Discuss.
Malloy must go
the person who wrote this speech did a good job.
Yep. Great job. Pump more money into a broken system. Great plan.
agreedusmarine wrote:
the person who wrote this speech did a good job.
Malloy must go
Trust me, I'm no fan of Bush...quite the opposite, in fact.Mason4Assassin444 wrote:
Yep. Great job. Pump more money into a broken system. Great plan.
But what exactly do you propose we do?
Let it crash.Poseidon wrote:
Trust me, I'm no fan of Bush...quite the opposite, in fact.Mason4Assassin444 wrote:
Yep. Great job. Pump more money into a broken system. Great plan.
But what exactly do you propose we do?
seriously? why in america would that be a logical idea?Mason4Assassin444 wrote:
Let it crash.Poseidon wrote:
Trust me, I'm no fan of Bush...quite the opposite, in fact.Mason4Assassin444 wrote:
Yep. Great job. Pump more money into a broken system. Great plan.
But what exactly do you propose we do?
"people in ny have a general idea of how to drive. one of the pedals goes forward the other one prevents you from dying"
Now? before you have 700B in debt. Or later after they got you by the tax balls. It will crash. The system is still broken.haffeysucks wrote:
seriously? why in america would that be a logical idea?Mason4Assassin444 wrote:
Let it crash.Poseidon wrote:
Trust me, I'm no fan of Bush...quite the opposite, in fact.
But what exactly do you propose we do?
Second Great Depression w00t
Now we can only hope World War Three comes along to lift us out of it.
Now we can only hope World War Three comes along to lift us out of it.
Doomsday economy hasn't effected me yet. Little over 30 dollars per full tank. It's all good.
Great time to buy a house too.
Great time to buy a house too.
Do you drive a motorized rickshaw?Ajax_the_Great1 wrote:
Doomsday economy hasn't effected me yet. Little over 30 dollars per full tank. It's all good.
So long as you don't have to sell yours first.Ajax_the_Great1 wrote:
Doomsday economy hasn't effected me yet. Little over 30 dollars per full tank. It's all good.
Great time to buy a house too.
Xbone Stormsurgezz
Let me paraphrase;
" My fellow Americans, in order to restore order in our financial systems I need to saddle your children with unsustainable debt. You may have seen your pensions decreased by one third to one half, but the foundations of our economy are solid. You must give to us now, your future earnings of tomorrow, so that we can continue to live on credit today, and forestall the inevitable reckoning that will surely haunt us for generations."
Mr. Bush.
May you spontaneously combust, you bastard son of a whores afterthought.
" My fellow Americans, in order to restore order in our financial systems I need to saddle your children with unsustainable debt. You may have seen your pensions decreased by one third to one half, but the foundations of our economy are solid. You must give to us now, your future earnings of tomorrow, so that we can continue to live on credit today, and forestall the inevitable reckoning that will surely haunt us for generations."
Mr. Bush.
May you spontaneously combust, you bastard son of a whores afterthought.
Your list of people to hate is disturbingly short.ATG wrote:
Let me paraphrase;
" My fellow Americans, in order to restore order in our financial systems I need to saddle your children with unsustainable debt. You may have seen your pensions decreased by one third to one half, but the foundations of our economy are solid. You must give to us now, your future earnings of tomorrow, so that we can continue to live on credit today, and forestall the inevitable reckoning that will surely haunt us for generations."
Mr. Bush.
May you spontaneously combust, you bastard son of a whores afterthought.
Xbone Stormsurgezz
you know, for all the scary talk thats going on about the economy...im really not being hurt by it.
though, im just pumping all my money back into my business, so its not like im getting paid right now anyway...
gas is the only thing that makes my stomach rumble, but thats because of the oil companies rather than my pocket hurting.
though, im just pumping all my money back into my business, so its not like im getting paid right now anyway...
gas is the only thing that makes my stomach rumble, but thats because of the oil companies rather than my pocket hurting.
I remember saying similar such for the last ten years.Parker wrote:
you know, for all the scary talk thats going on about the economy...im really not being hurt by it.
though, im just pumping all my money back into my business, so its not like im getting paid right now anyway...
To all the "zomg it's more teh debt" crowd: Did you actually listen to what was said? Part of the plan involves recouping money spent as those mortgages get paid off down the road...ostensibly recovering most, if not all, of the investment (I use that term loosely). If the intent was just to drop the money and forget about the repayment aspect, the debt argument would work...but it simply isn't the case.
“Everybody is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid.”
― Albert Einstein
Doing the popular thing is not always right. Doing the right thing is not always popular
― Albert Einstein
Doing the popular thing is not always right. Doing the right thing is not always popular
Yeah. Because this administration couldn't fuck this up. No wai!FEOS wrote:
To all the "zomg it's more teh debt" crowd: Did you actually listen to what was said? Part of the plan involves recouping money spent as those mortgages get paid off down the road...ostensibly recovering most, if not all, of the investment (I use that term loosely). If the intent was just to drop the money and forget about the repayment aspect, the debt argument would work...but it simply isn't the case.
I never implied they couldn't.Mason4Assassin444 wrote:
Yeah. Because this administration couldn't fuck this up. No wai!FEOS wrote:
To all the "zomg it's more teh debt" crowd: Did you actually listen to what was said? Part of the plan involves recouping money spent as those mortgages get paid off down the road...ostensibly recovering most, if not all, of the investment (I use that term loosely). If the intent was just to drop the money and forget about the repayment aspect, the debt argument would work...but it simply isn't the case.
“Everybody is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid.”
― Albert Einstein
Doing the popular thing is not always right. Doing the right thing is not always popular
― Albert Einstein
Doing the popular thing is not always right. Doing the right thing is not always popular
The sad thing for you Americans is that you will be paying the failed banks a mark-up for the toxic debt designed to add liquidity to the market i.e. you'll be paying more than the market value for the toxic debt.
It seems like they're giving the choice of "$700bn to rescue them vs complete meltdown"
Which is stupid, because that really can't be the only choices.
What's the pro's and cons of the $700bn rescue plan?
Which is stupid, because that really can't be the only choices.
What's the pro's and cons of the $700bn rescue plan?
Pro's, 700B investment into something that is failing, thus somehow resulting in profit
Con's 700B more gone down the drain if the economy fails, which it still will, because Bush is only doing this so, people who have failed mortgage loans and business loans can do what? take out another loan? fucking retarded. News flash, if you have good credit you can still take out a fucking loan. Bush is trying to build another economic bubble on top of the collapsed one. So now when it fails it will fail doubly
Con's 700B more gone down the drain if the economy fails, which it still will, because Bush is only doing this so, people who have failed mortgage loans and business loans can do what? take out another loan? fucking retarded. News flash, if you have good credit you can still take out a fucking loan. Bush is trying to build another economic bubble on top of the collapsed one. So now when it fails it will fail doubly
Last edited by Locoloki (2008-09-25 04:27:02)
the tax payer made money eventually off the S&L bail outs and the chrysler bail out back in the 80's which was 1.5bil i think back then. however, it is a gamble. but it is less of a gamble compared to complete collapse. basically if the govt can get mortgages for .10 on the dollar, then eventually sell them and .30 to the dollar, then you make money.Mek-Stizzle wrote:
It seems like they're giving the choice of "$700bn to rescue them vs complete meltdown"
Which is stupid, because that really can't be the only choices.
What's the pro's and cons of the $700bn rescue plan?
Last edited by usmarine (2008-09-25 04:30:41)
You might aswell gamble and see what happens, rather than let everything fuck up totally. Unless, if in the future they can't sell them for a profit, and then everything fucks up anyway, and then you're just in the shit even worse.
I'd always pick, not the: "certainly fucked" option but the "gamble and possibly be better off, but possibly be worse than certainly fucked"
But that's just the type of person I am.
Then again I'm probably simplifying the situation too much.
I'd always pick, not the: "certainly fucked" option but the "gamble and possibly be better off, but possibly be worse than certainly fucked"
But that's just the type of person I am.
Then again I'm probably simplifying the situation too much.
who can afford 700 Billion? and if its to "profit" it will cost more than that, hah watch chinese investors buy it upMek-Stizzle wrote:
You might aswell gamble and see what happens, rather than let everything fuck up totally. Unless, if in the future they can't sell them for a profit, and then everything fucks up anyway, and then you're just in the shit even worse.
I'd always pick, not the: "certainly fucked" option but the "gamble and possibly be better off, but possibly be worse than certainly fucked"
But that's just the type of person I am.
Then again I'm probably simplifying the situation too much.