Comments on: What Really Caused the Financial Bailout Crisis of 2008?

By: Joe

Joe — Mon, 06 Jul 2009 05:09:49 +0000

Yes! I agree.

By: Clyde Maxey

Clyde Maxey — Mon, 06 Jul 2009 00:18:33 +0000

In order to get out of debt one needs to quit spending for anything that is absolutely unnecessary. That includes cities, counties,states, fed and individuals. The present policies is literally killing our country. Get off the “I Want” credit cards and start a new policy which is very simple. IF I DO NOT HAVE THE CASH, I DO NOT BUY.

By: CCCS

CCCS — Thu, 09 Oct 2008 14:50:48 +0000

@jason: In theory $700bn spread between each tax payer means a substantial amount, however, if that amount wasn’t injected into the banks, inflation will cause $225k cheque to be worthless.

By: Joe

Joe — Tue, 30 Sep 2008 14:01:59 +0000

@jason: I could use a cool quarter million & I do need a 98″ TV to watch Eureka and Big Spender. My major concern is that the government would be giving us the money we gave them (taxes), the money we are going to give them (future taxes), the money to finance the debt load, and the money to handle the money. I’m guessing that a $225k check would cost us about $500k.

By: jason

jason — Tue, 30 Sep 2008 13:30:50 +0000

I read an email yesterday that suggested an alternative that I liked. It proposed taking the bailout money, dividing it among tax payers and giving the bailout money to them. Individual amounts would equal about $225,000 per person. If the tax payers are going to foot the bill then why not give them the money? They can pay off their home loan (fix the real estate problem), put it in savings (fix the banking problem) and spend it on 98″ plasma TVs (boost the economy).

Something to think about.