Why can’t people get it through their heads that this is not a bailout for Wall Street bankers. A raging inferno is heading towards us and we’re worried about the idiot who started the fire.
The banks are us. It’s our savings, the stock we own in 401k’s and IRAs, they’re owned by our pension plans, the insurance companies that won’t be able to pay our medical bills or our life insurance for our surviving family because the investments went belly up. It’s what keeps the doors to our employers open, etc. We let the banking system fail and unemployment will double or triple. All of our homes will plummet in value.
It’s like asking during the Chicago Fire or the S.F Earthquake fires: “Why should I help put out the fire?”
Answer: because we’ll save ourselves.
Writing a blank check for a trillion dollars to a democrat Congress led possibly by a marxist POTUS in 4 months is something I'm not interested in.
I am with you — I don’t understand why people won’t take this seriously and want to wait to see the markets crash and retirements wiped out not to mention jobs everywhere. Plenty of time to assess blame but right now there must be a solution before the markets go into a tailspin on Monday.
It is like hitting your head against a brick wall. Americans are depending on the Congress and President to do something and the Dems are playing politics as usual and people are in here are saying no bailout. It is not a bailout for Wall Street like you said, it is a bailout for Americans and without it, it is going to be really bad.
Couldn’t have said it better myself.
Sadly, too many do not see it that way. They don’t understand, or don’t want to understand, the impact of a deflating economy.
“A raging inferno is heading towards us and we’re worried about the idiot who started the fire.”
Good analogy. Folks are screaming about the socialist aspects of this bill. Well, I hate to tell you this. Its too late. We’re screwed. Save what we can before there is a run on the banks and we are in a full fledged depression. Im not exaggerating.
I’m convinced.
Sub-Prime loans must be stopped now and an Increase in bank reserves must be instituted are we will never get out of this problem no matter the size of the bailout.
700B is not going to fix a 60T problem.
Criminal punishment can come later.
“Answer: because we’ll save ourselves.”
They don’t care.
Class warfare is more important.
They don’t fret about the money we spend securing Iraq - but cannot fathom spending anything to secure our own country.
I get that people are freaking about the particulars in the deal. The dems are trying to fund ACORN and do what libs always do.
But if nothing is done to head off a closing of the banks - then everyone pays dearly.
Let’s see how everyone feels about class warfare in another few months.