Comments on: Poll: U.S. Concerned But Split On Bailout

CBS News Survey Shows That Americans Fear Effects Of Financial Crisis But Are Not Convinced Bailout Plan Is The Solution

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by o2brich October 2, 2008 3:23 PM EDT
The best thing, the best long term solution that really strikes at the heart of the problem, would be not to do a bail out and let these foolish lenders suffer the consequences of their poor policies and practices. The fact that republican deregulation allowed it and the most recent democratic administration encouraged these bad loans didn''t make them a good idea. But neither candidate has the courage to do that; both voted for the bailout. They fear doing the right thing would cost them the election. A bailout will not fix anything - it will only put off the problem. And the problem will be bigger when it comes back, which it surely will.
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by o2brich October 2, 2008 3:18 PM EDT
The best thing, the best long term solution that really strikes at the heart of the problem, would be not to do a bail out and let these foolish lenders suffer the consequences of their poor policies and practices. The fact that republican deregulation allowed it and the most recent democratic administration encouraged these bad loans didn''t make them a good idea. But neither candidate has the courage to do that; both voted for the bailout. They fear doing the right thing would cost them the election. A bailout will not fix anything - it will only put off the problem. And the problem will be bigger when it comes back, which it surely will.
Reply to this comment
by o2brich October 2, 2008 3:11 PM EDT
The best thing, the best long term solution that really strikes at the heart of the problem, would be not to do a bail out and let these foolish lenders suffer the consequences of their poor policies and practices. The fact that republican deregulation allowed it and the most recent democratic administration encouraged these bad loans didn''t make them a good idea. But neither candidate has the courage to do that; both voted for the bailout. They fear doing the right thing would cost them the election. A bailout will not fix anything - it will only put off the problem. And the problem will be bigger when it comes back, which it surely will.
Reply to this comment
by o2brich October 2, 2008 3:10 PM EDT
The best thing, the best long term solution that really strikes at the heart of the problem, would be not to do a bail out and let these foolish lenders suffer the consequences of their poor policies and practices. The fact that republican deregulation allowed it and the most recent democratic administration encouraged it didn''t make it a good idea. But neither candidate has the courage to do that; both voted for the bailout. They fear doing the right thing would cost them the election. A bailout will not fix anything - it will only put off the problem. And the problem will be bigger when it comes back, which it surely will.
Reply to this comment
by o2brich October 2, 2008 3:07 PM EDT
The best thing, the best long term solution that really strikes at the heart of the problem, would be not to do a bail out and let these foolish lenders suffer the consequences of their poor policies and practices. The fact that republican deregulation allowed it and the most recent democratic administration encouraged it didn''t make it a good idea. But neither candidate has the courage to do that; both voted for the bailout. They fear doing the right thing would cost them the election. A bailout will not fix anything - it will only put off the problem. And the problem will be bigger when it comes back, which it surely will.
Reply to this comment
by o2brich October 2, 2008 3:05 PM EDT
The best thing, the best long term solution that really strikes at the heart of the problem, would be not to do a bail out and let these foolish lenders suffer the consequences of their poor policies and practices. The fact that republican deregulation allowed it and the most recent democratic administration encouraged it didn''t make it a good idea. But neither candidate has the courage to do that; both voted for the bailout. They fear doing the right thing would cost them the election.
Reply to this comment
by o2brich October 2, 2008 3:03 PM EDT
The best thing, the best long term solution that really strikes at the heart of the problem, would be not to do a bail out and let these foolish lenders suffer the consequences of their poor policies and practices. But neither candidate has the courage to do that; both voted for the bailout. They fear doing the right thing would cost them the election.
Reply to this comment
by o2brich October 2, 2008 3:01 PM EDT
The best thing, the best long term solution that really strikes at the heart of the problem, would be not to do a bail out and let these foolish lenders suffer the consequences of their poor policies and practices. But neither candidate has the courage to do that; both voted for the bailout. They fear doing the right thing would cost them the election.
Reply to this comment
by o2brich October 2, 2008 2:59 PM EDT
The best thing, the best long term solution that really strikes at the heart of the problem, would be not to do a bail out and let these foolish lenders suffer the consequences of their poor policies and practices. But neither candidate has the courage to do that; both voted for the bailout. They fear doing the right thing would cost them the election.
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by bm6005 October 2, 2008 2:58 PM EDT
Remember in November "Vote out ALL incumbents". Introduce yours to the unemployment line!!
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by o2brich October 2, 2008 2:57 PM EDT
The best thing, the best long term solution that really strikes at the heart of the problem, would be not to do a bail out and let these foolish lenders suffer the consequences of their poor policies and practices. But neither candidate has the courage to do that; both voted for the bailout. They fear doing the right thing would cost them the election.
Reply to this comment
by o2brich October 2, 2008 2:56 PM EDT
The best thing, the best long term solution that really strikes at the heart of the problem, would be not to do a bail out and let these foolish lenders suffer the consequences of their poor policies and practices. But neither candidate has the courage to do that; both voted for the bailout. They fear doing the right thing would cost them the election.
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by newsjunky5 October 2, 2008 2:29 PM EDT
Not giving out loans when they can is a form of blackmail from the banks. "Give us the bailout cash, or else..."
Seen the video above? The guy can''t get a construction loan, he has a construction project/client but the bank denies him. It''s a self-fulfilling prophecy.
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by newsjunky5 October 2, 2008 2:22 PM EDT
We just showed that supply-side economics and the trickle-down theory doesn''t work. AGAIN.

Send a bailout to struggling homeowners so they can pay the bank, or buy gas so they can pay the bank, or however you want to look at it. That''s how an economy works.

If you bailout the banks, their customers still won''t be able to meet payments.
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by observantx October 2, 2008 2:21 PM EDT
All animals are equal, but some animals are more equal than others. - Animal Farm, George Orwell

All voters are equal, but lobbyists are more equal than voters - Incumbent Senate and House members
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by newsjunky5 October 2, 2008 2:21 PM EDT
We just showed that supply-side economics and the trickle-down theory doesn''t work. AGAIN.

Send a bailout to struggling homeowners so they can pay the bank, or buy gas so they can pay the bank, or however you want to look at it. That''s how an economy works.

If you bailout the banks, their customers still won''t be able to meet payments.
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by armydog2 October 2, 2008 2:17 PM EDT
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by craigh9 October 2, 2008 2:17 PM EDT
The whole country is enraged that we need a $700B bailout - so our wonderful politicians decide its in our best interest to inflate that by an additonal 15% to "sweeten" the deal. What a bunch of idiots.
I call on the american people to cast every vote they have over the next 6 years AGAINST EVERY CURRENT MEMBER OF CONGRESS. Don''t confuse the issue thinking about an individuals competency or that of the replacement, just replace them all.
The ONLY chance we have to get out of this mess is to eliminate every single politician that have shown themselves completely unable to function for the good of the country - it always starts with "what''s in it for me" or how can I twist a horrific situation for US citizens into political gain for myself.
GET RID OF EVERY ONE OF THEM.
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by jtdev1 October 2, 2008 1:12 PM EDT
Warren Buffett was on Charley Rose last evening and did a good job of explaining how this plan will work and why it is a good idea...mainly that it is an investment rather than a give away, one which has a high odds of profitable return to treasury and ultimately the taxpayer. Buffett is the most successful investor in history and said that if it were possible he would take a monetary stake in the plan. That says it all.


--------------------------------------------------------------------------------

Posted by godseyesore at





It''s all based on the same theory: "Trickle Down"


The Taxpayer might get some in the end. So far, NONE of the "Trickle Down" has ever trickled down to the end as stated. Nothing at all...

Us Tax payers will end up holding the bag on this one.

Now, if they wrote in the bill that NO BANK OR INSTITUTION WILL HAVE ANY PROFITS UNTIL THE MONEY IS PAID BACK - WITH INTEREST. then I''m all for it...

but I bet you wouldn''t ever find that language in the bill...

another thing: I bet once it does pass and we buy up all the garbage debt, that our stocks won''t bounce back and it won''t be easier to get credit. The banks will not loan money anywhere near where they used to...

We''re still F''d and a lot poorer
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by craigh9 October 2, 2008 1:10 PM EDT
The whole country is enraged that we need a $700B bailout - so our wonderful politicians decide its in our best interest to inflate that by an additonal 15% to "sweeten" the deal. What a bunch of idiots.
I call on the american people to cast every vote they have over the next 6 years AGAINST EVERY CURRENT MEMBER OF CONGRESS. Don''t even think about an individuals competency, just replace them all.
The ONLY chance we have to get out of this mess is to eliminate every single politician that have shown themselves completely unable to function for the good of the country - it always starts with "what''s in it for me" or how can I twist a horrific situation for US citizens into political gain for myself.
GET RID OF EVERY ONE OF THEM.
Reply to this comment
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