Are we going to "RESCUE" the airlines, auto manufacturers, and every other struggling industry too??

[polichick]

What happens to our economy if the airlines keep failing? Where will business be if we can't fly?

Has Bush & Co. demanded that Congress bail out Detroit? Why not?

Where would/should it stop?

[Medusa]

1. Use the google.

we bailed out the automakers last week.

[blondeatlast]

5. Yup. nt

[BzaDem]

2. Wouldn't matter if we don't pass a bailout.

There wouldn't be much left to resuce, when businesses can't even get short term loans to meet payroll.

[lapfog_1]

4. This is what people don't understand.

but "bingo" anyway.

[truedelphi]

3. Those brave people voting agains the measure on Monday know that many tools exist

To help out the banks and failing financial insitutions.

But giving 770 billion to Paulson is not going to be any more succesful than giving our war effort in Iraq to Halliburton, Bechtel Blackwater, et al.

[blondeatlast]

6. In the meantime, those "brave people" closed thousands of small businesses

and lost that many more jobs...

Some "bravery." Hope they feel that brave when they stand toe ot toe with a constituent directly affected by their failure NEXT WEEK. Yes, it's that bad.

Economics 201--what happens when small business can't make payroll..

[truedelphi]

23. Do you think small businesses will be helped when bread is $ 600 a loaf?? n/t

[truedelphi]

24. Also, you are aware that the entire derivative market is a wash!

Not that 514 Trillion dollars means anything to the Congress or the president. We will just pass another TAXPAYER welfare bailout.

What's that you say? That in a good year our entire economy is only 13 Trillion??

Well, you see, there are magic fairies and elves who live inside the basement at our Federal Reserve, and as long as We the People keep letting Congress put together Bailout legislation, money can be endlessly printed, and it will all work out.

Or so the fairies, elves and M$M tell us.

[polichick]

8. True, and Halliburton moved to Dubai as soon as people started asking...

...them to account for billions of our money ~ now we'll never get it back.

[truedelphi]

27. In a Banana Republic, those who've done the taking

Also Do the leaving - don't matter if they are Halliburtons or Paulsons!!

[damntexdem]

7. And don't forget the yo-yo industry:

it's had some terrible ups and downs.

Oh, but I'll bet that the yo-yos in Congress won't forget. ;-)

[polichick]

10. LOL - ALL of these industries will come back again and again if we keep this up.

[Forkboy]

9. I just wish someone in charge would talk of bailing out the poor and mentally ill and homeless.

I know, I know...that's not a 'crisis'. :mad:

[polichick]

12. And the schools, hospitals, etc. Not enough fat cats there I guess.

[scheming daemons]

11. The gov't DID just lend $25B to US auto makers....

And the Chrysler bailout of 1980 was HUGELY successful, and in the end, profitable for the US.

[polichick]

14. Sorry, I didn't realize it went through. Where does it stop??

[scheming daemons]

15. it wasn't a giveaway.. it was a loan... with very favorable terms for the Gov't

The Gov't will make the money back... with interest.

[polichick]

18. Then it's quite different than this "rescue" plan. I see the airlines needing something soon too.

[blondeatlast]

17. And because of that, tens of thousands of Americans still have jobs.

Not to mention ancillary industies.

[polichick]

19. A loan is very different though.

[Supersedeas]

13. Already handed 25B to Big Auto

[scheming daemons]

16. Didn't "hand" it to them.... it's a loan

[polichick]

21. Much smarter - I have no problem with that approach.

[StreetKnowledge]

20. A bit of a difference between Detroit and Wall Street

Detroit got a loan package. They did that with Chrysler in 1980, too, and made a bunch of money out of it. Wall Street, which gambles with huge amounts of money for a living, is rather different than bailing out General Motors or American Airlines. GM has no way of shoving people out of their homes.

[polichick]

22. Why not give money directly to home owners?

[truedelphi]

26. Were you able to catch Wanda Sykes on Dave Letterman last week

She was hilarious. Was saying, Okay so we now have some schmuck who works two jobs for a lousy $ 12K forking over his tax money so the rich people can keep their fancyhomes and swimming pools. She started suggesting that we get the keys to their fancy swimming pools etc.

Was hoping it would be at YOUTUBE, but apparently it is property of the TV Network.

[rucky]

25. Now we all know the difference between Facism and Socialism. n/t