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What happens if all this bailing out of banks and insurance companies does not work? Then what?

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NNN0LHI Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 09:01 AM
Original message
What happens if all this bailing out of banks and insurance companies does not work? Then what?
Whats Plan-B? Is there a Plan-B?

Anyone know?

Don
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Billy Burnett Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 09:03 AM
Response to Original message
1. Victory gardens and ox carts.
Eventually rafters will be heading TO Cuba.



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Generic Other Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 09:03 AM
Response to Original message
2. Plan B is our medicare and social security
and our savings next, followed by everything else we own. Guess we all need to start re-reading GRAPES of WRATH.
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no_hypocrisy Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 09:04 AM
Response to Original message
3. Survivalist Paradise?
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Hugabear Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 09:04 AM
Response to Original message
4. Then we go into a Super Depression
One that will make the Depression of the 1930s look like a walk in the park. You'll see record unemployment that will make 1920s Germany look enviable. The US will become a feudal system, with vast majority of people in poverty, begging for scraps from the elite wealthy who managed to withdraw their $$$ in time.
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Ian David Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 09:06 AM
Response to Original message
5. Remember the Mad Max movies? n/t
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EmeraldCityGrl Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 09:09 AM
Response to Original message
6. It's already worked...public money transfered to private industry...
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Zorro Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 09:11 AM
Response to Original message
7. Print more money like crazy
Devalue the dollar and make everyone poorer.

That's plan B.
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arcadian Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 09:12 AM
Response to Original message
8. You mean "when"
When that happens, Obama's administration enacts a New Deal type program. Oh, but people who voted for McCain won't get any help as I'm sure they would refuse help from a program that they perceive as "socialist". So fuck them, they starve in the streets with their dignity and their political ideals intact, yeaaaaaaa riiiiiiiight.
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Beausoleil Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 09:17 AM
Response to Original message
9. Plan B


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SweetieD Donating Member (517 posts) Send PM | Profile | Ignore Wed Sep-17-08 02:56 PM
Response to Reply #9
28. And if that doesn't work, there's always Plan C
*crickets*
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Hestia Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 09:17 AM
Response to Original message
10. Doesn't Naomi Klein seem prescient with her book "The Shock Doctrine"
If you read the chapter on South Africa, it seems that scenario is what they are trying to
ram down our throats. Today, 90% of SA GDP goes to pay off their Afrikaaner torturers. I've
been thinking this morning about that chapter and the warning, "while we were holding
trials, they were looting our treasury. We didn't understand economics. (parapharased)"

Which is what we need to do - yes, 1/2 of us needs to press for high crimes and misdemeanors
the other 1/2 on the economic aspect. What the neo-cons do is run up massive massive debt,
then expect the new regime/president/country to pay off the debts of the old regime, like
a gentleman's agreement.

I keep wondering what would happen if we refused to pay off Bush's debt. Press in International
Court for the money from the very people who looted it. I know, I know, they've absconded to
Dubai, but press for arrest warrants the second they step out of that country.

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Locrian Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 10:54 AM
Response to Reply #10
20. she nailed it 100% - Prophetic
I tell everyone who wants to know our future to read Naomi Klein's book "The Shock Doctrine".

Its now like it hasn't happened before. Oh yeah, thats right. Not to "us" so it didn't matter. (sarcasm)
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OneGrassRoot Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 03:56 PM
Response to Reply #10
33. Me thinks this isn't politics as usual any more. Some major shit...
needs to hit the fan.

Heads need to roll, and I hope the Dem Congress finds their spine. It's frog marchin' time.

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raccoon Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 09:18 AM
Response to Original message
11. Alas, Babylon. nt
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Hestia Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 10:44 PM
Response to Reply #11
34. ...but we haven't gone nuclear...Lucifer's Hammer might be better
...just saying ;)
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Javaman Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 09:18 AM
Response to Original message
12. like everything else the repukes do, there is no plan B.
in a word we will be fucked.
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Virginia Dare Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 09:37 AM
Response to Reply #12
14. But McBush just said yesterday he knows how to fix the economy..
he also knows how to "win" the war, we just have to elect him and he'll give us a the magic beans...he's a classic case of Munchhausen by proxy.
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melody Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 09:22 AM
Response to Original message
13. We'll find a way ... we always have, we always will
Nihilists are having a field day with this but I honestly think we'll come out of all this stronger as a people.
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Virginia Dare Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 09:39 AM
Response to Reply #13
16. Think of it as a major hurricane..
this is the relative calm before the storm, some big waves coming in and the wind kicking up a bit.
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melody Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 02:16 PM
Response to Reply #16
26. As I've posted elsewhere ...
My friend Elayne spent 4 hours on the Suicide Hotline last night

The emergency services had to respond to two overdoses. The primary panic was over job loss and economic downturn.

I'm glad you guys are resilient enough to wallow in suffering but many people cannot do that. I said what I said for them. You guys, by all means, party on.
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SmokingJacket Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 10:59 AM
Response to Reply #13
21. As always. But it always entails a lot of suffering on the part of
people who can least afford it.
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melody Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 01:54 PM
Response to Reply #21
24. My friend Elayne spent 4 hours on the Suicide Hotline last night
The emergency services had to respond to two overdoses. The primary panic was over job loss and economic downturn.

I'm glad you guys are young and resilient enough to be excited into wallowing in the thought of suffering but many
people cannot do that. I said what I said for them. You guys, by all means, party on.
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SmokingJacket Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 02:55 PM
Response to Reply #24
27. Erm, why do you think I'm wallowing in suffering?
I just said that Yes, we Americans will survive, of course we'll survive, but there will be lots of suffering. That will include my own family, so NO, I'm not enjoying it.
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melody Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 03:47 PM
Response to Reply #27
29. A lot of the posts have focused only on the negative
That's what I'm challenging. If you don't own the word "wallow", then you don't, but the focus seems to be an almost addictive reaction to the darkest scenarios. Only you know your own thoughts.
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SmokingJacket Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 03:50 PM
Response to Reply #29
31. Oooookay! nt
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Virginia Dare Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 09:38 AM
Response to Original message
15. They're just holding their fingers in the dyke at this point..
there simply isn't enough money to keep bailing. These are temporary measures to buy time and delay the inevitable.
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guitar man Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 09:47 AM
Response to Original message
17. then we're even more screwn
than we already are :(
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Suji to Seoul Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 09:51 AM
Response to Original message
18. Plan B? We don't have Plan A. But, this cartoon answers your question:
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KillCapitalism Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 10:04 AM
Response to Original message
19. Go begging to China.
Maybe if we kiss their ass enough, or offer them Taiwan on a silver platter, they might just forgive our debts.:shrug:
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RobofSWVA Donating Member (104 posts) Send PM | Profile | Ignore Wed Sep-17-08 11:00 AM
Response to Original message
22. the Gnomes know!
Gnome 1: This is where all our work is done.
Kyle: So what are you gonna do with all these underpants you steal?
Gnome 1: Collecting underpants is just phase one. Phase one: collect underpants.
Kyle: So what's phase two?

Gnome 1: Hey, what's phase two?!
Gnome 2: Phase one: we collect underpants.
Gnome 1: Ya, ya, ya. But what about phase two?

Gnome 2: Well, phase three is profit. Get it?
Stan: I don't get it.
Gnome 2: (Goes over to a chart on the wall) You see, Phase one: collect underpants, phase two-

Gnome 2: Phase three: profit.
Cartman: Oh I get it.
Stan: No you don't.
Kyle: Do you guys know anything about corporations?
Gnome 2: You bet we do.
Gnome 1: Us gnomes are geniuses at corporations.
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ThomWV Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 11:01 AM
Response to Original message
23. Then we will see what this economy really looks like ...
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Cleita Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 02:02 PM
Response to Original message
25. I'm fearful plan B is printing a lot of money to induce inflation,
which will enable the government to more easily bail out these companies and to pay off our indebtedness to China if China demands it. The negative effects will be to wipe out the life savings of ordinary people like myself. Then I won't be able to afford the gun and ammo I will need to do myself in.
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AlCzervik Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 03:49 PM
Response to Original message
30. you mean like if the US loses it's triple A bond rating and we can't borrow anymore?
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JCMach1 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 03:51 PM
Response to Original message
32. The not working part began today- liquidity is completely drying up
for the banks... Expect the FED to drop the rate this week in a vain attempt to stem the flow.
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