Whoa! And now I am impressed with the Obama Administration!

This IS good news!! I think Obama has been pretty 'upfront' with issues. He even admits, "the solution isn't going to happen overnite", ( talking about the Economy mostly).

frankly i have been super mad about bailing these guys out.?? Any other company in the us has to go bankrupt why is it that the banks and auto industry keeps getting bailed out?? i under stand jobs and sort, but its getting a little rediculas.?? Frankly no one can afford to purchase american, atleast were i live unless your are purchasing a used one.?? it makes mathamatical sense, spend 40,000 american with 5 year warranty and a gas hog, or spend 10,000?? on a fuel efficiant car with 100,000 mile warranty.?? Gee if i was in the market for a new car its pretty easy what i would purchase

I'm not juming for joy over the bail outs either, makes me want to scream!

I am still waiting to be bailed out of payday loans lol

Bail me out! i have debt that i cant pay!?? Were do i get in line! Bail me out! BAIL ME OUT BAIL ME OUT!
Did you hear that the p0rn industry is looking for bail out now??? they create JOBS they are a multi billion dollar industry.?? Some one quick bail them out I NEED MY P0RN AND SO DOES MY HUSBAND! We gotta keep these girls in jobs!
give me a break

Heck with the bail-out. I am still waiting for the "spread the wealth" I want my share of money from the rich man. LOL
yeah right now we enter the government that controlls EVERYTHING

yeah that was a joke wasnt it?? spread the wealth!?? i sure am gonna get rich here and buy a mansion on the hill because of my extra 15.00 a week we will be recieving.
Frankly this whole thing just stinks like yesterdays garbage. And frankly i dont want the money of the guy who actually did well for himself making 500,000 a year who spent thousands on education and made something of himself.?? Isnt that the american dream??? work hard live well? So these guys did what they had to do to make a good life, now they have to give it back.
Frankly in my area our family makes the average income 30,000-40,000 a year.?? We are not getting rich but it would really anger me to have to give some of it to say someone making 20,000 a year or less just because.
??

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???I believe that banking institutions are more dangerous to our
liberties than standing armies???if the American people ever allow
private banks to control the issue of currency...the banks and
corporations that will grow up around them will deprive the people of
all property until their children will wake up homeless on the
continent that their fathers conquered.???
??? Thomas Jefferson

chrys, im impressed with your knowledge, I wish i new more. I will hear something like your quotes and forget them later.?? I wish i could remember stuff like this.
From what i understand without the bailouts the manufacturers would have had to file bk,and regroup.?? They wouldnt have shut down.?? Whats wrong with that? millions of businesses do it everyday K mart, big lots, etc?? Alot of these companies do better know than ever.

Actually, knowledge and memory are two different things. I have a very bad memory, but at the same time I am a walking encyclopedia so I think of situations in a very multifaceted way - both from book knowledge and experience, and then I research in order to back it up. In some way, you can call it an appeal to authority, but on another level it enforces the message, especially such contentious and controversial messages as this thread.

So, I can't remember all these quotes either. Have you ever been at a small party/get-together and got on a roll of joke delivery? Some people have an impressive memory so they have a handy list at hand. Not me. I struggle to remember just a handful.

So, if you have a great memory but are not naturally intelligent, you can still get university degrees and a promising career. I have known a Princeton educated psychologist (he even taught there) that didn't know beans about *people*. I don't care how many anecdotes you can tell me, I have quite a list of them myself, thank you (referring to this type). Many management types are like that, too. I'm sure you've met at least a few. MBAs from Harvard or wherever, they always have an array of stats and anecdotes of what other people did in order to beat you over the head with them and make you look and feel small. Of course, this type is aware of his inadequacy and is compensating for it by acting like an a*hole so no one will - hopefully - figure out his/her inadequate intelligence. Incidentally, this is a reason why Mensa suggests that you do not note Mensa membership on your resume if you have it, as you will likely be the most intelligent person in the company - even if you don't have any degrees and they have a list.

But anyway, I just look on Google for most of the specifics. For instance, in a personal conversation I will say such and such, and if it flies in the face of commonly accepted belief, you sometimes get challenged on it. Without a good memory, you cannot say "well such and such respected author, considered an authority on the subject, says 'blah, blah' so I must at least be on the right track."

I find them because I know what I am looking for, and I spot things fast. (Although combing through law codes and attorney blogs can be time consuming, I have taken 3 hours on a post or two.)

Yes, Chapter 13 is only reorganization. They would not file for bankruptcy because it will affect the stock market and since gamblers - oops, I mean investors - have a stranglehold on nearly everything it seems (it isn't all the media and the banks)! The stock market is an unmitigated disaster and should be closed immediately.

Anyway, if it is off the top of my head I will not be so specific about quotes, I will just say that Ben Franklin said that a penny saved is a penny earned, for example. A proclamation requires documentation!

A large part of what is necessary for intelligence is curiosity and open-mindedness, so please give yourself a lot more credit! You are more intelligent than the average American, and it shows because your life is reasoned out by you and that not only requires self confidence, but also natural intelligence. (And it is a muscle, you can exercise it. For a brilliant and artistic/entertaining way to stretch your brain you only need one book: the Pulitzer Prize winning "Godel, Escher, Bach" by Douglas Hofstadter.)

And another good trick is to write well crafted sentences. It really helps. Even if I am in a chatroom, I don't go for all those shortcuts and run-on sentences. The most I do is ignore the caps and abbreviate a little! But its a psychological reinforcement with a feedback loop. Crafting sentences well not only looks good and impressive, it also challenges you to learn not only grammar and etiquette (we could use a LOT more ladies and gentlemen, and they usually communicate well), but you become more concerned with the accuracy of what you are writing.

Now, that said, I am not used to writing in a forum, this is a new experience for me, and in time I will hone my skills which will help on so many levels. But I like expanding my boundaries, a day spent without learning something is a day wasted.

Chin up!! :D

In a true capitalist country,a company lives or dies by it's bottom line. I feel all these bail outs are going to harm us for a long time. I own a Nissan because it runs which I can say is better than some of the US garbage I have dealt with over the years.

I don't agree with any of these bail outs. I think that these companies should have been allowed to fall, I understand that it immediatly hurts Americans, but I think the lessons learned would be invaluable to the long term health of our nation. As a nation we are at our best in the worst of time but that is also times for very bad things to happen even if they look pretty and shiney on the outside.

I don't don't agree with the government buying into business or being able to run and make decisions for any company other than government and state business. This is a scary thing that's going on and while the short sight looks good it's the long sight that is a huge mess.

All in all Obama is trying to make a difference and is being pro-active about it instead of being reactive like previous presidents. We will see what results come from this in a year or two, but in the mean time everyone can make shallow judgements be it positive or negative.

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I'm still impressed with the actions Obama took with the GM - CEO resignation thing!

yea me too, did you hear that some of these banks want to give the money back and the gov wont let them? The obama administation wants thier hands into it thats why they want to have a say as to how the banks run business. They referred to it on fox news yesterday say you take a loan out at the bank for 50,000 and you come into some money next month and pay it off, and the bank says no you cant your not allowed. How is that right? Thats our money they want to give back and the gov says no.

They want to be able to hire and fire who ever they want, when they want. They want to be able to control what types of loans the banks give, or how much they give. And frankly its scaring me how much control they are starting to have. When the president of the united states can fire a ceo of a business, what will be next?

Not that im impressed with this guy he fired, but you must be concerned as to how much power the government is getting these days.

Well call me an old fuddy-duddy but I cannot be impressed when someone in such a position of responsibility actually does something, well, responsible. If he fires the CEOs of the major credit card companies, THEN I would be impressed!!! :) I'm still impressed with Reagan when he fired the air traffic controllers way back when (and, no, I am not a fan of Reagan, I find him largely responsible for the current financial industry stranglehold).

--
The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance. -- Cicero~55 BC

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Well now that you put it that way, i would agree! listen i had this guy tell a poster the other day that he was robbing the creditors by not paying his credit card bill. Dont you think 30% interest is robbery??? i do be live there should be some serious regulation, im just not sure how to go about it without hurting other business owers rights. Im concerned that at some point that these rules and regulations would effect joe the plummer and how much he charges to fix a leaky faucet. It all seems to just flow down hill.

I most certainly do. I think there should be a 12% cap for accounts over 5 years, and 18% for those under 5 years.

In Buddhism there is the concept of the preta, translated from the Japanese & Chinese as "hungry ghost". This is a creature with massive distended belly, very skinny legs, very skinny throat, and small mouth. They are always ravenous and can never fill their enormous bellies. This monster is the perfect iconographic representation of these financial vampires such as usurious credit cards, unethical collection agencies, and the vast majority of PDLs.

"http://en.wikipedia.org/wiki/Hungry_ghost"

I don't understand how telling credit cards that they cannot charge unethical and usurious interest rates translates to Joe the Plumber.

And, speaking of trickle-down, it was the Democrat controlled House during the Reagan years that introduced and passed massive tax cuts for the very wealthy. They naively believed that if you give a wealthy man more wealth, he will use that wealth to build industry and create new jobs. He certainly wouldn't use it to buy overpriced homes and cars and Senators! Oh no, god forbid!

The only thing that really trickled-down was the level of quality of goods sold. Now we get machine stamped plastic goods that are little more than garbage and last about as long without falling apart. The concept of Quality has been thrown out the window and replaced with quantity. Every once in awhile the quality is lessened even more in a "New Improved!" version that is even closer to garbage than product, and with a higher price! And market saturation! You really must have this! Imagine how delighted your children would be! I care for you so much I'll give you this cheap plastic piece of crap just to prove it! ....

Oh, I could go on.....