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Should The Government Spend Trillions To Bail Out Wall Street ?

Should Trillions Of Taxpayer Dollars Be Spent To Bail Out Wall Street ?


  • Total voters
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Terry Miller

New member
If it make a difference on whether our banks fail or not, no doubt. If it is a ploy to make every one happy, forget it. I am not smart enough to figure this one out. I'd put some very strick restrictions on the money. If you abuse it, you should go to jail. My opinion.
 

Ken Fenner

Fuckhead
Terry, I don't think anyone is smart enough to figure this one out. If anyone in government land had the wits, they would have precluded this crisis in the first place. I don't know the details of the plan but from the sketches I have heard coupled with Bush's little speech last night, it sounds like they are knee-jerk reacting. Bush spelled out doomsday. I appreciate his candor but I think he has now convinced many that it is time to panic. Can't wait to see what Wall Street does today. I mean we are only talking about the world's economy as well as the financial future of our country. Throwing out a half-azzed bail out plan that sucks out nearly a trillion dollars from the tax pool seems insane.

I think Obama is making a huge mistake trying to capitalize on this thing. He needs to get his rear end back to his job (the one he has, not the one he dreams about getting) and spend all weekend putting his money where his mouth is to create a reasonable bipartisan bill that adresses not only the current crisis but prevents it from happening again.
 

Chris Tucker

New member
If a business fails, and YOU buy it, you keep the good, and throw out the bad.
The wall street fat cats should not be bailed out due to their incompetence.

I am sick and tired of Bush ramming stuff down our throats.:(

Here is an email I received today.

On Wednesday, George Bush went on TV to sweet-talk Americans into letting him steal $700 billion of our tax dollars - $2,333 for every man, woman, and child - to bail out his greedy rich friends on Wall Street.

Today (Thursday) Bush will meet with Democratic and Republican leaders to finalize a deal that gives Bush nearly everything he wants, but nothing America needs:

The people who caused the problem or profited most should pay for it
Re-regulate to prevent this from happening again
Include Main Street in the bailout and invest in a new productive economy
Worst of all, it's another massive fraud. Bush lied to our faces when he promised to buy toxic securities "at their current low prices... and we expect that much, if not all, of the tax dollars we invest will be paid back."

Bull. This is the same administration that promised the invasion of Iraq would pay for itself through lower oil prices. The cost of that disaster is now $3 trillion and climbing, not to mention millions dead, maimed, or exiled.

So make no mistake: every penny we give Bush now will be used to greatly overpay for securities that will lose most of their value. We will pay the price for decades, which is why dozens of economists oppose Bush's fraud.

Democrats.com members have sent nearly 100,000 emails to our Senators and Representatives opposing Paulson's Plunder. But Congress is moving fast, so we must too.

Today (Thursday) there will be emergency afternoon street protests across the country. Please find the nearest protest and bring a sign and a friend:
http://tinyurl.com/3sh2cb

And call your Senators and Representative right now to say "No $700 Billion Bailout for Wall Street" - dial the Capitol switchboard at 800-473-6711 or 202-224-3121 or dial direct using the instant phone lookup on the right side of http://usalone.com

And if you have not emailed your Senators and Representative, please do it now:
http://www.democrats.com/stop-paulsons-plunder


Thanks for all you do!

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