Bailout must be combined with structural reform

[arzoyan]

World capitalism is the monetary exploitation,suppression and dehumanisation of the working class. A destructive socio-econmic minority imposition where CORPORATIONS and STATES have emerged as the dominant institutions of power and control. Capitalism is the process of ABSTRACT CAPITAL ACCUMULATION in a market mechanism of artificial scarcity and wage slavery. A moneyless,classless,stateless humanity sharing the EARTH IN COOPERATION is the only SANITY FOR HUMANITY.

[379110119]

ANY GUYS UP?

CAN SOMEONE PLEASE TALK TO ME a1

[123dramaqueen]

looking for friends

this video was good Rq

[stangeriam]

The bailout will only cause hyper-inflation and the collapse of the dollar.

[samdonuge]

what happened to LEFT BUSINESS OBSERVER. they no longer have radio archive. it's great.

[TheStoicAgnostic]

the government only has to save a few major banks

it's almost like taking financial services of the CFR and eventually putting them as one.

If only the few major banks are saved they can merge into one or one can dominant the few others

bush administration is out soon so maybe they're trying to scheme on something before they go

maybe

i try to remember i have no control of what the government does so it's probably better to ignore all of this stuff

[hamechicoloft]

Lets see how long they can drag this out for.

Prepare for revote - stocks go up.

Bailout rejected - stocks fall.

Prepare for revote - stocks go up.

Bailout rejected - stocks fall.

Seems very predictable. With some insider info, someone could be making a nice pile of cash off those ups and downs, dontcha think???

[RationalLiberty]

obama is centre right.

If centre left supports faith based initiatives, continuation of iraq and afghanistan, policing the world, warrantless surveillance, a bailout for the rich, and increasing the military complex

then im karl marx!

Obama is on the right!

[fc196582]

Why not split up the 700 billion to every American citizen over 18 That would help to pay off mortgages car loans credit card debt start a new buisness and let the Government tax it. This would bail out the banks and stimulate the economy why give them the money to loan? It just creates more debt Also abolish the Fed!!!!

[Wobbothe3rd]

If every american received a 5 million dollar check in the mail the economy would grind to a halt (people would stop working), inflation would run rampant, and the banks would just find a way to abuse that.

Abolishign the fed would turn the clock back to the 1870-1900 period, where most people spent most of their lives in a depression or recession. It would not be pretty.

[fjfjvmvm]

Going back to the pre-Fed system would be worse than the current system by a lot. That doesn't mean that we shouldn't replace or radically alter the current system, only that we shouldn't follow dumb ideas by far-right Ron Paul types. The German banking system used to be a pretty good model - though that has been substantially undermined by the EU.

Most lending is for mortgages - this should stop and we should end our home-ownership fetish.

[upshot13]

i thought i subscribed to this for a honest view and if your guest has sympathy for the architects of the problem how is this diffrent than main streem no bail out with out indictments and investigations

[brendanmcooney]

best reporting on this i've seen. thanks a ton!

[sinitskyd]

This guy in a blue shirt is a leftie. I do not like him. Why doesn't RealNews interview someone like Ron Paul or Peter Schiff.

[jerryb9105]

I scanned this list of comments and stopped at yours only because of what you suggested. I too had those very same thoughts, at least as regards RON PAUL, as I watched this clip. Nice to know others have similar thoughts.

[TheStoicAgnostic]

real news basically supports ron paul

he's always on here

i don't know if they can actually afford to talk to him directly but he's a part of their videos a lot

too much if you ask me

[timetofly5]

Please send this message out to EVERYONE, not only here but on your email list!....

The Senate is ignoring the House of Representatives and will be voting tomorrow on passing the bill, as just reported by Lou Dobbs on CNN.

CONTACT YOUR SENATOR NOW!!!

CONGRESSMAN DEFAZIO WAS BEING INTERVIEWED BY LOU AND ADDED THAT WE SHOULD FLOOD THE CAPITOL SWITCHBOARD TOMORROW MORNING!!!

[chewbaca1989]

FED Book:

The Creature of Jekyll Island

Federal Reserve was concieved 1913 on this Island.

FACT!

Author: G. Edward Griffin

Abolish the FED!

[cutegual]

No! To the $700 Bil

[LayneRoxxx]

The people have a deep understanding of the corruption in this country and the reasons why it is happening.

This guy is clueless! Does he not know of the history of the Federal Reserve? It is not even supposed to be constitutional.

More debt is not going to help this country. If people are in dept beyond their means then throw their fucking asses out into the street and give them a box. America has to stop rewarding stupid people.

Politics as usual is not going to work, so bite da bullet

[chewbaca1989]

LayneRoxxx,

YOU ARE RIGHT ON! The Federal Reserve is the root of all the problems.

Recesion is unavoidable.

What good is a bailout if it makes the DOLLAR WORTHLESS.

ROOT OF THE PROBLEM IS THE FEDERAL RESERVE.

Abolish the Monster from Jekyl Island.

[VonHOG]

lol, socialism.. *unsubscribes*

[GeneralAntonioValero]

Also if Barack Obama gets to be President whats the point? If America is in a big debt with China and Russia. Including this bail out we have no chance in getting any public funding. For our bridges, schools, and health care system. 700 Billion do you really think this is going to solve the problem. The capitalist system is so corrupt that what it eventually ends up doing is creating an escape goat for the rich and wealthy. They will transfer their money to other countries eventually fleeing..

[GeneralAntonioValero]

to other markets and hiding from any federal regulations or violations they might be involved in. The average America workers are being held hostage for their money. Billions of people called congress to deny this bill.

[GeneralAntonioValero]

The question know is if they still end up passing a bailout for the rich. Than Democracy has left and Tyranny will reign supreme in America. Where both candidates fail to listen to the voice of the people. Ask Donald Trump to bail wall street, ask the rich people to bail wall street!

[GeneralAntonioValero]

Welcome to Fascism. The President wants to override what Congress has vetoed. This BILL is to bailout the rich corporate elitist. This is a complete robbery of American tax payer money. This bill out is not even going to make sure it helps the market from collapsing. What it does is that it actually lets the Treasury to slow down the process of a market meltdown. What this also does is allows Bush to leave his presidency with a stable economy. He's doing it for the history books!

[dustynbones]

DO NOT PASS THIS BILL! Or anything resembling this Bill. It is Cowardice, Treason, and Appeasing Wall Street Pirates. If the US Congress passes this Bill, the appeasement and extortion will never end, ultimately destroying the US Dollar, leading to total Anarchy and Civil War with States demanding secession from the Union. This all could have been avoided a long time ago if Pelosi and the Democrats told Bush and the Republicans NO which the Democrats have not done, making them equally complicit.

[abilityoflove]

It is a strange thing to depend so much on something called "money", which actually does note exist anywhere except in the head.

[PsyogiBottoms]

OK, let me get this straight. Last Tuesday the Dow closed at 10,854 and one week later (even though there was a national crisis, and the entire world was going to explode) the Dow closed today at 10,850 right?

So We the People the United States of America are to sell our children and our grandchildren into economic slavery over WHAT???? A HUGE PLUMET OF 4 POINTS ON THE DOW? Are you Freakin' kidding me? 4 points people that is it. After all is said and done 4 points off the Dow for $700 billion.

[oliversinhell]

yea ! they are out to screw you and your kids and your grandchildren , ever since the us was founded its been fear all the way , Indians , Negroes , communists , Muslims , illegal immigrants , and now economic disaster ! keep you afraid so you will agree to anything ! have fun

[SureMind89]

so true ....

[bas058]

Of course you are right. But those greedy SOBs want to keep priming the pump for more phony, trumped up "profits." They are like sharks who will die if they don't keep swimming. Well, sharks who will die if they don't keep swimming and eating children.

[shegax03]

Funny how they told us....oh it's ok its ok nothings wrong, the market will bounce right back up. While anyone who talks any sense at all was booted off the news shows. Funny how people who love to believe in capitalism, will resort to a bailout. A bailout? Now i KNOW these people are just repeating what they hear from Fox news. Hello people I thought you stood in the firm belief that capitalism is best! If you do then stand for it and let the banks go. Start over, hopefully with real money.

[Idtelos]

capitalism does not work, too much corruption and greed.

[TJ700]

*Unregulated* capitalism does not work. It leads to runaway greed and monopolies.

A lack of regulations leading to unsound banking practices is the problem.

[pythag123]

same reason socialism doesn't work, same reason why societies don't work. Corruption can be fought in any system

[PsyogiBottoms]

Funny how no one mentions the 6 Billion dollars all those CEOs and VPs made in the past 2 years inflating the books, now isn't it?

How tragic that they only make 20 million this year for loosing everyone's money in bad investments. I want that job.

$500,000 a year to do nothing but lie - hell sounds like a politician don't it?

[PsyogiBottoms]

I just love the spin on the market news (propaganda I mean).

Dow plunges on No Bail out, Surges less than 12 hours later ...on Hopes of a new Bail out... NO, it was just another False Flag from your buddies at Bush Co. and Cronies.

The Government has no authority or obligation to bail out Wall Street - it is totally unconstitutional and should be laughed out of the building. Seriously.

Richie Rich lost money in a bad investment, too bad. It isn't my job to cover their asses. Its called SCAM

[mstrephoenix]

WONT WORK PREPARE FOR CIVIL WAR!

[TabooRealities]

Paid infomercial for the elite, and total rubbish.

This is happening because the regulators, the Fed, has too much power and no oversight, and have become corrupt. Their solution is more power and total exemption from legal recourse? We need sound money and oversight over those with the power to regulate.

These people are crooks, and theRealNews peddles their propaganda.

[x11115]

very foolish instead of getting the country out of debt they are digging the hole deeper and placing the county into the hands of foreign investors. free trade is good but a bailout has nothing to do with the concept. manufacturing corporations can survive without these banks and other things can be done to stimulate the economy. bailout is not the answer. Impeach Bush before it's too late. He's bringing the country down with him.

[x11115]

bailout would prop up an already failed market that should have crashed over a year ago. now the consequence will be a harder crash not softer. the more they prop up the markets without actual earnings growth the bigger the problem will be just like in the depression where corporations were leveraged beyond what they could ever pay back. this deal better not pass. when it failed oil went down that's good and what has to happen for the economy to get new legs not a bailout and more debt.

[Booneavenueboy]

Doug Henwood is hard-pressed to think of something to say that we all haven't heard before and recently. Try Michael Hudson, former economic advisor to Kucinich who teaches at University of Missouri. Hudson is first rate.

[volumedealer1]

Dammed if we do,damned if we don't?

[x11115]

why make it worse than it is? let the markets crash.

[truthspeaker969]

"Dammed if we do,damned if we don't? "

Damned if you don´t and damned even more

if you do the bailout...

[x11115]

some are falling for the scare mongering. the damage is already done.

[sugarpuddin88]

If you don't bail them out here is what happens:

1) The executives will have to return their Christmas bonuses & Maserati's

(Their Christmas bonus last year, for the top 5 Wall Street Banks was greater than the GDP of Vietnam)

2) Other banks will get the message and start to act properly!

Only American's have been fooled into believing they should bail out these Wall Street tycoons with their tax monies! The rest of the world is laughing!

[x11115]

those banks failed because of their own negligence. a bailout only hurts the economy and allows the crooks to continue operating.

[statesRcountries]

So, let me get this straight...

It's "market discipline" for you and me...

That is...

Have a bad business year...? Lose money...?

Well, get a job as a "Greeter" at Wal-Mart, and hope for better luck next year!

But, for the Wall Street folks...

it's a different story...

Have a bad business year fellas? Lose $700 BILLION? Well, tell your fellow, hard-working Americans "The Sky is falling", then rely on SOCIALISM to pay for your greedy mistakes!

[CHUCKtheFED]

definition....'bail out'

take pail, fill with water (debt)

from inside the boat (dollar)

and dump back into the Sea. (economy)

definition....fraud

take pail

full of water (debt)

and dump into boat (dollar)

[JixMa]

I love the tail end where Doug Henwood talks about McCain being totally wrong for the job as president.

He said, "McCain's shown he's quite erratic and hot-headed. He's just too impetuous, too ignorant and thinks too much with his gut. That's really the last thing we need right now."

[statesRcountries]

So, let me get this straight...

It's "market discipline" for you and me...

That is...

Have a bad business year...? Lose money...?

Well, get a job as a "Greeter" at Wal-Mart, and hope for better luck next year!

But, for the Wall Street folks...

it's a different story...

Have a bad business year fellas? Lose $700 BILLION? Well, tell your fellow, hard-working Americans "The Sky is falling", then rely on SOCIALISM to pay for your greedy mistakes!

[GivettheGAS]

Doug, I find your ideas boring, with no creativity or any clairvoyance at all. There are ways out of this, but the two parties do not have the will to make it happen. You should also know that a country when faced with economic collapse that tries to inflate the money supply always fails. No bailout, it doesn't solve any problems, just creates bigger ones.

[iceddante]

What do you suggest instead?

[GivettheGAS]

I would let these institutions fail, and come to congress for a bailout. The best oversight you can have. This way, it's not a blanket sweep bailout, you can spot check the system to get everything going.

For the long term, there are plenty of things. I would contract the government, slash spending, cut the defense bill, bring troops home, redo NAFTA so it's fair to us, push Natural Gas cars and invest in renewable energies and technologies which will help our deficit.

[GivettheGAS]

This bailout is nothing more than a scam, and in all reality it's only built to keep the gears running, not to fix a problem.

The real problem is our government is too big, they spend too much money, and they take 1/3 of our money, and that's just the income tax. Not counting sales taxes, property taxes, licenses and inflationary taxes. We need to industries and technologies. This plan fixes none of the real problems, the people don't have any money.

[josiahdallas]

He thinks with his gut and the elite dont understand that.....

the elite want to spin things all the time...of course they dont like someone who will just tell the truth