Quote:
Originally Posted by iamwhatiseem
The taxpayer bailout will equal at least $1 trillion... a figure that this country unarguably cannot do without creating worse havoc than without it. The bailout is up to $500bn right now - it will at LEAST top $1.5 tn
Folks this is socialism to a scale that is BEYOND Hugo Chavez when he took over the oil industries.
America is no longer resembling a Representative Democracy, it is becoming a socialist state...for NO other style of Gov't would take this kind of tax dollars and bail out an ENTIRE industry, an industry that is the bigger part of our entire economy.
Argue with that.
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Hard to argue with. But if we didn't do anything and let these financial companies fail, then what? A possible depression?
I can't believe we are at this point. I hope we've hit bottom...
Kramer