we are fucked for about 6-10 years, but after that we should be sweet
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we are fucked for about 6-10 years, but after that we should be sweet
That's right, be a liberal lemming and choose not to understand the rammifications of passing this bill as is.Quote:
Originally Posted by Shastafarian
We are better of to have a recession that the depression this bill will cause.
Where did I say I thought this was the answer? I find it troubling you're having such a good time you fuckstick.Quote:
Originally Posted by Aggie Hoopsfan
Yeah. I've gotten into the market over the last year and made some gains, but today is a bit of a hit so far. It will go back up over time but in the short term I'd really feel better if I didn't have any money at play in the market.Quote:
Originally Posted by Wild Cobra
Oh I'm sorry I forgot you guys majored in economics from Harvard..Yale...Youngstown State?Quote:
Originally Posted by Wild Cobra
Hell no. The hard knocks of real life university!Quote:
Originally Posted by Shastafarian
Yet you're so sure this thing would've failed. Why, because of your free market ideals?Quote:
Originally Posted by Wild Cobra
Why shouldn't I have a good time with this?Quote:
Originally Posted by Shastafarian
- It was a horrible deal for American taxpayers. The only people this was going to be good for was the ones on Wall Street who got us in this mess.
- Pelosi came out this morning and talked a bunch of shit about McCain and the Republicans and how they needed to get on board the Democratic plan that her, Reid, Dodd, and Frank came up with that was so great.
She got a big fuck you by the Republicans today, and many in her own party as well. Awesome leadership there by her in her own house, look at how many Dems voted against it.
- It gives me hope for our country. Many in this country were asleep at the wheel and only could think as far as the media could tell them to think. It's clear from the last week that Americans made it crystal clear to their representatives in D.C. that they are tired of Wall Street and D.C. big players deciding the direction of this country.
I'm a student of history and the economy. Like I said, we are going to have a recession regardless. This will hasten that (assuming they don't come up with another bill), but the sooner we get it over with the sooner our country (and the world) can move on.
Our financial system has a gaping head wound, and all this bill would have done was put a butterfly bandaid on it. We still would have bled out, but the Wall Street bastards would have been sitting on a pile of gold at the end of it while the rest of us died a slow, bloody death.
Because it does nothing to solve the problem.Quote:
Originally Posted by Shastafarian
Those toxic debts can't be traded for used toilet paper, yet D.C. and Wall Street are trying to convince everyone that it's worth $700 billion AND we'll make a profit :lol
Jim Kramer thinks it is a good thing and he said he'd invest in the plan if he could. I'm no economic genius regardless of what some of you may think.
The truth of the matter Shasta is that they will buy off enough people in the House to get this vote to go through, I'm afraid.
That, or come back with a better version of this bill (to the public's perception) that doesn't have as much bullshit in it.
I'm not holding my breathe on this being a permanent solution.
Yeah, I can't see any reason why a former Goldman Sachs guy that is still sitting on a bunch of GS stock would want to see this go through. :rolleyesQuote:
Originally Posted by JoeChalupa
LMAO, Dems blaming Republicans for not delivering the votes.
Fuck them (Dems).
WHO GIVES A SHIT ABOUT PELOSI AND PARTISAN POLITICS?!?!? She's doing what she thought was best to get the bill to pass. God you're such a fucking cuntbag. People are losing their savings right now. By the end of the week a lot of people might be broke. Yet you're loving every minute of this. Go fuck yourself.Quote:
Originally Posted by Aggie Hoopsfan
Support the good institutions. Let the bad ones fail. viva la free market :tu
I'm not happy with what the immediate results will be from this failing, but the bailout was a horrible idea from the beginning.
Probably. But the psyche of americans comes into play (something some people fail to realize) and the economy could crash as a result. A lot of people don't understand economics well enough to know whether this was a good deal or not. They see the stock market fall and they in turn take their money out of banks. Then the market falls further and so on.Quote:
Originally Posted by romad_20
I never thought I would ever say this, but today I'm switching my vote to Obama.
Republican and their class warfare bs was the final straw. Just a bunch of talk, but when it comes down to it their distorted sense of ideology is more important the common freakin sense.
I'll change my sig later.
Quote:
Originally Posted by Aggie Hoopsfan
clueless.:bang
No one's going to lose their savings this week, all savings are insured up to $100K, and if you've got $100K in the bank you're smart enough to not put it all in one place.Quote:
Originally Posted by Shastafarian
Pelosi is a bitch. I am laughing at her because her, Dodd, Frank, Paulson, and Bush all got together in a room and decided this bailout in secret. And she thought she was hot shit for coming up with a plan to fuck us all over while blaming it on the Republicans.
So you can call me partisan if you want, fine, you're been as much of a partisan bitch for the left on this forum since you joined.
McCain couldn't deliver?Quote:
Originally Posted by Aggie Hoopsfan
If you mean the bill, I was only sure of failure as long as it retains Pelosi's earmarks. Both sides are willing to sell our future out to their elitist friends.Quote:
Originally Posted by Shastafarian
If you mean that the bill will fail if implemented, yes to that too. Corporate sharks say the buyout os about double the $700 billion, or about $1.4 trillion. Short of that, the bill is a total waste of money. Then on top of that, the future will repeat without getting rid of the regulations that allowed and caused this. The free market wasn't free. Lenders were forced to make bad loans as part of community development. That, especially, needs to be removed.
Class warfare against the billionaires on Wall Street? Guilty as charged.Quote:
Originally Posted by 2centsworth
By the way, that previous post was tongue in cheek partially. There will be a new bill passed or they will get the votes for this one.
I'm just glad to see someone take a stand against all the closed door bullshit that's been going on the last week or so.
Quote:
Originally Posted by 2centsworth
I don't understand how party even plays into this. Significant numbers on both sides of the aisle voted "No."