An example of the stubborn refusal of Americans to admit they were wrong.

[Zhade]

In response to my missive that a poster here was wrong to praise the bailout's passage - a passage that was rendered moot almost immediately when credit lenders insisted the corporate giveaway wasn't enough to fix anything:

"Your ignorance is astounding. If your head wasn't so far up your ass I might actually have been able to explain to you why you're being so ignorant. But alas, it is, so I will not waste my time trying to explain to you how monumentally dumb and mentally limited your concept is.

I feel for you."

I'm not saying who this is, but I think it's an interesting study in the arrogant ignorance some in this country hold, to the point that they can't possibly see themselves as having been wrong on a major issue.

(Of course, unlike the coward who sent this and then blocked me, my inbox is open to the curious.)

[lostnotforgotten]

1. I Think The Bailout Will Come To Be Seen For The Monumental Mistake It Was Very Quickly

What I note is how few defenders of the bailout seem to be around.

It is as if they all disappeared.

[Zhade]

2. Hopefully they're thinking really hard on why they fell for this...

...especially after 8 years of lies from crooks.

I love people who can admit they were wrong. I sure have been! Sadly, I wasn't on this... or the WMD lies... or that the Patriot Act would lead to massive abuses like spying on Americans... and too many other things I wish I had not been right about...

[lostnotforgotten]

13. On Election Eve 2000 - I Told All My Friends That Bush Would Be The Worst President Ever

He has not let me down yet.

Sometimes one just has a gut feeling about things.

With Bush the gut did not have to work very hard.

[RC]

3. What good is $700,000,000,000.00 when $653,000,000,000 wasn't even noticed?

The so called bailout was just another theft from the US tax payer.

Instead of throwing money at them, we should be throwing them in prison.

Some of us are paying attention.

[Zhade]

4. So the question becomes, why do people keep falling for this shit?

And when it's exposed - in this case, so quickly - that they've been fooled, why do they insist they weren't wrong?

Why do humans keep fucking themselves over like this?!

[Mojorabbit]

9. Well most of Europe

is trying to bail out their banks too. I doubt it will work and one would think the world would convene a conference of the best economic minds around to figure a way to get us out of this mess. It seems Russia only needed to prop up one band and I have no idea what China is doing but they so far seem to be less affected than the rest of the world.

I think there is so much out there in exotic financial securities, maybe more than all the money available in the world? that nothing but a big crash is in the future. Maybe they thought it would infuse some sort of false confidence and get the banks lending again since the market seems to run on anything but logic. Don't think it is going to work this time.

[anigbrowl]

14. It would help if you weren't comapring apples and oranges

People throwing around the big numbers to complain about them seem not to appreciate that the money pumped in by the Fed has a very different purpose to that used by the treasury. It's not simply the case that 'money is money' and it's all just turning up at banks on wheelbarrows. With fed money, no assets are taken off the banks' books; it's a loan instead of an exchange transaction.

This has been pointed out repeatedly, but people still keep talking about these sums of money as if they were the same kind of thing. Maybe they think the treasury and fed are the same too. It's not possible to have a proper discussion when there's no consistency; it's like saying that your leg and your arm are both limbs, so an injury to your leg can be fixed by treating your arm.

[MadrasT]

5. The bailout was 100% unadulterated horseshit.

That is all.

[Zhade]

7. I'm no genius, yet I knew that too.

Why did ANYONE here fall for it?

[anigbrowl]

15. Deep analysis. I'm impressed.

[sandnsea]

6. Wrong because why?

What has happened in 2 days that indicates it was right or wrong.

[Zhade]

10. Right here...

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x3525474

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x4175387

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x4173181

That's for starters.

(And for the record, sandnsea is no coward, and not the one who wrote that laughable PM.)

[sandnsea]

11. Some are worried??

And that's proof of anything? That's the kind of garbage they usually use against Howard Dean. "Some say". Why don't we wait a few weeks to see whether we're in a depression or not before we decide if this was useful.

[azurnoir]

8. The ink on Bushes signature wasn't dry

before the announcement that the bailout would do no good unless housing market came back up or "healed it self", gee what a surprise-not

[undergroundpanther]

12. once you invest so much into a lie

it becomes more difficult to admit it IS a lie.

Philip K Dick was saying the truth,Yes, we are living in the New Roman Empire....

"I realize that for all practical purposes we are the indentured slaves,workers of the political (new roman) republican elite. Simply I enjoy no more real freedom than a "citizen" of Rome. That I have no more statistical chance of escaping my lot, as a historical analysis and simulation of the time would provide. In fact in many ways, this The Great Iron Prison is worse in terms of being even more under the control of the senate, and the imperial legions. Though I suppose I should offer some thanks, that I am at least seemingly a citizen rather than a slave, though the feudal term, subject seems more apt, as many of my brothers and sisters find themselves for all practical purposes as. Not doing as they wish, but as others, which is so wrong as it almost refutes discussion.

It makes my heart, that knowing this doesn't seemingly help, the revelation doesn't give the path to act, it doesn't suddenly somehow make everything alright. *What is worse is that some many people insist that they are free, repeating over and over like a mantra, placating themselves in anyway they can.*(like,say when they invest more and more into an ideology that does not help...)I don't know, how I know, but I know it doesn't have to be this way, that it could be oh so different. If only I knew how to nurture this into being, how
to share this with other people, not to scare them, not to make them feel down, but in a positive sense, that place we all seem to dream of can and should be.

Sometimes I think that maybe its here, that other place, some might call heaven, a state of being, a way of non-doing. Sometimes it feels that way,and if only I could make it last forever I would be doing my Great Work,making it all okay for everything, on the way to the promised land, that seems to be home, more real than the biological construct I was born into.If only I was rich and famous, if only I could turn on the world, maybe we would get there. If only I could complete anything I started, if only I worked harder, longer and faster, and didn't smoke as my dope, do more, less, optimally, eat the right things. If only I could absorb all the information in the world, consume everything, we could have real peace, a real world, without the unnecessary self-inflicted harm. If only you
could really change the world, and not merely labor under it. If only......"

Philip K Dick,Valis.

[TreasonousBastard]

16. Well, I didn't send you that and I am still in favor of the...

bailout.

Not jumping for joy over it, but understanding that something has to be done and the full effects of all of this aren't going to be known overnight.

Will those who are so cocksure this bailout is wrong be willing to admit to even the possibility that it helped if civilization doesn't end by his time next year?

[KG]

17. Gee, I Bet I Can Suss Out Who Sent That PM.

:rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl:

[Runcible Spoon]

18. hahah so can I

do we get prizes?

[TexasObserver]

19. All threads complaining about how someone treated them on another thread are LAME.

I know many of the pro bailout posters have been obnoxious, and since almost all of them lack even the slightest understanding of the talking points they mouth, that's particularly annoying.

Like the LIBOR rate. Not a one of them knows that it was higher a year ago than it is now. So why didn't the credit markets freeze up last year, if the LIBOR rate is a problem? It's that kind of ill informed argument that characterizes the vapid posts of the pro bailout crowd.

But why start a thread to complain you were maligned in another thread? Considering the things said here daily, the comment that you didn't like is somewhat mild.

[Bluebear]

21. It's a little declasse to PM somebody and then block them so they can't respond.

N'est pas?

[TexasObserver]

23. Respond to that person ON THE THREAD where the disagreement occurred

So someone gets a PM from someone else, and they can't PM them back? Why should I care? Why should anyone care? Block them, and forget it.

The fact that someone sent a hostile PM is not a reason the offended party should start a thread about it. Respond to that person ON THE THREAD where the disagreement occurred.

[Bluebear]

20. 'I'm not saying who this is' - - oh, you don't need to.

[depakid]

22. No one knows who's right or wrong on the issue yet

A few months down the, we'll be able to see.

Anyone claiming that "they're right" at the moment is in fact, ignorant and doesn't understand what the bill is designed to do.

By my reckoning, about 3/4's of the posts on GD contain outright misinformation- false statements of fact- and there's no correcting it, because just like Republicans, actual facts from credibile sources only makes them hold tighter to erroneous beliefs!