Thread: IF THERE'S NO BAILOUT....WHAT WILL HAPPEN?

Originally Posted by butterbean

If there were no bailout, life would go on as usual. You might find the stock market flutuate, but its not going to crash. We have been in worse positions before. IMO, WE WERE SCAMMED.

The only people making out from this bailout are the rich elites, Wall Street Pigs, the Treasury Dept, Bush, Pelosi, Reid, Dodd, and several other traitors.

Agreed. They played the fear card again!!! Scammed again

One thing that would have happened is rejecting the bailout would have sent a clear message to our foreign creditors (which are the only things propping up our standard of living, our welfare state, our ability to wages war in Iraq, Afghanistan, and Pakistan, Social Security, and the mythical "service economy" that our politicians love to drool over). The impression would be that we aren't willing to foot the bill to bailout the banks, and that we therefor are probably not good for the huge debt we are running up as a nation. I think this is the unarticulated fear that animated so many of our elected officials to cooperate and move so quickly. I heard that when the bill was defeated in the House earlier, there was just a dead pall on the floor.

It is both necessary and inevitable that the foreign credit will one day run out, but that is going to be a painful day for America. It is our looming financial Dunkirk. On the plus side, I believe we will be forced to become a nation of producers again and we will rebuild our manufacturing base (slowly, over the course of decades), because, in a sad twist of irony, we won't be able to afford the "Made in China" brand with our worthless fiat money and lack of available credit.

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“Taxpayers deserve to know that there is no guarantee this plan will work, but there is a guarantee that we will face a financial catastrophe if we do nothing. If banks continue to fail and stop lending the average American could lose their job, be unable to secure a loan for a car, home or college education, and find their life savings and retirement in jeopardy. Our economy depends on having liquid assets available for credit and lending just as an automobile engine needs oil. If those liquid assets stop flowing, our economy will be seriously damaged and will require far more costly and lengthy repairs.â€

Why wouldn't it have been better to wait a while and see how things began to work before we poured our great grandchilren's futures down a rathole?

What do they care about our children and grandchildren when there money to steal and power to be had. This move had nothing to do with good of the people, it had only to do with how quickly they could rob us and try to brainwash us into believing it was for our own good. That is what abusers do to their victims. They beat them up and tell them it is for their own good.