Comments on Saving to Inve$t: Bailout Nation and Future Impacts

I am not sold on the necessity of the bailout eith...

2009-01-09T10:47:00.000-05:00

I am not sold on the necessity of the bailout either. in my opinion we have allowed many financial institutions to get too big. I think that when we allow one company's financial distress to put our country's economy on life support there is something wrong.

i realize that there were many different companies involved. But, I think it is safe to say that the straw that broke the camels back was Lehman brother failing.

Should the failure of one company be allowed to affect other comapnies and the country as a whole in such a way.

With this in mind i think the TARP although is a short term fix for the problem it really has only delayed the inevidable.

There is only one response by the American people-...

2008-09-23T10:00:00.000-04:00

There is only one response by the American people--a payment strike. Pay for your food and fuel in cash. Suspend payments on all other debts. Do this for one month. Buy only necessities for one week--no cars, washing machines or Coach bags. Stay out of the malls. Everyone's FICO score will take the same hit and so no harm, no foul. This would be the American's people's notice to the powers that be--get your act together or WE will take control. Apparently "providing credit" is now a career path. Time to put this genie back in the bottle. It can be done peacefully, but, more importantly, it can be done.

Ryan - I'll check out the NESRA document, looks in...

2008-09-22T14:09:00.000-04:00

Ryan - I'll check out the NESRA document, looks interesting.

Greylocks - I think Paulson is doing the best he can, though taking a sledge hammer to the solution is risky. Infact I think this will favor the democrats more.

Paulson's "plan" is not a plan. It's a political s...

2008-09-21T14:29:00.000-04:00

Paulson's "plan" is not a plan. It's a political stunt, a power grab, and a natural continuation of Bush economic policies of supporting unregulated and unrestrained corporatism. This is GOP market ideology in action, not sound economic or fiscal analysis.

Stop the Bailout!

The bailout is ridiculous, and not needed, and onl...

2008-09-21T03:45:00.000-04:00

The bailout is ridiculous, and not needed, and only taxes future generations. (And both candidates want to increase govt spending?) NESARA as drafted by Dr. Barnard is the only way out of our fiscal and monetary mess. Force balanced budget, abolish income and capital taxes in favor of 14% sales tax on everything else except rents, groceries, insurance, and medical services; new monetary tools to ensure 0% inflation; abolish compound interest on secured loans in favor of simple monetization fee, and require principals be paid before before banks are allowed to collect on the monetization fee. No payment no matter how small will always reduce a debt to zero, banks more willing to prevent foreclosures and will turn around funds for more loans sooner. No more of this pay for 2.5 houses just to own 1. Pay for just 1.5 and be done with it in 17 years. National debt paid off in 30 years while standard of living doubled within a generation. NESARA (not the hoax, but Dr. Barnard's original version). A 21st century engineered solution for a 21st century economy. Google the NESARA Institute.