as long as people are losing jobs hand over fist this will continue to be the case. this is not going to be over with in a year or two. We've got decades of greed and corruption to pay for.

Hobodeluxe: as long as people are losing jobs hand over fist this will continue to be the case. this is not going to be over with in a year or two. We've got decades of greed and corruption to pay for.

But I heard on the news that the rate of increased unemployment is slowing...that's like almost the same as no unemployment.

I thought the bailouts were a bad idea, but I did hope they might actually do some good. They did. They delayed complete financial chaos...but they did not stop it. Between this and the auto industry, we are still going to end up at the same place...failed businesses either filing bankruptcy (after spending all that money we gave them) or simply going out of business...after spending all that money we gave them.

But the good news it, only 5% of the country will have to pay for those bailouts.

Getting a "PAGE UNAVAILABLE" error.

Hobodeluxe: We've got decades of greed and corruption to pay for.

Yea, I knew greed and corruption were bad when they were invented a couple decades ago.

/facepalm

Hobodeluxe: as long as people are losing jobs hand over fist this will continue to be the case. this is not going to be over with in a year or two. We've got decades of greed and corruption to pay for.

Problem is, we can only elect new ones.

so, lesse now, .2 billion less lost....assuming a linear negative loss rate, by (now let's do the math, half of nothin', carry the zero) about 2050 they should be at the break even point!

and in another 100 years, they may be able to start re-paying the trillions in loans from us.

/cool

Arnold T Pants: Hobodeluxe: We've got decades of greed and corruption to pay for.

Yea, I knew greed and corruption were bad when they were invented a couple decades ago.

/facepalm

Technically, he didn't imply only a couple, you did. Multiple decades, so...2, 5, 27, it doesn't really matter.

/pet peeave.

Gotta love the government!

Link (new window)

Bailouts are wonderous!

Hope. Change. Spare change?

What if we just didn't buy them? (serious)

God damn it why hasn't Obama fixed this mess? How hard can it be?

We need fark independents in charge, they would know what to do!

Link (new window)

Obama Is Going To Pay For My Gas And Mortgage!!!

SeismicJizzer: God damn it why hasn't Obama fixed this mess? How hard can it be?

Not fixing it yet is understandable. farking it up even worse so that our great grandchildren will be in debt to China is what people are concerned about.

Take your false dichotomy bullshiat back to KoS.

Arnold T Pants: Yea, I knew greed and corruption were bad when they were invented a couple decades ago.


The greed Hobodeluxe is referring to is the greed that was allowed to pass by. Which started decades ago.

/facepalm

Arnold T Pants: Hobodeluxe: We've got decades of greed and corruption to pay for.

Yea, I knew greed and corruption were bad when they were invented a couple decades ago.

/facepalm

Oh look another basic concept that Arnold didn't get, color me surprised.

2b over 100 years is 200b.

Thats alot of savings.

Keep hope and change alive, I'm sure we'll spend our way out of it someday.

I_C_Weener: But the good news it, only 5% of the country will have to pay for those bailouts.


1.5% of households (less than that in terms of population since those households are small) according to the income quintile breakdown.

SeismicJizzer: God damn it why hasn't Obama fixed this mess? How hard can it be?

We need fark independents in charge, they would know what to do!

Ron Paul would have fixed everything in the first week. Ron Paul!

amazing_live_seamonkeys: SeismicJizzer: God damn it why hasn't Obama fixed this mess? How hard can it be?

Not fixing it yet is understandable. farking it up even worse so that our great grandchildren will be in debt to China is what people are concerned about.

Take your false dichotomy bullshiat back to KoS.

bwahaha every credible economist agreed bankrupting Lehman bros was a mistake, and every credible economist agree we had to have a bail out. But what the fark do they know? Also we owe more money to Japan than China so it would be nice if you stopped with the fear tactics of "OMG we owe the communists" Take that back to the freeper land


/Stop your biatching America we created this mess

Sir Daniel Fortesque: The greed Hobodeluxe is referring to is the greed that was allowed to pass by. Which started decades ago.

/facepalm

Greed that was allowed to pass by? What does that even mean? Government is required to hold back greed? In the real world the opposite is true. Risk holds back greed. But then government steps in and creates the moral hazard that lets greed get out of hand.

Russky: Oh look another basic concept that Arnold didn't get, color me surprised.

Yep, I don't get the 'concept' that greed was created 'decades' ago. I'm glad you understand that stupid.

I thought by throwing taxpayer money into Chrysler, GM, Fannie Mae and others we were eventually going to MAKE money?

Didn't Obama stand up there and say that at some point we would share the profits?

Kevua: Link (new window)

Obama Is Going To Pay For My Gas And Mortgage!!!

Yeah you tell 'em.... YOU CAN'T SPEND YOUR WAY OUT OF DEBT STUPID LIBS

DNRTFA, but is this due to getting the shiatty investments off the books?

Or it it because Barney Frank is gay and Chris Dodd is a Democrat and Bill Clinton forced banks to give a billion dollars to every poor black couple that wanted a McMansion and Jesus W Bush didn't give us enough tax cuts and Phil Gramm ended the Depression and Hoot-Smalley caused WWII and RON PAUL and Obama's a Communo-Marxo-Socialo-Homo-Fetuseater and FDR caused the stock amrket to crash in 1929?

Gee I thought the bailout would work instantly, just like everything in America is supposed to.

This isn't a microwave dinner idiotmitter, giant shiatstorms take more than just 3 months to clean up after.

SeismicJizzer: bwahaha every credible economist agreed bankrupting Lehman bros was a mistake, and every credible economist agree we had to have a bail out. But what the fark do they know?

Citation needed on every economist saying we needed a bailout. Or by "every" economist do you mean just the economists in the current administration?

Stupid libs with your "ideas". Oooo, let's try to "do" something to fix the problem. Everyone knows the proper way to run a country is on fear mongering, war by vendettas and removing all restrictions on the "greed and corruption" that ruins a free market system.

When shiat starts to go horribly wrong you camp out, let some lib fix it with there "ideas" (or "whatever" deal as they like to brand it). After that works, we can go back to what we we're doing before and work on rewriting the history of it.

Obviously, a tax cut would have fixed this by now!

SeismicJizzer: amazing_live_seamonkeys: SeismicJizzer: God damn it why hasn't Obama fixed this mess? How hard can it be?

Not fixing it yet is understandable. farking it up even worse so that our great grandchildren will be in debt to China is what people are concerned about.

Take your false dichotomy bullshiat back to KoS.

bwahaha every credible economist agreed bankrupting Lehman bros was a mistake, and every credible economist agree we had to have a bail out. But what the fark do they know? Also we owe more money to Japan than China so it would be nice if you stopped with the fear tactics of "OMG we owe the communists" Take that back to the freeper land


/Stop your biatching America we created this mess

Whats this "we" bs?

You might claim some responsibility but some of us are responsible with our money and pay our bills if and when due.

Hey, when you're speeding down a hill
slowing down on that hill is a priority
before you can start climbing back up.

/there is some inertia

I_C_Weener:
I thought the bailouts were a bad idea, but I did hope they might actually do some good. They did. They delayed complete financial chaos...but they did not stop it. .

Precisely. This has never been fundamentally about making things right- they won't be right unless the people get an equity stake in their investment- but about preventing an even worse immediate fate.

The goals here are to stave off complete systemic collapse, which even now is not yet a given. This is to give people an opportunity to retool, retrain, and rethink in the new environment. Infrastructure stimulus spending now also merely shifts the public burden of those costs from down the road (or the past), into immediate focus.

It's a sound strategy, given the available options, but not without risk. The danger is that spending could be wasteful as a direct consequence of the speed of implementation. I'm sure it would be nice if there was some sort of opposition riding herd on this process, instead of eating pizza on a listening teaching tour and critiquing condiment selection.

coma: Stupid libs with your "ideas". Oooo, let's try to "do" something to fix the problem. Everyone knows the proper way to run a country is on fear mongering, war by vendettas and removing all restrictions on the "greed and corruption" that ruins a free market system.

When shiat starts to go horribly wrong you camp out, let some lib fix it with there "ideas" (or "whatever" deal as they like to brand it). After that works, we can go back to what we we're doing before and work on rewriting the history of it.

I sense some butthurt.

Giltric: SeismicJizzer: amazing_live_seamonkeys: SeismicJizzer: God damn it why hasn't Obama fixed this mess? How hard can it be?

Not fixing it yet is understandable. farking it up even worse so that our great grandchildren will be in debt to China is what people are concerned about.

Take your false dichotomy bullshiat back to KoS.

bwahaha every credible economist agreed bankrupting Lehman bros was a mistake, and every credible economist agree we had to have a bail out. But what the fark do they know? Also we owe more money to Japan than China so it would be nice if you stopped with the fear tactics of "OMG we owe the communists" Take that back to the freeper land


/Stop your biatching America we created this mess

Whats this "we" bs?

You might claim some responsibility but some of us are responsible with our money and pay our bills if and when due.

really? Elections don't have consequences? When you elect officials who repeal the Glass Steagall act, and turn a blind eye when financial firms sell derivatives at a greedy pace and you partake in the profits at the stock market that's not to be considered? This is a collective environment where greed took over and no one batted an eye when the times were good but now...

COMPLETE SYSTEMIC COLLAPSE!!!!!!1111


lol why are people still believing the Y2K hype.

Their execs made more than AIG's execs did. I wonder if Franks and Obama are 'outraged'?

SeismicJizzer: amazing_live_seamonkeys: SeismicJizzer: God damn it why hasn't Obama fixed this mess? How hard can it be?

Not fixing it yet is understandable. farking it up even worse so that our great grandchildren will be in debt to China is what people are concerned about.

Take your false dichotomy bullshiat back to KoS.

bwahaha every credible economist agreed bankrupting Lehman bros was a mistake, and every credible economist agree we had to have a bail out. But what the fark do they know? Also we owe more money to Japan than China so it would be nice if you stopped with the fear tactics of "OMG we owe the communists" Take that back to the freeper land


/Stop your biatching America we created this mess

Those are the same jackasses that got us into this mess. Soros had less or no money at stake with Lehman Brothers. That is why some were picked to fail and some were picked to be bailed out.

Giltric: COMPLETE SYSTEMIC COLLAPSE!!!!!!1111


lol why are people still believing the Y2K hype.

Because some of us actually understand that this is what nearly happened.
How did you miss that fact? What? Were you previously occupied at the time?

SeismicJizzer: Also we owe more money to Japan than China so it would be nice if you stopped with the fear tactics of "OMG we owe the communists" Take that back to the freeper land

So we can't mention that we maxed out the MasterCard with Communist China because we've also maxed out the Amex with Japan. Is that your logic?

Nemo's Brother: Those are the same jackasses that got us into this mess. Soros had less or no money at stake with Lehman Brothers. That is why some were picked to fail and some were picked to be bailed out.

Picked by a conservative Secretary of the Treasury?
Have you lost your mind? Henry Paulson killed Lehman.

flannelled fool: So we can't mention that we maxed out the MasterCard with Communist China because we've also maxed out the Amex with Japan. Is that your logic?

where did I say that? The first tactic of freepers is to bring up China as if I am supposed to be afraid of them. What about Japan we owe a shiat load of money from them as well, but Lou Dobbs or FOX news never reports on that, hum I wonder why?

flannelled fool: SeismicJizzer: Also we owe more money to Japan than China so it would be nice if you stopped with the fear tactics of "OMG we owe the communists" Take that back to the freeper land

So we can't mention that we maxed out the MasterCard with Communist China because we've also maxed out the Amex with Japan. Is that your logic?

Quick question, how exactly does this cripple us? The Government owes China... what happens if we just don't pay (aside from war)?

No baiting or trolling here, I honestly don't know.

flannelled fool: SeismicJizzer: Also we owe more money to Japan than China so it would be nice if you stopped with the fear tactics of "OMG we owe the communists" Take that back to the freeper land

So we can't mention that we maxed out the MasterCard with Communist China because we've also maxed out the Amex with Japan. Is that your logic?

You do realize that we owe the overwhelming bulk of this money to ourselves, right?
And I would think you understand that had the last four administrations spent money on our infrastructure instead of cutting that out of our budgets we wouldn't be in the shape we are now.

Lord_Baull: WHY HASN'T OBAMA UNDONE IN 4 MONTHS WHAT TOOK BUSH 8 YEARS TO SCREW UP??!!

20 years of Fiscal Conservatism.

Ever since Reagan, the Republicans have been laying an unsustainable path.

JollyMagistrate: flannelled fool: SeismicJizzer: Also we owe more money to Japan than China so it would be nice if you stopped with the fear tactics of "OMG we owe the communists" Take that back to the freeper land

So we can't mention that we maxed out the MasterCard with Communist China because we've also maxed out the Amex with Japan. Is that your logic?

Quick question, how exactly does this cripple us? The Government owes China... what happens if we just don't pay (aside from war)?

No baiting or trolling here, I honestly don't know.

The obvious answer is that we can no longer buy goods from China and possibly anyone else that we don't have a positive balance in our international accounts.

The more serious problem is that it would signal a breakdown of the international credit system - and that could lead to some very serious issues.

SeismicJizzer: where did I say that? The first tactic of freepers is to bring up China as if I am supposed to be afraid of them. What about Japan we owe a shiat load of money from them as well, but Lou Dobbs or FOX news never reports on that, hum I wonder why?

Oh, okay, I see your point now. But I'd say that U.S./Japan economic relations are a little more even. Hell, they invest in this country, set up auto plants, employ (a guess) a couple hundred thousand Americans, and don't seem like the type that are going to call us up some Friday afternoon and demand gold out of Ft. Knox to cover our debts.

If it's a "Freeper" mindset to be more concerned about the amount of money owed to China while not being as concerned about Japan, then I'm guilty. So shoot me.

flannelled fool: SeismicJizzer: where did I say that? The first tactic of freepers is to bring up China as if I am supposed to be afraid of them. What about Japan we owe a shiat load of money from them as well, but Lou Dobbs or FOX news never reports on that, hum I wonder why?

Oh, okay, I see your point now. But I'd say that U.S./Japan economic relations are a little more even. Hell, they invest in this country, set up auto plants, employ (a guess) a couple hundred thousand Americans, and don't seem like the type that are going to call us up some Friday afternoon and demand gold out of Ft. Knox to cover our debts.

If it's a "Freeper" mindset to be more concerned about the amount of money owed to China while not being as concerned about Japan, then I'm guilty. So shoot me.

China doesn't invest in this country? Seriously?

Shoot you? Hell, how about if we educate you?

JollyMagistrate: The Government owes China... what happens if we just don't pay (aside from war)?

The faith that people have the world over in the American dollar would go to hell. It's kinda to our benefit that people like our money and stick it under a mattress for decades, secure in the knowledge it will always be worth something. Short answer, bad things.

Nemo's Brother: Soros had less or no money at stake with Lehman Brothers. That is why some were picked to fail and some were picked to be bailed out.



/obligatory