Views on the Bailout… um, Investment

We can wait 4 more months to clean this mess up in the New Year with President Obama..

Ohio (20) Obama 45.1 McCain 46.7 McCain +1.6
Pennsylvania (21) Obama 47.0 McCain 44.5 Obama +2.5
Florida (27) Obama 46.0 McCain 48.0 McCain +2.0
Virginia (13) Obama 46.0 McCain 47.3 McCain +1.3
Wisconsin (10) Obama 48.0 McCain 44.8 Obama +3.2
Colorado (9) Obama 48.4 McCain 44.4 Obama +4.0
Minnesota (10) Obama 48.0 McCain 45.2 Obama +2.8
Indiana (11) Obama 45.5 McCain 47.8 McCain +2.3
_ _ _ _ _ _ _ _ _

The Republican National Platform adopted 3 weeks ago opposes the bailout.
Will McCain blink?
Here is what the Platform says:
“……
We do not support government bailouts of private institutions. Government interference in the markets exacerbates problems in the marketplace and causes the free market to take longer to correct itself. We believe in the free market as the best tool to sustained prosperity and opportunity for all.
…….”

I have never saw a bunch of useless, dysfunctional, corrupt, etc. as the people in Washington representing “We the People”. They were sent there by the voters to represent them and have failed miserably. Truly sad for the working class in the great U.S.A.

Why should the general public bail out these companies. Will we get bailed out if we over extend or make otherwise bad decisions and pocket countless thousands as a bonus? NOOOOO!!!

were the laugh stock of them who did the job well done

I am a retired totally disabled vet and the only thing that comes to mind in this instance is Fool me once shame on me….

I am torn because I do feel Mr. McCains 1st priority & allegance is his Original job & to this Country- which Mr. Obamaha seems to feel & has shown in the past doesn’t matter to him. I do feel Mr. Obamaha is more concerned with ‘making history’ in MS than helping NOW to fix what whoever is elected will have to face when place in that office of President.
Stop the fancy mouth work & put your actions where you mouth is! Show us the Leadership you all keep bragging about!

Whatever happened to responsible government? Power and greed and put us here. The “Fear” card was pulled from the deck. Who will fund this irresponsibility? American taxpayers. It has worked in the past. We are victims of these “Quick” decisions. Now is the time to make the thoughtful decision. Make democracy work.

Pelosi is putting “riders” on legislation …. she and other dems don’t want all the profits from this bailout to be returned to the American taxpayer.
Pelosi is earmarking 20% of any profits go to ACORN and LA RAZA.
This is a deal breaker.
TAXPAYERS SHOULD GET ALL OF THE PROFITS.

Here’s an idea: How about all those corporate executives, board members and other billionaires and multi-millionaires put up their money to bailout the economy? They have all the money and their greed and thirst for power is largely responsible for the problem so they shouldn’t have any problem with this idea. I mean if the taxpayers, who are largely NOT responsible for this fiasco can be TOLD they have to bailout these pirates then it seems to me our government shouldn’t have any problem TELLING those who stole, err, umm, I mean, EARNED all the money to do the bailout. And besides, they haven’t anything to lose; it will all get paid back, right?

This bailout still reeks big time. I still see every opportunity for this to be the largest case of fraud in the history of mankind. The very fact that the Bush administration came up with this plan tells me we should run the other way. And tell me, should we trust Paulson, formerly of Goldman Sachs, to single handedly administer $700 billion dollars? Think about that! And the plan originally called for no oversight, no limits to executive compensation and no legal consequences for wrong doing! You tell me if that doesn’t send up warning flags.

When Reid was screaming that McCain needed to “weigh in” on the bailout… you and others criticized McCain.
Then after speaking with the Republican leadership and realizing that the deal was not going to go through, McCain took the high road and decided to put the people above his campaign.
MCain decided that this financial crisis was something that was more important than campaigning and he called Obama to get them both to go to Washington and try to broker this deal.
And you condemned him for doing his job as a Senator!
The Democratic leadership took this opportunity to put some of their pet projects into the bill…that would cost the American tax payers Millions more $$. But instead of talking about the politicizing by the Democrats of a bill that is needed for the financial security of our county, you only had more critical things to say about McCain.
So true reporting of facts in this country is only rarely seen in the current media.
The media is, for some reason I can not fathom, working to get Obama elected. Just like they are a part of his staff.
So if you want your tax dollars given to special interest go ahead and vote for Obama.
If you want someone for President that will stand up and fight for us even when all the press can do is criticize him, then vote for McCain!

I agree with June. I’m not sure which is worst anymore the US government or the left wing “so called” main stream media. If the american people could get REAL media coverage – unbiased & fair then maybe we would stop “dumbing down” America. All you have to do is look at the coverage of Sarah Pallin to see this. By the way were are all the tough questions for Joe Biden??? Where is his sinister glaring interview with Katie Curik? ABC, NBC, & CBS all seem like junior high school girls loaded with puppy love for Abomba!

I am writing in Ron Paul in Massachusetts. He is the only one with the judgment, intelligence and knowledge of all issues related to running an effective federal government.
This is not an “investment”; this is rewarding both greedy and unethical behavior involving greed, which is being made an “urgent” issue – as if the sky is going to fall in if nothing is done. Nonsense.
Our Congeress is enabling a criminal Federal Reserve and out of control federal government to continue on the path of disaster: injecting taxpayer money (well over a trillion dollars so far, plus the current entitlements, foreign aid, empire and other nonsense to continue) instead of letting the kid fall off the training wheels, get bruised, get up and move on, but learn.
Write in Ron Paul 2008!
McCain & Obama are both criminals who are destroying our country. More of the same – no more blank checks – we need Ron Paul for President.
No wonder they didn’t want him on the air prior to the primaries, but now they have him all over the television with his wise knowledge about these events? The media is criminal.

Petosi and Reid should be at home baking cookies or brownies for their grandkids not messing with the US Economy. Talk about the two dumbest people that are only a half step behind Barney Frank. Useless the whole lot of politicians. Acorn bailouts, Acorn is a socialist organization – it needs to be disbanded, not $100M in tax dollars given to them by Petosi and Reid.

“The Grasshopper and the Ant”
To paraphrase Lenin, who thought religion was the “opiate of the people”. I think the opiate of the people is credit.
The financial system’s basic problem is credit, or lack of it. The most visible factor contributing to this has been residential housing mortgages.
But that is only the most visible symptom, not the basic cause. The real cause is the American public’s attitude “enjoy the good life now and worry about paying for it later”. This attitude has been aided and abetted by a whole range of unscrupulous, greedy, and stupid players. Among those have been bankers, real estate dealers, and elected officials. Lesser contributors have been all those who sold merchandise on credit to those who really couldn’t afford it. Among, them are new car dealers and other retailers of every ilk. The result has been a growing debt among average Americans that they can’t possibly repay… ever. And those that extend credit don’t want them to – they only want the interest paid and the basic debt to continue and grow forever. In effect, they have transformed the American public into little more than surfs. They “owe their soul” to creditors, with no hope (or intent?) to pay off the principle.
The federal government’s response to the latest symptom (not cause) of this problem is to facilitate its continuance by affording the creditors’ (banks, and by extension car dealers, retailers, etc.) additional “crack cocaine” (i.e. credit) to feed the habit of its willing victims. The cost of doing so will, again, be charged off to future generations. By printing more money to pay for this new credit, the government is devaluating the value of my hard earned savings and the lifetime it took to save it.
No one in Washington seems to have the guts to say “enough”! No one there seems prepared to let those who caused and/or participated in the “crack cocaine party” suffer the consequences of their addiction. Instead, they prefer to give the addicts more dope (credit) and let savers and future generations pay for it.
To those who say “The economy will collapse if we don’t act”, my reply is “let those who caused this mess enjoy the ride”. That includes banks, wall street, realtors, and stupid creditors (including those who bought homes they couldn’t afford). Those of us who have worked hard, saved our money, and aren’t in debt for things we could afford will survive just fine thank you – regardless of how many grasshoppers die in the financial winter to come.
Remember the “Ant and Grasshopper” story from childhood.

ust read that part of the “greedy wall street pay them twice” bailout package includes a provision to provide “reasonable” severance packages. Reasonable? Are you kidding me? How about, “there’s the door, get out, there may be a perp walk in you future”. To suggest that they should get a dime of taxpayer money after they’ve all profited by millions of dollars on this debacle of their creation. If they’re leaving for whatever reason, they should get nothing but our disgust. For those that stay on help clean up their own mess, make them GS-14 pay grades. And I am dead serious when I say that some of these better do jail time, and have their personal properties seized.

Bail out! Are you kidding me? These Fortune 500 financial giants have committed mortgage fraud on a unimaginable scale by allowing stated income loans (that’s you telling the bank you make a gazillion dollars and the bank saying great we believe you no documentation required) and accepting people with no or bad credit. Instead of giving out “OUR” money to these banks the FBI should be giving out warrants. I have not read anywhere in the proposed Bail Out that deals with the root cause of bad credit, stated income lending. So history will eventually repeat itself.
I hope every Democrat and Republican who votes for the Bail Out is in turn voted out of their office. The reason almost every politician is in favor of the bail out is because these financial giants have contributed a lot of money to almost EVERY politician. All the Bail Out stands for is your elected officials turning around and scratching their contributors backs.
They think the American People are stupid and won’t realize what’s really going on. I for one am not fooled. Not fooled by the Bail Out and definitely not fooled by Moron Bush’s “Oh my god the sky is falling” speech. When a group of people and large companies do something bad, bad things happen.
Throwing a first pitch of 700 billion will not solve the problem. It will only slow the inevitable down and oh yeah turn the value of the American dollar into confetti by creating 700 billion dollars worth of inflation.

Yeah right, another mess for our next President…Obama……..to clean up. Go figure, BUSH made a mess the whole time he has been in office he may as well go out that way…..