You have to read the opinion of Ron Paul on this financial mess. I agree a 100% with him.

Here is his conclusion:

… “The solution to the problem is to end government meddling in the market. Government intervention leads to distortions in the market, and government reacts to each distortion by enacting new laws and regulations, which create their own distortions, and so on ad infinitum.

It is time this process is put to an end. But the government cannot just sit back idly and let the bust occur. It must actively roll back stifling laws and regulations that allowed the boom to form in the first place.

The government must divorce itself of the albatross of Fannie and Freddie, balance and drastically decrease the size of the federal budget, and reduce onerous regulations on banks and credit unions that lead to structural rigidity in the financial sector.

Until the big-government apologists realize the error of their ways, and until vocal free-market advocates act in a manner which buttresses their rhetoric, I am afraid we are headed for a rough ride.”

http://edition.cnn.com/2008/POLITICS/09/23/paul.bailout/index.html

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Interesting point of view in this Video of Bill Niskanen of the Cato Institute.

FINANCIAL BATTLE PLAN (Video)
http://www.truveo.com/Financial-Battle-Plan/id/1713442362

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My prediction:

The stock market will be down 600+ by noon tomorrow and everyone will cave and pass the modifed Paulson Plan.

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“Craig, I agree with you 100% on the tax reform idea. However, I much prefer The Fair Tax.” (Aye Chihuahua)

Flat Tax or Fair Tax, I don’t care. Either one is better than what you’ve got there. This is the perfect moment to make a change… and I know McCain is all for the Fair Tax… so you people make sure McCain wins this election. Than… lol… Canada will follow. Yeah!

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Oh, those damn conservatives!

The “monkey wrench” in this deal came this afternoon when House Republicans (that are all up for re-elections) heard from the folks in their districts. I would bet a majority of them said “if you pass this socialist bill without total taxpayer protection, plan on finding another job”. These people are sick and tired of high gas prices that Pelosi and the Dems took a pass on and then have to witness a bailout for the greedy “government sponsored” opportunist and they know the BILL will be passed onto their grandchildren. They’ve all seen this far too many times to believe the burden falls on anyone but the taxpayers and they’re (including me) aren’t going to take it in the ass anymore. Obama and his socialist pals don’t get it. Neither does the Neanderthal media that thinks this is some political ploy to “right” McCain’s ship. The conservative voice is going to be heard even if no one likes it, understands it, or hates it.

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Craig,

I agree with you 100% on the tax reform idea.

However, I much prefer The Fair Tax.

Now would be a great time to cut the capital gains rate, make the Bush tax cuts permanent, cut the corporate tax rate to attract foreign investment, and permanently repeal the death tax.

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Please watch this VIDEO carefully:

THE GLOBAL FLAT TAX REVOLUTION
http://www.youtube.com/watch?v=qBAr0MzRFU0

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Aye Chihuahua, New Conservative and Mike’s America,

I would cancel this bail out plan for these idiots (banks and irresponsible citizens), and installed a FLAT TAX. Economy would bloom in no time. Government intervention is the worse thing they can do. It’s time for great change: FLAT TAX.
Way to go!

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After Barry’s statements, it is blatantly obvious that he is willing to agree with ANY bailout proposal put on the table.

Is this an example of the ‘CHANGE’ he wants to bring to DC?

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I, too, am very conflicted over this.

The whole idea of gov’t involvement in the free market just goes against EVERYTHING that I believe in.

EVERYTHING!

On the other hand, from what I know of history and from what I have been learning about the financial markets since the mortgage mess started I know that we are in some mighty deep ca-ca.

If the gov’t intervenes it is my belief that the economy will still have a crash landing of sorts.

I fear that if the gov’t doesn’t get involved then I believe that the plane will fall right out of the sky without slowing at all.

OY!

What are the choices?

Are there really any?

The damned politicians are STILL playing politics with this.

They’re jockeying for position trying to see who they can embarrass and how they can make themselves look good.

Someone earlier today suggested torches and pitchforks.

I’m starting to think that might be a good idea.

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