|Politics| What would you do with $700 billion?

**Inu** · 09-25-2008

Quote:

Federal officials are debating a $700 billion bailout that the Bush administration said is necessary to save the American economy. Although Federal Reserve chairman Ben Bernanke says the plan is vital, both parties -- not to mention the American people -- have voiced serious concerns about its price tag. CNN.com iReporters shared what they would rather do with all that cash.

iReporters offer other ways to spend $700B - CNN.com

Initial jobless claims soar - Sep. 25, 2008

Do you agree with the huge bailouts of mismanaged companies using US taxpayer dollars? Is this the way to fix the struggling American Economy?

700 Billion Dollars. So many things could be done with this money, including health care for all, fixing education etc.. Some even suggest giving it back to the people, which sounds like a good idea but $2,300ish for each American isn't going to solve economy issues.

Financial bailouts of big companies isn't directly helping and the American people, and seeing the price tag on this move by Bush they don't want it to happen. The people are speaking out but whether they have enough (or any) sway in the decision is yet to be seen. This is a ridiculous amount of money to be throwing around in the final months of a presidential term. Sounds to me like Bush had some friends to pay off before he's kicked out of office.

Man has this guy dug a hole for the US.

I think the money has to be put into solutions for the future. Let these companies die, new ones will rise from their ashes and learn from their mistakes. Using this money for new forms of energy, social services including more disaster relief funds and help for people losing their homes - build shelters that will withstand floods, hurricanes and tornadoes.

We are social creatures, if you see someone suffering, you help them. The money should be used to rebuild and strengthen the middle and lower class. There should be no poverty or homelessness in North America with the technology and wealth that we posses.

**Ivan** · 09-25-2008

I saw Clinton on the Daily Show the other day talking about it. He said that, as Americans, we need to make an agreement to where if this deal is made would should see a huge return for it, and not just breaking even.

That aside, no. Fuck this. Plenty of businesses die out all the time and it isn't up to the government to fix their mistakes.

Dupe of USSJed · 09-27-2008

700 billion? Fuck, I thought it was 7 billion. I completely agree that bailing out some stupid ******s is less important then building houses and improving healthcare etc.

Lord_Sloth · 09-27-2008

What would I do with 700 bil. Hmm...Live off the interest of course. And probably allow several companies to live off the interest as well just to blow some of it.

SSJBulma · 09-28-2008

Quote:

Originally Posted by Inuyasha16

Man has this guy dug a hole for the US.

He's certainly expanded that hole with his JCB of doom.
I'm not sure what I would do with 700 billion quid. I suppose I could anything I want and in bulk loads. I definately wouldn't tell anyone I had it and don't worry I wouldn't be driving a gold plated Ferarri with a gold toilet installed, to give the game away.

Dupe of USSJed · 09-28-2008

Buy a diamond throne and rule over the Earth, which I would also buy.

**Ivan** · 09-28-2008

You expect to buy the earth with $700 billion, when just one company is being bailed out for that much? Yeah, right.

Anyway, this topic is derailing. The title was more of just an attention grabber for a discussion about the actual bail-out.

Lord_Sloth · 09-28-2008

I know. The bail out doesn't effect me so I really have no opinion of it.

**Inu** · 09-28-2008

How can you say it doesn't affect you? This is taxpayer money (and a hell of a lot of it) they're throwing around.

I was talking with my section commander on the weekend about this and he was saying if they didn't bail these companies out, people would lose their life's investments and homes and such. He's taking economics in university, I'll be looking into this side of the debate soon.

Nikushimi · 09-28-2008

Since when is it the government's business to spend tax-payers' money to save failing businesses?

What the fuck? Take that 700 billion and turn your living room into Peewee's Playhouse instead, that'd probably be more productive.

**Inu** · 09-28-2008

Quote:

Originally Posted by Nikushimi

Since when is it the government's business to spend tax-payers' money to save failing businesses?

It's because people's life savings are in the balance and it would be a major hit on the already phailing economy. They're not just handing the money over, the US treasurer will own these companies if this goes through.

Which presents another problem, government (well, really the federal reserve) owning more and more of the economy...

Merrily · 09-28-2008

Solve the bike epidemic Ha-Zah!

This is what happens when you elect a man with an IQ of a Mountain Gorilla. Can't say that I am not surprised by this. If it were me, there wouldn't be such a financial debt to begin with and that 700 Billion would go towards environmental strategies as well as providing low income housing; help programs for those who are struggling as homeless people. But it isn't me, it is George Bush. It is the nature of mankind to think of yourself before others. Way to go America you sure know how to pick'em.

Quote:

I know, it's tough not to feel a little shaken, unnerved, openly disgusted. A $700 billion bailout of a Bush-gutted economy by an already nearly bankrupt U.S. Treasury? Two trillion for a failed war in Iraq? Ten trillion in national debt and a $480 billion budget deficit (not counting the $700B for the bailout and it could be much more) and a record trade deficit, with all those numbers nearly double (if not far more) of what they were in 2001? Why, you'd almost think someone -- or maybe an entire administration, perhaps the most irresponsible in modern U.S. history -- was largely to blame. But they're not! Because they're just numbers!

700 billion fluffy nothings / Staggering bailouts? Body counts? Global warming stats? They're just numbers, silly

Nikushimi · 09-28-2008

Quote:

Originally Posted by Inuyasha16

It's because people's life savings are in the balance and it would be a major hit on the already phailing economy. They're not just handing the money over, the US treasurer will own these companies if this goes through.

Which presents another problem, government (well, really the federal reserve) owning more and more of the economy...

The government's already fucked our economy up bad enough, I think it's about time they sat this one out and let our good ol' friend Mr. "Invisible Hand" work his magic.

Roleplay · 09-28-2008

I personally would donate quite a lot to MFG for my Friend of MFG badge, then buy 4chan and close it.

But seriously i find it stupid that the American government is going against capitalistic views and bailing these companies out.

**Inu** · 09-28-2008

My favorite Republican Ron Paul explains what`s going on with the bailouts and makes Wolf Blitzer (who tries to defend the bailouts) look like the moron he is.

09-25-2008	#2 (permalink)
Ivan Moderator Join Date: Sep 2005 Location: Halcyon Posts: 3,273 Rep Power: 131	Re: What would you do with $700 billion? I saw Clinton on the Daily Show the other day talking about it. He said that, as Americans, we need to make an agreement to where if this deal is made would should see a huge return for it, and not just breaking even. That aside, no. Fuck this. Plenty of businesses die out all the time and it isn't up to the government to fix their mistakes. __________________ Brawl Tournament Discussion/Match-ups/Betting Brawl Tournament Topic

09-27-2008	#3 (permalink)
Dupe of USSJed (28) Lord of Worlds Join Date: May 2008 Location: drawing. Im kinda the best drawer in my class , not to brag or anything Posts: 7,501 Rep Power: 195	Re: What would you do with $700 billion? 700 billion? Fuck, I thought it was 7 billion. I completely agree that bailing out some stupid ******s is less important then building houses and improving healthcare etc. __________________ Is Tien fucking strong? Damn right he is. http://anime.myfavoritegames.com/ani...hs-humans.html SSJ3 Gotenks kicks ass btw.

09-27-2008	#4 (permalink)
Lord_Sloth (29) Great Lord of Worlds Join Date: Feb 2004 Location: Douglasville Georgia Posts: 8,636 Rep Power: 78	Re: What would you do with $700 billion? What would I do with 700 bil. Hmm...Live off the interest of course. And probably allow several companies to live off the interest as well just to blow some of it. __________________ Lord_Sloth's Theme Song Lord_Sloth's "ASK ME ANYTHING!!!" Go ahead, click and ask whatever you want. "You can't help it. You can't fight it. You can't accept it. You just have to leave everything related to it because you couldn't get what you chose." ~Evil Dark Knight http://cristgaming.com/pirate.swf

09-28-2008	#6 (permalink)
Dupe of USSJed (28) Lord of Worlds Join Date: May 2008 Location: drawing. Im kinda the best drawer in my class , not to brag or anything Posts: 7,501 Rep Power: 195	Re: What would you do with $700 billion? Buy a diamond throne and rule over the Earth, which I would also buy. __________________ Is Tien fucking strong? Damn right he is. http://anime.myfavoritegames.com/ani...hs-humans.html SSJ3 Gotenks kicks ass btw.

09-28-2008	#7 (permalink)
Ivan Moderator Join Date: Sep 2005 Location: Halcyon Posts: 3,273 Rep Power: 131	Re: What would you do with $700 billion? You expect to buy the earth with $700 billion, when just one company is being bailed out for that much? Yeah, right. Anyway, this topic is derailing. The title was more of just an attention grabber for a discussion about the actual bail-out.

09-28-2008	#8 (permalink)
Lord_Sloth (29) Great Lord of Worlds Join Date: Feb 2004 Location: Douglasville Georgia Posts: 8,636 Rep Power: 78	Re: What would you do with $700 billion? I know. The bail out doesn't effect me so I really have no opinion of it. __________________ Lord_Sloth's Theme Song Lord_Sloth's "ASK ME ANYTHING!!!" Go ahead, click and ask whatever you want. "You can't help it. You can't fight it. You can't accept it. You just have to leave everything related to it because you couldn't get what you chose." ~Evil Dark Knight http://cristgaming.com/pirate.swf

09-28-2008	#9 (permalink)
Inu Moderator Join Date: Nov 2004 Location: Canada Posts: 3,078 Blog Entries: 5 Rep Power: 68	Re: What would you do with $700 billion? How can you say it doesn't affect you? This is taxpayer money (and a hell of a lot of it) they're throwing around. I was talking with my section commander on the weekend about this and he was saying if they didn't bail these companies out, people would lose their life's investments and homes and such. He's taking economics in university, I'll be looking into this side of the debate soon.

09-28-2008	#10 (permalink)
Nikushimi Naruto Ranked (30) Akatsuki Leader Join Date: Jul 2004 Location: NF's MBD, in some thread raving about Itachi. Posts: 14,010 Rep Power: 233	Re: What would you do with $700 billion? Since when is it the government's business to spend tax-payers' money to save failing businesses? What the fuck? Take that 700 billion and turn your living room into Peewee's Playhouse instead, that'd probably be more productive. __________________ Pierce the heavens.

09-28-2008	#14 (permalink)
Roleplay (23) Final Warrior Join Date: May 2005 Location: The world that never was. Posts: 2,641 Blog Entries: 5 Rep Power: 64	Re: What would you do with $700 billion? I personally would donate quite a lot to MFG for my Friend of MFG badge, then buy 4chan and close it. But seriously i find it stupid that the American government is going against capitalistic views and bailing these companies out. __________________

09-28-2008	#15 (permalink)
Inu Moderator Join Date: Nov 2004 Location: Canada Posts: 3,078 Blog Entries: 5 Rep Power: 68	Re: What would you do with $700 billion? My favorite Republican Ron Paul explains what`s going on with the bailouts and makes Wolf Blitzer (who tries to defend the bailouts) look like the moron he is.