US unveils new $1.5 trillion plan

Discussion in 'Politics, Religion, Social Issues' started by edesignuk, Feb 10, 2009.

  1. edesignuk Moderator emeritus

    edesignuk

    Joined:
    Mar 25, 2002
    Location:
    London, England
    #1
    BBC.

    $1,500,000,000,000 (I think) :eek:
     
  2. Abstract macrumors Penryn

    Abstract

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    Dec 27, 2002
    Location:
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    #3
    That's how much it'll cost to bail out banks?? :eek:


    Remember when we were all bickering over whether we should lend the car industry $15 to 30 billion dollars? It seemed like so much money.

    Those were the days....
     
  3. oscillatewildly macrumors 68000

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  4. atszyman macrumors 68020

    atszyman

    Joined:
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    Location:
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    #5
    Can we just sell some of our Northern states to Canada?

    WI, MN, ND, SD, MT, ID, and WA could probably be sold for a pretty penny... you know one of those with a picture of the Queen on it?
     
  5. kwajo.com macrumors 6502a

    kwajo.com

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    #6
    We'll give you a good deal on Alaska and Maine if you agree to give up your claims on Machias Seal Island.
     
  6. Unspeaked macrumors 68020

    Unspeaked

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    #7
    What would they do with Mt. Rushmore...?
     
  7. TSE macrumors 68030

    Joined:
    Jun 25, 2007
    Location:
    St. Paul, Minnesota
    #8
    Bailout plans are *bleep*ing stupid and anybody that supports these wasteful "economic boosts" are terribly mistaken.

    How the hell does a bailout plan that is supposed to be for fixing the economy (which it won't, anyways), get passed by the house when so much wasteful **** is on the plan.

    Sorry, I need a breather.
     
  8. NT1440 macrumors G4

    NT1440

    Joined:
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    Location:
    Hartford, CT
    #9
    Anyone wanna take bets at how many republicans would still insist on no regulations?

    Oh wait, i forgot no one has money anymore....
     
  9. SactoGuy18 macrumors 68020

    SactoGuy18

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    Sacramento, CA USA
    #10
    What Gaithner needs to do RIGHT NOW is create the equivalent of the Resolution Trust Corporation to immediately buy up as much of the failed mortgages now and take them off the hands of the financial institutions and sell them off in an organized fashion. That right there would prop up a lot of banks because without the failed mortgages "on the books," that may make them more likely to start offering new loans and lines of credit again. :)
     
  10. Plutonius macrumors 603

    Plutonius

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    New Hampshire
    #11
    Right now, a home buyer can get a reasonable loan without much trouble. What they can not get are the risky sub-prime mortgages that some lenders used to give out. The risky sub-prime loans are a thing of the past and you will not see them return (a good thing) no matter how many failed mortgages the Fed buys back (i.e. the financial institutions are making mortgage loans and the Fed buying back the failed mortgages will not change a thing (the risky sub-prime mortgages are a thing of the past).)

    The only thing that will increase home sales is drastically lowering the prices (50% or more). The number of homes greatly exceeds the demand (combination of over building and people no longer buying multiple homes for investment purposes). Lowering the loan interest rates will marginally help the situation but, in the long run, the only solution is dropping the home prices to the equilibrium point where demand = supply.
     
  11. drewsof07 macrumors 68000

    drewsof07

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    Ohio
    #12
    Use it as a clue for finding the lost city of Cibola LOL :p

    We need to find it first, maybe it'll help us fund this bailout!
     
  12. Drumjim85 macrumors 68030

    Drumjim85

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    DFW, TX
    #13
    1.5 trillion? all the news outlets ive seen are saying 814 billion...
    (but that's still a lot)
     
  13. joepunk macrumors 68030

    joepunk

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    #14
    Do Canadians really want Microsoft? :p

    How about Boeing?
     
  14. Iscariot macrumors 68030

    Iscariot

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    #15
    We'd only want WA, especially since it was (kind of) ours to begin with :mad:
     
  15. Unspeaked macrumors 68020

    Unspeaked

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    #16
    MN is the best state in that list.

    WA doesn't even have a hockey team...
     
  16. Akitakoi macrumors regular

    Akitakoi

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    Jan 31, 2008
    #17
    I would love it if Wisconsin went Canadian. :p
    Can I be a Canadian without a grow room?:confused:
     
  17. atszyman macrumors 68020

    atszyman

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    #18
    I would have offered Wyoming instead of SD, but I figured they'd rather have Rushmore than Cheney :D.

    Would I be able to apply for retroactive citizenship? I was born and raised in WI after all.
     
  18. Legolamb macrumors 6502a

    Legolamb

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    #19
    Any of those states are a starting point for Canada, but throw in St. Thomas (as in sun and heat) and I think you got a deal :D
     
  19. pilotrtc macrumors regular

    Joined:
    Dec 4, 2008
    #20
    I'm just saying

    http://en.wikipedia.org/wiki/New_Deal

    I think we can learn from history....
     
  20. Thanatoast macrumors 6502a

    Thanatoast

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    Location:
    Denver
    #21
    $1.5T for the bankers who started this mess to begin with, and meanwhile Congress cuts funds for foodstamps and unemployment from the stimulus bill.

    Meet the new boss...
     
  21. drewsof07 macrumors 68000

    drewsof07

    Joined:
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    Location:
    Ohio
    #22
    The difference here being nearly 100% of Americans actually wanted to work when this legislation went into action. Opposed to now where we have countless individuals defrauding disability and welfare that were designed to help people in need, not just lazy. :rolleyes:

    Things are going to get a lot worse before they get better. Throwing money at a problem doesn't usually end in a permanent solution.
     
  22. Les Kern macrumors 68040

    Les Kern

    Joined:
    Apr 26, 2002
    Location:
    Alabama
    #23
    Yes I am sure to looked into this, but try to back that ridiculous statement up with a few legitimate links please. Further, define "countless", and where you decided the word "countless" was apt enough to include in the above statement.
    Links from Mike Savage's site or similar do not count. We need real stats. Know why? Because it sure sounds like a cut from Limbaugh and company's talking points.
     
  23. aethelbert macrumors 601

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    Chicago, IL, USA
    #24
    Lots of BC "belonged" to the United States. yay compromise
     
  24. CalPoly10 macrumors regular

    Joined:
    Sep 5, 2006
    #25
    I wish we could.

    Most economists will agree that the New Deal prolonged the recession. I don't need to do the research, look for yourself.

    WW2 got us out of the recession. If you can't see that, I'm sorry.
     

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