Responsible bail out

iVillage Member
Registered: 08-13-2008
Responsible bail out
272
Wed, 11-19-2008 - 9:05pm

I am for the bail out. I've supported the overall idea since it was first proposed. What is distressing is how we are apparently totally bungling the power granted to this administration.


My bad. I should have known they could not even get this right.


On the way home tonight, NPR's Marketplace ran a story on how executives are being paid bonuses, and that companies are paying dividends - out of this funding. Few are doing anything remotely close to lending.


Barney Frank was right to be outraged at the lack of assistance for homeowners, and the continued reluctance of the administration to assist homeowners.


And today comes word of deflation, a huge, huge red flag that screams the 'd' word. Folks, we are on the cusp of 1930, and our leaders, given latitude they did not have in 1930, are f'ing it up.


I am no expert on this, but the way they explained this tonight, deflation can spiral downward, last occuring way back in the 1930s.


There is 450 billion left. How do we use this intelligently? First thing that has to happen is mandate no bonuses and no dividends to any company receiving funds. Mandate they must lend, and we will gurantee mortgages they renegotiate to better terms for the homeowner, allowing them to stay, with a certain acceptable parameters. Set quotas on how many mortgages they must underwrite a day, how many auto loans, etc. Publicise acceptability criteria, so people know before going in whether they qualify.


If there are one too many automakers in Detroit, don't close one, set it to a different task - any ideas out there on how we could divert them to something that helps us face other issues? America has to build things again... what can we get them to build? Financing isn't the problem, the money will be there - any ideas?

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iVillage Member
Registered: 11-22-2008
Sun, 11-23-2008 - 12:09pm

"Now don't forget to include Democrat congresses."


iVillage Member
Registered: 03-25-2007
Sun, 11-23-2008 - 12:15pm
It is difficult to compare Japanese payscales to those in the US.

Sopal

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iVillage Member
Registered: 01-28-2004
Sun, 11-23-2008 - 12:18pm

It would be interesting to see the data matched up to when the Democrats controlled the house. I usually base my vote on how much is extracted from my income as taxes. And I'm in one of those lower brackets.


This is interesting too:


http://walk-onlegislator.blogspot.com/2008/06/democracy-in-our-time.html

iVillage Member
Registered: 11-14-2008
Sun, 11-23-2008 - 12:18pm

Not good enough.

iVillage Member
Registered: 11-22-2008
Sun, 11-23-2008 - 12:26pm

"It is difficult to compare Japanese payscales to those in the US.

iVillage Member
Registered: 11-20-2008
Sun, 11-23-2008 - 12:28pm
I currently own a Chrysler, and am very happy with it. Previously I have owned a Mercury (I guess technically I still own that one, my son drives it though), a Dodge, a Ford and a Chevrolet. I have been happy with all of my cars and only got rid of them if I needed a bigger car - due to the need for car seats, or I just ran them into the ground - as in the car was older than 10 years. I never understood why American cars get a bad rap because I have always had good experiences with my American cars. My ex on the other hand had a Honda that was a real lemon a few years ago - I think he is back to American cars now as well.
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iVillage Member
Registered: 11-22-2008
Sun, 11-23-2008 - 12:47pm

They still have a long way to go to earn back the reputation they need.


Did you listen to the Ford commercials this summer?

iVillage Member
Registered: 11-22-2008
Sun, 11-23-2008 - 12:57pm

ITA!

iVillage Member
Registered: 01-05-2008
Sun, 11-23-2008 - 1:15pm

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Guild Member since 2009

iVillage Member
Registered: 11-22-2008
Sun, 11-23-2008 - 1:16pm

It is, frankly, hilarious that you would cite Obama as the projected creator or deficits after we have had record deficits under the current president.”


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