Republican "rescue" plan

[freelance]

These are the tidbits:

The proposals include:

* Wall Street – Not Taxpayers – Should Fund the Recovery
* Private Capital – Not Tax Dollars – Should Be Injected Into Financial Markets
* Immediate Transparency, Oversight, and Market Reform

http://www.cnbc.com/id/26895236

 

[zeke105]

This is all just political games. Republicans, which are not normally for capitalism anymore, are using this to help gain some political favor. Bush is for this and the democratic majority is for this. No one else is necessary to pass the bill.

 

[surf]

anyone believe this? if they come out of this w/an oversight bill only, it will be a major victory for the revolution!

they may not have surrendered to common sense, but we'll have stopped them on one very important issue.

keep fighting folks. perhaps they'll begin to retreat.

 

[freelance]

anyone believe this?

Of course not! LOL! I just put it out for informational purposes. My jaw was on the floor as I read it.

 

[Bruno]

semantic. now all of a sudden it is a rescue plan! lol

 

[wizardwatson]

semantic. now all of a sudden it is a rescue plan! lol

"Bailout" is soooo two days ago.

 

[Otter Mii-kun]

They're calling it a "rescue" plan to gather up public support for it-and it's showing up in the mainstream media polls.

 

[TastyWheat]

I'm okay with pretty much anything that doesn't require new or borrowed money. It would be great if they lowered or temporarily suspended capital gains taxes. There would be a mad rush to buy up those businesses I'm sure.

 

[Knighted]

Private capital would almost certainly flow into the markets if they plummeted to the range where they belong. Right now everything is overvalued, propped up by the government throwing cash at the markets on a daily basis and the ban on financials short selling.