Comments on CAN SOMEONE PLEASE BAIL ME OUT?????!

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yes, everyone wants a bail out, what about us???

posted by Samantha39 on December 12, 2008 at 8:31 PM | link to this | reply

What pains me, is that most of the wealth did not really exist. Each day the papers expose these fraudulent money managers who, in one fell swoop, make so many rich people poor.

posted by EX_TURPI on December 12, 2008 at 12:25 PM | link to this | reply

Excellent post, Ariala!

What can we do but pay attention and try to be wise about our own situations..I'm dreading it, but I really need to open that 401k statement that's been gathering dust for a week or so..Then I need to reallocate, change positions, etc. or follow my  instinct and maybe bail out completely, roll what's left (if anything) over into..who knows, coffee cans full of scraps of gold..(dreaming at this late date, probably, lol)..Research time, I guess..I hope!  

posted by PoetRaye on December 12, 2008 at 7:36 AM | link to this | reply

Pat, excellent point...it does take years to devolve into what

we have now...

posted by Ariala on December 12, 2008 at 7:22 AM | link to this | reply

I typeset a book about 15 years ago for a guy "The Decline of The

American Empire." He wrote that every empire since the Ottoman, including the Greeks, Romans, Brits, Soviet, etc., has collapsed under the cost of its military, of taking on foreign wars. Signs of impending collapse include widening divergence between the lower economic classes and the rich, the disappearance of the middle class, and a national debt load that causes the economy to collapse. This didn't just happen in '08 -- it's been coming since the late '60s.  

posted by Pat_B on December 12, 2008 at 7:16 AM | link to this | reply

Corbin, I agree. It is a good thing, despite how desperate it looks. Then

again, the executives refuse to take Toyota-type wages.   Let them restructure and stop being dependent on a government, begging them to print more money and make the rest of us pay for it later.

posted by Ariala on December 12, 2008 at 5:41 AM | link to this | reply

Ol' Ayn was one smart lady...........

Her writings are becoming the gospel with regard to the disintegration of our system......

Personally, I think the failure of the bailout is a good thing,  the American automakers will perhaps actually be able to throw off the yoke of the UAW, re-organize as  slimmer, trimmer, entities......

Do as the airlines had to do.........

Will it cause some pain among  their workers..........of course,  but the alternative, no job at all, is so much worse.

posted by Corbin_Dallas on December 12, 2008 at 5:00 AM | link to this | reply