The Line Forms To The Left.....

[travesty]

So, here we go. (http://ac360.blogs.cnn.com/2008/10/03/california-bailout/)

People, companies and now states are getting in line for federal bailout money.The floodgates are open and everyone knows it. Look out, it's only going to get worse as the precedent has been set. Our collective wallets have been forced open and the vacuum hoeses have been inserted. Thanks Washington...real fooking cool(n)

And yet most people still feel that either Obama or McCain who both voted for this action are the best candidates. Did anyone notice that the Dow was up like three hundred points right up until they voted, then it tanked so hard it closed DOWN about 150? Yeah, that makes me think this thing is going to work. Pssshaw, as if!

From now on I am just going to put my blinders on, eat what they spoon feed me, get in line for toilet paper and resign myself to the fact that HAL 9000 was right.....
This is why it is a bad idea for our politicians to vote according to the whims of the ignorant masses.

Sigh....*kicks a turd down the road*

[Bob]

i think the stock market's reactions to the various bailout votes have been absolutely baffling

monday: it becomes apparent that house is going to reject the bailout, stock market plummets the farthest it's ever plummeted in a single day in history

tuesday: bounces back, in an impressive way

wednesday: senate approves the bailout; market plummets again :confused:

thursday: i forget

friday: house approves bailout; market drops, credit markets still frozen :confused:

alright, yeah, so it hasn't even been a full day yet, it's probably too soon to judge whether the surge is working or not, but still, i kind of resent how the media blamed the house's rejection of the bailout for the stock market crash. it's still fucking crashing even though congress has approved it. what the fuck does the media know about the stock market? no more than me, apparently, and i'm certainly not pushing my opinions about it in anyone's face, so where do they get off?

i don't know. this is literally the most confused i've ever been about a political issue in my life, and it's also the hardest i've ever tried to educate myself about a political issue in my life, so i really just don't know what to think about it. i'm still standing by my "bush and cheney liked it, therefore it's bad" philosophy, i feel like that rationale might be vindicated in the long run

[travesty]

i'm still standing by my "bush and cheney liked it, therefore it's bad" philosophy, i feel like that rationale might be vindicated in the long run

Not a bad philosophy at all(y)(y)

[D_Raay]

The scheme to buy 700 billion dollars worth of toxic derivatives from ailing financial institutions is a pipe dream that logic and history show will not work.

This is a plan to bring back the confidence to a lending market that is afraid.
The cessation of liquidity and lending is the concern and whether it will exacerbate the market. I don't see anything here that assuages these fears.

What we have learned in the past is that it nearly impossible to get institutions to lend and companies or consumers to borrow once fear sets in. You can lead a horse to water but you can't make it drink.

Bailouts create reckless and immoral behavior that necessitate further bailouts (which has already happened btw) until you reach a point where the size of the bailout bill is insurmountable. 700 billion is a big pill.

Capitalism is failing again as it did in in the 1930's.