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Home › Forums › Financial Markets/Economics › Guess the size and date of the next bailout › You guys aren’t thinking of

October 4, 2008 at 5:12 AM #280737
Running Bear
Participant

You guys aren’t thinking of the bigger picture. This is just the start of many coming bailouts.

Things that will likely be coming down the road:

-homeowner bailouts(my bad rescue plan)
-small/large business bailouts (my bad rescue plan)
-state/city bailouts (my bad rescue plan)

We will pretty much bailout anything that walks. We are now heading down the path that everything has to be saved in the name of the average American and their jobs, savings, or future.

The end result of all of this will be a destruction of the dollar and the US defaulting on its debt. This game will go on as long as foreign governments decide to buy our debt at cheap prices. Once that goes away, the game is up. The problem is we have no idea how long that will last.

The passage of this bill is truly a sad day in American history. I will vote against anyone who voted for this bill regardless of party. They have just mortgaged the financial future or our country and made us all debt slaves beholden to foreign masters.