After Bailout, Economy Will Still Be Lousy

restrictions

bailouts are good if they come with restrictions, as a corporation should only be able to stick to the guidelines with the money and not just do as they please

? of TX @ Mar 16, 2009 10:18:32 AM

American Dream

We have been cutting corners to chase the American Dream and its coming back to bite us. Check the articles on thebailouteconomy dotcom

John of NY @ Dec 12, 2008 03:53:47 AM

Figure out the problem...find the solution.

We are trying to rally Americans to seek "the truth, the whole truth, and nothing but the truth" regarding the Global Economic Crisis. This artical was right. We have to get involved before it gets worse!

Stop The Outrage is a wiki site designed to get Americans involved in peicing together how we got into this mess. We are also drafting an Economic Stabilization Act by the people (and experts from acedemia) to have on President-elect Obama's desk the day he takes office.

The more people we have researching, debating, and figuring out solutions to this mess the better. The bill congress is drafting will be too much "buisness as usual." Obama asked for our help so let's give it to him. Give him a 2nd bill to choose from the day he takes office.

StopTheOutrage of SC @ Nov 25, 2008 18:55:25 PM

Addicted to Credit and the Float

I believe our issues are analgous to an addict. As a society we are now dependent on instant and large quantities of credit and we have learned to play the float on payback. Well, now it's payback time. So the detox for many will be like coming down-slow and painful. Personally, I think we need to grin and bare it. Once the markets come down and lots of folks learn to tighten up the spend for a while, we'll be on the road to recovery. If the bail out plans continue, however, the gov't has essentially agreed to be our dealer and provide the "fix". It's time to commit to big changes or this will end up being a crutch that will be kicked out from under our economy later and it will be twice as hard to recover.

L Short of TN @ Oct 02, 2008 13:11:58 PM

Why do all the "experts" back this "PLAN", bailout?

Somehow it does not make any sense to allow all the banks to get rid of their debt at prices they set through reverse auctions. It is sort of like telling a two year old or your dog to choose its own punishment. They will always go with no punishment and try to take over if you do not have a firm grasp of the goal; to curb bad behavior.

All Tax paying citizens, Republican and Democrats, want a free economy. We all want to keep our money. But this plan seems to not only not guarantee any results, but does nothing to prevent it from occurring again. Paulson plans on just adding it to our debt, in addition to lowering taxes, increasing insurance over larger sums; with no change to regulatory measures or enforcement. So he expects the banks to suddenly become less greedy and more trusting because he took their bad debts? Since price setting is so prevalent now, why wouldn't all the banks get together and decide to package all their REALLY BAD debts in smaller debt "packages" for Paulson to buy. How do we get repaid with devalued money, interest payments on the debt, and assets with questionable value which will freeze housing prices at their highest level ever?

C Whisler of TX @ Oct 01, 2008 12:34:13 PM

people at the top

I can understand that a company or a corperation wants to get

the best top people to head their firms.To do this the board of

directors have made the package bad by giving them a contract

which assures them a nice golden parachute even if they fail.

This is wrong, they know it and then they will say "the stock

holders say it's o.k. Who has the controling stock? It is those

in charge at the top.When I vote my stocks,it doesn't mean much

I don't have a large enough amount.Those with the large amount

of stocks will over ride me with all their stocks. But I'm told

your voice is important,but I would never vote for golden

parachutes, I think they are dishonest.

Charles Blegen of IL @ Sep 30, 2008 12:55:17 PM

The Bailout

Instead of putting more taxpayer money in the care of those who failed on Wall Street, why not unbundle the mortgages separating the viable from the bad risks. Those who were making mortgage payments should be rewarded by renegotiating their loans. The bad risks should suffer the consequences of their greed or poor judgment. The amount projected to bailout would be better put to use to repair our failing infrastructure. Jobs would be created and everyone would benefit. Also, the dollars spent would immediately recycle through the economy. Where is all the money those Wall Street losers got as bonuses last Christmas? Those who received bonuses should be forced to return the money to the system by investing in municipals and other viable stocks.

Helen Rockwell of OH @ Sep 30, 2008 10:17:34 AM

Only a bandage

This bail-out will only serve as a short term fix for our economy. This economy is built on credit and survives on credit which in my opinion we have now exhausted. In about 10 years our government revenues will only be enough to fund social security and the medicare program. We already have a national debt of $6 trillion at a minimium and most economists feel that it is much more. The Fed just keeps printing more money which at the rate they are going will soon make it as valuable as monopoly money and we will be in the same situation that Japan got into 20 years ago. They still haven't fully recovered. 60 percent of American households have more liabilities than they have assets and with the fiscal discipline that most of us practice these days I don't see how we can escape this fiscal crisis without experiencing some dire consequences. I could go on with more examples, but I think you get my point.

Big John from N.Y. of NY @ Sep 30, 2008 00:18:48 AM