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163 Comments
- TheFamousOne2, on 09/23/2008, -2/+59To answer the title:
I do. You do. You neighbor does. Your parents do. WE do. "The government" does not. - inactive, on 09/23/2008, -4/+53the CEOs of the companies should do life in prison. too bad that they will be given unimaginable amounts of money.
- uptown, on 09/23/2008, -5/+43Bake sale?
- NewGTGuy, on 09/24/2008, -3/+27Everyone needs to understand that all IMF countries use central banks to create money as credit.
This $700 Billion is just another credit given to the US by the Federal Reserve (private company).
Now, the real question is, where will the money to pay the interest come from? - darkciti2, on 09/24/2008, -1/+21Correction:
Your kids do. Your kids' kids do. Your grandchildren will. You parents, won't.
We The People do.
The corrupt Fatcat bankers, probably will not. - thealsir, on 09/24/2008, -2/+22Even the crooks are saying this is an inflationary move. That means everyone pays, and no one can do a damn thing about it.
Sucks, doesn't it?
This is more than the Iraq war has cost so far.
Over ***** loans?
Christ almighty. - BringerOD, on 09/24/2008, -1/+18146 million Americans are currently working, which means we all just took a loan out for $4,794.52. No wonder the congress has a 9% approval rating.
- inchrnt, on 09/24/2008, -0/+17ALL YOUR DEBTS ARE BELONG TO US
- NewGTGuy, on 09/24/2008, -2/+17I love that I'm being dug down for stating facts. If you don't understand what I'm saying, how about asking clarifying questions.
I'm happy to discuss... - positron, on 09/24/2008, -0/+13We only pay for it if we decide to continue paying taxes. Just saying.
- egthareal, on 09/24/2008, -4/+17Me:*Pretends to take out his wallet* Let me get this one, uncle Sam
Uncle Sam: No No, I got it.
Me: Ok, I'll get it next time. - mahadiga, on 09/24/2008, -0/+12I think all Federal staff and Congressmen must lead by example by paying 80% of their paycheck towards bailout plan.
- sathias, on 09/24/2008, -0/+9Dog parade?
- Olfster, on 09/24/2008, -0/+9The angst that everyone, that I have talked to, feels about this is amazing. For once people are starting to actually feel like their house was just robbed. Most don't realize the burglar moved in along time ago. People I know are actually feeling sick over the prospect of allowing people to walk away with millions of dollars.
- rebelcapitalist, on 09/23/2008, -1/+9The size of the bailout requires drastic measures. Including some sort of claim by U.S., either in the form of ownership or other security, to future profits of the institutions bailed out. All executives including Chairman must resign. There has to be accountability. Otherwise, we will continue to make this mistake.
- Licurgo, on 09/24/2008, -2/+10you can walk away from your home
but you cant walk away from your taxes
bad day for being american
digg down warrior i am - inactive, on 09/24/2008, -2/+10Our children will
- NewGTGuy, on 09/24/2008, -0/+7"last year there were only 820 billion bucks in cash in circulation,"
Try about $60 Trillion. Do some research on "Fractional Reserve Lending."
The truth is out there my friend. Just be willing to take the journey.
Good luck! - inactive, on 09/24/2008, -4/+11Congress is still controlled by Republicans.
You see even if the Dems in Congress pass a bill, Bush can veto it, then it goes back to Congress & they can only overturn the veto if the Republicans vote for it. And the Senate is a 49-49 split, so the Democrats do not even have a simple majority.
The DOJ is also run by Republicans, so they do not enforce the law, such as subpoenas for Congress to do their job of oversight.
And also the Republicans in Congress do everything possible to block, smear, & release propaganda disinformation to stop anything the Democrats try to do.
Don't blame the problems that we have that were created by the Republicans on the Dems, because the Dems are powerless. But, if they get enough seats in Nov &/or the Executive Branch too, then things can happen to roll back some of this extreme right wing legislation. If they have the power & don't do that, then you can blame them to your heart's content.
And as of 8-4-08 the Republicans have filibustered 92 times since the Democrats were elected, which is a historical record of obstructionism.
And let's not forget the Republicans' policies have been the worst disaster in history as well. And over 50 Republicans have been implicated in serious scandals that have cost them their jobs! Some are even in jail!
- Orbity, on 09/24/2008, -0/+6Why are most Americans, just going to roll over and take a 'big hot one' from their government, right in the ass? I just don't understand why the people have not organized mass rallies and start the revolution. What the heck is wrong with you people? Your government stop representing you years ago.
- Stryder81, on 09/24/2008, -0/+6Mind you, 700 Billion is what we " know of "
It is much higher than that. - zacbro, on 09/24/2008, -3/+9Our kids can pay for it with their space money and flying cars.
- Clearmedium, on 09/24/2008, -0/+6I hope that the government remembers this philosophy when I decide to poorly handle my money over the next year and get into $100,000 of debt; Because its only rational that they would bail me out for making poor decisions, right?
- MewTwo, on 09/24/2008, -1/+6Yes, the Repulicans are dumb. But you forget that Bill Clinton's name is on the bill that caused the majority of deregulation of the banks. Completely peeled back the Glass-Steagal act.
- bipolarruledout, on 09/24/2008, -0/+5You seem to think that these people who have a stake in there own home as homeowners were given a change to negotiate better terms. Something is always better than nothing. No, that wasn't the goal. The goal was to scam as much money as possible out of the tax payers. The "cure" in this case is much worse than the disease and the worst thing of all is that people don't even know it yet.
- zyklon, on 09/24/2008, -1/+6As a "severance package". Should be given back to the taxpayers that have to eat this $700b bill.
- inactive, on 09/24/2008, -3/+8Not me!
*continues to live in Hong Kong* - inactive, on 09/24/2008, -2/+7U
- jordan314, on 09/24/2008, -0/+5me
- lukis100, on 09/24/2008, -3/+8I have nothing... I can't think of any witty comment to make. Sorry guys.
- NSResponder, on 09/24/2008, -0/+5This amount of cash can only come from inflation. So, it's paid by the dilution of the value of every other dollar. We'll pay for it in the increased prices of everything we buy.
-jcr - MewTwo, on 09/24/2008, -0/+5Nice statement. But... a lot of people say that and have this philosophy and everything... but they don't actually DO anything. What are you doing about it? There's knowledge and then there's action. I'm just putting that out there. And I'm curious.
- ptheroux, on 09/24/2008, -1/+6Who is more evil, the Wall Street firms asking for the bailout or the politicians in Washington who go along with the bailout? I say the politicians.
There is nothing evil about begging. Begging is pathetic, yes, but not evil. Evil is stealing money from someone else to give to the beggar.
The problem is not that interest groups ask for favors. The problem is that a government exists with enough money and power to dispense such favors willy-nilly. The solution is to reduce government to constitutional levels so that it won't have the ability to dispense such extravagant favors. Then, all the parasites will have to go back to making an honest living. - eastwood24, on 09/24/2008, -0/+5I like that stat. It's stated in 'me' terms.
- Ghostalker, on 09/24/2008, -0/+4Knowing this government, we'll just print more money. Makes sense doesn't it?
- stockjones, on 09/24/2008, -1/+5By the way, our financial problems in this country were bad enough PRIOR to this financial institution bailout and housing market crisis. We havent even dealt with social security and our national debt in general.
http://www.youtube.com/watch?v=btCmQJXTyTw - Betrayer, on 09/24/2008, -2/+6IM more concerned with where the money is going... will people under fanny may and freddy mac get a free house?
what exactly is being purchased with 700 billion? i know its something about insurance....BUT.... is it the same kind of insurance my dentist offers me by calling me up and saying we need to do more work on your teeth because there is some more money left on your insurance?
where does the money go if they do sell a foreclosed home? does it go back into the 700 billion coffer?
im already over the whole 1800 per taxpayer thing... and i know that it will probably drop the value of the dollar internationally from 50 cents to less then 25. and all of our domestic goods will double in price... but for what
WHERE DID THIS MISSING 700 billion dollars go.. and how will filling this hole with 700 billion, fix the problem that made it disappear in the first place...
- positron, on 09/24/2008, -1/+5You CAN walk away from your taxes, just like you can choose to stop paying protection money to the mafia. There will be consequences should you choose to do so, but you can do it if you are willing to except them. Note also, they can't put all of us in jail.
- zyklon, on 09/24/2008, -1/+5The brownies had better be good.
- Murdats, on 09/24/2008, -1/+5what would be wrong with turning into france?
- ramonjet, on 09/24/2008, -0/+4C'mon everybody, write a check for 3 thousand and step up, like Biden says "It's the patriotic thing to do"
(Sarcasm all over this puppy) - icndvl, on 09/24/2008, -0/+4If taxpayers are paying for the financial companies shouldn't the taxpayers get a stake in the company? Yeah its communism, but so is bailing out failing companies.
- truck87bp, on 09/24/2008, -0/+4Has anyone wondered why we haven't already collapsed. Much time has passed and we are still going without any bailouts? We slowed down a little but still going. The US is bigger than we think. Stock market is still doing business. Business are still operating small and large are going on as if nothing has happened.
Bailouts need to be done state by state by small banking Institutions. Not some blank check that can't be Questioned.
Representatives: Do not go forth hasty! Please consider the people. We want guarantees with this money, no closed end options. Listen to the Swedish resolution in the NY Times. The Paulson Deal SUCKS ! - MewTwo, on 09/24/2008, -0/+4Yeah I was just wondering if you were going to endorse a candidate or whatever. And interesting story about your life. I sometimes look around at military people in my history classes (in college) and wonder if they are getting it or have got it. Just how the United States isn't exactly harbingers of "freedom."
- NewGTGuy, on 09/24/2008, -0/+4We were never debt free during the Clinton Administration. We did have a balanced budget (same going out as coming in) for a brief moment.
The national debt can NEVER be paid off with the way our monetary system is structured. In this system all money is given as Credit via the Federal Reserve (private company) and the IMF. This credit is debt to us. If the debt was ever paid off, there would be NO MORE money in circulation. Again, ALL money is debt!
Watch here for a good explanation: http://video.google.com/videoplay?docid=-905047436 ...
Key points are missing, but it is a good start for those trying to understand the truth.
Good luck! - haydesigner, on 09/24/2008, -0/+3Social Security is not a substantial problem. All it needs are a few *minor* tweaks and it will be fine. There are MUCH bigger fiscals to worry about than SS.
- oldgal, on 09/24/2008, -0/+3The U.S. up for sale on Ebay
- hooah212002, on 09/24/2008, -0/+3TBH, I must admit that it was just recently that I finally admitted to myself that all the "conspiracies" were dead on, as I have done quite a bit of research in light of this fiasco.
For the longest time I didnt believe that our own Government could or would do such things to us because I was....WAS...such a patriotic American. (Military background and all).
Suffice to say, it is only the beginning of my mission to, at the very least, inform those around me who do not yet realize the scale of what is going on. I would like to say I am going to protests and rallies etc;..but I have a family who ultimately comes first and they need to eat. - Terrk, on 09/24/2008, -0/+3*Rasies Hand*
The American People? - w00tdigg, on 09/24/2008, -0/+3Privatizing profits and socializing losses, it's the American way.
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