How is the bailout going to save the American economy?
April 1st, 2010 | by admin |sweethoney9079 asked:
How is the bailout going to save the American economy , and what is the root of the economic problem and how is fueling the banks with cash is supported to remedy the problem ?
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How is the bailout going to save the American economy , and what is the root of the economic problem and how is fueling the banks with cash is supported to remedy the problem ?
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8 Responses to “How is the bailout going to save the American economy?”
By ATTENTION: Testicles That Is All on Apr 4, 2010 | Reply
It will help American’s wake up and realize that Democratic policies are harmful to our nation and it’s economy so they will elect Republicans in 2010 and 2012
By Thomas R on Apr 4, 2010 | Reply
Because it will give people jobs which empowers the middle class which is the true heart of the American engine.
Businesses need credit to get stuff. People need credit to get stuff.
By spudbites@yahoo.com on Apr 7, 2010 | Reply
Same way it made the Republicans look so good for a time- spending is fine when you don’t double the deficit in 8 years and then bail out the rich at the very end. As a centrist I would have liked to se more of the funds go toward energy independence for which we shell out 700 billion a year. Nuke plants!
By Spud on Apr 11, 2010 | Reply
The root of the Bush Depression is the mortgage crisis and resulting “toxic” investments. The ONLY WAY (and most efficient way) to correct that is to give support to the failing home owners.That’s not being done. The money being “invested” this time around will do nothing in that regard. And, by the middle of the year, there will be yet another round of mortgage failures similar to last year’s, and nothing at all is being done to prevent that.
By Gene S on Apr 12, 2010 | Reply
Not a banking expert, but I know a little of human nature. it tells me , by watching the behavior of the Wall Street and banking and investment parasites, the only people who will benefit are themselves. Already, as the country is falling down around us, executives get office makeovers, bonuses are paid to the tune of $18B, financial institutions go on week long spa retreats at $440,000, and upland bird hunts to boot. This is all “post bailout ” money, and the homeless and poor die daily while these bloated tapeworms feast on our misfortune. The fires in Hell are being stoked as we speak, and they will burn a long, long, time. At best, Our Beloved Obama speaks of the money being spent, the effects will not be felt until 18 - 24 months from this point. Plenty of suffering in store for all except the rich.
By just agree w/me it saves time on Apr 14, 2010 | Reply
It won’t. The root of the problem is extremely poor laws enacted by congress. The Dems decided that everyone has the “RIGHT” to own a home-even those that can’t pay the money back-and should have one. So they told the Banks-b/c congressional members know more about banking than bankers-that they have to make all these risky loans. THen Fannie and Freddie bought up all the risky loans, b/c the gvt said they would back these high risk loans. Fannie and Freddie-run by our current fearless leaders chief financial advisors cooked the books to look like things were going well.
Some members of congress took note of some warning signs, mostly McCain and tried to get Congress to look into the situation properly. But, alas, Barney Frank, Pelosi, Reid, Obama, et al. said nah, things are alright. We don’t need to “fear monger” these lending institutions and the public.
So we continued until the bubble blew up. Now the Dems are fear mongering the public and trying to pass even worse legislation-in the form of this current non-”stimulus pkg”.
Moral of the story-tell congress to get their collective noses out of the market and leave things alone. If they do everything will be alright.
By Ratherbridin on Apr 14, 2010 | Reply
To bad our politicians haven’t asked the same questions. When are you running for office?
By Pat on Apr 15, 2010 | Reply
Government spending on projects that many pretend to believe are “frivolous” will create JOBS.
Jobs create PAYCHECKS.
Paychecks are spent at stores, restaurants, car dealerships, hotels, etc., etc., etc.
When those businesses have more money, they can hire more people, which creates more JOBS.
See?
The root of the problem is that the republics have deregulated every industry for the last 30 years until the pigs who run them have run them into the ground.
The banks were supposed to use that cash to lend to middle-class people for homes, cars, etc.
The idea was that the infusion of money would fuel the job-creating function.
It didn’t work because the pigs who run the banks put the money into their own pockets.
And cheneybush had no REGULATIONS to prevent it.