Forum Home Forum Home > Topics not related to music > General Polls
  New Posts New Posts RSS Feed - Bailout (rescue) plan for the economy
  FAQ FAQ  Forum Search   Events   Register Register  Login Login

Topic ClosedBailout (rescue) plan for the economy

 Post Reply Post Reply Page  12>
Poll Question: Do you support the bailout being voted by Congress?
Poll Choice Votes Poll Statistics
1 [4.17%]
3 [12.50%]
2 [8.33%]
1 [4.17%]
17 [70.83%]
This topic is closed, no new votes accepted

Author
Message
Zitro View Drop Down
Prog Reviewer
Prog Reviewer


Joined: July 11 2005
Location: United States
Status: Offline
Points: 1321
Direct Link To This Post Topic: Bailout (rescue) plan for the economy
    Posted: October 01 2008 at 14:47
For the current economy crisis, do you support the (at least) $700 Billion dollar rescue plan?

 
Back to Top
TGM: Orb View Drop Down
Prog Reviewer
Prog Reviewer
Avatar

Joined: October 21 2007
Location: n/a
Status: Offline
Points: 8052
Direct Link To This Post Posted: October 01 2008 at 15:30
Support. I think that without it, everyone loses, the consumers as much as the banks.

I'm not American, but I'd support a similar resolution here.
Back to Top
rileydog22 View Drop Down
Forum Senior Member
Forum Senior Member


Joined: August 24 2005
Location: New Jersey
Status: Offline
Points: 8844
Direct Link To This Post Posted: October 01 2008 at 16:19
I coulda sworn the US was capitalist.....

Back to Top
The Doctor View Drop Down
Special Collaborator
Special Collaborator
Avatar
Honorary Collaborator

Joined: June 23 2005
Location: The Tardis
Status: Offline
Points: 8543
Direct Link To This Post Posted: October 01 2008 at 16:27
I definitely support Congress giving me $700 billion of taxpayer money. I'll stimulate the economy with that money, as well as a few other things. Wink
 
Otherwise I oppose it.  Strongly.  Why should we not only not hold the robber barons accountable, but actually reward them with public funds for screwing the public? 
I can understand your anger at me, but what did the horse I rode in on ever do to you?
Back to Top
micky View Drop Down
Special Collaborator
Special Collaborator
Avatar
Honorary Collaborator

Joined: October 02 2005
Location: .
Status: Offline
Points: 46827
Direct Link To This Post Posted: October 01 2008 at 16:40
was at first for.... but the more I read..  and listen... and think...have turned against the idea.  In fact.. wonder now why I did. In fact writing my congressman and giving my opinion and why....

which is.....

All it was one giant ass bandage.... which may... or MAY NOT have stopped the hemorrhaging... for it wouldn't have solved the fundamental problems....  time to let the weak die off.. ...  the tipping point for me.. learning the credit freeze (which is the real problem affecting common Americans... and my job in particular... no credit... no orders.. no work.. and unlike the failed GOP economic ideology.. that sh*t DOES trickle down) is only because people don't want to sell off the bad debt to private investors at .20 cents on the dollar when they expect the gov't to swoop in and pay .70 to .80 cents on the dollar.


Edited by micky - October 01 2008 at 16:41
The Pedro and Micky Experience - When one no longer requires psychotropics to trip
Back to Top
BaldJean View Drop Down
Prog Reviewer
Prog Reviewer
Avatar

Joined: May 28 2005
Location: Germany
Status: Offline
Points: 10377
Direct Link To This Post Posted: October 01 2008 at 16:48
the banks believe in capitalism and free market; it is the rules they like to play by when they win. they have ruined many people's business and fortune that way, cynically saying "well, that's capitalism". and they would strongly oppose any supportive action for other firms. so let them play by these rules when they lose too

Edited by BaldJean - October 01 2008 at 16:53


A shot of me as High Priestess of Gaia during our fall festival. Ceterum censeo principiis obsta
Back to Top
IVNORD View Drop Down
Forum Senior Member
Forum Senior Member
Avatar

Joined: December 13 2006
Location: USA
Status: Offline
Points: 1191
Direct Link To This Post Posted: October 01 2008 at 20:01
It must be noted that none of us knows all the details of the proposed bailout. Neither did anyone hear from experts and specialists on the potential consequences and available options. How can one make a reasonable determination regarding a subject he or she knows about only from newspaper headlines?
Back to Top
BaldJean View Drop Down
Prog Reviewer
Prog Reviewer
Avatar

Joined: May 28 2005
Location: Germany
Status: Offline
Points: 10377
Direct Link To This Post Posted: October 01 2008 at 20:16
it's the principle of the thing. nobody will bail Joe Average out, but those people who will still live in luxury after having wasted the money of their customers with their speculation games shall get the favor? no thanks. in my opinion they should get 20 years in Folsom for fraudulence


A shot of me as High Priestess of Gaia during our fall festival. Ceterum censeo principiis obsta
Back to Top
darkshade View Drop Down
Collaborator
Collaborator
Avatar
Honorary Collaborator

Joined: November 19 2005
Location: New Jersey
Status: Offline
Points: 10964
Direct Link To This Post Posted: October 01 2008 at 20:35
i do not support. let the people who f*cked up face the consequences
Back to Top
debrewguy View Drop Down
Special Collaborator
Special Collaborator
Avatar
Honorary Collaborator

Joined: April 30 2007
Location: Canada
Status: Offline
Points: 3596
Direct Link To This Post Posted: October 01 2008 at 20:45
IS there any reason why the government cannot take time to think over a reasonable reaction, rather than rushing to the rescue of self serving multi-millionaires with $700 billion of the middle class's money ?
Yes. It's called knee jerk reaction. It's called "we gotta do something so that it looks like we're doing something, no matter what doing, 'cause doing nothing will look like we're doing nothing, even if nothing can be done. Or the best thing that could be done ...
"Here I am talking to some of the smartest people in the world and I didn't even notice,” Lieutenant Columbo, episode The Bye-Bye Sky-High I.Q. Murder Case.
Back to Top
fusionfreak View Drop Down
Forum Senior Member
Forum Senior Member


Joined: August 23 2007
Location: France
Status: Offline
Points: 1317
Direct Link To This Post Posted: October 02 2008 at 09:26
I'm unsure but certainly not indifferent:people who failed and still earn ridiculous wages should be punished,that's a fact and I think,for I'm a leftist, that ultracapitalism sucks!Look at what 30 years of
unruled economy have done to the world:destruction,evergrowing inequalities,rebirth of far right wing movements,anger,hunger,terrorism,too bad!I would actually agree with the plan if everybody united for
a fair world!Say no to golden parachutes!I hope many american people will get better rapidly:each human
being has the right to live,feel,learn,eat,love and enjoy life! 
I was born in the land of Mahavishnu,not so far from Kobaia.I'm looking for the world

of searchers with the help from

crimson king
Back to Top
rushfan4 View Drop Down
Special Collaborator
Special Collaborator
Avatar
Honorary Collaborator

Joined: May 22 2007
Location: Michigan, U.S.
Status: Offline
Points: 65916
Direct Link To This Post Posted: October 02 2008 at 09:57
Originally posted by IVNORD IVNORD wrote:

It must be noted that none of us knows all the details of the proposed bailout. Neither did anyone hear from experts and specialists on the potential consequences and available options. How can one make a reasonable determination regarding a subject he or she knows about only from newspaper headlines?
 
I actually kind of have to agree with this comment.  I haven't fully made up my mind yet. 
 
Depending on which pundit you listen to this either really, really needs to be done, or it is the worse thing that they could possibly do.  Is it a solution?  Is it a band-aid on a severed limb?  Would the money be better spent giving it directly to businesses that need it so that they can trickle it down?  Would the money be better spent giving it to people that need it so that they can spend it and it can trickle up?  Will any of it make a difference anyways?  Is Congress really smart enough to come up with a viable solution?  Should we really believe a lame duck president and administration that is arguably the worst in the history of this country?  Is Congress really going to try and do what is best for the people, or are they just participating in political posturing so that they can retain their jobs in the upcoming election? 
 
I tend to be pretty sceptical when it comes to the intelligence of those that govern us, so I truly am left wondering which course of action is the right course of action.
Back to Top
BroSpence View Drop Down
Forum Senior Member
Forum Senior Member
Avatar

Joined: March 05 2007
Status: Offline
Points: 2614
Direct Link To This Post Posted: October 03 2008 at 02:34
I strongly oppose it and have told my Senators and Representatives, and other key members of Congress so.

However, none of them agree with me based on how they voted.


Back to Top
aapatsos View Drop Down
Special Collaborator
Special Collaborator
Avatar
Honorary Collaborator

Joined: November 11 2005
Location: Manchester, UK
Status: Offline
Points: 9226
Direct Link To This Post Posted: October 05 2008 at 17:57
even if I'm not in the US, I strongly oppose as this $700 billion could be used to feed all the poor people in the States or in Africa, or anywhere else... realistically, this could be done if everyone had the willingness to do it. It's the same as with money spent in Iraq, wasted money...
Back to Top
fusionfreak View Drop Down
Forum Senior Member
Forum Senior Member


Joined: August 23 2007
Location: France
Status: Offline
Points: 1317
Direct Link To This Post Posted: October 06 2008 at 05:04
Approve what you say,unfortunately there is too much realpolitik:oil,money,power and strength are more valuable than human beings for People in power.Moreover governments are too much influenced
by big industries and greedy lobbies.These people should listen to prog,psych,fusion or krautrock!!!
I was born in the land of Mahavishnu,not so far from Kobaia.I'm looking for the world

of searchers with the help from

crimson king
Back to Top
Henry Plainview View Drop Down
Forum Senior Member
Forum Senior Member
Avatar

Joined: May 26 2008
Location: Declined
Status: Offline
Points: 16715
Direct Link To This Post Posted: October 06 2008 at 12:34
The hilarious thing about this is that most economists support it (such as The Economist), and is the action being taken by rich countries around the world, while it is widely unpopular. I suspect that is because people don't understand it. Which is not to say that one cannot have an informed opinion against it.

It's not a handout to the CEOs, why is everyone treating it that way? The government is buying bad debt, this has nothing to do with CEO compensation, and most of them are losing their jobs because of this, and the bill has several provisions limiting their "golden parachute". This is to rescue the economy from a depression so you don't lose your job and your pension. The fact is the credit markets are so clogged nobody can get a loan, which is a problem.

It's not ideal, but it's what has to be done. People whining endlessly about "Bail out Main Street not Wall Street!" are missing the point.

Feeding Africans is nice, but keeping the world economy from collapsing is better (if the US goes down, so does everyone else), and it would he hard to justify such a monumental cost for anything besides self-preservation.

Hahaha, fusionfreak, you're such a hippy. Sorry, music can't change the world.

Edited by Henry Plainview - October 06 2008 at 12:41
if you own a sodastream i hate you
Back to Top
Equality 7-2521 View Drop Down
Forum Senior Member
Forum Senior Member
Avatar

Joined: August 11 2005
Location: Philly
Status: Offline
Points: 15783
Direct Link To This Post Posted: October 06 2008 at 19:50
Strongly oppose,

Commonsense, Austrian economics, morality, and the Constitution for the win.
"One had to be a Newton to notice that the moon is falling, when everyone sees that it doesn't fall. "
Back to Top
Slartibartfast View Drop Down
Collaborator
Collaborator
Avatar
Honorary Collaborator / In Memoriam

Joined: April 29 2006
Location: Atlantais
Status: Offline
Points: 29625
Direct Link To This Post Posted: October 06 2008 at 20:49

TMW09-24-08orig_image.jpg

Released date are often when it it impacted you but recorded dates are when it really happened...

Back to Top
npjnpj View Drop Down
Forum Senior Member
Forum Senior Member


Joined: December 05 2007
Location: Germany
Status: Offline
Points: 2720
Direct Link To This Post Posted: October 07 2008 at 05:22

After receiving the bailout, banks will surely turn to a new gigant profit-making future: Transfer to worldwide investment in high fossil-fuel consumption and high-polution industrial technologies perhaps?

After all, the internet and high-risk loans have been done.
 
Apart from that it looks at this time as if those Billions are being pissed into the wind. Nice try though, better luck next time, boys.
 
And the lucky public are going to own a number of banks that nobody else wants. Happy us, ain't life grand!


Edited by npjnpj - October 07 2008 at 06:02
Back to Top
fusionfreak View Drop Down
Forum Senior Member
Forum Senior Member


Joined: August 23 2007
Location: France
Status: Offline
Points: 1317
Direct Link To This Post Posted: October 07 2008 at 16:21
Originally posted by Henry Plainview Henry Plainview wrote:

The hilarious thing about this is that most economists support it (such as The Economist), and is the action being taken by rich countries around the world, while it is widely unpopular. I suspect that is because people don't understand it. Which is not to say that one cannot have an informed opinion against it.

It's not a handout to the CEOs, why is everyone treating it that way? The government is buying bad debt, this has nothing to do with CEO compensation, and most of them are losing their jobs because of this, and the bill has several provisions limiting their "golden parachute". This is to rescue the economy from a depression so you don't lose your job and your pension. The fact is the credit markets are so clogged nobody can get a loan, which is a problem.

It's not ideal, but it's what has to be done. People whining endlessly about "Bail out Main Street not Wall Street!" are missing the point.

Feeding Africans is nice, but keeping the world economy from collapsing is better (if the US goes down, so does everyone else), and it would he hard to justify such a monumental cost for anything besides self-preservation.

Hahaha, fusionfreak, you're such a hippy. Sorry, music can't change the world.
Of course I am,Henry Plainview.I also know Music can't change the world and perfectly understand your point of view.
I just would like to see a fair world since it's possible.Moreover,do you think a man who failed deserves
being paid millions?Have good music!
I was born in the land of Mahavishnu,not so far from Kobaia.I'm looking for the world

of searchers with the help from

crimson king
Back to Top
 Post Reply Post Reply Page  12>

Forum Jump Forum Permissions View Drop Down



This page was generated in 0.135 seconds.
Donate monthly and keep PA fast-loading and ad-free forever.