the bail out really irks me
Posted By: ... on 2008-09-25
In Reply to:
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....
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What irks me is that we pay
for these politicians to keep things in line and they allow something like this to happen and then tell us it is our patriotic duty to foot the bill. Well....bite my big white butt. I'm not for the initial bail out of us taxpayers footing the bill, but McCain and some others are fighting for a bail out that will actually benefit us taxpayers instead of just making us pay for it all.
Obama, for example, is paid by taxpayers to be a state senator and instead of going to Washington and working on this....he says to call me if you need me...I'm leaving to continue my campaign. For someone who claims to want to help the middle class.....his actions sure do speak a lot louder than his words. If he cared about the middle class, low class, etc, he would keep his butt in Washington like McCain and finding out a plan that will best benefit this country and not just give the CEOs of the banks a free escape route.
The thing that irks me about this
is that Obama is just doing this to get gay supporters back. Also, I think people in our government have too nice and too expensive benefits and we are footing the bill. The idea of not only them having great benefits but their life partners as well.......it just chaps my buns because I don't think they should have all the benefits they have now. I truly believe that if we cut back on some of their benefits, maybe they might actually start doing things that benefit their constituents instead of doing things that benefit their own bank accounts.
I'm bringing up post I did this morning as it really irks me.
I'm proud to be a gun-toting, religious, redneck from PA, but we are not any more racist than any other state or person.
The O thinks we are all of the above, so why does he keep coming into the state to campaign? You would think he would fear us. His buddy Murtha really blundered on his comment and now thinks an apology will smooth things over. If the O gets in, he will take our guns away and we will have no protection at all from criminals. It's our constitutional right to own guns.
He's a glib talker but what is he really saying? He definitely can't smile or debate his way through the terrorists.
Rendel-D, our precious governor, ran our state into the ground with giving money away to Philadelphia and Pittsburgh mostly for convention centers and sports centers and now for casinos. Why? He loves sports and gambling. When Rendel was mayor of Philadelphia, he almost bankrupt that city with his shenanigans. I'm so glad his term will be over soon. Maybe then Pennsylvanians will be able to get back to work. Our roads are back to being #1 on the Worst Roads in the U.S. He made sure there would be no money for road construction.
He promised all kinds of tax cuts, property taxes mostly, if the bill passed for the casinos. That was a few years ago. Where's the cut? Our property taxes went up, not down! No rebates as he promised, but we have 20,000 (exaggeration) different ways to play the lotteries between instant tickets and 3 digit, 4 digit, 5 digit, 6 digits, power ball, etc.
Casey-D didn't do a good job for us, either. He made everyone who owned a service business (that was me back then) pay 6% sales tax on our earnings EXCEPT lawyers and doctors. I'm confused. Don't they provide a service? Sure they do. He also upped our taxes. His son, sad to say, is now a Senator. First he ran for another post and won, and before that term was up, he ran for Senator and won. How can the people of of PA fall for this again? Just hearing him talk makes me sick.
Sorry, I don't buy the dems making a better life for us. They make it worse.
I will get off my soapbox now. 
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 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?
bail out the world?
So we have to borrow our own money so we can bail out the world? Call your Senator.
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
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