Bail out doesn't pass!

[NY Disney fan]

We got a couple of mavericks in Congress today, it seems.

 

[Desnik]

It was rejected, here is the article:

http://money.cnn.com/2008/09/29/news/economy/bailout/index.htm?cnn=yes

 

[Jennasis]

It's down 490. Still dire.

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

Dropped 700 and then came back a bit for a net loss a bit over 400, I believe. I read the article too quickly.

 

[NY Disney fan]

U.S. Dollar toilet paper - here we come!

 

[SwedishMeatball]

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.

Interesting. Where did you hear that?? Because yesterday that specific issue was one which Pelosi was able to say that they were all in agreement on. I don't think people are bombarding their representives like mad based on that. The majority of people are not sold on this bill. So from that aspect, it is political. But I want my representatives to react to the will of the people, and I don't care if they need to be threatened with being booted out of office to do what is in our best interest. Yes, a bill needs to be passed pronto, but not the wrong bill.

 

[PrincessKsMom]

It's sad to say, but I bet there's a sudden up-tic in the obits in the next few weeks if this thing doesn't pass and the market plummets.

 

[Amlee]

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.

I agree! It's also the main reason I'm not a party person.

It's time like these they need to put aside this party or that party. Now isn't the time for what's in it for me, my party or my lobbist(sp).

It's time to do what is good for this country and it's people.

 

[Galahad]

U.S. Dollar toilet paper - here we come!

Actually, to dollar is up today for some reason. It seems that other countries are having problems too - some perhaps worse - many not caused by us.

 

[Amlee]

Interesting. Where did you hear that?? Because yesterday that specific issue was one which Pelosi was able to say that they were all in agreement on. I don't think people are bombarding their representives like mad based on that. The majority of people are not sold on this bill. So from that aspect, it is political. But I want my representatives to react to the will of the people, and I don't care if they need to be threatened with being booted out of office to do what is in our best interest. Yes, a bill needs to be passed pronto, but not the wrong bill.

Charles Gibson just said that it was one of the issues that the Rep had with the bill.

 

[Geoff_M]

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.

Perhaps while you at it, you can also get ticked at the 40% of Democratic house members that voted against it. It's freaking mind boggling that people still try to hoist the notion that it's one party's fault that it didn't pass because of "this" provision or "that" provision.

Perhaps there's a simple reason why so many Representatives are voting against it: They ALL are up for re-election in a couple of months and the data indicates that the bailout is very unpopular with voters.


(ETA: Clarification on what I meant by "Reps".)

 

[Amlee]

Actually, to dollar is up today for some reason. It seems that other countries are having problems too - some perhaps worse - many not caused by us.

I read this morning, that several banks in Europe were also being bailed out and bought out.

 

[SwedishMeatball]

Charles Gibson just said that it was one of the issues that the Rep had with the bill.

Well I don't know where Charlie is getting his info, but apparently not from Pelosi.

 

[ladyjayhawk]

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.

Your anger is misplaced. You should be thanking the Repubs for getting the earmarks and money for ACORN out of the bill. How could the Dems think it was okay to give taxpayer money to a corrupt organization? It is sickening. You can also thank Pelosi for ticking off the Repubs right before the vote with her partisan speech. She is an idiot.

 

[c4a]

Geez. Now what!?! Listening to radio.Does it still go before the Senate Wednesday? So, now do the Dem.s and Rep.s go and try to rewrite their own bills (?) since the bipartisian one didn't fly. Is there a backup plan?
Pelosie (sp?) still has it open.
Both sides saying bill "political suicide. either way."
Not only does it "shut down the spigot" but what about the countries we already owe? We are in up to our ears to China. They have to be watching/listening, also.
I don't think we should just "bail them out" but something has to be done. CNN radio saying passing bill may not save us from an "economical pearl harbor".

 

[Tinkerdreams]

Watching CNBC and they predit that the market will close 700 points down at the end of the day.

I was watching Mad Money last week and Jim Cramer stated that if the bill did not pass the market would drop to 8300 very quickly.

 

[JARNJ3]

Perhaps while you at it, you can also get ticked at the 40% of Democratic house members that voted against it. It's freaking mind boggling that people still try to hoist the notion that it's one party's fault that it didn't pass.

Perhaps there's a simple reason why Reps are voting against it: They ALL are up for re-election in a couple of months and the data indicates that the bailout is very unpopular with voters.

Yes - I am annoyed at those 11 "whoever" Dems who couldn't step up and "save" this country's financial systems.

But the REPUBLICAN president pleaded today for this bill to pass, warning of dire consequences.... I would have thought that the REPUBLICAN representatives that voted lock, stock and barrel with him throughout these 7 years, could bring themselves to do it one more time.

I hope ALL of these elected officials who voted "Nay" know what they're doing.........

 

[java]

Actually, to dollar is up today for some reason. It seems that other countries are having problems too - some perhaps worse - many not caused by us.

The dollar is up because the government won't be printing $700 billion dollars to flood the market with. This has been my big problem all along with this plan. The value of the $. Simple economics 101 supply and demand.

 

[JARNJ3]

The dollar is up because the government won't be printing $700 billion dollars to flood the market with. This has been my big problem all along with this plan. The value of the $. Simple economics 101 supply and demand.

yes, but will our dollars be at the bank when we need them?

 

[java]

I was watching Mad Money last week and Jim Cramer stated that if the bill did not pass the market would drop to 8300 very quickly.

And that would be killing him with the Short Sale ban. That's how he made a ton of money in the 90's.

 

[java]

yes, but will our dollars be at the bank when we need them?

I understand that but if they are worth less than a peso what's the point of having them.