Comments on: Stocks Post Huge Late-Day Surge
Dow Closes Up More Than 400 Points After Government Says It May Create Repository For Banks' Bad Debt
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- Folks,
The U.S. Government''s Debt is $10,000,000,000,000.00 and counting. This translate into about $88,000.00 for every Americans including babies.
The Average American carries about $10,000.00 in credit card debt.
Therefore, the total debt for each American is $98,000.00.
Please raise my Taxes to pay down this unbelievable debt. I love my children''s Future more than myself. - Reply to this comment
- This is disastrous, but at this point nearly anything would have been. The only fair thing that could be done now is for the institutions to forgive all of our mortgages. Does anyone think this is going to happen?
If every American was to band together and not pay their income tax next year, it would be the real solution, but most Americans would rather be screwed, and believe that things are going to be better. The obvious solution for the American people would be for everyone of them to band together and not pay any more federal income tax, of course the majority of the American people will never grow the gonads needed to do that. So the only other recourse is to bend over and take it, which is what most stupid Americans will do.
I told you all yesterday that the only possible real solution was to raise income taxes to +50%, and with this action it will have to happen in order to pay the bill.
Oh by the way, did any of you get a kiss? That''s what I want to know. - Reply to this comment
- ''Citi never sleeps''
Yeah and I wouldn''t sleep either if my company was going down the ******** like theirs is. - Reply to this comment
- Can you imagine how many retirement plans would be gone if these financial institutes were allowed to just fold or how many millions of Americans would wake up one morning with no insurance if AIG were allowed to go under.
It sounds great to sling mud but believe me this is not the time.
Posted by dmw1167 at 07:09 PM : Sep 18, 2008
Yeah but now peoples savings could be wiped out by hyperinflation from these actions. - Reply to this comment
- Funny how this plan came out just as soon as Goldman Sachs were about to go down the ***.
- Reply to this comment
- The Stock Brokers, Financial Professionals and CEOs just laid off from Wall Streets in the last 2 weeks in America today:
-Surf to http://www.joke-portal.com/d_jokes.htm
-Click the ''Day Laborer'' link in the middle of your screen.
Enjoy! - Reply to this comment
- Corporate welfare run amok. Whenever poor working folk or those without a job need a little help all we hear is "They get what they deserve", "Let them fend for themselves", or "Pull themselves up by their own bootstraps" but let wealthy investors or trillion dollar companies lose a little money due to irresponsible investments and the government comes running to the rescue at the taxpayers expense. But how many of those who complained about the poor being a burden on the taxpayers are complaining about the government coming to their rescue. Greedy MF''n hypocrites. You don''t deserve to be bailed out. You knew the risks going in and railed on about the free market. Well let the free market fix itself. If it can''t, well welcome to the world the rest of us live in.
- Reply to this comment
- I''''m surprised Carabou Barbie isn''''t promoting praying our way out of this mess. Or maybe she could load this magic debt box on a truck and send it down the Highway to Nowhere using a Flux Capacitor equipped Delorian, where it might possibly be swallowed by a black hole, making repayment unnecessary.......
The possibilities are endless when you consider the zany ideas of Crooked Republican Nutburgers......
Posted by singinrich at 06:59 PM : Sep 18, 2008
LOL. Put Rush ******** in the passenger seat too. - Reply to this comment
- Posted by tuckerndfw
Many people refer the "tickle down effect" with the Reagan Administration era. Many people contributed the boost of the economy to his Reaganomics/ Nazis Economics.
The true origin to the "tickle down effect" was President Hoover, and the people did not buy into then. The Public is dummer than a horse. - Reply to this comment
- The Financial Professionals and CEOs just laid off from Wall Streets in the last 2 weeks in America today:
-Surf to http://www.joke-portal.com/d_jokes.htm
-Click the ''Day Laborer'' link in the middle of your screen.
Enjoy! - Reply to this comment
- First the govmint took over mortgage firms, then an insurance company, now it looks as though it''s going into asset liquidation.
Whats next auto makers? - Reply to this comment
- "...They are not so much as solving this mess as sweeping it under the rug and making the patsy the public and the worst hurt--individual consumers who bought in the inflated market." Posted by stoplying08
Exactly, that is why the solution is to first let the lenders fail, then take the land, but re-price and restructure the loans so that those MOST IN NEED pay the actual value, not the marked up value. Of course let them pay that actual value to the government, since we are picking up the tab for administering such a large program.
I used caps for "most in need". This excludes those who own like seven homes, multi-million dollar homes, and also slumlords, if they can afford it, fine for them, let them pay. If they cannot, then they should sell off until they have one home for their immediate family, then they qualify.
For those who thought of buying real estate for investment rather than living in, well if the banks made bad decisions and we hold them responsible, certainly those buying in at such over inflated prices, expecting there to be no ceiling should bear similar self responsibility. - Reply to this comment
- Posted by lovegetpeace
They only took these courses to learn how to get around pure Capitalism and exploit the present illusion. Believe me, if the U.S. politicians could place a microchip under your skin and create an electronic credit world they would. What stoping them ... smarter theives than them. - Reply to this comment
- The Financial Professionals just fired from Wall Streets in the last 2 weeks in America today:
-Surf to http://www.joke-portal.com/d_jokes.htm
-Click the ''''Day Laborer'''' link in the middle of your screen.
Enjoy! - Reply to this comment
- This is just pure KLEPTOCRACY...the wealthing stealing government funds...OUR FUNDS. I pay taxes for infrastructure, defense, national parks, etc...not to cover a CEOs mistakes
- Reply to this comment
- Posted by mcv57 at 06:46 PM : Sep 18, 2008
What Economic course are you taking about? America would not be in this mess if such course was available for the Top Officials of Top U.S. Corporations whom graduated from the Top U.S. Ivy Universities. - Reply to this comment
- Folks,
The Professional Workers in America today:
-Surf to http://www.joke-portal.com/d_jokes.htm
-Click the ''Day Laborer'' link in the middle of your screen.
Enjoy! - Reply to this comment
- Posted by negrovote
There is only one thing more ignorant than a white bigot; a black ignorant racist. - Reply to this comment
- Why is it that when the government wants to help the middle and lower classes with something like health care, it is called a move toward socialism. Exactly, what is it called when government injects $800billion into buying into mega companies and now may retire the debts of others,using government funds; no matter how necessary everyone claims it is, just what move is this toward?
- Reply to this comment
- Posted by lovegetpeace
You need to take a course in economics. The U.S. has not been working on a capitalist system since Nixon - remember, he took us off the gold standard, and started pumping out worthless paper since. The world was dumb enough to buy the promissory notes. - Reply to this comment
