Guess the size and date of the next bailout

[TheBreeze]

It looks like most of us are in agreement that this bailout won’t work. Personally, I’m fully expecting the $700 billion to be spent (and spent very, very badly) before the next President is inaugurated.

Once all the money is gone and the economy continues to spiral downward, I figure that the politicians will again cook up some type of bailout. My prediction is that by the middle of next summer we’ll see a $1 trillion dollar bailout voted on. There’s no way the politicians will ask for less than $700 billion next time and $1 trillion is a nice round number.

What do you guys think? Will we see another bailout bill? If so, when will it be and for how much?

[stockstradr]

GREAT question.

I’m guessing 1.2 trillion, in additional bad debt bail out of banks, not including tacked on pork

[stockstradr]

GREAT question.

I’m guessing 1.2 trillion, in additional bad debt bail out of banks, not including tacked on pork

[stockstradr]

GREAT question.

I’m guessing 1.2 trillion, in additional bad debt bail out of banks, not including tacked on pork

[stockstradr]

GREAT question.

I’m guessing 1.2 trillion, in additional bad debt bail out of banks, not including tacked on pork

[stockstradr]

GREAT question.

I’m guessing 1.2 trillion, in additional bad debt bail out of banks, not including tacked on pork

[underdose]

I suspect there may not be another bail out. I don’t know if the new bailout that did pass had the same language as the first one that got shot down. If it did, with the Treasury getting basically unlimited power with no accountability to anyone, this bailout might turn out to be sufficiently an open ended blank check. The $700 billion will magically transform into trillions, maybe about 3 to 5, without another bill being passed. When? Gradually over the coming months. The bailout will do absolutely nothing to prevent the collapse, just as nationalizing Freddie and Fannie and AIG did absolutely nothing, so as the economy continues to deteriorate in the coming months, they will just keep pouring more and more money on it. But I’ll bet they will do it mostly on the sly. And they will really freak when the Xmas retail numbers are weak…

[underdose]

I suspect there may not be another bail out. I don’t know if the new bailout that did pass had the same language as the first one that got shot down. If it did, with the Treasury getting basically unlimited power with no accountability to anyone, this bailout might turn out to be sufficiently an open ended blank check. The $700 billion will magically transform into trillions, maybe about 3 to 5, without another bill being passed. When? Gradually over the coming months. The bailout will do absolutely nothing to prevent the collapse, just as nationalizing Freddie and Fannie and AIG did absolutely nothing, so as the economy continues to deteriorate in the coming months, they will just keep pouring more and more money on it. But I’ll bet they will do it mostly on the sly. And they will really freak when the Xmas retail numbers are weak…

[underdose]

I suspect there may not be another bail out. I don’t know if the new bailout that did pass had the same language as the first one that got shot down. If it did, with the Treasury getting basically unlimited power with no accountability to anyone, this bailout might turn out to be sufficiently an open ended blank check. The $700 billion will magically transform into trillions, maybe about 3 to 5, without another bill being passed. When? Gradually over the coming months. The bailout will do absolutely nothing to prevent the collapse, just as nationalizing Freddie and Fannie and AIG did absolutely nothing, so as the economy continues to deteriorate in the coming months, they will just keep pouring more and more money on it. But I’ll bet they will do it mostly on the sly. And they will really freak when the Xmas retail numbers are weak…

[underdose]

I suspect there may not be another bail out. I don’t know if the new bailout that did pass had the same language as the first one that got shot down. If it did, with the Treasury getting basically unlimited power with no accountability to anyone, this bailout might turn out to be sufficiently an open ended blank check. The $700 billion will magically transform into trillions, maybe about 3 to 5, without another bill being passed. When? Gradually over the coming months. The bailout will do absolutely nothing to prevent the collapse, just as nationalizing Freddie and Fannie and AIG did absolutely nothing, so as the economy continues to deteriorate in the coming months, they will just keep pouring more and more money on it. But I’ll bet they will do it mostly on the sly. And they will really freak when the Xmas retail numbers are weak…

[underdose]

I suspect there may not be another bail out. I don’t know if the new bailout that did pass had the same language as the first one that got shot down. If it did, with the Treasury getting basically unlimited power with no accountability to anyone, this bailout might turn out to be sufficiently an open ended blank check. The $700 billion will magically transform into trillions, maybe about 3 to 5, without another bill being passed. When? Gradually over the coming months. The bailout will do absolutely nothing to prevent the collapse, just as nationalizing Freddie and Fannie and AIG did absolutely nothing, so as the economy continues to deteriorate in the coming months, they will just keep pouring more and more money on it. But I’ll bet they will do it mostly on the sly. And they will really freak when the Xmas retail numbers are weak…

[temeculaguy]

I doubt the public will tolerate another one. They would have been wiser to keep doing the little ones they had been doing. Now that J6pack is aware of it, they wont be able to pull it off if this one fails to work, which it will. It wasn’t even 3 hours before every article on CNBC switched from “we need this to save everyone” to “this is just a start, we want more.” Buffet and many other offered their opinion before the vote on how it was needed and just after they all said it wont do the trick. People I know that don’t follow or understand macroeconomics or polotics were enraged today about the pork and the media saying that it isn’t enough. I saw people that didn’t even know who their congressional representative was until today, start memorizing names of who voted for it.

On a side note, the blue dog democrats are the only ones who will come out of this smelling like a rose, there is a real possibility of creating a 3rd party over the next few years since they have gotten so much attention over this.

http://en.wikipedia.org/wiki/Blue_Dog_Democrat

[temeculaguy]

I doubt the public will tolerate another one. They would have been wiser to keep doing the little ones they had been doing. Now that J6pack is aware of it, they wont be able to pull it off if this one fails to work, which it will. It wasn’t even 3 hours before every article on CNBC switched from “we need this to save everyone” to “this is just a start, we want more.” Buffet and many other offered their opinion before the vote on how it was needed and just after they all said it wont do the trick. People I know that don’t follow or understand macroeconomics or polotics were enraged today about the pork and the media saying that it isn’t enough. I saw people that didn’t even know who their congressional representative was until today, start memorizing names of who voted for it.

On a side note, the blue dog democrats are the only ones who will come out of this smelling like a rose, there is a real possibility of creating a 3rd party over the next few years since they have gotten so much attention over this.

http://en.wikipedia.org/wiki/Blue_Dog_Democrat

[temeculaguy]

I doubt the public will tolerate another one. They would have been wiser to keep doing the little ones they had been doing. Now that J6pack is aware of it, they wont be able to pull it off if this one fails to work, which it will. It wasn’t even 3 hours before every article on CNBC switched from “we need this to save everyone” to “this is just a start, we want more.” Buffet and many other offered their opinion before the vote on how it was needed and just after they all said it wont do the trick. People I know that don’t follow or understand macroeconomics or polotics were enraged today about the pork and the media saying that it isn’t enough. I saw people that didn’t even know who their congressional representative was until today, start memorizing names of who voted for it.

On a side note, the blue dog democrats are the only ones who will come out of this smelling like a rose, there is a real possibility of creating a 3rd party over the next few years since they have gotten so much attention over this.

http://en.wikipedia.org/wiki/Blue_Dog_Democrat

[temeculaguy]

I doubt the public will tolerate another one. They would have been wiser to keep doing the little ones they had been doing. Now that J6pack is aware of it, they wont be able to pull it off if this one fails to work, which it will. It wasn’t even 3 hours before every article on CNBC switched from “we need this to save everyone” to “this is just a start, we want more.” Buffet and many other offered their opinion before the vote on how it was needed and just after they all said it wont do the trick. People I know that don’t follow or understand macroeconomics or polotics were enraged today about the pork and the media saying that it isn’t enough. I saw people that didn’t even know who their congressional representative was until today, start memorizing names of who voted for it.

On a side note, the blue dog democrats are the only ones who will come out of this smelling like a rose, there is a real possibility of creating a 3rd party over the next few years since they have gotten so much attention over this.

http://en.wikipedia.org/wiki/Blue_Dog_Democrat

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