Why is America not in the streets over this bailout. Pose this please and feel free to check my math.
300million people in America
300 million dollars
=every american gets a dollar
300 mill people in America
3000mill dollars or 3 billion
=every american gets 30 dollars
30000 million or 30 billion
= every american gets 300
300000 million or 300 billion
= every american gets 3,000
600000 million or 600 billion
=every american gets 6000
and the bailout is almost 800 billion
I am confused, they want to give this money to a few hundred companies? This is like watching the mob movies of the 80's. Do you not get that it's all a big payoff!!!!?
The basic principal of business is you never add money until you stop the leak. Let this crap tumble and fall and when the country is on the way back up then hasten the return of prosperity with a stimulus. This money now we are giving will be devoured like fire devours a forest.
It's over folks!! The economy will collapse period. the stimulus might slow it down but face it all the money we are printing will be embezzelled and gone and we will still be in a full blown depression.
Dont even get me started on the fact that if China calls the USA notes China will own us for real!!
" When fascism comes to America, it will be wrapped in the flag, carrying a cross."-Sinclair Lewis
This is an excellent question, why are we not more involved in these decisions? I don't believe it's over folks!
I do believe we all must be far more attentive to the decisions being made with our tax monies as the distributions are occurring. Get involved people!
Always live in the real world, not just in your mind
Until the Congress and the Senate have been cleaned out as well as the white house, and trustworthy put in, which won't happen, our freedoms will be eroded and we will become a debtor Socialist Democracy Nation. Our Grand children and Great Grand children will be paying off our debt. It really doesn't require heavy math to figure it out. It’s simply a debt to earnings ratio and knowing the interest to be paid on borrowed money. That is if anyone will lend it to us. Or we can print more money, if we're not already doing it, which will lower its value and eventually you will need a wheelbarrow to carry the money you will need to buy basic items. So no glittering hurrah speeches will affect our economy. Just enjoy the ride down folks, because we are headed down. Under the present circumstances there is no good answer until the people wake up and demand the government stop wasting good money after bad. Capitalism must correct its own problems with the government providing overview and transparency, not money. Capitalism is a greed based system and needs watch dogs. There are people in business who do control their greed and have well balanced systems (policy and procedures)and adhere to them.
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Well Said!! Face it folks bailout or no bailout we are headed for a fall and the good news is when the dust settles the strong will still be here. I am not talking about strong money lords! I am talking the American Will people that have survival and freedom in their hearts! Not the entitlement people, the people that adapt and rise above!! The people that have the blood of the founding immigrants boiling in their veins RIGHT NOW!! America will survive but, it will not be the barge it is now,,,,it will be the nimble speed boat it once was. One that can change with times with precision and agility!!
The truth is that is how big business has always operated. It doesn't matter if you are the rise and adapt type or the founding immigrant type. Bush clarified everything for me years ago when he addressed a group of the wealthy: I am in the company of of my people. The haves and the have mores. Read between the lines. We are the have less.
Please lead me to the FACT that Bush actually said your quote. Other than that you gave a nice emotional answer. No facts just feelings
er umm,,,,,,,,,I'll do one better than that Alive, I dont think this is a Bush, Clinton, Obama thing. Lets face it Washington is the problem. We have 400 or so people running the country that are on the take. Okay, maybe there are one or two that are truly honest and those are the ones that are either lame ducks or on the fence to deal making.
It is a den of theives, and the ones that go there to do good end up making deals with the devil in order to get their state what they need. They justify it in their mind by saying I had to do it to get my people what they need, and then it all goes to hell in a handbasket.
Another thing, everyone screams well then vote for someone different, it's time for a voter revolution. That's also a load of crap. The people that could facilitate real change cannot even qualify due to the lack of funds it takes to get noticed these days.
Bush, what a joke, I am sorry, I did vote for this guy twice and would have to do it again if my other choices were Gore and Kerry! But, Bush screwed up at every corner for the most part. The biggest mistake he made was listening to Cheney and Rumsfield for more than 90 days. After that he should have woke up and said hey, these guys are gonna kill my legacy. Jeez, they screwed him big time and I think they are laughing because they got to push their agenda while Bush is the one that will forever more suffer.
One last thing on my little rant. The republicans are ass holes! They forced Bill Clinton to balance the budget. Bill was against this but, took the credit for it when it worked. What did the republicans do once they got the presidency and the white house? They spent in such a way that made the liberal democrats spend their head. AND behold a new benchmark was set for the liberal democrats so now if nothing else they want to get even by being able to spend more to pay the republicans back!
The republicans got and are getting what they deserve. I am ashamed that we do not have a party AT ALL that is for the people and this country. This is why our country will repeat what every great empire has in the past.
It will rise out of nothing by blood, sweat, and tears. AFter a few generations have passed the empire will fall to the ground by being torn apart not by an outside enemy but, from within the walls will crack and fall all in the name of the idiot syndrome. Examples: Dont profile, Dont kill, Spread the wealth, You must not resort to violence. These are but a few examples of how a country falls, the generations that fought to make a country/empire work die and do not pass down the instincts that are required to stay strong and vigilant to make a country survive the long haul. Everyone panders to the 5% in order to be politically correct. Seriously, how many gays are there? How many racist still exist? How many Peta organizations do we really have? ETC.......these folks make the noise and they are factions of the gross minority but rather than silence them by saying get over it or leave, we pander and empower them. These are the people gross minority and the fact that they are being entertained is yet another reason that this country will fall. Point in case, the day after 9/11 there were not any liberals around but, 90 days later they were already creeping back in, we are screwed! It is written in every history page that every empire rises only to fall.
History always repeats itself when, we the people say, we are much too civilized for that to happen again.
Title 12, Section 18310 mandates that banking regulators take "prompt and corrective action" to resolve any troubled bank. The law further mandates that the administration place troubled banks, well before insolvency, in receivership, appoint competent managers, and restrain senior executive compensation (no bonuses, no salary raises). The law doesn't provide for taxpayers to bail out troubled banks.
Question 1: Why are bank regulators and Secretary Geithner continuing along the Bush path of flaunting the law?
Question 2: Why not have a "Pecora" investigation?
Pecora was the prosecutor hired by the Senate banking committee to investigate the misconduct that helped cause the Great Depression. Americans should urge Congress to stop playing games with taxpayers and a nation in deep trouble. Tell your members of Congress to institute meaningful oversight hearings of financial regulations during the Bush administration. Only intense public pressure will overcome congressional and administration resistance to a Pecora-style investigation.
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