Posted by 'nam vet. on December 23, 2008, 5:54 pm
aren't these "bail-outs" just more $$$ that they print. backed by
nothing and they're running these presses 24/7
Inflationary? ya think?
--
When the Power of Love,replaces the Love of Power.
that's Evolution.
Posted by Rod Speed on December 23, 2008, 11:08 pm
'nam vet. wrote:
> aren't these "bail-outs" just more $$$ that they print.
They dont print a damned thing. It just gets added to the national debt.
> backed by nothing
Backed by the govt guarantee to pay it back, actually.
> and they're running these presses 24/7
Just another of your pathetic little pig ignorant fantasys.
> Inflationary? ya think?
Fraid not. And a recession is deflationary anyway.
Posted by Dave on December 24, 2008, 7:36 am
> aren't these "bail-outs" just more $$$ that they print. backed by
> nothing and they're running these presses 24/7
> Inflationary? ya think?
It's worse than that. They're not printing money, they are borrowing money,
mainly from China. So all the bailouts come with decades of interest
payments, doubling or tripling the dollar amount of the actual money that
was originally stolen from the taxpayers. Take the original "700 billion"
package, which was defeated, and then 820 Billion by the time it actually
passed. The payoff on that one alone is going to be somewhere North of 1.6
Trillion dollars. So the taxpayers are on the hook for something more than
1.6 Trillion dollars already. But assuming the loan payoff value is exactly
1.6 Trillion, and knowing there are about 138,000,000 taxpayers in the U.S.,
do the math to find out how much each taxpayer is going to pay for that "700
billion" bailout package. Now multiply by two if you're in the typical
two-income family... and that is how much money was stolen from YOUR family.
To go to the Chinese. -Dave
Posted by Dennis on December 24, 2008, 12:32 pm
>> aren't these "bail-outs" just more $$$ that they print. backed by
>> nothing and they're running these presses 24/7
>> Inflationary? ya think?
>It's worse than that. They're not printing money, they are borrowing money,
>mainly from China. So all the bailouts come with decades of interest
>payments, doubling or tripling the dollar amount of the actual money that
>was originally stolen from the taxpayers. Take the original "700 billion"
>package, which was defeated, and then 820 Billion by the time it actually
>passed. The payoff on that one alone is going to be somewhere North of 1.6
>Trillion dollars. So the taxpayers are on the hook for something more than
>1.6 Trillion dollars already. But assuming the loan payoff value is exactly
>1.6 Trillion, and knowing there are about 138,000,000 taxpayers in the U.S.,
>do the math to find out how much each taxpayer is going to pay for that "700
>billion" bailout package. Now multiply by two if you're in the typical
>two-income family... and that is how much money was stolen from YOUR family.
>To go to the Chinese. -Dave
But wait, it gets even better: a big chunk of that money that we
borrowed from the Chinese (with interest) is to cover bad investments
made by Chinese banks and investment firms. Gosh we American
taxpayers are generous!
Dennis (evil)
--
What government gives, it must first take away.
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