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I thought the world was going to explode if we didn't pass the bill though? How can this be? 
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Anticipation that the bill will pass soon.
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The bill is a lie. It's not needed. It won't help anything, just put a bigger burden on the average American taxpayer.Avoid COLONY RUSH on Galactic Civlizations II (both DL & DA) with my Slow Start Mod.
Finding Civ 4: Colonization too easy? Try my Ten Colonies challenge.Comment
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See... we don't need the $700bn.Originally posted by Zkribbler
Anticipation that the bill will pass soon.
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When you jump out of an 80-story window, for the first 79 floors, you can convince yourself that you're flying.Comment
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Um... and what if you actually hover or go back up?
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You're not. It's just that the building is falling as fast as, or faster than, you are.Originally posted by Aeson
Um... and what if you actually hover or go back up?
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We don't need tto shovel over $700bn so that stocks don't go down!
I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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Agreed. Stocks go up and down all the time.Originally posted by Kidicious
We don't need tto shovel over $700bn so that stocks don't go down!
We do need to shovel over $700 bn to keep the credit market open and to keep the economy moving.
By the way, when we shoveled over $3 bn back in 1933 to do, essentially, the same thing, the government ended up making a slight profit.
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To bad The AMERICAN PEOPLE DIDN"T! The Depression lasted for quite some time after that.Originally posted by Zkribbler
By the way, when we shoveled over $3 bn back in 1933 to do, essentially, the same thing, the government ended up making a slight profit.
I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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And a lot of Americans did not have the houses foreclosed upon because of FDR's creation of the "Home Owners Loan Corp," which bought up the loans and refinanced them.Originally posted by Kidicious
To bad The AMERICAN PEOPLE DIDN"T! The Depression lasted for quite some time after that.
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Which brings up the point of what else could be done with $700bn. During the Great Depression they could have done something else with the $3bn also.Originally posted by Zkribbler
And a lot of Americans did not have the houses foreclosed upon because of FDR's creation of the "Home Owners Loan Corp," which bought up the loans and refinanced them.
btw, do you have a source for your info on the depression bailout?I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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We aren't going to be buying up loans and refinancing. We are going to be buying up the bad investments...
People are still focused on the loans, that has little to do with what is going on here.
JMJon Miller-
I AM.CANADIAN
GENERATION 35: The first time you see this, copy it into your sig on any forum and add 1 to the generation. Social experiment.Comment
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The mortgage backed securities... which could (and probably will) end up making the government more than $700B“I give you a new commandment, that you love one another. Just as I have loved you, you also should love one another. By this everyone will know that you are my disciples, if you have love for one another.”
- John 13:34-35 (NRSV)Comment
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In 10 years or so maybe.
If you count interest on the debt I'm sure they won't break even.
I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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