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Watchin tha world go by
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Discussion Starter #1
has anyone else seen this kind of sentiment and opinion building over this?,
could this be the proverbial straw? we can only hope that people will finally see what a group of corrupt, self serving, lowlife, bought and paid fer lot they are.
Anyone voting for this needs ta be forced to start writing a resume -- fer a new job.


http://biz.yahoo.com/cnnm/080921/092108_readers_on_bailout.html
"NO NO NO. Not just no, but HELL NO," writes Richard, a reader from Anchorage, Alaska.

"This is robbery pure and simple," Anna from Denver posted on CNNMoney.com's TalkBack blog this weekend.

"It's our money! Let these companies die," added Claudio from Plainville, Conn.
"I'm tired of rewarding institutions and people for the bad decisions they have made," said Dean from Madison, Wis. "Sure, it will hurt tax payers if/when some of these institutions fail, but perhaps we need to let that happen. We do not need more big government involved in our lives. Enough is enough."
"Companies, like individuals, should be held responsible for their decisions," wrote Jorge from El Paso, Texas. "This buyout does not address the other problems in the pipeline such as personal credit default and market slowdowns in most industries. No new jobs will be created."

Paul from Portsmouth, N.H., said banks are getting the soft treatment when taxpayers are suffering.

"It is time for the financial institutions of this country to be called to the mat. We should be expecting and demanding responsible and ethical business practice, not rewarding it at the expense of taxpayers."

And John from Springfield, Va., said the government action actually hurts the people it is intended to help.

"The government does not have $700 billion dollars. WE have $700 billion, and it is being taken from us. If this is passed then the next administration and the next will be extracting this one from the people who are supposedly being protected by this bailout."

Where's my bailout?
"Once I invested in something and lost money. Maybe I could just change the rules of investing so that my loss turns into a gain? Oh, I forgot only banks can do that!"

Vote these jerks out

Some readers said it was time for the politicians who support the bailout to get the heave-ho come November.

"I will be watching to see which of our representatives vote for this bailout," said R. Kidd in Troy, N.C. "Let the American people see how many we can fire come election time."

And many readers, including Danny from Texas said we should stop typing and start dialing the lawmakers who are prepared to give the OK to the bailout.

"Call your Congressman. Stop blogging, posting comments, and call your congressman. This is the patriotic thing to do. Let them hear your opinion, show them this is still America and that you will not stand for this!!"
 
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intresting.....i wonder if they realize what allowing the system to completely crater means?........i believe there are two ways to handle the situation,one is to let the free market work ( hands off ) and we have a hard landing which is how it was handeld in 1929....no speculation here we know the end result.....the second is to intervene stop the freefall,hope for a soft landing and live with stagflation for several years.......

which is the patriotic corse?.........
 

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Watchin tha world go by
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Discussion Starter #3
will be a hard landing anyway it is just a spiraling fall instead of a quick crash
 
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*** Forgives, I don't
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What I want to see is some criminal prosecutions come from this. I am tired of crooks. I've been b*tch*ng for years about Congress members and they keep getting voted right back in. Now wall street and the banks have joined the game. Where was Congress when the housing market started getting stupid, other than investing in real estate.
 

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I've been b*tch*ng for years about Congress members and they keep getting voted right back in.
This is why there will never be a change. Both Obama and McCain are cut from the same cloth (one's vertical pinstripes, and the other is horizontal). Yet the majority don't argue for change. They argue that if you vote for McCain it's four more years of Bush, so you have to vote for Obama. Or they argue that if you don't vote for McCain then Obama will win and we'll get socialism.

We never get change. The vote for change always gets put off till the next election, and this election becomes about stopping the other guy.
 

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I help enlighten folks
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This is why there will never be a change. Both Obama and McCain are cut from the same cloth (one's vertical pinstripes, and the other is horizontal). Yet the majority don't argue for change. They argue that if you vote for McCain it's four more years of Bush, so you have to vote for Obama. Or they argue that if you don't vote for McCain then Obama will win and we'll get socialism.

We never get change. The vote for change always gets put off till the next election, and this election becomes about stopping the other guy.
Or you could look at it this way. Obama had legislation last year to look into crooked and shaky mortgage lending. McCain has been fighting regulation for 20 years.
 

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Or you could look at it this way. Obama had legislation last year to look into crooked and shaky mortgage lending. McCain has been fighting regulation for 20 years.
Obama is scum. Don't take that as a personal insult, but I see nothing of value in him, and wouldn't vote for him if my life depended on it. If he was hanging off a cliff, I wouldn't throw him a rope. I might throw McCain at him, solving two problems at once though. I'd do the same for McCain.
 

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I help enlighten folks
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Obama is scum. Don't take that as a personal insult, but I see nothing of value in him, and wouldn't vote for him if my life depended on it. If he was hanging off a cliff, I wouldn't throw him a rope. I might throw McCain at him, solving two problems at once though. I'd do the same for McCain.
I figure Obama will not start any more costly wars. I don't think he'll sell out the average worker any worse than McCain.
McSame is old and about senile. He didn't even know the difference between a sunni and a shiite. He's a very old broken down man, he should retire with his head held up.
 

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I figure Obama will not start any more costly wars.
Economics will end our couterproductive foreign policy. Financing our wars will become impossible.

I don't think he'll sell out the average worker any worse than McCain.
And this is where we disagree 100%. I think Obama will destroy the average worker.
 

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Obama is the next step in the socialization of America. McCain is more of a continuation of the current brand of socialism.
 

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I help enlighten folks
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Obama is the next step in the socialization of America. McCain is more of a continuation of the current brand of socialism.
we just socialized wall street, and you're worried about money spent retraining some workers? :confused:

we flush away too much money overseas instead of rebuilding our own infrastructure and our economy.
 

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we just socialized wall street, and you're worried about money spent retraining some workers?
"Money spent retraining some workers"? Now you're being disingenous. More money for education, universal health care, more money for alternative energy, amnesty (more citizens requires more money for all of the above).

Too summarize, more money.
 

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I help enlighten folks
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"Money spent retraining some workers"? Now you're being disingenous. More money for education, universal health care, more money for alternative energy, amnesty (more citizens requires more money for all of the above).

Too summarize, more money.
I don't have a big problem with that stuff except for amnesty, which probably isn't even true. McCain won't do anything about illegal aliens `, so actually you have no high ground there at all. It's all better than foreign aid and foreign wars.
Think of asll the money that got stolen in Iraq, they can't find it. Aren't you tired of throwing cash down a rathole? or would you rather throw it away then spend it here?
 

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I don't have a big problem with that stuff except for amnesty,
And that's why you're voting for him. I have a problem with all of it.

so actually you have no high ground there at all. It's all better than foreign aid and foreign wars.
I'm not voting for McCain, so I do have high ground. Socialist programs here are as reprehensible as tax money sent overseas.

Aren't you tired of throwing cash down a rathole? or would you rather throw it away then spend it here?
Social programs are ratholes too. And yes, I am tired of throwing money down ratholes.
 

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I'm not voting for McCain, so I do have high ground. .
fair enough, i wish all the mCsame supporters had your guts

Yep, deregulation has come home to roost. And, I suspect, it has been made much, much worse because the Republicans wanted to hide how bad things were until after the election. Too bad for them, it didn't wait.

Yep, John "Our economy is fundamentally sound" McCain is hopefully going to eat those words come election... Clueless or a liar, pick one.
 

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Hiding in plain sight
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Or you could look at it this way. Obama had legislation last year to look into crooked and shaky mortgage lending. McCain has been fighting regulation for 20 years.
Wrong. in 2005 mccain cosponsored a bill to increase the regulation and oversight on faniie and freddie to try and prevent the housing crisis. what did obama do? ding ding ding. Voted against it.
 

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Wrong. in 2005 mccain cosponsored a bill to increase the regulation and oversight on faniie and freddie to try and prevent the housing crisis. what did obama do? ding ding ding. Voted against it.
No `Real Understanding'

``I don't think anyone who wants to increase the burden of government regulation and high taxes has any real understanding of economics,'' McCain said this spring at an Inez, Kentucky, town hall meeting, where he also declared ``the fundamentals of our economy are good.''

Until recently, he repeatedly invoked Ronald Reagan's calls for less regulation. He voted for the 2002 Sarbanes-Oxley corporate-governance regulations -- then last year said he regretted that vote.

McCain isn't averse to some regulations. He has strongly championed a greater federal role in campaign finance, tobacco and boxing. In each case, he saw a clear villain -- special- interest money, a tobacco product that puts profits ahead of lives, and unscrupulous boxing promoters.

There has been little evidence that prior to last week he ever put financial firms in this category. Although he assailed excessive corporate compensation last week, McCain has opposed a tepid House-passed bill that would give corporate shareholders the right to cast a non-binding vote on compensation of top executives.

source: Bloomberg
 

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after much thought i have come to the conclusion that the fundementals of finance that have been a cornerstone in our economy no longer apply...in other words the dynamic has changed so radicly that no matter what they do it's not going to work and there is a brand new learning curve to overcome before anything gets better........
 
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