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The bailouts are really just McCain Bailouts.

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blueinindiana Donating Member (575 posts) Send PM | Profile | Ignore Thu Sep-18-08 04:53 PM
Original message
The bailouts are really just McCain Bailouts.
I know its not the only reason but the GOP is desperately trying to keep the lid on the economy even if they have to bankrupt the country even further to do it in order to get another GOP whore in to office.

I am tired of the government spending billions on John McCain's campaign.


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Yavin4 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-18-08 05:00 PM
Response to Original message
1. Exactly.
They're feverishly working on anything to get this mess past the election, but it aint gonna work.
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BlueIdaho Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-18-08 05:06 PM
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2. It gets worse...
So far the republican administration has spent 850 billion dollars of our money this year. That's right , almost a TRILLION dollars spent to try and stabilize their fucked up economy - and they used our checkbooks to write the check. Guess who's left to balance those checkbooks - yup - us. The republicans have figured out how to privatize corporate profits and socialize corporate losses. These folks shouldn't just lose their offices, they should be put in prison.
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Kurt_and_Hunter Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-18-08 05:17 PM
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3. How do you suppose a collapse of US mortgage markets affects tax revenues going forward
If the economy gets bad enough there's no federal tax revenue.

It is far too simple to think in terms of "their" money and "our" money.

The budget was balanced under Bill Clinton because the stock market was up. Increasing taxes only went so far. There had to be money to tax also.

Even if a person's only concern in the world is the federal deficit, leaving aside the human costs of economic collapses, it is still not obvious that these bail-outs are not better for the federal deficit and debt in the long run.

All economic dislocations hurt the poorest people the most, and they pay no federal income taxes at all.

There's more to this stuff than the retributive impulse to see the rich humbled.
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JuniperLea Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-18-08 05:19 PM
Response to Original message
4. Yup... a band-aid on the hemmorhage...
They need to hold it together until the election. When Obama wins, they can blame the sorry state of our economy on him... day two, but we'll be the only ones to see the idiocracy in that!

If they manage to steal the election for McCain, then it will be blamed on a Democratic Congress... and the Almighty Clenis.
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