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Thread: U.S. Taxpayers Risk $9.7 Trillion on Bailouts as Senate Votes

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    Re: U.S. Taxpayers Risk $9.7 Trillion on Bailouts as Senate Votes

    No, loons.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: U.S. Taxpayers Risk $9.7 Trillion on Bailouts as Senate Votes

    Quote Originally Posted by Reverend_Hellh0und View Post
    Wow..... This is amazing.... Unfathomable.
    REV, I absolutely agree with you. I started useing a multiplier of x2 (while watching the news, on economic stim) a few weeks back. I can see now that I`m going to have to get out some exponents and a calculator.

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    Re: U.S. Taxpayers Risk $9.7 Trillion on Bailouts as Senate Votes

    Quote Originally Posted by American View Post
    No, loons.
    OK... They are quite loony. BTW a money whore would be," one who is idolatrous of money". No offence intended, Just my effort at an accurate characterization of those who brought it on and continue to deepen it.
    Last edited by Rodney; 02-09-09 at 09:39 PM.

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    Re: U.S. Taxpayers Risk $9.7 Trillion on Bailouts as Senate Votes

    I think that all offshore banking should be stopped.
    All the accounts should be looked at and see if any of our politicians and their cronies or family members have accounts, and how much is in them.
    I have a good feeling that a lot of money will be siphoned off.

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    Re: U.S. Taxpayers Risk $9.7 Trillion on Bailouts as Senate Votes

    Quote Originally Posted by rudedog View Post
    I think that all offshore banking should be stopped.
    All the accounts should be looked at and see if any of our politicians and their cronies or family members have accounts, and how much is in them.
    I have a good feeling that a lot of money will be siphoned off.
    RUDEDOG for POTUS

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    Re: U.S. Taxpayers Risk $9.7 Trillion on Bailouts as Senate Votes

    Quote Originally Posted by Rodney View Post
    REV, I absolutely agree with you. I started useing a multiplier of x2 (while watching the news, on economic stim) a few weeks back. I can see now that I`m going to have to get out some exponents and a calculator.


    "We're Gonna Need a Bigger Boat"





    You know it is funny how I get attacked in all my Obama threads as being petty, yet these same people are always missing in threads like this.....
    Last edited by ReverendHellh0und; 02-10-09 at 08:28 AM.
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    Re: U.S. Taxpayers Risk $9.7 Trillion on Bailouts as Senate Votes

    Quote Originally Posted by Reverend_Hellh0und View Post
    "We're Gonna Need a Bigger Boat"





    You know it is funny how I get attacked in all my Obama threads as being petty, yet these same people are always missing in threads like this.....
    Well, you can not be petty without being a hysteric. The bailout and stimulus are indeed a lot of money, but certainly nowhere close to $9.7 trillion. The way this thread is presented is apocalyptic and a half-truth at best. That figure would be if every single company defaulted (in which case our economy would have much bigger problems than an extra $9.7 trillion in debt). We're undoubtedly going to get most of that money back. In a best-case scenario, the government might even turn a profit from the bailouts as they did in the 80s (although that's probably unlikely).
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    Re: U.S. Taxpayers Risk $9.7 Trillion on Bailouts as Senate Votes

    Really so we are not risking 9.7 trillion? that is a "half truth"?



    Please, this porkzilla bill is going to hurt us worse than not doing anything. it's time to look at the costs.
    Let evil swiftly befall those who have wrongly condemned us

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    Re: U.S. Taxpayers Risk $9.7 Trillion on Bailouts as Senate Votes

    Quote Originally Posted by Reverend_Hellh0und View Post
    Really so we are not risking 9.7 trillion? that is a "half truth"?
    Only in the sense that any time we do anything with money (including store it in the bank or in a mattress), we're "risking" it. Most of that money will certainly be paid back with interest.

    It's funny...you could've made your point using a PLAUSIBLE number and the dollar amount would still be large enough to impress most people. But no, you had to go the hysterical route instead.

    Quote Originally Posted by Reverend_Hellh0und
    Please, this porkzilla bill is going to hurt us worse than not doing anything.
    Unlikely. Nothing is as bad as not doing anything. This bill could end up being either a slight loss or a huge gain, but doing nothing will undoubtedly be a huge loss.

    The government needs to spend, spend, spend right now. Consumers and businesses have already stopped spending. If the government ALSO doesn't spend, then who exactly IS spending? That would prolong and deepen the recession because there would be no market for much of anything, and therefore massive layoffs.

    Quote Originally Posted by Reverend_Hellh0und
    it's time to look at the costs.
    Sure. There are plenty of things in the stimulus package not to like, and I'm sure you have a laundry list. The bill isn't perfect and it never will be, but that's not a valid reason to oppose it. Overall the bill is a huge improvement over the status quo.
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    Re: U.S. Taxpayers Risk $9.7 Trillion on Bailouts as Senate Votes

    Quote Originally Posted by Kandahar View Post
    Only in the sense that any time we do anything with money (including store it in the bank or in a mattress), we're "risking" it. Most of that money will certainly be paid back with interest.

    It's funny...you could've made your point using a PLAUSIBLE number and the dollar amount would still be large enough to impress most people. But no, you had to go the hysterical route instead.

    yeah.... uhm... I didn't right the article. I simply posted it and followed the breaking news guidlines for posting.....


    FAIL......




    Unlikely. Nothing is as bad as not doing anything. This bill could end up being either a slight loss or a huge gain, but doing nothing will undoubtedly be a huge loss.

    Really? you do know there is what already been a 700 billion bailout, now another what 895 billion porkzilla bill.....

    What is our current national debt? what will it be after this?

    How much has the Iraq war cost us thus far.


    Gee I really wish that if i got behind on my mortgage, the bank would give me a huge additional loan for me to pay that loan with,.


    The government needs to spend, spend, spend right now. Consumers and businesses have already stopped spending. If the government ALSO doesn't spend, then who exactly IS spending? That would prolong and deepen the recession because there would be no market for much of anything, and therefore massive layoffs.

    Wrong, in order for capitalism to thrive, there needs to be some failure. the creme rises to the top.


    throwing money at bankers, automotive, and pet projects will do little to stimulate anything. The market will correct itself.





    Sure. There are plenty of things in the stimulus package not to like, and I'm sure you have a laundry list. The bill isn't perfect and it never will be, but that's not a valid reason to oppose it. Overall the bill is a huge improvement over the status quo.


    it IS the reason to oppose it. it will deepen this recession, and it will force Obama to raise taxes.
    Let evil swiftly befall those who have wrongly condemned us

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