Bailingout the banks that were "too big to fail" has not worked: The money has not percolated down in the form of loans to citizens andsmall firms who need it.The big banks used the money to buy their own stock and to buy other banks.
Another failure of percolator economics.No more money for the big banks and insurance companies; let them sink or swim.
C'mon lefties, admit it. A tax rebate for people who don't pay taxes is a welfare check!
The LAST thing we need to do is spend more right now. Take our lumps, recover financially, then spend as we can afford it. A lot, if not most, people used their home equity as their personal ATM machine, and much of that was spent on BSlike trips, etc. with no current value. The value of their homes has dropped, while the home equity loan is still requiring their payments. Let's all pay off the debt, get our finances in order, then spend when we have money instead of using credit. That's the only way we will be ok. Spending artificially by mortgaging our future is an unforgiveable burden we are placing on our kids.
Why not give that bailout money to the people? 1 trillion divided by everyone over 18 in the USA just think about how it would jump start the economy.
How about to those who PAID taxes Free loaders the ride is over[:-]
Bingo, cutting everyone's taxes (payroll and income) to zero for 2 months is only about 300 billion. For what they are spending, you could do it for 6 months with change to spare. They would be better off doing it for two and cutting the corporate taxes to 10%. That's the fastest way to jump start this economy.
Next let's talk about balancing the budget this year!
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John Adams “The moment the idea is admitted into society that property is not as sacred as the laws of God, and that there is not a force of law and public justice to protect it, anarchy and tyranny commence.”
Ronald Reagan: 'Everybody that is for abortion has already been born'
"I never said I was worth it. I only said I wouldn't do it for less " William F. Buckley Jr.
I don't like any of the bailouts. Today in the mail I received info. from the company(Chase) that took over Wamu, and Wamu happens to be the company that had credit cards for Cabelas. Though my credit is good, the interest rate will be going up in March.......guess I'll cancel that Cabela's visa.
Shouldn't bail out any banks or people. All is does is send a message to do it again. As far as credit cards go, I have BassPro, only because it is closer to me. Personally, I prefer Cabela's for the stuff they have. It wouldn't bother me the credit card charged30% interest, because I pay it in full every month. There's no sense in having money making next tozero in a savings account, and running a balance on your creditcard.
Personally, I prefer Cabela's for the stuff they have. It wouldn't bother me the credit card charged30% interest, because I pay it in full every month. There's no sense in having money making next tozero in a savings account, and running a balance on your creditcard.
Exactly.Much of my business expense goes on my Cabela's card. Get a lot of points to buyammo that way.
Bail out the people
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