Rampant socialism!!!!!!!!!!

[240 is Back]

 

[IFBBwannaB]

Great thread, will read again.

[Kazan]

If you can show me in the constitution where it says the US Government is supposed to socialize any part of the private sector I will conceed the point

[tonymctones]

If you can show me in the constitution where it says the US Government is supposed to socialize any part of the private sector I will conceed the point

bump for an answer...

[240 is Back]

"life, liberty, and the pursuit of happiness..."

Well, sometimes ya gotta ensure the financial system doesn't collapse.  I know there are lots of sudden laisez faire people once barry took over... but seriously, we let CITI, AIG, and everyone else fails, and what happens to our retirement savings and portfolios?  Sombody answer that.  What happens to the life savings of most Americans if the banks go belly up?

[Kazan]

"life, liberty, and the pursuit of happiness..."

Well, sometimes ya gotta ensure the financial system doesn't collapse.  I know there are lots of sudden laisez faire people once barry took over... but seriously, we let CITI, AIG, and everyone else fails, and what happens to our retirement savings and portfolios?  Sombody answer that.  What happens to the life savings of most Americans if the banks go belly up?

The fucking government set the conditions for the banks to fail, there were safe guards put in after the great depression to prevent that type of shit from happening again. Guess what the assholes in washington removed them, can't be unfair to someone who can't get a loan becausee they can't pay it back

So now you expect me to trust the same bunch of assclown that set the conditions for this to fix it? I wouldn't trust the US government to clean my toilet in a timely cost efficient manner

[BM OUT]

"life, liberty, and the pursuit of happiness..."

Well, sometimes ya gotta ensure the financial system doesn't collapse.  I know there are lots of sudden laisez faire people once barry took over... but seriously, we let CITI, AIG, and everyone else fails, and what happens to our retirement savings and portfolios?  Sombody answer that.  What happens to the life savings of most Americans if the banks go belly up?

How is taking over GM and then making sure the union makes out great while the shareholders get screwed helping anyone but unions?This is socialism.

[Bindare_Dundat]

The fucking government set the conditions for the banks to fail, there were safe guards put in after the great depression to prevent that type of shit from happening again. Guess what the assholes in washington removed them, can't be unfair to someone who can't get a loan becausee they can't pay it back

So now you expect me to trust the same bunch of assclown that set the conditions for this to fix it? I wouldn't trust the US government to clean my toilet in a timely cost efficient manner

Lights out.

[GigantorX]

The fucking government set the conditions for the banks to fail, there were safe guards put in after the great depression to prevent that type of shit from happening again. Guess what the assholes in washington removed them, can't be unfair to someone who can't get a loan becausee they can't pay it back

So now you expect me to trust the same bunch of assclown that set the conditions for this to fix it? I wouldn't trust the US government to clean my toilet in a timely cost efficient manner

Obama is king.....errr, President now so stop worrying because everything is great and will only get better.

Checks in the mail.

[gcb]

Obama is king.....errr, President now so stop worrying because everything is great and will only get better.

Checks in the mail.

Actually that type of thinking will work if everyone gets on the bandwagon

[The ChemistV2]

The fucking government set the conditions for the banks to fail, there were safe guards put in after the great depression to prevent that type of shit from happening again. Guess what the assholes in washington removed them, can't be unfair to someone who can't get a loan becausee they can't pay it back

So now you expect me to trust the same bunch of assclown that set the conditions for this to fix it? I wouldn't trust the US government to clean my toilet in a timely cost efficient manner

Exactly..no one wants to hear how it was leftist policies under Clinton that forced mortgage companies and banks to give loans to deadbeats with terrible credit and no income..to buy homes they could never afford..that started the whole subprime crisis. Played a big part in this whole mess.

[MM2K]

The government doesnt need to own a large amount of the economy to make it socialism. That would be communism.

[240 is Back]

10 companies paid back 1/3 of the bailout $ back today.

The govt made $1.8 billion in interest on the deal.  interesting...

[IFBBwannaB]

10 companies paid back 1/3 of the bailout $ back today.

The govt made $1.8 billion in interest on the deal.  interesting...

So now the government is in the business of making money from investments? 

[240 is Back]

So now the government is in the business of making money from investments? 

maybe you're not familiar with loans in american history.

when the govt lends $ to a firm to keep it afloat, they pay it back, and they do charge interest.  because it costs them $ to lend it, thanks to inflation.  The $2 billion they give to firm A is only worth 1.92 billion the following year.

Remember when Chrysler paid back the govt loan EARLY, including interest?  Iacocca back in the day.  It's how they do things.  if you don't like paying interest, don't come to the govt with your hand out and agree to the terms of their loan.

[IFBBwannaB]

maybe you're not familiar with loans in american history.

when the govt lends $ to a firm to keep it afloat, they pay it back, and they do charge interest.  because it costs them $ to lend it, thanks to inflation.  The $2 billion they give to firm A is only worth 1.92 billion the following year.

Remember when Chrysler paid back the govt loan EARLY, including interest?  Iacocca back in the day.  It's how they do things.  if you don't like paying interest, don't come to the govt with your hand out and agree to the terms of their loan.

Are you completely retarded? You're trying to explain this to me? Do you want me to remind you how bad is your analytical capabilities?

I was implying that the government shouldn't been there in the first place, not that it shouldn't charge interest.

Although, I'm not against all the bailouts, I'm mostly against the whorehouse fashion they have like the AIG bonuses and etc.

[IFBBwannaB]

BTW your chart sucks and means shit.

Why don't you look at the amount of money printed/given away (roughly 2 Trill) compared to the who GDP (14 Tril)....

[Kazan]

10 companies paid back 1/3 of the bailout $ back today.

The govt made $1.8 billion in interest on the deal.  interesting...

Well since the money the government loaned was the tax payers money when can I expect my check?
I won't hold my breath

[a_joker10]

10 companies paid back 1/3 of the bailout $ back today.

The govt made $1.8 billion in interest on the deal.  interesting...

The government still has the right to convert their initial bailout to stock in the company.
http://www.nytimes.com/2009/04/20/business/20bailout.html?_r=1
Interesting..