Sucks to be me.

I have to do a large report on this. At least i have a lot of information to use now since i chose to do it day 2 of the crash.

stool cory bro

inb4 eurofag circlejerk begins.

We are so goddamned fucked.

Why are you bitching? At least your taxes won't go up. Although soon your country won't exist so there will be no taxes to pay anyway.

Suddenly this seems alot more likely.

Get your supplies ready, the 2nd American Civil war is going to start in less than 2 moths now.

FUCKING DEMOCRATS!!!!!

RON PAUL WAS RIGHT

Shit was SO cash XD

ITT: We wildly exaggerate.

Thanks America... Thanks for nothing.

>>15117719
No it's wasn't. AND THAT'S THE FUCKING PROBLEM!!!

HERE COMES THE AMERO!

...

...

...Does that mean /ñ/ is now oficially better?

BUTTHURT MONEYFAGS

Due to the coming crisis, 4chan will need to downscale. From now on only GIF images smaller than 16kb will be allowed and at most 50 page views per day.

Ha ha. It's rejected, huh?

The House of Representatives: fucking things up since 1787.

I'm happy to let these thieves enjoy their bankruptcy, and I'd be willing to let them if they weren't so embedded in the economy that their destruction would severely cripple other industries. Disappointed in both parties for being faggots about this. srsly

EUROFAG REPORTING IN.

So, hows your stock market going these days?
Got my popcorn right here, waiting for the first window-jumping CEOs.

YOU GUYS IT'S A CONSPIRACY THE NEW WORLD ORDER IS UPON US

>>15117773
No.

Now that the Democrats have defeated this bill and put the country into a downward spiral which we will never escape from, They'll Blame Bush (and McCain) for this mess.

I'm telling you people here and now, if Obama wins the election then America will end up with it's worst economy in it's history. Even worse than the Great Depresstion.

Eh, I know people on the inside.

Shit's been predicted for months upon months now.

They also know it's going to be back up and running in no time.

dude, the banks are so incredibly porked

>>15117803
I approve of this.

/a/ - Economics

>>15117821
>Eh, I know people on the inside.
Not anymore you don't

The neoliberals have made their bed and attempted to make Joe Sixpack sleep in it for them.

They're going have to sleep in it without him.

>>15117819

Aren't you a fucking shittard, it was both Republicans and democrats who turned this down

The bill failed because it gave ridiculously huge amounts of power to a single man, who is pretty much a cock sucker. If the bill had passed he would have had tons of power and none of his actions would be subject to review or oversight.

It's a good thing this bill failed. They can write a new one now that doesn't hand over your future to a single man.

>>15117801
Better than your's still.

sage for not code geass

This doesn't look good.

Dow is down 777 points right now.

We're incredibly fucked either way. I hate how all these on the street interviews people are just like WE SHOULD LET THOSE JEWBANKERS GO BANKRUPT.

I full support that; the richfags were fucking retards engaging in so much dubious or downright illegal shit for so many years, and arguing for deregulation over the course of decades because LOL WALL STREET SHOULD BE FREE. But letting them go bust is like dropping a boulder into a swimming pool. It splashes everywhere. If this were China there would already be executions for corruption and incompetence.

You just don't understand the basics of economics, promise me apples and honey and I will save your economy.

>>15117861
It's was the Republicans who MADE the bill in the 1st place.

Seriously folks if this bill had passed then this 700+ stockmarket crop wouldn't have happend.

>>15117801
I hear Zurich's gonna be grand.

>>15117861
Don't bother. Neo-cons will blame democrats regardless.

It's not like they don't want a bailout bill, just not one so half-assed.

Just as planned.
Russiafag reporting in!

>>15117637
No, we're fucked too.

If it was something like Uzbekistan going under we'd be fine, but America fucking itself up affects EVERYONE in quite a large and direct way.

ADV licenses Clannad and the day after the Stock market crashes.

Coninsidance!? I THINK NOT!!!

>>15117693
Of course he was.

>>15117819
This. It's happening already with Pelosi delivering a speech about how Bush is responsible for this before the vote on the bill. Rage, it was the banks that started this and Bush had nothing to do with it. I'm not even a Bushie and I'm willing to defend him on this.

And yeah, Obama's naivete annoys me. Trying to fix the world by "changing hearts and minds" makes me lol. He's basically Relena Peacecraft.

STRIKE WITCHES RISES IN VALUE

CRACKPOT LELOUCH THEORIES UP, OR MAYBE DOWN.

Get this shit out of my /a/.

And before we blame the Democrats...
>>"More than two-thirds of Republicans and 40 percent of Democrats opposed the bill. In all, 95 Republicans joined 140 Democrats in voting "yes," while 133 Republicans and 65 Democrats voted "no.""
>>15117861

This is all the Hadron Collider's fault.

>>15118036
Mis-pasted source: http://news.yahoo.com/s/ap/financial_meltdown

Oil is cheap right now, that's good, $96 a barrel.

We had the largest single-day drop in the stock market since 1987. We can collapse faster than this, so step it up.

ITT: People pretend that one side of the screwed up US political system is somehow better than the other, despite recent decades proving otherwise.

Also ITT: Shifting the blame.

>>15117988
You can't say Bush isn't partly responsible for this with all the tax breaks and deregulation. That's a recipe for corruption, really.

/a/ - News & Current Events

I lurk on /k/ so I am all set, but what are you guys going to do when the internet goes down for good?

FEDERAL RESERVE DID 9/29

The bailout wouldn't have helped.... (...anybody who isn't a foreign bank! Ha ha, eurofags, suck it!)

>>15118106
Don't worry, I keep a backup internet in my bomb shelter.

Well isn't that interesting.

It'll be interesting watching shit hit the fan.

>>15118095

It's good, just as long as you have pics about something related to /a/.

>>15117988
Pelosi can call Bush a big, fat pussy. Doesn't mean they throw a temper tantrum over it at the cost of the country. I'm surprise they would back up Bush after shunning him for McCain.

>>15118093
Oh, I'm definitely not saying he didn't help it along. This is a failure on everyone's part and everyone -- both parties, creditors and debtors -- needs to stop pointing fingers, take responsibility and fix the problem.

Like that will ever happen.

>>15118059
Except it's not really good, because gas prices are likely to go up anyway thanks to the overall market bullshit. In this kind of situation, all essentials (food, gas, etc) go up in price.

>>15118210
The libertarian side of the GOP has really come out recently. My guess would be that it's more an issue of not wanting to spend the money and incur further debt that made the hesitate. Kinda stupid at this point; if the economy tanks, the national debt is going to be the least of our worries.

Didn't the market collapse some months ago ?
I just don't get it anymore...

Sad part is, I knew this would happen some day, because seriously, how does anyone think that banks could keep loaning money to people who didn't qualify for the houses they were trying to buy, assuming that housing prices could never decrease, and it wouldn't eventually collapse?

Add in a war that's never going to end and years upon years of wasteful government spending no matter who is in office, and lookie there.

I need to go claim a few acres of land somewhere and grow apples.

FUCKING DEMOCRAT SCUM

NO U REPUBLICAN BITCHES

FUCK CONGRESS YOU LOUSY SONUVABITCHES

>>15118301
The situation explained simply and quickly.

+50 points

>>15118301
Every single member of Congress are a bunch of pussy faggots who are too scared, too lazy, and too indecisive for pieces of inferior filth.

This makes things really confusing. The ones that opposed the bailout 2/1 were Republicans, Bush Supported the bailout. Democrats supported the bailout, but obama wants to tax the wealthiest precentile instead of giving them tax breaks like Mc Cain

>>15118301
FUCK YEAH, COMMUNISM

>>15118377
That's because Obama and McCain are both more of the same. They were never change. Their parties are both more of the same.

FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFf

>>15118428
Hence why when I heard McCain was the Repub nom, I knew we were doomed.

Ron Paul come back!

This has nothing to do with /a/

So I heard this is an Animu & Mango board.

>>15117988
Without dat ass.

>>15118474
fuck off, this is better than the hundred code geass threads on /a/

>>15118377
Bush wants nationalization just as much as Democrats do, most Republicans don't want that.

As for taxes, taxing people more because they make more money is absurd. Taxation, when it exists, should be a flat tax only, and the government should learn to operate with what they get.

Ha, I'll get my fantasy goggles.

>>15118474
yes it does, americans need money to pay for their internet and computers to be on /a/ and torrent anime, if we were taxed >$900000000000 we would have a harder time paying for this stuff

gg

>>15118535
They can't operate with what they get. That's just a dream. The US can't be a power with that. That's why 70 percent of the taxes paid to the feds come from the richest 5-10 percent of the population.

LHC OR ECONOMY DOWNHILL, WHICH WILL BRING THE HUMANITY DOWN?

HEAVEN OR HELL!

>>15118619
I have no idea what you just said.

>>15118265
The real collapse happened decades ago, and bailing out lame-duck financial businesses shouldn't take precedent over lending to or subsidizing real businesses.
1. Wait for stocks to start to bottom out, then buy into some company that isn't going to go out of business.
2. ??? (life goes on, we make it work, major financial re-organization / whatever needs to happen at the top)
3. Profit.

絶望した！

>>15118598
Doesn't make it right, though. And it's not just about the top few percentages. I know a few people who have lost their homes because they made too much money and slid into a higher tax bracket. Maybe they didn't budget right, but suddenly having to pay much higher taxes didn't help.

i don't think this will affect so much, so a bank or two broke, it's not that big deal

everything will be fine by tomorrow

>>15117549

>>15118619
So, which one's heaven?

>>15118723
taxes do not work that way

>>15118733
Heh, one could only hope, but I think that kind of thinking is what got us into this to begin with.

>>15118093
actually it was regulation that caused the mess....

>>15118779
Umm, yes they do.

>>15118535
you rich nigger, tax should increase proportionally with richness. The one percent getting billions of dollars shouldn't be getting money that they don't fucking spend or need while tens of thousands go hungry on the streets, even more lose their homes and slink further into poverty because they had to hold onto there jewgolds

>>15118795
more like lack of.

>>15118723
Progressive tax brackets do not work that way. Look it up.

DERP DERP this is what charitable donations are for. You panic at the end of the year, then dump some funds into the Red Cross until you're into an affordable bracket. Everybody wins.

Also, they fucked up their spending, it's their fault. America's average savings rate is -1% because we are dumbasses.

>>15118723
Yeah right, they blew their paychecks on coke and then couldn't pay their taxes.

>>15118795
over 3/4 of the sub-prime loans were from unregulated businesses.

Where they went from there was securities trading in a generally unregulated (and possibly illegal) manner.

>>15118825
You have to be fucking retarded to lose a home because you moved to a higher tax bracket. It does not lower your income.

>>15118723
This is why we should have no income tax and significantly higher sales tax and luxury taxes.

>>15118906
That would be a regressive tax, and regressive taxes work even less than progressive taxes.

Ausifag here, breaking away from England doesn't sound like a good idea now does it?

>>15118921
It's a regressive tax that works like a progressive tax, since the wealthy have higher expenditures and buy more shit that they don't need. If you don't tax food and certain essentials, it works out quite nicely imo.

>>15118848
LOL, while I don't think they wasted on coke, but they did spend more than they buy to keep up their lifestyle. Same can go to the middle class bracket as well.

>>15118838
This. Nobody really fucking saves anymore.

>>15118902
It does if you get a minor raise that bumps you over into a higher bracket.

Anybody notice those loans where they look normal for a few years and then BOOM $5000+ monthly payments? We were going to buy a new house 3 years ago... read the fine print and laughed at the realitor all the way out the door.

>>15118996
It would have to be high enough to account for the huge amount of money that rich people *don't* spend.

That would probably be in the 75-100% tax range.

>>15119014
The US Economy is BASED on consumer spending. People don't spend money, the economy becomes worse.

>>15118831
I wish I was rich. Then I wouldn't need to even think about any of this as I sit on my private island and laugh at everyone.

tl;dr

Will this affect my animu/internet?

Hooray, fuck the bailout! About time something good happened.

>>15119065
Which really doesn't help when teens are getting severed from their crappy part time jobs due to illegal immigrants. removes a lot of disposable income from the economy.

>>15119031
"Teaser rate" I saw those, they're written to sound like a "variable rate" mortgage, but instead of the rates going up if the fed interest rate goes up it's written to go 2-3% for the first few years then go into 10-15% automatically.

The one I saw had that hidden in a paragraph on the 3rd page. In 8pt font no less. Crap like that should be illegal.

>>15119101
yes

>>15119082
If you were rich you would be affected by this more.

>>15119031
Oh wow, didn't fall for the balloon payments or variable rates, eh? +75 points.

>>15119065
Bubble economy. We have it because of credit availability. You're watching the bubble burst (or at least come really close to it). This difficulty in getting credit is just returning the US to a normal rate of growth.

>>15119112
Fucking illegals sending money back to south of the border... SPEND THE GODDAMN MONEY HERE!

>>15119108

You're an idiot who doesn't understand what capitalism is or how it works.

Stunned traders on the floor of the New York Stock Exchange, their faces tense and mouths agape, watched on TV screens as the House voted down in midafternoon the administration's $700 billion plan to buy up distressed mortgage securities. Activity on the floor became frenetic as the "sell" orders blew in.

ROTFL

>>15119126
Not if I had my own private island.

>>15119031
The only significant tax increase in the US system is from the $8k-32.5k bracket to the 32.55k-78.8k bracket.

Which increases your tax burden by 10%.

Which looks like it nearly doubles the amount of tax you pay.

Middle class people get the shaft, that 10% jump should be when you go from a high bracket to an even higher bracket.

>>15119123

God-fucking-damn it. All I ask in life if a few porno cartoons and internet message boards, and some douche bags in suits have to go fuck it up. GG, guys, GG.

>>15119138
No, not bubble economy. The US is Consumer Spending based. BUT MORONS DON'T NEED TO SPEND WITH CREDIT CARDS AND NOT PAY THEM, THOSE FUCKING AMERIKKKAN MORONS. USE ONLY THE MONEY YOU HAVE, YOU MORONS!

the real problem is all the hidden taxes, employeers paying money to the govt plus health care costs that govt interference has ruined

>>15119142
But Abuela needs food ;_;

>>15119118
Ours was buried way in their like that too. The Realtor did not want to explain what it was to us out of fear.

"Hey... wtf is this?"
"That's... please ignore that... It's nothing... just sign it."
"lol no $5000 monthly payments for me kthxbye"

>>15119145
RESPONSIBLE FOR OUR OWN ACTIONS?! NOOOOOOO

People who believe the economy will never run into problems should never, ever invest money in it.

People who think that government intervention will either: a) resolve a problem with the economy, b) actually come into effect in time to have any negligible effect, or c) cause more good than bad to occur as a result of acting, should

fucking kill themselves.

>>15119190
Well, we're gonna need food now, eh? How's that?

>>15119190
70% of the currency in mexico is US currency. Seriously, Mexico, learn to stand on your own feet. Let Walmart open some more stores there and get normal.

>Now that the Democrats have defeated this bill and put the country into a downward spiral

0/10, injecting 800 billion into the economy is doing nothing but screwing the middle class.

>>15119224
Gov't intervention worked with the S&L crisis of the late 80s. Government doesn't need to intervene everytime. It just has to intervene at critical times.

>>15119180
Viva la Credit Bubble!

GODDAMN YOU FAGGOTS
SAGE

>>15119290
I see we didn't learn anything from the 80s, though.

>Government doesn't need to intervene everytime. It just has to intervene at critical times.
this

My senior Economics class has to do a term paper on this.

>>15119284
0/10, injecting 800 billion into the economy is doing nothing but screwing the working class.

Fixed

>>15119188
healthcare prices aren't high because of government regulation. Blame the insurance industry for super-high health costs. Insurance companies pay a flat-rate per operation (varies by operation, of course) no matter how much it costs in reality. While hospitals can negotiate with the insurance companies to get a higher payment, they need to show that the costs are significantly higher than the payout. How do they do this? By jacking up the prices they charge to uninsured people (and insured people, but they don't actually get that much money).

Medicare is another reason why costs are high, but I'd say that Insurance is the largest source of inflation in the healthcare market next to malpractice litigation.

>>15119290
In the late 80s, we had Reagan.

Now, we have Nancy "The Sky is Falling and It's Bush's Fault BAAAAWWWW" Pelosi and the Congressional Clown Crew.

That $700 billion dollar figure they want to run through so quickly? They fucking made it up. They don't even have any idea how much money is really needed or even how it should be used.

Last I heard, confidence in Congress was running in single digits. Pretty good reason why.

/a/ - Bloomberg

Ironically, this whole economic crash is happening the day before a Jewish holiday.

Just according to keikaku

>>15119180
god yes. My credit card has a good size limit... I don't ever come remotely close to it. However, many of my neighbors are in more debt than they know they can pay off in their CHILDREN'S lifetime.

Dysfunctional systems and principlesare bound to fail...sit back and watch the ultimate failure of what never ever could've been successful from the beginning.

>>15119331

Government intervention doesn't do anything you uneducated bumpkin.

Government regulations, however, can. It's too late now though.

>>15119382
it also happened the day after ADV licensed Clannad.

>>15119375
an extremely slim margin of majority and bitter partisanship?

It's hard to do anything when the other side won't vote for anything you present for your own agendas and it only takes a few defectors from your own party to make a bill fail.

Democrats: Yea:141 Nay: 94
Republicans: Yea:66 Nay:132
Total: Yea:207 Nay:226

Hai guise

>>15119352
>Medicare is another reason why costs are high, but I'd say that Insurance is the largest source of inflation in the healthcare market next to malpractice litigation.

Medicare is definitely a bigger reason, since people over 65 are significantly more likely to need medical care than people under that age. The Medicare system was established and prices for medical care started skyrocketing. Either way, Social Security and insurance companies need to suffer the same kind of collapse that the bankers are right now. Shit would be so cash.

>>15119341
And now you have something to go on. Use 4chan as a reference with pride.

>>15119375
Remember when Pelosi said in 2006 that if we voted in democrats everything would be sunshine and lollipops, and that gas would be about 2$ a gallon?
Yeah... I sure do.

WE'LL BE FINE!!

It's just these damn zillionaires who thought they can foot us poor people the bill.

Please don't immigrate to Canada. Our economy can't handle you guys and our politics are so fucking slow.

DRRRRR HEY GUYS LET'S PUBLICIZE JUST HOW
America you done this to yourself.

BAD THE STOCK MARKET IS FALLING! THAT'LL GET PEOPLE TO SELL SO THEY WON'T LOSE ANY MONEY!

GEE WE SURE AS GENIUSES!