The Washington Independent - Latest Comments in Economic Chaos Provides Infrastructure Opportunities

Re: Economic Chaos Provides Infrastructure Opportunities

NoFaxPaydayLoans — Fri, 31 Oct 2008 00:57:15 -0000

“I’m an American. And I choose to fight. Don’t give up hope. Be strong. Have courage. And fight.” The Arizona senator and Presidential candidate, John McCain, appeared to be in a fighting mode as he made his speech in Dayton, Ohio. He presented the call to fight for what’s right for America, for justice and opportunity, for the children. McCain made sure not to coat the economic concerns that are threatening our comfort zones, with items like Issue 5 on the agenda for Ohio voters. With no hesitation, he quickly points out that “Barack the Re-Distributor” will only spread the wealth and overlook the needed policies that will create more. Obama believes taxes are too low. For McCain, he believes that what seemed like normal spending during the Bush administration is too high. McCain’s intention does not affect payday loans as much as Obama’s promise to bail out Wall Street bankers with $750 billion of taxpayers’ money. The ultimate plan for the economy is to “get it out of the ditch and back in the lead.” This, he feels, will allow Americans to rest easy, knowing they will be passing down a better life to their children and grandchildren.
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Re: Economic Chaos Provides Infrastructure Opportunities

Bill — Thu, 30 Oct 2008 20:57:48 -0000

According to MoneyMorning.com “Billions in Bank Rescue Funds are Fueling Buyout Deals, and not the Increase in Loans That Would Help Ease the Financial Crisis”. These banks need their hands slapped. This $250 billion bailout package that is supposed to recapitalize our banking system is being used by banks to buy out smaller weaker banks from the market thus reducing the competition. This recapitalization is suppose to help bridge loans and pump money into the system to stimulate the ecomomy the displacement of funds will cause additional foreclosures (i.e. http://www.BuyMyHouseBeforeTheBankTakesIt.com) and cause another need for a cash infusion by taxpayers into the banking system.

Re: Economic Chaos Provides Infrastructure Opportunities

Meagan — Thu, 30 Oct 2008 14:48:16 -0000

Great article. Times are scary, no? The U.S. economy has surely taken quite a hit over the past few months. Many people are still confused with the state of the economy — and where the candidates stand in regard to fixing it. With a recession and the need for reform on the minds of a majority of Americans, I thought you might be interested in two non-partisan guides we’ve put together here at Public Agenda on the economy (http://publicagenda.org/citizen/electionguides/...) and taxes, spending and debt (http://publicagenda.org/citizen/electionguides/...). Feel free to check these out and get back to me with any questions. Thanks again for an informative piece!