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Old 09-25-2008, 11:26 AM
intertemporal intertemporal is offline
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Default Obama deserves an Oscar Award-700B bail out

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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Last edited by intertemporal; 09-25-2008 at 11:28 AM.
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Old 09-25-2008, 11:32 AM
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Originally Posted by intertemporal View Post
He is putting the whole world economy at risk of melt town, by making this 700B bail out very political...
Huh, what are you talking about. McCain's the one politicizing it with his announcement. He's running for ambition, not patriotism

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Old 09-25-2008, 11:39 AM
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Huh, what are you talking about. McCain's the one politicizing it with his announcement. He's running for ambition, not patriotism

YouTube - McCAIN: President Run For 'Ambition' NOT Patriotism - Admits ON TAPE!!
first. ur video's edited. it's not the original one.

second, u r not admitting the fact that it is Obama's line about benefiting ppl on main st.
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Old 09-25-2008, 11:41 AM
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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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Old 09-25-2008, 11:44 AM
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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.
new lending firms won't be able to supply the market with enough money needed to run the market.

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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Old 09-25-2008, 11:45 AM
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Quote:
Originally Posted by intertemporal View Post
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.
You know im starting to wonder myself do you start threads without any forthought or research on the issue? There has been an agreement reached between both parties.

Quote:
Originally Posted by intertemporal View Post
first. ur video's edited. it's not the original one.

second, u r not admitting the fact that it is Obama's line about benefiting ppl on main st.

This bill wasnt the bill to add additional baggage to as we needed this to be passed with as much forethought and consideration of the American consumer as possible.

Please save us your "Anti-Obama threads and actually read headlines before you go spouting off.
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Old 09-25-2008, 11:47 AM
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Originally Posted by The Balance View Post
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
Most sectors we will see affected are in the Banking and Financial industry, however i'm in the exact field you are and i feel a bit skeptical. Big business goes under they no longer have a need for an IT Department. Now of course we can always find other work but in this economy nothing is guaranteed im afraid.
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