Comments on: The True Cost of Bailout

By: Unlined Leather Gloves

Unlined Leather Gloves — Sat, 22 Aug 2009 19:36:47 +0000

That's quite amazing when you think about it. This has certainly angered a lot of Americans.

By: Brad

Brad — Mon, 15 Dec 2008 04:15:31 +0000

Actually I have been taking a slightly different stand on this subject of late. We need to keep these companies from immediate collapse, but we need to hand every free (non incarcerated) adult (18 and older) $150,000 which is actually less than the proposed bailout with all the extras. Then give everyone exactly six months to spend it. If you can’t survive as a business after this infusion you don’t deserve to. If you buy more house or car than your job will allow you to pay taxes, insurance, what not on, then you deserve to lose them. If you didn’t pay off your debts then you deserve to have them. If you invested the part of the money you would be allowed to invest into risky investments then you deserve to lose it. If these companies fail we will still have some serious problems to deal with, but the more and more political this gets the less and less responsible these companies are looking.

By: Rob

Rob — Mon, 15 Dec 2008 00:31:38 +0000

The true cost of the bailout will be about 1 trillion. Russel Crowe (tongue in cheek) suggested the government just give the money to every family. Which actually makes more sense than what they’re doing now. And would that kickstart the economy – you bet and lots of people would be able to get ahead on their mortgages. But hell no you wouldn’t want that hey Brad. $1 000 000 000000 / by 100 000000 households = $10 000. Something crooked is going on.

By: brad

brad — Sat, 27 Sep 2008 21:26:52 +0000

Unfortunately we will be bailing out a lot of companies and unless they do something illegal there is little we can do about it unless we want to turn ourselves into another backwards third world country.

The legislation has to make it clear to the corporate executives if they screw up people’s lives out of greed there won’t be years of easy retirement with a golden parachute, but rather several years behind bars at a federal pound you in the ass prison.

By: IludiumPhosdex

IludiumPhosdex — Sat, 27 Sep 2008 18:52:45 +0000

So what exactly would prevent people from thinking about giving Savings Bonds or other Treasury securities instead of wasteful and frivolous consumption goods this Christmas?

By: varun

varun — Sat, 27 Sep 2008 16:28:26 +0000

A long article,but a sensible one.Sitting thousands of miles away I can feel the impact of the situation,but perhaps not as much as your people will face should the economy be allowed to implode like that.At the moment,a bailout would be best for the world as a whole. @your comment on my blog about entrecard: nice points.it's been made into a post.Come check it out and tell me what you think for my response. have a nice day! varuns last blog post..Traffic ? or Readership? It's more about 'When'

By: brad

brad — Thu, 25 Sep 2008 12:04:05 +0000

$700 billion could be spent a lot of places and we should have been doing it for the last twenty years or more in reasonable amounts. On the other hand allocating $700 billion at the moment to those projects won’t mean crap if the rest of the economy falls apart. You don’t really believe a brigade of the Third Infantry’s urban warfare specialists are being pulled out of Iraq and deployed as an active combat unit to Northern Command (operating inside the USA) and getting crowd control training is a coincidence do you. The government actually believes all hell is going to break lose if the economy collapses. The only thing it will take to start another civil war at that point is for the people to believe the government will open fire on them or for the someone in the military chain of command to believe revolt is imminent.

By: The World's Worst Stock Picker

The World's Worst Stock Picker — Thu, 25 Sep 2008 02:21:36 +0000

700 Billion dollars is equal to the construction of 1400 NBA size basketball courts. Think about it. That is a lot of money that would be served to be better spent someplace else. Buy gold and rifles because the worst is yet to come.

The World’s Worst Stock Pickers last blog post..A Case for Gold

By: The World's Worst Stock Picker

The World's Worst Stock Picker — Thu, 25 Sep 2008 02:21:36 +0000

The World’s Worst Stock Pickers last blog post..A Case for Gold

By: The World's Worst Stock Picker

The World's Worst Stock Picker — Thu, 25 Sep 2008 02:21:36 +0000

The World’s Worst Stock Pickers last blog post..A Case for Gold