One Trillion

[JBIZZ]

Without the bailouts CEO's and corrupt politicians don't get paid. It would make too much sense to distribute that money to everyone equally, in order to stimulate the economy. The elite get 1st dibs on taxpayer's money, the rest trickles down to us peons (majority).

This is ultimately caused by the elite, mostly republicans (a.k.a. filthy rich people) for eliminating certain lending regulations. I am glad Obama was elected, but this mess just seems too big to clean up.

As far as the big 3 go, they will go bankrupt eventually. I know my friends and I will never buy an American car again. I use to like GM vehicles too, til I realized thy just don't last as long as Japanese cars. As far as the Unions go, They helped cause this financial catastrophe, which may just lead us into a depression. Its funny how someone working at a fast food place makes minimum wage, and how someone working at GM installing one screw on each car makes at least 3 times that.

Sorry if I offended anyone (republicans/union workers), just wanted to add my 2 cents

[GeneW]

Originally Posted by JBIZZ

This is ultimately caused by the elite, mostly republicans (a.k.a. filthy rich people) for eliminating certain lending regulations.

Oh yeah....?

http://www.youtube.com/watch?v=_MGT_cSi7Rs

http://www.youtube.com/watch?v=wbOGRg3VzlQ


All Recipients of Fannie Mae and Freddie Mac Campaign Contributions, 1989-2008

Name Office State Party Grand Total Total from
PACs Total from Individuals
Dodd, Christopher J S CT D $165,400 $48,500 $116,900
Obama, Barack S IL D $126,349 $6,000 $120,349
Kerry, John S MA D $111,000 $2,000 $109,000
Bennett, Robert F S UT R $107,999 $71,499 $36,500
Bachus, Spencer H AL R $103,300 $70,500 $32,800
Blunt, Roy H MO R $96,950 $78,500 $18,450
Kanjorski, Paul E H PA D $96,000 $57,500 $38,500
Bond, Christopher S MO R $95,400 $64,000 $31,400
Shelby, Richard C S AL R $80,000 $23,000 $57,000
Reed, Jack S RI D $78,250 $43,500 $34,750
Reid, Harry S NV D $77,000 $60,500 $16,500
Clinton, Hillary S NY D $76,050 $8,000 $68,050
Davis, Tom H VA R $75,499 $13,999 $61,500

Please note who got the six figure contributions from Fannie Mae and Freddy Mac.

http://www.opensecrets.org/news/2008...d-freddie.html

Now then.... I have to ask... why should Countrywide and other Mortgage pushers get hammered while the market leaders of subprime mortgages, the two Federal Agencies, gets a pass and a bailout?

By the way, the Rockefellers, Kennedys and John Kerry are multi-milloinares. Are they not "filthy rich" too?

Genes

[Bob_VT]

Originally Posted by JBIZZ

Without the bailouts CEO's and corrupt politicians don't get paid. It would make too much sense to distribute that money to everyone equally, in order to stimulate the economy. The elite get 1st dibs on taxpayer's money, the rest trickles down to us peons (majority).

This is ultimately caused by the elite, mostly republicans (a.k.a. filthy rich people) for eliminating certain lending regulations. I am glad Obama was elected, but this mess just seems too big to clean up.

As far as the big 3 go, they will go bankrupt eventually. I know my friends and I will never buy an American car again. I use to like GM vehicles too, til I realized thy just don't last as long as Japanese cars. As far as the Unions go, They helped cause this financial catastrophe, which may just lead us into a depression. Its funny how someone working at a fast food place makes minimum wage, and how someone working at GM installing one screw on each car makes at least 3 times that.

Sorry if I offended anyone (republicans/union workers), just wanted to add my 2 cents

You need to do your homework there. Look at who was behind the lending acts..... you will discover it started with Jimmy Carter and expanded with Bill Clinton. YOU also helped cause the financial problems. No one is without blame. So you support Obama spending a minimum of 850 billion and posssibly 1 trillion dollars to be raised by taxes? BUT you don't like the idea of the bailout?

[jclo3313]

Originally Posted by JBIZZ

just wanted to add my 2 cents

Can I have half of that?