Comments on: The United States of Bailouts

By: Ted Sherman

Ted Sherman — Fri, 14 Nov 2008 20:32:41 +0000

Elizabeth,

I am not for these bailouts but we must remember some important facts.

Everybody is talking like this is just a bad recession. It isn’t. It is a government created recession. It started with Fannie and Freddie. Everything that has collapsed stems from that mess. Would retail chains be hurting if it was not for this or would the cities be hurting for money if banks didn’t have any of these toxic assets? The car companies I hate to tell people were making cars the public wanted up until the oil crisis that put gas at $4.00 a gallon.

I don’t like this bailout, but we have to be cognizant of the underling reason for the mess. President Bush is trying to do the best he can under circumstances he tried to warn us about.

You should have Frank, Dodd, and the other democrats on air and ask how they sleep at night for the mess they helped create. You business anchors now the right questions to ask so ask these criminals. NOW!!!!!!!!!!!

By: Ken Kesler

Ken Kesler — Thu, 13 Nov 2008 18:21:03 +0000

Let’s drop back a moment. The ONLY culprit in all of this is the US Congress. They voted (were bribed) in 1977 and again in 1999 to destroy Glass Steagall and then encouraged mortgages be made available to anyone regardless of their ability to pay. To be sure this was taken advantage of but they only did what congress encouraged them to do.

Solution: Never, ever vote for an incumbent politician again.

Secondly there has not been one word about what would happen if we just did nothing and let capitalism run it’s course. The Gvt is living proof of the “Law of Unintended Consequences”. They just do not understand that you cannot “help” in one area without hurting something else.

By: TERRENCE

TERRENCE — Thu, 13 Nov 2008 18:05:32 +0000

This story made me feel woozy. Wonder why GM is losing “billions”?? Would you believe that 12,000 workers who were “laid off” and replaced with robots on the assemsbly line are/were still being paid. Nice union benefit, eh? They were paid $73 per hour (which included the monetary equivalent to their “benefits”). Do the math, and you can see why GM must declare bankruptcy, evict the union thugs, and rebuild a legitimate organization. Many of those “poor” workers, may find employment when a better company emerges. Maybe all Americans should declare bankrupcty too and wait for “our bailout plan”. What a disgrace! How could we have fallen so far down this slippery slope? Why do I sense the coming of a new American revolution? God help us….and for all of those who defy His existence, just keep waiting for our new and bigger government to help you.

By: Randy

Randy — Thu, 13 Nov 2008 17:00:15 +0000

EMac,
Weren’t you one of those preaching about how important this Capitol Infusement was? About how people against this were wrong, and would smirk every time someone(Cody) had something negative to say about this Handout, Bailout, Robbery, which you said was a Loan/Investment (?) to buy Distressed Mortgages and sell for a profit later.
THIS IS, this is why I was against this Handout, Bailout, Robbery from the beginning. You agreed that the Tax Payers should foot this bill. Did you really think it was a One-shot deal? What did you think was going to happen with Big Government? I want the Fed to stop printing money for these companies! This is criminal and you were on board from the beginning.

Save your victim speech for those less attentive and gullible.
Randy

By: John

John — Thu, 13 Nov 2008 16:26:12 +0000

This is what happens when you have an ever growing government that has become so big and vested to the minorities that it cannot manage anything but SPENDING MORE. Get ready to hang on – cause in late January it will start getting worse.

This is getting so ingrained in our society that the only solution may be R2, should we, those that pay for it all, desire to do that.