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The House rejected the Bailout!
- Thread starter vomdominus
- Start date
please...it WILL pass eventually. why? because it's the only way to stave off mass hysteria and more. it SUCKS...but it will pass. sure..I'd love to see companies managed poorly crash and burn, taking down the stupid execs that sucked it dry. but...like it or not, that can't simply happen. it's a no win situation for people, yet nobody seems to see it that way. yada..yada.....
but you do have much to lose. that's what people don't seem to understand. it's NOT just about stock market and investments. I can't say that enough. unless you're assuming all your assets in the market may regroup by the time you're ready to retire...that may happen. in the meantime...it effects you. it effects us all.
I will continue to work, continue to adapt, and continue to make adjustments needed. Things may get tougher, but I can't say I really will feel too badly.
This whole notion that money can be made and retirements improved upon by simply moving money around and "credit" is ****ing rediculous to me. We need real substantive jobs, and products and money in which to buy things. A lot of our economy is nothing more than "speculation" and a fabrictated smokescreen.
These things happen when you let the rich get creative to create more wealth. we're screwed either way, and my life will continue to go on, albeit with some changes i'm sure. I don't really give a **** if those companies are able to be salvaged or not. Why should they be, they ****ing ran them into the ground. Nobody comes to bail me out when I screw up that big. We're going to pay the price either way, might as well do some house cleaning while we're at it, let them crash and burn.
This whole notion that money can be made and retirements improved upon by simply moving money around and "credit" is ****ing rediculous to me. We need real substantive jobs, and products and money in which to buy things. A lot of our economy is nothing more than "speculation" and a fabrictated smokescreen.
These things happen when you let the rich get creative to create more wealth. we're screwed either way, and my life will continue to go on, albeit with some changes i'm sure. I don't really give a **** if those companies are able to be salvaged or not. Why should they be, they ****ing ran them into the ground. Nobody comes to bail me out when I screw up that big. We're going to pay the price either way, might as well do some house cleaning while we're at it, let them crash and burn.
IF the worst happens, then you should be concerned with all aspects of the economy...and that is how it will effect you. not just if you have a 401K or anything else. if you think groceries are high now...just wait. think gas is a big ole pooper..just wait. that's IF the dollar doesn't plummet so low to where it doesn't matter if you have cash or not. your job isn't secure. it's isn't 'scare tactics' to try and have a realistic conversation about it. it's what's out there 'on the table'. but...I have biscuits to make...lol........so think what makes you feel most comfortable. 
I know nobody wants to think icky stuff. so...be it.
I know nobody wants to think icky stuff. so...be it.
If they bailed them out we (all of us little people) would inevitably be paying through the nose, and if they DON'T bail them out we will STILL be paying through the nose..........either way we get screwed for their mismanagement.
They may have voted no this time, but I say there will be a revision and another vote soon enough, and probably as many as it takes until they DO vote yes...........who knows. (I am not all that hip to understand fully how everything works, but I am pretty sure this isn't the last of it)
They may have voted no this time, but I say there will be a revision and another vote soon enough, and probably as many as it takes until they DO vote yes...........who knows. (I am not all that hip to understand fully how everything works, but I am pretty sure this isn't the last of it)
I think NOT passing this Bailout Bill will actually save the dollar .. or at least the 4 cents it's worth now with no hyperinflation to come.
We'll see inflation bigtime like never before.. but it wont hit as hard as soon .. more people have time now to prepare for the winter. If this Bill never passes .. they will crash and burn and in about a year all prices will drop. And of course there will be no Amero.
Either pass or not, our economy is gonna crash. It's the hyperinflation we need to avoid. It's the hyperinflation the government wants. Hope they never pass it.
We'll see inflation bigtime like never before.. but it wont hit as hard as soon .. more people have time now to prepare for the winter. If this Bill never passes .. they will crash and burn and in about a year all prices will drop. And of course there will be no Amero.
Either pass or not, our economy is gonna crash. It's the hyperinflation we need to avoid. It's the hyperinflation the government wants. Hope they never pass it.
They'll pass something. They're just duking out exactly what. A delay is probably good, because it does two things 1) force them to actually THINK about what they are doing and 2) force at least some of the banks and companies in trouble to try to find buyers rather than waiting for the government. For example, Citibank just bought WAchovia. Now, since Wachovia is my bank and I don't feel warm fuzzies towards Citibank, I'm not too happy about that, but its better than WAchovia being bailed out by the government, at least in teh grand scheme of things.
I will say that when this is over, the antitrust people are going to have a field day . . .
I will say that when this is over, the antitrust people are going to have a field day . . .
Didn't the FED do it anyhows ... http://www.bloggingstocks.com/2008/09/29/fed-ecb-boe-boj-again-add-funds-to-financial-system/print/
See this is why they are Unconstitutional ... this was a comedy show to them. Get ready America .. we going down tough.
http://www.youtube.com/watch?v=lFh6PU6qM9Q
See this is why they are Unconstitutional ... this was a comedy show to them. Get ready America .. we going down tough.
http://www.youtube.com/watch?v=lFh6PU6qM9Q
That already seems to be happening, as the Gov't has now decided to pump about 600 Billion in cash into the economy world wide, rather than the 200 billion it was initially going to to do.
http://www.bloomberg.com/apps/news?pid=20601087&sid=ahwz_k5JvuB8&refer=worldwide
We're all old enough to remember WWII or to have learned about it in school. What happened to Germany when the gov't just continued to print and circulate more money between WWI and WWII???? anybody, Bueller?? Was the outcome good?
Nothing like taking a wheel barrow full of money and can't buy a **** potato with it, makes for some pretty rough toilet paper though.