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$700 billion is nothing

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Voters are rightly furious at the proposal to spend $700,000,000,000 that the government doesn't have to bail out Wall Street bankers who created the current economic crisis in the first place. But why then aren't we concerned about the trillions of dollars the Federal Reserve is pumping into the system? Or the trillions missing from the Pentagon? Or the quadrillion dollar derivatives bubble.For more news and economic analysis, visit: http://www.corbettreport.com

Channel: News & Politics
Uploaded: December 31, 1969 at 6:59 pm
Author: corbettreport

Length: 06:52
Rating: 4.50
Views: 58674

Tags: bailout  billion  crisis  derivatives  dollar  ecnomic  fed  hundred  paul  proposal  quadrillion  ron  seven  street  trillion  wall  

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kubaniski (December 31, 1969 at 6:59 pm)
i think the best thing for the govermentto do is nothing, the old banks will fail and new ones will pop up in their places in good time thats capitalism for ya.
jnkhd (December 31, 1969 at 6:59 pm)
The real problem is that 98% of Americans are completely vested in mindless entertsinment, and haven't seen a book in years. They get all their "facts" from cable news, and find it much more comfortable to remain ignorant to our predicament. Life is much less complicated when one dismisses the piece-by-piece destruction of our country as "conspiracy theory".
Kold2market (December 31, 1969 at 6:59 pm)
[At least I voted for NADER]Intelligent people in-the-know, do not have any illusions about it. Washington continues to be corporate occupied territory. The ruling elite keeps the status quo and continues to enrich themselves at your expense (it's all taxpayer's money).More billion dollar bailouts are coming soon.Bush is looting the treasury on his way out(call it a go away gift).
Kold2market (December 31, 1969 at 6:59 pm)
Obama calls it "change","Hope","Yes We Can", and he can fool enough people to get elected. He ran the best MARKETING campaign and won. You voted for it ? You got it !
Kold2market (December 31, 1969 at 6:59 pm)
"The United States has essentially a one-party system and the ruling party is the business party" (Chomsky). i.e. the Corporation.Ralph Nader said: "Prepare to be disappointed".We are now One Corporate Obama-Nation under God!
creten69 (December 31, 1969 at 6:59 pm)
It being a worldwide derivitive market,and it broke,$ would have no purchasing power correct?I can grow food,use solar and I have a well,so I dont need $.Should I go buy silver bars and gold to spend if it breaks?Or will evrything stay in an illusionary state?Why would the u.s. be in trouble?Wouldnt all countries be involved?
seeksthetruth7 (December 31, 1969 at 6:59 pm)
all of us who got ripped off should go take our money back and end the Big Banks
chris2fer43 (December 31, 1969 at 6:59 pm)
I have known this for a while and i laugh when i hear people complain about the big three bailout. They have 62 trillion in bad paper 2 trillion more than the gross domestic product of the entire planet earth. In other words Game Over Phil Gramm Alan Greenspan and the parade of morons have screwed us.What did they think would happen when no one minded the store? I will tell you Alan, greed takes over.Anyone ready for the Amero?
SlaveStorm (December 31, 1969 at 6:59 pm)
The Great 08 economic splurge: No bankster left behind.Shop for victory, spend for security, debt is freedom, hate is love, war is peace, Satan is Jesus, ignorance is strength.The court historians are rewriting history, the court reporters are dictating the future and the court jesters are keeping the public amused.The government isn't out of control. It's in full control and all you can do is quietly complain among yourselves.MX, JFK, MLK, RFK, The island of Deigo Garcia, Palestine etc
Clemrm (December 31, 1969 at 6:59 pm)
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