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.
"But you know what? The bailout, by the numbers, clearly did work. Not only did it forestall a worldwide financial meltdown, but a Fortune analysis shows that U.S. taxpayers are coming out ahead on it -- by at least $40 billion, and possibly by as much as $100 billion eventually. This is our count for the entire bailout, not just the 3% represented by the massively unpopular Troubled Asset Relief Program. Yes, that's right -- TARP is only about 3% of the bailout, even though it gets about 97% of the attention."
Thank you, Don. Why are we 5 trillion in debt if the banks are paying us this great 8 percent return (LMFAO!) on this "investment" we made in 2009? Those of you who believe that are either intentionally lying are are ridiculously naive. I suspect it's the former... you made some money betting on the bailouts, so who really cares? You got yours. That was a very safe bet, by the way. If Congress has to choose between banksters and the public, the will ALWAYS choose the banksters. Always. Look at our history. Does that not tell you something?
Too funny. Are you suggesting TARP was the only bailout program? Are you suggesting TARP cost $5 trillion? Are you suggesting Obama has only spent money on bailouts?
"But you know what? The bailout, by the numbers, clearly did work. Not only did it forestall a worldwide financial meltdown, but a Fortune analysis shows that U.S. taxpayers are coming out ahead on it -- by at least $40 billion, and possibly by as much as $100 billion eventually. This is our count for the entire bailout, not just the 3% represented by the massively unpopular Troubled Asset Relief Program. Yes, that's right -- TARP is only about 3% of the bailout, even though it gets about 97% of the attention."
Hate to break the news ... but that was all bull. Nothing but propaganda from the government, the fed and main stream media. The same propaganda was put out in the EU and look at them now.
Hate to break the news ... but that was all bull. Nothing but propaganda from the government, the fed and main stream media. The same propaganda was put out in the EU and look at them now.
Ok, so provide some evidence that this isn't accurate? Is this simply a case of wishful thinking on your part. Don't worry, no one expects any actual evidence. Since I posted the only truth there is!
LOL, same propaganda in Europe? What planet are you on? Would you care to support that statement too? We'll wait.
Last edited by shorebaby; 11-10-2011 at 11:26 AM..
Ok, so provide some evidence that this isn't accurate? Is this simply a case of wishful thinking on your part. Don't worry, no one expects any actual evidence. Since I posted the only truth there is!
LOL, same propaganda in Europe? What planet are you on? Would you care to support that statement too? We'll wait.
Let me guess ... you want me to goggle somthing supporting my claim?
Do you realize more than 50% of the crap on the internet is misinformation ... put there by political activist attempting to sway peoples opinions. What you present is BS ... just propaganda ... and you take it as gospel. You need to turn off the computer and experience real life. Look at the situations from above where you can better see fact from fiction. What's going on in EU is our future ... we are heading down the same path for the same reasons.
Some day you will understand but I can see you currently don't have the capability.
the trillion $$$ derivatives fraud as well, are conveniently ignored by those defending felonious banksters
That would be the Obama administration and the federal reserve.
You want to know where well over a trillion went? Remember all the worry about the commercial real estate implosion with all it's toxic cdo's... it was supposed to be much worse than the housing mortgage backed securities disaster ... have you heard anything lately about that economy busting disaster? Did it just dissapear? No ... it's Obama's transparency.
We can have one-time tax on all institutions and individuals who benefited from the bailouts in the full amount of the money they received plus interest. That money will go directly to paying down the debt. Not one dime of it will be spent on anything else. This will just be a one-time corrective of lousy policy.
Is this something you can support?
Absolutely! But it should not be restricted to bank bailouts. And how far back do you go? We have been subsidizing and bailing out people, products and companies for a long time.... farm aid, GM, chrysler, Solyndra, and thousands of others. And millions of individuals have been bailed out... with home loan write downs, student loan forgiveness, etc, etc. And what about subsidies for ethanol and solar power, etc.
If we could get all that money back, we could pay off the national debt very quickly.
l............... why don't you realize that the bailouts have earned this country a significant amount of money without risking inflation like traditional methods would have? ..........
Bailouts don't earn this country money. They just make government bigger and more powerful... witness the firing of the GM CEO by Obama.
Government should NEVER bail out businesses. They should go bankrupt and use our bankrupt laws to restructure.
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.
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.
