Bailout, Take II: What the Feds Do Next

A nation of debtors and projectors.

Come on now, Americans. We are a nation of debtors. Car loan debt, mortgage debt, credit card debt, trade debt(or deficit),business debt. Whom do you think all those big, bad ole banks are lending all of that money to? Not Venus and Mars. Look in mirror; it's we looking back at our over-indulged selves. I don't have a clue how to get out of this mess, but I do know that there is going to be hell to pay and if we don't change our ways, there is going to be a lot more hell to pay. Just like us driving Hummers and Excursions when the gas supply is low and expensive, we have learned to start buying smaller cars, if we can sell the gas guzzler. Well, the whole nation is driving the gas guzzler of debt, and we will be forced to change; whinning and crying all the way about "those greedy bad guys on Wall St." who did this to us!!!

Van C Joffrion of NC @ Oct 01, 2008 08:32:52 AM

Just a thought

I really don't see why American people need to bailout the huge corporations when they are the one who made bad choices. Its not like the bailout actually benefit us main street people in anyway. it actually sinks us deeper into more debt. sure those huge corporations creates jobs, and lend us money, but don't they fry tremendous profit off of us in doing so? so i say let them rot.

Eric Hamson of MD @ Oct 01, 2008 00:02:49 AM

John McCain to the rescue?

He was a war hero. Now, "Now is not the time to fix the blame. It's time to fix the problem," McCain says, not long after his campaign blamed Obama and Pelosi for killing the bill. Then he blames Obama and the Democrats: "Senator Obama and his allies in Congress infused unnecessary partisanship into the process."

Truly pathetic to see this once honorable man betray himself and his country in one, last, gasping grab at the presidency. He's now just an embarrassment to himself.

Go Navy of CA @ Oct 01, 2008 00:00:21 AM

Andrew

As Socrates once argued: If you want to train a horse, you don't take a popular vote to figure out what you should do. And you don't do whatever you want, or whatever the horse wants, either. Instead, you get advice from an expert horse trainer. Only the trainer's opinion counts because only the trainer is knowledgeable.

In a matter as complex as the current financial crisis why are our politicians basing their votes & the plans on the opinions of the average citizen? We need experts, from the academic and the private sector, to engage and formulate a plan, without the politicians. The constituency should not be making the call.

Andrew Ladd of GA @ Sep 30, 2008 21:39:53 PM

the Bailout

I could have bought into the bailout if Bush had not supported it. As he can no longer be trusted, his support may have spelled its doom.

Fran in Key West of FL @ Sep 30, 2008 18:18:42 PM

HR3997 - Financial Market Bill (bailout)

Could somebody explain to me why splitting the proposed $700 billion among every tax payer is a bad idea? This would help many to pay mortgages, credit card debts, and simply prevent backruptcies! Tax payers would buy more, invest more, and the government would get more in taxes -- even if it lowers taxes (capital gain taxes, inheritance taxes, income taxes, etc.) as it should. Forget about these failed institutions! Nobody helps me when I get into financial problems and/or illegalities! I would lose my house, car and probably go to jail!

Ramon Vega of CA @ Sep 30, 2008 17:55:45 PM

Dumb idea

I thought the idea was a dumb one from the moment I heard about it. Why should us tax payers have to pay to bail out those big companies? I think the government should have a bail out plan for all the debt of the people in the country so we could wipe the slate clean. That would help the economy for a little while at least. Until everyone get's into debt again.

Jack of OK @ Sep 30, 2008 15:53:07 PM

YEE HAW! (And I'm a San Francisco liberal)

Thank god our money is safe. These guys can't stop spending its high time Democracy puts a fight to stop all this tyranny! Fight back america, we won the first round now lets knock em out it the second email your reps at dubya dubya dubta dot congress dot org!

Martin Stack of CA @ Sep 30, 2008 14:09:38 PM