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| Thread: Fannie Mae/Freddie Mac Bailout |  This thread is pages long: 1 2 3 4 5 6 · «PREV / NEXT» |
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TitaniumAlloy
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posted October 03, 2008 06:45 AM |
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The Senate has voted for the bailout, but I'm not so convinced that the bailout will help that much anymore.
If you take a look at Japan for example throws trillions trying to stimulate the economy to no effect, but the difference is that the general population has alot more money than America so they can afford to tax them more, unlike the Bush tax cuts, and while Japan has a large deficit it can't be compared to America who borrow so much more than they lend and import more than they export by a long shot.
I suspect Japan would be laughing at this tossing and turning over the mortgage bailout...
And another problem is that soon Ford and GM will be broke and will need yet another bailout. Or maybe they will be forced to merge.
We'll see.
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TitaniumAlloy
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posted October 06, 2008 12:49 PM |
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Anyone noticed some similarities between the current situation in the US and another historical event....
such as Hitler's rise to power?
Hitler rose to power by creating hysteria and a crisis (economic depression?) and a scapegoat (guess who) to start conflicts and appointed himself temporary chancellor to remain political.
Although it would take nowadays, for a coup in the US, about 700 billion dollars or so....
Where would the government get such money? Perhaps the no-questions asked 700 billion dollars printed to be paid to the Treasury Secretary? (who, mind you, handles the security detail for the President)
If he wanted they could have this money transferred to the private funds of an australian guy living in melbourne. They probably won't (although it would be nice) but they can do what they want with it.
If this seems extreme then remember that George W's granddaddy Prescott tried to organize a coup to overthrow FDR not too long ago and establish a dictatorship government not unlike Hitler's regime.
All they need now is to create panic (as if we need more... mass hysteria has taken over don't even need to list examples) and to invade a nearby, relatively helpless nation with only short range lancers as defence... hmm...
sorry Pan 
What's next? A bill past in congress to extend his tenure?
Troops redeployed from Iraq to Washington?
Probably not, but it's a scary thought
If we're not careful we could be seeing a reinstatement and Bush's third term, either that or we get the other option being Bush's third term. (and by that of course I mean McBush and the lovely gentlewoman Palin).
Just in case you felt like some happy thoughts 
edit:
I'll say it again.
I don't think that Bush is going to create a coup.
Relax.
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Mytical
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posted October 06, 2008 12:59 PM |
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Ever thought it might be in order to get Mr. 'Change' in the office? Hmmm? While it is doubtful, it could be a ruse made by the Big O, making people vote him in and giving him at least 4 (and possibly 8) years to solidify his power. If you are considering conspiracies might as well consider them all.
Most voters in the US already have voter Apathy. They have been lied to, misled, and had the wool pulled over their eyes so often they would probably believe the sky was pink with purple pokadots if told so by the media/government. I mean, they are believing people who claim they can fix the economy, get us away from our dependancy on forein oil, and make America popular again..all in 4 short years.
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TitaniumAlloy
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posted October 06, 2008 01:17 PM |
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Who is Mr. Change?
Both candidates are marketing themselves as 'mavericks'
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Mytical
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posted October 06, 2008 01:28 PM |
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Yes, but only one has a first name that begins with O. ((Note the reference to the Big O)) . Just as easily as it could be Bush's Party's ploy, it could be the ploy of Bush's party's nemisis as well.
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antipaladin
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posted October 06, 2008 01:31 PM |
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How about explaining this to people who has no idea (me) what are you guys murdering about?
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TitaniumAlloy
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posted October 06, 2008 01:37 PM |
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Quote:
Yes, but only one has a first name that begins with O. ((Note the reference to the Big O)) . Just as easily as it could be Bush's Party's ploy, it could be the ploy of Bush's party's nemisis as well.
Sorry I didn't get the O bit
What do you mean just as easily?
I don't understand where you're getting this from...
Just as easily as I could be Bush's party ploy
@anti:
Quote:
How about explaining this to people who has no idea (me) what are you guys murdering about?
Just the evidence of the possibility that Bush could create a coup in oder to stay in power is mounting, and the similarities between the current situation and when Hitler did the same thing after the depression which led to nazi germany and indirectly to WW2 and aushwitz.
This thread is about the financial bailout in the US where congress has agreed to spend 700 billion US dollars to buy back bad morgage debts from broke companies in order to revive the economy.
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Azagal
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posted October 06, 2008 01:54 PM |
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Quote:
Just the evidence of the possibility that Bush could create a coup in oder to stay in power is mounting,
Sorry but none of you does seriously believe that a coup d'etat is going to happen... right? Like Bush would do that... he's in deep enough already. He is an idiot but even he isn't big enough an idiot to that. Think of the international consequences.
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mvassilev
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posted October 06, 2008 02:30 PM |
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TA:
Bush created a crisis? Are you referring to this one? Because he didn't create it. It is quite reasonable to blame him for it getting bad, but it isn't to blame him for starting it.
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antipaladin
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posted October 06, 2008 05:35 PM |
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but if he is reviving the economy isent it a good thing?
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OmegaDestroyer
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posted October 06, 2008 05:38 PM |
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Quote:
This thread is about the financial bailout in the US where congress has agreed to spend 700 billion US dollars to buy back bad morgage debts from broke companies in order to revive the economy.
After having my second response erased by acidentally going back in my browser, I've decided to keep this short.
1) Hitler didn't create the depression in Germany. That was a result of World War I. While he did scaepgoat things on the Jews, the civilians loved the idea and ate it up. They loved Hitler. The American people loving President Bush? Not so much.
2) A coup? Really. You must be reading Michael Moore's website to come up with such a far-fetched idea. Poor economies do not help those in power and frankly, people wouldn't stand for a third term of President Bush. Redeploy the military to Washington? Weren't there fears President Nixon was going to do the same? Yes and look what happened.
3) Lastly, you're the one who decided to use this thread to suggest how the bailout is a conspiracy to keep President Bush in power and remind us all of how you don't care for Senator McCain and Governor Palin.
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Corribus
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posted October 06, 2008 06:47 PM |
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Well this thread certainly took a turn for the stupid.
@OD
Quote:
1) Hitler didn't create the depression in Germany. That was a result of World War I.
Yes, and the collapse of the US economy in the late 20s/early 30s didn't help.
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OmegaDestroyer
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posted October 06, 2008 06:53 PM |
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True but it was primarily because the allies left Germany in ruins after World War I.
To get back on topic, the bailout hasn't had the immediate impact Paulson and the like were hoping from the looks of it. Confidence is low and stocks are plummeting. The DOW for the first time in awhile dropped below 10,000. If I had more than 6 shares of Disney stock (worth a whopping $1.56 dividend. It's ok to be jealous; I'll forgive you), I'd be upset.
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Darkshadow
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posted October 06, 2008 08:06 PM |
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Quote:
True but it was primarily because the allies left Germany in ruins after World War I.
And they wanted astronomical repayment amounts for WW1 (some 130 bilion German Papiermarks was it?).But let's forget that and get back on topic...
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Corribus
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posted October 06, 2008 08:08 PM |
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@DarkShadow
Quote:
And they wanted astrological repayment amounts for WW1
Don't you mean "astronomical"? Unless you mean to imply that the Allies wanted free German Tarot card readings for life.
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I'm sick of following my dreams. I'm just going to ask them where they're goin', and hook up with them later. -Mitch Hedberg
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Darkshadow
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posted October 06, 2008 08:12 PM |
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Yeah sorry, spelling error 
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executor
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posted October 06, 2008 09:37 PM |
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Quote:
because the allies left Germany in ruins after World War I.
Err... sorry to interrupt but could you name a single ally of Germany that existed and wasn't economically broke after WW1 has ended?
Germany lost WW1 economically and there was nobody, save their enemies, to support them. And victorious side demanded ridiculous payments, occupied part of Germany, and so on...
On top of that the 1929 crisis pumped unemployment to 50%, nothing weird Germans got pissed off.
And Adolf played on them, used the right tune, as simple as that.
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OmegaDestroyer
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posted October 06, 2008 10:04 PM |
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I'm talking about the Entente Powers when I refer to allies, not the Central Powers.
Sorry for taking this off course again.
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TitaniumAlloy
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posted October 07, 2008 06:23 AM |
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@Mvass:
Quote:
TA:
Bush created a crisis? Are you referring to this one? Because he didn't create it. It is quite reasonable to blame him for it getting bad, but it isn't to blame him for starting it.
No I am referring to a number of things, particularly the Iraq war which spends millions a day but also hysteria raised around this economic crash.
Modern scapegoat are Muslims rather than Jews.
If you don't believe me watch this video
http://www.youtube.com/watch?v=HfDdWV9IJbM
@ Everyone:
I never said that Bush was going to creat a coup.
In fact I said he wouldn't.
I'm saying that he could, and that there are similarities to that of Hitler's rise to power.
I also didn't mean that Hitler created the depression or that Bush created the credit crunch. I just said that Hitler rose to power after an economic crash, and we are experiencing another one now.
However in both ages there has been much manufactured hysteria.
@Corribus:
Quote:
Well this thread certainly took a turn for the stupid.
Constructive reply 
@OD:
Quote:
Weren't there fears President Nixon was going to do the same? Yes and look what happened.
Regardless of whether either Nixon wished or Bush wishes to, Bush has the means and Nixon doesn't.
Quote:
Lastly, you're the one who decided to use this thread to suggest how the bailout is a conspiracy to keep President Bush in power and remind us all of how you don't care for Senator McCain and Governor Palin.
I never suggested any conspiracy.
Anti asked what the thread was about.
I told him.
Also discussing nuances of the bailout package isn't offtopic if that's what you were implying.
Why the hostility? 
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OmegaDestroyer
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posted October 07, 2008 06:48 AM |
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This should clarify things for everyone:
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The giant has awakened
You drink my blood and drown
Wrath and raving I will not stop
You'll never take me down
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