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Welcome to the forums pages of Screw Big Oil. This is your chance to discuss politics, high gas prices, or current events.

2 more bailouts?

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2 more bailouts? Empty 2 more bailouts?

Post  nazman on Wed Oct 08, 2008 6:22 pm

Yesterday McCain suggested the government buy up bad mortgages and renegotiate them for the current lower housing values. Today Nancy Pelosi suggested congress pass another $150,000,000,000 stimulus package after the election. So the Chinese will own our failing homes... and each of us (a least some of us) will get another check that will be spent in a day. This just isn't going to save the economy... as the bailout has done little so far. Borrowing created this problem... and borrowing (from china, japan, and opec) just doesn't make any sense to me. I'm I off here? Question
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Post  bleuze on Wed Oct 08, 2008 7:47 pm

Like I said before, Congress will be asking for more money within 60 days. They never have enough. Do you know of any government money program that has been UNDER their project. They just passed a loan to AIG again for 37.6 billion dollars!
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2 more bailouts? Empty Re: 2 more bailouts?

Post  nazman on Wed Oct 08, 2008 8:10 pm

And look how wisely AIG spent that money. I wish I could afford that lifestyle.
http://voices.washingtonpost.com/livecoverage/2008/10/government_to_give_aig_more.html?hpid=topnews
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