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nj2nh · 09-30-2008, 05:17 PM

I don't pretend to even begin to understand this mess, but I think this is what the goverment should have explained. The bailout plan was designed to keep the economy from crashing by buying the assets of the failing companies. When the economy turns around, then the government sells the assets. In the end, it would probably not cost the taxpayers anything or only very little. So, the government isn't pouring money into Wall Street or Main Street. People who ask why the government isn't paying their bills rather than saving the corporate hot shots just don't get it.

By the by, the $750 million bailout is far less money than the $1.2 trillion that simply vanished when the stock market lost those 700 plus points yesterday. Makes you think.

Remember, though, I don't follow this too closely although I probably should. Too depressing.

nj2nh

09-30-2008, 05:17 PM	#96
nj2nh Senior Member Join Date: Apr 2004 Location: NJ Posts: 529 Thanks: 80 Thanked 47 Times in 27 Posts	I don't pretend to even begin to understand this mess, but I think this is what the goverment should have explained. The bailout plan was designed to keep the economy from crashing by buying the assets of the failing companies. When the economy turns around, then the government sells the assets. In the end, it would probably not cost the taxpayers anything or only very little. So, the government isn't pouring money into Wall Street or Main Street. People who ask why the government isn't paying their bills rather than saving the corporate hot shots just don't get it. By the by, the $750 million bailout is far less money than the $1.2 trillion that simply vanished when the stock market lost those 700 plus points yesterday. Makes you think. Remember, though, I don't follow this too closely although I probably should. Too depressing. nj2nh __________________