Bush Wants to Spend $700 Billion in Bailouts

[Flex]

http://money.cnn.com/2008/09/20/news/economy/bailout_proposal/index.htm?postversion=2008092009

Bailout proposal sent to Congress seeks authorization to spend as much as $700 billion to buy troubled mortgage-related assets.

 

[Tech]

Bush/Cheney '08


for teh epic lulz.

 

[Flex]

Bush/Cheney '08


for teh epic lulz.

He's only put our country in 6 trillion dollars of more debt in less than 8 years. Not too shabby.

 

[Zigurd]

Don't beat around the Bush, or your economy will get FUCKED.

 

[Mygeeto]

its going to get worse

 

[Ryeland]

its going to get worse

Yeah it is, but if handled right it could get better after that.

Bailing out wall street after they blatantly fucked over most of north america will breed nothing but more corruption. You can't tell me these investment firms didn't see this coming, its called "sub-prime" for a reason. No, the firms were well aware of what was going to happen, but in the short term they made an assload of cash, got some great bonuses at everyone's expense.

This bailout is rubbing salt in the wound. Let the idiots get hung in their own noose. If this bailout goes through a worse crash is coming, inflation increases. Things will be terrible in the near future, that is inevitable now, however it is often said that a depression is a redistribution of wealth. Hopefully if the corrupt system is allowed to kill itself like the cancer it is things will get better after that. People need to change their spending habits and need to invest properly.

Americans should all be very pissed about this plan, it will screw everyone over completely.

 

[Mygeeto]

thats the general idea i had in mind. the more people who wake up to the corruption in the government, the more likely they will make propper decisions and make a stand against the Zionist* and Neo-Con controlled American government


*i think thats what Jewish Supremacists call themselves anyway.

 

[Ryeland]

thats the general idea i had in mind. the more people who wake up to the corruption in the government, the more likely they will make propper decisions and make a stand against the Zionist* and Neo-Con controlled American government


*i think thats what Jewish Supremacists call themselves anyway.

It is, but I don't believe they are behind all of this. The use of religion as a motivation for events such as these or other atrocities is a cover. This is just unmitigated greed and lust for power.

Its time for real patriotism, supporting a corrupt government is not patriotism. Unfortunately the population is too busy with their HDTV's to worry about it, well they were too busy till they can no longer afford those things.

This crisis has the potential to be great for America, i really hope some good comes of it and people wake up. You cannot implicitly trust your government, the checks and balances have slowly been removed by the bush administration. Wall street is just a much more visible crisis that hits much closer to home for most people. The deregulation and corruption on Wall Street so closely mirrors the attitudes of the whitehouse lately that it would be comical if it wasn't so terrifying.