Bailout (politics)

A guy walks into a party, and asks a woman "Would you have sex with me for a
million dollars?" She says sure. And of course he doesn't have a million
dollars. But the decision is made, they are going to get it on. Now, it's
just about deciding how much is the price.

I have that sense with the bailout for Freddy and Fannie. My sense is the
bailout is a done deal. The question is only the details. What's the end
result? The Fed, with all the power of the government, will take large
ammounts of my money, and give it to someone else. It's not roads, bridges,
or even pork barrel construction projects. Just a big transfer of money.

 

And this has what to do with photography???

 

Lots really, ultimately he will have to pay more for all the services he
uses and will have less to spend, quite funny really.

Glad I am not a yank getting screwed over so royally by your own
government!!

 

PeteD added these comments in the current discussion du jour ...

Oh, but you are at least somewhat affected by good Brit? friend.
Since prices paid to finance commercial or retail "paper" are most
often traded internationally rather than limited strictly to the
country(s) requiring it, and since the economies of all the world's
countries no matter the government types are more and more
intertwined, what any one does, e.g., this week's efforts to get
the market for mortage securities back running again likely does
affect your ability to borrow by altering the cost and availability
of funds as the bucks/pounds flow to the highest bidder.

This is not at all to say that I either approve or disapprove what
my government appears to be doing, just that you aren't home free
quite yet.

Oh, and it is spelled "Yank". And, I believe you can probably tell
us some juicy tales of when either Labour or Conservatives have,
well, screwed over you folks.

Cheers!

 

Odd the Canadian economy is doing ok, it's just the Americans that are close
to sinking.

 

Aussie actually and we are doing fine thanks. In fact my home mortgage
rates have fallen recently and are about to drop again. thankfully we bye
very little from you yanks.

 

The yank market is known to be far more greedy than the canooks.

 

But you sell us Triton tools (as Sears Craftsman in addition to under
the Triton name) and Holden Commodores (as Pontiac G8s) and you used
to sell us lumber (two years ago jarrah and blue gum and silky oak
were easy to find in the US, now it's difficult and what there is
costs three times what it used to). If we can't afford those anymore
then it's not going to kill you but there's going to be some effect.

 

Very old info...

 

12 Pontiacs will not worry us too much I am thinking.

LOL, Triton tools, made in China I think.

 

Pete D added these comments in the current discussion du jour
....

You're missing the point it isn't only when you "bye" something
from the U.S. but, if you'd taken the time to read my entire
comment, you ARE affected by anything that is upsetting to the
world's economy which may affect the price or availability of
credit to people for cars, planes, boats, and houses or for
busineses to provide jobs and tax revenues. To deny this is to put
your head in the sand.

Now, you DO sell things to the U.S., such as entire car lines built
by Holden for GM ...

 

Deep Reset added these comments in the current discussion du
jour ...

I wouldn't have thought that high, but I'll certainly believe it. I
should also hasten to add that the excessive deficits driving up
the national debt of the United States or any country and buys and
sells it's obligations in the world market place, currency is
devalued to adjust for the risk involved. If it is only the U.S.'s
dollar that drops, and it is in freefall, it makes imports from
Australia cheaper to American buyers but anything American more
expensive for the Aussies.

 

Pete D added these comments in the current discussion du jour
....

So, what do you think the number is now? If it is more than a
smattering, then you are affected, depending on the commodity(s)
purchased include commercial or governmental paper.

 

J. Clarke added these comments in the current discussion du jour
....

This is correct. WRT Holden, GM's entire line of upcoming RWD cars
were designed in Australia and use Aussie parts even though many
are built in the U.S. and Canada. One has only to look to Canada
whose currency has historically been worth less than the U.S.
dollar except in very few years such as right now to see how prices
of all commodities from trading partners is affected.

 

Pete D added these comments in the current discussion du jour
....

You don't know much about your own automobile biz, do you? Pontiac
will sell hundreds of thousands of cars with a percentage of their
content cost flowing to/from Australia, including the GTO and the
Camaro. Instead of leading with your chin in a discussion you're
completely ignorant on, you should do some independent research,
you may be in for a rather unpleasant surprise as it is likely your
government won't tell you what's happening any more than ours
did/does. In short, quit while you're behind because you're getting
behinder each time you post.

 

George Kerby added these comments in the current discussion du
jour ...

You have to forgive our good friends in Australia who also don't
know how to spell "labor" and "color".

 

Pete D added these comments in the current discussion du jour
....

I don't think that greedy businesses such as Big Oil or financial
services companies such as banks, mortgage companies, insurance
companies, and governments all pretty much understand both greed
and incompetence. You need to get it through your bigoted head that
this is a global economy in recent years, you aren't alone and your
country cannot survive in an isolationist mode.

As to Canada, it is way too early to tell if or how much it may be
affected by the Wall Street bailout. Even in the U.S. the broader
marget for securities is running along on past inertia and has yet
to feel the brunt of nearly a trillion dollar worth of money that
would be bought up by countries that don't like democracies very
much, especially Canada. Again, your crediblity has been destroyed
by your stubborness to even look into the situation before
criticizing out country's economic woes.

 

This makes perfect sense.

That makes no sense.
It would be the other way around: A lower US dollar could help boost
exports from the USA (it's cheaper for the rest of the world), but hurt
importers selling goods to it (dearer for Americans).
When the Australian dollar recently rose in value compared to the US
dollar, imports from the USA became cheaper.

 

You mean to people in the USA?
That would make perfect sense.

A lower US dollar makes it cheaper for us to purchase goods from the USA.
On the other hand, it makes selling goods to the USA slightly harder.

 

Data from 2006 is "very old"?