-- Posted by Forever Angel at 8:10 am on Nov. 20, 2008 Wow, no wonder this guy lost. The first words out of his mouth...  Unfortunately, he probably is only saying out loud what many of his colleagues truly think in private... -- Posted by Quantumleaper at 8:11 am on Nov. 20, 2008 i dont completely understand the bailout shit but doing NOTHING would of been the right thing to do -- Posted by scalywag66 at 8:18 am on Nov. 20, 2008 Basically, generations from here on forth will be paying the bailouts that were recently passed through our taxes.   We've been duped again while the people on Wall St who created the problems, laugh their asses of to the banks. It is a system that is far beyond anything close to fair. -- Posted by Chava at 8:32 am on Nov. 20, 2008 I don't even see the need for the stock market. I've never really gotten how it all works. But I think if they've dug themselves a pit they should lay in it. I don't need my hard earned money going to bailout millionaires who should've been smarter with their money in the firstplace. -- Posted by Forever Angel at 12:20 pm on Nov. 20, 2008 The point of this topic is not so much about the 'bail-out' itself, but the attitude of the Congress about the money it's "giving" away and whose money it is. -- Posted by obvious child at 12:29 pm on Nov. 20, 2008 As I understand it, a fair amount of that money is simply going to be printed to meet the demand. There's a reason the dollar tanked right after the bailout was announced. Another step towards hyperinflation. -- Posted by Forever Angel at 1:50 pm on Nov. 20, 2008 Quote: from obvious child at 2:29 pm on Nov. 20, 2008 As I understand it, a fair amount of that money is simply going to be printed to meet the demand. There's a reason the dollar tanked right after the bailout was announced. Another step towards hyperinflation. Does that make it "the government's money" and not ours (the people's money)? Not even addressing the inflation problem. -- Posted by obvious child at 11:04 pm on Nov. 20, 2008 Quote: from Forever Angel at 11:50 am on Nov. 20, 2008 Does that make it "the government's money" and not ours (the people's money Technically yes. The problem with fiat money is that it is fiat. Governments have abused this principle for decades. Personally, I'd rather have the TARP funded by borrowed money then printed. -- Posted by pegger21 at 11:07 pm on Nov. 20, 2008 Quote: from Chava at 10:32 am on Nov. 20, 2008 I don't even see the need for the stock market. I've never really gotten how it all works. But I think if they've dug themselves a pit they should lay in it. I don't need my hard earned money going to bailout millionaires who should've been smarter with their money in the firstplace. the stock market is a generally sound product of the financial system -- Posted by tkster at 11:04 am on Nov. 21, 2008 Quote: from obvious child at 2:29 pm on Nov. 20, 2008 As I understand it, a fair amount of that money is simply going to be printed to meet the demand. There's a reason the dollar tanked right after the bailout was announced. Another step towards hyperinflation. We are rapidly approaching the Republic of Weimar. And yes, I am not surprised of their attitudes towards money.  Since the U.S. debt is over $10 trillion, there is a point that a large percent of "our money" is not "our money" but rather leverage.  Thus if there isn't interest being earned on "our money" (through our production), there is a right that other countries have of taking it back.  This is what we're up against: other countries have massive investments and our work is what pays their interest - if we have higher unemployment and companies go under, then they can pull back their loans and we flip the bill (I believe with the national debt where it is, every citizen owes at least $40,000.00 if we were all forced to pay it back). This goes back to economics, but in a sense, the system in place - and that has been in place for many years - is a disaster.  For a long time we were a productive country so there was little risk, but now that we're a country of greed and lack of knowledge, our rating is a step from being slashed and the U.S. dollar will fall. Sadly, the little man and woman will be the one who is most negatively impacted. tk