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Barack Obama is the next President of the USA
Topic Started: Nov 5 2008, 12:08 AM (4,724 Views)
Arrogant
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JFK
Nov 8 2008, 12:20 PM
Storm the Red
Nov 8 2008, 02:24 AM
You know, I don't know where this will fit into this topic, but I'll share a little thing my dad once said. He said that, when the bailout happened, it would have been cheaper for the government to give everyone 1 million dollars, AND it would jumpstart the economy much better.

Just throwing in some two cents since we're discussing helping the poor and stuff. Again I'm not really sure where this fitted in, but why not say it?
Well, based on the current US population from the CIA world factbook, that would work out to about a 303 Trillion dollar bailout.

But IMO the premise is sound... if everyone in the US was given 10,000 dollars it would jumpstart the economy and would not burden the economy any more than the bailout did.
I don't expect the government to hand over money to a bunch of teenagers, children, babies, or infants.

It likely would have been cheaper (the $10,000), but the American people wouldn't have tried to jumpstart the economy with it. Instead, they'd simply pay off what little credit dept they could manage and go on another shopping binge with their trusty plastics.
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Starlake
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No way. Everyone would buy new TVs, computers, houses, cars...

Give people money, and 90% of them will spend it.
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Pete B
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And what happens after that?
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Gwennie
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I still think the bailout should've gone into the FDIC insurance fund. Let the banks and institutions that screwed up...fail. Provide the money to cover the deposits for the people who had their money there, and let them go to financially sound banks. Don't reward the bank institutions, which is exactly what we did. (rewarded them.) Probably not an economically sound idea, but it works in my head. LOL
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Justin-ZNS
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Gwennie
Nov 8 2008, 05:56 PM
I still think the bailout should've gone into the FDIC insurance fund. Let the banks and institutions that screwed up...fail. Provide the money to cover the deposits for the people who had their money there, and let them go to financially sound banks. Don't reward the bank institutions, which is exactly what we did. (rewarded them.) Probably not an economically sound idea, but it works in my head. LOL
Ditto. It gives the impression that if a business is too irresponsible with its money, it can just turn to the government for a nice little handout to keep going. If a business can't support itself [especially banks], it doesn't deserve to be in business.
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JFK
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Justin
Nov 8 2008, 10:01 PM
Gwennie
Nov 8 2008, 05:56 PM
I still think the bailout should've gone into the FDIC insurance fund. Let the banks and institutions that screwed up...fail. Provide the money to cover the deposits for the people who had their money there, and let them go to financially sound banks. Don't reward the bank institutions, which is exactly what we did. (rewarded them.) Probably not an economically sound idea, but it works in my head. LOL
Ditto. It gives the impression that if a business is too irresponsible with its money, it can just turn to the government for a nice little handout to keep going. If a business can't support itself [especially banks], it doesn't deserve to be in business.
You hit the nail on the head with that one.

G. Edward Griffin has some very interesting things to say about that aspect. ;)
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Billamen
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This was quite a funny election I thought. I'm happy that it's over, and I would've supported either McCain or Obama, regardless of the outcome. I find it strange that the three states on the west coast are Democratic, while the states to the east of them went Republican. I'm on the West Coast, and I'm not surprised at all. The west coast is highly Democratic, and so is the Pacific Northwest, except for Idaho.

This election shifted the order of things. Usually a Democratic president means a Republican congress, but not in this lifetime. That always makes things hard.
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Gwennie
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I dunno; I live in (south) Orange County, California....it doesn't get much more west coast than that, and it doesn't get much more Republican. LOL
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dmoquinn
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Personally, I thought McCain and Palin would have been a better president and vice president. They have more experience. Obama has some, but not as much.
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FinalKiller0
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OVER 1,000!!
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Biden has a lot of experience; Palin hardly has any.
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Tanith
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Remember that Obama has been in politics since 1997 and a Senator since 2005 the way some republicans were talking during the election made it sound as if Obama has not been in politics for that long.
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Nivexonix
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I don't think experience is as much of a problem as some other things. The main thing is how well can the individual see the angles of a plan. Some are good, some are bad. Experience could help, but it isn't as much needed as is the ability and strength of analysis.
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Delirium-ZNS
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dmoquinn
Nov 13 2008, 03:39 AM
Personally, I thought McCain and Palin would have been a better president and vice president. They have more experience. Obama has some, but not as much.
Palin, no. She just scares me.
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Stephen
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Twilight is upon me, and soon night must fall.

So the rumors on Obama's administration are interesting. Clinton, Kerry and several other prominent Democrats. Seems like he's surrounding himself with some pretty knowledgeable people.
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Locke
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And should not our government be filled with some of the best? (more of a rhetorical comment)

Newsweek is throwing Kerry out of the running presently, but moving Clinton to the top. I'm more interested, at the moment, in the rumor that Colin Powell may be in line for Secretary of Education.
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