Comments on: Bernanke Admits Bailout is NOT Aimed at Helping Taxpayers

By: EO

EO — Thu, 25 Sep 2008 23:58:03 +0000

NO Bailout for Big Banks. Let them get throw out like everyone else who can not pay bills.

By: MarcStinebaugh

MarcStinebaugh — Thu, 25 Sep 2008 06:45:11 +0000

They’re just robbers, it was OBVIOUSLY planned out long in advance. They’re robbing us so they can enslave and kill us, and that’s just how it is. Gotta look to the God of the Bible, the only God to save you from what’s coming, and that’s also, just how it is.

By: EO

EO — Thu, 25 Sep 2008 05:25:35 +0000

If they actually pass this bail out, then it is all out all out major economic war against working people. It is unbelievable how much greed that some people have and when they actually make a mistake they still want more of your money.

What has happened to people in the USA to put up with this? It seems like that either there are too many non-freedom type of people in the country, or there has been serious brain washing going on, and now most people are very sheepish.

By: Dawn

Dawn — Wed, 24 Sep 2008 16:24:44 +0000

Money is the common denominator of all economic transactions. It is that commodity which serves as a medium of exchange,is universally accepted to all participants in an exchange economy as payment for their goods or services, and can therefore be used as a store of value. i.e., as a means of savings.
If men had no means to store value, i.e. to save, neither long range planning nor exchange would be possible!
The abandonment of the Gold Standard made it possible for the welfare status to use the banking system as a means to an unlimited expansion of credit…..
The law of supply and demand is not to be conned. As the supply of money (of claims) increase relative to the supply of tangible assets in the economy, prices must eventually rise. Thus the earnings saved by the productive members of the society loss value in thems of goods. When the economy’s books are finally balanced, one finds that this loss in value represents the goods purchased by the government for welfare or other purposes.

In the absence of the gold standard there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make it’s holdings illegal as was done in the case of gold…The financial policy of the welfare state REQUIRES that there be no way for the owner of wealth to protect themselves.
Alan Greenspan..http://www.nndb.com/people/164/000023095/..
originally appeared in a newsletter: the Objectivist..1966. Reprinted by Rand Capitalism: The Unknown IdeaL

By: Hank

Hank — Wed, 24 Sep 2008 15:15:13 +0000

There is no such thing as trickle down. Money given to the top of the money chain stays at the top. Trickle down is feeding the birds by giving the horse more oats. This is just more of the same, the rich taking care of the rich. It occurs to me that 700 billion in the hands of the people that owe the money on mortgages would fix the whole problem. That is the basic difference between the democrats and republicans. Democrats work the economy from the bottom up, and the republicans keep trying to work it from the top down. The problem is that the top down does not work.

By: Claudia

Claudia — Wed, 24 Sep 2008 15:13:34 +0000

I think we all knew that! Yet we continue to pay taxes and they continue to misuse them!!! the Government doesn’t care about us people!!! They have their OWN agenda!!!

By: Heath

Heath — Wed, 24 Sep 2008 14:06:47 +0000

I just don’t get it. Why can’t we eat our own dog food. America spends its time promoting capitalism and imposing our ideas around the world, but when the test comes home congress is ready to bail out Wall street.

It’s a big pill to swallow, but the market must be allowed to fail. You can’t have your cake and eat it too.

By: rich

rich — Wed, 24 Sep 2008 12:09:23 +0000

trickle down yo momma !!!!!!! a liar telling the truth ???????????????

http://www.youtube.com/watch?v=P8fgAS0w9Q8

By: t

Wed, 24 Sep 2008 12:03:33 +0000

Bernanke “it’s hard for outsiders to know”… what this $hit is worth. We know Ben… We know your not a $10.00 turd your realy a $5.00 turd in disguise.

By: SeaBottomDweller

SeaBottomDweller — Wed, 24 Sep 2008 11:36:41 +0000

Surprised much…?

But keep in mind…

In order to bail-out ANYONE you would need money to spent not to lent…

What part of HUMONGOUS DEBT is not understood?

“Trickle down” and “Spending your way out of trouble” have and will never work…