Republicans choose depression

[mudesi]

And shame on every Democrat who voted no on this bill.

If the government doesn't act, another great depression will be upon us. Like usual, the government doesn't seem to care.

They're rich, you see. They'll be fine.

[Venceremos]

1. Oh for christ's sake

calm down.

[mudesi]

4. I guess you have job security

A lot of other people, though, don't.

[SammyWinstonJack]

6. Can't do that. It's more fun running around with our hair on fire, instead of letting cooler heads

prevail, don't you know? :silly: I likes me some smoking gun=mushroom cloud. :evilgrin:

[PM Martin]

2. I agree. Not a perfect bill, but

it was better than what Bush and your Treasury Secretary wanted.
This bill needs to be passed. We CANNOT wait until January.

[Mz Pip]

3. I'm not a conspiracy theorist

but it almost seems like they know they will lose big in Nov and want to leave the biggest mess possible for Obama and the Democrats. Call me cynical but it just stinks too much for me not to be.

[Renew Deal]

5. Please tell me chicken little, how would the bailout prevent depression?

:shrug:

[pnutbutr]

8. credit

It would put money in the hands of banks to provide credit, loans and investments and keep the economy moving. The fiat monetary system in the US relies upon those things in order to work. Without them it falls. By not passing the bailout the banks have little to no ability to offer credit and the economy stops and falls right into a depression.

[SammyWinstonJack]

10. So what is too prevent these crooks for pulling the same crap again?

Bailed out by the taxpayers with no oversight and no regulation, you think they won't try this again?

[mudesi]

13. Nobody LIKES the situation

It's a choice between bad and worse, and today the politicians chose worse.

[Renew Deal]

19. That's not the choice

The choice is between delaying worse and worse.

[pnutbutr]

14. um

I thought the bill had oversight and regulation in it which is why it was primarily rejected by the republicans.

Plus, can you honestly tell me that banks want this to happen again and would welcome a failing economy? Didn't think so.

[Renew Deal]

17. OK, so what happens when the $700 billion runs out?

[Chisox08]

7. The sky is falling! The sky is falling! The sky is falling!

Nobody voted for a depression. The Dems who voted against it (way to go DK), voted against the robbery of the Treasury by the Bush administration. It doesn't help anybody but the rich. Don't be fooled by what you hear on TV.

[pnutbutr]

9. fooled

Looks more like we were fooled by people who have no understanding of the situation other than the drivel you posted.

[Chisox08]

18. Who is this bailout helping?

Who is overseeing where this money is going and who gets it?
Wallstreet is already looking for ways to profit from this mess. Instead of bailing out wallstreet bailout the people. Use that money to start work programs, fund health care for all Americans. Then you allow people that are holding these bad mortgages to renegotiate their mortgages down to something that they can pay. Thus keeping people in their houses and allowing banks to get paid. Trickle down doesn't work it never has. This bailout is nothing more than trickle down. So go ahead and support this robbery and when the real depression hits don't look for any help from the government because the government will not have any money to help.

[pnutbutr]

22. no idea

It is bailing out the people by providing money to the banks to resume lending and provide credit which is what makes our economy work. The fiat monetary system we use relies on this. If we just give the money to the people and let the banks fall it does nothing for the people except provide them with worthless money when the economy falls and inflation skyrockets.

[natrat]

11. it's completly ignorant to buy into the politician generated hype

this bill sucked-it put an unbelievable amount of power into the hands of a very few people, let alone bailing out people who ought to be but in jail

[Naturyl]

12. Wall street bullies are scaring you.

[pnutbutr]

15. 700+

point drop is just a scare tactic because they like losing money. :eyes:

[Renew Deal]

20. Not even in the top 10 worst days

And there wouldn't have been a 700 point drop if the market wasn't artifically inflated last week.

[pnutbutr]

23. confidence

Confidence in the availability of creidt plays an important role in our economy. By declining to pass the bill it reduced confidence and we saw that reflected in the market.

[mudesi]

16. Ignorance won't help you here

When banks stop lending money, investment dries up. When investment dries up, the economy dives. Do you realize that the conditions today are almost 100% in step with the conditions of 1929? The government didn't do anything back then, either.

[Chisox08]

21. This whole thing starting to look like the IWR

Pass this bill or the economy will fail, and trust me to do the right thing! Just like the IWR it was being rushed through Congress under a threat of something happenning and Congress folded under the fear of losing their jobs. This time the fear tactics didn't work.