What happened to Obama and the whole "YES WE CAN"

maybe you can explain how to fix the economy?

i'm not an obama supporter (voted mccain) but i think he's right in expressing the sense of urgency. we are pretty fucked.

I don't think you understand politics and whats happening right now... like the wise say don't try to act like you know something when you don't just makes you look bad. No offense i'm no way politic type of guy but he was elected for a reason, the people there are going to try their best to do what they can. If you really were as smart as you think you are you would be trying to get in the government, senate , and all that supporting and changing things from the inside type of deal and getting involved instead of ranting on a forum based on fashion.

The problem with what's going on right now is that all this money was approved for banks, etc. and they used it to PAY THEMSELVES. Instead of using it to recoup their businesses and begin approving loans for people again, they paid themselves. This did NOTHING to improve the economy as there's still no money in the hands of people who will actually go to the mall/walmart/Hyundai and SPEND IT.

This means that companies will still be closing down, laying off workers, and sending the economy even farther down the shit hole. Until they figure out a way to get businesses going again and people spending again, we're fucked. That has NOTHING to do with Obama. That has to do with the bigshot banks doing what they do best- being greedy and taking care of themselves first.

i liked how he told us that we could expect washington to be bipartisan as long as the republicans agree with pelosi/reid/obama otherwise he isnt interested in talking to you

When was the last time you paid attention to unbiased news sources?

Ever since the second Roosevelt congress has been all about pocket padding people pimps.

Last I checked Obamarama was the biggest champion of the first bailout package, so saying it has nothing to do with Obmamarama is just more head in sand philosophy that the current democratic party loves so much.

Did rahm emmanuel email you that post?

the bank bailout is a terrible topic to talk about because very few of us actually knows whats going on, fuck even the government doesnt know whats going on. and because of this we can only speculate or rehash what is being told to us by the media. it really takes a degree to have a view that is even vaguely accurate.

Its not just the banks. There are many factors involved. If you do a little research on Barney Frank and Chris Dodd it becomes obvious that its more than just greedy banks. Its more than just those two guys but they should both be in jail. It is much deeper than what the media tells you.

This bill will only prolong the whole thing. It is a spending bill not a stimulus. It was wrong when the last president tried to push it and its wrong now.

There was nothing wrong with the FIRST bailout package, other than the fact that there was absolutely no regulation as to where it should go once it's back in the hands of the corporations and banks who fucked up to begin with. Giving their CEO's millions of dollars in bonuses is fucking asinine when you're trying to pull us out of the worst economic slump in years.

I don't think there's any "head in the sand" about it- how would you propose stimulating the economy again? Are you one of those that thinks we should just let it right itself, no matter how long it takes or how many more people could become effected by all of this? I'm curious as to what you think would work.

You are right and people who listen to the media and believe all they say are simpletons.

You didn't ask me but this is exactly what we should do IMO. We would get out of this much quicker. This whole thing stems from people buying what they could not afford, and banks gladly giving loans to peope that couldn't afford them just to make a buck.

I know it's much deeper than the media, and I think there's a reason for that... I agree with Sergio that we have no idea what the hell is REALLY going on. What I CAN tell you is that I have friends who can't get restaurant jobs right now. A friend of mine with a degree in medical billing/coding whatever is taking a second job at Wal-mart to make ends meet. My husband works for the state of Colorado as a Criminal Defense Investigator and his department is being seriously downsized- he's having to re-submit applications and information verifying his "contribution" or whatever you'd like to call it, in order to keep his job. And we don't know if that will keep him from losing it. If you've been able to walk out of this untouched, then that's great- but there are lots of people suffering from this, it's much deeper than some people think.

Sultry, from what I learned in macroeconomics in college, creating spending IS creating artificial stimulation in the economy. What other way is there to stimulate? I mean, I would think in just the basic sense, that if people have more money, they will spend money, which would at least support the jobs that are still being utilized going.

What makes you think we'd get out of it quicker? I honestly don't understand the logic in that at all. I'm not trying to be a bitch, I just don't get it!

And regardless of what it stemmed from, EVERYONE is suffering now. We certainly weren't out buying things we couldn't afford, but let me tell you, it's gotten a lot tougher to budget the same things that we did a year ago, now!

yeah... this really needs to be headed off at the pass, before it spirals out of control. i really cant believe people are playing politics at a time like this

to be honest i kind of want everything to go down in the shitter, so that way we have a real mandate for societal change.

^^This is part of the problem and that is why it will fail.

They are just making more debt that we have to pay later. Printing money won't make it go away either. One of the problems with the bill is the amount of pork in it and another is that people like the above poster want to use this situation to mandate social change so everyone can be "equal". Only a tiny bit would go into the economy right now anyway. Its not as it seems.

Search Results - THOMAS (Library of Congress)

I never implied that you spent money on anything you couldn't afford but others did and now the shit is falling down on all of us.

I am not an economist and a lot is hard for me to understand too but this much debt is never a good thing so I don't agree with it. We can't just keep printing money because it will be worthless.

I know you weren't implying that I personally did that, Nicole. I'm just saying that it's spread way father out than I think anyone anticipated. It's honestly really scary for us right now and that's a place I've never been in before. Printing more money isn't a solution either, that's what leads to the dollar losing even more value- there's nothing there to back it up.

The point to me is that people who WANT to work should have that opportunity. At this point, it doesn't matter if you have a degree or not (unless it's in medicine/law/etc)- jobs are dwindling and it scares the fuck out of me. Especially having kids now, it's really scary to think about paying for college eventually and all the things that come in between.

One of the things that needs to happen is more money to fund state government. For example, Colorado is going through serious cutbacks in pay for state appointed lawyers- defense lawyers, and the alternate defense council, etc. Because of that, people who do a lot of the grunt work for the defense attorneys, i.e. criminal defense investigators- are being cut back. This is something that is already affecting our local economy in that there are many, many more defendants who are firing their attorneys and filing appeals for their cases based on the quality of work. When you have to keep wasting months and months of state money on a case that gets tossed into someone else's hands, they have to start ALL OVER and bill for all of the things that should've been done the first time, again. It's a huge waste of money and that will only get worse. If they keep cutting down jobs like that, eventually it will get to the point where no one is getting a "fair trial" in their opinion and we'll be paying for a case to be continued up the asshole.

I know I keep returning to Danny's job, but it's the easiest for me to explain because I understand it better than some of the other examples I hear.

It is so hard for me to read anything in this forum any longer. The tiny text strains my eyes so bad that I just can't come here much of the time. Sad thing is that I have 20/20 vision. Oh well, I read as much of your post as I could.

I see what you are saying. There are a whole lot of issues that have come together into the perfect storm so to speak. It is corruption at the highest levels of government and banking but also the fault of so many that tried to live too high on the hog. IMO this should not fall on our children and grandchildren and that is what will happen. I can't say much about what banks and the government do because I can only vote and bug the shit out of my representatives.

I don't know about the right to work. I would not consider that a right as I am Libertarian. I do believe that US Citizens should have the right to work a certain job before its given to an illegal alien. This is a bigger problem than what most people know.

I've got family in this shit as well. My sister in law lives in a 1.8 million dollar home in the Denver area and they are going through foreclosure. They should never have been able to take out the loan on the property but her husband built it (owns a construction company). They started with a nice home of about $400000 and just kept building bigger and bigger homes and then the bubble pops. They would have been fine had they kept the smaller home but just got greedy without having a back up plan. This is kind of an extreme case though. I know people are having a much harder time.

Sultry, for someone who denigrates any argument which requires a lot of typing, that's a pretty long post.