Screw this administration and their BS scare tactics. Time and time again they've pushed through legislation under the facade of having to quickly avert a national crisis, and this bailout isn't any different.
All that we were hearing last week is that if the bailout wasn't finished by the end of the weekend, our economy would BLOW UP OMG!!! Well, it's Monday and the bailout bill just failed in the House of Representatives, and somehow we're all still alive.
There has never been a crisis in the history of this nation that could have been (or has been) solved by legislation being written and shoved through congress in under a week. Never.
This bailout plan is a travesty, and the fact that it didn't pass today offers a small glimmer of hope that maybe, just maybe we'll get through this "panic" without resorting to socialism.
Sep 29 2008, 10:29 am
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Cheeseburgermafia
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Let the businesses who failed.. um, FAIL! Either we're capitalists, or we're not.
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This bailout plan is a travesty, and the fact that it didn't pass today offers a small glimmer of hope that maybe, just maybe we'll get through this "panic" without resorting to socialism.
I share your same feelings on this. I'm worried that this will be put to vote at least one more time this week; arms will be twisted, committemanships will be promised, earmarks will be granted... this isn't over, not by a long shot. If you haven't already, flood your local congressman's office with emails, phone calls, or anything to voice your dissent. | |
Biggest 1 day drop in stocks EVER is pretty bad....
It's not socialism. Socialism would be if we nationalized all banks. It's closer to fascism- keeping a veneer of private ownership but just socializing the losses. It's junk either way. | |
I feel like Ron Paul actually understands the economy a lot better than those supporting the bailout plan, including Obama and McCain. Does that mean I'm gay?
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Let the businesses who failed.. um, FAIL! Either we're capitalists, or we're not. This can have catastrophic effects on all of the other forms of businesses, unfortunately, because it effects banks. We aren't laissez-faire capitalists. In order to keep our country running and out of the poor-house, we need some government intervention sometimes. However, I think in this case it can be solved without the government handing out money. Although, this could be a chance for the government to make a lot of money in the future. | |
No, it just means you hate blacks, Muslims, and women.
Stupot wrote: I feel like Ron Paul actually understands the economy a lot better than those supporting the bailout plan, including Obama and McCain. Does that mean I'm gay? | |
And it means you're a 9/11 truther and wear tin foil on your head.
it's all there in the platform: http://www.campaignforliberty.com Jmurph wrote: No, it just means you hate blacks, Muslims, and women. | |
Lets solve our debt by giving away money.
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Apparently the Dow plummeting isn't a crisis?
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The Dow's loss today was the biggest one day point loss of all time; but in terms of percentage loss it wasn't even in the top ten of all time. That said, even if it had been more catastrophic I'd still be against the bailouts.
Kunark wrote: Although, this could be a chance for the government to make a lot of money in the future. I know a lot of people are saying this, but it's not the government's role to be a hedge fund for taxpayers. The passage of this bill is a major defeat for our economy whether the government eventually makes money on it or not. | |
Yeah, I'm a little confused by how it will be so bad if we don't pass the bill. I keep hearing things like "It'll be so bad we shouldn't even think of it!"(Actually heard that on NPR, not sure who it was speaking). But we must think of it. What is going to happen if we don't do it? What is going to happen if we do? These are questions that aren't getting answered by news outlets, and seemingly not by the politicians, so who is answering it?
Shouldn't we know what is going to happen before throwing 700 billion dollars of the our money at a problem? | |
The fact that Congress didn't hold extensive hearings, take testimony from the players, and generally get knowledgeable before taking actions shows their arrogance and fundamental misunderstanding about how to approach the problem. Which, of course, is why we are here in the first place.
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Bailout passed.
FUUUUUUUUUUUUUUUUUUUUU- | |