Thoughts on Bailout?

Boehner: we could have passed this today if Pelosi wasn't such a partisan bitch this morning.

Owned. :lol

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Originally Posted by Spurminator

I don't understand how party even plays into this. Significant numbers on both sides of the aisle voted "No."

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Don't let the facts get in his way, he just wants to look cool taking a stand on the board.

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Originally Posted by Aggie Hoopsfan

Boehner: we could have passed this today if Pelosi wasn't such a partisan bitch this morning.

Owned. :lol

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It's not being owned. Pelosi made a big mistake. But it also means Republicans didn't vote to save anyone but themselves or their pride. That, my friend, is bullshit. It's all bullshit.

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Originally Posted by Aggie Hoopsfan

Don't let the facts get in his way, he just wants to look cool taking a stand on the board.

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the response of a three year old. grow up.

The Dems are screwed on this. Pelosi is horrible as a leader. Remember when Bush insisted we just had to Invade iraq, that the nation's well-being depended on it. After getting line behind the President and supporting him, even when it wasn't clear what the threat was was, they got roasted.

Kerry: "He was for it before he was against it." No credit for actually getting behind the Commander in Chief when told the nation was in peril. Instead, he got slammed. Hillary, too, paid a price.

The Dems should have proposed their own plan that did not have Bush fingerprints on it and had an open battle of ideas. Instead they allowed all this closed door debate on Bush's plan and now if it works Bush takes credit; it if fails they'll blame the dems.

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Originally Posted by Spurminator

I don't understand how party even plays into this. Significant numbers on both sides of the aisle voted "No."

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you're never going to get a unanimous vote, but the majority of dems voted yea and the majority of reps voted nay.

that was enough for me.

What I say to the republicans is see yeah wouldn't wanna be yeah.

Can someone say LANDSLIDE!!!!!

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Originally Posted by Shastafarian

WHO GIVES A SHIT ABOUT PELOSI AND PARTISAN POLITICS?!?!? She's doing what she thought was best to get the bill to pass. God you're such a fucking cuntbag. People are losing their savings right now. By the end of the week a lot of people might be broke. Yet you're loving every minute of this. Go fuck yourself.

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If she was doing what she thought was necessary to get this passed, then she would at least remove the earmarks and pork not related to the bailout.

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Originally Posted by 2centsworth

I never thought I would ever say this, but today I'm switching my vote to Obama.

Republican and their class warfare bs was the final straw. Just a bunch of talk, but when it comes down to it their distorted sense of ideology is more important the common freakin sense.

I'll change my sig later.

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Disappointed 2cents...this bill does nothing but put a bandaid on the problem and extend what will be a 2 yr problem into a 10-15 yr problem. I'd rather suck it up and deal with a recession for a few years then face the inflationary problems for the next 10.

Is anyone still claiming the community-development stuff as causing this? That is so Fox yesterday.

You know better. Community development did not rack up $700 billion in bad debt. If it did, in what community?

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Originally Posted by KenMcCoy

Disappointed 2cents...this bill does nothing but put a bandaid on the problem and extend what will be a 2 yr problem into a 10-15 yr problem. I'd rather suck it up and deal with a recession for a few years then face the inflationary problems for the next 10.

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No kidding.

All this plan does is pay off one credit card with another, without having the needed cancer surgery.

Bailing out losers is the wrong way to go. We should support those who played by the rules of sanity around this and have no problems. Rewarding those who played immoral is more than a slap in the face to those who played fair. I say we loan those who played fair and are still profitable money from the government so the needed loans to run this economy reamin available. It is a low risk to lend them tax dollars rather than to those who have already failed.

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Originally Posted by byrontx

Is anyone still claiming the community-development stuff as causing this? That is so Fox yesterday.

You know better. Community development did not rack up $700 billion in bad debt. If it did, in what community?

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You're right.

What you miss on the subject is the requirements to make bad loans in the name of community development that helped cause this situation.

I had to stop reading halfway through this fucking thread? Suck it Pelosi? Pelosi got pantsed? K, you tell that to the people who are about to start missing payrolls and the people who are about to have their companies go under.

You go be all partisan in their fact and chear your ass off. You go cheat at the people who just took a huge hit to their pension. Go for it, you tell them "hey pelosi got it in the face".

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Originally Posted by 2centsworth

I never thought I would ever say this, but today I'm switching my vote to Obama.

Republican and their class warfare bs was the final straw. Just a bunch of talk, but when it comes down to it their distorted sense of ideology is more important the common freakin sense.

I'll change my sig later.

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Wow

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Originally Posted by MannyIsGod

I had to stop reading halfway through this fucking thread? Suck it Pelosi? Pelosi got pantsed? K, you tell that to the people who are about to start missing payrolls and the people who are about to have their companies go under.

You go be all partisan in their fact and chear your ass off. You go cheat at the people who just took a huge hit to their pension. Go for it, you tell them "hey pelosi got it in the face".

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Amen

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Originally Posted by MannyIsGod

I had to stop reading halfway through this fucking thread? Suck it Pelosi? Pelosi got pantsed? K, you tell that to the people who are about to start missing payrolls and the people who are about to have their companies go under.

You go be all partisan in their fact and chear your ass off. You go cheat at the people who just took a huge hit to their pension. Go for it, you tell them "hey pelosi got it in the face".

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Consider this. The democrat plan failed. Now it's time to try the republican plan. Without a vote on theirs, who will you blame? At least if a vote is allowed on the republican plan fails too, then you can claim partisanship on both sides. Else shut the fuck up, bcause it is only partisanship on the side of the democrats.

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Originally Posted by 2centsworth

you're never going to get a unanimous vote, but the majority of dems voted yea and the majority of reps voted nay.

that was enough for me.

What I say to the republicans is see yeah wouldn't wanna be yeah.

Can someone say LANDSLIDE!!!!!

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you must play the market.....go get fucked. fascist.

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Originally Posted by MannyIsGod

I had to stop reading halfway through this fucking thread? Suck it Pelosi? Pelosi got pantsed? K, you tell that to the people who are about to start missing payrolls and the people who are about to have their companies go under.

You go be all partisan in their fact and chear your ass off. You go cheat at the people who just took a huge hit to their pension. Go for it, you tell them "hey pelosi got it in the face".

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http://cache.gawker.com/assets/image...p-You-Fers.jpg

kick Paulsen and his robbery plan into the toilet and listen to the economists, financial experts, etc who have many other ideas how to fix the liquidity problem.

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Originally Posted by Wild Cobra

Consider this. The democrat plan failed. Now it's time to try the republican plan. Without a vote on theirs, who will you blame? At least if a vote is allowed on the republican plan fails too, then you can claim partisanship on both sides. Else shut the fuck up, bcause it is only partisanship on the side of the democrats.

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There will be failures today. You don't fucking get that you can't paly with the minds of people in the credit industry that way. You can't go back to the drawing board and try to craft a new fucking bill.

The Republicans have tried to pass their bill, but its fucking shit on a stick. As bad as the redistubtion to people like Acorn is, the HOUSE GOP ideas are fucking worse. WAY worse. Its ridiculous.

This is not the fucking time to play politics. The government has done a shit poor job of explaining why this shit is nessecary (hint, do you like getting a pay check and having a job?) that people don't like this plan. But the truth is not passing it is simply cutting of your nose to spite your face.


This is fucking idiocy.

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Originally Posted by 1369

http://cache.gawker.com/assets/image...p-You-Fers.jpg

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Yikes.

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Originally Posted by KenMcCoy

Disappointed 2cents...this bill does nothing but put a bandaid on the problem and extend what will be a 2 yr problem into a 10-15 yr problem. I'd rather suck it up and deal with a recession for a few years then face the inflationary problems for the next 10.

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I agree with this. I'd rather take it the you-know-what now than deal with the debt, inflation and other things that will last much, much longer.

That being said, I'm in a position where I can withstand something like this b/c I'm not about to retire and I don't have kids.

FWIW, the Dems are not without blame. They can pass this without the GOP but its a horrible political move to do that because of how much it helps them. This sucks, because its going to hurt them in the congressional elections but this bill NEEDS to pass and it probably needs to pass TODAY to avoid the chain of dominos from starting to fail.

At some point those dominos won't be stopped.

Both parties share the blame on this issue.

Question: What sort of businesses do you suppose are going to be the least affected by this whole thing?

Wacovia and WaMu both were hurt by removal of deposited funds. Thats better known as a run on the bank. With the news of today's drop and the failure of the bill, I woudlnt' be suprised to see more banks have this exaserbate their problems.

Confidence is so important to this market right now, and a NO vote on this measure demoishes confidence far more than this thing never coming to a vote would have. For that, I put a huge amount of the blame on the GOP. If they never planned to pass this thing, they should have never agreeed to this shit.