A letter to US senators
casualguy
Please do not give away US hard earned taxpayer money to rich foreign banks. Vote NO on the foreign bank bailout bill.
Here's my reasoning reposted from the other thread.
I say senators should vote NO to bailing out large foreign banks with US taxpayer money. That is like robbing your kid or spouse to give money to a foreigner who made a bad investment in your neigborhood. Then the media spins it out of control saying it's the end of the world if you don't pay up. We've had recessions before. The bill probably will make it worse. Over 200 economists were opposed to it.
I feel like there is a global conspiracy among a rich group spread throughout the world to make the US buy up and pay for all the bad investments foreign countries made. They reaped the benefits on their good investments but they want the US taxpayer to pay for their losses. Please tell your senator to vote NO for foreign bank bailouts.
I don't know if any senators will read this but please call your senator to explain the real situation. Not what the news media tells you is happening.
Just remember, it was over a week ago, they said disaster would strike us all if congress didn't pass a bill. I hardly call a 2 or 3 percent drop in the stock market a disaster.
Here's my reasoning reposted from the other thread.
I say senators should vote NO to bailing out large foreign banks with US taxpayer money. That is like robbing your kid or spouse to give money to a foreigner who made a bad investment in your neigborhood. Then the media spins it out of control saying it's the end of the world if you don't pay up. We've had recessions before. The bill probably will make it worse. Over 200 economists were opposed to it.
I feel like there is a global conspiracy among a rich group spread throughout the world to make the US buy up and pay for all the bad investments foreign countries made. They reaped the benefits on their good investments but they want the US taxpayer to pay for their losses. Please tell your senator to vote NO for foreign bank bailouts.
I don't know if any senators will read this but please call your senator to explain the real situation. Not what the news media tells you is happening.
Just remember, it was over a week ago, they said disaster would strike us all if congress didn't pass a bill. I hardly call a 2 or 3 percent drop in the stock market a disaster.
23 comments
By the way, I notice a number of comments above decry "Bailing out Foreign Banks." The USA is the world's largest provider of financial services, and most of the money will go to US firms. I think certain aspects of this proposal STINK. But thousands of small and medium sized banks - today - are finding it impossible to extend credit to their Main Street customers who need it desperately, because the banks' sources of credit have dried up. 700 billion will buy some time, and then we'll see what happens next. Too bad the US economy is so heavily dependent on credit.
Care to elaborate some more on the players in this "global conspiracy" of yours? (I.e. name names.)
It's really hard to take posts like this seriously unless you include EVIDENCE to back up your personal speculation.
Thanks!
I'm no fool, I know all about escroll, closing costs, inspections, and all those unexpected costs that pop up before moving in. Trouble is, a lot of people don't. I blame these fools.
I blame banks who thought they could somehow make bucks off risky loans.
I blame freddie and fannie. I hate these motherfuckers anyway because of what they did to my student loan. Without them, I'd had paid it off years before I did, but I digress.
I blame the Republicans, who held a hearing about this in 2004, but let the matter drop after that.
I blame the democrats, who are after the demise of America anyway.
I blame the drive by media, who wants to blame Bush for everything, even the garbage pick up in L.A.
I blame Wall Street for not imposing it's own restrictions and waiting on the feds to fix everything.
I blame Nancy Pelosi and Barney Frank, who are incompetent motherfuckers. I blame Charles Rangel, who is a racist. I blame the media for propping up these idiots.
I blame ABC and Charlie Gibson for believing in man made global warming, because they know damn well it doesn't exist and they're just after the demise of America anyway.
I blame Hollywood for hating America and propping up incompetent film makers and celebs who are too busy grinding their own axes instead of making movies that are worth seeing. I blame Hollywood for backing up democrats, incompetent democrats, racist democrats, the gamour media, and well placed people who are after the demise of America.
I blame the general public for not burning democrats at the stake, and for paying to see the putrid trash Hollywood pumps out nowadays. The public deserves better than to be spoon fed shit, but they seem to have aquired a taste for it.
You ever get the feeling we're all living on borrowed time with our nation in debt to our eyeballs or worse? It kind of sucks to work your whole life, save and be responsible, then have your government make a whole lot of bad loans to people who can't afford it when times turn worse. Then you either pay for it or risk having all your savings devalued or worse. I think there is a better way than the current bailout plan. I wouldn't be surprised if the Chinese and possibly others threatened to dump all their 1 trillion in US treasuries back at one time if we don't back up Fannie and Freddie and all the bad loans the Chinese and others bought. I finally got an inkling of why many of the rich were buying up physical gold. Our fiat money system will collapse as soon as faith in the system is gone.
Huh??
"who are after the demise of America anyway."
Nonsense.
"who wants to blame Bush for everything"
So much for "Personal responsibility!"
"I blame Wall Street for not imposing it's own restrictions and waiting on the feds to fix everything."
What "restrictions"?? A lot of them were stripped by the GOP a loooong time ago!
I guess that almost everyone is "after the demise of America" in your warped world Dudester...take a pill & chill out man.
"if we don't back up Fannie and Freddie"
Fannie & Freddie have already been bailed out...read a newspaper sometime.
"I agree this all started with the Clinton administration forcing Fannie and Freddie to make riskier loans to low income people to increase home ownership."
No one was "forced" to do anything.
It's really quite astonishing how ignorant people are when it comes to financial matters. I fully understand how people are sick & tired of their govt. crying wolf over & over that "if we don't act now, the world will be in jeopardy" (Iraq anyone??), but when people's investments (for retirement & otherwise) are tanking, businesses large & small alike are having a hard time getting money to make payrolls, & regular people are having a hard time getting loans for, anything...you have to wonder what it will take for America to wake up. I strongly believe in democracy, but it's times like these that shake those beliefs.
Huh?? Just about everytime I had the entire thing consolidated, they would break it into four pieces and quadruple my payment. Imagine your car note being 200 one month, and 800 the next.
"who are after the demise of America anyway?"
Just as the Republicans adopted Perot's platform and made it their Contract with America (1994), the dems adopted the platform of the communist party (1890) and have clung fiercely to it since.
"who wants to blame Bush for everything?"
ABC, NBC, CBS, CNN, MSNBC, Ray Nagin, Pelosi, Rangel, Sharpton, Rev. Wright, Obama, liberal bloggers, take your pick.
"I blame Wall Street for not imposing it's own restrictions and waiting on the feds to fix everything."
Since when does the GOP influence Wall Street regulations upon itself?
I guess that almost everyone is "after the demise of America" in your warped world Dudester...
No, just the dems. They shoot down anything that would better the country-case in point: domestic drilling. Domestic drilling would not only release us from ties with the Middle East, but it would boost our economy. Their excuse? It would pollute the environment. Aside from the Exxon Valdez (an isolated non well incident), what oil spills have we had? That's right-none.
Talking to idiots is a waste of time. FACTS mean nothing to them, as I've proven.
How the hell did they do that??
"Just as the Republicans adopted Perot's platform and made it their Contract with America (1994), the dems adopted the platform of the communist party (1890) and have clung fiercely to it since."
Really?? I wasn't aware that Perot was in favor of "cutting the number of House committees", "cutting committee staff by one-third", "limiting the terms of all committee chairs", "baning the casting of proxy votes in committee", and "requiring committee meetings to be open to the public". I thought his main issue was balancing the federal budget, which Clinton did by the end of his term (based on ZERO GOP votes in 1993).
So, Bush wasn't in charge over these last 8 years?? I think he was, and he & his Party are going to be going down because of their massive failures.
"Since when does the GOP influence Wall Street regulations"
They don't "influence" them...they eliminate them, period. Hence the current crisis that we're in right now.
"domestic drilling. Domestic drilling would not only release us from ties with the Middle East"
Hey, we're apparently going to have MORE domestic oil drilling (above the doubling of oil drilling permits that has happened in recent years), but it's NOT going to do a thing to about getting us off of foreign oil, since there is in no way, shape, or form enough domestic oil here to fullfill our daily demand of over 21 million barrels.
"Aside from the Exxon Valdez (an isolated non well incident), what oil spills have we had?"
Well, there's the Ixtoc I oil well spill into the Gulf of Mexico in 1979-1980. That's not counting the dozen plus or so other oil spills that didn't directly affect the USA. Wasn't there an oil spill in San Francisco Bay not that long ago from a ship??
"I need to see that bailout approved!"
It's looks like it will be soon.
Not that it matters when talking to an idiot, but you might find this link interesting:
http://www.heartland.org/policybot/resul…
It just happens to quote environmental groups that estimate there has been THIRTY ONE times more NATURAL OIL SEEPAGE in Santa Barbra than was spilled by the Valdez.
Of course there are thousands of NATURAL seepage sites all over the world. Not only oil, but methane as well which is far worse for the atmosphere than anything man can spew!
Again, don't waste your time trying to explain FACTS to idiots!
No you idiot...read your own article...they claim that "the amount of oil that has seeped naturally into the ocean since 1970 (about 38 years) is 31 times the amount spilled in the 1969 accident", which, over a 10-day period, was an estimated 80,000-100,000 barrels of crude oil (or less than 420,000 gallons). The Exxon Valdez spill was a spill of 10.8 million U.S. gallons of Prudhoe Bay crude oil into the sea, which eventually covered 11,000 square miles of ocean. The total amount of oil "seepage" has been apparently estimated at only 3 million gallons.
en.wikipedia.org/wiki/1969_Santa_Barbara…
en.wikipedia.org/wiki/Exxon_Valdez_oil_s…
Facts matter...
My point of view about (ahem) the OTHER side, for a while now, is that America has gotten to the point where it's considered appropriate to believe, "Nobody can convince me of anything, because I'm a proud American. I know what's what. I sure ain't so weak as to be SWAYED by something as devilish as PERSUASION or EVIDENCE or LOGIC ..."
The problem isn't, so much, now'days, that this is going on; it's that, for the first time in American history, it's started being considered inappropriate NOT to act that way and, also for the first time in American history, it's started being "cool" or "public minded" to deliberately LEARN to act that way and, also for the first time in American history, it's started to be OK to STATE IN PUBLIC that you "can't be swayed by reason" (or similar).
Can't hear reason + allowed to vote in your democracy = death of your democracy.
In that case you will LOVE MisterGay.
From what I've read people would rather have more money that buys less than less money that buys more. :) Oh course, this was in the context of annual raises.
Anyway, there are some bright spots. Energy isn't nearly the problem people believe it is and the Chinese probably want to continue selling to the U.S. no matter how worthless the U.S. dollar becomes. It was President Bush that was so desperate for a cheap dollar to create "jobs." Does the world want U.S. cars even at a discount? There should be a good demand for U.S. food, but the government better be turning a blind eye to illegal immigrants. :)
Oh, the government needs to get rid of its nitwit program encouraging the use of corn for ethanol. :) It is a little surprising that no matter how much these buffoons steal or just make a mess of things that the people still want more! I guess it just feels better to do something and there is always hope for a different result.