Quote:
Originally Posted by nickycakes
There will be more bailouts, there will be some companies going under. We'll likely end up with several very large, much more regulated entities doing the vast majority of the business and we'll likely be better off. This won't be settled within the next 10 years though, that's for sure.
Yes, the economy is fucked right now. Yes, Bush's did quite a lot to fuck it up. The subprime shit really really fucked us, and it's quite sad to see the state of things in many parts of the midwest where there are literally ghost towns where people just said fuck it and left the keys in the mailbox for the bank.
Sadly, there are many who have been getting absolutely filthy rich because of all this, and these are the same people who paid for bush's campaigns and are currently funding mccains. So if you care about this stuff at all (and you should), please DO RESEARCH and go vote.
|
If you're implying that Obama is going to fix the mess that we're in, you're living in some sort of fantasy world.
This isn't a republicrat issue. Blaming the economic downfall of the nations largest financial institutions on any one particular person or political party doesn't work.
Everyone is to blame for this mess: the consumers for taking out loans they couldn't afford; the mortgage companies for underwriting these loans; and the fanny mae's and freddie mac's for buying this debt.
This 'bailout' is complete bullshit and is only adding to the facade that America is a prosperous nation... we bailed out companies that failed with money that doesn't exist. How much crazier does it get?
The money does not fucking exist. It's not there. We're already 9.5 trillion in debt; let's just add another 1.1... Who's counting?
YouTube - I.O.U.S.A. Movie Trailer