Looks like the “Free Market” Republicans and Stock Brokers aren’t so in to the “Free Market” when it starts costing them their own jobs….
Look at this poll from CNBC
http://www.cnbc.com/id/26740438
42% of CNBC reader’s thinks a Government bailout of a private company is a good thing?
Hypocrites… every single one of them…
How many welfare queens could we have bought new Cadillacs for what we’ve “bailed out” the financials already?
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http://biz.yahoo.com/ap/080916…
The markets should start to stabilize.
The government actually acted rationally tonight
.
Where do I get the form to apply for my $85 B loan ?
And how does this relate to AIG misfeasance we read in the paper a coupla months back ?
.
If they need investigating then that should happen.
Starting a domino effect of collapsing financial institutions was the alternative.
AIG supposedly covers a lot of worker’s insurance. No AIG == lots of hurting workers.
It’s only a 3-month loan. That’s enough to save it until November 4th rolls around, but it’s not out of the woods yet.
It’s about the whole philosophy of “pay later, enjoy now” that has completely crippled our financial sector.
I don’t know if it trickled down from businesses, or up from personal lines of credit, but everything has been completely irresponsible. The whole notion of having to work for what you have has been totally replaced in this country.
Bush’s “ownership society” is to blame, of course. People wanted things (cars, houses, TVs, everything) that were out of reach for them.
Somewhere along the way, the CW changed from “work hard, save, and you shall be rewarded” to the backwards “Buy now, pay later, save little”.
Regardless of what started it, everyone bit into the credit cookie. The problem is that everyone took way too huge of a bite. Now, the cookie is gone, and all that’s left is the bill. And who’s going to foot it? The American tax payers apparently.
main street is just starting to realize that the system is collapsing. The media eats it up and adds to the withdrawal of capital. Money market withdrawals threaten more regional banks.
If Goldman Sachs or Morgan Stanley come knocking on the door next week , what will main street do?
like we always do.
I think people forget that this country doesn’t belong to whoever is in the White House, it belongs to us. They decide what to do with it, but in reality it’s OUR money.
What is this going to do to the dollar? Inflation is already at a record high, and injecting another $150 Billion into the economy in 24 hours cannot possibly help.
She is one of the famous FSA New Deal photographers. Her most known picture is of a destitute pea picker holding children looking very worried.
Every right wing ideologue, every selfish conservative should be forced to look through this book with a mandatory 30 seconds per page. The hunger, the filth, the desparation, the lack of pride jumps off of the pages.
Here, found a link to the five images DL took of the mother. The pea crop was frozen, there was no work. She had sold the tires off of her car to buy food.
http://commons.wikimedia.org/w…
John Steinbeck is my all time favorite author and Dorothea Lange’s photography always reminds of his writing.
were informing the American public of the same problems, each in their own media. Coincidentally, we watched Grapes of Wrath a few months ago. Every junior high kid, especially the ones who think their life sucks should watch that.
The exact book I have here is: Dorothea Lange; Photographs of a Lifetime. An Aperature Monograph. Any collection of Lange photos will be pretty much the same. Look under the 779’s of the Dewey decimal system.
is the one I always think of http://konyv.paradicsom.info/d…
Lange used to laughingly complain that everyone thinks that was the only picture she ever took.
Although Margaret Burke-White was best known for her photos of technology, she also did some of rural and poor people. Just not her forte, like Lange.