I Am Against the Bailout

Personal Stories, Advice, and Support 111 People

    Greed

    It is greed that got them where they are and now we are supposed to help.  I do feel for all the ones that are going to lose their jobs over this though.
    rondat rondat
    41-45, F
    Jan 30, 2009

    Where Will the Bailouts End? Part 2

    Never ending, botton-less pit of a Black Hole ... created by Congress to spend YOUR money.   States want $1 trillion to 'keep afloat'   http://news.yahoo.com/s/politico/20090102/pl_politico/17000;_ylt=Arle0c9EF3XJPaRRIQxacuWyFz4D   A group of Democratic...
    Josie06 Josie06
    56-60, F
    5 Responses Jan 3, 2009

    Another Big Scheme ... to Get Your Money

    ** Jefferson also noted in his letter that "the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale." What an apt description of the current federal "bailout" **   http://www.capmag...
    Josie06 Josie06
    56-60, F
    14 Responses Feb 1, 2009

    Government Ownership = Socialism (part 2)

      UAW gets 55% of Chrysler and 39% of GM (plus the Pension Fund). How sweet! Can you say government pandering! Or government payoff! This defines the phrase “inmates running the asylum.” The union workers will own the company and the government will supply...
    Josie06 Josie06
    56-60, F
    3 Responses Apr 27, 2009

    They Can Use Their Bailout Cash to Pay Their Taxes.

    Unreal - why do we keep paying taxes as individuals? Wonder if this was okayed in the bailout bill that nobody read?     13 firms receiving federal bailout owe back taxes By STEPHEN OHLEMACHER, Associated Press Writer http://news.yahoo.com/s/ap/20090319...
    Josie06 Josie06
    56-60, F
    2 Responses Mar 19, 2009

    GM ... Pretty Much Government Motors.

    Bad management decisions. Mismanagement of it's business and its relationship with the United Auto Workers. While the UAW is part of the problem, it was the executives who elected to market cars of inferior quality and were not in sync with American consumers. Any basic business...
    Josie06 Josie06
    56-60, F
    7 Responses Mar 14, 2009

    See How Much It Will Cost You

    Below is a link to a website that has a Bailout Calculator on the home page for you to fill in.  This will give you a dollar amount on how much the bailout as it stands now will cost you.  Remember this is just the amount for the bailouts.  It does not include what...
    Grits4life Grits4life
    46-50, F
    2 Responses Feb 22, 2009

    Where Will the Bailouts End? Part 3

    Here is a real shocker for you: GM says that it may need more money from the government ... AKA the taxpayers, you and me. Oh yeah .. this bailout is working big time, isn't it?   See AP article at http://finance.yahoo.com/news/GM-exec-says-automaker-may-apf-14029205...
    Josie06 Josie06
    56-60, F
    1 Response Jan 13, 2009

    Just Had Two Bailout Bills ... Now Another

    First we had the Bush Bailout Bill last October of so. Then we had the Obama-Reid-Pelosi Bailout Bill in early February. Now Congress prepares their next massive spending bill. We let them go once ... then twice ... now 900 earmarks in a new bill .... When will it end? When we...
    Josie06 Josie06
    56-60, F
    9 Responses Feb 23, 2009
    JojoWazoo JojoWazoo
    46-50, F
    7 Responses Mar 23, 2009

    Government Ownership = Socialism

        They don’t mind the Constitution - as long as THEY get to RE-interpret everything that it stands for and means. Where is the fairness in asking people who pay for their own health care and must fund their own retirements to bailout someone who received...
    Josie06 Josie06
    56-60, F
    1 Response Apr 27, 2009

    When Is Stimulus Not Stimulus

    Here’s one problem: 'NATIONAL COORDINATOR OF HEALTH INFORMATION TECHNOLOGY.' A Med Czar was included in this legislation. This is spending that’s not going to occur for two years supposed to stimulate the economy today?       http://townhall.com...
    Josie06 Josie06
    56-60, F
    1 Response Feb 12, 2009

    One Housewife's Opinion

    Could it be, Keynes was WRONG?  Empirically, his theories have not been proving out very well. Not nearly as well as the Laffer Curve, which show an INVERSE relationship between tax rates and treasury revenue. Historically it worked for John F. Kennedy, it worked for Ronald...
    Josie06 Josie06
    56-60, F
    2 Responses Feb 11, 2009

    Misplaced Outreage and Unconstitutional Acts.

      House OKs 90 Percent Tax on Bonuses Fox News | http://www.foxnews.com/index.html March 19, 2009 | Fox News Breaking news alert from Fox News, the House has approved the 90% tax on bonuses given out by firms that accepted bailout funds. (Excerpt) Read more at...
    Josie06 Josie06
    56-60, F
    3 Responses Mar 19, 2009

    The Power of Banking ... and Greater Government Investment

    Speaker of the House of Representatives describing the U.S. economy as “dark, darker, darkest,” indicated that further nationalization of American banks may be necessary, although she shied away from using the word “nationalization.” This is what...
    Josie06 Josie06
    56-60, F
    15 Responses Jan 26, 2009

    Is This the Sound of the Titanic Hitting the Iceberg.

    "American International Group Inc, once the world's biggest insurer, had to be bailed out by the U.S. government last September after losses on bad mortgage bets. In exchange, taxpayers got roughly 80 percent ownership, heavily diluting the stake of shareholders." The...
    Josie06 Josie06
    56-60, F
    Mar 10, 2009

    AIG

    OMG! AIG is being totally stupid! Why in the heck is our bailout money going towards their stupid butts?! They don't deserve it! People are getting laid off left and right, and for what?! Just for those idiots to get millions of dollars in raises? That is...
    drummergrl06 drummergrl06
    26-30, F
    1 Response Mar 17, 2009

    Banks ... Becoming Political Institutions?

    TRUTH or RUMOR: AIG guarantees the Congessional Retirement annuitees, Pensions ?   Fed Moving To Nationalize AIG? - http://politicallydrunk.blogspot.com/2009/02/fed-moving-to-nationalize-aig.html   ~~~~~~~~~~~~~~~~~~~~~~~~   Should the U.S. Nationalize Banks...
    Josie06 Josie06
    56-60, F
    3 Responses Mar 2, 2009

    The Purpose of This Financial Crisis Is to Take Down the United States ...

     ... and the U.S. dollar as the stable datum of planetary finance.   ~~~~~~~~~~~~ The Financial Crisis: A Look Behind The Wizard's Curtain Canada Free Press | http://canadafreepress.com/index.php/article/9454 March 19, 2009 | Bruce Wiseman   I’m tired...
    Josie06 Josie06
    56-60, F
    7 Responses Mar 20, 2009

    The So-called Stimulus Bill Doesn’t Have Anything to Do With Economics ...

      and the economy is what we are trying to stimulate! Endless pages of regulations may be even worse than the high taxes.Complying with complex,often contradictory rules leads to wasted time and money.     http://www.cato.org/special/stimulus09...
    Josie06 Josie06
    56-60, F
    3 Responses Feb 10, 2009

    Another AIG?

    Until GM can show it can produce and sell cars at a profit, no amount of bailout money will help. Sound like Congress and the Administration is more concerned with the politics than the economics of this situation. Better they fail now than failing later with hundreds of billions...
    Josie06 Josie06
    56-60, F
    2 Responses Mar 18, 2009

    Dems Step Up the Pressure On Republicans With Partisan Attacks

    With more and more people not wanting the new bailout the way it is a new approach has been taken by the dems to get support for the big pork bill they want us to pay for. http://www.americanthinker.com/blog/2009/02/dems_step_up_the_pressure_on_r.html   February 02, 2009...
    Grits4life Grits4life
    46-50, F
    3 Responses Feb 2, 2009

    The Bailout

    The bailout,I'm against it,Shouldn't have happened,Many in years past,Were not bailed out,So why now?
    lazycrazybasket lazycrazybasket
    46-50, M
    1 Response Jun 26, 2012

    Spending In the Stimulus Bill

      Here is a list of some of the 'spending' in the bill:   $24 million for construction and repairs to US Department of Agriculture facilities $22.5 million for the USDA Inspector General for oversight on the stimulus bill $176 million for deferred maintenance on US...
    Josie06 Josie06
    56-60, F
    18 Responses Feb 13, 2009

    The Neverending Story ... Part 3

    Congress loves our money. Loves it sooooooo much, they want more!   Older article - Bailout Bills Now Total $9.7 Trillion - from Wednesday, February 11, 2009 - http://moneynews.newsmax.com/streettalk/bailout_bills_trillions/2009/02/11/180594.html     http...
    Josie06 Josie06
    56-60, F
    1 Response Mar 10, 2009

    It Has Never Been Clearer That Our Congressmen and Senators Need Term Limits.

      http://www.humanevents.com/article.php?id=31343 Bailout Exceeds 90 Percent of 2008 U.S. GDP by Deroy Murdock 04/06/2009   Anyone who doubts that the Bush and Obama administrations collectively transformed America into a socialist state should consider this...
    Josie06 Josie06
    56-60, F
    1 Response Apr 6, 2009

    GM to Kill Pontiac and Cut 21,000 Jobs

        http://www.foxnews.com/story/0,2933,518007,00.html http://www.washingtonpost.com/wp-dyn/content/article/2009/04/27/AR2009042700872.html?hpid%3Dtopnews&sub=AR  http://www.wxyz.com/news/story/ALERT-GM-Cutting-21-000-Jobs-Pontiac/kYLlxaZ6t0KZbtFj5yAwEw.cspx...
    Josie06 Josie06
    56-60, F
    2 Responses Apr 27, 2009

    Bailout Mascot!

    Humor ... maybe.  
    Josie06 Josie06
    56-60, F
    2 Responses Mar 18, 2009

    Honest Abe Said It Well!

      "You cannot multiply wealth by dividing it. You cannot legislate the poor into freedom by legislating the wealthy out of freedom.   "What one person receives without working for, another person must work for without receiving. The Government...
    Josie06 Josie06
    56-60, F
    4 Responses Feb 20, 2009

    Assets My ***!

    O k.  I know nothing.  I am a school bus driver.  I dropped out of three colleges. I don't know if I'm for or against the bailout.   But my simple mind has always assumed that an asset is a good thing.  No?  Am I crazy?   So...
    LilAnnie LilAnnie
    56-60, F
    5 Responses Feb 11, 2009

    Outrage and Acting Too Fast

    The House of Representatives acted by passing an unconstitutional act (90% tax on the bonuses at AIG) before thinking out legal ways to act. A 90% federal tax rate in combination with a high state tax rate in, say, New York or California will approach 100% confiscation of wealth...
    Josie06 Josie06
    56-60, F
    3 Responses Mar 20, 2009

    The Government Scr*ws GM Shareholders! Whose Next?

      Stock shareholders! Bond shareholders! All scr*wed by US government and Obama Administration in its 'managed bankruptcy. Not to mention the p*ssing away of millions into a black hole never to be recovered. GM is part of many portfolios for retirement plans for teachers...
    Josie06 Josie06
    56-60, F
    1 Response May 5, 2009

    According to Economic Experts, Porkulus Maximus Is a Dog That Won't Hunt

          There's No Stimulus Free Lunch -- It's hard to spend wise and spend fast. http://online.wsj.com/article/SB123423402552366409.html February 10, 2009 | by Gary S. Becker and Kevin M. Murphy   How much will the stimulus package moving in Congress...
    Josie06 Josie06
    56-60, F
    52 Responses Feb 10, 2009

    AIG, Part Deux ... the Government Knew All Along

    The President passed the buck to Dodd who now passes it to Bernanke. How about SECTREAS Geithner’s claim he is going to make AIG pay back the bonuses to the government—not the bonus recipients? AIG is 80% owned by the government, which will be paying itself. A total...
    Josie06 Josie06
    56-60, F
    17 Responses Mar 19, 2009

    More Thought On Gm ... Government Motors

                                   
    Josie06 Josie06
    56-60, F
    2 Responses Apr 7, 2009

    Knew It ... Wasted Taxpayer Dollars

    "In this present crisis, government is not the solution to our problem; government is the problem."~ Ronald Reagan. This statement is still true and accurate today. Your tax dollars at work. Where does it end? Will the pensions be turned over to the Pension...
    Josie06 Josie06
    56-60, F
    2 Responses Apr 13, 2009

    More On Aig ...

    Although i'm definetly not pleased with AIG's actions there were contracts in place to pay the bonuses. Another contract, even by Congress, can't negate that previous contract. That could destroy contract law in general. Possibly your employment contract. Why shouldn't all of...
    Josie06 Josie06
    56-60, F
    6 Responses Mar 18, 2009

    Where Will the Bailouts End?

    There should be a "WORKOUT" not a "BAILOUT"! The money giveaway is money that does not belong to the US government. What is the bailout for homeowners ... zip. nada, squat, $0.00! $17.4 billion rescue package for General Motors Corp. and Chrysler LLC...
    Josie06 Josie06
    56-60, F
    8 Responses Dec 31, 2008

    Slight of Hand. Pulling the Wool Over Taxpayers Eyes!

        Fiscal Illusion January 24, 2009 | by Wayne Winegarden http://townhall.com/Columnists/WayneWinegarden/2009/01/24/fiscal_illusion Over 2,400 years ago the famous Greek historian, Herodotus, counseled that “Haste in every business brings failure...
    Josie06 Josie06
    56-60, F
    1 Response Jan 24, 2009

    Even the Cbo Now Has a Change of Mind.

    The first paragraph says what many have thought for some time now ... "... he stimulus package will have a negative long-term effect on the economy."     ~~~~~~~ Impact of the Stimulus Package Point of View | 3/10/2009 | Kerby Anderson http://pov...
    Josie06 Josie06
    56-60, F
    3 Responses Mar 10, 2009
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