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Congress and the Bailout: Why Americans Distrust Government

Forever Changed

Fed Peasant
DOD
Fri Oct 3, 2008 9:41 AM

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As an investor, my views & beliefs are forever changed. To mention the famous "bottom line", I am making a dramtic & permanent shift of all investments to foreign stocks (especially blue chips), foreign bonds, & foreign real estate (funds & REITs). I may even open a foreign bank account & have CDs in a foreign currency, just to get further out of the U.S. dollar. The U.S. is no longer a prudent, reliable, & worthy place to invest on a large scale. It will now get well under 50% of allocations (minority), as a new rule/strategy.

Re: Forever Changed

Diversity Manager
DOL
Fri Oct 3, 2008 4:35 PM
Any chance we can get you to stop taking your paycheck that's in American dollars that you don't deserve or earn??

Re: Forever Changed

Fed Peasant
DOD
Fri Oct 3, 2008 5:27 PM
Diversity Manager/DOL;
Your comments are void of any logic, sense, or decency. How does one even answer such trash talk, without stooping & degenerating? Maybe you are faulting my risk assessment & portfolio management? I am not concerned, with those incapable of communicating their thoughts clearly. Especially so, when their thoughts are of questionable value, even if understood. When I am retired, & sip wine, at my Swiss chalet some day, I'll be thankful. Will you??

Re: Forever Changed

HR Specialist
IRS
Fri Oct 3, 2008 11:34 PM
Fed Peasant, I would not change my investments at this time to foreign investments. I have money in foreign investing mutual funds, and I have taken a beating this year. Luckily for me, I have most of my other investments in insured CDs and the G Fund. Did you know equity markets all over the world have gone down much more than the American Stock Market. The Canadian Stock Market went down 700 points on Thursday. The time now is for heading to safety.

Re: Forever Changed

Fed Peasant
DOD
Sun Oct 5, 2008 5:40 PM
HR Specialist IRS:
Yes.

Bail Out

Retired
DLA
Fri Oct 3, 2008 9:41 AM

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This bail out bill is nothing more than a band-aide, it does not address the issues or how to correct them. In a few months they will be back and take more money from the taxpayer, oh I mean borrow from China and we pay it back, some day..

Bailout?

rick
DCMA
Fri Oct 3, 2008 9:58 AM

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While the politicians are busy blaming greedy wall street and not looking at the root cause (congress themselves) this bill is not going to deal with the issue. They'll be back soon for more and more and more until we step up and say enough. November 4 and McCain/Palin

Re: Bailout?

Unhigh on the Food Chain
VA
Fri Oct 3, 2008 10:52 AM
If you think it's a problem now and you insist on voting on crooked, I mean McPain and McGiggly, suit yourself, but in the end, you will be sorry because the current pain will continue. We could only be so lucky to be part of Congress, make a mess of our finances, and then force the taxpayers to foot the bill. WOW!

Re: Bailout?

IT Specialists
DOD
Fri Oct 3, 2008 1:35 PM
With all of Obama's questionable alliances, I wouldn't call McCain or Palin crooked. Of course you probably don't know much about Obama's background because you only watch MSNBC.

Re: Bailout?

Worker
DoD
Fri Oct 3, 2008 2:30 PM
McPain and McGiggly. Wow, that is almost as funny as Osama and Biden-laden. The name calling really helps the situation too.

Re: Bailout?

IT Spec
DOD
Fri Oct 3, 2008 4:00 PM
Unhigh.. your little word and name games are entertaining but you've given us nothing of substance.

Re: Bailout?

Diversity Manager
DOL
Fri Oct 3, 2008 4:39 PM
Can't agree with you more all the knuckleheads that caused this Barney Frank, Pelosi, Reid at all. Couple with the Ill Senator that as a Community Activist held the banks hostage till they made loans to people that should never had had them. If Osama wins everyone will be entitled to a new home, a new car, restaurant passes etc. He be da pre de dent

Re: Bailout?

Observer
Mega Fed
Fri Oct 3, 2008 5:34 PM
To: Diversity Manager DOL
Any chance that you are a republican/neo-con/hyper-partisan? One day soon, you willl have a President Obama & Vice President Biden. If you are unable to show them the respect that they are due, then you need to go..resign...just git. Get off of the federal payroll. Or remember your oath!!

Re: Bailout?

Retired Supervisor
DoD
Fri Oct 3, 2008 7:25 PM
“Worker” hit the nail on the head. It is almost axiomatic that well thought out comments come from the folks on one side and the name calling comes predominately from the people on the other side. Perhaps that is because the name callers swallow everything the left leaning media presents as "information" or "news" and the thoughtful folks are the ones who consider issues and seek the facts instead of formulating their political opinions from watching SNL skits.

Re: Bailout?

HR Specialist
IRS
Fri Oct 3, 2008 11:44 PM
I find it utterly amazing and incomprehensible that after eight years of the worse administration in my lifetime (I am 55) that people want to vote four more years of the same.
John McCain said " I have supported Bush over 90% of the time." The only thing keeping this election relatively close is Barak Obama's race. If he was white, he would be leading by double the margin in the polls. I am white.

Re: Bailout?

Diversity Manager
DOL
Sat Oct 4, 2008 7:26 PM
Observer respect is earned. Its apparent that all the FED union goons are unable to show respect for Bush so how am I any different??
Funny that when the shoe is on the other foot all of the libs start limping and crying for more and more fed help.
Like i said instead of a chicken in every pot it will be a car/house + food stamps for everyone

Re: Bailout?

Diversity Manager
DOL
Sat Oct 4, 2008 7:29 PM
HR i disagree if he was white he wouldn't have even won a primary. The only reason he's staying competitive is the Media holding his hand every day.
But I'm worried once rusk finishes with the Feds Osama will be wearing horizontal pinstripes or is it a orange jump suit in Fed prison

Re: Bailout?

everyman
dod
Mon Oct 6, 2008 10:13 AM
IT Specialists DOD
1st how many are you since your name infers plural.
2nd you must watch msnbc also since you know what they are saying.

Re: Bailout?

analyst
DOD
Mon Oct 6, 2008 10:54 AM
"the Ill Senator that as a Community Activist held the banks hostage till they made loans to people that should never had had them"

This organization that Diversity Manager is referring to is called ACORN. Along with strong arming banks, they have been implicated in several states (Missouri and Ohio are two of them) for voter fraud. Thousands of voter registrations submitted by this organization have been proven to be fraudulent. All name calling and mud slinging aside, this is factual information that isn't getting the attention that it should. Every voter needs to make up their own mind whether or not they want to support a candidate that chooses to associate himself with an organization such as this.

Re: Bailout?

IT Specialist
DOD
Mon Oct 6, 2008 11:26 AM
Everyman - There is me, myself, and I.... Plural. Under NSPS, I have to multiply to get all my job objectives done :-))) As far as MSNBC, I watch them all. It is interesting to see how one media outlet spins today's information when compared to another. If I want real news, I read the independant articles that can found on the internet. There is still good journalism in America, but it is mostly local newspapers and media outlets. National Media is worthless.

Above article

HR Specialist
OPM
Fri Oct 3, 2008 10:00 AM

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What's to comment on? The article virtually says it all. However, given Congress' demonstrated puckish sense of humor, I'm surprised that, given the time of year, they didn't entitle the bill the "Trick or Treat Act of 2008" (with emphasis on the "trick" side). What a travesty!

Re: Above article

Retired
NOAA
Sat Oct 4, 2008 8:46 PM
All I want to know is -- Who's going to prison over all this and how soon?

No more finger-pointing by politicians! We need a perp walk bad, including those responsible in congress, past administrations, present administrations, wall street, fanny mae, freddy mac, etc., etc., etc.,

We citizens had better start demanding accountability for such inexcusable and irresponsible actions and dereliction of duty. We should boycott all media and sponsors until real investigative journalism identifies the culprits.

Treasury jobs

Project Manager
HUD
Fri Oct 3, 2008 10:04 AM

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I know it's too early, but any idea on the number of Treasury Jobs, Grade levels and job titles on these new positions if the bill passes?

Re: Treasury jobs

Diversity Manager
DOL
Sat Oct 4, 2008 7:30 PM
All of the jobs will be contracted out there isn't a fed on the payroll that even understands banking

Re: Treasury jobs

Reformed Conservative
DFAS
Mon Oct 6, 2008 9:39 AM
As Diversity Manager has proved to us.

Re: Treasury jobs

Diversity Manager
DOL
Mon Oct 6, 2008 7:27 PM
Only by the power of persuasion

Re: Treasury jobs

worker bee
Fed Agency
Thu Oct 9, 2008 10:53 AM
As far as all the jobs going to contractors, one of the first ones tapped for TARP is the current CFO for the Office of the Comptroller of the Currency (a bank regulator). Your comments are without basis in fact. Should I be surprised?

Irresponsabel Wall Street Irresponsable Congress

Auditor
DoD
Fri Oct 3, 2008 10:30 AM

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How much more irresponsable can Capitol Hill be.
It is irresponsable to bail out irresponsable greedy Wall Street. When we the taxpayer make bad investment the Gov doesn't bail us out why bail out Wall Street.

I am in favor of a rescue plan to ease the alleged credit crisis but not a Wall Street bail out plan. Greedy irresponsable Wall Street Companies placed themselves in the position they are right now because of their own irresponsability and wrecklesness. They eased lending guidelines and loan money to people who clearly did not qualify for a loan they even created the "lie to me loan"(stated loans) and know the Gov want to buy this toxic waste from them.

Additionally, a rescue bill should be just that with no other attachments. What does mental health, energy, education or agriculture have to do with the credit crisis?

Re: Irresponsabel Wall Street Irresponsable Congress

Fed Worker & Union Guy
DOD
Fri Oct 3, 2008 10:41 AM
They are going to invest OUR tax money, by investing in "toxic assets". And we tax payers will make a profit. Imagine that!! Congress has shut down their web site in recent days, for periods, because of heavy traffic. They think that we are stupid & eventually we will go away. WRONG!!!!

Who let the pigs in? Oink! Oink!

Thorn in the Side
DOD
Fri Oct 3, 2008 10:34 AM

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The original Paulson plan was a sophisiticated form of the 60s camp-movie world-takeover plot. The current version of the bill is a shrewd megalomanic masterpiece, with only cosmetic changes. (Due to space limits, I won't go into specifics.)

The current administration has become a cozy place for swindlers, sharp-dealers, autocrats, and now megalomaniacs. This plan is an attempt by that administration to hold power after being thrown out. If you can control the economy, you can control society; if you control the world's largest economy, you're in a pretty fair way to controlling the rest of the world. As for the Treasury itself, look at the billions already ripped off via no-competition contracts - the inferior workmanship in Iraq that gets people electrocuted in the shower, gasoline delivery that costs three times what it did under the in-house DSS, and so on. The snouts are in THAT trough! Now we're asked to give Porky the run of Ft. Knox.

Let's keep the pigs out.

Re: Who let the pigs in? Oink! Oink!

Worker
DoD
Fri Oct 3, 2008 2:34 PM
Where have you been? Congress has always been a cozy place for swindlers, sharp-dealers, autocrats, and megalomaniacs.
Total Comments: 75
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