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Old 10-06-2011, 11:17 AM
 
Location: NC USA
3,384 posts, read 3,980,309 times
Reputation: 1792

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Are these short-sighted idiots really blaming Wall Street? Why? Because they have the money?

Who bailed out Wall Street? Who started this mess in the first place? Who keeps spending money like there is no tomorrow?

It's your government. Protest them, protest their corruption, protest Dodd & Frank, protest high taxes, protest over-regulation, protest intrusion into your life. Protest croneyism and lobbyists.

Get smart!
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Old 10-06-2011, 11:39 AM
 
Location: Fairfax, VA
3,829 posts, read 2,656,145 times
Reputation: 3670
The banks have all paid back their bailout money WITH INTEREST.
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Old 10-06-2011, 11:41 AM
 
1,461 posts, read 2,858,300 times
Reputation: 598
so just what would have happened if the government didn't bail out the banks and auto companies.....lets see....first thing would be......hundreds of thousands of employees would have lost their jobs so instead of 9% unemployment we would have had upwards of 20%+ unemployment. Even banks aren't run by one person. There are thousands of employees that work at banks. think about it.
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Old 10-06-2011, 11:42 AM
 
2,086 posts, read 1,311,440 times
Reputation: 1395
The rich and these corporate entities are mostly guilty of doing what they're designed to do - earn money. It's when the government interferes too much with the free market, it creates the situation we find ourselves in (unbalanced Capitalism) with crooked politicians favoring their contributors, tax loopholes for huge corporations, oppressive regulations that discourage competition and new developments and a climate that's perfectly suited to protect and reward corporations at the expense of taxpayers. If we go to Vegas and blow our life savings at the roulette table, we're bankrupt. If Wall St. does it, Uncle Sam swoops in and refunds their losses.

Blame our Government for bloating our tax code into 70,000+ pages of loopholes for the rich. Blame them for deeming businesses too big to fail and bailing them out with our money. Without the interference of our Government, Wall St. crooks and tax cheating companies would fail and vanish.

It's not just Republicans or Democrats causing this problem; it's both. Seven of the ten wealthiest members of Congress are Democrats and politicians don't get rich off their salary.
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Old 10-06-2011, 11:44 AM
 
3,595 posts, read 3,573,502 times
Reputation: 4957
Yeah right, LACK of regulation is what led to the meltdown in the first place. Ever since glass steagall was killed, the entire world economy has gone to hell. Frank-Dodd bill is Glass Steagall lite. There is still a $600,000,000,000,000 derivatives market running around almost entirely unregulated. Please explain to me why we've seen record prices for commodities and subsequent crashes for things like food, oil, and now just recently gold when the prices have had far outstripped supply and demand theory. Without question the markets are becoming increasingly manipulated by Wall St. firms. Blame the government? That's only part of the problem. Wall St is running around with historically less regulation than ever before and things have gotten much, much worse.
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Old 10-06-2011, 11:45 AM
 
3,595 posts, read 3,573,502 times
Reputation: 4957
Quote:
Originally Posted by LetsRock View Post
The banks have all paid back their bailout money WITH INTEREST.
That's such a superficial and myopic assessment. That's AFTER the fact that the economy tanked. That's AFTER the fact that thousands of people have lost their homes and jobs. That's AFTER the fact that people have lost their life's savings for retirement.
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Old 10-06-2011, 11:48 AM
 
Location: Tampa Florida
22,243 posts, read 14,732,531 times
Reputation: 4583
The bosses of Govt, are on Wall Street.
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Old 10-06-2011, 11:50 AM
 
813 posts, read 671,505 times
Reputation: 491
Wall Street and the government are connected entities. Those who are setting unfavorable policies are either influenced by moneyed interest or came directly from places like Goldman Sachs.

The libs think its all the fault of banks/big business and the repugs think only government is to blame. They are both not seeing the full picture because their heads are deep in an ideological rectum.
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Old 10-06-2011, 11:55 AM
 
Location: San Diego California
6,797 posts, read 6,118,692 times
Reputation: 5171
Quote:
Originally Posted by BigHouse9 View Post
Are these short-sighted idiots really blaming Wall Street? Why? Because they have the money?

Who bailed out Wall Street? Who started this mess in the first place? Who keeps spending money like there is no tomorrow?

It's your government. Protest them, protest their corruption, protest Dodd & Frank, protest high taxes, protest over-regulation, protest intrusion into your life. Protest croneyism and lobbyists.

Get smart!
Who owns government.....Wall St.
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Old 10-06-2011, 11:58 AM
 
813 posts, read 671,505 times
Reputation: 491
You can't blame these rightwingers that much, after Bush II they have become even more schizophrenic considering they had supported big government for 8 years. Now all of a sudden with a Dem president they see themselves as purists they never were in the first place.
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