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Corporate Welfare Parasites Set To Get Bonus?


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America, you got to love it! Only here is the illusion of of paper and digital wealth taken so seriously that their government is willing to toss billions upon billions at a problem created by greed and basic talentlessness. They are going to attempt to maintaina structure built on the whimsical air of institutionalized fiatism. The logic behind this massive corporate bail outs is based on a notion that it is bad to provide social assistance to an army of over paid executives.

- but - It would be much worse to deny these guys their super welfare benefits in their time of need. If they deny hard earned tax dollars to the rich - the rich would become the poor in the twinkle of an eye - and that my friends would be a type of bloodless revolution brought on by natural law and perhaps devine providence and justice. We can not have that! That would be deemed a systems failure.

A social safety net is now in position and the poor - working poor and what is left of the struggling middle class will be holding this net filled with fine scented goose down and trimmed in silk and lace. What irks me is that the average Joe and Jane are more than willing to eat beans and weaners for a couple of years in order to keep the American dream alive even though their will be no real benefit of the stupified tax paying doink. But - just as in child abuse the child clings close to the abuser out of sheer fright...hoping that if they are close enough that the abuser can not wind up to give them a bruatal sucker shot at a latter date.

What are the thoughts of our members on the concept of social assistance for the rich - that reads like the will of some old tycoon of old - To keep his dear wife living "in a manner that she is accustomed" - Personally I will vomit if I hear one scotch gussling, beef goobling so-called elite ever refere to the poor as useless eaters or worse WELFARE PARASITES. The shoe is now on the other foot and as my sister said "Poor is not forever nor is rich" - It is out of pure kindness and pity that the American tax payer is willing to bite the bullit. It is mostly about hero worship - and in a land where god is money - you can not let god die.. :lol: Besides - who will bless you if not the rich - welfare parasites?

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willing to toss billions upon billions at a problem created by greed and basic talentlessness

No. Acutally, it was a problem created primarily by government.

There's no disputing what caused the "sub-prime" problems.

1. President Clinton put on steroids the Community Redevelopment Act, a well-intended Carter-era law designed to encourage minority homeownership. And in so doing, he helped create the market for the risky subprime loans that he and Democrats now decry as not only greedy but "predatory."

2. Tough new regulations forced lenders into high-risk areas where they had no choice but to lower lending standards to make the loans that sound business practices had previously guarded against making. It was either that or face stiff government penalties

It was economic affirmative action for housing.

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No. Acutally, it was a problem created primarily by government.

There's no disputing what caused the "sub-prime" problems.

1. President Clinton put on steroids the Community Redevelopment Act, a well-intended Carter-era law designed to encourage minority homeownership. And in so doing, he helped create the market for the risky subprime loans that he and Democrats now decry as not only greedy but "predatory."

2. Tough new regulations forced lenders into high-risk areas where they had no choice but to lower lending standards to make the loans that sound business practices had previously guarded against making. It was either that or face stiff government penalties

It was economic affirmative action for housing.

"Created pimarily by government" - In America government is big buisness and buisness is governement. Do you think that Clinton did not know that in time that giving mortgages to those that could not pay them back would lead to for closer on those properties? Daman right he did..the guy is shrewed and not stupid..when it comes to scams...He overlooked one thing - If the default levels were medium in scope than the lenders would have continued to profit on the backs of the poor - Clinton simply did not expect the plan to scam to work so well - instead of 20% default level - it screamed up to 80 % - Thus the usery was too successful and the greed turned on the lender...ha ha ha ...That's what happens when you take advantage of too many poor people all at once. Clinton and the boys are not saints.

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It is government and big business that is the problem. The government does not want to regulate the market (being a free and open Capitolisctic society) But it is the banks fault for knowing they are giving loans to people who clearly cannot afford the house. Living above their means. The banks know this, but lending happens anyways.

It is up to the individual to know their limits and live within their means. To live above that, means getting a better paying job.

This bail out is directly putting the price tag of this whole fiaso on the taxpayers themsevles. It is the government that is bailing them out, and it is taxpayers money that is doing the bail out. So the taxpayer looses twice in all this. They lost the house they could not afford, because of predatory lending, and they loose again because tax money is bailing out bad practitices. This bail out actually encourages banks to keep on the same path and same practicies. This in no way shape or form punishes the banks for the crisis they have contributed to.

Also consider this. We can find 700 billion to bail out several large banks, but we cannot find the money for better education and health care. It is a task every couple months to appropritate money for the wars in Iraq and Afghanistan.

This increases the US's national debt by almost 1 Trillion. Consider that the nationaol debt is already over 1 trillion due to the US's War on Terror.

All this puts more burden on the taxpayers.

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It is government and big business that is the problem. The government does not want to regulate the market (being a free and open Capitolisctic society) But it is the banks fault for knowing they are giving loans to people who clearly cannot afford the house. Living above their means. The banks know this, but lending happens anyways.

It is up to the individual to know their limits and live within their means. To live above that, means getting a better paying job.

This bail out is directly putting the price tag of this whole fiaso on the taxpayers themsevles. It is the government that is bailing them out, and it is taxpayers money that is doing the bail out. So the taxpayer looses twice in all this. They lost the house they could not afford, because of predatory lending, and they loose again because tax money is bailing out bad practitices. This bail out actually encourages banks to keep on the same path and same practicies. This in no way shape or form punishes the banks for the crisis they have contributed to.

Also consider this. We can find 700 billion to bail out several large banks, but we cannot find the money for better education and health care. It is a task every couple months to appropritate money for the wars in Iraq and Afghanistan.

This increases the US's national debt by almost 1 Trillion. Consider that the nationaol debt is already over 1 trillion due to the US's War on Terror.

All this puts more burden on the taxpayers.

These is going to get alot worse. Looks like we all will be living off Kool-aid and Macaroni for a while. Time to tighten up the belt.

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These is going to get alot worse. Looks like we all will be living off Kool-aid and Macaroni for a while. Time to tighten up the belt.

Indeed. IN 8 years of Bush, the national debt has run up over a trillion .. in less than one week, the US's national debt had just about doubled.

The Feds are taking out a loan on future generations. They are taking a loan out, and your childrens future will be paying for it.

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Indeed. IN 8 years of Bush, the national debt has run up over a trillion .. in less than one week, the US's national debt had just about doubled.

Sentiments noted, but your numbers are way off. The US debt ceiling will be raised to nearly $12 trillion, and as long as the bonds have investors, it will continue to rise. President Bush and the Congress are responsible for way more than increases of only $1 trillion.

The Feds are taking out a loan on future generations. They are taking a loan out, and your childrens future will be paying for it.

Yes, but this has always been the case. The USA has the world's highest credit card limit because it is still the safest game in town, and the alternative is far worse.

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it's lovely shit sandwich and were all going to take a bite out of it.

Free trade is a perfect example of usery delux. If a nation is a family and country phyiscal territory - you would assume that the family(nation) would benefit as a whole with the trading with of other nations (families). It seems that a sytem of so-called trade now consists of internationalist that are disloyal to family..They trade using the populace as collateral..make a bundle then hord it from the rest of the extended national family..that is not prosperity!

As I said a while ago about the poor and persecuted Conrad Black..If you are going to convict this man then you had better arrest at least 3000 high ranking executives that are less mouthy and egotistical BUT commit the same actions as Lord Black..now we see with the collaspe of American instututions - that EVERYBODY was up to the same sort of buisness practices that Lord Black was up too - so why not round them all up and send them golfing and force them to do their own laundry....and give them a send of package of perhaps 100 thousand dollars and a case of carpentry tools and have these parasites do some thing useful! You can not keep making something out of nothing for ever - as poor Greenspan has been trying to explain for the last year to these bums.

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