un - freaking - believable!

Heh, what's going to be the kicker is when the defense industry claims bankruptcy, adding insult to injury.

People have been screaming at these idiots now for months that the bank bailouts would set a very dangerous precedent, and now look at how many industries are starting to parrot the same line. Who's supposed to pay for all this? Finance your war, finance your bailouts, finance, finance finance. While middle class America goes down the drain, unemployment reaches dangerous levels, and many people can't even get a loan. Squeeze some more why don't ya. Let's just see how far you can squeeze until there ain't no more patience.

Yeah, you BET the US brought home 20,000 troops for Homeland Security.

Originally posted by TrueAmerican
Finance your war, finance your bailouts, finance, finance finance. While middle class America goes down the drain, unemployment reaches dangerous levels, and many people can't even get a loan. Squeeze some more why don't ya.

The bailout of the automakers was supposed to benefit the middle class. Not just the autoworkers who would be unemployed by the thousands, but also those in related industries from auto parts manufacturers to steelmakers, to tire manufacturers, glassmakers, plastics industries, etc.--on and on into millions of jobs.

The bailout of the banks and one insurance company was to prevent a collapse of financial institutions that could lead to a depression as bad as the one in the 1930's. Herbert Hoover, the president at the time of the stock market crash, is remembered as the guy who advocated saving and not spending. The tent cities that sprung up from the many people who lost their homes were called "Hoovervilles."

Trouble is, while Congress has demanded a huge amount of oversight from the automakers (their CEO's have agreed to work for $1 a year), they haven't exercised any over the financial institutions. CEO's are still getting millions and AIG is even paying its shareholders.

FDR's plan of putting huge amounts of money into circulation to stimulate the economy eventually worked, though it took about ten years. Many economists believe this solution will work again, but the fact is nobody can be certain of that.

What we have here is a system in which profits are private but risks are socialized. It's a win-win solution for the banks, but only a "maybe" for the rest of the country.

Did they make the required donations to the Democrats and members of Congress?

Did they help to run their industry in ground by lying, manipulating, and stealing from ordinary citizens?

If they met the criteria above then they are qualified to receive help.


Americans with bad credit can't get loans, but businesses with bad credit can get FREE CASH. Just doesn't make sense.

Important milestone it will be on the road we are travelling now.

Good Thread Sempfortis S+F...

Helicopter Money printing about to start in the UK and USA....

Soo logically where maybe this one, lead to the RUN on the £ or Dollar First?

One is going soon, then the other will follow.... then ..well that's obvious.

I dont like saying this but unfortunately it's true.

Elf.

I just don't understand it anymore.

If i start a business and i make awful decisions then the banks and government come after me with gutting knives, but if a big business does this then they're told it's all ok, given a pat on the back and bailed out.

Disgusting.

Welcome to the Centralized and State Controlled Economy

It's not the "communism" that failed in Russia and the other countries. It was the centralized economy which kept producing stuff even if there was not demand, because by law people had to have work place.

all the publics worth, its value, its monetry value... is being sucked dry and pretty much transferred, via digital numbers to a corporation.

Who else can cook the books, ruin an industry then ask the government for money to fix it....?

Im surprised the petroleum industry hasnt declared financial tumoil, what, being with the current crisis and all? seem everything other friggen rich CEO can ask the government for handouts...

Hey everyone, here's an idea:

Why not somebody go up too the white house lawn and put up a 'FOR SALE' or 'SOUP KITCHEN' sign on it, then snap a picture of it, paste the picture all over the internet.

Lets not stop there, lets put one up on the senate house to, and the FBI building, and the FED Reserve building.

Sooner or later someone will get the idea

The real estate market needs to go bankrupt. A bail out will not help them. If their companies are strong enough, they will survive.

if commercial realestate corporations, like mall owners, sign up for bailout money... the money might delay a foreclosure for 6-12 months...
so what
the recession is generally seen as growing worse inthe next 12-16 months
so the mall businesses will likely break their leases anyhow.


[something thats glossed over..is that the gov't lender then has unknown controls over the business involved...the business is now a fascist entity]


Then we must ask ourselves, just what about all those now unemployed realestate agents/brokers who once sold residential realestate, should the state pay them too?


then bailout all the idle commercial & residential builders, because there is a 12 month inventory of new homes sitting there unsold?


let's bailout myself, for all the intellectual property i am no longer able to dispense in the information markets.

Wasn't this money going to the banks suppose to help the realestate side by helping homeowners but then it went to the bank instead to promote the lending of money for such things as realestate at the last minute?

I can't believe this. It is the stupidest thing I have ever seen concerning the economy. If anything all these requests for bailouts is going to do is cause people to spend even less money fearing it's only a matter of time before they lose everything.

Hope you own everything you have right now cause if this does keep up companies will start falling left and right with board members walking away with billions and retiring.

Man I really hope the govt. draws the line here and soon not only for the sake of the people but also for the sake of any type of real govt. existing. I say that cause last thing I need to do is guard my house 24/7 with a shotgun or automatic weapon.