New Bailout Plan

[Plato]

Do you approve of the bailout plan that just passed in Congress?

[Infinite911911]

No. I dont approve of being 700 billion more in debt.

[Plato]

Even though it will "help" our economy, spending that much money on greedy CEOs is too much.

[December]

Originally Posted by Plato

Even though it will "help" our economy, spending that much money on greedy CEOs is too much.

The problem is the money isn't going to our economy. The money is going overseas to countries that have lend us money and now want to be repaid (China). The reason why Bush says this is so important is because if we don't repay China when they ask they may not lead to us in the future.

[Militant Poet]

Originally Posted by December

The reason why Bush says this is so important is because if we don't repay China when they ask they may not lead to us in the future.

The Government needs money for the invasion of Iran...HELP CHINA!!!

[Pemdas]

Originally Posted by December

The problem is the money isn't going to our economy. The money is going overseas to countries that have lend us money and now want to be repaid (China). The reason why Bush says this is so important is because if we don't repay China when they ask they may not lead to us in the future.

Yes and no. The money is going to our economy, which is closely linked to other big economies like China or Europe. Many countries depend on us returning their investment that they put into our economy; they don't want to see our economy fail and collapse. Bush probably says that this is so important because he doesn't want our economy to fail, and kill everyone else's economy.

[Ptolemy]

Originally Posted by Pemdas

Yes and no. The money is going to our economy, which is closely linked to other big economies like China or Europe. Many countries depend on us returning their investment that they put into our economy; they don't want to see our economy fail and collapse. Bush probably says that this is so important because he doesn't want our economy to fail, and kill everyone else's economy.

And if we get out of debt, foreign nations will no longer want to lend to us because we took so long to pay them back.

[Odin]

Originally Posted by Plato

Even though it will "help" our economy, spending that much money on greedy CEOs is too much.

Market is down for the second day since the bailout. See how much the bailout helped? It didn't.

[Plato]

Originally Posted by Odin

Market is down for the second day since the bailout. See how much the bailout helped? It didn't.

After AIG abused the bailout money, more government officials are probably wondering what will happen with all this money.

[Hype]

Wow look at that poll result so far. 16 No, 1 Unsure and no one supports it. Yet Washington passed it. Government by the people is dead in American.

[Ptolemy]

Originally Posted by Hype

Wow look at that poll result so far. 16 No, 1 Unsure and no one supports it. Yet Washington passed it. Government by the people is dead in American.

Look at the irony—a bill to get stimulate the economy puts us further into debt. What is up with that?

[Revolutionary]

Originally Posted by Ptolemy

Look at the irony—a bill to get stimulate the economy puts us further into debt. What is up with that?

Never have I heard a more sad irony and a perfect example of the Bush administration.

[Patrick Henry]

Originally Posted by Plato

Do you approve of the bailout plan that just passed in Congress?

I do not support it. It is supposed to stimulate our economy back into action, but $700 billion is going a little too far. Like Ptolemy said, look at the irony—the bill will cost $700 billion, so it will put us almost 3/4 of a trillion dollars further into debt, and it's supposed to get us out of debt by stimulating the economy? A bill with such irony should have never been passed and supported. What is the bill really doing? All it is is just taking money from the federal government and putting it in the banks, so we're still in the same amount of debt, and the just-as-weak money is circulating around inside the US—it is a totally pointless bill. Sure, it MIGHT stimulate the economy, but the banks themselves have to get out of debt first. I don't see how this bill is supposed to help our nation.

[Dreams]

Originally Posted by Patrick Henry

I do not support it. It is supposed to stimulate our economy back into action, but $700 billion is going a little too far. Like Ptolemy said, look at the irony—the bill will cost $700 billion, so it will put us almost 3/4 of a trillion dollars further into debt, and it's supposed to get us out of debt by stimulating the economy? A bill with such irony should have never been passed and supported. What is the bill really doing? All it is is just taking money from the federal government and putting it in the banks, so we're still in the same amount of debt, and the just-as-weak money is circulating around inside the US—it is a totally pointless bill. Sure, it MIGHT stimulate the economy, but the banks themselves have to get out of debt first. I don't see how this bill is supposed to help our nation.

The truth of the matter is that money was never even meant to stay in the US anyway. Where is the money? Where did it go? How come it had zero affect on wall street? We just spent 700 billion dollars, an amount that could have created the 17th richest nation on earth, and nothing changed. All that money went overseas to foreign debters to ensure the US keeps getting loans.

[Ptolemy]

Originally Posted by Dreams

The truth of the matter is that money was never even meant to stay in the US anyway. Where is the money? Where did it go? How come it had zero affect on wall street? We just spent 700 billion dollars, an amount that could have created the 17th richest nation on earth, and nothing changed. All that money went overseas to foreign debtors to ensure the US keeps getting loans.

All that money overseas still keeps us in debt. It was a useless bill to pass.