House backs bail-out
- Thread starter Stray_cat
- Start date
I was just reading this one.
http://news.yahoo.com/s/ap/20081003/ap_on_go_co/meltdown_tax_breaks
the heck?....
http://news.yahoo.com/s/ap/20081003/ap_on_go_co/meltdown_tax_breaks
the heck?....
Wonder if I can get my boss to install a shower?
What in the name of sweet fvck is any of that crap going to do for any of us?!?!
I'm not even into Nascar OR archery, WTF!!
Damn, the **** vultures be swooping now...
I'm not even into Nascar OR archery, WTF!!
Damn, the **** vultures be swooping now...
at least there's this
It is meant to get more congressmen on the bill, since it failed
Gee thanks, I never would have figured that out for myself..
But what will it actually DO For any of us shmucks, besides raise our taxes?
Well, it may free up credit so it is easier to get a house or car loan. Your taxes probably won't go up, it will just be tossed in the pile with all the other debt.
We're going to soon get taxed by inflation if I'm not too far off the mark... and this fvcking travesty of a piece of legislation is NOT going to help.
Well, the dollar has been doing better against the Euro, but since it is all long term, who knows. This will either save us from a hard recession, shorten the hard recession, or have no effect on the recession. A lot of economists that aren't Austrian school came out in favor of some kind of intervention. I would have rather seen a government takeover similar to Sweden in 1992, though.We're going to soon get taxed by inflation if I'm not too far off the mark... and this fvcking travesty of a piece of legislation is NOT going to help.
I would rather see everything go in the toilet for awhile. This looney financial $hit needs to get flushed out.
irate2:
Bailout's cost to you "by the numbers":
- Bailout Bill $700 billion
- Additional Pork $150 billion
- Dow (-484) in 3 hours $600 billion
Total carnage to you, The Taxpayer $1.45 trillion
You know what to do in November, right?
This Congress needs to be totally scrapped and replaced asap..
http://market-ticker.denninger.net/archives/2008/09.html
http://market-ticker.denninger.net/archives/2008/09.html
The bill The Senate intends to try to ramrod down your throat is neither about Main Street or really even about Wall Street.
You are going to get VERY angry. Sit down before you read further.
""Hundreds of billions of dollars are going to bail out FOREIGN INVESTORS. They know it, they demanded it, and the bill has been carefully written to make sure that can happen." - Brad Sherman , D-California"
That's right folks. You are going to have $700 billion - about 25% of the total federal budget - put on your personal credit card (via taxes forever) in order to bail out foreign investors.
Oh, and the best part of it is that the underlying assets involved do not even have to be in the United States!
You are going to get VERY angry. Sit down before you read further.
""Hundreds of billions of dollars are going to bail out FOREIGN INVESTORS. They know it, they demanded it, and the bill has been carefully written to make sure that can happen." - Brad Sherman , D-California"
That's right folks. You are going to have $700 billion - about 25% of the total federal budget - put on your personal credit card (via taxes forever) in order to bail out foreign investors.
Oh, and the best part of it is that the underlying assets involved do not even have to be in the United States!
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• If Sarah Palin bought 700 billion Popsicles and divided them equally among her kids, they would still have the weirdest names in Alaska.
• If you had rented Bonfire Of The Vanities from the Clam Bay Blockbuster on March 18, 1991 for 700 billion days, you still wouldn’t have finished watching it. Because it’s crap.
• If you were the last car in a line of 700 billion identical Porsche Boxsters, and a guy came in behind you in a Plymouth Neon, he would still pull out to pass.
• If you put all your spare pennies in a coffee mug on your bedroom dresser every day, and never spent them, and never gave them to charity, or to your kids, and never accidentally lost a bunch of them when the cat jumped on your dresser and dumped them, it wouldn’t take long before you started wondering what the hell you’re going to do with all those pennies.
• If you were waiting in line to renew your license at the DMV and you took a ticket from the machine that said ‘Take A Ticket And Wait Until Your Number Is Called’, and the number on your ticket was 700,000,000,000, the number on the ‘Now Being Served’ sign would say 700,000,000,018.
• If you paid your cellphone service provider $700 billion in advance to take advantage of their Prepaid Weekends offer for the rest of your life, you would immediately get a weekend job in a hospital where you can’t use a cellphone.
• If you went into Sleep Country and asked if you could stack 700 billion Sealy mattresses on top of each other to see if their advertising claims were true, you would discover that you had a ceiling problem after about 11 mattresses.
• If Kirstie Alley eats one more cookie, she will weigh 700 billion pounds.
• If you owned a dog that liked to roll in dead fish carcasses whenever it went to the beach, there would be 700 billion dead fish on the beach the next time you went there.
• If some financial wizard did a lot of math and figured that the taxpayers would have to pay a bunch of slick weasels 700 billion dollars to solve a problem they created, it wouldn’t take the taxpayers long to figure out how much it would cost to buy enough burlap sacks and rocks to take care of all the slick weasels they could round up.
• If you had rented Bonfire Of The Vanities from the Clam Bay Blockbuster on March 18, 1991 for 700 billion days, you still wouldn’t have finished watching it. Because it’s crap.
• If you were the last car in a line of 700 billion identical Porsche Boxsters, and a guy came in behind you in a Plymouth Neon, he would still pull out to pass.
• If you put all your spare pennies in a coffee mug on your bedroom dresser every day, and never spent them, and never gave them to charity, or to your kids, and never accidentally lost a bunch of them when the cat jumped on your dresser and dumped them, it wouldn’t take long before you started wondering what the hell you’re going to do with all those pennies.
• If you were waiting in line to renew your license at the DMV and you took a ticket from the machine that said ‘Take A Ticket And Wait Until Your Number Is Called’, and the number on your ticket was 700,000,000,000, the number on the ‘Now Being Served’ sign would say 700,000,000,018.
• If you paid your cellphone service provider $700 billion in advance to take advantage of their Prepaid Weekends offer for the rest of your life, you would immediately get a weekend job in a hospital where you can’t use a cellphone.
• If you went into Sleep Country and asked if you could stack 700 billion Sealy mattresses on top of each other to see if their advertising claims were true, you would discover that you had a ceiling problem after about 11 mattresses.
• If Kirstie Alley eats one more cookie, she will weigh 700 billion pounds.
• If you owned a dog that liked to roll in dead fish carcasses whenever it went to the beach, there would be 700 billion dead fish on the beach the next time you went there.
• If some financial wizard did a lot of math and figured that the taxpayers would have to pay a bunch of slick weasels 700 billion dollars to solve a problem they created, it wouldn’t take the taxpayers long to figure out how much it would cost to buy enough burlap sacks and rocks to take care of all the slick weasels they could round up.
Truth...well, for this taxpayer anyway...