The Bail Out Helps Main Street-Or Pikers Like You

[swtrader]

Quote from Random.Capital:

Nothing will change until Main Street Americans accept their involvement and responsibility for this crisis. Pabst is absolutely right - the average American has turned a blind eye to all the everyday subsidies (ie, slow-motion bailouts) - has turned a blind eye to incredibly irresponsible federal spending habits - has flatly rejected each and every political candidate who even tried to bring about a measure of fiscal responsibility.

The populace demanded to be pandered to. In a democracy, the populace gets what it wants.

And now that same popluce is getting what it deserves.

The only way out of this is to get federal spending under control. Worry about the level of spending later - first, balance the budget. That is crucial, because without it the decisions will increasingly be made outside this country, and this bailout will be followed by another, bigger one, until we're all broke.

Good night, and good luck.

that's bullshit

most Americans dont get bailed out. factory workers with jobs shipped overseas didnt get bailed out. tech workers replaced by h-1bs didnt get bailed out. most of these people did not ask for higher government spending

but now, the c--ksuckers who cheered all this globalism want a giant welfare check

sell your 'collective guilt' crap elsewhere

 

[Mecro]

Quote from Random.Capital:

Nothing will change until Main Street Americans accept their involvement and responsibility for this crisis. Pabst is absolutely right - the average American has turned a blind eye to all the everyday subsidies (ie, slow-motion bailouts) - has turned a blind eye to incredibly irresponsible federal spending habits - has flatly rejected each and every political candidate who even tried to bring about a measure of fiscal responsibility.

Nonsense, there was no bailout for the average American anyway. They will be foreclosed on as planned, but the Democtrats are adding in provisions.

No plan, no bailout is the answer to this problem. Let the parasitic institutions fail, let the homes be foreclosed on.

About 80% masses do reject any viable candidate, like Ron Paul. But don't forget the media and even Congress itself. Whenever someone speaks the truth, they get shunned.

 

[Random.Capital]

Quote from Mecro:

... there was no bailout for the average American anyway....

It already happened. It's been happening for years.

Until people understand that a subsidy is nothing more than a slow-motion bailout, there is no hope.

Cheers.

 

[swtrader]

pabst is the worst form of welfare scum

he bleats his so called liberatarisnism while he claims to be winning, beats his chest about his florida real estate conquests, but when his holdings go against him, he begs with the lack of dignity matched only by an untouchable in India

 

[Random.Capital]

Quote from Mecro:

No plan, no bailout is the answer to this problem.

It might well be.

Keep in mind the next Treasury auction is on Monday. If there is no plan, no bailout, the auction will fail.

And then what?

 

[GTG]

I think this bail-out is playing out like a game of prisoner's dilemma in congress. I think enough of the members of congress know what is at stake here to pass the bill, but if the bill passes, anyone who votes for this unpopular "bail-out" is going to get attacked by those who didn't vote for it. The public will be on side against the bail-out, because without a catastrophe, the public will never know what was at stake.

So you have a situation here, where most of congress wants the bill passed, but no one actually wants to be counted among those who voted for it. If the bill doesn't pass, and the equities markets drop 20% in a few days, and there are lines around the block at your local bank, while at the same time factories are laying off blue-collar workers because they can't get credit to finance the next month's payroll, then sure the public will be screaming mad at congress for not "doing something". But, all of the politicians will be kind of screwed equally in that case because in the wake of such pandemonium all politicians will be in trouble. The public will be in too much of a state of panic to make the finer distinctions between who voted for and against the bail-out package. They will just throw everyone out of office in the next election.

This is why Nanci Pelosi wants to make sure that significant numbers of Republicans will vote for the bill before she is willing to bring it to a vote, and also why she needs the president to make a speech showing his support tonight too. She doesn't want the Dems to be alone in taking the blame for "bailing out wallstreet". The Democrats and Republicans both also need to attach all kinds of face-saving provisions to the bill like limiting executive pay for the companies getting bailed out, so that they can face their angry constituents by saying "yeah the bill sucks, but I forced those greedy bankers to take a pay-cut at least!".

 

[Pa(b)st Prime]

Are YOU insured by the FDIC? Bet you are....

Quote from Mecro:

Uhm no, I see zero gain from this, just accelerrated inflation.




Excuse me what? That's just some retarded rhetoric. FDIC lowers the standard, a bank's credibility should be based on its reputation & financial stability, not taxpayer money. None of these banks have ANY stability, thanks to the Fed and fractional reserve banking. Learn about free competitive banking sometimes, the central bank's biggest enemy, it will blow your mind.

Anyone supporting this bailout is either financially biased, easily brainwashed or borderline retarded.

 

[Pa(b)st Prime]

Quote from Mecro:

As someone who claims to be some Mr. florida real estate mogul, this is possibly the stupidiest thing you have ever posted.

That's besides the point. The current standard banking system only serves itself and the elite. Control via inflation & manipulation of money supply. Nothing more.

70% of adult America owns their home. Good luck seeing those folks pay cash........

 

[Mecro]

Quote from Random.Capital:

It already happened. It's been happening for years.

Until people understand that a subsidy is nothing more than a slow-motion bailout, there is no hope.

Cheers.

Uhm no. Socialism operates under the guise of subsidies while actually lowering the standard for the masses, while pushing forward the elite.

Any subsidy for the average american came at the expense of higher taxes & inflation. Net negative for everyone, in case the results are not obvious.

You, as a self proclaimed libertarian, should know this.

People should help out others because of their heart, not a government mandated tax/levy. It's called having a sense of humanity. I doubt you even have the slightest concept of what that means.

 

[Pa(b)st Prime]

Quote from swtrader:

pabst is the worst form of welfare scum

he bleats his so called liberatarisnism while he claims to be winning, beats his chest about his florida real estate conquests, but when his holdings go against him, he begs with the lack of dignity matched only by an untouchable in India

I don't care if my house goes down to 100k. Why would it matter? I'm at PARITY with every other house. Actually given that I want a BETTER house someday I'm better off if real estate breaks than if it rallies. IOW's I'm a de fato short spreads.