Comments about ‘Bailout plan triggers chaos’

>Bailout plan triggers chaos

Um, duh! Is anybody really stupid enough to think that more government involvement is going to solve a problem that was created by government involvement in the first place?

A good plan by Bush??? Yeah right!!! Why oh why does anyone ever listen to Bush anymore?? Seriously, would you get Bush to work out your taxes for you?? The day he knows what he's talking about is the day that John McCain also sounds reasonable!! But still Utah will try to vote his party in for yet another term...............

NPR did a gripping 1 hour program on the economy on Oct. 3rd. I finally got a clear understanding. Highly recommended.

Google This American Life: 365: Another Frightening Show About the Economy

I guess everyone who warned against it was just a bunch of "stupid idiots" who knew nothing about nothing? Yeah, all you people who surround us who were happy for the bailout, who called us a bunch of idiots, where are you now?

Since this talk of bailouts began the Dow has fallen 1,200 points. Trillions of dollars lost. How about that America? 700 Bil at the expense of Trillions. The economy is now as low as it was 8 years ago. 8 years of economic production, wiped out thanks to YOUR greed.

Yeah, too bad you were duped by the fake market collapse after the bill was voted down in the first place. Yeah too bad you were duped by both Pres. candidates. Too bad you were duped by your very President whom you should trust.

It's time to clean out Washington. Vote out every candidate regardless of how they voted and regardless of what party they are affiliated. It's time for a total change!

Chuck Baldwin '08

How can fear in the market and consumer finance be gained by throwing money at a broken system? The system is the problelm, and consumers have no trust or faith in it. The system makes victims of consumers with excessive fees, bank charges, and too many credit cards. Consumer advocates says to get rid of credit cards and the government and wall street keeps trying to force more and more credit on the consumers. It was inevitable that this economy ruptured and blew its seals because the consumers have been getting a raw deal with credit and banking corruption. With all the american companies now outsourcing its manufacturing to global labor there are no other jobs to replace any lost jobs. We can thank business and government for the colapse and making consumers victims of credit and greed. The current financial system of debit assets is the problem and needs fixing. It will take years to make it a strong market again and gain the trust of consumers desiring to use credit. Home mortgage corruption was just the tip of the iceburg and started it all to crumble. The next phase will be workers pulling funding out of investment retirements.

The party is over...the Republican Party that is!!
They have robbed from the poor and gave to the rich for 8 yrs. Medicare,Health and Welfare. They have robbed and depleted the Social Security. They demanded that the taxpayer pay the ransom for their own economic failures. Now there is no more money to spend on their war and unable to feed "Cheney's pipeline of corruption, its cry "Blame the Democrats,"Blame Wall Street,Blame the taxpayer.After all the CEO of Leehman Bank after collaspe received a measly $380 million dollar salary. How can anyone expect to live on so little.(Do not let anyone know that he is a Republican who cried "poor" after the meltdown). Thank heaven his backup (Republicans) arranged the bailout funds to support his salary. When the true story is revealed it will surely show how greed,corruption and power have always been the creed of the Republican Party.
Evidence demands a verdict and the evidence is obvious.The only losers are the poor and the fallen.
But what the heck like that last major Depression, the Republicans can invent another war to generate income. Georgia,Iran,Sth Korea are all in the planning stage.

The Party is Over...The Republican party that is!

Light At The End Of The Tunnel

While our economy first has to pay for the irresponsible lending practices, real-estate speculation, and wall-street greed that brought us into this situation, I fully believe that there is a light at the end of the tunnel. Unfortunately, this tunnel is much longer than most people will anticipate. Instead of focusing on what the government might or might not do, investors should focus on what they can do to protect themselves from this prolonged recession and rising inflation. And perhaps, you might even be one of those investors who can profit from this tumultuous market environment.

Why the panic?.

CHILL OUT FOLKS.


Rome was NOT built in a day.

I'd honestly pull out all my money at the bank if I didn't also have my home mortgage there. It makes me wonder how many are going to panic and pull out money. But if my bank crashes, at least I can shift my money to pay off my debt.

The bailout is proof that our economy is heading in the wrong direction. Any further action from politicos is just going to cause even more fear and mistrust.

While history often focuses only on the financial loss that transpires during recessions, it is also important to point out that these types of market environments have also provided individuals with the opportunity to make money. So how exactly do you protect your wealth? Well, for many investors, the answer is simply to liquidate their positions and move everything into cash, money markets, or treasury bills. The basic logic behind this move is simply that cash is king. In other words, while the stock market and real estate markets are declining substantially, keeping ones money in cash will at least preserve what they currently have. It will also allow them to have money to invest in opportunities down the line. While this logic makes sense in a non-inflationary environment, it fails to address the de-valuation of purchasing power that occurs during rising inflation. Simply put, rising inflation erodes at the purchasing power of cash or cash equivalent investments. In other words, while you might think you are preserving your wealth you actually are not. Short - Term Treasury Bills, Gold, Look For Trading Opportunities, Commodity Trading Advisors/ Managed Futures.

McCain and Sarah 2008

CHILL OUT FOLKS.

There are scary similarities in the government's manipulation of the economy, to the crash of 1929. No one in their right mind, anywhere in the world, would believe that pumping more worthless dollars into the U.S. economic system, will solve the problem. It's an aspirin to take away the symptoms of an already bankrupt country. Theses so called "bailouts" do nothing but drive up inflation and devalue the dollar more. It's no wonder the world economy is in a panic!

1:35 a.m. Oct. 7, 2008
A good plan by Bush??? Yeah right!!! ~~ Are you serious? Obama has a better plan?? Yeah right~ Obama will raise taxes on everyone making over $40,000 a year, If Obama has anyone making over $40,000 a year?
600 billion dollars in new tax and spend for the already covered social service recipients.
Looking at the comments you made,
I would guess you didn't pay any taxes last year.
It is nice to get Earned income credits.

Time for a reality check everyone. This problem is not Bush's fault. I'm so sick of hearing this. The problem has a lot to do with Slick Willy Clinton's administration putting pressure on the banks to make loans to those who shouldn't be borrowing. If anyone should be to blame it is your hero Slick Willy. To be fair both Republicans and Democrats have some blame but putting it all on Bush is ridiculous. And don't forget most of the blame should be on the greedy American consumer.

Republicans: doesnt matter how many times they see that thay have failed, but they will say: we are good, everything is ok, we are patriots fighting for freedom...wake up guys!!! and stop saying lies about Obama just because you FAILED in every single task for 8 years!!!
Obama or McCain, whoever wins, it is going to be a REAL mess to deal with this country, it is a MESS, they will need to work hard, but the difference is that McCain was with Bush 90% of the time if not %100, thats why we dont need more Bushiness...and thats why we need a change, other guy, other mind, other and new ideas, America is sick of the same old history. We need to face the future, is not going to be easy but WE can make those changes!!!

NO MORE BUSHINESS OR MCCAINESS OR PALINESS ...they are the same (and everybody is going to raise taxes, rep or dem...because we rea in a huge financial hole, got it)

Can't tell if DesNews headline writers are spinning the news or just don't understand it. But, this headline is totally "offbase". Bush told the facts; and that should have been the headline spin. The AP story is purposely spun, of course, but at least it finally presented some of the facts. maybe I'm just getting tired of my paper following the Lib party line too closely. Maybe Fox and other internet sources are all that I have left.-Discouraged

I've always said that all the brouhaha to sell the bailout was affecting the markets. The problem is bad, to be sure.

The Feds action to keep the commercial paper market working is probably the best thing that could be done.

The bailout is a ruse, however.

I think Steinbecks work on the cause of the depression let us know what was coming a long time ago. Outsourcing jobs and looking for cost cuts eroded the consumers ability to buy. They managed to make the rich wealthier than ever before in history by increasing the number below the poverty line. The government increasing the power and wealth to the few at the top will not reverse this mess. Hopefully there is no need for a revolution like the French or Russians needed to break this cycle. The way to resolve this issue is to give 700 billion to the poor not the rich; strengthen the foundation of the economy - the people not the institutions. Banks can not survive without people; believe it or not people can survive without banks. Those that fail to lean from history are doomed to repeat it. Pick up Grapes of wrath, A tale of two cities, The Jungle, different authors but similar theme dont you think. Not just to each other to but to what is happing to us. Weve seen this all before, history is just repeating itself because we failed to learn.

In the information age, we get too much information, as well as entertainment disguised as news. This 24/7 availability of news has a horrific downside, and we've certainly seen that in the last 10 days, as the media has kept us in a state of panic about our economic situation by talking about it and analyzing it to death.

I believe we are in a crisis, but now that steps have been taken, we need to regain confidence in our monetary system and in our leaders.

I will read/look at the news once a day and that's enough.

I'm kind of relieved to see things are still tanking. We need this to get bad enough that people are ready to make a real change. If Americans get to suffer the consquences of their stupidity maybe some lessons will be learned. I was hoping the bailout scheme would not prop up the economy and cause an even worse catastropy down the road.

I bailed out some time ago of investments in the US when I anticipated the Cheney /Bush war on the US economy was heading for the 2008 debacle.
I am invested in an economy where there are no investment banks(the sub prime position was visible over 5 years back), where there is liquidity from 4 major banks, high growth predictions from the seldom optimistic IMF where individual companies are delivering 20% returns in 12 months exceptional return one off dividends for shareholders and I could go on. The stock market index has dipped slightly as a result of the US, European trends but that is an opportunity to sell and reinvest.
I have been enriched for two years now. You may not like it folks but investment in RUSSIA has been the place to be!