shadows's Blog

25 billions ??? Im not in favor of government bailing out businesses-its certainly not the republican way- and 25 Bil ??
well we could I guess- thats only 2 months cost of the Iraq war?

NO WAY !!!!!!!! Stop bailing out the rich guys.
It's not working. You can't help the working class by giving more to the rich. It doesn't work.

Republicans have had control of the presidency and congress far too long. It will be great to have a democrat for president and controlling the House for a change. Bush - McCain economics don't work.

CynPro, I wouldn't count out McCain and the "hockey mom" just yet. For some reason the "hockey mom" seems to garner support of women, even though she hasn't put forth any details of her political intentions yet. I guess supporting her just because she is a woman is the "thing" to do in some circles.

I'm not sure of what McCain's economic plan is. He talks vaguely about tax cuts, but the details are not there yet. Most of his time seems to be spent criticizing Obama. I guess that the McCain head campaign man doesn't think that this campaign is about issues.

"Perhaps they don't care about issues."
I believe you may be correct. It's hard to wrap my mind around that.

davidpatrick344, every little bit would certainly help. But the estimated cost of $25 billion is a drop in the bucket when you consider the risk to taxpayers with the government takeover.

Conservative estimates place the risk at $3-$5 trillion. That is more that the annual budget of the U.S. not counting what the national debt, new Social Security recipients, etc.

This is a HUGE mess and the rest of the world knows it. That is why many of the investors have pulled away from Fannie and Freddie and stopped investing in their packages.

It is unbelievable that the treasury allowed the CEOs to retain their positions after allowing them to borrow from the gov.

Well, the "bail out" was when they opened the government coffers to Fannie and Freddie borrowing. (that's when the CEOs should have been removed as a condition for borrowing)

The recent announcement is not really a bail out, but an actual government take-over, where the taxpayers will assume the debt of the organizations. In other words, the taxpayers will take over the firms and their debt, but have not profited from them when things were good.

Sounds like business as usual for the rich and famous who have stopped investing in Fannie and Freddie, because of hard times. Profit and drain an organization of assets, and then pull out and watch them fail.

Nightmare, you certainly have a way with words. You concisely stated one of the saddest characteristics of our society. Small words and touch issues are apparently the way to go.

But let me pick your brain if you don't mind. Is is due primarily to the average individual intelligence of our society.....or the quality of our public education system?

Whichever candidate wins, they will have insurmountable obstacles to overcome. And just think, the public has been so quick to accept or condemn any potential candidate for "moral" issues