Ok, now that it's clear that $700 Billion isn't going to be enough

[Hydra]

Who here wants to shovel more money Bushco's way so they can send it to Paraguay?

[Oregone]

1. Give them another $700 billion before bread lines start...

Obama will sort it out in November

[ananda]

2. ermm

Obama wouldn't actually become president
until January 20.

[Oregone]

4. Yeah, but he is brilliant enough to start sorting it out early.

If shit gets bad before then, just doll out yet another $700 billion. He will sort it out.

When the house is on fire, do you really have time to ask who started it? No, you put it out!

[razors edge]

5. What if the the house is fine

and someone is just blowing smoke up your ass?

[Oregone]

6. Then light it on fire and put it out. Don't you get it!

People like you are going to drive us to economic ruin.

[razors edge]

8. No I don't get it, I give it.

I have lived in "economic ruin" from birth, but those who have controlled that system that has kept the majority of this nation in the same situation as myself while living like Kings are now crying poverty.

Let me steal a microscope so I can find my violin.

Don't bother with that whole parent's retirement line, they got wiped out by Enron. If that didn't wizen you up to the fact you were gambling your future in a rigged game, sucks to be you.

[Oregone]

12. Easy there....

Hey, Im just being sarcastic...Im not ignorant. I know how fucked you all are.

[razors edge]

17. Scuze me pleze,

I'm a tad pissed at recent developments.

I've worked as hard as I can to educate my family, even alienating some to the point it may take years to reconcile.

I'm hoping for the best, but preparing for the worst.

:pals:

[Slavik]

11. Just Doll Out Yet Another What?

So you'll pay off the top 1% indefinitely? Guess the printing presses will be busy...welcome Weiner Germany.

[Oregone]

14. Better than economic doom and destruction!

Scared yet?

[razors edge]

18. Scared no, PISSED OFF YES!

[Hydra]

3. While I'm hoping for no election fraud

That still gives Bushco 2 more months to take everything that's not nailed down.

:scared:

[depakid]

7. How is it "clear?"

Care to elaborate?

[Hydra]

10. Already the Markets want more

And an Op-ed from a particular economist much revered here said Bailout 2.0 likely before Jan 21st.

[depakid]

16. That doesn't make much of anything clear to me

Economist Jame Galbraith explains how the plan actually works:

How Much Will It Cost and Will It Come Soon Enough?

Could the current bailout bill have been better? Yes. But there are still a few fixes Congress should consider.

Many are concerned with the fiscal implications of this bill, so let me turn to that question. Despite the common use of language, the capital cost of this bill does not involve "taxpayer dollars." It authorizes a financial transaction, exchanging good debt (U.S. Treasury bills and bonds) for bad debt (the "troubled assets"). Many of those troubled assets will continue to earn income for some time, perhaps a long time. The U.S. Treasury commits itself to paying the interest on the debts it issues. The net fiscal cost -- which is also the net fiscal stimulus -- of this bill is the difference between those two revenue streams.

Given the very low rate of interest presently prevailing on Treasury bills, this is likely to be somewhere between $20 billion per year and zero from the beginning, even if the Treasury were to issue all $700 billion in new debt at once. It is a mistake, in short, to count the capital cost as a "cost to the taxpayer."

This is not the war in Iraq.

http://www.prospect.org/cs/articles?article=how_much_will_it_cost_and_will_it_come_soon_enough

(He also has several other ideas about raising revenue- one of whch, a securities transfer tax, are alreay used in Britain.

[PATRICK]

9. People here

and people coming back from DC have been saying the real bailout is easily double that figure rather sooner than later.

[SammyWinstonJack]

13. A billion here a Trillion there, pretty soon you're talking real money.

And before we know it we are bankrupt! oops! The BFEE has always confiscated other peoples' money. That's how they got rich. Read up on it.

[TexasObserver]

15. $700 billion, with a nice lard sauce of $200 billion slathered on top

[razors edge]

19. Somewhere, they are celebrating

with a fine kiante. SLslslsllslsllslslsllsllsl.

[lumberjack_jeff]

20. That's the tough thing about ransoms. It's hard to know you're not leaving any money on the table.