Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Politics and Other Controversies > Elections
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 09-29-2008, 09:19 AM
 
3,555 posts, read 7,819,899 times
Reputation: 2346

Advertisements

This is so much fun, watching my retirement accounts melt, watching Congress give my tax money to millionaires, gosh it makes me all warm and tingly. If you like this bailout, you're going to LOVE the next one-probably sometime in '09.

Because the next one is going to be HEDGE FUNDS and OIL SPECULATORS. The same guys who've been screwing us for 2 years will be back next year when oil drops back to $30. That'll be a great 3:00 AM phone call. I just hope to heck it's not McCain taking the call.

You remember John McCain don't you? The same guy who TOLD US he doesn't know much about Economics, and then LIED and said he never said it! Oh, that's right in McCain land there is no "YOU-TUBE" or other "reality based" evidence.

The guy who's principle Economic advisor was/is Phil Graham (R/UBS Paine Weber), who called us a "nation of whiners". After dumping Graham (wink, wink, nudge, nudge), kind of like he "suspended" his campaign, McCain assembled an "impressive collection of economists, professors and prominent conservative policy leaders" (I guess that;s code for "failed economists from Reagan and Bush I and other discredited hacks from the Heritage Foundation).

And who do you think was prominently featured on the "top 40 list" of McCain advisors? Kevin Hassett, co-author of "Dow 36,000"!

WOW, our problems are solved, I feel better already.

golfgod
Reply With Quote Quick reply to this message

 
Old 09-29-2008, 09:24 AM
Noc
 
1,435 posts, read 2,060,488 times
Reputation: 614
The Big three in Detroit got their bailout passed last week too. 25 billion total to GM, Form, Chrysler.
Reply With Quote Quick reply to this message
 
Old 09-29-2008, 09:25 AM
 
Location: Orlando, FL
973 posts, read 2,220,482 times
Reputation: 383
You think it'll be any different under Obama? Both parties are for bailouts when people fund their pockets. If you're this upset about it, vote for a 3rd candidate.

ACORN Issue Fueling Bailout Opposition, By Ryan Grim - CBS News
Reply With Quote Quick reply to this message
 
Old 09-29-2008, 09:26 AM
 
594 posts, read 1,040,517 times
Reputation: 311
Quote:
Originally Posted by golfgod View Post
This is so much fun, watching my retirement accounts melt, watching Congress give my tax money to millionaires, gosh it makes me all warm and tingly. If you like this bailout, you're going to LOVE the next one-probably sometime in '09.

Because the next one is going to be HEDGE FUNDS and OIL SPECULATORS. The same guys who've been screwing us for 2 years will be back next year when oil drops back to $30. That'll be a great 3:00 AM phone call. I just hope to heck it's not McCain taking the call.

You remember John McCain don't you? The same guy who TOLD US he doesn't know much about Economics, and then LIED and said he never said it! Oh, that's right in McCain land there is no "YOU-TUBE" or other "reality based" evidence.

The guy who's principle Economic advisor was/is Phil Graham (R/UBS Paine Weber), who called us a "nation of whiners". After dumping Graham (wink, wink, nudge, nudge), kind of like he "suspended" his campaign, McCain assembled an "impressive collection of economists, professors and prominent conservative policy leaders" (I guess that;s code for "failed economists from Reagan and Bush I and other discredited hacks from the Heritage Foundation).

And who do you think was prominently featured on the "top 40 list" of McCain advisors? Kevin Hassett, co-author of "Dow 36,000"!

WOW, our problems are solved, I feel better already.

golfgod
How would you be better off without the bailout? How would that keep your retirement account from "melting?"
Reply With Quote Quick reply to this message
 
Old 09-29-2008, 09:32 AM
 
Location: Londonderry, NH
41,478 posts, read 59,526,017 times
Reputation: 24856
First it was the home mortgage market. Next will likely be auto loans and personal credit cards. Then will be the commercial banks and international investment fund and trust houses. Finally the rest of the equities market will collapse under the weight of more promises than cash. No matter how much relief and bail out is expended the market will adjust to the economic reality and reset prices to represent real value instead speculative value.

I object to this bailouts because the money is going to people that can afford to loose and should have know enough to get out of the speculation in time and because it simply won’t work.
Reply With Quote Quick reply to this message
 
Old 09-29-2008, 09:34 AM
 
2,156 posts, read 11,118,945 times
Reputation: 800
The pols are now calling it a 'rescue plan', not a bailout. Bailout sounds too much like a giveaway.
Reply With Quote Quick reply to this message
 
Old 09-29-2008, 09:54 AM
 
Location: Orlando, FL
973 posts, read 2,220,482 times
Reputation: 383
Quote:
Originally Posted by Southside Shrek View Post
The pols are now calling it a 'rescue plan', not a bailout. Bailout sounds too much like a giveaway.
You can put lipstick on a pig, but it's still a pig.
Reply With Quote Quick reply to this message
 
Old 09-29-2008, 10:00 AM
 
Location: By the sea, by the sea, by the beautiful sea
68,271 posts, read 53,994,055 times
Reputation: 40551
Quote:
Originally Posted by ucfjtm View Post
You can put lipstick on a pig, but it's still a pig.


And welfare is still welfare when it's given to corporations.
Reply With Quote Quick reply to this message
 
Old 09-29-2008, 10:01 AM
 
4,173 posts, read 6,663,770 times
Reputation: 1216
Last I heard it was being marketed as a "buy in". Apparently, we own banks now. I sure feel rich!!
Reply With Quote Quick reply to this message
 
Old 09-29-2008, 10:01 AM
 
594 posts, read 1,040,517 times
Reputation: 311
Quote:
Originally Posted by GregW View Post
I object to this bailouts because the money is going to people that can afford to loose and should have know enough to get out of the speculation in time and because it simply won’t work.
Are you truly that short-sighted? Do you not see the downstream impacts?
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Politics and Other Controversies > Elections

All times are GMT -6.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top