We the People Should Get a Bailout too

If not, what would be your Solution?

from JoeUser Forums

There are so many people who don't agree with this.  Why should the Government continue to give bailouts?  We know the pros and cons of all this.  Those reasons I won't go into because they've all been discussed already.  The people did receive help last year, with money that was supposed to be used to spread into our local areas so that it would boost our economy.  That didn't work.  Most people did the best thing, took care of bills.  Some did spend. Some did half and half, paid bills, possibly buy that big TV, which was also being reasonable!

Everyday I wake up I hear of so many jobs being lost, people being laid off, everyday!  I wondered too if some companies weren't using this economy as an excuse to just get rid of people?  I know that isn't a good way to think, but geech, it's really so awful what is going and everyone is scared!

Companies need help, people need help, what is the solution?  Is there a perfect one?  No.  Because no matter what is done, there will be a lot of finger pointing and blames all around as to why this shouldn't have been done.

 

My reasoning for bailouts for the American People is that lots of people are in over their heads.  They cannot move forward, they continue to slide backwards.  Not just those who got themselves in trouble of their own accord, but even those people who did what they were supposed to do are now in trouble! 

My thinking is that if people were given enough to take care of say, at least 50% of their debts, then that would be a major relief, and perhaps then, they could move forward.  Is that being too naive in thinking?  Perhaps.  Is the Government responsible for the debts its people created?  Of course not!  But let us look at what this could do for each person in the long term. People continue to be less confident because of the economy. 

A small stimulus check didn't do it the last time, and won't do it now. Because people are even further in debt than they were before!  They need a significant amount that will help to dig them out of the ditch they are in!  I know that some people won't be mindful and do the right thing for themselves, and if they don't, then they continue to be idiots!  But why should those who really need the help be denied just because of these few?  This help should be given to all who need it, including businesses.

The auto industry received their bailouts, the banks did too.  Then why shouldn't the American people should get theirs too!

americans bailouts debts
11,236 views 22 replies
Reply #1 from JoeUser Forums Top

Dont listen to the news.  Everyday you hear of people getting laid off?  The unemployment rate is only 6.5% (it probably will go higher).  But we forget the stagflation of the late 70s (over 10%).  Or the "Worst economy since the depression" of the early 90s (it was about the same as today).

Obama has already decided to "give" some a bailout. (We use to call it welfare, but that word is not longer in vogue).  It is time the government stopped deflating our money.  That would be a good bailout!

The problem is not the economy.  We have had and will always have recessions.  The problem is the hysteria of the media and trying to lower expectations of Obama (which should never have been raised, but then they already did that).  People need to get a grip, or we will be looking back on today as the good old days as we struggle through another government induced and propigated depression.  And I dont think we really want the solution for the last one to be how we get out of the next one.

Reply #2 from Stardock Forums Top

I say the average person, regardless of income (unless in the billions  :grin: ), should have half of their debt that you can find on, say Equifax, removed if it's been there for, say, 4 years or more. I mean, the way I see it, if the economy continues to drop, not only will those debts be less likely paid, but new ones will be added. At some point most of it may never get paid till several years from now if ever. So once our economy starts coming back (God knows when) are we gonna start our society with the average person having a 200 credit score (I don't know how credit scores excetly work so am using 200 as an exageration)? It's just a crazy suggestion but at this point, seeing as we can't even figure out what the banks did with the billions they have been given, I don't see why the average person can't be forgiven for debt as well. I think it's unfair the companies and banks are given so much money, allowed to take extravagant vacations and then not be held accountable for not knowing where the billions went while we the average people continue to get screwed with late fees, bad credit and job losses.

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Reply #3 from Stardock Forums Top

Dont listen to the news.

Believe me, I try not to sometimes, but it just comes at you from every direction!

 

I say the average person, regardless of income (unless in the billions ), should have half of their debt that you can find on, say Equifax, removed if it's been there for, say, 4 years or more

That's an ideal way to do it!  Thre as to be stipuations though, very strong ones because with some people, they have less debt, they go right back.  They should be made to take financial classes and investment ones too.  And if they mess up, they pay it all back or lose their house or something that will really keep them on track!

 

Here's a solution.
Let's gather in a bloodthirsty mob, swarm DC, and summarily execute every single politician that we can get our hands on, and then start all over.

That would only appease our anger and frustrations, for a bit, maybe!  We might end up killing each other! :banhammer:

Reply #4 from Stardock Forums Top

That would only appease our anger and frustrations, for a bit, maybe

It's a start. perhaps we can combine both of our ideas and maybe modify them a bit more?

Reply #5 from Stardock Forums Top

We could always jump ahead of time, drop our nuclear bombs, kill 50% plus of humanity and see if that theory that a major disatser will bring everyone together works. At least that is how The Terminator, The Matrix, Star Trek and Wall-E portray it.

Reply #6 from Stardock Forums Top

We could always jump ahead of time, drop our nuclear bombs, kill 50% plus of humanity and see if that theory that a major disatser will bring everyone together works. At least that is how The Terminator, The Matrix, Star Trek and Wall-E portray it.

But that won't help Charles!  And at least two humans, man and woman, will have to be around to start over! :D   I also don't think God would like us taking His job away! ^_^

Reply #7 from Stardock Forums Top

It was just an idea. We could always wait till an alien spicies decideds to conquer us and maybe we will fight back like Will Smith.

Reply #8 from Stardock Forums Top

Good article Donna, but truth is all the "bailouts" are on the backs of the people like me and you, like that old song says, the rich get rich and poor get poorer, ain't we got fun?

Reply #9 from Stardock Forums Top

The bailouts were a bad idea, so why would handing the money out to people be a good one? For centuries companies and banks have gone out of business, and we all survived. If the recent bank bailouts did not occur, what would have happened? The small investor (< $100K) would have have gotten their money back through FDIC insurance. The evil rich would have lost some money, and those evil investors too. Isn't that the Democratic parties wet dream? The government would have had to pay out much less in insurance.

If the US auto industry failed would that mean we would have no cars to buy? No plenty of other suppliers would have filled the void and maybe some new US manufactures too. A large percentage of US car buyers don't give a rats ass anyway as they all ready purchase foreign cars. What about the poor US auto workers? Foreign cars need parts too. With US auto manufactures gone, there would be a huge demand for workers at the US based foreign manufactures, they would be expanding to meet the newly created vacuum. Many auto workers would just migrate into new jobs at more reasonable (well maybe not in their eyes) pay rates.

Now if you could turn the clock back before the huge bailouts. a second "handout" to the people might have been nice. But what would giving money to people that are ill equipped (responsible), or in short reward some for bad behavior? The sensible thing would be to give it to people that are responsible, maybe a credit score of 650+ (that's an arbitrary number). But that would exclude people and would be labeled racist, insensitive, or immoral (funny how that applies to many common sense approaches). So in the end it's not worth it, either it goes to irresponsible people or irresponsible companies, either way it's still wasted.

The "hope and change" crowd is going to have tired arms, waiting with their hands outstretched. Any future "stimulus" will not be enough to help anyone that deserves it for long and too much for many that don't deserve a red cent. Donna, you're too kind on goodness of human nature. I think a large percentage of the first stimulus when to booze, drugs, cigarettes, lottery tickets, and down strippers g-strings. Sure it puts it back into the economy but at what additional price. If only giving people money would make them wise. even if this was only 1% (and I have a gut feeling it was higher) it's too much.

 

Reply #10 from Stardock Forums Top

We could always wait till an alien spicies decideds to conquer us and maybe we will fight back like Will Smith.

lol!

Good article Donna, but truth is all the "bailouts" are on the backs of the people like me and you, like that old song says, the rich get rich and poor get poorer, ain't we got fun?

Thx Elie. I know the bailouts aren't the only solution but it is a start. Yes, that old addage always there! 

A large percentage of US car buyers don't give a rats ass anyway as they all ready purchase foreign cars. What about the poor US auto workers? Foreign cars need parts too. With US auto manufactures gone, there would be a huge demand for workers at the US based foreign manufactures, they would be expanding to meet the newly created vacuum. Many auto workers would just migrate into new jobs at more reasonable (well maybe not in their eyes) pay rates.

Perhaps the newly created jobs wouldn't have been a bad thing were this to have happened.  I do think that we would survive, however the auto companies are big whiny babies who don;t really care about what they do to the little man workers. 

The sensible thing would be to give it to people that are responsible, maybe a credit score of 650+ (that's an arbitrary number). But that would exclude people and would be labeled racist, insensitive, or immoral (funny how that applies to many common sense approaches). So in the end it's not worth it, either it goes to irresponsible people or irresponsible companies, either way it's still wasted.

Yes, it would be a start but so many would be left out as you say.  It is a no win situation.  The thing is, something needs to be done to help so many, what exactly?

I think a large percentage of the first stimulus when to booze, drugs, cigarettes, lottery tickets, and down strippers g-strings. Sure it puts it back into the economy but at what additional price. If only giving people money would make them wise. even if this was only 1% (and I have a gut feeling it was higher) it's too much.

And the porn industry still want a bailout?  Not enough spent!lol!

Reply #11 from JoeUser Forums Top

Something else to consider.  What these bailouts are doing is Taxing the people in 2 ways.

First, it is our taxes paying for it.

But Wait!  You say!  They are not raising taxes and even talking tax cut!  SO it is not costing us anything!  RIght?

Wrong.  Second, the trillions of dollars being "created" are devaluing your money.  So now your loaf of bread costs $3, instead of $1.5.  Why?  TOo many dollars chasing too few goods.  And for proof of that, you dont have to look far.

Why do you think we had a housing boom 5 years ago?  The number of houses did not increase a lot, but the price sure did.  Why?  Bidding wars.  When 2 people want the same loaf of bread, the one that offers the most money (outbids) will get it, regardless of the sticker price.

So Mr. Obama (and Bush) are not only bailing out the "Rich" as MM says, they are taxing you to do it.  But that is compassion, right?

Reply #12 from Stardock Forums Top

How about if we find everyone who has more than $10k of credit card debt and take away their right to vote so that we don't have politicians who cater to people who can't handle money and thus eliminate a lot of the calls for more spending to bail these people out?

Reply #13 from Stardock Forums Top

 

But Wait! You say! They are not raising taxes and even talking tax cut! SO it is not costing us anything! RIght?

I think we all know that if taxes are not raised, or are eliminated, the money has to be gotten from somewhere else, somehow! 

Why do you think we had a housing boom 5 years ago? The number of houses did not increase a lot, but the price sure did. Why? Bidding wars. When 2 people want the same loaf of bread, the one that offers the most money (outbids) will get it, regardless of the sticker price.

It is our fallacy, our greed, or at least, some people's greed that causes situation like this!  Both on the buyers and the sellers part.

So Mr. Obama (and Bush) are not only bailing out the "Rich" as MM says, they are taxing you to do it. But that is compassion, right?

It is not fair and we all know that. But there is no fairness in politics.  It irks me as it does you and everyone else that our politicans still cannot get it right! 

 

How about if we find everyone who has more than $10k of credit card debt and take away their right to vote so that we don't have politicians who cater to people who can't handle money and thus eliminate a lot of the calls for more spending to bail these people out?

Well, I would be all for that if it didn't take away the people's right to free will.  What would be better is being able to eliminate the politicians who contineously mess up and are still sitting on their chairs!   Just don't even give them the opportunity to put themselves up for a vote off, they have to leave period!  Perhaps then they might do what is right. 

Reply #14 from JoeUser Forums Top

Quoting little-whip, reply 3
Here's a solution.

Let's gather in a bloodthirsty mob, swarm DC, and summarily execute every single politician that we can get our hands on, and then start all over.

I've been advocating that over coffee in truckstops for years now.

Reply #15 from JoeUser Forums Top

Bailouts are nothing more than the politicians helping out their major campaign contributers, which is pretty much all they ever do anyway. "We The People" don't matter at all to those people and will never see any real help from that pack of bastards.

Reply #16 from JoeUser Forums Top

Thank you but I would rather have made my own money rather than dipping into my neighbors pockets for the money they earned.

Government "bailouts" is just another way to steal from successful people and business and give it to those who have been unable to manage themselves.

I wonder how things would change if those that were giving money had to write a weekly check and those that were recieving had to get in a handout line.

Reply #17 from JoeUser Forums Top

Bottom line...I've seen how the rich steal in the past year or so. I refuse to boo-hoo for them another minute.
Bullshit.  The rich don't steal in any degree to which they are stolen from (by the feds).

The rich aren't some group of back-of-the-restaraunt club trying to rob the poor innocents.  For the most part the rich are the ones making and building and busting thier asses to get ahead.  Look at the statistics on who are teh rich and what do they do.  Then look at who pays the most taxes.  The poor are already getting a bailout on the back of all taxpayers; the rich most of all.

My goal is to be rich someday.  I'll work my ass off to get there.  I'll have to balance what is legal for me to do and what I am morally guided to do within those laws  to get there.  And once I am there I want to have teh fredom and ability to give back to society without the bunglers in Washinton getting in my way by giving "bailouts" to industry or peopel that can't manage their OWN money let alone MORE of MY money.

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Whew.  That felt good.

Reply #18 from JoeUser Forums Top

It irks me as it does you and everyone else that our politicans still cannot get it right!

Wisdom is gained with each revelation.

Reply #19 from Stardock Forums Top

Bailouts are nothing more than the politicians helping out their major campaign contributers, which is pretty much all they ever do anyway. "We The People" don't matter at all to those people and will never see any real help from that pack of bastards.

I think most people realize this now.  All that has come to past, and will continue to be realized as we learn more about the going on's or dealings in the big government!  We the people are holding them more accountable!

 

Government "bailouts" is just another way to steal from successful people and business and give it to those who have been unable to manage themselves.

Yes, the successful working people who all pay taxes if they work a certain amount annually.  Not just the wealthy and super wealthy.

 

Pfft @ taking from the rich, it's gonna happen anyway.

Anyone who has more than their neighbour is rich!  That much we've all discussed and it's often agreed to, even on this site. 

 

Bullshit. The rich don't steal in any degree to which they are stolen from (by the feds).
The rich aren't some group of back-of-the-restaraunt club trying to rob the poor innocents. For the most part the rich are the ones making and building and busting thier asses to get ahead

Yes and true for the ones who do it honestly!  But there are those who do steal from everyone to get there!  And there are those who only give away cash when they know they will get something from it, or it isn't coming from their own pockets! So it is some not all!

 

My goal is to be rich someday. I'll work my ass off to get there. I'll have to balance what is legal for me to do and what I am morally guided to do within those laws to get there. And once I am there I want to have teh fredom and ability to give back to society without the bunglers in Washinton getting in my way by giving "bailouts" to industry or peopel that can't manage their OWN money let alone MORE of MY money.
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Good luck with your plans and don;t let anything or anyone stop you! :yes:

 

Whew. That felt good.

Whohooo!

It irks me as it does you and everyone else that our politicans still cannot get it right!
Wisdom is gained with each revelation.

True. But it is such ann awful way to learn mistakes by what they do wrong!

Reply #20 from JoeUser Forums Top

Quoting little-whip, reply 24

50 billion...gone, with not a thing to show for it other than Madoff's fat and satisfied face.

Another 350 billion up in smoke, paid to bankers who can't account for a dime of it.

Who's stealing from who here?

At least when i pay my taxes, I get a military, I get roads, I get a retirement/disability plan.

What have Bernie's clients gotten?  What's happened to the savings and investments people had in those banks?
One person (or even many) does not make a majority.

I never claimed that rich people don't steal (or the poor, or blacks or whites or men or women or whatever).  I claim that you cannot say that "The Rich", as a class, steal.  [And using loop-holes is not stealing; it's maximizing the law in your favor . . a smart thing to do to get and stay rich).

Reply #21 from JoeUser Forums Top

     new to your posting web-site

         I'm 53 years old, here is what i think  Our great and almighty Gov. is sending us bull crap

it only purpose is to help " we the people "  fat chance  I say and here's why ?  all my life.  I here how the eldly will be help-ed

there no more middle class and the poor will always be poor.  We the people have have grown, I think since ever i could rememberwe the people have been paying out for programs to help  "we the people " But still no one group aparently not where or what is really being done to help. Good taxpaying men and women are paying sorry, being force to pay again and again. One man said" we have been paying  for auto's for a hundred years, the Gov. pays into electric, and water...all for us " we the people"  so we pay and pay out and give and give out and many us who fall into this paying and given  have no idea why, where to whom all this money goes and is be spent or given ,hell some of this money is paying for ellegal drugs and or ellegal stuff even flying  ship that no one can tell what the hell is happening.   I want to make a point  mainly about 

BAILOUTS:   IF THE MONEY, OR CASH MONEY WAS TO PERHAPS INTO regular normal folk. In case it were to happen "not likely"  but in case  say  a reasonal amount of money say $ 300.000.00 dollars  , have taxing paying people fill out a form and mention where this money could be spent in given maybe a list say making a list of 5 large bills that could be paid.. an exsample would be small home loan, child support, college,all credit cards, and opening a saving account.... this would be a way to put money back into a broken Goverment run programs with some much pork it be crasy!  Now say there is 300 million people in the USA  ,then say 100 million peopleown homes and pay taxs and have these wonderful bills reach no one wants us to payoff no in the short term,so it seem to me everyone around us "we the people " really want is to control us and not really help. I believe with out this control more and more USA people could makes things worst.. we already no Gov. is having problems, well if the was to be this wonderful bailout for "we the people " would it not make more jobs ,make more compaines, more programs, more product perhaps, in General more of everything and let say only 20% of these " we the people" was to make good on there Goverment bailout money programs, would it not be making the so called Goverment than have to help manage these new idea's and new jobs, so than what ,is this the American dream or waste full pork, amd did we make  it happen I say if you all can make mistakes with our money and can't control it. please give us "we the people " a chance put your confidents in us " we the people " and see us threw to make good back us up for once , the least you can do is support idea's that make us as "we the people " idea can into it.. My opinion is the Gov. is breaking our back bone ,kill real people who care and have deep respect, and have earned that american dream that we all thought we here for.  please stop killing us using our own money for killing " ever heard of " save the children " people with money have lost the real scope of how they become rich an block out the little vow never to be poor not realizeing " it much more harder to become when so many vow to keep you poor" so stands before the tax man, and who vows to pay his taxs after if he were to start rec'ding his bailout money and start paying his income tax,, who stands for that American dream. I think better to live/ or die with some money either way I choose to die with enough money if I was to choose , mean to say my kids think of this our kids will be paying for life stlye there sweep is paying for it , were living off our kids for many years already.  I demand our bailout Big Mr. Goverment people we all can fill out those forms for your records, Please we need it, some of us are going to die very poor and so hurt inside becoz, all this money . and last word thinking you help out the businesses who are not asking or needing this hands out, 5 yrs from now they becoming for more, and if your thinking so will we at least it won't cost billions or trillions x's how many did you need now ?  600.000> people lost jobs in January 2009 ,1 month  I say give them 2 million each, for keeping there jobs this long , let me see 600.000 people muiltple by 2  equals 1.2 billion muiltple by let see we have 100 million people who need bailouts money  say we give to make this easy  1 million each is one billion dollars say it runs a bit over. you no millions , trillions or higher don't part of or lots of parts of die poor, after all our father fought WAR 1, WW2 AND MANY OTHERS  some if they could would die still today for this country and the Gov. " we the people " are not all bad, But bad times makes us not so happy if we all were to become a bit more confident with our own bank accounts send the forms we ready to serve were all happy to pay back money we owe, it makes us happy when we are part of a group together we stand , help us " we the people " first then, question is would all of us be to much Goverment for you all?

thank you

 let stand together and win ! 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 I must my piont 

 

Reply #22 from Stardock Forums Top

Trackmac, I appreciate your views, some part unclear, but I get the gist of it!  It is difficult for so many of us who feel as if there is no soft landing for us, the struggle to stay afloat is getting more difficult for many of us who thought we had it together.  Lets hope that soon we can see the light at the end of the tunnel.