Comments on: The Problem with the Bailout Plan: That Pesky B-Word! http://www.neatorama.com/2008/10/01/the-problem-with-the-bailout-plan-that-pesky-b-word/ The Neat Side of the Web Tue, 24 Nov 2009 16:10:21 -0600 http://wordpress.org/?v=2.8.6 hourly 1 By: MoonCake http://www.neatorama.com/2008/10/01/the-problem-with-the-bailout-plan-that-pesky-b-word/comment-page-1/#comment-1055337 MoonCake Fri, 03 Oct 2008 11:43:26 +0000 http://www.neatorama.com/?p=19134#comment-1055337 "Where was our governments help when many small businesses were failing because of bigger stores/corporations moving into their territory?" the government was handing them subsidies. "A May 2004 study by the Washington, DC-based Good Jobs First titled "Shopping for Subsidies: How Wal-Mart Uses Taxpayer Money to Finance Its Never Ending Growth," found that the company has siphoned more than $1 billion in economic development subsidies from state and local governments across the country." and "...the Walton Family devotes a significant portion of its holdings to boosting conservative political candidates and a conservative social agenda centered on the privatization of public education." (here is the article i found this in: http://www.mediatransparency.org/storyprinterfriendly.php?storyID=88) @notfromconcentrate: i second that position. what i find ironic about this whole thing is that they have been trying for over a week now to convince the american people that this "rescue plan" will give the economy the boost it needs to get out of the weeds, and are basically asking for us to support their spending of our dollars... if they had no problem with spending $7 trillion of our dollars on the war and such without our consent, why do they need our permission to spend another $700 billion? "Where was our governments help when many small businesses were failing because of bigger stores/corporations moving into their territory?"

the government was handing them subsidies.

"A May 2004 study by the Washington, DC-based Good Jobs First titled "Shopping for Subsidies: How Wal-Mart Uses Taxpayer Money to Finance Its Never Ending Growth," found that the company has siphoned more than $1 billion in economic development subsidies from state and local governments across the country."

and

"...the Walton Family devotes a significant portion of its holdings to boosting conservative political candidates and a conservative social agenda centered on the privatization of public education."

(here is the article i found this in: http://www.mediatransparency.org/storyprinterfriendly.php?storyID=88)

@notfromconcentrate: i second that position.

what i find ironic about this whole thing is that they have been trying for over a week now to convince the american people that this "rescue plan" will give the economy the boost it needs to get out of the weeds, and are basically asking for us to support their spending of our dollars... if they had no problem with spending $7 trillion of our dollars on the war and such without our consent, why do they need our permission to spend another $700 billion?

]]> By: Shme http://www.neatorama.com/2008/10/01/the-problem-with-the-bailout-plan-that-pesky-b-word/comment-page-1/#comment-1051114 Shme Thu, 02 Oct 2008 15:56:47 +0000 http://www.neatorama.com/?p=19134#comment-1051114 buying and selling for more* buying and selling for more*

]]> By: Shme http://www.neatorama.com/2008/10/01/the-problem-with-the-bailout-plan-that-pesky-b-word/comment-page-1/#comment-1051112 Shme Thu, 02 Oct 2008 15:55:58 +0000 http://www.neatorama.com/?p=19134#comment-1051112 The problem is not the name its what its doing and that the president is a complete moron on his philosophy of fixing things. He is trying to take 700 BILLION dollars and give it to the tax payers but indefinatley the upper class because of their poor decisions of buying and selling for ore and going bankrupt and screwing the economy for all of us so the plan is to hand them a big fat check and say here do what u want with it. Second nature for these "upper class" will be to try and make a profit (again) screw up and then the economy goes down the shitter again and this time harder. The problem is not the name its what its doing and that the president is a complete moron on his philosophy of fixing things.
He is trying to take 700 BILLION dollars and give it to the tax payers but indefinatley the upper class because of their poor decisions of buying and selling for ore and going bankrupt and screwing the economy for all of us so the plan is to hand them a big fat check and say here do what u want with it.
Second nature for these "upper class" will be to try and make a profit (again) screw up and then the economy goes down the shitter again and this time harder.

]]> By: Peeves http://www.neatorama.com/2008/10/01/the-problem-with-the-bailout-plan-that-pesky-b-word/comment-page-1/#comment-1048680 Peeves Thu, 02 Oct 2008 03:15:19 +0000 http://www.neatorama.com/?p=19134#comment-1048680 hahahaha. Yes all those powerful libbers who forced all those rich connected people to give out loans to..what did Neil Cavuto say? oh yes, 'African Americans and other high risk people'. It wasn't the lessening of oversight that did it, it was holding a knife to the necks of all those tight belted CEOs. hahahaha. Yes all those powerful libbers who forced all those rich connected people to give out loans to..what did Neil Cavuto say? oh yes, 'African Americans and other high risk people'. It wasn't the lessening of oversight that did it, it was holding a knife to the necks of all those tight belted CEOs.

]]> By: Evil Pundit http://www.neatorama.com/2008/10/01/the-problem-with-the-bailout-plan-that-pesky-b-word/comment-page-1/#comment-1047223 Evil Pundit Wed, 01 Oct 2008 20:20:50 +0000 http://www.neatorama.com/?p=19134#comment-1047223 If the free market had been allowed to operate, this crisis wouldn't have happened. It was the federal government forcing lenders to give home loans to people who were poor credit risks that brought it on. If the free market had been allowed to operate, this crisis wouldn't have happened. It was the federal government forcing lenders to give home loans to people who were poor credit risks that brought it on.

]]> By: CheeseDuck http://www.neatorama.com/2008/10/01/the-problem-with-the-bailout-plan-that-pesky-b-word/comment-page-1/#comment-1047068 CheeseDuck Wed, 01 Oct 2008 19:45:43 +0000 http://www.neatorama.com/?p=19134#comment-1047068 The "unseen hand" of the free market will fix everything! The "unseen hand" of the free market will fix everything!

]]> By: biltmore http://www.neatorama.com/2008/10/01/the-problem-with-the-bailout-plan-that-pesky-b-word/comment-page-1/#comment-1046702 biltmore Wed, 01 Oct 2008 17:55:34 +0000 http://www.neatorama.com/?p=19134#comment-1046702 We shouldn't bail them out. Where was our governments help when many small businesses were failing because of bigger stores/corporations moving into their territory? It's ridiculous that they'll bail out Wall Street, but they won't bail out the American people. We shouldn't bail them out. Where was our governments help when many small businesses were failing because of bigger stores/corporations moving into their territory? It's ridiculous that they'll bail out Wall Street, but they won't bail out the American people.

]]> By: notfromconcentrate http://www.neatorama.com/2008/10/01/the-problem-with-the-bailout-plan-that-pesky-b-word/comment-page-1/#comment-1046459 notfromconcentrate Wed, 01 Oct 2008 16:34:33 +0000 http://www.neatorama.com/?p=19134#comment-1046459 ok, here's an accurate name for the plan: Socialism. ok, here's an accurate name for the plan:
Socialism.

]]> By: sleeper http://www.neatorama.com/2008/10/01/the-problem-with-the-bailout-plan-that-pesky-b-word/comment-page-1/#comment-1046382 sleeper Wed, 01 Oct 2008 16:08:18 +0000 http://www.neatorama.com/?p=19134#comment-1046382 why not have a contest to come up with a more approppriate name for what is being done to the taxpayers. so many names come to mind, many NSFW. why not have a contest to come up with a more
approppriate name for what is being done to the
taxpayers. so many names come to mind, many NSFW.

]]> By: MaxVan http://www.neatorama.com/2008/10/01/the-problem-with-the-bailout-plan-that-pesky-b-word/comment-page-1/#comment-1045851 MaxVan Wed, 01 Oct 2008 13:32:17 +0000 http://www.neatorama.com/?p=19134#comment-1045851 The actual legislation refers to it as a "TARP"- Troubled Asset Rescue Plan. So, without pledging to either fraternity, I'll go with that. However, you can call it whatever you want. The bottom line is that, as is, it's bad legislation. Take a look at the Swedish model for better legislation. I think the main problem with the current TARP (or is that TRAP) is that it fails to address the "moral hazard" issue: it still "seems wrong". The Swedes went after stockholders, and took ownership of some of the banks, and, therefore, seemed "right" to the "just folks" brigade. The actual legislation refers to it as a "TARP"- Troubled Asset Rescue Plan. So, without pledging to either fraternity, I'll go with that.
However, you can call it whatever you want. The bottom line is that, as is, it's bad legislation. Take a look at the Swedish model for better legislation. I think the main problem with the current TARP (or is that TRAP) is that it fails to address the "moral hazard" issue: it still "seems wrong". The Swedes went after stockholders, and took ownership of some of the banks, and, therefore, seemed "right" to the "just folks" brigade.

]]> By: rintrah http://www.neatorama.com/2008/10/01/the-problem-with-the-bailout-plan-that-pesky-b-word/comment-page-1/#comment-1045715 rintrah Wed, 01 Oct 2008 12:59:49 +0000 http://www.neatorama.com/?p=19134#comment-1045715 George Orwell would be so proud. George Orwell would be so proud.

]]> By: Dave http://www.neatorama.com/2008/10/01/the-problem-with-the-bailout-plan-that-pesky-b-word/comment-page-1/#comment-1045665 Dave Wed, 01 Oct 2008 12:47:51 +0000 http://www.neatorama.com/?p=19134#comment-1045665 All you need to do is use another word; the awesome and holy Barack has taken to calling it a "RESCUE PLAN". Yeah. That helps. A lot. All you need to do is use another word; the awesome and holy Barack has taken to calling it a "RESCUE PLAN".

Yeah. That helps. A lot.

]]> By: Coyote http://www.neatorama.com/2008/10/01/the-problem-with-the-bailout-plan-that-pesky-b-word/comment-page-1/#comment-1045614 Coyote Wed, 01 Oct 2008 12:35:11 +0000 http://www.neatorama.com/?p=19134#comment-1045614 It is a bailout if all the people that caused the problem in the first place keep their jobs, pensions, and golden parachutes, and those that fell for it to continue in foreclosure and bankruptcy. Fixing the problem would mean restructuring the businesses, renegotiating tons of loans and *ghasp* lower the wages and outright fire alot of them. It is a bailout if all the people that caused the problem in the first place keep their jobs, pensions, and golden parachutes, and those that fell for it to continue in foreclosure and bankruptcy. Fixing the problem would mean restructuring the businesses, renegotiating tons of loans and *ghasp* lower the wages and outright fire alot of them.

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