Bailout Agreement Voted Down - Stock Markets drop
- Thread starter earth_as_one
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............A man with a plan..........:thumbup:..........good one !
...........Too bad "they" didn't find the same sort of balls way back during the WMD do dad, when the Chimp stampeded the nation into pre-emptive genocide to enrich his buddies. Bushy could have been stopped then. Lots of very expensive water under the bridge, since.
And perhaps a nation over a cliff.
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.
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.
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.
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.
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.
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.
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?
And the reaction from that shall be interesting.
For about a month.
Sounds like a wise decision.
It's not attached to my life in any manner in which I could care.... if anything, it's attached to me like an old scab.
That's exactly it! People think this will only hurt Wall St. and big banks. Well, where do they think their mortgages come from? Or the short term loans their employers often take to cover things like payroll? The executives of failed companies have enough money to weather this time whether their companies fail or not. They aren't going to be hurt by inaction nearly as much as regular people.
I know that you don't know where that money comes from do you? Let me try and tell you. It comes from the "regular people", it comes out of your labour it does not issue forth from the banks, you produce it, work makes wealth banks make profit. That $700 billion could save American workers (see the New Deal) giving it to the bankers will break America in two, a split that may never heal. The money will disappear into hard forigne currencys and investments where it can earn better interests, there's no other possible outcome. They are going to be hurt
by inaction, they must pay for thier crimes or they must have you pay for them, don't make your choice based on books which you cannot see, the cost of bailing out the designers of the fraud will be generations of American poverty and civil war.
Don't have one, don't care.
Sounds like a company not managed well if they gotta do that..... I'd look for some more security in a job that's well off.
Oh well... They'll just get more money anyways if this went through..... they may not get hurt as much as many would think, but at least they're not getting a free ride on top of it at tax payers expense.
The Bush Administration should have stepped in long ago before this was anything more then a blip on the radar.... they didn't and they waited until the very last minute to act..... and their action was to suck more money out of tax payers and pressuring everybody to act quickly..... once again, just like the patriot act, like many other bills and crap he pushed through the government...... he waits until the last minute and rushes everyone so a bunch of crap will get overlooked, it's not regulated properly and thus, he gets away with another fk'n scam.
The public knows this and they see this, and it would seem most are willing to take their chances with a market fallout, then to let Bush screw them and everyone else over again..... all the while he and his bum buddies keep stuffing their pockets.
It makes me sick, and if the economy suffers from this money not going through.... don't blame the people who didn't vote for it... blame the asshole who created the problem and allowed it to fester for so long.
The billions and billions spent on the war is kept at a 'low key', and even when they announce the debt in the country, they don't count the war debt as part of that, so
if one isn't paying attention , you don't realize that.
Iraq is the recipient of billions that go into that country each month, some used in
the war and the rest given to the government in Iraq to survive, well, what about
their oil which they make huge profits from, they know how stupid
bush is, so they will take money from him till someones stops him from stealing
from his own people to pay the iraq government.
Bush is ruining his country, first with that selfish arrogant war, and now with the
bankruptcy of the country, caused by the republican elite corporation selfishness,
that the republicans encourage, then turn a blind eye, then try to bail out, and
of course at this point something has to be done, because the country will bottom out
and the regular person on the street is the biggest loser, sure, the wealthy will lose
their huge financials cushions, but then they become the person on the street, the
ones they screwed for so many years, to begin with.
You'd think that..... and yet... it hasn't happened yet.
I guess US presidents are above the law..... so long as you don't get a blowjob.
The US government has been involed in this for over a year now and at a greater level than in the 1930's depression. They haven't solved a thing. It just increases as time goes by. They are trying to privatize profits and nationalize bad debts. This is a pretty resilient free market. I still say let it resolve it's own issues but with good oversight and regulation. One thing that is not a requirement is the credit idea. Before credit was ever setup the free market worked well too and if you research it there was never any crisis like this. Much of what we are hearing I regard as scare talk. The interdependence of the world trade has been carefully setup so that this would be the effect if the carpet ever got pulled out from under it. The existing proposed legislation doesn't offer the taxpayers enough security nor any guranatys of any reimbursement at any given date in the future. Too many "if's" and it is too vague for us.
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I know that the "Executive Bail Out" issue is so small but it absolutely blows my mind to think it was proposed that these guys should get tax payer funded golden parachutes. Have we lost our minds? If any one of us screws up bad at our jobs we get fired and hope they don't hurt us with poor references.
There are bigger problems than this but THAT should not have been in the bailout package.
There are bigger problems than this but THAT should not have been in the bailout package.
Golden Parachutes have always been a part of big business but it always came from the private company that was gobbling up the target company.
But the thought that the status quo should be kept up and funded now by taxpayer money is insane!
Another part of this bail that affected the vote is that it is taxpayer funded but taxpayers will not reap any benefits if things go on the upswing. We fund it...the govt. reaps the benefits...that is if there are any. But of course we get an equal share of misery if the bailout fails. GREAT DEAL!