Comments on: Just say “No” to the bailout http://blog.mischel.com/2008/09/25/just-say-no-to-the-bailout/ Musings on technology and life Tue, 06 Jan 2009 07:36:29 +0000 http://wordpress.org/?v=2.7 hourly 1 By: Jim http://blog.mischel.com/2008/09/25/just-say-no-to-the-bailout/comment-page-1/#comment-4423 Jim Tue, 30 Sep 2008 17:09:49 +0000 http://blog.mischel.com/?p=238#comment-4423 Every President has proposed legislation. It's not uncommon at all. The President tells Congress what he wants done, sometimes more formally than others. Congress is free to work from the President's draft legislation, write their own, or ignore the President's request. Every President has proposed legislation. It’s not uncommon at all. The President tells Congress what he wants done, sometimes more formally than others. Congress is free to work from the President’s draft legislation, write their own, or ignore the President’s request.

]]> By: Darrin Chandler http://blog.mischel.com/2008/09/25/just-say-no-to-the-bailout/comment-page-1/#comment-4422 Darrin Chandler Tue, 30 Sep 2008 15:57:36 +0000 http://blog.mischel.com/?p=238#comment-4422 You got your "no" after all! I'm confused about something here, though. Isn't this completely within the bailiwick of congress? Why is the executive branch throwing legislation to congress and telling them to pass it? You got your “no” after all!

I’m confused about something here, though. Isn’t this completely within the bailiwick of congress? Why is the executive branch throwing legislation to congress and telling them to pass it?

]]> By: Kim http://blog.mischel.com/2008/09/25/just-say-no-to-the-bailout/comment-page-1/#comment-4408 Kim Mon, 29 Sep 2008 16:27:26 +0000 http://blog.mischel.com/?p=238#comment-4408 That three page proposal was a dream compared with what they finally settled upon... 110 pages of partisan politics. That three page proposal was a dream compared with what they finally settled upon… 110 pages of partisan politics.

]]> By: Michael Covington http://blog.mischel.com/2008/09/25/just-say-no-to-the-bailout/comment-page-1/#comment-4390 Michael Covington Sun, 28 Sep 2008 00:01:02 +0000 http://blog.mischel.com/?p=238#comment-4390 Harvard economist Greg Mankiw, who is a conservative and would be expected to be against this, points out that Bernanke and co. have better information than the rest of us, and aren't fools. See <a href="http://gregmankiw.blogspot.com/2008/09/if-i-were-member-of-congress.html" rel="nofollow">this</a> and generally have a look around his blog. Harvard economist Greg Mankiw, who is a conservative and would be expected to be against this, points out that Bernanke and co. have better information than the rest of us, and aren’t fools. See this and generally have a look around his blog.

]]> By: Darrin Chandler http://blog.mischel.com/2008/09/25/just-say-no-to-the-bailout/comment-page-1/#comment-4373 Darrin Chandler Thu, 25 Sep 2008 16:13:09 +0000 http://blog.mischel.com/?p=238#comment-4373 You're making a lot of sense, and I'm on the same page. The only point I'm having trouble with is that a free market correction would be so short term. I do believe the market would correct itself without outside intervention, but it seems to me that it would take years and that things could get very, VERY bad in the meantime. You’re making a lot of sense, and I’m on the same page.

The only point I’m having trouble with is that a free market correction would be so short term. I do believe the market would correct itself without outside intervention, but it seems to me that it would take years and that things could get very, VERY bad in the meantime.

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