I dont understand if Kucinich and Ron Paul can see what is really happening to the economy, behind the scenes, then why do people not believe them. Its Greed that got us all in this situation,

edit added star and flag for you DD you always have good threads, just a little scary!!!!!!!!!!!!1

[edit on 6-10-2008 by isa75]

I opened a thread talking about why the bail out will not work, because the core issue of the problem the American consumer and loser of all this has not been taken care off.

You can not bail out those that profit from the economy without helping first the ones that support the economy, without the support it will not be profits.

The American consumer, the hard working tax payer is getting dry, unemployed and with not American dream left.

How this nation is to support itself if we has lost the means to production? printing money and offering unsecured loans so the Wall street can keep the illusion of prosperity when is not there is not going to help this nation.

But as usual we have allow a whole bunch of corrupted politicians with agendas to make the decisions that only belongs to the people to make.

yep it is quite the same story here in europe.

give em a (the?) finger...

Honestly DD,

I dont even see the Bailout Part II working, at $700 billion, nevermind in the trillions.

Earlier today, in an interview I think with the Washington Post maybe, or Capitol Hill Blue, it was stated that not only would the illiquid assets probably only get offered around $.20 on the dollar, but a majority of the investment firms will likely not participate simply due to the constraints on Executive packages.

I think our first part is going to fail miserably enough on its own!

Not to mention, I can't quite see why we keep pumping so much liquidity into a system where there has never been so many liquid assets as there are now! If the banks wont lend it and there is no counterparty trust, certainly the bailout is merely academic.

I say, buy up the MORTGAGES (not the paperless assets), leave the friggin firms hangin out to dry, empower the American PEOPLE with all this purchase power, and damn straight that it WILL resolve itself fast. Leave it to the devices of 'The System' and the protracted effects will be killing us for years.


AB1

[edit on 6-10-2008 by alphabetaone]

Originally posted by Titen-Sxull
... While that 700 Billion ... it goes to resurrecting corporations and helping the super-rich...

They're throwing salt on the wounds of an already bitter nation...

Much to their ignorance, the wealthy and their ilk forgot the French Revolution, you can only drive people so far, and in the French revolution the Military did nothing to protect the wealthy either.

Screw orders, I'm taking/claiming me a mansion and some nice cars.