Mark Souder takes the “big government” stance AGAIN
Posted by Mike Sylvester - 9/23/08 @ 3:29 pm - Filed Under 2008 National Elections, Featured, Local Politics, National Politics
You should read today’s piece in the News Sentinel written by Bob Caylor. It discusses the views of all three candidates for Indiana’s 3rd Congressional District on the current bailout being considered by Congress.
On this blog several commenters have taken exception to the fact that I am voting for Libertarian William Larsen rather then “big Government” Republican Mark Souder this fall.
This article shows just one more reason why I cannot vote for Mark Souder for Congress.
I have posted a lot about the Socialist bailout of Wall Street on this blog and everyone reading this blog knows that I oppose it and why I oppose it.
Per the piece Libertarian Larsen opposes the bailout package.
Per the piece Democrat Montagano says “he would not support such a bailout unless benefits for more individuals are added.”
Per the piece Republican Mark Souder says “some type of bailout is necessary…”
Further he says that after consultations with experts from Bank of America and JP Morgan Chase that “Federal support is needed unless you want to lose every bank in your district.”
What a complete load of BS.
Mark Souder should go and consult with local banks in his district rather then large banks located in New York who are poised to gain the most from this bailout. Mark Souder should call some local financial planners, CPA’s, bankers, etc. I talked to two other CPA’s today and three certified financial planners today. All six of us oppose the bailout in Washington DC. We all live in Mark Souders District and we are all small business owners in Mark Souder’s Congressional District.
Rather then talk to us he chooses to talk to Bank of America and JP Morgan.
I will be voting for Libertarian Larsen for Congress.
This piece shows yet another reason why.
Mark Souder is a “big government” Republican that has no grasp of economics.
Mike Sylvester
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8 Responses to “Mark Souder takes the “big government” stance AGAIN”
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I read in the N.S. the government wants to include a “golden parachute” as part of the bail out. Nothing like accountability.
Sylvester for Congress 2010
If you go back to part 4 of your reasons why we are in this mess, we should blame taxpayers with mortgages, which is a lot of taxpayers. Now we’re saying we don’t want taxpayers to be on the hook for the bailouts. Please explain.
Evert,
In part four I am saying part of the reason we are in this mess is because Americans have incurred way too much mortgage debt. 90 - 95% of those Americans are paying their mortgages timely, the rest have caused the mess.
The bailout does not bail anyone out except the Wall Street Firms who made the bad loans. It makes no sense.
Mike
Mike,
I have no clue from my view point if 700 billion is over inflated or not. Maybe it is closer to 200 billion that will really be needed. Or maybe 1 trillion dollars on the other end.
I am getting tired of hearing people say no loan period. Yet, if this thing crashes they are going to come up with a new excuse for their stand. Like, the President should have said this then I would have understood. Or congress should have known…. Talk is cheap!
So Mike, you are fully 150% prepared to stand up and be counted if this loan package goes down the tube and the econ. of the United States tanks? We will hear no excuses or blame on others? You will fully support the fallout as it comes raining down? You will give your last dollars to others who suffer from this and had no making in it?
I urge all of you to find an attorney who works in the bankrutcy field. Ask they about how these mortgages got written. It was not so much the little guy biting off more then he could chew. He go screwed over by small time mortgage brokers and real estate agents.
While a person may not have the net worth to afford a house does not make him stupid or a thief!!!!
We have yet to get our arms around this bear and yet we all want to pass judgement on what should be done. Thank goodness, at least a doctor runs a series of tests before he cuts a person open…
This reminds me of shootiing first and asking questions later. Yes, I think Bush may be suffering from this but likewise I think people reacting like your position are just as bad.
Then we have the group that wants some plan to fly but want a bunch of earmarks and special conditions added onto the package that does not directly relate to the matter at hand.
JQ,
Let me say it again, “no loan period.”
There is absolutely no reason to bail out companies that made bad loans, it is abusrd and it is socialist.
We can change the “mark to market accounting” and take care of almost the entire problem. I have another post up with my suggested solutions.
If this results in a recession I am ok with that JQ. Recessions are a NORMAL part of the economic cycle. Recessions have always been part of the normal economic cycle.
This nation has accumulated too much debt as have businesses and consumers. At some point there will be a correction, why not now?
And the Bush Administration just came out and said we need 700 billion or the world is going to come crashing down around us. Give me a break. It is absurd.
We need a recession and a correction. Bailing people out will just defer the recession a few years and make it wrose. I would rather deal with it now rather then give it to my kids and grandkids to deal with.
Mike Sylvester
A recesssion is normal and I agree as I have lived through many of them. However, as greed at all levels from the single share stockholder, to the mutal funds managers, to the stock brokers, to the board members of companies, and to the CEO that has gotten us here. It use to be if you made 7% a year on investments it was a very good year. In 10 years you doubled your money.
But we got to the point that the forementioned wanted 12%, then 16% and now to whatever we could suck off of it. Everyman for himself. I don’t recall much debate of anyone saying there 401K account was making tooooooooooo much money…
As for cooking the books is what got us here. The same accountants that are now going to fix it. Most CEO are not accounting people. They got the ideas from accounting people how to make a $2 bill to look like a $10 bill… So go figure…
You may be right on the 700 billion being a scare move as a way of Bush taking care of his buddies on the way out the door. But what if you are wrong?
Recession is your neighbors depression. I wonder how long you would enjoy a recession if you lost your home and was out of work for a year or two.
Again Mike, I ask the question is what happens if your thoughts are wrong? What if the Feds know more then they can make public without crashing the market before they get a chance to fix it?
One has to be prepared to answer that very question before throwing everything else out.
J.Q.
My backup plan is the free market J.Q.
If we need a receesion then we will have a recession and times will be tough.
That is how a free market works.
Mike Sylvester