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He is putting the whole world economy at risk of melt town, by making this 700B bail out very political...
He BS about benefiting ppl on main street. LOL, helping those people who are in problems that created by themselves because they were speculating on real estate, is not benefiting ppl on main street. The only fair, good way is for government to take shares and dillute those huge shareholders. Bush's political ambition might not be supported by many people. But he is a president who aim at taking the problem's core. This bail out is suppose to be passed over the last weekend. But he has turned into a political mess now. Let's see how ppl on main street is going to be "benefited" if this bail out doesn't go thru, and huge population goes unemployed. This year's Oscar Award goes to Obama. Congratz.
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HUSSEIN for president,,, are you kidding????? Last edited by intertemporal; 09-25-2008 at 11:28 AM. |
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second, u r not admitting the fact that it is Obama's line about benefiting ppl on main st.
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HUSSEIN for president,,, are you kidding????? |
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I'm still confused as to what would happen if we didn't bail anybody out.
Wouldn't new lending shops open up and real estate prices come down so poeple can start affording them? I thought that was a good thing. What sectors will be affected most? I'm in the IT field and I don't think my sector is at risk. I'm thinking low income jobs will be affected but could bounce back. Nobody has a crystal ball so until someone has details on exactly what would happen I would not like to see the feds bail anybody out so I think Obama is half right Last edited by The Balance; 09-25-2008 at 11:43 AM. |
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if the bail out doesn't go thru,, banks won't lend money to businesses those who need the money to buy inventory on credit,, prepay rents,, etc... then it would lay off ppl.... then unemployment goes up. then less consumption, business down,,, it triggers the whole economy. IT won't be affected as much...
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HUSSEIN for president,,, are you kidding????? |
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You're not to be so blind with patriotism that you can't face reality. Wrong is wrong, no matter who does it or says it. -Malcolm X- Change is in the results, not the people doing the work. A team of engineers can do brilliant things under the right leader, or crash and burn with code that won't even compile under the wrong leader. -Unknown- |
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