Do you understand what the proposed bail out is.. how it is designed to function and why it will help?

Good post! One more thing though: the corporations being bailed out are owned by regular people, in the form of stock. Most people with 401(k) plans own stock--regular, blue collar people. If the corporation goes under, the stock becomes valueless. A lot of people would be out a LOT of money for retirement, their kids' college funds, and savings in general.

I don't understand how this bail out is going to create more jobs (as Bush said in his speech the other night). Yeah, sure the banks are going to be bailed out and they're going to get a fresh start and look good, but credit is tight right now and it's getting harder to get loans, people aren't spending money because they don't have enough to pay for the basic necessities, they're becoming more practical, things are too expensive, people still worry about jobs being lost, etc etc etc. With all the decline in spending, how it that going to create more jobs? I believe it will do the exact opposite... companies aren't going to keep employees or employ them full time when they're not getting business or showing a profit.

Thank you for the explanation... I'm just very disheartened by the govt and financial analysts and corp execs who abused this system and now have to be reactive instead of proactive, at our expense. I still question what kind of economy we're going to be living in where everything is so expensive and most people will be living paycheck to paycheck.

My ideas are that it's unconstitutional on its face, seeing that of the truth that the Congress has no authority to take cash as taxes from humans to make use of for designated individual events. And definitely does no longer have the authority to mention that a court docket are not able to assessment it for constitutional or lawful functions. The Congress legislates and the Courts comes to a decision what's lawful beneath the Constitution, or so it's been. Any different results is to break our written Constitution. And sure I will word who votes for and in opposition to this kind of Act. Edit: The truly quandary in discussing this kind of act is---did the Congress have the Constitutional Authority to delegate its powers beneath Aricle a million segment 8 of the Constitution in 1913 with the Federal Reserve Act. If this had no longer occurred we might no longer be on this mess now.

Vote No Bailout! Demand that the bailout legislation be rejected. 28 Sep 2008 We are witnessing a bankers' coup

Thanks for your post. I for one don't have any idea or clue what the bail out is about, how it works whether it is a good idea or bad one.

You make your explaination of what the bail out is about easy to understand.

I'll learn more after your readers post their answers.

Again thanks for a great question/post.