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Thread: Saxby Chambliss retirement triggers scramble for seat

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    Saxby Chambliss retirement triggers scramble for seat

    Saxby Chambliss announces retirement, triggers scramble for Georgia Senate seat - POLITICO.com

    I would like to see Paul Broun run for his seat. The only viable Democrat that hasn't ruled out running is Kassim Reed.
    "I have never understood why it is "greed" to want to keep the money you have earned but not greed to want to take somebody else's money." -Thomas Sowell

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    Re: Saxby Chambliss retirement triggers scramble for seat

    Quote Originally Posted by Bigfoot 88 View Post
    Saxby Chambliss announces retirement, triggers scramble for Georgia Senate seat - POLITICO.com

    I would like to see Paul Broun run for his seat. The only viable Democrat that hasn't ruled out running is Kassim Reed.
    I see Broun as a Ken Buck, Richard Mourdock type. Turning a safe seat into a losable one.
    There should be Instant Runoff Voting

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    Re: Saxby Chambliss retirement triggers scramble for seat

    Quote Originally Posted by Anagram View Post
    I see Broun as a Ken Buck, Richard Mourdock type. Turning a safe seat into a losable one.
    I'll take the risk. He wants to abolish the Fed and get out of the U.N.

    2014 will be a bad year for Democrats and they really don't have any viable candidate in Georgia.
    "I have never understood why it is "greed" to want to keep the money you have earned but not greed to want to take somebody else's money." -Thomas Sowell

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    Re: Saxby Chambliss retirement triggers scramble for seat

    Quote Originally Posted by Bigfoot 88 View Post
    I'll take the risk. He wants to abolish the Fed and get out of the U.N.

    2014 will be a bad year for Democrats and they really don't have any viable candidate in Georgia.
    I just don't want to see another easily won seat lost. Indiana, Delaware, Colorado, Missouri, Nevada, and possibly North Dakota all punted away in the last four years. Georgia's probably a safer bet than any of those, especially with the Democrats' short bench there, but I'm a little wary of running out another candidate with a penchant for provocative statements.
    There should be Instant Runoff Voting

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    Re: Saxby Chambliss retirement triggers scramble for seat

    Quote Originally Posted by Anagram View Post
    I just don't want to see another easily won seat lost. Indiana, Delaware, Colorado, Missouri, Nevada, and possibly North Dakota all punted away in the last four years. Georgia's probably a safer bet than any of those, especially with the Democrats' short bench there, but I'm a little wary of running out another candidate with a penchant for provocative statements.
    I support auditing the Fed, not abolishing it, however, I do support leaving the UN, or at the very least, giving funding on parity with other nations. I think Georgia is safe GOP territory, though.

    For now..



    Tim-
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    Re: Saxby Chambliss retirement triggers scramble for seat

    Quote Originally Posted by Hicup View Post
    I support auditing the Fed, not abolishing it, however, I do support leaving the UN, or at the very least, giving funding on parity with other nations. I think Georgia is safe GOP territory, though.

    For now..

    Tim-
    The Fed is already audited. The results are available online...
    I don't often change my signature, but this was just too over the top to let anyone forget with what this country is up against...
    Quote Originally Posted by James D Hill View Post
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    Re: Saxby Chambliss retirement triggers scramble for seat

    Quote Originally Posted by AlabamaPaul View Post
    The Fed is already audited. The results are available online...
    The first top-to-bottom audit of the Federal Reserve uncovered eye-popping new details about how the U.S. provided a whopping $16 trillion in secret loans to bail out American and foreign banks and businesses during the worst economic crisis since the Great Depression. An amendment by Sen. Bernie Sanders to the Wall Street reform law passed one year ago this week directed the Government Accountability Office to conduct the study. "As a result of this audit, we now know that the Federal Reserve provided more than $16 trillion in total financial assistance to some of the largest financial institutions and corporations in the United States and throughout the world," said Sanders. "This is a clear case of socialism for the rich and rugged, you're-on-your-own individualism for everyone else."

    Among the investigation's key findings is that the Fed unilaterally provided trillions of dollars in financial assistance to foreign banks and corporations from South Korea to Scotland, according to the GAO report. "No agency of the United States government should be allowed to bailout a foreign bank or corporation without the direct approval of Congress and the president," Sanders said.

    The non-partisan, investigative arm of Congress also determined that the Fed lacks a comprehensive system to deal with conflicts of interest, despite the serious potential for abuse. In fact, according to the report, the Fed provided conflict of interest waivers to employees and private contractors so they could keep investments in the same financial institutions and corporations that were given emergency loans.

    For example, the CEO of JP Morgan Chase served on the New York Fed's board of directors at the same time that his bank received more than $390 billion in financial assistance from the Fed. Moreover, JP Morgan Chase served as one of the clearing banks for the Fed's emergency lending programs.

    In another disturbing finding, the GAO said that on Sept. 19, 2008, William Dudley, who is now the New York Fed president, was granted a waiver to let him keep investments in AIG and General Electric at the same time AIG and GE were given bailout funds. One reason the Fed did not make Dudley sell his holdings, according to the audit, was that it might have created the appearance of a conflict of interest.

    To Sanders, the conclusion is simple. "No one who works for a firm receiving direct financial assistance from the Fed should be allowed to sit on the Fed's board of directors or be employed by the Fed," he said.

    The investigation also revealed that the Fed outsourced most of its emergency lending programs to private contractors, many of which also were recipients of extremely low-interest and then-secret loans.

    The Fed outsourced virtually all of the operations of their emergency lending programs to private contractors like JP Morgan Chase, Morgan Stanley, and Wells Fargo. The same firms also received trillions of dollars in Fed loans at near-zero interest rates. Altogether some two-thirds of the contracts that the Fed awarded to manage its emergency lending programs were no-bid contracts. Morgan Stanley was given the largest no-bid contract worth $108.4 million to help manage the Fed bailout of AIG.

    A more detailed GAO investigation into potential conflicts of interest at the Fed is due on Oct. 18, but Sanders said one thing already is abundantly clear. "The Federal Reserve must be reformed to serve the needs of working families, not just CEOs on Wall Street."

    Hehe.. Reporting a conflict of interest would convey an appearance of a conflict of interest..

    I mean, no way. I swear, it's like they think we're all stupid.


    Tim-
    “When buying and selling are controlled by legislation, the first things to be bought and sold are legislators.” - P. J. O’Rourke
    “Socialism is great until you run out of someone elses money” Margaret Thatcher

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    Re: Saxby Chambliss retirement triggers scramble for seat

    Quote Originally Posted by Hicup View Post
    Hehe.. Reporting a conflict of interest would convey an appearance of a conflict of interest..

    I mean, no way. I swear, it's like they think we're all stupid.


    Tim-
    My problem lies in calls to audit the Fed when it's already being done. What Ron Paul was asking for was access to its meeting discussions which I have no issues with...
    I don't often change my signature, but this was just too over the top to let anyone forget with what this country is up against...
    Quote Originally Posted by James D Hill View Post
    I am for gay marriage because it ticks off Jesus freaks and social conservatives. Gays are also good voters because the vote for my side so I fight next to them.

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    Re: Saxby Chambliss retirement triggers scramble for seat

    Quote Originally Posted by Anagram View Post
    I see Broun as a Ken Buck, Richard Mourdock type. Turning a safe seat into a losable one.
    Yep, we libs have come to love retiring mainstream Republicans. It seems to open up otherwise out-of-reach seats for Democratic consumption.

    Quote Originally Posted by Bigfoot 88 View Post
    I'll take the risk. He wants to abolish the Fed and get out of the U.N.

    2014 will be a bad year for Democrats and they really don't have any viable candidate in Georgia.
    Yep, run on getting the US out of the UN and abolishing the fed and you will turn this into a slam-dunk for the Dems...

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    Re: Saxby Chambliss retirement triggers scramble for seat

    Quote Originally Posted by Bigfoot 88 View Post
    Saxby Chambliss announces retirement, triggers scramble for Georgia Senate seat - POLITICO.com

    I would like to see Paul Broun run for his seat. The only viable Democrat that hasn't ruled out running is Kassim Reed.
    I would love to see that too, it means that we could have a blue senator in Georgia!
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