Bush presides over giving taxpayer money to shareholders

Discussion in 'Congress' started by Ravi, Oct 30, 2008.

  1. Ravi
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    Ravi Diamond Member

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    washingtonpost.com
     
  2. DiamondDave
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    DiamondDave Army Vet

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    I still shout that this whole bailout was a really fucking bad idea...
     
  3. del
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    del BANNED

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  4. Ravi
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    Ravi Diamond Member

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    [​IMG]

    Why don't you call your boys up and ask them to join with Schumer, if they haven't already?
     
  5. GigiBowman
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    GigiBowman Active Member

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    If I'm not mistaken...both Obama and McCain voted for the bail out, right??????????
     
  6. del
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    del BANNED

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    i'm pretty sure Teddy and John are on board already, and my rep voted against the bailout. kudos to him.
    why didn't they write safeguards into the legislation to prevent this? did they think the fucking banks would just do the right thing?

    i'll bet nobody on either side has even read the whole bill yet, for that matter.

    but it's cool, because it's bush's fault.
     
  7. Ravi
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    Ravi Diamond Member

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    No, it's actually Clinton's fault.

    My Dem Senator voted against it. :) My Rep one voted for it. :)
     
  8. DiamondDave
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    DiamondDave Army Vet

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    Not like I agree with every decision McCain has made, or will make.. just that I will agree with MANY more of them than I will with Obamas decisions
     
  9. Navy1960
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    Navy1960 Senior Member

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    "Giving the federal government the ability to nationalize almost every bad mortgage in America interrupts the foundational truth of our economy— that the American free enterprise system fundamentally depends on the ability to fail, as well as to succeed. If we allow taxpayers to subsidize these current market failures caused by poor investment decisions, I believe we will only be sentencing ourselves and the American people to subsidize future failure at even greater cost, while perhaps irreversibly changing the relationship between the public and private sectors." Trent Franks (R) Arizona

    I could not have said it better myself, this bailout bill was a complete disaster and remains so. Now we see the infighting going on over this big pot of money that the same congress that through it's own lack of attention moved the US economy in that direction is now eager to spend the money. Further, we can also see the results of this ignorant legislation, in the sheer volume of new proposals for bailouts and the number of companies and undustries in line at the tax payer trough. We see our government complain they have no funding to fund programs like NASA that actully have a return on the investment and spend billions on cancelled programs at DoD, and run up massive deficits and ask you and I to sacrifice or we may be considered unpatriotic as they get in there black 9 mile per gallon chauffer driven suburbans. Our government needs change alright, but change is not represented by spending more money, it is in actually holding the people we represent to ethical standards and professional business standards when managing our tax dollars.
     
  10. Epsilon Delta
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    Epsilon Delta Jedi Master

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    What's happening is that the Government 'bailout' is in reality the privatization of the Treasury, given to Wall Street to bail itself out without any preconditions. Really goes to show what the priorities are.
     

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