I liked Obamas suggestion on this. Any bank or company that receives bail out funds must severely limit the pay of their executives. No freaking way should some jerk get paid $20,000,000 a year for being a failure, while honest hard working Americans are having trouble finding work and putting food on the table for their families.

What a joke our country has become where the Government can force it’s citizens to pay off failed businesses. What happens if I fail to organize my finances? What happens if I can’t afford my bills? Does Uncle Sam send me a check? Not a chance. I’d lose my home and be living like a dog.

Interesting…

Some people don’t trust the government, and some people don’t trust big business. Now we have become so reliant on these businesses that we’re at a place where government is saying that they need to help the businesses at all costs. Big business got you into this spot, and the government wants to get you out. Who can you trust?

The sad part with all the restrictions on the bailout money is that they either aren’t put into place correctly or they aren’t watched very closely. We already heard talk of “no golden parachutes”, blah blah blah with the first bailout, but companies were still ready to buy 50M dollar jets and go on expensive retreats. I don’t think this is the fault of congress, but of a congress that is feeling pressure from the president and private businesses to work VERY quickly. Write your congressmen and tell them you’re against it! If you don’t feel that you can trust your congressmen….well, you can trust your banker even less.

We will get the bill. Eventually taxes will have to be raised. I foresee the day when about 50-75% of income is confiscated for taxes. By that time, government will be providing all the services, they may as well collect all the money.

This whole bail out thing is so out of hand. When I voted in the current congressmen and congresswomen, I never dreamed they would be making decisions with so much of our tax dollars. Do they really have any idea what they are doing. Is it really possible for so many to come up with a plan in such a short time without any former background in financing. After all, it is becoming very apparent that there are more untruthful people in Washington then we could have ever imagined. We are finding out day by day that most don’t even pay their taxes. What a wonderful thought. How can anyone complain about bank executive salaries when out politicians are so crooked. You have all of these unqualified individuals staying up without sleep, who we really know nothing about, we don’t know if they have even paid their own bills (taxes included) making decisions about spending our hard earned tax money. What a complete joke. I was for some kind of bailout in the beginning. Now that I see how it is coming about, I think we should just let the cards fall where they may. We as tax payers in this country don’t deserve what we are being handed. The whole thing is getting to be a bigger joke all the time.

After thinking some more, I would rather see Bloomberg, Forbes & Buffett making the decisions than the politicians. At least they have been there, done that successfully. If I had stock in a major bank, I would be glad to pay an executive a half million if he could solve the problems within the bank and get it back to operating in the black. If you are going to pay a little, you will probably get a little. Remember those with a lot of money don’t need to work. Saving businesses is a challenge that draws them out. They don’t need the money.

I won’t be happy with any plan that doesn’t include jail time for this scum.

Maybe they should’ve put limitations on the first time around?

These bailouts are a big joke and Obama and his scare tactics are disguting. It’s said 20% of this money would even be spent this year so why not just deal with the 20% so everyone can truly get a close look at where it’s all going THEN deal with the rest.

Enjoy your socialism everyone.

We get the shaft. The government is trying to find a scapegoat in the banks, when it’s Congress who allowed the banks to do these kinds of deals. Congress passed laws like the Community Reinvestment Act (CRA) which basically allowed banks to give stated income and no money down loans.

Focus on the main culprit and that’s Congress, not the banks. Without Congress’ authority, the banks could not do this. I was also against the TARP. Let the banks fail and then let’s see if there are any bonuses then. Some may say the free market has failed. Show me how we are or have been allowing the free market to reign. Social policies by our government will expand and at a certain point in time, private property may become public property by the government taking ownership of everything. This has occurred before in other countries. The seeds are being sown for the next “Hitler” type of person, which mostly come into power when an economy is in recession or depression.

My favorite part of the bailout is that the American Auto Industry gets a bailout and now the Fenton, Missouri Plant is on the chopping block and not the one Saltillo, Mexico…hmmmm. American bailout money to keep Mexican workers working and not Americans..Great plan!!

It still cracks me up that the government has talked people into using words like “tax money”, “public funds”, “government money”, and “government revenue”. THIS IS YOUR MONEY. We simply give money to the federal government to provide for the common defense (see also Constitution if it still exists). If you want to donate money to resurfacing streets or to banks who made bad loans (regardless of whether beuracrats pressured them or not) then, please go right ahead. I’ll keep my money and spend it on my family, church, investments, and preferred businesses. Don’t tell me I have to donate to failed businesses just because you want to.