-------------------------------------------------------------------- 9/24 poll on cnn.com asking, "If you were a member of Congress, how would you vote for the proposed $700 billion financial system bailout?"
Yes 19% 1821 No 81% 7727 Total Votes: 9548 --------------------------------------------------------------------- CNBC Poll 9/23/08: Who Stands to Gain the Most With the Bailout?
Wall Street 64% Neither 6.8% Main Street 5% Both 18% Don't know 5.9% ----------------------------- CNN poll 9/22/08:
Do you agree with the decision to spend $700 billion to bail out the financial system?
Yes 32% 72095 No 68% 155337 Total Votes: 227432 ----------------------------------------------------------------------------------------------------------
EXPRESS YOUR DISGUST
1 click form to say NO to this bailout! http://votenobailout.org/
Message edited by: FatFreddie on 2008-09-24 17:54:04 CDT
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.
Bailouts do NOTHING to change the underlying supply/demand scenario. Houses are still grossly overpriced and will continue to fall in value. Oil prices are on a downhill plunge as well. What this means? All the gov't money (our money) in the world cannot force people to purchase things their salaries cannot afford.
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.
Brutal. Before the government gives any of these companies $1, they should make every exec who made more than $1M in one year payback 90% of their earnings.
Bailing these companies out takes away the downside risk of doing business. This is a dangerous precedent we're setting. In effect saying "Increase your revenue however you want, and don't worry if its risky, we'll be here to catch you if you fall."
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.
The complete socialization of our entire financial system. And all the "small-government", right-wing neo-cons are buying into this as if it's completely natural. Yet mention Universal Healthcare, which would be infinitely less expensive and infinitely more beneficial (especially if the insurance companies could be removed from the equation), and they're up in arms decrying the Democrats' attempt to "socialize" medicine. Utter hypocrites!
"Free Market America" Larry Krudlow was near orgasmsic last night after the announcement of this bailout idea & short selling ban. Frickin' pompous hypocritical ahole.
curtisekarr said:The complete socialization of our entire financial system. And all the "small-government", right-wing neo-cons are buying into this as if it's completely natural. Yet mention Universal Healthcare, which would be infinitely less expensive and infinitely more beneficial (especially if the insurance companies could be removed from the equation), and they're up in arms decrying the Democrats' attempt to "socialize" medicine. Utter hypocrites!
i'm a conservative. And I think this is utter crap.
IMHO, anyone claming to be a conservative, and is for these massive bailouts. Should have there conservative title taken away.
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: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. And the President can easily veto this.
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.
HumDoHamaraDo said:fozzy said: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. And the President can easily veto this.The president just addressed the nation. I don't think he is going to veto anything.
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?
HumDoHamaraDo said:fozzy said: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. And the President can easily veto this.
this is why I dislike bi-partaisanship, it always gets use the 'best' ideas. NCLB, New medicare rules. Bailouts of wallstreet.
All of them are in bed togther. Left, right, new york cries, rest of the country empties its wallets.
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