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chestertonrules chestertonrules is offline
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Bailout Plan is a Good Investment - September 25th, 2008, 12:45 PM

It will stablize our markets and it is likely that we will make a profit on the real estate purchased.

This is not a giveaway, it is the aquisition of real estate.



   
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September 25th, 2008, 12:55 PM

Quote:
Originally Posted by chestertonrules View Post
It will stablize our markets and it is likely that we will make a profit on the real estate purchased.

This is not a giveaway, it is the aquisition of real estate.
Maybe I don't want to invest.

If it's such a great acquisition the government wouldn't need to force people to buy into it.





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September 25th, 2008, 01:12 PM

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Originally Posted by Knight View Post
Maybe I don't want to invest.

If it's such a great acquisition the government wouldn't need to force people to buy into it.

Most people don't have a clue what is going on.

That being said, it is a good idea even if it is a bad investment.

A collapse of our financial markets will hurt all Americans.


The most rational opposition to this bailout is coming from conservatives who don't want to increase government's hand in our private economy.

I agree that this is a legitimate concern, but I don't think we have a good alternative to the bailout.



   
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September 25th, 2008, 01:22 PM

Quote:
Originally Posted by Knight View Post
Maybe I don't want to invest.

If it's such a great acquisition the government wouldn't need to force people to buy into it.
That sounds way too reasonable to me.





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September 25th, 2008, 01:27 PM

Quote:
Originally Posted by chestertonrules View Post
It will stablize our markets and it is likely that we will make a profit on the real estate purchased.

This is not a giveaway, it is the aquisition of real estate.
Then vote in the "America'a Financial Future" Poll.

Let your opinion and voice be heard







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September 25th, 2008, 01:29 PM

The reason this all came about is because all that debt paper is worthless. Now they want us to buy it.





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September 25th, 2008, 01:31 PM

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Originally Posted by Morpheus View Post
The reason this all came about is because all that debt paper is worthless. Now they want us to buy it.
The paper is devalued because people can't pay off their loans, not because the underlying real estate is worthless.



   
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September 25th, 2008, 01:34 PM

Quote:
Originally Posted by chestertonrules View Post
It will stablize our markets and it is likely that we will make a profit on the real estate purchased.

This is not a giveaway, it is the aquisition of real estate.
Which "Right wing" do you identify yourself with?





"Those who would give up essential liberty to purchase a little temporary safety, deserve neither liberty nor safety." Ben Franklin

   
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September 25th, 2008, 01:38 PM

If there is no bailout, who will get hurt the most?
All those who have profited from over inflated values and are they not just paper
gains? The real value will still be there.
Many will lose their jobs? Not the ones who are providing necessary items like
food, energy, and clothing
Many will lose their homes? In the short term yes but who is going to hold on to
an empty house? The prices will have to be lowered until somebody can afford
them.

Will there be pain? Yes and you cannot avoid it

What about the defense of this country?
I understand that there is 700 billion available for that





a voice crying in the wilderness :chrysost:
   
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September 25th, 2008, 01:41 PM

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Originally Posted by Freedomcry View Post
Which "Right wing" do you identify yourself with?
Those of us who live in the real world without the luxury off running of to John Galt's mountain retreat!



   
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September 25th, 2008, 01:43 PM

Quote:
Originally Posted by chrysostom View Post
If there is no bailout, who will get hurt the most?
All those who have profited from over inflated values and are they not just paper
gains? The real value will still be there.
Many will lose their jobs? Not the ones who are providing necessary items like
food, energy, and clothing
Many will lose their homes? In the short term yes but who is going to hold on to
an empty house? The prices will have to be lowered until somebody can afford
them.

Will there be pain? Yes and you cannot avoid it

What about the defense of this country?
I understand that there is 700 billion available for that

Economies are like giant ships.

Once they are headed in the wrong direction, it takes a lot of time and effort to turn them around.

Imagine a true economic collapse like we had in the late 70s with 10% unemployment, 19% mortgage rates, and 12% inflation.

If we can avoid it, let's avoid it.



   
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September 25th, 2008, 01:45 PM

You have no problem leaving your children and grandchildren to pay for all this do you?





The pain comes from knowing that we have never been safe, and therefore will never be safe again. It comes from knowing we can never be so ignorant again. It comes from knowing we can never be children again. Losing innocence. Remembering heaven. That was the essence of hell. -John Jakes
   
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September 25th, 2008, 01:47 PM

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Originally Posted by Sitamun View Post
You have no problem leaving your children and grandchildren to pay for all this do you?
The national debt will increase much more if we don't avoid a collapse.

You need to ask yourself this question.



   
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September 25th, 2008, 01:50 PM

Please layout HOW the debt will increase if the bailout doesn't happen?





The pain comes from knowing that we have never been safe, and therefore will never be safe again. It comes from knowing we can never be so ignorant again. It comes from knowing we can never be children again. Losing innocence. Remembering heaven. That was the essence of hell. -John Jakes
   
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September 25th, 2008, 01:51 PM

Quote:
Originally Posted by Sitamun View Post
Please layout HOW the debt will increase if the bailout doesn't happen?
If the economy collapses, federal revenues will dry up.

Most of our spending is nondiscretionary and therefore it can't be cut.

This means that we won't have the income to pay our debts forcing further borrowing.



   
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