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Location: The land of erternal summer to Murfreesboro, TN
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Just curious as to what people think. Is this new bailout a good idea? Will our economy totally crash if there is no bailout? Watching the news right now and some people say yes and others say a bailout is unamerican.
What say you?
i say give them the money, heck don't make them pay tax payers back. BUT they should then have to forgive EVERY loan they had made in return. Wipe the slate clean for everyone.
Location: The land of erternal summer to Murfreesboro, TN
1,109 posts, read 2,960,229 times
Reputation: 411
Quote:
Originally Posted by Wild Style
i say give them the money, heck don't make them pay tax payers back. BUT they should then have to forgive EVERY loan they had made in return. Wipe the slate clean for everyone.
Somehow I don't think that will ever happen! The working stiff will still have to pay and pay and pay.
I mistyped the title of the this thread too. It is 700 billion dollar bailout!
It hasn't crashed yet. I think it will recover on its own.
And by the time both parties (especially the Democrat spenders) come up with a bailout plan the tab will be around $2T. Pulling $2T out of the hands of taxpayers seems like a much worse plan. Why not let the people that invested in these companies pay for their own mistakes?
Just curious as to what people think. Is this new bailout a good idea? Will our economy totally crash if there is no bailout? Watching the news right now and some people say yes and others say a bailout is unamerican.
What say you?
Handing out free money JUST to move debt from the left hand to the right hand is NOT a good idea.. the problem is still there... Would you like to pay 10-15% more taxes just to MOVE debt around? Its like playing musical chairs and saying that playing this game fixes the problems that there isn't enough chairs... except TAXPAYERS are the ones who doesn't have a chiar...
Yes, there is significant economic turmoil... is it disastrous? NO, don't listen to "opinions" and make-believe hype... there will be NO crash, but there will be a significant recession, that much is a given... what do you expect when Americans have been living beyond their means for SEVERAL decades in addition to creating businesses for "niche" markets and get loans in the millions for a failing business model... anyone could of told of you that any downturn and these niche markets will be the first to go.. was it ANY surprise that these small business niche markets fail... Will large corporations who have been propping up these niche markets to turn a profit have serious problems? Absolutely, why shouldn't they? Spend money like an idiot and you will go bankrupt and so they have...
Bailout is not necessary... NONE whatsoever 1) It doesn't "fix" anything, it only moves debts around 2) Taxpayers will be left holding the bag 3) Increase inflation 4) It does NOT stop more bailouts 5) Props up business that SHOULD fail and be gotten rid of 6) Bails out mostly the wealthy...
All this "fearmongering" is to push people to accept a bad deal... when someone uses FEAR to make you do something, you KNOW it is a bad idea... when someone tells you that this is the "only" solution, you KNOW it is a bad idea... when someone who thinks bailing out the mostly wealthy, will save the economy... they are just flat out LYING... take a minute to think about it... if it sounds like a bad idea... IT IS...
It hasn't crashed yet. I think it will recover on its own.
And by the time both parties (especially the Democrat spenders) come up with a bailout plan the tab will be around $2T. Pulling $2T out of the hands of taxpayers seems like a much worse plan. Why not let the people that invested in these companies pay for their own mistakes?
still getting caught up in trivial things like democrat/republican i see.
I don't believe in democrat or republican. I have always said I don't believe in democracy. I don't think any tom, rick or harry should be allowed to vote. Personally I don't think most people have the mental capacity to vote. Not saying people are dumb, just saying most are extremely ignorant on issues such as international politics, economics, social issues etc. Things that are extremely important when it comes to choosing a leader of a country.
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The working stiff will still have to pay and pay and pay.
I was under the impression
