Comments on: The Roundup: Fast Foot Joints are Dangerous

By: Magglio Merkin

Magglio Merkin — Thu, 02 Oct 2008 14:56:23 +0000

@gimmeabeerman

Great links up there by the way. I didn’t know that about Paulson… this wreaks of corruption. You can tell with all the hasty “We need this pushed thru now, don’t ask questions.” BS. I thought that it resembled the Iraq invasion and passing of the Freedom Act soon as I started reading about it. Anytime someone asks that you make a hasty decision without actually reading the fine print, it is usually good for them and bad for you.

By: gimmeabeerman

gimmeabeerman — Thu, 02 Oct 2008 14:52:03 +0000

You don’t actually believe they fully utilize their advisors (see: LOBBYISTS) for what is actually correct decision making do you?

Oh God no. Absolutely not. I wouldn’t trust those dumbasses to deliver me my newspaper.

By: The Sports Hernia

The Sports Hernia — Thu, 02 Oct 2008 14:47:31 +0000

Disturbed by that McDonald’s video.

By: August West

August West — Thu, 02 Oct 2008 14:05:27 +0000

Sometimes the best thing they can do is what’s best for us, not what we want.

Kind of like this bail-out matched with regulatory changes.

By: Magglio Merkin

Magglio Merkin — Thu, 02 Oct 2008 14:04:31 +0000

@gimme a beer man

You don’t actually believe they fully utilize their advisors (see: LOBBYISTS) for what is actually correct decision making do you?

By: NSR

NSR — Thu, 02 Oct 2008 14:02:22 +0000

It’s hard to fault the congressmen for doing what we wish they would always do, listen to us. Most of the calls/emails they received were at least 10 to 1 against the bailout, and with the election on the horizon, no way they’re going to offend the electorate.

By: Magglio Merkin

Magglio Merkin — Thu, 02 Oct 2008 14:01:01 +0000

From the link provided by HawkEye

In March I ordered about $125,000 worth of inventory that I need for the holiday season. I’ll take delivery of it in about three weeks. At the time of the order, I was given credit terms allowing me to pay for that delivery in full on Dec. 10, which is very typical in the industry. As a result, I planned the rest of my buying and cash flow planning for the holidays around this fact.
On Monday, I got a call from my wholesaler who told me the terms were no longer being offered and that I would have to now pay cash in full on delivery.

This is exactly the way farmers purchase seed to grow crops… so this is kind of, sort of a HUGE deal.

By: August West

August West — Thu, 02 Oct 2008 14:00:59 +0000

@NSR: Don’t confuse a few republicans with a crusade by republicans at large. They’ve ruled every national corridor of power for the past 8 years in a nearly unprecedented way: if they wanted to install more oversight they could have easily gotten it done.

Both sides were drunk and arrogant, and now there is no good answer other than do what we can today and plan for a better tomorrow.

If this bailout isn’t followed by intense regulatory oversight provisions then we’re all fucked.

By: gimmeabeerman

gimmeabeerman — Thu, 02 Oct 2008 13:58:18 +0000

@Maggs: Let’s not forget that these Congressmen all have many many advisors in all fields, such as economics. They don’t make their decisions only based on their own background. They have people who understand (maybe with the wrong point of view) what is going on giving them advice.

By: clown

clown — Thu, 02 Oct 2008 13:52:04 +0000

I’m so glad I’m poor. This looks like it would really affect me otherwise.