If the deomcrats really care about America they will not pass the bailout bill, let them die, we are screwed if they pass this.

As Capitalism Crumbles, U.S. Taxpayers Pick Up the Pieces – Robert Kiyosaki

finance.yahoo.com/expert/article/richricher/109941

'Little Hope' for Banks From Bailout: Whitney

www.cnbc.com/id/26853438

Well anyone can run their mouth and tell people what they think they want to hear.

What an asshat.

Dear American:

I need to ask you to support an urgent secret business relationship with a transfer of funds of great magnitude.

I am Ministry of the Treasury of the Republic of America. My country has had crisis that has caused the need for large transfer of funds of 800 billion dollars US. If you would assist me in this transfer, it would be most profitable to you.

I am working with Mr. Phil Gram, lobbyist for UBS, who will be my replacement as Ministry of the Treasury in January. As a Senator, you may know him as the leader of the American banking deregulation movement in the 1990s. This transactin is 100% safe.

This is a matter of great urgency. We need a blank check. We need the funds as quickly as possible. We cannot directly transfer these funds in the names of our close friends because we are constantly under surveillance. My family lawyer advised me that I should look for a reliable and trustworthy person who will act as a next of kin so the funds can be transferred.

Please reply with all of your bank account, IRA and college fund account numbers and those of your children and grandchildren to wallstreetbailout@treasury.gov so that we may transfer your commission for this transaction. After I receive that information, I will respond with detailed information about safeguards that will be used to protect the funds.

Yours Faithfully Minister of Treasury Paulson

"I think the de-regulation was helpful to the growth of our economy".........Well yeah, Senator McCain, and it is now complicit in the hyper de-flation of that same economy............see Fox guarding the chickens metaphor.

Here comes John McCottontail
Floppin' down the campaign trail
Flippity-floppin, happy on his way ...

It's a bitch when your own words come back and bite you on the ass, isn't it.

bush was the "uniter" and the "decider. McCain is now the "deregulator".

They put the economy on steroids, and now it's broken down, from excessive use of them. That is not healthy McDeregulator, it's a recipe for disaster.

Due to the high oil prices everything went up in price and all those prices were passed on to us, the consumers. Somehow most of us adjusted and kept on living. Now because financial institutions went bat shit crazy due to a lack of rules, they want to pass on the prices of these "toxic mortgages" to us too.

Why not just decree that all expenses will be added to our tab and we'll know the total cost at some unknown time in the future.

Is there any orifice where they haven't abused us by now?

Today on:
democracynow.org

Naomi Klein:
“Now is the Time to Resist Wall Street’s Shock Doctrine”
While the collapse of this country’s financial system continues to send shock waves around the world, we speak to the bestselling author of “The Shock Doctrine.” Naomi Klein says the public should be wary of the Bush administration trying to use the crisis to push through more of the radical pro-corporate policies that helped cause it in the first place.

My friends, nobody can accuse me of being regular. I haven't taken a good crap since the Cleveland Indians won the World Series.

That's why I'm so full of - what? Regulations?

Never mind.

This is a form of blackmail. We are being told if the bailout dosen' t go through all hell will break out. Businesses will close. People will lose their jobs. Loans will be impossible to obtain. I'm just waiting for the threat of locusts devouring the land.

This, I found at FOX news:

----->Why, for example, does the Bush administration balk at what seem like rational measures put forth by both sides of the aisle — A cap on executive compensation and a plan that lets the tax payers get the upside (if there is any). I find it unconscionable that the administration would not have proposed both of these to begin with.

Their answer was that the executive cap on compensation would be a disincentive to take the package. This is a red banner, not just a flag. What the Bushies are saying is that some executive that probably raked in about $30 million last year is going to let his or her company go down in flames because they can’t still take that bonus this year courtesy of the tax payers???

This isn’t the Congress’s first rodeo when it comes to power grabbing by the Bush Administration. Both parties are reminiscing, in a not so fond way, about how they gave the executive branch extraordinary powers in the wake of 9/11 and how America has been paying the price of the Imperial Presidency ever since. This time, they’re saying, just hold those horses down, Mr. Bush.

-*by: Ellen Ratner-

A new Republican slogan and a new drug hits the market.

Hey, for community organizers who are looking for something new to do since
s-chip didn't pass (remember that "hefty" sum we couldn't afford to spend on poor sick children?), maybe they can hold a bake sale for those poor corporations on wall street. I hear they need some help. compassion and all that.

After more than ten years of trying, of course every Republican (except a cowardly 'no-show' John McCain) voted in 1999 to repeal the Glass-Steagall Act S.900 remove all restriction ion the banking industry. More than any other one action, made the current financial crisis inevitable.

So lets see how that vote went for the Democrats...Only an eight courageous few voted against:

Boxer (D-CA)
Bryan (D-NV)
Dorgan (D-ND)
Feingold (D-WI)
Harkin (D-IA)
Mikulski (D-MD)
Shelby (R-AL)
Wellstone (D-MN)

And what Dems voted YAY?...effectively removing any chance that we avert this crisis.

Hmmmm, Lets see. Anyone we know?
*Akaka (D-HI)
Baucus (D-MT)
*Bayh (D-IN)
*Biden (D-DE)
*Bingaman (D-NM)
Breaux (D-LA)
*Byrd (D-WV)
Cleland (D-GA)
*Conrad (D-ND)
Daschle (D-SD)
*Dodd (D-CT)
Durbin (D-IL)
Edwards (D-NC)
*Feinstein (D-CA)
Graham (D-FL)
Hollings (D-SC)
*Inouye (D-HI)
Johnson (D-SD)
*Kennedy (D-MA)
Kerrey (D-NE)
*Kerry (D-MA)
*Kohl (D-WI)
Landrieu (D-LA)
*Lautenberg (D-NJ)
*Leahy (D-VT)
*Levin (D-MI)
*Lieberman (D-CT)
Moynihan (D-NY)
*Murray (D-WA)
*Reed (D-RI)
*Reid (D-NV)
Robb (D-VA)
*Rockefeller (D-WV)
Sarbanes (D-MD)
*Schumer (D-NY)
Torricelli (D-NJ)
*Wyden (D-OR)

Those still in the senate and voting are in *bold: Let's see how they vote on the bailout.

I think I can guess.

Maybe if we ended the Iraq invasion/war today and brought the troops home, we would have some extra money for a bailout. Plus, look at the lives we could save by having our soldiers out of the bulls eye of whoever the hell they are fighting over there.

For all these years bush has crowed about how our economy always bounces back. He cites the bubble that popped from the tech time, he talks about the economic conditions after 9-11 and even the war. Now we aren't "bouncing" back. The ball is flat and now it's our turn to fix the problem. I wonder if this bailout would be a consideration if he had another two years left in office? In other words, what if this had happened two years ago.

Does it take a fundamentalist

To channel the damned spirit of

jerry fallwell?

33 pissed off patricia Says:

For all these years bush has crowed about how our economy always bounces back. He cites the bubble that popped from the tech time, he talks about the economic conditions after 9-11 and even the war. Now we aren’t “bouncing” back. The ball is flat and now it’s our turn to fix the problem. I wonder if this bailout would be a consideration if he had another two years left in office? In other words, what if this had happened two years ago.

this kills three birds for the neocons:
1) they drain an additional $1-2Trillion directly from the government and give it to the obscenely wealthy - boosh's base(fahrenheit 9/11)

2) the paint the Dems into a corner: damned for giving in or damned for not helping 'save the economy

3) it leaves no money for any domestic programs whatsofuckingever.

The democrats better start coming up with the reals issues and FAST! The rest of the world is ready to drop us like a hot rock. and the other rest of the world is starting to fight back.

Lets hope the Obama campaign does a shorter version of this ad on Debate night. Every channel. especially Faux news.

Got De-regulation??
Thanks McCain

Benn Steil, director of international economics at the Council on Foreign Relations, has put forward a plan that sounds more reasonable than anything the Bush goons want:

Steil knows a thing or two about plans to clear the market for troubled mortgage assets, having presented one himself last December in the pages of the Financial Times. Steil and co-author Mark Fisch sketched out a proposal in which a new government entity, modeled after the Resolution Trust Corp. used in the savings and loan bailout of the 1980s, would evaluate mortgage-backed securities and classify those presented for sale in one of five tiers.

The government would offer to pay 70 cents on the dollar for Tier A assets, 60 cents for Tier B, and so on down to 30 cents for Tier E. The goal of this setup, Steil says, is to put a floor under asset values - an event that should bolster the credibility of financial companies' balance sheets. Setting a floor on the value of these assets could also entice the deep-pocketed opportunists who have largely kept to the sidelines - namely hedge funds and private equity funds - to enter the market, perhaps in some cases outbidding the government for the assets and thus limiting taxpayers' exposure.

http://money.cnn.com/2008/09/23/news/paulson_blank.fortune/index.htm?postversion=2008092311

Can you imagine the hyper-inflation that is going to occur because the government is printing $1 - $2 trillion dollars to bail out Wall Street. Talk about $20 a gallon gas and $25 for a gallon of milk. The Chinese and Europeans are not going to loan us that much money. We're talking about adopting the economic policies of the Weimar Republic. Talk about the road to fascism. It's just ridiculous. This policy is going to cause zero economic growth and lead to a catastrophic devaluation of the US dollar. What we need is FDR and a massive infrastructure building project. Spend the $1 - $2 trillion dollars to build thousands of environmentally friendly factories. It would create tens of millions of good paying jobs across the country.

This is a policy of print money and pray.

I hope McLiar keeps helping Obama and Dem's with his daily habitual lies, dishonesty and total stupidity.

upchuck said "This is a policy of print money and pray."

I honestly think this crisis is more frightening than the waging of war in Iraq and Afghanistan since 2001 (and my husband spent a year in Afghanistan with the 501st Airborne). By that I mean this is a demon that will stay with us longer and effect more of us directly.

Now that more and more of the status of our economy is becoming exposed, the sicker I feel... this impending sense of doom that my future (I'm 22), that our country's future, is likely to be faced with very hard times, for a very long time.

Instead going on like a broken record, some people need to do some actual research, especially those who fancy themselves a "reporter."

September 11, 2003 : ''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.''

http://query.nytimes.com/gst/fullpage.html?res=9E06E3D6123BF932A2575AC0A...