Quote: Originally Posted by Fingertrouble
I don't think for a second that anyone really likes the idea of spending up to $700 Billion to prop up the markets, but it needs to be done.
No it doesn't.... then again, that depends on what kind of future you're looking for.
Do you want just more of the same BS we've all been going through for the last few decades - hundred years? Or do you want to see something different?
All in all, if the markets crash and the world goes to hell in a hand basket.... no loss to me. I've only got gains in my own life if it does.
I won't go into details about those gains, but I hope the whole thing falls flat on its face and spontaniously combusts.
Everyone has to stop saying that it is bailing out Wall Street.
It is.... tell me.... if all this money went into the markets and everything went back to the way things where before they screwed everything up...... has anybody talked about punishing, jailing, or seeking any form of justice to those who created this mess?
No.... just bail them out at tax payer's expense, and move on..... like nothing ever happened.
That's just foked in the head is what that is.
If it was my money, and chances are that somewhere down the line, it very well could be.... I'd rather the whole thing to crash and the markets to die.... I might get a bloody nose in the process, but that's a chance I'm willing to take.
Selfish? Seems to be the norm in todays society.... so sure.
Those a** holes may have started the problem, but the fact is it's all about credit now and when small businesses need short term loans for peoples pay checks or to purchase inventories or settle accounts and they cant get loans, guess what....unemployment and foreclosures loom.
Meh... for myself, I went through the process and the system to get loans.... did everything I was supposed to do, dotted all my i's and crossed all my t's.... and I still got d*cked over and now I have no credit at all because of a fk'n greedy bank which didn't follow their own rules..... so I ain't got one lick of sympathy for the whole process, they can all suffer, lose their jobs and go through the BS I went through..... they can all deal with it for all I care.
There is a huge fire burning right now and it needs to be put out. You don't sit idly by while the fire rages, just because you don't like those who started the fire.
If it's their home burning down, sure I will. Everybody sat and watched my house burn down, joked about getting marshmellows for the fire, etc.... while all my pets and belonging burned to the ground.
Like I said, I couldn't give a sh*t.
You put the fire out, in other words you deal with the problem and then once that is under some sort of control, then you take action to prevent it happening again and to stop those idiots for getting the economy into so much trouble in ther first place.
Yeah, I trust the US in doing that... ha ha.... right. They'll just say they're going to look into it and make sure it doesn't happen again..... and then nothing is done, everybody forgets about it in a year or two, and it all starts again.
Those who voted against the bill were afraid that they wouldn't get re-elected if they voted "YES".
That's how the system works.... they're supposed to represent the people who elected them in and those people don't want their money blown on a bunch of morons who can't manage their own money, then you vote no.
the fact is that the Bush Administration did a sh*tty job explaining the issue to the American people. They should have been trying harder to get people to understand that it is a credit issue, not a Wall Street "bail out". if nothing is done, another Great Depression will be upon the USA and it will more than likely cost FAR more than $700 Billion by the time the economy recovers.
Which is why Capitalism is a failure system and will never work in the long run. Why keep working and patching a dumb system that will only die in the end?
Whether the regular Joe or Jodie on the street ends up paying through their taxes for a bail out, or through enduring a great depression and all that entails (joblosses, repo's etc), it will always be the everyday person who has to take the brunt.
And the reaction from that shall be interesting.
Of two ugly, ugly choices, I would suggest passing the bill would have been the better fork in the road to take. While the outcome is far from certain, at least there would have been some confidence that credit would be available to sustain small business and therefore keep job prospects alive and therefore keep some strength in the economy.
For about a month.
Just my 10 cents worth.....but I am not using that 10 cents to by ANY stock right now....
Sounds like a wise decision.