bailouts

Posted By: sm on 2008-09-19
In Reply to: Do you think our government should bail out FM/FM - me

It is not the American citizens' responsibility to bail out private organizations. As with any private business, if it is run poorly, it was go under; there is no difference here. The top administration has been handing out loans, BAD loans, for a while now to anyone and everything that moves, knowing full well they cann't repay the loan, even giving loans to those without a job!!! Now, that is corrupt, while at the same time top CEOs walking away with millions? Any other private business, even in your town, if run poorly or hits hard times, what happens, it goes under, simple as that. Thousands of people losing their jobs because of corrupt business practices. This country cannot afford and is not responsible to bailout corrupt businesses.

There should be no Federal Reserve. This country leans too heavily on this group of individuals to loan them money to the tune of billions and who do you think pays that back? The US citizen, not the government. Federal Reserve is not government affiliated, just unfortunately who our government and so many other foreign governments look to to make monetary decisions for their countries, which we definitely should not be doing. Federal Reserve says raise interest rates, don't raise interest rates......that is ridiculous. They decide monetary policies for this country.....they should not be doing that at all. Want to know why you should be very concerned about this latest situation and who is really behind the downfall, not just the CEOs but mainly the Federal Reserve is to blame.....period!! We as citizens really need to understand our economics and history policies...

Many didn't like Ron Paul but he has been preaching this day for a looooonnnng time. He understands it.

Watch this video and hopefully better understand

http://video.google.com/videoplay?docid=-466210540567002553

Complete Discussion Below:

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Do you think our government should bail out FM/FM - me
- I wonder who's going to pay for all this? - It certainly won't be the rich........
  - Contrary to popular belief.....the rich pay the - majority of taxes in this country.nm
- Whether we like it or not, it had to be done....sm - ms
  - You know what and who is to blame, don't you? - Ima Friend
    - Deregulation schemes.......... - sorry, wrong party.....
    - We are already too far down the road...sm - gloomy forecast
      - Say what you will....sm - ms
    - Yes....who's to blame....sm - ms
      - laffin my cheeks hurt - satinlizard
      - Democratic = surplus - Republican = debt - Heaven Help Us All
        This is not true - New Englander
        Calling all CLINTON LOVERS..... hard pill for - you to swallow.......sm
        you know someone is going - satinlizard
        The myth of the Clinton surplus...I'm a libertarian but I am sick of hearing this..SM - Dems and Repubs, Beast 1 and 2
        Excellent link - I never did "buy" the party line - me
        Clinton had a surplus because he had a...sm - ms
        Funny how the dems want to overlook this one important fact - me
        ha ha ha ha ha ha you're too much - satinlizard
    - Do you really think we won't have even a.... - passing through
    - yes! I posted below. Don't let - satinlizard
  - funny how the gomers strain at a gnat - satinlizard
    - Frederick Raines.... - sam
      - yeah, those are some of the names and facts ...sm - ms
    - what's a gomer? nm - Huh?
      - a small town dweller with hemorroids. - satinlizard
        Aaaah, experience, huh? - nm
        Lol. That's silly but funny! nm - Gomer Pyle. I get it.
    - Repubicans and Money - Heaven Help Us All
      - Bravo. A voice of compassion and - satinlizard
    - I do believe you just insulted me....not to mention...sm - ms
      - I do understand it, which is why I asked you - to please watch the link.....nm
      - I dont know who are you to insult - satinlizard
    - This is not Rep or Dem........ - sm
      - it has to do with McCain and - satinlizard
        Key word = deregulation! - Heaven Help Us All
        REALITY? Do you know who deregulated - the banks?? Bill Clinton!!!!!!!!
        Bush didn't create the federal reserve...... - economics 101.......nm
        Can you say d-e-r-e-g-u-l-a-t-i-o-n? - Elementary, My Dear!
        Can you say BILL C-L-I-N-T-O-N???? He - signed the deregulation act
        da doop. not responsive. nm - satinlizard
        Uh oh.......Bill Clinton, not BUSH - no response?
  - Thx - your explanation helped me understand it better - me
    - I agreed with your comment....sm - ms
  - Does your husband understand the - Federal Reserve???? nm
    - Like I said....sm - ms
      - If he believes what you just said, then no - he doesn't...........sm
- I am totally ignorant about the pros and cons...sm - oldtimer
  - Ignorance...... - sm
- Gold - sm
- bailouts - sm
  - Thank you - I agree 100% - me
  - Also why gold and silver should be our source - of purchasing, not paper money....nm

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I believe that bailouts......... sm
have to stop. I think the banking bailout was a HUGE mistake, regardless of who voted for it. Would we have crashed into a great depression had the bailout not been enacted? Probably so, and it would have been extremely hard and painful, but America did recover after the Great Depression and, in fact, enjoyed a relatively good prosperity for a number of years. Of course, I guess after the depression, anything looked like prosperity by comparison, LOL.

I think bailouts are just another example of how America wants things fixed and fixed NOW rather that working through the pain to find a solution. With that said, however, I don't know what the solution is and I don't think anyone else does either. I think we have become so programmed into our selfish, greedy, wasteful consumer mindset that we may never find what that solution is.

I am against the bailouts.
All of them. I understand why they want it blocked. There is nowhere to stop. It all started with helping the banks and AIG. Next comes the car industry. Then maybe timber--people are not building as many houses as they used to and there are a lot of loggers--it will destroy the Pacific Northwest to let that industry go down--then what? It is a slippery slope that we have already started sliding down and someone needs to stop it. Just my opinion. I don't think anything should have been bailed out, honestly.

History of bailouts

Instead of trying to blame for the bail outs I want to know how all this came about and I found an interesting site that gives a little history of different government bailouts in the past. Thought it might be interesting for some to read - just a little history (wish I liked reading about history this much when I was in high school).

http://blog.mint.com/blog/finance-core/a-brief-history-of-government-bailouts/

I think the problem with the bailouts...
is that there are no strings. That's why we see all the bonuses going out. They basically just gave Paulson (who obviously doesn't have a clue what to do) a blank check. I think they need to get rid of Paulson and put somebody in there who can actually make that money work. If they can't get rid of Paulson, put a freeze on him spending any more of it until they can get someone in there who knows what to do. If we freeze that money, then at least when we hit rock bottom we have SOMETHING to work with.

RNC is finally saying something about the bailouts. sm
RNC Draft Rips Bush's Bailouts.

http://washingtontimes.com/news/2008/dec/30/rnc-pushes-unprecedented-criticism-of-bailouts/

I was speaking about bank bailouts
not the stimulus. Two different things.

Since the banks are crying that they are losing money because of people not paying mortgages, etc., would it not make sense to boost them back up by providing the money THEY ARE GOING TO GET ANYWAYS to the homeowners first and therefore killing two birds with one stone?

Or no, lets just throw more money at them with no stipulations and no rules and bend over and continue to take it while they go on another vacation and laugh all the way to the bank. That definitely makes more sense.

Since people who rent aren't involved with the mortgage/bank crisis, no they would be left out of this one. But like Zville posted, they could be covered under the stimulus side of this "economic relief" that's being proposed.

How does it not tick you off that all the businesses are getting a bailout and "infusion" of cash but the average citizen is still going to suffer for the next two or three years?

Calculate your family's costs for the bailouts. sm
Bailout Calculator

http://www.right.org/welcome

I posted the illegal bailouts and I'm independent
Are you just lazy or what? The bailout information has already been distributed to the groups (mortgage modifiers) that Obama has determined will help the poor folks who couldn't afford their home but got it anyway and of course, the illegals who shouldn't be here in the first place.........

You act as if you know what's going on but it's obvious you are clueless. This is a done deal and you, an Obama supporter, don't even know it's happened. Now, that is scary! You put the jerk in office. What exactly did you think they were talking about while Obama stood up there yammering on and on about helping the housing market? Didn't you expect him to do bailouts? If not, what exactly did you expect him to do? Let the chips fall where they may........that would have been the American way.