Citizen Bailout?

[Mr. Nice Guy]

You ever heard of a female getting pregnant the first time she ever has sex?
Then you have the crowd that assumes that she must be a loose slut because she's pregnant. When in all actuality, she got pregnant her first time.

Thats the same scenario here.

Air - Check
Water - Check
Food - Check
Shelter - Check
Sex - Check


All the essentials needed for survival :ermm:





Simple equation for you here; if you don't want/can't support kids..... well I don't think I need to tell you the answer.

Whatever the reason she got pregnant is 100% her issue and her responsibility and I fail to see any correlation between a young woman getting pregnant as a result of her very first time having sex and predatory lending practices.

 

[Mr. Nice Guy]

I couldn't care less about the derivitive bubble or anything else thrown my way. I'm gooooooooooooooooooood.

Here is what I want to know. I believe I remember you mentioning in the past that you are prepared (to some degree) for any type of scenario that may present itself. I am the same way.

I don't believe it is going to happen necessarily, but if for some reason the house of cards we call a society does in fact crumble and our precious groceries are no longer delivered daily to our local grocery store; I am prepared for that circumstance and believe you have mentioned something similar.

Would you then be willing to distribute the supplies and resources that you diligently prepared to those who did not do the same?

Did you read the post I made that had bold text? How are those living paycheck to paycheck and those fired or layed off because of their employer responsible for their own actions when the first group IS working, and the second group WAS working, but as a result, no longer is working because of the actions of someone else?

They are responsible because they did not properly prepare and assumed that the current economic environment was going to continue indefinitely.

Hypothetically if a circumstance where someone did make all the best moves available to them does exist (and I highly doubt anyone would have actually done this because we are so conditioned by western culture that for many of us even living at home past 21 is inconceivable and in reality we should all be living at home much past that age and possibly indefinitely), and they were laid off and could no longer afford essentials, then in that situation they are not responsible; but neither am I or anyone else. If no one is responsible then it’s just a shitty situation, and life can be a bitch, but no one else and therefore no tax dollars are responsible for solving their problem.

 

[ThaG]

No bailout for anybody, it as simple as that

We collectively as a society are the ones brought this whole catastrophe on us (and this Fall events are nothing compared to what is coming in the next decades), but this happened because everybody acted as an individual aiming at maximizing his wealh, and therefore we have to pay the price individually

 

[HERESY]

Here is what I want to know. I believe I remember you mentioning in the past that you are prepared (to some degree) for any type of scenario that may present itself. I am the same way.

I don't believe it is going to happen necessarily, but if for some reason the house of cards we call a society does in fact crumble and our precious groceries are no longer delivered daily to our local grocery store; I am prepared for that circumstance and believe you have mentioned something similar.

Would you then be willing to distribute the supplies and resources that you diligently prepared to those who did not do the same?

A family member recently asked me a VERY SIMILAR question. My response was very short. In fact, I directed them to a parable in the bible and told them it has the answer. Here it is Matt 25.

Then shall the kingdom of heaven be likened unto ten virgins, which took their lamps, and went forth to meet the bridegroom. And five of them were wise, and five were foolish. They that were foolish took their lamps, and took no oil with them: But the wise took oil in their vessels with their lamps. While the bridegroom tarried, they all slumbered and slept. And at midnight there was a cry made, Behold, the bridegroom cometh; go ye out to meet him. Then all those virgins arose, and trimmed their lamps. And the foolish said unto the wise, Give us of your oil; for our lamps are gone out. But the wise answered, saying, Not so; lest there be not enough for us and you: but go ye rather to them that sell, and buy for yourselves.

They are responsible because they did not properly prepare and assumed that the current economic environment was going to continue indefinitely.

Refer to the parable.

Hypothetically if a circumstance where someone did make all the best moves available to them does exist (and I highly doubt anyone would have actually done this because we are so conditioned by western culture that for many of us even living at home past 21 is inconceivable and in reality we should all be living at home much past that age and possibly indefinitely), and they were laid off and could no longer afford essentials, then in that situation they are not responsible; but neither am I or anyone else. If no one is responsible then it’s just a shitty situation, and life can be a bitch, but no one else and therefore no tax dollars are responsible for solving their problem.

Again, I'm talking about the people who are living from paycheck to paycheck, and those who were victims of corporate stupidity. The first group may not have the ability to save and prepare because they are living from check to check as it is. Tax payers are not responsible, but the people who placed them in their situations are.

If the corporations can pay a ceo millions of dollars after bankrupting a company, or causing it some other type of loss, why then can it not be held responsible for the damages it does to the economy or to the little people?

 

[HERESY]

No bailout for anybody, it as simple as that

We collectively as a society are the ones brought this whole catastrophe on us (and this Fall events are nothing compared to what is coming in the next decades), but this happened because everybody acted as an individual aiming at maximizing his wealh, and therefore we have to pay the price individually

We aren't paying the price individually.

I doubt the world will last for decades.

 

[XxtraMannish]

And I understand there are people who lack the maturity to be responsible with finances and tangibles. However, you also have people who basically 'manipulated' the situation and placed them in an awkward position. Should they, the people who manipulated the situation, be held responsible for their shenanigans?

@Mr. Nice Guy, we aren't bailing ourselves out. We're killing ourselves and setting ourselves up for the BOOM BAPP KABLOW.

OOPS POW SURPRISE!!!

 

[HERESY]

OOPS POW SURPRISE!!!

Add a couple of curse words to that also.

 

[XxtraMannish]

Add a couple of curse words to that also.

Shit fuck hell liver pussy snot swine

 

[Gordon Gekko]

Let me explain something to you all also. It's not about going wild with credit cards or taking out loans and not being able to repay them.
Like my situation for instance. I'm 24 years old and I've never owned a credit card, nor have I ever taken out a loan (except for having my car financed). I've always paid for everything straight up. The only things that shows up on my credit as being in good standing is my car note and another thing. I also dont have any serious debt. Maybe like a $900 debt, thats it. They consider my credit to be bad because I haven't bought a lot of things on credit. They call it "no revolving credit history." So because of that, I'm not able to get a lot of things.
Which makes no sense, because...why punish me because I havent bought anything on credit ever? As a matter of fact, I cant even get a credit card, simply because they say that I dont have established credit. I've always believed in paying for what I wanted/needed straight up so I wont have to owe anbody afterwards. But...when I've tried signing up for cards, I get declined. When I've tried having my car refinanced, I've been declined. All because of what they call "no revolving credit history."
The Americans like me are hurting too because of this nonsense as well.

 

[Mr. Nice Guy]

A family member recently asked me a VERY SIMILAR question. My response was very short. In fact, I directed them to a parable in the bible and told them it has the answer. Here it is Matt 25.

Then shall the kingdom of heaven be likened unto ten virgins, which took their lamps, and went forth to meet the bridegroom. And five of them were wise, and five were foolish. They that were foolish took their lamps, and took no oil with them: But the wise took oil in their vessels with their lamps. While the bridegroom tarried, they all slumbered and slept. And at midnight there was a cry made, Behold, the bridegroom cometh; go ye out to meet him. Then all those virgins arose, and trimmed their lamps. And the foolish said unto the wise, Give us of your oil; for our lamps are gone out. But the wise answered, saying, Not so; lest there be not enough for us and you: but go ye rather to them that sell, and buy for yourselves.

Good parable, I agree with it 100%

Again, I'm talking about the people who are living from paycheck to paycheck, and those who were victims of corporate stupidity. The first group may not have the ability to save and prepare because they are living from check to check as it is. Tax payers are not responsible, but the people who placed them in their situations are.

If the corporations can pay a ceo millions of dollars after bankrupting a company, or causing it some other type of loss, why then can it not be held responsible for the damages it does to the economy or to the little people?

I see what you are saying, and I fully agree that the corporations should be held responsible and the fact that some outgoing corporate officers are STILL receiving million dollar severance pay/bonus packages amidst their ultimate destruction of a company is absolutely asinine.

The problem with being responsible to compensate for lost jobs is that these companies had WAY more liabilities then they had assets because everyone jumped on this leverage bandwagon.

The corporations should be responsible to pay for the jobs they cost as a result of negligent management, but when they can't, no one else should be held responsible either and I believe that is where we find ourselves in this example.


I think one important solution to this is to significantly increase the responsibility that comes along with filing for bankruptcy.

Right now people file for bankruptcy as a form of protection from creditors, and that encourages dangerous money management.

We need to change the laws so that bankruptcy is no longer such a viable option, and that you can’t walk away from debts using it; in addition to utilizing other deterrents such as jail time.

 

[Collapse]

Peter Schiff

 

[FuccU!]

Thats what they WANT everyone to think. That American citizens are in such huge debt because we spend too much. Which isn't true. Of course the banks wont mention how whenever they need a law passed to screw people over more, all they do is make a phonecall to Washington.

how is it not someones fault if they made that mistake themselves? no one can force ne one to do ne thing

 

[FuccU!]

And I understand there are people who lack the maturity to be responsible with finances and tangibles. However, you also have people who basically 'manipulated' the situation and placed them in an awkward position. Should they, the people who manipulated the situation, be held responsible for their shenanigans?

@Mr. Nice Guy, we aren't bailing ourselves out. We're killing ourselves and setting ourselves up for the BOOM BAPP KABLOW.

thats why ur supposed to learn from ur mistakes, not blame it on someone else. thas how u end up makin the same mistake twice

 

[FuccU!]

You ever heard of a female getting pregnant the first time she ever has sex?
Then you have the crowd that assumes that she must be a loose slut because she's pregnant. When in all actuality, she got pregnant her first time.

Thats the same scenario here.

lol not the same thing.

 

[HERESY]

thats why ur supposed to learn from ur mistakes, not blame it on someone else. thas how u end up makin the same mistake twice

I have a serious question for you. If I were to ask you to explain in your own words what you think I'm saying or trying to convey, would you be able to do so?

If yes, I ask that for clarity purposes you explain in your own words what you think I'm saying or trying to convey.

If no...

 

[siccness-user]

We aren't paying the price individually.

I doubt the world will last for decades.

i was thinking kind of the same thing,

looks like that in just 1 decade, it's going to get very ugly

 

[Gordon Gekko]

how is it not someones fault if they made that mistake themselves? no one can force ne one to do ne thing

How can you not supposedly "spend too much" when the price of everything is going up, and the jobs aren't giving cost of living raises?
Get that BS out of your head that people are just spending wildly because it isn't true.

 

[Mr. Nice Guy]

How can you not supposedly "spend too much" when the price of everything is going up, and the jobs aren't giving cost of living raises?
Get that BS out of your head that people are just spending wildly because it isn't true.

LOL, people DO spend too much and our society has conditioned us all into completely misunderstanding the idea of a necessity.


This all goes back to the point that we were raised on a lifestyle that is completely unsustainable, and all this bailout is doing is reinforcing the idea that we all "deserve" a growing list of necessities, and that higher consumer spending and subsequent debt levels is a good thing.


Henry Paulson is now pointing his finger at banks/etc and saying "you need to ease credit restrictions to jump to start our economy"..... Hey Henry, what the fuck was a big part of getting us into this mess in the first place????


I don't need to post up the graphs, because I assume everyone here knows that Americans savings rates have been plunging for years and we have all been living off an inflated currency because of the ease of access we had to credit.


We need to redefine our lifestyles and it starts here with ending this hyper-destructive credit fueled consumer orgy.

 

[Collapse]

Peter Schiff

How can you not supposedly "spend too much" when the price of everything is going up, and the jobs aren't giving cost of living raises?
Get that BS out of your head that people are just spending wildly because it isn't true.

Look at the video i posted

 

[FuccU!]

I have a serious question for you. If I were to ask you to explain in your own words what you think I'm saying or trying to convey, would you be able to do so?

If yes, I ask that for clarity purposes you explain in your own words what you think I'm saying or trying to convey.

If no...

good point, lol. i just reread ur post, and to rephrase my reply, i would say it really depends. i would say that there should just b laws to where contracts r explained in plain/simple english. deception and lies can b two different things at times and if u care to clarify that much then u should make sure u know what ur gettin urself into