bail out the world?
Posted By: hang on a minute on 2008-10-01
In Reply to: A lot of Europe, even though they hate us.... - sam
So we have to borrow our own money so we can bail out the world? Call your Senator.
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Well, it would not have been necessary to bail out...
FM/FM had the Democrats running it not stolen it blind, and the "reform" bill the Dems passed that nailed the coffin shut.
Obama dogged and hounded by the media? Are you JOKING? Any interview he did was on the softball channels where he never got a real question...were you even watching? He would not go on Fox where he knew he would have to answer the tough questions until this week. Hounded by the press my eye...only to fawn over him. Sheesh...lol
do you think they should just bail out
what kind of solution do you propose?
we bail out ceo's ......
It's okay to pump billions into the auto industry and wall street but not into our own people?
So what happens when we bail them out?
See! We bail out the big guys and the money goes straight to the CEOs that ran the company into the ground, rewarding their incompetence! Oh, lets hurry and bail out the automakers too!
WASHINGTON - American International Group is paying out millions of dollars in executive bonuses to meet a Sunday deadline. But the troubled insurance giant has agreed to administration demands to restrain future payments.
The Treasury Department determined that the government did not have the legal authority to block the current payments by the company that has already received more than $170 billion in U.S. support.
AIG declared earlier this month that it had suffered a loss of $61.7 billion for the fourth quarter of last year, the largest corporate loss in history.
Here's what happens when we bail them out: sm
AIG accepted our money after losing 60 billion, and guess what? They are paying out 167 million in bonuses. Why is this allowed to happen? How can you lose that much money, accept money in bailouts, and then have the unmitigated gall to pay yourselves bonuses? This is UNACCEPTABLE!! Out and out thievery!!
Do you think our government should bail out FM/FM
Just wondered what everyone thinks about this subject. I haven't seen it discussed yet and if it has been sorry. Do you think the government should bail out these two institutions and if so, or not so, why?
I heard someone on the TV today (didn't recognize the name but he's an idependent) he asked the question, so is it going to be the people who make $30K a year the ones who pay for this or the billionaires and trillionaires? I thought that was a good point.
Also I heard that one of the guys in charge (forget his name right now) made over $90 million and he isn't paying anything. I would think that if you make over $90M on this and you run it into the ground you should have to forfeit whatever you made and pay it back (but that's my own opinion).
the bail out really irks me
I think they should just let them fail and use the 700 billion or whatever it is to try and clean up the fallout from this mess. These greedy b@$st@rds need to deal with the consequences. I really don't get it. I thought you had to have mortgage insurance if you didn't have enough down. My sister has to pay for mortgage insurance, and it's highly unlikely that she is going to default on her mortgage (for one thing, she bought what she could afford). And as far a people losing their homes, well maybe they should move into homes they can afford anyway. There are nice 1-bedroom apartments in Harrisburg for $540, including utilities. Sounds good to me. grrrr....
The reason behind the bail out is
to put money back into the market. If we do nothing at all, the result is likely to be horrific. We have to do something to get money back into the market. However, bailing out these big banks and making us foot the bill is unacceptable to me. These banks and their big wigs should learn the consequences of their actions and not just walk away with a heck of a lot more money than I will ever see in my lifetime. This initial bail out is just a band-aid really. Our economy is collapsing and this bail out will slow down the collapse but there is no guarantee that it will stop it.
Right now they are debating about how to go about this bail out. Some want the bail out left like it is with us taxpayers footing the bill. Others are trying to come up with a plan to not make the burden on us and yet still get money into the market. That is why no agreement has been made.
My fear is that if we bail them out
what have they learned. They obviously won't have any consequences to their actions. We will be the ones to suffer for their greed and crimes. However, what is to become of us if we don't bail them out? I really don't know the answer to this. I am just thoroughly ticked off that our government has allowed things to get like this. Now they are sitting around crying and whining, pointing fingers, wanting special interests included in the bill, etc. I'm just so disgusted.
Is anyone actually in favor of the bail out?
I personally think that we should just let the banks fail and not save their greedy banker butts. It seems like that's the way a lot of other people feel too. I haven't heard one person say let's save their greedy banker butts. However, I'm pretty sure that congress will bail them out. If I could vote on this, I would definitely say no, no matter what consequence to myself (drop in stock, retirement and possibly the value of my home, no loan for college next semester).
Are there any average Americans out there that are for this?
Auto bail out s/m
Read the following report. 8-10% of total cost doesn't seem like a huge percentage for labor costs. Maybe they can't afford the big salaries and bonuses for the top dogs? About time the wealth started being redistributed. Funny I haven't heard any outrage over the outrageous salaries the top dogs in these automobile business are paid. Just whining about how much the UAW workers are paid. It's about time the working class started standing up for the working class!!!!!
Let 'em all go bankrupt. I have no doubt the idjits in Washington are way more concerned about job losses in "developing countries" than those of American citizens.
http://news.yahoo.com/s/ap/20081115/ap_on_bi_ge/auto_bailout_gettelfinger
Did you see where if we bail out the automakers - see msg
There are people that are laid off and have been laid off for years that are drawing $31 an hour to just sit in a room - they play checkers, they read, they watch TV, or they sleep and stare at the walls. It is a guaranteed thing that cannot be stopped except through bankruptcy (and they may have to pay them off even then). So in effect, if we bail out the automakers, we who are struggling to make our money in this world will be paying those people to keep sitting there!!! 
How many think you should bail out illegal
what would that matter? you want to bail them out?
nm
I don't think we should bail out anyone's mortgage.
Anyone who took out a mortgage and signed a contract to repay the loan and needs to do so. I don't care if they are illegal aliens, legal aliens, space aliens, or United States citizens.
bail out.. Amen, sam. Disgusted with
the whole dang bunch of them, for sure. As far as this bail out goes, I think those at the top who made so many millions and apparently will just go on, should be treated the same way as Ken Lay and others of Enron fame. They should pay it back, confiscate their new homes and boats or whatever they have bought, do jail time and be forced out of their elite positions. Of course, by the time congress does an investigation they will no longer be around anyway. But I do not think they should continue to give away our jobs to nontax paying people and still fall back on the age old answer of taxing us. Even my math is better than that!
Fear is that they will still collapse even after the bail out.
Hedge funds are about to fold. Derivatives which I do not understand are a whole other ballgame - They are what made the hedge fund managers millionaires - it is like betting on stocks (as one would with football) and is somehow linked to the stock market.
This site explains it well:
http://georgewashington2.blogspot.com/2008/06/derivatives-market-is-unwinding.html
What is the bank bail-out if not socialism? s/m
Maybe you'd have better luck with your employees if you gave them a raise. If you have a profit margin that allows you to give them a 25% bonus, surely a 10% raise wouldn't cause you to suffer too much.
And if we did bail out the auto industry......sm
how much is that going to cost us and where is the money going to come from?
I realize this country's economy is in the toilet at this point and people are hurting everywhere, but my question is, like I said above, where is the money going to come from (I don't believe tax increases on the wealthy are going to cover the tab) and what is going to happen when "they" call in the loans?
I think they shouldn't bail them out. They're
All those crooks in the banking, insurance/HMO industries, and most certainly Wall Street, need to be held accountable, have all of their assets seized to help pay for this, and then they should all be sent to Guantanamo Bay to rot.
445,000 per citizen is the bill for the bail outs.
And what then? The govt will own our homes and regulation will take on a whole new meaning.
This is called fascism.
Since when is a tax cut welfare? Corporate bail-outs, maybe...
corporations and plans to continue W's tax cuts for the rich in 2011. Is that welfare too? Sheesh.
And we bail out Wall St. who created this mess.....
Didja watch House of Cards? That spelled it out pretty succinctly. People were sucked into mortgages they couldn't afford, they were told they could refinance in 1-5 years and keep the mortgage payments they could afford - THEY WERE LIED TO. The bankers and Wall St. had to keep that Ponzi scheme going.......pizza delivery drivers were selling mortgages!! The more they sold, the more money they made - upwards $20,000 per month - they sucked people into refinancing to put cash in their pockets because housing values were skyrocketing.......and it all crashed down. So who did we bail out first? The banks and Wall St.............not the people who got screwed by con men. And these people were not POOR - they just got sucked into buying more house than they could afford. So, stick that in your pipe and smoke it.
While I have to admit that the Republicans started this whole bail out thing...
I really thought we were going to get change with Obama. I didn't vote for him, but this isn't just a continuation of the same old mess, this is adding on to it. You can't blame all of the dems for it, either - there are a couple of repubs signing on as well. I'm pretty sure that this isn't what those who voted for Obama signed on for.
All I can tell you is be sure to write your congressman about this - if you need email addresses or such, go to Congress.org - there's a place to put in your zip code and it gives you the names of all of the reps from your area. Doing that is a much better outlet than attacking each other on this board.
Excellent idea. I'm also charging up my cards, so I hope you bail me out! SM
But wait. If I bail you out and you bail me out and we bail out AIG and the government bails out mortgage-skippers and China bails out the US and...somebody tell me again, where does all this money come from? It's all so confusing.
Foreign investors. China and Russia insisted on Fannie Mac bail out.
dd
What in the world are you
talking about ??? Oh, wait, I get it. The writer above said his mother said If Roe v. Wade is overturned, that's it for me. Out of that entire article that one sentence is what jumped out at you??? Our country is in a really really big mess both domestically and foreign policy-wise. The full and total attention directed towards the empire the Bush administration is so desperate to build will be what finally does us in and Roe v Wade is the most important issue on the table for you??. Prioritize, and by the way, we are killing babies, ones who are already here, the unborn ones in Iraq, in their mothers' wombs when their mothers are shot, men and women, American and Iraqi, British, Italian, etc. right now. Killing is killing is killing. It is what it is. It is not wrong in the US to kill the unborn but just fine and dandy in Iraq.
World War III....sm
With the news of Israeli conflict, Iran's missles, Iraqi War, I feared we were entering WWIII, so when I read this article today it confirmed my suspicions.
I don't know how in the world...
you turned this article which is about the major cheerleaders for the Iraq war, the neocons, into something that maligns the left. The only thing left about this article is me and the fact that I posted it on the liberal board. This article says neocons are upset. Neocons think the current administration is incompetent. Neocons regret what they have done in the past and would not do it again. None of this has anything to do with the American left or all those worldwide who thought attascking Iraq was a farce from the beginning. We have not turned on public opinion. We have been anti-war since before it started. Public opinion was very much against us in the early days of the war, in this country anyway, but some of us knew this would turn out to be the disaster it is. I myself was flabberghasted when I read what these neocons said. I never thought I would see the day Richard Perle or David Frum would have regrets and voice them to the public.
Just in your little world....
you are rather ad nauseum in your hate and bile...keep it up, you'll help her get elected....
How do you know what my world is.....
You make that assumption when in fact, you know nothing about my life. I come from a home where we were dirt poor but it was all I knew, so I didn't know we were poor. And there was no 2 of us as in your home. There was a single mom with two children. She worked a factory job where ladies there were treated horribly, making very little. We grew our own food when we could and I ate the same stuff over and over until I was sick of looking at it. But it was ours. No one said it was easy to get a job but my uneducated mother found a job and because she had no college education, she worked her butt off for very very very little. My clothes were homemade and not store bought like the girls I went to school with. She worked 2 or more jobs to have something under the tree at Christmas. She took a cheese sandwich to lunch everyday (and nothing else) and went to work burning up with a fever because as far as the boss cared, they could find somebody else to put in your place. My mother gave and gave and hasn't gotten anything financially to show for it to this day. Work is all I knew. I applied for a PELL grant to go to college (and for the poor, they can also get those, even those that aren't really considered poor can get them). I worked more than one job, went to classes, and then went to work again. I didn't know what a free ride was and never knew anything about welfare, etc. My mother NEVER took a dime from the government. I bought a piece of a junk car to get around in...seemed good enough for me, because that's all my mother had as well. You just prayed it kept running.
"we are just not buying into the mentality that we should just be lucky to have jobs and we should just work hard for our money" That is called entitlement mentality. Our community is packed full of those that feel entitled. Have another child, feel entitled. Too good to flip hambugers?, no problem, feel entitled.
"I totally disagree with you and I am not all that intereseted in what people who have money think or what their opinions are about what to do with my money." Really? Obama is rich and feels perfectly at ease telling you what to do with your money and what he wants to do with your money! That doesn't bother you? I have no problem with a social program for those unemployed who needs food/clothing/shelter until they get back on their feet. That is not what happens....it becomes a way of life for millions who get very used to not having to do anything but feel "entitled".
"I am talking about rich people who do not pay taxes and get all the tax breaks and credits while I pay higher in percentage of taxes on everything, such that I cannot even survive on what I am making now." Obama is one of those.
I don't know where you live but there are PLENTY of help for the disadvantaged in my community. Taxpayer dollars have built new low income housing, single family housing at that, to the tune of millions. While my mother still lives in a home over 100 years old, those living in a brand new home (complements of taxpayers) at a reduced price, while they are able to ride around in a brand new vehicle. They have 24 hour security protection even though I am already paying for that once by the name of local police.(I don't have private security protection). They have ellaborate wrought iron fences that surrounds their little estate that costs taxpayers to the tune of thousands and thousands (I don't have a wrought iron fence around my home). Like this is going to keep out any unsavory people. Right!! THey just drive right in.
In addition, the people who really need this are the single moms and elderly who are struggling. This type of housing takes any incentive away to do anymore than they have to to to live there. After all, just one spouse has to work so they can say they don't make anymore than they do, and this affords them free housing, food, healthcare, and free babysitter by the name of Head Start. Why isn't the other spouse working? Because they may hit that magic number by a couple of dollars that put them over the "entitlement" line. My mother's highest grossing income ever was 11,000 dollars and she NEVER took a handout. She is now of Medicare age and living paycheck to paycheck. If I offer to help her pay bills, she will not accept it. I have gone in and taken her electric bill and just went down and paid it before she knew it.
"have you ever had to decide whether to buy groceries or to pay the electric bill that is going to be shut off" You make 40K a year and can't pay your electric bill? I'm certainly not implying that's a lot of money, but sister, my mother's total for the year is $10,800 and she pays her electricity, buys her groceries, pays home insurance, pays gas bill, small phone bill all with that. And that's on top of her health care bills and medication. She has just underwent breast cancer and mastectomy and still has managed, so don't tell me you can't afford to live on 40K a year. My husband and I raised two children on less than that and he didn't want me working for a lot of those years so I could be there with the children. And there are two of you working. Mother drives around in a jalopy of a car without air conditioning and we are in the humid south. She now has watched her beautiful neighborhood turn into HUD housing (also paid for by me), loud obnoxious children who manage to walk around in Tommy Hilfiger and other such expensive clothes but their two parents can't afford to pay their own rent? Same parents have new model vehicles sitting in their front yard while mother drives around in a wreck. Nobody paying for her house.
My daughter and her husband didn't make that until just recently and they still managed to put money away for hard times just in case and good thing, he lost two jobs back to back with downsizing and mergers. They never went to a movie, ate at home every night, no newer vehicles, just what they already had.
"the republicans just seem to want to get rid of dead weight and just use people as servants" (Where have you been?) When Obama gets through taxing you to death to pay for his own "social programs", just who do you think will be dead weight. Who do you think will be servants then? How in the world could you possibly think you will be better off financially by being taxed more to pay for more garbage programs? You will then definitely be a servant....to the government!! That's what welfare states are....that's what our public education system is.....they can't turn a page in a book without the government telling them it's okay. They can't teach what needs to be taught unless the government tells them what to read, how to teach. This didn't start with Bush...it started a long time ago. Public education is completely dependent on government funds and that is what has turned all the students in them into servants. It's a reality now, not after the next election. It's been a reality for several decades now.
As far as crime is concerned, even our local police chief (who is black) said the people committing crimes are and will continue to be just plain thugs, criminals. They have no excuse. Honest hardworking people do not just start going out and committing crimes because the economy is bad. What happens is little Johnny can't get his $200 sneakers and $80 jeans anymore (which is the parent's fault in the first place), so he feels "entitled" and goes out and robs, steals, and kills for money to buy them. Those who will do those things will do them regardless. It has nothing to do with the economy.
I'm not saying it is easy but if my mother can live o less than $11,000 a year, I feel 40K a year is doable, unless for some reason you have out of control debt through no fault of your own (credit cards, expensive vehicles, luxury items, etc.). I know unexpected medical bills can put many right over the top and I understand that. My husband's medical bills due to a chronic condition is growing every day and that is a concern for us but I see people with things they want but don't need and they complain they don't have enough money. I was listenign to a cashier at WalMart the other day griping about how she just didn't know how she was going to buy her baby's Bday present, and yet, she had hair braids that cost $180 to get done (I asked her, while she went on and on about how long it took to get it done)and salon nails to the tune of $50 a pop and yet she couldn't afford her baby a birthday present?!!
How in the world
can they compare the republicans to Hitler. I do believe that McCain wants smaller government.....not bigger government. A comparison of Hitler and Obama sounds much more feasible.
Why in the world does he need one
Is he running for office too?
How in the world
can you say the economy was doing great before the Dems took control of Congress? Bush has borrowed, borrowed, borrowed and now he's borrowing even more so his cronies can take billions before he leaves office.
What in the world
is this country coming to????? For goodness sake! I did not vote for Obama, but the man is human. I was nervous. Good grief!!! He is about to take a very big step in his life with responsibility that most of us in our right minds would not take. He looked nervous and excited to me coming towards the steps, and I am sure he was very nervous when he was being sworn in. I wish you people would just grow up.
Many of you sound like high school girls - - did you see Michelle's dress.... blah, blah, blah..... Bush had an embarrassed look on his face..... blah, blah, blah.....
GROW UP!
In a PC world, you
have to be politically correct at all times. Many people are sensitive about their children with disabilities. I could see where his comment could be offensive. However, it does not personally offend me and I have an autistic son myself.
I think a lot of people need to simmer down. Yes, it was a bad joke and he probably should not have said it, but his main point was that he sucks at bowling....nothing more.
Political correctness has really hurt our country. Any time someone says anything about color, sex, or race.....certain people will jump up and scream about it. Being the president, you are under a much bigger magnifying glass.
It is my opinion that he probably shouldn't have said it....but it isn't the end of the world. However, I'm sure if this had been Bush's goof.....the liberal media and dems would all be screaming about it.
So what? Not everyone in the world wants to become
N/M
How in the world is
this going to boost the economy? Joe Biden said yesterday that he would tell his family not to go anywhere in confined spaces like airplanes, subways, etc. The White House had to back peddle and rephrase what he said but I personally agree with Biden. You won't see me flying anywhere, etc. until I know for sure how serious this is. Less people are flying. No one is flying to Mexico. Do you know how devastating this will be to airlines, etc. if more and more people don't fly because of this? The airlines are already hurting.
Blame Mexico? It is true that this started in Mexico, but things happen. I don't hate Mexicans. I'm just tired of paying for illegal ones. I don't blame them for this flu. It could have started anywhere, etc. and as much as people travel...something like this was bound to happen some time.
I think your post sounds more like a conspiracy theory and I don't get into those. Besides, we have no vaccine for this. Money may have been given for research into a new flu vaccine but there is currently no vaccine for swine flu. So I really don't see where you get that we got a vaccine and now all of sudden....boom....everyone has the swine flu.
This is something that cannot be blamed on the current administration. I personally don't like the idea of Obama having been in Mexico with this all going on but we didn't know at the time. I personally feel that Obama has handled this swine flu thing well. He has tried to be informative yet to keep people from panicking at the same time. I personally do not feel that this is something we can hold over Obama by saying he hasn't kept us safe because the swine flu is in the US. I think that is just insane to say. Besides, the normal flu strain kills thousands of Americans each year and no one thinks a thing about that.
Why in the world would say
something like that? I know for a fact that these people take their religion very seriously. I don't think we should be making rude comments about other religions.
Why in the world would they
create such a program when common sense tells you that you have to give people more than what they paid in. Did they really think this was going to be sustainable? I'm sorry but free Viagra? I can't even get birth control covered by any health plan I've ever had and Medicare is making sure old farts can get a hard on for free.
I think if it was God' will to take him out of the world
He would have done it a lot more gentleman-like than this...heart attack at night...take him in his sleep...etc. I don't think He would have done it this way.
Of course, I cannot say what God does or doesn't do, because I'm not Him, but I just don't believe He would do it this way. I believe this was Satan's work, because it obviously hurt the pro-life movement instead of helping it. There will always be another Dr. Tiller around the corner, so killing them does not help anything, except to paint us as extremists (which we're not).
I just feel horrible for his family. I couldn't imagine losing my husband this way. It always terrifies me to think that I may not get to say goodbye.
I believe this man was wrong for what he was doing, but he didn't deserve this. I do hope they sentence the guy who did it appropriately.
Why in the world would we allow
people who aren't citizens have a say in our elections? If you want the right to vote, become a citizen....sheesh.
Exactly! At the end of WW I. (World war One)nm
nm
The world is going
x
too complicated of a world
In this complicated multifaceted world, nothing is black-white, good-evil..everything has to be weighed and judged..
They obviously believe there's only one terrorist in the world
I just don't understand why they think Bin Laden is the only terrorists. There are several major terror cells in the world all bent on destroying Western culture and Israel. I personally think Bin Laden is dead anyway.
How in the world did you get that from that post?
I mean REALLY! Talk about overreacting!
Starting a world war?
No, your President is doing that for you. 
We are not world police
So Saddam was a bad person..so what..that means we are supposed to sacrifice our hard earned taxes to pay for a war in Iraq? That means we are supposed to sacrifice our brave military to invade a nonthreatening country? There are many places in this old tired world where people are being brutalized..It is not our responsibility to be the world police, it is not our place to save the world from itself. If Iraq was a threat to America, that would have been a different story. This invasion and control of a Middle Eastern country was thought up in the early 1990s by Cheney, Perle, Wolfowitz. On the other hand, we are no better than Saddam now..We have killed hundreds of thousands of innocent Iraqis, destroyed an ancient country, we cant even give them full time electricity or fresh water or safe secure homes and jobs. The war was wrong, the situation in Iraq is worse than when Saddam ruled. Iraq was better off with Saddam in power. However, keep trying to justify the war..It provides me a chuckle daily when I see the republican spinmeisters come up with a different reason for invasion almost daily. Bush says Iraq will be a comma in the history books..I disagree, Bush will be looked upon as a warmonger who got it so wrong, a failed presidency
Where in the world do you get your "facts." SM
Please name the socialist states that are enjoying economic success. Name just one.
World War I flying ace...sm
Good evening everyone.
I would suggest ya'll take time and volunteer at any VA hospital....It'll give you a different perspective to hear what all generations of veterans are thinking about many issues you're debating....Considering we listen for a living you can glean quite a bit of information.... Cat
http://www.youtube.com/watch?v=Jlf---13Q0g
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