US Bail-Out Now $8 Trillion!

[Rosa Lichtenstein]

Read it and fume, here:

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a5PxZ0NcDI4o#

[Martin Blank]

Read it and fume, here:

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a5PxZ0NcDI4o#

Yeah. This is the lead article in the current issue of Working People's Advocate.

http://www.communistleague.us/wpa/pdf/wpa20081124.pdf

[PRC-UTE]

how long can they keep bailing them out before that poses its own set of problems?

read some article (don't remember the source) saying that some large firms like shopping malls and chain stores are expected to default on their mortgages, causing a new round of job losses and further collapse.

[fabiansocialist]

how long can they keep bailing them out before that poses its own set of problems?

The people in charge of the bailouts don't know themselves. The billions and trillions have just stopped having any meaning for most people (including myself). What relation these astronomical figures have to real people, real needs like food and shelter, the real physical world, I have no idea. Does anyone here? All we're given to understand is a greater tax burden on us -- but if the whole house of cards collapses, it surely becomes a moot point(?)

[Rosa Lichtenstein]

They are going to have to come after the working class to pay for all this -- which is already beginning to provoke resistance.

[turquino]

How can any defender of the present system read something like this and think this isn't a dictatorship of the bourgeoisie? Yet they still have the temerity to claim that it's the anti-capitalists who oppose democracy. *shakes head in disbelief*

[Guerrilla22]

Apparently if large corporations go under, we'll all go down with them. :rolleyes:
If you overdraw your account at a bank the people at the bank will lecture you in some condesending tone about learning to manage your finances and generally have no pity for you. The financial institutions also lobbied heavily to make it more difficult to file for bankruptcy protection.
When they are financial trouble they insist on a government bailout immiedetly.

[BraneMatter]

Read it and fume, here:

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a5PxZ0NcDI4o#

And yet, apparently shoppers in NY had enough money to spend on the 'holidays' that they snapped the doors off a Wal-Mart store and trampled a 34 year old Wal-Mart worker to death (http://www.dailymail.com/News/NationandWorld/200811280260)in the rush to get at the bargains!

They just kept walking right over him, even blocking efforts of rescue workers to retrieve the man. Fucking video games and HD TV's were more important to the animals. Every last one of them should be charged with manslaughter. But what the hell, we have been doing basically the same thing around the world - killing people for profit - for a long time now.

Personally, I won't weep when the U.S. falls into chaos and collapse, and the sooner the world is rid of the U.S. capitalist system the better.

[numbernine]

why would I fume?
Honestly, this bailout has done more for the progressive causes than anything in my lifetime. everyone in my family is a union worker for some sort of factory or plant, and seeing this bailout has made them seriously question any"loyalty" to the state at all.
during thanksgiving get together, most of the conversation was about "starting over" in america with the unions and "real democracy". it was exciting!