700$ billion bailout

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Cadet
ok i wanted to know your views on this i think it is a necessary step to help the economy or else we would be going in to another great depression maybe not as worse but it would be real bad. But one thing i think that we should do is raise taxes also so we can get out of this time and leave taxes up even when we get out of this economic time and it would greatly improve things like health insurance and more public programs
 
i strongly disagree, heres y

#1 the current bail out "PLAN" is to have other countries pay off out debt so we can stabalize our economy. thats all gravy except for one thing, all the debt is bad mortgages. what this would mean is that other countries that help bail the banks out would own ur house. being an american citizen this doesnt sit to well with me.

#2 the average american would have to pay out 35,000$ over the next five years to get things bak to the way things were, thats 7,00$ a year. idk about u but i dont have that kind of money just sitting around

#3 i think a new financle plan is due but the current one trying to get approved is garbage! what we need is another FRD(Franklin Delenor Roosevelt) he worked wonders in the thirties and fourties. hopefully one of the presidential candidates will prove to be useful and fix our economic crisis.

thats all i have to say on this issue
 
No other countries would not own your house that makes no sense and we are not borrowing other countries money for this and this is not going to cost us 700 billion since we will get some of this money back. And how did you do the math it will cost us 35,000 dollars per person that is a horrible calculation it will cost us nowhere close to that much and you will not feel this in that short amount of time it will be longtime.
 
in my econ class we had a giant debate about this. i ended up wining because my teacher said i was correct.
we will be borrowing money from other countries banks. in turn they will own our ****

i didnt do that calculations i went on cnn and other top news agencies and that was the common number

all im saying is that the current "PLAN" sucks and we need a new one
 
i agree a change in our economic system is needed but with this one we r sure to fail miserably
a better plan is needed,

send out a bigger stimulus check to help boost the economy lower inflation costs,
and within a year or so we should c our economy making a 180
 
no with that we would see are economy do a 360 if we send out a stimulus check it wont do anything except for the people to blow all that money the idea behind something like that is people would invest and we cant just battle inflation since if we do that the unemployment rate would increase and we could then go into another great depression
 
Well its like my friend said if sit back and do nothing our economy would just keep going down and down until we finally hit the next great depression. I on the other hand just think this might help our economy get back on its feet not totally but you know what I'm talking about. As long as we don't have anymore greedy sons of *****es that give our house loans to every person we will be fine. Oh and China won't let us barrow money from then anymore so that kinda puts in a rut also.
 

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