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Author: Subject: Thw Whipping Post BAILOUT Poll

World Class Peach





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  posted on 9/26/2008 at 10:47 AM
Ok this is not rocket science are you for it or against it?

Myself i am against it 100%

 

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Zen Peach



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  posted on 9/26/2008 at 10:53 AM
For it with legit oversight and a clear plan.

Yeah, I know. I'm a dreamer.

 

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Peach Extraordinaire



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  posted on 9/26/2008 at 11:00 AM
For it, only because all indications are from every economic expert, there is no other option.

 

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Zen Peach



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  posted on 9/26/2008 at 11:02 AM
Against it, other reports saying it isn't needed.

 

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Zen Peach



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  posted on 9/26/2008 at 11:03 AM
All during shrub's speech reading, all I thought of was "Iraq has weapons of mass destruction".

 

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Peach Master



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  posted on 9/26/2008 at 11:04 AM
As much as I'd like to say yes, I'm going to have to go with I'll pay for Wall Street's eff ups when Wall Street starts paying for mine.
Smacks way too much of corporate welfare to me.

 

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Zen Peach



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  posted on 9/26/2008 at 11:05 AM
against it

Nader: " Capitalism never fails because they always get socialism to bail it out"

 

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Zen Peach



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  posted on 9/26/2008 at 11:05 AM
Waiting to hear what final plan is. Could not say right now definitely against due to what I've read from financial experts.

 

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True Peach



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  posted on 9/26/2008 at 11:06 AM
Undecided. This one really has me confused. There is simply no US historical baseline here for me to make a judgement from. Sure there was Chrysler, but that was just one company that produced alot of jobs(then). The RTC deal was simply honoring FDIC obligations, not any voluntary action. Leaning for I guess.

 

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World Class Peach



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  posted on 9/26/2008 at 11:08 AM
I'm dead set against it.

No need to bail out the Whipping Post.

They got themselves into this mess, let them get out of it on their own.

 

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Zen Peach



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  posted on 9/26/2008 at 11:09 AM
Undecided at this point. One thing that continues to bother me is the speed that all of this "has to happen." My feeling is that if all this happened three months after the election there would be a much more patient and deliberate approach to solving it. Something stinks.

 

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Peach Head



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  posted on 9/26/2008 at 11:09 AM
quote:
For it, only because all indications are from every economic expert, there is no other option.


No other option for saving wall street hustlers' asses, that is. I'm getting the feeling that we are being played with scare tactics again. Like "we are only 30 minutes away from nuclear bombs landing on U.S. soil" for justification for invading Iraq?

So, no, unless we get clear explanations and justifications other than we are all going to lose our jobs if a bail out is not done. Haven't we learned we can't trust this bunch?

 

Zen Peach



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  posted on 9/26/2008 at 11:10 AM
Why don't we just attack the banks instead ?

 

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Zen Peach



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  posted on 9/26/2008 at 11:11 AM
As it stands now.....against it....but willing to listen to reason.

 

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Maximum Peach



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  posted on 9/26/2008 at 11:11 AM
Hate it, but with a clear plan, unfortunately seems like it needs to be done.
 

Maximum Peach



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  posted on 9/26/2008 at 11:12 AM
quote:
Why don't we just attack the banks instead ?


They already have been...by hedge funds.

 

World Class Peach



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  posted on 9/26/2008 at 11:13 AM
quote:
Why don't we just attack the banks instead ?


I'm all for it. Except you have to wait in those long lines first.

 

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Maximum Peach



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  posted on 9/26/2008 at 11:16 AM
Against it!!!!!!!!!!!

 

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Extreme Peach



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  posted on 9/26/2008 at 11:22 AM
quote:
For it, only because all indications are from every economic expert, there is no other option.


could not agre more.

 

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Zen Peach



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  posted on 9/26/2008 at 11:30 AM
Against it in its original form.

Undecided right now until I know more of the details.

 

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Zen Peach



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  posted on 9/26/2008 at 11:32 AM
undecided

 

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Zen Peach



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  posted on 9/26/2008 at 11:34 AM
I'm against it.

This is a Band-Aid on a symptom of a patient that has a near terminal illness.

It will add another trillion to our national debt, with no guarantee of a return.

And I tend to be skeptical when George W. Bush tries to scare me.

My intuition tells me it might be better to let the chips fall where they may, even if it means our greedy, corrupt way of doing business in this country is left in a shambles. I think the entire way we look at business in this country whould be overhauled, and this is just the sort of thing to let that happen.

A lot of folks in America won't be quite so high and mighty when they are selling their toys at yard sales to try to keep from losing their McMansion.

 

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Maximum Peach



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  posted on 9/26/2008 at 11:37 AM
I agree Allen!!!!!!!

 

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Ultimate Peach



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  posted on 9/26/2008 at 11:47 AM
Briefly breaking my promise not to post on the WP, but unfortunately and as much as I hate to say so, there's got to be some sort of plan and government action to solve this crisis. Any I do hope the government comes up with a GOOD WORKABLE Plan and not just a mere "bailout".

Was reading Steven Pearlstein column (see link) this morning and he's right when he says

"You can try to prevent a financial meltdown or you can teach Wall Street a lesson, but you can't do both at the same time. "

I'm as mad as anyone else about this, but nevertheless the country can't let it's economy fail because of the actions of some of those on Wall Street. The reality is if they go down, they're taking a lot of innocent peoples "financial security" with them. For many of us around here our "net worth" is mostly tied up in our home's equity and 401K investments, and I can only imagine in my worst nightmare how a "financial meltdown" would effect that.

Pearlstein finishes his column with this final thought

"it is important to give the Treasury secretary and the people he hires a good deal of flexibility in designing and experimenting with the mechanics of this rescue. The reality is that these guys will be operating in uncharted territory, making things up as they go along. That means there are no assurances that any particular approach will work and no assurances that this will be the final solution. It also means that, just as we entrust generals to fight a war, we are going to have to trust the Treasury to find a way out of this crisis. "

Scary though, but nevertheless very true.

http://www.washingtonpost.com/wp-dyn/content/article/2008/09/25/AR200809250 4311.html?hpid=topnews

[Edited on 9/26/2008 by sibwlkr]

 

Maximum Peach



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  posted on 9/26/2008 at 11:53 AM
For it only if they cut other federal government spending to pay for it.

No more burdens to the tax payer!

 

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