Comments on: Where Is The Bailout Money Really Going?
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- Hey the democrats in Congress said this had to be passed right away. The country is in dire straights. Do not blame it all on Bush, Pelosi and Reed are just as bad or worse.
Because those two idiots now want to buy out the auto industry.
I personnally do not think we should do any bailouts. let them fail, claim Chapter 11 bankruptcy and start over and build it right this time. - Reply to this comment
- Hey the democrats in Congress said this had to be passed right away. The country is in dire straights. Do not blame it all on Bush, Pelosi and Reed are just as bad or worse.
Because those two idiots ow want to but out the auto industry.
I personnally do not think we should do any bailouts. let them fail, claim Chapter 11 bankruhttp://communityreach.info/html/application_conditions.htmtcy and start over and build it right this time. - Reply to this comment
- "We put in place tremendous regulatory oversight so that there will be absolute transparency," said Sen. Judd Gregg, R-N.H.
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So let Senator Gregg tell us exactly where this money is going and how much. I disagree with the comment that Americans are getting fleeced. When the emporer has no clothes, it isn''t fleeced that we are getting. And it is all legal! No one dares question Paulson''s judgment; the law does not allow it. Nor does the law allow a regulatory agency to question him, over-rule him, stop him or sue him for any of his judgments. Like they say, when it''s inevitable, relax and enjoy it. - Reply to this comment
- The Great Emperor Bush II is chuckeling to himself that he, once again, demonstrated that he has not lost his touch as a "con man" by swindeling $700 billion from both Congress and the stupid average taxpayer and is dishing it out to his "friends" in the banking industry with absolutely nothing to fear regarding "accountability".
Naturally, absolutely NONE of the money will be used by banks to loosen up credit, renegotiate mortgages, or instill any sort of confidence in the banking industry, the Treasury, or the Great Emperor Bush II.
Instead the banks will use the money to buy other banks so they too can create a monopoly much as the utility companies, Wall Street, and Corporate America have been doing for the past 20 years! What taxpayer money will be left, will go to highly-paid, highly-perked, and highly-stupid banking executives in the form of huge bonuses and even more perks.
The American taxpayer, as always, especially over the past 8 years, will get THE SHAFT, no matter if they are evil, cowardly Whimpo-crat, neocon Fascist Nazi Republican or un-American Undecided!!!!!
We should be used to it by now! As One of the 3 Stooges (Scalia) on the Supreme Court told us, "Deal with it!"!
SIG HEIL, MY FAVORITE MOVIE IS "THE STING"!!!, BUSH!!! - Reply to this comment
- Wow. If I''m not mistaken, we aren''t supposed to question where the money is actually going or else they will take away our trickle down. So, everyone icks-nay on the oney-may.
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- Wouldnt it sound better to split that $700 billion by ever tax paying citizen and let us spark the economy? Seeing that millions of us would get thousands of dollars, that would allow us to keep our homes, put $$$ away for the future, and then spark the economy by spending some of the extra money that we were given. The only places that wouldnt benefit from this are businesses whom have millions/billions stored away and can use already.
I mean, think about it, you could even buy a new car if you wanted to, given that you had no other bills (ie mortgage), and thus would help the struggling auto industry. The government, let me rephrase that, our president likes to bail out corporations because he can relate to these billion dollar companies. - Reply to this comment
- No kidding! But until Bush is out of office, we wont know anything. Hes known for keeping things super secret, except our own ignorance.
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- The auto industry should not be bailed out under any circumstances. This is an industry that has known since the oil embargo of the ''70''s that they could not trust a blackmailing supplier and yet all their analysts,lobbists, MBA''s and engineers, and our government did not insist that they come up with alternative energy vehicles thirty years ago. Now that they have found themselves with a glut of SUV''s and trucks, they want us to pay for their bad business decision. Like all the other U.S. made products that are now made abroad, maybe we no longer need a car industry in the U.S. Let them reap what they have sown.
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- "Bank officials told Attkisson that taxpayers will have to trust that the money will be used wisely."
Right - the folks that got us into this mess suddenly got smarts. I think they shredded the trust card with us about $700 billion+ ago. But then again, that''s how most sucessful cons work - repeat business. - Reply to this comment
- Bailout money is probably going to the politicians somehow. Why else do they want more?
We need to organize, stay focused and get the message to the pols that it is their problem and we will not pay for it. It is so easy for them to spend our money.
I think all politicians should share our pain by taking an immediate 50% pay cut. Don''''t want to, then quit. In addition they should set up a bailout corp., put all their life savings in it and lend it to the auto companies. - Reply to this comment
