Oh, I get it. Kinda like the bailed out banks
Posted By: that extend credit? Wow. on 2009-02-07
In Reply to: Who do you think hires employees? It AINT the - poor, honey. At least be realistic! nm
I feel so much better now.
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I thought we already bailed them out
in about 3-4 months and will continue to want more money for the next 2 years. Oil companies should bail them out. I do not want to see 3 million out of jobs either that is just related to the car industry. Today Sun Microsystem announced 6,000 layoffs and Citigroup 10,000 and other companies.
The car industry needs to fire their managers. Get new managers in who know what they are doing. I heard the southern states (foreign) auto manufacturers are making about 17.00 an hour and are doing really well and building new plants. Some GM workers make about 35.00 an hour in Michigan area. This was stated on MSNBC 1 hour ago.
http://www.forbes.com/home/2008/11/10/flint-cars-automakers-biz-cz_jf_1111flint.html
It is not the errant homeowners who are being bailed out...sm
it is the lenders. Poor hoodwinked borrowers get nada.
The only reason I am for the bail out is I want to get a pay check next week. I work for a big national and have direct deposit. Do you think my company mails a check to my bank every payday. No it is drawn on a line of credit. If everything collapses and lines of credit dry up, you and I may be affected.
If our bailed-out auto industry doesn't invest enough
over their addiction to fossil fuels to power them, why bother to buy a new one, I'll just keep patching my old one together. At least it's paid-for, so I don't have to support the Evil and Deceitful Banking Industry with my hard-earned money. I'd rather it go to a *real* worker, like my faithful mechanic!
Banks
Out of 10,800 banks in this country, only .5% of 1% of the banks failed...............
which means Obama should have left it all alone. If he truly had people around him that cared about this country, they would have informed him to let the banks fail, that there were plenty of strong ones out there and he should just let the chips fall where they may.
He has stuck this country to the tune of trillions and we will be paying the price big time in a year or so when the inflation boom hits...... he preyed on fear, knowing so many would just think he suddenly knows the best thing to do. The best thing to do was nothing. Private companies fail all the time and the stronger ones survive. Simple as that. Strong ones buy out the weaker ones. That would have happened with no interference from the governement at all, as usual! Just like all the car manufacturers aren't failing. Fiat is looking at buying Saturn..... and life goes on. Private businesses should always be left alone.
The only reason AIG got such a big bailout is because many democratic friends of Obama and his cronies work there.... the names aren't that hard to find but you have to look for who knows who to start getting the picture. Such a pathetic shame!
And if the gov't had not deregulated banks,
brought about by pubs.
Deregulation of what, may I ask? Banks,
Two more banks go belly up..... sm
bringing the total to 19 failed banks now. 
http://money.cnn.com/2008/11/07/news/companies/bank_failure/index.htm?postversion=2008110721&eref=rss_topstories
don;t forget foreign banks
successfully lobbied to be included in this bailout. (John McCain's financial advisor Phil Gram is head of USB, Swiss bank)
And government ownership of banks.
x
it is called "job banks" and -
http://www.foxnews.com/politics/2008/11/21/automakers-ask-bailout-paying-workers-sit/
Here's the link to read all the information. They can do volunteer work for the community if they want to - but it is not required. Mostly they just sit there and collect the $31 an hour.
It should be $$ for banks, big oil and wall street, right?
x
And banks didn't have a choice?
They loaned money to people to buy McMansions that they could not afford - on purpose. The housing industry was booming. That way, they could forclose on these bad loans - keep the down payments and subsequent payments and resell the house. They were trading paper. Maybe you ought to educate yourself. Nah. Too far of a stretch. After all, the constitution-abiding president who just slunk off with his tail between his legs wasn't at all concerned about civil rights or the constitution. He was playing monopoly and destroying everything in his path - like rich, spoiled little boys do. You know, the ones who go AWOL from their service and receive no punishment. He probably still suckles grandma Barbara.
How many mortgages got sold to other banks?
Look at the big picture. They were selling houses to anyone who would sign on the dotted line - they did not give a fig whether or not you could afford it. They then boxed up a pile of these mortgages and sold them to other banks or mortgage companies with the premise - here's a box of rocks, there's gotta be a diamond in there somewhere. They WANTED these mortgages to fail. The housing market was booming - take the down payment, pass the mortgage around - foreclose on hapless patsies - and resell the house. They were MAKING MONEY OFF OF DOING THIS!!! But, they got greedy, and that box held all rocks and no diamonds. They screwed themselves as well as the American people who fell for this sham. But who is going to suffer the most?
That happened when the **banks got drunk**
//
This is truly socialism. These banks and rich Wall
Street types would be crying out if they gov't did this for the people, but they are begging for the help now. They had better come up with a plan that includes not big pay days for CEOs, etc. I was watching The View and Whoppi said they need to include something for the people, like wiping out half of the mortgages so the actual people who will benefit the economy, i.e. us because we spend money here in the U.S. can get back on our feets and go out and put some money back in the economy and not have to worry about losing a home, etc. I totally agree with that, but I can pretty much guarantee that will not happen.
Marx: Centralize credit in the banks.
private property. Right any bells?
How about Bush's plan of buying banks?
What's that called?
A Quiet Windfall for US Banks (While You Weren't Looking)
Here's you starter-kit that went under the radar screen, tax and spend lovers...
» Washington Post: A Quiet Windfall for US Banks
Who gave the banks all that money with no oversight?
This site would be much more interesting if you knew what you were talking about. You'll be sniveling in the bread lines along with the rest of us as a result of Bush's "I'm the Decider" BS. Better add some vodka to that Kool-Aid - it's going to be a miserable ride.
Same with the banks - they've lost MY business,
- if EVER. Take my Mastercard, for instance. Been a loyal customer, same bank for 30 years, yada, yada. Always make my payments, often in full, and other times way over the minimum. Never late, my checks don't bounce. So they raise my finance charges from 9% to 29% in one fell swoop!
Needless to say, that's it for me. I cleaned out my bank savings (which was only earning about .02% interest), and paid off the Mastercard with it. Will close the account. Now that there are checking account debit-cards, who needs the charge card? Plus it'll keep me from spending more than I have. In a dire emergency, I can always siphon a little out of my money market (which still earns something like 4-5% interest) to pay for emergencies in FULL, without running up credit card fees. So, there goes part of the banks' income!
If all of us rearranged our finances in such a way that we pay NO fees or finance charges, maybe the banks would have to find an HONEST way to make a profit. Wouldn't THAT be a revelation.
I kinda think they would both
look out for themselves. That's exactly what they're doing now, trying to win the prize, never mind if they have to whack their own mother...but that's just my opinion.
She said ACORN bullied banks into giving the loans....
she just said Obama was associated with them. ACORN did bully banks, and Obama WAS associated with them, through Project Vote. He trained the ACORN folks how to get out and get people registered, hired them to work on his senate campaign, and ACORN endorsed him. And they are under investigation for voter fraud in ALL the swing states. Admitted in Ohio today: yes, there will be fraud, its not our fault, we can't check every registration. Sounds like "He was just a guy in the neighborhood" excuse. Looks like he taught them well.
This guy is so dirty.
If socialism doesn't work - then why did W give the banks all that $$?
nm
Well...that kinda clears it up...LOL. (nm)
nm
Kinda like US Weekly!
Who has lost thousands of subscriptions over that so-called piece about the sex and lies. Both Megyn Kelly & Laura Ingraham made that loon look even more stupid than he was. But it's so easy to do. All one needs to do is take their words and hand them right back to them. Gets 'em every time.
I don't give any party a free pass, tho. I have more respect for my own self than that!
try "craps out"....kinda like...all the...nm
crap that spats out of you and others of your ilk on this board, towards the republications.
Your handle of TP fits
kinda on a different tangent but....sm
but my husband said to me the other day, that Biden is the gift that keeps on giving....to the other side that is, what with all his verbal gaffes in recent days.
There's a reason Biden never made it past the primaries in all the other times he tried to run for prez.....your articles included, and the fact that he keeps dissing his own side (unintentionally, of course, but I guess that's just Joe).
It might be kinda' cool!
I was just kinda shocked to see you
would campaign for a known unqualified person for the presidency. I do imagine they wll get around that though one way or the other. He is just what we need for president. NOT.
It should be interesting. I just wonder what kind of deal was "really" made between Obama and Hillary. Unless I miss my best guess she isn't going to play second fiddle to anyone.
I was kinda wondering about that myself
Considering the veil of secrecy the previous administration operated under, I'm kinda stunned that they're making this an issue. I don't remember this outrage when Cheney held his secret covert meetings to form energy policy with the members of the oil cartels. That directly impacted each and every one of us as it served to guide policy, yet I don't recall this outrage from the right regarding that.
I'm an independent (the real kind, not like Bill O), but I'm just a bit amazed about the short memories some people seem to have if they Obama is raising the fear level.
Bush made Wall St Socialist and our banks so why do you even bother
We have socialism now but it's not the poor you blinded bigot.
"Evil" is George Bush, Wall Street, the Banks,
NM
Ok....I just thought it was in kinda bad taste.
But...whatever floats your boat. I did think I would never hear anything negative about the left leaning from him...and I never expected to hear him say that. Oh well...whatever floats your boat. Enjoy! :)
Does the behavior on this board not kinda...
support that?
kinda syrupy, but cute.
nm
This was kinda cute for Halloween....sm
http://www.comics.com/comics/jumpstart/index.html
(halloween political link.....)
Happy Halloween all.......going to splurge and get myself some candy, since living on a mountain we don't get any trick or treaters...unless you count the bears that aren't hibernating yet!!!
Dunno but I think it's kinda cute. n/m
x
Well, crow is kinda tasty once you get used to it. LOL
x
You mean kinda sorta like some retired ex-MTs who do the same..
and paint gourds in their spare time?
Yeah, kinda sorta like those. LOL
x
Hey, what kinda pansies hold their
tea party indoors?
I kinda like the puff, light, etc.
Saves some money and if I put them down, they go out instead of burning away. I had my first carton of 'em last week. Took 7 days for that carton. Sunday I started my second carton. I'm almost through that one today because it's not a "puff and light."
Some day....
Your precious Bush turned Wall St socialist and the banks TRUE
you voted for him and look what happened SOCIALISM by BUSH
It's gettin' kinda late, but you got me LMAO.
x
Nahhh.....I just thoughtit was kinda cute. nm
I won't hide! It's kinda hard to give
posts any merit when the writer won't come forward. I don't like getting slammed, but what the heck--guess I deserve it sometimes.
Yeah...kinda like a 'whack-a-mole'...
And just who, pray tell, is Crackers? Sounds kinda
But, whatever makes the three of you happy...
Yeah, kinda laying claim to maverickism
nm
Kinda makes me rethink the whole stimulus package........
Evidently Pickens Plan was incorporated in there..........as much as it was allowed!
I agree, Linda...time will tell. Polls kinda take a pulse...
they can change so quickly.
As far as Hillary supporters, the hard-line vote Democrat or die group will vote for Obama. It is the ones who are angry at the DNC and Howard Dean...those are the ones who might be persuaded. But even if they are not, those independents and undecideds seem to really like her.
We will see how it goes...but it IS exciting, isn't it? She is definitely not Washington politics as usual and that is SO refreshing!
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