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Bailout didn't pass...Follow

#102 Oct 01 2008 at 12:00 PM Rating: Default
LET IT FALL.

it is the only way to ensure it never happens again. the haves will become the have nots and the have nots will have an opertunity to jump in once it bottomes out and make some money.

this bail out bill only ensures the people who created the problem wont suffer from it. for 90 percent of americans it does NOTHING but add a trillion dollars to our debt each and every single one of is will be paying for years into the future.

LET IT FALL.

spend the 700 billion AFTER it falls on jobs programs if necessary.

here is why spending that money on jobs programs and other social programs for the middle and low income tax payers works so much better than spending it on bussiness and the rich.

99.9 percent of the money you spend at the bottom goes DIRECTLY back into the economy. poor people dont stash it. they buy stuff they need RIGHT NOW. it is a direct pipe line into the economy.

rich people on the other hand, or bussiness, stash it. they invest it in the market, sit on it in a bank to draw interest, or blow it on an over priced house in which case the money goes directly back to the bank.

the dems have it right. the path to prosperity for the country as a whole is from the bottom, not the top. thats why the economy tanked under regan, bush sr, and bush jr, but flourished under dem controll. Clinton, a DEMOCRAT, was the ONLY president in the history of our country to EVER ballance the budget.

fiscal conservatives should be voting democrat, not republican.
#105 Oct 01 2008 at 12:50 PM Rating: Decent
Quote:

Hey brainiac rich people generally invest money which create jobs for the middle and low class. Without those rich peoples investments businesses fail, or go overseas. If a rich person buys an "overpriced" house then if they don't every aspect of what goes into constructing and selling that house goes out of business. The poor are poor because of the decisions they've chosen to make. Now we can argue nature over nurture all day long that won't negate the fact that the wealthy create jobs where the middle and low classes would merely consume. Why on earth anyone would think it's a good idea to put money in the hands of people who have no clue what to do with it is beyond me.


Things consumed materialise out of thin air, folks. No one grows them or makes them - they simply are. Magical. Services poor people use? They're provided by phantom ghosts, eager to remove American currency from your economy forever.
#107 Oct 01 2008 at 1:33 PM Rating: Good
knoxsouthy wrote:
Kavekk,

Quote:
Things consumed materialise out of thin air, folks. No one grows them or makes them - they simply are. Magical. Services poor people use? They're provided by phantom ghosts, eager to remove American currency from your economy forever.


wow. You should get your money back from whichever educational institution you attended. It's obvious you have no clue how the market works, nor how the top 5% affect the market. Bet you don't even understand that 45% of all americans pay no federal taxes. But h*ll let's give them a tax cut.


You should sue your doctor for malpractice - I think he must have severely damaged you at soem point. Trickle down theory is such a crock of ****, the only decent argument it can be seen to make is that poor people really do deserve to get pissed on for being stupid enough not to see through it.

It's nice to see propoganda so firmly stamped into one's skull, though. Goebbels would be proud, to be sure.
#108 Oct 01 2008 at 4:35 PM Rating: Default
Encyclopedia
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35,568 posts
Kavekk wrote:
Trickle down theory is such a crock of sh*t, the only decent argument it can be seen to make is that poor people really do deserve to get pissed on for being stupid enough not to see through it.


And yet, it's the basis for the assumption that there's a "crisis" going on at all, isn't it?

Funny how Liberals never doubt trickle down effects when they are negative, but insist they don't exist when it's positive. If you truly don't believe that wealth effects "trickle down" to the middle and working classes, then you shouldn't have any worries at all about the current economic problems going on.
____________________________
King Nobby wrote:
More words please
#109REDACTED, Posted: Oct 02 2008 at 8:12 AM, Rating: Sub-Default, (Expand Post) ---------------------------------------------------------------------
#110 Oct 06 2008 at 10:36 AM Rating: Good
***
1,625 posts
bubspeed wrote:
Dow to 9k

Nasdaq to 1500

Just like the bottom of the Dot Com bust! Yippee!




Edited, Sep 29th 2008 2:25pm by bubspeed


Yikes. I was exaggerating for effect but may have been a bit too conservative...
#111 Oct 10 2008 at 7:43 AM Rating: Default


The rich get rich and the poor can make their own arrangements
#112 Oct 29 2008 at 9:16 AM Rating: Decent
yossarian wrote:
There is one basic thing I don't understand about the bailout: so the US government is going to buy these mortgage backed securities off the hands of large corporations. This will infuse them with the cash they need to operate on a day to day basis. The corporations, themselves, are OK, it is just that they have some bad debt.

The US is going to borrow the money from somebody. Why don't those folks just buy the corporations, themselves? Not buy out the corporation entirely, just buy stock in the companies to give them the cash needed to operate?

Here is what I think the natural course would be: corporations issue new stock, stock prices plummet, people buy into them at low prices, virtually guaranteed that they will rise, and the smart make the money.


I wrote that a month ago. I honestly did not think this was the right course, or the only course, but it is the course the British took and what it seems increasingly likely the US will do.

So to answer gbaji's doubts: I do have a very good understanding of the current crisis. Just pick up a newspaper and find out.
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