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Originally Posted by Wolfehunter
Why did they vote again on this? I though it was finished after the first vote? How many times can they bring this up if it was refused again?
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That's not how it works, dude.
For all intents and purposes, bills can be reintroduced an infinite number of times, as long as they do not contain the precise wording of a defeated bill.
The initital bailout package was defeated, and that was good, but most congressmen seem to agree that some form of bailout package and/or state takeover of banks is necessary. They're just arguing over details now.
This bailout is going to happen, one way or the other. The result is going to be a direct, almost catastrophic inflation of the currency, offset by Wall Street investors scraping what they can get out of the resultant spike in consumer confidence before dumping their investments on unsuspecting fools.
I can't say with certainty that the harmful effects of the bailout will follow the bailout itself imediately. There are a lot of factors to consider that make it hard to offer an educated guess. Historically, the U.S. government has done a good job of postponing economic damage by borrowing and/or printing money. Maybe they will succeed this time, but I doubt that.
We are approaching a critical point in unsustainable state economic policy. Sooner or later (probably sooner), we are going to reap the harvest that our representatives have sown.
Every great empire/nation that has ever exsisted was destroyed from within by state-sponsored economic failure before being torn apart by external forces. The U.S. is no exception.
China will rise, and then it will fall, just as the Soviet Union did. Their economy will be bled dry by plutocrats. In fact, they will enjoy an even shorter tenure than the U.S. as a superpower, because they embrace heavy-handed state economics. (except in the special economic zones, which are what made them powerful in the first place. But just watch as they are destroyed by state policy. Politics beats economics every time)
I wish the E.U. would step up to the plate, but they have already made clear that they prefer to exsist as a collection of seperate nations that will remain mired in a diplomatic bog for the forseeable future.
America's time will come again, though. It's going to take some time to get the issues sorted out. It is quite possible that none of us will be alive to see it. Hopefully, we will rise upon the the principles of personal freedom and the free market again.
For now, though, it is too late. We entrusted the welfare of the nation to a bunch of idiots whose only real specialty was manipulating public opinion. In short, a bunch of liars.
Take Palin, for instance. There are a lot of good reasons why she shouldn't be the VP, but she and McCain will take the White House in November. Just wait and see.
She was a political masterstroke by McCain. Absolutely astounding. Her nomination will rob the Democrats of a big chunk of one of their principle voting demographics.
McCain is a sly dog. Or at least his campaign is full of sly dogs. What a brilliant counter to America's first serious black presidental candidate.
Not that Obama is any better. He talks about change, but he has no plan to produce it. Basically, he just promises free stuff. Real change would be reversing Federal spending policy and returning America to a position of economic dominance. All Obama offers is more of the same, whatever he calls it. The only good thing I see from him is a promise to bring troops home from Iraq. Yeah, whatever.
There is no chance in hell that he will do that. The political implications of leaving Iraq in the mess it is in are simply mind-boggling. Can anyone the imagine the international repurcussions of America withdrawing and saying "sorry, we screwed up"? The Democratic Party would be ruined for at least a couple of decades.
At the last, I will say that I don't have any personal issues with any of these people. I'm sure that if I were to meet McCain or Obama, we would get along famously. They only want to do what is best for the country. And there lies the danger. They think they know what is best for the country.
Nobody knows what is best for everyone. Freedom and choice have made America powerful. So powerful that the entire world is about to feel the repurcussions of our downfall. Why on Earth would we ever sacrifice personal and economic freedom to some idiot who promises to take care of us?
Politics isn't about who can do what is best for the nation. It is about who says they will do what is best for the nation in the most convincing fashion.
Thomas Jefferson cautioned us about the dangers of Democracy. The tyranny of the masses has brought us to this place. The only solution is to limit the power of the state as much as possible. The State's only role should be to eliminate fraud and deception in trade, via stiff penalties, and to protect us from external threats.
Naturally, none of that will happen, as most U.S. citizens are educated by state schools that teach us that our "Democratic:rotfl: " process is the proper means of addressing problems.
The hand that rocks the cradle rules the world. All of us will suffer while the political elite prosper, as they always have.
