Write Your Senator!!!

[urbanrealtor]

Please don’t flame me but actually answer this question. I am asking it genuinely.

Would it be better for you as an individual to not have an economic bailout/rescue/stimulus/bucket-of-money-for-bank?

If so, why?

If not, why not?

Again, not looking to fight, I am curious what people think of this. I know everybody is pissed off but I am curious what else is in the thought process.

–Dan

[NotCranky]

Dan, The few concrete items don’t affect me. I can come up with a guess based on what promises this bailout is supposed hold or the consequences that might occur. Ask again in a few months to a few years.

In the short term I should not be one of the bailouts winners or losers.
Even if I knew for sure that I would benefit, I think I would still be against it.

[NotCranky]

Dan, The few concrete items don’t affect me. I can come up with a guess based on what promises this bailout is supposed hold or the consequences that might occur. Ask again in a few months to a few years.

In the short term I should not be one of the bailouts winners or losers.
Even if I knew for sure that I would benefit, I think I would still be against it.

[NotCranky]

Dan, The few concrete items don’t affect me. I can come up with a guess based on what promises this bailout is supposed hold or the consequences that might occur. Ask again in a few months to a few years.

In the short term I should not be one of the bailouts winners or losers.
Even if I knew for sure that I would benefit, I think I would still be against it.

[NotCranky]

Dan, The few concrete items don’t affect me. I can come up with a guess based on what promises this bailout is supposed hold or the consequences that might occur. Ask again in a few months to a few years.

In the short term I should not be one of the bailouts winners or losers.
Even if I knew for sure that I would benefit, I think I would still be against it.

[NotCranky]

Dan, The few concrete items don’t affect me. I can come up with a guess based on what promises this bailout is supposed hold or the consequences that might occur. Ask again in a few months to a few years.

In the short term I should not be one of the bailouts winners or losers.
Even if I knew for sure that I would benefit, I think I would still be against it.

[CA renter]

It would be better for me as an individual if asset prices fall, and that’s what they’re trying to avoid.

I WANT TO SEE…

-people buy things with savings, not debt.

-“We the People” take control of this country away from the banks and give it back to the citizens.

-a REAL economy, where we build things and make things better for people, not an eCONomy where we just sell inflated assets back and forth to one another.

-a balance between labor and capital, which would have helped to prevent this “crisis” from happening in the first place.

For decades, our entire economy had its foundation built on a mountain of debt. They called this “growth”. As long as people (poor/middle-class workers) buried themselves deeper and deeper in debt, the creditors (wealthy) got more power and money. The sheeple didn’t notice this shift because they had more shiny, plastic “stuff” to show off to one another — all bought with debt that had to be paid back with interest.

The entire system needs to be brought down and rebuilt from scratch. That’s why I don’t want to see a bailout of the scum who brought us this “crisis”.

[CA renter]

It would be better for me as an individual if asset prices fall, and that’s what they’re trying to avoid.

I WANT TO SEE…

-people buy things with savings, not debt.

-“We the People” take control of this country away from the banks and give it back to the citizens.

-a REAL economy, where we build things and make things better for people, not an eCONomy where we just sell inflated assets back and forth to one another.

-a balance between labor and capital, which would have helped to prevent this “crisis” from happening in the first place.

For decades, our entire economy had its foundation built on a mountain of debt. They called this “growth”. As long as people (poor/middle-class workers) buried themselves deeper and deeper in debt, the creditors (wealthy) got more power and money. The sheeple didn’t notice this shift because they had more shiny, plastic “stuff” to show off to one another — all bought with debt that had to be paid back with interest.

The entire system needs to be brought down and rebuilt from scratch. That’s why I don’t want to see a bailout of the scum who brought us this “crisis”.

[CA renter]

It would be better for me as an individual if asset prices fall, and that’s what they’re trying to avoid.

I WANT TO SEE…

-people buy things with savings, not debt.

-“We the People” take control of this country away from the banks and give it back to the citizens.

-a REAL economy, where we build things and make things better for people, not an eCONomy where we just sell inflated assets back and forth to one another.

-a balance between labor and capital, which would have helped to prevent this “crisis” from happening in the first place.

For decades, our entire economy had its foundation built on a mountain of debt. They called this “growth”. As long as people (poor/middle-class workers) buried themselves deeper and deeper in debt, the creditors (wealthy) got more power and money. The sheeple didn’t notice this shift because they had more shiny, plastic “stuff” to show off to one another — all bought with debt that had to be paid back with interest.

The entire system needs to be brought down and rebuilt from scratch. That’s why I don’t want to see a bailout of the scum who brought us this “crisis”.

[CA renter]

It would be better for me as an individual if asset prices fall, and that’s what they’re trying to avoid.

I WANT TO SEE…

-people buy things with savings, not debt.

-“We the People” take control of this country away from the banks and give it back to the citizens.

-a REAL economy, where we build things and make things better for people, not an eCONomy where we just sell inflated assets back and forth to one another.

-a balance between labor and capital, which would have helped to prevent this “crisis” from happening in the first place.

For decades, our entire economy had its foundation built on a mountain of debt. They called this “growth”. As long as people (poor/middle-class workers) buried themselves deeper and deeper in debt, the creditors (wealthy) got more power and money. The sheeple didn’t notice this shift because they had more shiny, plastic “stuff” to show off to one another — all bought with debt that had to be paid back with interest.

The entire system needs to be brought down and rebuilt from scratch. That’s why I don’t want to see a bailout of the scum who brought us this “crisis”.

[CA renter]

It would be better for me as an individual if asset prices fall, and that’s what they’re trying to avoid.

I WANT TO SEE…

-people buy things with savings, not debt.

-“We the People” take control of this country away from the banks and give it back to the citizens.

-a REAL economy, where we build things and make things better for people, not an eCONomy where we just sell inflated assets back and forth to one another.

-a balance between labor and capital, which would have helped to prevent this “crisis” from happening in the first place.

For decades, our entire economy had its foundation built on a mountain of debt. They called this “growth”. As long as people (poor/middle-class workers) buried themselves deeper and deeper in debt, the creditors (wealthy) got more power and money. The sheeple didn’t notice this shift because they had more shiny, plastic “stuff” to show off to one another — all bought with debt that had to be paid back with interest.

The entire system needs to be brought down and rebuilt from scratch. That’s why I don’t want to see a bailout of the scum who brought us this “crisis”.

[Arraya]

For decades, our entire economy had its foundation built on a mountain of debt. They called this “growth”. As long as people (poor/middle-class workers) buried themselves deeper and deeper in debt, the creditors (wealthy) got more power and money

And this “no banker left behind bill” is supposedly to allow more credit to be available, for more debt.

The put another way: The main problem with our economy is too much debt. So what do we do borrow more money to allow more debt. Makes sense to me. This bill is not for the economy.

In other news:

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=anZHfo6tQi60

Japan, China and other holders of U.S. government debt must quickly reach an agreement to prevent panic sales leading to a global financial collapse, said Yu Yongding, a former adviser to the Chinese central bank.

snip

Without yuan appreciation, China will continue to accumulate foreign reserves, which means further accumulating “IOUs from the U.S.,” said Yu. “This is paper and it may default and it will not increase China’s national welfare.”

If China doesn’t allow the yuan to appreciate and continues to promote export-led growth it will lead to confrontation with the U.S. and Europe, Yu said.

Meanwhile CNBC continues to hose down the peasants with a steady stream of kool-aid.

[Arraya]

For decades, our entire economy had its foundation built on a mountain of debt. They called this “growth”. As long as people (poor/middle-class workers) buried themselves deeper and deeper in debt, the creditors (wealthy) got more power and money

And this “no banker left behind bill” is supposedly to allow more credit to be available, for more debt.

The put another way: The main problem with our economy is too much debt. So what do we do borrow more money to allow more debt. Makes sense to me. This bill is not for the economy.

In other news:

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=anZHfo6tQi60

Japan, China and other holders of U.S. government debt must quickly reach an agreement to prevent panic sales leading to a global financial collapse, said Yu Yongding, a former adviser to the Chinese central bank.

snip

Without yuan appreciation, China will continue to accumulate foreign reserves, which means further accumulating “IOUs from the U.S.,” said Yu. “This is paper and it may default and it will not increase China’s national welfare.”

If China doesn’t allow the yuan to appreciate and continues to promote export-led growth it will lead to confrontation with the U.S. and Europe, Yu said.

Meanwhile CNBC continues to hose down the peasants with a steady stream of kool-aid.

[Arraya]

For decades, our entire economy had its foundation built on a mountain of debt. They called this “growth”. As long as people (poor/middle-class workers) buried themselves deeper and deeper in debt, the creditors (wealthy) got more power and money

And this “no banker left behind bill” is supposedly to allow more credit to be available, for more debt.

The put another way: The main problem with our economy is too much debt. So what do we do borrow more money to allow more debt. Makes sense to me. This bill is not for the economy.

In other news:

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=anZHfo6tQi60

Japan, China and other holders of U.S. government debt must quickly reach an agreement to prevent panic sales leading to a global financial collapse, said Yu Yongding, a former adviser to the Chinese central bank.

snip

Without yuan appreciation, China will continue to accumulate foreign reserves, which means further accumulating “IOUs from the U.S.,” said Yu. “This is paper and it may default and it will not increase China’s national welfare.”

If China doesn’t allow the yuan to appreciate and continues to promote export-led growth it will lead to confrontation with the U.S. and Europe, Yu said.

Meanwhile CNBC continues to hose down the peasants with a steady stream of kool-aid.

[Arraya]

For decades, our entire economy had its foundation built on a mountain of debt. They called this “growth”. As long as people (poor/middle-class workers) buried themselves deeper and deeper in debt, the creditors (wealthy) got more power and money

And this “no banker left behind bill” is supposedly to allow more credit to be available, for more debt.

The put another way: The main problem with our economy is too much debt. So what do we do borrow more money to allow more debt. Makes sense to me. This bill is not for the economy.

In other news:

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=anZHfo6tQi60

Japan, China and other holders of U.S. government debt must quickly reach an agreement to prevent panic sales leading to a global financial collapse, said Yu Yongding, a former adviser to the Chinese central bank.

snip

Without yuan appreciation, China will continue to accumulate foreign reserves, which means further accumulating “IOUs from the U.S.,” said Yu. “This is paper and it may default and it will not increase China’s national welfare.”

If China doesn’t allow the yuan to appreciate and continues to promote export-led growth it will lead to confrontation with the U.S. and Europe, Yu said.

Meanwhile CNBC continues to hose down the peasants with a steady stream of kool-aid.

[Author]

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