FUCK THE POLICE
911 EVERY DAY
No, supply siders are different and even more idiotic, if that's even possible.
Wildly unpopular bailout?
- Thread starter FUCK THE POLICE
- Start date
No, supply siders are different and even more idiotic, if that's even possible.
Socrtease
Verified User
I get minus 20 because I forgot you while reading your post.
KingCondanomation
New member
Obfuscate, Socrates, Darla (sort of), blackascoal, blackflag oppose it.
Onceler and Superfreak are moderates sure, you are not, not deep down anyway.
What is your point here? That moderates always do what is right or is it that they do what seems safer.
Plenty of moderate Dems voted for the Iraq war and to increase military spending, moderate Republicans in power are in favor of more spending and consider cutting government too extreme.
A lot of moderates can't bring themselves to cut spending, where do you think that leads? Where does this bailout lead? To yet more debt.
I've never said that 999% of people are against it. That would impossible.
Secondly, I'm an extreme lefty excluding taxes.
I know!
tell me about it.But I do feel a lot better since you're against it too. You always tend to be right about stuff like this.
You forgot me. I don't support it and I'm a moderate.
LMAO
Basically WM is full 'o $hit on this one. Its the one issue that's not really partisan. Its us against them. And by us, I mean you and me and by them I mean washington's special interest groups.
We're all going to take one up the @$$ for this deal. Whether or not WM realizes it or not, these same clowns that told us the $600 in tax rebates would save our economy are telling us that $700B to banks will do the trick. The dollar will continue to fall, inflation will sky rocket, and we'll be paying for it along with Iraq for decades to come.
At the end of the day it really doesn't matter the senate including both presidential candidates are selling us out. Our lawmakers don't care about us, they care about reelection. I'm actually so disgusted with politics and politicians at this point I am thinki ngabout writing in Cynthia McKinney for everything this year. Even in my local township races.
Yeah, it’s not going to work, doesn’t address the problem, and is only a hail mary to hold up the DOW until after the election, so no one can be blamed before the election.
It's a $700 billion bailout. To keep things in perspective, the market lost $1.2 trillion in value on Monday.
I guess I don't need to reiterate, but I think it's worth a shot; even if it just lessens the fall, that's something that will affect a lot of people.
The ITC being bundled into this bill is unbelievable. How lucky can a guy get over past month? First a free car, a 4day work week, stock gifts, and now this.
honestly i think people that invest in the market and understand whats going on are for it and people with no vested interest in the market or without the understanding of what would happen are against it. That break is blind to the republicans or democrats label.
honestly i think people that invest in the market and understand whats going on are for it and people with no vested interest in the market or without the understanding of what would happen are against it. That break is blind to the republicans or democrats label.
Last edited:
"people with no vested interest in the market "
I'm not sure that there is anyone like that.
The thing on this is, for someone making $50-60K a year, their tax bill will hardly change; the people who are going to pay the most for the bailout are, and I'm just guessing here, more likely to have 401K's & other investments. And that's just people who are directly affected by the market.
Ultimately, everyone is affected by the market. If the market goes down 1-2,000 pts., a lot of those $50-60K people, who will be least affected by the bailout, could easily lose their jobs, or see overtime cut, or lose benefits....it will affect them much more than whatever small tax increase they'll see from the $700 billion.
I'm not sure that there is anyone like that.
The thing on this is, for someone making $50-60K a year, their tax bill will hardly change; the people who are going to pay the most for the bailout are, and I'm just guessing here, more likely to have 401K's & other investments. And that's just people who are directly affected by the market.
Ultimately, everyone is affected by the market. If the market goes down 1-2,000 pts., a lot of those $50-60K people, who will be least affected by the bailout, could easily lose their jobs, or see overtime cut, or lose benefits....it will affect them much more than whatever small tax increase they'll see from the $700 billion.
That's total horseshit. There are lots of people that understand full well what is going on and understand full well the bailout proposals that are not in favor of it. Casting aside all criticism of it as coming from people that don't know what they're talking about (while there is a lot of that) is nonsense.
It'd be a whole lot easier for people to understand that if they benefited from the upswing in the market as well as suffering from the downswings. Over the past eight years economic growth has been concentrated in top 20% of income earners, with most of the growth in the top 5% or so. It's no wonder lots of people are against the bailout.
Sir Galahad
Christian Socialist Party
I think your right and I agree. This bailout may not even work but hell its worth a shot... Its crude and overbearing but it attacks the rootcause.
Without it we will continue to pour money into the bank failure of the week (i think i read somewhere that we already have spend like 400B) and the market will plummet. Capital will be hard to raise and companies will slow way down and layoff. I hope it works.
Well, I agree with part of that, but would argue that this didn't really tie into the market as much. After all, the market was pretty flat for the past 8 years.
The '90's are a better example; nearly everyone rose w/ the market's fortunes in the '90's.
