Bailouts - Why Whining Americans Don't Get It

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posted on Sep, 26 2008 @ 07:38 PM
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Originally posted by harvib
Why don't "you" bail out the home owners to avoid having to bail out the banks?

It's too late now . . .

The bailout puts the financial industry on life support; it's not a surgery that removes the malignant tumor. The rescue plan can't succeed in the long term without exploratory surgery to look into the financial system and its mechanism that is very likely unsound and can no longer safely support the whole economic structure.




posted on Sep, 26 2008 @ 07:39 PM
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posted on Sep, 26 2008 @ 07:42 PM
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Considering the system has had to be Bailed out in one way or another multiple times and the standard of living is dropping so fast in the US you can hear the shockwave 3 seconds after the drop passes you....

It's pretty safe to say this is one system that just plain doesn't work.



posted on Sep, 26 2008 @ 07:46 PM
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Originally posted by SteveR
It's very simple, by keeping the market working as it should we make sure you get everything you need when you need it.


Sounds very dictorial.


Originally posted by SteveR
Without the economy, life as you've come to know it would not exist. If we give you $7000 each as someone suggested and let the system fail, you will fail.


When the bank fails life as we have come to know it will change without a doubt. However, life will not end. Some things will just gets lots cheaper (Like local produce, service labor, taxes and housing) and some things will get more exspensive (Like non-renewable energy, durable goods from China, and international warfare).

Life will go on, sure thier will be sporatic bouts of anarchy in the streets, sure some people's standard of living will drop, sure there will be suffering and sorrow. But we will prevail and triumph over time. Trials, tribulations and hard work are what what made this nation great to begin with, not cheap and easy fiat money.


Originally posted by SteveR
The suits in Washington are doing the best thing for the people


Are you freakin serious?



posted on Sep, 26 2008 @ 07:49 PM
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Originally posted by SteveR
Think of it as stabilizing the patient before the operation.



Your "patient", the Market, is "brain dead".


Your "Stabilization" efforts are likely to to accomplish nothing more than to allow the "harvesting" of a few functional "organs" for transplantation. The lucky benfactors of said transplants will be the monied elite you appear to idolize.

Eventually, even those few transplants will fail as well, because the intended recipiants (JPMorgan Chase, for example) will continue to live the wonton lifestyles that have resulted in this sad situation.

Greed.

Gluttony. Avarice.

Risk-taking for the short-term gain.

Prolonging "lives" like these is tantamount to giving a heart transplant to a mass murderer, and releasing him back into the public.



$700 billion is a massive "transfusion", and there is obscenely little evidence to show that transfusion is the indicated treatment in this case.


The "Doctors" on this trauma ward are seemingly loathe to wait for the patient's lab work to come back.


Dare I say, this "Hospital" is full of Quacks!



posted on Sep, 26 2008 @ 07:53 PM
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I didn't know Doctors worked on Deadly Parasites to try to revive them... even in this age of concern about genetic diversity... No One Cries When a Virulent Parasite loses the fight to evolutionary pressure. ANd hey we in the first world aren't even the most affected by our toxic parasites. Africa has been tricked into taking loans they can't repay specifically for the purpose of extracting resource concessions later...

Rapacious doesn't even describe the Entity we call the global financial system as it stands. If the government really wanted to do something about Homeland Security they'd have took down the cartel not created a new federal agency to suck up funds and look cool in their gear.



posted on Sep, 26 2008 @ 07:55 PM
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reply to post by Sheridan
 


Those are silly statements. If the collapse happens, I'll be praying for you and the rest of the population. I am not who you think I am, so please quit with the assumptions. It gets tiring.



posted on Sep, 26 2008 @ 08:00 PM
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reply to post by SteveR
 

I told you, we'll see who is right and who is wrong. But as I written, I'm rarely, almost never mistaken in business. Don't pray for us, because we'll survive. We'll pray for those ones, whose are going to play bungee from the rooftops without rope.

[edit on 26-9-2008 by Sheridan]



posted on Sep, 26 2008 @ 08:34 PM
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why not just stop lowering the value of the dollar, give the finances back to the people/government, not the FED. and everything would be fine.



posted on Sep, 26 2008 @ 08:43 PM
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reply to post by Sheridan
 


In the past I've lived in a town with casinos. Because of this I was easily able to live bank free. It was a simple life. I lived comfortably on under $1400 a month and could have lived fairly with less.

I think it would be beneficial if everyone moved towards a more simple life. All of the greatest civilizations had systems based on bullion and bartering.
Sometimes your 10 sheep were worth more than your 10 pieces of silver. It was a system that granted a man freedom and self determination.

We are trusting those who stand to gain the most to fix the problem that they created. Shouldn't 'We the People" at least have a vote in the matter?

No Taxation Without Representation.



posted on Sep, 26 2008 @ 08:56 PM
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Originally posted by SteveR
We are not bailing out the elite and forgetting you exist. It's very simple, by keeping the market working as it should we make sure you get everything you need when you need it. Sure there have been failures but this is nothing compared to how things could be. Without the economy, life as you've come to know it would not exist. If we give you $7000 each as someone suggested and let the system fail, you will fail.

The suits in Washington are doing the best thing for the people - in the long run. Less whining and more intelligent thinking is needed here.

Thank you


I am sorry but I do not agree 100% so I am proposing my own bail out program

To my fellow Americans......

I'm against the $85,000,000,000.00 bailout of AIG.

Instead, I'm in favor of giving $85,000,000,000 to America in a We Deserve It Dividend.

To make the math simple, let's assume there are 200,000,000 bonafide U.S. Citizens 18+.

Our population is about 301,000,000 +/- counting every man, woman
and child. So 200,000,000 might be a fair stab at adults 18 and up..

So divide 200 million adults 18+ into $85 billon that equals $425,000.00.

My plan is to give $425,000 to every person 18+ as a We Deserve It Dividend.

Of course, it would NOT be tax free. So let's assume a tax rate of 30%.

Every individual 18+ has to pay $127,500.00 in taxes. That sends $25,500,000,000 right back to Uncle Sam.

But it means that every adult 18+ has $297,500.00 in their pocket.
A husband and wife has $595,000.00.

What would you do with $297,500.00 to $595,000.00 in your family?
> Pay off your mortgage - housing crisis solved.
> Repay college loans - what a great boost to new grads
> Put away money for college - it'll be there
> Save in a bank - create money to loan to entrepreneurs.
> Buy a new car - create jobs
> Invest in the market - capital drives growth
> Pay for your parent's medical insurance - health care improves

Remember this is for every adult U S Citizen 18+ including the folks who lost their jobs at Lehman Brothers and every other company that is cutting back. And of course, for those serving in our Armed Forces.

If we're going to re-distribute wealth let's really do it...instead of trickling out a puny $1000.00 ( "vote buy" ) economic incentive that is being proposed by one of our candidates for President.

If we're going to do an $85 billion bailout, let's bail out every adult U S Citizen 18+!

As for AIG - liquidate it.
>Sell off its parts.
>Let American General go back to being American General.
> Sell off the real estate.
> Let the private sector bargain hunters cut it up and clean it up.
We deserve it and AIG doesn't.

But can you imagine the Coast-To-Coast Block Party!

How do you spell Economic Boom?

I trust my fellow adult Americans to know how to use the $85 Billion
We Deserve It Dividend more than I do the geniuses at AIG or in Washington DC.

And remember, this plan only really costs $59.5 Billion because $25.5 Billion is returned instantly in taxes to Uncle Sam.


actually this is not my proposal but a great one!



posted on Sep, 26 2008 @ 09:17 PM
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Originally posted by Sheridan
Well, actually I can't live without a woman, but for my luck I lived my 27 years without banks.
So if I can do it, everyone can do it. No banks, no trouble.

But there are so many people who need the banks to cash their paychecks. Lots of people need to work for living, and not everyone shares your luck.



posted on Sep, 26 2008 @ 09:42 PM
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I say let em fail. No bailout, period. I'd rather have to eat my neighbors dog than help the bankers out. To the people losing houses etc. those of which got the nice fat adjustable rate mortgages, tough. You shouldn't get a bail out either, you were stupid enough to not do your homework before signing on the dotted line. The fact that we are even contemplating bailing anyone out due to pure stupidity is infuriating.



posted on Sep, 26 2008 @ 09:48 PM
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Originally posted by Sheridan
reply to post by SteveR
 

Actually maybe I know a lot more about this then you do. And as I see not the people are whining here, just you and some people, who is presumably working in the bank sector, a Jew with low IQ and high self-confidence or a damned, also low IQ and high-confidence Zionist.


I don't agree with SteveR's OP here, but I do agree with him when he says that you really are mentally ill.

Why don't you just go make a "I hate jews" thread, and get the attention you want.




posted on Sep, 26 2008 @ 10:05 PM
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reply to post by SteveR
 



how you have worded your descriptors under your name is quite skewed to how i would place mine

You:
Destiny Seeker
Dreaming Truth

Me:
Truth Seeker
destiny dreamer

The fact of the matter is we wont know until the fat lady sings. anything said until then is hearsay.



posted on Sep, 26 2008 @ 10:09 PM
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posted on Sep, 26 2008 @ 10:27 PM
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reply to post by SteveR
 


The let everything fall. I understand the implications of EVERYTHING failing; I just honestly don't believe it'll be such a bad thing. I hope it happens. This way of life sucks anyway.



posted on Sep, 26 2008 @ 10:30 PM
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Well we all know these crooks will get exactly what they want, and we will get nothing we want. I would like to see something change in this corrupt country but it want. I am ashamed to say this, but the only way to succeed is to rob cheat and still to get head. Thats the only way to get anywhere in this country. There is no such of a thing as a million heir christian. If they say there is its a lie. Oh and the rich will always take care of the rich. We dont even have honest cops or judges anymore, if ever.



posted on Sep, 26 2008 @ 10:37 PM
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reply to post by ArcturianSoul
 


That was one of the single greatest posts I've read on ATS. It's refreshing to see some math, I didn't know we taught that in America anymore.

After listening to tonight's McCain/Obama speech, I would write you in come November.

Honestly though, I'd rather 'buy' this plan with my vote than anything else I've heard.



posted on Sep, 26 2008 @ 10:45 PM
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A simple question, suppose we give the full $700 Billion bailout and the market still collapses, what then?

Think that money will shore up the failing banks and securites brokers?

1. People in forcloseure situations will still be in the same situation.
2. Businesses with large outstanding debit will still have them.
3. Banks are by and large not loaning right now. Just heard of a guy with a credit score of 740 not being able to secure a loan with 20% down. Fear of liquidity isn't helping the situation at all. Not in new businesses towards job creation nor construction for new houses and repair of existing homes.
4. The housing bubble started the bust 10 or so months ago. The investors looking for tangible assests to invest in hit the commodities, heavy on oil. The price is artificially high and forces price adjustments to every aspect of tangible goods such as food distribution, material suppilers and users in manufactoring and most importantly disposable income for consumers.

By increasing the tax burden on the people without providing working solutions to increase personal wealth nor giving a solid guarantee that the bailout will work in the first place, this plan has the markings of being a huge gamble. Yes, if the market collapses there will be major problems but not bailing out Wall St. has no guarantee of that happening either.

The only thing I see the bailout actually doing is adding $700 billion to the cash supply...in otherwords instant inflation. $5 loaves of bread and $10 gallons of milk is the absolute worst thing that can happen to the millions of American workers whose wages have not adjusted to the current cost of living stemming from the impact of the skyrocketing price of oil over the year.

The fear of many well off people having a portion of their fortune vaporised is far better than the idea of providing a safety net of basic provisions for survival to the majority of country unable to afford to continue working and eating. Myself, I have to skip a few meals here and there already. Having to take a job in a union shop means that my wages are frozen for the balance of the labor contract which ends Oct 2010. Mighty long time. Sure find a new job, but this one took six months to find and my nestegg is long gone since I did not have the benefit of unemployment pay.

In my opinion, Wall St. needs to learn how to fish instead of begging for me to keep giving them one. Unless of course they want to treat this bailout as a tax free loan to the taxpayers meaning that regular payments must be made directly to the people. Failure to do so means we can start making collection calls and taking assets to give them a taste of their own medicine.





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