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Thread: People are pouring out into the streets...

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    swords's Avatar
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    People are pouring out into the streets...

    In protest over the $700 Billion bailout, people of all political persuasions are beginning to spontaneously rise up in cities all over the country over this pending deal of socialism for the "free market".
    What do you guys think of the situation?
    Do you think the government will pay any attention to the public?

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    Lover of Mountains nightsky's Avatar
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    I think the bailout is a pile of BS of epic proportions. Last I heard, a bailout agreement was reached this morning, but I haven't looked at the details.

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    Hell if we dont bail them out its going to get alot worse. I still cant belive that the govt. let big corporations affect our economy in this way....I hear its going to cost each family around $200,000.

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    Two flies one pitcher. Minus the crap eating. obregon562's Avatar
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    its not a good idea, but doing nothing is even worse. If you let the big banks die and wall street plumets, all the BS about "GD2" (great depression 2) is going to come true. Its all a cycle. The market goes up and down. We just need to ride the down through, with our heads out of our a**, and not stuck in the ground ignoring the obvious.
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    rattler's Avatar
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    watch the value of a dollar plummet.........all they are doing is printing more money with nothing to back it up but the word of the government.......all they are doing is postponing the inevitable.....bet the whole thing still crashes with in the next decade........

    HOWEVER you could also look at it this way.......what the government is doing is buying up property for 30 cents on the dollar........there isnt anywhere in the US where housing prices have dropped 70%.........personally, if i had a couple million bucks to invest i would be interested in picking up a bunch of property for that price cause i should be able to double my money inside 10 years......even if i had to sit on it for 5 years i would still make out like a king....
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    Doing it wrong until I do it right. xvart's Avatar
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    I saw on the news last night that it will cost each person in the US (man, woman, and child) about $2,500, if I remember correctly. It certainly is going to drop the dollar even more so than it already has...

    xvart.
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    swords's Avatar
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    I saw on the news last night that it will cost each person in the US (man, woman, and child) about $2,500, if I remember correctly. It certainly is going to drop the dollar even more so than it already has...
    That's only 10-12% of my yearly salary, that's a fair enough tithe to keep a failing enterprise going, no?
    It makes no difference to the government that I'm neck deep in my own debt, they have no vested interest in us the people and they emphasize it more everyday.

    How many sick, homeless and hungry people would that $700 Billion take care of in the USA?

    And WHY is it better to help Wall Street (who is not guaranteed to recover even with the bailout according to analysts) than help people?

    In our much touted "culture of life" the values of compassion and charity only seem to apply to the unborn. I get the sense that after birth "You're on your own jack. Don't look for any handouts (help), but once in a while we'll come round and ask for some from you".

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    Don't eat me,... Mr. Flytrap thbjr's Avatar
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    Wall Street bail out cost

    Well, I was courious about just how much it would cost me, as a tax payer, for the proposed 700,000,000,000 (700 billion) Wall Street bail out. So I did a Google for 'US population'. The top hit is from www.cia.gov..... and stated that the US population estamate for July 2007 is 301,139,947. Now I don't know if all of those citizens are of tax paying age, but I took that number and devided 700 billion by it. The results is that it will cost ever one of those citizens an additional $2324.50.
    So for my house hold of 3, thats almost an additional $7000 in taxes. All so, IMHO, those CEO's can continue to collect their over bloated paychecks.
    Tom

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