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Why is a stimulus plan for PEOPLE bad, but a larger "bailout" for BANKS good?

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Nikki Stone1 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-28-09 07:56 PM
Original message
Why is a stimulus plan for PEOPLE bad, but a larger "bailout" for BANKS good?
We were sold the damned bank bailout as a desperate necessity. And some of these banks and financial companies used OUR money to pay millions of dollars in bonuses to executives who CAUSED the need for the bailout!

Meanwhile, people are dying from lack of heat in their homes, people are being thrown out of their homes, they are losing their jobs, and the spending that has been stimulating the economy has stopped dead.

And the stimulus is a bad plan?????

:wtf:
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rusty charly Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-28-09 08:00 PM
Response to Original message
1. Because
Republican fat cats won't be happy until they literally have ALL the money in the country. They won't be happy then, either.
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HillbillyBob Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-28-09 08:00 PM
Response to Original message
2. Same old rpig fascist bs, allow corps to murder our economy while enriching themselves.
nt
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muntrv Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-28-09 08:01 PM
Response to Original message
3. Jack Caffertey mentioned on CNN that Sen. DeMint (Repuke-SC) was whining
about how this stimulus is being forced on them like TARP, saying Obama is "exaggerating the economic crisis."
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Nikki Stone1 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-28-09 08:03 PM
Response to Reply #3
5. Has De Mint been READING the fucking news??
1/2 a million jobs lost by January, unemployment claims up, new layoffs every day?

Earth to De Mint...
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treestar Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-28-09 08:03 PM
Response to Original message
4. Because they are the talented ones who worked hard all their
lives to get by merit to the top of the corporate ladder, the "producers" to whom we all owe our existence.

:sarcasm:
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corpseratemedia Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-28-09 08:04 PM
Response to Original message
6. yeah sure ask Dick Drunky Drunkenstein Armey
laughing at the working poor getting help,since basically it was the working poors' hard-earned money that helped prop up the lazy banking parasitic class.
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Veritas_et_Aequitas Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-28-09 08:10 PM
Response to Original message
7. Because banks are responsible and know how to use money appropriately.
Edited on Wed Jan-28-09 08:11 PM by Veritas_et_Aequitas
Give money to the masses and they'll probably waste it all on strippers and bubble gum.

:sarcasm:
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depakid Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-28-09 08:14 PM
Response to Original message
8. A good many of the far right ideologue oppose both
That's how ignorant and delusional they are.
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samplegirl Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-28-09 08:23 PM
Response to Original message
9. Its called Weathfare for the Wealth
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stillcool Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-28-09 08:32 PM
Response to Original message
10. I guess there's nothing in it for them...
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Lint Head Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-28-09 08:36 PM
Response to Original message
11. Giving 1 million dollars to every US citizen would restart the
economy. That's only 350 million dollars. Compared to 350 billion it's a drop in the bucket. I would say to exclude anyone already worth 1 million dollars. It would end homelessness, feed the hungry and pay hospital bills. It sounds ridicules but I think it would work.
:dem:
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Riley18 Donating Member (883 posts) Send PM | Profile | Ignore Wed Jan-28-09 08:49 PM
Response to Original message
12. I just saw Trump on tv complaining about being denied a loan. The banks
got all of our money and now they don't want to work anymore. It does seem that our giving them welfare has taken away their will to work.

Seriously, is there some reason why the government cannot take the money back? The banks should have to account for every penny or give it back to us. I don't hear one politician saying anything really negative about the banks. They are big on accountability when it comes to regular people, but for their rich buddies anything goes.
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mmonk Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-28-09 08:52 PM
Response to Original message
13. We usually don't have the money for representation.
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terisan Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-28-09 09:15 PM
Response to Original message
14. Most Repubs opposed the the Bank Bailout and voted against it as well as stimulus
The Bank Bailout was voted down in the house until some Repubs caved in after stock market continued to slide.

So those who voted against both are at least consistent.


The Bank Bailout was mainly a Bush/ Democrat Deal and Biden just floated the idea for a second bank bailout----hope citizens shoot it down.

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SmileyRose Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-28-09 09:18 PM
Response to Original message
15. People DO own bank stocks.
OK, so a couple hundred people probably own more than 90% of all US bank stocks but we seriously DON'T want them to give up the platinum plated toilet seats in one of their 12 vacation homes do we?
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KakistocracyHater Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-28-09 09:21 PM
Response to Original message
16. In Bizarro World that makes perfect sense
it even feels right. But in our reality it's all wrong, they WANT to break America, so they'll be the richest of all.
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WoodyM Donating Member (127 posts) Send PM | Profile | Ignore Wed Jan-28-09 09:50 PM
Response to Original message
17. In reference to DeMint:
He said in a debate in the republican primary at a time when the textile industry that was the biggest employer in the state district he represented at the time which was going under because of imports from low wage overseas “We should stop whining about job losses. A textile worker who listened to the debate said after that he did not like what he said about jobs but would have to vote for him because he was against abortion.
DeMint is also an advocate of the so-called “Fair Tax.”
In addition, we have a governor, Mark Sanford, that would by comparison make George Bush look good.
I have never been able to figure out why my fellow citizens continue to vote against their own best interests.
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