The 700 billion dollar bailout victory?

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I am so happy the 700 billion dollar bailout failed. I know this will lead us into a possible depression but i will be just fine. My family can live with my grandpop who’s house is paid off. We will find food. I did not want my tax dollars going to bailout people who gamble on wall street. This economic depression is needed so this country can start fresh. maybe keep us out of wars we can’t afford and stop policing the world. Many will lose their jobs, many may become homeless. But if the bailout went through, it would only delay the inevitable. America needed to be taught a lesson. Regardless of who wins the election, both parties will have to deal with the same mess. I feel sorry for all of you who’s lives revolve around credit. The next 5 years will be hardest for you. For people like me who don’t buy anything they can’t afford, it will be alot easier. Let this be a lesson to all those with credit cards, mortgage loans, financed cars, and jobs that make you slaves to keeping you material wealth. Life will go on. What do you fear? shouldnt have maxed out that visa and mastercard.
yes do nothing and let the depression come..im ready for it..been ready..let the market work balance itself in time..food clothing and shelter is all you need

I am so happy the 700 billion dollar bailout failed. I know this will lead us into a possible depression but i will be just fine. My family can live with my grandpop who’s house is paid off. We will find food. I did not want my tax dollars going to bailout people who gamble on wall street. This economic depression is needed so this country can start fresh. maybe keep us out of wars we can’t afford and stop policing the world. Many will lose their jobs, many may become homeless. But if the bailout went through, it would only delay the inevitable. America needed to be taught a lesson. Regardless of who wins the election, both parties will have to deal with the same mess. I feel sorry for all of you who’s lives revolve around credit. The next 5 years will be hardest for you. For people like me who don’t buy anything they can’t afford, it will be alot easier. Let this be a lesson to all those with credit cards, mortgage loans, financed cars, and jobs that make you slaves to keeping you material wealth. Life will go on. What do you fear? shouldnt have maxed out that visa and mastercard.
i dont own a house

22 Comments
  1. Reply
    Spock (rhp)
    January 27, 2011 at 7:41 am

    so what is your proposal, do nothing?

    here’s mine: http://answers.yahoo.com/question/index?qid=20080929141127AA1e0Nq&r=w

  2. Reply
    Gerard
    January 27, 2011 at 7:47 am

    You are right, and thanks for having the courage to say it!

  3. Reply
    Bill S
    January 27, 2011 at 8:02 am

    Your like a child you know that?What about the elderly that would have to make do? I hope if we do go down that road your the one to need things you wont be able to get ,like food,water and yes a life .Punk~!!!!!

  4. Reply
    BigDaddyHogHead
    January 27, 2011 at 8:58 am

    Are you old enough to pay taxes. Tell grandpop I have some plow mules and horses for sale and will even throw in some tack

  5. Reply
    rev ricky
    January 27, 2011 at 9:19 am

    You’re saying we are going to be like Brazil or some South American country. Haves and have nots. The haves in walled estates, with pistol toting bodyguards and starving children in the streets. If your rich, you get richer, but it won’t be better. I already live inside the gate.

  6. Reply
    Alegria
    January 27, 2011 at 9:46 am

    Wow! I am so glad that you will be fine! The rest of us were worried about you, but now I can sleep soundly because you will be just fine! Your poor grandpa on the other hand, I don’t know about him.

    I guess it is ok to let the country go to hell now because you will be fine. *rolling eyes*

  7. Reply
    Calvin
    January 27, 2011 at 10:33 am

    I am not sure this is over as yet, we will have to see what happens in the next couple of days.

  8. Reply
    Charles C
    January 27, 2011 at 11:32 am

    If Obama gets in this will all come true. GOD BLESS AMERICA

  9. Reply
    Agent 99
    January 27, 2011 at 12:18 pm

    I completely agree with you….I have been totally debt free now for three years….Let the chips fall where they may, I am very happy that bail didn´´t happen, I know it wouldn´t have done a thing and it was only putting a bandage on this problem…

  10. Reply
    Thom
    January 27, 2011 at 12:29 pm

    can you pleaaase move to canada? pretty please?

  11. Reply
    World's Greatest
    January 27, 2011 at 1:19 pm

    You are a real jerk you know that. This country is in trouble and your response is me, me, me, **** everyone else.

  12. Reply
    Julie C
    January 27, 2011 at 2:02 pm

    Yeah, me too. I don’t have credit cards. I never liked debt. I’m afraid food prices may go up so high we can’t get much, but I’m sure we’ll be okay.

    This would have happened anyway. It’s just happening sooner rather than later.

  13. Reply
    Jo d
    January 27, 2011 at 2:49 pm

    Well, I never thought I would see it in my lifetime, but like you I pay cash and dont rely on credit. I think your right. Time for a change.

  14. Reply
    Jay M
    January 27, 2011 at 3:15 pm

    This has nothing to do with the Free Market correcting itself. This is the point a lot of skeptics of the bailout dont understand….whats happening now is a result of the Free Market being too free…yes I said it….all this deregulation and lack of oversight has allowed those few men on at the top to run wild with their greed at our expense! They manipulated the free market with the credit they handed out through out this decade….They have already damaged it…..there is no solution to this problem outside the government…..If you like banks and houses and your dollar to be worth anything there is no reason this bailout isnt in your interest…..if your taxes dont go to this they will end up going to some pork barrel bridge to nowhere project anyways

  15. Reply
    samwu09
    January 27, 2011 at 3:21 pm

    Doing nothing might actually be better, but the problem is that Wall Street demands a bailout, and if they don’t get it, well, you know what happened today.
    And I agree with you on the last point, buy stuff when you can actually afford it! Americans seem to like to gamble since they take out so many loans that they might not be able to pay back, and that messes up the financial market which in turn messes up everyone else.

  16. Reply
    Hannah's Grandpa
    January 27, 2011 at 3:28 pm

    6 years ago, Clinton’s deregulation of the banking Industry, allow the mortgage industry to raise my mortgage from less than $ 500 a month to $ 1200 by increasing the interest rate at an accelerated level that was not in the contract that I signed.
    As a result I and my wife spent 3 years homeless, it took us 3 years to get back on our feet without any credit.

    Instead of boarding up those houses with failed mortgages, rent them out to people at an affordable rent, and there will not be so many people homeless.
    If they were to rent out every one of those reprocessed houses we would not need 700 billions to bailout those mortgage companies.

  17. Reply
    HD
    January 27, 2011 at 3:48 pm

    you got it, let the chips fall where they may. this bailout is for one thing, wall street, i say screw ’em.

  18. Reply
    penguin
    January 27, 2011 at 4:25 pm

    Your forgetting that Congress gave the federal bank the authority and they did it anyways. You don’t have a say in this, you only get the bill. Please notice how much of your tax dollars are going overseas.

    Federal Reserve Actions
    The Federal Reserve announced today several initiatives to support financial stability and to maintain a stable flow of credit to the economy during this period of significant strain in global markets.

    We will continue to adapt these liquidity facilities as necessary and will keep them in place as long as circumstances require.

    Actions by the Federal Reserve include: (1) an increase in the size of the 84-day maturity Term Auction Facility (TAF) auctions to $ 75 billion per auction from $ 25 billion beginning with the October 6 auction, (2) two forward TAF auctions totaling $ 150 billion that will be conducted in November to provide term funding over year-end, and (3) an increase in swap authorization limits with the Bank of Canada, Bank of England, Bank of Japan, Danmarks Nationalbank (National Bank of Denmark), European Central Bank (ECB), Norges Bank (Bank of Norway), Reserve Bank of Australia, Sveriges Riksbank (Bank of Sweden), and Swiss National Bank to a total of $ 620 billion, from $ 290 billion previously.

  19. Reply
    tom jones
    January 27, 2011 at 4:35 pm

    Right on lets send the Illegal Immigrants home to free up some 12 million jobs, call in all student loads, and enact real welfare reform it’s called work for money.

  20. Reply
    hellokittyxcore7
    January 27, 2011 at 5:29 pm

    Im assuming your house isnt paid off so you couldnt afford your house w/o loans kinda hypocritical dont you think??
    i agree the bailout should not have happened because middle class gets screwed and we all end up paying more taxes
    And alot of people have student loans so its not all creditcard debt

  21. Reply
    john s
    January 27, 2011 at 6:16 pm

    This is the most idiotic uneducated thing I have ever read.

    My answer: Take an economics class, so you can at least know a little about your topic.

  22. Reply
    tkahrs12122
    January 27, 2011 at 6:26 pm

    The poor are not effected one way or another. You are not a taxpayer but a freeloader. You intend to live with your grandfather. Guess what,
    his retirement savings are going down the drain and he will be unable to afford to feed himself never mind you.
    When you loose your job if you have one because the company has no business or money to pay you I hope you are still laughing

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