Who should pay for the Wall Street Bailouts

Discussion in 'Economy' started by Red Dawn, Sep 23, 2008.

?

Who should pay for Wall Street's bailout?

  1. The Rich - raise taxes on top 2%

    75.0%
  2. Raise taxes on everybody

    25.0%
  3. Borrow the money from the Chinese

    0 vote(s)
    0.0%
  1. Red Dawn
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    Red Dawn Senior Member

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    Who should pay for the bailout of banks, insurance companies, and investment bankers?

    Only putting up realistic options.

    Because you won't find a single US Senator or presidential candidate willing to cut 700 billion from medicare or SS to pay for Wall Streets bailout.
     
  2. HoleInTheVoid
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    HoleInTheVoid Active Member

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    nobody

    Gov't subsidized parachutes is what made prices and risk-taking go up.

    Leave a pile of money on your desk some day and tell your people to only take what they sincerely think they need.

    You'll be amazed at how much they think they need.
     
  3. sealybobo
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    sealybobo Diamond Member

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    No matter what they will raise the price of goods, so don't let them scare you with that.

    They are going to print more money. Look up hyperinflation.

    What's up with section 8 of this bill? No court or administration can question Paulson?

    I say lower every loan to what it is worth. If your home went down $30 Bam! I just put a shit load of money in your pocket, and now you will pay your loan. The Feds won't have to print more money.

    Is there a down side?
     
  4. sealybobo
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    sealybobo Diamond Member

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    If your house is paid off, you get a $30k tax credit. Because they lost too.

    The banks will loose a lot of money. They won't get the $700billion bailout and they'll lose the money we no longer owe them, but at least they'll stay in business.

    And my guess is this is the end of social security.
     
  5. WillowTree
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    WillowTree Diamond Member

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    Nobody should pay a dime until the ceos, all congresscritters, and the president are stripped of every dime they own. then we will talk
     
  6. Red Dawn
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    Red Dawn Senior Member

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    Investment banks.

    Multi trillion dollar insurance companies.

    Wall Street tycoons.




    The rich can pay for their own bailout. Raise taxes on the wealthiest americans to pay for it.

    Why the fuck should the middle class have to pay a penny for bailing out these Wall street mega-companies?
     
  7. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    These bailouts should not have happened at all. The companies should have went under.
     
  8. Caligirl
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    Caligirl Oh yes it is too!

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    Nobody, ditto hole in the void -

    Isn't it interesting how this event has blurred all the lines ... I agree with Gingrich on this one.
     
  9. Gunny
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    Gunny Gold Member

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    I'll bet if you suggest those Congresspersons take a pay cut or lose their earmarks they'll be carving up SS and medicare so fast you won't see the blade moving.
     
  10. chapstic
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    chapstic Member

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    only firm that has an arguable reason to be bailed out is aig. the people who couldn't afford their houses, can now move into an apartment.
     

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