“Bail out” or “rescue”

“Bail out” or “rescue” [+ favourites]

Paulson plan- the U.S. treasury to buy up to 700 billion dollars of assets

Additions to the plan:
• Limits on executive compensation
• Oversight
• Ownership stake
• Some help for foreclosures
• Only 250 billion at first payment will be installments

At first money will come from the treasury there will be expenditure.

So where does that money come from? Borrowing from abroad

So now there will be downward pressure on the dollar, just watch in up coming months at the price of the dollar.

Now to the debate:

Lehrer: “ 700 billion will cost us what will you give up”

Obama” increase taxes on top 5% and slowing down spending

McCain: “earmarks” reducing pork barrels this does not make sense because they make up less than 1% if budget

Ideas: social security, Medicaid, Medicare, defense, interest on debt

So what do we do?

""Man is least himself when he talks in his own person. Give him a mask, and he will tell you the truth" -oscar wilde"

Increase taxes greatly for 4 years. We are Americans, if you do not support Americans with higher taxes to fix these issues, give all the money you made while in the US and get out. You are not a patriot. A free market system fuels instability and risk. The lobbyists in our presidents ear gambled and hoped that if they failed the working class will pick up the bill. Let them go under and allow other businesses to rise up to the void. Maybe then they will opt for a more stable socialistic economic system.
Those funds will go to paying off the debt and increases the value of the dollar.
The rest of the funds will go to directly into the American economy. Don’t give out money to the people, they want to save, we got smart and are finally following the intelligent habits of the Europeans and Japanese. Put the money into our hospitals, infrastructure and schooling. As these three directly correlate with the middle and poor class. This will force the economy forward.
We need allies. China has the man power, but lacking in experience, wisdom and logistics. E.U. has wealth, a stable economy and political power. And Russia, we cannot allow them to break apart. They have a huge military arsenal that will be sold off to warlords if the country breaks up.

Lessons from the revolutionary war; parallels.
Britain paid a great deal of money to secure the colonies from the Native Americans.
We are paying a great deal to stabilize Iraq.
Britain was engaged in multiple wars around the world. They needed money, saw thriving colonies and tried to tax them to ease the treasury issue.
USA is engaged on multiple wars on different fronts around the world. Our deficit is getting worse, Iraq is now starting to thrive and now we’re looking to tax.
Colonists wanted Brittan out, and to leave them alone.
Iraq wants us out, and to leave them alone.
Allies (France mostly) intervened at the right time to throw off Great Britons ability to keep down the misunderstood conflict and deal with rising situations around the world.
If you can’t figure the rest out, you need to catch up on a great deal of history and current events.

Get intelligent, people in office. Stop this embarrassing corruption, separate government and corporations. Respect our constitution, become a balanced republic again.
The government is made by the people, for the people. Let’s start using its power correctly.

""Live to become, not aquire" Kenneth R Bowles"

Wow, after hearing that I feel like I am wasting my time in the Military.

""Live to become, not aquire" Kenneth R Bowles"

“Bail out” or “Rescue”

Try "Armed Robbery".

This whole charade is patently insane and blatantly obvious in its criminality.

How anyone sees the fix to this problem as throwing more of the problem at it is beyond me.

"The Greatest Enemy of Knowledge is Not Ignorance, It is the ILLUSION of Knowledge. Stephen Hawking"

I'm a Canadian and I live in Canada. I want you guys to know that this baillout is really cool.

I'm invested in your stock market and your tax dollars are now being used to help give me the profit margins I want. Once I make my profit I'm going to sell and convert my money into Canadian dollars and live my life.

Undoubtedly bleeding your economy dry are other investors. Undoubtedly your economy will crumble as you bleed your tax dollars out.

I want to thank you and your government for making these decisions, making it easier for me to rob your country and live my life peacefully in another one.

"Hating everyone protects me from elitism."

This bailout is ridiculous. It goes against the foundations of capitalism and free market economies. You want to socialize healthcare, education, utilities, transportation... fine. These are needs that all humans share. Money is a game that we play all over the world. This country, the US, is breaking it's own rules by doing this and causing tax payers to suffer for it. The treasury is NOT paying the bill here, the money is going to come directly from tax payers. This causes two problems...

1) The actual money has to come from somewhere - This means George Richardson WILL have to start up his printing press. All of that money being printed will lower every US dollar currently in circulation by about 1-3% especially when you include the $25 billion dollar bailout for ford, GM and Chrysler. There are a few other smaller loans being made as well. So summarize... US dollars are going to fall even more.

2) The $700B is one quarter of the national budget. You CAN'T CUT that much of the budget. Not even 8%. This would impact so many systems so greatly that we're going to be screwed and the people who are going to take that hit are the middle class and lower class. The lower socioeconomic scale will suffer from lack of funds to support things like HEAP (heating energy assistance program) and WIC, food stamps, etc etc.
The middle class will suffer by having to make up more taxes to pay back the treasury. The funny thing is, in reality, the treasury will get a bunch of money from the Fed, so they'll have to pay that back, but the fed really doesn't need any money because they'll just print more anyway and continue to boost inflation.

For those of you who think that bernenke is in anyway shape or form a hawk like Al Greenspan was, think again. I too, thought this at the outset of his tenure, but he's obviously just a guy who thinks dropping the prime rate once quarterly will control inflation. Maybe he should turn on CNBC and see what's happening, because he's having the opposite effect. If you think things are bad now, wait until 5 or 10 years from now when the false bottom falls out of this and the market and economy both plummet. All we're doing right now is building cushions under the bottom which will eventually give way and topple and there will be a further distance to fall.

5 or 10 years from now I won't own one US dollar! Who gives a crap what happens to the US by then?

"Hating everyone protects me from elitism."

Decius, one major flaw of your seperate country safety net is the coming American Union, and since you'll be better off to start, your going to have to put up with people like me eating out of your dumpster, but I'll soon be having to make room for you.

"The Greatest Enemy of Knowledge is Not Ignorance, It is the ILLUSION of Knowledge. Stephen Hawking"

Thats my fucking dumpster and I'll be dammed if I let some yank eat out of it...

"Hating everyone protects me from elitism."

ROFL

"When I was a child I flew! Then as an adult- I watched others soar."