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Old 09-21-2008, 01:13 AM
 
636 posts, read 1,832,775 times
Reputation: 246

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California is about 15 billion in the hole.

America is a bazillion in the hole or will be shortly with these bailouts.

 
Old 09-21-2008, 01:22 AM
 
Location: Concrete Jungle
240 posts, read 1,089,296 times
Reputation: 184
Without the bailout, I heard that we were nearing a situation similar to the Great Depression where the banks closed and there was no money to lend for homes, cars, business loans, etc. Rather scary stuff. It is such a shame that our entire country's financial resouces have been squandered away on a war that was not necessary in Iraq and on a policy that encouraged banks to make homeowners out of folks who could not afford homes. The American people will be paying for these mistakes for many years to come. I wonder who is going to be the first honest politician to speak up and tell us that higher taxes will be needed to pay for all of this.
 
Old 09-21-2008, 01:39 AM
 
2,724 posts, read 4,702,160 times
Reputation: 1325
Quote:
Originally Posted by Christine Joan View Post
Without the bailout, I heard that we were nearing a situation similar to the Great Depression where the banks closed and there was no money to lend for homes, cars, business loans, etc.
And every doom & gloom theory we hear sure ends up happening right?
 
Old 09-21-2008, 01:46 AM
 
Location: Concrete Jungle
240 posts, read 1,089,296 times
Reputation: 184
Quote:
Originally Posted by j760 View Post
And every doom & gloom theory we hear sure ends up happening right?
That is a paraphrase from the Secretary of the US Treasury. You tell me, does he have accurate information?
 
Old 09-21-2008, 02:08 AM
 
Location: los angeles
5,031 posts, read 8,121,603 times
Reputation: 1354
We are facing hard times for several more years, according to the "experts" [they seem very serious & gloomy - I believe we are in very bad shape. America can not afford the Iraq war & the fortune they we are providing that nation. President Bush will leave the White House having put our nation in deep debt - thanks alot, moron
 
Old 09-21-2008, 03:16 AM
 
51 posts, read 196,064 times
Reputation: 43
Quote:
Originally Posted by LALady View Post


California is about 15 billion in the hole.

America is a bazillion in the hole or will be shortly with these bailouts.

LA LADY... my comment is: I think Universal Heathcare was cheaper!


 
Old 09-21-2008, 05:00 AM
 
636 posts, read 1,832,775 times
Reputation: 246
Quote:
Originally Posted by bettyklang View Post
LA LADY... my comment is: I think Universal Heathcare was cheaper!


Ain't that the truth! We couldn't have universal health care but we can bail out the banks. Banks keep their profits, share their losses with the taxpayer.

The current administration has messed things up but good!

Our kids will be paying for this bailout.

And kiss America's scientific might goodbye. We can't afford it.

One more thing: the republicans put in place strict bankruptcy laws for individuals. But the skies the limit for corporations.
 
Old 09-21-2008, 05:01 AM
 
Location: Los Feliz
488 posts, read 953,103 times
Reputation: 396
I think there will be plenty of interesting things happening in the next few weeks as the profiteers stash the loot and pardon themselves before the election. Taxpayers got their back.
 
Old 09-21-2008, 05:02 AM
 
636 posts, read 1,832,775 times
Reputation: 246
Quote:
Originally Posted by happ View Post
We are facing hard times for several more years, according to the "experts" [they seem very serious & gloomy - I believe we are in very bad shape. America can not afford the Iraq war & the fortune they we are providing that nation. President Bush will leave the White House having put our nation in deep debt - thanks alot, moron
Before the election, someone's got to make the american people see how totally SCREWED the country is.
 
Old 09-21-2008, 05:03 AM
 
636 posts, read 1,832,775 times
Reputation: 246
Quote:
Originally Posted by msnorman67 View Post
I think there will be plenty of interesting things happening in the next few weeks as the profiteers stash the loot and pardon themselves before the election. Taxpayers got their back.
to the tune of $2,333 per person!!!!!!!!!! holy crap!
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