Falstaff

unpopular?

The real thrust of the matter isnt that it has anything to do with popularity, it has more to do with whether both parties will get the riders and the sweetners they need to pass the bill, and mark my words, it woundnt have passed until then.
What folks seem to be missing here, regardless of what country they come from or live in, is that it was going to pass eventually, but not without modification.
When our banks and our debts are fixed by our governments rather than a free market solution, we shall see this boomarang here in about ten years, when China and India are a great deal more powerful than they are now.
What the British and American governments have done is just stick their finger in the dyke, but it will get worse again, much worse in our lifetimes.
I can remember stories of why the money lenders were thrown out of the temple long ago. If they were left to their own devices, everyone and I mean everyone would owe the lenders and the government so much tax money that they would eventually rebel against it, or be consumed by it.
I imagine our country(s) will be consumed by debt if we continue to rely on our governments to bail us out of the stupid and misguided financial adventures we have all become a part of.
You want to do something with money?
INVEST...wisely
screw the bloody banks...

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Vikingod

Since when is cash valueless? Judas, do you even know how the how the bill works?

Judas

Cash is valueless when there isn't anything tangeable to back it up. If the currency revolves around the world of etrading and chegues, and there isn't anything real backing it, it's something that has a "value" stamped on it, and is meaningless, valueless.

I would guess that you refer to the "bill" in the same meaning as dollar bill..

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[hobo]eclipse

Get your copy today, after all your paying for it.
It’s currently available at the low low price of 700 Billion US Tax Dollars.

http://freespeech.vo.llnwd.net/o25/p...bankerbill.pdf

Vikingod

Thank you for answering my question.

Judas

clarity


this thread has none

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Falstaff

The bill is a great deal more complex than just simple reimbursment for debts or covering a margin, or even just buying bad paper on loans or debts.
American Thinker: Senate 'Bailout' Bill a Bizarre Blend Indeed
Real Time Economics : Treasury's Financial-Bailout Proposal to Congress
Wall St. crisis might mean less foreign aid: Biden | Politics | Reuters

its always best to stay informed, but I am rather dubious of most of the news though.

cheers

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Vikingod

BBC NEWS | Business | House backs $700bn bail-out plan

Be sure to thank your State's congress-folk, that is if you are an incompetent banker/stock broker or part of this administration.

[hobo]eclipse

Falstaff

It is difficult for the consumer to see, that regardless of who is in charge of America, Presidents and administrations get the blame for economic woes on both sides. But our free market system and poor bank regulation is the primary cause of these problems over the years. In spite of constant changes in the local markets, the world market will dictate the course America will take towards future, but not drive it.
Obama this and McCain and Bush this and that is all bullshit compared to the changes or lack of change in the economy or the world markets, rather it is the folks that invest, buy and hold the wealth or control the captains of industry that have a greater determination on economic success.
Does anyone honestly think that just voting someone new into power will make the slightest bit of difference right now?
America is deeply in debt and has been for several generations.
Regardless of who is in charge the coffers are constantly drained in spite of the Clinton bullshit I have heard and read, its all spun very carefully by the press.
Equally the growth of the Reagan years has been heralded by conservatives as the first real steps towards balancing a budget, but nothing could be further from the truth.
America's economy is becoming or has become a great deal more elastic and robust over the last one hundred years based on a great deal more than who is president of the United States, etc.
If any presidential hopeful or electee wants to make history, it would be to get resources to the programs to internally reform the infrastructure of cities, get education back as a top priority and put food in the mouths of needy, and refocus efforts towards restoring America back both financially and politically to a place where we sustain our growth and absorb dramatic changes to our economy.

There have been lots of good ideas:

Introduction - U.S. ELECTIONS | Guide to the 2008 Election - America.gov

http://www.america.gov/publications/...lusa/0608.html

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