No doubt we need some kind of government intervention in

[yy4me]

the immediate future, and all of us are in one kind of a bind or another. No-one really knows what will work and what will be wasted. I am concerned that nothing is being done for all those who have already lost their homes and businesses because of the mortgage and loan mess. Is there anything in this bill to assist them with some type of low interest loans for down payment to buy another house, restart their businesses? What happens to those who have already lost everything because of our messed up government and greedy Wall Street?

Anything?

[James Quillian]

1. To Do Or Not To Do

There are many myths about who has lost property and who is now at a disadvantage. Facts are very hard to come by and usually unwelcome when they bubble to the surface.
Grandpa and Grandma are not the ones who are losing their homes all that much. This is more about investors passing losses back to lenders than its about regular people not being able to pay their mortgage. At any given time there are some people are defaulting on their house payments. In a realistic world that is un avoidable.
And, there really is not a credit crunch. The money supply has recently catapulted to record highs. That is not possible without lots of lending going on.
When someone says do something, I have to ask to see some facts. Right now the only facts I have indicate that this is all about passing losses for the ultra wealthy down to fry cooks and waitresses and a power grab at the same time.

James Quillian

[leftofthedial]

2. we're already over 10 trillion in the hole

the "government" won't be doing anything for anyone anytime soon.

[Greyhound]

3. Unless we demand it. We are the government and we are only subject to that

which we agree to be subjected to.

[leftofthedial]

4. we can't create money out of thin air

the dollar is sliding into worthlessness, the bailout only adds to the disastrously inflationary policies of the last generation, the bailout shakedown was basically the Japanese, Chinese and Saudis getting OUT of the business of loaning the US money.

There isn't any money for the government to spend on new programs.

[Greyhound]

5. You're joking right?

Edited to add http://video.google.com/videoplay?docid=7065205277695921912&hl=en">this link to Zeitgeist: Addendum.

Our money, all of it, is in fact already created out of thin air.

[leftofthedial]

6. our entire economy is a bubble that has been kept inflated by the willingness of

Chinese, Japanese and Saudi (primarily) investors to believe that we could keep the bubble afloat.

Now that it is torn to shreds, there is no bubble, no investors and no more "American dream"

thanks for the link

[Selatius]

7. I say we do like FDR did and soak the rich by raising their taxes.

Use the money from rich people to "prime the pump" and pay off debts owed.

[leftofthedial]

8. that's a good start

nationalize the financial markets, the "defense" industries, the health care system and Starbucks. Then make it illegal for any single entity to own more than one TV station, cable network, radio station or newspaper. One each, no more. Then make it illegal for any single entity to own more than 10,000 acres of agricultural land.

[Greyhound]

9. I'd do, roughly, what he did plus dissolve the Fed. We're still in a unique position

in the world, in that we are the single country that can direct the course for the rest of the planet because they depend on us and we are much closer to self sufficiency than any other large nation.

The central banking cartel, the World Bank, the IMF, the wars on everything (drugs, terror, people,etc.) all exist because we say so. Therefore, without our participation in them, they cease to be.

Nobody else can do that and it would be our second gift to the world, and we could become greater than we've ever been by leading them away from fascism, corporatocracy, global oligarchy, New World Order®, whatever you want to call it.

Not getting FDR's second Bill of Rights was a terrible mistake that we and the world have paid a heavy price for neglecting.

So say I.:hi:
:kick: