[Tfug] OT: Bailout Bill

[Judd Pickell]

It is a little premature to presume a Great Depression. There was more than
just the stock market that were factors for the great depression.

The biggest fact that needs to be brought out is that the ones we are
bailing out are not the majority of loans. Most loans are still in good
standing. So if a minority of loans requires almost a trillion to fix, what
is the value of the majority out there? Our economy has enough money flowing
on a daily basis to absorb this hit. We are an economic powerhouse.

On a side note, I do find it quite interesting that this is really about
responsibility. If we allow people to be irresponsible, it has an effect on
the rest of us. And we are seeing it now. It is just too bad that the
politicians seem convinced that they have to allow the irresponsibility
continue. Those of us who choose to be responsible for our lives will always
end up having to pay for those who, for whatever reason, choose to be
irresponsible.

Sincerely,
Judd Pickell

On Thu, Sep 25, 2008 at 9:56 AM, keith smith <klsmith2020 at yahoo.com> wrote:

>
> Are we not in a pickle?  If we fund this bailout we all pay and the ones
> who caused the problem get away with it.  If no bailout what does that do to
> our economy?  Will it crash?  Will the world economy crash?
>
> It seems we are in a pickle.  You and I will more than likely pay $2000
> each for the bailout, or so that is the figure I am hearing.
>
> Do we have a choice?  Do we want another Great Depression?
>
>
>
> ------------------------
> Keith Smith
>
>
>
>
> --- On *Thu, 9/25/08, Joshua Zeidner <jjzeidner at gmail.com>* wrote:
>
> From: Joshua Zeidner <jjzeidner at gmail.com>
> Subject: [Tfug] OT: Bailout Bill
> To: "Main PLUG discussion list" <plug-discuss at lists.plug.phoenix.az.us>,
> "Tucson Free Unix Group" <tfug at tfug.org>
> Date: Thursday, September 25, 2008, 9:43 AM
>
>
>  Hey all,
>
>    sorry for the OT, but I think the gravity of this situation offsets
> the negatives of making this post here.
>
>    In case you are not aware, congress is currently considering
> emergency legislation for a supposed 'bailout' of 700 billion dollar
> credit line to the US Treasury in order to provide 'liquidity' to
> credit markets in the US and worldwide.  The situation is somewhat
> complex, but what I want to explain here is how it relates to things
> you may see every day as an Arizonan.  You have no doubt seen more
> than one totally ridiculous and imprudent mortgage loan dispensed in
> the area over the past few years.  You might have assumed that these
> risky loans would be the problem of either the bank or the borrower.
> The alarming aspect to these recent
>  developments are that we as
> Americans have learned that it is in fact *all of us* that are going
> to pay for these bad loans.  Does that sound fair to you?  And it gets
> better: when we fork up the 700 billion, houses will not even become
> any more affordable.  If you are struggling you will continue to
> struggle despite this unprecedented transfer of wealth to the
> treasurer.  With 700 billion dollars we could build houses for the
> entire country.  This bill amounts to nothing less than robbery.
>
>    I truly hope that you consider calling your congressmen and
> congresswomen and voice your opinion to this bill.  Your real voice
> makes a difference.
>
>    thanks all, and I really hope you call your representatives.  We as
> a country have to stop complaining and get involved.  Im not really an
> 'activist', Im just a regular American who knows enough about this
> situation to know how much of a tragedy it is.
>
>   you
>  can get the phone numbers here by typing in your ZIP code:
> http://www.congress.org/congressorg/home/
>
>   thanks, jmz
>
> --
> "I know not with what weapons World War III will be fought, but World
> War IV will be fought with sticks and stones." --Albert Einstein
>
>  - http://www.joshuazeidner.com/
>
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