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Do you support the bailout plan?

post #1 of 14
Thread Starter 
Why or why not?
post #2 of 14

Re: Do you support the bailout plan?

No. They took the risk and they should have to pay for it.

No one bails us out when we make a bad choice so wy should we bail out them.
post #3 of 14
Thread Starter 

Re: Do you support the bailout plan?

I read in the news today that the majority of Americans do not support the bailout plan.

Personally, I have mixed feelings about it. On the one hand, something needs to be done. On the other hand, I am sick of paying off bad decisions on the part of poor executives. And I am really, really sick of seeing these same executives who ran their businesses into the dirt getting huge bonuses and all sorts of pay off when their workers who did nothing to contribute to the company's downfall all loose their jobs and get nothing. Sorry, but if an executive runs the business into the dirt, he or she should be on the unemployment line like everyone else. Not getting an enormous severance package. It should be welcome to having the morgage called in and boloni and ramen like everyone else.
post #4 of 14

Re: Do you support the bailout plan?

absolutely not. For much of the same reason that Karen said. If they would distribute the proposed money throughout each and every adult in the US, 20% would automatically go back to the gov't. People could Pay OFF their homes. Generate more movement in the economy... etc.
post #5 of 14

Re: Do you support the bailout plan?

Exactly what Karen said.

Nobody helped bail me out when I made a bad decision.
When you make your bed, you lie in it..
post #6 of 14

Re: Do you support the bailout plan?

Quote:
Originally Posted by Liz109 View Post
OK, I have my opinions on this and they are strong. Trust me, if I got into my true gut feelings this debate would probably be shut down and *poof* disappear.

What I would really like is for Americans to get off their butts and work if they have the means and to quit living above their means!

Do you realize that ALOT of the home crisis is because middle class citizens overbought on their homes? ACK....I'm stopping right here

Is what these corporate execs did morally right? No. However, that was the severence package they signed into and that's what they got. It's not like they were embezzeling the $$ (well, that hasn't been uncovered yet.....but if they were that's a whole other debate).

OK, I said I was going to stop, didn't I?

Yes, I'm done. (biting tongue)
I completly agree!
post #7 of 14
Thread Starter 

Re: Do you support the bailout plan?

I don't disagree with you, Liz. I wish they would take the money and use it to create jobs and job training programs with no income qualifications or education restrictions. Just because a person has a college degree doesn't mean the doors to the top swing open and Hallaluha! wonder job is there. It can be very hard to get any kind of job at all if you degree is not in demand. I know tons of music majors who found there were no jobs even in teaching and went back for computer science degrees. I'm not saying send everyone to college. Maybe votech or jobs that a person can learn on the job.

What will not happen is a return to the ABC agencies of the 1930s, because that is too close to socialism which scares the crap out of people even if it would do nothing but good for most people. But that is exactly what I would like to see happen. I can think of tons of things the government could have done that don't require tons of training. For example, I would like to see all books which are out of copyright, OCR scanned and put online for everyone to use for free. Many colleges and universities are already working on this project, but I would like to see a coordinated program so there is no duplication of efforts.

I spent a summer OCR scanning a very dull book on John Brown. It is not hard work, but it can definitely be boring. Every city, county and state in the country has tons of old records, I would love to see online. So there is a lot of this sort of work to be done all over the country.

Here in WV, we have all this moonscape left over from mountain top removal mining, that is just erroding, looking terrible and generally being an environmental nusance. Coal companies have been forgiven all responsibility to restore this land. When they don't want it anymore, ownership often goes back to the state. It will take years to reclaim this land. People could be employed by the government to restore these destroyed lands all over the country. And that is an unending job which few states can afford.

There is somewhat of a falsehood out there that Americans are lazy. Americans are not lazy. When I talk to people from other countries, they always mention how hard working Americans are. People with jobs or better jobs means people spending money and paying taxes. People with jobs don't need massive amounts of social services.

I don't see why creating government jobs should be an ugly word, but it is to many people. Most of my whole family (including me) have worked for the city, state, county or federal government. There's nothing wrong with working for the government. It pays decently and there are usually good benefits.
post #8 of 14

Re: Do you support the bailout plan?

When a business fails, the government doesn't come to their aid. They aren't coming to my aid and wiping out MY debt so why should they bail out these big businesses?

Umm.....my husband has a damn good job. Pays decent, good benefits works 65 or more hours a week puts us in a solid middle class. But with the country failing, it affects how we live. We can barely afford our bills when before we had tons of extra money. I pay over 500.00 a month just for Den's gas. That doesn't count mine. My grocery bill sky rocketed because our food prices went up. We didn't start eating more that's for sure. Higher taxes? Please, every damn year they go up. Our insurance used to cover everything and now they are covering less and less so that normal medical bills are getting outrageous. I'm sorry but IMO, the middle class is the worst place to be. You get no help from the state at all and we are the ones who get the higher taxes.

Frankly, I don't know what we should do. I think something needs to be done. I just don't see a solution. I just want to know how they can pass a bill that costs more than the Iraqi war has cost and justify that it is ok. We are going to be in so much debt and who is going to bail US out?
post #9 of 14

Re: Do you support the bailout plan?

No, I don't support it. these businesses failed due to poor management. I don't see the govt coming to the aid of those who really need it (the people), so why should they bail out companies? I don't think it will help anyone but the execs. And I would rather see tha money go to the people, but it will never happen. Besides, it isn't "real" money. It's money on paper that the US doesn't actually have.

Want to boost the US economy? Stop helping every other country on earth and focus on the people right here at home! I'm not saying we shouldn't help in a crisis, but i do think that charity begins at home - right here on US soil.
post #10 of 14
Thread Starter 

Re: Do you support the bailout plan?

Too true, Brenda!

IMO, people don't need charity, they need better jobs and just jobs period.
post #11 of 14

Re: Do you support the bailout plan?

Quote:
Originally Posted by Spaggie View Post
No, I don't support it. these businesses failed due to poor management. I don't see the govt coming to the aid of those who really need it (the people), so why should they bail out companies? I don't think it will help anyone but the execs. And I would rather see tha money go to the people, but it will never happen. Besides, it isn't "real" money. It's money on paper that the US doesn't actually have.

Want to boost the US economy? Stop helping every other country on earth and focus on the people right here at home! I'm not saying we shouldn't help in a crisis, but i do think that charity begins at home - right here on US soil.
AMEN!!!!!!!! I'm sick of the U.S. helping out other countries more than their own people. You know how on an airplane they tell you to put your oxygen mask on first before you help others? THAT is a lesson the U.S. Government needs to learn!!

I definitely don't support the bailout plan. Heck, I'm in debt and do I see anyone coming to my rescue. NO! Are my husband and I working on paying off our debt? YES!! So corporate America needs to do the same.
post #12 of 14

Re: Do you support the bailout plan?

Quote:
Originally Posted by Spaggie View Post
No, I don't support it. these businesses failed due to poor management. I don't see the govt coming to the aid of those who really need it (the people), so why should they bail out companies? I don't think it will help anyone but the execs. And I would rather see tha money go to the people, but it will never happen. Besides, it isn't "real" money. It's money on paper that the US doesn't actually have.

Want to boost the US economy? Stop helping every other country on earth and focus on the people right here at home! I'm not saying we shouldn't help in a crisis, but i do think that charity begins at home - right here on US soil.
I agree, Brenda. And I agree with Karen and Liz and Shona. I do not support the bailout plan.
post #13 of 14

Re: Do you support the bailout plan?

No, I don't support the plan the way it stands. Printing more money, without the money to back it isn't going to help long term. I might feel differently if we actually had that money laying around, or the gold to back it but we don't.
Not to mention the last I heard this was going to be done in a way that couldn't be audited etc... no accountability for the agency handling the funds is a BAD idea....
post #14 of 14

Re: Do you support the bailout plan?

Well, the House shot it down - no surprise there. I wonder how bad the next plan will be?
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