WALL STREET "BAILOUT"

[charamath]

I'm glad it passed. Most people opposing it that I've talked to truely have no fricken clue what it actually is. They think it's just giving money to the big guys. What they don't know is that part of the deal is that the 'big guys' lose their jobs, and their companies are in debt to the government for 30% interest the moment they turn a profit. This is to prevent what happened during the Great Depression, where a bunch of big businesses took advatange of the choas to buy out everyone and create a monopoly where no one could get a loan. IDK about you, but I need a student loan, and I don't want to have to sell my liver to get one.

Once this takes effect, any inflation caused is erased by the interest. It may be drastic and iffy, but in all honesty, I don't see any other way working. Everyone bitches that the money should go to the average joe- but let me ask you- in this economy what would that average joe do? He'd pocket the money instantly out of fear and never re-invest it. And also, think twice before pinning it all on Bush, it just shows how little an effort has been invested in doing something other then pointing fingers instantly. Much of this is left-over from Clinton's mess (which had us in a recession that Bush pulled us out of, mind you) and much of this didn't start until our party majority switched in the House and Senate.  

[Lil Brat]

It's along the same vein of balancing the budget on the low-income taxpayers back ~ not a big surprise there... The top dogs get out of a failed company and how much did they get in separation packages... and now my tax$$$ should bail them out... I didn't borrow more $ than I make for a house that was more house than I needed in the first place.... GAH crying

Yes, Charamath ~ this has been coming on for a while now... and multiple people have ownership of it... However, as the Average Joe/Jill... I'm a little tired of being fiscally responsible with my own budget and doing without, only to see my taxes get jacked up again for those who aren't...

*Meanders off to stick a fork in my eye ~ it will hurt less*  

[shall she sail seas]

charamath

I'm glad it passed. Most people opposing it that I've talked to truely have no fricken clue what it actually is. They think it's just giving money to the big guys. What they don't know is that part of the deal is that the 'big guys' lose their jobs, and their companies are in debt to the government for 30% interest the moment they turn a profit. This is to prevent what happened during the Great Depression, where a bunch of big businesses took advatange of the choas to buy out everyone and create a monopoly where no one could get a loan. IDK about you, but I need a student loan, and I don't want to have to sell my liver to get one.

Once this takes effect, any inflation caused is erased by the interest. It may be drastic and iffy, but in all honesty, I don't see any other way working. Everyone bitches that the money should go to the average joe- but let me ask you- in this economy what would that average joe do? He'd pocket the money instantly out of fear and never re-invest it. And also, think twice before pinning it all on Bush, it just shows how little an effort has been invested in doing something other then pointing fingers instantly. Much of this is left-over from Clinton's mess (which had us in a recession that Bush pulled us out of, mind you) and much of this didn't start until our party majority switched in the House and Senate.

Aye, but now I'm really confused....
http://www.csmonitor.com/2008/0915/p16s03-wmgn.html  

[squazilla]

http://www.pbs.org/moyers/journal/09192008/watch2.html  

[Harbone]

charamath

I'm glad it passed. Most people opposing it that I've talked to truely have no fricken clue what it actually is. They think it's just giving money to the big guys. What they don't know is that part of the deal is that the 'big guys' lose their jobs, and their companies are in debt to the government for 30% interest the moment they turn a profit. This is to prevent what happened during the Great Depression, where a bunch of big businesses took advatange of the choas to buy out everyone and create a monopoly where no one could get a loan. IDK about you, but I need a student loan, and I don't want to have to sell my liver to get one.

Once this takes effect, any inflation caused is erased by the interest. It may be drastic and iffy, but in all honesty, I don't see any other way working. Everyone bitches that the money should go to the average joe- but let me ask you- in this economy what would that average joe do? He'd pocket the money instantly out of fear and never re-invest it. And also, think twice before pinning it all on Bush, it just shows how little an effort has been invested in doing something other then pointing fingers instantly. Much of this is left-over from Clinton's mess (which had us in a recession that Bush pulled us out of, mind you) and much of this didn't start until our party majority switched in the House and Senate.

That's kinda like saying that the hole in the ozone layer will be cancelled out by increased smog, isn't it?

And may I point out that "Clinton's Mess," as you put it, was actually a prosperous economy with a stable interest rate and the first surplus our country's budget had garnered in years.

Actually, both Bush Sr. and Bush Jr. plunged this country into recessions. I don't really mind thinking twice about pointing that finger because I can remember it. I also remember things improving under Clinton and having a good job under Clinton. As opposed to, for instance, right now. Or for the last five years.

May I also point out that a bunch of big businesses, Chase being the most galling example, are buying smaller concerns which have benefited consumers for the past decade or so.  

[Under Korpens Vinger]

Violent-Squirrel

Let this be a lesson to all countries. Next time your President starts a fake war and rigs an election to get back in power, KILL HIM FOR THE LOVE OF GOD! I blame the Idiots of America...You know who you are! As for the bailout. Screw the corprate world!

No friggin doubt.  

[Under Korpens Vinger]

Harbone

charamath

I'm glad it passed. Most people opposing it that I've talked to truely have no fricken clue what it actually is. They think it's just giving money to the big guys. What they don't know is that part of the deal is that the 'big guys' lose their jobs, and their companies are in debt to the government for 30% interest the moment they turn a profit. This is to prevent what happened during the Great Depression, where a bunch of big businesses took advatange of the choas to buy out everyone and create a monopoly where no one could get a loan. IDK about you, but I need a student loan, and I don't want to have to sell my liver to get one.

Once this takes effect, any inflation caused is erased by the interest. It may be drastic and iffy, but in all honesty, I don't see any other way working. Everyone bitches that the money should go to the average joe- but let me ask you- in this economy what would that average joe do? He'd pocket the money instantly out of fear and never re-invest it. And also, think twice before pinning it all on Bush, it just shows how little an effort has been invested in doing something other then pointing fingers instantly. Much of this is left-over from Clinton's mess (which had us in a recession that Bush pulled us out of, mind you) and much of this didn't start until our party majority switched in the House and Senate.

That's kinda like saying that the hole in the ozone layer will be cancelled out by increased smog, isn't it?

And may I point out that "Clinton's Mess," as you put it, was actually a prosperous economy with a stable interest rate and the first surplus our country's budget had garnered in years.

Actually, both Bush Sr. and Bush Jr. plunged this country into recessions. I don't really mind thinking twice about pointing that finger because I can remember it. I also remember things improving under Clinton and having a good job under Clinton. As opposed to, for instance, right now. Or for the last five years.

May I also point out that a bunch of big businesses, Chase being the most galling example, are buying smaller concerns which have benefited consumers for the past decade or so.

Harbone is correct. And Charamath you seriously need to get your shat straight..  

[Folgor]

everyone should read Kevin Phillips new book , it kinda puts everything into perspective and to be quite frank this problem has been a long time comming since Reagan.  

[Shuyajin]

Can you say goodbye to America?

Because we are following the road to Rome.

Goodbye America.

You ******** up verison of a good idea you.  

[Folgor]

Quote:

Can you say goodbye to America?

Because we are following the road to Rome.

Goodbye America.

You ******** up verison of a good idea you.

don't be naive. Rome had a FAR different road, and if we are following Rome's path it will be far worst for the world cause we will truly become an empire, please don't make dumb comments <3.  

[charamath]

Under Korpens Vinger

Harbone

charamath

I'm glad it passed. Most people opposing it that I've talked to truely have no fricken clue what it actually is. They think it's just giving money to the big guys. What they don't know is that part of the deal is that the 'big guys' lose their jobs, and their companies are in debt to the government for 30% interest the moment they turn a profit. This is to prevent what happened during the Great Depression, where a bunch of big businesses took advatange of the choas to buy out everyone and create a monopoly where no one could get a loan. IDK about you, but I need a student loan, and I don't want to have to sell my liver to get one.

Once this takes effect, any inflation caused is erased by the interest. It may be drastic and iffy, but in all honesty, I don't see any other way working. Everyone bitches that the money should go to the average joe- but let me ask you- in this economy what would that average joe do? He'd pocket the money instantly out of fear and never re-invest it. And also, think twice before pinning it all on Bush, it just shows how little an effort has been invested in doing something other then pointing fingers instantly. Much of this is left-over from Clinton's mess (which had us in a recession that Bush pulled us out of, mind you) and much of this didn't start until our party majority switched in the House and Senate.

That's kinda like saying that the hole in the ozone layer will be cancelled out by increased smog, isn't it?

And may I point out that "Clinton's Mess," as you put it, was actually a prosperous economy with a stable interest rate and the first surplus our country's budget had garnered in years.

Actually, both Bush Sr. and Bush Jr. plunged this country into recessions. I don't really mind thinking twice about pointing that finger because I can remember it. I also remember things improving under Clinton and having a good job under Clinton. As opposed to, for instance, right now. Or for the last five years.

May I also point out that a bunch of big businesses, Chase being the most galling example, are buying smaller concerns which have benefited consumers for the past decade or so.

Harbone is correct. And Charamath you seriously need to get your shat straight..

I'll keep my 'shat' just where it is, thank you. If no one can remember that Bush inherited a economy in recession from Clinton, that's their problem. I prefer to not let the liberal media make my decisions for me.  

[Evil Green Toad]

The economy is just following a hard core reaction; I have been waiting for this all year. The bad decisions have been piling up for the last two years. It's probably not the time to point fingers. But look to the house finance committee for blame; lack of controls started this snowball. Throwing money at it will make no difference. For those like me this week would be the time to start buying all those companies with more than a 35% decline and 4 % yield......Toad mrgreen  

[Harbone]

For someone like me it's a reminder that I wasted 4 years in college.
Stupid! Why didn't I get a technical degree?!? I got a 3 on the AP Calculus exam for goodness sake! I mean that's not brilliant, but it might have got me something better than day labor! AAAARGH!  

[Nei1]

Wow, Wall Street was hit hard to day closing less then 86,000. I remember when growing up it was at 65.000-75,000 for a long time. I think that the economy to turning in on itself.  

[starblazer66]

How about some of you guys read what's in the NY papers. Some big wigs from AIG already wasted 500g on a frickin getaway. Apparently, they've been planning this for a while too. So tell me, how is this bailout benifiting anyone besides these jacka$$e$?