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Author Topic: Bailout package did not pass  (Read 10005 times)

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Offline cowboy

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Bailout package did not pass
« on: September 29, 2008, 06:42:05 PM »

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Offline contemplating

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Re: Bailout package did not pass
« Reply #1 on: September 29, 2008, 07:03:19 PM »
Just picked it up on Fox......wo

To be a fly on the wall.
"In order to be a leader of men, a man has to receive an education in his own country, among his own people, and to grow up in surroundings steeped with the traditions and psychology of his countrymen.  Not only did Western education not fulfill that condition, but it tended to wean a young man from the traditions and customs of his country."

King Abdulaziz ibn Saud...circa 1930
Cited by Ronald Lacey in "The Kingdom:  Arabia and the House of Saud"

Offline matrsnot

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Re: Bailout package did not pass
« Reply #2 on: September 29, 2008, 07:18:45 PM »
The "Nays" came from both sides of the house.  Dow was down about 705 points at one time.  Now they can get up form both sides and give us non-speak about why they are doing nothing.  At least nothing productive.  I didn't like this bail out idea to begin with.  Too many people getting too much money out if it.   Do I have any ideas of how to get out of the mess?  No.  Do I have an idea of how to prevent it in the future?  Yes.  Quit approving ARM's for low income people who can't afford the loans to start with.  Affirmative Action at it's worst.

Offline Coyote

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Re: Bailout package did not pass
« Reply #3 on: September 29, 2008, 07:20:40 PM »
 $%$#@%^
....and that night as the moon crossed the mountain, one more Coyote was heard...

Offline Eeyore

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Re: Bailout package did not pass
« Reply #4 on: September 29, 2008, 07:21:21 PM »
     I heard on the radio this morning that the 'pork barell benefit' to the Acorn Organization did not help things a bit - Why did they not just go for a straight package on this one?
     And why did they not do something about this in 2004 was it was brought up and could have been fixed instead of bailed out? 
    "Hey, hey, hey, hey now.  Don't be mean.  We don't have to be mean. because, remember, no matter where you go, there you are."      - The Adventures of Buckaroo Banzai across The Eighth Dimension

Offline contemplating

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Re: Bailout package did not pass
« Reply #5 on: September 29, 2008, 07:54:43 PM »
     I heard on the radio this morning that the 'pork barell benefit' to the Acorn Organization did not help things a bit - Why did they not just go for a straight package on this one?
     And why did they not do something about this in 2004 was it was brought up and could have been fixed instead of bailed out? 

Heard about the ACORN thing too, and thought they had scrapped it over the weekend.

What I have read from more than one source is Nancy Pelosi's railing of the Bush administrations complicity in the mess (sole blame for it actually).  Her timing was impeccable - just after the debates and right BEFORE the vote.  The dems hold the majority, what purpose did she expect to serve by saying that?
"In order to be a leader of men, a man has to receive an education in his own country, among his own people, and to grow up in surroundings steeped with the traditions and psychology of his countrymen.  Not only did Western education not fulfill that condition, but it tended to wean a young man from the traditions and customs of his country."

King Abdulaziz ibn Saud...circa 1930
Cited by Ronald Lacey in "The Kingdom:  Arabia and the House of Saud"

Offline Coyote

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Re: Bailout package did not pass
« Reply #6 on: September 29, 2008, 08:33:02 PM »
And that tells me which party to hold responsible when the sh*t goes down.
....and that night as the moon crossed the mountain, one more Coyote was heard...

Offline cowboy

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Re: Bailout package did not pass
« Reply #7 on: September 29, 2008, 08:33:35 PM »
Before the vote they got rid of the ACRON money the demo's wanted.

Offline matrsnot

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Re: Bailout package did not pass
« Reply #8 on: September 30, 2008, 12:08:05 AM »
I believe on rep said it all.  If we pass this bill, we are on the slippery slope Socialism.  We are already ther in many respects.  All that is needed now is for BHO to get in office and rule the country with his cronies (Pelosi and Reid).  That will finish this Republic.

Offline cowboy

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Re: Bailout package did not pass
« Reply #9 on: September 30, 2008, 12:20:18 AM »
AMEN     :::"">

Offline fish

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Re: Bailout package did not pass
« Reply #10 on: September 30, 2008, 02:23:30 AM »
it is a democrat majority congress. if they wanted it so bad they could pass it on their own. they don't need the republicans. what does that say for pelosi and co.? they don't want to pass something on their own that they would have to take responsibility for.

Offline okie the thread killer

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Re: Bailout package did not pass
« Reply #11 on: September 30, 2008, 02:28:15 AM »
Huh? There were split votes on both sides.
I have it on good authority that the Hokey-Pokey really IS what it's all about.

Offline Lepard LLC

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Re: Bailout package did not pass
« Reply #12 on: September 30, 2008, 03:10:57 AM »
Oh darn, someone might have to sell their house in the Hamptons.. This is a rich guy bail out, and thats all it is.. Let the markets adjust to reflect the real value of things. These pooor little rich guys can't rip us off this week.. I feel so bad for them. I say no bail out, the fat cats need a reality check..
 
 
Huh? There were split votes on both sides.

Offline fish

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Re: Bailout package did not pass
« Reply #13 on: September 30, 2008, 03:13:33 AM »
This is for the 228-205 count.
Voting yes were 140 Democrats and 65 Republicans. Voting no were 95 Democrats and 133 Republicans.

235 dems vs 198 republicans.
 
more dems voted against it than republicans voted for it. the dems could have passed it on their own but they didn't.
 
we don't need to pay for the bailout, the market will correct itself like it always does.

Offline okie the thread killer

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Re: Bailout package did not pass
« Reply #14 on: September 30, 2008, 03:16:28 AM »
except for 1929? Not saying I was for it, just saying, ya know? I don't see a rosy side of this picture no matter what. But then, I am a pessimist.
I have it on good authority that the Hokey-Pokey really IS what it's all about.

Offline melissacaroline

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Re: Bailout package did not pass
« Reply #15 on: September 30, 2008, 03:17:19 AM »
Don't we have a free market? let those rich CEO's feel what it is like to lose their home......!

Offline fish

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Re: Bailout package did not pass
« Reply #16 on: September 30, 2008, 03:23:26 AM »
there were a lot of factors that caused the great depression. one was inventory. companies produced so well inventories were extremely high and prices dropped. there are many other factors involved, but what is happening now is a major financial correction resulting from government meddling in business and no accountability. Far from a depression.

Offline okie the thread killer

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Re: Bailout package did not pass
« Reply #17 on: September 30, 2008, 03:27:52 AM »
Well, I can tell you that I am depressed at my house..But at least for the moment, gas prices are dropping. I don't pretend to have any answers, or even know who to believe, but I don't have a good feeling. That's what I must go on. We are supposed to trust the "experts", but there are a whole bunch of them out there, and their opinions vary..At least if they agreed on party lines we could sort some of it out.
I have it on good authority that the Hokey-Pokey really IS what it's all about.

Offline Lepard LLC

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Re: Bailout package did not pass
« Reply #18 on: September 30, 2008, 03:37:18 AM »
These so called experts failed us to line their pockets.
 
 
Well, I can tell you that I am depressed at my house..But at least for the moment, gas prices are dropping. I don't pretend to have any answers, or even know who to believe, but I don't have a good feeling. That's what I must go on. We are supposed to trust the "experts", but there are a whole bunch of them out there, and their opinions vary..At least if they agreed on party lines we could sort some of it out.

Offline Lepard LLC

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Re: Bailout package did not pass
« Reply #19 on: September 30, 2008, 03:42:05 AM »
I don't have any money in the stock market, because I didn't have it as good as some I guess.. But the rich want me to help bail them out? Naw.. I wrote Ike and told him my feelings..

Offline okie the thread killer

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Re: Bailout package did not pass
« Reply #20 on: September 30, 2008, 03:44:32 AM »
Hell, I don't even have any money for the grocery market. I just don't know what is best for our economy in the long run, that's what I meant.
I have it on good authority that the Hokey-Pokey really IS what it's all about.

Offline Lepard LLC

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Re: Bailout package did not pass
« Reply #21 on: September 30, 2008, 03:49:34 AM »
Let me explain it to you, at this rate you and I might be able to buy a home in the Hamptons someday.


Hell, I don't even have any money for the grocery market. I just don't know what is best for our economy in the long run, that's what I meant.

Offline Eeyore

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Re: Bailout package did not pass
« Reply #22 on: September 30, 2008, 03:50:18 AM »
Who was it that just made 20mil to work for WAMU (I think it was) for 17 days?
    "Hey, hey, hey, hey now.  Don't be mean.  We don't have to be mean. because, remember, no matter where you go, there you are."      - The Adventures of Buckaroo Banzai across The Eighth Dimension

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Re: Bailout package did not pass
« Reply #23 on: September 30, 2008, 04:14:08 AM »
Who was it that just made 20mil to work for WAMU (I think it was) for 17 days?
Alan Fishman, If i am not mistaken Eeyore............
Remember I'm a nudist so when you respond to one of my post yor talking to a naked man  :)


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Offline David Day

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Re: Bailout package did not pass
« Reply #24 on: September 30, 2008, 11:10:39 AM »
I didn't like the bill that much, although it was MUCH better than what the President sent out.  It had turned into more of a loan than a bailout, companies that took advantage of it would be required to repay the government, their CEO's would have limits on pay and benifits, etc...  That part was a huge improvement.

I do think it will effect more people than some think, 1/2 of Americans have money in the stock market, about 2/3rds of senior citizen's retirement plans are tied up in the market...all of those people lost large amounts of money in the last week.

The next problem is credit, I can assure you that if you want to buy a house today, it will be MUCH harder to get the money and will be until this gets settled, be it through the markets or a government bill.  Some companies are saying they can make payroll for about 2 to 3 weeks, then they are in trouble.

I am not saying I was for it, but I do feel there are some hard times ahead if nothing is done and I sincerely do feel that many people that are against government doing something now may change their minds in the coming weeks...I hope I am totally wrong.  Yes the big boys both in D.C. (both parties) and on Wall Street are to blame, but remember that folks buying homes that they should have know they couldn't afford are to blame also.  When they loose those homes I wonder what will happen...probably end up on government assistance which we will all pay for.

Yep, oil is going down and that is a huge driver in our country and will help a lot of people and it does show that it didn't need to be that high all along, that also upsets me.

Just my opinion, I am not a "sky is falling" person on this, but I do think more people are going to be careing in a week than are now...in todays market world, Wall Street is not that far from Main Street.

Dave
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Offline matrsnot

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Re: Bailout package did not pass
« Reply #25 on: September 30, 2008, 01:06:55 PM »
I'm with Rick.  Let the market adjust itself.  Glad the bail out failed and perhaps the CEO's wil lfeel some pain for once.

Offline bigedd

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Re: Bailout package did not pass
« Reply #26 on: September 30, 2008, 02:18:01 PM »
Any one who thinks this is Washinton and Wall Street's problem is being extremely naive.  The price of oil is going down, but if the guy who owns the station can't make payroll and has to close, what difference does it make?  When you can't get a loan, no matter how good your credit is, what will you do to pay for that kids college, a new car to get to work, (if you still have a job) or a new home?  If an ice storm this winter puts a tree through your roof, where will you get the money fix it, if your insurance company doesn't exist anymore?  David Day is right, we are all going to feel this one.  I just hope we survive.

Offline matrsnot

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Re: Bailout package did not pass
« Reply #27 on: September 30, 2008, 02:27:22 PM »
Yes, we will feel it.  We are in a fascist society.  Government dependent on business, read corporations to make sure we can survive.  We will survive.  The little man always find a way to make things happen. As for food...well there is still plenty fo game out there shoot if necessary.

Offline igahmah at work

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Re: Bailout package did not pass
« Reply #28 on: September 30, 2008, 02:37:20 PM »
I think it's a good thing it will be harder to buy a house or get credit of any kind.  Maybe it will make people more fiscally responsible on a personal level.  You can't just go out a buy a house because you want one, you have to be able to afford it now and for the next 30 years.  I know we can't see the future but if you arent' employed and you buy a house, chances are pretty good you won't be able to afford it later.   

I have a question.  Remember when Chrysler was in trouble and they "borrowed" money from the government and paid it back with interest.  If these people who own these companies "care" about the company and the people their downfall would hurt, why don't they do that.  I think they are greedy and don't care about anybody but their big fat paycheck.
When I was young, I wanted to be older.  This is not what I expected!

Offline David Day

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Re: Bailout package did not pass
« Reply #29 on: September 30, 2008, 02:47:44 PM »
I agree, there is a huge amount of greed in this and that is a part of the problem.  I don't care about the CEO's, but this bust is not going to hurt them at all, they already have their saleries and past money, if they never see another penny they are set for life, so thinking this will hurt the rich greedy folks is not correct to much degree.

As I said, my concern is main street, retirement funds and folks that had nothing to do with Wall Street other then possibly sitting at their computers and investing.  Again, I am not yelling the "sky is falling", I am just saying that those who feel this is only a Wall Street problem are probably going to feel it eventually also if something is not done soon.

Is making it harder to buy a house, yea it probably is...but if you have excellent credit and a good job and still can't buy one, that is not so good and that very well could happen unless you have a huge amount of money to put down.  Lack of home sales hurts all of the economy then, and that is when we all start feeling it.  I didn't like the bill very much at all, however it was a LOT better than it started.  I can't tell you how I would have voted on the bill, obviously none of us have all of the facts (not so sure they did either), but I do feel if nothing is done some hard times are ahead. 

Matrsnot may be giving shooting classes to some if we all need to go hunting again for food...LOL.

Dave
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