look how strong we became after the fall of '29. dont bail out anything. the people are the only ones that will lose whether THEY get the bail out or not. I'll be more willing go to prison for tax evasion before bailing out yet again the same 'ol failing system,,,,,AGAIN.
WHAT GOOD DID IT DO YOU WHEN YOU BAILED OUT THE AIRLINES NOT TOO LONG AGO ???!!! HEELLLOOO????????????
I saw this one Simpsons episode years ago that I think of every time I hear this kind of political nonsense. The presedintial candidates were abducted and taken over by aliens that wanted to enslave the planet. People discovered the switch before the elections and the aliens mocked America saying the citizens had no choice, they had to vote for one of them, that's the way the political system works. In the last scene the aliens were shown subjugating the people in slavery.
Now that the collapse has occurred, the reform roadblock built by Senate Democrats in 2005 is unforgivable.
We now know that many of the senators who protected Fannie and Freddie, including Barack Obama, Hillary Clinton and Christopher Dodd, have received mind-boggling levels of financial support from them over the years.
BOB - "Now that the collapse has occurred" - according to Paulson, we haven't even begun to see a collapse. Further to that, it seems like an enormous deja vu. Fear, Uncertainty, Doubt being espoused by a republican regime. Isn't this a lot like - "he's got weapons"? IF we have a collapse, and IF we go into a depression, THEN government can create back to work programs and other needed programs. This pre-emptive attack behavior is insane. Last I looked, no one held the crystal ball.
McCain's experience is not the type of experience any normal, reasonable & competent human being would like to bring to the Oval Office. He's full of anger, unpredictable & can snap at any time. Is this the man you want to put in charge of Americans Nukes, the military & a battered economy that he has helped to run to the ground? He does not support equal pay for women & does not want women to have the right to choose even when raped! He said the new GI Bill was too generous to our soldiers.
yea being poor in Chicago working in community service isn't main street. Dude get real. Obama knows what it means to struggle he's really only recently gotten rich via books, and he isn't that rich. Barely a millionaire right now.
McStain's campaign has been teetering on edge for weeks, but now it's all over. Instead of continuing to lie and humiliate himself and the Republican Party it would be more honorable to just quietly step away. But I don't imagine that will happen. My company is full of Republican supporters, but they're too embarrassed by McCain's cowardly lies and stupidity to announce in public any encouragement for McStain's election. The only people who defend this idiot hide anonymously behind YouTube.
But if you look at the voting record, Obama/Biden vote for much more pork than McCain. If you want to cut the deficit, McCain looks like the man. Also, Obama voted "present" 130 times. He doesn't seem like a good decision-maker.
two wars that cost close to 1 trillion now they want another 700 billion. I will tell you this much it is well past time for us the people to say no damn more. You pass this bill congress you will fine your self with out a job.
the conventions are over... but not the 'crisis'... and of course the VOTING isn't over yet either!
in fact it now looks like the 3rd paty candidates are the only 'Alternatives' to the two corporate parties who basically represent the same interests.
'Candidates & the bail out'?? C'mon... There's more than TWO candidates (TheRealNews really should realise THAT by now)!!
I have just learnt that John McCain has suspended his campaign to concentrate on the economic crisis! McCain is a CUNT! Who is he kidding? He and the Republican Party made the mess and now he wants to suspend his campaign to fix the problem! I thought we have a President in the Oval Office and, his name is not John McCain. Oh, now I get it, McBush. This old guy thinks Americans are so thick that he can simply mess with our minds and get away with it. I think not. Don't be fall for it this time
"The More You Earn The Less Your Vote Counts and Vice Versa" instead of "1-Person 1-Vote" is the only solution to America and the rest of the world's problem. VOTE SIZING is the name of this reform. Find out more on the search engine.
Ron Paul was the only solution to America's problems & like the spoonfed, TV watching, sheep most Americans are, they voted for an idiotic puppet. Neither McCain or Obama will solve anything. There is no real difference between the two.
giving a single indiviual 1 trillion dollars? first time in history? bullllllllshit. the idiot congress gave bush the green light to DO WHAT EVER HE WANTED concerning iraq. and that war will be costing us far more than 1 trillion dollars.
The Real News is very biased against free-market capitalism by attempting to group candidates like Reagan,Bush,Bush and McCain as people who represent this economic philosophy. They are corporate fascists, they raised taxes and spending. De-regulation is good but if there is fraud the court systems should force recompense, not useless corporatist oversights like the FDA or the FED.
FBI Seeks Fraud in Companies' Collapse The FBI is investigating four major U.S. financial institutions whose collapse helped trigger a $700 billion bailout plan by the Bush administration, The Associated Press has learned. Two law enforcement officials said Tuesday the FBI is looking at potential fraud by mortgage finance giants Fannie Mae and Freddie Mac , and insurer American International Group Inc.
Mmmmm...Paul Volcker AND Robert Rubin!!?? BOTH Trilateralists and both proponents of global corporatism! No fucking thanks. They can go rub fistfulls of money all over each other until they collapse, shuddering in post-orgasmic bliss, their vulnerable and weak bodies embracing with all of their sweaty, tiny might.
The proposed bailout will save businesses from collapse but will do nothing to help people stay in their homes. If mass evictions are not prevented the bailout, the economy will sink even lower and more corporate welfare will be needed. Perhaps this is the idea.
Sounds awfully like the S&L bailout the Republican administration foisted on the American people 2 decades ago. Only a lot more zeros are involved this time.
McCain was all for deregulation previously now he's singing a new tone - what a joke!
The financial condition of this country (at the New York money-center level) is in a crisis, and our senior leadership is frightened, incompetent, and compromised. Is it time for a general strike IN THE USA? Message: Shut down the country if Congress passes the Fat Cat One-Trillion $ Bailout.
Does anyone have websites or contacts re: mass movements to stop this bailout?
they can talk about deregulation being a republican trait, when John Mccain supports the irs, Fed and, department of education, amoung other government institutions. thats like saying a non violent person will never attack anyone, unless using a weapon which was used before to do harm.
If we were really talking about deregulation, it would have government in a restrained, constitutional role, of protecting each the individual citizen freedoms, from others and the government itself.
RealNews, you guys are starting to lose some credibility with me (and I think a decent portion of your subscribers in general). Obama is certainly the lesser of two evils but he isn't the angel I feel you guys make him out to be. He has no plan for the truly historic catastrophe that's headed America's way. All he can offer is ridicule of McCain when his best approach is a little bit of extra taxing and not addressing the terribly deep flaws in the economic and political systems. Another suit.
So...McCain is concerned with a legal, financial decision that would give one person the ability to spend $1 trillion, but the illegal invasion of a sovereign nation that will cost tax payers $1.9 trillion, initiated by a single person, was ok?
Btw, I love you guys. I'm SOOOOOO glad SOMEONE is televising (sort of ;P) the economic reality of this situation: if Congress bails the market out, the rich people who caused this problem are the ONLY ones who will benefit.
There is an easy to solve this problem. The money is still in the system somewhere & the US govt should start looking into the personal bank accounts of these Wall Street reckless bankers & their CEO's. Get them to repay all their bonuses, repossess anyone with more than one house, confiscate their Ferraris, private jets & yacht, grab their overseas bank account & put a repayment mortgage on the losses they have made in their careers. Very simple, enjoyed the good times & it's payback time!
SINCE 1992 THE OFHEA WAS PAID OVER 65 MILLION a year TO SUPERVISE THE GOVERNMENT OVERSIGHT OF just 2 corporations FANNY MAY AND FREDDY MAC.........AND THEY REPORTED TO CONGRESS a clean record, no problems......
I call upon each US CITIZEN that can afford the cost TO SUE every worker at OFHEO Separately just to kill them in Legal Fees
The Federal Reserve Bank is owned by private bankers - They owe their duty to their shareholders; not the USA!
It benefits them to get the US economy addicted to free flowing cash; they know they'll always get paid back with interest
That's why they bribed Senators in 1913 to (illegally) create an income tax on unapportioned wages - So they can use that same income tax to guarantee payback
US Constitution specifically forbade allowing anyone but Congress to print money - Thanks Pres Wilson!
I couldn't disagree more - ya - he's a "market" guy - that's the problem. The "market" means golden parachutes for the elite and a royal screwing for the people.
We need to stop delaying the recession instead of trying to delay it by going further in debt. It's only prolonging the problem.
jbryant, i understand your point. the truth is that these money are into buying up property in your homeland. NOT loss into overseas. As long as you can maintain the value of US$ after the investment (see my comment below) the people of America will eventually benefit from it.
But that's the fallacy of the bailout - it DESTROYS the dollar through inflation. in 1 week we have doubled the national debt and cut the valued of the dollar by half (in reality - not the phony money market).
China is already calling for a new financial "world order"saying they want another currency (probably international) as the standard.
inflation only hurts the poor and middle class because money always goes to the rich first, and the dollars you have saved are now not worth the same amount. Should government have the power to control growth? Let the free market decide!
cooll6, what you say about inflation is true. people who owns property will not suffer that much. That is why I said controlled inflation is good, not run away inflation.
knowing the problem, fix it. Enron's case can be fixed by having more transparency. In fact a lot of today's market problem can be fixed by having more transparency.
All these problem must be address after the immediate problem is solved.
The sloganeering of the concepts called "Free Market" or "Free Trade" are gimmicks & frauds perpetrated on America while Corporations run the Governments and control the Media by squeezing out competition, monopolizing, bankrupting and looting the Treasury. Screwing the shareholders and passing the debt off to the further enslaving tax payers.
What does the sloganeering of "No taxation without Representation" really mean when Corporations and extreme special interest are running the Government.
Observation: I'm on the outside looking in, not only is the US dollar going to 0, the whole fricken paper money system is going to 0. I won't decide this, the market does. If you take a conterfiet note, who's stuck with it. That's my point, no value in paper that is represented by the government that 's printing it. Gold and Silver is a store of value, paper is a store of ass wipe. Your found fathers were intelligent, the present administration is brain dead.
I spent the last two days watching the talking heads rant about the bailout. I saw not 1 single representative of the administration present to defend the policy. WHERE IS THE PRESIDENT?
someone once said on one of these blogs... "the real liberal news" they must be right... Are option for president is one... and the name is [McObamain]
OH, help me, help me, I just can't seem to take care of myself and I really need the nanny state to rescue me, tell me how to live, manage my money, control my spending, tell me what to think, how to live. Oh, woe is me without my nanny state. RON PAUL for PRESIDENT!
Face it! If you think that $700 billion way is bad, do you have better plans that will work?
That is the trouble with people. Saying no it won't work is easy. The market place cannot wait while you think of a solution. Each passing day would make that $700 billion plan less workable.
If the US socializes bad debt of corrupt companies, how about we socialize the profits of Exxon and Big Oil? That should offset each other and we'll call it even. Buying bad loans: great idea... Socialized health care for the average Joe.... can't do that!(Sarcasm) Lesson 1: When you're broke -don't spend 700 billion+ for a pile of stinking crap. Lesson 2: Hold the people who ran these companies accountable, DON'T give them golden parachutes. Lesson 3: Regulate banking in the future.
Your 3 lessons are true only if your US$ remain the same value. The reality is that when the market collapse, (1) US$ might not have anymore value at all. (2) families cannot pay up because market value of their home drop too much (3)More bank collapse and people on the streets loss their savings and loss their insurance.
I should think at the very least they could eliminate the golden billionaire parachutes -then prosecute for gross negligence and fraud on the part of the Executives within these defunct companies. Printing dollars has the effect of devaluation. In fact, printing 1 trillion+ for bailouts just done in 2008 will most likely shave 15-25% off the value of the dollar. When people can't pay we have something called BANKRUPTCY. It goes for corporations too. This should not be the Taxpayers burden.
US dollar has a different status from other currencies that are backed by Gold. That is why printing US dollar might not necessarily devalue the currency. It is the confident people have on America to creates the value of dollar.
I am totally disappointed with the way things are working out right now. Too much politics is not healthy to America and its people. Definitely not good for people in the streets.
Let the banks be cannibalized by other banks who buy it for what it's worth. Right now you've got these CEO's telling the Gov't what terms they want -it should be the other way around. You shouldn't get to sink a company and walk away with billions, whilst sticking someone else with the bill. They made the loans knowing full well what they were doing -now they should deal with it. If their investors were lied too -they should talk to those who screwed them -not the tax payer!
eh.. why is this "Real News" any different than watching the mainstream media? Where is mention of where Nader, Baldwin, and Barr stand on this issue? ... or do you just want to keep the masses voting for the two corrupt parties that got us into this mess?
TheRealNews is good on foreign policy issues; clueless on economics. They really need to pull up their socks on this, as economic policy has a DIRECT CORRELATION to foreign policy. Frustrating.
eh.. why is this "Real News" any different than watching the mainstream media? Where is mention of where Nader, Baldwin, and Barr stand on this issue? ... or do you just want to keep the masses voting for the two corrupt parties that got us into this mess?
Let it burn. No bailouts. We need market correction. Housing has to come down. Wall street needs to come down. RE-regulate and regulate HEAVILY. We need to ABOLISH THE FED & make Congress go back to regulating the currency. Congress could then offer low or no interest loans to industry & business to get the economy flowing again and allow people to renegotiate the terms of their loans. We could go from a debtor nation/economy to a producer nation/economy.
Debt driven economy from who do people borrow? From themselves, from their own future income...
Because the housing has become a stock market commodity and hence the value of the housing is inflated, people are forced into taking huge mortgages and by doing so they financially enslave themselves for the rest of their lives. The stock markets are gambling with peoples lives for the sake of greed
As the people are ripped-off of all their money at some point the entire system collapses...
Or oligarchy, economic feudalism, whatever, it's the same old "I was born wealthy so screw the rest of You lowborn plebs" attitude that has plagued mankind forever.
This has been flagged as spam show
Fed policy is designed to impoverish Americans and transferring the wealth to asia, by pumping dollars for Americans to consume and Aasia to produce.
SilverRose09 2 years ago
look how strong we became after the fall of '29. dont bail out anything. the people are the only ones that will lose whether THEY get the bail out or not. I'll be more willing go to prison for tax evasion before bailing out yet again the same 'ol failing system,,,,,AGAIN.
WHAT GOOD DID IT DO YOU WHEN YOU BAILED OUT THE AIRLINES NOT TOO LONG AGO ???!!! HEELLLOOO????????????
GO RON PAUL/ CHUCK BALDWIN '08 !!!!!
crashoppe 3 years ago
I saw this one Simpsons episode years ago that I think of every time I hear this kind of political nonsense. The presedintial candidates were abducted and taken over by aliens that wanted to enslave the planet. People discovered the switch before the elections and the aliens mocked America saying the citizens had no choice, they had to vote for one of them, that's the way the political system works. In the last scene the aliens were shown subjugating the people in slavery.
mkprintz 3 years ago 2
Now that the collapse has occurred, the reform roadblock built by Senate Democrats in 2005 is unforgivable.
We now know that many of the senators who protected Fannie and Freddie, including Barack Obama, Hillary Clinton and Christopher Dodd, have received mind-boggling levels of financial support from them over the years.
bob4this 3 years ago
BOB - "Now that the collapse has occurred" - according to Paulson, we haven't even begun to see a collapse. Further to that, it seems like an enormous deja vu. Fear, Uncertainty, Doubt being espoused by a republican regime. Isn't this a lot like - "he's got weapons"? IF we have a collapse, and IF we go into a depression, THEN government can create back to work programs and other needed programs. This pre-emptive attack behavior is insane. Last I looked, no one held the crystal ball.
nlightnd07 3 years ago
This has been flagged as spam show
McCain's experience is not the type of experience any normal, reasonable & competent human being would like to bring to the Oval Office. He's full of anger, unpredictable & can snap at any time. Is this the man you want to put in charge of Americans Nukes, the military & a battered economy that he has helped to run to the ground? He does not support equal pay for women & does not want women to have the right to choose even when raped! He said the new GI Bill was too generous to our soldiers.
Buzzmasterflash 3 years ago
Obama has absolutely no ties to "Main Street"... he wouldn't even know what the term was if it weren't for his speech writers... what a puppet...
VOTE FOR ME!
stewie84 3 years ago
yea being poor in Chicago working in community service isn't main street. Dude get real. Obama knows what it means to struggle he's really only recently gotten rich via books, and he isn't that rich. Barely a millionaire right now.
lordblazer 3 years ago
mccain is 100% socialist
obama is 99% communist.
rosewood223 3 years ago
Rosewood
and the american people are 110% Fu@ked
ScarletLetterR 3 years ago
Mcsame Mcbush wahever
Gwenlj 3 years ago
This is just another plot to rig the elctions so Mccain wins.
Wanna place bets he wins? I guarentee it! and I'm for Obama.
nigletgook 3 years ago
McStain's campaign has been teetering on edge for weeks, but now it's all over. Instead of continuing to lie and humiliate himself and the Republican Party it would be more honorable to just quietly step away. But I don't imagine that will happen. My company is full of Republican supporters, but they're too embarrassed by McCain's cowardly lies and stupidity to announce in public any encouragement for McStain's election. The only people who defend this idiot hide anonymously behind YouTube.
pig5689 3 years ago
But if you look at the voting record, Obama/Biden vote for much more pork than McCain. If you want to cut the deficit, McCain looks like the man. Also, Obama voted "present" 130 times. He doesn't seem like a good decision-maker.
CloeBuckingham 3 years ago
two wars that cost close to 1 trillion now they want another 700 billion. I will tell you this much it is well past time for us the people to say no damn more. You pass this bill congress you will fine your self with out a job.
pewpewmigoo 3 years ago
They don't really have a choice, unless you like the alternative. But we all know what happened in 1929.
CloeBuckingham 3 years ago
The Republicans should dump Mc'Cain & adopt Ron Paul as their candidate... at least Ron Paul understands economics!
ejbh3160 3 years ago
Amen. Check out this guys letter to Congress.
John P. Hussman, Ph.D.
President, Hussman Investment Trust
qzg1265 3 years ago
Unfortunately, the convention is over.
CloeBuckingham 3 years ago
the conventions are over... but not the 'crisis'... and of course the VOTING isn't over yet either!
in fact it now looks like the 3rd paty candidates are the only 'Alternatives' to the two corporate parties who basically represent the same interests.
'Candidates & the bail out'?? C'mon... There's more than TWO candidates (TheRealNews really should realise THAT by now)!!
ejbh3160 3 years ago
So, when do we take to the streets and Riot against these Thugs who are taking us down !! It's all going to plan folks with the NWO..
MasterMark123 3 years ago
I have just learnt that John McCain has suspended his campaign to concentrate on the economic crisis! McCain is a CUNT! Who is he kidding? He and the Republican Party made the mess and now he wants to suspend his campaign to fix the problem! I thought we have a President in the Oval Office and, his name is not John McCain. Oh, now I get it, McBush. This old guy thinks Americans are so thick that he can simply mess with our minds and get away with it. I think not. Don't be fall for it this time
Buzzmasterflash 3 years ago
If you think about McCain's voting record, you would see that he has voted against pork barrel spending. You can't blame him for the deficit.
CloeBuckingham 3 years ago
Fuck TV!
milliradian 3 years ago 3
"The More You Earn The Less Your Vote Counts and Vice Versa" instead of "1-Person 1-Vote" is the only solution to America and the rest of the world's problem. VOTE SIZING is the name of this reform. Find out more on the search engine.
VoteSizingSteve 3 years ago
Nutter.
CloeBuckingham 3 years ago
COUNCIL FOR CITIZENS AGAINST GOVERNMENT WASTE 2007 Lifetime
Illinois Obama (D) 10% 18% (Grade F)
Arizona McCain (R) 100% 88% (Grade A)
California Boxer (D) 3% 12% (Grade F)
Delaware Biden (D) 0% 22% (Grade F)
California Feinstein (D) 3% 16% (Grade F)
Connecticut Lieberman (I) 6% 21% (Grade F)
CloeBuckingham 3 years ago
Ron Paul was the only solution to America's problems & like the spoonfed, TV watching, sheep most Americans are, they voted for an idiotic puppet. Neither McCain or Obama will solve anything. There is no real difference between the two.
Dedhedted71 3 years ago
don't forget about voting for ron paul!
aires12345678 3 years ago
giving a single indiviual 1 trillion dollars? first time in history? bullllllllshit. the idiot congress gave bush the green light to DO WHAT EVER HE WANTED concerning iraq. and that war will be costing us far more than 1 trillion dollars.
aviloud 3 years ago
The Real News is very biased against free-market capitalism by attempting to group candidates like Reagan,Bush,Bush and McCain as people who represent this economic philosophy. They are corporate fascists, they raised taxes and spending. De-regulation is good but if there is fraud the court systems should force recompense, not useless corporatist oversights like the FDA or the FED.
ferrozm 3 years ago
Somehow I don't believe any agency will uncover the highest levels of this fraud.
lightleague 3 years ago
Finally someone who understands that this is fascism and not socialism.
skeetrosauce 3 years ago
FBI Seeks Fraud in Companies' Collapse The FBI is investigating four major U.S. financial institutions whose collapse helped trigger a $700 billion bailout plan by the Bush administration, The Associated Press has learned. Two law enforcement officials said Tuesday the FBI is looking at potential fraud by mortgage finance giants Fannie Mae and Freddie Mac , and insurer American International Group Inc.
myebuzzdotcom 3 years ago
Standard operating procedure.
j0hnwi11iams 3 years ago
ALL CANDIDATES ARE OWNED
mialst 3 years ago
I don't really know why were in an economic crisis.
Why are we in an economic crisis?
yay1912 3 years ago
because you have been playing too much computer games.
97pattan 3 years ago
havent we learned any thing in the past 8 years,,, Goerge bush doest know what he is doing
RAPMONSTAR 3 years ago
Mmmmm...Paul Volcker AND Robert Rubin!!?? BOTH Trilateralists and both proponents of global corporatism! No fucking thanks. They can go rub fistfulls of money all over each other until they collapse, shuddering in post-orgasmic bliss, their vulnerable and weak bodies embracing with all of their sweaty, tiny might.
ready2ruckk 3 years ago
Fuck both of the douche bags running for the 2 major parties, i'll be voting for bob barr of the libertarian party!
Kras3169 3 years ago
What about the crooks on Wall Street? Noone's saying a thing about them. And they aren't just crooks, they're traitors!
jdtrickster4 3 years ago 2
The proposed bailout will save businesses from collapse but will do nothing to help people stay in their homes. If mass evictions are not prevented the bailout, the economy will sink even lower and more corporate welfare will be needed. Perhaps this is the idea.
mcresearch 3 years ago
Sounds awfully like the S&L bailout the Republican administration foisted on the American people 2 decades ago. Only a lot more zeros are involved this time.
McCain was all for deregulation previously now he's singing a new tone - what a joke!
mightym1 3 years ago
The financial condition of this country (at the New York money-center level) is in a crisis, and our senior leadership is frightened, incompetent, and compromised. Is it time for a general strike IN THE USA? Message: Shut down the country if Congress passes the Fat Cat One-Trillion $ Bailout.
Does anyone have websites or contacts re: mass movements to stop this bailout?
bboucharde 3 years ago
Two-horse races are always so painful to watch...especially when people describe them as "democratic".
blackiron60 3 years ago
they can talk about deregulation being a republican trait, when John Mccain supports the irs, Fed and, department of education, amoung other government institutions. thats like saying a non violent person will never attack anyone, unless using a weapon which was used before to do harm.
If we were really talking about deregulation, it would have government in a restrained, constitutional role, of protecting each the individual citizen freedoms, from others and the government itself.
Nosbigydoc 3 years ago
I am so sorry.....
But I object to the idiots who rally behind the democrats based on the republicans weaknesses.......
You are so weak and disinformed.
Do you realize the Majority of people do not Vote?
Do you realise Voting Republican out of hate for the Democrats is not "your vote"?
neither is it "your Vote" to Vote Democrat because of the Evil reasons among republicans.
They are the same monster with 2 masks.
Vote "Your Vote" to best represent you.
Explore the 3rd party's.
slammah2012 3 years ago
Wow the real news should probably not have the name real news
Dwerncke 3 years ago
We are being swindled...again!
hajqbvii 3 years ago
LOOK AROUND! Republicrats RESPONSIBLE!
THE FEDERAL RESERVE IS THE PROBLEM!
Fire them all! Vote 3rd Party.
Tell a friend.
chewbaca1989 3 years ago
RealNews, you guys are starting to lose some credibility with me (and I think a decent portion of your subscribers in general). Obama is certainly the lesser of two evils but he isn't the angel I feel you guys make him out to be. He has no plan for the truly historic catastrophe that's headed America's way. All he can offer is ridicule of McCain when his best approach is a little bit of extra taxing and not addressing the terribly deep flaws in the economic and political systems. Another suit.
delerium2k 3 years ago
If you have seen any of the earlier RealNews stuff, you'll see that they have been very good at showing what Obama truly is about.
However I'm a bit annoyed that they're not covering other candidates in a coverage such as this - atleast mention their stand.
YuriKenobi 3 years ago
If McBush was not running he would be all for it.
Lungyao1 3 years ago 2
So...McCain is concerned with a legal, financial decision that would give one person the ability to spend $1 trillion, but the illegal invasion of a sovereign nation that will cost tax payers $1.9 trillion, initiated by a single person, was ok?
Btw, I love you guys. I'm SOOOOOO glad SOMEONE is televising (sort of ;P) the economic reality of this situation: if Congress bails the market out, the rich people who caused this problem are the ONLY ones who will benefit.
GyrinidaeRex 3 years ago 4
Is it just me that thinks it's fucked that Paulson is former CEO of Goldman Sach's?? Best interest of tax payers my fuckin ass!
fatmoleman 3 years ago 4
economic armageddon
powerslave71 3 years ago
Now check artist Josignacio painting
ArtCuba 3 years ago
There is an easy to solve this problem. The money is still in the system somewhere & the US govt should start looking into the personal bank accounts of these Wall Street reckless bankers & their CEO's. Get them to repay all their bonuses, repossess anyone with more than one house, confiscate their Ferraris, private jets & yacht, grab their overseas bank account & put a repayment mortgage on the losses they have made in their careers. Very simple, enjoyed the good times & it's payback time!
Buzzmasterflash 3 years ago
SINCE 1992 THE OFHEA WAS PAID OVER 65 MILLION a year TO SUPERVISE THE GOVERNMENT OVERSIGHT OF just 2 corporations FANNY MAY AND FREDDY MAC.........AND THEY REPORTED TO CONGRESS a clean record, no problems......
I call upon each US CITIZEN that can afford the cost TO SUE every worker at OFHEO Separately just to kill them in Legal Fees
ubuibiok 3 years ago
"We're not getting a socialist president this time around" Lol
Fullmetalpizza 3 years ago 3
Seriously dude!
Get with the program: Get a second citizenship!
Time for people to be "self reliant"!
sugarpuddin88 3 years ago
The Federal Reserve Bank is owned by private bankers - They owe their duty to their shareholders; not the USA!
It benefits them to get the US economy addicted to free flowing cash; they know they'll always get paid back with interest
That's why they bribed Senators in 1913 to (illegally) create an income tax on unapportioned wages - So they can use that same income tax to guarantee payback
US Constitution specifically forbade allowing anyone but Congress to print money - Thanks Pres Wilson!
sugarpuddin88 3 years ago
Bottom line is, PRAY for a honest government to come to this land.
97pattan 3 years ago
97pattan - Bottom line is pray?!
Gimme a break!
9 May 07 HSPD51 literally makes lil' Bush dictator
HR5122 removed Posse Comitatus & allows the lil' Bush to wage war on the people
Don't you think it's a little too late to "Stand Up"?!
Seriously dude!
Get with the program: Get a second citizenship!
Time for people to be "self reliant"!
sugarpuddin88 3 years ago
getting a singaporean citizenship after college :D
lordblazer 3 years ago
lord - you'll be in great company
Wall Street Billionaire, Jim Rogers, took his family to live there!
What an extraordinary place!
Bravo!
sugarpuddin88 3 years ago
It's time people stop hiding behind religion, governments, mothers, and others -- Stand tall live life on your own!
sugarpuddin88 3 years ago
hahaha...pray need not be taken in literal sense. Don't be so sensitive. Pray = wish.
97pattan 3 years ago
SUCKERS!!
tattypatty 3 years ago
Paulson's plan should work just fine actually. But with delay, it might not work anymore at later time.
Trust him, he is a market guy. He knows what he is doing. The balance sheet will be better off with his plan than otherwise.
97pattan 3 years ago
I couldn't disagree more - ya - he's a "market" guy - that's the problem. The "market" means golden parachutes for the elite and a royal screwing for the people.
We need to stop delaying the recession instead of trying to delay it by going further in debt. It's only prolonging the problem.
jbryant13 3 years ago
jbryant, i understand your point. the truth is that these money are into buying up property in your homeland. NOT loss into overseas. As long as you can maintain the value of US$ after the investment (see my comment below) the people of America will eventually benefit from it.
97pattan 3 years ago
But that's the fallacy of the bailout - it DESTROYS the dollar through inflation. in 1 week we have doubled the national debt and cut the valued of the dollar by half (in reality - not the phony money market).
China is already calling for a new financial "world order"saying they want another currency (probably international) as the standard.
jbryant13 3 years ago
Inflation is not totally bad. If kept under control, inflation is actually necessary for growth.
Trouble with the market is that they tend to swing too far and that hurts, making inflation looks real bad.
97pattan 3 years ago
inflation only hurts the poor and middle class because money always goes to the rich first, and the dollars you have saved are now not worth the same amount. Should government have the power to control growth? Let the free market decide!
cooll6 3 years ago
cooll6, what you say about inflation is true. people who owns property will not suffer that much. That is why I said controlled inflation is good, not run away inflation.
97pattan 3 years ago
yeah, it worked wonders for Enron.
suexian 3 years ago
knowing the problem, fix it. Enron's case can be fixed by having more transparency. In fact a lot of today's market problem can be fixed by having more transparency.
All these problem must be address after the immediate problem is solved.
97pattan 3 years ago
The way to solve the problem is not bail out the huge companies! the people will pay in the end, is that right?
cooll6 3 years ago
if the market fail, properties devalue, banks collapse, insurance company close doors, who pays in the end? who are the ones that suffer?
The rich don't mind not getting richer, but the poor cannot afford to get poorer!
97pattan 3 years ago 2
The politicians are playing politics with the market! omg!
97pattan 3 years ago
36 Lyndon Baines Johnson,
37 Richard Milhous Nixon,
38 Gerald Rudolph Ford Jr
39 James Earl Carter,
40 Ronald Wilson Reagan,
41 George Herbert Walker Bush,
42 William Jefferson Clinton,
43 George W. Bush,
44........Maybe THIS time an honest, decent, intelligent selfless.....!!!!!!Don't hold your breath. They are P O L I T I C I A N S !!
mushroomagicman 3 years ago
The sloganeering of the concepts called "Free Market" or "Free Trade" are gimmicks & frauds perpetrated on America while Corporations run the Governments and control the Media by squeezing out competition, monopolizing, bankrupting and looting the Treasury. Screwing the shareholders and passing the debt off to the further enslaving tax payers.
What does the sloganeering of "No taxation without Representation" really mean when Corporations and extreme special interest are running the Government.
dustynbones 3 years ago
Observation: I'm on the outside looking in, not only is the US dollar going to 0, the whole fricken paper money system is going to 0. I won't decide this, the market does. If you take a conterfiet note, who's stuck with it. That's my point, no value in paper that is represented by the government that 's printing it. Gold and Silver is a store of value, paper is a store of ass wipe. Your found fathers were intelligent, the present administration is brain dead.
boots920 3 years ago
I spent the last two days watching the talking heads rant about the bailout. I saw not 1 single representative of the administration present to defend the policy. WHERE IS THE PRESIDENT?
facelesshorseman 3 years ago
At this point whats another trillion,
quick mr bush only 4 months left to steal it for your fat banker friends, they always have the best parties.
The dollar bills need to be edited to,
"whoever dies with the most cash wins."
Can't wait til the new first lady
changes the curtains all over again.
Make sure their house is extra cosy,
while the people starve and have no homes.
qizalia 3 years ago 2
someone once said on one of these blogs... "the real liberal news" they must be right... Are option for president is one... and the name is [McObamain]
Rosetteismyname 3 years ago
This has been flagged as spam show
Let them eat cake....
mpost81 3 years ago
"The Great American Fleecing of 08"
Signzit 3 years ago 4
OH, help me, help me, I just can't seem to take care of myself and I really need the nanny state to rescue me, tell me how to live, manage my money, control my spending, tell me what to think, how to live. Oh, woe is me without my nanny state. RON PAUL for PRESIDENT!
bbburton 3 years ago
Face it! If you think that $700 billion way is bad, do you have better plans that will work?
That is the trouble with people. Saying no it won't work is easy. The market place cannot wait while you think of a solution. Each passing day would make that $700 billion plan less workable.
97pattan 3 years ago
If the US socializes bad debt of corrupt companies, how about we socialize the profits of Exxon and Big Oil? That should offset each other and we'll call it even. Buying bad loans: great idea... Socialized health care for the average Joe.... can't do that!(Sarcasm) Lesson 1: When you're broke -don't spend 700 billion+ for a pile of stinking crap. Lesson 2: Hold the people who ran these companies accountable, DON'T give them golden parachutes. Lesson 3: Regulate banking in the future.
darkkittycry 3 years ago
Your 3 lessons are true only if your US$ remain the same value. The reality is that when the market collapse, (1) US$ might not have anymore value at all. (2) families cannot pay up because market value of their home drop too much (3)More bank collapse and people on the streets loss their savings and loss their insurance.
97pattan 3 years ago
I should think at the very least they could eliminate the golden billionaire parachutes -then prosecute for gross negligence and fraud on the part of the Executives within these defunct companies. Printing dollars has the effect of devaluation. In fact, printing 1 trillion+ for bailouts just done in 2008 will most likely shave 15-25% off the value of the dollar. When people can't pay we have something called BANKRUPTCY. It goes for corporations too. This should not be the Taxpayers burden.
darkkittycry 3 years ago
US dollar has a different status from other currencies that are backed by Gold. That is why printing US dollar might not necessarily devalue the currency. It is the confident people have on America to creates the value of dollar.
I am totally disappointed with the way things are working out right now. Too much politics is not healthy to America and its people. Definitely not good for people in the streets.
97pattan 3 years ago
Let the banks be cannibalized by other banks who buy it for what it's worth. Right now you've got these CEO's telling the Gov't what terms they want -it should be the other way around. You shouldn't get to sink a company and walk away with billions, whilst sticking someone else with the bill. They made the loans knowing full well what they were doing -now they should deal with it. If their investors were lied too -they should talk to those who screwed them -not the tax payer!
darkkittycry 3 years ago
I agree that CEO shouldn't be paid too much with that bail out money. There should be some control on this.
97pattan 3 years ago
socialism for the rich - free markets for the masses
jakob0815 3 years ago 10
whick means cake for the rich and mudpies for the masses
VirtuousPornographer 3 years ago
watch?v=K165YXceYyk
october surprise
call your reps today.
iTellYouNoLie 3 years ago
eh.. why is this "Real News" any different than watching the mainstream media? Where is mention of where Nader, Baldwin, and Barr stand on this issue? ... or do you just want to keep the masses voting for the two corrupt parties that got us into this mess?
mikevid3124 3 years ago 3
TheRealNews is good on foreign policy issues; clueless on economics. They really need to pull up their socks on this, as economic policy has a DIRECT CORRELATION to foreign policy. Frustrating.
Chloe0418 3 years ago
eh.. why is this "Real News" any different than watching the mainstream media? Where is mention of where Nader, Baldwin, and Barr stand on this issue? ... or do you just want to keep the masses voting for the two corrupt parties that got us into this mess?
mikevid3124 3 years ago
This was all Pre planned! Problem, Reaction, Solution over and over again!! They Love playing this tactic..
AiresQX4 3 years ago 4
Let it burn. No bailouts. We need market correction. Housing has to come down. Wall street needs to come down. RE-regulate and regulate HEAVILY. We need to ABOLISH THE FED & make Congress go back to regulating the currency. Congress could then offer low or no interest loans to industry & business to get the economy flowing again and allow people to renegotiate the terms of their loans. We could go from a debtor nation/economy to a producer nation/economy.
FattKidd 3 years ago 4
Debt driven economy from who do people borrow? From themselves, from their own future income...
Because the housing has become a stock market commodity and hence the value of the housing is inflated, people are forced into taking huge mortgages and by doing so they financially enslave themselves for the rest of their lives. The stock markets are gambling with peoples lives for the sake of greed
As the people are ripped-off of all their money at some point the entire system collapses...
abilityoflove 3 years ago
McCain is concerned that one person has a power to spend one trillion dollars without any meaningful accountability...
Well good morning John, and welcome to plutocracy.
abilityoflove 3 years ago
Or oligarchy, economic feudalism, whatever, it's the same old "I was born wealthy so screw the rest of You lowborn plebs" attitude that has plagued mankind forever.
Bocbo 3 years ago