BS put out by the government
They laughed at him during the presidential election..but interest rates could not fix the economy..now they are just printing more money. Problem is you have to be a billion dollar corporation to get any of it. Tax Americans..give it to corporations so they can loan it back to us. Brilliant idea.
http://www.prosebeforehos.com/article-of-the-day/11/12/ron-paul
http://www.cnn.com/2008/POLITICS/11/11/paul.republican/index.html
Paulson is now deciding the government needs to help other businesses bailout. What about the American consumer? After a decade of huge corporate profits , the price per kilowatt of electricity actually doubling, fuel tripling, not to mention medical expenses , wages have been stagnant. All Americans have not been using credit unwisely. Many have used it to provide for their families out of need due to the above factors mentioned. As the rich have gotten richer, record corporate profits, the typical American family has been finally tapped out. Tapped out of savings, tapped out of credit. Yet our government sees fit to help the corporations. The majority of Americans have no more to give.
1 trillion dollars is basically $30,000 per person!
What would it do to the economy and families to have an additional $30,000?
There would be no need to shore up companies balance sheets AND give them taxpayer money..to loan back to the taxpayer(doesn’t that seem odd?).
http://www.msnbc.msn.com/id/27677764/
We need a credit card bailout. Sure consumers need to try and be financially responsible, but after a decade of rising health, energy prices,(Fuel is 400% from 8 years ago, electricity has over doubled) and other basic costs of living, Wages have moved relatively slow. As corporate America and shareholders profited, little has been put back in, just trying to find more ways to cut costs(usually labor and benefits) to keep increasing profits for the elite.
Americans have had to use the credit (which was readily available by the way) for many basic needs. Our government keeps pouring money in to bailout financial institutions. How about a middle class bailout. This mess has been put on our backs for the last decade and now we are expected to keep working and paying taxes so the elite can stay in the top 5%.
Bailout middle class America, Bailout the credit card debt we have used to survive. This would immediately put more disposable income in the majarity of American’s hands. The Credit card companies who have basically been raping Americans at 20+ % interest can go to hell. Let legitimate companies who want to make reasonable profits emerge. Please bailout Americans, Do not bailout the companies without a direct effect on Americans balance sheets!
More about the fast approaching credit card disaster.
http://redtape.msnbc.com/2008/10/how-credit-card.html?cid=134693803#comments
Screw a bailout. If taxpayers are going to have to bail out multibillion dollar institutions(a bunch of those are the same guys that did the failed savings and loan bs in the seventies by the way) I need a bailout, I only need about 3.5 milliion.
I could give a shit less about some bank going broke because some preppie yuppies fucked it up. File bankruptcy and go find a job!
It will not destroy the American finacial system. Be a hell of a lot more closer to fixing it. Get rid of the dead money grubbing useless assholes. open the market up to new fresh ideas and legitimate banking and marketing principles.