1. Welcome to Baptist Board, a friendly forum to discuss the Baptist Faith in a friendly surrounding.

    Your voice is missing! You will need to register to get access to all the features that our community has to offer.

    We hope to see you as a part of our community soon and God Bless!

What the Bail-out Paid For

Discussion in 'News & Current Events' started by Don, Oct 8, 2008.

Top Posters
  1. Don

    Don Well-Known Member
    Site Supporter

    Joined:
    Oct 7, 2000
    Messages:
    11,048
    Likes Received:
    321
    Faith:
    Baptist
    #1 Don, Oct 8, 2008
  2. Analgesic

    Analgesic New Member

    Joined:
    Jul 6, 2007
    Messages:
    439
    Likes Received:
    0
    While despicable, it's important to note that the AIG "bailout" was in fact a loan that must be repaid with interest.
     
    #2 Analgesic, Oct 8, 2008
  3. Aaron

    Aaron Member
    Site Supporter

    Joined:
    Sep 4, 2000
    Messages:
    20,253
    Likes Received:
    1,381
    Faith:
    Baptist
    Think of it this way:

    If the "loan" had been only $100,000 then the equivalent spent on the retreat would have been 4ยข. And no one would be screaming about that.

    The real crime is that government has taken over private enterprise and this relatively innocuous indescretion of the executives is being exploited to further the socialist agenda.
     
    #3 Aaron, Oct 9, 2008
  4. Aaron

    Aaron Member
    Site Supporter

    Joined:
    Sep 4, 2000
    Messages:
    20,253
    Likes Received:
    1,381
    Faith:
    Baptist
    double post
     
    #4 Aaron, Oct 9, 2008
    Last edited by a moderator: Oct 9, 2008
  5. Don

    Don Well-Known Member
    Site Supporter

    Joined:
    Oct 7, 2000
    Messages:
    11,048
    Likes Received:
    321
    Faith:
    Baptist
    Yep, you're right. I hadn't thought of it that way. The next time I default on all my loans and have to file bankruptcy, I'll be sure to send myself (and not the rest of the family) on a vacation.
     
    #5 Don, Oct 9, 2008
  6. Aaron

    Aaron Member
    Site Supporter

    Joined:
    Sep 4, 2000
    Messages:
    20,253
    Likes Received:
    1,381
    Faith:
    Baptist
    No one would care if your vacation budget were the same ratio. You wouldn't have the cash to walk out your front door.

    The point was that the bailout was the crime, not the excesses of the execs. Sheesh! Is everyone a Communist these days?
     
    #6 Aaron, Oct 9, 2008
  7. dan e.

    dan e. New Member

    Joined:
    Sep 26, 2006
    Messages:
    1,468
    Likes Received:
    0
    I agree.

    I've been loving the way Dave Ramsey has been explaining it....it has helped it be understandable, and he is right on how it should've been handled.

    Here is his reaction to the bailout: http://www.daveramsey.com/tdrs/index.cfm/2008/10/6/YOU-fix-you?ictid=sptlt
     
    #7 dan e., Oct 9, 2008
    Last edited by a moderator: Oct 9, 2008
  8. Don

    Don Well-Known Member
    Site Supporter

    Joined:
    Oct 7, 2000
    Messages:
    11,048
    Likes Received:
    321
    Faith:
    Baptist
    Folks, back up a few steps. Yes, the real crime was the bail-out. What we need to point out is exactly what Dave Ramsey was saying: People wanted Congress to bail-out the economy. So what happens when people rely on government to "fix" their problems? The people who should be held accountable instead get to go on all-expense paid vacations.
     
    #8 Don, Oct 9, 2008
  9. dragonfly

    dragonfly New Member

    Joined:
    Mar 4, 2008
    Messages:
    1,594
    Likes Received:
    0
    I say both are wrong.
     
    #9 dragonfly, Oct 9, 2008
(You must log in or sign up to post here.)
Loading...