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| are you in favor of the bailout |
| in favor |
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16% |
[ 4 ] |
| opposed |
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83% |
[ 20 ] |
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| Total Votes : 24 |
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| Author |
Message |
ccflowergirl
Phoenix
Joined: Mar 18, 2008
Posts: 748
Location: tulsa,ok
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 Posted: Fri Sep 26, 2008 11:05 am Post subject: bailout |
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what do you think of the proposed bail out?
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monty
Phoenix
Joined: Sep 05, 2007
Posts: 2507
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| Posted: Fri Sep 26, 2008 11:39 am Post subject: |
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| Which proposed bailout? President Bush put one forward, then there was a proposed compromise, then the House Republicans came up with another plan. |
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ccflowergirl
Phoenix
Joined: Mar 18, 2008
Posts: 748
Location: tulsa,ok
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| Posted: Fri Sep 26, 2008 12:31 pm Post subject: |
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| monty wrote: | | Which proposed bailout? President Bush put one forward, then there was a proposed compromise, then the House Republicans came up with another plan. |
ALL
i don't understand
are they saying that the us government is going bankrupt?? 
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skafather84
Platypus God
Joined: Mar 21, 2006
Age: 24
Posts: 5163
Location: Los Angeles, CA
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techstepgenr8tion
cleveland audio assassin
Joined: Feb 07, 2005
Age: 29
Posts: 5670
Location: That's for me to know and for you to find out.
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| Posted: Fri Sep 26, 2008 12:59 pm Post subject: |
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The bailout is sketchy - ie. it could make money if the mortgages snap back, on the other hand its $700 billion unchecked in Paulson's hands (and yes, this is one of those wonderful pieces of legislation - or work - that republicans and democrats can all agree on in terms of its worth).
On the other hand, I think the new proposal is far better. The idea that McCain, Boehner, Ryan, and some other people came up with to, rather than having the bailout, have the Treasury insure the mortgages rather than buy them all up in lump sum. Lieberman just got off the phone with Prager a few minutes ago, sounds like they may even have a resolution to take to the voting floor by even tomorrow morning. Regardless it sounds like they're very much committed to trying to get this in and resolved before the markets reopen Monday.
Last edited by techstepgenr8tion on Fri Sep 26, 2008 1:00 pm; edited 1 time in total |
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pheonixiis
Phoenix
Joined: Oct 02, 2007
Age: 31
Posts: 682
Location: sifting through the ashes
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| Posted: Fri Sep 26, 2008 1:00 pm Post subject: |
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kay...?
Who else thinks we're completely screwed?
*raises hand*
Retirement? What retirement?! Gone. Poof.
My father lost $20,000.00 in one day!
I dunno about the rest of ya'll but I'm scared witless. I'll admit it. I can't even spit right now.
Make the bastards that tanked their own companies accountable.
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AnonymousAnonymous
More Riddler than Joker
Joined: Nov 24, 2006
Age: 18
Posts: 6783
Location: Portland, Oregon
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| Posted: Fri Sep 26, 2008 1:47 pm Post subject: |
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$700 billion is a 100% waste of government money.
Who knows how long it will take for the government to make $700 billion back?
President Bush's 3-page proposal on the $700 billion bailout
is sketchy enough, there are not enough details.
If his proposal goes through in Congress,
then it will be $700 billion unchecked by Paulson.
Wall Street needs to pay for their own bailout,
rather than depending on the government to do so.
Right?
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pheonixiis
Phoenix
Joined: Oct 02, 2007
Age: 31
Posts: 682
Location: sifting through the ashes
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| Posted: Fri Sep 26, 2008 1:52 pm Post subject: |
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| AnonymousAnonymous wrote: | $700 billion is a 100% waste of government money.
President Bush's 3-page proposal on the $700 billion bailout
is sketchy enough, there are not enough details.
If his proposal goes through in Congress,
then it will be $700 billion unchecked by Paulson.
Wall Street needs to pay for their own bailout,
rather than depending on the government to do so.
Right? |
Bingo.
This bailout strikes me as short-term-life-raft=long-term-bloody-train-wreck.
They should be accountable for the risks they took. Not taxpayers. A tax fallout that will be carried by an already staggering middle class.
No bail-out. No way.
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Very well then I contradict myself.
(I am large, I contain multitudes.)
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ToadOfSteel
Extremist Moderate
Joined: Sep 24, 2007
Age: 20
Posts: 2819
Location: New Jersey
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| Posted: Fri Sep 26, 2008 2:30 pm Post subject: |
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I planned within my means, and got a fixed-rate loan...
Where's my bailout? |
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AnonymousAnonymous
More Riddler than Joker
Joined: Nov 24, 2006
Age: 18
Posts: 6783
Location: Portland, Oregon
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| Posted: Fri Sep 26, 2008 2:47 pm Post subject: |
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If any proposal, even a compromised one, goes through in Congrees,
it will turn Paulson into a financial dictator.
This is the Bailout from Hell!
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It's time to introduce a little anarchy. |
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techstepgenr8tion
cleveland audio assassin
Joined: Feb 07, 2005
Age: 29
Posts: 5670
Location: That's for me to know and for you to find out.
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| Posted: Fri Sep 26, 2008 2:51 pm Post subject: |
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Wanna open a Tech-Ska Mutual?  |
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ascan
Phoenix
Joined: Feb 23, 2005
Posts: 1700
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| Posted: Fri Sep 26, 2008 3:53 pm Post subject: |
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| monty wrote: | | Which proposed bailout? President Bush put one forward, then there was a proposed compromise, then the House Republicans came up with another plan. |
Fiddling whilst Rome burns...
Don't you love politicians? |
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techstepgenr8tion
cleveland audio assassin
Joined: Feb 07, 2005
Age: 29
Posts: 5670
Location: That's for me to know and for you to find out.
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| Posted: Fri Sep 26, 2008 4:23 pm Post subject: |
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| ascan wrote: | | monty wrote: | | Which proposed bailout? President Bush put one forward, then there was a proposed compromise, then the House Republicans came up with another plan. |
Fiddling whilst Rome burns...
Don't you love politicians? |
I think it comes down to that initial proposal - which is a terrible big-government solution. Gingrich has also commented, as the Democrats are the one party where there's huge support for Bush, that it would mean that Paulson (who seems well allied with the Dems) would have all this bailout money and would have the ability to leverage and generally push Wallstreet around (on behalf of benefactors like Reid and Polosie; the later of which I find Hilary quite likeable in comparison); really scary stuff when you think about it.
The second one is coming from a lot of the different solutions that have been coming in from prominant economists. The really sad part, most of Bush's advisors and Henry Paulson - all old Goldman Sax people, probably all corroborating on handing that ball of crap to GWB (they probably should have added the Brooklyn Bridge and Everglades while they were at it). Yes, technically, if carried out in a purely innocent matter, the first plan could gain money if the market goes up, at worst could only lose a percentage but not all be lost (even if we had a 1930's type depression) but regardless - starting next year tax payers would be squeezed hard.
The idea of insuring the debts and playing it as it goes seems far better and this way there's no one playing God (especially a someone with no oversight).
On a side note though, if there's ever been a time where McCain's done a great job ar wracking up populist points (which I think has been during this whole time his and Sarah's biggest strength), the replacement proposal is what the people really wanted. The debates are coming up tonight and it should be interesting how much of this whole matter will get injected into the dialog. |
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ascan
Phoenix
Joined: Feb 23, 2005
Posts: 1700
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| Posted: Fri Sep 26, 2008 4:41 pm Post subject: |
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| techstepgenr8tion wrote: | | The debates are coming up tonight and it should be interesting how much of this whole matter will get injected into the dialog. |
Indeed it will. I've been following it over here. I don't normally take too much interest in US politics, but as current events are some of the most important (in a world context) we're likely to see for some time, and will shape the world we live in for decades to come, then it does become somewhat captivating. |
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skafather84
Platypus God
Joined: Mar 21, 2006
Age: 24
Posts: 5163
Location: Los Angeles, CA
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| Posted: Fri Sep 26, 2008 4:53 pm Post subject: |
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| ascan wrote: | | techstepgenr8tion wrote: | | The debates are coming up tonight and it should be interesting how much of this whole matter will get injected into the dialog. |
Indeed it will. I've been following it over here. I don't normally take too much interest in US politics, but as current events are some of the most important (in a world context) we're likely to see for some time, and will shape the world we live in for decades to come, then it does become somewhat captivating. |
a new order of the world is coming.
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