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It's not like they're going to send you a bill tomorrow and make you pay up now or take your savings account. We'll definately pay for this (or our kids will, or their kids will) but it won't be a lump sum or soon. Not saying it's a great thing but the alternatives aren't that great either.
as long as you don't have to suffer you're more than happy to gamble your childrens future? please tell me that's not what you meant!
Not sure if it has been posted or not, but Fox news interviewed Ron Paul yesterday regarding the bailout and what he thought of it including what he has been hearing as to how congress will vote.
He states that if the bailout doesn't happen, a serious recession will happen for about a year which will be less of an issue if they go ahead with it and allow them to devalue the dollar even further. Considering how he is generally correct about predicting most of these economic issues, I have no reason to doubt him.
sometimes i wonder why he even bothers. Hes the only politician who knows wtf hes doing. The majority of the american public doesnt deserve him.
I love when that dumb **** for fox tries to say this problem all started 18 months ago lmao
He put her right in her place
Not sure if it has been posted or not, but Fox news interviewed Ron Paul yesterday regarding the bailout and what he thought of it including what he has been hearing as to how congress will vote.
He states that if the bailout doesn't happen, a serious recession will happen for about a year which will be less of an issue if they go ahead with it and allow them to devalue the dollar even further. Considering how he is generally correct about predicting most of these economic issues, I have no reason to doubt him.
obviously i agree wholeheartedly with dr paul but i was a bit annoyed with his questioning yesterday. he didn't quite get to the point as well as sen. jim demint. Ron Paul needs to be more concise with his answers.
if the banks go down, the US economy goes down. Don't they get that? Global banks are also hurt (as we have witnessed already in the past wewk) "Go ahead, let the big banks fail" Where does the media pick these stupid people to make news headlines on? I seriously doubt they contribute much tax dollars to the national coffers anyways.
sometimes i wonder why he even bothers. Hes the only politician who knows wtf hes doing. The majority of the american public doesnt deserve him.
I love when that dumb **** for fox tries to say this problem all started 18 months ago lmao
He put her right in her place
agreed. I however don't like it when silly fox bimbettes say that the problem started 18 months ago. it really pisses me off and Ron Paul should have given her a more curt, focused response instead of going off on a tangent about the fed, inflation, austrian economics etc.
everytime he gets prime media exposure he should grab the opportunity to get more support on board. the problem often is that to those who don't know his policies, it can be confusing because he sometimes waffles.
i'd like to see someone like peter schiff or david tice getting into the mix and running for office
obviously i agree wholeheartedly with dr paul but i was a bit annoyed with his questioning yesterday. he didn't quite get to the point as well as sen. jim demint. Ron Paul needs to be more concise with his answers.
Ron P. definately isn't the best speaker and can go on tangents, he would definately benefit from speech writers. I do like how Jim asked some very direct questions regarding all the influence the treasury was doing and getting him to answer if that was a good approach (basically making them state in soo many words they screwed up).
as long as you don't have to suffer you're more than happy to gamble your childrens future? please tell me that's not what you meant!
Isn't life a gamble? Seriously, I don't think anyone truely knows what would happen if we do nothing and just let it go. I'm betting there'd be a lot of people standing at the food bank totally broke which I'm sure many from/in europe would dance a *** over.
You see, there's already been somewhat of a panic which I'm sure would go full bore if this is just let to run it's course and wipe out many peoples finances but then who really knows for sure?
Do you take the risk and find out? Many smart people in the last 20 years have tried to guide this economy or pick the right stocks and have been totally wrong more times than right.
I think from the info we have (which isn't much) I'd rather take the bailout with a good chance it'll be repaid just like the s&l fiasco and a chance it'll be at a profit then not and have what I judge to be a decent chance that many will be wiped out.
Do you think it's worth the risk if YOUR butt or family was on the line?
People don't get that we have had bear markets and bank failures for 4,000 plus years and it is not going to stop now. Companies that make bad decisions that threaten their existence need to FAIL to teach everyone the correct lesson. Instead people on this board seem to advocate giving these companies our money via corporate welfare. If we have all our major banks fail do you think other banks will not open and have learned an important lesson so they don't have this happen again? EVERYONE TRY AND READ SOME FINANCIAL HISTORY AND QUITE GIVING IGNORANT COMMENTS TO SUPPORT A FLAWED SYSTEM. This of course is not towards people who support letting the free market do what it does best, set proper price levels and expunge excesses. If you only want things to go up and never down then you should move to a socialist country were they take care of you and tax you so everything is always ok. The is America, land of the hardworking and a place where you can build something from nothing and not have it taken from you unless you break the laws.
People don't get that we have had bear markets and bank failures for 4,000 plus years and it is not going to stop now. Companies that make bad decisions that threaten their existence need to FAIL to teach everyone the correct lesson. Instead people on this board seem to advocate giving these companies our money via corporate welfare. If we have all our major banks fail do you think other banks will not open and have learned an important lesson so they don't have this happen again? EVERYONE TRY AND READ SOME FINANCIAL HISTORY AND QUITE GIVING IGNORANT COMMENTS TO SUPPORT A FLAWED SYSTEM. This of course is not towards people who support letting the free market do what it does best, set proper price levels and expunge excesses. If you only want things to go up and never down then you should move to a socialist country were they take care of you and tax you so everything is always ok. The is America, land of the hardworking and a place where you can build something from nothing and not have it taken from you unless you break the laws.
People don't get that we have had bear markets and bank failures for 4,000 plus years and it is not going to stop now. Companies that make bad decisions that threaten their existence need to FAIL to teach everyone the correct lesson. Instead people on this board seem to advocate giving these companies our money via corporate welfare. If we have all our major banks fail do you think other banks will not open and have learned an important lesson so they don't have this happen again? EVERYONE TRY AND READ SOME FINANCIAL HISTORY AND QUITE GIVING IGNORANT COMMENTS TO SUPPORT A FLAWED SYSTEM. This of course is not towards people who support letting the free market do what it does best, set proper price levels and expunge excesses. If you only want things to go up and never down then you should move to a socialist country were they take care of you and tax you so everything is always ok. The is America, land of the hardworking and a place where you can build something from nothing and not have it taken from you unless you break the laws.
Except all through history these institutions didn't have their tendrils this deep in the economy or did you miss that part? Do I care if a brokerage house fails? No, not really the market will survive. Do I care if all credit stops because all the banks fail? Yep, sure do. Do you really think if we have a massive collapse you will remain untouched? I'm willing to bet that very few will be untouched if a massive failure happens. No one on this board knows all of what's gone on or what's currently going on for that matter. You here what is let out otherwise they'd have live cameras going. I have to thnk that the 3 top people in this government (Bush,Mcain,Obama) wouldn't be on the news saying we're in deep doo doo if it weren't so and that the effects of doing nothing would be catastrophic. Oh, throw in all fed guys as well.
If I believed they were all in a grand scheme to defraud the people with this then I guess I'd also have to believe that there are concentration camps waiting for amercians to be placed in them, that the government is about to declare martial law and that they are listening to us talk through my shut off tv.
Do I think there was some serious mis-management that got us here? Absolutely for many years! Which party do I think is to blame? Both! How do we do our best to stop this from happening again? Replace everybody that's an incumbent and put all new people in there.
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Seriously, I don't think anyone truely knows what would happen if we do nothing and just let it go. I'm betting there'd be a lot of people standing at the food bank totally broke which I'm sure many from/in europe would dance a *** over. 