More Politics & Law Questions

Bailout and Depression

The last bailout they passed was money that wasn’t even ours…and when they passed it made the stocks go up, for a little bit…but then just went right back down…

The stocks were at 14,000,00 - 15,000,00 but now it’s down to 8,000,00 if you don’t think the Stocks are going to crash and think that Obama’s next Bailout is going to do anything how the heck do you know? I think we are in the whole and it’s just going to get worse later if we keep trying to stop it…the more money we put in the Stocks the further we are in dept and the harder it will hit…it’s kind of like we are at the eye of a hurricane and then it will hit it’s hardest.

I am just carious what you all think about this because I really don’t feel like we are going to get out of this.

Thanks and God Bless.

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Answer #1

A drop from 14,000 to 8,000 IS a crash.

Answer #2

The first half of the bailout money was overseen by Bush & Co. That money seems to have disapeared into thin air. Certainly none of it got to where it was supposed go, to relieve the credit markets.

President Obama is clearly taking a far different approach to the way this money will be distributed. There will be transparency and oversight. Any “bailouts” under this administration will be focused on creating jobs, and not on wall street investors. You can not use the past eight years of experience as an indicator to what might happen with the economy. Government is no longer controlled by the greedy and incompetent.

Answer #3

I think you’re right, serinaty…things are going to get way worse before they begin to get better…

Answer #4

Where do you think this next bailout will go to? I think it will go everywhere but the Stocks…America is in dept and we can’t get out of dept with money we don’t have…Kind of like monopoly money…does that make since? I certainly think so, please tell me your opinion?

Thank you.

Answer #5

The money hopefully will not be distributed without conditions, and smaller local community banks need to get some of the money in order to get the credit markets going for small businesses. That is just for this 2nd half of the financial market bailout.

How do you think FDR got us out the depression. By creating jobs. By borrowing to create infrastructure projects that put people to work. This is what Obama will do with the money from the stimulus package he wants. Although infrastructure projects alone will not be enough.

Answer #6

Isn’t Obama also planning on taxing the rich so he can create more jobs?…my question is if Obama plans on doing that then how are the rich going to higher people if they can’t even afford to pay the people they higher?