“I don’t want one dime to go to these greedy Wall Street executives that drove their countries into the tank, and in doing so, hurt our entire country’s economy.”

Then why vote for it?

The credit markets will freeze? Let them. It’s temporary. Maybe people will start to save a little money for a change.

Congress is being threatened with all sorts of doomsday scenarios like market plunges and even martial law.

God, this crap is surreal. And they are falling for it.

If we don’t vote for the invasion of Iraq we’ll all die from nukular bombs!

Q U E S T I O N:

If the argument is to be correct…

… That the bailout is supposed to “SAVE” the cycle of loans and free up “mom&pop” middle America…

… Then how is it that anything “less than the best” is supposed to be acceptable?

Anything “less than the best” is not in the best interest of America for if the intentions was to do the best, how is “less than”… Better?

AMERICA DOES NOT
DESERVE LESS THAN!

.

Wayne Says:
Bilbo Hussein Baggins Says:
For all of you who think this is a bad bill and should not be passed, please tell us what you think should be done.
The same things Roosevelt did to get us out of the Great Depression.
One of the big problems is that the Republicans have systematically removed almost all the regulations, the the regulators have looked the other way under the Bush Administration for the last 8 years.
Bush has practically recreated the conditions that lead to the crash of 1929.

I agree with you entirely, Wayne. The problem is that something like that takes time and would have to come from the Democrats. And we all know that the Republicans are not going to go along with anything that would be geared towards main street rather than wall street. Right now they have us in a bind. Do we allow our economy to crash and hope like hell it will recover. Or do we do something to shore up the economy right now and when Obama takes office start with a new “New Deal”?

I have to admit that I hate the idea of bailing out Wall Street. But I hate the idea of millions of Americans losing their retirement funds and maybe even their jobs even more. It’s too bad we don’t have a crystal ball to tell us what’s around the corner.

October 2nd, 2008 at 6:08 pm
______

“I think the responsibility the Democrats have may rest more in resisting any efforts by Republicans in the Congress or by me when I was President to put some standards and tighten up a little on Fannie Mae and Freddie Mac.”

Bill Clinton

It is the rich against the rest of us.

And, maybe I am wrong but the biggest reason we got out of the great depression was a World War.

Sorry, got to get back to work.

No, but the reason why there is a decline in factory orders is because the lines of credit companies use to place factory orders are currently closed. If we don’t do something to free up the credit in this country the stock market is going to continue to go down. Today lines of credit to our colleges across the country were cut off. They don’t know what they are going to do to keep their doors open. The same thing is happening to our cities and municipalities. They all run their business on lines of credit.

No one has given me an answer as to what we can do to stop the decline and keep our economy from crashing. And therein lies the problem. We have no alternative at this time other than this bailout bill. It stinks to high heaven but since there are no alternatives, what are we going to do.

What is that old Ruyard Kipling poem about keeping you head while those around you are losing theirs.

I have money in the market but to think they market is any better than gambling is foolish. Please tell my why I can’t invest my retirement funds in any vehicles other than those that generate commissions to my plan administrators.

I agree with you entirely, Wayne. The problem is that something like that takes time and would have to come from the Democrats. And we all know that the Republicans are not going to go along with anything that would be geared towards main street rather than wall street. Right now they have us in a bind. Do we allow our economy to crash and hope like hell it will recover. Or do we do something to shore up the economy right now and when Obama takes office start with a new “New Deal”?

I have to admit that I hate the idea of bailing out Wall Street. But I hate the idea of millions of Americans losing their retirement funds and maybe even their jobs even more. It’s too bad we don’t have a crystal ball to tell us what’s around the corner.

Nothing. This is fear mongering ala Iraq War.
———————–

So you are willing to bet the 401K’s and jobs of millions of Americans on thinking this is just fear mongering.

I’m sorry, but there are plenty of economists, including Warren Buffet, who think that if something isn’t done soon we are going to see a major crash.

Hell, it’s been at least 3.5 years! We’re the TP dinosaurs. ;)

Heh, Yeah I think I started posting the same week TP opened its site, maybe the 2nd week.

Should we check to see if we are growing scales yet?

For all of you who think this is a bad bill and should not be passed, please tell us what you think should be done.

The same things Roosevelt did to get us out of the Great Depression.

One of the big problems is that the Republicans have systematically removed almost all the regulations, the the regulators have looked the other way under the Bush Administration for the last 8 years.
Bush has practically recreated the conditions that lead to the crash of 1929.

For all of you who think this is a bad bill and should not be passed, please tell us what you think should be done.

Nothing. This is fear mongering ala Iraq War. The market has fluctuating on congressional BS. Successful profitable companies have value no matter if the Wall Street Investment Banks go under. There is still money out there maybe it will cost more in the shortterm but we have been living with artificially cheap money and this is were it gets us. Bankers make millions and we get left holding the bag.

Today the market went down because of a decline in factory orders. Should Congress authorize the purchase of $700B in washers and dryers or cars to keep them afloat?

Main Street determines the health of our economy. Wall Street is normally a reflection of it but not anymore. Now we think the fate of unscrupulous bankers determines the fate of America. I call BS. Do not give in to the fear.

Hell, it’s been at least 3.5 years! We’re the TP dinosaurs. ;)

It’s been longer than that Zooey!

I am not sure of the difference between “automobiles” and “car(s) but I will assume none for the sake of argument. I bought my first automobile/car/truck in 1954 and my first house in 1959. The numbers of each since then are unrecallable but are significant. My college education covered the period, periodically, of 1951 to 1973 with several “loams” but no “student loans.” The point being that none of those many purchases and loans were perceived, determined, and consummated in less than 90 days. We are little more than 90 days from a change in political direction so the only thing that is so urgent is the welfare of the fu(king thieves that got us here. There is not ONE, repeat ONE, tax paying citizen up to the tip of the middle-class (whatever that is) that will be permanently damaged if he and she has to wait 90 days for a new car, a new house, or another class in college. Damn near everyone of those same citizens will be damaged severely and probably permanently, if the fools in Washington strap them now with the greatest debt ever carried by any society. Would you trade not having a new car for 90 days for “Hank” (and not because his name is Henry) Poulson’s $500,000,000.00 “Golden Parachute.” If so, Baby, keep on bending over! I don’t need another car, another house, or another college degree, but my kids might, my Grand kids do, and my Great-grand-kids will. I will fight for them!

Ha Zooey it’s been a long road, huh? I’ve been posting here for 3 or 4 years now? How long for you? The time flies.
October 2nd, 2008 at 4:41 pm

Hell, it’s been at least 3.5 years! We’re the TP dinosaurs. ;)