Anyone watching/listening to the news?

[the1much]

hahaha,,, the media is finally starting to catch up ,,, now their asking why theres a 62 billion $ tax increase connected to this bail out,,,lol,,, now to figure out what thats gonna cost us,, take our population, minus all children, minus all bums, and minus all welfare recipients,, and then minus everyone on SSI and disability,, then minus them richies that can hide their "earnings" ,,,, that leaves the regular joe how much to pay? ,, heh

 

[Rosalind]

I dunno, Pat, it depends on the genius of their financial advisors. I do believe that with some absolutely draconian regulation, if a new prez was willing to get all medieval on the robber barons AND make like a Roosevelt with a New New Deal, he might surf the waters of history with only a few scratches. But there would have to be some serious financial wizardry going on there. We're talking, 20-sided dice wizardry.

 

[patandchickens]

Quote:
Only if he knows a spell of amnesia ;>

Pat

 

[I have WHAT in my yard?]

America's number one export is DEBT! This is a huge problem for us. Essentially the primary product of this country is financial services. That's what we do, we don't manufacture anything any more and we are selling our raw materials to those who do.

If we let our economy tank and we don't "guarantee" our debt packages that we have with other banks then our only "product" our stable and safe markets is useless. BRIC are already stumbling and cutting off imports from us.

Pull out that little piece of green paper you have in your pocket (if you're lucky enough to have any) and ask yourself what it's worth.... its PAPER!!! It's value is ONLY that you believe it to be worth something. If enough people stop believing it has value it ceases to have value.....