The Bailout
I.O.U.S.A - One Nation. Under Debt. In Stress.
Submitted by pnelson on 2009, April 5 - 06:47.You should see this...
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The Democrat talking points that show us how sick they really are...
Submitted by pnelson on 2009, February 8 - 21:29.We Won!
We're starting to hear, "But we won!" This means don't tell us we can't get our way. You lost, we won so we get to do what we want. You know the media is dead when this has now been around for a week or so and it's still being repeated. Let's just get the facts straight. You did not win all the seats in the Congress or Senate. And, just if you've forgotten, winning as president does not mean you can ignore the rest of the duly elected Republicans. Winning means that you must serve all of the country, even the 45% that voted for the other guy. Are we back in kindergarten or what? No, you have to play fair and follow the rules.
What is so sad is that all the Democrats seem to think about after gaining the power they were so desperate to get, is funding their pet projects and taking care of their friends with billions of our tax dollars. Their greedy, power crazed, spending hearts see this crisis as an opportunity to spend more than they ever thought they could hope to. That's why they are all in a rush. They know that as more light is shed on this spending bill, the American people will see it for what it is and them for who they are.
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Stimulus news
Submitted by pnelson on 2009, February 7 - 11:36.Read as much as you can stomach on the stimulus/spending plan. Stimulus News Feeds
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Ten ways to stimulate the economy
Submitted by pnelson on 2009, January 26 - 18:02.Ten simple ways to stimulate the economy that will help everyone:
- Have your car detailed. $100
Your car needs it and 100% of the money goes to pay for the salary of a person who needs the money. Do us a favor though, at least make sure the detailer is working here in the US legally. - Go out to dinner at a local restaurant. $40
Most of your money goes for labor and some may even help out a local farmer. You're going to eat food anyway so take your significant other with you and do something that will help everyone. - Have something in your house fixed. $100
For about $25-$50 an hour, you can pay someone to fix some of the things on your list of things to fix. For just $100 you get a shorter list and everyone's a winner as most of the money here goes for labor and to a sector where employment is now hard to find. You might even get a great deal. - Buy a pair of Danner boots. $120
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One giant pork barrel...
Submitted by pnelson on 2009, January 16 - 17:40.
Today President elect Obama got the other half of the $700 billion. I guess the first half went poof pretty fast. One thing about how this money may be spent is that at least we might see some of it. I've been hearing about a long list of bailout ideas and it seems like everyone has their hands out. Funny that when I look at who's going to get the money, the list looks like a lot of Obama's biggest supporters. Yup, you guessed it right. Obama is about to go from being a top porker in the Senate to doling it out from the Oval Office.
I'm not the only one noticing this. The question is who will stand up and say something?
I'm at an age where I'm trying to plan for grandchildren and would like to make investments on their behalf that they can enjoy later. Looking down the road and making responsible choices today is a good thing. I'm of a double mind about this though. Some investments will pay off for future generations. Some will leave only the burden of repayment as a legacy. How to discriminate between the two will be key.
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Who stole your money?
Submitted by pnelson on 2008, October 10 - 16:35.This is a conspiracy theory. THEY are taking your money. Your kids and grand kids will pay the bill but don't be fooled, THEY have your money.
Let's see if we understand this. Some large banks stop inter-bank lending causing a credit crisis. At the same time Paulson, tells Bush he needs $700,000,000,000 (yes, that is a lot of zeros) to fix the credit crisis or the economy will tank.
A few small banks start failing, only to be bought up right away by the very same larger banks who had stopped inter-bank lending.
So in the end, a few large banks, who (as it turned out...) had plenty of cash on hand, got some great deals on buying smaller banks and their risky loan portfolios. Making it an even better deal, the government (read you and me) will buy back the risky loans making the portfolios worth much more.
So, the only ones who lose are those smaller institutions who were not in on the deal and the taxpayer.
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Saturday Night Live on the bailout
Submitted by pnelson on 2008, October 5 - 11:36.- Add new comment
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Bailout articles
Submitted by pnelson on 2008, October 5 - 11:35.I think we just got robbed. If not me then for sure my kids who will be the ones to pay this bill. Well over a trillion so far and who knows how much more, we just got fleeced. Follow and comment on the news. We'll start with Saturday Night Live. They get it and explain it in terms everyone can understand.
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