Thorp and Sailor's Grave Board

help me to understand this?

Voodoobillyman - 11-20-2008 at 03:49 PM

Sen Harry Reid has declared today that the Detroit automakers have to deliver a detailed spending plan to account for all 25 billion they are asking for. The dems are acting like it is some brilliant idea they have developed suddenly to appease the debate on the big 3 bailout. Now, here is the big question........25 billion out of 700 billion is being requested by the automakers, that leaves 675 billion in your tax dollars being spent on various greedy corporations who have finally come to the end result of years of unchecked greed and coruption. Isn't it part of the deal that ALL companies receiving this taxdollar aid produce a detailed spending plan prior to being handed an out to their mistakes???????!!!!!!!!!!!! This whole fucking thing is disgusting, I say let those who would fall, fall and let others come up in their wake. let natural capitolism take it's course and let the dinosaurs go extinct the way it was intended when they get too fucking bloated with the fat from the backs of working families. I am so fucking disgusted with this. DISGUSTED

Voodoobillyman - 11-20-2008 at 03:50 PM

Oh and the chastising from a few lawmakers on the use of private jets to get to the hearings is all these fucking representatives of ours can come up with????? Come on!!!

Voodoobillyman - 11-20-2008 at 03:55 PM

I will move to the state, register to vote and vote for the first lawmaker who actually gets up off his fat ass, walks up to the table seating these greedy fucks and bitch slaps at least one if not all of them live on C-SPAN.

ShawnRefuse - 11-20-2008 at 04:02 PM

yeah it's ridiculous. They changed the bankruptcy laws for individuals so they still have to pay off all of their debts, why not do the same for the people who took the money in the first place.

Or, have the oil companies bail their brothers out. They just claimed their biggest jump in earnings during the gas hike (rape) of the past year.

barc0debaby - 11-20-2008 at 04:36 PM

Its been floating around that chinese companies are looking into buying out GM and Chrysler.

newbreedbrian - 11-20-2008 at 05:10 PM

Quote:
Originally posted by Voodoobillyman
Sen Harry Reid has declared today that the Detroit automakers have to deliver a detailed spending plan to account for all 25 billion they are asking for. The dems are acting like it is some brilliant idea they have developed suddenly to appease the debate on the big 3 bailout. Now, here is the big question........25 billion out of 700 billion is being requested by the automakers, that leaves 675 billion in your tax dollars being spent on various greedy corporations who have finally come to the end result of years of unchecked greed and coruption. Isn't it part of the deal that ALL companies receiving this taxdollar aid produce a detailed spending plan prior to being handed an out to their mistakes???????!!!!!!!!!!!! This whole fucking thing is disgusting, I say let those who would fall, fall and let others come up in their wake. let natural capitolism take it's course and let the dinosaurs go extinct the way it was intended when they get too fucking bloated with the fat from the backs of working families. I am so fucking disgusted with this. DISGUSTED


fully agree. disgusting isn't strong enough a word

JawnDiablo - 11-20-2008 at 05:15 PM

I want 10 grand to bail myself out.
I promise to give exact details as to where it is going.

BDx13 - 11-20-2008 at 06:00 PM

juan, you rule.

DaveMoral - 11-20-2008 at 07:17 PM

while they are bailing people out they can bail out my tax debt. Fuck, I didn't get my "stimulus" check because of that... way to stimulate the economy assholes!

I'm really torn on the whole issue of the auto industry. My grandfather was a UAW man at GM, my great-uncle was too. One of my uncles recently was bought out a couple years ago by Ford I think it was, so he's retired. I saw him get laid off numerous times over the years in that situation. If the US automakers were to go under, and I mean literally go under... not have a situation where the CEOs can't have their 10 million dollar severages packages and shit like that... it would devastate the US working class. From the direct employees to the folks working in industries that supply these companies with the parts they need for their cars.

Of course, there seems to be a case... much as I hate to say it... to suggest that the UAW is killing the US auto companies. Honda, Toyota etc have plants in the southern part of the US without the UAW and they aren't even remotely hurting like this.

clevohardcore - 11-20-2008 at 07:49 PM

It goes to those that the Republican committee sees fit and when it involves the auto industry they turn there backs. Then, the republicans claim "FREE MARKET ENTERPRISE" and sink or swim mentality. Survival of the fittest corporations. Unless your talking of insurance industry, bank industry, investment industry, or whatever they have stake in industry. It makes me sick. I say ONLY BAIL THE AMERICAN PEOPLE OUT OF ALL DEBT BAD DEBT FROM PREDATOR LENDERS AND BANKS AND CREDIT CARDS. You want to see a economy fix itself immediately. Free the people of this mess and watch the US turn around quick. We will buy. Jobs will stablize and this country will right itself. Freedom from mistakes and bad debt will give everyone a chance to save themselves from economic destruction. It pisses me off NO ONE is taking this side. DOES ANYONE CARE? Or are we so fucking apathetic and lulled to sleep with depression and a negative outlook?



1. Pay off all bad creditcard debt of American people. BANKS WILL BE REWARDED WITH THAT POSITIVE CURRENCY = no bankruptcies of the American people. Making good lending possible and profits for banks and then they loan to business that need to grow and hire more people.

2. AUTHORIZING REFINANCING of low interest rates on all properties in foreclosure.


3. ONLY BAIL OUT THE AMERICAN PEOPLE AND NOT CORPORATIONS THAT MADE ALL THESE MISTAKES. Everyone wins including auto industry and in fact every industry. Plus do not lend money easily is the future to people who realistically do not qualify.


4. Finally, pay off a 50% amount of student loans of all current and graduated US college students. this is one of the biggest rackets harming the debt to income ratio for all US citizens.








I fucking do not understand why this is not brought up and it makes me sick to see and hear all the BS being slung on this discussion among law makers. Its amazing and right in from of our faces or under our noses. Fucking disturbing.

Six66Mike - 11-20-2008 at 07:59 PM

Screw the car industry, let the big 3 die. I love the news clip this morning they showed, all the CEO's flew in on private jets so someone asked how they got there & if they intend selling their jets in the face of this crisis, none of them said they would.

GM isn't showing new product at the LA car show, just this years models of big gas guzzling trucks, SUV's and large engine cars. This is why they are going out of busines, pure and complete failure to shift production to more efficient cars when Europe & Japan were making them. That's why Toyota is king shit right now, Nissan & Honda not far off.

They dug their own graves, eat shit.

Murk - 11-20-2008 at 08:32 PM

Quote:
Originally posted by clevohardcore
I fucking do not understand why this is not brought up


because money is debt.

if you're serious about learning about this, here are some references.
Quote:
Modern Money Mechanics is a booklet produced and distributed free by the Public Information Center of the Federal Reserve Bank of Chicago.


http://en.wikisource.org/wiki/Modern_Money_Mechanics

this document laid the blueprint for "Fractional Reserve Banking"
Quote:
Fractional-reserve banking is the banking practice in which banks are required by governments to keep only a fraction of their deposits in reserve (as cash and other highly liquid assets) with the choice of lending out the remainder, while maintaining the simultaneous obligation to redeem all deposits immediately upon demand. This practice is universal in modern banking.


http://en.wikipedia.org/wiki/Fractional-reserve_banking

call or visit your bank and ask them if they operate using Fractional Reserve Banking.

if they paid all debts off, we would all be debt free, but there would be no money.

here is a very simplified explanation:

http://www.youtube.com/watch?v=vm3DixfL9o0

please watch it and ask your bank about the details discussed.
Quote:
For in our financial system money is debt and debt is money. Here is a chart of the US money supply from 1950 to 2006. Here is a chart of the US national debt for the same period. How interesting it is that the trends are nearly identical… for the more money there is, the more debt there is… the more debt there is, the more money there is.

To put it a different way, every single dollar in your wallet is owed to somebody by somebody; for remember, the only way the money can come into existence is from loans. Therefore, if everyone in the country were able to pay off all debts, including the government, there would not be one dollar in circulation.

clevohardcore - 11-20-2008 at 11:43 PM

I will be the first to admit I am not a economist. The closest I have is 4 semesters of this type of study. However, I am talking of consumer debt being forgiven. Not business, foreign or good beneficial debt. Simply help the people and not business. Then we would have a sound beginning to work from. A somewhat clean slate where everyone is given the chance to start over without the never ending cycle most see right now.


Also, I am not saying let careless people off. What I am saying is they track everything you buy when using a card. Those that bought moronic things and continue to do so without care will not benefit from this idea. It is simply a chance for good people who were taken advantage of or were simply unaware of the dangers and mistakes made with credit.

Murk - 11-21-2008 at 04:07 PM

Quote:
Originally posted by clevohardcore
However, I am talking of consumer debt being forgiven. Not business, foreign or good beneficial debt. Simply help the people and not business. Then we would have a sound beginning to work from. A somewhat clean slate where everyone is given the chance to start over without the never ending cycle most see right now.

ok, but money is debt and debt is money.
Quote:
As of November 19, 2008, the total U.S. federal debt was $10.6 trillion, with about $37,316 per capita (that is, per U.S. resident). Of this amount, debt held by the public was roughly $6.3 trillion

http://en.wikipedia.org/wiki/United_States_public_debt

if consumer debt makes up 60% of all US debt and you pay it off, that will reduce the amount of currency in circulation by at least 60%.

if you think times are tight now, think about how great things would be after removing over half of all dollar bills in circulation.

if that happened, it won't be the bottom 40%, or even the bottom 60%, with the dollar bills.

every debt that is paid off reduces the amount of dollar bills in circulation.