Songbird
Oct
3
700 Billion Dollar Bail Out
Filed Under News & Info.
I didn’t think it could get any worse under this administration… And then this happened.
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13 Responses to “700 Billion Dollar Bail Out”
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Rachel - Music, FilmAggregator Love
When will us in the middle class finally organize and end this elitist tyranny?
Seriously.
Although Mr. Bush didn’t start the fire, he sure didn’t help things that’s for damn sure – especially with his appointee Bernanke and the wars and on and on. Washington D.C. has been raping its people for a century… things are going to get worse before it gets better – history has taught us this. I could go on for years… Federal government isn’t the only ones – have you heard what the guys in Sacramento are doing?? Good lord, makes me want to build myself an island and call it Pipsville and never look back.
What are the guys in Sacramento doing? Last time I checked, not a damn thing, except making mylar balloons illegal. Because that’s been such a big problem.
Someone on the Daily Show said that this latest crisis is like “finding a vein on a failure junkie.” Which cracked me up. Yeah,Pip, Bush didn’t cause this problem. But his ideological simplicity has allowed the situation to deteriorate through a lack of oversight or moral leadership to the point where an utterly free-market solution isn’t even practical anymore. (I know, not everyone agrees with that.) And in the end, there will be more regulations and unproductive bureaucracy for people like me to deal with, while rich CEO’s find a new way to get even richer.
On the plus side, it’s possible for the bailout to work in such a way that ten years from now we will have made money on the deal. And I’m sure if Ms. Palin gets a chance, she’ll be able to guide the ship of state skillfully through the rough waters ahead. *shudder*
ahem…heard it was actually an 840 billion dollar bail out. they lied to us yet again. i cant believe we didnt have a chance to vote on something that will affect us so much on a day to day basis. everything is going to have to cost more to make up for this. i am so pissed off about it, i cant sleep!
As of July 2007, the U.S. population was 301,139,947. If it’s $840 billion worth of bailout, that works out to only $ 2789.40 per person. I’m sure we all have that hiding down in our sofa cushions!
Oh, right, they were able to get enough votes by adding on some “sweeteners” — which means, unrelated crap that is too ill-considered to get support on its own. So we might get our $700 billion back in a decade or so, but we won’t get the extra $140 billion back.
You know, Pip, despite our numerous political disagreements (which are more a matter of label than substance, anyway) I would move to Pipsville in a minute. Let me know when you have that set up. If there’s room. I promise to be as unannoying as possible. For me.
And Rachel, sorry for getting carried away. You can have your blog back now. :)
The budget Sacramento recently passed I was referring to. Anyway… politics is for another place, back to the music :P
I knew this would spark up an interesting conversation. :-)
I wish we would have had the opportunity to vote on it as well. I just can’t believe it got this bad, action should have been taken long ago but for some reason our government has been sleeping it off.
Back to the music indeed, I will have a new post later on this evening.
hey… i know this is late… but i figured i would throw my two sense in… first i should say that i dont like the ‘idea’ of the bailout.
uber rich conservatives rail against government regulation and intervention and helping the little guy at the bug guys expense all the time but they are all for government regulation and intervention and helping them out at the expense of the little guy now.
its an interesting dynamic.
BUT in saying that… the bailout is very important. if the economy were to be permitted to freefall into oblivion the ramifications would be so severe that life as we know it in this country could potentially cease to exist. now perhaps that wouldnt be a bad thing … reinventing the nation perhaps would be good… BUT this isnt the 1700’s and the government of the largest and most important nation on the planet … a planet that is no longer made up of individual isolated nations but is one massive operating system… can not and should not stand idly by and watch it all turn to shit. the result would be global chaos and mayhem.
as much as you may not like it because its the poor man helping the rich man… it is really that important.
regretably.. g
I agree with you the bailout was necessary at this point in the game… I just wish it hadn’t gotten to this point. It is all so unstable at this point, it is crazy.
personal I think that the bailout should have been given to the american people most people over the age of 18 and are citizen of usa (but none of to any politicans, actors, etc, that have alot of money or the greedy people who want to milk this. just think how that would have effected the ecconomy at least most of us would have used it to pay off the right stuff and maybe even invested it right.) they knew better and did it anyway and now are crying for the governments help who’s going to help the regular person who works hard for our money. now we are stuck with pay someone elses bill. and no relief for us and now the credit card companys are stick it to the people high interest rates lowering your limit or just closing you account. and now i read that the banks where not even going to use it for what the are suppose to
We bail out millionares to correct thier bad business decisions. We arrest hustlers (capitalist)to correct thier bad business decisions.