Now that it's done, what [i]should[/i] have been done?

Discussion in 'Politics' started by Bern80, Oct 1, 2008.

  1. Bern80
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    Bern80 Gold Member

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    Pretty self explanatory question on the surface, but I ask because there is a lot of this I can't quite wrap my around. I just want to be able a understand this a little better. Let's play follow the money for real startingh with the lendee of say a mortgage owing the lender, GO.

    Fast forward to topic question: I guess to answer that we would need to what would have happened if just plain didn't do anything, which many were advocating.
     
  2. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    If we didn't do anything we would enter a recession where the market would begin to stabilize itself. Americans would have to live within their means for a year or a little more.
     
  3. plt42
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    plt42 A Constitutionalist

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    My take on the situation:
    Without propping up the lending institutions, credit lines would dry up.
    Without available credit lines, corporations and small businesses would not be able to carry out day to day operations. There would be no business expansion, no purchases of necessary or replacement equipment, and an inability to meet large payrolls (since these are often done on a short-time turn-around loan). If the business can't expand. no new jobs would be created. Existing employees may not be paid and would lose their jobs. Contractors who would have been involved in expansion processes would lose contracts and have to lay off workers. Suppliers of services and products to these business would have no market and suffer the same consequence.

    Its already begun. The Sonic Restaurant is only one example that this scenario has already come to fruition. Their primary lender has already frozen their credit bringing to a halt their expansion plans...some already in progress. Multiply this by the number of large corporations and small business across the country.

    This is over simplified, perhaps, but it is what would happen if credit lines to business were to be unavailable. No credit, no business, no jobs. No jobs, no pay, no mortgage payments, no savings, etc.

    Only one reason why I believe that there was no option but to push through the bailout or rescue or whatever you choose to call it.

    JMHO
     
  4. CrimsonWhite
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    CrimsonWhite *****istrator Emeritus Supporting Member

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    We should hold this discussion until the House votes on the bill.
     
  5. Jon
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    Jon The CPA

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    Why bother? With all the pork shoved into it, members of both parties that originally voted against it will be all over it.

    I just wish the PEOPLE would take a mother fucking stand and contact their representatives and tell them NO on this bill.
     
  6. Ultra
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    Ultra King of the Unwanted

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    Do you really think that Congress would listen?

    :eusa_hand:
     
  7. clane1987
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    clane1987 Member

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    I tend to agree with Michael Moore on this policy.
     
    Last edited: Oct 2, 2008
  8. Ultra
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    Ultra King of the Unwanted

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    AND...... You admit it in public.

    :omg:
     
  9. rayboyusmc
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    rayboyusmc Senior Member

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    I agree. The market will work itself out without their interference on behalf of the banks the the CEOs.

    We will experience a recession. Might be a good thing for many people to finally realize you get nothing for nothing and damn little for two cents.

    We have created a culture of credit slaves that needs to be adjusted.

    No frigging bailout.
     
  10. Care4all
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    Care4all Warrior Princess Supporting Member

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    the blue dog democrats will vote against it because the corporate tax cuts added to it by repubs is not offset with spending cuts!!! of course there are not enough bluedogs to stop it, :( but with some repubs not voting for it either, it could be a close call!
     

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