Senate Passes Bail Out Bill: 74-25: Obama makes McCain uncomfortable
By John Amato Tuesday Sep 30, 2008 8:43pmI'm watching my teevee now, but both Obama and McCain voted for it.
The Senate on Wednesday passed a $700 billion plan to stabilize U.S. financial markets, in a dramatic game of one-upmanship that sends the issue back into the lower chamber, where it narrowly failed on Monday.
The bill had no trouble exceeding the 60-vote threshold needed for passage after Majority Leader Harry Reid (D-Nev.) and Minority Leader Mitch McConnell (R-Ky.) hammered out an agreement late Tuesday. Mindful of Monday's 777-point drop in the Dow Jones Industrial Average, the two Senate leaders had worked unusually closely and quickly to cobble together a compromise in consultations with House leaders and the White House.
Reid and Mitch are speaking now...Dodd got major props...And then there's this.
So Obama crossed over into enemy territory.
He walked over to where McCain was chatting with Republican Sen. Mel Martinez of Florida and Independent Sen. Joseph I. Lieberman of Connecticut. And he stretched out his arm and offered his hand to McCain.
McCain shook it, but with a "go away" look that no one could miss. He tried his best not to even look at Obama. Finally, with a tight smile, McCain managed a greeting: "Good to see you."
Login or Register to post comments.
Yup...
thank you sirs, may i have another.
With no public hearings and no expert testimony.
Paulson's Plunder
The will of the people means nothing. The Senate just did exactly what they wanted to do. They got their majority of votes, and allowed those in "close races" in the 2008 elections to vote no, so they can keep their jobs.
Will We the Sheeple fall for this again? Vote them all out. Get rid of them all. At this point, they might as well just stop everyone's voting rights. We're done.
Who got the tax cuts?
Fear wins the day. Dubya has a big grin on his face right now.
.
.
.
Let the fun begin.
.
.
.
yeeaaahhh... but i think mr. dodd kinda sorta maybe threw nancy under a bus just now...
he was praising leadership for the "tone" that made it all happen...
maybe he didn't, but it's the first thing i thought of when he brought it up... "the tone"...
Thank God John McCain helped pull this off.
America, and the world that depends on us all, is safe and sound for another three months.
Next week another shoe or two or three will drop and they'll be demanding another $1.5 Trillion.
now everybody iine up
Can someone out there explain to me how cutting taxes is going to help anything? How the fuck less revenue is going to pay for this colossal
bailoutrescuebailout?Unreal. What am I missing?
rejoice obama mccain and the other corporation owned whores just sold out your kids!
LOOK at the freakin propaganda being put out there...!!!!
There has got to be a response to this crap...
http://www.dailymotion.com/video/x6wxmr_burning-down-the-house-what-caus...
Term limits or tea party's anyone?
feel the fudge being packed up your ass yet?
is rachel just awesome at this, or what... she does such great a job, even wingin' it...
makes me proud!
full of earmarks
suckers again the america public
for me will vote for nader
even has a race track built into it
even wooden arrows for children
america time to do jefferson proud
jefferson time in america
naw will be decades before americans awaken
now asleep or shopping at wal mart
it is just money and the dollar is worth less each day
I wish they would stop claiming that the tax payers are getting stuck with this. It's just not true. After they get done with all the tax cuts, there will be no more tax payers, and if by chance some will pop up in the future, does anybody believe that the national debt will ever get reduced? It will just keep climbing until the U.S.A. follows the U.S.S.R. onto the dung heap and the Chinese, Saudis, Indians and Mexicans will come and carve up the country.
This nation is SO fucked.
oh well, i wont be voting a straight democratic ticket this november....
dirtbags all around...
hopefully my rep will not be flipped; if she is, lord help me i won't vote republican, but there is some anonymous third party candidate on the ballot, and he'll get my vote....
paulson is the greatest trader alive....left and sold goldman at the top (half a billion dollars worth), bought the treasury for a handshake, and then handed it over to his old pals on wall street...
All it means is that the issue will be revisited by the House again. Nothing is written in stone. Yet. On Friday, I'll see if any changes are made to the bill and whether there are better proposals, or not.
Secondly, I'm going to stand by my choices in this election because this vote does not supercede any of the other issues that need to be considered. I'm not a fair-weathered person.
Well I know who I won't be voting for.
We have no choice. No Voice. Anymore, anyway.
What King Dubbya desires thus he gets.
IDIOTS! I will not vote for either party now. If this passes our government of fools will have laid the groundwork for this nations collapse.
Neanderthals in Washington get a clue! YOU DON'T PAY BAD DEBT WITH MORE BAD DEBT!
oh and with what money are we bailing this nation out with? PRINT, PRINT, PRINT PRINT
hello $100 bread and milk, but look at the bright side pigs and turkeys are free
The Very Bitter Ceci Hussein @ 23:
What she said.
I hope the GOP in the House is willing to fall on their sword for America.
Yes they will get the "blame" for the coming Depression, but it is a false blame. We all are to blame at some level!
Go on take the money and run
My ass is bleeding.....
Fuckin criminals. Including Obama.
Yep - Iraq certainly taught the American electorate a great deal. Of course the will of the people matter - the rich people that is. Fear fear fear fear fear fear fear. Fucking pathetic. Fuck-ing pathetic.
Whatever happened to stringing up crappy leaders by their toes, and letting old ladys spit in them.
The Very Bitter Ceci Hussein @ 23:
Amen to that!
BobbyG @ 20:
do not lose heart, the house will put a stop to this on friday....
for obama and mccain, it was a push.....it was untenable for obama to lead on this issue and oppose once it became a political hot potatoe....
i'll still vote for obama this week (ohio early voting)
harry reid is the big loser here; he must be good drinking buddies with mcconnell...or maybe they swap escorts.....
It has to pass the House tomorrow before we're Bushed...
Don't worry we know all Americans have $250,000 in cash reserves socked away for an emergency like this.
im writing in kucinich.
f obama, and my representatives.
MsJoanne @ 12:
You are missing the republican theory that more tax cuts increase revenue. In other words if you stop adding to your bank account your balance will climb.
You can see the proof by looking at the rise of the national debt during the Reagan and Bush 43 administrations. Both notorious tax cutters along with notorious deficit creators.
MsJoanne @ 27:
i'll third it.
The destruction of the two party system is the best case scenario that may yet emerge from this clusterfuck.
How many drinks did these CONgress people have to get to this? It's no wonder sober people are saying WTF?
ronhohn @ 38:
Yeah, that's what I thought.
If the mother fucker mcconnell has anything to do with it it is a pile of shit!
The bill the the Seente just passed it outrageous. When you begin to red through it, they have added earmarks for everything from money for NASCAR to why bears mate.
Take note of those Senators that voted for this crap and place their names on your fridge. When they come up for re-election, you know what to do. Also take take note of those in congress that will get the chance to vote on this garbage as well. Place their names on your fridge as well and in five weeks time, send them a clear message they will never forget with the power we have in our votes.
lotsa new names here... who all seem to be abitchin' too...
Taarak @ 35:
tack on another 150billion tomorow and its a done deal!
Obama showed real leadership, eh? Life on Earth had a nice run for 4.5 billion years, but I doubt it will make it through a McObama or Barack McCain Presidency.
but...but...I thought we were being silly by having an opinion when we aren't, you know, economists. Or did I misread John's previous post?
I've been hearing those panicky talking points all day, and I still don't buy it. Credit freeze, small business w/o payroll, no morgages, bullshit all the way!!!!
ohio progressive @ 34:
It doesn't matter about this bill. We are fucked. The simple truth is we have no actual money, we'll be borrowing this bailout from the Chinese, in order to yet again kick the can down the road so Congress can get re-elected and to get us past the presidential campaign.
We are running a sustainability deficit of about 130% -- i.e., we are increasingly consuming the future (this number is projected to rise to about 200% by 2050 or sooner). The noose is tightening.
McCain will cut all the earmarks. I heard him say it --- often.
Oh, I forgot to say "main street" 700 billion times, sorry.
So, while this is going on the GOP is launching a battle against Gwen Ifill moderating the Palin/Biden Debate because she wrote a book about politics and blacks.
What do they want, someone who wrote a "positive" book about mccain or the GOP? Gwen Ifill is a real Journalist, she is perfect for moderating this, she stands in the middle, is not an ideologue nor does she favor parties. She is about as neutral as you can get.
☺☻Bangkok Bob☻☺ @ 53:
MWB
Moderating While Black. It's a 3rd strike felony.
Crooks and Liars: Obama and McCain.
Andrew @ 44:
Andrew .... your gonna hurt your liver dude. Ease up.
Anyone have the list of how each senator voted?
"F" it, I'm early voting tomorrow and choosing Cynthia McKinney and voting every incumbent out. What else is there to do?
BobbyG @ 54:
didn't think of that, you might have a point.
If Obama played McCain's game he would never approach Republicans. He would never say anything good about those he disagrees with. He would never listen to criticism, or even acknowledge it, ala the neoclowns.
Americans are hip to the little things, even if they often gloss over the more important policy issues, and they are hip to Gramps McLame and his cantankerous ways and his airheaded running mate.
Say goodbye John, its back to Joe Lieberman's arms for good soon.
FDL'ers are fuming:
Obama Betrays the Middle Class: Votes for “Bail out the Rich Act”
By: Ian Welsh Wednesday October 1, 2008 6:21 pm
Is it just my imagination or did fox go from calling it a "rescue plan" all day (as per Bush rewording) to "bail out bill" the moment it passed?
☺☻Bangkok Bob☻☺ @ 53:
She beats Tom Brokejaw in the neutral dept.
BobbyG @ 61:
what's an FDL'r?
I think Obama really believes in this bill. He mentioned though it may not be the popular decision amongst constituents, he feels it is the right one. It would also have been very risky , even suicidal, to vote down the bill while McCain votes for it. This is no time to put on a cape and play hero to save the constituents as McCain attempted to do and he lost miserably. So Obama did what he sincerely thought was right while playing it safe at the same time. Good move on Obama's part as well as McCain's. This now becomes a wash when McCain "must" make a great move in the very near future to just stop the bleeding.
SeeWeed @ 58:
A vote for crazy isn't going to change anything either.
nel @ 62:
It's now an "Economic Recovery Plan."
By next June there will probably be a whole continent full of bankrupt, re-poed, and idle former WalMart shoppers, many of them with half of their skin tattooed and many of that bunch all revved up to "roll heavy and gun up" against the folks who screwed them.
klyde @ 57:
The ‘no’ votes came from
Sens. Wayne Allard (R-Colo.),
John Barrasso (R-Wyo.),
Sam Brownback (R-Kan.),
Jim Bunning (R-Ky.),
Maria Cantwell (D-Wash.),
Thad Cochran (R-Miss.),
Mike Crapo (R-Idaho),
Jim DeMint (R-S.C.),
Elizabeth Dole (R-N.C.),
Byron Dorgan (D-N.D.),
Mike Enzi (R-Wyo.),
Russ Feingold (D-Wis.),
James Inhofe (R-Okla.),
Tim Johnson (D-S.D.),
Mary Landrieu (D-La.),
Bill Nelson (D-Fla.),
Pat Roberts (R-Kan.),
Bernard Sanders (I-Vt.),
\Jeff Sessions (R-Ala.),
Richard Shelby (R-Ala.),
Debbie Stabenow (D-Mich.),
Jon Tester (D-Mont.),
David Vitter (R-La.),
Roger Wicker (R-Miss.),
Ron Wyden (D-Ore.).
☺☻Bangkok Bob☻☺ @ 64:
firedoglake.com
To simplify the bailout bill.
1. Wall street, Goverment, American households are all broke.
2. The government is going to tax American households (through printing of money and inflation) to get money for this bailout.
3. The government is then going to lend this money to Wall Street at a negative interest rate and lose money on it.
4. Wall Street is then going to lend it back to us through bank loans at a high interest rate.
5. American households will be discouraged to work due to high inflation and declare bankruptcy.
6. A high number of bankruptcies will cause Wall street to go into bankruptcy.
7. Wash rinse repeat till we have a serious depression or the value of the dollar is equal to 0.
☺☻Bangkok Bob☻☺ @ 64:
Firedog Lake er
McSame feels guilty because there are skeletons in his closet he is afraid will jump out everyday. I read this on on another site today and feel I should re-post it for more to see and read. McSame has a long history of dishonesty in his closet. Please pass this around for all to be better educated about the straight talk express.
http://www.phoenixnewtimes.com/1989-11-29/news/mccain-the-most-reprehens...
Does this mean we're supposed to still panic? Or have we been rescued?
Well, as long as Obama's huge ego clashed with McCain's huge ego, it wall all worth it. Maybe they can both donate their campaign booty to the cause.
Any second now.. Israel is going to bomb Iran... 5...4...3... the ultimate Repug weapon of mass distraction is about to be unleashed. Iran will retaliate and McNasty will spit out his dentures with excitement as his sprays his faecal fake war hero rhetoric. It will get sheeple's minds off of the fucked economy and Falin Palin's mammoth stupidity. The Repugs will jump for joy as soon as the first Israeli bombs fall on Tehran... It's the only way McSame can win...
What ever happened to REPRESENTATION?
"Sen. Dianne Feinstein (D-Calif.) said she has received 82,000 calls or e-mails from constituents opposed to the plan, and only 5,000 supporting it. Yet she said most people are only beginning to understand the ramifications."
torris187 @ 71:
"Aye"- Barrack Obama, (D-IL)
Johnny2Bad @ 69:
Thanks. I'm so disappointed in Sherrod Brown right now.
Jo @ 72:
I fear our once great nation is about to implode. The thought of another Great Depression never entered my mind. Then came Reagan, Bush I, Mr. Newt, Phil Gramm, and the Village Idiot (Bush II). They eagerly repudiated the New Deal stating that America no longer needed the "Depression Era" controls on financial institutions. The wisdom and foresight of FDR still amazes me. He and his advisors understood this country and its middle class. They displayed exceptional leadership, innovation, and compassion. Who will be the FDR of our time? "The only thing we have to fear is fear itself." I do indeed fear for our country.
BobbyG @ 61:
People don't react kindly to being handed a ticket to destitution.
So, get ready for another Great Depression I guess. FDR got us out of the last one with a lot of credit going to Eleanor. Anybody of his stature around today?
Not so's you'd notice.
....hate to say so,........but welcome to the slippery slope.........do you like the way we are picking up speed? As a man in my late forties, I can't begin to recall every little snip that has been cut into our constitutional fabric, but from seat belts, to the war on (certain) drugs, and on through forty years of open (yet covered up/over) corruption,......finally perhaps the American public will find a constitutional rock, tree branch or weed (so-to-speak) to grab on to in order to slow down our descent (decline).....but you know, fascism is fascism....and if we're to be honest with ourselves, we know that's the slope we've been on since the Civil War.....look out below.....
I am voting for nobody.
I am buying nothing but food for the rest of the year.
I plan on taking all my cash out of US banks, and "loaning" it to people in the third world via micro-credit or putting it into my credit union account.
JGR @ 65:
If you actually believe that, I have a bridge to nowhere for sale--real cheap, if you are interested.
this should surprise no one. Leadership does not care enough to look at the long term, but rather short term patches to solve entrenched problems. Bailing out Wall Street or any private industry for the purposes of making things appear better is not solving anything. It is like shoving a boat out to see that has holes in it. It will fill back up with water. What is happening is the political movement to make things appear better for election purposes and somehow keep the eye off the issues.
Margaret @ 74:
If this happens Israel will be wiped off the map. WWIII will commence.
Jo @ 81:
Dennis Kucinich and Marcy Kaptur, but the MSM will make sure no one notices.
SEC. 101. PURCHASES OF TROUBLED ASSETS.
(a) OFFICES; AUTHORITY.—
(1) AUTHORITY.—The Secretary is authorized to establish the Troubled Asset Relief Program (or ‘‘TARP’’) to purchase, and to make and fund commitments to purchase, troubled assets from any financial institution, on such terms and conditions as are determined by the Secretary, and in accordance with this Act and the policies and procedures developed and published by the Secretary...(emphasis mine)
_____
"ANY financial institution" -- as Paulson deems necessary. They took his 3.5 page plenary "deal memo" and added 447.5 pages of MEGO legislative morphine to it.
Yellow Cake is for Twinkies @ 84:
What would your suggestion be for Obama, then? Voting it down, the market crashes, and McCain walks away with the presidency? Get real.
Yellow Cake is for Twinkies @ 87:
Damn, I love those two. Also DiFazio.
SeeWeed @ 58:
cut off your nose!
I want Obama to win so i can come home for visits in the the US (not to mention wearing this old Canada T-shirt all the time is getting rank.
Jo @ 33:
this could have been better. I just don't like the 'lesser of two evils'.
g'd evnin! :)
MsJoanne @ 27:
Whoever you're choosing just decided to screw you and the rest of the nation and going to allow the FED debt us into oblivion, $700 billion is just the first of it. They just decided to help wipe out the middle class, but don't worry you'll get the point in about 2 or 3 years when the fecal matter hits the air disturbance device again but harder and with a bigger flying crap. As you roll out a $100.00 bill to pay for what should be $20.00 or even $10.00 of food to barely feed your family remember you were not a fair-weathered person.
JGR @ 65:
That horse race crap doesn't matter anymore. They've both proven to us what their politics are.
Duh
Now it's 810 BILLION, when you add the pork they all added to it. I hope the House cuts it down to zip. Remember congress, it's election time back home and main street didn't like it 60 to 1. No re-election = no raping the taxpayers money into your pocket. Say,what was that approvial rating for congress? I think it was around 9%,about the same as cheneys.
katy @ 91:
No matter who you vote for, we will either have a President Obama or a President McCain.
Period.
Barr, Nader, McKinney...it matters not...we will have either President McCain or President Obama.
Which do you want? It will be one of them.
L.A. Confidential @ 80:
amazing that dems give credibility to people with 9% approval rating.
JGR @ 89:
The Democrats control the Senate, no? This is Bush's bill, no? Why couldn't Obama convince Harry Reid to forget this bailout, and address the real problem of credit availability between banks? Oh, that's right, it could be all that cash he has taken from Goldman Sachs.
CoIntelPro for Pronktastic Victory Over SCLM, DIEBOLD, ESS and SEQUOIA! @ 93:
Unfortunately, should you look at this a a matter of lesser of two evils, every person in this country needs to ask OBAMA OR MCCAIN. If will be one of these two.
Evening, hon.
Obama has ONCE AGAIN betrayed us. Or has he? He might be Jimmy Carter Part 2 unless he plays his cards right. He will inherite a disasterous economy and the Repukes will point and scream at the do nothing Dem congress and do nothing Dem President. But Obama, who WILL be the next President, could become the next FDR if he makes some bold choices.
If Obama wants to make his mark he needs to drop the hammer down HARD on everything that is wrong with the country. There s no reason why needed to go along with this Bill. His team could have came up with something better. For instance.
Instead of bailing out these corporate cocksuckers. Use that 700 bill to actually buy the loans. Make the Government own them and put them at a fixed interest rate. Let the banks fail, arrest every single board member and CEO of those banks. Strip them of their assets. Liquidate the banks and put what's left into the treasury to help pay off this disaster. Announce that trops will be COMPLETELY out of Iraq not in 18 months but 8. Impliment a COMPLETE pull out, cut defense spending by at least 25% and put that mony into paying off the debt.
Also, nationalize the oil industry. Once again, arrest, try and convict every single board member and CEO of those companies. Strip and liquidate their assets towards paying off the debt. Use the 40+ billion a year oil industry profits to pay off the debt. Put a 50% tax on ANY company that manufatures products in another country like China or Mexico that doesn't have similar or equal human rights, workers right and enviromental protection.
Immediately invest 25 billion a year towards energy independence. Give tax breaks to car companies that manufacture and develop gas/electric hybrids or electric cars. Build MILES of solar farms in the southern states to harness energy. Build MILES of wind farms in every state. Create a universal healthcare system like that of Canada's that provides free healthcare to every single child, woman and man. Invest BILLIONS into evey single grade and high school. Use Obama's plan that if you enlist in the Peace Corps or the Army, we will give you a year of college for every year you invest in your country. Oh and we won't start any wars to get your ass shot off.
Just a few ideas I had......but I doubt Obama has the vision to do any of this.
MsJoanne @ 27:
evnin 2 u 2, MsJ.
MsJoanne @ 100:
I know there's not much choice. but politicians used to know and acknowledge what made this country great as well as how we got through crises.
CoIntelPro for Pronktastic Victory Over SCLM, DIEBOLD, ESS and SEQUOIA! @ 102:
:-)
MsJoanne @ 100:
Now I wonder why anyone would even bother to rig a voting machine.
OK ... I'm going to breakfast while my ATM card still works. (as long as I'm getting Thai Bahts)
SEC. 101. PURCHASES OF TROUBLED ASSETS.
(a) OFFICES; AUTHORITY.—
(1) AUTHORITY.—The Secretary is authorized to establish the Troubled Asset Relief Program...
________
"Troubled assets." LOL! Many if not most of which of which are beyond "troubled" -- they are pieces of contractual bad paper undergirded by NO actual tangible assets. They are not worth the value of the toner on the pages, notwithstanding that this or that one may tout a nominal "face value" in the millions to billions. Taxpayers are gonna buy utterly uncollectible paper for effectively infinitely more than they are "worth."
On another thread someone observed that everybody has turned into an economy expert.
I see the same thing here - but no one has any other solution in how to right the capsized ship.
From what I hear - cash infusion is required now in order for businesses to be able to borrow and keep their businesses going. Why they need to borrow to meet their payroll is beyond me - must be bad operation.
We need to all relax and think of the consequences.
☺☻Bangkok Bob☻☺ @ 107:
Stay safe, Bob.
Congratulations???
OK...fine...most "progressives" are going to vote for Obama. Whatever. I've given up hope that anyone has a clue when it comes to that election.
Could we at least agree that Nancy Pelosi needs to get out (she should be in jail, but first thing's first). Do everything you can to make sure Cindy Sheehan kicks her ass in November.
ohio progressive @ 34:
Untenable? Why doesn't Obama STAND UP? Isn't that what "change" is all about? Isn't that what you voted for in the primary?
Jo @ 110:
Hi Jo ... I will, thanks. by the way, I don't think this thing is any "hail mary" moment or anything like that. sometimes you have to hold your nose and take the medicine even if it was you mom who gave you the sickness to begin with. (speaking of metaphors). If it works we wont be as f*cked as we would be had we not taken the meds.
Look at the no votes. It's amazing to see some of the most left (Feingold, Sanders, etc...) and the most right (Inhofe, Bunning, etc...) on the same side. The Senate is so freakin centrist-right, that some far right loonies were on the right (correct) side for probably the first time in their careers.
From the little I've read, this Senate version is even worse, more tax cuts to the rich squeezed in on top of
bailoutrescue that is top down instead of bottom up. Obama should have pressed for at least some bottom-up measures like foreclosure relief, HUD funding, or a true progressive tax structure.The thing is, the game is not being changed at all. This is the elephant in the cubicle, it doesn't matter that much what happens on wall street, if we have a strong lower-middle working class that is producing and manufacturing at home. Wall street has become de-facto retirement savings due to corporate pressure and governmental incentives unfortunately, and so that will hurt a large portion of Americans no doubt, but in the long run, a strong economy is built by creating/manufacturing while lifting barriers against workers rights to even out the distribution of power created by production. Increase the role of Unions, make social security solvent, make a true progressive tax structure, outlaw monopolies, regulate the hell out of commodity markets, tax the hell out of dividend revenue and you won't have these paper bandits who make trillions out of speculating and playing a shell game with the US economy.
WASHINGTON (Reuters) - President George W. Bush spoke with Republican John McCain and Democrat Barack Obama on Tuesday about the financial crisis and the calls with the presidential candidates were "very constructive," the White House said.
Everybody on the same page...How Nice!
you guys are f&cking idiots, pissing away your children's futures because you're too chjicken$#!+ to take on the root of the problem, which is the federal reserve itself.
reminds me of 9/11. not a leader amongst you pantywaists. where is theodore roosevelt when we need him?
i quit the dem party; i'm bull moose from here on out.
This nation has become socialistic overnight. Might as well require 2 years in the armed forces.
BTW,
The 3rd Infantry Division’s 1st Brigade Combat Team has spent 35 of the last 60 months in Iraq patrolling in full battle rattle, helping restore essential services and escorting supply convoys.
Now they’re training for the same mission — with a twist — at home.
Party is fucking over.
ronhohn @ 109:
I can only tell you what I know from working in a small family owned business. You essentially operate on a line of credit as your profit margin is small and fluctuates from month to month. Some months you might have the capital for payroll, straight up, and sometimes you need credit to make it go. It is short sighted to look at a business as running in the black from month to month. You look, instead, in terms of your year. It usually takes a small business about five years to figure out if it will be a go or a bust. We have friends who just celebrated five years of having their pub open. that was the point at which they knew they were going to "make" it.
obama's a fuc%king joke and i hope his cowardly @$$ burns in hgell.
torris187 @ 71:
You have it almost right.
The bail out money is actually going to foreign investors like the Saudis and Chinese.
*hell
bullfrog @ 119:
How elegant.
bullfrog @ 116:
Careful then, they shoot those from helicopters don’cha know…
swinging stop watch....
BOOM
sucker punch in the face
and you fools fall for it OVER AND OVER AGAIN.
obama's a f&cking joke and may his bambi @$$ burn in hell.
MORE KORPORATE WELFARE COURTESY OF GWB !!!!
F**KING SELLOUT REPRESENTATIVES!!!!
Hope springs eternal.............. I don't think it will fly in the House on Friday.
It's loaded with Earmarks and Tax breaks for Korporate America (Bend over middle class taxpayers)
BTW ...... It's laughable that John McCain ranting about earmarks in the debate last week.... votes yes to this earmark laden P.O.S.
Is he a hypocrite or just senile...........We report , You decide!!
Do Not Feed.
Mark this.. .This will be a repeat performance. Next year/month/day they will need more money. And the problem is never solved.
This was the acid test for a republican. I thought they were against entitlement programs?
TakeOurCountryBack @ 125:
eric @ 117:
Socialistic? Ｒeally? Do tell.
eric @ 127:
Disfavored entitlement programs are those aimed at helping those swarthy (and worse) types.
BobbyG @ 126:
For sure.
Fanon @ 118:
But how long should a small, or any business operate in the red or on a shoestring? When I got out of the army, I applied for and got about 25 credit cards, most of them Oil companies for every gas staion in LA, but also an American Express, Diners Club, Carte Blanche, Bankamricard - all of them maxed out until I noticed how much more I could buy if I din't pay all that interest. So I did some belt tightening, and now they pay me rebates.
Why can't companies strive for the same goal and build up a sufficient fluid cash reserve?
So we will borrow $700 billion from the banks because the banks aren't lending money.
We then use that borrowed money to buy worthless assets from the banks so they will feel better and start lending money again.
We can't spend more than $700 billion at one time. We spend it.
We will hold onto those assets for a while to sell them when we can. Probably for a loss.
Then when we do, that money will be completely off the books and we can go back and borrow $700 billion more.
That is a ponzi scheme.
Alice X - (Click Here for Nader on the 'Bailout' Bill) - status quObama - change you can pretend in - @ 133:
No, from China.
MsJoanne @ 129:
We're all communists now! Can't be any worst then what we had for the last 8 years, eh Comrades?
bullfrog @ 124:
I am working in Boston this week. Boston cannot get a loan it needs to run the city. BOSTON. You know, one of the original cities? Boston, Massachusetts. That Boston.
Cities and municipalities throughout the nation cannot get money.
Money has got to be injected into the economy,
Businesses run on LOCs.
This is not solely a bailout of Wall Street...it affects us all.
I don't like it, but something has to be done.
MsJoanne @ 136:
It's Not Easy Bein' Green.
It must be nice to have the pleasure of giving my money, my child's money, and my not-yet-born grandchildren's money to Goldman-Sachs, et al. Strangely, I don't feel the love.
“This planet has - or rather had - a problem, which was this: most of the people living on it were unhappy for pretty much of the time. Many solutions were suggested for this problem, but most of these were largely concerned with the movement of small green pieces of paper, which was odd because on the whole it wasn't the small green pieces of paper that were unhappy.” – Hitchhikers Guide to the Galaxy
eric @ 117:
"Socialistic." Uh, I think you got the wrong end of the spectrum there. Its called Fascism.
Here are The 14 Points by Lawrence Britt.
Check out #9....
"The industrial and business aristocracy of a fascist nation often are the ones who put the government leaders into power, creating a mutually beneficial business/government relationship and power elite."
Bingo.
Let me put it all together for you.
China imports huge amounts of cheaply made clothing, toys, and plastic junk to America.
America in turn exports nothing of value to China.
Huge amounts of money leave America.
Chinese investors in turn drop this money back into Wall Street and buy lots of real estate.
The real estate market tanks and the Chinese investors realize that their investments on Wall Street are worthless.
ANGRY CHINESE GOVERNMENT orders Chinese banks to quit doing business with crooked Wall Street.
Patriotic American President Bush apologizes to Peoples Republic of China for his insolence, asks for forgiveness.
ANGRY CHINESE GOVERNMENT demands that crooked Americans repay honorable Chinese investors.
President Bush tells Americans that JESUS will come unless he gets exactly $700 billion from Congress.
President Bush tells stupid Americans that the crisis is the fault of poor black people and hispanics with bad credit.
I don't get it, is everyone hoping for a depression to teach "them" a lesson?
This bill is a win, McCain looks bad to his free market fundie supporters and Obama looks good to his socialist supporters. Oops, I said socialist, is that still a bad word after all this? Let's not be afraid of socialism or the free market and combine the strengths of both.
BobbyG @ 122:
But nicely @nn%tated.
No one will ever pay for this
Read my #19 above
talking about Palin -- oh, no one is talking about her.
ronhohn @ 132:
I like to think of the economy as an untamed animal. By throwing money at it is like getting it to snort coke, like the president did. The animal wants to live but we keep injecting it with uppers and downers, all 'rounders. If we let the animal alone it will survive because it naturally wants to survive. The economy has a life cycle and we are interfering with it to the point it will become drug dependent.
This problem is manmade and the government needs to get the fuck off of this thing and stop dry humping it.
MsJoanne @ 136:
YES. abolish the f&cking federal reserve, you coward. there is NOTHING in our u.s. constitution stating we have to be slaves under the whim of a PRIVATE BANK.
they will ALWAYS CONTINUE to play this game with us.
slay the beast now, don't be a CHICKEN$#!+ like MOST liberals, and your children will one day thank you.
we will NEVER be free as americans until we kick the international FASCIST banking cartel to the curb.
there is NO leader in the democratic party or the republican party. mccain's a lunatic and obama's a cowardly pantywaist.
where is THEODORE ROOSEVELT when we need him most?
rove, care to lend YOUR COUNTRY a hand?!
Johnny2Bad @ 69:
Cripes. Feingold and Inhofe voting the same side. Somethin' ain't right. (Okay, a lot ain't right.)
Note to Rep. Keith Ellison (MN-05): You vote for this pile of puke and your Green candidate opponent gets my vote in November.
Pete&Pete @ 142:
Sorry, but that proves, on so many levels, that a little knowledge is a very dangerous thing.
Login or Register to post comments.