Why did a Republican administration decide to use federal power and cash to rescue the banking system and the ?
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the Democratic House and Senate agree to pass it?
Due April 12,
And what about inflation, which is surely the next risk? How do you stop inflation with more inflation?
I keep hearing that the alternatives are much worse, yet I have not seen clear evidence that they will, in fact, be much worse, in the short or long terms.
And what about our Constitutional rights? Those who were short-selling on Wall Street should be charged as traitors
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plenum222 said:
Unrestrained capitalism is a failure, and the only way they can save their financial *ss is to get somebody else, you and me, taxpayers, to pay for their apparently risky, and arguably intentional mistakes. We are their public insurance policy for private business failures – and the government backs up that relationship with authority and corrupt, now, immoral laws.
Neither Democrats nor Republicans are ever to be trusted, now. They have less to lose by not upholding their oath of office than they do by not fulfilling their promises to their corporate sponsors.
Their pockets are too deeply lined by money and power that have come from unrestrained Capitalism. This last week proves it.
July 10th, 2009 at 6:38 am -
Concerned Citizen said:
There are 56 members of congress who have shares in AIG, Lehman, Fannie Mae, Freddie Mac, Bear Stearns Cos. or IndyMac Bancorp Inc. that’s why. They are stealing our souls.
July 10th, 2009 at 6:38 am -
Due April 12 with #1 said:
Because without it not only would the US economy topple but so would the world economy.
July 10th, 2009 at 6:38 am -
† Coming Soon † SFCU said:
Wait until the inflation hits, that is the next disaster..
The inflation that hits because of them printing all this money is going to hit the 1. elderly on SS 2. middle class working man 3. and the poor all of those get the worst of the deal and their money will be devalued a lot..
If we knew how much money was in circulation we might be able to get a figure on what it will be. Probably hit in 6moJuly 10th, 2009 at 6:38 am -
Greshnab said:
Due april had it close…
only backwards most foreign banks didn’t have the same limits on banking investments that the US has.. so most of the banks around the world were in BAD shape… in fact if the fed had oversight on them.. almost all would have been siezed already..they simply aren’t solvent enough…
the world was facing a vast economic breakdown that would have made the great depression look like a hiccup….. the US although less effected immediately would have been drug down when our economic partners fell apart economically.
so it was a choice.. shoot yourself in the head or the foot.
July 10th, 2009 at 6:38 am
