General Question

Salty's avatar

What do you think of the 700 Billion dollar loan the American Gov't is giving to its own people?

Asked by Salty (52points) September 25th, 2008
Observing members: 0 Composing members: 0

11 Answers

shilolo's avatar

As of 11 PM Pacific on 9/25/08, it hasn’t happened yet. If we (as in the American taxpayers), can get equity in the companies that come hat in hand which we can turn around an sell at a future date to “break even” or even turn a small profit, that would make some sense to me. To just give our money to the same morons who got us into this mess in the first place no strings attached is ludicrous, in my opinion.

sundayBastard's avatar

Nuke my bank account

Lightlyseared's avatar

as far as I understand it, it’s not just American banks that would benefit.

The real question is – once the debt has been wiped clean will banks start behaving ‘normally’ again? ie lending each other money at sensible rates.

blastfamy's avatar

I think that major economic reform is scheduled for after all of this is over with (ie, no more threat of Great Depression # 2). At least that’s what has been tossed around so many times after the 700B number is thrown out…

augustlan's avatar

I am absolutely sick about it. I’m so angry right now…and scared, too. I don’t think we have a choice in the matter, but it’s awful nonetheless.

tinyfaery's avatar

Maybe I should start learning Chinese.

SuperMouse's avatar

I am horrified, truly horrified. This little discussed provision freaks me out to no end. I heard yesterday that the democrats had this part removed, but who does this fellow think he is? Come on now!

This article tries to put a mind boggling amount of money in perspective in terms of what it can do for our country and our people.

This is money you and I worked for that is going to bail out these fat cat institutions run by CEO’s who pocket millions and are securely attached to golden parachutes. How about we begin funding this bailout with bonuses all these guys received of the past couple of years?

I’m holding back answering this question until I see how this shakes out.

Lightlyseared's avatar

I’m just waiting for someone to add a rider to the bill.

sundayBastard's avatar

I have always been poor so it does not matter to me. lmao

SquirrelEStuff's avatar

Im 25 and would like to thank my parents and grandparents for leaving my generation, and the many after, with such a nice debt to take care of. I guess another trillion is nothing after the first 12. Me,me,me,me,me. Thanks guys.

1minuteloans's avatar

This reallys seems to be a scary step.

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