Bush's $700,000,000,000 Bailout!!!

[FM]

Re: Bush's $700,000,000,000 Bailout!!!

Alas, you're probably out of luck. I get the sense that they will repackage this thing as many times as it takes.

I have mixed feelings about it. I think we're in very dangerous territory whether we pass it or not... Danger in passing it comes from the standpoint of our Constitution; danger in not passing it comes from our money system. It looks pretty horrible either way...but you all know my thoughts on this already.

Here's a sobering read:
http://www.cnn.com/2008/POLITICS/10/...ure/index.html

very true after seeing round 1 and now what they've been adding and slipping into this version...doesn't pass even by the slimmest of votes, try again.

If it doesn't pass, we're looking at that 8-9000 Dow range which would more then wipe out the entire recent bull run in a little over a year.

[ddr]

Re: Bush's $700,000,000,000 Bailout!!!

everybody should get the $3,500 to help out with the inflation problem everyone in the US is going to feel.

can you please stop talking out of your ass... please.

if you had even 1 economics class in college (assuming you went to college) you would know if you print more money or give money to people, prices rise.

its basic economics 101.

[runningman]

Re: Bush's $700,000,000,000 Bailout!!!

great i can't wait for more expensive gas and everything to cost more.

[thesightless]

Re: Bush's $700,000,000,000 Bailout!!!

what is fucking killing me is the amount of "pork" spending attached.

when they (congress) were sitting there, staring at potentially the worst thing ever to happen to the world since hitler, who was the first person to tack on some outside spending, who allowed this (party leaders), and why the fuck did they find it neccessary to stall the bill , facing impending doom. i mean that this bill should have been hammered through with no tack on spending. every senator and rep who has an ammendment on this bill should be thrown in prison. and you know what, next month america will prove its stupidity by giving these two parties even more power....

[ddr]

Re: Bush's $700,000,000,000 Bailout!!!

great i can't wait for more expensive gas and everything to cost more.

yup.

if you increase the money supply, in the short run, yes more money = good.

in the long run, ie. more than 1-year, prices will rise because of it.

oh yea, do you honestly think the government will give you 3500$ tax free? you have to pay taxes on it.

just like that retarded "stimulus" check everyone got earlier this year, yes it makes people feel good to get money, but you have to pay taxes on it because it is considered income... which is why the whole stimulus crap, i think, was retarded.

[thesightless]

Re: Bush's $700,000,000,000 Bailout!!!

umm. we are not increasing the money supply.......we are shifting cash to maintian an asset.

[Miroslav]

Re: Bush's $700,000,000,000 Bailout!!!

^^ In simple theory, yes. But in reality, it will probably never be that simple. There is major concern that this bailout will further weaken the US dollar. In general, weak currency tends to lead back to inflation over time.

btw, everyone's been bringing in their expert against intervening in the markets... so here's one of the experts for it! None other than Warren Buffett, who has arguably demonstrated that he's not the stupidest human on the planet when it comes to economics and finance.

It's a sobering read. In his view, $700B may not be enough. His idea of teaming private investors together with the Treasury has merit imo.

Buffett: My fix for the economy

http://money.cnn.com/2008/10/02/news/newsmakers/buffett.fortune/?postversion=2008100214

"It will cost more to solve this problem today than it did two weeks ago," said Buffett, referring to when Treasury Secretary Henry Paulson's first proposed that Congress help rescue Wall Street following the collapse in recent months of Lehman Brothers and Bear Stearns and the sale of Merrill Lynch. "It's that bad. If we don't get it solved next week, I may go back to delivering papers."

[ddr]

Re: Bush's $700,000,000,000 Bailout!!!

^^ correct.

btw, everyone's been bringing in their expert against intervening in the markets... so here's one of the experts for it! None other than Warren Buffett, who has arguably demonstrated that he's not the stupidest human on the planet when it comes to economics and finance.

It's a sobering read. In his view, $700B may not be enough. His idea of teaming private investors together with the Treasury has merit imo.

Buffett: My fix for the economy
http://money.cnn.com/2008/10/02/news...ion=2008100214

i gotta read that later on today... saw it breifly on cnn.com

and for the record, i am very indifferent about this bailout thing.

yes i see the point in helping our credit resources but the future is not written in stone, so i dont know if getting our money back will happen or not.

i also do not like it that they had to put other crap in there that has nothing to do with the bill in order to get people to pass it, but i have voiced that opinion earlier in this thread. =\

[ddr]

Re: Bush's $700,000,000,000 Bailout!!!

also, i think you can watch that Charlie Rose interview (as well as all of his interviews) on his website for free:

http://www.charlierose.com/home/

very very informative interviews, Charlie Rose is quite possibly the best interviewer i have ever seen.

[runningman]

Re: Bush's $700,000,000,000 Bailout!!!

Charlie Rose is awesome.. I think he is the real deal or at least the closest thing to the real deal when it comes to the media.

[toasty]

Re: Bush's $700,000,000,000 Bailout!!!

Just passed by the House as well

[MJDub]

Re: Bush's $700,000,000,000 Bailout!!!

Was it the version with the extra $150billion of pork attached?

[Miroslav]

Re: Bush's $700,000,000,000 Bailout!!!

Was it the version with the extra $150billion of pork attached?

You betcha!! Ask any hockey mom and she'll tell ya!!

[Huggie Smiles]

Re: Bush's $700,000,000,000 Bailout!!!

thank goodness the 1929 great depression will not happen now.

[shosh]

Re: Bush's $700,000,000,000 Bailout!!!

thank goodness the 1929 great depression will not happen now.

lol

2009 great depression?