bailout bill vote

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  • teskeinc
    teskeinc Posts: 1,784
    iam_NOTREAL wrote:
    Look again. It was the majority of Republicans who failed to support the bill, not Democrats, who voted 60% in favor.

    If anything, this is an indictment of John McCain's lack of leadership ability, not to mention another gold star for the legacy of the worst President at least since Hoover, if not of all time.

    And now it looks like House Republicans picked up their toys and went home because of Pelosi's speech. Jesus Christ.

    Psst...Bush's economic policies are disastrous. He did inherit a surplus and drive us into deficit. That's what's known as a fact.
    Isnt the reason you want a majority in the House or Senate to be able to dictate the outcomes of these things? Only 4 Republicans supported this bill last week, the Democrats managed to get that number up to close to 70. I know Bush sucks , so does everyone else, thats why not many Republicans supported this to start with. Why couldnt the majority (Democrats) vote together?
  • Black Diamond
    Black Diamond Posts: 25,109
    josevolution wrote:
    anybody wan't to join me and get drunk ...

    Are we in the greater Big Apple area? if so, absolutely! I just checked and they did put locks on the windows of my office building.
    GoiMTvP.gif
  • g under p
    g under p Surfing The far side of THE Sombrero Galaxy Posts: 18,237
    PEPPER wrote:
    Nancy Pelosi is in charge of a democrat run house...she doesn’t need a single republican vote to get a bill approved but since she and all other dems in congress are cowards she asks for help......she gets the OK from some republicans then goes out and blasts the republicans and the president.......its like asking for $5 then kicking the person in balls before they give it to you….I think Nancy P needs to grow the hell up.

    ....And so what blast the Republicans and take some blame for herself too. She didn't make up anything she said, anyway i liked what Dennis Kucinich said this morning before they voted give it a listen...

    "Is this the United States Congress or the Board of Directors of Goldman
    Sachs?" Rep. Dennis Kucinich Rejects $700 Billion Bailout *

    The House is set to vote today on a $700 billion emergency bailout plan for the
    financial industry. The proposed legislation was forged during a marathon
    negotiating session over the weekend between lawmakers from both parties and
    Treasury Secretary Henry Paulson. The 110-page bill would authorize Paulson to
    initiate what is likely to become the biggest government bailout in US history,
    allowing him to spend up to $700 billion to relieve faltering banks and other
    firms of bad assets backed by home mortgages, which are falling into foreclosure
    at record rates.

    Listen/Watch/Read
    http://www.democracynow.org/2008/9/29/is_this_the_united_states_congress

    Peace
    *We CAN bomb the World to pieces, but we CAN'T bomb it into PEACE*...Michael Franti

    *MUSIC IS the expression of EMOTION.....and that POLITICS IS merely the DECOY of PERCEPTION*
    .....song_Music & Politics....Michael Franti

    *The scientists of today think deeply instead of clearly. One must be sane to think clearly, but one can think deeply and be quite INSANE*....Nikola Tesla(a man who shaped our world of electricity with his futuristic inventions)


  • josevolution
    josevolution Posts: 31,784
    Black Diamond wrote:
    Are we in the greater Big Apple area? if so, absolutely! I just checked and they did put locks on the windows of my office building.

    yes very close to the city and will check the windows here :) .
    jesus greets me looks just like me ....
  • acoustic guy
    acoustic guy Posts: 3,770
    I don't know much about this stuff but IMO it would be wise to start from the bottom and work their way up first.
    Help the families who are in trouble and then slowly move up to the financial companies.
    I think the families are the ones with the greater risk. Again IMO, what the hell do I know.
    Get em a Body Bag Yeeeeeaaaaa!
    Sweep the Leg Johnny.
  • meme
    meme Posts: 4,695
    Where do I find an individual vote count? House site is down...
    ... and the will to show I will always be better than before.
  • Nevermind
    Nevermind Posts: 1,006
    Ron Paul: Bailout Will Destroy Dollar, World Economy
    Monday, September 29, 2008

    As a vote nears on the $700 billion dollar plus bailout bill, Congressman Ron Paul took to the House floor this morning to warn that the passage of the legislation will destroy the dollar and the world economy.

    Stating that the passage of the bailout bill would only make the problem worse, the Congressman from Texas said, “This has nothing to do with free market capitalism, this has to do with a managed economy, an inflationary system, corporatism, a special interest system, and this has nothing to do with the failure of our free markets and capitalism.”

    Paul blamed the current crisis on a Federal Reserve power monopoly over the money and credit system, the ceaseless borrowing and printing of money, and dismissed the bill as nothing but more of the same.

    “Long term this is disastrous,” continued the Congressman, “we’ve already pumped in $700 billion dollars, here’s another $700 billion dollars - this is going to destroy the dollar - that’s what you should be concerned about - if you destroy the dollar you’re going to destroy a worldwide economy and that’s what we’re on the verge of doing.”

    Paul said that the long term implications of the bailout would be a lot more serious than the problems currently being experienced by Wall Street.

    The Congressman called for more oversight and warned, “What we’re doing today is going to make things much worse.”

    Paul expressed his frustration that free market economists who predicted the crisis were being ignored while the people who created the problem were being given the responsibility to offer a solution.

    The Congressman was not afforded the time to read his full prepared remarks, but they were entered into the Congressional record and can be read at Paul’s [3] Campaign For Liberty website.

    Paul’s comments[4] follow those of Congresswoman Marcy Kaptur, who slammed the bailout bill this past weekend as the work of criminal insiders who have shut down the normal legislative process to commit “high financial crimes” and defraud the American people, while Rep. Michael Burgess warned that “martial law” had been declared by Nancy Pelosi in order to ram the bill through.
  • meme
    meme Posts: 4,695
    meme wrote:
    Where do I find an individual vote count? House site is down...

    nevermind, got it.
    ... and the will to show I will always be better than before.
  • Strangest Tribe
    Strangest Tribe Posts: 2,502
    I just spoke with the president of our local Bank of America and he says they'll still be in the lending business... He even gave me a refinance quote that's pretty sweet...

    People, the reason this bailout didn't happen is because it's only going to make matters worse.

    Forget about the fears being sold and use this opportunity to grab some stuff cheaply. It's possible that you could make your retirement right now by placing a few large in the market this week.
    the Minions
  • anotherclone
    anotherclone Posts: 1,688
    PEPPER wrote:
    Nancy Pelosi is in charge of a democrat run house...she doesn’t need a single republican vote to get a bill approved but since she and all other dems in congress are cowards she asks for help......she gets the OK from some republicans then goes out and blasts the republicans and the president.......its like asking for $5 then kicking the person in balls before they give it to you….I think Nancy P needs to grow the hell up.

    I feel like Pelosi didn't want this thing to be hung around the neck of Democrats and I really think it would have if it had passed with 100% Democrat support and ZERO (or minimal) Republican support. Republicans would have been running around the country saying "see, we care about Main Street and the Democrats bailed out Wall Street". That would have really gone over HUGE with the under-informed electorate in an election year. I really think it was a smart move for her to want bipartisan support in order to have it pass.
  • jimed14
    jimed14 Posts: 9,488
    Strangest Tribe wrote:
    I just spoke with the president of our local Bank of America and he says they'll still be in the lending business... He even gave me a refinance quote that's pretty sweet...

    People, the reason this bailout didn't happen is because it's only going to make matters worse.

    Forget about the fears being sold and use this opportunity to grab some stuff cheaply. It's possible that you could make your retirement right now by placing a few large in the market this week.

    well, I would not be doubling down on the market right now, but I would agree, good time to renegotiate loans and credit card bills ... banks are going to need money, and if they can get your money quicker, they are probably willing to negotiate.
    "You're one of the few Red Sox fans I don't mind." - Newch91

    "I don't believe in damn curses. Wake up the damn Bambino and have me face him. Maybe I'll drill him in the ass." --- Pedro Martinez
  • ajedigecko
    ajedigecko \m/deplorable af \m/ Posts: 2,431
    teskeinc wrote:
    the piper was already paid, we had a chance to stabalize the markets, it wasnt giving 700 billion to wall st. , it was about trying to allow people access to borrow money, just wait and see what happens.
    i understand it was about allowing people to borrow money....but my take is that "everything is out of balance" if you need to borrow money for all of the minor facets of life.

    i really can only speak for my situation though and do not try to speak for the people who will be directly impacted.

    i will stand by my assumption that not everyone should own a home or go to college.....it dilutes the value.
    live and let live...unless it violates the pearligious doctrine.
  • g under p
    g under p Surfing The far side of THE Sombrero Galaxy Posts: 18,237
    Strangest Tribe wrote:
    I just spoke with the president of our local Bank of America and he says they'll still be in the lending business... He even gave me a refinance quote that's pretty sweet...

    People, the reason this bailout didn't happen is because it's only going to make matters worse.

    This something of the effect of what Dennis Kucinich was saying this morning.

    Peace
    *We CAN bomb the World to pieces, but we CAN'T bomb it into PEACE*...Michael Franti

    *MUSIC IS the expression of EMOTION.....and that POLITICS IS merely the DECOY of PERCEPTION*
    .....song_Music & Politics....Michael Franti

    *The scientists of today think deeply instead of clearly. One must be sane to think clearly, but one can think deeply and be quite INSANE*....Nikola Tesla(a man who shaped our world of electricity with his futuristic inventions)


  • jbalicki10
    jbalicki10 Posts: 517
    Strangest Tribe wrote:
    I just spoke with the president of our local Bank of America and he says they'll still be in the lending business... He even gave me a refinance quote that's pretty sweet...

    People, the reason this bailout didn't happen is because it's only going to make matters worse.

    Forget about the fears being sold and use this opportunity to grab some stuff cheaply. It's possible that you could make your retirement right now by placing a few large in the market this week.

    I agree, lots of good bargains right now!!!
  • jimed14
    jimed14 Posts: 9,488
    HA HA HA ...

    a representative of the McCain campaign is now saying that the bill was sabotaged so McCain wouldn't look like he delivered on his promise to get the bill passed.

    It was Douglas "McCain was responsible for the invention of the the blackberry" Holtz Eakin
    "You're one of the few Red Sox fans I don't mind." - Newch91

    "I don't believe in damn curses. Wake up the damn Bambino and have me face him. Maybe I'll drill him in the ass." --- Pedro Martinez
  • blackredyellow
    blackredyellow Posts: 5,889
    jimed14 wrote:
    HA HA HA ...

    a representative of the McCain campaign is now saying that the bill was sabotaged so McCain wouldn't look like he delivered on his promise to get the bill passed.

    I saw that too... unbelievable... McCain's camp once again playing the victim.
    My whole life
    was like a picture
    of a sunny day
    “We can complain because rose bushes have thorns, or rejoice because thorn bushes have roses.”
    ― Abraham Lincoln
  • Strangest Tribe
    Strangest Tribe Posts: 2,502
    McCain better be careful he's looking more like a Democrat with all this.

    I guess that's being a Maverick but if he's supporting Bush then what does that make him? If I hear bipartisan one more time I'll hurl my lunch all over this keyboard.
    the Minions
  • inmytree
    inmytree Posts: 4,741
    Strangest Tribe wrote:
    McCain better be careful he's looking more like a Democrat with all this.

    I guess that's being a Maverick but if he's supporting Bush then what does that make him? If I hear bipartisan one more time I'll hurl my lunch all over this keyboard.

    bipartisan....!!!!
  • Strangest Tribe
    Strangest Tribe Posts: 2,502
    inmytree wrote:
    bipartisan....!!!!
    *erp*
    the Minions
  • blackredyellow
    blackredyellow Posts: 5,889
    PEPPER wrote:
    Shortly after the bailout vote, a statement from the campaign of Sen. John McCain (R-Ariz.) blamed the loss on "the Democratic leadership: Senators [Barack] Obama and [Harry] Reid, Speaker [Nancy] Pelosi and others.

    "Their partisan attacks were an effort to gain political advantage during a national economic crisis. By doing so, they put at risk the homes, livelihoods and savings of millions of American families," said the statement, released in the name of senior policy adviser Douglas Holtz-Eakin.

    Here is the text of the statement:

    “From the minute John McCain suspended his campaign and arrived in Washington to address this crisis, he was attacked by the Democratic leadership: Senators Obama and Reid, Speaker Pelosi and others. Their partisan attacks were an effort to gain political advantage during a national economic crisis. By doing so, they put at risk the homes, livelihoods and savings of millions of American families.

    “Barack Obama failed to lead, phoned it in, attacked John McCain, and refused to even say if he supported the final bill.

    “Just before the vote, when the outcome was still in doubt, Speaker Pelosi gave a strongly worded partisan speech and poisoned the outcome.

    “This bill failed because Barack Obama and the Democrats put politics ahead of country.” — McCain-Palin senior policy adviser Doug Holtz-Eakin

    Before McCain Came To Washington, Senate Democrats Called On McCain For Leadership In Economic Crisis

    Nice, in a partisan statement he calls out Obama and the Dems for acting partisan... I guess the Straight Talk Express doesn't have any mirrors on it.
    My whole life
    was like a picture
    of a sunny day
    “We can complain because rose bushes have thorns, or rejoice because thorn bushes have roses.”
    ― Abraham Lincoln

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