Comments on: 5 Reasons We Don’t Need No Stinking Bailout

By: Brad @enemyofdebt

Brad @enemyofdebt — Sat, 07 Nov 2009 11:25:48 +0000

As I believe we currently have front row seats to the inevitable destruction of either America or the Liberal Left, I am voting for America and want no part of anything the Government thinks I need from them. The bottom line for me is that everything this administration is doing is literally destroying this country.

Obama was declaring victory at a news conference saying that he had stopped the horrific free fall of the economy. Gee that’;s funny because I always thought that employment directed an economy which is why the administration used the phony stimulus to “produce” jobs. 10.2% is hardly a success with almost every month this year losing over 500,000 per month.

So what do they do to explain it away, they call it a “jobless recovery?” What the hell is a jobless recovery? I believe it is the same as “saving jobs”. He cannot prove he saved any jobs just like he cannot prove an economy can recover without job growth.

Great blog, and now I know where to come to talk money as well as politics!
.-= Brad @enemyofdebt´s last blog ..Weekly Roundup – “Fall Hiking” Edition =-.

By: Zola

Zola — Sat, 04 Oct 2008 05:39:15 +0000

How is socialism and democracy mutually exclusive?

By: Johnny

Johnny — Sat, 27 Sep 2008 13:12:52 +0000

If our government allows this bail out to happen.
We the US Citizens have to understand our entire congress is STUPID EDUCATED STUPID PEOPLE WE VOTED FOR OR SOME OF US DID.
What do the working people get, higher taxes, higher everything and yet we just bitch to each other.
How many of you wrote your senator with your opposition to this bail out, I did

By: solicitor bulgaria

solicitor bulgaria — Thu, 25 Sep 2008 14:25:12 +0000

If it happens, it should be done on a Tuesday.

By: Gary

Gary — Thu, 25 Sep 2008 01:07:19 +0000

Republicans believe in socialism for the rich, just not help for the poor, and not health insurance for the middle class. Only millionaires deserve government money. A very rich elderly man in a church I once belonged to was shocked and offended when I asked him if his family had suffered during the depression. “Truly rich people don’t ever suffer, no matter what the economy is doing,” he said. And now we know, thanks to the Republicans, that he was right.

By: Sqrrl101

Sqrrl101 — Thu, 25 Sep 2008 00:21:44 +0000

This whole financial meltdown seems to be over reckless lending by the banks. Surely giving them money whenever they get into trouble is only going to encourage them to continue their reckless behaviour? If their actions pay off, they make money. If they don't, the government just "corrects the economy" and bails them out. Sqrrl101s last blog post..A change for the better

By: Kmuzu

Kmuzu — Wed, 24 Sep 2008 22:12:11 +0000

I agree with most of what you have to say .. but for different reasons. The problem is Republicans have split into two groups. Libertarian and Corporatist. Corporatist want to privatize reward and socialize risk. Both Libertarians and most Democrats are against this bailout. As a Democrat, I want more regulation and more corporate responsibility. Regulation keeps honest people honest and actually enhances business. I work in gaming, one of the most heavily regulated industries. Regulation keeps everyone playing fairly. Which means that little companies and big companies play by the same rules. Second, Debt=taxes. This bailout is really a 700 billion dollar tax. But instead of this tax going to help regular people or going to improve infrastructure, this tax is going to a whole bunch of big wigs. Just think what all the Republican talking heads would have said if this was presented during a Democrat presidency. If it were up to me, I would spend the 700 billion on improving infrastructure. Think of all the new jobs and companies it would create. Tell me banks wouldn't loan money against a guaranteed government contract. Anyway, thanks for the post. You got me thinking Kmuzus last blog post..What a Wonderful World

By: Bucky

Bucky — Wed, 24 Sep 2008 17:12:40 +0000

This is great, and most likely accurate, but don't forget the bigger problem with this bailout; part of the rules are that there is no oversight by anyone, and it's actions cannot be investigated or every go to court. Also no one can dictate how the money can be used, they can get bailed out and the execs can take all that money then cut & run, still letting the company fail. One man, Hank Paulson, can spend whatever he wants (up to $700 billion at a time) to just "give" money to these institutions that were doing bad business in the first place. This is majorly fucked up. Government isn't the Banking industry's rich daddy. Years of bad and corrupt dealings cannot be rewarded with free money at the taxpayers expense. We should buy the failing banks instead of bailing them out, and sell it to regular people investors. Online loans from groups of regular people are already available and proven stable. Buckys last blog post..Videos I Found