plunging dow

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Onceler said:
I know what you're saying. It's Dixie's whole argument on Iraq now, and can be used on just about anything politically.

Still, on this one, it will truly be impossible to quantify any measurable difference that the bailout will make. The idea is just to keep the economy from going into a complete freefall. I think it's safe to say that it's better for the economy when businesses & people can still get loans.
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Ummm. how did we get here again? Oh yeah, everyone got loans they couldn't afford
 
tinfoil said:
Ummm. how did we get here again? Oh yeah, everyone got loans they couldn't afford
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loosening the credit markets from where they are right now does not mean that you have to start giving out bad loans. When people with good credit cannot get LOC's or loans, there is a friggin problem. When banks refuse to loan to each other, there is a REALLY big problem.

Take the examples of farmers. Many borrow from LOCs to pay for grain and fertilizer. Then repay those LOCs upon harvest. Without those LOCs many are friggin screwed. Which could potentially put our food supply in jeapordy.

That is simply ONE example of how bad things are right now.
 
Superfreak said:
loosening the credit markets from where they are right now does not mean that you have to start giving out bad loans. When people with good credit cannot get LOC's or loans, there is a friggin problem. When banks refuse to loan to each other, there is a REALLY big problem.

Take the examples of farmers. Many borrow from LOCs to pay for grain and fertilizer. Then repay those LOCs upon harvest. Without those LOCs many are friggin screwed. Which could potentially put our food supply in jeapordy.

That is simply ONE example of how bad things are right now.
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We keep hearing these scenarios, but where is the evidence? Seriously? I understand what you're saying, but I need to see proof. Fear mongering is very popular with the global elites lately. I'm tired of being scared into a corner while the rich party on
 
Onceler said:
I know what you're saying. It's Dixie's whole argument on Iraq now, and can be used on just about anything politically.

Still, on this one, it will truly be impossible to quantify any measurable difference that the bailout will make. The idea is just to keep the economy from going into a complete freefall. I think it's safe to say that it's better for the economy when businesses & people can still get loans.
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Yes, I agree that it is better, but I read some economists who didn’t see how this particular plan was going to free up credit. So I guess that I remain very skeptical, and still feel it unwise to hand over 700 billion dollars to these people. Paulson is farming all this shit out to the private sector. You know, it is the same old, same old.

I admit that I don’t feel I know enough to say definitively one way or the other. It’s just that I have my doubts that anyone really knows.

Thanks for not calling me sweetie though.
 
Superfreak said:
loosening the credit markets from where they are right now does not mean that you have to start giving out bad loans. When people with good credit cannot get LOC's or loans, there is a friggin problem. When banks refuse to loan to each other, there is a REALLY big problem.

Take the examples of farmers. Many borrow from LOCs to pay for grain and fertilizer. Then repay those LOCs upon harvest. Without those LOCs many are friggin screwed. Which could potentially put our food supply in jeapordy.

That is simply ONE example of how bad things are right now.
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How does it feel to be arguing on the same side as Lorax? You are even quoting him in your posts now, using Lorax as authoritative backup for your own opinions. Which, I have to admit is far more convincing evidence than the usual horseshit you provide. :clink:
 
Darla said:
How does it feel to be arguing on the same side as Lorax? You are even quoting him in your posts now, using Lorax as authoritative backup for your own opinions. Which, I have to admit is far more convincing evidence than the usual horseshit you provide. :clink:
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For the record, I'm getting VERY self-conscious about this.
 
Darla said:
How does it feel to be arguing on the same side as Lorax? You are even quoting him in your posts now, using Lorax as authoritative backup for your own opinions. Which, I have to admit is far more convincing evidence than the usual horseshit you provide. :clink:
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LMAO... I came out for this before he did... I WAS FIRST.... nana nana na na.

Seriously though... I am not using him as "authoritative backup"... I simply stated he was correct on the particular point he made.

For those who continue to harp on this plan... WHAT is your solution??? Hopefully the genius obfuscate will return to provide us with his plan on how to get the credit markets going again. Because up until now he has simply stated the same tired old line of 'it was credit that got us into this problem'.

Which is wrong. It was BAD credit policies that got us into this mess. Right now it is everyone that is having problems getting LOCs. If not corrected, we all go down. Because even the rich won't be protected...

Side note Darla... how does it feel to be on the same side as tinfoil???
 
Superfreak said:
LMAO... I came out for this before he did... I WAS FIRST.... nana nana na na.

Seriously though... I am not using him as "authoritative backup"... I simply stated he was correct on the particular point he made.

For those who continue to harp on this plan... WHAT is your solution??? Hopefully the genius obfuscate will return to provide us with his plan on how to get the credit markets going again. Because up until now he has simply stated the same tired old line of 'it was credit that got us into this problem'.

Which is wrong. It was BAD credit policies that got us into this mess. Right now it is everyone that is having problems getting LOCs. If not corrected, we all go down. Because even the rich won't be protected...

Side note Darla... how does it feel to be on the same side as tinfoil???
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About as bad as it feels to have Dano and Top on that side of the bailout. I’ve been showering a lot.
 
Onceler said:
Right now, the way I'm spinning it is the Superfreak has come around to agreeing with me, Pelosi & the Messiah....
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You know, when you put it that way…it’s really not surprising that SF has come around to seeing things the Messiah’s way. It won’t be long now…
 
Darla said:
You know, when you put it that way…it’s really not surprising that SF has come around to seeing things the Messiah’s way. It won’t be long now…
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right... the messiah must have used a jedi mind trick on me or something. :)

I said from the beginning that the Dems in Congress plan was better than Bush's. Though their plan did need some tweaking as well.

Bottom line, I could give a shit who proposed it. We just need to see credit loosen up a bit.... soon.
 
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