In The End, We The Taxpayer May Need A Bailout.

This whole thing just ticks me off.

There are too many things to list that bother me about this plan.

It's a big, Wait'n See. It's kind of a noose around the neck for whomever is the next president. That person is going to have to do their term under the shadow of this, especially should it not prove to be the kick needed.

I, too, hope the plan works. But given the history of such plans one has to expect at best a partial success. All that money attracts unsavory types who use every trick and scam they can think of to get some whether they deserve it or not. That's just the nature of money. Lobbiests and others will attempt to direct funds to their clients. Congressmen will try to get money for their states/districts. The whole thing will become a circus of greed. That is the way human beings are.

If you don't like the prospect of paying for this in years to come I suggest you read Invisible Hand. With that system there is no debt and no taxes and no government intervention in business possible nor needed. It's a striking new idea and you have never read anything remotely like it before. Nothing of the tired old failed ideas of the left nor the right. It's an entirely new direction politically. No party even knows about this solution.

Or you can take the other way out. You can save the time and energy you would spend in reading a fun novel and complain about the economy, government, and taxes and pay through the nose for as long as you live. Your choice.

Remember that when the U.S. bailed out Crysler, the country and we the tax payers benefited.

I pray this will work, but whatever happens, America will be changed. Credit will be harder to get. Americans will have to budget and do without lots of things - even things we define as necessities.

We might be driving at 27 miles and hour to ration gas as they did in World War II; we might have gardens in our back yards so we can eat.

We will survive, I hope. The eononomy may not be our worst problem.

When Einstein was asked what World War III would be like, he said he didn't know, but World War IV would be fought with sticks and stones.

I am very frightened.

We may need a bailout, hunh? That much is certain. (Keep in mind this is STILL basically - MOSTLY - a Bush plan, and EVERY one of those has cost us dearly!) How many of us out there actually believe that when WE need the bailout, our government is gonna jump through hoops, like they did this past week, to get us one?

I very worried out this bail out we americans need to be bailed out

We are in a sad situation and it seems there is nothing the American People can do about it.

The bailout is going to cost each of us several thousand dollars - check out my entry about the estimated costs to each of us http://www.gather.com/viewArticle.jsp?memberId=73520&articleId=281474977459141&nav=MyGather
Frankly, I don't want to pay for his rich friends to get richer one more time - guess he had to give it to them before he's out of the White House and we seem to be powerless to do anything about it.

Sadly this is just another drop in the debt mess our country has saddled itself with for almost a century...I've read afew economists (just a few) are woindering if the threshold is being reached where the debt cannot be paid and it will become necessary (politically) to repudiate it....That is a nightmare we should start thinking of and soon....

I can't even imagine the impact this will have in the future...just hoping for the best but expecting something less than that

`Bail out of the citizsens is already planned. Read up on the UAU (North American Union) Because of the massie debt and value of the dollar there will be an agreement which essenfially economically merges the US, Canada and Mexico. There will be a new currency similar to the EUO (the AMERO) and dollars will eventually become about as valuavle as the Confederate Dollar. Of course the USA will cease to exist as an independant country and the Constitution will go into histoical archives. Just a piece of paper that used to have some meaning.

See, our government has it all taken care of and for our "benefit".

I don't like this bailout idea at all. I think it is criminal to let members of congression who helped create this mess and found ways to line their own pockets to now create this nationalization of our free market system.
It would be better tolet it all collapse and let the free capitialist market resurect itself , it will come back stronger than ever if allowed to work itself out.
Dodd and Franks should resign , immediately!

In reference to the point Charles made about us saddling ourselves with debt for the last "century". Here's a link to a graph of our national debt since 1938. Yes, we have been growing our debt for a long time now. But - just so we can be sure about which is the more fiscally "responsible" party in recent years, and which party has a tendency to overspend itself - it is necessary to be aware of the periodic trends in the growth of that debt.

We are JUST BEGINNING to feel the effects of the mess we're in. The "solution" being rammed down our throats is no solution at all. It is a mere drop in the vast bucket of our problems... It is a ploy created by the people MOST responsible for the degradation of our economy, to delay our having to deal with the consequences of THEIR actions until they've long since headed for the horizon. And it is just ONE MORE THING we will eventually have to pay for.

Write to every one of your elected representatives NOW - the very NEXT THING YOU DO - and tell them to kill this thing or you promise to withdraw ALL support from them.

Contact your Senator
Contact your Representative

Fine questions and thread of comments. Donald McC great post with good links. Wake up everybody who has been living in a dream world and get your own finances buttoned down. A storm wind has been blowing for a long time but the house of cards that the neo cons build was hidden from those who did not pay attention and survived far too long. What a mess for the next president to clean up. Ask yourself who would bring real change and has better judgement?!

Good news! The bill didn't make it, even with an extra twenty-five minutes on the vote time.

I hope it all works out in the end.

I hope it works

It won't work in the long run. Predatory capitalism is the culprit. The greatest predators of all, perhaps of all time, are running this country today, sucking us all dry, like cows inundated with vampire bats. And now they want us to foot the bill, not only for their brazen misuse of the markets, but their golden parachutes as well.

Don't expect congress to hand out any punishment. They're complicit.

Tell ya what: how about if we taxpayers 'pack their 'chutes' for the whole lot of 'em? We'll make sure they're packed right!

If we need to know where this all started , thank Jimmy Carter for promoting these sub prime loans, Janet Reno for threatening criminal charges for banks not issuing enough sub prime loans and on and on, throw in corrupt politicians like Dodd and Franks and we have what the the lefty socialists in our country have engineered, a perfect storm to blame capitalism and seize the financial system and all the properties it holds in mortgages.
I say let it all collapse, dissolve Fannie Mae, dissolve Freddie Mac, expel Dodd, expel Franks.... cut all Americans taxes in half and allow us to use our own money to pay our bills.
If our government is so hell bent on handing out nearly three quarters of a trillion dollars, put it in our hands to pay down our debts and shore up the red ink on all our ledgers.

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