What's your View on the Crisis and Bail-Out?

[Kurt_and_Hunter]

What's your View on the Crisis and Bail-Out?

[dkofos]

1. This is a manufactured crisis. Just like ALL the others.

And we are being played.

[LSK]

4. nope

http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=389&topic_id=4027506

http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=389&topic_id=4059821

[Eric J in MN]

7. The looseness of credit goes up and down.

It's a natural part of the economic cycle, not a crisis.

[Vanje]

2. 700 billion?!! for the greediest bastards on the face of the Earth!???

Let the fuckers fail!

[Eric J in MN]

3. One of the biggest problems with our economy is the national debt,

...which this makes worse.

I voted "no crisis."

There won't be a total economic meltdown within a year if Congress does nothing.

Stocks may go down, but stocks with real value will then go back up.

Congress should have hearings over the next year to listen to a variety of opinions on what to do about the economy, instead of choosing between giving Bush-$700-billion-with-strings or $700-billion-without-strings.

[LSK]

6. this plan can actually make a profit

They are buying Mortgage Backed Securities at discount, cleaning out the bad mortgages and potentially reselling them for profit.

[Eric J in MN]

9. It's cash-for-trash.

The corporations don't want to sell their valuable investments to the government. They want to get rid of their trash.

If these assets were valuable, they could sell them in the private sector instead of to the government.

[DeadManInc]

5. Fuck em,

[rusty charly]

8. Republicans, Their Voters and Wall Street Need Some Tough Love

Let it crash.

[Kurt_and_Hunter]

10. Won't those most affected by a crash be Kerry voters?

[rusty charly]

11. How do you figure?

[Kurt_and_Hunter]

12. All economic dislocations hurt the poorest people the most.

If that were not the case we would remember the Great Depression as primarily a tragedy for bankers.

No ordinary working people lost money in the crash of 1929.

When banks failed 1930-1932 wealthier people had lots more money in the banks to lose.

But the chief victims throughout the 1930s (here and around the world) were people at the bottom.

A rich man can lose a million dollars without ruin. A poor man cannot even lose $100. The workers are always one step from ruin.

Economic downturns always increase homelessness. None of the new homeless are formerly rich, they are workers who were already barely hanging on and lost their jobs. (The "one paycheck away..." cohort.)

[Oak2004]

13. Not if we decide to spend 700 billion to bail out the bottom n/t

[Kurt_and_Hunter]

14. kick for poll participation

[Kurt_and_Hunter]

15. ---

[Kurt_and_Hunter]

18. ...

[Tierra_y_Libertad]

16. The bailout is to the crisis what an aspirin is to cancer.

[Initech]

17. The biggest bank heist in history is about to be pulled off.

Hell it's being done Hollywood style. Bush is a regular Danny Ocean, minus the style and class of George Clooney or Frank Sinatra.