Bailouts!!!!! (unemployment, wages, health care, how much)
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There never should have been a bailout. Let the market deal with failing businesses and let failed individuals file bankruptcy. Taxpayers should never be responsible for directly saving these businesses and individuals. Where does it stop with our government willing to hand out taxpayer money to virtually anyone. It's just stupid...
It's really about running out of cash. That's the problem. The markets cannot help fix businesses running out of cash. Therefore the bailout was very much needed.
American Express seeking $3.5 billion as part of government bailout program
WTF!!!!!!!!!!!
I knew this crap would get out of hand.
LET THEM LOSE THE MONEY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Stop spending our money and tax dollars to bailout billion dollar companies who make mistakes!!! That is not in the constitition and slap in the face to liberty, freedom and free markets. YOU F up you should pay the price not the tax payer and or going to the FED.
THIS IS CRIMINAL!!!!! On so many levels!!
Why isnt anyone stopping this, why are will all just sitting here not outraged. Congress has completely lost their mind and asking for more bailouts. No oversight, no BAILOUTS for anyone!!!!! that is not the governments job.
Every corporation is going to ask for a bailout then next every citizen is going to ask for free money and more bailouts and the stupid congress is going to "give it to them".
Where is your rage at the CONSUMERS who were STUPID enough to dig themselves into deep financial holes? There is EQUAL CULPABILITY on both sides of the equation. Both the consumer who was an idiot and the banks who gave them money should be allowed to crash and burn. Go down in flames, and let the economy rebuild itself without dipping into MY pocket.
Where is your rage at the CONSUMERS who were STUPID enough to dig themselves into deep financial holes? There is EQUAL CULPABILITY on both sides of the equation. Both the consumer who was an idiot and the banks who gave them money should be allowed to crash and burn. Go down in flames, and let the economy rebuild itself without dipping into MY pocket.
I believe it was the subprime lending fostered by government that produced
the bad loans. Leave it to government to create a problem and then blame
the citizens for it.
It's really about running out of cash. That's the problem. The markets cannot help fix businesses running out of cash. Therefore the bailout was very much needed.
If you run out of money, you should fail. The big three auto makers have had decades to understand what is needed to compete and survive. If they haven't figured it out yet - they NEVER will. Let them fail. It's just that simple.
Why should someone making $15 hour pay to bail out a company that runs out of money, which pays employees $50 hour? It's not fair and it does not compute!
If you run out of money, you should fail. The big three auto makers have had decades to understand what is needed to compete and survive. If they haven't figured it out yet - they NEVER will. Let them fail. It's just that simple.
Why should someone making $15 hour pay to bail out a company that runs out of money, which pays employees $50 hour? It's not fair and it does not compute!
Yes, and maybe if they would have invested in the design and manufacturing of autos that get better gas mileage, or run on electricity instead of GIANT SUV's, they wouldn't be doing so badly right now. It's their own fault.
I believe it was the subprime lending fostered by government that produced
the bad loans. Leave it to government to create a problem and then blame
the citizens for it.
The people who signed for those loans ARE to blame. Nobody held a gun to their heads and forced them to agree to outrageous terms. Nobody told them they were required to buy a $500k house on a $40k salary. Nobody has to have a new car every other year. Nobody really NEEDS a 52" plasma television. Et cetera...
Banks shouldn't have offered the loans, and the consumers SHOULDN'T HAVE TAKEN the outrageous loans, period. Fifty-fifty culpability.
the people who signed for those loans are to blame. Nobody held a gun to their heads and forced them to agree to outrageous terms. Nobody told them they were required to buy a $500k house on a $40k salary. Nobody has to have a new car every other year. Nobody really needs a 52" plasma television. Et cetera...
Banks shouldn't have offered the loans, and the consumers shouldn't have taken the outrageous loans, period. Fifty-fifty culpability.
ABSOLUTELY! There should be no bailouts- to individuals or to corporations.
If you run out of money, you should fail. The big three auto makers have had decades to understand what is needed to compete and survive. If they haven't figured it out yet - they NEVER will. Let them fail. It's just that simple.
Why should someone making $15 hour pay to bail out a company that runs out of money, which pays employees $50 hour? It's not fair and it does not compute!
Thank God not everyone of us can become a politician. When a company like GM fails - some dealerships will fail, some advertising agencies will fail, some television networks won't fail but their revenues will perhaps greatly decrease, auto parts manufacturerers will fail.........the list goes on and on and on. As of November 2008, approx. 1.3 million jobs were lost in 2008 alone. Now, sit there and let GM fail and count how many jobs will be lost in just three months alone.
Where is your rage at the CONSUMERS who were STUPID enough to dig themselves into deep financial holes? There is EQUAL CULPABILITY on both sides of the equation. Both the consumer who was an idiot and the banks who gave them money should be allowed to crash and burn. Go down in flames, and let the economy rebuild itself without dipping into MY pocket.
I agreee both companies and consumers are at fault. SO let the economy fail and rebuild itself and get rid of the Federal Reserve System too.
The people who signed for those loans ARE to blame. Nobody held a gun to their heads and forced them to agree to outrageous terms. Nobody told them they were required to buy a $500k house on a $40k salary. Nobody has to have a new car every other year. Nobody really NEEDS a 52" plasma television. Et cetera...
Banks shouldn't have offered the loans, and the consumers SHOULDN'T HAVE TAKEN the outrageous loans, period. Fifty-fifty culpability.
I believe the government held a gun to the heads of the lenders by forcing them to accept subprime loans or else-the or else being that they would not
receive FDIC support for expansion. The people that were forced down the banks throats would not have qualified under normal circumstances. Those risky types are what is costing you and I because of the devaluation of our
dollar and the loss of value in the homes that we keep payments up to date on. What happens when you owe $250K and your home value has declined
to $150K - It isn't very pretty.
I blame the congress for most of this because they jammed the subprime
into a system that was working just fine. When people that were not responsible enough to qualify under the old system could suddenly get
a house with no money down and default later, why not ? They did not
have to be responsible, they could just dump on us. The fact that congress established this kind of system is criminal on their part because they stole
from the reponsible to provide give aways to the irresponsible and that is
reprehensible, IMO.
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