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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
 
LeftyFingerPop Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-29-08 01:56 PM
Original message
Listen up...
It has nothing to do with the "rich" people.

The following people are going to be hurt:

Employees

Retirees

Consumers

Children

Those already unemployed

In other words, EVERYONE.

Got it?
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Tallison Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-29-08 01:58 PM
Response to Original message
1. Got it here.
This is so depressing. Constituents have to bone up on their understanding of economics and show their reps some support for this bill. .
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NJmaverick Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-29-08 01:58 PM
Response to Original message
2. Well said!
:applause:
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ingac70 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-29-08 01:58 PM
Response to Original message
3. So says Bush...
I need someone he didn't appoint looking at the situation.
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LeftyFingerPop Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-29-08 02:00 PM
Response to Reply #3
7. He didn't appoint me, and I'm looking at it...
If the market fails, it is over. Like it or not, IT IS OVER. If you don't understand why, then I can't even begin to explain it to you.
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Poll_Blind Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-29-08 01:58 PM
Response to Original message
4. 700 Bln. with little/no oversight- saving children, retirees? Who you think you're foolin' man? n/t
PB
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soulcore Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-29-08 01:59 PM
Response to Original message
5. And there were WMDs in Iraq too. n/t
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aquart Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-29-08 02:00 PM
Response to Original message
6. Here is what you don't get: that was going to happen ANYWAY.
And might well have happened faster and worse with that terrible bill. WE were not protected in any way. The oversight was meaningless. The mortgage protection a mere suggestion. AND NOBODY WAS ALLOWED TO QUESTION PAULSON FOR ANY REASON.

And you wanted to trust your life to that?
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aquart Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-29-08 02:00 PM
Response to Original message
8. Here is what you don't get: that was going to happen ANYWAY.
And might well have happened faster and worse with that terrible bill. WE were not protected in any way. The oversight was meaningless. The mortgage protection a mere suggestion. AND NOBODY WAS ALLOWED TO QUESTION PAULSON FOR ANY REASON.

And you wanted to trust your life to that?
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Naturyl Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-29-08 02:01 PM
Response to Original message
9. Panic!
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54anickel Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-29-08 02:05 PM
Response to Original message
10. Yes, but they are also the ones who would most benefit from being freed of the
Edited on Mon Sep-29-08 02:07 PM by 54anickel
oppressive system we currently are under. So while "we" will undoubtedly be hurt by a collapse, "we" also have the most to gain while the "powerful elite" have the most to loose.

Problem comes in with our selfish, "me first" culture. "I got mine, go get your own" is going to take on a whole new meaning and it's going to get ugly unless we can foster the notion of "enough for everyone" early in the game. Ideologies haven't been as important as they are right now.
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Yuugal Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-29-08 06:56 PM
Response to Original message
11. Listen up
My family and most people I know have lost ground the last 8 yrs and couldn't give a flying fuck about other people's 401ks and houses when we have neither. I see no reason why my kids should start their adult lives with even more of a crushing debt so other people can keep things they consider are above all us little people.

When rich people buy a clue and realize we need a stake in the economy too, then we can talk. Until then we will keep calling and writing against any sort of bailout.
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Indenturedebtor Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-29-08 07:27 PM
Response to Reply #11
13. You said it. Until they address stagnating wages and offshoring this is just robbery
We're in this mess because America has been collectively bent over for 30 years. Until they stop bending us over this is just more of the same.
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BuyingThyme Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-29-08 07:24 PM
Response to Original message
12. Weeezalllll gonna die!!!!
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jazzjunkysue Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-29-08 07:29 PM
Response to Original message
14. The bailout was not going to work: It would have made things worse.
Why Bail? The Banks Have a Gun Pointed at Their Head and Are Threatening to Pull the Trigger

By Dean Baker - September 29, 2008, 6:09AM

http://tpmcafe.talkingpointsmemo.com/2008/09/29/why_bail/

If you have a real story, you don't have to make up phony stories. That's pretty straightforward.
I've heard lots of phony stories. Much of the country's political and economic leadership has been running around raising the prospect of the Great Depression and a breakdown in the banking system (I actually had taken the latter seriously). These stories are absolutely not true.

There is no plausible scenario under which the no bailout scenario gives us a Great Depression. There is a more plausible scenario (but highly unlikely) that the bailout will give us a Great Depression. There is no way that the failure to do a bailout will lead to more than a very brief failure of the financial system. We will not lose our modern system of payments.
At this point I cannot identify a single good reason to do the bailout.
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tjwash Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-29-08 07:33 PM
Response to Original message
15. Um...I hate to break this to you.
BUT THAT'S WHAT THE FUCK THEY HAVE BEEN DOING FOR THE PAST 8 YEARS!

HELLO! McFLY!!!

Don't half the people here get that yet?

This bill, in its current state, is nothing more then an advance transfer of power, so that the same fuckheads who have raped and pillaged the United States and the world for the past seven and a half years remain in control after Bush* no longer serves as the official frontman for their con game. Got it?

The only fucking difference is, that now that it serves their best interests, they have instructed the media outlets that they own to publicize these atrocities, and to keep spreading the fucking fear. Go ahead...give them the fucking money, if you want to see America become Paulson's personal little plantation.

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LeftyFingerPop Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-29-08 07:37 PM
Response to Reply #15
16. It takes more than large letters to rattle me, sunshine...
Edited on Mon Sep-29-08 07:38 PM by philboy
Bank failure = stock market failure

Stock market failure = job losses, lack of credit, etc.

Job losses, lack of credit, etc. = fucked

You may not like the medicine, but if you don't take it, you will die.

Once the market crashes, it is over.

All the rest is bullshit.
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