That 700 billion bailout - Reid needs to table it until Obama is inaugurated.

Not a minute sooner.

The companies that is pleading for a bailout needs to die in a fire. Repeat. Rinse and Repeat. Repeat and Rinse. Just die.

The companies has never heard of Chapter 7 bankruptcy and they need to do that - and liquidate themselves, and all assets returned to the U.S. Treasury for distribution to the poor/middle class - FUCK THE RICH RETHUGS!

The bilionaires all ready sold their stock long time ago. Their buddies the CEO excercised their options. Even the mom & pop shareholders have already lost 60%-99% of the value of their shares.

The bailout is to restore liquidity to the credit market.

F**CK the credit market right?

Well do you want to buy a car in cash?
Want to buy your next house in cash?

Even if you don't need credit you likely rely on others that do.
Try to sell your house when nobody can get a loan to finance it....
What if your companies needs short term capital to finance an expansion.....
Companies seeing a shortfall in revenue with no credit line tend to get bankrupty or layoff thousands of employees.

Starting to see the big picture.

If you want to "punish" the rich you are about a month to late.

THEY ALREADY MADE THEIR MONEY.
The middle class and small businesses will be utterly destroyed by a credit freeze.

The ones who made the mess will be partying in Bermuda. :shrug:

would be better served - kickstart the economy, and new companies can be created with full fiscal responsibility - these companies who needs a bailout are like Bush - fiscally irresponsible. They let their companies go to ground, and they deserve to die in a fire.

Repeatedly.

So don't tell me that the economy will collapse if the companies die. It won't, and you know it. Obama will fix the problem in 2009, and they can wait 6 months.

Hawkeye-X

of the ideological spectrum.

Is not an option.

The bailout is pretty much guaranteed to be the most hated piece of legislation for the next four to eight years. We need to make sure the Republicans can't escape it.

Administered with oversight.

government intervention. It would be foolish to 'hold off' on a bailout until November with how serious this situation is.

He's an economist and I'm just some guy posting on a message-board, but I don't believe there will be a total economic collapse between now and January 20th regardless of what Congress does.

...but what he said of the threat from Iraq was wrong.

And over all of the other mainstream economists that all say the same thing.

I can't believe any real Democrat is actually opposed to taking massive action to prevent what is going to happen.

This is not the time to do it.

Whatever the Democrats decide to do, they need to hold a meeting with Obama and let him know beforehand what their decision about this crisis will be.
No ifs, ands, or buts.
He needs to know beforehand what the solution will be.
Then, he can go out and make a speech about it.

Then Congress can act on Obama's plan.

This way Obama can make the claim during the debates that he already solved one crisis while McCain was picking out new lucky charms to carry around on the Straight Talk Express.

This way the problem gets solved, Obama gets the credit, he wins the election, and then he ends the war in Iraq.


Good plan, huh?

Wait until we have a new president and then carefully consider the new president's economic proposals.

but I also don't think we should panic and just throwing around money. We need to make sure the government gets ability to regulate the industry better and stop executives from getting huge bonuses for doing a bad job. If that means waiting a week or two, then so be it.

I was awake til 3 am fuming over this. Grrrrrr. I could still chew rocks right now.

That includes a lot of Democrats and Liberals, who I have somewhat of a fondness for. :)

Seriously though, I'm very uncomfortable rooting for things that hurt everyday people just to help further my political views. Republicans aren't the only ones who have a lot to lose here.

... the banks are under-capitalized and credit is still going to be scarce. This is only going to add to the public debt, and make things worse. I totally agree with the OP, you have to let this thing run it's course. There's going to be pain either way.

what the fuck was going on. Who exactly is getting 'bailed out'? And who decides who gets 'bailed out'? Isn't a trillion dollars quite a bit of 'bailing'?