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Freddie Mac/Fannie Mae bailed out - Your share: $1,300 »

Posted By Stringcheese 4 months, 1 week ago in News

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Your share of the debt is about to climb another $1,300. And that ’s on top of the more than $31,000 you already owe! Congress is dealing with the housing debt crisis by bailing out two private lenders known as Freddie Mac and Fannie Mae. The bill - and that’s exactly what it is - is a bill you are going to be expected to pay, is $400,000,000!

Read Full Story at campaign.blog.bobbarr2008.com »

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Stringcheese

Love reading about tech news, and politics. Something interesting about me is I sleep on a polyphasic schedule (4.5 hrs at night, and two ...

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Comments So Far: 34
  • 100%
    Stringcheese4 months, 1 week ago

    "The average American doesn’t understand what’s going on. They have a sincere, but misguided, desire to help people less fortunate than themselves at this time of economic crisis. But this bailout only rewards people who made bad decisions and bails out those who profited from them."

    -Couldn't agree more.

    Reply

    7 Replies

    • 75%
      jordan114 months, 1 week ago

      I think it's you who doesn't understand. Try reading this, ALLof it, to begin to get a sense of predatory capatalism &how it uses people of lower economic status, You are victimizing the victims. What needs to be addressed is the money hungry predators who set up this scenario. And by the way, those buyers who will have their mortgages redone at a lower rate will be paying back taxpayers when they sell their homes. A portion of their homes increased value will go back to us. Unfortunately, those who made a bundle off of this mess, don't have to pay us back a dime.
      http://www.olywip.org/site/page/article/2008/02/08.html

      Reply

      4 Replies

    • 0%
      ecotourusa4 months, 1 week ago

      Stringcheese, thank you for submitting this article. It will inform Propellerites on the huge scam we just got sucked into.
      first of all, buried in that bill is the fact that all our credit card transactions are going to the IRS for monitoring. (Unconstitutional)
      so, they got the FISA bill in place and now this. we no longer have personal freedoms. it's HIGHLY possible, we will be a policed country very soon.
      And, we, the taxpayer, will be footing the bill. how much more can we endure while the elitist coast on...

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      1 Reply

    • 0%
      Stringcheese4 months, 1 week ago

      This isn't even the normal "crazy" libertarian candidate. Bob's fiscally conservative and socially liberal stance can welcome disinfranchised people from any party.

      Reply
    • 100%
      quackpot4 months, 1 week ago

      Hundreds of billions have already gone to bail out the wall street rich that created this disaster, and they want more and more and more.

      This latest fiasco of Bush economic policy has resulted in:

      --Massive debt to our children
      --Huge devaluation of the dollar as a result of the "just print money" philosophy of the bailout

      All while continuing the ongoing philosophy of
      --tax breaks to the ultra-rich
      --SPEND SPEND SPEND

      We can not afford another term of a Bush-look-alike.

      Reply

      3 Replies

    • 100%
      Teech4 months, 1 week ago

      What are you guys bitching about? You all made waaaayyyyyy over 2 million last year and got a $300,000 to $400,000 tax cut didn't you? And you're gonna make sure it trickles down, right? And these tax cuts to you ultra rich cats have done wonders for the economy, lowered energy prices, created millions of jobs, and put more money in your pockets than you ever had, right? C'mon, admit it. You voted for Bush and that big tax cut you knew was coming, don't lie!

      Even you working stiffs voted for Dumbya cuz he promised you a bit tax cut!

      And those banks made a bunch of money in fees and points up front for those bad loans. Too bad the flakes lost their jobs and couldn't pay, or just never could have afforded that house anyway. Not their fault the house didn't double in value in a month so they could flip it.

      Raise the tax on future profits for those crooks? Are you nuts? Bad for business! Go back to the Clinton era tax tables on big oil and big pharm? Hell no! Bad for business. They gave millions to get Bush elected and are giving more millions to get McSame elected. We'll just borrow the money like Bush has done for 8 years and pass it out to those ultra rich folk who need it most.

      Oh, you're not ultra rich.

      Sucks to be you!

      Reply

      1 Reply

    • 50%
      RichFatCat4 months, 1 week ago

      Well, I've just been a lurker lately, waiting for the bugs to get ironed out of this sucker.

      But this one got me. Teech said:

      "Well, uh, you could uh, oh, God forgive this poor working slob for even suggesting such a foul perversion - but you could have a slight tax increase on the huge corporations that made billions on this deal before it went sour.

      They'll be back. Bigger and richer than ever, on your money, to pull this scam again, and again, and again.

      Guess you forgot Charles Keating and the 800 billion taxpayer bailout of the Reagan Deregulated Savings and Loans. Yup, you forgot - and voted for Bush who pulled the same scam. And 41% of Americans are ready to DO IT AGAIN!

      Gotta love it."

      Pretty smart for a teacher, maybe a history teacher, at that. But, those that can (like me) do - make lots and lots of money - and those that can't, teach! No offense intended and I hope none taken. We need teachers in this world, drones, too!

      I'm not nearly as rich as Warren Buffet, believe me, but Warren was right when he publicly stated that you could double, triple, quadruple, quintuple his taxes and he would STILL be filthy, stinking, gloriously super rich!

      You could double or triple mine and I'd still be damn comfortable.

      But it ain't ever gonna happen - because we gave lots of money to get Bush elected and we'll give even more to get McCain elected. And the rest, as they say (for you, teech) is HISTORY!

      Reply
      • 50%
        Shana4Liberty4 months, 1 week ago

        Thank goodness we have a candidate to vote for who understands that the way to avoid situations like this is to get the government OUT of the mortgage business and let the free-market system do it's job.

        Reply

        1 Reply

      • 100%
        sockit4 months, 1 week ago

        Too bad that the press either does not understand or does not want to report that this is not a buy out, it will only be used if needed and it is not needed now. If it is ever needed and i don't believe it will. the gov will buy stock in them and will be able to sell stock after the housing market turns around.

        Reply
        • 100%
          Tangent0014 months, 1 week ago

          Isn't Socialism wonderful?

          I wish I could have someone cover my a$$ until the housing market turns around!

          Reply

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