Comments on: What Do You Think Of This Plan For The Bailout?

By: rightstu

rightstu — Mon, 13 Jul 2009 02:51:58 +0000

no bailout call your senator…..Today the bailout bill failed and the price of oil went down ten dollars a barrel. Is there a connection? The answer is yes. The high price of oil is being supported by the greedy investors around the world. If the American economy slows the price of oil will plummet. The weakness in the American economy can be directly related to the high price of oil. We cannot afford the ridiculous price of oil and the American economy shows it. I say this again, when the price of oil went sky high it ruined our economy. So passing the bailout bill will raise the price of oil and the money will go overseas. I would rather see the economy slow and the price of oil fall to where the economy can recover slowly. Mark my words, no bailout means cheaper gas. Write your Congressmen and Senators and tell them you are opposed to this bailout. The money in this bill will only go to wall street and the investors and foreign banks.
All the money from the bailout was going to wall street so how was it helping you. The market will take care of any bailout needed. Washington Mutual and Wachovia were already purchased by other banks. 3000 banks failed in the 1980s and we still survived. If they got this 700 billion they would be back in a couple of months for more money.

By: Anonymous

Anonymous — Sun, 12 Jul 2009 23:14:17 +0000

minor flaw
it;s not “$425,000″
it;s “$425″
you people are innumerate
numerically illiterate
whoever did this doesn;t know the difference between a billion and a trillion
[clue: there is a difference, a BIG one]
wle.

By: inapprop

inapprop — Sun, 12 Jul 2009 22:29:15 +0000

Ok first you stole this idea from a cheezy email that is making the rounds…
Second…
If you think that a recession is bad, this type of “wealth redistribution” would cause even wider panic. With so much extra money in the market, the price of everything would go up as well. Milk would cost $10/gallon…etc
So NO it will not work

By: Elana

Elana — Sun, 12 Jul 2009 16:20:29 +0000

Interesting.
Can we do the same for the Iraqi war? That is, distribute the $T that would have gone to the war effort to the (Adult) American people?
My point is – AIG is an organization that is at least partially comprised of a debt to its customers in the form of insurance. If you simply “erase” that company, you erase all of that money that acts as the pool for those insured.
I think, however, that you’re off by 3 orders of magnitude … $425, not 425000.
I completely agree that the dipwads who ran these companies should be fired.
I really wish it was that simple. I agree with you … it just ain’t right!

By: pmrkvc

pmrkvc — Sun, 12 Jul 2009 12:05:29 +0000

Wouldn’t that be nice!

By: michman

michman — Sun, 12 Jul 2009 09:24:53 +0000

I love it, trickle down effect at its finest!!!!

By: andyg77

andyg77 — Sun, 12 Jul 2009 05:30:35 +0000

Better check your math. The numbers you gave yield 425.00

By: wwpetcem

wwpetcem — Sun, 12 Jul 2009 04:08:35 +0000

Cool then we can all be elitist and Obama can take 45% of it.

By: .

Sat, 11 Jul 2009 22:44:50 +0000

I think wall street needs to pay for their own mess. They also need to stop giving $30,000,000 bonuses to there CEO.

By: Anonymous

Anonymous — Sat, 11 Jul 2009 22:04:16 +0000

How about this: NO IRS INCOME TAX
that’ll make people rich. Oh wait, then our oligarchy overlords won’t have money to bomb third world nations. Oh well, back to the drawing board.