Countdown: Jumping Bailout

[seemslikeadream]

Run time: 06:33 https://www.youtube.com/watch?v=4yS1J4eJIKU   Posted on YouTube: September 24, 2008 By YouTube Member: Views on YouTube: 0   Posted on DU: September 24, 2008 By DU Member: seemslikeadream Views on DU: 509

 

[Eric J in MN]

1. What a pack of lies.

People won't be able to buy furniture unless Congress passes a Wall St. bailout bill, according to Barney Frank.

Did Barney Frank believe that one week ago? Or did a Bush official persuade him of that over last few days?

[garthranzz]

2. It's the loan thing

If I understand this correctly, it works like this: There's (theoretically) a limited money supply. X amount of it is available for loans. As one loan gets paid off, the amount tied up in that loan gets freed up to make another. With the bailout a large percentage of the available money will be tied up, so others won't be able to get loans. Most people buy large ticket items on credit/with a loan. With "loan money" out of circulation, loans get triaged.

I think.

[Pete2069]

3. Bush planned this back in 2006 when he hired

Bush (Cheney) planned this tax gift in 2006 , when he hired
Paulson for this job.  This is not something that just happen
and they took over 2 months to prepare a 3 pages , to bale out
the market and financial banking institutions.   All they
needed was 3 sentences ---  1) give me your money 2) now s....
Y....    Paulson was into the stock market and not an
economist per say....  You see republicans are going to let
the democrats take the heat for this and again be called the
tax and spend party.  
Notice again Bush has slapped this BS bailout on the democrats
at the 11th hour again , just as he has with the war ,
patriotic BS , spying and the immunity for telecoms.
We are bailing out the banks overseas which have taken our
jobs , now we give them our money..  
Why can't our democrats find two legs to walk on...and a spine
which is not make out of noodles.   
Just how much has the financial institutions companies let the
democrats put their hands in their pockets to give them an
early Christmas gift.
This whole d... thing stinks to high heavens.. This looks as
if Bush set this up for this election to screw the democrats
out of gaining new seats, just as he has used the war and fear
in the past elections...
Steny Hoyer , Barney Frank has not the slightest idea what in
the h... they are talking about.   Every economist ,which I
have heard discuss this issue doubts very seriously if this
will do a d... thing. They said , except maybe it might slow
it down for a month or two if that, and thinks it is not a
very good idea.
I am personal tired of our representatives having as much
power as they now have.   They can pass any issues they wish ,
no matter what the wishes of the American citizens are or even
if it is against our constitution.
Countries overseas are calling us dumb a.... and can not
understand what in the h... is the matter with us.    They
also do not know why we have not stood up to our out of
control government.
Democrats need to do some house cleaning to our party and we
need to do it now.
WAKE UP AMERICANS and tell them to go to
..............................
We need to outsource our elected officials yesterday.

[Pete2069]

4. China just received another large chunk of our country.

They already own our government.

[lovuian]

5. K&R

:kick: