So are we ****ed?

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  • Pappy Knuckles
    LORDTHUNDERBIRD
    • Sep 2004
    • 15966

    #46
    Re: So are we ****ed?

    Originally posted by CS10029
    The last year or so I have heavily considered moving to another country. Don't know where though.
    I've contemplated the same thing many times myself over the past couple of months. Maybe I should just find myself a little hut in Tobago or something lol. The only thing that would suck about moving is knowing my family is still in the States. Plus there's a lot of work in my community and globally that I aspire to accomplish. The streets could become a much uglier place in the near future, but I'll remain positive.

    Comment

    • ezekiel55
      Th*s F*c* C*sh*s Ch*cks
      • Nov 2003
      • 2156

      #47
      Re: So are we ****ed?

      Originally posted by Herbsinator
      Warren Buffet has gone on record as saying that the bailout was the right thing to do...he is WAAAAAYYY smarter than me or anyone else on the board so I'll take his word for it.
      Warren Buffett also stood to gain alot from this bailout...its a typical Gov't bill with earmarks and pork barrel spending...interesting times gentlemen, interesting times.
      Last edited by ezekiel55; 10-03-2008, 04:45 PM.

      Comment

      • av7
        Hall Of Fame
        • Dec 2007
        • 11408

        #48
        Re: So are we ****ed?

        Superjames, everything that involves something to you is the end of the world or the end of a government.

        We were supposed to have WWIII with Georgie invasion?


        Originally posted by CS10029
        The last year or so I have heavily considered moving to another country. Don't know where though.
        Ive thought about that as well. My family actually has a house in Baja CA(4 hours past the border) on the beach so I'd probably head there.
        Last edited by av7; 10-03-2008, 05:02 PM.
        Aaron
        Moderator

        Comment

        • SPTO
          binging
          • Feb 2003
          • 68046

          #49
          Re: So are we ****ed?

          Originally posted by CS10029
          The last year or so I have heavily considered moving to another country. Don't know where though.
          Canada calls you my friend

          I won't touch on the socialism/democracy thing but as far as strictly economic systems go the US hasn't been a strictly capitalist economy for a long time now. The US is a mixed market economy which relies heavily on "third rail" policies (IE: health care and social security) The US isn't as heavily dependent on the socialist side of the ledger like Canada or the UK but they're comparable.
          Member of the Official OS Bills Backers Club

          "Baseball is the most important thing that doesn't matter at all" - Robert B. Parker

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          • av7
            Hall Of Fame
            • Dec 2007
            • 11408

            #50
            Re: So are we ****ed?

            Originally posted by SPTO
            Canada calls you my friend
            I still want to visit Canada sometime. Are the winters extremely cold anywhere in Canada?
            Aaron
            Moderator

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            • Pappy Knuckles
              LORDTHUNDERBIRD
              • Sep 2004
              • 15966

              #51
              Re: So are we ****ed?

              The only place in Canada I've been is Vancouver. It was a beautiful city with really nice people.

              Comment

              • bad_philanthropy
                MVP
                • Jul 2005
                • 12167

                #52
                Re: So are we ****ed?

                SJ, it's not correct to say that the European countries are "going back" to capitalism. Most of Europe's largest economies have and will continue to have a great deal of social policies, but it's not out and out by the book socialism. The culture and attitudes towards those types of policies and the role of the government are not the same as in the U.S..
                Last edited by bad_philanthropy; 10-03-2008, 05:28 PM.

                Comment

                • Chaos81
                  Hall Of Fame
                  • Mar 2004
                  • 17150

                  #53
                  Re: So are we ****ed?

                  Originally posted by SPTO
                  Canada calls you my friend
                  Canada would be going the wrong way on the "warm" scale. I need to get closer to the equator, not farther away from it. :wink:

                  Comment

                  • Matt Diesel
                    MVP
                    • Mar 2003
                    • 1637

                    #54
                    Re: So are we ****ed?

                    Hello socialism!!

                    I mean I learned in Economics 101 that in order for a capitalist market to survive, or work, there needs to be an upside and a downside to all investments. There must be a risk to lose money on any investment. Otherwise it is hardly capitalism and things will go south very quickly if there is no risk involved. One side cant always be be protected while the other bears the risk.
                    Return of the Mack

                    Comment

                    • Cebby
                      Banned
                      • Apr 2005
                      • 22327

                      #55
                      Re: So are we ****ed?

                      You should have also learned that letting the banking system fails is just short of civil war on the "Oh ****" scale.

                      Comment

                      • Double Eights
                        Banned
                        • Nov 2005
                        • 5733

                        #56
                        Re: So are we ****ed?

                        Originally posted by Cebby
                        You should have also learned that letting the banking system fails is just short of civil war on the "Oh ****" scale.
                        You should have learned that propping up a failed system only leads to worse outcomes.

                        Comment

                        • ohyeahbaby123
                          Pro
                          • Apr 2007
                          • 920

                          #57
                          Re: So are we ****ed?

                          Originally posted by superjames1992
                          Yep, basically, the capitalist USA is now socialist.

                          Yeah, Paulson is now one of the most powerful men in the country now. Like you said, there are a ton of former Goldman Sachs people in the government.

                          This may be the end of the USA as we know it. Capitalism is what made this country have the strongest economy in the world. As we are reverting to socialism, the Europeans are going back to capitalism as they have already tried socialism and seen it's failures. Why would we want to have a failed system?

                          It's really too bad that we just can't let the recession or depression happen. This bill is only going to make things worse.

                          If you look back at history, depressions happen and there is no reason to panic about them. There is no way to avoid them. The Great Depression of the 1930s is not the only depression this country has faced. Other recessions and depressions include these: http://en.wikipedia.org/wiki/List_of..._United_States

                          It's interesting that the Panic of 1837 seems similar to the crisis which we face today. Bank failures and speculation played a role.

                          It's really a shame this thing passed. The reason so many of the TV talking heads were for it were that most lived in New York City (where they saw the banks fail and so it had a more personal impact on them), and that Wall Street (and CNBC) is predominately liberal (not trying to stir up politics here, but the bailout plan was primarily a liberal idea).

                          This is certainly going to have some implications come election time, since these senators and house members went against 76-90% (depending on the poll) of the people's beliefs in this country.
                          Lol, where did you get that the US is switching to socialism??? Do you just type stuff just to type?
                          Originally posted by iBlievN5
                          there... are... people in australia?
                          Originally posted by LoCo-LINEBACKER-
                          Yes, theyre are, healthy people to, not the obese kind.

                          Comment

                          • Altimus
                            Chelsea, Assemble!
                            • Nov 2004
                            • 27283

                            #58
                            Re: So are we ****ed?

                            To answer your question, no.

                            Comment

                            • ZB9
                              Hall Of Fame
                              • Nov 2004
                              • 18387

                              #59
                              Re: So are we ****ed?

                              I got credit today

                              in other news, the sky is still above me

                              Comment

                              • OSUFan_88
                                Outback Jesus
                                • Jul 2004
                                • 25642

                                #60
                                Re: So are we ****ed?

                                Originally posted by Double Eights
                                You should have learned that propping up a failed system only leads to worse outcomes.
                                Failed system?

                                The only thing that failed here was the stupid loans these banks gave out.
                                Too Old To Game Club

                                Urban Meyer is lol.

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