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so apparently they're going to drop 700 billion

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barbtries Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-01-08 05:57 PM
Original message
so apparently they're going to drop 700 billion
in the lap of henry paulson, and go away until next January?
wtf?
http://cspan.org/Watch/C-SPAN2_rm.aspx

mel martinez R fl speaking now.
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ProSense Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-01-08 05:58 PM
Response to Original message
1. People need to stop
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BrklynLiberal Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-01-08 06:00 PM
Response to Reply #1
2. Let us wait and see how much better we are all doing down the road...
NOT.
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ProSense Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-01-08 06:03 PM
Response to Reply #2
3. Funny thing about crises,
Edited on Wed Oct-01-08 06:05 PM by ProSense
and we are in one, even Kucinich agrees, they don't allow people to sit down and haggle about who's right or wrong. (On edit: that's why consensus is important.)

The only time the people on both sides are ever proved right is after the catastrophe.



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Oregone Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-01-08 06:05 PM
Response to Original message
4. I like wooden arrows.
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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-01-08 06:06 PM
Response to Original message
5. and I notice the Dems are repeating the same talking points IN FAVOR of the bill.
Actually, I also shocked to hear my Repub. Senator talk against the bill.

A topsy-turvey world.
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stray cat Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-01-08 06:14 PM
Response to Original message
6. I thought it was 250 and re-evaluate
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TexasObserver Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-01-08 06:18 PM
Response to Original message
7. Imagine a housing subdivision in a drought, the yards parched.
A big truck with water comes in and waters the lawns of 5 homes in the subdivision with hundreds of parched lawns.

Does having a few green lawns among hundreds of dry ones end the drought? Does it bring up the other home values?
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barbtries Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-01-08 08:43 PM
Response to Reply #7
8. i've been looking at it like this:
your house is falling apart. you spend x number of dollars to fix one broken window. the house goes down. you could have saved the money.
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TexasObserver Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-02-08 02:09 AM
Response to Reply #8
12. or ... sand down a rat hole
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Adsos Letter Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-01-08 10:40 PM
Response to Original message
9. With $700 billion...
we could have provided untold numbers of American students with access to high-end education in fields that would help us regain some degree of competitiveness in the world, in real terms...including educations that could produce minds capable of leading this nation in a better direction in so many ways.
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Imagevision Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-01-08 10:43 PM
Response to Original message
10. The current problems will continue to get much worse for at least 1 more year, foreclosures
are said to reach 2 million more through 2009.
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Individualist Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-01-08 10:50 PM
Response to Original message
11. 700 billion balloons the deficit,
ballooned deficit devalues the dollar; devalued dollar results in rampant inflation.
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lapfog_1 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-02-08 03:04 AM
Response to Reply #11
13. deficits don't devalue the dollar
debt can.

$700B is about 7 percent of the total debt... this could hurt the dollar, but not by that much.

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