Harry Reid, moron extraordinaire

[LDB]

What an incompetent buffoon. This "sky is falling" moron wants to scare people into action to pass the bloated and idiotic bail out they're pushing so Mr. Genius says on an open mic, paraphrased somewhat, "A major insurer whose name is known worldwide is on the brink of insolvency and we must pass this immediately.". During the course of the next trading day 13 major insurers with names known worldwide lose a cumulative $20 billion dollars because fools listened to the incompetent bungler mentioned above and not knowing who he referenced in his worthless scare tactic comment they did the panic run on whichever they held. Harry Reid should be terminated immediately. A vacant seat would be far better than one manned by such an ignorant fool.

 

[Pilgrim]

If you think it's bad now, imagine what he and Pelosi will be like with an empty suit like Obama in the Oval Office. If people aren't inspired by McCain, maybe they ought to think about what an administration put together by Barack Hussein Obama would look like. How many of us are old enough to remember the economy and the "misery index" given us by Jimmy Carter? Fear can be a great motivator, and hopefully it will become one at this point in time. McCain seems determined to run one of the most ineffective campaigns in modern memory, but this can still be overcome if people will just stop to consider the simple fact that Obama is the most liberal and least qualified presidential candidate in US history.

 

[LDB]

McCain did a terrible job when he ran in 2000 and he's doing a terrible job now. He's an apologist when the campaign staff gets hard nosed with the opponent even when it's all true. The election is his to lose and he'll manage it if allowed to. You are correct that Obama is as empty as the heads of his supporters. Harry Reid must be just as empty headed to make such a stupid statement as he did regarding "an insurer known worldwide". He should voluntarily resign and if not he should be put out by his peers. That level of stupidity is inexcusable.

 

[cheri1122]

Even stupider are those who believed what he said was true, and rushed to sell their stock, I'd say.
And those people vote.

 

[Turtle]

Even stupider are those who believed what he said was true, and rushed to sell their stock, I'd say.
And those people vote.

There ya go. Who's the buffoon? Those who listened, and then speculated, rather than gather information.

 

[chefdennis]

He did the same thing with a bank and created a rush on the bank (i forget which one, maybe WAMU) He is a complete idoit as are those that sold off their stock!

But, this bailout will not do anything beyond a few months and we will be right back where we were! You watch, we WILL have that Recession they say they avoided! These POS, just stole from the people and gave it to the banksters!!

 

[iceroadtrucker]

He did the same thing with a bank and created a rush on the bank (i forget which one, maybe WAMU) He is a complete idoit as are those that sold off their stock!

But, this bailout will not do anything beyond a few months and we will be right back where we were! You watch, we WILL have that Recession they say they avoided! These POS, just stole from the people and gave it to the banksters!!

YOUR RIGHT

SO LET ME ASK DID THE PASSING HELP THE PEOPLE WITH THE MORTAGES THAT ARE BEING REPOED?????

DID IT HELP US COMMON FOLK???

hmmmmm

I THINK NOT.

 

[Turtle]

You mean the common folks who took out mortgages larger than they could afford, those who went and bought houses that cost more than they could afford, those who did so with little or no down payment, those who stopped paying their mortgage because they got mad that their property values burst right along with the housing bubble? Those common folks?

Nope.

"These POS, just stole from the people and gave it to the banksters!!"
No, they didn't. The bailout mainly sucks, but if yer gonna hammer it you might as well hammer it for what it is, rather than for what it's not.

 

[iceroadtrucker]

You mean the common folks who took out mortgages larger than they could afford, those who went and bought houses that cost more than they could afford, those who did so with little or no down payment, those who stopped paying their mortgage because they got mad that their property values burst right along with the housing bubble? Those common folks?

Nope.

"These POS, just stole from the people and gave it to the banksters!!"
No, they didn't. The bailout mainly sucks, but if yer gonna hammer it you might as well hammer it for what it is, rather than for what it's not.

No man Im talking about guys like me with a mortage PT ande INS thats less than 600 a month common folk that live in the Hood man not rich million dollar clubbers like your self.

Im talking about blue colloar not million dollar.

Get my drift.
So If you fit what you said in the above what a fool for a low arm. \
Not me fixed rate 5.5% for 30 not a bad deal.

Now following the million dollar plan I think HI HO cracker beat the RiTZ any day.

 

[Turtle]

The folks who are making their mortgage payments on time aren't getting their houses repoed. The ones who aren't making their payments, are. What's the problem? Blue collar, million dollar, that's got nothing to do with it. It's the folks who bit off more than they can chew who, and who won't take personal responsibility for their decisions, who are the ones crying about getting a personal bailout.

You've got people who went out and bought a house they can't afford, then furnished with credit cards, and now it's between food and mortgage payments. They're screwed, but they did it to themselves. And the bank eats it.

Then, you've got people who went out and bought an overpriced house they could barely afford, furnished it with credit cards, and now the $800,000 mortgage is on a $400,000 house and they're mad cause they're having to pay twice what they house is worth, even though they can actually afford the payments, but they won't make them, cause they're mad. They're walkin' away from the mortgage, let the bank eat it.

The banks packaged these mortgages up all nice and pretty and sold them off as high risk, high yield investments. Problem is, too many defaulted, and there's no yield to pay out. Not only that, now there's not even enough to loan to small businesses and other banks to keep Wall Street as well as Main Street commerce running smoothly.

The bailout isn't for the idiots who are losing their houses, nor is it for the bankers to line their pockets with. That's not what's happening. And it's happening in many other places around the world, too.

 

[iceroadtrucker]

The folks who are making their mortgage payments on time aren't getting their houses repoed. The ones who aren't making their payments, are. What's the problem? Blue collar, million dollar, that's got nothing to do with it. It's the folks who bit off more than they can chew who, and who won't take personal responsibility for their decisions, who are the ones crying about getting a personal bailout.

You've got people who went out and bought a house they can't afford, then furnished with credit cards, and now it's between food and mortgage payments. They're screwed, but they did it to themselves. And the bank eats it.

Then, you've got people who went out and bought an overpriced house they could barely afford, furnished it with credit cards, and now the $800,000 mortgage is on a $400,000 house and they're mad cause they're having to pay twice what they house is worth, even though they can actually afford the payments, but they won't make them, cause they're mad. They're walkin' away from the mortgage, let the bank eat it.

The banks packaged these mortgages up all nice and pretty and sold them off as high risk, high yield investments. Problem is, too many defaulted, and there's no yield to pay out. Not only that, now there's not even enough to loan to small businesses and other banks to keep Wall Street as well as Main Street commerce running smoothly.

The bailout isn't for the idiots who are losing their houses, nor is it for the bankers to line their pockets with. That's not what's happening. And it's happening in many other places around the world, too.

Right on thats why I think the Bail out is Crapola.