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Closing Arguments: Where's Our Bailout?

December 23, 2008 11:51 PM

We reported earlier tonight about a Florida man named Ken Strzepka, who was so fed up with the government's billion-dollar corporate bailouts that he painted the simple question "Where's our bailout?" in large white letters on his roof.

So tonight, we ask you: Does he have a point?

Should the government be aiming more of its bailout money at Main Street rather than Wall Street?

Tell us what you think.

December 23, 2008 | Permalink | Share | User Comments (94)

User Comments

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YES Main street is the people that run this country. Its our money these wall street people are gambling with on the stock market. BUT the goverment seems to think it fine to give their friend on wall street a open check book to do what they want. Just follow the trail, they all work together and know each other. Goverment, Wall Street, Banks.. all play hand in and. The little people are left in the cold

Posted by: mike | Dec 24, 2008 12:09:22 AM

I would agree...where is the bailout for all of the taxpayers? We are the ones that are suffering; We are deciding whether to pay the bills or put food on the table while corporate America is getting bonuses and deciding where the bailout money goes. Imagine if those billions of dollars were divided amongst all of the working taxpayers over the age of 18. Maybe then there would not need to be a "bailout" because we could afford to keep the economy going!!

Posted by: Michael Evans | Dec 24, 2008 12:11:35 AM

Yes citizens should be "bailed out" because commercial credit deflation is destroying the money supply. Tight credit standards and asset deflation will mean fewer loan dollars can possibly be produced. The only way to replace this and allow our best decision makers(consumers) to keep making decisions is with public debt.

Posted by: James | Dec 24, 2008 12:11:39 AM

Bailing out the companies is really bizarre. Sure they need it to go on, but they still won't go on until the people can. If they can't buy, the bailout just prolongs the agony.

Clamp down on the credit card companies. 40% interest is just plain theft. Loan sharks are cheaper. Either pay off everyone's credit card (much cheaper than the bailout of companies), or take them over at reasonable interest rates. This would give everyone a boost and instantly restore everything to some semblance of order. The banks will have all their debts received and would have to hustle to grant credit to stay solvent. Which is the way it's supposed to work in the first place.

Posted by: gary o | Dec 24, 2008 12:11:40 AM

yeah I agree with the gentlemen in florida. if the government bailed out the American Consumer and helped us keep our houses then we would go out and spend money that would help the economy. If Americans have money we tend to spend it on something. Now that gas isn't $4.50 a gallon and the holidays are here, give us (American Tax Payer) 30 Millions Dollars. We would put a good percentage into the economy and not give it to our CEOs. We don't get bonuses cause our company are cutting back. This isn't right and we need to have a say if taxes are paying for the bailout money.

Posted by: Ben Massey | Dec 24, 2008 12:12:02 AM

He absolutely has a point. What has happened in the world of today is that no one can be disappointed ... there is always that sense of entitlement. And they are always looking for givebacks from unions who work in either low paying jobs so they can have lifelong benefits for jobs that could be boring that would be beneath the Wall Streeters! It would be like me lending money to one of my children and then they turn up with a new car ... NOT!

Posted by: Barbara Hannan | Dec 24, 2008 12:12:55 AM

It's useless to ask for a bailout. Nobody listens to average joe because we have nothing to offer the politician signing the bill.

I come from a country riddled with corruption, so I gave up on trusting the government to help the common guy.

Seriously, don't kid yourself. You won't get anything.

Posted by: Don D. | Dec 24, 2008 12:13:21 AM

yes, I do think that ALL of the bailout moneys be given to only the taxpayers. after all arn't we the ones who earned it?

Posted by: Shon Malone | Dec 24, 2008 12:13:24 AM

Can anyone rattle off the list of combined historical events that were equal in cost to the govt. as the bailout?

Posted by: tbone | Dec 24, 2008 12:15:24 AM

This sort of centralized driven effort has NEVER worked. Just look at history. The markets and the economy will find its own solution. Give private business the least regulation and the lowest taxes and they will thrive. The money to the big banks will not work. Any by the way how has that large bank been treating you lately?

Posted by: Ren Hanson | Dec 24, 2008 12:15:31 AM

yes,I believe it makes more sense than funding bonuses of executives that caused the problem with thier greed.

Posted by: S | Dec 24, 2008 12:15:58 AM

I'm not sure how much this forced taxation without representation is going to cost my family,on top of all the proposed increases in every aspect of our lives. I am very certain that a one year mortgage holiday, that amounts to about
$ 27,000, would get me out of debt and allow me to pay my kids college education. WHERE'S MY BAILOUT?

Posted by: Antonio Gordon | Dec 24, 2008 12:17:18 AM

Yes... Where is our bailout? The buck starts with the consumer in this country. With confidence in the entire system waning, why not give us all a 5 to 10 thousand tax credit giving the consumer some breathing room? With 350 Billion dollars going towards a banking system that has refused to reveal any accounting of it, we deserve the same break they got.

Posted by: Alan | Dec 24, 2008 12:18:37 AM

The government should direct more money to main street. We are expected to pay the tab for the money sent to Wall St. No one seems to care that we on main street are losing jobs,paying higher taxes and fees because of Wall St.and we're going to have to pay more to get access to the money that has been given to the banks. From where I sit I think the people on main street have been royally screwed.

Posted by: Mkearne | Dec 24, 2008 12:20:13 AM

It's ridiculous that these companies get any bonuses.

My favorite stories are these banks renogotiating the mortgages of people who are behind on their payments. The banks set the rates at the adjusted ARM rates of 8-9% and then add all the late fees onto the loans, resulting in $20,000+ added to the mortgages. Let's see if the people can't afford the mortgage at 8-9%, either lower the rate or foreclose!!! It's that simple.

If you want to get the economy moving and save millions of jobs, simply tell the banks to change every single mortgage in America to 4.5%. This would put trillions of dollars in Americans pockets, save millions of Americans from living on the street, save the banks from owning millions of houses that are worth 50 cents on the dollar.

Give every American a break, not these failing executives.

Posted by: Dan | Dec 24, 2008 12:20:19 AM

They should not have gotten a bailout.
How can you bailout someone when you are in debt and need finance your self.
Stop buying, stop the bonuses. Stop the spending.

Posted by: Brenda | Dec 24, 2008 12:21:14 AM

Absoutely, not being real great at math or the amount of all those ex bonuses I can not even imagine how many "main street" families would benefit from just 2 to 3 THOUSAND dollar bonus.How many of those BILLIONS could you distribute among those people. I am in that group and I live pay day to pay day. I would feel like a billion dollars if I just had a couple of thousand. Who am I trying to kid? A few hundred could make a wish come true. We are not lazy people who are afraid of work, My husband is retired after having served one company for 40 years. I am 64 years old and have been paying into SS since I was 15 years old. We have been thru some pretty hard times and always got thru, but not because we got a bail out from the government---because we recognized the problems and made the necessary adjustment.

Posted by: Carol Warren | Dec 24, 2008 12:21:25 AM

That is the question I also have been asking. I am a single mom about to go under. I don't see any billion, million or even thousand of dollar coming my way. I get up 6 days a week and go to work in a car that is 10 years old. hoping i dont have to buy gas till pay day because i don't have the money to do so. I pack an apple for lunch because that is all I have left for me to eat. i saved the few very few other things for my kids to eat after school and for dinner. If companys need to fine way to make a dollar go a long way and how to cut cost all the have to do is hire a few single moms. So I ask again WHERE IS MY BAILOUT!!!!! working hard in this great country of ours gets you nothing. I and others need help. If the Gov can give alllllllll this money out way do you still need my few tax dollars. those few dollars I pay in to bailout everyone could help me.

Posted by: angie | Dec 24, 2008 12:21:43 AM

I totally agree. I need a bailout. I work hard, pay my bills on time, am comfortable but with everything going up I won't be able to continue to take care of my responsibilities. "I NEED A BAILOUT" Come up with a bailout for us - give us $20,000 to married couples and $10,000 to singles - not chump change a few hundred dollars to get the economy going. We need to be sble to keep our heads above water.

Posted by: S W | Dec 24, 2008 12:21:43 AM

I paid my taxes, and just lost my job. I can't find a job, as a network engineer, I'll have to pay more tax on my unemployment benefits. The banks, Wall St, and the mortgage companies are responsible, for our economic problems, they get bailed out and they give out bonuses, how fair is that. personally I'd rate their performance as poor at best. Give them their pink slips, and suggest they all find a new line of work.

Posted by: Jay Bissonnette | Dec 24, 2008 12:21:44 AM

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