Comments on: REJECTED! BAILOUT BILL KILLED IN THE HOUSE

By: Jack Ferguson

Jack Ferguson — Tue, 30 Sep 2008 23:34:09 +0000

The ticket to this soap operat will only cost you $6,300. What a deal! Bad actors, cheap makeup, crying, whining, begging, fear mongering, and much more. Step right up, you might even get a pass to the ranch after the term, and see them having a great time spending our money.

By: Sean Michael

Sean Michael — Tue, 30 Sep 2008 18:17:56 +0000

I read the bailout plan, all 110 pages. I told everyone of my representatives if they voted for it, I would vote them out of office. The American taxpayer is not going to foot this bill. Paulson needs to be fired and is in bed with Wall Street. He has gotten it wrong for the past three years and will continue to get it wrong. The markets need to be freed up with some liquidity, but not taxpayer liquidity! Thank goodness for the House Republicans and Democrats…now there is time to get a plan in place that will actually work. They need to come up with a plan that holds Wall Street accountable by providing loans with interest and insurance on these MBS. So before you start telling us what you think we don’t get…think again because we totally get it and look to Paulson as the one who doesn’t get it! We would rather suffer now than have our children pay for this later! So we totally get it! Those who vote for the Bailout, in spite of their constituents expressed desires, will suffer the consequences.

This is the E-mail for my so called senators and representatives: I make this solemn promise to do my best to ensure the defeats of every member of congress who votes for the Bailout. Those of you who have enjoyed my support in the past, will see an active participant in the attempt to see you removed from office, should you vote for this abomination.

By: tas

tas — Tue, 30 Sep 2008 02:28:13 +0000

Same.. For the people saying that we should vote new and different people into office, I don’t disagree… But right now there’s a crisis. Sure, the usual suspects got us here and should be punished for it, but we also need them to get us out of this mess. Right now.

Kyle: It goes deeper than job security, though. When the banks stop loaning money, that’s it. Game over. It will effect everybody. For example, you may keep your job but good lucking getting any home loans, or a car loan if you need another vehicle, a mortgage if you need to move, etc. For me, I’m a student and this has me worried that I’ll be saddled with all the debt I’ve already accrued in college and no degree because if I lose my loans before graduating… And without a degree, how would I recoup the costs?

Everybody has their own story in this situation — it effects everyone. When people like me or anybody else say that the next depression could start if we don’t do something to fix the markets now, it’s not hyperbole. Personally, I hate these bailout bills, but one has to go through or we’re all going to be fucked.

The fact that the House Republicans, in the face of this knowledge, reject the bill on partisan and grounds of supposed conservative-capitalist principles, is really quite shocking. These people can’t be adult enough for one minute to swallow their pride? What a bunch of whiny fucking children.

By: same as it ever was

same as it ever was — Mon, 29 Sep 2008 20:14:09 +0000

The Wall Street Bailout Bill:
Bush McCain Obama et al.

The Realignment Of American Politics:
Anderson Baldwin Carter Choate Clemente Gonzalez Gravel Kaptur Kucinich McKinney Nader Paul Perot Sheehan Ventura

By: Kyle E. Moore

Kyle E. Moore — Mon, 29 Sep 2008 20:02:31 +0000

Jeez.

And here’s the thing. I tend to feel typically far removed from what happens on Wall Street because I enjoy some of the most secure employment available in the country. But when I start to get worried, and when I start to feel, okay, maybe this is going to get uncomfortably close for me too, that’s in and of itself worrisome.

By: tas

tas — Mon, 29 Sep 2008 19:49:39 +0000

Quarter to 4 and Dow is still down 700 points..

This is like giving a horny sailor a strip tease. We’ve talked about the bailout for so long now that it’s basically manifested itself into a reality that has to happen. Markets never really pay attention to reality-reality; just perception. For example, if a company like McDonalds is hugely profitable, we would think that’s a success, right? Not the markets, though — a company must continue to grow, otherwise they’re in trouble. That’s perception; and common perception this past week has been that a bailout it coming. If these (oh, how do I term it nicely? calling them “business school rejects” certainly wouldn’t be nice) ..traders.. don’t get their precious bailout, then we’ll all be guessing where the bottom is.

As I wrote this comment, Dow jumped back up 100 points. So now it’s 600. Again. Could be 800 points down a couple minutes from now — who knows?