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The Hive – So Where’s Our Damn Bailout?

We are always told that Democrats are the party of the little guy. So where is your bailout?

And where is ours? (The first S&L bailout went to fatcats, too.)

Everybody likes pie.

As usual, this thread is open to other topics as well.

This article was posted by Steve on Sunday, December 7th, 2008. Comments are currently closed.

11 Responses to “The Hive – So Where’s Our Damn Bailout?”

  1. DEZ says:

    Our bailout? BWHAHAHA.

    Every American is going to make payments on a new car, that they will never drive!
    Every American is going to make payments on a new house, that they will never live in!
    See, we get to pay for the American dream, we just are not allowed to set the alarm clock.

  2. proreason says:

    Hannity had an interview with a Republican congressman Friday. I missed the guy’s name. He is proposing a 2-month tax holiday for all Americans from all taxes. Since the Fed collections are about 2.4T, that would be 400B, or less than 1/10th of the bailout ticket so far.

    It would juice the economy like rocket fuel.

    But it wouldn’t give Obamy and his Hahvad pals anything to meddle with….so it’s dead on arrival.

  3. joeblough says:

    proreason: I concur.

  4. 12 Gauge Rage says:

    The Fed’s would never go for this 2-month tax holiday because it makes them relinquish power or more importantly money. Funny thing about the color of lots of money, it turns otherwise rational people into greedy slobbering idiots. We can’t let the average Joe handle his own finances why he’s not smart enough to know how. Could we do any worse or maybe even better than the so called financial experts? The Titanic was built by experts but the Ark was built by a farmer. The latter stayed afloat for the duration of it’s need.

  5. Anonymoose says:

    How about forgiving all the student loans out there? I know mine’s have been a boat anchor around my neck for over a decade, and even stopping payments twice out of financial hardship added almost $7,000 in interest. I’m finally into the principal but am looking at paying until I’m pretty old.

    And while I’m at it how about bailing me out on my credit cards, my lease, and oh, I can I get a new car before the bailout? You know, buy it and then get bailed out?

    I think most any bailout would result in people going “Yeah” and running out to buy Xbox’s and flat screen TV’s on credit. It would be a good idea to go “Okay, you get bailed out but you don’t qualify for any more credit cards.”

    I’m half serious about the student loans. Modern life is becoming like fast food, we all go to college for…….what? Degrees that often aren’t worth the paper they’re printed on, but we have to have the degrees to get jobs. Jobs that don’t really need degrees but do anyways, and pay correspondingly. The result is many young people are getting out looking at 30 years of debt as payment for their “better future,” and they wonder why they’re not out buying new cars and houses…….

  6. proreason says:

    “Degrees that often aren’t worth the paper they’re printed on”

    Unless you go to Harvard, in which case you can collect $117 million for running Citibank into the ground, or over $100 million for running Fannie Mae into the ground, or you can use the U.S, economy as your personal toy and when things go wrong, like reducing the wealth of the country by $20 trillion because you made a unilateral decision to make banks loan money to deadbeats, you just blame it on Bush.

  7. Liberals Make Great Speedbumps says:

    “I’m half serious about the student loans. Modern life is becoming like fast food, we all go to college for…….what? Degrees that often aren’t worth the paper they’re printed on, but we have to have the degrees to get jobs. Jobs that don’t really need degrees but do anyways, and pay correspondingly. The result is many young people are getting out looking at 30 years of debt as payment for their “better future,” and they wonder why they’re not out buying new cars and houses…….”

    That is so true Anonymoose, sad but true.

  8. BillK says:

    How about something easier – a capital gains tax holiday? Or perhaps an AMT holiday?

    I have a real problem with “forgiving” debt, simply because the Government doesn’t hold that paper, even for student loans.

  9. Reality Bytes says:

    Pelosi: No one will buy a car from a bankrupt company.

    RB: No?! Then why are they so willing to put their expanded American Ass’s in a plane owned by a bankrupt airline?

    Obama/Bush Economic Stimulus + billions in bailouts to inept bankers & manufacturers & billions more in “investments” in our infrastructure (minus) trillions in offshore compounded borrowing x interests = a bankrupt nation when the notes all notes are called.

    RB’s Proposal – Divide the projected borrowing in half & apply same to an across the board tax reduction of income & cap. gains = Immediate liquidity, increased income & gains on interest gained.

    But what do I know.

  10. David says:

    Watching the TARP hearings now and Rep. Paul Kanjorski (D-Pa) is calling for congressional mandates on CEO pay for investment firms as well as auto manufacturers and is using the 1 mill American Toyota CEO compensation as the rule! This could not possibly be constitutional!

  11. take_no_prisoners says:

    David, They couldn’t simply pass a law that specifies what a company can pay someone. But what they can do is pass a law that says it is illegal for the federal government do any business with a company that pays more than what they specify for CEO’s and no company or state or city receiving federal funds can do business with a company with an overpaid CEO or else they lose the federal funds. Technically they wouldn’t be telling anyone what they can pay a CEO but as a practical matter the feds control so much of the economy most large companies and no states or cities can afford to lose the federal business or the federal funds so they would be forced to comply.


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