General

[John Satclaire]

Originally Posted by R.J.

What would happen if we decided not to do the bailout and let the markets find a balance on their own?

One can only hope that we'll find out.

[Harbinger[TG]]

Originally Posted by R.J.

What would happen if we decided not to do the bailout and let the markets find a balance on their own?

Originally Posted by Christian Nelson

Economic depression for around 10 years.

Even with the bailout, it's looking like that.

That is my rough estimate as well.

[R.J.]

Originally Posted by Harbinger[TG]

That is my rough estimate as well.

Then would this not be a better way to go and not water the dollar down any more than we have already.
Brought this concept up at local dinner this am sorta shocked people.
One man stated that there would be a world of sucides.
Might help the gene pool.
RJ

[Harbinger[TG]]

Originally Posted by R.J.

Then would this not be a better way to go and not water the dollar down any more than we have already.
Brought this concept up at local dinner this am sorta shocked people.
One man stated that there would be a world of sucides.
Might help the gene pool.
RJ

The gene pool will always need cleaning. This may not be the best plan for the market, but at least everyone is aware something has to be done. Hopefully they will be able to come up with some better ideas over the weekend.

There is no doubt in my mind some sort of rescue will be approved in the next week or so. The only thing is the specifics. Hopefully king dollar prevails sooner rather than later.

[Rayodder]

700 billion means the difference between a recession and a depression, it is there to buy back consumer confidence.

The mortgage crisis has been going on for a couple of years now, the people that caused it like the borrowers and the institutions that wrote these mortgage are gone, so this money isn't there to reward the people that caused all this problems.

Sub prime mortgages are nothing new, we all have seen it as "special introductory rate for first time buyers" normally it works, because it averages out during the amortization period of the loan, one thing to keep in mind is that while the sub prime loaned made a lot of people money, but it has sure fed lot more families. You and I are really not that much different than majority of the people that over extended themselves with the sub prime loans, they were just trying to take care of their families, want to give their kids a better life.

It is easy for us to sit back and say "tough they got themselves into it, let them get themselves out" but if you stop for a minute and think of the worse case scenario.... as more banks fail, people panics and starts a run on the banks, that means bank will have to start selling it's investments and loans, guess what? just like the Autococker market, when there are lots of them on the market and they are desperate for money they all quickly become worthless, but when you are talking about something in this magnitude there only two choices for them to pick, one is the government and the other will be foreign investors, which one is more appetizing to you?

[Azzy]

Now what about offsetting the corporate depression (which puts millions out of work) and slash the corporate tax rates? Hell, make them 0% for a year, and then bring them to a flat rate of 11%. better than anything now, and the money that gets brought in will make up for the shortfall... It should help with a ton of jobs.

While you are at it, if you are able bodied.. and are on welfare of any sort... guess what, we put your name on a possible employee list. Dont pull your weight, and guess what? no more money for you.

[thkyle]

Originally Posted by Azzy

Now what about offsetting the corporate depression (which puts millions out of work) and slash the corporate tax rates? Hell, make them 0% for a year, and then bring them to a flat rate of 11%. better than anything now, and the money that gets brought in will make up for the shortfall... It should help with a ton of jobs.

While you are at it, if you are able bodied.. and are on welfare of any sort... guess what, we put your name on a possible employee list. Dont pull your weight, and guess what? no more money for you.

That right there is a better plan and only takes up one page!

Right on, there are a lot of old bridges here in PA that were built by the DPW during the first depression that could use a little face lift...........anyone want to learn a trade and get off welfare and food stamps?

[desertT1]

Originally Posted by thkyle

...........anyone want to learn a trade and get off welfare and food stamps?

I'm sure there are some, but probably more would answer that question with a "No, why would I want to do that?"

[Azzy]

Because Joe public over here is going to whoop your lazy *** for mooching off his hard work, thats why.

[Harbinger[TG]]

I want to get on welfare. I would claim all my guns as children and make mad loot.