bail me out too.

[towerclimber37]

I'm not convinced that there will be a collapse if it's not done today. Bush has been saying it needs to be done right now for several days. As far as I can tell, the world is still spinning.

Besides, it's not just democrats that want to look over the particulars of this plan. There are many republicans in opposition to just handing over 700 billion without asking any questions.

I'm one of 'em.

I have no intention of just handing over all that money on someone's say so.

as a matter of fact, where did all that money GO?? who took it and why can't we get it back from them? or at least as much as they have left..I'm willing to bet that if we took all the money from all the ceos' in the housing markets, and the bankers that gave all the stupid loans in the first place, we could get a little of that money back!

Edited September 28, 2008 by towerclimber37

[BryanP]

You do know that corporations predominately support Dems, right?

Most corporations give money to both sides. They want whoever is in power to feel beholden to them. The only time I've ever had an employer express an opinion it was made unofficially known that "If you're a good employee you'll vote Republican."

[Guest Honest AK]

We're in luck! Apparently Sarah Palin has it all figured out.

[ame]http://www.youtube.com/watch?v=txfqWzGMgmY[/ame]

Tell me that doesn't remind you of miss teen South Carolina.

[ame]

[/ame]

[Guest jackdog]

Honest AK

We're in luck! Apparently Sarah Palin has it all figured out.

yup they are both bimbo air heads

[Guest Gun Geek]

yup they are both bimbo air heads

LOL, I have to say she was a good pick by McCain but, this clip does not do her any justice. She got messed up in her notes or something. Internal thought "oops that is for the next question, ok, make it look like it was on purpose"

[Guest Mezzaluna]

Bailout failed 228-205

and the dow is -777.68 (-6.98%) for the day according to finance.google

the sky is falling

[Guest Honest AK]

“You were being asked to choose between financial meltdown on the one hand and taxpayer bankruptcy and the road to socialism on the other and you were told do it in 24 hours,†Representative Jeb Hensarling of Texas, head of the conservative group, said. “It was just never going to happen.â€

http://www.nytimes.com/2008/09/27/business/27repubs.html?hp=&pagewanted=print

[Smith]

The opposition will call it , but here is a video for those who don't want to read.

[ame]

[/ame]

[Guest 44M]

this is a very bad for democrats, I`m not republican and believe that they did screw up a lot but this time there is no pointing fingers at them and saying "it`s their fault"...I think what we have here is a crisis of the huge multi gazillion dollar corporations who forgot one thing...they get their money from the working man and a middle class, and this time American working man said "NO", no more cash for fat ass rich CEO`s and their bimbos... it had to be done, if they had successed and got their 700 billion that would mean that every big corporations in the case of financial struggle can count on goverment to get bailed out, and that is not fair, nobody bails out little mom and pop`s grocerie store when they get runned over by the local Wal-Mart... I think American people won this one, democrats and republicans, black and white, they all said NO, no more, it`s enough..it may ,very well, mean some harsh times comming to us but it had to be done...

Db

but this is a good lesson in this one too, corporations CAN NOT be bigger than a goverment, they have to be watched and controled by the goverment and not the other way around...

and the fact that Obama didn`t choose to be on the people side but was talking about giving those 700 billion away will, I believe ,cost him this elections...

Edited September 29, 2008 by 44M

[Guest Honest AK]

The opposition will call it , but here is a video for those who don't want to read.

There still hasn't been a single person in this thread say that Bush caused all this to happen or that he didn't try to do anything to stop it from happening.

Who are you trying to convince?

[Smith]

There still hasn't been a single person in this thread say that Bush caused all this to happen or that he didn't try to do anything to stop it from happening.

Who are you trying to convince?

I also don't recall that being directed in that way. I can see your ability to read threads goes hand in hand with your balanced view of this issue. I'm not convincing anyone. It is purely informative. Maybe you should go back to your "reality" of Call of Duty 4!

[Guest Honest AK]

You do know that corporations predominately support Dems, right? or do the talking points "feel" better to you. BTW Bush urged congress to fix the mortgage problem since he has been in office. On 22 separate occasion going back to 2002, he requested reform for this particular buisness section in teh economy.

Anger is fine when it is placed appropriatley. This is a congressioal problem. They wanted these loans made, they made the regualtion, they had comlete oversight, they blew it. This is not a Presidential issue.

Yeah, you're not trying to convince anybody.

[Guest jackdog]

Well, when it comes to blame this thing goes to both parties and more than just W's administration. The problem is dumb butt went to fear mongering right from the jump. If this plan can solve the problem then lay our exactly how it is to be done how much it will cost and the time frame involved. To just say we need to give wall street 700,000 B with out oversight or a solid plan is bull****. I want to know how this will help and exactly how the tax dollars will be used. To me it is merely more trickle down economics, and we know that does not work

[Guest Honest AK]

Well, when it comes to blame this thing goes to both parties and more than just W's administration. The problem is dumb butt went to fear mongering right from the jump. If this plan can solve the problem then lay our exactly how it is to be done how much it will cost and the time frame involved. To just say we need to give wall street 700,000 B with out oversight or a solid plan is bull****. I want to know how this will help and exactly how the tax dollars will be used. To me it is merely more trickle down economics, and we know that does not work

Be careful. Talk like that is going to get nate's cheerleader panties all in a wad again.

[Smith]

and that is the point. It started with Carter's CRA and through to Bush II. It spanned all those congressional classes as well. 700 billion won't fix the inability of congress to turn down power and money. This is not a corporate problem or a Presidential issue. It is congress that opened the door, made the laws, controlled oversight, granted permission, rejected reform, and now claims to have the solution.

I don't care so much about blame, but if you don't identify the problem you can't fix it. Immediate fix is deregulation of the lending sector to free the capital that is tied up, insure the loans, suspend capital gains, etc (current problem) and long term is term limits. As I've said before, these guys are there so long they get incredibly efficient at working the "game" to their benefit.

Corporations only have the power they have because the man behind the curtain (congress) grants it. as I said before congress uses big corp as a cash cow. By using regulation and legislation they are able to squeeze out "unfavorable" competition ensuring their donors get richer to make them richer. Is this one party issue? No it is a system issue. Anyone in the system is susceptible. Do Presidents? Sure, but because they are time limited so is their long term damage.

Being angry at corp Am. is like getting mad at the 150 lb 10 yr old for being fat. The 500 lb. parent is the real issue!

[Smith]

Well, when it comes to blame this thing goes to both parties and more than just W's administration. The problem is dumb butt went to fear mongering right from the jump. If this plan can solve the problem then lay our exactly how it is to be done how much it will cost and the time frame involved. To just say we need to give wall street 700,000 B with out oversight or a solid plan is bull****. I want to know how this will help and exactly how the tax dollars will be used. To me it is merely more trickle down economics, and we know that does not work

Other than the fact it did/does work.

[Guest jackdog]

nsnate02

Other than the fact it did/does work.

Really and just who does it work for?

[Smith]

nsnate02

Other than the fact it did/does work.

Really and just who does it work for?

Chasing rabbits, but for the sake of brevity: continuous wall street record highs since Reagan, home ownership has continually risen (current situation aside) since Reagan, more small business than ever before since Reagan, unemployment continually hit record lows since Reagan. Almost all economic markers have hit and maintained record highs since the implementation of Reagonomics despite different Presidencies and congressional classes.

It is obvious you will give no political success any merit and your cynicism is understandable, but the fact remains that even a broken political system can still use universal truths to success despite the politicians best efforts.

BTW - don't read my tone as antagonistic. I am a historian by degree and tend to look at things through that prism. Present hardships often cloud our view of the big picture. Much like the fear mongoring and gas "shortage" are going to give us false results down the road.

[Guest jackdog]

nsnate I certainly do not take your comments as antagonistic.

[Guest jackdog]

And now the idiots in the senate boost the bail out up 110 billion by adding pork to the package. Oh yeah both presidential candidates voted for this bill, when only a couple of weeks ago during the debate they where adamantly against any form of pork barrel legislation. Can anyone say lying bastards. Let's just hope the house has the balls to stop this insanity.

[Guest Honest AK]

Oh yeah both presidential candidates voted for this bill, when only a couple of weeks ago during the debate they where adamantly against any form of pork barrel legislation.

Yeah, but only one of them is a socialist.

[Guest Honest AK]

[ame]

[/ame]

[Guest Honest AK]

[ame]http://www.youtube.com/watch?v=5_dsFEw3-Y0[/ame]

[fury2neon]

Yeah, but only one of them is a socialist.

Sorry but McCain has never passed on a chance to vote for socialist legislation. If he is not a socialist then nobody is.

Yes, Obama is left of MCain. OK, OK, Obama is left of Stalin, Marx and Moa.

It's a shame that the moderates that founded this country are now considered right wing extremist.

[fury2neon]

Hey, why can't we get Jim DeMint to run for President. He sounds like he really gets it. And that is so rare in a politician.