Korean Job Discussion Forums

[Gatsby]

How much do you think the U.S. government will have to shell out for the bailout package in the first year, give or take a couple hundred zillion?

(I would have said "U.S. taxpayer shell out" but it's not clear who is going to pick up the tab.)

Keep in mind the U.S. government (and taxpayer, presumably) will get some of the money back, eventually, when the value of real estate in the U.S. improves.

And the cost of the bailout could increase beyond the first year, I would guess.

[mises]

If they work with the assumption that the state must print money to save the printed money, then there is simply no limit to how deep in crap they can go. I voted for 2 trillion but would have gone as high as 5 trillion as that is a discussed figure.

[ontheway]

This bubble was created by printing money.


The bailout has been designed to reinflate the bubble. They will use no tax money. They cannot. The US already has a deficit. They cannot raise taxes enough to balance the budget, cover increasing entitlements and use real money to make the bailout payments. So there will be no tax increases, maybe even cuts.

So how will they pay for the bailout? They would have to borrow if this was funded as part of the budget. That would create a huge, insupportable deficit. So, no taxes, no borrowing, ...

But don't worry. This bailout will be funded off the Federal Budget. It will use phoney accounting, smoke and mirrors.


It's just like Enron, only with the whole world's economy being pumped up by socialist fiat money, it will be like hundreds of Enron's collapsing every day, day after day, and the coming, inevitable, final bankruptcy will be astounding!


The final collapse of the world's socialist, fiat money system engineered by the Federal government and the Federal Reserve is coming.


Get ready for the fall.

[sojourner1]

Fix it in the way of stimulating new companies to produce products that make Americans money. Fix it in the way of upgrading infrastructure. Get America producing profitable products again to create jobs and real profits for all of us.

Trying to fix the fouled up leaderships mistakes is not going to do anything positive. They will just take the money in the form of capital gains and we're left high and dry with a really broken system. The only reason why the market wants the bailout is to infuse more cash flow into the markets so more capital gains can be realized by investors. When it's exhausted, then we're back to square 1, but in worst shape and many people having suffer more so.

Instead of financing short term capital gains, let's get the economy moving again by supporting those who want to start companies who can actually contribute something back to the country in the form of jobs and adding value to the country itself by producing things that read, "Made in the USA."