PANIC! PANIC! PANIC! sign here FEAR! FEAR! FEAR!

[LynnTheDem]

"Bailout" = "patriot act" et al.

Don't allow them to pull this stunt again, America.

[mike_c]

1. the rat bastards are going to do it....

They smell money.

[bdamomma]

2. they did it once and got away with it

even Naomi Klein was saying this is how they will keep on getting their way, warrant something a crisis and changes would have to be made quickly.

[bdamomma]

3. I think more economists need to be pulled in to give their suggestions

and comments on this.

[LynnTheDem]

8. Most economists say "don't do this".

http://www.mcclatchydc.com/227/story/53107.html

More than 160 economists have signed a letter critical of Hank Paulson's bank bailout plan, calling aspects of it "desperately short-sighted."
http://open.salon.com/content.php?cid=22262

[mzmolly]

4. Which is why it's important to elect a President Obama.

;)

Actually European markets are also in trouble today. I'm going from skeptical to believing that Republicans really did F things up.

[ShortnFiery]

5. I don't know why I even try anymore. Americans have become SHEEP.

[Union Thug]

6. They should at very least seriously consider Bernie Sanders' plan...

Oh yeah, but taxing the rich would be, HORROR OF HORROR, class war!

[pnutbutr]

10. isn't that to

pay for the bailout?

[gordianot]

7. This is the culmination of almost 70 years of stunts,

At some point politicians will need to deal with real anger management. We are headed for a Mad Max world.

[pnutbutr]

9. oh

I didn't know we shouldn't be worried about a possible collapse of the financial system. My bad, guess I'll go buy a hummer and a house.

Maybe you guys should go read up on how the current US fiat monetary system works and apply your new found knowledge to the bailout in order to see what it's supposed to do, how it will help and what could happen if it is not done.

[LynnTheDem]

11. WOW you must be very brilliant, as you know better than the top economists!

That, or you don't know dick.

[unblock]

13. why be so dismissive?

i'm pissed that the shrub administration got us into this mess, proposed a bailout later than they should have, and then proposed a poorly thought out one at that.

nevertheless, the problems are, in fact, real, and i wouldn't be cheering the prospect of a simple defeat of this bailout. if they can substitute something better, quickly, i'm all for it. but substituting nothing will be very, very bad.

i don't buy a word of what shrub and the gang say. i'm looking at the flow in my own work. the problems are very real.

[Land Shark]

15. WHAT? 192 economists say bailouts not needed at all, see this link

http://hotshorturl.com/rp42

it's on DU, then see the link within for the DU thread on the 192 economists, which is quoted in a box within this linked post

[RoyGBiv]

17. Just some friendly info ...

You need to be aware of what this means:

"But let's calm down to economic science for a bit: A list of 192 economists, a list both wide (even a few international economists) and deep (40 at the Univ of Chicago where it started) says that"

The economists at the University of Chicago are disciples of Friedman, the people whose economic philosophy helped get us into this mess, i.e. the enemy. Many of the others (although I haven't tracked down all of them yet) are also heavily influenced by Friendman if not outright parrots of his economic school of thought.

They oppose the very idea of any government intervention in financial markets. They are particularly troubled about the current bill because they believe it is too regulatory.

This should be considered.

[pnutbutr]

16. I've never met

Dick. Is he nice? Maybe he could give me some insight about this bailout?

[alcibiades_mystery]

12. Boy Who Cried Wolf Syndrome

Sometimes, there really is a wolf.

[LynnTheDem]

14. And most times there isn't.

As with opposing the illegal invasion of Iraq, the majority of Americans are once again correct; this "bailout" is bullshit that won't work.

[alcibiades_mystery]

19. And this time there is

You're just wrong about this. I know that's hard, but you're wrong.

[LynnTheDem]

20. We shall see.

I was "wrong" too when I posted years ago on this board that Iraq had nothing whatsoever to do with 911.

As then, I will go with the experts; this "bailout" is total bullshit.

[alcibiades_mystery]

21. This is the rub of the Boy Who Cried Wolf Problem

You're usually right. But you only have to be wrong once.

[Myrina]

18. Amen!

I cannot believe my ears, Barney Frank accusing a Republican who's against the bill of being 'harsh' on the Bush Administration on CSPAN now.


:wtf:


If we had TRUE capitalism, the businesses who over-reached and are now in trouble, would fail. Period.
But instead we have 'protected capitalism' - companies and CEO's who have friends in high places, will never be allowed to fail. Joe Consumer, on the other hand, will be run over by the greedy lending practices, the tax-bene's for the corporations, and the internal manipulations of the stock market, and will always have to foot the bill.

JUST SAY NO. :mad:

[moodforaday]

22. You owe me a new keyboard

but I wasn't laughing - I gulped.

I cannot believe my ears, Barney Frank accusing a Republican who's against the bill of being 'harsh' on the Bush Administration on CSPAN now.

Please tell me he didn't really say that. Please.

[OakCliffDem]

23. Bailout = theft