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23 Thoughts on How do you feel about the 700 Billion bailout?
  1. Reply
    sunspear11
    January 22, 2013 at 6:05 pm

    700 billion or trillion…wouldn’t make a damn difference. Give it to the american WORKING people instead of corporate pen-pushing pigs.

  2. Reply
    Calamitty
    January 22, 2013 at 6:53 pm

    I can’t really tell you just how I really feel about it!!! It’s a bunch of BS, is all I’m gonna say, I don’t want to get all ticked off first thing in the morn….

  3. Reply
    honker
    January 22, 2013 at 7:08 pm

    We the people LOST the power of WHAT goes on or good for AMERICA. Our STUPID leaders are going to STICK it to us BIG times. Its all SHOW for now, but the bail out is ONLY for the RICH & POWERFULL. New Orleans, Houston, Missouri, our KIDS, medical, old people and anything requiring real help – They’ll agrue forever and NEVER get DONE ! I PROTEST this BAILOUT as NO and HELL NO !

  4. Reply
    Kirk M
    January 22, 2013 at 7:45 pm

    feel that this bailout is dumb, unfounded and unneeded. Yes will their be ruff times but when is their not. Approx. 300 million people live in the USA. That is about $ 2600 per person. Furthermore that is about how much the average person spends on food and fuel in the US. Let those companies who got to greedy fail and let the free market work. But if the goverment really want to give the money away give it to the people as a second stimulus plan or spend the money on subsidizing education or becomeing energy independent since we send about 670 billion a year over seas for oil. We send that money away every year over seas and now we will take a bad loan from them to get own money, while they at the same time use the rest to buy up our debt.

    No Bailout Energy is the key to it all

  5. Reply
    tm-ar&k
    January 22, 2013 at 8:21 pm

    I think our leaders are self-absorbed and have lost touch with reality. Any guesses as to which tax they’ll increase to pay for this? Probably all. I’m sure they’ll invent some new tax. Next thing you know we’ll have to pay a toll just to pee. They’ll call it the Toilet Tax.

  6. Reply
    chinchilagua
    January 22, 2013 at 8:27 pm

    1. Congress, to pass the bailout, is asking that the govt. holds ownership of those companies (in the % bailed out) who are benefited from it.
    2. The people is going to pay the huge bill, either in taxes raise or in services and products.
    3. Governements that buy, own and administer producing companies are socialists, especially when the money to do it comes from the people, and the people is not asked to do so.

    Conclusion: if this bailout is passed and we pay for those shares and if the governement is going to own them, the USA will no longer be called a “pure capitalist” economy but a democratic socialist one.

    we will have advanced one step to the left.

    It’s Orwelian,

    and what is worst? that this bailout won’t work and we will be plunged in economic crisis!

  7. Reply
    sptfire8282
    January 22, 2013 at 8:49 pm

    I think the bailout is necessary. If Congress were to fail the proposed bailout the economy as we know it, even in one of its worst conditions would spiral down so bad, this would be the Great Depression all over again; jobs would be lost b/c companies don’t have any money and than families wouldn’t be able to afford the necessities like food, clothing and college wouldn’t even be a thought in our mind.
    However, I do think that this is something that should not be rushed where we all sign into something because Bush told us to and than we get ourselves into even worser shape because we wound up bailing out all the CEO’s who caused all these problems and give them 20 million dollar bonuses.
    I think what we need to see BOTH campaigns do is to get to Washington and make sure everything is as perfect as it can be and that the American people (Main Street) will benefit too.

  8. Reply
    BoredRich
    January 22, 2013 at 9:42 pm

    Hey, if the stock market crashes what do you think happens to everyone 401k plan? They will be worth about ZERO dollars. Also, where would you got for a home/car loan? Or even a credit card? Everyone will be a loser if they crash and burn. Period.

    So, let them crash and burn, as we, the citizens, will too. Who cares. Right? Let me guess if you are opposed to the bail out, you are also complaining about gas stations price gouging? When the real problem is not that the supply is down, as it stays the same, but the problem is demand has shot up, due to people getting scared of a shortage so everyone goes and fills up their tank at once.

    It’s simple economics people, open a book. I do believe we should govern wall streets & corporations with more restricting laws and guidelines, but then again that would be on the boarder of socialism. Which everyone freaks out about when the word is brought up. Yet, the majority of the Senate (both dems and repubs) agrees we should restrict the pay of CEO’s. On the same token all the republications smash Obama for having socialist ideas. Double standard anyone?

    Also, Federal Reserve Chairman, Ben Bernanke, has a Ph.D. in economics. He is a very well educated man, and is persuaded by no man. Do you think he would put his career on the line and lie to the American public? This man lives and breathes economics. He has written books on the Great Depression, so tell me do you honestly think he wants to be responsible for creating another depression or do you think he wants to be responsible for preventing one?

  9. Reply
    Project Matt
    January 22, 2013 at 9:50 pm

    The bailout is yet another golden parachute for Wall St. and a golden shower for Main St.

    If taxpayers are going to foot the bill, they should at least get some sort of ownership/stock in the corporations they are saving.

  10. Reply
    Donald S
    January 22, 2013 at 10:04 pm

    Despite the used salesman pitch that this bailout is the only option – there are a heck of a lot of thing that can be done with 700 BILLION dollars!!!! We keep hearing about how big companies wont be able to get loans resulting in americans losing their jobs , so I propose the goverment just fund the NEW loans that are needed instead of buying 700 billion dollars in BAD loans that will never be repayed. I also want to coment on the fact that I am one of the Americans who didnt spend all of my money, take equity line loans on my house, scam people and pay my bills , I also do not use banks in the sense of creating debt that I can not pay off !!! And what reward to I get for being responsible
    ?? I get to pay for my neighbor who’s house is in forclosure because she wanted to take trips to Europe with the equity money she pulled out of her house when banks were giving hundreds of thousands of dollars in funny money out… now she will get bailed out too. All the while I was going without …. makes me feel like the dumb one in the end……

    With 700 Billion Dollars…. We can open up new Banks and set an example ….. if these con artist get bailed out for making poor business decisions…. for all of the unethical and fraudulant business deals done over the last years , we as Americans are watching a big con being pulled right in front of our own eyes. And the people that will pay are not the scammers…. not the irresponsible people who enjoyed th high life that they couldnt afford, but citizens like me who are honest and ethical…who donate to charity, who dont spend money they dont have…..

    With 700 Billion Dollars a lot can be done… 700 Billion dollars I think should open new banks and the CEO’s of these other institutions should be put in federal prison for the scams they have been running.

    If this 700 Billion dollars goes to unethical, non moral, scammers…. I will not only not vote but I will move to Canada or another country. This is true corruption and just because the corrupt have the power of the US in their hands doesnt mean it should be supported. What I am hearing is basically that Yes we admit the banks are frauds and dont deserve to be bailed out and it isnt fair but because it will hurt you Mr and Mrs. blue collar American …. you will have to pay for this corruption to continue and live with it…… I know there is another way!!!!! It may hurt a little in the short run but we can overcome it …..

  11. Reply
    vmntvrde
    January 22, 2013 at 10:04 pm

    The plan is to re-invest $ 700 Billion in upside down assets to re-regulate the flow of lenders and buyers by giving them the “confidence” to re-invest in loans. I disagree with the idea of us the consumers having to ‘reimburse’ these lenders who greedily took up these risky investments.
    My own opinion is to let the economy take it’s course which has always been the foolproof concept of supply and demand. If these lenders are immune to the concept of loss, how can we expect prices to drop in an effort to recuperate as much money as these corporations can?
    Now, if our politicians are so eager to put this money to “good use” why not put it straight to the source: we the consumers. Why can’t we flip the scripts, instead of giving it to the corporations that lost it in the first place to restart the flow of money, why aren’t we, the tax payers, granted the opportunity to restart the flow of money by investing our own money in what we choose?
    Instead of giving so much money to the corporations that lost it and wait for it to trickle down to us, that money should be invested in creating more jobs. These corporations will just have to wait until we start making enough money for investments that they can later profit from ….. and consider it a lesson learned.

  12. Reply
    search4t
    January 22, 2013 at 11:02 pm

    We will have to pay this money back through SS. Our children will have to pay this back. No one has mentioned that these companies also received stimulus checks with interest. No one is saying make the “new” citizens that come to the US everyday need to pay taxes. Some things are just common sense, but we are talking politics. We are making less than we did 10 yrs ago due to the choices that our president has made.

  13. Reply
    Find Your Fangs
    January 22, 2013 at 11:19 pm

    fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck

    that’s how i feel. oh and america is led by idiots and followed by idiots.

  14. Reply
    AE
    January 22, 2013 at 11:33 pm

    I HATE it! How can rewarding stupidity and incompetence be a solution? Where is the accountability for those that caused this mess? The most effective way to ensure this this does not happen again is to inflict pain on those that caused it. How do you hurt a rich person — you make him poor. Giving them $ 700,000,000,000 only makes the taxpayer poor and encourages future risk taking and other bad behaviors.

    Secretary Paulson incorrectly states that the taxpayer is ALREADY on the hook for the current financial crisis. However, not all of us made stupid mistakes of buying mortgages we did not understand or could not afford. Not all of us made risky loans to home buyers without first verifying their income and credit worthiness. Not all of us had conflicts of interest, and stupidly rolled the dice with other people’s money in pursuit of personal gain. Not all of us became intoxicated by the greed and promise of easy money that ran rampant in Wall Street and the financial markets. True, it happens that some of those irresponsible idiots are also taxpayers. But I take offense that Paulson lumps us all in together. They enthusiastically dug the hole that they knew, or should have known would be their grave — and they’re certainly compensated highly enough that they should have known. Now that the hole has begun to collapse around them, why should the rest of us be forced by Paulson, Bernarke, and the rest of the corrupt Washington crowd to jump in the hole to dig them out. I say let’s get ready to plant some trees…memories of their incompetence and painful demise will make good fertilizer for the future!

  15. Reply
    GoOsE0139
    January 23, 2013 at 12:27 am

    The $ 700 billion bailout would just steady the economy but not fix the problem; And yes the banks are in trouble and are not making any profit.

  16. Reply
    antelias
    January 23, 2013 at 12:46 am

    heres how i feel we should pump 200 billion bucks into the banking system so that loans will be available to companies

    we should ” temporarily close or suspend” banks in and credit institutions in failure and let them try and figure theyr mess out

    and we should use 250 billion dollars to help the economy in one very simple way

    the govt will create 50 million ‘ debit cards” 10 million randome peopel in all 50 states willl recieve these cards and it will have 5000 dollasr in it they will only be allowed to spend this money on products and cannot put it in the bank oor pay back loans and then they will be given 30 days to spend it but only in the community in which they live

    presto u end up elping the country by revitilizing your local economies and mom and pop stores and slowly things will go back to normal

  17. Reply
    Chris R
    January 23, 2013 at 1:36 am

    From what I’ve gathered it’s partly due to short-sellers shooting down stock prices to near bankruptcy and then cashing out. We had a huge influx on unregulated shortings and it drove the market down.

    That’s at least one factor. There are many others. And the money is going to fund the banks, not pay the CEOs. If the banks fail, America fails.

  18. Reply
    skeptic.
    January 23, 2013 at 2:31 am

    From what I hear, the $ 700 billion is going to the big corporations who got themselves in trouble and dragged the people along with them.

    Why can’t the $ 700 billion dollars be divided among the people? I mean, it is THEIR money. They did PAY their taxes.

    If we do the math, everyone over the age of 18 would have enough money to pay off their debt, and the banks would be happy…right?

  19. Reply
    Hamoudy
    January 23, 2013 at 3:13 am

    I got this thru a friend of mine plz read.
    I’m against the $ 85,000,000,000.00 bailout of AIG.

    Instead, I’m in favor of giving $ 85,000,000,000 to America in a We Deserve It Dividend.

    To make the math simple, let’s assume there are 200,000,000 bonafide U.S. Citizens 18+.

    Our population is about 301,000,000 +/- counting every man, woman and child. So 200,000,000 might be a fair stab at adults 18 and up..

    So divide 200 million adults 18+ into $ 85 billion that equals $ 425,000.00.

    My plan is to give $ 425,000 to every person 18+ as a We Deserve It Dividend.

    Of course, it would NOT be tax free.

    So let’s assume a tax rate of 30%.

    Every individual 18+ has to pay $ 127,500.00 in taxes.

    That sends $ 25,500,000,000 right back to Uncle Sam.

    But it means that every adult 18+ has $ 297,500.00 in thei r pock et.

    A husband and wife has $ 595,000.00.

    What would you do with $ 297,500.00 to $ 595,000.00 in your family?

    Pay off your mortgage – housing crisis solved.

    Repay college loans – what a great boost to new grads

    Put away money for college – it’ll be there

    Save in a bank – create money to loan to entrepreneurs.

    Buy a new car – create jobs

    Invest in the market – capital drives growth

    Pay for your parent’s medical insurance – health care improves

    Enable Deadbeat Dads to come clean – or else

    Remember this is for every adult U S Citizen 18+ including the folks who lost their jobs at Lehman Brothers and every other company that is cutting back. And of course, for those serving in our Armed Forces.

    If we’re going to re-distribute wealth let’s really do it…instead of trickling out a puny $ 1000.00 ( “vote buy” ) economic incentive that is being proposed by one of our candidates for President.

    I f we’re going to do an $ 85 billion bailout, let’s bail out every adult U S Citizen 18+!

    As for AIG – liquidate it.

    Sell off its parts.

    Let American General go back to being American General.

    Sell off the real estate.

    Let the private sector bargain hunters cut it up and clean it up.

    Here’s my rationale. We deserve it and AIG doesn’t.

    Sure it’s a crazy idea that can “never work.”

    But can you imagine the Coast-To-Coast Block Party!

    How do you spell Economic Boom?

    I trust my fellow adult Americans to know how to use the $ 85 Billion

    We Deserve It Dividend more than I do the geniuses at AIG or in Washington DC

    And remember, The Birk plan only really costs $ 59.5 Billion because $ 25.5 Billion is returned instantly in taxes to Uncle Sam.

    Ahhh…I feel so much better getting that off my chest.

  20. Reply
    mega b****
    January 23, 2013 at 3:45 am

    All’s i know Is that I pay my bills on time, and dont take it upon myself to apply for a mortgage I cant pay for. Now I have to pay for other people being irresposible. Idiots.

  21. Reply
    rjr535
    January 23, 2013 at 3:53 am

    Put it in this guys bank.

    This is not political only from a financial perspective.
    Here is some good information on the proposed Gov’t $ 700 Billion bailout.

    http://media.gatewaync.com/wsj/pdfs/2008/09/allison.pdf

    This document went to all the members of Congress.

  22. Reply
    DiesixDie
    January 23, 2013 at 4:29 am

    The fools in power are using YOUR money to bail out the fools who sank their companies with bad investments. Why did they hand out millions of loans to individuals who technically couldn’t qualify? They packed their investment portfolios with bad debt to artificially make it appear that they were appreciating in value. The house of cards just kept getting higher and higher…

    Our government doesn’t have 700 billion dollars in liquid funds, so they’ll borrow it. You, as a tax payer will have to not only pay back the principal, but pay interest on it all, as well, and the money goes straight to the corporations who were too incompetent to handle their own funds. Private firms who, in a free market economy, are expected to deal with the consequences of their own incompetence.

    So, the billionaires stay billionaires and the millionaires keep their riches, at public expense, and the incompetent boobs who sunk their own ships will stay afloat, for the moment.

    If the economy doesn’t improve, on it’s own, we’ll still crash a little way down the road. Except now, the bill will be 700 billion higher. This bail out doesn’t fix anything. If the economy doesn’t become productive on it’s own, that is, if we don’t start manufacturing widgets that people want to buy, and if we don’t start selling houses that people can afford and if we don’t start bolstering our investment houses with investments that actually work, the economy will still collapse.

    We’d be better off just taking the hit on this, right now, and letting these tire, stupid, bloated, ineffective, dinosaur firms die out now. The results would be ugly in the short term, but propping them up will be much worse down the road.

    By the way, since we’re paying for all this, what do we get out of the deal? What about all those foreclosed houses sitting empty out there? I think since I’ve been an upright, uptight and outtasight taxpayer for the past 30 years, I should get a house out of the deal. I’ll take better care of it than the stupid banks, or the dimwits who took out a loan they clearly couldn’t afford.
    ————-
    Hamoudy: Your friend’s math is off. Each individual would get $ 425, not $ 425,000. I like the general idea, though, except it’s underfunded by an order of 1000.

  23. Reply
    Ernie R
    January 23, 2013 at 4:46 am

    to hell with the banks.would splitting the money among the middle class and poor fix the problem?it would give us security the politicians just won’t let us have.if they are so smart why didn’t they think of this?they never have solutions. it’s so easy. they obviously all failed us and deserve to be held responsible.

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