Quote Originally Posted by Tokerx
Opinions may vary, but facts remain the same. Nationalizing the banking industry and making the US government the worlds largest bank is not socialist? Interesting! So if we help the poor a little with their medical insurance we have completely changed our system to a socialist nightmare, but a government take over of US industrys and banking is not socialist? I guess what is needed is a definition of socialism. You're kinda right I guess, its not really socialism, its something completely different, but just as disgusting as it only serves to make the problem worse and then of course, more government intervention and government ownership of industry. Thats socialism of sorts. Or is it fascism? Its kinda blurry atm because hey, we don't know what the ^%*& they are doing do we? No bank is going to loan another bank a dime unless the US backs it now. In effect it will have its hand in almost every aspect of banking. That leaves open room for all sorts of underhanded politicaly motivated BS from lenders and who ever is in charge of the government. Knowing that we have a VP choice that is said to have abused her power to punish on a personal level gots to make ya wonder at what could become of banks that are liberal, or conservetive, when the other has the power. If bank a will not loan bank b money because it is scared of bank b failing, then bank a loans money to the government who in turn then loans it to bank b. If bank b fails after said dealings, then who owns bank b? The US government and the newly created banking agency thats attached to the federal reserve??? Naw, they would never do that, right?
I am impressed that you realize the difference between facisism and socialism. Keep going, you will find your truth soon enough:thumbsup:

Yes, they are. Throwing money onto the bonfire will put out the flames? In the end it will just be fuel for the fire. You have to know that just printing a bunch of money will not help do anything but deflate the dollar. Trillion dollar packages or not, we are hosed. We can not buy our way outa this, so why keep making it worse? We could learn from mother nature. The weak are disposed of and replaced, they are not propped up artificially.
Interest rates were lowered in an artificial fashion 6 years ago, yet i doubt you even noticed or had an opinion at the time. You are highly mistaken if you believe this is throwing money into "a fire". If government is able to manipulate interest rates, and their so called regulation could not see this coming (with 12,000 + employees), it is in fact their mess to clean up. They have the tools, as their pockets are unlimited so to speak. It will improve eventually!

No it is not. It is easy to see wealth distribution in governments buying houses and settling loans for people. That one lump of people with bad loans gets a bonus, a huge hand out while others get nothing, or they get higher taxes.
Its more of a facist measurement, as opposed to a socialist measurement. The treasury is not buying houses, i have no idea where you got that idea from... Higher taxes or lower spending are the natural reaction to high deficits.

Its all tied together anyway. Really its still pretty bad though, and looks like it will get worse even if other economys are worse then ours.
Its called the bust of a business cycle.

The best way to get control of people, to get them to give up their rights, or to accept things they normally wouldn't from government, is to create conditions that force people to accept those things. Some things are not created so much as siezed upon and used as it comes up. We had to have it right then and there, it was an emergency, and yet we have no clue as to what was even passed. We were warned it would be way worse not to let the government take control. They knew long before this that it was a problem, and did nothing. All of a sudden its this huge emergency that need to be delt with over night. 800 billion spent in such a willy nilly manner is just as disgusting as the greed that created the need for it in the first place.
:what: The bailout is not all at once, which brings me to question your knowledge of the current situation. Its not even set that they will need $700 billion, its just a psychological factor if the markets call for it.

So why artificially prop it up some more? Are we not just blowing another huge bubble with this "bail out"? Government control of healthcare is just as bad as government control of banking. Check this out, you can't die from losing stocks.
The choice is, free up credit or world markets crumble. In a time like this, where we have many more people chasing even fewer available resources, the consequences could be much more grave as opposed to the great depression. You have failed to analyze this, and therefore your opinion has very little substance...

Good for you. You fail here though, and thats the kind of thinking and isolationism that led to the rise of hitler and.................LOL!
It is false indoctrination such as this that sets many people up to not only become government dependent, but to underachieve...

Oh yeah, we must have government intervention. Why? Because they told us we need it? Give them all the power they ask for my friend, because the cost is to high and they can fix this mess they created. Wait a sec, you want a reality market, right? So why give the people that screwed it up the power to screw it up even more?
Again, you have little knowledge of the current situation, and fail to recognize your history... A RTC (Resolution Trust Corporation) was enacted in the late 1980's and early 1990's following the Savings and Loans Crisis. I recommend you study the situation a little more before running your mouth.

Nor do I. Can you tell me how this "package" is going to stop that?
The freezing of credit will undoubtedly halt a rather large percentage of production. Halting production will force companies to downsize, therefore creating massive unemployment. I do not have to explain to you what happens during periods of massive unemployment, or do i?

All or nothing, right? Lets think about these people you don't want to see, and what thier life will be like when they are sick and in a soup line. How many will jump when they can't afford to have their child seen and the child dies for lack of insurance or money to pay with? Helping a few poor people get insurance is not " Universal Health Care". Try to live in reality. Extremes are not reality, and only serve to create fog. Not in my mind, but in your own mind. You sorta propagate yourself with that kinda stuff.
Currently, if you have children and do not make enough money, you are eligible for medicaid here in the US. Since you are not in the US, i have little doubt you were unaware of this. Your ignorance is has become apparent...

There is something familiar to your response style. Why not use the quotation tools? :wtf:
GoldenBoy812 Reviewed by GoldenBoy812 on . national debt guessing game how much has the national debt changed over the past year? how about just the past three weeks? no peeking: make a wild guess off the top of your head **HINT** it went up Rating: 5