The Rich Are Staging a Coup This Morning ...a message from Michael Moore

Comments (20)

1. • joeblow

   He is right- but he is wrong. Is it unfair - yep but sometimes you have swallow bitter medicine and the economy definitely needs medicine.

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   1. • fkovacs24

      @joeblow -
      Hey-- why were the American People led to believe that the" bailout" was to be a NEW bill brought before the House and the Senate.
      They were SUPPOSED to be voting aye or nay on an Act entitled " The Emergency Economic Stabilization Act of 2008. I see that NOWHERE in the Title section.
      Instead, again we are lied to , and they tried to play fast and loose with the US Tax Codes. PLEASE look at the date that this bill ( below) was passed by Congress. If my eyes do not deceive me, it was 1986. This is an amendment to an amendment, NOT a bill.
      Why did the media and all others concerned not bring this to the attention of the American people that this, in fact, was NOT something new, but was just another politically motivated sleigh-of-hand trick with OUR money.
      Shame, shame, CNN, FSN, John McCaine and Barack Obama. Do you REALLY think we are that stupid?

      FINAL VOTE RESULTS FOR ROLL CALL 674
      (Democrats in roman; Republicans in italic; Independents underlined)
      H R 3997 RECORDED VOTE 29-Sep-2008 2:07 PM
      QUESTION: On Concurring in Senate Amendment With An Amendment

      BILL TITLE: To amend the Internal Revenue Code of 1986 to provide earnings assistance and
      tax relief to members of the uniformed services, volunteer firefighters, and Peace Corps volunteers,
      and for other purposes

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2. • thejimgaudet

   The thing is that I cannot trust the Government, so whenever Michael Moore talks, I tend to listen. Maybe that makes me "conspiracy theorist", but I don't think so. The record of the GOV is so bad, that I can't believe anything.

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   1. • SamHorn

      @thejimgaudet The government or this particular administration? It is seems to me that this sucks- but at least this thing has received serious attention. It is not like it has been slipped under the Senate and Congress' nose and while "giving the rich bastards their due" feels like an awesome sound byte, I do not think innactin will be good for us. I do understand and appreciate the points of all both (maybe more than 2 ) sides though.

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   2. • VioletPlanet

      @thejimgaudet

      You're not a conspiracy theorist at all. They've been at this...since Reagan. The NeoCon philosophy has imploded. People who only believe in self-interest. People who don't believe in government running the government. A firing squad is too good for them. Karma is coming to roost.

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3. • SilentJay74

   We keep getting backdoored..and for what? You know a wise man once said "A People should never fear their government, it should be the other way around." Well now we have been blinded bu the BS on television and mainstream media. We have been blinded by to many politicians "Wagging the dog". This is BS. Bailing out the rich. Screw the trustfund babies, we continually allow this crap and for what? Congressional over site has fixed nothing.

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   1. • thejimgaudet

      @SilentJay74 And will Congressional Oversight ever fix anything? I once watched C-SpAN when I was trying to fall asleep. They were about to vote on the national budget, once of the senators (i think from VT) said that the senators received the 3600 page budget less than 48 hours before they were supposed to vote on it.

      How can anyone make a decision on a 3600 page document in 48 hours? Impossible.

      This means that the budget was passed and none of the senators got to read the fine print.

      The question is, how can we trust a government who do not even read what they are approving?

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4. • KingWithoutACrown

   You gotta spend money to make money. Economics 101 right?? Wrong.....‏

   Why spend 700 billion dollars to get us out of debt? Wouldn't that just put us 700 billion dollars more in debt? Then when you go to pay back the debt, just pretty much pay back the 700 billion dollars that you just spent? Defeating the whole purpose of what you were trying to do? Say you spend 700 billion dollars to bail out wall street. In general when you give them 700 billion dollars there going to use that to pay you back. You might not even see all of it in return. But with this, WE ALL WOULD SEE SOMETHING IN RETURN!!!
   
   For everyone out there this this is a solid investment, one in which you really cant turn down. You invest absolutely nothing. I mean nothing! and you become rich. In fact everyone gets rich. Needless to say this could be;
   
   100% profit for the government. This idea takes the opposite of what everyone does, like tax us which in turn pinch's our pockets. This time instead of raising taxes and inflating prices to help pay off everything. Or just spend money that will pretty much pay back what we just spent, defeating the purpose of what you were trying to do. I think we take money and lower its value on the economy to half or more causing all of us TO HAVE MORE MONEY IN OUR POCKETS!
   
   Which will make us spend more, which gives you more. All of which will be profit for guys to spend on whatever. If we can lower everything, then producers can buy and make more goods cheaper. Which means more product and more demand. With more money in our pockets and more money to spend, means the more product we buy. Which if cut in half could be double of what we would have brought before.

   Its simple if you make money not on issue, then money is indeed not an issue. So in return we spend on everything mostly because with money staying the same for us, but prices going down means more money to be spent on whatever. If we spend then you guys get more of what you would have before. So for you guys the investors the bankers and congress whoever..
   
   Buy cutting prices in half or more gives you more money to spend on whatever. Plus if prices are cheaper, then you have to spend less to buy things and make things like roads and bridges and everything that needs to be done. Pretty much by doing that you would see double that maybe more money in your pockets. With all that money coming in, maybe being invested, getting paid off, and the fact that its cheaper means you can buy more for less. Get more for less. Pay less for more. You get the deal of the century here. All for absolutely nothing. In Fact We All DO!!
   
   It would make us all overnight millionaires. For the Millionaires maybe billionaires. Just because we have more bang for are buck. In general the rich are rich, because they can buy more then everyone else and not care. Well why not do that for everyone? If everyone is seeing this, then that's more money then you would be getting now. Money is going to stay the same and prices are going down, so the gains would get bigger if not a lot bigger. You would see what you get now in return, and then a lot more. Plus you can buy more goods for cheap, so you can fix more and do more for the country for less. How can anyone turn this deal down???
   
   I'm just having a hard time trying to fit every possible thing down this will do. I guess its like the stimulus checks without the checks. Thats what they were trying to do the first time, well this could do it just as good, for FREE.
   
   One of the best things is that, we can spend tons of money without wasting it. It would be more economically sensible the way things would work. Know what I mean? The way people say that's the smartest way to spend money. Like walking into a grocery store with 2 dollars and coming out with four or more things. Well it would be like that everywhere everyday.
   
   No money, to get money!!! seems unbelieveable.
   
   Plus if things did get worse it wouldn't ever be like the great depression again. We would still be able to buy things because we can still afford to buy and make things. So not having to invest anything or spend anything, turns into more money in your pockets that would be spent more economically. Even if you did spend 700 billion dollars It would be spent a lot better then it would have before.

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   1. • thejimgaudet

      @patmyballs21 So my question is how do you know that prices would drop for everything? Are prices going to drop for our imports? If they do not drop, then the prices of items in the US now will not drop since they would make less profit.

      Your words sound great, I am just skeptical that it will actually happen. Can you explain some more in detail for me?

      Thanks,

      ~ Jim

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   2. • KingWithoutACrown

      @thejimgaudet

      I say the prices of imports would drop IF we let it. Every Single person would become wealthier. Our governments and big business would benefit a lot more then we would, but who cares!! Isn't that what everyone wants and is what everyone is looking for? If it catches on globally then of course prices will drop. If not, then with the amount of money they/we would be seeing coming in, they/we still will be able to buy the imports with little less stress on the pockets. Granite less product for your buck( Which would be a hell of a lot better if we could get more for less) but cheaper none the less. It will be as big as we make it. Heres an example with gas if everything goes down except gas, the extra money in our pockets would cancel out the high cost of fuel prices. Causing everyone to be able to afford gas again. See what I mean?

      Why keep high prices like this when all were doing is WASTING MONEY! if we drop prices we in turn would spend, buy, make, and probably get more money out of money. Everyones invested dollars will gain a whole lot more value. Everytime you spend money it would be done wisely, or like it should be, because money would go a lot father. Buying more for less means getting more for less. The government could do the things that have to be done, but cant . They could buy more for less, and in turn get more done then before for a lot less. Things would begin to pay themselfs off because money is being returned at faster rates. If everything in the US were to drop then we would still notice this. Milk, Food, And whatever else is still made here will be cheaper. Plus This makes every single person in america happier. Every Single person would reap the benefits of this. So In Generally Who really gets hurt in this deal? No one!

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   3. • thejimgaudet

      @KingWithoutACrown - I understand the concept and it sounds great. But how does the government accomplish this? I guess I need to read this bailout and see what it is really doing.

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   4. • KingWithoutACrown

      @thejimgaudet - Its the government they can do anything. If you think about it, the only thing ruling this world now is the governments. They can decided to just change how much the value of money is. If not the fact that everyone gets more money out of this should be good for anyone, so if they want to see more money coming in all around then we should all lets say drop prices and get more money. I guess what im saying is we change the way money works. Instead of spending more for everything, We spend less and get more. In Essence causing us all to feel rich. The more money the people have is the more money going back to businessess and the governments. Causing the stock market to get stronger. If prices are cheaper then people can invest more giving us all more money. all the way around. Which would help them drastically and even us.

      Also it might help clean up the streets and cause more people to work for a living. If people can get more of a living, just for the fact that they can do more and get more out of life would help alot. So people would run to jobs now, to start living life, People would then go to college and get the educatution we all need for the future. More people can affoard college, so now more people acutally study for college. If people study for college means less drugs during high school and college. Maybe not, but who knows.

      More business means more jobs, which means more money for America. More money for America means a better country for us all. One in which everyone is happy. If everyone is happy then you get peace. With peace comes an even better place for us all. I guess we should just Invest today for a better tomorrow. An Extremely better tomorrow.

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   5. • thejimgaudet

      @KingWithoutACrown - I truly hope the gov can do this. It is a "change" needed and seems very simple. So the question now is, why hasn't his happened already? Is your idea something that has never been thought of before? OR do we need to get that idea out there. Because it seems to me the gov would much rather just take our money and live their lives.

      I hope for this change...

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   6. • KingWithoutACrown

      @thejimgaudet - I think its the best step possible. We do need to get the idea out there. I dont see how that wont happen with this. They would still take are money and live their lives, but we wouldn't care and thats the best part. It wont hurt anyone or anything. Just make it better all the way around. So I dont see why the government cant see the benefits of this.

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   7. • VioletPlanet

      @KingWithoutACrown

      The corporations own the government. There is no government. There is only Exxon, Shell, Chevron, Citibank, GE etc.

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   8. • VioletPlanet

      @KingWithoutACrown

      Ralph Nader's plan for the bailout!

      “Ralph Nader warned eight years ago that the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) were about to tank like the savings and loan industry of the 1980s and '90s. Because his warnings were ignored, taxpayers today face losing billions of dollars to cover these bad debts.

      Nader, in a letter to Securities and Exchange Commission Chairman Christopher Cox in 2006, criticized the exorbitant salaries of government-sponsored enterprise executives Jamie Gorelick, Daniel Mudd, Robert J. Levin and Timothy Howard. He noted in his letter that their financial incentives were in direct conflict with consumer financial security. A grave moral hazard was created by the accounting manipulations they sanctioned, Nader said. These manipulations benefited their personal wealth, yet there was no penalty for being caught.

      Nader has called for an immediate halt to the increase in the national debt. He demands an end to corporate subsidies and unconditional taxpayer bailouts of corporations. And he has called for aggressive prosecution of corporate criminals.

      "Given the contrast between the ‘free market' ideology of the Republicans and the corporate or state socialism that is their increasing practice, the time is ripe for full Congressional hearings next year on the organized power, greed and lack of regulation that is shaking the foundations of Wall Street," Nader said.

      Nader has come up with 10 market reforms that he says need to be implemented immediately along with any bailout. These reforms are:

      * 1. No bailouts without conditions and reciprocity in the form of stock warrants.
      * 2. No more lobbying for any company that is bailed out.
      * 3. No golden parachutes or get-out-of-jail-free cards for guilty executives.
      * 4. No bailouts without public hearings.
      * 5. Reduce the moral hazard in U.S. mortgage markets by introducing covered bonds for the majority of mortgage products, as is done in Western Europe. That gives institutions that finance mortgages an incentive to be prudent, because they cannot just unload them and wipe their hands clean of the liability, but are instead on the hook if the homeowner defaults.
      * 6. Maintain neighborhood stability and housing security by passing a law with a sunset clause allowing below-median-value homeowners facing foreclosure the right to "rent to own" their homes at fair market value rates.
      * 7. Avoid future housing bubbles by removing implicit government guarantees for new mortgages that exceed thresholds of greater than 15 to 20 times the annual fair market rent value of the home.
      * 8. Make the Federal Reserve a Cabinet position, so it is accountable to Congress, as well as make sure all Federal Reserve Bank presidents are appointed by the president and answerable to Congress.
      * 9. Reduce conflicts of interest by taking away power for auditor and rating agency selection from companies and placing it in the hands of the SEC to be administered on random assignment.
      * 10. Implement a securities speculation tax, starting with derivatives, to deter casino-style capitalism.

      If we bail out our corporate masters with hundreds of billions of tax dollars without instituting draconian market reform and launching criminal prosecution, we will be left to bear the cross of corporate malfeasance. We will pay for corporate crime. We will leave those who robbed us free to plunder.”

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5. • dan360man

   Man, I still can't get over how much better Mixx comments are than on any other social bookmarking site. Unbelievable!

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6. • VioletPlanet

   Newsflash: Largest Point Drop In History on Wall St...Jesus! The super rich don't get their way and see what happens?

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7. • bizdevlead

   GOD BLESS MICHAEL MOORE for being such a brave public figure and showing us courage and leadership. During times like these "public figures" are invisible they are scared of being whacked for influencing the public against the "agenda".

   After reading what he had to say about the bail out, I have to say the guy speaks from his heart and is not trying to make money because he can face a lot of danger for being so honest about what the BUSH admin is doing for the ELITE.

   America is being robbed in plain sight, there is nothing else to it.

   I am upset at how defenseless we are as citizens.

   The Bush admin has just made these the worst 8 years of my life, made me question god

   I ask how and why do these pieces of garbage exist?

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   1. • VioletPlanet

      @bizdevlead

      Don't worry! What comes around goes around! It is the law of nature. Unfortunately, we the people are going to have to suffer for it as well. We have no power. The only way to change things if is we the people demand it in huge numbers...mass anarchy really. People need to get out of their SUVs, away from their TV sets and computers and take to the streets. We are responsible too for letting them get away with 8 years of criminal activity!

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