1 trillion dollar bailout

Well No shit, the markets going up. The supply of 'goods' on the market will now shrink by 1 Trillion dollars.

Or about 3,333 dollars a person living in america.

All for what? to help the bankers of the world that created the whole mess. I'm all for nuking them at this point.

What does it really mean for the average Joe:

Higher prices on all goods (inflation)

Higher home prices (we cant let them fall in value)

Higher taxes (how else can we pay for this)

Higher gas/energy bills (oh look, oil is back up over a 100 bucks)

Plus harder to get loans/ higher interest rates. (You want to borrow money, LOL you can but it will cost you)

And thats just for this RTC crap.

So remeber, save for the future, get screwed.

Save to buy a house, and finally start to think its possible.

SORRY those inflated prices must state.

Think your fuel bill will finally go down. Good lord, your an idiot.

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meanwhile

the Freddie Mac exec has his 5 million dollar VACATION home. Which at the end of the day, is all thanks to you and me

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The irony of capitalism is that completely free markets will result in a big hangover ... and demands for regulations afterwards. Pure greed left to its own devices maybe good for some individuals but not good for the country as a whole. Plus, it's smokes and mirrors to call our corporate world capitalistic at the management level. The CEOs fill the boardroom with their buddies, reward one another and get bailouts in times of crisis in the form of golden parachutes.

Well, we have always encouraged investing over saving in this country. We spend more than we earn, we consume more than we need, as a result we became fat and poor. And stupid. And that collective stupidity has come back to bite us in the ass. We will probably get some new rules and regulations to help prevent this from happening in the future.

I'm so disgusted with this that I may end up voting Libertarian as a protest vote come November.

Hammerin' Hank Paulson just said, "Your future and your children's future depends upon our ability to make the financial system sound."

Translation: YOU are going to pay for all our worthless toxic paper that cannot be sold to anyone else because that market is dead. UFB in your face racketeering. Now they are going to try to herd all our moron congresspeople into a stampede to hand over another trillion dollars of our money before they leave office.

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Hank G also said AIG was a national treasure. Whatever works I guess.

"Free Market America" Larry Krudlow was near orgasmsic last night after the announcement of this bailout idea & short selling ban. Frickin' pompous hypocritical ahole.

Dealguy123 said:ppatin said:I'm so disgusted with this that I may end up voting Libertarian as a protest vote come November.

Obama in '08! The Republican party is a disgrace. I'm voting democrat until we get a real republican back in office.

It will be the Democratic congress that passes this. I am not saying Republicans are not without their faults, but blaming them or directing your anger only at them over this is crazy.

fozzy said:It will be the Democratic congress that passes this. I am not saying Republicans are not without their faults, but blaming them or directing your anger only at them over this is crazy.

The point here, is that the Democrats have ALWAYS been for this bulls**t. However, the republican party actually used to stand for free market capitalism. I can no longer vote for a party that LIES DIRECTLY TO MY FACE and says they stand for X and they do Y. Sorry, but the republican party needs to lose (and lose big) and regroup and come back stronger. They've lost their way, and there's no reason any "conservative" should vote for them. Voting for the republican party at this stage merely encourages the same socialist BS to continue. No thanks. When you stray from the path and lose your way, you need a shock to set you straight. Winning provides no such shock.

nycll said:Hank G also said AIG was a national treasure. Whatever works I guess.With warrants for the government to own 80% of AIG, isn't it in effect, a national treasure?