Random Friday Thoughts, Including That There Ain't No Such Thing as Fair-Weather Capitalism

You seem to be the only one on fox who understands econ theor. Two books in my life have blown me away: Hayek: Rules & Order (Vol 1 of 3) & Freedom & the Law, Bruno Leoni. Your team keeps talking about the importance of "confidence." Well in a confidence game it is important & the world economy is based on paper money confidence is the only thing that matters. Sad day for our country. Sad that our leaders (and media)moan that the people don't understand. But the people do and it's the people who are willing to take on the burden of doing the right thing: correcting the bubble and our leaders want to hang on to their power & privilege.

"They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety."

We need to push now for criminal charges for the leaders of these institutions after we kick out the ones that voted for them.

What a very, very sad day for America. I give them about six months before they are back asking for more... maybe they will listen to the people then. To my kids: "I am so sorry."

Cody, Maybe you can straighten out some folks on the show today that no one seems to be pointing out. The 400+ page Senate-revised Paulson Plan is the pork! It was added to an existing appropriations bill passed by the House. It wasn't pork added to the plan, it was the plan added as pork. McBama voted for the largest pork ever! Vote third party. P.S. My representative stuck with his no vote today and I called and thanked him. One Senator is up for re-election and a libertarian is running against him - so I have another choice. P.S.S. The constitutional will of the people was sold for a 777 point drop in the DJIA. A sad day.

Maybe the bill is supposed to save main street, but has anyone given any thought to the fact that the very people who buy homes they cannot afford are not the ones who can afford to buy stock? I hope this bill backfires on all those politicians who voted for it,a dn Wall St as well.

Who cares about the presidential election now, focus must immediately shift to the undisputed highest position in the land, Secretary of Treasury, amazing and we can't even vote for this person. And this is different form China how? This may fade from the public eye, but people will write books about this situation. Not a Bush hater, but it really is amazing what we have been through as a nation under this President. It's really unbelievable. 1 SEC. 2. PURPOSES. 2 The purposes of this Act are— (1) to immediately provide authority and facilities that the Secretary of the Treasury can use to restore liquidity and stability to the financial system of the United States; and (2) to ensure that such authority and such facilities are used in a manner that— (A: 28.71, +0.57, +2.02%) protects home values, college funds, retirement accounts, and life savings; (B: 16.28, -0.45, -2.68%) preserves homeownership and promotes jobs and economic growth; (C: 18.10, -4.40, -19.55%) maximizes overall returns to the taxpayers of the United States; and (D: 42.19, +0.10, +0.23%) provides public accountability for the exercise of such authority. Thanks Cody for your voice on this.

Great, it passed and confidence has returned to the market, that was a close one. Red number are the good ones right?

I WANT TO GIVE UP. THIS IDIOTIC CONGERSS IS SO ENTRENCHED, EVEN THE BALLOT BOX NO LONGER MATTERS. THE "CAPS" ARE FOR A REASON. I no longer have a party I can vote with. Thanking you in advanced because the odds of being able to later is very up in the air, James F.

From this depressed, angry, sad and terrified, capitalism loving, free market supporting, conservative, freedom loving, naturalized american citizen with a history of voting republican, cuban-exile, I just want to say to you all. Good Luck "comrades". Welcome to where I was born. Things to remember in case you’re not suicidal enough McCain is the democrRATS favorite republican And Raul Castro, Hugo Chavez and Vladimir Putin all think Obama would better “lead” the USA

Keep up the fight, Cody... I am a small business owner that pays my taxes and pays my bills. I do not depend on a line of credit to make my payroll, but I depend on a free market system to make my profits. I live within my means and I save what I can. My investments and retirement plan have taken a significant hit, but both were calculated risks on my part. I do not require or request to be bailed out. I do not expect my neighbors to rescue me or to indemnify my losses. This is obviously not the prevailing sentiment in this country right now... a sad day for free market capitalism.

good job cody, call a socialist a socialist, it makes them very uncomfortable. if the people ( and it can only come down to people )whish for more money (which is the portable and physical representation of value earned) why should they be excused from having to reenter the work force from scratch and come up with their own money to start another venture? (like normal workers would do) let them risk their own cash not the people that work and pay taxes. So how many more hours, days and years must i work to further the needs of these clowns/bums. it is more acceptable to be robbed on the street as there is no confusion about motive and rights, at least the possibility of legal redress through the courts and penal system is available for me. the clowns and bums of socialism are about to point their courts and guns at myself and family, where do we go & what can we do when they are willing to use force against us. so first to be robbed then enslaved, what happens to me if they can no longer get anything out of me?

Give 'em HELL Cody! We need people like you holding these people accountable. You sound like a member of the John Bircher's. My family loves you.

Cody, I've been watching you on Happy Hour today and I'm glad to see you're not letting anyone there forget that this is socialism. And I wish they would stop referring to it as a "rescue" plan and use the more correct "fleecing/bailout". With the Repubs agreeing with the Dems on socialism (only disagreeing about the speed at which to travel toward it) I'm even happier to be voting Libertarian.

Thank goodness THE bill has passed. Now the federal govt can bail out my IRA, my 401k, and my wife's accounts. Kind of makes me regret staying current on our mortgage---they could have paid that for me also! Proud (NOT) resident of the USSA

CRA=Capital Re-allocation Act

Comment: Comment by j t (r-co) I like your idea of defecting. Can someone provide a list of safe Mom and Pop banks not involved with being bailed out? Also, I say the autos are next to be bailed, GM.

"We have acted boldy" That is what Bush said. The only thing done boldy was the screwing of the Americans who pay their bills know what they can afford and don't let plastic rule our lives. I have said in other chat forums that if my Rep. voted yes then I'll vote no on them. It might not be a solution to the problem but it's a start. My wife and I would be open to any non-violent revoulationary ideas that folks in the same position as us would have. This is a sad day and we are mad as hell.