More comments to the same person as before:
Another thing that I feel is important:
By creating another $700 billion out of thin air, in addition to the
$630 Billion they created the day before yesterday (are you aware of
that?...without anyone's consent, they did that), you are depreciating
the value of your dollars to save the credit industry that got us into
this mess in the first place. It's not going to solve anything because
it will only drive up inflation, excessively. So, now, the price of
everything is going up, (most likely will triple before all is said and
done because of hyper inflation), but, Jon, where is your income going,
what direction?
Who gives a rat's butt if you can or can't get a loan at that time
because guess what? Based on your income to cost ratio, you're not
going to be able to afford it anyway.
Also, libertarianism is not something you can subscribe to and then
just leave. Libertarianism is a belief; it's an understanding of what
is. I'm a life-time republican who is discovering that my principals
fall in line with the libertarian belief. I am constant, and stick to
my principals. I'm not a wishy-washy sort of person who jumps from one
bandwagon to another because of my emotions or my personal financial
situation. I am fiercely independent and I live to do what is right
for all. I am the least selfish person you will ever come in contact
with. My opinion and perspective come after great contemplation,
tremendous unbiased thought, and incredible amounts of research. I try
to always make certain I know exactly what I am talking about. It is
never about me. It is always about what is right and what is best for
everyone. That makes all the difference in the world in deciding what
is best for the next 7 generations to come for that is who will be
affected by the extremes of this mess. It will be far worse for them
than it will be for us
Paulson, Bush, Obama, McCain, Wall Street lobbyists, and a slew of
others have one goal - TO PROTECT THEIR INTERESTS. That $700 Billion
will NEVER make it to the credit market allowing for you and me to
obtain a loan that we would not otherwise have received. It will be
absorbed by the top of the pyramid and if you think otherwise, my dear
friend, you're not understanding the magnitude of those at the top of
the pyramid and how and where that money will go first. They are
THIEVES attempting to raid the national treasury and you are advocating
for them to do so. Shame on you. I still love you and I think you are
great but shame on you for promoting such a horrible thing.
Innocently or not, ignorance is no excuse.
Please, take a little bit of time to learn about the Derivatives
market. Once you do, you will learn that this $700 billion is an
effort to line THEIR pockets before everything crashes just as it was
to bailout AIG, Fannie Mae and Freddie Mac. Those three institutions
were bailed out because of the DERIVATIVES. Don't get sucked into that
MSNBC crazy think. I watched Suzie on Larry King the other day and her
crazy rants about credit, credit, credit. She's wrong, John. Just
like those FAUX News bubble heads who were bullying Paul Schiffer,
those idiots are all wrong.
They're wrong because they're not thinking about what is best for the
country and the entire country's economic system because they don't
understand it. All they have learned through their financial
experience is how to make money for themselves. They're thinking about
what is best for their own pockets without realizing how terrible that
is for our country. That is where so many are going wrong. It's not
about each of us, it's about our Country and the nation as a whole and
saving our dollar before it's gone. That is the real issue. The $700
billion won't save our dollar; it will ENSURE that it fails.
4 comments on It IS a Bailout Continued...
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Good points, Laura. That is why I advocate taxing every stock market transaction to repay this debt rather than forcing the American people to repay it. It is going to happen, so the best we can hope for is not to leave that additional debt for our children...and let's get the hell out of Iraq. That is costing us 3 billion a day.
We have a $1 TRILLION dollar oversees budget and we need to END that and bring EVERYTHING home - our Troops and our money.
I just read a few minutes ago a Cindy Sheehan article and she, too, advocates taxing every stck transaction. I'm not sure where I stand on that particular issue, I'd have to study it a bit more first.
We have an excessive annual oversees budget of 1 Trillion a year. By elminating that unnecessary spending of ours, and putting it to use to build our own individual local economies and maintain and build infrastructure that is so desperately needed, we would, in a relatively short period of time, once again become the foremost massive industrialized and wealthest nation on the planet. Only this time around, because we are willing to learn from our poor choices and sour mistakes, we would know what NOT to do.
I have great faith in the American people. I'm just waiting for them to wake from their slumber.
Guess I repeated myself on that 1 Trillion annual oversees budget. I didn't even realize that I made that comment 3 days ago. Well, at least I am consistent!