Thoughts on Bailout?

[MannyIsGod]

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

sit
Impossible to say. People are focusing on this being a banking issue, but where do many of the business in this country get their short term loans that their business needs to survive on from? Those banks. When there is no short term credit to be had, a lot of companies are not going to have teh capital on hand to do things like meet payroll. This is simply going to compound the confidence issue which is what drives the credit market.

This is a huge credit issue, and credit requires confidence. This ing idiotic vote just put a HUGE dent in confidence which only hurts us all in this situatoin. Even if they pass it, thats something that will not be erased.

You don't ing play politics in this type of situation and you ing explain to the people WHY thats the case.

[MannyIsGod]

I know of 2 people I've met off this forum whom I believe to have a good financial head on their shoulders. One of switched their vote today.

[Wild Cobra]

LOL

I cannot say I disagree with this...

Sad, but true...

[baseline bum]

Now if we could only revoke China's most favored nation trade status.

[hater]

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

illegal drug rings and asian brothels

[PixelPusher]

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

Owned.

You're laughing because a couple of Republicans were oversensitive pussies?

[JoeChalupa]

Okay, 'em all. I was smart enough not to over indulge. I live in a small house I paid $45K for. all of you living in your fancy new 2500 sq.ft, 120K homes.

[Indazone]

Yeah well wait for tomorrow when the Dow drops another 1000 pts and the computers freeze trading.

[Aggie Hoopsfan]

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!!!!!

The Demos holding back were playing partisan politics. The Dems wanted to hold back enough votes to the point that the Republicans would have to lay down a substantial number of votes in favor of the bill so that when this thing comes back to hose us all, Dems could say "it was the Republicans fault too."

[Aggie Hoopsfan]

You're laughing because a couple of Republicans were oversensitive pussies?

It's about more than Pelosi. I just enjoyed watching the stupid get embarrassed in public.

Here, let me help you:

Texas HOR member Jim Hensarling:

“My top responsibility as an elected official is to protect the families and people who trusted me to represent their interests in Washington. I do not take lightly the critical nature of the credit crisis that our capital markets face today and the grave situation that every American will face should our credit markets freeze and remain frozen. Inaction has never been an option, but the Paulson plan should have never been the only option.

“In my heart and in my mind, I believe that this plan is fraught with unintended consequences, would force generations of taxpayers to pick up the tab for Wall Street losses, and could permanently and fundamentally change the role of government in the American free enterprise system. Once the government socializes losses, it will soon socialize profits. If we lose our ability to fail, we will soon lose our ability to succeed. If we bail out risky behavior, we will soon see even riskier behavior.

“I also believe that this Congress, in a rushed effort to provide stability to a troubled credit market, did not adequately discuss or investigate potential alternatives that would have cons uted a work out and not a bail out. Even at this moment, it still remains more important for Congress to do it right than to do it fast. I stand ready, as do many of my colleagues, to stay here for as many days as it takes to do this right.

“For the last week, House conservatives have fought to protect innocent taxpayers from an unprecedented government raid on their wallets to bail out Wall Street from their bad decisions and financial losses. Principled Republicans like Paul Ryan and Eric Cantor helped improve the legislation before us by adding increased taxpayer protections and additional Wall Street accountability. But mere improvement is not the test for support. The test is whether, after weighing both the good and the bad, you believe that the plan ultimately leads America in the right direction. Using that test, I cannot in good conscience support this legislation.”

And that says it all.

[Anti.Hero]

There's not enough Botox in Pelosi's doctor's needle that can keep her smiling after this.

[ChumpDumper]

Could it be that both sides were playing politics?

[Wild Cobra]

Okay, 'em all. I was smart enough not to over indulge. I live in a small house I paid $45K for. all of you living in your fancy new 2500 sq.ft, 120K homes.

Wow, where do you live?

A 2500 sq. ft. home around here is probably $500k! Cheap ones are just over $100k

[ElNono]

Wow, where do you live?

A 2500 sq. ft. home around here is probably $500k! Cheap ones are just over $100k

And Oregon is beautiful. Over here in the Jersey coast, which is nice, but not great, a 1 bedroom cheap ass house doesn't go below $200k.