Stephanopoulos: What’s Next? Congress Mulls Four Options

By the end of the day the corrupt media will surely blame John Mc Cain for the fact 96 democratic house members voted NO for this bill.
My question is this. Why bother even have elections if the media is hell bent on rigging the outcome anyway ?

Here is the deal… are their seats SAFE come election time?
Among 38 incumbent congressmen in races rated as “toss-up” or “lean” by Swing State Project, just 8 voted for the bailout as opposed to 30 against

Republicans need to do their share and get 12 more House members.

the media is not rigging anything. Let’s calm down and remember that a Republican, Bush, has been sitting in the WH for 8 years! Re-elected, I might add, after starting a widely unpopular war! So, if the media has a true liberal bias, I’m sure they could have ensured a Kerry victory. This has nothing to do with the media. It has to do with the sheer incompetence of the GOP, Bush and now McCain. Nobody put a gun to his head and asked him to declare that he was going to troop to DC. Nobody asked him to march back to Ole Miss for the debate. He could have skipped it if he wanted to. Nobody forced him to pick Palin. If she can’t answer the Alaska/Russia question for the 3rd consecutive time, that’s the fault of the “liberal” media?! C’mon. Sometimes we need to get our head out of the sand and get a clearer look at what’s happening in the world.

Why is there no television coverage of the protests in the streets?
The banksters and the complicit politicians are losing their grip because the people don’t believe their lies anymore.
Let the uber rich bail themselves out. The rest of us will need to take care of each other because it is very clear that nobody else will.

pelosi, Obama and Dean have spent years
throwing Propaganda around to “Blame Bush” Blame the Government” for everything, even as they moved forward on destorying the nation.
If Pelosi and the Democratic/chicago machine want to take over the government and business and industry they will have to work at it, and not have it handed to them.

I believe Paulson was right, the consequences of not passing a bill and passing it quickly is worse by far than just passing the bill. No one really wants to do it, but it is clear that not only the U.S. market, but markets overseas are responding to this financial problem. Speaker of the House Nancy Pelosi should learn to keep her mouth shut. There was a basic agreement to put aside partisanship and do what was in the interests of the country. She apparently did not get that memo. Just could not wait to point the finger at the Republicans. From my recollection, the Democrats are the ones that instructed Fannie Mae to put 50% of its mortages in the low-income to low-middle income group, a group as a whole who could not otherwise qualify for a new home with NOTHING down. There are other underlying causes, so there is plenty of blame to go around. What really stands out in voters minds right now is the extremely low approval rating of the Congress, now controlled by the Democrats. That approval rating is lower than that by far than President Bush. Congress, in the House vote did nothing to disprove or improve the approval rating. It is well-deserved, for Republicans AND Democrats. Please get off your gluteus maximi and do the republic’s business, please.

i’m confused..earlier in the week liberals were complaining about Bush’s plan for 700 billion and bailing them out…using tax payers money , etc…now they are blaming REPS for not passing it..what the H E L L do you people really want?..do you know?

Carol ..well said..

@ infoseeking
I think the Republicans wrote the book on rigging the outcome of elections. You all must be running scared, all the old tactics are comming out. Blame the media, if the media was liberal, Bush and Co. would be in jail

How can it be that the two guys who got it so wrong right up until we were in the middle of this mess (Paulson and Bernanke) testify before both houses, but neither body saw fit to seek counsel from even one of the many independent economists who’ve all had it right for so long?

Carol & Lord Help Liberals – stop talking to yourself. It is so sick that you feel the need to make a fake person to respond in your favor.

Caroltoo – well said

Did I hear election rigging? Oh never mind. There is also a solution. POWER SHARING. Obama-President, McCain, Prime minister. Lol :)

Let’s leave McCain and his political opportunism (look like he’s fixing the bailout = economic boost)out of the next round of talks, shall we?
http://www.political-buzz.com/

This bail out is only a shock absorber, the crash will come sooner or laetr

LordHelpLiberals said: As for the war, are you idiots not remembering the attack on September 11th?!?
You mean the attack that had NOTHING WHATSOEVER TO DO WITH IRAQ?
Yeah, I remember it – I lived 5 blocks away. And I am still pissed off at GWB for dropping the ball in Afghanistan, and letting OBL escape – just so he could get some payback for daddy in Iraq. And then not even do that war correctly. Talk about screwing the pooch; Bush screwed the whole kennel.

I need to correct a factual error in my previous post: by the time George W. Bush leaves office, he’ll have had a Republican Congress for 3/4 of his presidency (75%). Not 2/3 (66%).
Blaming Democrats for the failure of this most miserable administration is simply untenable.

Nancy Pelosi gave a speech before the vote to derail the few Republicans needed for approval. Barack Obama continues campaigning and has done NOTHING to change the vote of some 93 democrats voting against the bailout—Obama has done nothing to rally full support of his own party!!!! Shock but no surprise. Both have none this to give Obama a lead and win the Election—neither care about America…just wealth and power.

And besides, Bill cliton created alot of jobs for Americans in the dry cleaning bussiness and still is I here. :) LOL
EX Republican

Nancy Pelosi gave a speech before the vote to derail the few Republicans needed for approval. Barack Obama continues campaigning and has done NOTHING to change the vote of some 93 democrats voting against the bailout—Obama has done nothing to rally full support of his own party!!!! Shock but no surprise. This is deliberate to give Obama a lead and win the Election—neither care about America…just wealth and power.

GEORGE STAPHANOPOLOUS
ANOTHER LIBERAL PUNDIT HEAD..
NOTHING HE SAYS HERE IS GONNA HAPPEN.
MCCAIN SHOULD STAY AWAY FROM THIS MESS.. THE DEMO CONGRESS IS EVEN MORE GUILTY THAN THE PRESIDENT BECAUSE THEY ARE THE LAW..
ID SAY PUBLIC TRIAL FOR ALL THE CEOS,’
GIVE THEM NO MORE THAN $300 BILLION FOR THEIR TRASHY ASSETS. GIVE EM AN I.O.U, A PIECE OF PAPAER, FOR THE REST. IF IT FAILS, TOO BAD, WE FIND THE CEOS AND MAKE THEM PAY..SELL THEIR ASSETS
ONCE YOU OVERTIGHTEN REGULATIONS, WE BECOME A MARXIST NATION..
THOSE ARE ALL OBAMA FRIENDS,,,FANNIE MAE, AIG, CROOKS… HE WILL THROW THEM UNDER THE BUS NOW..

Democrats have their fingerprints all over this socialist mess which intended to give housing to those who could not afford it…what is ludicrous is asking the very entity that caused the mess to fix it…we need to get government’s hands off our markets, and we would be alot better off.

Remember Reagan’s famous question?
Are you better off now than you were 8 years ago?
DOW 1-19-2001: 10,587.59
DOW 9-29-2008: 10,365.45
NASDAQ 1-19-2001 = 2770.38
NASDAQ 9-29-2008 = 1983.73
CPI, 1-19-2001: 175
CPI, 9-29-2008: 219
Dollar exchange with Euro, 1-19-2001: 1.068
Dollar exchange with Euro, 9-29-2008: .695
After 8 years of a republican president and 6 years of a republican congress, there’s not a whole lot to show for it.

“The original strategy of providing only emergency lending during a liquidity crisis made sense. Nationalizing financial institutions does not. When your neighbor’s house is on fire you lend him a hose; you don’t have him sign over the deed to the house before you help him put out the fire,” – Dean Martin, State Treasurer of Arizona. ~~ The failure of this bill today was a good thing.

Senator Obama was right we did take our eye off the ball as far as Bin-Ladin is concerned.Iraq was not where he was

The House was right to reject this sorry piece of legislation. While it is necessary to stabilize the financial system, there is no justification for rewarding the bad investment decisions of businesses and individuals. Do you think any of these potential recipients of the proposed bailout were ever motivated by the common good? No I didn’t think so.

I would rather see massive investigations into who told the banks to get involved in handing out loser loans, and prosecution of any and all policitians and corporate executives who profited from the fees generated by giving out said loans, I would also like to see any CEO of a bankrupted bank also prosecuted and their assets seized until it is determined they did not have a hand in sinking their company and profiting from it.

I honestly believe that Nancy Pelosi has a brain disorder…she and her cohorts won’t let us drill for our own oil, wants to hand billions over to crooks who already stole billions, and can’t even get her own party to back her evil schemes…

Perhaps it will take a great depression to wake up citizens to the fact that socialism doesn’t work.

Oh how I long for the days when the only trouble our president got into was a blow job. I love how republicans still bring that up. Are you still proud to be republicans? You finally have shot to hell the entire infrastructure of America. Our cities are falling apart, schools are failing and now a economic depression is looming
Thanks but no thanks to more of the same
Obama/Biden 08

How ABOUT Congress listens to the PEOPLE…we don’t want a bailout that REWARDS…irresponsible homeowners and banks!
Yes it will be a little rough, but the world is NOT going to end like the mediak portrays! And in the end ONLY the strongest banks and responsible homeowners will survive.

I watched the entire World News report on the economic crisis and the failed bail-out plan tonight. I can understand how the subsequent fall-out will likely impact every American in varying degrees, but what irritates me (and why I’m glad the bail-out failed) is why should the millions of Americans who have been frugal with their finances and avoided risky mortgages, etc. be heavily burdened with paying the price for those who knowingly or otherwise made unwise financial choices? I am especially concerned that the CEO’s of too many lending institutions made milliions personally at our expense and will never be held accountable. Regardless of the economic impact, why should I trust the American government to solve another crisis that private enterprise created AND “solve” it at the expense of taxpayers who may have had no involvement in the risky, if not illegal, activity?
Someone PLEASE answer that for me.
By the way, I am a Wachovia customer.

Ann said:
“Nancy Pelosi gave a speech before the vote to derail the few Republicans needed for approval [and] to give Obama a lead and win the Election.”
Of course, Ann. And because their feelings were hurt by what Pelosi said, those poor, sensitive Republicans decided to vote against the best interests of the country, as well as to help Pelosi get Obama elected, by defeating this bill! Is that what you really believe? Please. Since when has any Republican cast their vote based on what Pelosi says?

The best option is just to vote again and to see if the Republican neocons want to vote for another trillion dollar one-day loss in the stock market.

Obama is sitting back watching his party emplode, unable to deliver a bill that they don’t need any republicans to pass, his way of helping out, is saying, just call me if you need anything…lol what a dolt.

Vote Tally:
Dems: Yes 140 Repubs: Yes 65
Dems: No 95 Repubs: 133
More Dems than GOP voted for it.
More Dems voted for it than against it.
This is a GOP failure, pure and simple. McCain’s leadership: EPIC FAIL.
House Minority Leader: EPIC FAIL.
House GOP: Country Last. Election First.

When you are on the brink of the second Great Republican Depression in U.S. History, it’s the worst possible time to have a lame duck President. George Bush is the lamest *uck this country has ever had.

Susan – One slight problem: $85,000,000,000 divided by 200,000,000 people = $425 per person, not $425,000.

Malacandra,
What about me? I’ve got a 401(k) and I’m NOT a Republican.
Sure would be nice to be able to afford to retire someday…

Well, it’s obvious that the media is in favor of this insane “steal from the poor and give to the rich” tax bill. Why *are* there no mentions of the protests, the flood of emails, calls and letters to elected officials or the fact that Americans oppose this ten to ONE!

John McCain early this year said he would pick a VP who was strong on economy because it was his weak suit…Look out, here comes Palin to save the nation.

Rose – Americans (and you) don’t understand the full consequences of the Bill. You must not own a small business, need to meet a payroll, have a crop to plant or harvest, etc. The credit market is frozen and it is hurting small businesses and middle class America. We will ALL be poor if something doesn’t give.

When you’re in a hole, the first thing you do is stop digging. By rejecting this bill today, the House finally stopped the federal government from digging a deeper hole.

doug- I have as much confidence in that as I do in the Wasilla Hockey rink turning a profit.

“why should the millions of Americans who have been frugal with their finances and avoided risky mortgages, etc. be heavily burdened with paying the price for those who knowingly or otherwise made unwise financial choices?”
Because it is your job and your house that will eventually be in jeopardy because of this. Markets will slow down, demand will decline, inflation will increase, companies will shut down and unemployment will rise.

are we somehow starting to take our country back—-i rather it end now than another lifetime in debt.paying this money back

*** The credit market is frozen ***
Really? Then why is my bank trying to get me to take out a home equity loan and offering incentives to do so?

I am proud of the republican’s and democrat’s that voted no…..they should be able to keep their jobs even though they’ve been part of the problem. Any congressman who thinks dumping a pile of excrement loans into our pockets and allow the banks to walk away should be escorted out of the building immediately! These banks should fail! That’s capitalism! The federal reserve will make us pay for our insubordination….they are the private banks we now call government who started the printing presses today, to degrade our dollar. They are hoping the next few days will scare us into submission…..Bernake, how dare you to try and scare the people into taking these loans! For now….I’ll take a tent if I have to. Sacrifice??? Would that be asking too much for your kids? Don’t you think maybe we’ve spent too much? Na, lets spend some more!!!

I’m a little confused. It seems to me that partisanship is playing a huge part of the replies. When one looks at the polls the majority of Americans were against this bail-out. But when one reads these posts and news reports, everybody is jumping all over the Republicans for not supporting the bail-out. You would think that more people than not would be happy about this given the polls.
What about those Democrats that didn’t support the bail-out? Are you going to dog on them too?

Why did the Democratics instruct, from the House floor, the 16 freshman Dem’s up for tough re-elections to vote ‘No’?
Why did 5 Democratic committee chairs vote ‘No’?
Why is a significant chunk of the 95 Dem’s Pelosi ally’s?

McCain at least tried to do something constructive. Harry Reid played politics, saying first he wanted McCain to come, then tried to blame him for interfering when he did show up.
Pelosi should have not attacked Bush when a bipartisan effort was needed.
She made quite an error trying to scapegoat Bush in her speech in Congress. She was given one minute, but took 12!
Bush tried to reform Fannie Mae in 2003 but was blocked by Democrats. McCain tried to reform Fannie Mae, but was also blocked. Democrats ran Fannie Mae right before it went into the dirt.
And Pelosi and Barney Frank are not doing so well now in their roles as leaders.
They are all Democrats. Obama has continued campaigning as if nothing is happening.

Isn’t it kind of strange that the Democrats want to bail out Wall Street and the Republicans don’t?
How many months to the next guaranteed financial disaster?
This morass has been aided & abetted by Democrats & Republicans every step of the way for at least the last 15 years. All while sticking it to the small guys with revised bankruptcy laws, elimination of usury laws, etc., etc. Partisan, non-credible politics is destroying our country, and there is no reason to believe this bill isn’t more of the same B.S., especially when ramrodded down taxpayers throats with no details, making one of the key culprits the kind of the new $700B kingdom.
The bill didn’t muster public support because it doesn’t pass the smell test. (And people have finally had enough)

The other day, my dad (who is 95) and i were having coffee. We were watching a morning news show and they were talking about the bail out. Out of the blue, my dad asked a very interesting question. Instead of taking 700 billon of the tax payers money and bailing out the rich, why dont we use the money to save social security and medicare. wow, 95 years old and still on top of things.

If bush had and testicle fortitude, he would do exactly what FDR did and seize the rich crooks money. but we all know that will never happen. bush is one of the crooks.

News reporters called today’s failure to pass the bailout bill a failure of government. I call it a victory of government by the people. The failure is in the court of the executive branch. Paulson knew of this for many months and likely for several years. He failed to take steps to avoid this. Then he compounded the crisis by announcing a made up deadline. We can easily place the blame for this on the shoulders of Paulson and Bernake.
As for the house vote, I watched the testimony today and the nay votes were there all along. Pelosi’s spoke strongly in favor of the bill. Her condemnation of the executive branch was a convenient way to shift blame.
This bill is necessary only if we refuse to consider alternatives. Scrap the Paulson plan and start over. Since the concern is to get loans flowing to American businesses, find a way to fund regional and local banks all across the country and cut out those who perpetrated this debacle. The market will hand them their verdict.
We need options for those in default of the mortgage. I further suggest that every adjustable rate loan in the country be given the option to renegotiate into a fixed rate without qualification so long as their payments are on time. If homeowners are making what ever sacrifice they need to in order to keep their home then we need to allow them to continue to do that.
As for Paulson and Bernake, they need to be stripped of their positions. There is no way that they were ignorant of this situation more than 12 months ago. I suspect they knew it was coming for several years. But they did nothing. They allowed it to brew to a crisis and then used it as an attempt to grab still more power. Replace Paulson and begin the process of minimizing the power of the Federal Reserve.

There is another option not mentioned in this article. The House Republicans held up an already written bill that accomplishes the same thing as the bailout without the incredible pricetag. They have done the work. They have repeatedly attempted to present it. In the eyes of the media and the house leadership (on both sides of the isle) it does not seem to exist. Why is that?

Repeal the insane CRA of 1977. Eliminate naked short selling. Revise mark to market to be less stringent. And fire the imbecile banking committee Democrats who denied the problem in 2004 labeling naysayers as racist. Oh, and Pelosi is a massive liar. The Democrats should find a new Speaker who knows how to get their committee chairs to vote if they want “emergency” legislation to pass while they’re in the majority.

can anyone imagine where the working men and women of our country would be if bush had gotton his way and done away with social security for his stock market plan. geez.

Pelosi did a very poor job of managing the bill and ultimately failed to get it through the House. She couldn’t even convince her own democratic majority in the House to follow her and vote for it. Clearly Its time to have a new Speaker of the House who is up to the job.

McCain has talked about Privatizing Social Security then tried to shy away from it. Now he’s saying he will put a spending freeze on all government programs except Defense BUT he would say what programs they would be. I hope Senior Citizens and everyone that receives some type of benefit assistance from the government better know exactly who they are voting for because McCain is not the Straight Talk Express, he’s more like the ” I’ll tell you anything to get election” train wreck.

Chill……Sarah will sort it out.
Lets start using crabs as currency.

The news that the White House wizards were conference calling their financial wizards and assuring them the oversight and the CEO earning provisions were toothless should kill this thing.
Dems should write their own bill that is progressive and helps real people.

The saddest part of all this is that there are people in power who will stop at nothing to achieve their goals. I’m talking about a certain female speaker who deliberately side tracked this bill with partisan bullying in order to find an excuse to add the Democratic agenda perks to the bill, cram it through by arm twisting their own party members and get the Democratic presidential choice elected in November. Welcome to socialism that will ultimately kill a free society. Unless………..

I’ve said it a lot of places, and I’ll say it here. Batten down the hatches. Get ready for another Republican caused depression. The stock market alone lost over one Trillion dollars today.

Nice try, traci – the old scare the old folks tactic. If you have the guts, read this NY Times article and weep:
http://query.nytimes.com/gst/fullpage.htmlres=9E06E3D6123BF932A2575AC0A9659C8B63&sec=&spon=&pagewanted=print
And then try some effort and research what has been happening to F & F the past 15 years or so. You’ll see what the Democractic policy of ‘affirmative affordability’ has wrought.

Why are there only 4 options? For one thing, why do we want a bad bill passed? And secondly, for all the great economic minds that we have in our country George Stephanopoulos can only come up with 4 options as presented by Congressional sources? Please … depending on our Congress to do anything right is like asking pigs to get out of the mud. It just aint gonna happen.

JimT
lets see, a stock market that is down 7% and might go down nother 7%, compared to a social security that will go bankrupt in 10 years? And will be total gone in 25.
If you think this mess is a crisis, what until social security goes Trillions in the hole! Oh and the “safety box” that is social securities “assets”. IOUs from general revenue

Which ABC/Democrat nitwit wrote this tripe? Stephie?
The only thing needed for clenchjaw Pelosi to pass the stupid bill is to get 12 of her BCC racists to vote for it. They are in the safest districts in the country – gerrymandered high-majority black districts, where they get 100% of the black vote and most of the white nitwit/liberal vote. They all voted against it!
Jesse “Kung Fu” Jackson won reelection in 2006 with 84.8% of the vote – if O’Bambi and Pelosi can’t get that idiot to vote the way they want, neither of them deserves their office. He’s functionally retarded and couldn’t figure out the economics of a lemonade stand.
This blog is a fraud and a lie. This issue is about liberal, nitwit Democrats, and nothing else.

So, let me get this straight…. Our economy is in the toilet, the market lost a record 777 points today, Republicans AND Democrats can’t come to an understanding on how to deal with this mess, but, HEY it’s a holiday so they are going on a little break??? Give me a break!! Clearly they all care deeply about our country. If they care as much as they claim they should have voted to stay in Washington until SOMETHING was figured out!! Anybody else feel let down??

Reminds me of the Scribes and Pharisees in power during the days of Christ. They had all the information to make the right decision but where blinded by their own political mortality. The same arrogance in our Congress could be catastrophic. But all will be well…the politicos will still be getting a paycheck.

Dont worry the one is coming and like wow dude everything going to be groovey dudes!

Let me get this straight…the dems have had a majority in both the senate and house (nearly 2 years)and could not get a bill passed (94 dems nay to 66 repubs nay)so they blame the repubs…so who are they going to blame when bush is no longer president and obama is??? At least I will have the satisfaction of saying “Hey..I didn’t vote for him.”

I like the idea of
“financial decision-makers must show their losses in real time”. At least it will help to proactively manage the risk.

When we borrow from the banks we pay interest. How much interest do you think the banks will pay to taxpayers? For years banks have capitalized on credit card interest rates, penalties, mortgage late fees and seized assets. Somebody made a lot of money here. Why can’t they bailout the banks? Remember 4% controls 95% of the wealth of our country. Let them do the “patriotic” thing!

I’m not in favor of bailing out Wall Street. However, I don’t believe it’s responsible to fiddle while Rome burns. The warnings were too late. The regulators didn’t do their job. SO WHAT? If we don’t do what we can, the economy may come to a screeching halt. Hold your nose and let them vote for it. Winning the vote may mean losing the overall war—and that means people lose their life savings. The rich will still be rich. The rest of us will be the ones that suffer.

I am sick of the Republicans. I am sick of the Democrats. I am sick of the blame game when both parties are equally responsible in this mess. Since Carter all of our Presidents have embraced deregulation of varied industries on their shifts. We deregulated the banking industry under Clinton, gave a steroid injection to the Community Reinvestment Act and put no good consumer protections in place in the late 90′s with the support of both Repubs and Dems. We had McCain in 2005 ask for more regulatory oversight of Fannie and Freddie as it became apparent there were problems brewing and the Dems squashed it. I hate Phil Gramm but I also hate Phil Gramm’s boss, David Wolff, who is an advisor to Obama. Both parties are up to their neck in campaign contributions from Wall Street, in particular those on the banking and finance committees, and this year the Democratic nominee Obama has the dubious distinction of getting more money from Wall Street then his Repub opponent. You have Biden who is is bed with the credit card industry and has been for years. I am not a fan of the Repubs, in fact I expect little if anything from them, but I’m sick of the Dems taking every bill and decorating it like a Xmas tree, thinking we’re stupid enough to believe they can cut taxes and spend on new programs and the hypocrisy of people like Pelosi today- who gets campaign contributions from Wall Street, has personal investments in AIG and has the audacity to take no share in the blame.
There’s enough blame to go around and she’s no innocent and is already putting personal investments in T Bone Pickens. They’re all in bed with Wall Street, both parties, and if there was ever a time for a third party it is now.
Whoever gets in no doubt will be a one term President so now’s the time.

Those who think that this bailout plan is a plan to bailout Wall Street or rich people, please rethink again. You guys will be crying and begging once you realize that you can not obtain any more mortgages, credit card loans, student loans for your kids, car loans, etc. Those of you who have 401K accounts, good luck looking at the negative return on your accounts. This bailout package, as much of an evil it is, is very necessary to restore the financial market and bring things to normal again. Otherwise, see you guys who oppose these bailout in unemployment lines. By then, it will be too late, even the govt may not have money to pay the unemployment benefit. Good luck!

So there solution is to add MORE PORK to the bill, and try again!!! Jesus, no wonder our country is flat broke. Vote the bums OUT NOW! Or watch this country turn into a failed state overnight! Everybody who voted for this bill needs to be dismissed from office. Bailing out billionares while others live in their cars and tents in public parks for the 1st time since the last depression is NOT a record worth a second term… Or ANY term!!!

TO A conservative Christain Voting for Obama,
Are you SURE you are CONSERVATIVE and CHRISTIAN? It seems to me that CONSERVATIVE and CHRISTIAN is not in the Obama dictionary.
If your support is for Obama, that’s your choice.
But identified yourself as CONSERVATIVE and CHRISTIAN and vote for Obama is MORONIC. Policies and beliefs are TOTALLY incompatible.
I have seen these blogs and have concluded that MOST of these are paid Obama operatives. So, I refrained from commenting. But your post caught my attention, I just have to reply.
NOTHING’s PERSONAL… Just COMMENTS.

Even as a Democrat but an American first, I find it despicable that Nancy Pelosi would flame passion and derail and sabotage the vote – just to advance the political prospects of Senator Obama.
Enough is enough for me with the Democratic party- I still will not support the Republicans – but will vote for John McCain this fall. I was leaning- Nancy Pelosi pushed me over.

The meltdown was brought about by libs like Dodd, Reid and Obama who voted FOR the CRA which forced banks to make risky loans to minorities AND which led, as well, to their giving mortgages to illegal aliens (who helped start the subprime debacle). McCain has refused to hammer this home. To win, he MUST tell the American people “why” the meltdown occured and “who” brought it about. Clinton was President when the CRA was created, not Bush 43.

– Facts are facts…since the dems took over Congress—-we have flown downhill at speeds superman would be proud of. Politicians are bad, but the dems are the worse. –
You have got to be kidding! What ‘facts’ are you referring to? The fact that the democrats tried twice to pass legislation which would of, among other things, closed the enron loophole and brought gas prices back down immediately, only to be vetoed by Dubba?

A good economic plan would eliminate some of the blame game in the congress and allow them to take credit for doing something intelligent. 1) modify the mark to market calculation using a financial range spliting loan valuation bundles over a 5 year range,and include only the first year on the balance sheet with a note that the remaining 4 years are not valued due to unstable market conditions. 2) Have congress fund one year at a time as the value changes annually. The loss to cash ratio would be smaller and provide time for assets to increase in value. At least in theory it could work but one needs courage to try, in times of hardship.
Good Luck.

when a country falling a sick or crisis,what we should do at once ?what is the main resolution or necessary methods so as to cure quickly and correctly?
any super person didnt vote if he really owns the responssiblity to the society and the sense of the common american people ?
we can observe the result of hesitation . what is the really judgement,can lead this country with decent acctions?
shame the politicians who only publicly rebuked others and didnt vote
the bailout and a month or a year later we can view those results of hesitation.

To Voter in America. Yep. Been a Christian since I got caught in a house fire and while in the hosiptal he saved me. I have walked with him and is a card carrying Baptist (smiling). As an Amnerican, I believe in the conservative values. But as an American I also know that Republicans are not the only ones who have conservative values. My family and I are definitely conservatives and guess what? We are definitely voting for Obama. No offense taken!

– Enough is enough for me with the Democratic party- I still will not support the Republicans – but will vote for John McCain this fall. I was leaning- Nancy Pelosi pushed me over. –
Oh, this is priceless! You base your vote on what SOMEONE ELSE does!

ummm.. dem’s have a majority… why arent they passing whatever they want?!? This is ridiculus that 3 out of the 4 options are meant to push republicans into supporting this crap plan…

forget the blame game. And forget “tweaking” the bailout bomb – err bill…. It needs to be scrapped and we need to start over with something that might make sense.
Here is what I propose: The “bailout”should instead be a bank incentive: The banks that are willing to (a) lower the principal owed on loans for each house based on the drop in price of the house due to the “bubble” and (b) lower the interest rate of the ARMS to a fixed rate conducive with the market rate perhaps with the credit score factored in somewhat – will in turn be backed/insured by our government and the “bailout” money that would have been included in the wall street bailout will be used as incentives to the banks for (a) and (b) above, to offset the losses resulting from (a) and (b) above. Banks that do NOT participate will be on their on – no backing, no incentives.
In fact, further incentive should be provided to the banks that are willing to take over the home loans , and apply (a) and (b) above to those loans -from the banks that do not want to comply. This process should be overseen and regulated. Additional incentives would be avalable to banks that would also reduce their banking fees, to include dramatically reducing their credit card late fees.
I think that this type of measure would help to stabilize and even improve the economy – bringing home prices and the housing debt back to a reasonable level, keeping afloat the banks that are willing to participate in the endeavor, and allowing the people of our country to get back to their daily lives. With the “panic, doom and gloom” behind us, we could resume spending money- maybe a little more cautiously than before, but nevertheless, get some money flowing through a currently stagnating economy.

Let me get this straight: The same Democrats who say Bush is a liar who misled the country…who say that Congress didn’t take its time on Iraq…who say that the press didn’t take their time and investigate Bush’s claims–NOW want this huge spending bill to be passed ASAP because Bush says the world will end if it’s not? Kind of ironic, dontcha think? (Should we call them Alanis-Democrats?)

Colonel Reb says to keep Barney Frank, Nancy Polosi, Harry Ried, and Charlie Rangle in front of the cameras until election day. Keeps Obama/Biden/Ayers/Dorhn/Wright/Fleger out of the headlines. Should lead to a nice Republican sweep of congressional elections and a McCain victory.

This whole mess was created by the Dems when they blocked attempts to clean up Fannie & Freddie in 2004. Now they are doing all kinds of stunts to make it look like its only the Republicans fault. Please check this link to see the video on how the Democrats blocked the clean up proposal in 2004.
http://hotair.com/

Please take a few minutes and watch this to the end. It is crucial to our country.
http://www.americanthinker.com/blog/2008/09/burning_down_the_house.html
Everything in this video is true. You can Google the information as fact.
Let us take our Country back.
Please pass along – post on websites, blogs, chat rooms, your friends.

Obama didn’t call any house democrats before the vote. Obama showing no leadership.

This is Pelosi’s fault. It’s quite obvious she is not fit to be in such a powerful position. They had the votes until she used a pre-vote speech to trash the right. What happened to “Civility” and “Integrity”??? She’s a brilliant example of what’s wrong with the left.

First business credit drys up and the reaction is to lay off employees, then that laid off employee takes his credit card to buy cloths for his children but finds out that the credit card company just lowered his credit so now he has to pay with cash which he doesn’t have because he has the same brain matter as sarah palin and thinks that he was sticking it to the rich when in fact he was sticking it to his own kids.

I looked at those four possible new options for another attempt, and thought to myself- they just don’t get it. Tricky new ways of voting, and slight tweakings don’t cut it. This bill needs a major overhaul. And don’t blame it on Obama and the Democrats, Mr. McCain. Your own party is mostly at fault. After all, it’s their President’s bill. Passing this bill as it is gives Wall Street a permission slip to do it all again. Start over, and this time don’t take the citizenry for fools. “The future doesn’t belong to the faint-hearted. It belongs to the brave.” — Ronald Reagan

Its pelosi’s fault, its McCains fault, its Obama’s fault. Junior shut up and eat your cat food.

THE PROBLEMS= WITH A DEPRESSION IS THAT ITS THE MIDDLE CLASS WHO GET SCREWED, THE POOR WELL THERE JUST A LITTLE MORE POOR AND THE RICH WELL THERE JUST A LITTLE LESS RICH BUT THE MIDDLE CLASS THERE SCREWED.

Pelosi’s fault ? how many americans strung out thier credit cards, how many americans got mortgages they could not afford. Yes the blame lies with the stupid segment of the american population also.
STUPID IS AS STUPID DOES.

Let them go back to work on this bill in the morning if it’s so imperative that we get something passed. Oh, wait- I forgot! Tomorrow’s a holiday…………….:-(

Options:
1- Nancy Botox and Barrney the purple congressman already tried that, it failed
2-Harry won’t do any better than Nancy.
3-Samll tweeks won’t save a flawed bill that gives away the store.
4-I’m sure they will be happy to commit political suicide, too
5- How about a bill that isn’t a transparent taxpayer rip-off.
It’s a bit funny that all the democrats on abc screaming against the bailout last week now seem to desperately want it now that the republicans killed it.

– Was your post meant as a joke? If not It really explains the recent presidential polls. –
Absolutely Nicole.. My wife received one of those e-mails at work and passed it along to me.. I took one look, and said, that would be great, but the math is wrong and with the price of gas, I doubt we could take much of a vacation on $425!
Some people will just believe whatever they read.. look at the McCain supporters!

From:
Head of State
http://headofstate.blogspot.com/2008/09/great-moments-in-american-history.html
Monday, September 29, 2008
Great Moments in American History
The Signing of the Declaration of Independence:
House Republicans: “We were going to sign. We were. We had dipped our quills in the very ink. However, it was then that John Witherspoon made a rude noise, directed at our very standing area. Therefore, we refused to sign.”
The Gettysburg Address:
Lincoln: “Four score and seven years ago…Why are you looking at me like that? No, I mean like that. Don’t look at me like that. I refuse to continue.”
D-Day:
General Eisenhower: “Men…off the carrier and to the shore! No…No…I said it nicely. I was just trying to be enthusiastic. No, I didn’t mean that you wouldn’t get off the carrier. No, that’s the usual tone of my voice.
Man’s Landing on The Moon:
Neil Armstrong: “That’s one small step for man, one giant…What, Buzz? No, I’m not trying to imply anything. No, I’ve never even thought about that. Yes, we all have the same size suits. No. Size 9. Yes, double E.”
The Stabilization of the American Economy in the 21st Century:
“You hurt our feelings.”
From:
Head of State
http://headofstate.blogspot.com/2008/09/great-moments-in-american-history.html

I find it funny that the vast majority of Americans do not want to see this ‘bailout’, Congress is doing their best to push it through. The sky is not falling. Banks are still lending. Homes are still selling, mortgages are being given out.
The crisis seems to be in Washington, and it’s not the working Americans they are trying to bail out, but the big contribution spenders and lobby money and those who were irresponsible in the first place.
In the end, it will be the taxpayers who get hurt, particularly the ones who were responsible with their money and had nothing to do with the current crisis.

Liberal democrats are playing political partisanship for their hunger for power, blaming Republicans for Democrats incompetence in leadership. When McCain proposed regulation of Freddie Mac and Fannie Mae 3 years ago Democrats vehemently opposed it now Liberal Nancy Pelosi blames Republicans?! Democrats are spinning this and hoping on the naiveté of the American people.

The democrats screwed us all with the Freddie and Fannie and pushing for weakened lending practices so minorities and others like spectualators could buy homes despite bad credit.

I buy the doom and gloom to a certain point………….but dont think the bail out is the answer and still thinks it has to many stupid add ons.

The first thing any new bill should say……………….is not government support or pushing for subprime loans. In order to get a loan, you will actually have to have a decent credit score and probably some money to put down.

to hide the fact of his involvement in both the saving and loan scandal and the current economic mess mccain talks about benchmarks when his actions in both of these mess have cause the usa almost a trillion dollars.
wake up america his talk about benchmarks is a smoke screen.

No one wants the bailout. Lord knows those bozos don’t deserve it after running those companies into the ground. But without it, there “will” be doom and gloom. If there is no money available for businesses to get credit, many will be forced to close, there go millions of jobs. Banks are already experiencing problems. Forget getting a loan to buy a new or used car. The government does not have the money to provide millions of people with unemployment checks. Welfare would go out the window too. It could get real bad.

“Country First” isn’t this the current GOP slogan – right? Well, if that were true then – how do the Republican’s explain that the bail out rejection vote they led in rebellion is a good thing for this country when the headline financial news today reads: “The final stock carnage [today] far surpassed the 684-point drop on the first trading day after the Sept. 11, 2001, terror attacks.”
I’m renouncing my life-long membership to the GOP party for their arrogance and failure to broker an agreement when so much of our country’s [financial] reputation as the leader of the free [market] world is at stake. Free-market ideology is what has blinded them to the need to vote ‘yes’ for the bailout; despite compelling recommendations to the contrary from acknowledged financial experts.
Also, Pelosi’s speech is not an excuse for my home party to act so stupidly. GOP party leaders like Rep. Ginny Browne-Wait, R-Fl should be put up for immediate recall for their antics today and statements made today concerning the bailout vote: “We have a gun to our head,” said Rep. Ginny Brown-Waite, R-Fla., who opposed the bill. “This isn’t legislation — it’s extortion.”
Apparently, any Republican today who voted ‘no’ for the bailout bill has not a care in the world for their retirement savings, their financial security or that of ‘main street’ nor a concern for the financial reputation of the USA in the global market sense.
Watch what happens next – their actions will have caused a global melt-down in the global financial markets immediately following their stupid decisions today.
Net, net – I’m gone from the GOP party – permanently!

By the end of the day the corrupt media will surely blame John Mc Cain for the fact 96 democratic house members voted NO for this bill.
My question is this. Why bother even have elections if the media is hell bent on rigging the outcome anyway ?
————————-
Are you for the bill? What are you ranting about? If McCain wants to help pass the bill perhaps it would be good if he had a bit of leverage in his own party. A lot more republicans voted No then democrats.

How about option #5? Stay the hell out of it. You have screwed it up enough already. Let the market work for heavens sake instead of hobbling it with all of your fiscal idiocy. Giving you people money is like giving crack to an addict.

Jim: “I agreed with Obama not working on the bailout deal but how dare he campaigns today and don’t do anything!”
Don’t be stupid. What else could he have done? Stormed capital hill with his press pool in tow like McCain? The Senate is onboard with the bailout. The Democrats got a large majority of their team on board. The majority of Republicans were not on board. Do you think Obama would hold more sway with House Republicans than McCain and Bush?

…don’t give a crap about my 401K, it’s been losing ever since Bush took office and I’d lose it ALL just to have the satisfaction of these Rich SOBs losing something.
Hit em where it hurts. NO BAILOUT. Call your Representatives and let them clearly understand your position.
NO BAILOUT FOR RICH WALL STREET SOBs.

Quoting Carol:
” President Bush inherited a mess left over from Bill Clinton, who was a colossal disgrace to our presidency. His administration reaped the benefits of President Ronald Reagan’s efforts. As for the war, are you idiots not remembering the attack on September 11th?!? It was unprovoked and the retaliation was UNANIMOUSLY voted YES!!!And don’t forget–President Bush has been fighting a liberal Democratic Congress at every turn. ”
—
It’s hard to know where to begin. Dear, are you suggesting that the benefits of Reagan skipped four years? You DO realize there was a president, and a recession, between Reagan and Clinton, right???
Second, the “attacks of 9/11″ had nothing to do with Iraq. Um … you DO realize that those attacks were perpetrated by mostly Saudi nationals, who had no ties to Iraq, right? And as for the “retaliation” being “unanimous” — that may be at least close to being true regarding Afghanistan, but the 2002 Joint Resolution authorizing force against Iraq passed 77-23 in the Senate and 296-133-3 in the House — hardly unanimous.
I swear, the more I read the ravings of rank and file Republicans, the more I wonder whether they’re just dumb or willfully ignorant. It’s kind of depressing.

I am an owner of a small company of just 4 employees who lives off of just $50,000 per year. I have saved enough revenue for my business to last for the next two months. As of today, 80% of my customers are 90 days behind. As a sub-contractor, this economy has adversely affected my ability to provide for my family and my employees. Could I have done more with less employees, yes. Could I have charged more to my customers, yes. Perhaps I’ll have to adjust but, don’t think that this financial crisis doesn’t affect main street because it does. The conservative republican’s had since friday to influence the bill so that it would get passed. This failure of NOT passing the bill belongs to the House Republicans. Since my Congressmen voted for the bill, I am left waiting. If nothing changes, I will let employees go and they can file for unemployment, we can pay for that instead of a bailout and hopefully they’ll get another job. If we do nothing the market will correct itself but, I wonder if we really understand just what that means.

The fundamentals of the McCain campaign are strong.

Has anyone thought, even remotely, how the counrty intends to pay for this ? Taxing the rich isn’t enough.

I’ve dealt with my share of adrenaline-infused panic at work over the years. It’s nice to see congress really working and earning their money for a change.

This whole bailout starts from GREED…from the top of Wall Street, south to Washington D.C. and all throughout America where greedy real estate agents sold bad mortgages to greedy people who couldn’t afford the mortgages and thought they could get something for nothing.
Let’s all take responsibility and blaming everyone.
We need to clean up wall street, clean up Washington, and teach Americans that the only way to prosperity is through hard work. No more free lunch!
McCain Palin 08

Time for a new National Anthem ? How about AC/DC’s Highway to Hell ?

Even as a Democrat but an American first, I find it despicable that Nancy Pelosi would flame passion and derail and sabotage the vote – just to advance the political prospects of Senator Obama.
Enough is enough for me with the Democratic party- I still will not support the Republicans – but will vote for John McCain this fall. I was leaning- Nancy Pelosi pushed me over.
Posted by: American Voter | Sep 29, 2008 10:06:32 PM
__________________________________________
OH PUHLEEEEZE!
As if you were EVER a Democrat. It’s hysterical that Republicans can’t even grasp the basic tenets of why Democrats are Democrats and then dress up in “drag” and pretend they are “converting”
The only thing you were hoping Pelosi would do is “push you over” and work you up with a strap-on. and a reach-around.

Umm, no Ron, it won’t correct itself and it will affect you. You have people like Suze Ormann going on TV to try to explain to brilliant people like yourself just how exactly its going to affect you.
Have any unused credit on your credit card limit you were planning to use? Well plan differently. One of the first things banks will do is start taking that away. All businesses rely on credit to operate. Their lines of credit have been suspended, so many small and medium sized businesses won’t make payroll.
Now maybe you don’t want to listen to Bush (who is admittedly a moron) but Bernanke is a knowledgeable guy and an expert in market crashes, and he says all this will come to pass if something isn’t done. And its not clear to me that Suze Ormann has a horse in this race, and she says this is what will happen if something isn’t done.
For those who object to the cost, your tax dollars are already being used to cover the accounts at banks that fail (remember the FDIC) and US investors lost $1 trillion just today–more than the cost of the bailout. And there will be more losses later in the week.
For those who think “it won’t affect me so I don’t want my tax dollars used” well if the losses today aren’t enough to sway you, wait a couple of weeks, and you might lose your job. Or maybe only wait until the end of the week when you can’t buy groceries or get gas because your credit card will be declined. You’ll think again. Let’s just hope its not too late at that point.

No bailout for Fannie and Freddie. Remember, Enron, same problem, different time. Send the crooks to jail and fine them for the billions they took. Obama, Dodd and the democrats should pay for the mess they let happen.
Next time listen to McCain, he warned the nation about this pending situation in 2005.
McCain/Palin – Country First !!!

What happens to people’s savings if the bill don’t pass. This article makes it sound like they didn’t mention it at all.
Posted by: Hemi | Sep 30, 2008 12:31:36 AM
___
Hemi, your savings are FDIC insured. This is about the government “buying” all the bad loans made to the public that the public has or will default on. Your savings are safe…up to $100,000

This bill is fundamentaly a bad deal for the taxpayers. Thanks goodness that democrats and republicans stood their ground and killed it. It’s the Wall st. version of Iraq WMD’s. Why are the democrats now so in love with it ? Oh, I get it, they automatically love it now because the repubicans voted against it. They hated bailouts last week. They love them now.

McCain and his campaign are a team of the most prolific liars in modern political history… and it appears they are spinning out of control!!!!!!!!!!!!
McCain is not the one lying,McCain inroduced legislation in 2005 to prevent this crisis from happening..the Federal Housing Enterprises Regulatory Act of 2005 which would have prevented this crisis…and while he was trying to help the dems had their hands in the cookie jar and so the bill never made it out of committee.. McCain wants to bring jobs to american…How can he do that if we have a capital gains tx 30%-35% then other countries? where are the jobs going to go? Until we become competitive with china who has a 0% capital gains tax we will never regain our good paying, hard working job…why should the business man lose $350,000 pon every million he makes when he can keep the whole million in china…this is why mccain wants to cut capital gains tax…to keep your job here…and to bring other jobs her…You see it’s not a tax cut for the rich it’s an incentive for the rich to built in America

When people lose the confident, it’s game over for Wall Street and then Main Street. I converted all my investment including my sons’ 529 fund last Friday after bought 2500 shares of WaMu on Thursday and lost almost $6000 on that Thursday night when the FDIC seized the Bank and sold to JPMorgan 1.9 Billions and investors got nothing from the deal.
Would you like to invest anymore especially Bank Stocks? For sure, I won’t. I would rather gamble in Las Vega, at least I can enjoy and have some free drink.

People, get a grip. Does it suck, yes! However, you are the one that will pay and pay hard either way. It’s the way it is and the American people are partially to blame. They didn’t mind the abuse on Wall Street and in the banking industries as long as they were getting sweet (unreasonable) deals on loans (mortgages, cars, credit cards). Everyone has been spending money they don’t have and now it’s all tumbling down. You wont be able to get a car loan and your credit cards will be shut down. No school loans for your kids. Your company won’t be able to get the loans that keep many companies a float during harder times (which are coming) so people will loose their jobs. Since you don’t believe in bailouts I suppose you won’t be collecting unemployment insurance. What is left of your 401K after the market finishes melting down will be used to survive on, never mind what you are going to do when you get old. And people already retired are totally screwed. They will have to go on welfare as they loose their pensions and 401k investments, which will cause taxes to go up even though no one has any money.
Grow up. It sucks that we got here and people should pay, but we are here and it needs to be fixed.

Why would someone like Stephanopoulos keep defending Obama when Obama was taking a lot of money from ACorn . He was helping cause this problem now the rest of us have to pay for it. How much money is Stephanopoulos getting from these people to keep saying how great Obama is?

You guys ripped of the fivethirtyeight website’s comments.

The Banks of the United States have reported 7 Trillion Dollars in bad mortgage debt. Let me ask all you geniuses out there what good is it going to do to have the tax payers buy 700 Billion Dollars of this 7 Trillion Dollar debt? Who knows how much more debt the banks and financial institutions have not been reported. Spending this 700 Billion Dollars on this debt is like throwing kerosene, dynamite and gasoline on a wild fire storm. It only makes the fire hotter and more dangerous and destroys those who fueled the fire just like giving the extremely rich this 700 billion dollars. The tax payers debt, the national debt will just go up and prolong the tax payers suffering, starving, and wreak havoc on their physical, mental and financial health.

The Banks of the United S Our House of Representatives listened to over 200 of America’s top economists and smart people of this country. They did what was right not what was fast and convenient and prosperous to the very rich. The fact that the House of Representatives rejected the bail out is awesome! Here is why. The bill was a just a band-aid that still benefitted the very rich and not the people. It was not a solution to the cause of the problem. This bill would only have postponed the inevitable to just after the next President is sworn in on Jan. 29, 2009. There are real solutions to the cause of the problems of the credit crises not even considered in this terrible fast paced 700 Billion dollar extortion bail out bill for the extremely rich people of this country and around the world.
In January 2009 the 7 trillion dollars in bad mortgage loans that the banks have reported will still be unpaid. Who knows how many trillion dollars of bad mortgage debt have not been reported by the banks. 700 billion dollars won’t even come close to paying for all of this debt. Financial melt down is inevitable. Let it happen now so true recovery can begin. Bush and his Cronies did their best to ram this 700 billion dollar pay off to the rich for making this mess down our throats.
Here is some interesting info. Bush and Chaney have recently purchased homes in foreign counties to for a speedy get away to live in after their terms are over in Jan. 2009. They didn’t want this economy to blow up on them while they were still in office. They didn’t want the blame for their very real immoral, unethical and most likely illegal actions. Yeah they got both.
One last fleecing of the American people was halted by our smart members of the House of Representatives who listened to the people and over 200 of America’s top economists. We can truly thank them for listening to us.
It’s time for millions of people to march on Washington DC peacefully in protest. The puppets of congress of the extremely rich are going attempt to pass this fraudulent bill again. “The only thing to fear is fear itself.” (President Franklin D. Roosevelt Democrat) Make the members of the House of Representatives and the members of the Senate know they were hired by all of us who voted for them not just a few very rich people. Make them know we are their bosses not a few rich families. We the People: Demand REAL SOLUTIONS FOR ALL PEOPLE not for just a very few extremely rich people!

The Republocrats platform: More taxes…..Mores war.…More imported products.…More government.….More money for the military-industrial complex….More money for the banks….More money for Wall Street….More money to run worthless government programs.…More lies about the War in the Middle East and elsewhere in the world….More money for a worthless medical care program….More Socialism….Less jobs for Americans…and then a repeat of everything over and over again plus more of everything to delude the American people into complacency. The Republocrats platform: More taxes…..Mores war.…More imported products.…More government.….More money for the military-industrial complex….More money for the banks….More money for Wall Street….More money to run worthless government programs.…More lies about the War in the Middle East and elsewhere in the world….More money for a worthless medical care program….More Socialism….Less jobs for Americans…and then a repeat of everything over and over again plus more of everything to delude the American people into complacency. Republicans….Democrats….one in the same that will never change.
My Vote is going here:
http://www.baldwin08.com/

Why would someone like Stephanopoulos keep defending Obama when Obama was taking a lot of money from ACorn . He was helping cause this problem now the rest of us have to pay for it. How much money is Stephanopoulos getting from these people to keep saying how great Obama is?
+++++++++++++++++++++++++++++++++++
Show me where it says Obama was taking money. Maybe you can find some real proof like this. Tucker Bigmouth didn’t even have anything to say about it. Some things ya just can’t lie your way out of.
Obama unleashed a tough new TV ad that charged McCain had protected tax breaks for insurance companies that hide profits offshore.
Without mentioning dates or the companies involved, the commercial implies McCain went to the Atlantic Ocean island of Bermuda with corporate executives and, while there, “pledged to protect tax breaks for American corporations that hide their profits offshore. And grateful insurance company executives and their lobbyists who benefit from the tax scheme, gave McCain $50,000.”
There was no immediate response from the McCain campaign. The attack on the Arizona senator was the latest in a series of increasingly negative television spots by both sides in the historic and close contest for the White House.
_./’\._¸¸.•¤**¤•.¸.•¤**¤•..•¤. .
*•. .•* *Obama/Biden* o8!! Vote4 Change!!
/.•*•.\ •¤**¤•.,.•¤**¤•.,.•¤**¤

There is only one party in control of Washington, the Republocrats. The Republocrats are still confused about the financial mess and the Republocrats do not know what to do. The Republocrats need leadership and that does not exist in Washington.
Here is the leadership Americans needs.
My Vote is going here:
http://www.baldwin08.com/

The Fed began raising the Fed Funds rate in the spring of 1928, and kept raising them through a recession that began in August 1929. This led to the stock market crash in October 1929.
When the stock market crashed, investors turned to the currency markets. At that time, dollars were backed by gold held by the U.S. Government. Speculators began selling dollars for gold in September 1931, which caused a run on the dollar.
The Fed raised interest rates again to try and preserve the value of the dollar. This further restricted the availability of money for businesses, causing more bankruptcies.
The Fed did not increase the supply of money to combat deflation.
As investors withdrew all their dollars from banks, the banks failed, causing more panic. The Fed ignored the banks’ plight, thus destroying any remaining consumers’ confidence in banks. Most people withdrew their cash and put it under the mattress, which further decreased the money supply.
History tends to repeat itself. Hang on America, because without this package deal, your all going for a ride you may not like. You people elected the same party for the last 8 years and 45% of Americans still want those people in office, even tho your economy is totally screwed because of them. You have idiots out there saying Obama and the Democrats are responsible for this when in fact its your own party who have been in power as President and the last 6 and a half years of the last 8 years have been in power in the Senate.Your own representative, who is running for office, was one of the actual people to blame for deregulation and yet you morons still want him in office. When are you people going to wake up and figure out this man don’t give a damn about you or your children. All they care about is themselves and their rich friends. You would think that picking Sarah Palin as his VP would give you a hint but no, you people are complete morons and can’t think for yourselves. Go ahead and vote for the same party that has screwed you and 95% of Americans for the last 8 years. Your lack of intelligence is the laughing stock of the world.Go for it. Put McCain in office and see if you have anything left after the next 4 years. You people are toast and don’t even know it.

Judge. Hahahahahahaha. You got to be kidding me right. Your a joke. Get a life.

DeeDee You need to do your homework.
McCain put forth a regulatory reform bill in 2005 which the Dems opposed out of concerns that the banking industry would quit giving home loans to those normally deprived of the American Dream.
Bill Clinton just recently said that was one of the biggest mistakes the Dems made and that they have to take responsiblity for. It is true, McCain is a supporter of deregulation BUT McCain has also shown in the last decade a willingness to go after big industries to get more oversight when he feels the consumers are being impacted or when he feels oversight is needed . This is one of the reasons during the primaries the major industries put more money in people like Romney and Guliani the McCain and one of the reasons that Obama has done better in contributions in all major industries, other then one, than McCain. McCain has shown he is more then willing to bite the hand that feeds him. He’s taken on the cable industry, tobacco industry, defense industry, auto industry, pharmaceutical industry, oil industry, he wrote the Patient’s Bill of Rights with both Edwards and Kennedy and so on.

John S….
You vote for Obama and you will not have a life. Better live where it is warm, so you can live on the beach. I hope the trees have bananas, coconuts and breadfruit.
My Vote is going here:
http://www.baldwin08.com/

The solution is clear in two parts, if there is indeed a federal bailout of private business. 1. every American wage earner should receive stock and/or options in each of these failing businesses commensurate with the amount they will be beholding to pay to gat these failures out of failure. 2. Every board of directors, ceo and direct controlling manager should be fired, their assets seized and auctioned, and the monies reinvested in their failing businesses (like any upstanding American small business owner would do). (A nominal stipend to allow then to resettle in a middle-american city in a condo, a gas efficent car, a map indicating where the state unemployment and retraining office as well as the local day labor shops and check cashing institutions and 2 months food stamps should suffice to get them back on their feet.) They have failed ethically and morally and need to be held accountable for their actions and American citizenry should have the opportunity to profit from their losses as opposed to the last 2 decades of economic rape and pillage that has occurred.

i have a suggestion tar a feather the whole bunch and run them out of town. starting with paulson, reed, pelosi, and barney frank. they are incompetent/divisive and have proved they are incapable of fixing this mess.
and then seize the assets of all the crooks, speculators, and wallstreet fat cats and bailout the economy.

Hey Moron Judge. i’m not an American but I do my own research and I wish morons like you would do the same. The trash you keep spewing out is just that, garbage and doesn’t belong where intelligent people give informed opinions. I have nothing to gain or lose by saying what I know are facts. John McCain has no intentions of helping the average America. And if you believe otherwise you are all stupid. Just do the research and look at his record. The mans is incapable of honesty and will screw the American public even more so than Bush and that says a lot. You people need to wake up if you think he’s the person to get your country out of thsi mess. The man has a lower IQ than my 15 year old for God sake. Wake the hell up people. Your not all that stupid I hope. Geez

John I’m not letting McCain off the hook but I’m also not going to be an idiot and let the Dems off the hook either. This is a bi-partisan mess.
The deregulation of the banking industry under Clinton’s watch, the Community Reinvestment Act getting a boost at the same time we were deregulating the finance industry and a lack of consumer protections in the late 90′s all contributed. There is enough blame for both the Dems and Repubs to share.

val murphy…
Stock in a company will prove worthless if the company goes chapter.
Republicans….Democrats….one in the same that will never change.
My Vote is going here:
http://www.baldwin08.com/

obama was acorns attorney remember?
acorn sued to get unqualified people into homes they could not afford it was called
the community reinvestment fund started by sweet mr carter/increased by clinton/ this mess has a dirty democratic history, and obamas fingerprints all over it that will not get swept away under the rug.

John S…
Please learn how to read my posts. I am a natural born American citizen that has served honorable in the US Army. It is the SOS with the Republocrats. I am not in support of the Democrats or the Republicans: the Republocrats.
Your research is as immature and worthless as Obama. He is a liar.
My Vote is going here:
http://www.baldwin08.com/

ACORN, Frankin Raines, Rezko and Obama. Don’t expect those exposes’ anytime soon from abc. Maybe after the election…

Okay, My last post for the night. I’m Canadian so I don’t have anything to lose or gain by giving my opinion. First, to all Republicans. Start packing. Your days are numbered. This race was over when LameBrain McCain picked the Alaskan Ice Queen for his VP. Even your own representatives are saying he is an idiot. If this is what being a Christian is about, lying to everyone in this country the way he has, then i’m no longer a Christian.Second. The American public, well the intelligent ones anyway, which is at least 65% of them, see right through this fools actions. This man has flipflopped all over the place and changed his logo so many times I am starting to think he’s out to lunch. Sorry, he is out to lunch. Americans want someone with intelligence and Obama has that. An IQ of 125 who was even asked to join the most intelligent group of people in the world. MENSA. Compare that to McCain who finished 894 out of a class of 899 and the Ice Queen who took 6 years and 5 colleges to finish her journalism degree. Now who would be better to get your country out of the mess its in now. It doesn’t take a scientist to figure that out people. Wake up before you tighten the noose around your necks a little more till you can’t breath no longer. WHat kind of future are you leaving your children and grand children. A country so far in debt, that they will be paying for your stupidity for at least 50 to 60 years. Nice legacy to leave your loved one. Real smart people.NOT

Ripped off from Colony14 Author
September 29th, 2008 at 7:32 pm
The cause, in a nutshell:
1. Congress (under Jimmy Carter) passes a bill making it illegal for banks to “redline” (that is, they can’t ignore poor neighborhoods because that would be discrimination).
2. In 1992, Clinton can’t get elected by saying “Vote for me and I’ll give $250,000 in tax dollars to all poor people so they can buy a house” so he instead says “I feel your pain” to get into office.
3. Clinton changes the rules so that banks are faced with $10,000 fines (or 1% of assets, whichever is less) per-loan-application if they discriminate against the poor. In other words, the government FORCES banks to make bad loans.
4. To soften the load, Clinton reduces the Fannie Mae “reserve requirement” to an astoundingly low 2.5%! (They need to keep only $2.50 in cash for every $100 loaned!) Banks, faced with $10,000 fines, respond by making bad loans and immediately dumping them on Fannie Mae.
5. Clinton rule changes also require banks to count WELFARE CHECKS AND FOOD STAMPS as “income” for loan applications!
6. Senate Democrats demand that Fannie Mae buy more bad loans to “help the poor become homeowners.”
7. Radicals Islamists attack the U.S. on 9/11. To keep the economy from tanking because of the terrorist attack, the Federal Reserve keeps interest rates artifically low – to stimulate the economy. These low interest rates make it even easier for people to get mortgages.
8. Because Fannie Mae is buying up bad loans like candy, banks keep making them.
9. Conservatives see the handwriting on the wall and start complaining.
10. Fannie Mae CEOs James Johnson and Franklin Raines “cook the books” to give themselves, and other former Clinton buddies at Fannie Mae, bigger bonuses.
11. Raines (like, Johnson, later an Obama advisor) is forced to resign and pay back millions.
12. Because many poor people entered the housing market, there are MORE buyers chasing the same number of houses available. That makes prices go up – much faster than the inflation rate. (Duh! If more people want the same house, the seller can charge more!)
13. More conservatives warn Congress of trouble ahead. Barney Frank (D-MA) and other Dems say “Don’t worry, be happy.” Maxine Waters (D-CA) says Republicans are racists for wanting to rein in Fannie Mae to prevent poor blacks from buying houses. Waters praises the crook Franklin Raines.
14. John McCain submits a Fannie Mae reform bill in 2005. Senator Chris Dodd (D-CN) gets his fellow Dems to promptly vote against it; it never leaves his banking committee and thus never gets voted on by the full Senate. Dodd gets a boatload of cash from Fannie Mae for his campaigns, more than any other Senator (Obama is in second place).
15. Everything explodes in 2008.
16. Secretary Paulson (a Democrat) persuades a non-functioning President Bush to go along with a bailout.
17. At a White House meeting, Dems feed their talking points to Obama so he can look good. He screws up, and lambasts the Republicans – angering them enough so that they have no desire to help.
18. Frank, Dodd, Reid, Pelosi blame the Republicans. The media piles on, ignoring the real cause of the crisis, in an effort to elect their socialist pal Obama. They all know the Dems caused the problems, but why burden Americans with the truth?
19. Conservatives in Congress say NO to socialism.
20. Americans say NO to socialism.
21. Democrats say THIS IS CRITICAL, WE MUST ACT! and then take a day off for a Jewish holiday. (Better to risk destroying the economy than lose Jewish votes in November 4.)
22. McCain – foolishly – supports the bailout, reprising his role as the “Democrat-lite” candidate.
23. Sarah Palin will hopefully expose the Dems for their part in the mess during her debate with Biden.
24. Americans are screwed, no matter what happens.
The full details at:
http://colony14.net/id46.html
TOTALLY accurate account and Nazi Pelosi knows it.

I say Drop Obama, Bring Back Hillary.
I bet the market straightens out Just with that alone.

thank you zac.

Too bad jase was typing instead of reading … sorry, jase, you are putting the blame on the wrong men.

John S
Canada has many regulations to control the way people think. Canada will not allow products into the country that contain Vitamin K. Canada treats its people like all the people have an I.Q. of 100.
Stay home John S…Canada has its own problems.
Republicans….Democrats….one in the same that will never change.
My Vote is going here:
http://www.baldwin08.com/

Sorbane Oxley is being blamed for alot of this mess—pacifically the mark to market part. Bush has the power to subspend this even before the markets open tomorrow. Why not try it?
Paulson motives and his ties to Goldman Sachs are in serious question—-fire paulson, put someone in without the motives. Let’s hear from other economists who probably much better ideals than Paulson.

Here’s a better idea about what to do with the $ 700 Billion.
Don not bailout the failed financial institutions, instead, provide the money as loans to the remaining solvent financial institutions charging them interest on the loans in accordance with how much measurable relief that they provide to the foreclosure crisis. In so doing, enable the financial institutions to rewrite mortgages extending either their term, or their rate of interest, or both as long as doing so turns them from being junk to being something viable. The idea being to reward these institutions on developing innovative, but workable, lending practices. The interest that the banks pay on their loans is payable to the taxpayers, since they are the source for the money. Money loaned to the banks that is not used in softening the foreclosure crisis make its way through the system for credit borrowing by businesses and individuals. In this way, no money is waisted trying to save banks that failed.

I just don’t buy that the nay Republicans and Dems in the house are that “principled”. I’d like to be proven wrong. They will probably tuck there tail between their legs and run for cover.
We’re headed for a consumer recession regardless, so NO BAILOUT!
It will be painful. Forget who’s going to be Pres next. Instead think of your future… Argentina.
Good luck.

Kinda scary but necessary i feel.
I can’t afford another rescue pkg….congress tried to bully their way into my pockets by fear…again!!
The markets will rid themselves from greed and evil, then they can borrow my money. FBI will catch the gov officials and wall street execs involved. This money problem has been nurtured by corrption and greed for a long time. It didn’t happen in just the last eight years i’m affraid.
Who knew the minority would be the majority in this vote…. This was the worst deal.
Why in the hell would you buy bad credit with more credit?!?!?! quit borrowing credit and find a free market solution, low taxes and insurance money for security sounds fair.
This deal need to be reworked!!! Thank God!!
This is USA, not USSA!!!

Here’s what I think: let’s stop playing the blame game and get on with the real business of fixing this problem that we find ourselves in. I’m all for a bailout, but not what Congress is suggesting.
I like the idea of feeding the money directly back into the economy. Every working person 24 and up should be eligible to receive a windfall. A real good lump sum, not just $1000. But in order to receive it, a person must go through training. Wealth management and creation, how to build and maintain good credit, spending money responsibly, how to live within our means, how to raise children to be fiscally responsible, etc. Once they’ve completed a battery of courses, they can receive the money. It will be up to each person to use the money wisely.
The real problem here is that we don’t want to feel the pain of our collective mistakes. As a nation, we have allowed ourselves to be overwhelmed by our “instant gratification” mentality. We have allowed the banks and government to turn us into mindless automatons, struggling to buy the bigger TV, bigger car, bigger home, all so that we can feel valuable within ourselves. This is as much our fault as anyone else’s. Could the banks really have been able to commit all this fraud if there were no people to defraud? Could the government have burned us over and over again if we didn’t let them? We have been in the matrix for too long and it’s coming back to bite our collective asses!
Wake up people! A corporate bailout may not be the best solution. A cash windfall to the constituency may not be the best solution. But it’s crystal clear that measures need to be taken in the short-term if we are going to survive this catastrophe. I for one don’t want to lose my job. I don’t want to be homeless. We need to save each other now.
There are no easy answers and there will be no quick fix. But we need to make a decision, stick to it and move it on. Let’s not get bogged down in indecision and politics. The stakes are too high and transcends all of this utter nonsense.
That’s my twenty-five cents (probably all the money I have in the world anyway! :-))
Peace.

McCain prematurely claimed credit for engineering a bailout right before nearly 70% of House Republicans voted against it. Just like he claimed he won the debate the morning before it took place. With their undying support of McCain/Palin, rigthwing nutjobs prove that they will vote for a potted plant, as long as it promises to pack the Supreme Court with more of their kind.

sEE…Mccain never claimed he engineered a bailout. Duh…

McCain said he only returned to Washington to work on the bail out.

I traditionally vote for republicans. But if McCain is voting for the bailout, then he loese my vote. Why, he does not deserve it!

Hi, folks. Is there a way that the American people can demand a natinal referendum on the bailout issue? Isn’t this county a one by the people.
Is it or is it not?

“This mess was orginally caused by dems pushing for lowered standards of lending and by the dems pushing the government to guaranteed bad loans-”
————
Not true.
This is all Republicans fault.
All republicans, all of them should be doing something about it because democrats and independents are suffering because of the last terrible years of the Republican Party which was voted by republicans.
It is time for all republicans to put up their sleeves and start working to pay this disaster.
Republicans have no say in this story except to pay the disaster they caused.

no dax, when you vote them in, you have no more say so.

Hi shan, all Americans have another change in November this year. Do they not?

shan,
the only i…t is Cain and you for following the steps of an old erratic man who does not know where he is standing or doing in this planet, and whose actions and ways of thinking are from last century.
And you should be working instead of blogging, to pay the debt that your party put on the US taxpayer.
Thanks for nothing Republican Shan. You already voted to destroy our country and still want some more.
What kind of patriot is behind the computer?
As a Republican you and none of you have any right to speak or say anything. Just pay us our money back.

v,
Who said that I am a Republican?
I am not a Republican, I am an independent!
Independents will go for McCain after yesterday’s bailout failure!
Where was senator Obama when they voted for the bailout?
Answer my question!Till yesterday, I did not decide who to vote for , even liked Obama at Friday’s debate!
get lost!

ANGRY DEMOCRAT,
Ha, Ha, Ha.
A joke….and a liar.

It is not only the Dow Jones but Barrack Obama to go down from this point on!
mark my post!
Obama could have gone to Washingtion and gotten his party together to pass the bill!
Obama failed to lead, I agree!
Polls will go down for Obama as Dow Jones did!
McCain increased te Republicans who voted from ONLY 5 to 64
WHAT DID OBAMA DO ?
ZERO

All people who voted republican in the last 8 years are guilty for this bail out.
All people who voted republican in the last 8 years allowed the republican government to abuse the American people.
All people who voted republican in the last 8 years allowed the republican government the killing of over 4,000 soldiers lives, 1,000 katrina lives, 2,000,000 families lost their homes,
millions more lost their jobs, millions are losing their money in the markets.
Why?
Because some republican fanatics continue putting party loyalty over country…and are willing to do it again.
Republicans are not patriots…they love power and hate whatever stands in their way.
So now it pay back time. All republicans should be ashamed and start working to pay innocent independents and democrats our money back.

i love the way they keep saying we won’t be able to get a car loan lol…why would anybody want a new car their is no oil to fuel our cars anyway. and the price of gas is too unreliable. no intelligent person would buy a new car when electric and other hy bird auto options are coming on line which we won’t be able to afford either. time to hitch our wagons, ride our bikes, and use public transit. the bailout is intended to infuse the market with new lending to keep suckering us into more rabid consumerism and debt.

Gosh, I hope the don’t take any breaks for, say, Islamic, Hindu or Buddhist holidays during this “crisis”.

Mc Cain did only shows his incapacity to rule his party or anyone else for that matter.
He is old and highly irrational and erratic.
Obama is an intelligent, thoughtful person…and by the way, he did not need to go to perform a parody in Washington.
Democrats had the votes all along to help Republicans save this bill.
I hope Democrats do not pay the bill.
This bill is for Republicans to pay.
ENOUGH OF REPUBLICAN LIES AND CORRUPTION.

CPLViper says,
Let’s see –
What were we looking at the last time that Democrats had the Presidency in 2000?
National prosperity, 22 million jobs created, a 150 billion dollar surplus.
Whose tax plan in 1993, which increased taxes for the wealthy, did Republicans say was going to destroy the economy, when instead it produced a record economic boom?
http://books.google.com/books?id=Z_DTwljcixsC&pg=PA183&lpg=PA183&dq=republican+predictions+1993+tax+plan&source=web&ots=vYWAL3KJa8&sig=4lvPLxnu4rXorzQfAhFrrCQ-mwg&hl=en&sa=X&oi=book_result&resnum=8&ct=result
The Democrats
Who has been in President for the last 8 years? During which we’ve had the least amount of job creation since the Great Depression? Scandal after scandal? Crisis after crisis? Four trillion dollars added to the debt for nothing, because this economy is what we have to show for it?
George Bush, a Republican.
Who have been in charge of the Presidency and both Houses of Congress for eight years?
Republicans
Who authored the bill that repealed Glass-Steagall, a protection against the kind of thing we’re seeing now?
Phil Gramm – A Republican – one of John McCain’s best friends, previous campaign co-chair and a chief economic adviser to his campaign
Who voted in the Senate to approve this bill?
Only Republicans
Who authored an even worse bill on credit default swaps – one the real causes of the present disaster to anyone who knows anything about finance – read about it in Newsweek
http://www.newsweek.com/id/161199
That would be Phil Gramm again- a Republican
Whose campaign manager’s company took fifteen thousand dollars a month from Fannie Mae up until last month? (Although to anyone who knows anything, Fannie Mae/Freddie Mac are not responsible for the crisis – by definition they did not give out subprime loans although they did buy up “Alt-A” loans and certainly contributed to the mess).
http://www.usnews.com/articles/opinion/2008/09/24/blog-buzz-rick-daviss-fannie-freddie-scandal-continues-mccain-and-the-bailout-obama-leads-in-a-poll.html
John McCain – a Republican
Who cut the Feds interest rates to near zero in an effort to try to make George Bush’s ridiculous trickle down economic policies and his own past mistakes look good? Thus inflating the housing bubble beyond all reason?
Alan Greenspan – a Republican.
John McCain says he knows little about economics, but has read Greenspan’s books
Who is blaming minorities for the present crisis, which is a crock of crap distracting attention from yourself by blaming blacks, Jews, whatever – Hispanics in Florida and the West take notice please?
http://ta-nehisicoates.theatlantic.com/archives/2008/09/debunking_the_blame_the_negroes_conspiricy_theory.php
Republicans
Who’s taking us for a bunch of ignoramuses?
CPLViper – a Republican

KATE,
I think that John McCain should pick Newt Gingric or Mit Romney.
barrack Obama should pick, Michale Bloomberg
it is the best post I had seen here!

I didn’t post above what CPLViper actually said, but it was along the lines of
“Its unfortunate that a lot of people blame this crisis on President Bush and the Republicans” etc.

pennsylvaniavoter
Biden says, “No to Clean Coal Plants in the USA. Call PPL and tell them they are loved by Biden the No Clean Coal Man.
My Vote is going here:
http://www.baldwin08.com/

Hemi Why don’t you go onto the Center for Responsive Politics website and look at where Obama gets all of his money.
Posted by: alpaig52
+++++++++++++++++++++++++
Yeah, I checked it out. So he gets money from all over the place, so what. McCain has the whole RNC feeding him cash. If your talking about Obama getting money from all over the world, and some people going over the 2300 limit, I think it’s funny.
In a letter dated June 25, 2008, the FEC asked the Obama campaign to verify a series of $25 donations from a contributor identified as “Will, Good” from Austin, Texas.
Mr. Good Will listed his employer as “Loving” and his profession as “You.
Isn’t that funny? Obama said the system was broken and it gave McCain a big advantage, so I don’t blame him one bit. As long as he don’t have a stack of lobbyists running his campaign like McCain, it’s all good with me.

CPLViper I read, the republicans got their panties in a twist because Pelosi said something they did not like so they voted to punish the country and the world economy. I stand by what I said: For anyone who plans to retire, has a 401k, or who owns stock in anyway, understand this: George Bush and McCain and their economy philosophy and system have just lost you 7% of everything you invested, 770 points, over $1 trillion lost today alone; not including the losses from last week. So again, whatever you think about the other guy before you pull the poll for McCain just know that he and his people have messed up your money. Thats not a a red or blue issue, this is a green issue; we are all losing money.

i am hispanic and have been involved as a case manager with the non legal mexican community. i had several experiences working in phoenix with families from mexico who were here illegally and many were buying large expensive homes. several of these families asked me if they could borrow money from our agency to turn on the utilities for their new homes. absolutely the community reinvestment act was forking over home loans to people who could not afford these loans let alone turn on the utilities. that was just my personal experience. i would imagine that millions of these bad loans were made. and now we are expected to bailout these greedy pigs for making bad loans to people they knew could not afford them? and they want more money to fork over to acorn to keep up this. i think not.

Lets all not forget that McCain said the economy is sound hahaha I honestly find this all funny

I will ssee those people who are against this bill when they can’t buy a car, loose their jobs soon!
I was for Obama till yesterday!
I still can not believe , I donated to his campaign and he did not even showed up to vote for the historic bailout bill for me!
after this collapse, who ever to be the president, will not make a change!
So why not wasting my vote for
Nader/Gonzales 2008

The web ad. for Obama at ABC website is so funny
Obama looks like a Jackass
hahahahahahahahahahahahahahahahahahaha

Adam, CO
My Vote is going here: Republican and Democrats never change they stay the same because they are one in the same.
http://www.baldwin08.com/

Katrina in NO could have been avoided simply if the idiots living there would have made their idiot corrupt leaders like Nagin who they again voted in ensure the levees that they lived behind were properly maintained. What type of moron lives behind a broken levee, stays when a hurricane is going to hit knowing it will break, and then whines?

I’m glad the bill wasn’t passed. I believe in free enterprise. Let those who made bad decisions suffer for them instead of having the government force the taxpayers to suffer instead. This government has already run up several hundred billion dollars in indebtedness to foreign countries – where does it think it’s going to get the money to bail out the banks? From China? Saudi Arabia? where? We’re already into them for almost a billion dollars – if we keep on borrowing from other countries, pretty soon America won’t be American any more.

Jase -
a trillion dollars “lost” is the same toxic assets the “bailout” plan would protect. While capital markets will be squeezed until there’s a resolution (and there will be one, by week’s end, I’d bet, what’s the long-term value in keeping the value of those portfolios articially inflated?
We accept losses in the market when technologies become obsolete, when M&A goes bad and drags both companies down, when consumer demand for something dries up, etc. Why should the market value of worthless stocks/securities be any different?
Yes,it’s a big hit to take…but adjustment needs to happen. Same as real estate prices are adjusting when the bubble of constant growth burst, so should the stock market.
If not,then I’d rather the government give me the thousands $ I may stand to lose in presumed home value than to artifically prop up my 401(k)and instituions that may need to fall before they can build themselves up properly (fire and brimstone approaches are often productive).

There are two presidential candidates more qualified than Obama. There is no scandalous background that shows the two candidates to be other than honest men with strong beliefs in America and the Constitution of America. The Democrats picked the wrong man. Then again, these two men are honest Americans that probably wanted nothing to do with the Democrats.
Click here and judge for yourself. Both men meet all the qualifications for the presidency of the United States better than Obama.
http://www.votenader.org/about/
http://www.baldwin08.com/
There is no question about integrity when you look at these two men. We are
not partial to either man, but Obama is a NO…. NO…. NO WAY.

Hey Judge!
I agree with you partially!
Obama is a NO NO way but McCain won’t get my vote either!
I do not want the war in Iraq!
Our economy is sinking, why can’t McCain change his polkicies and calls for withdraw?
He won’t do that so he won’t get my vote!
NADER/GONZALES

Anybody who would vote for Baldwin and Castle or even Nader for that matter hasn’t got the sense of a 5 year old. Take your opinions and shove them where the sun don’t shine. And if your that stupid not to be able to figure where that is, I can understand you voting for those losers. Hahahahahahaha

mynameisnobody,
Do not under estimate Ralph Nader!
he continues to climb at polls at akmost every state!

My name is nobody That is because you are a nobody with intellect.
Click here and judge for yourself. Both men meet all the qualifications for the presidency of the United States better than Obama.
http://www.votenader.org/about/
http://www.baldwin08.com/
There is no question about integrity when you look at these two men. We are
not partial to either man, but Obama is a NO…. NO…. NO WAY.

Nader/Gonzales or Baldwin/Castle, the idiots of this race. Give me a break. What moron in he’s right mind would vote for those people. Now I have seen and heard some stupid people in my life, but Adam,CO Gail,Judge,WEB AD.Harriet, (who are all the same person btw),is really ignorant if he or she thinks they can fool people with this dribble. Thats ok, you go waste your vote if you like, but come November 4, it will be Obama in a landslide victory. The you losers will have something else to whine about.

Nader/Gonzales or Baldwin/Castle
Hahahahahahahahahahahahahaha
Best laugh I had all day

There is no doubt that Obama was picked by the Democrats so they would have a puppet on a string. Joe Biden would be a back door president.
http://www.votenader.org/about/
http://www.baldwin08.com/
There is no question about integrity when you look at these two men. We are not partial to either man, but Obama is a NO…. NO…. NO WAY.

Just like Obama and his supporters. When they can not take the heat, they lie.
http://www.votenader.org/about/
http://www.baldwin08.com/
There is no question about integrity when you look at these two men. We are not partial to either man, but Obama is a NO…. NO…. NO WAY.

Just a partial list Of Ralph Nader’s accomplishments:
American Antitrust Institute
Appleseed Foundation
Arizona Center for Law in the Public Interest
Aviation Consumer Action Project
Buyers Up
Capitol Hill News Service
Center for Auto Safety
Center for Insurance Research
Center for Justice and Democracy
Center for Science in the Public Interest
Center for Study of Responsive Law
Center for Women Policy Studies
Citizen Action Group
Citizen Advocacy Center
Citizen Utility Boards
Citizen Works
Clean Water Action Project
Congress Project
Congress Watch
Connecticut Citizen Action Group
Corporate Accountability Research Group
Critical Mass Energy Project
Democracy Rising
Disability Rights Center
Equal Justice Foundation
Essential Information
FANS (Fight to Advance the Nation’s Sports)
Foundation for Taxpayers and Consumer Rights
Freedom of Information Clearinghouse
Georgia Legal Watch
Global Trade Watch
Health Research Group
Litigation Group
Multinational Monitor
National Citizen’s Coalition for Nursing Home Reform
National Coalition for Universities in the Public Interest
National Insurance Consumer Organization
Ohio Public Interest Action Group
Organization for Competitive Markets
Pension Rights Center
Princeton Project 55
PROD – truck safety
Public Citizen
Retired Professionals Action Group
Shafeek Nader Trust for the Community Interest
Student Public Interest Research Groups nationwide
Tax Reform Research Group
Telecommunications Research and Action Center
The Visitor’s Center
Trial Lawyers for Public Justice
http://www.votenader.org/about/
What are No…No…No Way Obama’s accomplishments?

If a Bailout must be voted on, why does no one think that a bailout from the bottom up will work. I have been watching ALL the news channels and there are a few thoughtful people to include Ben Stein that says why can’t this bailout be used to help people stay in their homes by addressing mortgage problems. Not by giving the Financial markets the money, but the people who are hurting and hurting bad.
The one thing that makes this Wall Street Bailout in its current form so toxic to the American People, is that it is a bailout to institutions that provide “credit”. Talk to any American who has been late on a credit card payment, mortgage payment and all they will tell you is how ruthless and predatory these companies are that want their money. All of sudden you are down financially down due to job loss, cut back in hours, etc. and you are getting hammered with phone calls, emails, letters by these financial giants. Your interest rates sky rocket, late fees are accrued and it doesn’t take long to get buried. You then have to make a choice of providing minimum payments (God forbid you are late and your credit score takes a hit) vs. providing food, gas, rent/mortgage payment for your family. I was sued by Capital One over a $500.00 credit card. They won the suit and were awarded almost $1500.00 All I am trying to due is pay my bills and provide for my family. Most people see this as a rescue attempt for the very institutions that have caused them so much pain. Not a whole lot of sympathy out there for these companies. Most Americans would rather suffer, than provide relief to these perceived predatory lenders.
Please do not give in to the pressures of trying to pass this Bailout in its current form.

Government regulation made the banks give everyone a loan, even with bad credit and little means to pay the mortgage. Look back to Jimmy Carter and Bill Clinton and the American people taking advantage of easy credit.
The Americans have complained about the bailout legislation. They only point their finger in the direction of President Bush, Wall Street and the banks. It is time for the taxpayers to assume the brunt of the problem by using credit without consideration and no thought of tomorrow. Well, tomorrow has arrived and it is a financial mess created by everyone.
After much thought and investigation, we are backing and voting for Ralph Nader.
http://www.votenader.org/about/
NO…. NO…. NO WAY Obama. McCain is on the back burner.

Government regulation made the banks give everyone a loan, even with bad credit and little means to pay the mortgage. Look back to Jimmy Carter and Bill Clinton and the American people taking advantage of easy credit.
The Americans have complained about the bailout legislation. They only point their finger in the direction of President Bush, Wall Street and the banks. It is time for the taxpayers to assume the brunt of the problem by using credit without consideration and no thought of tomorrow. Well, tomorrow has arrived and it is a financial mess created by everyone.
After a thorough investigation, there is no doubt in backing and voting for
Ralph Nader.
http://www.votenader.org/about/
NO…. NO…. NO WAY Obama. McCain is on the back burner. Obama failed our investigation. McCain did somewhat better

Vote No, to the $700 bilion bailout! Only ones to profit from the bailout are the Rich! and the Republicans!

I’m tired of these “life-long Republicans” who are suddenly “leaving” the party over this. If you were really conservative at the very least you would empathize with the desire for a free-market solution to this problem and our natural aversion to those who want to turn America into a socialist waste-land.
I’d rather eat dirt for the next five, six, or seven years in a massive depression than turn this country over to the Hugo Chavez mentality.

http://boortz.com/more/video/what_caused_crisis.html

Oh by the way, I see a couple of Obama’s other friends, Fannie and Freddie are under a Grand Jury investigation. The list of his shady friends gets bigger and bigger. Wait till they start investigating ACORN, another of Obama’s close associations. What does it take to see that this guy is a shady as it comes!

Phil Gramm, the noted Economist was dead right. We have become a nation of whiners-just let the Free Market destroy the world.
After all, W and Mccain (certainly not reflecting the President) both certified that there was nothing wrong with the economy. The wizards on Wall Street need a free hand and fat paychecks to stick it to all of us.
By using the Social Security trust Fund to buy up all these worthless ‘assets’, W and Gang may still land up ‘privatizing’ Social Security.

This was forwarded to me this morning – sounds like a good idea compared to what is actually going to happen….
The Birk Economic Recovery Plan
Hi Pals,
I’m against the $85,000,000,000.00 bailout of AIG.
Instead, I’m in favor of giving $85,000,000,000 to America in a ‘We Deserve It Dividend’.
To make the math simple, let’s assume there are 200,000,000 bon-a-fide U.S. Citizens 18+.
Our population is about 301,000,000 +/- counting every man, woman and child. So 200,000,000 might be a fair stab at adults 18 and up..
So divide 200 million adults 18+ into $85 billon that equals $425,000.00.
My plan is to give $425,000 to every person 18+ as a ‘We Deserve It Dividend’.
Of course, it would NOT be tax free. So let’s assume a tax rate of 30%.
Every individual 18+ has to pay $127,500.00 in taxes. That sends $25,500,000,000 right back to Uncle Sam.
But it means that every adult 18+ has $297,500.00 in their pocket. A husband and wife has $595,000.00.
What would you do with $297,500.00 to $595,000.00 in your family?
Pay off your mortgage – housing crisis solved.
Repay college loans – what a great boost to new grads
Put away money for college – it’ll be there
Save in a bank – create money to loan to entrepreneurs.
Buy a new car – create jobs
Invest in the market – capital drives growth
Pay for your parent’s medical insurance – health care improves
Enable Deadbeat Dads to come clean – or else
Remember this is for every adult U S Citizen 18+ including the folks who lost their jobs at Lehman Brothers and every other company that is cutting back. And of course, for those serving in our Armed Forces.
If we’re going to re-distribute wealth let’s really do it…instead of trickling out a puny $1000.00 ( “vote buy” ) economic incentive that is being proposed by one of our candidates for President.
If we’re going to do an $85 billion bailout, let’s bail out every adult U S Citizen 18+!
As for AIG – liquidate it.
Sell off its parts.
Let American General go back to being American General.
Sell off the real estate.
Let the private sector bargain hunters cut it up and clean it up.
Here’s my rationale. We deserve it and AIG doesn’t.
Sure it’s a crazy idea that can “never work.”
But can you imagine the Coast-To-Coast Block Party!
How do you spell Economic Boom?
I trust my fellow adult Americans to know how to use the $85 Billion ‘We Deserve It Dividend’ more than I do the geniuses at AIG or in Washington DC.
And remember, The Birk plan only really costs $59.5 Billion because $25.5 Billion is returned instantly in taxes to Uncle Sam.
Ahhh…I feel so much better getting that off my chest.
Kindest personal regards,
Birk
T. J. Birkenmeier, A Creative Guy & Citizen of the Republic
PS: Feel free to pass this along to your pals as it’s either good for a laugh or a tear or a very sobering thought on how to best use $85 Billion!!

The interview with Marci and Maryilyn was right on…we need a different bill. The 700 billion dollar bill was not the answer. The two lady members of congress you interviewed had the answer. Instead of you,GMA, focusing on the bill not passing and how awful that is why are you not focusing on the different alternatives. Shame on you GMA you usually are better than this.

This idea of giving people $425,000 is obviously coming from someone who has NEVER TAKEN AN ECONOMICS COURSE!
Inflation inflation inflation!
You would be better off disconnecting your utilities and burning the cash for heat.
Hmm, how very German.

Marci and Marilyn…. thank you for the courage to actually represent the American people. I cannot understand why anyone expects the American people to sit still for the kind of financial nonsense represented by this bill in the form in which it was rightfully shot down! And Chris, you looked more like a garden variety politician today than a journalist.

The neo-cons are running scared now, so they spew their nonsense about the “Democratic controlled Congress”.
The Dems hold more seats in Congress, this is true.
However, the Dems cannot “control” Congress until they have 60 seats, the required number to break the filibuster.
The GOP (Grand Obstructionist Party) has racked up a record number of bill-killing filibusters; read about it here:
http://www.nytimes.com/2007/12/02/weekinreview/02herszenhorn.html
Now – who is really doing nothing in Congress?
Educate yourselves with the facts – don’t just repeat political talking points.

Nancy Pelosi is Speaker of the House, not Majority Leader. She is 3rd in line to the president. She has the responsibility to lead the House and get legislation through. She came up 12 votes short with 95 members of her own caucus voting against her. This is a failure of leadership and Pelosi must be held accountable.

As a life long Democrat I am appalled by the lack of leadership, campaign for Obama and the partisan tone of Speaker Nancy Pelosi’s pre-vote speech on the House floor. Democrats, with a 31-seat majority, could get 95 of their own to vote for the bailout with leadership …. The American People are not stupid Pelosi and Reid are part of the problem in Washington!!!!! I will vote for REFORM I will vote McCain.

There is a fifth option: Do nothing!

Here’s an idea. Restore the Republican form of government that is guaranteed by the Constitution of the United States. Obviously, Democracy is not working.
1) Restore the Vice President as President of the Senate.
2) Repeal all the illegal laws Congress has passed; Congress has limited powers delegated to them via our Constitution, they have well exceeded those powers.
3) Cut our government dramatically and pay off our debt.
4) Repeal the income tax amendment to reverse the flow of money. Under our Republic, the money is supposed to flow from the people to the states to the federal government, not from the people to the federal government to the states. If the money flowed from the state to the federal government, our representatives would have answer to their own state and explain why they were spending the money of their State. Right now our representatives are spending the money of the other 49 states and only answer to their state if they don’t bring enough back to their state, causing more spending.
Just a few things I would start with.

Vote No, to the $700 Billion bailout! Only person’s the bailout will help is the Rich, and the Republicans

It’s frustrating to us with commen sense and conservative values. There should be a whole new plan to consider that is NOT a bailout. Smart economists say don’t waste taxpayer money on the bailout – instead, eliminate the programs that caused this mess to begin with. It’s cheaper and a faster way to fix this problem. Banks should only be lending money to people who can afford to pay it back. This isn’t rocket science.

The banks are claiming that the foreclosures of the housing created their problem, but was it not the very banks that kicked out the buyers from whom they were profiting that could not afford the increase cost of their loan, thereby cutting their own throat. The buyers were willing and able for the most part to pay for the loan at its original price and interest, But the banks got greedy and made it impossible for the buyer to pay the increase cost of the loan.
Instead of kicking the buyers out, why could they not re-negotiate a loan that keeps all buyers in the home thereby profiting all, this would prevent most loan defaults! The banks may not make the high profits they anticipated, but still a healthy profit, and we the tax payer would not need to fork over the huge ungodly sum of 700 billions dollar, that some are saying will not bail out the home owners anyway and only help wall street.

tryingtosurviveinmiddleclass, who posted the $425,000 per person piece not only skipped ECON as Ryan suggests, but failedtosurviveinMATHclass as well.
$85,000,000,000/200,000,000 = $425.
Not $425,000.

We have a FREE MARKET and commoditiy prices rise and fall because f supply and demand. The government needs to stay out of it. Thieves made the housing crisis and it will correct itself and rid us of all of the theives.We need to do nothing. There shpuld be intelligent people running banks and realestate companies. God is not making any more land so they have an IDEAL situation. It will give the honest people something to work on.Taxpayer money is not needed to ail them out. Get to work American – fix it.

Dear Mr. President:
Now that the financial services package is back to the negotiation stage, I wanted to suggest several unilateral steps that could be taken by you to address the root causes of the financial panic. In order to make this bailout the last one, there are several necessary steps that should be taken by the Executive Branch:
1. Repeal the Clinton-era regulations encouraging reckless lending practices under the Community Reinvestment Act (CRA). In the 1990s, the Clinton Administration used the CRA as a club to pressure lenders into giving loans to marginally-qualified borrowers. The government should not be in the business of pushing lenders into making loans they would not make in a free market
2. Direct the SEC to make mark-to-market accounting voluntary for distressed assets. The mark-to-market accounting regime forces companies to value assets at less than their intrinsic value, merely to reflect current market uncertainty. In order to contain the bailout and protect taxpayer dollars, companies should be able to use book accounting for assets deemed by the Treasury as “distressed”
3. Direct the Treasury Secretary to determine that capital basis can be adjusted for inflation by taxpayers. There is a body of legal thought which holds that the Treasury Department can do this by executive action. In order to free up needed capital and unlock frozen assets more easily, the Treasury should make this common sense change to tax rules. If there is a legal brief which details Treasury’s objections to capital basis indexation, it should be released for public dissemination.
It’s important to note that all these actions can be done unilaterally by the Executive Branch. There are other reforms which require legislative action (note especially the House Republican Study Committee package), but the above executive steps would do much to alleviate the panic, assure markets, and protect taxpayers.

Folks,
When the federal government announced two months ago that it would prop up mortgage buyers Fannie Mae and Freddie Mac, CRP looked at how much money members of Congress had collected since 1989 from the companies. On Sunday the government completely took over the two government-sponsored enterprises, and we’ve returned to our data to bring you the updates, this time providing a list of all 354 lawmakers who have gotten money from Fannie Mae and Freddie Mac (in July we posted the top 25). These totals are based on data released electronically from the FEC on Sept. 2 and include contributions to lawmakers’ leadership PACs and candidate committees from the floundering companies’ PACs and employees. Current members of Congress have received a total of $4.8 million from Fannie Mae and Freddie Mac, with Democrats collecting 57 percent of that. This week we also wrote about how much money lawmakers had invested of their own money in the companies last year–a total of up to $1.7 million.
The two folks who got the most money from Fannie Mae and Freddie Mac were:
Chris Dodd: $165,4000
Barack Obama: $126,349
Wow.
That’s a lot of CASH.

Doesn’t anyone care that this is ILLEGAL? According to the Constitution (does anyone remember this document?), Article I, Section 7, only the House can originate an appropriations (financial) bill, never the Senate!

Pennies to People and Billions to Bankers. No more bailouts please. Economy needs to get real. With these artificial maneuvers, future generations will be exposed to great risks and lack of morals.

Why wouldn’t this work? This seems to be the better alternative to giving money to the people who created the problem in the first place….
The Birk Economic Recovery PLan
Hi Pals,
I’m against the $85,000,000,000.00 bailout of AIG.
Instead, I’m in favor of giving $85,000,000,000 to America in
a We Deserve It Dividend.
To make the math simple, let’s assume there are 200,000,000
bonafide U.S. Citizens 18+.
Our population is about 301,000,000 +/- counting every man, woman
and child. So 200,000,000 might be a fair stab at adults 18 and up..
So divide 200 million adults 18+ into $85 billon that equals $425,000.00.
My plan is to give $425,000 to every person 18+ as a
We Deserve It Dividend.
Of course, it would NOT be tax free. So let’s assume a tax rate of 30%.
Every individual 18+ has to pay $127,500.00 in taxes. That sends $25,500,000,000 right back to Uncle Sam.
But it means that every adult 18+ has $297,500.00 in their pocket.
A hu sband and wife has $595,000.00.
What would you do with $297,500.00 to $595,000.00 in your family?
Pay off your mortgage – housing crisis solved.
Repay college loans – what a great boost to new grads
Put away money for college – it’ll be there
Save in a bank – create money to loan to entrepreneurs.
Buy a new car – create jobs
Invest in the market – capital drives growth
Pay for your parent’s medical insurance – health care improves
Enable Deadbeat Dads to come clean – or else
Remember this is for every adult U S Citizen 18+ including the folks
who lost their jobs at Lehman Brothers and every other company
that is cutting back. And of course, for those serving in our Armed Forces.
If we’re going to re-distribute wealth let’s really do it…instead of trickling out a puny $1000.00 ( “vote buy” ) economic incentive that is being proposed by one of our candidates for President.
If we’re going to do an $85 billion ba ilout, let’s bail out every adult U S Citizen 18+!
As for AIG – liquidate it.
Sell off its parts.
Let American General go back to being American General.
Sell off the real estate.
Let the private sector bargain hunters cut it up and clean it up.
Here’s my rationale. We deserve it and AIG doesn’t.
Sure it’s a crazy idea that can “never work.”
But can you imagine the Coast-To-Coast Block Party!
How do you spell Economic Boom?
I trust my fellow adult Americans to know how to use the $85 Billion
We Deserve It Dividend more than the geniuses at AIG or in Washington DC.
And remember, The Birk plan only really costs $59.5 Billion because $25.5 Billion is returned instantly in taxes to Uncle Sam.
Ahhh…I feel so much better getting that off my chest.
Kindest personal regards,
Birk
T. J. Birkenmeier, A Creative Guy & Citizen of the Republic

CONS AND LIBS UNITED AGAINST ARROGANT GOVERNMENT, GUESS WHAT? AFTER WE SAID NO, CONGRESS IS POISED TO TRY AGAIN WEDNESDAY and vote to give the Executive Branch of government, and specifically the White House’s political appointees in the Treasury Department, the absolute right to take our money and give it to domestic and foreign banks and corporations without any oversight of elected officials, from the courts, or from the people.
The new legislation states: “Decisions by the Secretary [of the Treasury] pursuant to the authority of this Act are non-reviewable and committed to agency discretion, AND MAY NOT BE REVIEWED BY ANY COURT OF LAW OR ANY ADMINISTRATIVE AGENCY.” The Legislation allows the Treasury Department to appoint the same bankers who created the crisis to administer and dictate the use of trillions of our tax dollars.
The new system institutionalizes theft on a grand scale. Lehman Brothers bankers will receive $2.5 billion in bonuses after their company went bankrupt last week, but the new dictatorial authority under the White House and Treasury Department has ruled out any relief for the millions of working families who are being foreclosed.
We live in a $15 trillion annual economy. Instead of taking our tax dollars and giving it to the already rich and powerful, these funds should be used provide to decent paying jobs, affordable housing, health care and a good education for our children. There is another way!
Now is the time to hear the voice of the people. A spineless Congress authorized Bush’s illegal war in Iraq and rubber-stamped the Patriot Act. Now they are being herded like sheep again to give the White House and Wall Street dictatorial control over the people’s money.
SEND A LETTER TO YOUR CONGRESSIONAL REPRESENTATIVES AT THE FOLLOWING LINK:____
https://secure2.convio.net/pepib/site/Advocacy?JServSessionIdr001=rwz849uu63.app7b&cmd=display&page=UserAction&id=123