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Economy is going south

Discussion in 'General Nonsense' started by kwchang007, Sep 29, 2008.

  1. JC316

    JC316 Knows what makes you tick

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    I have got a plan, stop funding a fucking war in a country that we have no fucking buisness being in and divert THAT money to bailing out the banks.....
  2. das müffin mann

    das müffin mann New Member

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    i got a plan we stop with the whole war thing for a while, but we don't give the money to the banks, oh no we use on something that will benefit us in the long run, and we let them learn their lessons (they wont) and let them learn how a free market works (mixed economy really, more on the capitalistic side than socialist), it's their own damn faults they got themselves in this mess, let them get themselves out of it

    funny thing is for the great depression we used a war to help us get out of it, and now a war is what is helping us get right back in, among other factors
  3. btarunr

    btarunr Editor & Senior Moderator Staff Member

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    Proposed rescue plan: ~$700 Billion

    Wild Goose Chase in the deserts: ~$400 Million /annum

    So, Iraq is less than 1% of the money that your Government plans to paint Wall St. with. $700B is more money than countries' annual budgets.
  4. flashstar New Member

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    I wouldn't call creating a bastion of democracy in a troubled region of the world a "Goose chase in the deserts".

    I do agree that people do not grasp the full scale of this bailout plan. It would make citizens stock holders of all of the bad debt that these idiotic corporations and government have created regardless of whether the people like it or not.
  5. btarunr

    btarunr Editor & Senior Moderator Staff Member

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    No Osama found (Afghanistan) + No nukes found (Iraq) + No genuine democracy in Iraq/Afghanistan (no 100% autonomy) = Wild Goose Chase. But that's a totally different issue, we'll leave it at that.
    farlex85, tkpenalty and JC316 say thanks.
  6. JC316

    JC316 Knows what makes you tick

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    Try again. 1.2 Trillion
    Source: http://www.nytimes.com/2007/01/17/b...tml?ex=1326690000&en=7f221bfce7a6408c&ei=5090

    You are very correct about what it is though.
  7. laszlo

    laszlo

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    in my opinion the us economy has no problem;the only problem is the FED who is a private bank and like the older crashes they want to buy-out for cents all they can to get richer and you americans to get poorer

    i know many american don't believe this :http://rainbowwarrior2005.wordpress.com/2008/09/29/federal-reserve-owners-and-history/ but try to search deeper in your history and you'll find what they want to do to you all and later to us
  8. Katanai

    Katanai

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    Actually this is a good thing. Bush is just pissed that they didn't want to give him his retirement fund. :) I mean come on, why now? Your president is retiring, thus he is moving away from the state sector in to the private sector. Now he wants almost a trillion dollars to make that move with him. Of course they didn't give him the money, they need it themselves. :)

    [​IMG]

    I couldn't resist. :roll:
    Last edited: Sep 30, 2008
    SimFreak47 says thanks.
  9. WhiteLotus

    WhiteLotus

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    this is also true - how many governemnt officials are in high places in many of the banks? this is more for themselves than anything
  10. SimFreak47

    SimFreak47 New Member

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    In a city, thats in a state which is in the US, an
    I LOL'd
  11. theJesus

    theJesus

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    You know what really pisses me off about how shitty the american economy is right now? The fact that I'm only 18 years old, and like so many others, just being thrown into this giant pile of shit and expected to try and shovel my way out . . . cool, I just can't wait to see what hyper-inflation is like :rolleyes: :banghead: :cry:
  12. kwchang007

    kwchang007 New Member

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    This is so much bull for us young people. We can't get loans for school...my mom's coworker's (who's also a senator in the state senate) daughter's loan got rejected.
  13. WhiteLotus

    WhiteLotus

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    source: bbc.co.uk

    :shadedshu:shadedshu:shadedshu
  14. theJesus

    theJesus

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    :cry:
  15. Polaris573

    Polaris573 Senior Moderator

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    lemonadesoda says thanks.
  16. Nitro-Max

    Nitro-Max New Member

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    Both britain and the usa are screwing up britain closed its coal mines and most of its steel industry as well as sold off resources to places like russia , china , middle eastern countries have bought into it and govern how much we pay for gas etc we still have industry and buisness that keeps the country ticking over but to me weve sold the most vital stuff because we are now dependant on others more that have influence on somthing that everyone needs in everyday life.
    Such as petrol/oil. I just feel were making them richer by cutting our own throaghts tbh.
    Last edited: Oct 3, 2008
  17. lemonadesoda

    lemonadesoda

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    +1. Excellent read. Thanks.

    Polaris has posted some good links in this thread. What a scholar! If you are interested in politics or economics or current credit crisis, read through the thread, comments and links. Some good insights here.
  18. TheMailMan78

    TheMailMan78 Big Member

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    Chasing down the Japanese armada during WW2 was a wild goose chase... until we found them. Democracy takes time. How long was the American revolution alone? Democracy wasn't made by Orville Redenbacher.

    As for the nukes in Iraq well we never thought there was nukes. We were looking for chemical weapons. WMDs. Not necessarily "nukes" FYI we DID find some. Just not that quantity that was thought. Also the U.S. isnt the only country in Iraq trying to stabilize it. We just get the most coverage. Many intelligence agencies from all over the world thought Iraq was a bigger problem than what it was. However when you start a fire (Iraq) its your job to put it out. I shudder to think what would happen to those people if we all just got up and left. Saddam would look like a boy scout compared to what would replace him.

    Also I'm not arguing with you completely. Iraq was a mistake. No doubt. But we need to fix it now. We the American people OWE it to the people of Iraq.
  19. Deusxmachina

    Deusxmachina New Member

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    For everyone who thought bailouts are a good idea, how we doing now?

    The government gives your money to banks, and banks either put it in their safes, or they buy other companies with it.

    Government takes money from competent people and gives it to incompetent people so they can once again compete with the competent people.

    The Democratic Congress gave Henry Paulson a blank check with no means of reviewing what he does with it.

    Nice work if you can get it.
    lemonadesoda says thanks.
  20. FordGT90Concept

    FordGT90Concept "I go fast!1!11!1!"

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    No one thought it was a good idea except politicians (Franks, Dodd, and Bush included). Still, it will take upwards of another four months before we know if it that $700 was worth it. There is no way to justify gluing $150 billion extra in earmarks on it though. Frankly, I think any and everyone that decided the bill needed earmarks should be locked up for life.
    Crunching for Team TPU
  21. DaMulta

    DaMulta My stars went supernova

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    I wish I was super rich right now:(

    I would sit back and watch all you sell your homes, I would buy them all, sell you all the food. Till all the money was gone.

    Make tons of money

    Then you guys would recover, and I would sell all your homes back.

    I would be even richer after some time had past!!!!!


    Sucks that I'm not mega rich:(
  22. lemonadesoda

    lemonadesoda

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    $2 trillion

    http://digg.com/politics/The_Federal_Reserve_is_refusing_to_identify_the_recipients
  23. AphexDreamer

    AphexDreamer

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