Comments on: Will U.S. Taxpayers Need A Bailout?

Declan McCullagh Says Plan To Partially Nationalize U.S. Banks Has Many Potential Perils

[bobnjersey]

[The subprime mortgage mess is what you get when you let liberal democrats perform social engineering.]
[Posted by LibH8er at 01:48 PM : Oct 15, 2008]

comments like this is what results when your an ignorant moron and you have a connection to the internet.

[bailmeout1]

You know, now that I think about it. Why do we even need Congress at all? We have State Governments for everything that States need. I think I just hit the nail real hard.

[libh8er]

The subprime mortgage mess is what you get when you let liberal democrats perform social engineering.

[bailmeout1]

Barack Obama promises to return to the higher tax rates if elected. It is amazing how many people who fall into the categories above think Bush is *** them and Bill Clinton was the greatest President ever.
--------------------------------------------------------------------------------
Posted by lwc777 at 01:34 PM : Oct 15, 2008

People are just duped I guess. But why is that? Obviously we are not stupid. It is because in this example you are of course dead correct. But someone will point out in a post or two something that Bush is slam-dunk guilty of. It is a see-saw. we as a people should not be in the position of determining how is lying and how is telling the truth. We have to discern that prior to deciding the merits of the issue.

A politition that lies, while running for office, should be convicted of a felony. Lying while in office should result in termination. We need a way, other than impeachment, to actually fire these people. Why should I have to live under the likes of Pelosi just because San Francisco loves her? Why should my life be effected by Barney Frank, just because Mass. loves him? And Bush also, why can we not insist on a basic IQ test?

[cricketbeers]

The US Government cannot even govern themselves. How in the heck can we trust them to handle our banks and money? More corrupt CEOs will walk with millions.

It''s getting more and more like "1984" every day.

[bailmeout1]

1. $11 Billion to $22 billion is spent on welfare to illegal aliens each year by state governments.
--------------------------------------------------------------------------------
Posted by lwc777 at 01:32 PM : Oct 15, 2008

You see there it is right there. Not the points of the statement - thats different. We do not even know how much it is! Somewhere "between" 11 and 22 Billion. That is the point. We will not know where this 750 Billion ends up.

[lwc777]

Part 1

Remember the election in 2006? Thought you might like to read the following:

A little over one year ago:

1) Consumer confidence stood at a 2 1/2 year high;

2) Regular gasoline sold for $2.19 a gallon;

3) The unemployment rate was 4.5%.

Since voting in a Democratic Congress in 2006 we have seen:
1) Consumer confidence plummet;
2) The cost of regular gasoline soar to over $4.10 a gallon;
3) Unemployment is up to 5% (a 10% increase);
4) American households have seen $2.3 trillion in equity value evaporate (stock and mutual fund losses);
5) Americans have seen their home equity drop by $1.2 trillion dollars;
6) 1% of American homes are in foreclosure.
7) Food prices skyrocketing over 30% in 1 year.

America voted for change in 2006, and we got it!

Remember, it is Congress that makes the laws and spends our money -not the President.

He has to work with what''s handed to him

[lwc777]

Part 2:

Taxes...Whether Democrat or a Republican you will find these statistics enlightening and amazing.

www.taxfoundation.org/publications/show/151.HTML

Taxes under CLINTON -1999 Taxes under BUSH-2008

Single earning: Single earning:

30K - taxed- $ 8,400 30K - taxed $ 4,500

50K - taxed $ 14,000 50K - taxed $ 12,500

75K - taxed $ 23,250 75K - taxed $ 18,750

Married earning: Married earning:

60K - taxed $ 16,800 60K - taxed $ 9,000

75K - taxed $ 21,000 75K - taxed $ 18,750

125K - taxed $ 38,750 125K - taxed $ 31,250

Barack Obama promises to return to the higher tax rates if elected. It is amazing how many people who fall into the categories above think Bush is *** them and Bill Clinton was the greatest President ever.

[lwc777]

11. During the year of 2005 there were 4 to 10 MILLION illegal aliens that crossed our Southern Border also, as many as 19,500 illegal aliens from Terrorist Countries. Millions of pounds of drugs, cocaine, meth, heroin and marijuana, crossed into the U. S from the Southern border.
Verify at: Homeland Security Report: http://tinyurl..com/t9sht
12. The National Policy Institute, ''estimated that the total cost of mass deportation would be between $206 and $230 billion or an average cost of between $41 and $46 billion annually over a five year period.''
&nb sp; Verify at: http://www.nationalpolicyinstitute.org/pdf/deportation.pdf
13. In 2006 illegal aliens sent home $45 BILLION in remittances back to their countries of origin.
Verify at: http://www.rense.com/general75/niht.htm
14. ''The DaRk Side of Illegal Immigration: Nearly One Million *** Crimes Committed by Illegal Immigrants In The United States.''
&nb sp; Verify at: http://www.drdsk.com/articleshtml

The total cost is a whopping $338.3 BILLION DOLLARS A YEAR.

Are we THAT stupid?

If this doesn''t bother you, then just delete the message.

If, on the other hand, it raises the hair on the back of your neck, I hope you continue to forward it to every legal resident in the country including every representative in Washington, DC.

[lwc777]

4. $12 Billion dollars a year is spent on primary and secondary school education for children here illegally and they cannot speak a word of English!
Verify at: http://transcripts.CNN.com/TRANSCRIPTS/0604/01/ldt.0.HTML
5. $17 Billion dollars a year is spent for education for the American-born children of illegal aliens, known as anchor babies.
Verify at: http://transcripts..cnn.com/TRANSCRIPTS/0604/01/ldt.01.html
6. $3 Million Dollars a DAY is spent to incarcerate illegal aliens.
Verify at: http://transcripts.cnn.com/TRANSCRIPTS/0604/01/ld t.01.html
7. 30% percent of all Federal Prison inmates are illegal aliens.
Verify at: http://transcripts.cnn.com/TRANSCRIPTS/0604/01/ldt.01.html
8. $90 Billion Dollars a year is spent on illegal aliens for Welfare & social services by the American taxpayers.
Verify at: http://premium.cnn.com/TRANSCIPTS/0610/29/ldt.01.html
&nb sp;

[lwc777]

PART 3:

You think the war in Iraq is costing us too much? Read this: Boy, am I confused. I have been hammered with the propaganda that it is the Iraq war and the war on terror that is bankrupting us. I now find that to be RIDICULOUS. Read on...


I hope the following 14 reasons are forwarded over and over again until they are read so many times that the reader gets sick of reading them. I have included the URL''s for verification of all the following facts.

1. $11 Billion to $22 billion is spent on welfare to illegal aliens each year by state governments.

Verify at: http://tinyurl.com/zob77

2. $2.2 Billion dollars a year is spent on food assistance programs such as food stamps, WIC, and free school lunches for illegal aliens.

Verify at: http://www.cis..org/articles/2004/fiscalexec.html

3. $2.5 Billion dollars a year is spent on Medicaid for illegal aliens.

Verify at: http://wwwcis.org/articles/2004/fiscalexec.html

[bailmeout1]

Any lawyers out there that want to take up an action on bringing Congress to trial rest assured. You will be able to rely on contributions from the American Public as to your fee. Just start it up and web-advertise it and the media will pick it up and the donations will flow in.

[bailmeout1]

You can''t just print up a trillion dollars and not have that effect all of us in a negative way. That would have been my first question. How is it possible that the population is split on this and economists are split on this and Congress is in total agreement? How is it possible that something stated as needed by George Bush is so quickly and readily accepted by the Democrats in Congress? How is this bail-out that with any degree of analysis comes out as at least bad, or unknown, is the only thing that George Bush and Nancy Pelosi agree on?

This stinks! We need to get to the bottom of it!

[edward1975-2009]

Hypnotoad72: It''s politicians looking out for the wrong people. They sure don''t have a problem giving our, the taxpayers, money to everyone but us. The elimination of debt by the people would have driven the market up, it is the consumer that drives the market, and it will be by the consumer having the ability to wipe out their debt that would work. :)

[hypnotoad72]

Government hasn''''t done anything like this since the Depression. This is another sign that they knew the bailout would not work. Had they given the money to the taxpayers to pay-off debt, things would have been better. Money used for this purpose would have stimulated the economy and such. People could have wiped out major debt. And banks would have come out on the winning side. It would have been win-win for everyone.

Posted by Edward1975
---

Trickle-up economics never works. :)

[edward1975-2009]

Government hasn''t done anything like this since the Depression. This is another sign that they knew the bailout would not work. Had they given the money to the taxpayers to pay-off debt, things would have been better. Money used for this purpose would have stimulated the economy and such. People could have wiped out major debt. And banks would have come out on the winning side. It would have been win-win for everyone.

[r933gts]

The good life as we have grown to know it is now becoming a fleeting memory. No matter who you vote for a recession is in the works.
We as a country have been mislead,lied to,and drug into supporting so many other countries that our own cash box is empty. Putting either one of these candidates in office will not even begin to start fixing our problems until we STOP trying to support the rest of the world and start fixing problems at home.

[bailmeout1]

This article says,.......Some of these potential pitfalls might have been avoided if the $700 billion bailout bill that slid through Capitol Hill two weeks ago had been crafted more carefully (or not passed at all).
--------------------------------------------------------------------------------
Posted by cfin5 at 12:44 PM : Oct 15, 2008

And against the obvious will of the American People. The Senate knew that the House was in debate. The Senate hastily passed this monster, and then they left town! The House knew that "something" had to be done and done quickly and to reassemble the Senate would take too much time. So the House HAD to pass it.

What the Senate did was effectively negate the citizens representation via the House. It was planned, that is why they convened and voted. That is a conspiracy...... and is criminal.

The only question that needs to be poised to each and every member of the Senate is; "Who called you to assemble?" - answer; Hillary Clinton, John Kerry.

We can debate till the cows come home party vrs party, but this is a slam-dunk.

[mbourn2]

Maybe Obama is on to something! We need to tax the heck out of those rich..... plumbers??? If CBS did this story I must have missed it...

---------------
Barack Obama told a tax-burdened plumber over the weekend that his economic philosophy is to "spread the wealth around" -- a comment that may only draw fire from riled-up John McCain supporters who have taken to calling Obama a "socialist" at the Republican''''s rallies.

Obama made the remark, caught on camera, after fielding some tough questions from the plumber Sunday in Ohio, where the Democratic candidate canvassed neighborhoods and encouraged residents to vote early.

"Your new tax plan is going to tax me more, isn''''t it?" the plumber asked, complaining that he was being taxed "more and more for fulfilling the American dream."

"It''''s not that I want to punish your success. I just want to make sure that everybody who is behind you, that they''''ve got a chance for success too," Obama responded. "My attitude is that if the economy''''s good for folks from the bottom up, it''''s gonna be good for everybody ... I think when you spread the wealth around, it''''s good for everybody."

[bailmeout1]

@lastdance128 at 12:37 PM : Oct 15, 2008

Oh, but then the politically correct crowd would have kicked into high gear and accused those banks of racism. This is on the government totally, covers both parties, Clinton is in it big time, so is the FBI and Bush as you say. This covers a lot of ground.

Independant criminal investigations are needed - along the lines of Watergate.