NYT Photo: Bailouts are FUN! Our elected officials savor the flavor of $700B from your bank account

Amerigo Vespucci

(1000+ posts) Send PM | Profile | Ignore

Sun Sep-28-08 09:16 AM
Original message

NYT Photo: Bailouts are FUN! Our elected officials savor the flavor of $700B from your bank account

Speaker Nancy Pelosi, left, Representative Barney Frank, center, Treasury Secretary Henry M. Paulson Jr., and Senator Harry Reid, early Sunday.

http://www.nytimes.com/2008/09/28/business/28bailout.html

Printer Friendly | Permalink | | Top

pnutbutr

(1000+ posts) Send PM | Profile | Ignore

Sun Sep-28-08 09:19 AM
Response to Original message

1. to make sure

you still have a bank account with money that isn't worthless.

Printer Friendly | Permalink | | Top

Zynx

(1000+ posts) Send PM | Profile | Ignore

Sun Sep-28-08 09:21 AM
Response to Original message

2. That $700 billion: 1. May not be fully used. 2. Is buying assets, not just giveaways.

3. Is not our money at all.
4. Is at least partially necessary. I do not necessarily think $700 billion is the right number and possibly a more targetted deployment of $200 billion could be more effective, but it is necessary.

Printer Friendly | Permalink | | Top

earth mom

(1000+ posts) Send PM | Profile | Ignore

Sun Sep-28-08 09:22 AM
Response to Original message

3. I'm not laughing.

Printer Friendly | Permalink | | Top

Glorfindel

(1000+ posts) Send PM | Profile | Ignore

Sun Sep-28-08 09:26 AM
Response to Original message

4. Neville Chamberlain: "I believe it is peace in our time."

Prime Minister Chamberlain and his government also rejoiced after giving in to and groveling before fascist thugs. That didn't work out very well, if I recall correctly. I have a BAD feeling about this.

Printer Friendly | Permalink | | Top

Zenlitened

(1000+ posts) Send PM | Profile | Ignore

Sun Sep-28-08 09:26 AM
Response to Original message

5. This is so crazed... that this thing has Democratic ownership...

... written all over it now. While Repukes try to position themselves as Defenders of Main Street, Apple Pie, and The American Way of Life. :crazy:

I'll wait to see details of the new plan. But I sure hope our Democrats applied some political instincts to this thing, along with their economic skills.

It will do our country NO GOOD AT ALL to provide a temporary financial reprieve... only to open the door to four more years of Republicans in the White House. I truly worry that America might not survive that, not any sort of America that we'd recognize.

Printer Friendly | Permalink | | Top

Dover

(1000+ posts) Send PM | Profile | Ignore

Sun Sep-28-08 09:29 AM
Response to Original message

6. The Gospel According To Paulson

Printer Friendly | Permalink | | Top

stray cat

(1000+ posts) Send PM | Profile | Ignore

Sun Sep-28-08 09:42 AM
Response to Original message

7. Or Relief that they averted an inferno?

I hate a bailout but I'm not sure how bad it is without one either.

Printer Friendly | Permalink | | Top

dixiegrrrrl

(1000+ posts) Send PM | Profile | Ignore

Sun Sep-28-08 11:43 AM
Response to Reply #7

8. No, it is joy that they saved their portfolios.

Printer Friendly | Permalink | | Top

DU AdBot (1000+ posts)

Sun May 05th 2024, 02:12 AM
Response to Original message

Advertisements [?]

Top

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.