Wait a minute, hold it. I just heard one of the GOVERMENT BRAINS said it may be unrealistic to expect the banks etc to pay back all of the money that we, the tax payers loaned to them.  When I take out a loan or such, I have to pay it back plus service charges and interest. What gives with our goverment, why can't they put a lien on them some how to get it all back, ????  Maybe I misunderstood the remark by the BRAINS of goverment but its OUR money, not the goverments.  What happened to the old saying,  Goverment by The People, For The People

While I can agree with you regarding the banks who took taxpayers money and their responsibility for paying  it back. The reason we are in the credit crisis we are in today is because millions of individuals in America did not pay back the loans they took out. They borrowed money for homes they could not afford and defaulted on credit card and auto loans. It is the 50% of the people in our country who were living beyond their means that caused the present economic crisis. If all the people who took out loans and charged items on their credit cards had just paid back what they borrowed. The banks would not have gone into crisis and would not have had to be bailed out in the first place. So when all is said and done.  It was the PEOPLE of the country who failed to pay back the money they promised to pay back that are the ones responsible for the economic crisis we are in today.

 

Government by the people and for the people was destroyed by our present wayward president.  Obama thinks he is supreme and we Americans are stupid.  He cannot get anything right.

REPLY TO godolphins:

You nailed it on that one  I forgot to include them in my haste to blame big goverment alone.

In reply to getting monies back from the banks, America has been having problems since 1963 when we first allowed work at 5% or 10% to other countries.  Then shortly it became more and more until at present we eat, wear and everything we have comes from other countries.  Actually 95% of everything comes from other countries.  Only 5% of what we consume and use comes from America.  Wall Street also of course put us in this mess.  I agree also that the Banks are to blame.  Our Government can never pay us Seniors back for all the money they took from our Social Security that we worked all our lives and put our hard earned monies into Social Security and paid taxes, etc.   For the next two years we will not get a raise in Social Security, how are we to survive???  The raise they would give us every year was so minimal, it is terrible.  Where is all our money??????  Can the Government help???????

GODOLPHINS, YOU FORGOT THE BANKS LENT MONEY'S WHEN THEY SHOULDN'T HAVE, ALSO THE CEO'S OF THESE SAME CORPORATIONS HAVE ALWAYS GIVEN THEMSELVES BIG COMPENATION "BONASES, WHEN THEY SHOULD NOT HAVE??? PUT THE BLAME WHERE IT BELONGS, THE GREEDY MONEY HUNGERY PEOPLE IN THE DRIVERS SEAT??? THEY ARE THE PERPETRATORS NOT THE VICTOMS. NOW THE ADMINISTRATION WANTS TO START TAKING OVER THESE COMPANIES? SOUND LIKE  'TOTALITORIANISM, COMMUNISM,  OR WHAT EVER YOU WANT TO LABEL THEM, BEWARE SOCIALISM ON THE HORIZON !!! PRELUDE TO ANOTHER RUSSIA, A WESTERN TAKEOVER OF A PROUD DEMOCRACY, TIME TO STOP IT BEFORE IT GETS A BIG START OR SO-LONG LIBERTY & FREEDOM IN THE UNITED SYATES OF AMERICA??? WE HAVE BEEN DUPPED??? 

 

P.S. IT "ADMINISTRATION" ALSO WANTS TO TERMINATE FREE TALKS ON THE RADIO. NO MORE CRITICISING OF THE GOVERNMENT, IT HAS FREE RUN OF THE AIRWAVES WE ARE ALL BEING SILENCED??? ARE YOU LISTENING??? 

 

THE REVELUTION WAS FOUGHT TO STOP THESE DESPOTS IN 1776, DO WE HAVE TO HAVE ANOTHER REVELUTION IN 2010 TO STOP, THESE PEOPLE FROM TAXING US WITHOUT REPRESENTATION, WHERE HAVE ALL THE REDBLOOD AMERICANS GONE?

THEY ARE OUT THERE ON THE BATTLE FIELDS OF ASIA GIVING THEIR LIVES FOR INFIDELS IN OUR GOVERNMENT THE DESTUCTION FROM WITHIN!!!  THE 5TH COLUMNIST FROM THE WII??? ENTER THE  BIG UNION BOSSES, THE CZARS HAV COME FULL CIRCLE.  MAY GOD NOT DISSERT AMERICA, AS THE ACLU, WANTS US TO??? WE WERE FOUND ON THE JUDO-CHRISTIAN  BELIEFS, FREEDOM AND JUSTICE FOR ALL, NOT JUST THE THE SUPPOSED ELITE 

I have to laugh when someone out of the blue for whatever reason, blames President Obama for the mess.

 

Nope, sorry but I'm pretty sure gimpy got it right to begin with. As far as folks "over extending" themselves being to blame? I am truely sorry, but you are misled. I mean no insult. But you are wrong . It was all about greed, and those responsible for poor lending standards are in fact to blame. There was a time when you proved you took in income that had to surpass debt. And the lenders set all that aside, you had folks left and right moving into these financed homes and waiting on social services, unemployment and the like. But they were approved, you had people setting in those offices skimming customer files and targeting seniors living on fixed incomes, usually widows, and they were told how "good" it would be for them to refinance their only asset...their homes. Even right now the same banks that brought us last years wake up call? They are putting loans across the table to people that are in truth over priced. Only so those people can have a roof over their heads as they wait for their unemployment. The little bit of monies from the bailout that actually is loaned? The refinance rebates and such? You do understand that the people caught up in the me me me!, I need to be rich also home flipping craze are actually eating much of that money up. I mean you dont actually think a bank goes out and checks to see if those houses are vacant do you? If so you probably don't think millions of those 6 and 1200 dollar stimulus checks Bush sent out went to vacant houses either. The only thing that is good about it all? It tickles me everytime I read more about them increasing rates and fees. And why does that make me happy? Maybe...just maybe they will cut their own throats. No one can defend the government decision to let so many suffer at their expense. And that is where we are right now. When the next fail comes? This government has bet the house on the wrong pony, and there is nothing they can do to save them again, fact is? Our chances ( the nation as a whole ) of a recovery would have been much better had the government of let some of them fail. And this sitting president? He is not exceptional, he got it because he promised "change". And most americans mistook that for getting out of the bailouts that Bush had started. If he stays the course? Whole lotta folks gonna have to get used to tomato soup and crackers as a main stay. But for right now life is still good, most people don't think it's gonna reach them. Anyone know when we're going to start paying the national debt off with our gold reserves? hehe I know if I were China I wouldn't want paper. lmaoooooooooooo

Two wrongs do not make a right but 2 minuses added together are a plus.  Go Figure...

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blustarrising wrote:

Nope, sorry but I'm pretty sure gimpy got it right to begin with. As far as folks "over extending" themselves being to blame? I am truely sorry, but you are misled. I mean no insult. But you are wrong . It was all about greed, and those responsible for poor lending standards are in fact to blame. There was a time when you proved you took in income that had to surpass debt. And the lenders set all that aside, you had folks left and right moving into these financed homes and waiting on social services, unemployment and the like. But they were approved, you had people setting in those offices skimming customer files and targeting seniors living on fixed incomes, usually widows, and they were told how "good" it would be for them to refinance their only asset...their homes. Even right now the same banks that brought us last years wake up call? They are putting loans across the table to people that are in truth over priced. Only so those people can have a roof over their heads as they wait for their unemployment. The little bit of monies from the bailout that actually is loaned? The refinance rebates and such? You do understand that the people caught up in the me me me!, I need to be rich also home flipping craze are actually eating much of that money up. I mean you dont actually think a bank goes out and checks to see if those houses are vacant do you? If so you probably don't think millions of those 6 and 1200 dollar stimulus checks Bush sent out went to vacant houses either. The only thing that is good about it all? It tickles me everytime I read more about them increasing rates and fees. And why does that make me happy? Maybe...just maybe they will cut their own throats. No one can defend the government decision to let so many suffer at their expense. And that is where we are right now. When the next fail comes? This government has bet the house on the wrong pony, and there is nothing they can do to save them again, fact is? Our chances ( the nation as a whole ) of a recovery would have been much better had the government of let some of them fail. And this sitting president? He is not exceptional, he got it because he promised "change". And most americans mistook that for getting out of the bailouts that Bush had started. If he stays the course? Whole lotta folks gonna have to get used to tomato soup and crackers as a main stay. But for right now life is still good, most people don't think it's gonna reach them. Anyone know when we're going to start paying the national debt off with our gold reserves? hehe I know if I were China I wouldn't want paper. lmaoooooooooooo

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*****Thanks for posting the thoughts of many.For THIRTY YEARS.I've watched the jobs go overseas.I've seen the businesses go out one by one.Some people act like this is new.It's not.You have just ignored the signs.Look at the boarded up storefronts in your town.Some empty for decades.-D

They don't call me "The sizzle-lipped squid ,for nothing"~Squidward