Bob Hubbard
Dedicated LVC Member
Bail out, Schmail out, it is got this country's economy by the balls, and everyone is running around like a chicken with it's head off, and now is the time for some real action.
First off, this matter is way to big for just 434 people to be voting on it, and the nation on a whole MUST BE HEARD.
All that is happening is partisan bickering (ie. Ms Nancy BULLSH!TSKY) blaming the current administration for this fiasco, when it started long before Bush took office.
I do think those in Washington should have seen this comming, and sounded the alarm
NO ONE IN WASHINGTON IS LOOKING OUT FOR US, THEY ARE TOO BUSY TRYING TO COVER THEIR OWN A$$ES
So, what to do, what to do.
First, and I DO mean first, the securities and exchange commission Must close the stock exchange imediately.
Then put this bailout in front of the voters in November.
The market should stay closed until after the election.
This action would itself save millions of dollars.
We are talking seven hundred billion dollars, and it would be nice to know exactly where all that money is going.
I have a couple of suggestions, contingent on the out come of a national referrendum, and they are, One, instead of the government BUYING bad loans and morgages outright, the money should be LENT to these companies with payback expected, along with interest.
Give them a time frame to pay it back, or Two, drop these companies like a hot potato, and wipe the slate clean.
Take the 700 billion, and give it back to the taxpayers.
That alone would stimulate the economy.
I am not in favor of rewarding those that were so damed greedy, that they allowed their greed to put us in this predicament in the first place.
I am old enought to remember when the only things that were bought on credit were a house and car.
The rest was cash annd carry.
I grew up being taught if you can't pay cash, then you don't need it.
I think, and have for many years, the credit card is the worst thing that ever happened to this country.
That opened the flood gates to uncontrolled bowering, and spending without the funds to back it up.
Now here we are with hundreds of billions of dollars on the line, and the people who represent us in Washington are dragging their a$$es to decide what to do.
What to do, is let the people decide.
Bob.
First off, this matter is way to big for just 434 people to be voting on it, and the nation on a whole MUST BE HEARD.
All that is happening is partisan bickering (ie. Ms Nancy BULLSH!TSKY) blaming the current administration for this fiasco, when it started long before Bush took office.
I do think those in Washington should have seen this comming, and sounded the alarm
NO ONE IN WASHINGTON IS LOOKING OUT FOR US, THEY ARE TOO BUSY TRYING TO COVER THEIR OWN A$$ES
So, what to do, what to do.
First, and I DO mean first, the securities and exchange commission Must close the stock exchange imediately.
Then put this bailout in front of the voters in November.
The market should stay closed until after the election.
This action would itself save millions of dollars.
We are talking seven hundred billion dollars, and it would be nice to know exactly where all that money is going.
I have a couple of suggestions, contingent on the out come of a national referrendum, and they are, One, instead of the government BUYING bad loans and morgages outright, the money should be LENT to these companies with payback expected, along with interest.
Give them a time frame to pay it back, or Two, drop these companies like a hot potato, and wipe the slate clean.
Take the 700 billion, and give it back to the taxpayers.
That alone would stimulate the economy.
I am not in favor of rewarding those that were so damed greedy, that they allowed their greed to put us in this predicament in the first place.
I am old enought to remember when the only things that were bought on credit were a house and car.
The rest was cash annd carry.
I grew up being taught if you can't pay cash, then you don't need it.
I think, and have for many years, the credit card is the worst thing that ever happened to this country.
That opened the flood gates to uncontrolled bowering, and spending without the funds to back it up.
Now here we are with hundreds of billions of dollars on the line, and the people who represent us in Washington are dragging their a$$es to decide what to do.
What to do, is let the people decide.
Bob.
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