Hawkeye-X
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Mon Sep-22-08 06:46 PM
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That 700 billion bailout - Reid needs to table it until Obama is inaugurated. |
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Not a minute sooner.
The companies that is pleading for a bailout needs to die in a fire. Repeat. Rinse and Repeat. Repeat and Rinse. Just die.
The companies has never heard of Chapter 7 bankruptcy and they need to do that - and liquidate themselves, and all assets returned to the U.S. Treasury for distribution to the poor/middle class - FUCK THE RICH RETHUGS!
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msongs
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Mon Sep-22-08 06:47 PM
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1. yes agreed with that, let the repubs live in their own mess and OWN it nt |
Statistical
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Mon Sep-22-08 07:08 PM
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17. You guys do know the "fat cats" already made their millions. |
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The bilionaires all ready sold their stock long time ago. Their buddies the CEO excercised their options. Even the mom & pop shareholders have already lost 60%-99% of the value of their shares.
The bailout is to restore liquidity to the credit market.
F**CK the credit market right?
Well do you want to buy a car in cash? Want to buy your next house in cash?
Even if you don't need credit you likely rely on others that do. Try to sell your house when nobody can get a loan to finance it.... What if your companies needs short term capital to finance an expansion..... Companies seeing a shortfall in revenue with no credit line tend to get bankrupty or layoff thousands of employees.
Starting to see the big picture.
If you want to "punish" the rich you are about a month to late.
THEY ALREADY MADE THEIR MONEY. The middle class and small businesses will be utterly destroyed by a credit freeze.
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Forkboy
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Mon Sep-22-08 08:25 PM
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23. But they aren't the ones who will suffer. |
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The ones who made the mess will be partying in Bermuda. :shrug:
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katty
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Mon Sep-22-08 06:49 PM
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David Dunham
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Mon Sep-22-08 06:50 PM
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3. Foolish idea. With no bailout, the economy collapses, and Dems will be blamed |
Hawkeye-X
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Mon Sep-22-08 06:57 PM
Response to Reply #3 |
6. The $700 billion dollars DISTRIBUTED to the People of the United States |
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would be better served - kickstart the economy, and new companies can be created with full fiscal responsibility - these companies who needs a bailout are like Bush - fiscally irresponsible. They let their companies go to ground, and they deserve to die in a fire.
Repeatedly.
So don't tell me that the economy will collapse if the companies die. It won't, and you know it. Obama will fix the problem in 2009, and they can wait 6 months.
Hawkeye-X
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msongs
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Mon Sep-22-08 07:01 PM
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10. says who? George W BUSH?????? lol lol lol u take his word for this? nt |
Tallison
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Mon Sep-22-08 07:07 PM
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16. No, say a lot of economists and statisticians on both sides |
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of the ideological spectrum.
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Tallison
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Mon Sep-22-08 07:01 PM
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12. Yes, the cost of doing nothing: $15-32 trillion over next four years |
Marsala
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Mon Sep-22-08 08:10 PM
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22. Better to pass it now as a bipartisan deal signed by Bush |
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The bailout is pretty much guaranteed to be the most hated piece of legislation for the next four to eight years. We need to make sure the Republicans can't escape it.
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BzaDem
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Mon Sep-22-08 06:50 PM
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4. Bailout [within the next several days] prevents Great Depression 2.0 |
DJ13
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Mon Sep-22-08 06:54 PM
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5. Limited bailout of $200 billion to last until after the election |
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Administered with oversight.
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GarbagemanLB
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Mon Sep-22-08 06:57 PM
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7. Krugman himself said that last week we were on the verge of total economic collapse without |
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government intervention. It would be foolish to 'hold off' on a bailout until November with how serious this situation is.
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Eric J in MN
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Mon Sep-22-08 07:03 PM
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14. I don't believe that. |
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He's an economist and I'm just some guy posting on a message-board, but I don't believe there will be a total economic collapse between now and January 20th regardless of what Congress does.
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GarbagemanLB
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Mon Sep-22-08 07:09 PM
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18. Well, he's an economist. Sorry, but I'll trust what he says over you in this area. |
Eric J in MN
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Mon Sep-22-08 07:21 PM
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21. Colin Powell was a former general and Secretary of State... |
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...but what he said of the threat from Iraq was wrong.
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BzaDem
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Mon Sep-22-08 07:10 PM
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19. We better trust Eric J in MN over Krugman then. |
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And over all of the other mainstream economists that all say the same thing.
I can't believe any real Democrat is actually opposed to taking massive action to prevent what is going to happen.
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progressiveforever
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Mon Sep-22-08 06:58 PM
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This is not the time to do it.
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Major Hogwash
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Mon Sep-22-08 07:01 PM
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9. Here's my idea to solve this crisis, get Obama elected, and win the war . . |
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Whatever the Democrats decide to do, they need to hold a meeting with Obama and let him know beforehand what their decision about this crisis will be. No ifs, ands, or buts. He needs to know beforehand what the solution will be. Then, he can go out and make a speech about it.
Then Congress can act on Obama's plan.
This way Obama can make the claim during the debates that he already solved one crisis while McCain was picking out new lucky charms to carry around on the Straight Talk Express.
This way the problem gets solved, Obama gets the credit, he wins the election, and then he ends the war in Iraq.
Good plan, huh?
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Eric J in MN
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Mon Sep-22-08 07:01 PM
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11. Don't give Bush any more money. |
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Wait until we have a new president and then carefully consider the new president's economic proposals.
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blue_onyx
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Mon Sep-22-08 07:02 PM
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13. I don't think we should wait that long |
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but I also don't think we should panic and just throwing around money. We need to make sure the government gets ability to regulate the industry better and stop executives from getting huge bonuses for doing a bad job. If that means waiting a week or two, then so be it.
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LaydeeBug
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Mon Sep-22-08 07:04 PM
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15. it'll never happen. But I k& r'ed it for the cojones. nt |
graywarrior
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Mon Sep-22-08 07:10 PM
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I was awake til 3 am fuming over this. Grrrrrr. I could still chew rocks right now.
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Forkboy
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Mon Sep-22-08 08:28 PM
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24. Can't agree. Too many regular folks will be hurt long before then. |
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That includes a lot of Democrats and Liberals, who I have somewhat of a fondness for. :)
Seriously though, I'm very uncomfortable rooting for things that hurt everyday people just to help further my political views. Republicans aren't the only ones who have a lot to lose here.
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the_real_38
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Mon Sep-22-08 08:52 PM
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25. This is a scam, and it won't correct the fundamental problems... |
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... the banks are under-capitalized and credit is still going to be scarce. This is only going to add to the public debt, and make things worse. I totally agree with the OP, you have to let this thing run it's course. There's going to be pain either way.
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stillcool
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Mon Sep-22-08 10:16 PM
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what the fuck was going on. Who exactly is getting 'bailed out'? And who decides who gets 'bailed out'? Isn't a trillion dollars quite a bit of 'bailing'?
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ElsewheresDaughter
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Mon Sep-22-08 10:18 PM
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