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Author Topic: What Would Happen If There Was NO BAILOUT?
Propertymanager
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What would happen if there was no bailout? NOTHING!!! Other than a few bad businesses going bankrupt and a few Wall Street Fatcats losing a bunch of money.

In the last few days, I've heard some of the dumbest things said by people on TV. Jack Welsh just said on TV that businesses need loans to meet payroll! That's one of the most idiotic statements I've ever heard. Money for payroll comes from income - not loans (at least in successful businesses!!!

Life will go on without the bailout. People will still have jobs. People will still pay their bills. Yes, mortgages may be harder to get for a while. Yes, businesses may have a harder time getting loans for expansion. So what?

On the upside, the morons on Wall Street will go bankrupt. We'll send a powerful message to businesses in the future that reckless businesses will NOT be bailed out! Home prices will continue to drop until they come back to reality. People with bad credit will no longer be able to get loans. Lots of good things will happen!!!

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glassman
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we have to go on what they tell us don't we?

thing is? they lied to get us in this mess... so why beleive them?

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T e x
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I can't understand why to respond on this thread

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Nashoba Holba Chepulechi
Adventures in microcapitalism...

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Propertymanager
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quote:
I can't understand why to respond on this thread
You already did!
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bond006
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Don't look now,the auto industry just got 25 billion to help retool so they can make vehicles that sell. Gov. spokesman said if they did not make the loan one of the big three would not be hear.

So what is what I say,what happened to capitalism?

If the auto people did not see a market change they missed in business that cost you money or your business IMHO

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Propertymanager
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quote:
So what is what I say,what happened to capitalism?
I think that we have witnessed the death of capitalism and the birth of the United Socialist States of America (or worse). It's the ultimate government handout - taking money from the middle class and giving it to the Wall Street Fatcats! It makes me sick!
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The Bigfoot
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pssst. PM... (Your republican party is the one that brought this to the table.)

This bailout is BS.

Bad loans are cloging the credit channels? Fine. We own Fred and Fan now. Figure out which of these bad loans are clogging up and rewrite better loans for those who can afford to pay their mortgage.

All this other bs is worthless. Lets extend credit to banks so they will extend credit to each other so we can all live on credit like we have been doing for the past 20 years.

Remember the last time Bushy tried to push us into making a hasty decision??? (Hint: It started a Trillion dollar war based on lies.)

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Lockman
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quote:
Originally posted by The Bigfoot:
pssst. PM... (Your republican party is the one that brought this to the table.)

This bailout is BS.

Bad loans are cloging the credit channels? Fine. We own Fred and Fan now. Figure out which of these bad loans are clogging up and rewrite better loans for those who can afford to pay their mortgage.

All this other bs is worthless. Lets extend credit to banks so they will extend credit to each other so we can all live on credit like we have been doing for the past 20 years.

Remember the last time Bushy tried to push us into making a hasty decision??? (Hint: It started a Trillion dollar war based on lies.)

Why make the statement of it was a republican idea. It has no bearing on the subject, it just causes division on both sides. Looks to me that our leadership on both sides of the spectrum are selling us down a dangerous fork in the road.

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Let's Go METS!!!

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a surfer
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quote:
Originally posted by The Bigfoot:
pssst. PM... (Your republican party is the one that brought this to the table.)

This bailout is BS.

Bad loans are cloging the credit channels? Fine. We own Fred and Fan now. Figure out which of these bad loans are clogging up and rewrite better loans for those who can afford to pay their mortgage.

All this other bs is worthless. Lets extend credit to banks so they will extend credit to each other so we can all live on credit like we have been doing for the past 20 years.

Remember the last time Bushy tried to push us into making a hasty decision??? (Hint: It started a Trillion dollar war based on lies.)

All of the ingenious ways to lend money cheap came in the late 90's.

You think Bush started the slack lending.........NOPE.

Should he have let the mess started in the Clinton admin. get this far?? NOPE

The pointing the finger crap is useless.

War did not make the housing bubble happen. PERIOD.

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bond006
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This bail out is bs but the fact that Bush operates by using fear he did so on going to war , approval of the patriot act, and same tactic different circumstances on a 700billion bailout package.Gee don't all of you miss the green,amber,and red lights?
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glassman
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Why make the statement of it was a republican idea. It has no bearing on the subject, it just causes division on both sides. Looks to me that our leadership on both sides of the spectrum are selling us down a dangerous fork in the road.


it's echoes Lock...

4 years ago when i, as republican, began trying to tell other members of my party how bad dubya is? i got alot of heat...

do you remeber the GOP convention in NYC? they wore red white and blue bandaids on their faces to make fun of Kerry...

heck we had one female poster here come on the day after the election and tell me NAH NAH NAH...

needless to say? most of those people don't post here anymore... i think they are embarrassed..

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The Bigfoot
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Lock.

That comment was directed squarely at PM who has been stating for months that the democratic party is intent on turning America socialist.

Well, here it is. The biggest socialistic plan ever in America and guess what, it wasn't authored by a democrat. The amount of money we are talking about more than doubles the cost estimate to switch our entire country over to a universal healthcare system.

And in typical Bush fashion he has been getting himself excited about worst case scenarios in the backroom with his advisers for months and now that he has lifted the curtain he wants congressional approval by next week!

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CashCowMoo
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That speech by Bush last night made me want to pull my hair out. If anyone looks as terrible as him in front of a teleprompter please let me know so I can see it.


The Republican Party has been bushwacked.

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It isn't so much that liberals are ignorant. It's just that they know so many things that aren't so.

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bdgee
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"Why make the statement of it was a republican idea. It has no bearing on the subject, it just causes division on both sides. Looks to me that our leadership on both sides of the spectrum are selling us down a dangerous fork in the road."

Because there is an election in progress and the republican party is trying to make like this is a naturally occurring happening, that just by chance happened on their watch. It didn't just happen by chance, it happened as a result of of decades of pressure by the whole republican party to change the laws in favor of corporations, a thing called corporatism, which, as was pointed out by el Duce, is what fascism really is. It wasn't dubya alone that brough the financial markets to doom. dubya was only acting on behalf of the republican party, as he was supposed to do, according to republican dogma.

"You think Bush started the slack lending".

dubya? Of course not. Daddy Bush was already involved.

"Should he have let the mess started in the Clinton admin. get this far?"

Clinton didn't start the stuff, republican dogma did before he was ever in office. And it should have been stopped long ago.....would have been if it hadn't been a major part of the republican party mantra.

"pointing the finger crap is useless."

Useless to whom? The republicans want to say it is useless because a correctly pointed finger aims directly at the republican party. it was the republican part that brought us denuding the government of any way to properly monitor the actions of the financial sector of the society and, thus, we have this mess. Pointing the finger identifies the culprit at election time.


"War did not make the housing bubble happen."

No, it sure didn't. As a matter of fact, that Iraq war has the same source as this financial mess.....republican mishandling of the government. Their efforts have brought us to the reality of allowing the financial sector to operate with absolutely no responsibility and without safeguards to protect the public, and their lies to cover up the facts about how dismally the financial sector was operating has us now having a need to use public money to bail out the financial sector, and without their lies, we never would have illegally invaded a sovereign nation innocent of every charge the republicans claimed against it.

What is important is to make certain every voting American understands that without the dictatorial republican operation of the Federal Government, we wouldn't have this financial mess and we wouldn't be in Iraq blowing trillions of dollars of public money to fatten up the pockets of dubya's buddies in the oil business.

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bdgee
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quote:
Originally posted by CashCowMoo:
That speech by Bush last night made me want to pull my hair out. If anyone looks as terrible as him in front of a teleprompter please let me know so I can see it.


The Republican Party has been bushwacked.

I can see your point about how bad Bush looks on tv, providing you have never seen McCain on tv.
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The Bigfoot
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Here is a nonpartisan question.

I know Credit Unions have different rules and reg's than that of banks. Does anyone know what they are and how they will fare comparatively to banks if lending really does freeze up?

Seems to me that Credit Unions have a uniqe opportunity here to step up and become leaders in our banking


AAAAAAAAAA CNN saying breakthrough on bailout approved by both parties!!!!! NONONONONONONONONONONONONONONONONONO!

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Pagan
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quote:
Originally posted by CashCowMoo:
That speech by Bush last night made me want to pull my hair out. If anyone looks as terrible as him in front of a teleprompter please let me know so I can see it.


The Republican Party has been bushwacked.

That's a pretty good way to sum up the last 8 years IMO. We were "Bushwhacked"! And lord help us, we do not need another 4 or 8 years of getting "McBushwhacked" either.

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Lockman
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I guess the Republican party should no longer exist and we can go to a one party system.

We can call it Democan.

today both parties approved this bailout, so when it doesn't solve all the problems can we say it was a bipartisan blunder?

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Let's Go METS!!!

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Propertymanager
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quote:
That comment was directed squarely at PM who has been stating for months that the democratic party is intent on turning America socialist.
You are exactly right! Bush has done more to move this country toward Socialism in the past 2 weeks that Obama could have ever achieved in 4 years. As I've said many times before, I do not think Bush has done a good job on the economy. Now, I'd say that he is a SOCIALIST AND IS DOING A HORRIBLE JOB!
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Pagan
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quote:
Originally posted by Lockman:
I guess the Republican party should no longer exist and we can go to a one party system.

We can call it Democan.

today both parties approved this bailout, so when it doesn't solve all the problems can we say it was a bipartisan blunder?

Whatever blows your skirt up Lockman. This mess occurred on Republican watch, spin it how you want, the facts won't change.

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It is impossible to make anything foolproof because fools are so ingenious.

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The Bigfoot
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quote:
Originally posted by Lockman:
I guess the Republican party should no longer exist and we can go to a one party system.

We can call it Democan.

today both parties approved this bailout, so when it doesn't solve all the problems can we say it was a bipartisan blunder?

YES!!!!!!!!!!!!!!!!!!!!!!!!

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glassman
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quote:
Originally posted by Lockman:
I guess the Republican party should no longer exist and we can go to a one party system.

We can call it Democan.

today both parties approved this bailout, so when it doesn't solve all the problems can we say it was a bipartisan blunder?

no, the GOP needs some new leaders.

we/they need to pull the plug on Hannity, Limbugger, Savage and even this guy Beck.. (he's a simpleton).

we need to forget about changing Roe v Wade and spend our time WITH our KIDS (instead of arguing about Roe) so they don't NEED to use those awful medical services..

any time a Preacherman brings up politics? we need to get up and walk out of Church...

Church is for Democrats too...

and all that would just be a start...

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Pagan
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quote:
Originally posted by glassman:
quote:
Originally posted by Lockman:
I guess the Republican party should no longer exist and we can go to a one party system.

We can call it Democan.

today both parties approved this bailout, so when it doesn't solve all the problems can we say it was a bipartisan blunder?

no, the GOP needs some new leaders.

we/they need to pull the plug on Hannity, Limbugger, Savage and even this guy Beck.. (he's a simpleton).

we need to forget about changing Roe v Wade and spend our time WITH our KIDS (instead of arguing about Roe) so they don't NEED to use those awful medical services..

any time a Preacherman brings up politics? we need to get up and walk out of Church...

Church is for Democrats too...

and all that would just be a start...

To be honest, both parties need to be completely revamped. They are but mere ghost's of what was intended by our fore fathers imo. It's friggin disgusting.

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glassman
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To be honest, both parties need to be completely revamped. They are but mere ghost's of what was intended by our fore fathers imo. It's friggin disgusting.


yeah, but people within each party have to step up and whip their OWN people into line instead of blaming the other guys...

i can't beleive that while the debt was being racked up? we were arguing over a dying girl in Fla....

that was about as immature a thing as i can imagine our Congress doing...

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buckstalker
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quote:
Originally posted by Lockman:
I guess the Republican party should no longer exist and we can go to a one party system.

We can call it Democan.

today both parties approved this bailout, so when it doesn't solve all the problems can we say it was a bipartisan blunder?

We ALREADY have a one party system...

Have had for quite some time now...

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***********************

It's all in the timing...

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Pagan
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quote:
Originally posted by retiredat49:
quote:
Originally posted by Lockman:
I guess the Republican party should no longer exist and we can go to a one party system.

We can call it Democan.

today both parties approved this bailout, so when it doesn't solve all the problems can we say it was a bipartisan blunder?

We ALREADY have a one party system...

Have had for quite some time now...

Oh, oh, please explain this nugget of insight. We are not a one party system, but I will agree they both suck if that was your point!

--------------------
It is impossible to make anything foolproof because fools are so ingenious.

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Pagan
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I mean, I see this picture I am posting and it disgusts me. Oldtime politicians determining our future who are completely out of touch. And I'm a friggin Democrat. Sickening, the backslapping!!!

 -

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buckstalker
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No...my point is that they are both actually one in the same...different rhetoric, same results!

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***********************

It's all in the timing...

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Pagan
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quote:
Originally posted by retiredat49:
No...my point is that they are both actually one in the same...different rhetoric, same results!

I gotcha bond, but I am fed up with both parties. They need a serious revamp. Can we revolt to get change? Or will Homeland Security slaughter us before we "storm the gates"?

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buckstalker
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Well...I don't know if the American people have it in them...but I'm getting ready for it.

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***********************

It's all in the timing...

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Lockman
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quote:
Originally posted by Pagan:
quote:
Originally posted by Lockman:
I guess the Republican party should no longer exist and we can go to a one party system.

We can call it Democan.

today both parties approved this bailout, so when it doesn't solve all the problems can we say it was a bipartisan blunder?

Whatever blows your skirt up Lockman. This mess occurred on Republican watch, spin it how you want, the facts won't change.
I'm not spinning anything, you and your cronies constantly blame every bad thing that happens on the Republican party. I believe the democrats have had members in both houses of congress, what the heck have they been doing and if you say nothing then why would you think they'll lead us now.

So once the Dem's have total control will you be here defending their blunders or will you point out every mistake they make and call them on it?

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Lockman
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quote:
Originally posted by Pagan:
quote:
Originally posted by retiredat49:
quote:
Originally posted by Lockman:
I guess the Republican party should no longer exist and we can go to a one party system.

We can call it Democan.

today both parties approved this bailout, so when it doesn't solve all the problems can we say it was a bipartisan blunder?

We ALREADY have a one party system...

Have had for quite some time now...

Oh, oh, please explain this nugget of insight. We are not a one party system, but I will agree they both suck if that was your point!
It just seems if the Repulican party is responsible for every problem in the world then it should be dismantled, so the high in GPA average democratic party can run everything with out all these restrictions.

--------------------
Let's Go METS!!!

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toothpick
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what are you guys going to buy when the news is announced.

unless they say they are going to let the depression happen stocks should rally strong, what are you guys going to buy?

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Propertymanager
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Buy on the rumor, SELL on the news!

Once the traders realize that this bailout won't change things, the market should sell off - at least until Paulson, Bush, and the rest of the socialists fire their next magic bullet!

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Propertymanager
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I heard one of the congressmen say today that he is getting phone calls that are 300 to 2 AGAINST THE BAILOUT! Keep those calls coming. I called my congressmen again today and also sent them all an e-mail.
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