Why did the bailout fail??

[Jennifer S]

I saw on the news the Reps that voted no and they said they were voting no even before NP's speech.

I can't understand a word Barney Frank says - does he have any teeth?

 

[DawnCt1]

Does anyone posting here understand this was a GOP bill. This was a bill put forward by the President. This was his solution. Does anyone remember that Bush is a Republican? Bush brought a bill to Congress.

Then Congress (both Republicans and Democrats) negotiated with the Republican administration and came up with a final agreement. It was the Democrats who were being asked to step across the aisle and support a Republican President. The Democrats are the ones being asked to show bipartisanship to deliver a solution.

Guess what, the Democrats did just that. They supported the President and they delivered their votes.

But even when Democrats support a Republican President and give him the votes he asks for, it is still the fault of the Democrats. How is this even possible? If the Democrats don't support the bill, it's their fault. If Democrats do support the bill, it's their fault.

The new slogan for the Republicans should be: It's Never Our Fault

I hope everyone watched Barney Frank's response to the absolute nonsense.

The idea that Republicans would stop supporting the bill because Pelosi made a nasty speech is ridiculous. Are we talking about children here? The problem was this bill did not have the support. It should never have come to the floor for a vote in the first place. If you want blame Pelosi for that, go ahead. But remember, she delivered 60% of her members for a GOP bill.

It was a bipartisan bill coming out of the committee, because the republican were finally invited to the party, but it certainly wasn't a conservative bill. The dems had to give up ACORN! What a 'sacrifice'. Then Nancy comes out and insults half of the group that she needed. That is tremendous "leadership". If they need to go back again and get it right, then they need to. Simplify it, eliminate pork, make the taxpayer the recipient of any gains, and jetison the democratic special interests.

 

[Cool-Beans]

I didn't like it because it is socialism, pure and simple.

When we actually become full-fledged socialists, all the folks who were so in favor of all these socialist ideals will not actually like it. If you look around at the rest of the world and its history, you'll see that the folks who wanted it were NEVER happy when they got it.

Food for thought.

 

[rie'smom]

It was a bipartisan bill coming out of the committee, because the republican were finally invited to the party, but it certainly wasn't a conservative bill. The dems had to give up ACORN! What a 'sacrifice'. Then Nancy comes out and insults half of the group that she needed. That is tremendous "leadership". If they need to go back again and get it right, then they need to. Simplify it, eliminate pork, make the taxpayer the recipient of any gains, and jetison the democratic special interests.

Way to win friends and influence people Nancy.
She must have had 1 too many shots of Botox because her brain obviously paralyzed today.

I didn't like it because it is socialism, pure and simple.

When we actually become socialists, all the folks who were so in favor of all these socialist ideals will not actually like it. If you look around at the rest of the world and its history, you'll see that the folks who wanted it were NEVER happy when they got it.

Food for thought.

Absolutely!!!! Look at the Socialist countries, the elite and their cronies live Capitalist lives of leisure. The ordinary citizens scrape by day to day and share the cough,cough wealth.

 

[gate_pourri]

I'm so tired of seeing this posted.

The didn't because that's how politics works.

This is not going to be a popular plan... but it is necessary.

Wait??? Let me get this straight, you are saying that the Democrats didn't vote to pass this (the 92 that voted Nay) because 'that is how politics works'? Do you think that the Democrat party all got together this morning and decided who would vote 'aye' and 'nay' so that they would still look 'cool'? That they decided who would vote which way assuming that the Republicans would vote with them???? Those that voted 'nay' seem to believe that is the way to go. I personally agree with them and am very dismayed that my congressman voted 'aye'... But, what do I know???

 

[Anewman]

I didn't like it because it is socialism, pure and simple.

Mr Beans... I do not like it either.

Just like cancer patients dont like Chemo, there is nothing to like but is chemo worse than the other option.

I hope this all works it self out without the bail out, but for some it is going to get really tough.

As for home ownership, I know that for every home that gets foreclosed there are 10 families waiting for home prices to get back within reach. But we need the financial sector there for that to happen.

 

[ntsammy5]

She must have had 1 too many shots of Botox because her brain obviously paralyzed today.

That's something I can agree with!

 

[Jennifer S]

I'm so tired of seeing this posted.

The didn't because that's how politics works.

This is not going to be a popular plan... but it is necessary.

In other words - Dems don't want all the blame if this turns out to be the wrong plan.

 

[Disneycrazymom]

Off topic but IMHO the idea that a leader ( 2 steps away from our Presidency) would give a nasty speech on such a day as this (or any day really) is ridiculous.

 

[gate_pourri]

It's easy to say, NO, don't spend the money but does the American public fully understand the consequences? Did our representatives vote in our best interest or in theirs?

Unfortunately, how we have set up our 'congress' in the United States, they are constantly campaigning. I have worked congressional campaigns (yes, he won) and within 2-weeks of the election, he was already thinking of the next campaign. In this day and age, a US election season lasts anywhere between 12 and 24 months... A Congressman is elected every 2-years. You do the math!

As I have already said, I think the bailout, as written, was unacceptable (and yes, I've done quite a bit of research on the matter) and am glad that it failed! I am not completely against our government helping us, but not to the tune of $700M. You cannot fix a capitalistic problem with socialistic ideas!

 

[Cool-Beans]

Mr Beans... I do not like it either.

That would be Mrs. Beans...Miss Jackson, if you're nasty.

I know a lot of folks think that it is a good idea. And I know that we're moving into communism. I don't even argue it any longer. But when we get there, nobody is going to like it. They're going to say, "Hey, wait! We didn't want THIS!! This sucks!"

 

[MossMan]

It was a bipartisan bill coming out of the committee, because the republican were finally invited to the party, but it certainly wasn't a conservative bill. The dems had to give up ACORN! What a 'sacrifice'. Then Nancy comes out and insults half of the group that she needed. That is tremendous "leadership". If they need to go back again and get it right, then they need to. Simplify it, eliminate pork, make the taxpayer the recipient of any gains, and jetison the democratic special interests.

Who was the bill introduced by? This was Bush's bill all along. This was his solution and this was what he wanted. He and Paulson introduced the framework of the bill.

But lets say you are right. Lets say it wasn't Bush's bill. Lets pretend he had nothing to do with it. Lets say like everything else Bush has done in 8 years as leader of the country, this bill had nothing to do with him.

So the Bill magically comes out of committee without any help from Bush. It was a bipartisan effort that was negotiated in committee. So like all bipartisan efforts you would expect each party to deliver the votes.

But guess what? Only one party delivers the votes - the other party fails to deliver the votes. But whose fault is that? Why it's the fault of the party that delivered the votes.

Huh? So the Democrats are at fault because they held up their part of a bipartisan effort and delivered Democrat votes?

I forgot to add one thing. Pelosi made a partisan speech. That hurt the feelings of some Republicans, so they decided to teach Pelosi a lesson by not voting for the bill. Of course they are hurting America too. But their feelings were hurt by big bad Nancy and they had to do something. Right now those Republicans are at home getting some hot chocolate from their Mommies.

How about if Nancy sends every one of them a Ziggy card. A card with lots of hearts and a nice little poem that expresses just how much she didn't mean to hurt the feelings of those sensitive Republicans.

We are in the middle of a financial crisis and a lot of hard-nosed politicians are attempting to forge a solution, but we have to worry about offending some very sensitive Republicans. How about if those Republican just go home and leave the negotiations to the adults. When its all over they can come back and pretend to be the Congressmen again.

Watch the video. Watch it all.

 

[MossMan]

...I forgot to add one thing. Pelosi made a partisan speech. That hurt the feelings of some Republicans, so they decided to teach Pelosi a lesson by not voting for the bill...

Here's a question I have about this whole Pelosi thing.

Why do Republicans vote the way they do?

Do Republicans votes reflect a conservative ideology? Do Republicans vote to follow party lines? Do Republicans vote strategically to ensure future Republicans majorities? Are Republicans votes a manifestation of personal beliefs? Are Republicans votes meant to improve the life of ordinary Americans?

Or are Republican votes meant to punish and reward Nancy Pelosi for what she says. Even when the vote is as important as the one today, the most important factor for some Republicans is what Nanacy Pelosi says.

Watch the video. Watch it all.

 

[RitaE]

Why do Republicans vote the way they do?

Do Republicans votes reflect a conservative ideology? Do Republicans vote to follow party lines? Do Republicans vote strategically to ensure future Republicans majorities? Are Republicans votes a manifestation of personal beliefs? Are Republicans votes meant to improve the life of ordinary Americans?

since the Republicans split their vote 60% against and 40% for -- I hardly think we can attribute them as acting with one mind or one purpose.

 

[Silly Little Pixie]

Well Dems could have passed it w/o their help- why didn't they?

They shouldn't have to! Of course Dems should have voted for it. But it sickens and scares me that the majority of Repubs didn't vote for it either. They loved sticking by Bush when it was convenient, and now that they feel like he is a political liability- then where's the backup? Geesh. Do what's right, folks. You're screwing with my 401K and my kids' college education funds. Thanks a freaking lot.

I vote we abolish political parties altogether, at this point. Or at least split each party into 2 or more groups. The 2 party system has FAILED US. What we see are a constant us/them instead of working together. It is apparent by many on these Disboards as well- if the "OS" is for it I must be against it...

 

[MossMan]

since the Republicans split their vote 60% against and 40% for -- I hardly think we can attribute them as acting with one mind or one purpose.

Sounds good to me. I'm all for that.

But then how come minutes after the vote failed the Republican leadership was lining up to blame the failure to pass the bill on the Democrats. And more specifically, they were blaming it on that horrible Nancy Pelosi lady.

Lets see, the Republicans control Congress for over a decade. And for much of that time they control the Senate too. There also has been a Republican president for the last 8 years.

Are the Republicans at fault for the crisis? Of course not. The fault lies with the party that was not in power. Republicans have decided they get to be in power but they don't have to take any responsibility for that power.

So then there is a vote to attempt to fix the problem. The Democrats deliver their votes. The Republicans don't deliver their votes.

Now the fault is with the Democrats? What? The Democrats negotiated in good faith, they delivered their votes. So that makes it the Democrat's fault the bill didn't pass.

Right now there is an adult party and a child's party. The child's party is stomping its feet and pointing fingers. The adult party is at least trying to get something done.

Is the Adult party perfect.? Of course not. In fact they are getting lots of things wrong. But it's all we have. The children are too busy sulking and having tantrums to be of any use. That leaves the one Adult party. The best thing that could happen right now is that a responsible conservative party step in, make some reasonable proposals and hold its members accountable.

Too bad that party is no where to be found. Instead we have a bunch of children holding their breath. Take a breath and we'll get you some cake. Then maybe the Adults can get something done.

 

[rie'smom]

Sounds good to me. I'm all for that.

But then how come minutes after the vote failed the Republican leadership was lining up to blame the failure to pass the bill on the Democrats. And more specifically, they were blaming it on that horrible Nancy Pelosi lady.

Because she's a contentious harridan who succeeded in screwing up everything?

 

[mickeysgal]

It failed because the Repubs did not deliver their promise of "half of the votes".

Someone please explain this to me. To win a vote you need a majority vote, correct? Don't the Democrats control the majority of the House? Couldn't the Democrats have passed this bill with their own votes alone? There really is no need make sure the votes are half each.

 

[MossMan]

Because she's a contentious harridan who succeeded in screwing up everything?

Ok, lets go with that.

Nancy Pelosi is a contentious harridan.

And the poor poor Republicans are so sensitive they cannot abide by contentious harridans. In fact, whenever a Republican comes across a contentious harridan, the only choice a Republican has is cast votes that hurt America.

Yeah Republicans!!! You showed that contentious harridan.

Let me put it this way. The Democrats might be the party of contentious harridans. But the Republicans are the party of children. Find a Republican, burp them them tell them that mean old Nancy Pelosi can never hurt them again. Then ask them if they will change their vote.

In the meantime, watch this.

 

[BriarfoxinWA]

I still think this whole bailout proposal is a mistake. We are essentially taking bad debt from homeowners that over spent and can't make there payments, from Banks that made bad loans and you and I get to pay for it all. Personally I think we should do nothing. Let some of these mortgage companies fail, let the credit industry tighten up the reins so that you need to have decent debt to income ratios and a good credit score to get a loan. People have been running up debt uncontrollably for far too long.