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Post by Sweet Pea on Sept 24, 2008 8:44:12 GMT -5
as some in the US have heard, there is another massive bailout in the works for the banks, which is basically a blank check to the administration to give out money to financial companies without any oversight or accountability at taxpayer's expense I encourage anyone living in the US to check out the following petition sanders.senate.gov/petitions/?petition=financial_crisis_1one last major handout for the bush administration cronies. or is it the last? he's in for a few more months. he's got time to pass out billions or even trillions more, all of which has to be BORROWED because we don't actually have it to give! we're obligating taxpayers for decades to come! these people are shameless. and people are worried about welfare recipients cheating the system, lol. gimme a break! billionaire welfare is gonna break this country's back. by the way, in case you haven't heard, they made a list. and only the failing companies on the list get a financial bailout. i wonder whose ass you gotta kiss to get on the list? |
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Post by Naptaq on Sept 24, 2008 12:01:45 GMT -5
Would you guys rather have an economic collapse, maybe? Unbeliveble. I just don't understand your reasoning, but then again the bush-hate meme never had any rationality.
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Post by MrNice on Sept 24, 2008 12:15:48 GMT -5
its very simple - we are being asked to give more money and more power to the people that got us in trouble in the first place.
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Post by Naptaq on Sept 24, 2008 12:34:23 GMT -5
its very simple - we are being asked to give more money and more power to the people that got us in trouble in the first place. I don't know about that, but would you rather have an economic collapse, maybe? It's called a bail out for a reason. |
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Post by MrNice on Sept 24, 2008 12:39:33 GMT -5
who said that there will be an economic collapse? why should we trust these people? they have been either lying all this time or are incompetent as they have been saying for a year that everything is fine. What other alternatives were considered? why this particular action of giving unprecedented power and a blank check? it is cowardly and naive to just just accept the 'give us your money and power or you are in trouble trust me on this' blackmail/racket type reasoning. This is the same thing that happened with Iraq - which turned out to be no threat at all. But look at us now, 5 years later, still there losing lives and wasting billions of dollars. I am glad the senators are giving administration a hard time. Unfortunately this proposal will probably be passed without much change. here is an example of how a similar crisis was solved in a different country us.lrd.yahoo.com/_ylt=AuZCOGG0YWQHtr6uKKKg85W7YWsA/SIG=15j38m59h/**http%3A//finance.yahoo.com/tech-ticker/article/70043/It%2527s-an-Outrage!-From-Main-St.-to-Congress-Bailout-Proposal-Falls-Flat%3Ftickers=XLF,%255EDJI,%255EGSPC,SPY,DIA,MER,AIG and here is a more satirical version of 'would you rather have an economic collapse' www.elliottwave.com/freeupdates/archives/2008/09/22/Prepare-to-Be-Robbed----It-s-For-Your-Own-Good.aspx?code=cg |
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Post by HybridMoment on Sept 24, 2008 16:39:19 GMT -5
There are certainly other alternatives to a $700 billion bail out or a total financial collapse. It's probably the worst solution anyone could think of considering the cost of the similar bailout of the S & L crisis in the 80's ($160 billion). The first thing that should be done before congress takes any action is to stop listening to anything Bernanke and Paulson say, especially about passing this bill so quickly. Many economists are unsure of whether this plan will even help in the long run. Along with the tax payer burden, this could lead to hyperinflation.
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Post by malcom72 on Sept 24, 2008 17:40:04 GMT -5
Would you guys rather have an economic collapse, maybe? Unbeliveble. I just don't understand your reasoning, but then again the bush-hate meme never had any rationality. OK exactly HOW do you know an economic collapse is coming ? I can't predict the future and neither can anyone else. I mean really just when did George Bush turn into chicken little? What I do know is that I am totally uninterested in spending as much a 2 Trillion dollars to bail out greedy bankers. If Bush wants he can just bail me personally out and it would cost a lot less. ;D |
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Post by Naptaq on Sept 24, 2008 17:51:36 GMT -5
who said that there will be an economic collapse? why should we trust these people? Now you got it, the essence of this. You want to tear down the walls of authority and replace it with nothing. Does Yahoo News know more about this subject than the government and/or president? I don't know who do you go to for a credible source in your world... It's one thing to disagree with politics, but totally another to accuse the government of lying and being ,somehow, powergreedy monsters as your posts make it to be. Get a grip on reality, you're not living in Russia. |
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Post by Sweet Pea on Sept 25, 2008 0:22:37 GMT -5
we put the coyotes in charge of the hen house and then we're suprised that we have dead chickens everywhere.  |
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Post by strawberrysweetie on Sept 25, 2008 4:21:05 GMT -5
I just saw this yesterday on Ellen and it's already up! LMAO.....ENJOY! ;D Sharon Osbourne on Sarah Palin (okay...now I must get back to "studying" :  |
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Post by MrNice on Sept 25, 2008 8:15:17 GMT -5
you are not making any sense
all of this was avoidable and many 'sources' predicted things exactly as they are unfolding right now while the administration continually claimed that the economy was strong and sound and how the crisis was contained, all while everything was starting to fall apart. This is a fact.
Now all of a sudden we go from strong and sound to a brink of collapse, and we are suppose to trust these people?
Its pretty freaking obvious to anyone with common sense that lending money to people that can't pay it back is a bad idea. The government backstops allow this to pass as innovation and ingenuity and a great way to run businesses and boost the economy. You are the one that needs to get in touch with reality.
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Post by Naptaq on Sept 25, 2008 8:51:53 GMT -5
Now, we both agree on that one. I think banks from now on, will be a lot more careful with loans. And the government will probably oversight a lot more, which I don't know if it's a good thing. |
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Post by MrNice on Sept 25, 2008 10:40:01 GMT -5
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Post by Sweet Pea on Sept 25, 2008 20:11:26 GMT -5
i think i'm gonna get bush to pay my debts. we won't niggle over the little stuff though, he can just give me a million and that will cover it. chump change.
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Post by shyguy83 on Sept 26, 2008 0:14:38 GMT -5
I just watched an episode of Insight here is Australia and they were discussing something I was always aware of and that is the voter turnouts in America for presidential elections. They are predicting a 60% turnout, where usually it is between 50-55%. In my opinion that is quite low considering this is one of the highest profile elections in American history. Question for you SU's in America - who is going to actually vote and I know the election is still 6 weeks away but who at the moment are you most likely to vote for? What is Obama's stance on the war - has it changed from a few months ago? I think Obama is a great candidate but his lack of experience is of concern - even though he does have a multitude of advisors.
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