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: 08-20-2008
Mon, 11-24-2008 - 10:05pm

"Not at all, we blame it on the "dopes" "

Good insult. Keep using. And I'll keep asking, if the Democrats were dopes, what does that make the Republicans who were supposed to be in charge for the past 8 years? Using your logic . . . geniuses!

PS Can you please talk some more about how people are right when they compare Obama to Hitler?

iVillage Member
Registered: 11-19-2008
Mon, 11-24-2008 - 11:36pm

>>> Good insult. Keep using.

I will...but your consternation sounds more than a bit hypocritical considering it's a derivation of the acronym YOU frequently use. LOL!

>>> And I'll keep asking, if the Democrats were dopes, what does that make the Republicans who were supposed to be in charge for the past 8 years? Using your logic . . . geniuses!

Were you thinking that "dopes" (Democrat officials and politicians everywhere) was a reference to the relative intelligence of the noble Democrats? Why, whatever gave you that idea? I'm sure that it's meant with every single bit as much respect as your oft used "fops."

>>> PS Can you please talk some more about how people are right when they compare Obama to Hitler?

Why don't you examine the political rise of both Hitler and Obama and then share with us how completely unalike they are and put any future comparisons to rest?

iVillage Member
Registered: 11-22-2008
Tue, 11-25-2008 - 12:36am
Thank you.
iVillage Member
Registered: 11-22-2008
Tue, 11-25-2008 - 12:37am
I very much agree.
iVillage Member
Registered: 11-22-2008
Tue, 11-25-2008 - 1:18am

"Keep typing away,

iVillage Member
Registered: 11-22-2008
Tue, 11-25-2008 - 1:23am
iVillage Member
Registered: 11-22-2008
Tue, 11-25-2008 - 1:27am

"Again, You are wrong."


iVillage Member
Registered: 11-22-2008
Tue, 11-25-2008 - 1:30am

"You are exactly right.

iVillage Member
Registered: 06-20-2005
Tue, 11-25-2008 - 6:18am

Glad you corrected yourself on the terms of a "potential" annual bonus.

iVillage Member
Registered: 08-13-2008
Tue, 11-25-2008 - 7:10am

What exactly are you denying you said? You claimed the workers were not worth what they are paid, yet the company willingly paid them. You are making a judgment on their business based on current circumstance, not past circumstance. it is easy to pronounce this a problem now, when their business has tanked... but when they are selling an average amount of cars it is perfectly sustainable. What wasn't was the health care burden - this should be done differently, and cover everyone.


Unless you edited, you have made this statement repeatedly. and fact stated they are worth something like 10-13 dollars an hour.


You also claim unions have more rights than citizens, yet think corporate shields are ok. Inconsistent.


You questioned my comment about destroying your own market - that is the product of your advocacy - if you strip away wages collectively bargained, give companies license to pay as they wish - the middle class takes a hit, and as a result the buying power in this nation takes a hit. There is less money to buy the products of others.

Full length fiction: http://llhaesa.org/ (pronounced la.hay.ess.sa)



Full length fiction: worlds undone

"You have no power over my body..." ~ Anne Hutchinson

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