Comments on: Echoes Of Iraq War: White House Claims Bailout Will Pay For Itself http://www.prisonplanet.com/echoes-of-iraq-war-white-house-claims-bailout-will-pay-for-itself.html Thu, 26 Nov 2009 01:19:17 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: Larry lindsey http://www.prisonplanet.com/echoes-of-iraq-war-white-house-claims-bailout-will-pay-for-itself.html/comment-page-1#comment-236653 Larry lindsey Tue, 03 Mar 2009 15:10:34 +0000 http://www.prisonplanet.com/?p=2695#comment-236653 hmmm hmmm

]]> By: True Debates http://www.prisonplanet.com/echoes-of-iraq-war-white-house-claims-bailout-will-pay-for-itself.html/comment-page-1#comment-47623 True Debates Fri, 26 Sep 2008 10:04:26 +0000 http://www.prisonplanet.com/?p=2695#comment-47623 The 1992 Presidential Debates with Ross Perot were not dull. His warnings have now come true. Replace John McCain with Ron Paul. Add Ralph Nader and Cynthia McKinney. Barack Obama must earn his victory, not win by default. The 1992 Presidential Debates with Ross Perot were not dull. His warnings have now come true. Replace John McCain with Ron Paul. Add Ralph Nader and Cynthia McKinney. Barack Obama must earn his victory, not win by default.

]]> By: GaryCol http://www.prisonplanet.com/echoes-of-iraq-war-white-house-claims-bailout-will-pay-for-itself.html/comment-page-1#comment-47549 GaryCol Fri, 26 Sep 2008 04:48:00 +0000 http://www.prisonplanet.com/?p=2695#comment-47549 If these assets are so "under-priced" then why is there not a stampede of buyers clambering to buy them? This current situation stared many years ago and has been growing ever since. A large part of the problem is the "musical chairs" played by corporations when they appoint a new CEO or other executive. They made the mistakes and now they want to be rewarded for their mistakes. This package will be guaranteeing their positions as before. With the bonus at the end of the year as the balance sheet of the corporation will be back in the black. Most likely with a healthy profit for the corporations and very little, if any, tax to pay. Of all the talking heads that I have seen all are predicting the chaos that will ensue if this rescue package is not agreed to. None have considered the effect of increasing the National debt by about 100%. The US National debt as it stands will never be repaid so will make it so that international lenders will be reluctant to lend even more. The devaluation of the dollar will lead to reconsideration of its reserved currency status which is the only reason it has held its value for so long. With the passing of this package watch for hyper inflation in the short term. Dollar down equals higher priced imports. As America now imports most of what is needed to live day to day it will be a long time before local manufacturing can re-establish and produce the commodities needed to survive. This includes food as the agri-business is mainly geared to producing product not for human consumption. Added to that the current methods of farming have greatly added to the soil degradation as evidenced by reduced yields across most crops. What is needed is a cultural change within Corporate America. Shareholders becoming more proactive in controlling the board of directors and the board of directors taking a more active role in ensuring good governance of their appointed executives. After all the shareholders own the company and the directors are the elected representatives of the shareholders (and are responsible to the shareholders) who in turn control the CEO who is responsible for the day-to-day activities of the corporation. I believe that the directors and the CEO should be held responsible for their actions within law. If a CEO makes a mistake and looses money or brings the corporation into disrepute then should be fired loosing of all benefits. Not allowed to quietly resign and still given a golden parachute as is the case today. Also I believe that if the corporation is involved in any actions deemed to be illegal then the board both singularly and collectively, be held accountable in law. Maybe this would cause some of them to stop and take a look at the consequences of their actions before embarking on some cowboy behaviour. Another question I ask is why a private individual has different bankruptcy laws to that of the corporations. A Corporation can file for bankruptcy protection and still continue to trade etc. while an individual cannot. If these assets are so “under-priced” then why is there not a stampede of buyers clambering to buy them?

This current situation stared many years ago and has been growing ever since. A large part of the problem is the “musical chairs” played by corporations when they appoint a new CEO or other executive.

They made the mistakes and now they want to be rewarded for their mistakes. This package will be guaranteeing their positions as before. With the bonus at the end of the year as the balance sheet of the corporation will be back in the black. Most likely with a healthy profit for the corporations and very little, if any, tax to pay.

Of all the talking heads that I have seen all are predicting the chaos that will ensue if this rescue package is not agreed to. None have considered the effect of increasing the National debt by about 100%.

The US National debt as it stands will never be repaid so will make it so that international lenders will be reluctant to lend even more. The devaluation of the dollar will lead to reconsideration of its reserved currency status which is the only reason it has held its value for so long.

With the passing of this package watch for hyper inflation in the short term. Dollar down equals higher priced imports. As America now imports most of what is needed to live day to day it will be a long time before local manufacturing can re-establish and produce the commodities needed to survive. This includes food as the agri-business is mainly geared to producing product not for human consumption. Added to that the current methods of farming have greatly added to the soil degradation as evidenced by reduced yields across most crops.

What is needed is a cultural change within Corporate America. Shareholders becoming more proactive in controlling the board of directors and the board of directors taking a more active role in ensuring good governance of their appointed executives.

After all the shareholders own the company and the directors are the elected representatives of the shareholders (and are responsible to the shareholders) who in turn control the CEO who is responsible for the day-to-day activities of the corporation. I believe that the directors and the CEO should be held responsible for their actions within law. If a CEO makes a mistake and looses money or brings the corporation into disrepute then should be fired loosing of all benefits. Not allowed to quietly resign and still given a golden parachute as is the case today. Also I believe that if the corporation is involved in any actions deemed to be illegal then the board both singularly and collectively, be held accountable in law.
Maybe this would cause some of them to stop and take a look at the consequences of their actions before embarking on some cowboy behaviour.

Another question I ask is why a private individual has different bankruptcy laws to that of the corporations. A Corporation can file for bankruptcy protection and still continue to trade etc. while an individual cannot.

]]> By: Marc Schlee http://www.prisonplanet.com/echoes-of-iraq-war-white-house-claims-bailout-will-pay-for-itself.html/comment-page-1#comment-47477 Marc Schlee Fri, 26 Sep 2008 02:30:05 +0000 http://www.prisonplanet.com/?p=2695#comment-47477 As long as all this stuff is going to pay for itself let's refuse to pay federal income tax in 2009. Problem solved. FREE AMERICA REVOLUTIONARY (DIRECT) DEMOCRACY As long as all this stuff is going to pay for itself let’s refuse to pay federal income tax in 2009.

Problem solved.

FREE AMERICA

REVOLUTIONARY (DIRECT) DEMOCRACY

]]> By: Thom Allen http://www.prisonplanet.com/echoes-of-iraq-war-white-house-claims-bailout-will-pay-for-itself.html/comment-page-1#comment-47158 Thom Allen Thu, 25 Sep 2008 18:08:43 +0000 http://www.prisonplanet.com/?p=2695#comment-47158 Governmental meddling will only make matters worse. Compare the depression of 1920-21, which few remember, with the depression of the 1930s. The government did not meddle in the depression of 1920-21. It was sharp but short-lived. The government interfered extensively in the depression of the 1930s. It lasted 10 years was deeper and worse than the earlier depression. (Most of Roosevelt’s programs were built on programs begun by Hoover. Hoover was no proponent of a free market economy. He was almost as much of a fascist as Roosevelt.) Governmental meddling will only make matters worse. Compare the depression of 1920-21, which few remember, with the depression of the 1930s. The government did not meddle in the depression of 1920-21. It was sharp but short-lived. The government interfered extensively in the depression of the 1930s. It lasted 10 years was deeper and worse than the earlier depression. (Most of Roosevelt’s programs were built on programs begun by Hoover. Hoover was no proponent of a free market economy. He was almost as much of a fascist as Roosevelt.)

]]> By: RayB http://www.prisonplanet.com/echoes-of-iraq-war-white-house-claims-bailout-will-pay-for-itself.html/comment-page-1#comment-47095 RayB Thu, 25 Sep 2008 17:02:02 +0000 http://www.prisonplanet.com/?p=2695#comment-47095 Expect this: .|.. Expect this: .|..

]]> By: rich http://www.prisonplanet.com/echoes-of-iraq-war-white-house-claims-bailout-will-pay-for-itself.html/comment-page-1#comment-47052 rich Thu, 25 Sep 2008 16:36:33 +0000 http://www.prisonplanet.com/?p=2695#comment-47052 more lies by the skimming scumers !!!!!!!!!!!!!! http://www.youtube.com/watch?v=lm_xX1Ur43I more lies by the skimming scumers !!!!!!!!!!!!!!

http://www.youtube.com/watch?v=lm_xX1Ur43I

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