Comments on: House Bails Out Wallstreet With A Bill

By: Candy

Candy — Fri, 03 Oct 2008 23:18:44 +0000

I just read up on this today at work.

This bailout is NOT going to get us out of a recession.

This bailout is to help Corporate America so that they will forever be indebted to the players out in D.C. and D.C. will expect to continue to get $$ from them…business as usual, if you will.

This bailout is to prevent the crisis from getting worst.

Keep in mind, the recession will happen because the bailout will NOT stop the recession from becoming full blown.

Unemployment rate on paper is about 6% give or take, but, if you were to include those that gave up on looking for a job (GAVE UP), the percentage is around 9% give or take. That is a lot!

So, if you understand how economy works, you’ll agree that we are going to go into recession, bailout or not. I think we’d be better off without a bailout. But, hey…shit happens.

By: White Ghost

White Ghost — Fri, 03 Oct 2008 18:58:16 +0000

Shut-up, the ARMs along with the interest rates, right?

By: Paotie

Paotie — Fri, 03 Oct 2008 18:56:05 +0000

Ann ..

Damn straight!

Paotie

By: Ann_C

Ann_C — Fri, 03 Oct 2008 18:47:59 +0000

It’s also not called a “bill” for nuthin’– it’s a bill, allright, like another IOU that Congress sticks onto taxpayers’ backs. A bill that may as well say, “kick me”, for the stupid idiots we are to take on other people’s credit crunches.