That the country will still be in the crapper?? Circuit City files for bankruptcy, GM is going down big time, DHL US domestic is shutting down completely (9,500 jobs lost) all on the same day that AIG get’s an upgraded bailout package worth $150 billion while their execs are still going off on spa vacations??
This bailout doesn’t really seem to be helping, does it?
its not going to change a thing theres to many people out of work and people have lost there retirement and nobody really can be dumb enough to go in debt on a new car. the most we can hope for is to stable wall street but that’s a joke. we had better get ready for the worse
its not going to change a thing theres to many people out of work and people have lost there retirement and nobody really can be dumb enough to go in debt on a new car. the most we can hope for is to stable wall street but that’s a joke. we had better get ready for the worse
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I just saw circuit city in the news plus mervins in the news a couple of days ago, we keep supporting the biggest corporations that give little back to the people,wall martt is doing well but that could change, and when it does people may discover that corporate america loves money and not you, the same mistakes over and over, i sawdocumentariess during clinton speaking of the problems so it is not just the republicans but they are wayyy worse, this is the time to rebuild and everyone needs to help, one man making millions for pretty much nothing cannot fly anymore and those who support them and they have to budget allows them free access and they screw themselves as well as ME.
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I am worried that $700 billion won’t be enough. I think it is time for our elected officials to rethink how they are handing out that money. I have said right from the beginning of this whole bailout mess, that there should be money available to the average citizen through newly established Federally backed credit unions. People who still have a job and a credit score will buy there own way out of this mess. Money will flow back to the banks in form of payments of debt. Isn’t consumer debt really a big issue right now?? Many experts say that the bank bailout will only work if the housing market stabilizes. Put some of that money at the bottom and just see if that doesn’t help…low interest mortgages…why not try it. Really couldn’t be worse now. Also, some of that bailout money should also go to the auto companies, even if it will only keep them afloat for a while until the housing market corrects.
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Your new elective has caused everyone to dump their stock because of his tax plans. It appears the bailout has helped for about 2 weeks. Now it’s over and we are going down. I guess the 95 % receiving tax breaks is now over as well and we can look for a whole new line of BS. Our retirements are probably about to be gone, 401′s gone, IRA’s gone and they wanted you to hate Enron. Imagine that.
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Those bailout money are merely a limited resource as a glass of water in comparing to water in all the oceans.
The idea was to keep the banks running so that all can be business as usual.
Nevertheless, this is a great time to test every business organization: only the winners can state in the game.The direction of business is also very clearly defined by customers: very cheap products or very luxury. Unfortunately, GM and circuit city are not in those extreme. Then, they are classified as garbage.
As the old saying: once there is will, there is ways.
As a government, their strategy is to keep people’s will in doing business.
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It just means that they have to print more money, which is bad any way you look at it. The Monroe plant that my aunt works at that makes shocks for Fords is completely shutting down, which means that town will fold up like an accordian.
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Bailout is just like a dying person on life support, that does not resolve the root cause. The real problem we have in this country is we have reached the final stage of the GREAT CAPITALISM, which is IMPERIALISM. That is why we start to see one war after another, a new round of cold war,…. with the purpose to redirect people’s attention from domestic economy disaster to international confrontation.
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I am fairly certain that is exactly what is going to happen. The bailouts are just plain wrong.
But our government and both political parties are owned by the rich elites and the corporations.
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