why won't this bailout die, part 1?

[bale002]

Quote:
Originally Posted by floridasandy View Post
i must give credit where credit is due however. only the combination of house republicans and the blue dog democrats together has stood between this bill and the selling out of america. both parties have members who are interested in saving us from the moneylenders.

Originally Posted by paperhouse

All 435 are up for reelection. Many of the ones that voted no are in tight races. I don't believe it was for us that they voted, if you know what I mean.

I fear that, in the end, komrades Bush, Paulson, Dodd, Frank et al will be able to buy enough votes.

Nonetheless, there is still some hope that constituents will maintain pressure and that enough Congressmen, representatives and senators regardless of party, will display some real human spirit.

Don't hold your breathe, but I suppose we'll know by this weekend.

[quelinda]

Originally Posted by luzianne

INSURANCE. Insure the subprime bonds/mortgages with an underlying FHA-type insurance. Government-insured and backed loans would have an instant market all over the world, creating immediate and needed liquidity.

CAPITAL GAINS TAX. Remove the capital gains tax completely. Investors will flood the real estate and stock market in search of tax-free profits, creating tremendous—and immediate—liquidity in the markets. Again, this costs the taxpayer nothing.B. This move will be seen as a lightning rod politically because many will say it is helping the rich. The truth is the rich will benefit, but it will be their money that stimulates the economy. This will enable all Americans to have more stable jobs and retirement investments that go up instead of down. This is not a time for envy, and it’s not a time for politics. It’s time for all of us, as Americans, tostand up, speak out, and fix this mess.

Can you explain how these distressed banking institutions will come up with the money sufficient to pay a FAIR premium on insurance for bad investments that they cannot even value properly? How does one underwrite this? Where do the banks get the money for the premiums, or should premiums be set artificially low so they can be afforded, and then the American taxpayer covers all the losses since the premiums wouldn't even begin to cover the anticipated losses.

While we are terminating the capital gains tax, can we also terminate the income tax for all people earning below $250,000? Or in your world is it only beneficial to cut taxes on income earned while the person owning the investments sits by his or her pool. In other words, why do you think its better for income earned on paper rather than from human labor avoid paying taxes while us working stiffs, who can only work so many hours in a day, have to cover all the taxes in this country? Once we cancel income tax on the middle class, they will have tons of freed up cash to buy things and inject some life into this economy. Why is that not a better idea than getting rid of the capital gains tax?

Oh yeah, and please do tell us where the lost revenues from the canceled capital gains tax will come from to somehow get us out from under this mountain of RECORD DEBT. Or do you not mind that our country is going deeper and deeper in debt, and the US dollar is becoming more and more worthless and our expenses are inflating higher and higher while our salaries remain stagnant? What, follow the GOP motto: SPEND SPEND SPEND and let the grandkids pay the Chinese? Is that the plan?

[WinterinAmerica]

It's real simple, no money, no credit, no credit, no car purchases, no home purchases, no lines of credit for purchases of industrial supplies and materials. No credit, no purchases, no purchases no manufacturing, no manufacturing... I hope you are getting the picture.