Financial bailout package fails in House of Representatives

Stocks tumble as U.S House of Representatives votes down $700 Billion financial rescue package.

Category:

News & Politics

Tags:

• market
• fall
• dow
• jones
• nasdaq
• worst
• ever
• recession

[002eden523]

Bush's legacy!

[bittemeinrammstein]

USA = FAIL!!! FUCK THE USA! XD

[werebear1]

Quite true, devaluation of the dollar is essential in deflating the economy. We need however a monetary reform. Keeping the current monetary system will just continue the current vicious cycle and will continue to concentrate power in a few hands. Eventually the system will collapse but not before a huge wealth transfer taking place. think Weinmar republic Germany. There is a lot of manipulation. I doubt Obama will take the necessary measures; we need a lot more than just raising corporate taxes

[Partisancheese]

the devaluation of the dollar is necessary to avoid inflation. its not what people wanna hear, but its essentially damage control at this point. The neoliberal policies instilled by Clinton (NAFTA) will ensure that jobs will continue to go overseas. The US will no longer be a manufacturing country anymore and people need to realize that.

One way FDR addressed the Great Depression was by raising corporate taxes (similar to what Obama wants to do). He can definitely get us out of the crisis

[werebear1]

Obviously not, and my comment regarding this fabricated crisis was in general. A lot has been ignored in these reports, like the devaluation of the dollar due to the multi-trillion dollar war, and corruption. Add the more than 8 million jobs lost in the last 10 years to trade agreements, outsourcing and H1B visas. You see, if everything gets more expensive and jobs a lot more scarce, people are quite likely to, say, not be able to pay debts? Can you agree with any of this?

[Partisancheese]

How are people gonna be able to open small businesses if they can't borrow money?? Would you prefer the only people wealthy enough to open businesses be GE and Haliburton????

[Partisancheese]

And how exactly is the credit crunch artificial?? Is everyone in America who defaulted on a loan in on the scheme????

[OriginalAtomicSheep]

because they dont want to... they know what they are doing and at the end of it all... guess who is going to have pockets lined and who is going to suffer as usual?

[werebear1]

All in plan for the coming North American union as a solution. You see, they have to create (artificially) a crisis to justify the Merging of Canada, USA and Mexico and to make people accept it. If you don't agree, you will end up inside one of the many FEMA concentration camps, if not dead.

[yakyakyak69]

Bailout? HELL NO!

The Dems/NeoCon's Community Reinvestment Act forced banks to give home loans to those with bad credit. This resulted in speculation which ARTIFICIALLY inflated housing prices causing meltdown.

Printing MORE fiat US $Dollars to encourage more Wall Street greed will debase the currency and cause a MUCH larger GLOBAL collapse later!

Real Estate AND the stock market MUST return to their TRUE value NOW before the problem grows any larger!

ANY 3rd Party in Nov.!

[mmgoicochea]

that is just half the truth.... even before the crisis they had already 13 trillion dollars in debt plus the house selling crisis and other hidden things... would be an indicator and the real "truth" of the crisiss :S

[dragonking787]

Usa is bankrupt, send to much money on their army.