Comments on: $700 Billion Bail-Out Put Into Perspective By Minot Daily News http://bismarckndblog.com/2008/10/08/700-billion-bail-out-put-into-perspective-by-minot-daily-news/ Life in the Bismarck area, as well as the North Dakota lifestyle, upcoming news, agriculture and the ever-popular renewable energy industry. Tue, 30 Dec 2008 16:00:34 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: MM http://bismarckndblog.com/2008/10/08/700-billion-bail-out-put-into-perspective-by-minot-daily-news/comment-page-1/#comment-4601 MM Sat, 11 Oct 2008 00:07:38 +0000 http://bismarckndblog.com/?p=472#comment-4601 What is really sad about these bailouts is the fact that big corporations it seems are using the money for retreats, and vacations at taxpayer’s expense. I understand something had to be done to try to stave off the bad economy, although how much more will we have to do on bailouts? How many more companies will make poor choices, and just think “oh well the government will bail us out”. We cannot keep doing this, sit back, and watch the taxpayers that have to pay for this bailout, become homeless at the same time that the government is saving CEO’s huge salaries. To top it all off even if we stabilize our economy, if other world markets collapse in the meantime we will be greatly impacted financially by that too. Then will we be forced to bail out other countries all together? There has to be an end in sight somewhere. What is really sad about these bailouts is the fact that big corporations it seems are using the money for retreats, and vacations at taxpayer’s expense. I understand something had to be done to try to stave off the bad economy, although how much more will we have to do on bailouts? How many more companies will make poor choices, and just think “oh well the government will bail us out”.

We cannot keep doing this, sit back, and watch the taxpayers that have to pay for this bailout, become homeless at the same time that the government is saving CEO’s huge salaries.

To top it all off even if we stabilize our economy, if other world markets collapse in the meantime we will be greatly impacted financially by that too. Then will we be forced to bail out other countries all together? There has to be an end in sight somewhere.

]]> By: TrekGirl http://bismarckndblog.com/2008/10/08/700-billion-bail-out-put-into-perspective-by-minot-daily-news/comment-page-1/#comment-4594 TrekGirl Thu, 09 Oct 2008 15:20:09 +0000 http://bismarckndblog.com/?p=472#comment-4594 Remember that scene in "Austin Powers" when Dr. Evil demands a ransom of $100 billion (after first requesting only a million)? It was funny because to the average person $100 billion is a ridiculously unreal amount of money. $700 billion might as well be a million billion gazillion dollars! What really put it in perspective for me was the $2,292.83 to each US resident. That's not very much, when you consider the financial hardship and debt most of us carry. I sincerely hope that this "bail out" "filters down" to us (middle class) or helps the economy turn around again, but I'm not too confident. The underlying problems will still be there: corporate/political greed and gross mismanagement. Remember that scene in “Austin Powers” when Dr. Evil demands a ransom of $100 billion (after first requesting only a million)? It was funny because to the average person $100 billion is a ridiculously unreal amount of money. $700 billion might as well be a million billion gazillion dollars! What really put it in perspective for me was the $2,292.83 to each US resident. That’s not very much, when you consider the financial hardship and debt most of us carry. I sincerely hope that this “bail out” “filters down” to us (middle class) or helps the economy turn around again, but I’m not too confident. The underlying problems will still be there: corporate/political greed and gross mismanagement.

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