Bail Out Fails

[HaZed]

Originally Posted by -faded-

dow is down by 778 points, biggest drop ever and its only going to get worse

fuk!!! watchin it now!

[®ôé£vï$]

split that 700 billion dollar shit up and let us enjoy the anal raping with our new plasma tv's

[95coBraSVT]

Originally Posted by ®ôé£vï$

split that 700 billion dollar shit up and let us enjoy the anal raping with our new plasma tv's

Can't enjoy that plasma if you have nowhere to plug it in. Enjoy it in your....BRAND NEW HOME!!!!!!! This cardboard box was just discarded by one of the richest fatcats in Washington. You are not fit to smell their crap, but we are giving this cardboard box to you for the low low price of.....Wait for it....FREE!!!!!!

[blue_eclipse93]

Originally Posted by ®ôé£vï$

split that 700 billion dollar shit up and let us enjoy the anal raping with our new plasma tv's

+1

[TJElite]

Originally Posted by blue_eclipse93

It does make a difference bcuz if you think about it that money has to go somewhere right? Well the debt we have to pay off gets paid off and helps that company....the stores we spend the money at...what do you know it helps them stay in business too...so here's a question..how wouldn't it make a difference?

Most likely, people will buy Chinese goods, from large businesses. We just did this with the stimulus program, and aside from bumping up Walmart for one quarter, not much changed.

A couple of things that need to be highlighted...

Yes, the banks gave bad mortgages, but letting them suffer, will only hurt the rest of us. The banks will stop lending money, and that will not be good. For starters, lots of big companies work on very little cash at any given time. They take out short term loans (against accounts receivables) for things like, oh, payroll. Sure, this isn't the best way to do things, but it happens all the time. When those companies can't borrow this money, because the banks are broke, then workers don't get paid. This does not just involve the banks, and their shareholders.

Two, this is not really a 'bailout'. The government will buy the bad debt, at very reduced rates, and then sell them later, most likely for a profit. Yes, the banks could do that themselves, but they don't have the money to wait around...the federal government does.

Toby

[BoosTedEj25]

Things are bad and only going to get worse

[TJElite]

Originally Posted by 95coBraSVT

Actually, according to Tim's math, it would come out to around $450,000 per person(not household). ***EDIT*** I don't see how this is possible though. Maybe $45,000 per person, ut not $450,000. /EDIT

Still got some decimal places wrong... Its about $3k per person.

300m americans, 75% over 18 = 225,000,000 million people

700B dollars, thats 700,000,000,000

You can either copy and paste 700000000000/225000000 into google, or go back to 8th grade math.

7/225=.0311111. Since 700B is 7 with 11 zeros, and 225m is 225 with 6 zeros, you need to move the decimal 5 places to the right (11 zeros - 6 zeros) which gives you $3111.11

Again, nice, but not enough to make a difference, unless the money is targeted...like 700b to buy bad mortgage debt.

Toby

[95coBraSVT]

On the plus side, oil is down to $95 a barrel.

[Mr. K]

God Bless America. Yea, where's your God now? Fuckin Bible thumpers are even starting to question shit, hah. Funny thing is a common misconception and twist of words is that of Christians believing the God mentioned on our currency is the God of the Bible, when in fact, its a Deist God.

/rant!

Fuck the government!

[TIM TIM TIM]

I never did the math on the 700B to everyone, I figured it would probably be atleat 10k.. But even so, the average household has 2 people so 6k in my pocket would feel pretty fucking good, pay off all credit card dept and get a mtg payment or 2 in there. I wouldnt think its worth it though, I suck at math

[TIM TIM TIM]

Originally Posted by Mr. K

God Bless America. Yea, where's your God now? Fuckin Bible thumpers are even starting to question shit, hah. Funny thing is a common misconception and twist of words is that of Christians believing the God mentioned on our currency is the God of the Bible, when in fact, its a Deist God.

/rant!

Fuck the government!

how do you seriously bring God into it? Just to make it simple for you, think of God as your big daddy.. He occationally needs to teach you a lesson. Now if the whole country caught on fire and volcano's were erupting along with earthquakes and hurricanes hitting all at the same time. Then maybe you could be asking God why, but this??

[95coBraSVT]

Originally Posted by TJElite

Still got some decimal places wrong... Its about $3k per person.

300m americans, 75% over 18 = 225,000,000 million people

700B dollars, thats 700,000,000,000

You can either copy and paste 700000000000/225000000 into google, or go back to 8th grade math.

7/225=.0311111. Since 700B is 7 with 11 zeros, and 225m is 225 with 6 zeros, you need to move the decimal 5 places to the right (11 zeros - 6 zeros) which gives you $3111.11

Again, nice, but not enough to make a difference, unless the money is targeted...like 700b to buy bad mortgage debt.

Toby

LOL Trust me, I understand 6th grade math quite well. I was using someone else's math solution, not my own.

Of those 300 million "Americans", how many are LEGAL? Let the illegals go home. Quit hemoraging billions of dollars to the helpless in other countries. Make one more large troop surge in Iraq (around 500,000 troops) and then pull out within 4-6 months. At that time, the situation will have changed. Why? because we wouldn't be hemoraging money out to Iraq anymore. I'm not saying pull them all out right this moment. I know that we need to make sure they have their own security and such, but they need to know that we are done supporting them. They are getting fat off our tits, and it needs to stop. I don't support a timeline for pullout so to speak, but they need to know that we are done giving them money. If they want to pay for our troops to stay there, then great....If not, then I say we drop them like a hot rock. Lock, stock, and barrel...Out...Suddenly. If we pull out slowly, then we put our own troops in danger.

As for the bail out...poor loan practices lead to what we are experiencing now. And if the gooberment bails them out now, then they continue to do it because...Well...afterall, the gooberment will just bail them out.

[TJElite]

I think that they will eventually pass the bail out. Right now, they are just posturing. Its that crap that makes me want to vote all politicians out, and start over.

You'll still have foreclosures, and that's just the way it is. Lots of people facing foreclosure now, though, will be able to pay off their mortgages, under new terms. If this bailout doesn't pass, though, things could get very ugly.

As for the resident Atheist...my god still looks out for me. I've never been promised anything but help through tough times, and been granted that repeatedly.

Toby

[95coBraSVT]

Originally Posted by TJElite

As for the resident Atheist...my god still looks out for me. I've never been promised anything but help through tough times, and been granted that repeatedly.

Toby

Actually, He will never give us more than we can handle. He will be there for us when we ned to talk, and when we have problems. If He going to magicly produce $200,000 for you to pay off your mortgage? Nope. Is he even going to provide you a job so you cna pay it off? Nope. But He will give you the means to provide it for yourself. He will give you the knowledge to get educated so you can get that job you need to get to pay off your mortgage. If you're too ignorant to make the right CHOICES, then it's YOUR fault, not Gods. Thats the wonderful thing about Him giving us the power of CHOICE.





< Putting on flame suite now.

[blue_eclipse93]

Of course they have to eventually pass one their not just gonna sit there and let america fall