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Unread 09-23-2008, 08:58 PM
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i also think the working joe is gonna get hosed on this bailout deal. I'm very disappointed the both candidates are in favor of it, this tells me wall street greased both sides of the aisle in congress. as far as saving, i think credit cards are the reason the oil company's are getting away with the prices. i'm old enough to remember the early 70's when gas went from .30 to .75. everbody was freaking out & sales dropped way off. now people piss & moan and put it on the credit card and pay $25 dollars a month till they die.
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Unread 09-23-2008, 09:31 PM
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Originally Posted by phatdaddy View Post
i also think the working joe is gonna get hosed on this bailout deal. I'm very disappointed the both candidates are in favor of it, this tells me wall street greased both sides of the aisle in congress. as far as saving, i think credit cards are the reason the oil company's are getting away with the prices. i'm old enough to remember the early 70's when gas went from .30 to .75. everbody was freaking out & sales dropped way off. now people piss & moan and put it on the credit card and pay $25 dollars a month till they die.
Actually neither candidate is for the bailout (thank God). Hopefully the congress will stall out long enough (thanks to the republicans) so that the wall will fall. Of course the country will go into a recession, but that is the natural swing of things when these greedy wall streeters do these things for so long. You reep what you sow. You can rest assured that if this bailout goes through, the dollar won't be worth a penny. That will continue to drive up the price of oil (again) as we free fall into endless inflation. And just wait, if the bailout is passed, what's gonna happen when that doesn't help anything???? Who's gonna bailout our all knowing government?? China? Saudi Arabia? Dubai? I wonder who we'll have to pay our taxes to in the future????
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Unread 09-23-2008, 10:30 PM
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i also think the working joe is gonna get hosed on this bailout deal. .
unless your 401K, IRA, etc. had any type of REIT's, and stock in various other companies that will get the bail out help.
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Unread 09-24-2008, 07:03 AM
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There's plenty of blame on both sides of the aisle...here's where we need to side-step politics and look at what's really wrong here...there's been no accountability (lack of which has been sanctioned by members of BOTH parties)

Some here warn of socialism being brought on Dems...here is a good example of it being sponsored by Reps as well as Dems...either one of them who says "we gotta act right now" needs to go sit down...they are trying to pull a fast one...

Either way, we are about to witness a HUGE shift in favor of the wealthy...once the dust settles here, people w/cash will be able to buy up all kinds of distressed properties...it's a no lose situation for them...and plenty of losses elsewhere...

I really believe someone should go back and pull up the record...those congressmen(both parties) who voted for deregulation should be sent home...easy...
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Unread 09-24-2008, 08:06 AM
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I second the motion!
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