$700 billion bailout? Not with my money!

[americantoy]

That's it this has to be the biggest fraud in world history. I can't believe they have approved this. You and me will pay this with out taxes, do you realise that? Of course "they" approved it, it's not "their" money! Is nobody else upset about this?

[shmesco]

Hey americantoy I like the way you put it: "Not with my money"

All I can say is that I am grateful not to be a US citizen. But the way things are going this might even end up happening where I am...

[oo87]

I am very worried about this bailout, although I could always be proven wrong, maybe it will work after all. The point is, putting more strain on the people as a method of strengthening an economy most influence by the people seems to counterproductive, just from a common-sense point of view. Most people are barely making it, some aren't at all, and the way to fix that is by increasing our taxes to help failing businesses that give hundred of thousands of dollars in bonuses to their execs?

I am not too happy about this either.

[bowman]

I was also very upset when i came to know about this, but then i am coming to terms about it now. My uncle was a victim of this also. Even in my country, poeple feel more secure in govt. banks. Thousands are closing savings / corporate bank accounts to open fresh accounts with govt. banks on a daily basis even today.

[oo87]

So, playing Devil's advocate, do you think that there is anything positive that could come from this? By that, I mean do you think it will work at all? I am a little skeptical about the entire thing. Not that I don't think that some companies may be saved, and that will be a good thing, but I think they are helping the wrong companies. Just look at AIG and the payouts they are giving their execs. Some companies deserve to fall...

[monodave]

Some companies deserve to fall...

So who gets to decide which companies deserve to fail?

I thought free market principles stated that the market regulates itself, so according to everything the US has built on should mean that these companies should and have to fail.

[oo87]

So who gets to decide which companies deserve to fail?

I thought free market principles stated that the market regulates itself, so according to everything the US has built on should mean that these companies should and have to fail.

I think it becomes a matter of regulating the spending from this $700 billion, and to keep giving mass amounts of that money to companies that keep using it to send their executives on bonus retreats...I think that speaks for itself. Should we be paying for their vacations in a time of economic crisis? What about their employees?

[Oic]

I just don't think this $700 billion dollar bailout is going to work i think they should of thought about it alot longer

[reviewer]

One of my biggest concerns about the bailout is that they have now decided to change what we are bailing out! I don't think I should support the auto industry with my taxes.

[oo87]

One of my biggest concerns about the bailout is that they have now decided to change what we are bailing out! I don't think I should support the auto industry with my taxes.

No, especially if no one can afford to buy the cars they would be continuing to produce. I would be alright supporting auto makers if they would start investing all their energy into more environmentally friendly cars for decent prices, and if they started to also contribute to the effort of alternative fuels.

[reviewer]

The problem is that I don't feel any loyalty to a company that isn't loyal to us. They've taken plenty of jobs abroad; why should they be rewarded instead of a foreign company that brings jobs here?

[RBseatown]

I am not a big fan of the bailout myself. I think the intentions behind it were just, but the outcome is not going to be the one we desired. They definitely are confused though. Their recent ammendments and changes to the bailouts definitely have me worried about who and what they are bailing out, and with what money.

I'd hate to think that all of these tax dollars have gone to a lost cause that is going to do nothing for our economy in the long run.

[reviewer]

Agreed. It's a difficult situation with no clear answer, making it terrible to manage and to get politicians to agree upon! Everyone wants action, but no layman really understands what sort of action is constructive. So, we increase our deficit and have to pay it back when, hopefully, the economy improves, with no clear benefit to anyone but the recipients. Frustrating.