OT: $700 million dollar bailout defeated in the House.

[RossValoryRocks]

http://news.yahoo.com/s/ap/financial_me ... QVNF9v24cA

Good...maybe they can craft a piece of legislation that won't screw the people over while handing Wall Street everything!

[Tito]

You beat me to punch. I love it!

We need Ron Paul.

[nutz4Neal]

http://news.yahoo.com/s/ap/financial_meltdown;_ylt=AitsdRRi53lJlHBiQQQVNF9v24cA

Good...maybe they can craft a piece of legislation that won't screw the people over while handing Wall Street everything!

AMEN!!!

[RedWingFan]

Thank you house republicans.

[Gin and Tonic Sky]

Thank fuck someone has the guts to stand up to the socialist crap which will have all of us starving to death in a few years if it passes.....John Galt is back

[The_Noble_Cause]

We need Ron Paul.

He previously pledged not to endorse any singular candidate, but after Barr snubbed his PR event last week, Paul has officially thrown his support behind Chuck Baldwin.

[Tito]

We need Ron Paul.

He previously pledged not to endorse any singular candidate, but after Barr snubbed his PR event last week, Paul has officially thrown his support behind Chuck Baldwin.

Good man.

[conversationpc]

http://news.yahoo.com/s/ap/financial_meltdown;_ylt=AitsdRRi53lJlHBiQQQVNF9v24cA

Good...maybe they can craft a piece of legislation that won't screw the people over while handing Wall Street everything!

I called the office of Dan Burton, the representative from my district in Indiana, and urged him to vote against the bailout. The lady answering the phone said he had already decided to vote against it.

This bill would have given too much more power to the federal government. They've already done that with the Patriot Act. This would've been even worse.

[Tito]

http://news.yahoo.com/s/ap/financial_meltdown;_ylt=AitsdRRi53lJlHBiQQQVNF9v24cA

Good...maybe they can craft a piece of legislation that won't screw the people over while handing Wall Street everything!

I called the office of Dan Burton, the representative from my district in Indiana, and urged him to vote against the bailout. The lady answering the phone said he had already decided to vote against it.

This bill would have given too much more power to the federal government. They've already done that with the Patriot Act. This would've been even worse.

Do you know why John Hostelter lost in '06? He was a good congressman.

[conversationpc]

http://news.yahoo.com/s/ap/financial_meltdown;_ylt=AitsdRRi53lJlHBiQQQVNF9v24cA

Good...maybe they can craft a piece of legislation that won't screw the people over while handing Wall Street everything!

I called the office of Dan Burton, the representative from my district in Indiana, and urged him to vote against the bailout. The lady answering the phone said he had already decided to vote against it.

This bill would have given too much more power to the federal government. They've already done that with the Patriot Act. This would've been even worse.

Do you know why John Hostelter lost in '06? He was a good congressman.

It looks like he is the Representative from Indiana's 8th district.

[SteveForever]

I called and wrote my rep. Doggett to keep voting NO!!!!

[Voyager]

http://news.yahoo.com/s/ap/financial_meltdown;_ylt=AitsdRRi53lJlHBiQQQVNF9v24cA

Good...maybe they can craft a piece of legislation that won't screw the people over while handing Wall Street everything!

If they don't pass it, the economy will crash. People are saying that we need to punish Wall Street... but little do they realize that if this doesn't get passed, it's going to wreck the economy. You and I will be the ones who get punished. This money is needed to keep the economy moving along. If the banks don't get the money, they won't have any to lend. Bamm! The economy crashes. It's not a scare tactic - it's reality.

The problem now is that when the real bog bad wolf is at the door, nobody believes Dubya because he has cried wolf too many times.

[Don]

It sounds to me that all credit will be shut off. Punishing Wallstreet in a heavy handed matter will be like cutting off our nose to spite our face. It's going to be ugly.

[Voyager]

It sounds to me that all credit will be shut off. Punishing Wallstreet in a heavy handed matter will be like cutting off our nose to spite our face. It's going to be ugly.

Exactly. If they don't pass this, the terrorists will be laughing at us. We will be doing what they tried to do and failed - wrecking the U.S. economy. That is where our power is.

All fingers point to Dubya. No one believes him now. They are tired of his scare tactics. Now when people really should believe our leaders, they can't. However, millions of businesses and individuals live day-to-day on credit. When that gets locked up - and it will if this doesn't pass - the economy will crash. This is not a sky-is-falling trick. It's reality.

[conversationpc]

It sounds to me that all credit will be shut off. Punishing Wallstreet in a heavy handed matter will be like cutting off our nose to spite our face. It's going to be ugly.

Exactly. If they don't pass this, the terrorists will be laughing at us. We will be doing what they tried to do and failed - wrecking the U.S. economy. That is where our power is.

All fingers point to Dubya. No one believes him now. They are tired of his scare tactics. Now when people really should believe our leaders, they can't. However, millions of businesses and individuals live day-to-day on credit. When that gets locked up - and it will if this doesn't pass - the economy will crash. This is not a sky-is-falling trick. It's reality.

I think everyone agrees they need to pass SOMETHING. However, this bill they voted on today was not that something. Credit is already essentially locked up. Many people don't realize that on Wednesday, the week before last, credit froze completely for a time, the first time that's happened in our history (or at least since the Great Depression). If that happens again for a protracted length of time, we will see businesses start to go under like they're going out of style...literally.

[RossValoryRocks]

It sounds to me that all credit will be shut off. Punishing Wallstreet in a heavy handed matter will be like cutting off our nose to spite our face. It's going to be ugly.

Exactly. If they don't pass this, the terrorists will be laughing at us. We will be doing what they tried to do and failed - wrecking the U.S. economy. That is where our power is.

All fingers point to Dubya. No one believes him now. They are tired of his scare tactics. Now when people really should believe our leaders, they can't. However, millions of businesses and individuals live day-to-day on credit. When that gets locked up - and it will if this doesn't pass - the economy will crash. This is not a sky-is-falling trick. It's reality.

Who are you two?? Speech writers for Nancy Pelosi???

This mess was created by them ALL...Democrats, Republicans and independents alike. John McCain TRIED to get something done in 2005, and was blocked by BOTH Republicans and Democrats.

The Bush administration tried no less that 17 times since 2003 to get Congress to listen.

Even Bill Clinton said the Democrats stopped him and THE REPUBLICANS from passing any legislation that would have tightened up regulation on Fannie and Freddie. ( The the election thread to see the quote and the clip from the interview.)

Now as to the Bill that didn't pass, if Nancy Pelosi hadn't gotten up and spouted off just prior to the vote, it would have passed, but the partisan old hag had open her yap and spew.

Not ONLY that the Bill wouldn't have done anything for anyone here. It would have added tremendously to the national debt, and screwed Joe and Jane average tax payer, while not fixing a DAMN thing.

If it wasn't 5 weeks before and election this whole thing would have been glossed over by congress and the market allowed to correct itself. Which is EXACTLY what it should do.

Our country has become remarkably short sighted, and never looks beyond the next 2 months. The stock market has returned an AVERAGE of 8% per year, averaged over time.

If people wouldn't panic irrationally over this it would correct itself in a matter of days or weeks.

Yes it is bad, and yes people lost money today, and probably will tomorrow, but that is short term, long term they will make it back and then some.

[SteveForever]

I love women in power, but Pelosi needs to step aside, she's a wreck.

[BobbyinTN]

It was Bush pushing for the fucking bailout and all you people do is blame democrats. How selective of you and how fucking predictable. You fucks who supported Bush through this whole thing should be the ones with extra money to pay back.

[Maui Tom]

It was Bush pushing for the fucking bailout and all you people do is blame democrats. How selective of you and how fucking predictable. You fucks who supported Bush through this whole thing should be the ones with extra money to pay back.

anyone who uses "you fucks" in threads like this pretty much lose any credibility they may have had going in.

[Voyager]

Why is it that Bush, McCain, and Obama all three back this bailout plan? It's because they have access to see things that we don't. All bitching and venting aside, the bottom line is that if this bailout doesn't pass the economy will crash - and it will crash hard.

I guess we'll wait and see.

[RossValoryRocks]

It was Bush pushing for the fucking bailout and all you people do is blame democrats. How selective of you and how fucking predictable. You fucks who supported Bush through this whole thing should be the ones with extra money to pay back.

Yes he was, and he was wrong. BUT...it would have passed if Nancy Pelosi hadn't bloviated just prior to the vote with a partisan rant.

This bill was TERRIBLE for you, and me, and everyone else...they can do better.

Contrary to what Dave says though, the credit market, while tighter, is not frozen or even close. The latest reports from the Teasury Department say that while credit now is harder to get it isn't as bad as people are saying.

[Voyager]

It was Bush pushing for the fucking bailout and all you people do is blame democrats. How selective of you and how fucking predictable. You fucks who supported Bush through this whole thing should be the ones with extra money to pay back.

Yes he was, and he was wrong. BUT...it would have passed if Nancy Pelosi hadn't bloviated just prior to the vote with a partisan rant.

Pelosi can go have wild sex with Hillary Clinton as far as I am concerned. I could care less about what she says. I'm more concerned about the U.S. economy.

[RossValoryRocks]

Why is it that Bush, McCain, and Obama all three back this bailout plan? It's because they have access to see things that we don't. All bitching and venting aside, the bottom line is that if this bailout doesn't pass the economy will crash - and it will crash hard.

Why argue the facts?

Why did they support it?? Because it is an election year that's why. But the American people are dead set against this bailout, as it presently is crafted, so a number of Republicans and Democrats know that so they didn't vote for it.

Actually in this case the government doesn't have access to anything we don't, except $700 billion.

The plan as passed wouldn't have done jack shit for you or me or anyone you know.

It was a panacea to get them through the election cycle and nothing else. It would have fixed NOTHING.

[RossValoryRocks]

It was Bush pushing for the fucking bailout and all you people do is blame democrats. How selective of you and how fucking predictable. You fucks who supported Bush through this whole thing should be the ones with extra money to pay back.

Yes he was, and he was wrong. BUT...it would have passed if Nancy Pelosi hadn't bloviated just prior to the vote with a partisan rant.

Pelosi can go have wild sex with Hillary Clinton as far as I am concerned. I could care less about what she says. I'm more concerned about the U.S. economy.

Yeah but she tried to use the bully pulpit to score political points during a time the whole DC Establishment had decided to put partisan politics aside. And what about the rest of the post I made, no response except to this part?

[Voyager]

It was Bush pushing for the fucking bailout and all you people do is blame democrats. How selective of you and how fucking predictable. You fucks who supported Bush through this whole thing should be the ones with extra money to pay back.

Dude,, Goerge is trying to be POTUS for everyone. That's his job. I think it's safe to say that he doesn't want to leave DC with this on his head.

I think it's safe to say that he is going to.

The lack of a bailout will only help Obama's chances in November. That's why I cannot figure out why it was the Republicans who blocked it. That doesn't make any sense. They finally vote against Bush at the wrong time. Although I am an Obama supporter, I think they should do the bailout. If they don't, it will guarantee a win for him because the George Bush economy will crash hard - but I don't want it at that cost.

[Voyager]

It was Bush pushing for the fucking bailout and all you people do is blame democrats. How selective of you and how fucking predictable. You fucks who supported Bush through this whole thing should be the ones with extra money to pay back.

Yes he was, and he was wrong. BUT...it would have passed if Nancy Pelosi hadn't bloviated just prior to the vote with a partisan rant.

Pelosi can go have wild sex with Hillary Clinton as far as I am concerned. I could care less about what she says. I'm more concerned about the U.S. economy.

Yeah but she tried to use the bully pulpit to score political points during a time the whole DC Establishment had decided to put partisan politics aside. And what about the rest of the post I made, no response except to this part?

Couldn't find any issue with it. I agree with you on most parts. But we may not see eye to eye on the big picture.

[RossValoryRocks]

It was Bush pushing for the fucking bailout and all you people do is blame democrats. How selective of you and how fucking predictable. You fucks who supported Bush through this whole thing should be the ones with extra money to pay back.

Dude,, Goerge is trying to be POTUS for everyone. That's his job. I think it's safe to say that he doesn't want to leave DC with this on his head.

I think it's safe to say that he is going to.

The lack of a bailout will only help Obama's chances in November. That's why I cannot figure out why it was the Republicans who blocked it. That doesn't make any sense. They finally vote against Bush at the wrong time. Although I am an Obama supporter, I think they should do the bailout. If they don't, it will guarantee a win for him because the George Bush economy will crash hard - but I don't want it at that cost.

Oh Obama is going to be elected, the Republicans in the House voted out of conscience for one, not their political interests.

McCain checked out last week. He doesn't want to be President this term, no matter who is they are a 1 term President. The deck is stacked against anyone being elected and doing anything worthwhile.

[S2M]

It was Bush pushing for the fucking bailout and all you people do is blame democrats. How selective of you and how fucking predictable. You fucks who supported Bush through this whole thing should be the ones with extra money to pay back.

Dude,, Goerge is trying to be POTUS for everyone. That's his job. I think it's safe to say that he doesn't want to leave DC with this on his head.

I think it's safe to say that he is going to.

The lack of a bailout will only help Obama's chances in November. That's why I cannot figure out why it was the Republicans who blocked it. That doesn't make any sense. They finally vote against Bush at the wrong time. Although I am an Obama supporter, I think they should do the bailout. If they don't, it will guarantee a win for him because the George Bush economy will crash hard - but I don't want it at that cost.

Oh Obama is going to be elected, the Republicans in the House voted out of conscience for one, not their political interests.

McCain checked out last week. He doesn't want to be President this term, no matter who is they are a 1 term President. The deck is stacked against anyone being elected and doing anything worthwhile.

Many 1-term presidents suffer from inheriting the woes of the previous administration....

I'm not sure the general voting public knows exactly what CAn, and CANNOT be accomplished in a presidency.

and I'm not sure a candidate knows either. If they did, they'd never promise half the stuff they do.

And I can't believe that other members of congress block things that would be good for the people due to partisan politics....

[RossValoryRocks]

And I can't believe that other members of congress block things that would be good for the people due to partisan politics....

The bill in question WOULDN'T be good for the people is why the Republicans, and 95 Democrats didn't vote for it.

It is pork in the worst sense, and it wouldn't do jack for you or anyone else.

[S2M]

And I can't believe that other members of congress block things that would be good for the people due to partisan politics....

The bill in question WOULDN'T be good for the people is why the Republicans, and 95 Democrats didn't vote for it.

It is pork in the worst sense, and it wouldn't do jack for you or anyone else.

I wasn't talking about the bailout....just in general....

I know the bailout is bad for the people, Stu....