The Mudcat Café TM
Thread #114650   Message #2508209
Posted By: Bobert
04-Dec-08 - 08:48 PM
Thread Name: BS: The Bailout
Subject: RE: BS: The Bailout
Youn have it right, T...

Why give money to the rich when wwe don't have a credit crisis, we have a wage and job crisis??? Wages have been stagnant beginning the year that Ronald "The Deregulator and Union Buster" Reagan took office... That is how long that American wages have been stagnant... And that is why we are in this pickle...

Then, from these deregulations, banks offered "products" which were evil... Like crdit cards to college kids... Like interest only, no downpayment, to home buyers... I mean, the schemes they came up with were so far out that the only way to describe it is "Fact is tsranger than fiction"...

Then when it looked as if so9me of these were going to backfire on the lenders they bought congressman to pass the bankruptcy "reform" (hahaha) that aloowed the lenders to harrass the borrowers right into the grave??? What was that all about, T??? I've read that upwards of 500,000 promising college kids had to quit college because of the preditory credit card lenders hounding them 24/7, hauling them into civil courts, freezing their bank accounts, putting liens on thei cars, etc... Is that your idea of goodness, T???

As for the Big Three, T, seein' as Wall Street came in and fleeced the taxpayers for, ahhhhhh, who knows for sure??? $300B??? $350B??? $600B??? Who knows??? Well, sniff, I figure if we can run that much money thru the shreader then, hey, $50B to save a million jobs??? I can live with that... That is a bargain...

BTW, T. I still haven't heard yer plan other than banks is where you go to borrow money??? Is that yer plan??? Well, if so then why after getting between $300 and $700B of my tax dollars aren't they, ahhhhhh, lending any money???

I hate to say this, T, 'cause you know I have a sof spot in my heart fir ya', but the stuff you post here is, ahhhhhhhh, alot of hot air with no real substance to it... And I mean, alot... You'll prolly be up all night writing more of it... So much of it that it will fill screen after screen... That will be fine... It will keep you entertained... It will be pure unatered BS but, hey, this is the BS section so have a night of it...

BTW, my econmic theories aren't that far off froma economist who was just awarded a Nobel Prize for his views...

You again, are one the outside looking in...

B~