Bailouts will push US into depression

Let it fail!

Its not till you have lost everything that you are free to do anything.

Ride on!

It was only a matter of time. This is going to hurt.

How about this theory: The Government will be insolvent right about October 2008.

Have fun everyone! I hope you know how to grow vegetables. Sh*t is gettin hairy. It's comforting to know that our gov't can't pay their bills either. Way to lead by example.

Finally, the D word. No Shit.

What if we were to simply enact a Public Law which
would absolve the USA of the entire $64 Trillion + Public
Debt? Are you going to tell me that we would have riots
in the streets, Martial Law to prevent looting, and THEN
Great Depression? I think there's a positive solution to this problem which may be a cloud with a silver lining.
Ever since its inception under the 1st Secretary of the
Treasury,Alexander Hamilton there's been a policy that
we maintain the National Debt. It took almost 200 years
to accrue $4 Trillion by 1980 when Jimmy Carter was in the White House. But ever since the Hellbound Train of
Reagan/Bush, then Bush/Who?, and finaly Bush/Cheny
amped that up to $64 Trillion...Which resulted in $2.3
Trillion "misplaced"(Robbed) in one year, it's obvious
we have a cabal of Embezzlers,Saboteurs,and Robbery
R US which has secretly hijacked the lawful Government.
So why doesn't the next U.S. Congress & the Obama
Administration simply do a Chapter 7 clean break from
the crushing debt which has been sending $700 Billion
out of this Country each yerar to cause the present Recession. If it takes a U.N.Resolution to back that up
I'm sure that China,Saudi Arabia and all the nations of
the World Community of Nations that owns a major part of that debt would agree the USA is still a darned good
and stable place to do business.That it's citizens aren't
slackers who shirk honest work. And for all that and
many more as yet unspecified good reasons we're
still a good risk. Our credit may be in the toilet for it.
But if we met whatever conditions were deemed necessary to accomplish such a bold move...We in the
USA could go forward finaly to rebuild the value of our dollar. We can't afford War or the collossal military
juggernaut needed to launch a War. When Clinton &
Gore's Administration gave us $5 Trillion as the Peace
dividend,what did the others do with it? Pay off the Debt?
No,they squandered it. If the People knew where their
tax dollars were going well before they were routed,
you'd realy see the fur fly. The collosal part of the
military budget that claims such a huge portion of the tax
dollar is mind boggling. It's like taking your money and
simply flushing it down the toilet. But if there were
spending geared only to earning,they'd have to clean up
their act,then everyone would have to bite the bullet.
It's like weaning a human from an adiction.It's only
painful until the acclimation is made to adjust.At least
everyone who wanted to work would have a job.Call
my idea anything you want,but crime would plummet.
And then you all would be safer in your homes/streets

Im afraid it is really going to get rough. But, there is hope. We cant keep denying the problem while people keep doing what they are doing with no accountability. Dont get me wrong, its not wrong to be rich, or to dream of being rich. Its the American dream! But, the American dream was not initially a dream of instant riches. It was a dream of HARD WORK to EARN a better life.

Everything went wrong when people started manipulating numbers to get more money. The limits were removed, the sky was the limit. They stopped trying to EARN a better life. They started taking short cuts. They werent held accountable, which led to others wanting instant riches into thinking accountability would never occur. Unfortunately, accountability has to happen. Living large by fleecing others hurts us all.

We have just lost sight of “enough is enough”. No house is large enough. Nothing is enough. People need to stop shopping and put our houses back in order. Congress must work to help Americans who have been hurt by questionable practices. The bankruptcy law is written to help the same companies which led us down this slippery slope. They were rewarded for what? Living large? We will just move along and pay for their mistakes with our tax dollars? Someone is responsible. Who will be held accountable?

If McCain is elected we will.

And what do you call a depression greater than the great depression? GD2

If we look back 100 years to the 1907 Panic, when the gov. helped out a bunch of US banks after speculation and bad management led to crisis in the Stock Market (Roosevelt helped banks to the tune of $150 million in Treasury bonds and certificates), the takeover of Freddie and Fannie looks a lot like another progression of those same historical trends.

You mean there's NO money left even in the United States official secret national mattress stash??

this analyst is a moron. the world can't allow the u.s. to go under because gee guess what.. the rest of the world will go with us. this guy needs to be fired for being full of hot air.

it's all over for the system.
way to go bush, you old anarchist you.

Just think where we would be if we hadn't of gotten the Rebate checks from China

This is NOT the first analyst to state this. The problem is not as simple as printing bonds, the problem is (among many things) that brick and mortar industries (Motor companies, steel, manufacturing, etc) are dying or plain and simply moving away or disappearing because of competition in China. That compound with low wages/low savings at home and lack of an educated force that could be absorve in tech service industries and huge private debt is making more countries to RETHINK their investments in US Dollars. Many countries since 2003 had started to move their liquid assets to Eurobonds, Gold and oil. China has stated many times that the US is maintaining a wreckless spending habit, and they have said many times, that they will move their Bonds from US Dollars to something else if the spending machine does not stop. They Hold the largest amount of US treasury Bonds but also the largest amounts of liquid reserves and Gold in the planet. Also the US never in their wildest dreams expected the world to catch up in new markets. IN the 1950's the biggest market in the world was the US, now you have Europe, Asia, Latin America and India growing very fast, IMO China would have no problem in taking a bump and reorganize and reorient their exports.

The Govt is in deep dudu because they will rescue these banks with promissory notes, that no one may be willing to buy, given the conditions I just mentioned, also the republican recipes for economic growth are not very popular around the world. Now IMO there are two solutions that historically have worked, a government that comes in and appease the markets with hope (and note that either winner will inevitably raise taxes wayy up, my view is that with McDonkey they will go up across the board at least 25% more than with Obama that represents HOPE) or War, and if we go the latter, you really need to wave this planet goodbye.

IMO Don't listen to the Doofooses from CNBC (Kudlow and Company and the others) They had been wrong. McDoofos DOES not represent any change, he will be the next step to disaster, Alan Greenspan said yesterday "the recipe of lowering taxes with more debt is a total diasaster" This demagogical theory is what McCain is advocating.

Sorry to say but the US never got out of these situations without the Govt printing debt even more since the 1970's and then they sold you this idea the hard work was helping the economy, not true. They were releasing money to credit markets, so companies would borrow and then hire you and then you work hard. But this is 2008 and Levis has not made one pair of jeans in California since 1989, Ford assemble cars that are made in Canada, Mexico and even parts in Venezuela. China and Taiwan makes the computers you write on. Sorry to say but is not pretty, but if McCain wins all bets are off.

Glutney by the so-called wealthy must stop. People who have the most can borrow the most? They have borrowed past their means while living large. Oh, its been fun, living beyond the American dream, while taking away the dreams of you and me.

Executives sucking off all the profit in salaries and wasteful spending. Golden parachutes in the millions? It has been an Assault on Reason. We watched it happen. And now they expect us to suffer for their negligence? Hold them accountable and let us watch them suffer. We should not suffer alone. Those who caused our pain should be held accountable. Lack of accountability and shame has led others to do the same.

Executives walking away with million dollar plus golden parachutes when they leave a company? That’s just crazy. Giving away companies profits to political campaigns while telling workers they could not afford health care and raises. Its been an Assault on Reason.

Yep those rebate checks were the last straw. Time to crank up the old printing press, I need to buy a gallon of gas.

this was inevitable once we went off the gold standard, and started printing money out of thin air

Feedback Model of Intelligent Choice

by Bill Ross

A general consensus is rapidly forming among the intelligent and morally aware that our civilization is on an accelerating path to destruction, mainly because criminals appear to be in control and the law has taken the wrong side. The basic fact is that we allow them to act in our name, because we fear the personal cost of defiance. This means we are all complicit in their crimes, to the extent of our non-defiance. We are criminals per the Nuremberg Principles, Nazis, for allowing and being complicit in crimes against peace and humanity. What has really happened is the statistics of humanity (5% leaders, 90% followers, 5% criminals) has been taken advantage of and an inversion has taken place where leaders (those we would willingly follow) have been displaced by criminals (rulers, those we fear to cross). This is a naturally correcting process, since criminals in a leadership position will (and have throughout history) impoverish us until the personal cost of complicity exceeds the cost of defiance. At this point, the majority will discover common survival interest and “starve the leech” by engaging in conflict and denial of resources which destroys the ability of the criminals to function or make a profit. Needless to say, this will cost civilization, as it has so many times throughout history.

http://www.nazisociopaths.org/modules/article/view.article.php/c1/33

I thought conservatives were against welfare

What about if we find that 2.3 trillion dollars that came up missing in the Pentagon's records? I'll check under Cheney's bed...

I don't see any great threat.

It's probably easy for some of you to say 'hooray, the economy is going to fail, serves America right', because you aren't supporting a family or some other form of dedication that requires to think about more than yourself. Oh, besides the self-righteous Obama movement. Maybe his 'change' will save the economy. But most of his ideas are on-the-spot rhetoric.