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Old 10-06-2008, 07:26 AM   #1
UvjqTVVC

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Default The Poor Bailing Out The Rich
Well, the whole mess is rather obscene. I wouldn't label it the poor bailing out the rich. Rather I would label it some of the rich ****ing up and the US Gov dragging everyone else (rich, poor, themselves) down with them.

The bailout started last year, with the Fed throwing the dollar under the bus to try to prop up the stock market which was being dragged down by the financial mess. That didn't work, and it essentially transferred trillions from $'s to the stock market. THis $700bn bailout is piddling by comparison, and just a drop in the bucket considering the $50+ trillion CDS cluster****.
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Old 10-06-2008, 07:51 AM   #2
Effopsytupt

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invalid poll

Californian Independence
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Old 10-06-2008, 08:00 AM   #3
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Troll >> Texan
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Old 10-06-2008, 08:07 AM   #4
exchpaypalgold

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Originally posted by DanS
This is more like the rich bailing out the rich. With the poor's money........

ACK!
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Old 10-06-2008, 08:18 AM   #5
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Originally posted by Tuberski
With the poor's money........

ACK! No, with the rich's money.
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Old 10-06-2008, 08:21 AM   #6
sportlife

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Originally posted by DanS
No, with the rich's money. Actually, with a % of everyone's $'s.
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Old 10-06-2008, 08:34 AM   #7
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They have less to tax and devalue, sure. But they pay, and pay more dearly (losing houses, being laid off, and having what little they do have devalued) than the rich. You can't pretend that only the rich pay, no matter how little you actually care about the rest.
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Old 10-06-2008, 02:19 PM   #8
Dwemadayday

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Originally posted by DanS
The lower half will pay very little indeed toward this bailout. The $700bn is going to be added to the national debt which the rich own and make interest from.

So yea, some rich will pay and fall down to the lower ranks, maybe directly from the tall buildings. But as always the poor will pay all the bills.
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Old 10-06-2008, 02:30 PM   #9
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Originally posted by Rufus T. Firefly
Isn't it more like China bailing out the rich? I mean, it's not like we have the $700 billion to begin with... China uses their trade surplus to buy the debt, so I don't know how much of this $700bn will end up in their hands unless the trade surplus increases.
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Old 10-06-2008, 03:22 PM   #10
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that's a great cartoon...


but for my hope that the second bill will be any better than the first one...

ah well at least some politicians showed the backbone once, but not enough... bah... see you in three months for 700bn more...

unless this bad debt mountain is smaller than it looks... which I highly doubt...

as for poor Americans bailing the rich (all over the world) ... but considering who you vote for into the public office, what else to expect :shrugs:
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Old 10-06-2008, 08:21 PM   #11
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There's a lot of told ya sos.... This place is ran by a bunch of idiots. I for one will not be voting "incumbant" this November. Also, why would anyone listen to Paulson?
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Old 10-06-2008, 08:42 PM   #12
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Originally posted by Imran Siddiqui
Actually it seems like it'll cost no where near $700B since most banks aren't going to accept the deal, with the restrictions placed on them. Source?
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Old 10-06-2008, 08:52 PM   #13
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Sinfest comics have been pretty good throughout this. (No stupid cat and dog strips)
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Old 10-06-2008, 09:15 PM   #14
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Originally posted by Imran Siddiqui
Actually it seems like it'll cost no where near $700B since most banks aren't going to accept the deal, with the restrictions placed on them. Of course they'll take it as soon as they figure out how to dodge the restrictions. A former Goldman Sachs CEO (Paulson) appoints a Goldman Sachs Senior Partner to administer the plan. Do you think this guy is going to screw all his old friends? Probably let them put it into some sort of deferred package.

The rich made it to 45% of all the income for the top 10% on this round. Now as a group they will fall down a few per cent. But they'll be back. Each round, the high earners get to a little higher percentage. This will keep up unless a revolt gets triggered. An awful lot of people are very mad at the Republicans right now.
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Old 10-07-2008, 11:04 PM   #15
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I'm thinking about voting anti-incumbant, and I live in the bluest of blue districts.
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Old 10-07-2008, 11:31 PM   #16
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We have the government we (Americans) deserve.... as sad as that is.
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Old 10-07-2008, 11:52 PM   #17
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We should have took to the streets. We still should.
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Old 10-07-2008, 11:59 PM   #18
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It never ceases to amaze me that the proletariat has yet to awaken in this country and take back from the greedy by force what rightfully belongs to us.
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