american tax payers will only have to pay an extra 5 THOUSAND DOLLARS in taxes if bush gets his way according to the bbc, so whats the problem lol sarcasm is a mutha ucker lol

everybody after me bow to my intelligence, you should be honoured that i blogged on this bushnomics to give u all that new knowledge ..

The root cause behind the instability of our markets is the republican fucks, their lobbyists, and the banking dynasty families like Rothschild, Rockefeller, & Morgan….

response to 1:30 into the video…it IS a rescue effort toward ONE PRIVATE CORPORATIOn…THE FEDERAL RESERVE.

this is bullshit.

Bush is doing THE EXACT SAME THING THEY DID WITH THE GOLD SEIZURE OF 1933.

“Give us your financial backings in order to help the economy….give us YOUR MONEY!!!”…..yea, the fuck right….

what the “MAN” is doing, is making the current american dollar WORTHLESS, in order to introduce the new money, AMEROS….these next few years are gonna be HELL, even WORSE than the GREAT Depression of the 1920s.

we’re al in for a rude awakening. America never has been AND NEVER WILL BE THE NATION OF HOPE.

Guess what, y’all…..we are all FUCKED….with sandpaper.

Cosign..Realtalk,

So this dumb a** president can send troops in Iraq and Afghan and use billions of dollars on “the war on terroism”, and he’s talking about an economic crisis. Just like a spoiled brat, screw up things and beg for others to bail em out.

lol i love all the ignorance. the problem was subprime lending-banks were encouraged, and rewarded, for giving loans to people whom they know couldn’t afford to pay them back. companies took these loans adn packaged them all together, selling off pieces of them. now the problem is no one knows how much these things are even valued at. btw this has nothing to do with republicsns, the senators who received the most money from Fannie Mae and Freddie Mac were Chris Dodd(democrat) and Barack Obama. Mccain and Bush were warning this could happen since 2002. this has nothing to do with bush please get some information or just don’t post at all. also, republicans are the only ones who are at all skeptical about this bailout, republicans are the ones that believe that government shuold be small and out of people’s way and out of business. some of these companies are so intertwined with other business, insurance, etc. it might have to be this bailout cuz otherwise it looks like the country is fucked. once obama gets in and doubles the capital gains tax our economy will be fukced anyway tho. there’s a lot of misinformation going on…

Originally we lived in a country were the government was intended to help the people, now we are moving into a police state. Freedom to Fascism, this is all part of the plan and its so obvious. I suggest you google video “Freedom To Fascism”

In the last week, many peers, business friends, and fellow students have heard me griping and issuing warnings about the state of the economy. As a result, many have requested that I address the reasons behind the recent collapse.

Unfortunately, the problem is much deeper than the average apathetic American cares to realize, and this current crisis is hardly the result of a collapsing housing market or unethical financial institutions. These are mere symptoms of a much more serious disease.

In the last few days, the big wigs in Washington have proposed new legislation that will cost the American taxpayers $700 billion (probably much more) in the name of “fixing the cause” and saving the markets. Ironically, this type of legislation is exactly the disease that has caused our current problems.

The collapse of the financial sector, the slumping housing market, and the unstable stock market are the direct results of loose monetary policy. Restated in simple terms: the reason for the failing economy is due to the government’s ability to manipulate the market.

After 9/11, the Federal Reserve cut interest rates to as low as 1% in order to “stimulate the economy.” As a result of the extremely low rates, individuals were given the illusion that they could afford extremely large loans. For example, a woman on the Dave Ramsey radio show revealed that she was given a loan for $1.5 million, while her income was only $28,000. This idea of living beyond one’s means became commonplace and was the reason for the incredible housing boom that we saw from 2002 to 2006.

Now, this failed policy has caught up to the economy. Those who have been living beyond their means and taking out huge loans are now unable to repay them. The financial institutions knew that many of these loans would be defaulted, but the low interest rates gave the illusion of affordability, allowing more loans than ever to be issued.

This is why there are so many homes in foreclosure. This is also why banks are failing – they aren’t receiving a return on the loans that they issued.

To “save the economy,” the government has proposed spending $700 billion to soak up these bad loans. However, it is this type of loose monetary policy that has caused the problem in the first place.

Some have suggested that the alternative, that is, doing nothing, would be more harmful than spending the money to “correct” the markets. However, the opposite is true.

If the market were allowed to fail, then it is true that there would be a difficult recession in the short run. Housing prices would drop sharply over the next twelve months, and there would be considerable layoffs and higher unemployment. It would be painful for a short time (one to two years). In economics, this is known as the market purging itself.

It’s like flushing the toilet – the market gets rid of all the bad loans and wasteful junk that has built up over the past years. The market does this when prices fall and marginal producers go out of business. After the prices fall, then people will again begin to spend money again, and the market corrects itself. Indeed there would be pain at first, but it would be short-lived.

However, if we stop the market from purging itself, then the bad loans and economic “junk” stays in the market. Prices are not able to correct themselves, so we continue to see an increase in housing, food, and gas prices while our incomes stay the same. Therefore, we don’t have a bad year or a bad two years…

we have a bad DECADE or TWO DECADES.

This bailout is for the rich. The CEOs of these failing companies are getting millions of dollars, while the shareholders get nothing. Meanwhile, poor people continue to pay high prices while their incomes stay the same.

Think about it this way: when the government buys up these bad loans, who gets the money? The rich get it. Poor people get nothing. As a result, poor people continue to pay high prices while seeing no increase in income.

If the market was allowed to fail, the rich would get nothing, but poor people would receive some benefit from paying lower prices.

This economic crisis is NOT a failure of the free market. It is the opposite; this crisis is the result of poor monetary and economic policy by the United States government. Instead of bailing out those who can no longer compete, companies should be allowed to fail. In doing so, the market will purge itself and be much more healthy in the long run.

My Predictions for The Next Ten Years

When I tell people this, they often ask, “So what does this mean? What’s going to happen?”

What will likely happen is that the government will continue to take over bad debt and socialize companies that are considered “too big to fail.”

As a result, there will be a buildup in debt and dependency that will collapse into the largest economic decline since The Great Depression. In order to “fix”

this problem, you will see politicians and the media lobby for a more stable system, and this will allow the North American Union to rise.

If you are unfamiliar with the North American Union, watch this video:

http://www.youtube.com/watch?v=vuBo4E77ZXo

This is the agenda. This is the reason why the government takes over and bails out these companies…there is a much bigger plan than what the American people realize.

All of these “bailouts” and increased government spending to “save the market” is part of a system known as Keynesian economics. John Maynard Keynes was an economist whose ideas were used by Hitler in order to justify fascism. It is the process of the government becoming bigger and bigger in order to “regulate and take care” of its citizens.

Yet Keynesian economics is what the United States government implements. It is what is taught in schools. It is the reason why the government continues to bail out the rich while oppressing the poor.

This trend will continue until the American people wake up and realize that we no longer have free markets in the United States. We do not have sound currency. We have a failing dollar. We have no national sovereignty.

And the New World Order is rapidly approaching.

Friends, I urge you to come out of ignorance and stand against this type of corruption. Call your Congressman and urge him or her to vote against this $700 billion bailout. And most of all, educate yourselves. Learn about free market economics and reject the ideas that we are dependent on our government.

It is only when we eliminate our dependency on Big Brother that we can become free again, and only then can the economy heal itself and become prosperous once again.

*smh*

The main (root) of the problem, is the young and sometimes old people who buying all this shit they cant afford instead of actually having the money they, use credit which aint shit to me, cause u aint gon buy nuthin from me on credit, u betta have all of my money, or maybe 3/4. If its something like a house i would accept 1/4 and i would look into how stable that person’s job was before i gave them a loan.

Freedom To Fascism, I couldnt have said it any better. However, I feel that the Federal Reserve WANTS this to happen, and has the power to make it impossible for a stand against this bailout. They WILL decrease inflation next year, its all just history repeating itself, with all the mistakes and errors from the 1929 “crash” ironed out.

#6 GT if you dont think stink Bush, Mclame, and the rest of there crew dont have anything to do with this economy then you have been brain washed by Billy O, Shawn fanny, and the rest of sly Fox!!!!! Im not gonna type a long brake down for you cause I got $ to make but here is the bottom line!!!! THE REPUBLICANS HAD THE CONGRESS AND WHITE HOUSE FOR 6 OF THE LAST 8 YRS AND SET THE ECONOMIC AGENDA!!!!!! SO HOW THE FUCK ARE THEY NOT TO BLAME!!!!! LOOK UP TRICKLE DOWN ECONOMICS AND HOW IT DOESNT HELP THE MIDDLE CLASS… THESE BANK CEO’S AND CHAIRMAN ARE ALL FRIENDS WITH THESE GUYS… IM NOT SAYING DEMOCRATS DONT HAV SOME OF THE SAME FRIENDS BUT THEY DONT SUBSCIBE TO TRICKLE DOWN ECONOMICS… BUSH IS THE WORST PRES WE HAV EVER HAD PERIOD!!!! IF YOU DONT THINK SO YOU HAVE YOUR HEAD UP YOUR ASS!!!!!!!!!!!!! 1. HE FUCKED UP THE GOOD WILL AND MORAL HIGH GROUND WE HAD AFTER 9/11…2 HE LIED TO US AND INVADED A COUNTRY FOR NO REASON…3 HE FUCKED UP THE KATRINA SITUATION….. 4 HE HAS FUCKED UP THE ECONOMY!!!!! I JUST WANT TO ASK ONE LAST QUESTION… ARE WE BETTER OF TODAY THAN WE WERE BEFORE THIS ASS STARTED RUNNING SHIT??? DONT TALK ABOUT OBAMA FUCKIN SHIT UP… NOBODY CAN FUCK SHIT UP LIKE STINKY BUSH AND MCLAME!!!!!!

FYI…this could have been avoided…thank Barack and his party….

Federal Housing Enterprise Regulatory Reform Act of 2005

look it up
http://www.govtrack.us/congress/bill.xpd?bill=s109-190

@#11

your dumb.

How did Bush fuck up Hurricane Katrina….I guess he told the people to just chill out….not evacuate….I guess he ordered Fema to not assist. Maybe you should familarize yourself with the role of the state agencies in these situations….

Trickle down economics was implemented by a democratic president….

your brainwashed dog…told who the enemy is…and whose at fault….look at things from the outside….without biasis…then make a decision.

BUsh is no doubt a jerk-ass…but he is not the sole problem…but he will take the blame.

I dont follow politics.

EARTH TO BOBBY #13 YOU DONT KNOW ME SO IMA GIVE YOU A PASS ON THE WORDS YOU USING TO DESCIBE ME BUT IF YOU THINK BUSH HANDLE THAT KATRINA SITUATION THE RIGHT WAY YOU MUST BE BLOWING HIM!!! HIS OWN PEOPLE HAVE STATED THAT HE WAS SLOW TO SHOW LEADERSHIP AND WAS OUT OF TOUCH!!!! AND HE WAS THE ONE WHO HIRED HIS IDIOT FRIEND HEAD OF FEMA WHO HAD NO PRIOR EXPERIENCE IN EMERGENCY SITUATIONS!!! THEN YOU SAY THAT A DEM PRES IMPLEMENTED TRICKLE DOWN ECONOMICS????? YOU ARE NOT A IDIOT YOU ARE DELUSIONAL!!!!! THATS WHY YOU ON THIS SITE YOU PROBABLY THINK THIS IS A COUNTRY MUSIC SITE OR SOMETHING!!!!!!!!!!!!

THE BANKERS WITH THEIR PERSONAL GREEDY AGENDAS ARE TO BLAME!!!!

THEY KNEW WHAT WAS HAPPENING, THEY PLANNED IT!!!

9/11 WAS A GOVERNMENTAL JUMPOFF OF A FEAR CAMPAIGN, IN ORDER TO CREATE WHATS HAPPENING RIGHT NOW!!!

LOOK AT HITLERS AGENDA, AND LOOK AT BUSH’S…THE SIMILARITIES ARE UNCANNY.

QUICK TIMELINE:
9/11-FEAR CAMPAIGN, DESTRUCTION OF ONE OF THE NATIONS MAJOR FINANCIAL HUB

POST-9/11-LOWERING OF INTEREST RATES DUE TO FEAR, IN AN ALREADY STRUGGLING ECONOMY,
WARS UNDER FALSE PRETENSIONS, FOR PROFIT AMONG “NATIONAL DEFENSE CONTRACTORS” (SIMPLY PUT, PRIVATE ARMIES)

THIS IS ALL A GAME TO A POWERFUL SMALL GROUP OF EVIL INDIVIDUALS BENT ON WORLD DOMINATION….WHICH HAS NEVER BEEN SUCCESSFUL…WE HAVE TO KEEP IT UNSUCCESSFUL, PEOPLE.

ROTHSCHILD, ROCKEFELLER, MORGAN, DISNEY, LI, REYNOLDS, ONASSI, KENNEDY,DUPONT, FREEMAN, BUNDY, ASTOR….THEY’RE ALL TO BLAME

So corporate America F***ed up and now we all have to pay for it. So when these guys are caking we don’t see a cent but when they go broke everyone has to come and save them?

^^^^

i was thinking the same thing!!!

and when they save the banks from debt…are the banks going to wipe the slate clean with the people who owe them money or got their cribs foreclosed???? NO

http://www.youtube.com/watch?v=m89SB59DT34&feature=related

its the NEW WORLD ORDER PEOLE LOOK IT UP THEY MAKE US THEIR SLAVES MIGHT MOUNTING DEBT ONTOP OF US

This is real fucked up but we the people can only pay these guys if we allow it
Shit we’ll been suffering since we came into this world and aint none of these dudes help us
now when they feel a tiny minute fraction of what we go through they asking us to help them
I say fuck it they might be able to throw couple of hundreds dudes in jail but if we all rise up there aint no way they can take us all down.
FIGHT THE POWER!!!

trickle down economics are what saved us from an economic crisis under Reagan in the 80’s. Rich people are the ones that start business, which in turn employ people in order to survive. no poor people goin out and buyin a restuarant and hiring people to work at it. that’s not even the point, though. bush is like hitler and this was a big conspiracy to make a few people rich??? i think it’s def time to put that blunt out brotha. Democrats (Obama) were the ones that blocked bills introduced to stop these risky practices of subprime lending, something Bush had warned about since 2002. And for the love of God, stop with the “Bush lied” talk. When intelligence from your own country, and several other prominent countries(England, Germany, Israel) says that a country has weapons of mass destruction, and that leader has refused to cooperate with the UN for years, it would be irresponsible not to do something about that, especially after such a huge attack on us. Oh, and Congress voted 4 it b/c it was the best decision we had given the information at the time. If Bush is a liar, then Clinton has to be also b/c he said Iraq had WMD’s.

BUSH AND CHENEY MADE PEOPLE BELIEVE IRAQ WAS ALSO RESPONSABLE FOR 9/11… DONT BELIEVE EVERYTHING THE GOV’T TELLS YOU… THEY THOUGHT HE HAD WMD BECAUSE WE GAVE THEM TO HIM IN THE 80′S WHEN WE WAS SELLING HIM WEAPONS OVER THE TABLE AND SELLING IRAN WEAPONS UNDER THE TABLE WHEN THEY WAS AT WAR!!! LETS NOT EVEN TALK ABOUT IRAN CONTRA AND THE DRUGS THEY PUSHED IN THE BLACK COMMUNITIES!!!! RUMSFELD, CHENEY AND THE REST WERE ALL THERE THEN AND THEY WERE THERE IN 2001!!! BOTTOM LINE IS THIS WHOLE ADMINISTRATION CANT BE TRUSTED AND I FEEL SORRY FOR THE PEOPLE THAT SUPPORT THEM BECAUSE THEY ARE THE ONES REALLY BEING FUCKED!!!! YOU DONT HAVE TO BELIEVE ME LOOK IT UP!!! A GOOD DOCUMENTARY YOU SHOULD SEE IS “WHY WE FIGHT” JUST CHECK IT OUT!!! WE CAN DEBATE IDEOLOGY BUT FACTS R FACTS!!!! NO MATER WHO IS TO BLAME WE NEED TO GET IT RIGHT FROM NOW!!!

this shit was a fraud from the beginning. they’ve been selling overpriced homes to anyone that would sign the damn paper, fuck if they could afford it or not because THEY GOT THE MONEY NOW ANYWAY DIDN’T THEY. this country is being LOOTED! our generation is gonna get TAXED OUT THE ASS WITH NOT A GODAMN THING TO SHOW FOR IT. when are we gonna stop putting up with this bullshit?!?!?

This was predicted 6 months in advance …..people if you don’t realize it things are going to start happening fast…this is premeditated they plan this… unplug from the matrix and see the world for what it truly is, a distraction. If something seems to be wrong with something 9 times out 10 it is…..Soon to come a pandemic (illness)…why is the government storing millions of temporary coffins in the southern states…what are they preparing for…check that out on you tube.

Jesus loves us all..

@realtalkny…i fell ur frustration but i think what’s happening now is that if the country(tax payers) don’t bailout wall street, than individual people and families will suffer and pay the price… so basically we’re already screwed now they just have to figure out how bad ppl will suffer cuz there’s no doubt, citizens are gonna pay the price either way.

I love how we can spend $150 Billion dollars to save the stock market whatever there spending it on but there are still hurricane katrina, and ike victims still without houses and shit!

AC, good call!!!! i would have never known if u never mentioned it….

wow.

American Holocaust.

This “ECONOMIC CRISIS”….its just one step closer to National Martial Law.

The way they describe it….an AMERICAN HOLOCAUST!!!

THERE ARE ALREADY DEATH CAMPS SET UP WITHIN THIS NATION???!!!!

OVER 800 OF THEM??!!!

MILLIONS OF PLASTIC COFFINS IN FEMA TRAINYARDS ALL OVER THE NATION??!!!

THE GOVERNMENTS FINANCIAL BACKING IS GOING TO COLLAPSE THIS FEBRUARY, AND THATS WHEN ALL HELL IS GONNA BREAK LOOSE…

NOW WHEN U HEAR THAT SAYING, IT DOESNT MEAN MUCH TO YOU, BUT REAQD IT AGAIN, SLOWLY & CAREFULLY…

ALL

HELL

WILL

BREAK

LOOSE.

LEAVE THE COUNTRY.

Google document the “Subprime Primer”…the shit is hillarious and makes it easy to understand what happened.

http://docs.google.com/TeamPresent?docid=ddp4zq7n_0cdjsr4fn