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Well, the bailout failed...
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RAWRRAWRRAWRwithtophatlol
Sumakima Josindu



Joined: 03 Feb 2008
Posts: 2565

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PostPosted: Mon Sep 29, 2008 4:13 pm   Reply with quote

http://voices.washingtonpost.com/capitol-briefing/2008/09/why_the_bailout_bill_failed.html

I'm not going to quote this thing, read it yourself.

Flame and call me an idiot, but, I think we're probably going into the next Great Depression. What are your thoughts on this?
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RaveRaze
Mana7
Dead
Dead


Joined: 30 Jun 2008
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PostPosted: Mon Sep 29, 2008 4:22 pm   Reply with quote

Damn bass turds who went and bought houses, yeah were pretty F***ed now but i think we might be able to pull ourselves through, if not im moving to england -_-
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Choco's    
OH GOD
Manpersonguything
Werewolf


Joined: 30 Jul 2007
Posts: 7249

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PostPosted: Mon Sep 29, 2008 5:34 pm   Reply with quote

I think your right, Josindu. Were in the middle of the Grand Depression. The war is really not helping too. And It's all bushes fault.
PLEASE obama, Win!
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TWEWY Pins    
Alice
MILF with a gun
Burning


Joined: 14 Oct 2007
Posts: 12888

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PostPosted: Tue Sep 30, 2008 6:05 am   Reply with quote

Actually, I doubt we're going into the next Great Depression.

We might become close to going into one, but I really doubt we'll actually go into one.

If you understand what I'm saying, of course.
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Teru Shouten    
My soul hurts.
Victor



Joined: 07 Aug 2008
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PostPosted: Tue Sep 30, 2008 10:32 am   Reply with quote

I'll be sitting in my country over here, saving ourselves. Bai.
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Super Cyber Mario
Burning Vampire


Joined: 08 Oct 2007
Posts: 5387

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PostPosted: Tue Sep 30, 2008 4:43 pm   Reply with quote

Wow.

You guys really think that if we elect Obama he's going to use his super magic I am God powers to clean this shit up? McCain is a Republican, so what. just because he's in the same party as bush does not mean he will be like him. And it's a good thing the bailout failed, yes, were are in the deepest financial crisis of generations, but that is something that cannot be stopped now. No matter what we do we will be in huge debt. What you are saying is that we should solve our debt caused by bad loans, by taking out another loan? The market will fix itself, yes, it'll be tough but that's how things work, we can't just expect government to step in and save it. Government should not intervene into the affairs of business. if they do then what's next? My home business fails so they're going to come bail me out? it'll fix itself and it needs to be left alone to do so, spending 700 Billion dollars won't do shit.

And Jesus people, Obama is a junior senator who does nothing but read good speeches off of cue cards. he is not christ, if we hand it over to him we very well may digging a deeper hole. And McCain has serious issues too, but I think I may side with him in this election, he may say bad stuff, but its better to have him say what we need to hear and then he have to explain or re word it then to have someone who could never improvise and only wants to please us.
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Cyber Shop    
Piano Enthusiast
Yoshifan



Joined: 09 Sep 2007
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PostPosted: Tue Sep 30, 2008 4:51 pm   Reply with quote

We learned in Social studies that the economy is supposed to go down after a boom. It's natural. But the govt. thinks it's bad and tries to stop it from going down, and that's not good. 'Cuz then the prices stay high and the market doesn't go down so prices won't fall.
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The Bizarre Bazaar    
MsDevin92



Joined: 23 Oct 2007
Posts: 47446

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PostPosted: Tue Sep 30, 2008 7:25 pm   Reply with quote

I just really wish I knew what EXACTLY was going on here...

The government was gonna take out a loan or something so the rich guys wouldn't go broke, is it? That's what I keep hearing...
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MsDevin92's Bazaar    
Fat Tuper
lovegod703



Joined: 06 May 2008
Posts: 5515

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PostPosted: Tue Sep 30, 2008 7:34 pm   Reply with quote

UnsoundMallard wrote:
Wow.

You guys really think that if we elect Obama he's going to use his super magic I am God powers to clean this shit up? McCain is a Republican, so what. just because he's in the same party as bush does not mean he will be like him.


But what DOES mean McCain will be like Bush is the fact that he agrees with, what? 94% of Bush's opinions. (I forget the real number, but it's around there.)
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Milton Games    
RaveRaze
Mana7
Dead
Dead


Joined: 30 Jun 2008
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PostPosted: Tue Sep 30, 2008 9:32 pm   Reply with quote

Victor wrote:
I'll be sitting in my country over here, saving ourselves. Bai.


The us economic crisis is gonna hurt the economies of other countries as well, if certain conditions are met we might just enter a worldly economic depression, and with that there will be rebellion in other smaller nations who barely have an economy at all
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Choco's    
TooManyToasters
Paper_Waluigi



Joined: 20 May 2007
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PostPosted: Tue Sep 30, 2008 9:38 pm   Reply with quote

Ha ha ha. It's a great day to be Canadian.
Honestly, while this may not be the next Great Depression, it's still a major economic crisis. I wonder how they plan on getting the country out of this enormous hole they've dug.
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asdf    
I TROL U
Mantis15



Joined: 30 Apr 2007
Posts: 7743

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PostPosted: Tue Sep 30, 2008 9:48 pm   Reply with quote

MsDevin92 wrote:
I just really wish I knew what EXACTLY was going on here...

The government was gonna take out a loan or something so the rich guys wouldn't go broke, is it? That's what I keep hearing...
You got the idea.

The government tried to pass a bill that would help bail out big companys and other stuff.

I believe that's correct.
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Relations 'R' Us    
RaveRaze
Mana7
Dead
Dead


Joined: 30 Jun 2008
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PostPosted: Tue Sep 30, 2008 9:53 pm   Reply with quote

TooManyToasters wrote:
Ha ha ha. It's a great day to be Canadian.
Honestly, while this may not be the next Great Depression, it's still a major economic crisis. I wonder how they plan on getting the country out of this enormous hole they've dug.


Canadas screwed too my friend, and no other country gets important things from other countries, so the wealthier countries wont be trying to help you guys out, Our depression gonna kill your economy too awesome
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Choco's    
Eh, wot
Super Slim
Vampire


Joined: 16 Jul 2007
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PostPosted: Wed Oct 01, 2008 10:35 am   Reply with quote




Eh, I'm in upper class, so I don't have too much to worry about.
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Toad Town Shop    
My soul hurts.
Victor



Joined: 07 Aug 2008
Posts: 406
HP: 100 MP: 10 Lives: 0



PostPosted: Wed Oct 01, 2008 12:03 pm   Reply with quote

Jack Sparrow wrote:
TooManyToasters wrote:
Ha ha ha. It's a great day to be Canadian.
Honestly, while this may not be the next Great Depression, it's still a major economic crisis. I wonder how they plan on getting the country out of this enormous hole they've dug.


Canadas screwed too my friend, and no other country gets important things from other countries, so the wealthier countries wont be trying to help you guys out, Our depression gonna kill your economy too awesome


Hah, we don't need your precious exports. Japan gives us video games, uyou give us TV shows. I think we'll survive without The Hills.
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