Well Ellwood, as a person who works, and pays taxes - a lot of taxes - it sure does come out of my pocket. It comes out in taxes, in higher rates to borrow money, in less money there to borrow in the first place, and it comes out mostly, as it has done big time in the last 8 years - the money I make buys less and less all the time. And I'm sure I'm not the only working person in here who find the money they make going a lot shorter than it did, and if you do foreign stuff, the price has gone through the roof.
First, do you think this will really work? Can good money chase bad and make out OK? Has the money that has been put into all this to date done any good. Obviously not, or we wouldn't be having a crisis now would we. So what reason do we have to think that this will work?
That they had to rush it through - Oh don't bother reading it, we just need you to vote yes - and then they had to declare what is called 'martial law' in the Congress, suspending the normal rules. Why, well it wasn't going to pass with the normal rules. And it does not look good even with that.
And when this gravy train pull out from the station it gonna have a whole lot of cars attached to it. Detroit, got $25 Billion. Others will step up and demand a bailout too.
By the way... Given the record of the Bush Administration, do you really trust them to make this work. Like what? After 7 years they finally figured out how to do it right, for once? Why do I doubt that.
How do we make that money back? After buying stocks and bonds that are referred to by the people who trade them as 'junk' and 'toxic' are they suddenly going to become golden? If they are worthless today - and they are, that's the foundation of the problem - how are they going to be worth more in the future?
This is socialism, bad socialism at that. The worst parts with nothing good.
And the Daley Machine is just that, big city boss rule politics that have been pretty much unchanged since the days of Boss Tweed and Tammany Hall in NYC back a couple centuries ago. It has to do with how major cities are frequently run in the US (and in other places too). The Daley machine, these political machines took corruption to levels of making it rival art, and sustain their power over generations. The current Daley is the son of the famous Richard J. the boss of bosses. There is nothing racist about it. Matter of fact, these machines have been good for minority groups as a whole.
I prefer Doctor, if you must use something other than my name.