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Reply #13: Wait. You admit that it will break Wall Street, and then ask [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
Occam Bandage Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-29-08 04:21 PM
Response to Reply #11
13. Wait. You admit that it will break Wall Street, and then ask
Edited on Mon Sep-29-08 04:22 PM by Occam Bandage
for evidence that destroying the financial core of the economy will lead to damage to the economic health of the nation? Again: Wall Street is not in a vacuum. When financial companies go down, so do the businesses that rely on their credit, and so do the workers who have retirement programs.
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  -700 Billion. That's almost $3000 for every man woman and child in America walldude  Sep-29-08 04:12 PM   #0 
  - Do you have a job?  Vash the Stampede   Sep-29-08 04:14 PM   #1 
  - Self employed with good job security.. should have put that in the OP  walldude   Sep-29-08 05:03 PM   #50 
     - Do you really expect your self employment to survive a serious depression? Highly optimistic, if so  anneboleyn   Sep-29-08 05:09 PM   #54 
        - No but no ones job will survive a serious depression.  walldude   Sep-29-08 06:01 PM   #85 
  - Here, here!  soulcore   Sep-29-08 04:15 PM   #2 
  - It isn't the people who rubber-stamped subprime mortgages who are going to suffer.  Occam Bandage   Sep-29-08 04:17 PM   #7 
     - Please show me the proof that this will lead to a depression.  soulcore   Sep-29-08 04:19 PM   #11 
     - Wait. You admit that it will break Wall Street, and then ask  Occam Bandage   Sep-29-08 04:21 PM   #13 
        - Maybe our economy shouldn't be based on credit then. n/t  soulcore   Sep-29-08 04:23 PM   #20 
           - Feel free to come up with and implement such a system.  Occam Bandage   Sep-29-08 04:24 PM   #23 
              - Credit does not equal capitalism.  soulcore   Sep-29-08 04:25 PM   #24 
                 - No, it's simply the foundation of the entire world economy, and has been for centuries.  Occam Bandage   Sep-29-08 04:27 PM   #25 
                    - That's a strawman argument.  soulcore   Sep-29-08 04:31 PM   #31 
                    - No, it is not. "Credit is important" is not a straw man.  Occam Bandage   Sep-29-08 04:35 PM   #37 
                       - my mistake, I forgot the two zeros.  soulcore   Sep-29-08 04:39 PM   #42 
                    - That is a beautiful analogy. Do you mind if I borrow it?  msallied   Sep-29-08 04:39 PM   #41 
                    - Go right ahead.  Occam Bandage   Sep-29-08 04:40 PM   #43 
                       - And I see it as so...  soulcore   Sep-29-08 04:44 PM   #44 
                       - Gold Standard?  torbird   Sep-29-08 05:26 PM   #68 
                          - No fuck you you pathetic little fucking weenie  walldude   Sep-29-08 05:46 PM   #78 
                             - Jesus.  redqueen   Sep-29-08 06:00 PM   #84 
                                - Did you read the post that I responded to?  walldude   Sep-29-08 06:03 PM   #86 
                                   - Yes, I did...  redqueen   Sep-29-08 06:05 PM   #88 
                                      - Thanks...  walldude   Sep-29-08 06:14 PM   #94 
                    - Hear hear.  redqueen   Sep-29-08 05:12 PM   #57 
     - "Depressions hurt *everyone,* and the rich least of all."  redqueen   Sep-29-08 04:19 PM   #12 
     - Theyll' suffer too, but in a different way  martymar64   Sep-29-08 05:15 PM   #60 
  - Yes. Bubble up.  redqueen   Sep-29-08 04:15 PM   #3 
  - I agree. $700 billion is too much to spend because maybe...  Eric J in MN   Sep-29-08 04:15 PM   #4 
  - "Fuck you. I've got mine."  Occam Bandage   Sep-29-08 04:15 PM   #5 
  - You're fear-mongering. n/t  soulcore   Sep-29-08 04:17 PM   #9 
  - Pointing out that actions have consequences is not "fear-mongering."  Occam Bandage   Sep-29-08 04:18 PM   #10 
     - Main street has felt the pinch longer than anyone.  soulcore   Sep-29-08 04:21 PM   #16 
     - The fact that average Americans have seen a recession is not an excuse to make things worse.  Occam Bandage   Sep-29-08 04:23 PM   #21 
        - The Bailout will lead to hyperinflation  martymar64   Sep-29-08 05:21 PM   #66 
           - No, it will not. Ron Paul is an idiot. Yesterday over a trillion dollars were lost when the market  Occam Bandage   Sep-30-08 09:09 AM   #108 
     - 'actions have consequences' --- so do risks.  TNMOM   Sep-29-08 04:29 PM   #27 
     - Indeed they do. However, we're moving beyond the point where the people being hurt  Occam Bandage   Sep-29-08 04:33 PM   #36 
        - So your solution is to bail out both the people who got screwed and  walldude   Sep-29-08 05:09 PM   #53 
           - Saying "let's not fix the economy because it would help the people who did the screwing too,"  Occam Bandage   Sep-30-08 09:14 AM   #109 
     - 'actions have consequences' --- so do risks.  TNMOM   Sep-29-08 04:29 PM   #28 
  - I'm not even arguing anymore.  redqueen   Sep-29-08 04:30 PM   #29 
  - The more I read, the more I think  IAmJacksSmirkingRevenge   Sep-29-08 05:01 PM   #48 
  - Very ugly... and unnecessarily so.  redqueen   Sep-29-08 05:10 PM   #55 
     - Pot meet kettle.  walldude   Sep-29-08 05:13 PM   #58 
        - Are you taking my "measley job" as a direct attack on you?  redqueen   Sep-29-08 05:18 PM   #63 
           - Yes but having re-read that I guess I could have taken it wrong and did!  walldude   Sep-29-08 05:57 PM   #82 
              - I don't know why so many people are being so nasty...  redqueen   Sep-29-08 06:03 PM   #87 
  - So that's how you see this? You see a person who lived honestly  walldude   Sep-29-08 05:11 PM   #56 
  - Where did I berate you?  redqueen   Sep-29-08 05:15 PM   #59 
     - You didn't... my bad...  walldude   Sep-29-08 05:59 PM   #83 
  - I am so right there with you  lukasahero   Sep-30-08 11:07 AM   #112 
  - Yes, atiitudes like the op's are what make my hubbie and I want to move to Europe where "community"  anneboleyn   Sep-29-08 04:58 PM   #45 
  - Oops, should be "attitudes!" Typo. n/t  anneboleyn   Sep-29-08 05:00 PM   #47 
  - Try reading the OP. I advocated helping out the people who got screwed  walldude   Sep-29-08 05:16 PM   #61 
  - I won't and it's not fuck you unless you got us into this situation..  walldude   Sep-29-08 05:05 PM   #51 
  - If we can get some serious Wall Street regulation into it, it'll be the best $3000 I've ever spent.  Kristi1696   Sep-29-08 04:15 PM   #6 
  - Today's bill didn't regulate Wall St.  Eric J in MN   Sep-29-08 04:17 PM   #8 
  - Um, actually it was $250 billion with heavy Congressional oversights and WH approval needed  msallied   Sep-29-08 04:23 PM   #22 
     - Oversight of a fund which gives money to Wall Street...  Eric J in MN   Sep-29-08 04:30 PM   #30 
     - It was a damn sight better than the carte blanche Paulson bill!  msallied   Sep-29-08 04:35 PM   #38 
     - Congressional oversight? That's the biggest joke of the day!  martymar64   Sep-29-08 05:27 PM   #69 
  - GIANT IF! That's like my example of "trickle down" we have been following  walldude   Sep-29-08 05:18 PM   #64 
  - I'll pony up my share if it means my husband can keep his job.  msallied   Sep-29-08 04:21 PM   #14 
  - So What....?  Stuart G   Sep-29-08 04:21 PM   #15 
  - Oh but don't you know? He's got his. As long as he's okay, the rest of us can be sold down the river  msallied   Sep-29-08 04:22 PM   #19 
  - EXCELLENT POINT! Weak U.S. economy is BAD news on so many levels.  anneboleyn   Sep-29-08 05:02 PM   #49 
  - Well,, I'm broke, so I'm not paying shit!  martymar64   Sep-29-08 05:33 PM   #72 
  - It wouldn't have cost $700B.... the Treasury would've gotten most, if not all, back  scheming daemons   Sep-29-08 04:22 PM   #17 
  - & they wait, & it's not 700 BILLION they need, but 700 TRILLION... & then it's 1929 all over again  chicagoexpat   Sep-29-08 04:33 PM   #35 
  - Just like the $ we sent to Iraq?  martymar64   Sep-29-08 05:39 PM   #74 
  - I'd rather have it in McDonalds apple pies!  high density   Sep-29-08 04:22 PM   #18 
  - You never took money you didn't earn. Like unemployment.  Left Is Write   Sep-29-08 04:27 PM   #26 
  - OP doesn't seem to know that unemployment is insurance based and not paid by tax dollars. ()  weezie1317   Sep-29-08 04:39 PM   #40 
     - Yeah the OP is an idiot.  walldude   Sep-29-08 05:20 PM   #65 
        - So be thankful you didn't need unemployment.  Left Is Write   Sep-30-08 10:31 AM   #111 
  - I wish there was a way that only people like u would lose their job for throwing bombs  chicagoexpat   Sep-29-08 04:32 PM   #32 
  - Does OP expect to ever draw on social security? What if you become disabled, OP? Or do you have  anneboleyn   Sep-29-08 05:05 PM   #52 
  - You got it wrong.  martymar64   Sep-29-08 05:43 PM   #76 
  - I'll stand w/ Warren Buffet & Obama; you can stand with Rush Limbaugh & the Freepers  chicagoexpat   Sep-29-08 06:06 PM   #89 
     - No, you stand with Bush/ Cheney  martymar64   Sep-29-08 06:56 PM   #96 
        - It's mind-boggling stupid to think Bush & Cheney WANTED this bill... they fought tooth & nail  chicagoexpat   Sep-29-08 07:39 PM   #99 
  - What does any of that have to do with the bailout?  walldude   Sep-29-08 06:08 PM   #92 
  - I see, honest hard workers should lose their jobs.  walldude   Sep-29-08 05:51 PM   #81 
     - GOP Congressmand & their supporters deserve to lose ur jobs, if it can save the rest of us who care  chicagoexpat   Sep-29-08 06:07 PM   #90 
  - By your theory, people who don't have kids shouldn't have to help pay for school systems n/t  musicblind   Sep-29-08 04:33 PM   #33 
  - Wrong. By my theory the schools should get all the money they need.  walldude   Sep-29-08 05:29 PM   #71 
  - Many people have already lost more than 3k per person.  bunnies   Sep-29-08 04:33 PM   #34 
  - We did not accept the original terms of the bailout. We implemented  mzmolly   Sep-29-08 04:37 PM   #39 
  - I've lost half of everything I had...  Juniperx   Sep-29-08 04:59 PM   #46 
  - WHY doesnt your side ever talk about the money being paid BACK. i keep hearing  seabeyond   Sep-29-08 05:17 PM   #62 
  - Yeah it can be "paid back"  walldude   Sep-29-08 05:24 PM   #67 
     - you want to state an unkown as fact. but there is history for the other side, and there is history  seabeyond   Sep-29-08 05:28 PM   #70 
        - you position is as much unknown as the other positio  walldude   Sep-29-08 05:34 PM   #73 
        - no. i do state it is unknown. i also state the facts that we have.  seabeyond   Sep-29-08 06:12 PM   #93 
        - Bullshit  martymar64   Sep-29-08 05:48 PM   #79 
           - so when you argue you say said to pay back, not buying. that is at least honest  seabeyond   Sep-29-08 06:40 PM   #95 
              - So because I refuse to reward predatory capitalism, I'm dishonest?  martymar64   Sep-29-08 07:11 PM   #98 
                 - talk about a 700b give away, it is a probability we will make an unknown amount  seabeyond   Sep-29-08 07:48 PM   #100 
                    - Tell me then, how will we make it back?  martymar64   Sep-29-08 08:11 PM   #101 
                       - they are only in office another 6 months. i believe obama steps in. i also believe  seabeyond   Sep-29-08 08:17 PM   #103 
                          - That's our only hope . . . thin though it may be  martymar64   Sep-29-08 08:30 PM   #104 
                             - i think the republicans taught us well. agree with your post....  seabeyond   Sep-29-08 08:34 PM   #105 
  - Ok last post..  walldude   Sep-29-08 05:42 PM   #75 
  - You know, reading that,  IAmJacksSmirkingRevenge   Sep-29-08 05:46 PM   #77 
  - Nope happy to help an honest hard working man.  walldude   Sep-29-08 05:49 PM   #80 
  - The difference is, in walldude's case, he's contrasting his situation against the fatcats  redqueen   Sep-29-08 06:08 PM   #91 
  - With interest, its over $9000  OwnedByFerrets   Sep-29-08 07:03 PM   #97 
  - I lost $3000 today in my 401K.  Mystery2Me   Sep-29-08 08:13 PM   #102 
  - You could have just as easily put that money into a no-risk savings account.  soulcore   Sep-30-08 01:40 AM   #106 
     - You can't retire on a no risk savings account  Marrah_G   Sep-30-08 09:54 AM   #110 
  - People want to retire  TheKentuckian   Sep-30-08 03:02 AM   #107 
  - Exactly! I for one hope and pray that our progressive democrats "stay strong" and continue to oppoe  ShortnFiery   Sep-30-08 11:09 AM   #113 
     - Yeah, we only lost 1.4 TRILLION in the market yesterday, so let's not use  chicagoexpat   Sep-30-08 11:41 AM   #114 

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