Bailout: Not $700 billion; More like $5 trillion.
- added September 25, 2008
- 13 responses
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- PatrioticAstronaut
- added this
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- PatrioticAstronaut
- 1 month ago
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What's $700 billion or even $5 trillion, among friends.
We've been told that we only have money for corporate welfare, wars and defense but hardly any money for social programs, universal health care, upgrading deteriorating infrastructure, supporting school programs, pre-natal care, cleaning up the environment, investment in alternative energy research, addressing global warming effects and increasing foreign humanitarian assistance...
Turns out it was all a lie and, ironically, the taxpayer is left with the check. What's wrong with this picture?
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- jimwiz3416
- 1 month ago
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hehe
It's crumbling once again.. -
Do something about this?
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- lolitanimatronic
- 1 month ago
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Rep. DeFazio on the bailout and Paulsen.
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- Vierotchka
- 1 month ago
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Does anybody else think Congress is giving the keys to the treasury to the bank robbers and then looking the other way?
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Their grand plan isn't gradually unraveling...which means less money in their pockets than they originally conspired to procure. Sucks for them.
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- JaetheFirst
- 1 month ago
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Can anyone find out if any of the businesses needing to borrow money (and can't because of our current economic crisis) to stay afloat happen to be involved in the Iraq war? Wouldn't it be interesting if the reason we have to do this now is because it would automatically halt the war if we didn't. If this bailout was tied to the war in Iraq, it would make more sense why Bush is pushing for it. The news tonight said Caterpillar needs to borrow money to stay in business. Aren't they one of our war contractors?
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Wanna stimulate the market?? Give that $5 trillion to the people directly, let the poorly ran companies go under and the good ones rise along with new ones!! That would be like $20k per person or household, damn straight I could use it!!
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And what if the creditors that were lending to the companies that we have hired to enable us in the Iraq war have seen the Freddie and Fannie bailout and realize our the fed is just printing money out of thin air and irresponsibly I might add, and don't want to lend anymore money to those businesses engaged in Federal contracts? This could be why there is so much secrecy-the bailout could be more Iraq war money in disguise and if congress knew that, they wouldn't give 'em a dime.
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I hope they cut a short-term (read: 4-month) deal providing little to no power other than what already exists.
Maybe this is a big deal, maybe it's not. This administration can't be trusted to give an honest answer. A short-term deal might buy us some time until the new, more-trustworthy administration takes over after the new year, and then we can see what they have to say.
We're trapped in Aesop's fable The Boy Who Cried Wolf:
"A liar will not be believed, even when telling the truth." -
Bush is Robin from the poor and giving to the Rich to keep the rich, rich and hang the poor out to dry
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- NoiseMaker
- 1 month ago
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I wonder if this is the best moment to move all dollars to Euros.
