What effect will the bank bailouts have on the rest of us?

Will it save our jobs? Will it create more jobs? Will it rebuild our 401K's? What do we, the taxpayers, get out of this deal?

If the banks are made whole, what do they do with the money? They will loan it out and create more jobs? Who will they loan it to? The same companies that have been devastated in this economic mess? How are they going to create more jobs, at least in the short run?

The banks will be fat and healthy and the rest of us will still be hungry and thin. This economic crisis has depleted much of the incentive to create more jobs by most companies and corporations, unless you might work for a bank?

The economy does not automatically recover just because we give the banks all the money. It will take a long time for the job market to return and for companies to return to normalcy. The banks can be stuffed full of cash and it will do the rest of us little good at this time. Just my opinion.

People still need to buy cars and houses. The effect on most of us is that in the long run our taxes will increase. Where do you think the bailout money is coming from?

to find out:

http://www.youtube.com/watch?v=iQ-IPb8AOZE

The idea that the banks will suddenly start lending is without foundation. They have no reason to. Why make risky loans to any but those who don't need them? Why not just sit on the money that Geithner and his magic printing presses churn out, and insure that they'll get more, when this bailout fails?

When the new "treasury bubble" burst, as it inevitably will, the dollar will collapse and we'll have inflation to eat up the rest.

"Happy days are here again" it ain't.

that their company will run out and borrow money? That will not happen, just because the banks have it all.

The bankers may be corrupt, but they aren't stupid. Lending money to businesses that may very well become bankrupt because of the recession (depression) is not going to be all that attractive when they can safely (for now) sit on the money and expect more from the government.

I need $10. Loan it to me, and if everything goes well, I may pay it back. If you don't loan it to me the government will give you $10 and hope that you will lend it to me the next time I ask for it.

This isn't going to turn out well. Especially when the Treasury Bubble bursts with all those dollars (in treasuries) being churned out and the dollar sinks like a rock.

Hell, when the Chinese mentioned that they were concerned about the dollar, it dropped 3%. Now they're talking about a New World Currency while quietly dumping the dollar by buying real stuff with it while it's still strong. Stuff like oil reserves, mineral rights, and property all over the world.

We will never get universal health care because we (the govt.) won't be able to afford it.

which should be named the Reagan, Bush, Bush2 Depression.

If you own a house your property value will stop going down and begin going UP! If you're a renter, it will reduce or eliminate the problem of the home being foreclosed and YOU having to move through no wrong doing of your own! People will relax a little and not be so afraid to spend money, thereby stabelizsing the retail markets and saving many jobs in the process!

Or do you think it will happen immediately?

Seemed silly at the time. Now, not so much.

What is it about?

and going on to become president of an America lost to oil prices and total failure of the economic system. Marketing and hare brained gimmicks rule the day. Totally insanity.

Was pretty far fetched comedy for most back in the day. Some of us saw the black humor of coming attractions.

If you get a chance, hunt it down for a look. Been a long time since I watched it, but it made an impression back then. Sadly, seems prescient too.

here's a bit:
http://www.youtube.com/watch?v=965Alxl5b_U

I suspect it will take 2-3 years for the job market to come back. As to home prices, I think those that haven't been destroyed by vandals etc. will come back to a reasonable value, but if you're looking for the prices of the over-inflated ones to come backm I say it will NEVER happen, and it shouldn't.

Once again, they'll be able to loan, loan, loan more and more and more funny money, which will allow some people--fewer than before the bubble burst, but some--to return to the lifestyle of buying big TVs and cars and houses they don't need. This will pump up another big artificial money bubble and when it inevitably bursts, another big chunk of us will move permanently into poverty. Meanwhile, the usual suspects will accelerate their accumulation of wealth, which is the purpose of capitalism anyway. This just speeds the process. Speed is of the essence because even the capitalists now realize that the planet will no longer support their rapacious ways. There might be one more, or two more of these bubbles before either the parasites are done sucking the blood from the corpse of humanity or Planet Earth shrugs our species off like dandruff, whichever comes first.

Edward Abbey had a point about growth.

from Mexico within 25 years.

The people who used to laugh at me and call me crazy are now living in mortal fear that they will live longer than the economy.

http://www.counterpunch.org/whitney03232009.html

Geithner's plan is a catastrophe. It's just a sloppy remake of Paulson's failed Super SIV that was supposed to save Citi from massive losses but closed without a single sale. Not one investor stepped forward to buy assets even though Paulson slapped the Treasury's seal of approval on entire operation. It was a complete bust. Now Geithner is following in the ex-Treasury Secretary's footsteps.

The banks are not going to fix themselves. Only government can do that, which means that someone will have to fill the leadership void and do the heavy lifting. But time is running out and the problems are getting worse. Public support is on the wane. Obama should take advantage of what little confidence in the system is left and take radical corrective action. Insolvent financial institutions have to be taken into receivership and liquidated. Shareholders and bondholders will have to take a haircut. And Geithner, Summers and the rest of the White House banking fraternity will have to resign or be fired. Obama should mull over Albert Einstein's sage advice when he said, "The problems we face today cannot be solved by the minds that created them."

for this bailout of the banks.

I am no economist. Not even a political philosopher. I think history will show that the bailout did nothing to help the American economy. It helped the banks but banks will not loan to people who do not request it. It will take years for companies and individuals to recover from this debacle. People will realize in the future, that our country would have been much better off spending the money elsewhere for job creation and letting the market sort out the problems with the big investment banks. This will be seen as a net negative, rather than a positive. The Democrats, rightfully so, will be seen as the Party of Wall Street and Big Bankers and they will pay a political price for it. This is the wrong solution.

is wasted.