bail-out -- don't like it -- how about a few add on's

G

george wilson

Active member
this is why i for one don't like politicians and the way things work in congress -- the bail out gets voted down so to pass it the second time you add on provisions that the opposition would like to have passed ---- has nothing to do with the bail-out -- but if they want the provision they have to take the bail-out plan

why are add ons to a bill even allowed in the first place --- if legislation can't stand on its own two feet they shouldn't be allowed to keep adding feet till it can stand

and i wonder how many of the politicians making the decisions even fully understand the complexities of what is happening or what they are voting for -- my bet is not many
 
George, the way I see it, the best educated people on earth (Investment Bankers) are making a capital call for their mistakes to the dumbest people on earth (Congress) via fear tactics... yes, it'll be tough sledding, but its hangover time and it'll last for a while, but we'll be tougher and better for it in the long run... and our kids and grandkids won't suffer.

The bankers could care less what is added to the bill, they just want the money fast... because when the aid comes, their stock retains value and then they'll sell it and start afresh on the next scheme... and so on... Their $10mm is only worth $2mm - $3mm, but hey, $2mm - $3mm is better than zero... right?

I liken it to a father's choice:

A: Hit his son and grandson over the head with a shovel, or,

B: Hit his own head with a shovel.

Let's face it, this stupid prop-up of the capital markets will be around for decades, much like Japan's last major financial calamity... so... Congress and The Bankers decided to hit their sons and grandsons over the head with a shovel and I think that that is shameful. There is something inherently wrong with that.

We created this mess, we should take the shovels and hit our own heads... this baloney is not something anyone should pass along to future generations.
 
we've gone from the cost of the bail out --- to the cost of the bail out PLUS the add on to make it palatable to the no voters so they'll change thier vote --- and where does the add on cost come from???
 
Who pays? Simple... our kids and our grandchildren... and everyone on this board with 30 more years of work years...

$11 Trillion and climbing now by $700 Billion... gheesh.

I'm really really pissed off about this - could you tell?
 
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