Inhofe Angered by President's Decision to Spend Second Installment of $350 Billion

Read More at inhofe.senate.gov

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News & Politics

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• inhofe
• Tarp
• Bailout

[gensnipes]

WE DO NOT WANT THE BAILOUT!!!!!!!!!!!!!

I'm glad someone still has the cojones to point out that it's not just Democrats who are selling my generation down the river. Not that Dems aren't bad about it, but that there are some Republicans who have missed the whole point of limited government.

I usually assume that Politican = liar. it's nice to see one that hasn't proven me right.

[Arpege92]

Washington listen to the people? There's a new concept. I'm not holding my breath though!

[whosthechamp]

(Just to reiterate... Your "Bailout" came back in early 2000 when Bush gave the rebate checks out. And it hurt the economy BADLY. Be careful what you wish for, you may have already gotten it.)

[whosthechamp]

No socialism. no Gov't take over of healthcare, And all these predictions the republicans are making? They are EXACTLY the same as when we were trying to pass SSI and Medicare years ago. Verbatim. And none of them came to pass either.

Maybe I helped you understand, maybe I didn't. maybe you won't even bother to read to this point. Your option.

But now you cant say the information wasn't offered to you in a straightforward easy to understand way.

[whosthechamp]

This gives the Gov more bargaining power which gives us cheaper prices. And, there is legislation IN THE BILL which will prevent employers from dumping you out of your current insurance and onto the public option. So you will DEFINITELY be able to keep your plan and not have to take the OPTION. The option will simply provide more people coverage, which will keep less people out of the ER, which will LOWER YOUR premiums. You see how this could be a good thing, even if you don't use it? (more)

[whosthechamp]

It is indeed a public option, as you do not have to buy into it, and you can choose to not take it at all. It will have lower administrative costs, as they aren't paying the top execs ridiculous amounts of money as the current insurance co.s are, and all of that money goes right back to the consumer. Also, they approach medicine in the same way Wal-Mart gives $4 pills now: They approach the manufacturers and say "we have X Mil people who will buy from you, and we want a lower price." (more)

[whosthechamp]

The economy is not "magically" getting better, the stimulus has SLOWLY been leaking into the economy, and it HAS added the supply portion. No "poof" about it.

3) Fixing healthcare is VITAL in the longrun, as the current healthcare system is pulling us down ridiculously. The amount of Consumers declaring bankruptcy due to healthcare emergencies is atrocious, and the system now is completely for profit. All that is being proposed is a program similar to Medi-cal, except you CHOSE to buy into it

[whosthechamp]

By having the money pumped into the economy, you are creating jobs: satisfying the supply in the supply and demand. The demand side is always there, as there is always people needing jobs. By doing this, you are also taking people off of unemployment, freeing up money there.

Rebate checks to consumers never helps, as people don't spend it, they typically save it or pay off debt. That doesn't help the economy at all. It's called the Paradox of thrift. What may hurt now helps us all later. (more)

[whosthechamp]

2) Economics is a science, meaning that hypothesis are tested and if they prove to be right, they are promoted to all out fact as a "theory". Do you know what Macro-Economics says you have to do to recover in a recession? The Government NEEDS to pump money into the system by infrastructure and other means. There is plenty of DEMAND for jobs, but no-one to supply the jobs: the government can give jobs to people who need them through infrastructure AND update our existing structures. (More)

[whosthechamp]

FFS man, do you understand what you're talking about? Let me try to help you.

1) Our economy is devastated by a HUGE amount of things that happened over the last 8 years. Bush came into office, gave out our surplus from Clinton as rebate checks in his 1st 100 days, Lowered taxes on the very rich and walked into 2 wars, one of which was unnecessary. At the same time, we also deregulated the markets, which led to instability as banks did what you would expect: they tried to make HUGE money(more)

[whosthechamp]

Keynesian quackery???

You mean Keynes, the forefather of Economics, which is a science?

You mentioned Clinton... Was it his failed monetary policy which led to us briefly having a surplus until Bush spent it all away in the first 100 days?

[jiffystoremissy]

P.S. where's my bailout for doing good and taking care of myself and my family!?!? oh thats right you only get help if you fail thats just peachy..... if you keep wiping peoples asses for them they forget to do it themselves