Failout Fun

re: Failout Fun

landonmkelsey — Wed, 01 Oct 2008 19:27:44 GMT

Best said by:

Monday, September 29th, 2008

The Rich Are Staging a Coup This Morning ...a message from Michael Moore

Friends,

Let me cut to the chase. The biggest robbery in the history of this country is taking place as you read this. Though no guns are being used, 300 million hostages are being taken. Make no mistake about it: After stealing a half trillion dollars to line the pockets of their war-profiteering backers for the past five years, after lining the pockets of their fellow oilmen to the tune of over a hundred billion dollars in just the last two years, Bush and his cronies -- who must soon vacate the White House -- are looting the U.S. Treasury of every dollar they can grab. They are swiping as much of the silverware as they can on their way out the door.

No matter what they say, no matter how many scare words they use, they are up to their old tricks of creating fear and confusion in order to make and keep themselves and the upper one percent filthy rich. Just read the first four paragraphs of the lead story in last Monday's New York Times and you can see what the real deal is:

"Even as policy makers worked on details of a $700 billion bailout of the financial industry, Wall Street began looking for ways to profit from it.

re: Failout Fun

Small businessman — Wed, 01 Oct 2008 19:33:27 GMT

We are a small business owners (almost 3yrs) and we find it getting tougher everday just to keep our doors open.we have cashed in EVERYTHING we have and don't want to loose it .We have a GREAT staff and if we close I will feel like I let them and their families down.Now I am not a very bright person but to me it seems to me that this ball of yarn started coming undone when gas started sky rocketing everyday with one person saying I can't take this loose by myself, so as anyone can see it's kinda like that old saying (it all rools down hill).I know our "elected officials" say they feel our pain, whenh was the last time they HAD to buy gas out of their own pockets? I am not afraid of to much but this mess has me scared.

re: Failout Fun

dmihailescu — Wed, 01 Oct 2008 19:37:37 GMT

Can't find money for our < crumbling infrastructure> but there is plenty for Wall Street gamblers.

re: Failout Fun

landonmkelsey — Wed, 01 Oct 2008 19:38:54 GMT

Jail the Corrupt!!!

Here is a quote from Andrew Jackson, railing on a delegation of bankers in 1832:

“Gentlemen, I have had men watching you for a long time, and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I intend to rout you out, and by the eternal God, I will rout you out.”

re: Failout Fun

landonmkelsey — Wed, 01 Oct 2008 19:39:51 GMT

$700 B = $700,000 millionaires

insanity

re: Failout Fun

landonmkelsey — Wed, 01 Oct 2008 19:48:50 GMT

strange...where was bush/cheney/congress during the gas crisis?

now they are coming out of the woodwork

re: Failout Fun

lorilevi — Wed, 01 Oct 2008 19:58:30 GMT

Dear Government: Please use this as your authority to take me off of your list of participants in the bailout. I think the economy will work just fine for me if it is left up to the people that will work and support themselves and live within (for the most part) their means. I will be with the people that will raise and educate their children so that they will become functioning adults that will also work hard and support themselves and believe in the USA and try and have fun along the way. Thanks for listening.

re: Failout Fun

cani77 — Wed, 01 Oct 2008 20:11:21 GMT

n a few weeks we will make a choice that will decide our future.

I follow an economist named Bob Proctor. He has called the top and bottom of every market crash since the 70s correctly.

Also, he perfectly predicted the current real estate market meltdown and the picture he paints about what will happen in the next couple years

is terrifying.He thinks it will be worse then the great depression.

The banks in the U.S. are going under one after the other. Countrywide the largest morgage bank in the world,Bear Stearns, Lehman Brothers and Merrill Lynch which are 3 out of the top 5 wall street firms. Also, Fanny and Freddy Mae which hold 50 percent of the home loans in the United States.

The government took them over because they are essentially bankrupt.If they didn't the entire financially system would virtually shut down, the stock market would crash and we would suffer beyond what any of us have seen before.

McCain just like Bush " doesn't understand the economy".

That not just my opinion its his own words. Not only does he not understand how to fix it but he does not understand exactly what is broken.

It is no surprise that he doesn't. The people that make up these securities use complex mathematical models very few people understand.

Bush and McCain both can take the credit for this mess since they helped deregulate the laws that were protecting us.

Bush's economic advisor Phil Graham wrote the deregulation bill that allowed banks to take huge risks with all of our future.

Now, Phil Graham is the head of McCain's economic policy.He is also McCain's choice for the next secretary of the treasury.

No one in this country can afford for that to happen. The last time Bush met with his economic advisors was in March. He either didn't care or didn't realize that anything was wrong. Phil Graham had the guts to say that we are in a mental recession after he helped create the worst economy meltdown in our lifetime.

It will take the best and brightest minds in the world to get us out of this nightmare. As bad as Bush has done, McCain would be

even more destructive because things are in much worse shape. The next president will not inherit a surplus like Bush did but a tanking economy and a 11,600,000,000,000 (trillion) dollars deficit. Most of it Bush created and it will take decades to pay it back.

If you do what you have always done then you will get what you have always got.

When it comes to policy Bush and McCain are the same 90 percent of the time.

So why are the polls even close then ?

re: Failout Fun

Omnius — Wed, 01 Oct 2008 20:20:04 GMT

The political cartoonists are having a field day with the newest financial crisis. I like the M Borgman cartoon from Sunday that shows Bush looking into a big pit and using a megaphone to shout down "Hankie, you're doing a heckuva job!". The only downside to Obama winning next month is that the second coming (Nixon provided the first) of the Golden Age of Liberal Comedy will come to an end with the worst president in history stepping down. But I'm willing to forego more great liberal comedy in order to get a president who I think is actually smarter than I am.

re: Failout Fun

Whiskeytea — Wed, 01 Oct 2008 20:23:15 GMT

You forgot to mention the t-shirt sites that are spoofing this crisis. Here's one of the better examples:

http://www.t-shirthumor.com/Merchant2/products/nows.html?Category_Code=tops

re: Failout Fun

stimluateamerica — Wed, 01 Oct 2008 20:28:49 GMT

Ok, this started as an e-mail joke, but the more I think about it, the more sense it makes. Here goes - I'm willing to accept the bitter pill of bailing out Wall Street...I get the concept that if we let them fail we will be cutting off our noses to spite our faces. However, in addition to the suggested oversight in the last version of the bailout....let's only give them $600 billion dollars. The other $100 billion can be divided among all Americans 18 years and older. I believe that gives each of us approximately $400,000 dollars.

This proposal helps Wall Street (yuk - that still bothers me), but it does a whole lot more to stimulate our economy than the $600 stimulus package ever did. Want to get Americans to start spending again? Give us the $$$ and we will show you what we can do with it. Want to get Americans to buy more cars and at the same time help the auto industry? Give us the $$$ and we will show you what we can do with it. More jobs will be created...more money will be spent...more homes will be saved from foreclosure?

Hey, why not????

re: Failout Fun

b dune — Wed, 01 Oct 2008 20:57:41 GMT

to stimulateamerica

- like many others you want to confuse the facts with "math"! Let's take your proposition that we give everyone over the age of 18 $400,000 (as you say - think you got this number from erroneous email floating around). Assume we have 150 million people over 18 multiply that by your $400,000 dollars - surprise, surprise - that would equal $60,000,000,000,000 Trillion $ - that is with a T!

That would equal 50 times the losses of Stock Market - 6 times the national debt! So let's put you in charge for a day sp you can show us "what you can do"!!

By the way - in actuality the 100 Billion you say will be left over would give us each $666 - you know - that meager stimulus package number you talk about.....get a grip on how much money we

are really talking about - do your math next time before you "swallow someones elses emails"!

re: Failout Fun

stimluateamerica — Wed, 01 Oct 2008 21:06:21 GMT

to b dune

Thank you for clarifying my math...and the errors of my ways. Fantasy was starting to appear closer to reality. I'm back on track now and will leave the "fuzzy" math to Washington and Wall Street.

re: Failout Fun

upset-1 — Sat, 25 Oct 2008 20:44:36 GMT

I THOUGHT THAT THE BAILOUT WAS TO BE REGULATED TO JUST THE BANKING SYSTEM AN NOT TO EVERY JOHNNIE COME LATELY COMPANY WITH THEIR HANDOUT FOR A LOAN CAN YOU SAY AUTO, INSURANCE COMPANY'S AN ANYONE ELSE THAT THIS BUSH ADMINSTRATIONS CRONIES WANT TO BAIL OUT THEIR BUDDY'S COMPANYS AT THE TAXPAYERS EXPENSE. I PERSONNALY SAY THAT THERE IS NO SUCH THING AS A COMPANY THAT IS TO BIG TO FAIL IF THEY HAVE GOT OR HAVE HAD BAD 7 MISMANAGEMENT RUNNING RAMPANT WITHIN THEIR COMPANYS ALONG WITH EXTREMELY EXCESSIVE EXECUTIVE COMPANSION THEN I SAY LET THEM GO UNDER

re: Failout Fun

WidernessVoice — Thu, 13 Nov 2008 17:52:07 GMT

Dear Upset-1 surely you were not naive enough to think they would do what they said! Remember, Paulson first wanted $700Billon with no oversight or checks and balances! He basically got it, since he has ignored putting oversight into place. He will do anything he pleases with that money - and how dare we complain??We shoud just shut up and keep forking it over for his Wall Street friends. This will not end until January, when we get infrastructure spending, and mortgages included in bankruptcy. Until then, hold onto your hats, boys, it's going to be a rought ride!