Bail out doesn't pass!

[Strangeite]

Be VERY careful what you wish for.

This could get really ugly very fast. I am talking $10 for a loaf of bread ugly.

People seem to forget that the ONLY reason we are dealing with this right now is because the foreign nations have threatened to cut off the spigots and not loan the US government any more money.

I know on the surface that sounds good. But it is BAD. We are talking 50 million unemployed, 30 to 40% foreclosure rate, rioting bad.

Be very careful what you wish for.

The above might not happen, but the fact that it is very possible is scary as hell.

 

[What the Heck]

Looks like a majority of the House Republicans think going against Bush now, will win them re-election.

All I know - this is my retirement that they are gambling with (401k). And I am NOT amused.......

Watch - people may actually start a run at the banks.......

Yep, it's all the House Republicans fault. The 94 Democrats who voted against it (1/3 of the Democrats) had nothing to do with it.

 

[SwedishMeatball]

No, the vote is going on no, and it is going down. There is no time remaining and they are still working on it, but it looks like its going down, unless they can get 10 people to switch votes.

They just lost two more votes. It's not over yet, but looking less likely that they will be able to twist enough arms.

 

[SwedishMeatball]

It's officially rejected.

 

[Barbossa]

Looks like a majority of the House Republicans think going against Bush now, will win them re-election.

If this economy crashes, every single one of those politicians will get the axe. What the heck are they thinking?

 

[Jennasis]

Oh boy...

 

[mumom95]

Let's hope this is just a political game of chicken leading to a passing vote.

I hope you're right, but it still pisses me off that they are playing political games at a time like this.

 

[MosMom]

Very scary.

 

[Mickeyistheman]

Listen people it shouldn't be if it was Repub or Dems that vote. We need to get this together and fast, For those that are now going against it for their own political gain better watch out cause if I knew who they were I would go to their house and ask for bread from them.

This is ridiculous things are going to get very ugly very quickly. This is a lot more serious than most want to think about.

 

[Jennasis]

Dow down over 700 points.

What exactly is the sticking point for those voting Nay?

 

[Amlee]

I know the Republicans weren't satisfied that it was the best bill possible, but what exactly was the sticking point??

Democrats: Yea - 141; Nay - 94
Republicans: Yea - 66; Nay - 132
Totals: Yea - 207; Nay - 226
The House needs 217 votes to pass the bill.

Some of the Republicans where upset that the Dem put in the help for home owners and restricting CEO compensation.

All you don't over look the word "Some". Not all Republicans voted against it and the President was for it.


Either way if they don't get their thumbs out of their butt and stop the BAMing, we are all screwed.

 

[MeghansMommy]

If this economy crashes, every single one of those politicians will get the axe. What the heck are they thinking?

What's to say it would have worked in the first place?

 

[FergieTCat]

I'm at work and am not following this as closely as I should.

Right now they are voting on "On motion to suspend the rules and pass." Can someone tell me what that means?

I am sick. There may be no Social Security when I retire, and now it looks like I'll have no 401K as well.

 

["Got Disney"]

They will come to an agreement eventually.....I am glad they are taking a little more time. When they said last week that they wanted it to pass as written I was ...

With 700 billion dollars they need to not make a decision to sign it over night. That is bad business. The Dems and the Rep want to be sure that they are all happy with it because if it fails they dont want the burden to fall all on one party as for blame.

They will come to an agreement. Why???? because they will have to.

Keep your moneys in the banks...they are secured up to $100,000.....if you are young and have investments leave them where they are right know. They will recoup...I have lost and regained my moneys 3 times in my life...back in the 80's than in 2000 and now...DH and I are 50 and have left well alone....

If you are in your 60's or 70's recouping your losses will be harder for retirement.

But I must say makes ya wanna keep all your moneys tucked under your mattress but that is more risky.

Lets just wait watch and see....

 

[PrincessKsMom]

Doing nothing sure won't work, but I can't understand why anyone feels it's a bad thing to limit executive compensation when they're running these companies into the ground and then walking away with millions?

I call the Lincoln Bedroom, 'cause if I'm living on the streets, I know where I'm headed.

 

[LakeAriel]

Doing nothing sure won't work, but I can't understand why anyone feels it's a bad thing to limit executive compensation when they're running these companies in the ground and then walking away with millions?

I call the Lincoln Bedroom, 'cause if I'm living on the streets, I know where I'm headed.

Amen, on all counts!

 

[SwedishMeatball]

Dow down over 700 points.

What exactly is the sticking point for those voting Nay?

It's down 490. Still dire.

Whatever it is, why won't the Dems concede?? It's easy to point fingers at either side.

 

[marybet]

I don't like having to bailout Wall Street, but I think it has to be done. I am ticked that the Republicans are not stepping up to the plate. They are more worried about getting reelected than the state of the economy.

 

[Barbossa]

What's to say it would have worked in the first place?

No guarantees, but many credible individuals (Samuelson, Buffet etc.) are saying that the bailout is our best shot and should be passed.

 

[Amirah95]

This is just rediculous. I was looking forward to this bill passing today!!! What gives?? What is the problem??