Do you support the $700 billion bailout?

[KinjaKahn]

Do you support the $700 billion bailout?



Yes :)
No :eek:
Undecided :confused:
How much do I get? :cool:

[ryr8828]

I chose undecided.

I'm against it, but if the entire economy will collapse without it I'm for it.

[KinjaKahn]

I chose undecided.

I'm against it, but if the entire economy will collapse without it I'm for it.

Ditto

[ignorant]

I chose undecided.

I'm against it, but if the entire economy will collapse without it I'm for it.

I am with you on this. I don't think I know enough to actually know waht is going on, but I know something needs to be done.

I just don't know who the initial blame goes on. I think there are multiple people to lay it on, but i am not really positive I really know.

[BambinoBear]

No. There were a couple other plans out there that supposedly would not have cost us taxpayers as much that weren't even looked at.

[Jiddy78]

I think it is a definitive no...Instead, we should just get some troops out there to hold the media at gunpoint and force them to print good economic news in their rags. Problem solved. Oh wait...We're beyond that ridiculous talking point now...We're on to the "Bush destroyed us" and "It all started 12 years ago" partisan chatter....My bad...Not stickin' with the times...

Asking about whether or not we support it is irrelevant anyway...This "plan" is as good as done. The crooks just gotta figure out how they are going to skim some off the top.

[thrasymachus]

I support the rescue plan. It sucks but it just might be a necessity. I'd rather try it out and deal with the consequences than wait it out and deal with the potentially much worse consequences.

[BoredWithNoSB]

Can't stop the will of the market. Just delaying the inevitable. We need to take our f*ing medicine already and feel the pain we've been setting ourselves up for for the last 15 years.

[PhilaVa]

some people need to go to jail for this shit...please. otherwise fuck this horseshit.

[Hotpapa666]

No, but I fully support the 150 billion dollars in pork and tax cuts that it took to get the Reps. in line...

[Bonnevil79]

I read as much as possible on this proposal and went back and forth from being undecided to no. I don't think that using any tax appropriated funds to bail out companies that decided that could make a quick buck by giving out mortgages to people who couldn't afford them. Even though most of the bad debt was not originated by the banks that are taking the brunt of the fallout here, I understand how they buy the books of mortgages in bulk, so it is unrealistic to think they could have looked at individual mortgages, but what lesson is learned by this mess, they let 2 companies collapse and decided to bail out everyone else. One other part of this bill I take bigger issue with is the other spending that was a part of this bill, such as $3.5B for rural school development, and $100MM for a tax abatement for NASCAR. Can someone explain to me what either of these have to do with a bail out of the financial sector? Just my opinion, I know that the market would have fallen apart even further without this bill, but maybe that is the lesson Wall St needs to learn, even at the expense of my 401k (which has lost 65% so far this year).

[KinjaKahn]

I think it is a definitive no...Instead, we should just get some troops out there to hold the media at gunpoint and force them to print good economic news in their rags. Problem solved. Oh wait...We're beyond that ridiculous talking point now...We're on to the "Bush destroyed us" and "It all started 12 years ago" partisan chatter....My bad...Not stickin' with the times...

Asking about whether or not we support it is irrelevant anyway...This "plan" is as good as done. The crooks just gotta figure out how they are going to skim some off the top.

Conspiracy theorist? Did the US taxpayer just get looted for $700 bn by private industry?

It's time for Federal Reserve 2.0 Deluxe.

[Jiddy78]

Conspiracy theorist? Did the US taxpayer just get looted for $700 bn by private industry?

It's time for Federal Reserve 2.0 Deluxe.

The 700 billion is just to support massive pension fallout IMO...When I was referring to the fact about crooks skimming off the top, I meant politicians getting some sort of "pork" thrown into the legislation...

[pnkpanther]

Mccain voted for this, but vowed as president he'd veto any bill with pork on it.


I'm confused

[Cat in the Hat]

I'm completely against this even though I know I'm really too late to respond to this. I'm not really for government regulation of the private sector, but in some cases where it concerns services and finances (meaning communications and housing as specifics) it's probably good for government to come in and at least set some guidelines so stupid people on both sides (businesses and consumers) don't ultimately end up fucking themselves.

I'm sure a good number of us understand and agree that in this big mortgage crisis with AIG and the Leehman Bros., etc. it took some incredibly stupid people on both sides with very clouded judgment to allow so many consumers to be approved and gain these rediculous variable rate mortgage loans on houses these folks would never have been able to afford otherwise.

The businesses were stupid in the fact that they allowed it go this far without seemingly considering what just might happen if too many people weren't able to keep up with the rising rates on their mortgages.

The consumers were stupid to think that a variable rate mortgage would do anything but go up in the first place despite the fact that the mortgages were probably advertised in a favorable light. The consumers fell into a trap, because at the time it was a very affordable way to get a home that was normally out of your budget.

I currently tend bar at a local tavern and the idea was brought up (I'm absolutely certain it was second hand) that this $85 billion they are giving to AIG I believe should be split up amongst all US citizens 18+ who paid taxes in the last year. This money would not be tax free of course, but the ideas is that each person would end up with $297,000 after something like a 30% tax has been levied. With this money folks who are in trouble with their mortgages would be able to pay off their mortgages or at least be ahead. Others would be able to buy homes or remodel current homes, or new cars, or whatever else they may want to buy, which would create jobs for many. Others yet would be able to invest that money into the stock market and mutual funds giving many businesses the capital they need to grow and even create more jobs yet.

The jist of it is that it would be a way to bail out the companies and give the economy a huge jump start not only on a domestic level, but also on a global level.

Granted this idea will never come to fruition considering it's pretty much a done deal, but it's a good one, IMO.

[Amelia]

I will support them all.

I think that the SF server is never ever running so it is a waste of resources. I like the game and I love playing it with you guys but even when some of us get together the server never really gets going. So if you want to take that one down thats ok. I dont like seeing a server sit there and just go unused.

[hannitykillspuppies]

I will support them all.

I think that the SF server is never ever running so it is a waste of resources. I like the game and I love playing it with you guys but even when some of us get together the server never really gets going. So if you want to take that one down thats ok. I dont like seeing a server sit there and just go unused.
will do.

[TGPackersTwins19]

'gainst. 100% against. Not even a question in my mind.