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Old 09-23-2008, 11:13 AM
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I may be against the bailouts that we have now, and no bailouts would be better then what we have now, but I think there is still a middle ground that would be the best (even if that is impractical to hope for).

During this rescession there is large amounts of pessimism in the market. That means that even the good solvent companies may be facing illogical financial strain, when the companies are actually helpful. I would support only bailing out those few good companies that are going down, while all of the other weak companies should be let to die off.

Bailouts would actually be helpful if there was large amounts of oversight and statistics before any conclusion is reached. However, since there is bailouts for everything, the most that we can hope for is for all of them to stop.
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Old 09-23-2008, 11:34 AM
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Originally Posted by Chan View Post
I'm opposed to bailing out failed companies! Let them fail and make them cover the losses of the investors (such as all those retirement funds, IRAs and the like that your average Joe is relying on).
They can't begin to cover the losses and the ones losing would be millions of Americans who have been saving their entire lives. You can't tell millions of Americans sorry, you no longer have that 401k with $150,000 in it you were planning on retiring on, you are broke.

I sure as hell don't like the bailout either but without it we would surely be headed for a massive depression. There would more than likely be a run on the banks and they would begin failing as a result of it. there is one thing both democrats and republicans agree on and that is a bailout is mandatory.

Any mortgage or investment firm that is so important to our economy that our govt would be forced to bail them out should they fail, must be regulated to prevent financially unsound practices from taking place to begin with.

In the 20-30 yrs McCain has been in the senate he has always been a strong proponent of deregulation, until the other day.

Last edited by Pragmatist : 09-23-2008 at 11:40 AM.
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Old 09-23-2008, 11:39 AM
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The mult-million dollar bonuses they've been paying to the CEOs. Oh, and they're not bankrupt. They still have their hands in things that are still making money for them.
Those multi-million dollar bonuses would not begin to cover the amount needed. Why do you think the bailouts are in the hundreds of billions of dollars? So take the 20, 30 or 40 million dollar bonus and give it to those who have lost everything, they would be lucky to get a few pennies on the dollar. I don't think you have any idea the scope of the problem.
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Old 09-23-2008, 11:43 AM
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When mere speculation and skittish investment firms can send the whole country into a tailspin, wouldn't it make some sense to get just a little bit of control over this? We need leadership that's not afraid to do some serious ***-kicking. There's only so much abuse by the corporatocracy that the people can be expected to take.
I suggest you not vote for McCain.
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Old 09-23-2008, 11:48 AM
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I suggest you not vote for McCain.
As a native Arizonan very familiar with McCain's arrogant, ineffective leadership, you may take it to the back I will not vote for McCain.
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Old 09-23-2008, 09:34 PM
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Originally Posted by Lumara View Post
If you'll follow the link you will see what Senator Sander's plan is. I agree with the part that says:

And I agree with this part:

I dislike his idea of a surtax on high income earners, while recognizing that it is equally unfair to saddle low and middle income Americans with the cost of the bail outs. I'm opposed to the idea of bailing out failing companies with tax money, but Senator Sanders does propose some ideas that are worth considering.
Anything coming from Bernie Sanders is something I will always ignore. Does he call for selling the share in these companies or holding to them looking for a long term control of these companies as his socialist ideology teaches.
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Old 09-23-2008, 09:36 PM
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Originally Posted by dc2ga View Post
i agree - tax payers shouldnt foot the bills for these multibillion dollar companies and multi millionaire CEOs. take that $700 billion and how about this - PAY OFF ALL THE MORTGAGES. then the banks would have money and people would own and have their homes saved
You are going to ask 295 million Americans to pay for 5 million folks who made a bad choice. That's still a bailout.
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Old 09-25-2008, 10:01 AM
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Originally Posted by Finny View Post
You are going to ask 295 million Americans to pay for 5 million folks who made a bad choice. That's still a bailout.
i was being semi-facetious. however, bush last night kept talking the bad debt, mortgages etc. so we pay wall st, ad in 6 months are back to the same situation. pay off the bad debt, and its gone

of course that amount of money would give each and every american $2300 for a health care for a year. and would fix a lot of infrastructure issues
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