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OT: Why do I have to help pay the bailout? I didn't vote for this administration!


Fender&EHX4ever

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Honestly, and I don't mean this in a mean way, I hope the US population elects McCain this fall, not for four years, but another 8 years.

 

The way I see it, the US has not hit the bottom yet but I think that, with McCain at the helm, the US will be on the fast track to the bottom.

 

It seems that everyone on this planet except US citizens see how evil these men are (the Republicans). I mean evil in the same way as Bush likes to use this word to characterize leaders of Iran, Irak or North Korea.

 

The Republicans are a mix of religious nutjobs mad about money, oil and world domination with the means to screw the entire planet.

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At the time I am writing this, there are 305,247,380 people in the USA. For a $700B bailout of Wall Street, that means that EACH American citizen will incur a debt of $2,293.22. That is FOR EACH PERSON, or for my family of 5, I will have to pay taxes of $11,466.11 to bail out these poorly managed companies. And it is actually worse than that, since 1/3 of US workers pay no taxes at all. It means that the other 2/3 of us, who do pay taxes, will have to foot the bill at the rate of $3,422.72 if divided equally (or $17,113.60 for my family of five).

But it's worse than that since taxes are progressive... :facepalm:

-Jack

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Again, I mean no disrespect, but those are very very broad positions to make with nothing to back it up... I'm sure he has a plan but some of them seem a little far reaching.

 

I guess I just am not a fan of close regulation which seems to be the topic. There are plenty of businesses that are not failing and will not benefit from the effects of closer regulation. The corps with money should be out buying the corps without money. If two can't reach an agreement, that just means someone's price was too high. If anything, the gov't should do nothing but encourage this.

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At the time I am writing this, there are 305,247,380 people in the USA. For a $700B bailout of Wall Street, that means that EACH American citizen will incur a debt of $2,293.22. That is FOR EACH PERSON, or for my family of 5, I will have to pay taxes of $11,466.11 to bail out these poorly managed companies. And it is actually worse than that, since 1/3 of US workers pay no taxes at all. It means that the other 2/3 of us, who do pay taxes, will have to foot the bill at the rate of $3,422.72 if divided equally (or $17,113.60 for my family of five).


But it's worse than that since taxes are progressive...
:facepalm:

-Jack



I'm with you. My wife and I bought our home through what would be considered a sub-prime program except that we were first time home buyers. I've never missed a loan payment on anything.

My wife is in real estate, I'm in banking. My pension is fully funded. It is documented with the SEC. My wife's company has laid off half her dept. I don't feel like we have done anything wrong enough to deserve footing the bill for these companies. Both of us are thankful for what we have and would not expect any gov't aid if we couldn't make our mortgage payment. I consider my family as average middle class (sans children).

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CAPITALISM DOES NOT WORK

YOUR GOVERNMENT DOES NOT LISTEN TO YOU


Take off the red, white and blue blindfold, my friends.

 

 

Yeah, maybe it would work as well here as it does in Russia. I sure woudll love to live in a place like Cuba - in fact, just seeing the success of Communists in Central and South America makes we want to wipe my butt with the Constitution and go all the way. Hey, like in China where they haven't given Capitalism an inch. Or North Korea, which has given the middle finger to the West, and everyone still has enough to eat! Man, the more I think about it the sooner I should have taken this red, white, and blue blindfold off years ago!

 

Capitalism killed the Soviet Union. It has strangled every Communist country either to death or near death. China, to compete and feed the billions there, has relaxed to the point that it is hard to tell exactly what it is at times. Every place Communism has been tried, it has failed.

 

I guess I shouldn't be surprised, really. History (unless it's being rewritten) has never been the Communist's forte.

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I hate the Bush admin as much as the next guy, but they didn't do this. Their reckless spending may have encouraged some of the general market decline (that was already beginning at the end of the Clinton administration), but the fault lies with the banks that were giving loans they couldn't back up, and the people who took the loans they couldn't pay back.

In capitalism, the economy is controlled by the consumers and the business. What we really need is a paradigm shift, where we learn to get by with less when we can't really afford our normal, cushy style of living. The government needs to learn this as much as anyone, but the whole of the American people are at fault.

They government is not our mommy. I actually wish they would stay out of our {censored} a little more. Let us have a recession. might teach us to be careful with the abundance we have next time. Credit is for dip-{censored}s. A society of debt is doomed to failure.

RON PAUL!!

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because kucinitch is insane. he couldnt get his own state to back him cuz he {censored}ed up so bad. they dont call him dennis the menace for nuthin.


hes two hairs away from being a socialist.

 

 

thats just your opinion and hearsay and many millions will disagree with you.

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I've been talking pedals all day, and I just can't hold this back any longer. I'm so {censored}ing pissed with this place I call home! {censored}ing morons!

 

 

because it's called a democracy. Whether you voted for that administration or not is irrelevant.

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