Reader comments: What a difference a year makes

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slbison | 2:54 a.m. Oct. 10, 2008
THANK YOU GEORGE BUSH!
xscribe | 3:43 a.m. Oct. 10, 2008
And where is Bush? Have we seen him lately? Beyond a couple of appearances, has he tried to ease the calm? Has he been "presidential" and talked to the public beyond a couple of quick speeches? For months he has been saying that the economy ok, which he must have known was untrue. Now, when the people need a president to speak to them and ease their fears, he's nonexistent. When you do see him, you can just tell that there's nothing working upstairs and that he has no answer. This is the worst president this country has ever seen; and in a few short months, he will take his riches from oil money and retreat to his ranch, and throw the rest of us to the wolves. He had 8 years to supposedly fix the economy from the Clinton era - what a laugh - with his tax breaks and little $2,000 gifts to the people to stimulate the economy, and look where we are now. Now he leaves this task to the next president, who will have the monumental task of getting out of this mess. Unbelievable!
awesomeron | 4:41 a.m. Oct. 10, 2008
I think that the Bubble was contrived and that the Crash is also contrived. America seem to have fallen down, but I am sure that she is not so fat with gluttony that she cannot get up.

I bought a House for a reasonable price at least for Hawaii. The value has dropped about $45,000 but I am still $200,000 to the good. I have 5 bedrooms and three baths on two floors with First floor window views of both Pokai Bay and the Waianae Mountains. A few years ago I watched that hill burn right down to my neighbors back yard.

I ran my numbers and refinanced once. Learned several things the biggest being Do Not Use A 3rd Party Broker. They have No Real Power or control and use the word "hopefully" a lot. The word "hopefully" is not a word of empowerment. I also said No a lot to concessions. In the end I won but it was to close for comfort.

Countrywide bought the paper from Rinkie Dink Financial and I was happy and still am.

I have never had enough money or nerve at the same time to get into the Stock Market.
Comments continue below
The Conservative legacy | 6:29 a.m. Oct. 10, 2008
Remember when the conservatives came to power? Eight years later and you have the results of the right wing radicals abuse of power.
Keith in Colorado | 7:20 a.m. Oct. 10, 2008
I cannot help but believe that it was known by Bush and company all along, that this financial crisis was coming. I have now come to think that all the military presence in our major cities is for crowd control and eventual marshal law, steming from a financial collapse, and not because of some perceived terrorist threat. I firmly believe that there are greater powers to be, well above Bush, that are in control.
Sammy | 7:34 a.m. Oct. 10, 2008
Keep your head up. It's not time to be timid. Go to work and have confidence. The world is not going to end yet.

The only thing we have to fear is fear itself....riht? Then stop being a scaredy pants and try to be brave.

I am for sure going to make it. Come join my merry band.

Really. Hang in there everybody. it's going to be alright.
Brother Chuck Schroeder | 7:43 a.m. Oct. 10, 2008
Who manufactured the financial meltdown? It wasn’t only Wall Street. OPEC’s heavy hand is felt but unseen by the media and our liberal politicians. In bypassing a narrow economic analysis of the ongoing crisis, we can detect clearly the connection between the dizzying ups in petrol pricing and the slowing of American buying capacity. Though we have to conclude that while it is due largely to both Wall Street’s corruption and politicians’ abuse of the system handed the tools of doom to the middle class, Main Street’s rapid disenfranchisement was manufactured overseas, thousands of miles away, at the hands of many of the members of OPEC, the oil-producing Cartel, the oil powers are behind the instability that crumbled the will of millions of middle class Americans over the past three years. This attitude gave the producers discretion over price, while Jihadi propagandists roamed the media accusing Washington of putting unbearable pressure “on the region” to follow American injunctions in setting petrol’s prices. Was there a direct connection between the oil regimes and the Jihadi propagandist machine?. By the way, it's "THESE" Muslim's that want 0-Bamacon in Ofice, and are his friends, supporting & funding him.

McCain and Sarah 2008
Anonymous | 8:08 a.m. Oct. 10, 2008
The nature of the market is to go up and down. Every few years it dips which is a way to cleanse itself. While things may look bleak, keep your money in the market. You never actually have a loss UNTIL you sell your stock for a loss!
It's Bush's fault! | 8:13 a.m. Oct. 10, 2008
Geez, when are you libs going to come up with something original?

Was the 2000 market crash -- when the NASDAQ lost half its value after the tech bubble burst -- George Bush's fault, too?

Bear markets are a normal and regular feature of the stock market and occur about every 7 years or so. The only thing the government can do is make them worse by meddling in the process.

And Keith, if you need more tinfoil for your hat, I have found that Reynolds Wrap is the best brand.

Incidentally, the Bush adminstration was indeed aware of this problem years ago but its efforts to correct it were blocked by Congressional Democrats, chiefly Barney Frank.
xscribe | 8:31 a.m. Oct. 10, 2008
Could brother chuck be paranoid and racist? "these muslims"? Sounds like McCain and his "that one" comment. Spread the fear, Brother Chuck, spreak the fear. It's the only chance you've got!
Sir | 8:39 a.m. Oct. 10, 2008
The ship is sinking and drunken clowns are at the wheel.

Too much greed and too little brains. The University you graduated from has no relationship to you gutless, mindless, out of control stupidity.

This will pass. Hang the lawyers.
xscribe | 9:17 a.m. Oct. 10, 2008
To it's bush's fault: Geez, when are you "reps" going to come up with something original? The end of your comment blames the democrats. The common denominator in both crashes are that Bush was in office.
House of Cards | 9:37 a.m. Oct. 10, 2008
It sickens me to think of the game of smoke and mirrors individuals, families, financial institutions, and government all played with the sub-prime mortgage mess.

How could this disastrous sell-off NOT have happened given the sandy shore upon which we knowingly built our house?
Stupid | 9:52 a.m. Oct. 10, 2008
Yes, the President controls the ENTIRE economy of the United States...since when? Seems to me that it is CONGRESS and the people who generate goods/services who regulate the economy, and the most important part of this problem? the people who decided that they must live beyond their means in order to be happy. If you have a credit card that you never pay off, YOU are part of the problem; if you have anything but a fixed-rate mortgage (that you can afford!), YOU are part of the problem. NO president, EVER, has had the power/oversight/authority to put our country into the situation we are facing. Look in the mirror (or the reflection of your brand new McMansion windows!); we have seen the enemy, and it is us...
Keith in Colorado | 11:46 a.m. Oct. 10, 2008
"It's Bush's fault!, 8:13a.m.", Thanks for the tip. However, a little research from "other than mainstream media", is much better than tinfoil. But, that's OK. Stay in your little cloister-syndrome. You're right where they want you.
Murray Dad | 12:33 p.m. Oct. 10, 2008
BroChuckSchro -

Nice cut and paste job, where did youget that piece from, "John Birch Journal", "Watchtower" or "End Times"?
Yes, go back to the well again with "These Muslims" - OOOOOhh - Scary black man gonna' come and eat your kids!! Boogitty, Boogitty, BOO!!
Will you still be post after President Obama wins in November and the sun still comes up; will you still do your 'chicken little' dance or are you gonna' put your big boy pants on and be a member of society?
Re: Murry Dad 12:33 PM | 4:44 p.m. Oct. 10, 2008
The Republican Platform - any more question's?.
"support the right of states to require an official government-issued photo identification for voting"
"support tax credits for health care and medical expenses"
"a secret ballot in union referenda"
"a truly level playing field will mean more American jobs, higher wages, and a better standard of living"
"trade rules [must] make sure that free trade is indeed a two-way street"
"more American oil from American soil . . . support accelerated exploration , drilling and development in America"
"caution against the doomsday climate change scenarios peddled by the aficionados of centralized command-and-control government"
"address the risk of climate change based on sound science without succumbing to no-growth radicalism"
"All Americans should receive the same tax benefit as those who are insured through work"
"support parental rights to consent to medical treatment for their children including mental health treatment, drug treatment, alcohol treatment, and treatment involving pregnancy, contraceptives and abortion"
"education is a parental right"
"support the law prohibiting gambling over the Internet"
"call for a constitutional amendment that fully protects marriage as a union of a man and a woman, so that judges cannot make other arrangements equivalent to it."
Re: Murray Daddy 12:33PM | 4:47 p.m. Oct. 10, 2008
Republican Platform

"uphold the rule of law" . . . "completing the border fence quickly" . . . "enforcement at the workplace against illegal workers and lawbreaking employers" . . . "use the E-Verify system" "denial of federal funds for sanctuary cities" . . . "oppose amnesty"
"reject UN convention on women's rights . . . UN convention on the rights of the child . . . Law of the Sea Treaty"
"not accept the jurisdiction of the International Criminal Court over Americans"
"not lead to a North American union or a unified currency"
"ensure that China fulfills its WTO obligations, especially those related to protecting intellectual property rights, elimination of subsidies, and repeal of import restrictions."
"Judicial activism is a grave threat to the rule of law because unaccountable federal judges are usurping democracy, ignoring the Constitution . . . This must stop."
"condemn the Supreme Court's disregard of homeowners' property rights in its Kelo decision"
"insist on the appointment of constitutionalist judges, men and women who will not distort our founding documents to deny the people's right to self-government . . . or inject foreign law into American jurisprudence"

Any more question's?.
Re: Daddy Murray 12:33 PM | 4:49 p.m. Oct. 10, 2008
Republican Platform

"a secret ballot in union referenda"
"a truly level playing field will mean more American jobs, higher wages, and a better standard of living"
"trade rules [must] make sure that free trade is indeed a two-way street"
"more American oil from American soil . . . support accelerated exploration , drilling and development in America"
"caution against the doomsday climate change scenarios peddled by the aficionados of centralized command-and-control government"
"address the risk of climate change based on sound science without succumbing to no-growth radicalism"
"All Americans should receive the same tax benefit as those who are insured through work"
"support parental rights to consent to medical treatment for their children including mental health treatment, drug treatment, alcohol treatment, and treatment involving pregnancy, contraceptives and abortion"
"education is a parental right"
"support the law prohibiting gambling over the Internet"
"call for a constitutional amendment that fully protects marriage as a union of a man and a woman, so that judges cannot make other arrangements equivalent to it."
"urge Congress to use its Article III, Section 2 power to prevent activist federal judges from imposing upon the rest of the nation the judicial activism in Massachusetts and California"
Murray Dad | 5:07 p.m. Oct. 10, 2008
Are we still buying more equity toys? - Current system $25,000 automobile purchase: Current system 6% sales tax, 20% down $5,000 + $1,500 sales tax, Total down $6,500 down payment includes 6% sales tax. Total financed $20,000 60 month at 8% interest rate $405.53 - Large ticket items like cars, boats, homes and property, it is expected that part of the purchase price will be the cost of paying the new tax paid by the seller, and that is the most important part because it means that it can be financed, and doesn’t overburden closing cost or subtract from down payments. Wholesalers selling goods to retailers will be exempt when they collect current Business / Resale License, Federal Tax ID#, and exemptions will be established to prevent any tax pyramiding. Than there's all those electronic toys to don't forget, and this list grows to, than you can't figure it out yet, all this went on credit cards, loans, home equity, because the liberal's said for you to do it. That's why McCain and Sarah will be in OUR NEW White House for 8 years. For real change's. Now even I shall vote for them to. No Obamacon for me.

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