God I hope this doesn't pass, it's extortion.

Fuck each and every one of those bourgeois motherfuckers, I hope their shit comes crashing down.

the democratic party is probably the worst opposition party in the history of everything, took em only a day to start capitulating on this horseshit.

so wait, the bailout plan is bad. But the government not doing anything it all is supposed to be worse right.

so are you guys just pissed off because they won't have the tax enacted too because really what did you expect.

Make the dollar drop? Dude... Whats its down to already? Isnt like 2.13 dollar to 1.00 euro now?

I wasnt too far off. I just googled it. 1 euro is worth 1.78039 dollars.

so wait, the bailout plan is bad. But the government not doing anything it all is supposed to be worse right.

so are you guys just pissed off because they won't have the tax enacted too because really what did you expect.

the current bailout plan has a fantastic number of loopholes and free rides for the same people that fucked up in the first place. the only opposition to the bill comes from free market fanatics who STILL don't believe this was the fault of the free market. because there is no real leftist in Congress to say HEY LETS NOT GIVE A 700 BILLION DOLLAR BLANK CHECK TO THESE PEOPLE but there are leftists on GW, you'll see opposition to the bill for a different reason than FREE MARKET.

bernie sanders is a socialist. kucinich is pretty leftist too but he's kind of crazy so.

holy shit i thought sanders was out of office and DEAD by now.

also dennis kucinich is busy plowing his wife so.

but yea two dudes isn't enough to mount a successful opposition.

bernie sanders is a socialist. kucinich is pretty leftist too but he's kind of crazy so.

Anticapitalism is kind of the big qualifier for leftism and those two don't fit the bill by a long shot. To their credit, they really couldn't do much in the framework of the capitalist state as leftists anyway

I remember when I was in Japan the yen was better then the doller by a bit but I traded like 300$ in USD for like 30,000 yen and after the bank tax and the shitty exchange rate I'm pretty sure that was a stupid idea

Today I managed to extend my already relatively large overdraft on a current account type I shouldn't even have, way to tighten those practices banks

So the House and Senate have both passed this bill as of today.  There are a number of key points/changes that a lot of you guys are missing out on:

- To reiterate, this is INVESTMENT and not a GIFT.  The US Government isn't giving money away but rather it is buying companies.  You can think of this as increased regulation or a small step towards socialism.  Whatever it is, it is not some crooked deal to reward the inept and corrupt bourgeois.

- Added today was an clause that limits the payouts on severance packages to some sort of reasonable amount like $100,000 or something.  Many people opposed the bill because the executives who sabotaged the American economy stood to cash out with millions of dollars.  With the government buyout being the catalyst that allowed the execs to be replaced (but not QUIT), they would be able to collect severance.  In short, the initial form of the bill would have had a few billion dollars go to a few dozen people who did not deserve it - in its current form, those amounts are limited to a reasonable compensation for any unemployed person.

- The president plans on signing this.  He is in total support.  There is no word on whether the Supreme Court opposes the bill but I really doubt it.

- Also, for those of you who still think the bailout is rewarding the Masters of the Universe (this is actually a real term economists use) with tax dollars: with or without the bailout and with or without a bailout plan, they are still the Masters of the Universe and they are still making a ton of money.  The people at the top of the world's economy - those whom we always hear described as the 5% who own 95% of the world's wealth - operate in a type of stock market different from the one we do.  They buy into hedge funds, not mutual funds or straight stock purchases through an investment firm like we do.  There is a big difference.  It is a lot to explain but basically it is a DIFFERENT stock market than the one we hear about.  Hedge funds are more or less immune from the type of market collapse we are experiencing (they are also outside of receiving any benefits from short-term booms in the market and are really risky and are basically like going to the casino and it is what very rich people do all day).  The bailout bill is designed to protect the everyman's IRA and 401K (me), not the people who control the world's markets.  Those people could care less because they operate in a different stock market.

- There are some alarming things about the bill.  Conspicuously, a senior official (I forget who it was some woman) was quoted as saying something like "We don't know exactly how much money we need; we just picked $700 billion because we wanted a really big number."

- I am personally really fucking relieved that the bailout plan passed and I am really disgusted with the media's inability to really report it properly.

Source:

http://www.msnbc.msn.com/id/27011002/