Instead of the bailout.....

[sealybobo]

Bush calls for the bailouts, Democrats jump on-board to making a resolution. I thought the last eight years would have taught these fools a lesson. Instead, they seem to listen to Bush and following his orders. Whatever happened to not trusting Bush. That he is for the rich?

The same people (Senate Banking Committee) that didn't do a thing years ago are now the ones with have to rely to solve the problem.

Now they want to please Paulson, a guy who came from Wall Street, to provide Socialism to these failed institutions.

Despite anger of the taxpayers, Senator Reid said it's Wall Street and Main Street. What about the rest of Americans not involved in either of the two?

Everyone, quit paying your mortgages because bankruptcy court will help lower your monthly payments. Thank you government.

No, I want EVERY home owner's mortgage lowered. What you do from there is your business. Want to ruin your credit score?

But then you can now sell your home because it is worth what you can sell it for on the open market.

Right now, everyone who sells their home takes a loss, if you bought it in the last 5 years or so. Generally speaking. And all the people walking away from their mortgages are why the banks are collapsing. But now the banks want the gov. to buy back the bad loans for FULL PRICE. In other words I owed $200K and the house is worth $150, the banks are still getting $200K for them.

So as crazy as my or anyone else's proposal is, it is better than what Bush is trying to push.

 

[CA95380]

My point was that "Bush" is once again trying to "RUSH" a plan that might or might not work.

I still do not know who is going to benefit from this plan? ..... names! we need names of those that are getting "bailed out".

Again ... if anyone has heard who specifically this is going to benefit ... please feel free to enlighten me.

 

[user_name_guest]

No, I want EVERY home owner's mortgage lowered. What you do from there is your business. Want to ruin your credit score?

But then you can now sell your home because it is worth what you can sell it for on the open market.

Right now, everyone who sells their home takes a loss, if you bought it in the last 5 years or so. Generally speaking. And all the people walking away from their mortgages are why the banks are collapsing. But now the banks want the gov. to buy back the bad loans for FULL PRICE. In other words I owed $200K and the house is worth $150, the banks are still getting $200K for them.

So as crazy as my or anyone else's proposal is, it is better than what Bush is trying to push.

$700 billion is the bottom line. That comes from the taxpayers. We are risking money to buy bad loans? Since the investors in the market won't touch them, why should the American people? If this problem of bad loans was caused by crooked people, we should prosecute them. Why let the government take our money when they failed to prevent this from happening. The same people telling us to fix it are the ones who failed to stop it in the first place. They expect a market crash, let it happen. Look what happened after the Great Depression, we got back to our feets. Maybe confronting history (a market crash if a bailout doesn't pass) is the ingredient of improving government for the future. This bailout is a short-term fix but what about the long term?

I am not for "in government we trust," because i believe the connection between what happened with the mortgage industry and government are intertwine.

 

[sealybobo]

$700 billion is the bottom line. That comes from the taxpayers. We are risking money to buy bad loans? Since the investors in the market won't touch them, why should the American people? If this problem of bad loans was caused by crooked people, we should prosecute them. Why let the government take our money when they failed to prevent this from happening. The same people telling us to fix it are the ones who failed to stop it in the first place. They expect a market crash, let it happen. Look what happened after the Great Depression, we got back to our feets. Maybe confronting history (a market crash if a bailout doesn't pass) is the ingredient of improving government for the future. This bailout is a short-term fix but what about the long term?

I am not for "in government we trust," because i believe the connection between what happened with the mortgage industry and government are intertwine.

I'm 100% in agreement with you. So how do we stop this? The democrats are afraid that the republicans, who fyi represent the rich, are going to make this an issue. If the Dems didn't pass some sort of bailout, the market would crash on Monday because the rich would make it crash on purpose. This would be there October surprise.

So because dumb voters fall for the GOP's tactics, we have allowed the rich to bankrupt our country in Iraq for the last 6 years. The dems can't stop them for fear you will call them cut and runners or weak on fighting terrorism. So they just keep going along with Bush's plans, hoping the public will wake up and vote for change.

If you vote for Obama and he wins, next year the nightmare will be over.

If you vote for McCain, expect four more years of this.

 

[WillowTree]

I agree with what you said. But I just don't think giving $3,500 to each taxpayer is going to fix anything. IMO

For you Bush supporters ... remind me again what The Stimulus Package was suppose to do?

well, padner, I don't know, but dumbass Nancy is trying to push another one through even as we speak.

 

[WillowTree]

Yes, it matters. Because it's tiring watching people blame Bush for EVERYTHING when he can do NOTHING without Congress's support. Don't get me wrong, I've hated Bush since before he was elected, but sometimes, it's just not all his fault.

And, it did SOMETHING. I bought school books with it.

I went on vacation to Charlston. Had a real good time.

 

[user_name_guest]

I'm 100% in agreement with you. So how do we stop this? The democrats are afraid that the republicans, who fyi represent the rich, are going to make this an issue. If the Dems didn't pass some sort of bailout, the market would crash on Monday because the rich would make it crash on purpose. This would be there October surprise.

So because dumb voters fall for the GOP's tactics, we have allowed the rich to bankrupt our country in Iraq for the last 6 years. The dems can't stop them for fear you will call them cut and runners or weak on fighting terrorism. So they just keep going along with Bush's plans, hoping the public will wake up and vote for change.

If you vote for Obama and he wins, next year the nightmare will be over.

If you vote for McCain, expect four more years of this.

They both represent the same group of individuals. Who gives funds to both parties treasury? The rich. Why do big corporations donate to both presidential candidates? Why do fundraising events cost provide a disadvantage for an "average" American. Washington is about crooks. Take the Presidential election, you need over $100 million to become one. It shouldn't take that much money for a position that makes $400k. McCain, Obama, Bush, they are all the same ideology, either in the middle or towards the left. Bush is no conservative. If you believe that, you believe anything the media labels people. Now the media is telling us how crucial this $700 billion is. Wait? They've been telling us how awful Bush been and now the ignoring the fact that the Democrats are jumping on his bandwagon. Oh my god. I see both parties = equal. They use this divide and conquer ploy to remain in power. For over 150 years, it has been these two parties running the show. And throughout those 150 years, who has been in power? Not the poor, average, American, but the one with the pocketbook. Money can buy you presidency. Money can buy you policies. Money can take you places. But with the common man, money can be a tool to fool you.