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This bailout isn't a cure, it is a tactic to implode the government when Dems are in power

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MadHound Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-21-08 07:56 AM
Original message
This bailout isn't a cure, it is a tactic to implode the government when Dems are in power
OK, here we are taking on another trillion in debt. This is a bailout for Wall Street, yes indeed. But it isn't going to solve our economic problems, not by a long shot. All this bailout is designed to do is to put off the day of reckoning until a Dem is in office so that they can take the blame. Along about this time next year, if not earlier, Treasury bonds, those instruments that will be used to fund this debt, will be downgraded, perhaps severely. Essentially the rest of the world will have decided that we have exceeded our means of paying our debt back, and they won't be funding anymore. In fact it is more than likely that when those Treasury bonds get downgraded China, Saudi Arabia and other foreign entities will be selling out Treasury bonds.

That's when all holy hell breaks loose, when we see our government collapse due to debt. It is a much worse alternative than letting Wall Street companies take the hit now.

That's what this bailout is about, it's a favor to Bushboy's corporate masters on Wall St., it leaves a ticking time bomb waiting for whoever takes office next, and it will accomplish the neocon wet dream, shrinking government to the size where it can be(and will be in this case) drowned in a bathtub.

That's what this bailout is about.
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Clear Blue Sky Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-21-08 07:58 AM
Response to Original message
1. It will implode for whoever is in power. Whoever sits in the White House will be blamed.
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sendero Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-21-08 07:58 AM
Response to Original message
2. That's possible..
... but it would be a lot more plausible if Obama stopped expressing full support for the bailouts.

I think he is making a HUGE mistake, Americans are going to turn against this bailout crap in a BIG WAY.
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chimpymustgo Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-21-08 08:01 AM
Response to Reply #2
4. Is Obama supporting the bailout, as we know it, so far? Please, say it isn't so
.
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MadHound Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-21-08 08:01 AM
Response to Reply #2
5. Can you say two party/same corporate master system of government
Obama is raking in the money from the financial sector, and they expect that he isn't going to say Boo about this bailout. In fact they have bought enough politicians on Capital Hill over the years that the vast majority of them aren't going to say a damn thing about this, just raise their hands and say Aye when the package is up for a vote.

This is where we get screwed, but Wall Street and Capital Hill walk away clean.
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glowing Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-21-08 08:03 AM
Response to Reply #2
6. I think he said he'd have to see the plans, and that the parachutes weren't
something he supports and that he doesn't want to lose the bennies for the things that need to make America a real country.. He needs to FDR these fuckers right back to Wallstreet, and he'd sweep the election.. many are ready for real job creation and mainstreet business... Fuck the Walmarts and the piggy banks.
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sendero Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-21-08 08:09 AM
Response to Reply #6
10. IMHO..
.... the only way these bailouts would be palatable is if there is some serious quid pro quo from bailees.

That being a serious garnishment of their future profits until all monies lost in bailing them out is repaid WITH INTEREST.

Anything less is rewarding criminal behavior. But so far, I've read nothing to indicate that any such reciprocation is required.

What are these assholes thinking? They should simply "nationalize" the failing companies and be done with this mess.
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glowing Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-21-08 09:37 AM
Response to Reply #10
13. I don't know, but if they can find the money for this, their arguments on
failing schools, no healthcare, and the rest goes flying out the window... This is pissing me off soooo much.. I have bad debts that I will have hung around my neck forever... I'm barely making it, and theses asshats want us to pick up the tab on their million dollar sallaries and their terrible business practices... I'm pissed and likewise many should be.
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Blarch Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-21-08 07:59 AM
Response to Original message
3. I welcome it, let iy fall to pieces.
This country needs another revolution.
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MadHound Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-21-08 08:05 AM
Response to Reply #3
8. It's not going to be another revolution, at least not at first
It is going to be a civil war between the haves and have nots. It will be much like the Civil War in Missouri when nobody knew which side a person was on, since people changed sides everyday and everybody fought everybody else.

It will be nasty, ugly and brutal.
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sendero Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-21-08 08:06 AM
Response to Reply #3
9. People think that can't happen..
... but if things get as bad as they well might, it will be torches and pitchforks time. People don't like getting fleeced out of their hard-earned money, and they don't take well to believing they live in the "greatest nation that ever was" one day, and then live in a Banana Republic the next. There WILL be blame and recrimination.

I think the PTB have GROSSLY underestimated the popular revulsion at bailing out Wall Street. And when even that fails to solve the problem, which it won't, there are going to be some really angry people.
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eowyn_of_rohan Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-21-08 09:05 AM
Response to Reply #3
12. I used to think that way
After 9/11, I hoped the country would slide economically just enough so that Americans would WAKE UP, band together & strengthen the power of the people united (can never be defeated), turn away from the pretentions and false trappings of our society...etc.

I envisioned a revolution with the same "playing field" as we had in the 1960s and 70s. But the game has changed, and not at all in our favor. They are prepared to squelch us. There are already signs of a police state. Passive protestors, on PUBLIC land are being tasered, shot at, sprayed, and illegally arrested. Our Constitutional rights to free speech and assembly are now denied.

Now they are bringing in an Army on OCtober 1 to "keep peace" in our own country. They've been training in IRAQ, with new weapons and tactics for crowd control, and who knows what else.

We need to think out of the box...How do we protect ourselves, and how can we have a revolution when we're up against stuff like this:

For those who haven't grokked this, yet...
rom the U.S. ARMY TIMES website
http://www.armytimes.com/news/2008/09/army_homeland_090708w/:
The 3rd Infantry Division’s 1st Brigade Combat Team has spent 35 of the last 60 months in Iraq patrolling in full battle rattle, helping restore essential services and escorting supply convoys. Now they’re training for the same mission — with a twist — at home.

Beginning Oct. 1 for 12 months, the 1st BCT will be under the day-to-day control of U.S. Army North, the Army service component of Northern Command, as an on-call federal response force for natural or manmade emergencies and disasters, including terrorist attacks.

... this new mission marks the first time an active unit has been given a dedicated assignment to NorthCom, a joint command established in 2002 to provide command and control for federal homeland defense efforts and coordinate defense support of civil authorities.

they’ll learn new skills, use some of the ones they acquired in the war zone and more than likely will not be shot at while doing any of it. (hmmm...)

They may be called upon to help with civil unrest and crowd control or to deal with potentially horrific scenarios such as massive poisoning and chaos in response to a chemical, biological, radiological, nuclear or high-yield explosive, or CBRNE, attack... Training for homeland scenarios has already begun at Fort Stewart...

(WTF is this): The 1st BCT’s soldiers also will learn how to use “the first ever nonlethal package that the Army has fielded,” 1st BCT commander Col. Roger Cloutier said, referring to crowd and traffic control equipment and nonlethal weapons designed to subdue unruly or dangerous individuals without killing them.

“It’s a new modular package of nonlethal capabilities that they’re fielding. They’ve been using pieces of it in Iraq, but this is the first time that these modules were consolidated and this package fielded, and because of this mission we’re undertaking we were the first to get it.”

The package includes equipment to stand up a hasty road block; spike strips for slowing, stopping or controlling traffic; shields and batons; and, beanbag bullets.


“I was the first guy in the brigade to get Tasered,” said Cloutier, describing the experience as “your worst muscle cramp ever — times 10 throughout your whole body.“I’m not a small guy, I weigh 230 pounds ... it put me on my knees in seconds.”

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lurky Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-21-08 08:04 AM
Response to Original message
7. Also a poison pill.
If the next president wants to institute national health care or any other new program, the money will all be tied up in paying off these debts.
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ThomWV Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-21-08 08:11 AM
Response to Original message
11. Grover Norquist's wet dream - drown it in the bathtub
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