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Old 09-20-2008, 09:54 PM
 
26,745 posts, read 17,350,392 times
Reputation: 10531

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George Bush wants taxpayers to pay $700 billion to bail out Wall Street for its reckless investments in mortgage-backed securities. That's on top of $800 billion for other recent bailouts, including A.I.G., Fannie Mae, Freddie Mac, and Bear Stearns.

The current financial disaster is the direct result of the Bush-Cheney Administration's 8-year policy of deregulation, corruption, and greed.

The Bush-Cheney Administration cannot be trusted to solve the massive problems they created. Before Congress gives the Bush Administration one dime of taxpayer money for financial bailouts, Congress must demand the immediate resignation of George Bush, Dick Cheney, and Henry Paulson and the appointment of Speaker Nancy Pelosi as President until our next President is sworn in on January 20, 2009.

MOD CUT

Last edited by NewToCA; 09-20-2008 at 10:25 PM.. Reason: no advocacy petitions
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Old 09-20-2008, 10:55 PM
 
Location: Victoria TX
42,663 posts, read 74,292,936 times
Reputation: 36087
This is your fault. You elected the congressmen. You told them that you are in favor of an economic system in which working stiffs can borrow more money than they can ever pay back, in order to fill their garage with obsolescent toys, trinkets and gadgets that they can't even sell for a dollar at a yard sale. At your command, they enacted all the necessary legislation that enables you and everybody else to maxx out a wallet full of credit cards, buy a new SUV with GPS to find their way to the mall, and a 62-inch plasma screen, and mortgage a house that would cost half their income, even without counting any escalator clauses, and take a Caribbean cruise every year, for a needed break from all the "hard work" they do in their $300 Guccis.

Be careful what you wish for.

A hundred million Americans owe more than they can ever pay, and nobody thought it was a crisis until a couple of giant lenders discovered that was the same boat they were in.
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Old 09-20-2008, 10:57 PM
 
Location: Here
10,866 posts, read 11,940,590 times
Reputation: 5986
The government must bail out the financial system "because if we don't, it will have a tremendous impact on American consumers, homeowners, taxpayers and the rest," House Speaker Nancy Pelosi, D-Calif., said in San Francisco.
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Old 09-20-2008, 11:18 PM
 
26,745 posts, read 17,350,392 times
Reputation: 10531
Do you see the monster that they have created? We had color coded terrorist threats and now we have to feed their horrifiic financial creature or we are doomed. Fear and more fear. Maybe America needs to fall before it can be put back together again. To hell with Corporate America. Why didn't they allow people to keep their homes at lower interest rates? Why were the bankruptcy laws changed to make it more difficult for the average working guy? It doesn't seem a bit bizarre to you that the people that lost their homes now have to foot the bill for the criminals that duped them into buying them? Something is rotten not in Denmark, but right here in the USA. We are pissing away money in Iraq and they have an 83 billion dollar surplus. This is insane. In what universe would there not be a revolution at this point? Do you realize that by bailing these criminals out, that we are in fact a Socialist Nation bordering on Fascism?
OMG!!!
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Old 09-20-2008, 11:24 PM
 
Location: CA
95 posts, read 284,851 times
Reputation: 50
Just because substantial loans are available doesn't mean that everyone has to go out and use them. This happens with the average citizen and corporations alike.
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Old 09-20-2008, 11:25 PM
 
Location: Boise
4,425 posts, read 5,278,153 times
Reputation: 1700
its disgusting.... I'm beyond words for this whole thing..
I really do feel they should just let the damn market crash...let it all fall down around our ears.. and put these people responsible in jail for a long time.. enact laws making ceo's personaly liable for thier decisions governing a corporation.. and rebuild this country and market on sound principles.. not greed and smokescreens and lobyists.
simply shaking hands with or speaking with a lobyist should be considered treason.
but its common place in this corrupt nation. Its rotten to the core...
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Old 09-20-2008, 11:39 PM
 
Location: Victoria TX
42,663 posts, read 74,292,936 times
Reputation: 36087
Quote:
Originally Posted by RLangben View Post
Just because substantial loans are available doesn't mean that everyone has to go out and use them. This happens with the average citizen and corporations alike.
You don't get it. Everybody DID go out and use them, and lenders knew they would, and the media was blanketed with ads to persuade the recalcitrant.
I'm getting really, really sick and tired of every single poster repeating over and over again the same old mantra: "I can do it, so there is no problem that needs to be fixed. Everybody can be like me." We don't need welfare, because anybody can go to college. We don't need doctors, becasue anybody can eat healthy. We don't need jails, because any parent can raise their kids properly. You are not offering solutions. I repeat 'YOU ARE NOT OFFERING SOLUTIONS!

(I'm sorry, RLangben, I don't mean to come down on you personally, but ths attitude is so pervasive in the postings on this board.)
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Old 09-20-2008, 11:50 PM
 
Location: DC area
1,691 posts, read 2,199,401 times
Reputation: 641
Solution wise, I heard an absurd, radical one earlier tonight from a caller on CNN. I warn you it is absurd at first but then after awhile it begins to sink into the huh, stage.

He asked since that the taxpayers are the ones that are going to have to pay all this off, why are we not using that money to just pay off mortgages instead of Wall Street. Pay off the mortgages, the people are happy then they have money again which they in turn go back to spending left and right.

Wall Street and the banks are also then happy since they got their money back and are back to making more and so it goes.

It's the craziest notion and yet...
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Old 09-20-2008, 11:59 PM
 
Location: Victoria TX
42,663 posts, read 74,292,936 times
Reputation: 36087
Quote:
Originally Posted by SGrey View Post

It's the craziest notion and yet...
Please explain why.
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Old 09-21-2008, 12:16 AM
 
Location: DC area
1,691 posts, read 2,199,401 times
Reputation: 641
Quote:
Originally Posted by jtur88 View Post
Please explain why.
Perhaps because I still strongly identify with the Republican party of old where fiscal conservatism ruled the day. Or perhaps because I grew up as one of those people that was taught to do everything for yourself, never ask for a handout, stand on your own two legs, save your money, this is the government's place, this is ours, they are seperate, yadda yadda yadda.

So maybe it being crazy just seems that way to me. The problem is the more I consider it the more it seems like a better solution for everyone all the way around.

Add to it that I'm disturbed by the fact that we've heard what they're doing for Wall Street but we've not yet heard whether or not they are going to do anything in kind for the American people. My gut says they won't do much if anything.
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