Well I have kept quite on Mindsay about how I feel about the economic bail out.  And after getting a little more information, talking to a few people (including accountants and one friend that works for the IRS), and then hearing that the House defeated the bail out bill; I felt it was time to open my mouth.

 

I say good for the House of Reps for defeating the dayum thing!  If you didn't know the buy out wouldn't have saved anyone?  Including us peons of the middle and poor classes?  If anything it would have harmed those of us that pay more taxes in then the rich ppl!

 

If you think I am shitting, you should have talked to your accountant and made a few phone calls to the IRS.  If the bail out would have gone through, come Febuary when the next installment of the bail out was destined to happen, those of us who pay in to taxes and get tax returns would have been ass out!  The big wigs and the politicians that wrote the bail out contract had it in their bill that if it came to pass, they would have taken everyone's tax return at next tax time. 

 

Now normally I am not a big Michael Moore fan, but Mr. Moore with the help of MIT Financial Students, came up with a different plan for the same amount of money of the first bail out.  That plan would have given each US Citizen 15-20 million dollars apeice.  Not couples but apeice.  Basically giving us back our own money.  Do you know what all of us could have done with that money?  We could have stabilized the economy!  Those banks who are sitting on bad loans, could have been paid off by those that are paying on the bad loans.  The housing market would have boomed!  Morgateges would have been paid off, those of us that rent would have been able to go out and buy a house.  The car industry would have increased because of everyone going out and buying new vechiles.  The Retail industry would have increased with ppl doing home maintanice, buying items they have been needing but couldn't afford, and the travel industry would have boomed also!  Not to mention we would have helped to bail out the financal institutions by investing our money.  Back bills would have been paid off, increasing business investments of companies that would have seen a windfall of money coming at them! 

 

Instead of helping these super rich coroprate men, they should look into helping the American People.  And I have said it before and I'll say it again; I know right were we can get soem extra cash and clean up a budget or two!  Take the dayum outragous income that still living Presidents and their wives get and cut it in 3/4 of what it is!  They have done their job they shouldn't be getting that much money after the fact they did their job in office.  The wives shouldn't get shit!  They didn't do anything for our gov't.  OOOOOOO they were ambassadors what ever.  They weren't on the pay roll they don't get retirement!  Same with the preisdential widows!  Their ol men made a butt load of money.  If they didn't invest it properally not the tax payers problems! 

 

Okay that little rant is over with.:d  So I finally put my two cents in on the bail out.  I think we the people should get the money to pay off our back bills, our morgatages, and go out and help the economy instead of giving it to the banks that screwed up and gave out bad loans! 

 
   

 


 
 
shadeofgray on
Re: Economic Bailout
we agree
witchwithwhips on
Re: Economic Bailout
no doubt.. and even IF they did get bailed out... how long would it take them to fuck up again? I say that's what they get for screwing around with other people's money
niassa on
Re: Economic Bailout
I totally agree.  It is the bank's fault in my opinion for loaning out all those ARM morgates in the first place.  And then it is the ppl's fault for not realizing that the banks will make sure they get their money and screw the lil guy!  I would always do fixed even if it means a higher interest rate!
danedahl on
Re: Economic Bailout
The Global Financial crisis: The new terrorism battleground

Here is an unsettling thought regarding the global financial turmoil that has suddenly befallen the entire world. When it comes to global banking and finance, coupled with the fact that international commerce and communication has resulted in enormous amounts of confidential data on individuals, banks, corporations, and even entire governments such as the United States, all stored in supposedly secure "cyber warehouses", warehouses that either are, or could soon be vulnerable to Quantum computer attack, because our banks and financial institutions rely on conventional encryption systems that could be ripped open, not in billions of years, which traditional computers require, but rather months, weeks, or maybe even days, by quantum computer attack. Something similar to this has already happened once. During the Second World War, advances in encryption science and computer technology allowed the Allies to crack open supposedly secure military codes used by the Japanese and Germans. I fear the same thing may be happening right now. Only this time, it is the United States and Western European financial institutions that are being laid bare. The American public just hasn’t been told the horrible truth. Not yet anyway. Quantum computers are based on theoretical models involving multiple universes. This sounds far-fetched to the average person, but some of the best minds in science subscribe to this theory. In fact, simplified versions of quantum computers are in the development stage, right now. And when it comes to theoretical implications of quantum computer science, don't make the mistake of assuming well-funded criminal organizations such as the Red Mafia and their Moslem terrorist allies, are incapable of developing more sophisticated applications. Much of modern Russia including former satellite countries such as Albania and Ukraine are now controlled by thousands of highly sophisticated mafia cells, that are top-heavy with engineers and Ph.D. scientists. Branches of this brutal crime cartel have long been in league with Muslim narco-terrorists in the Middle East and Asia; the Moslems may not be the “weak sister” in this unholy alliance, either. Militant Moslems have access to enormous wealth created by Arab oil, and some of the leaders of these fanatics are highly intelligent. One should remember Arabic numerals and the mathematical concept of zero were Moslem innovations. These advances took place decades ahead of anything Christian Europe was capable of doing. To translate this dismaying historical fact into the Twenty-first Century, I would point out that literally thousands and thousands of Moslems (including Arab, Turkic, Hindu, Pakistani, and Indonesian scientists and engineers) possess advance degrees in the fields of mathematics, electrical engineering, computer science, and super conductors. Vast numbers of these people were educated in the United States -- at enormous expense to the American taxpayer. The current financial quagmire that has suddenly befallen the Western world could be nothing more than the Red Mafia and its Moslem militant allies… hidden among this mass of Islamic scientists and engineers... saying to America and Western Europe, "Thank you!" in the name of cyber plundering and terrorism. My website www.TheMoslemInstitute.com touches on a plethora of problems such as plundering, exploitation, and human trafficking, created by narco-terrorism and its unholy alliance with the Red Mafia, from the militant Moslem viewpoint. For further detail, I suggest you read my current book The Pox of Mohammed which discusses this ongoing calamity from the organized crime viewpoint. Otherwise I am going to remain brief on this topic, because it touches on research I am conducting for my sequel historical fiction novel to The Pox of Mohammed. Suffice it to say, I believe the world-wide financial collapse we have witnessed, could be tied to much more than greed, recklessness, and stupidity on the part of international investment bankers, compounded by miserably incompetent and inadequate oversight by the Bush administration, as well several other western governments. Advances in cryptography and encryption science, may have allowed well-funded criminal-terrorist organization to crack open our secret financial systems. If this is the case, any and everything central banks and international financial markets try to do in the coming weeks, could be doomed to failure. -- Regards, Dane Dahl Historian and Author of The Pox of Mohammed www.TheMoslemInstitute.com


 
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