The end of America is near. May God help us.

Adam Smith you piece of crap when are you going to grow a pair? Your a disgrace you soft soul. You should be voted out.

"A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury, with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship."

"The average age of the world's greatest civilization has been two hundred years. These nations have progressed through this sequence: From bondage to spiritual faith; from spiritual faith to great courage; from courage to liberty; from liberty to abundance; from abundance to complacency; from complacency to apathy; from apathy to dependence; from dependence back again into bondage."

The above two paragraphs were written in 1787 by a Scottish historian named Alexander Tyler. Just a little over 200 years ago. Scary isn't it!

I offer the following link to an analysis done by Snopes about this quotation.

http://www.snopes.com/politics/quotes/tyler.asp

This demonstrates the bipartisan ignorance of our state delegation.

If the opponents of the bailout do so because they believe the banking and financial institutions of the U.S. economy are secure, that's one thing. That's an issue for debate, and a case can be made either way.

But if they oppose it on the grounds of "bailing out millionares" or "it doesn't do anything for ordinary homeowners", that is the height of ignorance.

The bailout's rationale is to prevent a credit crisis that will prevent businesses and ordinary people like you or me from borrowing money. It also has an objective of heading off a massive rash of bank failures. If the banking system collapses, we will have the Great Depression of 2010. Any economic slowdown you've experienced in the past 60 years will be nothing compared to what will happen if people lose confidence in the banking system.

Remember, even the most conservative banks have more money out in investments than they store in deposits. *Every and any* bank will collapse if people lose confidence in the bank and pull their money out. A rash of bank failures is exactly the trigger for a domino effect that would kill off healthy banks as well as bad banks.

Right now, the State of California can't borrow money to fund their state operations (7 billion worth.) So it's not a matter of "big business" or Donald Trump trying to get money to buy a yacht. It's states and cities getting financing for projects. It's you using your credit card or getting a car loan.

So, if they oppose it because they think there is no credit crisis, fine. I hope they're right. But if they oppose it off of half-baked homilies and the pressure of the mob scaring them, then they have no business leading this country. They're part of the problem, not the solution.

There is no reason to socialize our financial system. This could have been solved by slashing and I mean slashing the capital gains tax, suspending mark to market (this is what would have happened with the S&L bailout of 80s and 90s if Mark to Market had been in place then) and slash the corporate income tax. Money would be pouring into the market. The fact that we have now put these lying crooks in charge (congress)of cleaning up the mess they helped create is disgusting. And for you liberals who say tax the rich, tell me one poor person who started a company and hired employees? A free market solution would help all of us and fill the goverment's tax coffers at the same time. Supply side economics. Learn it, love it, live it. It works every time it's tried.

Disgusting! People in the Congress should be investigated tried and hung!
As for Arnold begging for money. let him get it from Mexico since California is supporting its population! I left California in 07 the place is a cess pool. No worries, Washington will soon be one also if we keep giving foriegners all the bennies in the world.

Thanks to bloodhound for the link to analysis of the Tyler quotations. I looked this quotation up solely because I recalled hearing part of it some years ago. It has been around for awhile. When I first heard it it didn't mean a heck of a lot but I remember when and where I heard it. It was in Economics 101 taught by Dr. Charles T. Battin, College of Puget Sound, in 1951. Whether or not Tyler made the remarks it certainly means something now.

Adam Smith -

Well folks when is the re-election for this clown... He is in our area - and as I told him - he is supposed to represent the VOICE of the people who vote him into office. Those interested - let me know - he is OUT...

Perhaps he is closer to Barney Frank than we know?
You're not going to read about this in the NY Times.

http://www.foxnews.com/story/0,2933,432501,00.html

Bart Heimsness
Graham, WA