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Originally posted by General_Salazar
reply to post by orangetom1999
That's exactly the point I was trying to make in my last post. It's just bad, lazy journalism. If we stopped watching it and buying it they would have to change. It's cheaper for them to get it all off Reuters and PA which is why everything looks and reads the same.
Originally posted by sos37
Thank God someone else one here is using their brain instead of jumping on the fear train. The bailout plan has the right intentions, but is too socialist in nature for the liking of the majority of this country.
Originally posted by scientist
Originally posted by sos37
Thank God someone else one here is using their brain instead of jumping on the fear train. The bailout plan has the right intentions, but is too socialist in nature for the liking of the majority of this country.
I dont understand this at all, so perhaps someone could explain it to me in layman's terms.
If I start a small business that goes under after 20 years, there is no bailout option. However, if I managed to turn that company into a huge corporation that intertwined with other huge corporations, and had a major effect on the economy - then I get a bailout?
Why? Just because my company got so big, that it would affect other companies? Isn't this how things are supposed to play out? If a business is failing, just let it fail! What is the point of putting a bandaid on a tumor?
Our economy follows the same model as natural selection. By keeping these old companies on life support, we are only reducing the overall quality of life for everyone - albeit subtle, but steady.
Well, I suppose it's worth noting that nobody's listening to McCain...
Originally posted by rufusdrak
"The first thing I would do is say, 'Let's not call it a bailout. Let's call it a rescue,'" McCain told CNN. He said, "Americans are frightened right now" and political leaders must give them an immediate solution and a longer-term approach to the problem."
Don't feel too bad. I've tried on 2 or 3 occasions to remind Skeptic Overlord that the Psychology, Philosophy and Metaphysics is missing from the front page left nav column, and that the link to it on the Site Map is broken, and that posts in that forum are labeled "This thread is in the politics forum group." instead of "This thread is in the mysterious forum group." But nobody's done anything to fix it. Heck, the forum was live for a full month or more before I was even able to FIND it. Took U2Us from Skyfloating, and some reverse URL engineering to even get close...
Originally posted by scientist
I believe I may have made a grave mistake by posting it in such an inactive part of the board though. Oh well, lesson learned.
Originally posted by JoshNorton
Well, I suppose it's worth noting that nobody's listening to McCain...
Originally posted by rufusdrak
"The first thing I would do is say, 'Let's not call it a bailout. Let's call it a rescue,'" McCain told CNN. He said, "Americans are frightened right now" and political leaders must give them an immediate solution and a longer-term approach to the problem."
and
(off topic, but seriously. Dog Costumes ranking higher than Bailout Plan???)
Originally posted by sos37
The way I understand it, if for example, AIG were allowed to fail, go bankrupt, their demise (according to the government and some financial experts) would have a domino effect on international markets affecting many different countries. AIG itself has assets that top $1 trillion and customers in every part of the world. A failure like that would seriously devalue the U.S. dollar, if I'm understanding it correctly.
Originally posted by Amaterasu
Originally posted by sos37
The way I understand it, if for example, AIG were allowed to fail, go bankrupt, their demise (according to the government and some financial experts) would have a domino effect on international markets affecting many different countries. AIG itself has assets that top $1 trillion and customers in every part of the world. A failure like that would seriously devalue the U.S. dollar, if I'm understanding it correctly.
Hmmm. And the pumping in of 700 billion - or trillions, depending - DOESN'T devalue the dollar? In fact, it inflates the dollar, which is...devaluing it.
Rather than devalue it by further indebting me and mine, just don't bail 'em out and devalue it that way.