Wall street bailout plan defeated in the House.

[Jimbuna]

Originally Posted by goldorak

Democracy is great because you have CHOICE. Americans CHOSE not to change. They continued to elect the same political establishment over and over again over the last decades. And if I'm not mistaken up until the 2000 presidental election, the % of voters for each presedential election was always under 50%.
Democracy and your duty as citizen are not god given rights. You don't exert them in full, you have yourself and people like you to blame, besides the usual politicians as to why a country goes the way it does.

One small point here if I may....I'm not a US citizen!!

We have our own financial problems here in the UK to contend with.

I certainly don't see your country as a paragon of financial security either....and that is going back as far as the last world war and before.

As a father I also reserve the right to feel concerned about the financial and economic wellbeing of my offspring in the future.

What is happening throughout the world will undoubtadly have consequences for the future.

[goldorak]

Originally Posted by jimbuna

One small point here if I may....I'm not a US citizen!!

We have our own financial problems here in the UK to contend with.

I certainly don't see your country as a paragon of financial security either....and that is going back as far as the last world war and before.

As a father I also reserve the right to feel concerned about the financial and economic wellbeing of my offspring in the future.

What is happening throughout the world will undoubtadly have consequences for the future.

I didn't intend to single you out. It was a general consideration I was making. I'm sorry for not being a native english speaking person, and sometimes the things I want to express don't come out clearly.
As to italy being in a catastrophic situation, well as ironic as it may seem italy is well insulated from this particular crysis. And the reason is very simple, our financial institutions didn't invest a lot of money in american securities. So while there may be loses and I'm sure there will be, we won't assist to banks collapsing as is happening in other countries in europe.
As to there being consequences for the future I'm well aware of that. But I think that the americans will suffer the most, and this very harsh lesson will prompt their poltical establishment to rethink what capitalism is about.
The real tragedy is that if america goes under so does the rest of the world.
I don't particularly care what happens to them, but I care what will happen to europe.

[Jimbuna]

Originally Posted by goldorak

I didn't intend to single you out. It was a general consideration I was making. I'm sorry for not being a native english speaking person, and sometimes the things I want to express don't come out clearly.
As to italy being in a catastrophic situation, well as ironic as it may seem italy is well insulated from this particular crysis. And the reason is very simple, our financial institutions didn't invest a lot of money in american securities. So while there may be loses and I'm sure there will be, we won't assist to banks collapsing as is happening in other countries in europe.
As to there being consequences for the future I'm well aware of that. But I think that the americans will suffer the most, and this very harsh lesson will prompt their poltical establishment to rethink what capitalism is about.
The real tragedy is that if america goes under so does the rest of the world.
I don't particularly care what happens to them, but I care what will happen to europe.

Rgr that mate....no harm no foul

[Stealth Hunter]

We're doomed, aren't we?

[goldorak]

All this financial breakdown remembers me of Tom Clancy's Debt of Honour.
A pity that we can't use the same solution Ryan devised in the story. :rotfl:

[August]

Originally Posted by Stealth Hunter

We're doomed, aren't we?

You are such a negative nancy SH. Fear not. We have survived worse times and we'll survive this one too.

[Stealth Hunter]

Originally Posted by August

You are such a negative nancy SH. Fear not. We have survived worse times and we'll survive this one too.

Things change...