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Post by Erick "Zap" Szczap on Sept 16, 2008 21:00:36 GMT -5
No, this thread isn't about healthcare. It's about government bailouts. news.yahoo.com/s/ap/ap_on_bi_ge/aigAside from the various subsidies that our government gives to select industries (::cough cough:: oil companies ::cough cough: it's also making quite the habit of bailing out companies that have made bad mistakes and are now paying for them. Bear in mind that they're doing it at our expense. So are you guys all cool with these bailouts? Should we bail out the auto makers next? And then perhaps the airlines? Maybe we should just cut to the chase and let the government take over our whole economy? That's where it appears we're heading. I'd like to hear some opinions on this. It seems this board is very anti-socialism, yet I never hear complaints about these bailouts that are as anti-capitalistic as can be.
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Post by Erick "Zap" Szczap on Sept 17, 2008 18:32:10 GMT -5
Twenty views, no opinions. Stunning.
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Post by Erick "Zap" Szczap on Sept 17, 2008 20:18:39 GMT -5
:: Crickets ::
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Post by Anthony Snook on Sept 17, 2008 21:37:15 GMT -5
Sorry sir, I only get on the internet while at work Yahoo just happens to be a site I can't on, along with YouTube. While I would like to read the link you put up, I just can't. That explains 2 views. Don't know about anyone else.
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Post by Mat Helmer on Sept 18, 2008 12:18:04 GMT -5
No, this thread isn't about healthcare. It's about government bailouts. news.yahoo.com/s/ap/ap_on_bi_ge/aigAside from the various subsidies that our government gives to select industries (::cough cough:: oil companies ::cough cough: it's also making quite the habit of bailing out companies that have made bad mistakes and are now paying for them. Bear in mind that they're doing it at our expense. So are you guys all cool with these bailouts? Should we bail out the auto makers next? And then perhaps the airlines? Maybe we should just cut to the chase and let the government take over our whole economy? That's where it appears we're heading. I'd like to hear some opinions on this. It seems this board is very anti-socialism, yet I never hear complaints about these bailouts that are as anti-capitalistic as can be. There shouldn't be bail-outs, especially when the money comes from the FED.
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Post by Erick "Zap" Szczap on Sept 18, 2008 16:59:27 GMT -5
So did you guys enjoy the $180 BILLION that the Fed (along with other central banks) pumped into our economy today? Awesome for the banks. Not so awesome for the value of your dollar.
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Post by Mat Helmer on Sept 18, 2008 18:23:34 GMT -5
So did you guys enjoy the $180 BILLION that the Fed (along with other central banks) pumped into our economy today? Awesome for the banks. Not so awesome for the value of your dollar. That makes it worth 3 cents now?
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Post by Erick "Zap" Szczap on Sept 18, 2008 18:43:13 GMT -5
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Post by Jason Bushnell on Sept 19, 2008 4:26:27 GMT -5
Democracy has been killed by extreme capitalism in our country. The bail outs just show that capitalism has taken over the government. The big companies are bailing them selves out. The make money at all cost attitude is going to the extreme. They do not care if they fail they will still take our money. The elite have total control. Hell CEO of failing companies get 10million to leave or what the average worker would make in 250 years. Does any one really work 5000% harder than another?
We have to have some socialism to balance the ill effects capitalism is having on our economy. Yet to go the extreme would be just as bad. We have to find middle ground.
20% of the US population holds 80% of the wealth and 99% of the power.
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Post by Andrew Fournier on Sept 19, 2008 9:31:34 GMT -5
Welcome to the USSRA. United Socialist State Repulbic of America
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Post by Erick "Zap" Szczap on Sept 19, 2008 21:07:16 GMT -5
Man, all those 'conservatives' that were chiming in on their hatred of socialized healthcare sure have been quiet on this topic. Strange... Here's another link on the topic: news.yahoo.com/s/ap/20080920/ap_on_bi_ge/financial_meltdownSome key highlights from the article, since I know most of you won't read it: Struggling to stave off financial catastrophe, the Bush administration on Friday laid out a radical bailout plan with a jawdropping price tag — a takeover of a half-trillion dollars or more in worthless mortgages and other bad debt held by tottering institutions. A grim-faced President Bush acknowledged risks to taxpayers in what would be the most sweeping government intervention to rescue failing financial institutions since the Great Depression.Now people, think for a minute. Seriously. You're talking about a federal government that can't afford Social Security or Medicare. You're talking about a federal government that is trillions of dollars in debt. And now this same federal government is going to take on an additional $500 billion in bad bank debt? Just ask yourself for a second, where is this money magically coming from? IT'S COMING FROM YOU. There are 300 million americans. This bailout will cost $500 billion. Let me type that out for you. $500,000,000,000 This bailout will cost EVERY MAN WOMAN, AND CHILD in America $1600. Did YOU make these bad loans? Did YOU default on your mortgage? Did YOU invest in bad derivitive products on Wall Street? Did YOU make a fortune off of the 'bubble' economy while the economy was artificially inflated? If you're like 99.9% of America, NO, you didn't. But you're about to pay for the sins of those who did. And mind you this is IN ADDITION to the $29 BILLION Bear Stearns bailout, the $300 BILLION Fannie and Freddie bailouts, and the $180 BILLION injection made by the Federal Reserve earlier in the week. $500,000,000,000 300,000,000,000 180,000,000,000 + 29,000,000,000 _______________ 1,009,000,000,000 That's over $1 TRILLION for those of you that aren't used to seeing these numbers as actual numbers. Now take that and divide it by the population of the United States. That's nearly $3400 for every man, woman and child in America. Know what the beauty of this whole debacle is? The beauty is that it sounds GREAT today. Wall Street LOVED the bailout idea. Big Banks LOVED it even more. Why wouldn't they? They just robbed $1 trillion from America, and nobody even said boo.
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Post by Johnny Edwards on Sept 19, 2008 21:23:00 GMT -5
Yeah but again what can we do about it? besides get mad? I mean it does make me pretty dang mad Erick but what's the point in griping if we won't do anything? Im just a poor man who doesn't have no voice in the Government.
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Post by Erick "Zap" Szczap on Sept 19, 2008 21:29:04 GMT -5
You tell me, Johnny. Because you're one of those Americans who is about to pay $3400 because others got greedy. Any ideas? Any way to voice your disapproval?
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Post by Erick "Zap" Szczap on Sept 19, 2008 21:32:20 GMT -5
I should add, due to my current employment, this bailout is GREAT for me personally. But this is about AMERICA. When will AMERICA open its eyes?
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Post by Erick "Zap" Szczap on Sept 20, 2008 13:04:42 GMT -5
::crickets::
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