Bailout? Or an economic plan that might work!!!

[parrysurf]

NO BAIL OUT............777 POINT DROP ON THE DOW!!!!

Who has the crystal ball??? What is the right move???

Here is an interesting question......What will the dow finish 2008 at???

No way can it hold over 10K I am predicting 9K or even lower.

Gonna be a bumpy road ahead.....hold on to your boards.

[oldgrom]

9k???!!! I say much lower.... much much lower. Hmmmm my crystal ball is showing me this is only one of the great F ups that has been forced to the light we have yet to see the outher wrong doings that have not come to the surface. History shows that (unlike what the president says "we are not in a recession and do not have inflation" HA HA...yea right!!) this recession is the begining of a very steep hill and were headed down it.... What's at the bottom you ask....?? A depresion!!! This is a sign and a taste of the snowball effect ( compounding factors must be included ) unemployment,loan defaults,natural disasters,false wars etc. can and will not make things better but worse!!!! I for one don't feel any greif for I am one that has sat and watched it coming.... It is my kids though,,,, just how do you tell em you screwed the pooch this bad or allowed this to happen????? What should be noticed is not just the dow but the global market all markets took a hit,, a big hit( think a few more hits are coming too). Wow I'm seeing anouther dot com/Enron ouchie but on a far grander scale. Could we devalue the dollar anymore??? Just how is it (being ex military and all) that we can toss the idealisim to outher nations by persuasive actions or by military force to copy us????? No wonder why were hated as a nation!!!! Why would anyone wan't to copy a failure as this! I gues if we had built infastructure in outher countries instead of feeding them ( making them food dependent only vs self suportive) we could ask them for food when the time comes and it might be coming sooner than we think or hope. We can't keep writing check's with no monney in the bank( or in our case negitive funds), bad policy!!! The new bailout plan will be just as, if not worse and what's to stop this from happening again? and then what? We'll just bail out say a trillion bucks worth of oops sorry, why not what the hell I don't mind knowing my great great great grand kids will still be paying for it right? I mean after all were still paying for ww I, wwII(wich were justified) but 60+ yrs of outher blunders!!!! so what's anouther 100 or so years?
We are in for a doom and gloom time and this dosen't look good,, not good at all.

[twerked]

my economic bailout plan:

legalise it...tax it a bit...and you're golden. and/or the fair tax. google it, it's the most brilliant thing ever

[flyingvee]

I heard that the Origami Bank has just folded.

[tree4]

I heard that the Origami Bank has just folded.

And the Sperm Bank has had is Comeuppance?

[buckthis]

old grom, depression? i don't think so, the unemployment is only around 6%, not even as bad as 1982 when it hit about 10%, and they lived through it. plus, there are plenty of jobs, some employees just have to be retrained.

[twerked]

if the government took that $700 billion and gave every person, meaning every single person, an equal share, everyone would get about $2000...if they gave it to everyone 18 and older..well, i think people would get out of debt a lot faster. i took the us population from this http://www.census.gov/main/www/popclock.html

[RJD]

Issue is a lot of people have made a lot of money lending no hopers way to much against overpriced property.

And now the bill has ended up at central government, no point giving everyone $2000 as it wont help those who are defaulting and those who arnt will just buy another big screen tv.

[twerked]

well that figure i made is dividing that $700 billion between every person in the us. infants to elderly. if it was 18 and over, it'd be a lot more per person

[Hang11]

IMO things are going to get really interesting within the next week - I think it's pretty likely that we'll see a run on a lot of major banks as a result of them facing serious liquidity issues as funding lines rollover and cannot be replenished. If it cannot be confined, and becomes a domino effect, then most western economies will be rooted, and there could very likely be a temporary global shutdown of the banking system. And most governments are now seeing this as a very real possibility - guaranteeing savings etc.

[oldgrom]

Hey buckthis I want you to think about what you said and look a little deeper into this. I was here on earth in the 80's so I know about them !!
They are no comparison to todays blunders first off total unemployment is at a total 11% not your 6% ,, 1/5 or more of U.S. jobs have gone accross the border and overseas and mind the huge amount of banking debt screw ups, big business screw ups, little business being squashed by corporate greed and every state having huge debts piling up and up and up . Plus this is having a much larger impact on world finacial institutons. Just curious do you write checks when your bank account says zero ??? How about when it's negetive funds ??? How long do you think that kind of accounting and balancing get's to go on before it comes full circle and bites you in the rear??? The 80's had only simalar looks to it 20 more years of just dig deeper don't work!!! as well as you have only seen the start of this madness and mabie you didn't see the report that unemployment is predicted to jump to 14% from all these so called businesses having work like you say.. Companies retraining employees !!?? ha ha why would a company chose to spend money retraining vs letting them go and pulling from the unemployment line a person who allready has the training ??? Not trying to be harsh on ya Buckthis I do love the optemisim but I think you need to look farther out to see whats coming.

[isaluteyou]

^^^^^Agreed

Put simply this issue is not gonna get better but much much much worse. To be quite honest i firmly beleive this is gonna be the worst financial crisis on a global scale - remember this is not just amaerican thing but world wide

[oldgrom]

Yes it is a global ouchie.... happening Now!!??? The thing we all need to take into considersation is the fact that just because a bailout has occured dosent fix the problem, it creates a false repair and just like before what's to stop the next ??????? mistake or whatever from occuring !!!!????? Where is all the monney coming from ????? I love that the average person and the government has the abilty to believe that a piece of gum will fix the leak in the dam. Who said "the most powerfull force in the universe is compound intrest" ??? Well when he said that it was true. What people don't want to see is compounding intrest can work in two directions one can build great wealth the outher side of the sword shows it to can build unsurmountable debt !!! All the government/corporate greed,blunders and on purpose actions costing and taking monney etc. has been going on for a long time and has been "compounding intrest" for so long it is truly unfathomable to see the end coupled with what's to stop the next corporate/government (bailout oopsie from occuring)..... Nothing!!!!! We havent begun to see the ripple efects in full swing and only see the shovel diging deeper and deeper. Looks like a duck walks like a duck quacks like a duck hell even flys and swims like a duck...well then it's pretty safe to say then it's probably a duck. This mess in finacial/government world looks like a turd smells like a turd........

[parrysurf]

If I lose the house, I gonna keep my motor home...(paid for)...I think a family of five can grow up just fine in a '96 Tioga......just think of the ocean front living. I'm sure my kids will benefit from the close family unit, and the constant chasing of swell!! We could head south for some bilingual training....who needs school.

I am always seeing the up side!!

[isaluteyou]

what makes me laugh are the suits who say "we can fix it" great but How just saying it aint gonna magically do it and the bail out plan(s) (seems like a lot of countries are considering somethng simular to the US) is a load of crock. - You dont cure rabies with a flu shot

[tomcat360]

TURN YOUR MONEY INTO CORE ASSETS!!!

Buy lots and lots of boards!



We need change....lots of change....lets make some change with some plans that make change......

[oldgrom]

HA HA I like the mobile living with the language course,,, oh hell yea talk about a tight family and a close knit lifestyle who dosent love family bonding!!!

I still don't see any corporate big cats getting the poop chute slaming that they should be getting and if this was a bail out under definition isin't "bail out" due to your sinking or bailing out of a plane which is in the procces of crashing ?????? Bailing out dosent stop the leaks or plane from crashing right??? Hmmm I didn't see my golden parachute and am looking at my bail bucket which reads " we (your governmental leaders) have not taken enough of your money and put you into absolute poverty, We apologise for this error and any inconvienance this may cause. On your bucket there are instructions on how to fill it with all the remaining funds you have and please pay carefull attention to the shaking of small children and piggy banks upsidedown part 2 sub section 4, we would not want them to drop and break it. Please allso make a listing of all assets and personal belongings and include them in your bucket so as we may come by and collect them at a latter date.

[tomcat360]

Perhaps a better metaphor is a bailout of jail? Haha. Mobile living sounds fantastic....but where's the gas coming from? I'll join you if you figure that out, haha

[oldgrom]

Hmmmm thinking..... Gas ? ? ? = hose,can, siphon gas from fat cats limmo.ha ha

WHAT"S THIS !!! Anouther dow market slam ??? what is that 1 point off of the 80's record ??? Geeezzz all we need now is a war and higher gasoline prices and increased rents.... Wait we allready have that close to an even 9k...... Who want's to say it's gonna go lower ????

[oldgrom]

OPPS MY BAD 8600k