How do you REALLY feel about the bailouts? I'd like to know.

Billions and billions being spent. I have heard people argue both sides of the coin -- it's too much money without enough control, or yes, we need this spending now to get back on track. Take a look at the video at the link below, and sound off-- Do you think we are we on the right track? http://geeks.pirillo.com/video/someone-took-the-money

Tags: auto bailout, billions to the banks, wall street bailout

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Replies to This Discussion

Permalink Reply by Anubis on March 13, 2009 at 11:13pm: The markets need to shed the failing business having the government prop them up doesn't help. I agree w/ you 100%.

-Anubis; ▶ Reply to This

Permalink Reply by Anubis on March 13, 2009 at 11:12pm: I think Obama is doing the WRONG THING. Debt is what got us into this problem in the first place, and putting the national government in such deep debt. As for the last stimulus bill -the 1 trillion one- it rly wasn't a stimulus bill...Obama said there were no Ear Marks in the bill...There were of 8,850. So there is very little stimulus happening there. And every time Obama or any one in the government opens there mouth and say they are going to bail some thing out, or they are going to help some thing, the markets drop further. Personally they need to stop spending.

-Anubis; ▶ Reply to This

Permalink Reply by Sherry Andreason on March 24, 2009 at 7:50pm: The way I understand it is, that if we had not bailed out AIG, every bank in America would have folded. Helping the companies out, so they can stay in bussiness and keep Americans working doesn't bother me as much as the companies that are taking advantage of the bailout money. I am not just talking about the bonuses, but the meetings in Vegas and other nonsense.

The thing that really blows my mind is that Americans are pissed but it seems for the wrong reasons. Has anyone considered that these companies giving the big bonuses to corporate flunkies are cutting at the bottom yet keeping their huge bonuses and raising the costs of everything Americans purchase from them?

The American car companies want the assembly workers to take cuts... while upper management gets bonuses? While car prices continue to climb?

CitiBank and others have let their workers go and kept the people that ran the company into the ground and are hiking interest rates on the people using their credit cards, reducing perks etc.

It galls me that these companies can hand out such extravagant bonuses, working vacations and the like, while screwing Americans and the only thing anyone is upset about is the bailout money.; ▶ Reply to This

Permalink Reply by Jeff Ronay on March 24, 2009 at 8:25pm: I watched the president's press conference this evening, and the stock market's reaction to Tim Geitner's plan, and I can tell you a couple of things... In my opinion, It has bee a LONG time since I have seen an American President on TV who actually know the details of what he is talking about. I am impressed with what the president has done in the first 60 or so days, and I feel better just knowing he is on the job. Bottom line, he is well educated, has surrounded himself with competent people, and appears to be aware and involved with all of the initiatives that are underway to get us out of this mess. And I liked his answer to some of the republican criticism --if they have a better plan, he would like to see it. Me too. He has a focus on fixing the things that underpin a good economy -- jobs, education, healthcare, and a green energy policy. So if we have to spend money now that we don't have, I would rather see it go for those components, than do nothing at all. Most of the companies, I believe, will have to sink or swim on their own in the long run, and that means making competitive products at a competitive prices. No government spending can be a substitute for that, and the president knows it. So, while I was skeptical at first, I am hopeful now. Wall street and the market seems be reacting in that same way. So, we'll see!; ▶ Reply to This

Permalink Reply by Sherry Andreason on March 25, 2009 at 10:14am: At least I am not alone in believing the administration is going in the right direction :-); ▶ Reply to This

Permalink Reply by Hobo on March 24, 2009 at 7:46pm: Nuclear civil war under way.; ▶ Reply to This

Permalink Reply by Shawn J. Houtsinger on March 24, 2009 at 8:32pm: Worst.Idea.Ever.

www.techgeeknews.net; ▶ Reply to This

Permalink Reply by Andrew on March 25, 2009 at 11:39am: Well, I've got to agree with the most prolific prophet in American History, my dear friend Thomas Jefferson.

The banks started this mess, too much trust in institutions who control everything.

"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered."; ▶ Reply to This

Permalink Reply by Jeff on March 25, 2009 at 10:00pm: I can't answer honestly here, because profanity is prohibited under the "Codes of Conduct".

But the bailouts are a load of bologna and they're unconstitutional.; ▶ Reply to This

Permalink Reply by Persian Paladin on March 25, 2009 at 11:16pm: The bail-outs are simply the transferral of US taxpayers' money to the private bankers that gambled with the entire wealth of the nation, afflicted the stability and value of fixed assets through speculative derivatives, and hoarded it into the pockets of super-rich elites (at the expense of the very financial stability of their own banking companies). Not only have these bankers created tremendous volatility and losses from bad derivatives; but they also for many decades looted the american people through fractional reserve banking with the people being forced to pay interest on a government loan from the private Federal Reserve cartel. The interest does not go back into the US Treasury; but into the pockets of private bankers. The policies that the US Treasury commiteee formulate in spending are also highly influenced by agents of Wall-Street and corporate lobbyists in the Obama administration - such as Larry Summers et al.

Its not only fraudulent bankers making money out of US taxpayers', but also fraudulent credit-creation from loans out of thin air with no real reserve in the banks' deposits. The derivatives speculation created the 'boom' and 'bust' cycles in the economy and only certain insiders won out; and when their gambling became excessive and self-destructive they told the American public to bail them out. Now where has this bail-out money gone? Overseas. Dennis Kucinich explains: -

For further information on the problem as well as the SOLUTION to fix the economy; see this link: -

http://geeks.pirillo.com/forum/topics/what-are-you-going-to-do-to; ▶ Reply to This

Permalink Reply by Anubis on March 26, 2009 at 5:49am: Debt is what got us into this meas and over spending...so how does the government doing the same thing halp any thing?

-Anubis; ▶ Reply to This