OT - protest the bailout - Page 5

Background on narcotrafficking into the usa, including zapata off shore oil rig ops.  The best source for all these drug ops are the ex-company pilots who were part of it and are now talking.  Course there are quite a few DEA investigators that have come forward and corroborated what these folks have said like Celerina Castillo, Micheal Levine, Brad Ayers and many more.

http://en.wikipedia.org/wiki/Zapata_Corporation

http://www.wethepeople.la/drugs1.htm

I like your style "Keepthefaith" and your handle!     I rent a home to folks who forclosed on their home in July 08.   They had fine income and bought too- too- too much house 15 years ago, then pulled equity out and well..............long story short,  they make awesome tenants for me!   It will take them time to rebuild their credit now, and they may never own a home again!

Blitzen,As far as bottom feeding into our almighty Stock Market..................there is NO rule that you need tons of cash to invest.   I buy my Wallmart stock for $50 per week on a dollar cost average directly to the company itself!     I know people who use a credit card they have for 0% until Spring 09 that can put 2k in on some solid stocks.   I'm not saying this is the greatest way, but there are ways to be involved.    I have some stocks that the dividend (payed quarterly) is holding off the pain of the way the market is as of late.    6.6% on MO, 4% on ATT, ect.   Better than panicking and pulling cash out to put under the mattress, or a money market (dud fund)

Hey, back to the German Shepherds that we love!      That light at the end of the tunnel isn't that of an oncoming train, it is indeed the sun coming up tomorrow!

Again..........there is an upside.........we need a plan in place,   then and only then can we bring down the fine folks that got us in this mess! 

I like your style "Keepthefaith" and your handle!     I rent a home to folks who forclosed on their home in July 08.   They had fine income and bought too- too- too much house 15 years ago, then pulled equity out and well..............long story short,  they make awesome tenants for me!   It will take them time to rebuild their credit now, and they may never own a home again!

Blitzen,As far as bottom feeding into our almighty Stock Market..................there is NO rule that you need tons of cash to invest.   I buy my Wallmart stock for $50 per week on a dollar cost average directly to the company itself!     I know people who use a credit card they have for 0% until Spring 09 that can put 2k in on some solid stocks.   I'm not saying this is the greatest way, but there are ways to be involved.    I have some stocks that the dividend (payed quarterly) is holding off the pain of the way the market is as of late.    6.6% on MO, 4% on ATT, ect.   Better than panicking and pulling cash out to put under the mattress, or a money market (dud fund)

Hey, back to the German Shepherds that we love!      That light at the end of the tunnel isn't that of an oncoming train, it is indeed the sun coming up tomorrow!

Again..........there is an upside.........we need a plan in place,   then and only then can we bring down the fine folks that got us in this mess! 

Xaver, IMO this bill will add one more layer of insulation to benefit the greedy of Wall Street. The add-ons are obscene. Why would a rep voted nay against the first and yea for the second? This all reeks of politics and I am thinking that the first vote down was intentional to appease the Amercian public and a strategy to make the Republicans look as if they really did care about our wishes. One rep said half of his constituents said - NO! while the other half said HELL NO!!  I doubt they have changed their minds because the re-write allows for tax breaks for wooden arrows for kids and other pork barrel spending, just what we need to avoid in the first place. 

I understand that it doesn't take millions to purchase stocks. I just doubt that the average beer drinking Joe who hasn't seen a full gas tank in months will be buying any shares for a long time. Winter is coming and it looks as if it's going to cost us a lot more to stay warm this year than it did last. Some of these people will be using their 0% cards to purchase fuel oil and gasoline and maybe even groceries.  I feel blessed to not be one of them.

Preston

Our economic problems are not the result of your "new world order", but simple ignorance and a lack of anticipation.

We should have placed import taxes on everything that came into this country years ago.  Instead we went with a free trade policy that has killed this country.    The majority of this country is made up of middle class people.  With our stupidity, we have killed this demographic.  We used to be an industrial country with factories and jobs for all.  High School graduates could get decent job, making $40,000+ at the local factory with good benefits.  Today, these jobs are no longer here and people are having a hard time paying for their homes, and this has nothing to do with signing a half ass loan.  We have 300+ million people in USA and the jobs are dissappearing.  Middle class jobs are no longer here.  They are overseas because a company would be ignorant not to outsource and make a higher profit.  We have allowed this to happen.  This isn't the result of any "new world order".  It is the result of our own stupidity.

Everything is made overseas.  Why wouldn't a company take advantage of lower prices and benefits?  They can make or buy their materials for pennies on the dollar.  They don't have to pay John Doe $20/hr and benefits.  No,  they can get some guy in China to do the same job, 90% cheaper.  We have allowed this.  We have made it to where the rich get richer, the poor get poorer, and the middle class becomes obsolete.    What do you expect to come from this?  300+ million people and thousands of jobs are lost every day.

I asked the posters on here to give me an alternative solution to the "bailout".   Nobody has.    The only thing that has been said, was to just do nothing.  It will all work itself out.  Well, like I said, I don't know if I am for or against it.  I have not seen the revised version and honestly, I voted for people to do the research and decisions for me.    BUT, let me play devil's advocate and tell you why this may be a good idea.  First of all, this is not a bail out for just the banks/lenders.  This is for America.  The trouble isn't just because of shady loans that should not have been given.  Yes, it is a major part, but not the only problem.  Like I said earlier, we have a fricken unemployment problem.  People have lost their jobs.  Whether they had a fixed 30 yr or a "smart ARM" is irrelevent.  Without a job you can't pay for squat.............cont..........................

"We shall have World Government, whether or not we like it.
The only question is whether World Government will be achieved by conquest or consent."

United States Senate, February 17, 1950

So all of these jobs are lost,  inflation, people can't pay a fixed mortgage  and it's not all about faulty loans.

What do you say to the guy that has worked for 15 yrs, paid his mortgage on time  for the last 13 yrs, loses his job and can't find another comparable job because there aren't any?  He can't refinance because loans aren't being given.  His house is now worth half what it was two years ago, all of the forclosures in his area and short sales have dramatically reduced the value of his home and he has no other choice but to try and finds someone to move in and supplement his income to pay the mortgage.  Some people aren't this lucky and have to forclose because we no longer have the same policies on bankruptcy. 

People are out there as we speak, trying to buy these homes, but they cannot get financed because the lenders no longer think that 20% down with a credit score of 700 is safe.  This screws him,  the people that live in that area, the bank, the builders and the workers. 

****What if we don't bail these companies out?  Is there not a chance that a foriegn company could buy them out?  What if foreign companies come in to save the day?  Where will we be then?    Honestly, I don't know whether the "bailout will help or not, but doing nothing sounds like we just can't come up with anything.  I would feel better if some of you said that we should just let all of these companies go under, everyone can have their homes outright, and all of the money saved on their non-mortgage payments would be pumped into the economy.

****What happens when a few years down the road and we manufacture absolutely nothing, China cuts us off?  What are we going to do?  It used to be, that a war was good for the economy.  World War II pulled us off our asses because manufacturing jobs were plentiful.  If we have no manufacturing and we do get cut off, Lending 700 billion will seem like a fond memory. 

Ugly

Do you have any ideas or words of your own or do you just quote people?  If that's the case, I can do that all day long.

"Shake and Bake"--Ricky Bobby

I said I wasn't going to post on political threads anymore, and now I'm going to break my word. 

The whole thing is a bunch of bullshit.  It's a stage with a predetermined ending and every single one of the "elected" (and I use that term loosely) officials know there is going to be a bailout.  This is just a chance for them to posture and grandstand to try and make themselves look good to anyone naive enough to believe they actually mean what they say.  Nothing but a bunch of crappy actors.

To try and blame this clusterfuck on either party is even more stupidity.  If blame were shit neither party would be smelling like a rose right now, The very fact that any of the  politicians would actually think anyone would fall for that is further evidence of exactly how stupid they think we are.

Maybe resistance truly is futile.  I'm so done.

Let's face it, what you and I want or think is not a part of the equation. This rescue/bailout will be what the politicos want, we will pay for it, and the greed will continue status quo. We are screwed again, sports fans.