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whowillsurvive2012.com - Watch the Adam Lambert music video for the 2012 theme song. See 2012, in theaters Nov 13
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- JKap, on 11/12/2008, -0/+9Send your letters of thanks to Barack H. Obama for endorsing this "bailout" in the Senate (along with War Party twin John S. McCain) in the form of a $700 BILLION revolving line of taxpayer-underwritten credit for government-connected Wall Street Welfare Queens.
The National Socialist 25-Point Program included these kinds of provisions for the nationalization and division of profits of business and industry. I guess it doesn't bother any of the Red-Blue Koolaid drinkers that history is repeating itself.
http://en.wikipedia.org/wiki/National_Socialist_Pr ... - Striker101, on 11/12/2008, -0/+4if this weren't so horrid, it would fit so well into my liar's joke-book. They passed a bailout the knew we didn't want, and should have known wouldn't work, so now dictator Paulson becomes willing to risk prosecution and diversion of a mighty big chunk of $$$$$$$$$$$$.
Funny thing, that won't help either. Everyone has forgotten that one of these days Gov is going to have actually PAY it's bills, without taxpayer's forced contributions, yet! - mossrockss, on 11/12/2008, -2/+3If I remember correctly from the excellent This American Life episode "Another Scary Show About the Economy," this was the plan that most economists espoused in opposition to the bailout. Less money goes into taking bad mortgages off the hands of the banks, which in essence is rewarding irresponsible lending. Instead, said money goes into the banks to give them a much, much greater incentive to dig themselves out of this mess alone.
In an extremely difficult situation, this is probably the lesser of two evils. - shylove, on 11/12/2008, -3/+2That's whats become of Reaganomics, egonomics!! Bailing out the vulture capitalists that demanded bankrupcy laws be tightened so they can keep as much of the loan shark charges as they could get their grimy hands on now looking for corporate welfare.
I'd say first off, slash the officer salaries and benefit to the bone then reorganize the late fees, hidden charges, and deceptive practices.
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