I am pissed at Congress. No I am not mad at the President or Barack or even McCain. But the freakin’ idiots that we have up there. We just experienced the greatest one day lost on the DOW and all I can hear the dumbass democrats up in Washington do is blame the Republicans for not passing the bill. You called their commander in chief a f***ing idiot for crying out loud and you expect them to vote with you? If your bill is so grand, why not pass it yourself, after all you have all the votes to do so. Pass the damn bill and take all the credit for it. I’m sure it will suite you well in the upcoming elections. Oh wait I forgot its the crappiest bill ever thought of in a long time. You’re telling me that a bill that gives over $20 billion to liberal left wing organizations is such a good idea? All you idiots want is the Republicans to put their signatures on that thing and than you (along with the drive by media) use it as a beating stick in their back sin a couple days. I thought this was supposed to be the Congress that fixed the problems we had when the Republicans were in a few years ago? So much for all your good plans. And don’t tell me its because of the President. Because the President backed allot of this bill and people were still outraged about it. So he was on your side for once and you still missed by a mile. Heck crude oil has dropped $11 today but it doesn’t even make sense cause half the people are more concerned about keeping their car than filling her up at the pump. Yes we lost more in one day ($1 Trillion) than this bailout would have cost us ($700 billion), but guess what, these greedy banks and loan sharks need to pay for their crimes. I don’t care if its gonna cost us 10 years before we have another record day on Wallstreet. But giving the banks nearly $1 Trillion to deal with the problems they created is just as bad as giving your teenager a gun to fix the problems he started. Who is Responsible??
Congressmen are afraid that voting for this will end their political career. At least keeping them from getting re-elected. http://time-blog.com/real_clear_politics/2008/09/financial_bill_vote_by_the_num.html
Isn't that what we send them to do, make the tough decision, if they are more worried about their congressional seat then they are about saving the American financial system then they should be voted out.
You people need to read the whole article. He is NOT in favor of the bailout. Congress is NOT protecting you when they hand $700B to the companies who have profited up until now on the financial chaos we've experienced. This bailout bill is fraud, theft, robbery, whatever you want to call it. The economy is f'd no matter what we do, and adding a huge new DEBT to it won't fix anything. What do I know, I majored in economics and political history - these geniuses in Congress pushing for the bill are lawyers
I'm a registered Republican and I emailed two legislators from my state and told them I hated this bill in theory for starters... but if they voted for this it with so much as a dime of pork in it I'd not just vote for their opponents, I'd campaign for 'em. I doubt I was the only one that contacted them. Pelosi has a majority if they really feel this legislation is needed, but they want to whine that the GOP shut this down? The GOP legislators had people in their districts threatening to unelect them in fast order... as I suspect the 96 Dems that voted against it also had. Granted, Pelosi didnt increase her odds by insulting everyone on the other side whose vote she wanted... but most likely she wouldnt have gotten enough votes with or without her totally brain-dead partisan diatribe. If she'd given oratory worthy of Churchill she'd most likely still found most of the GOP wasnt gonna buy their bacon-wrapped bill. The bottom line is the Dems tried to pack this thing with pet pork projects and sell it to us as something that would keep the sky from falling. If they really believe this is necessary they need to turn off their insane need to pack bills with crap while telling us it's really lunchmeat. Nobody's buying.
Gotta love pure bias, I see it's alive and well. I am glad the bill did not pass. The Republicans however sounded like a bunch of cry babies. Jesus stop the spin, both sides suck. Until people start to wake up to that fact and stop blaming 'but the other side did this' the problems will remain. The problems arent' even so much the elected crooks anymore but YOU people who are so blind you can't see your sides shit stinks just as bad as the other, leaving us with more of the same.
LogicFlux. The democrats had enough votes to pass this bill without the help of the Republicans. Ask them why they didn't make it happen. Most of the American people don't like the bill so of ocurse they are going to be concerned about their seat. If they vote for it they would be booted out and rightly so cause WE the PEOPLE do not like or want the bill. I am not going to deny that I have a bias towards the democratic congress. But let me ask you a question GRIM. If the bill was so good why did so many democrats vote against it. Secondly even with that they had enough votes to vote for it without the help of the Republicans. Why didn't they?
I really didn't have a huge opinion on the bailout. I leaned a little bit more towards not doing it. While I think this is as big of a problem as they say it is, I'm not so sure spending another 700 billion is best for the economy. One thing I do understand after owning several profitable websites (hence why i'm here in DP) I do know it takes money to make money. We can't just expect the situation to fix itself. Either way, I see myself paying for this later on down the road.
ROFL. Good God now you even use their campaign slogans... and we're the ones that won't admit things?
I was not for the bill. 'Their campaign slogans' Sorry I've been saying the same thing for years. Lets look at someone else who used 'more of the same' http://www.lewrockwell.com/paul/paul357.html Considering he's the one I still support, the one I am writing in, it couldn't be I use the term simply because I've used it previously, or that the guy I support says it. Nope it's gotta be because Obama uses it Well since 'change' is being used by McCain's campaign now I guess McCain now supports Obama! I see you use the same underhanded tactics. I do not support Obama, but I guess when you have absolutely no argument and are caught red headed saying your side's shit doesn't stink the best method is to lie yet again and claim something that is not. --- Republican Rep Scott Garrett is on CNN now and he admits Pelosi had NOTHING to do with why he voted no. Does not agree with the stance that Pelosi caused the bill to fail but the fill itself is why it was voted against. Now that is a response I can respect.
I hope they don't pass the rewrite either. The businesses that are running on credit will be hurt and will need to change their business model. Our entire government is running on credit. It's got to stop. Either we take care of it now or later. Our polititians are spineless. The same morons that broke the system are the architects of the fix.
Quite a few people are to blame. But, i'm already tired of hearing all the finger pointing. Its time to move on and figure out a solution, not just look at the problem while sitting on our thumbs.
The solution is for Washington to stay out of the mess and enforce the rules that are already established. The stock market falling is a non issue. The market is adjusting from the cooked books and will stabilize.
I hope you're right. I think there are some things that could be done (if we want to take some drastic measures) that doesn't require writing huge checks to the banks that are in trouble right now. Granted, I don't see any immediate solution, but one thing we could do is get our spending under control.
The goverment needs to stay out of this. They were responsible for the mess we are in (barney frank) and they should be the ones to fix it? All they're gonna do is make matters worse. Let the economy fix itself. See wallstreet is not doing no where as bad as they said it would.
I did find it rather endearingly cute that Barney Frank was so outraged about this whole thing this week under the circumstances... since when the White House economic advisor went to Capitol Hill in '03 trying to get better regulation on Fannie Mae and Freddie Mac the bought and sold opposition was bi-partisan... but the one the Wall Street Journal singled out especially for his adamant opposition was... yep... Barney Frank. Here's the article form the 2003 WSJ. I highlighted a bit. Note a few quotes... nice that this was noticed in 2003 but shut down by our Congress: Heres the story: http://www.wsj.com/article/SB106851042414562400.html?mod=article-outset-box
robjones you are 100% correct. If you notice Wallstreet did not do as bad as the liberal media promised it would do. All we need to do is let the market correct itself. The DOW was up 482 points. How great is that?
It's not the 'liberal media' claiming what it is, it's the experts when it comes to investments/banking, etc. The 'DOW' is also not the best indicator at the moment, I watched several experts on the situation talking about the credit from bank to bank. I forgot the specifics, it however is at an all time high. That is the concern, not the DOW numbers.
Of course the banks don't have money. WHose fault is that. Thanks to the democrats in Washington (backed by Obama) they were allowed to give everyone mortgages including the ones who could not pay and now they are paying the price. If the economy was about to crash as how NBC and CBS claim than the DOW would have taken another dive today. But no it didn't. And that has pissed them off because they want the economy to go down so everyone will get mad at the President and McCaina nd vote for Obama. SImple politics.