The Note: Obama Gambles on Bailout Bill

Mr Obama along with the entire Democratic Party, Has been Raping and Pillaging the American people and the Country for a few years now. This year at an all time high.
The bail outs are wrong.
Many companies and Industries have failed or bankrupted over the years. No one lifted a finger to assist, aide or bail them out.
Bail outs are only extending Mismanagement and poor buiness Practices and Lining someone ones Pockets with The Countries and peoples money.
The Government having their fingers in or a vested interest in any Company or buisness is Wrong, and against anti trust lawa.
It makes it to easy for these Buisness’s and Industries to be assumed by the Government, Causing Something that shoule never be in America.
The Only ones to benifit from these bail outs are the Democrats in office, coming into office. and the peoples pockets they are lining.
If The Democrats care about America, The American People then how could they do this to them.
They always say they are for the people, and do the absolute opposite. then Throw the people crumbs to appease them.
I know I was better off three years ago, before the Democrats started their Doom and gloom Campaign and playing with the economy.
From one Bitter Democrat to the Democratic Leadership. Stop Exploiting and abusing the people.

If O were concerned about our economy, he would be acting NOW, he would quit playing games and attend the economic summit to which he was invited and used the same excuse…one president at a time! BS! Quit playing political games!!!!!!!!!

Whack Obama – he isn’t even in office yet. Put the blame where it belongs.
In case you aren’t aware the Republicans have been in office the last eight years. So who’s been exploiting and abusing the people.
How do you figure it was the Democrats who did the bailouts, Republicans voted for it also, including MCCAIN – a republican.
Look at the facts before placing blame. Obviously, you don’t who’s in office or who the president has been the last eight years.

smt – Ummmmm first of all the democrats have been in control of congress the past 2 1/2 years, whoa and didn’t they sure do a hell of a job! Can’t wait to see what happens when they control all three branches! not! (but I don’t suppose you have ever heard of checks and balances)
This recession was caused by sub prime mortgage lending, all the democrats idea of spreading the wealth. Bush was calling for regulation (I’m not sure if you are aware of this but that is the complete opposite of handing mortgages out to any idiot that wants to buy a house, thus not causing it).
Wow. That’s all I have to say.

Nancy Pelosi needs to step down. Obama wants to raise higher taxes on people making $250,000 or more. That’s BS. He doesn’t need to raise taxes at all. Why should we pay for the bail outs of companies that can’t keep their own records straight. Lehman Bros. Auto Industry and AIG. If the government can bail them out then they have billions of dollars to spend. They don’t need our money. And Obama isn’t fooling me. The tax increase will hit everyone not just people making $250,000. Who is he kidding. How about all the senators taking a 15% decrease in their salary. They sit on their butt doing nothing all day long getting big salaries. With the economy being so bad this is not the time to take people’s money.

hmm, evidently my comment got deleted.
:(
E-mail your Congressmen to vote “NO” on Car Bailout!

seah: You said a mouthful. But the public went overboard to vote Obama in office. They don’t know what’s coming to them yet but they will get a taste of it shortly. Before he became the nominee and listening to his speeches on the platform told me he would dictate to what he wants and don’t want. I believe I am right because Rep. Broun stated the same thing on the internet. Obama is dictating to the lobbyists already. And there is more to come. I didn’t vote for him and have no regrets about it even if McCain lost. The reason that Obama wants many of Clinton’s people is because he needs good training for the presidency. And they know more than he hasn’t learned yet. The majority of the young people think that he is so brilliant but they are going to get fooled. He will become a ruler instead of a president.

In case you aren’t aware the Republicans have been in office the last eight years. So who’s been exploiting and abusing the people.
How do you figure it was the Democrats who did the bailouts, Republicans voted for it also, including MCCAIN – a republican.
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Let’s see “how do you figure” ????
I know this gets hard for you liberals, but in these cases, we use MATH.
Very Simple MATH!!!
The Total Congressional (House + Senate) vote on the package
Dem. 211 – 72 75% FOR
Rep. 125 – 123 50% FOR
Now, that is HOW you figure it out.
By the Way, OBAMA also voted for it!
From time to time, why dont you look up at least one or two facts before spewing the same old rhetoric.

Mike_C: Your right. Both parties. Good thought. I’m with you all the way.

Well Maybe if we had a President for the last 8 years Be a President and care what was going on in our Country and stop trying to Dictate other Countries and stop DEREGULATING EVERYTHING And payed more attention instead of being an INACTIVE PRESIDENT We Might not be in these messes THANKS ALOT BUSH THANKS FOR NOTHING!

The 110th Congress was sworn in Jan, 2007, so that would be 1 year 10 months, not “2-1/2″ years.
The crisis was cooked in the books with the policies of the GOP policies long before, and the presiding president has had his way on tax cuts and deregulation for the past eight years…now it’s the dems fault?
The Great Depression, for a large part, was due to non-regulation of the banking industry, and the highly leveraged climate of Wall Street.
The current recession was fueled by lenders eager to turn mortgages regardless of ability for the borrowers to pay long term (such as ARMs that once balloned had only one outcome). And no one was watching (deregulation)
These mortgages were then flipped to other institutions who then carved them up and sold them as mortgage backed securities. Once the defaults started hitting, these became next to worthless, and trillions of dollars evaporated.
A lot of blame to go around, but to say that was caused by the dems in congress for less than two years is laughable.

it’s payback time, folks.

A lot of blame to go around, but to say that was caused by the dems in congress for less than two years is laughable.
Brian,
The point is that since jan 2007, they have controlled the agenda that goes on in congress. They have not in al that time put forth a bill that would have limited sub-prime lending and restored reasonable limitations on what any one borrower would be allowed to qualify for.
Barney Frank was the point-man for the dems on pressuring for these kinds of unsafe lending practices.
Certainly over the years as OFFF has shown, BOTH parties have chunks of the “blame pie”. But to sit there now and claim its all GWB fault is total BS!

“Wow. Lots of sore losers here today. LOL”
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LOL….you can call us that if you wish, but soon you & all sore winners wil be joining us.
Now there are no more scripted rallies to attend or flowery speeches to deliver, Obama is about to find out its MUCH MUCH harder to actually produce results thanit is to promise and blame!

The way a lot of us see it is that it’s not just the Republicans who are ‘losers’ but all Americans-well, except for Ayers, Wright, the Black Panthers, Sharpton, Dohrn, Jackson, Oprah, Walters, Matthews, Olbermann,,,OK I guess there are a lot of folks up there with a thrill going up their legs right now.
You’re right. When Obama is sworn in, he’ll wave that Clinton magic economic wand and fix everything.
Or, you can get a clue and follow the money and it goes right back to the Socialist operations of Fannie Mae and Freddie Mac with the Social Democrats sitting right on top of it. And the lazy-butt Republicans who have done nothing about the GSEs,,,there again, if they did, they’d be accused of being racists and not wanting poor folks to have homes, so I guess that was a no win proposition from the get-go.
McCain was right, I believe from what I’ve been able to figure out-swallow the bitter pill and buy up the bad mortgages to unfreeze the credit.

I’m a union member myself, but am well aware of the pitfalls of that noble endeavor. These union leaders tend to be political and corrupt and routinely get their workers more money and benefits—considering decades of union elections, that adds up to a heck of a lot.
Those things, however, does the worker no good if the company folds.

For those of you who saying let the American auto industry go under are showing just what kind of moron’s you are. If this industry goes under there won’t be any recovery in America’s economy. What a bunch of macaroon’s.

Bailed out Chrysler years ago what is good for the goose is good for all the ganders, do for one do for all or don’t do for anything or anyone. Sorry people out there if you don’t like it. It is just the way everyone feels. What is good for one is good for all.

If the purpose for bailing out the auto industry is to save jobs, then the government should only bail out the ones who didn’t outsource their labor to other countries. GM is one of those company that didn’t care about the jobs of those american citizens they laid off in order to out source to countries like mexico for a $1.50 an hour for labor, but GM what those same U.S taxpayers and others to bail them out. Now that is wrong on GM’s part.

Hey I got it!!! our country is in a financial freefall….LETS SPEND A FEW TRILLION!!!!

Hippie Smasher,
the country is already in a freefall,
and the Dem. won’t stop here it will go on and on until we are all poor and a socalled third world country.

Just the fact that Obama believes he is qualified to handle what’s coming shows how poor his judgement is.
Here is the first hint of the coming train wreck…he’s not even in office yet and he is being pushed into another theft (er, bailout) by the unions who helped destroy the very industry now being handed cash. Next move is this whole involuntary membership in those unions.
And to you ILOGHALU, you really need to back off the ridiculous rhetoric. Sarah Palin a terrorist? You are forgetting who Obama’s friends are, aren’t you. The hate that gets spewed toward her illustrates your unbelievable hypocrisy.
Posted by: Chris | Nov 13, 2008 6:41:58 PM
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And Bush has a MBA but the economy in the toilet. So what does that tell you about Bush are 8 years in office?