Will we all be standing in the soup lines if this bailout does not go through?
Is it ironic that the only stock that finished high on this black Monday is the Campbell soup company? “Standard & Poor's 500 had its biggest percentage drop since 1987. The only stock that finished higher from the Standard & Poor's 500 was comfort-food processor Campbell Soup.” http://online.wsj.com/article/SB122269697819485709.html?mod=yahoo_hs&ru=yahoo Did you know that your job could be in jeopardy because of the credit crisis? Many business use credit to make payroll(to pay salaries) Many business also use credit to conduct everyday business. If this continues, in a matter of days credit could be frozen.
Asked By: Dawg Hous - 9/29/2008
Best Answer - Chosen by Asker
There is more at stake than people realize. Sure, we might face a globla recession, but it will hit the US the hardest, and could potentially bring us down from first world status, if we allow it to propogate... More
Answered By: Anonymous - 9/29/2008
Additional Answers (17)
If the Democrat Party had not opposed the regulator for Fannie and Freddie in 2005 we would not be in this mess. Hysterical-panic-ridden-liberals: The Dow lost 6.2% today. That's it. 777 points --- yes, but as a percentage not all that large if you know your history.
Answered By: reaganite27 - 9/29/2008
Depends.....what kind of soup they serving ?
Answered By: Nightwind - 9/29/2008
No. If it's like the last depression, it will probably only be about 1/3 of us.
Answered By: Mercer Devil - 9/29/2008
No.. but CNN and the talking heads are trying to make us believe this. It is their job to try and help the Dems get this bill thro. I'm not buying it!
Answered By: myopinion - 9/29/2008
No. We will be standing in soup lines soon enough whether it goes through or not. The bailout will help for a few months- but not beyond that. The real question is- is a few more months of feelin' good worth 700 billion dollars to you?
Answered By: Dudeman the Spectacular - 9/29/2008
If so, it's what we would deserve. We have lost our country and maybe this will awaken people to take it back. And for the person above me. We are spending all this money on the war. Where is it spent? To buy bullets, guns, tanks, etc. Hmmmmm let's see those jobs are American so that money is spent here. Then... More
Answered By: hardwoodrods - 9/29/2008
Many Americans just may. Another reason to thank that ol decider, George Bush.
Answered By: nobull54 - 9/29/2008
No, the bail out is a horrible idea, and i am thrilled it didnt pass. Over 75% of the country didnt want it, so you must be one of the ignorant who did. The bail out had a large portion going to ACORN, which is an evil corperation that is widly know for voting fraud.
Answered By: Stephanie - 9/29/2008
This proposal was flawed, and I am quite glad it did not pass the house... ...just say "no" to corporate welfare.
Answered By: in vino veritas - 9/29/2008
Oh well...this is called capitalism not socialism! If a business cannot survive on its own then it must go.
Answered By: suigeneris-impetus - 9/29/2008
I dont get payroll. I work for myself. So I can't borrow money to live on. I did everything right so I thought. I got a fixed rate mortgage when they practically tried to pay me to take an ARM... More
Answered By: krollohare2 - 9/29/2008
That is a very insightful observation. I'm afraid that the line between a voodoo salvation and a nightmarish reality is a slim one. Life in the fast lane is likely to boil down to having some croutons to add to your bowl.
Answered By: picador - 9/29/2008
Yes, and living in a tent! Get the camping gear ready!
Answered By: katiecat - 9/29/2008
Wait just a gosh darn minute now. The dems blame the republicans. The dems never falsely lie.
Answered By: Paul L - 9/29/2008
who is WE kemosabe
Answered By: Dennis C - 9/29/2008
Can't wait until the depression. I grew up on the South Side of Chicago, I can survive it. It is these blind non-hacker retards that think everything is all right that are going to suffer the most. I am moving from fear towards wanting the crap to hit the fan just to spite these idiots.
Answered By: Father Creepy - 9/29/2008
It's utterly amazing to me how many people still don't understand what's happening here. Wall Street is merely a side street of Main Street - It's where we do our banking. It's not a matter of "good us" and "bad them" - They are us. They are investing our money. That crash today was our IRA's, our 401K's, our... More
Answered By: Mrs. D - 9/29/2008
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