The Warring States of NPF

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- - Bailout 3 (http://www.nuklearforums.com/showthread.php?t=31649)

Oh hey, it's SpacePope.

Hey Space Pope.

I'm in the process of e-mailing every damn senator I can. When does the bill go up again?

Honestly there is a sound economic reason for the bailout. It will help those that have sub-prime mortgages and those in foreclosure by easing the financial institutions pressure to collect on these debts.
However, I liken it to the airline bailout, nothing good came of that, the airlines kept going, sure, but service got worse overall, so they changed nothing in the practices that put them in the position in the first place.

Edit:
Hey Mrai

They b working on one today I believe.

I still think they should tank it unless it has provisions that executives get no portion and stricter regulations occur. However, since a majority of these officials were elected with money from Pac's that ARE the banking industry....well....

FUCK

Quote:

Originally Posted by Mirai Gen (Post 845811)

Give me a good place to find representatives phone numbers and I'll let them know damn good and well how shitty their bill is.

Google is your friend. I just added another email to the likely flood in Obey's inbox. There should be sites that list all the representatives in every state.

I just wrote good 'ol Mel Martinez:

Quote:

Hello, Mr. Martinez. This is the first time I have ever written to a member of Congress, but I am assuming you will have no difficult understanding my concerns regarding the bailout.

Please, Martinez, you must see how short-sighted these proposed bailouts are. They may remedy pressure in the short-term, but unless there is a comprehensive reform, forbidding the practices that led us to this situation in the first place, we will find ourselves in this situation a few years from now.

I am a senior attending Flagler College, and to be honest, I am unimpressed with your current generation's handling of the country. Greedy, megalomanical corporate hogs are allowed to prey on lenders, getting rich in a vicious cycle of lending. The fact that the government is essentially SANCTIONING these "fat cats", allowing them to continue their practices, is simply WRONG.

I implore you to oppose whatever incarnations of this bill may come along, UNLESS they contain the aforementioned controls of the banking and lending industries. I am not asking you as a voter, as a Floridian, as a college student, as a "future leader" of America, but as a fellow human being, one who dislikes money, but knows the far-reaching impact it can have. How can we call ourselves the "greatest country on Earth" when we allow a small group of money-hungry, corrupt individuals to do with our country as they please? How can we possibly hope to assist other countries when we cannot even help ourselves?

This is something that should have been done a long time ago, Martinez. There needs to be an overhaul of our financial system. People need to realize that they are not dealing with numbers, with profits, but with HUMAN BEINGS, who have hopes, dreams, and aspirations, and they are toying with them with these ridiculous laws.

Please, Honorable/Mr./Whatever Martinez, oppose this short-sighted legislation.

I suggest everybody write their senators. Even if it's just one or two sentences, the sheer volume of e-mail will be evidence enough to convince them.

I love the additions to the new bailout bill.

"Hey Republicans! Look what we've added! tax breaks! You love tax breaks right? Every Republican loves tax breaks! You want to vote for the bailout bill now, right? Cause it has tax breaks! They make everything better. You really need to abandon your economic principles and ignore the voice of you constituents and vote for this bill, because it has tax breaks!...And Democrats! We haven't forgotten you, we've added Green initiatives! What could be better than Green initiatives? You have to vote for the bailout now! Never mind that neither addition is in any way related to solving the problem at hand, you love 'em, we've got 'em! Vote for the bailout!"

The sad part is that it'll probably work.

Quote:

Originally Posted by TheSpacePope (Post 845822)

You can contact members of congress here!

The thing is with the new incarnation of this bailout it is

250 billion immediately
100 billion on presidents discretion
and 350 billion after another vote of congress.

Edit: they are in fact buying assets whose market value is dropping, with the plan to re-sell them once the market stabilizes.
This is truly a stopgap measure, and won't do anything to correct the bad business practices that caused it.

McCain seems to want the president to pass it w/o congressional approval, and so does the sec of treasury.
After they failed to pass it the dow lost 777 points, largest drop in history and there is talks of layoffs and the like, all related to de-regulation passed after the savings and loan scandal.

the gramm-lehey act if I am not mistaken.

Hi everyone.

Dropped off to do work on my site, but hopefully will be back periodically!

'Bout time you came back to these parts, stranger.

Anyway, I have an idea regarding the bailout plan: we should pass it, on one condition: no member of Congress, the President, the Vice-President, anyone in the Cabinet, or any CEO of any of the companies which would be bailed out by this plan will get paid until this "loan" is paid off. Instead, their salaries will be applied towards the "loan" (interest first, then principal) until it is paid off. Neither Congress nor the companies will be allowed to vote themselves raises in order to pay back the loan sooner. All of them can easily live off of the taxpayer and company-funded perquisites that they already have until the debt is paid off.

If they feel really hard up for cash, they can get themselves corporate sponsors; however, they will have to change their names to reflect their sponsorship--there will be no more of this hidden special-interest funding.

Once upon a time, people in Congress and the Presidency were there to be servants of the common people; instead, they are lords of the manor, helping themselves and anyone who fattens their wallet, only deigning to serve the people when it serves their own purposes. I've long been of the opinion that positions of that much power shouldn't get a paycheck; my rationale behind that opinion is that only someone who truly wants the position and to serve others would take on that much responsibility for free....but I could be wrong.

I think the reason they want such fat paychecks in the first place is, at least on paper, that they want to have high bribing price tags. The theory is, if they were paid poorly, their political position would lend them to more corruption because the lure of money would be stronger.

Well, excuse me, but aren't you basically enacting a policy that forces you to take a bribe legally to, you know, do your job?

A serious solution to this would be to shift everything more towards a free market where other companies could invest in these failing banks and whatnot, not haul ass towards socialism like we're doing now. As crazyinyourface as he is, Glenn Beck made a good point. The government should look all of these people in the eye, banks that got greedy, people who took out loans that they knew they would never be able to pay back, and lawmakers who made all of this possible, and say "sucks to be you."

Or yeah, basically anything other than this bill could be an answer.

[Edit] Also <3 at the title.

The bailout, as of last report is now 451 pages long. That's up from the 3 it was supposed to be this past weekend.

It would be funny if it wasn't so tragic.

Oh, and Glenn Beck makes a lot of good points. It's just that he tends to put his foot in his mouth with stupid statements ("prove to me you're not my enemy," "I never thought I could hate anyone as fast as I hated the 9/11 families," "What if we killed Michael Moore?" etc.) that if you look into the context often make sense, and aren't the examples of a horrible person they sound like, but were badly chosen phrases that make people think "OMG crazy wingnut!"

And he's been predicting this whole mess since at least last year. Scarily accurately.

Quote:

Originally Posted by Selfish Philanthropic (Post 845826)

We NEED to let these "fat cats" tank. We MUST show the price of greed in the supposedly "greatest" country on Earth. All we are currently doing is proving Karl Marx's theory: the few really do control the means of production and have the "proletariat" at their mercy. Hell, even worse: the government is SANCTIONING the "bourgeiose", allowing them to do what they please with the economy.

Obviously, you don't have a 401k. Unfortunately, my parents do & were looking to it to cover their retirements.

I'm not saying the bailout is the best thing, and in fact it could be the worst thing (I certainly don't like how Congress is being rushed into it, ala the Patriot Act). However, something needs to be done soon. I heard that Circuit City was trading at something like .73 a share, & I wouldn't be shocked if other companies hit similar dire straits.

Then if they go under, there will be massive unemployment, mostly based on panic, but it'll still be bad times.

Again, maybe the bailout is bad, but I do think something needs to be done & done soon. So if there's a better alternative to the bailout, I'd like to see the opponents start crafting something & at least showing it to the American people. I don't care if Pelosi & Reid aren't ready to give up on the bailout just yet, but I'd like to see some progress towards some sort of working resolution, not just opposition to the only suggested solution.

SWB