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The recession was absolutely necessary, trying to stave it off by wasting hundreds of billions of dollars only prolongs the agony. The recession is the period where the market attempts to correct itself by reallocating resources from failed businesses to more viable areas.
Okay I know this is an old subject, but I think it needs to be brought up again so we can learn from our mistakes. That money should have never gone to those corporations. If AIG, and others weren't smart enough to save money, put that rainy day money away, and had proper management in terms of where the corporation was heading, they would not need a bailout. I thought the whole idea behind the free enterprise that we have is for big companies to fall and smaller companies to take over. I thought it was all about competition, not favortism.
My friend figured out that if we were to give that 700 billion dollar bailout, to the American households (thats the key word, not individuals), that were under $70,000 yearly income, combined or not, each household would recieve roughly $23,450. Now imagine a household with that much money, how much they could pay off with that. All that money would circle around and it would eventually get to these major corporations. There would be no houses lost, no cars taken away, and credit cards would be paid off. Wouldnt that boost the economy more?
I personally believe throwing money to corporations like AIG, and these banks, is like throwing money into a black hole. Not result came from it, and it's gone forever. Oh didn't I mention that those corporations we threw that money at is still seeing losses? So in this economic ressession we are in, was it wise to throw away 700 billion dollars?
Thats just my opinion anyway.
Your friend must be pretty important to have somebody like you going back and forth between him and the internet.
Sadly, Huggy has no friends....
Okay I know this is an old subject, but I think it needs to be brought up again so we can learn from our mistakes. That money should have never gone to those corporations. If AIG, and others weren't smart enough to save money, put that rainy day money away, and had proper management in terms of where the corporation was heading, they would not need a bailout. I thought the whole idea behind the free enterprise that we have is for big companies to fall and smaller companies to take over. I thought it was all about competition, not favortism.
My friend figured out that if we were to give that 700 billion dollar bailout, to the American households (thats the key word, not individuals), that were under $70,000 yearly income, combined or not, each household would recieve roughly $23,450. Now imagine a household with that much money, how much they could pay off with that. All that money would circle around and it would eventually get to these major corporations. There would be no houses lost, no cars taken away, and credit cards would be paid off. Wouldnt that boost the economy more?
I personally believe throwing money to corporations like AIG, and these banks, is like throwing money into a black hole. Not result came from it, and it's gone forever. Oh didn't I mention that those corporations we threw that money at is still seeing losses? So in this economic ressession we are in, was it wise to throw away 700 billion dollars?
Thats just my opinion anyway.
I thought the auto makers should have claimed bankruptcy months ago. Oh no, they said, bankruptcy is not an option. Billions later . . . . what's that I hear? Bankruptcy? Unfuckingbelievable. It boggles the mind that there simply doesn't seem to be any common sense floating around out there.
I can tell you that if we had received $23,000 we would have bought a new car. No doubt. Would have also gone on vacation this year. Rented a house down the shore for a week and spent another couple of thousand dollars.
Basically we had to bail out the financial sector thieves and their well intentioned but misguided Washingtron regulators and Congressional members to avoid hysteria and possible collapse of the what is basically the lubricant of our economy.
The bigger question, IMO at least, is when does that phase end and what comes next. Right now, ruinous out-year spending plans and increased public taxation are being thrown around. If you think the bailout was not in the interest of the average household, just wait. Then there is controlling inflation, the result of government running car companies, and lots of other negative stuff to deal with that has not yet arrived. It is not pretty.
The search for responsible adults in Washington continues.
The recession was absolutely necessary, trying to stave it off by wasting hundreds of billions of dollars only prolongs the agony. The recession is the period where the market attempts to correct itself by reallocating resources from failed businesses to more viable areas.
Except that this isn't a local recession that can quickly right itself. This one went global, and the collapse of the U.S. financial insitutions reverberated around the world. If it weren't for the infusion of the initial bailout money by Paulsen and Bernanke which began with the collapse of Lehhman Brothers, and the subsequent steps to stop the bleeding from hemorrhaging, we wouldn't even have an "economy" at all.
The recession was absolutely necessary, trying to stave it off by wasting hundreds of billions of dollars only prolongs the agony. The recession is the period where the market attempts to correct itself by reallocating resources from failed businesses to more viable areas.
Except that this isn't a local recession that can quickly right itself. This one went global, and the collapse of the U.S. financial insitutions reverberated around the world. If it weren't for the infusion of the initial bailout money by Paulsen and Bernanke which began with the collapse of Lehhman Brothers, and the subsequent steps to stop the bleeding from hemorrhaging, we wouldn't even have an "economy" at all.
The recession was absolutely necessary, trying to stave it off by wasting hundreds of billions of dollars only prolongs the agony. The recession is the period where the market attempts to correct itself by reallocating resources from failed businesses to more viable areas.
Except that this isn't a local recession that can quickly right itself. This one went global, and the collapse of the U.S. financial insitutions reverberated around the world. If it weren't for the infusion of the initial bailout money by Paulsen and Bernanke which began with the collapse of Lehhman Brothers, and the subsequent steps to stop the bleeding from hemorrhaging, we wouldn't even have an "economy" at all.
Not true at all. We all would have had to live within our means for a little while, but that's certainly preferable to setting us up for a bigger bust down the road as we are currently doing.
The recession was absolutely necessary, trying to stave it off by wasting hundreds of billions of dollars only prolongs the agony. The recession is the period where the market attempts to correct itself by reallocating resources from failed businesses to more viable areas.
Except that this isn't a local recession that can quickly right itself. This one went global, and the collapse of the U.S. financial insitutions reverberated around the world. If it weren't for the infusion of the initial bailout money by Paulsen and Bernanke which began with the collapse of Lehhman Brothers, and the subsequent steps to stop the bleeding from hemorrhaging, we wouldn't even have an "economy" at all.
Not true at all. We all would have had to live within our means for a little while, but that's certainly preferable to setting us up for a bigger bust down the road as we are currently doing.
Except that this isn't a local recession that can quickly right itself. This one went global, and the collapse of the U.S. financial insitutions reverberated around the world. If it weren't for the infusion of the initial bailout money by Paulsen and Bernanke which began with the collapse of Lehhman Brothers, and the subsequent steps to stop the bleeding from hemorrhaging, we wouldn't even have an "economy" at all.
Not true at all. We all would have had to live within our means for a little while, but that's certainly preferable to setting us up for a bigger bust down the road as we are currently doing.
I truly do not believe that (for the most part) the government has a clue as to what this means.
Why will Toyota and Honda leave?
Toyota decided on a plant in Canada, citing a bunch of stupid hicks in the southern US that couldn't read.
And are these slow red necks down south suggest that they are harder workers or smarter than us? What a joke. Maybe the blacks that still live down south are as smart as us and faster and maybe harder workers, but not the Mayberry Dukes of Hazard white people who walk around with a piece of hay sticking out of their mouth. With that slow drawl accent. It takes them 2 times as long to say something that we say, so what makes us think they are fast producers?
They are just cheaper, thats it.
Toyota decided on a plant in Canada, citing a bunch of stupid hicks in the southern US that couldn't read.
And are these slow red necks down south suggest that they are harder workers or smarter than us? What a joke. Maybe the blacks that still live down south are as smart as us and faster and maybe harder workers, but not the Mayberry Dukes of Hazard white people who walk around with a piece of hay sticking out of their mouth. With that slow drawl accent. It takes them 2 times as long to say something that we say, so what makes us think they are fast producers?
They are just cheaper, thats it.
Are blacks smarter than whites? If they're equally poor and ignorant? Do they have some extra brain appendage I'm not aware of?
Otherwise, what an idiotic statement. Just one of thousands, sadly.
We need people to spend in order to get this economy going again. We need people working, and making good money. We need to fix the trade imbalance. We need healthcare to be more affordable. We need to take back the Federal Reserve. We need to put back important regulations.
Hey, you know how you can tell the dithering crybaby leftists (fixed) aren't being honest about things like regulations? They never talk about specifics. If there are any regulations that are bad, please tell us what they are and we will help to end those "bad" regulations.
.
The bailout, although it is easy to dislike and surely had a lot of questionable spending, most likely has staved off a depression style crash. These banks that are now returning the money still can't survive a run and never will be able to survive a run. Anytime that threat appears, it will be cheaper to throw a bunch of money at confidence than to have to pay out depositors from the FDIC. If you really want to see the dollar collapse, let them fail. The FDIC would have to borrow a spectacular amount of amount of money. 700 billion would be baby food.
We need people to spend in order to get this economy going again. We need people working, and making good money. We need to fix the trade imbalance. We need healthcare to be more affordable. We need to take back the Federal Reserve. We need to put back important regulations.
Hey, you know how you can tell the dithering crybaby leftists (fixed) aren't being honest about things like regulations? They never talk about specifics. If there are any regulations that are bad, please tell us what they are and we will help to end those "bad" regulations.
.
I'm not a man. I'm a little **** who wants to swallow your cum. Seriously.
Except that this isn't a local recession that can quickly right itself. This one went global, and the collapse of the U.S. financial insitutions reverberated around the world. If it weren't for the infusion of the initial bailout money by Paulsen and Bernanke which began with the collapse of Lehhman Brothers, and the subsequent steps to stop the bleeding from hemorrhaging, we wouldn't even have an "economy" at all.
Not true at all. We all would have had to live within our means for a little while, but that's certainly preferable to setting us up for a bigger bust down the road as we are currently doing.
Oh please. Why weren't you worried about this the last 8 years? Oh yea, because it was MILITARY spending that the GOP were blowing our money on. Where's all that money now? That's who won.
Defense contractors, healthcare, oil, telecoms, ceo's, mortgage company owners, wallstreet execs, insurance giants like AIG.
You're assuming that he's sane.You know better than this, sealy. You know that I have never supported any of Bush's wars anymore than I'll support Obama's wars. If it were up to me then all the troops would be home right now.
You're assuming that he's sane.You know better than this, sealy. You know that I have never supported any of Bush's wars anymore than I'll support Obama's wars. If it were up to me then all the troops would be home right now.
If you deviate one iota form his paranoid delusions, you're a republican piss bucket bearer.
Period.
The relief that I don't make sense to a mentally unbalanced lunatic, with the damnedest persecution complex I've ever encountered, is of no end.Oh no! HUGE difference between Kevin and you. HUGE!!! You're a fucking moron, he is smart. I might not agree with him all the time, but its usually just symantics. He makes a lot of sense. You make none.
The bailout, although it is easy to dislike and surely had a lot of questionable spending, most likely has staved off a depression style crash. These banks that are now returning the money still can't survive a run and never will be able to survive a run. Anytime that threat appears, it will be cheaper to throw a bunch of money at confidence than to have to pay out depositors from the FDIC. If you really want to see the dollar collapse, let them fail. The FDIC would have to borrow a spectacular amount of amount of money. 700 billion would be baby food.
Yeah, I also suspect (I don't know) the FDIC being on the hook for every depositor was the primary reason that Bush II then Obama find themselves bailing out the very people who screwed up.
Of course pointing that out to some people here is mostly a waste of time.
They're so damned busy finding partisan rationalizations why their team is good and the other evil incarnate that they're not much interested in such things as facts, I fear.
