Anyone watching/listening to the news?

[stacym]

There is a lot more going on here than just a bailout. Which by the way one of the Washington talking heads said is NOT a bailout.(yeah)
Along with this bill is that Government will be even more centralized and powerful. Do a little research to see exactly what is contained in with this bill and who is going to adminster it and how.
I know that they will have to do something. But it seems like our freedoms are being taken away a little at a time. We are leaning more towards Socialism and less toward Democracy.
The thing that really makes me nervous is that if Washington continues to distance itself from the taxpayers it could pave the way for another Lenin or Stalin. Seems far fetched I know, but when people really start hurting and feel that those in power will do nothing it can happen. Of course, I'm not saying it may happen in my lifetime-but you never know.
I pray that our Government gets back on track.

 

[the1much]

i'd like to know why people think "we" or the government has to do something??, to save people who thought turning their money into a "piece of paper" and thought they were gonna get rich by investing? If people are simple enough to put their hard earned money into investing into a business they know nothing about,, they deserve to loose it. that simple. people (most) just see figures on what a company makes, and sells for,,,, how many REALLY investigate that company their putting their life savings into? do they look at "cash on hand" of companies?,, nope,, they look at how much they can get for their shares,,, not what a companies "morals" are. 99% of people invest BLIND ,, they just look at the end #'s ,,,, i have never understood why people think that the piece of paper that says "you own this many shares" is worth the REAL $ they gave for that piece of PAPER.and EVERYONE knows investing is a GAMBLE ,,, now that people are loosing from their gambling habits,,we're suppose to GIVE them $ to do it all over again? and mortgages ,,,, thats just as much as a gamble,,,espiecially people who get them GREAT 30 year terms,,,,,,you gamble that your ALWAYS going to make enough $ to make it,,,,,,,, gamblers dont bother me,, they give me something to laugh at,,, but when their stupidity takes from me,,,its not funny anymore,, i have worked my "mule" off since i was 13 ,, every week, every month,,and not "desk" work,,,im an idiot,, i have done manual labor all my life,,,,and all you people that think i should buy some idiots house, or pay some idiots bills because they gambled for the easy money, really REALLY "P"'s me off. MY kids shouldnt have to worry bout food,, so that some idiots kids can have a playstation.

 

[Riocotesei]

1much, I love your input! I totally agree with you.

 

[lockedhearts]

I work for a very small business. I don;t make a huge salary, but my boss pays for everything he buys as he goes. He does have a credit card for ease of ordering merchandise, the bill gets paid in full every month. Our business has been slow due to the economy but because of the way he has managed the business, I still have a job.

 

[Kanchii]

Got this in an email today.

Quote:
I'm against the $85,000,000,000.00 bailout of AIG.
Instead, I'm in favor of giving $85,000,000,000 to America in
a We Deserve It Dividend.
To make the math simple, let's assume there are 200,000,000
bonafide U.S. Citizens 18+.
Our population is about 301,000,000 +/- counting every man, woman
and child. So 200,000,000 might be a fair stab at adults 18 and up..
So divide 200 million adults 18+ into $85 billon that equals $425,000.00.
My plan is to give $425,0 00 to every person 18+ as a
We Deserve It Dividend.
Of course, it would NOT be tax free.
So let's assume a tax rate of 30%.
Every individual 18+ has to pay $127,500.00 in taxes.
That sends $25,500,000,000 right back to Uncle Sam.
But it means that every adult 18+ has $297,500.00 in their pocket.
A husband and wife has $595,000.00.
What would you do with $297,500.00 to $595,000.00 in your family?
Pay off your mortgage - housing crisis solved.
Repay college loans - what a great boost to new grads
Put away money for college - it'll be there
Save in a bank - create money to loan to entrepreneurs.
Buy a new car - create jobs
Invest in the market - capital drives growth
Pay for your parent's medical insurance - health care improves
Enable Deadbeat Dads to come clean or else
Remember this is for every adult U S Citizen 18+ including the folks
who lost their jobs at Lehman Brothers and every other compan y
that is cutting back. And of course, for those serving in our Armed Forces.
If we're going to re-distribute wealth let's really do it...instead of trickling out
a puny $1000.00 economic incentive that is being proposed by one of our candidates for President.
If we're going to do an $85 billion bailout, let's bail out every adult U S Citizen 18+!
As for AIG - liquidate it.
Sell off its parts.
Let American General go back to being American General.
Sell off the real estate.
Let the private sector bargain hunters cut it up and clean it up.
Here's my rationale. We deserve it and AIG doesn't.
Sure it's a crazy idea that can work.
But can you imagine the Coast-To-Coast Block Party!
How do you spell Economic Boom?
I trust my fellow adult Americans to know how to use the $85 Billion
We Deserve It Dividend more than the geniuses at AIG or in Washington DC .
And remember, The Family pla n only really costs $59.5 Billion because $25.5 Billion is returned instantly in taxes to Uncle Sam.
Ahhh...I feel so much better getting that off my chest.
NOW.. let try the same thing on the $700 billion bailout ! ;-)


That would be interesting, and would sure make ME happy. And sure enough, I'd rent an apartment and get out of my parents house like I've been saving up to do, and buy a better car, and then save the rest. What are your thoughts?

 

[the1much]

i dont think ANYONE should get the $ until EVERY child in the u.s. has a roof over their heads, and food in their bellies. and if their parents are BUMS,, then they need to go to people who will WORK after THAT $ runs out.

 

[the1much]

and isnt it sad that 1 of the biggest "tarp cities" is within a stone throw from the pentagon.

 

[patandchickens]

Quote:
On what planet?

First of all, AFAIK it is roughly eight hundred fifty billion (well actually I thought it was 700 billion, but sure, whatever), not eighty five billion. Perhaps that's a typo.

Much more importantly, though, 850,000,000,000 divided by 200,000,000 gives you $4250.

That's four thousand two hundred and fifty dollars. Slightly less than five thousand smackeroonies. NOT any four hundred some "thousand".

Possibly the confusion arises from calling it $4250 00 (i.e. four thousand two hundred fifty and zero cents). I dunno.

But ain't NOBODY gonna pay off their mortgage with less than five thousand dollars.

Sheesh (being said not to Kanchii but to whatever lamebrain started this rumor),

Pat

 

[Sugar Sand Farm]

Just saw a family of 5 (athree little boys under 8) that have already lost their home and they are living in their 15 year old van. They did not lose their house because fthey bought a subprime rate home they lost ;it because they both lost their jobs. Whats this bailout going to do for them Nothing i'm sorry but I can't feel sorry for some millionaire who lost a couple of hundred thousand yesterday. As my Father in law always says if you can't afford to lose dont play the stock market. According to the news alot of Americans agree that this bailout is not a good idea. Its time the politicians listen to the people.

 

[EweSheep]

d.k :

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: HURRAY for the1much!!!!! You just explained the ENTIRE problem with our financial system, the inflation rate, and the current economic crisis in one fell-swoop!!!!!! TAKE A BOW!!!!

I second the motion!!!!!!! Good one !​