$700,000,000,000 BAILOUT!!!

[Heather]

They should have listened to Newt Gingrich.  He said this wouldn't be the solution.  At least both my senators and representative voted against the bailout. 

They should have listened to the American people who were calling in 10 to 1 against the bailout.  The House website crashed several times b/c of all of the traffic and e mails against the bailout.  Newt Gingrich is just one person.  The majority of the world was screaming no.  They only do what is best for them not us as a whole.

Heather

[Dixie Dude]

This is going to cause one of two things.  Hyper inflation because the government is printing out worthless money to pay for everything.  Or deflation where noone buys anything because of the credit tightening and prices drop.  Only those who have money will be able to buy anything.  I'm glad I am out of debt.   My wife and I saw this coming and prepared.  Many on wall street warned of this, but
Congress makes the regulations, not the president. 

[magooch]

As I reflect on some of the moves I made over the past few years, I must have had a subconscious inkling of what was coming.  I was tired of the roller coaster ride that the market had become and asked my financial advisor what would be a good place to park my 401K and IRA funds.  He recommended Fannie Mae.  I didn't like what was going on, even back then (about three years ago), so I went for CDs.  If I've learned anything about investing, it is to never do what my financial advisor tells me to do.  And that's not to say that he is a slug; he's just typical of nearly everyone I've ever delt with in that game.

Anyway, I'm sticking with CDs.  Is anything really safe--who knows?

[SDS-GEN]

I believe we are in for a serious depression.  I won't get into the whole political debate here but I did find a very interesting paper about the great depression.  Take a look.  It details the government's follies that dragged the depression on for a decade and robbed americans of their God given rights.  

Remember the government is the servant of the People, people are not the servants of the government.

http://www.mackinac.org/article.aspx?ID=4013

[Swampman]

Psssssssst....did you really think the fix would work instantly?  Since we didn't do the bailout when it should have been done, things got worse and it cost us more.  At least they had enough sense to pass it like the President asked them to.

[myronman3]

Psssssssst....did you really think the fix would work instantly?  Since we didn't do the bailout when it should have been done, things got worse and it cost us more.  At least they had enough sense to pass it like the President asked them to.

baloney.   the country would cease to exist inside of two months if everyone was a mindless follower like you.   the bailout was a massive screwover for the american people from the start and everyone who wants to see it, sees it.    and now, just as i said,  it hasnt changed a thing.   the market rejected the whole notion and fell even further.  save your silly, blind comments.  nobody bought it then and sure as hell aint going to buy it now.   

[Swampman]

It's a real shame (scarry actually) that most of the American public has no understanding of what's going on in this country at all.

[myronman3]

it truely is,  especially with people like you who think they know, yet they truely are the ones with their heads buried in the sand.   

[Matt]

It's a real shame (scarry actually) that most of the American public has no understanding of what's going on in this country at all.

look... how can I say this... (censored)! Would you please educate yourself on real life and how things work and or don't work and stop spouting mindless propaganda babble... But you know when all this crap comes to a head and pops there are going to be millions of people standing around with a dumbfounded look on their faces and you sir will be one of them. Also many of those same people will die as an after effect of all this and if you continue your way of thinking it is far more likely you will be one of those as well.

Further more all you pro bush folks who say he warned congress XX times... blah blah bull$hit... Those of you who put the blame on clinton... do even know what it was that he did?  probably not... He had the federal ratings for banks changed so that banks had to make bad loans(high risk) if they wanted to get the high ratings. So to fix this all bush would have had to do in effect was again have the ratings rules changed so as banks did not have to make all these bad loans... AND HE HAD 8 YEARS TO DO IT!!!! what did he do well lets see... ever hear of the American DreamHome Down Payment Assistance Program? well that was his baby that he pushed through to help further along the crisis. This program allowed many to get in homes for ZERO DOWN and many had no savings to speak of and as things declined they were not able to make the ARM loan payments so out on their ass they were and the bank was stuck with an overvalued property and a bad loan. Do this about 30 or 40 million times and there you have it. So who is to blame for this whole damn mess...? Every DAMN ONE OF US.... If you voted for a single SOB in office who voted for any of the BS that has landed us here then DAMNIT your to blame... So now that we have the who out of the way lets move on to fixing the problem.... Dump the fiat money system and go back to the gold standard... the US dollar would be the strongest currency in the world... the price of everything would go down except your labor and people could get themselves out of debt and America can continue... ANYTHING short of that and its over...

Matt

[Swampman]

I voted Republican straight down the line.  That's what I always do, and I always will.  I don't blame the President for any of this.

[ironglow]

  I believe the congress saw this coming, after all Barney Frank and Chris Dodd had oversight over Fannie & Freddie. Barney lied about it up until 2 years ago, when the Dems took over congress and there was no more need to lie...because they just sat still and did nothing about it ! They held their secret until just two weeks ago and then used their willing accomplices..the liberal media to trump up another "crisis".
  Surely, those here who are against the bailout, must doubt the use of the term "crisis"...other than to stir up a sense of panic !

        We should also remember to put much of the blame (as if it helps) on just average Joes like ourselves that ran up their credit cards,
bought all kinds of non-productive toys on credit and perhaps went into debt for a 300K for a home, when a 50K or 100K home would have sufficed just as well. Yes; let's condemn the crooked congress that willingly allowed, nay even planned and produced this "crisis" at a convenient time....but let each of us that went "credit-crazy" shoulder a bit of the blame as well.

[Dixie Dude]

Well, this thing has gotten worse.  Iceland has gone bankrupt last night.  There is an emergency meeting this weekend with the G-8.  Stocks are down last night 10% in overseas markets.  The Fed lowered interest rate 1/2% last night.  People are bailing out of everything and hording their money.  All because of Fannie and Freddie. 

[ironglow]

  Yes, this is having a devastating effect on economies worldwide, particularly in the democracies...so the portents are not good. looks like the Democrats "October surprise" may have spiraled out of hand.
  Are we seeing the Biblical end time picture being played out before our eyes ?

[Heather]

  Are we seeing the Biblical end time picture being played out before our eyes ?

I don't know so much about the Biblical end time, but it is defiantly the end of the nation our forefathers laid out for us.  It is also the beginning of the end of all freedoms.

Heather

[Swampman]

Are we seeing the Biblical end time picture being played out before our eyes?

Yes

[Singleshotsam]

I voted Republican straight down the line.  That's what I always do, and I always will.  I don't blame the President for any of this.

Personal attack removed by Graybeard. You are NOT Matt not the site owner so you can't do and say all he can. Graybeard.   I swear Swampman, people like you would vote for a mattress if they put a Republican sticker on it...

[45-70.gov]

mattress  is  still  better  than  any  democrat

[Singleshotsam]

Better than Bush also... thats for sure... Hell, I'll vote for a mattress over Obama or McCain...

[45-70.gov]

when  the  democrats  run  a  mattres  its  time  for  the  3rd  party

[Swampman]

mattress  is  still  better  than  any  democrat

Yes, and President Bush (who is doing a good job) is better than either of the 2 choices we are left with.

[Singleshotsam]

mattress  is  still  better  than  any  democrat

Yes, and President Bush (who is doing a good job) is better than either of the 2 choices we are left with.

HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA.......HAHAHAHAHAHAHAHAHAHAHAHAHAHA.... HAHAHAHAHAHAHAHAHAHAHAHAHAH.... HAHAHAHAHAHAHAHAHA..HA...HEH...he he he... ha... oh... *chucke*... he he...

[billy_56081]

I for one am happy with the stock market taking a dive! Actually I am exstatic  Back a few years ago when the DOW hit about 12000 I pullled all my money and put it in fixed interest. Won't be long I might have to put it to some risk again. Like they say what goes up must come down.

[torpedoman]

BUY GOLD, BUY SILVER, get it out of banks and stocks and put it in something that has real value

[Dixie Dude]

I was planning on an early retirement in about 2 years, but I have lost about half my 401(k).  I will have to wait probably about 5 years now.  Waiting for it to get back up.  If Obama wins, capitalism will go by the wayside, and we will have a form of European socialism, based on his past voting record and community actions with Acorn.  If McCain wins we will have 2-5 years of hard times, but will eventually pull ourselves out.  Now is the time not to buy gold or silver, but to buy staples, store up dry goods, paper goods, canned goods, and rotate them.  Grow a garden.  Hunt and fish for meat. Pay off your credit cards and mortgages.  Get out of debt.  We may be in for some hyper-inflation if the government pumps a lot of money into the system to jump start it.  Remember Jimmy Carter.  High inflation to pay down Vietnam war debt.  We really need to go back to the gold standard.  Money floats today, not tied to anything but everyone elses money.  It has been floating ever sense they started the Federal Reserve system.  If you have your house paid for, no credit cards and a food and consumable items stockpiled, you can hold out for better times if they come.  Remember Y-2-K.  Same thing applies.  Money is tight right now, credit is tight.  No one is buying anything.  Ford and GM are about to go under.  Jobs will be scarce. 

[Heather]

I was planning on an early retirement in about 2 years, but I have lost about half my 401(k).  I will have to wait probably about 5 years now.  Waiting for it to get back up.  If Obama wins, capitalism will go by the wayside, and we will have a form of European socialism, based on his past voting record and community actions with Acorn.  If McCain wins we will have 2-5 years of hard times, but will eventually pull ourselves out.  Now is the time not to buy gold or silver, but to buy staples, store up dry goods, paper goods, canned goods, and rotate them.  Grow a garden.  Hunt and fish for meat. Pay off your credit cards and mortgages.  Get out of debt.  We may be in for some hyper-inflation if the government pumps a lot of money into the system to jump start it.  Remember Jimmy Carter.  High inflation to pay down Vietnam war debt.  We really need to go back to the gold standard.  Money floats today, not tied to anything but everyone elses money.  It has been floating ever sense they started the Federal Reserve system.  If you have your house paid for, no credit cards and a food and consumable items stockpiled, you can hold out for better times if they come.  Remember Y-2-K.  Same thing applies.  Money is tight right now, credit is tight.  No one is buying anything.  Ford and GM are about to go under.  Jobs will be scarce. 

Definitely a better idea to invest your money into food and paper goods than gold and silver.  You will always need sustenance, and you can't eat gold!

[45-70.gov]

i  have  lots  of  powder  ,primers, brass  about  a ton  of  lead  and  a  few   of  veral smiths moulds


now  i  need  a  freind  with  a generater  to  run  the  lead pot  and  gas  to  run  the generator

maybe  i  am  not  so  ready  after all

[myronman3]

you can melt lead with a wood fire. 

[DalesCarpentry]

i  have  lots  of  powder  ,primers, brass  about  a ton  of  lead  and  a  few   of  veral smiths moulds


now  i  need  a  freind  with  a generater  to  run  the  lead pot  and  gas  to  run  the generator

maybe  i  am  not  so  ready  after all

If you had to could it be done with a fire? Dale

[DalesCarpentry]

you can melt lead with a wood fire. 

Sorry I did not see this post. Dale

[45-70.gov]

i  have  melted  and  cast  with  charcoal   and a  coffee can

i  like  the  20lb LEE bottom pore

think  i will  start  casting before  civilization  crashes