Bailout Voting

[PoorGrammyinBK7]

Dickles Tickles

Who Cares?

He can't vote anyway but to break a tie.

[Bandit]

It just makes me sick that they cannot simply do what they were elected to do. They were not elected to be paid to go and fight each other, but to represent their constituents - REAL PEOPLE, with REAL PROBLEMS and work together for the good of the whole - the country. What a concept!

They do not want to represent the people...that went with the wind...they want the power to control the people.

Elections remind me of most attorneys & how they act so concerned about your problem to get your business, when all they see in us is a dollar sign. Then after hired, don't bother them about it.

This mess is truly revealing the dirt that congress is made of.

[Bandit]

Dickles Tickles

Who Cares?

He can't vote anyway but to break a tie.

ROFL

[fltoo]

They do not want to represent the people...that went with the wind...they want the power to control the people.

Elections remind me of most attorneys & how they act so concerned about your problem to get your business, when all they see in us is a dollar sign. Then after hired, don't bother them about it.

This mess is truly revealing the dirt that congress is made of.

Hmm. Wonder why? Could it be that most politicians ARE attorneys?

[Bandit]

Hmm. Wonder why? Could it be that most politicians ARE attorneys?

BINGO again!

[PoorGrammyinBK7]

They do not want to represent the people...that went with the wind...they want the power to control the people.

Elections remind me of most attorneys & how they act so concerned about your problem to get your business, when all they see in us is a dollar sign. Then after hired, don't bother them about it.

This mess is truly revealing the dirt that congress is made of.

Very true, especially regarding attorneys - I am no fan of them. And of course Congress is made up mostly of attorneys

[fltoo]

And......it looks like we will elect two more useless attorneys, umm, I mean nominees, to be Pres and Vice Pres.

[banca rotta]

I would like to smear dog poop on her botox face then rub her face all over bushes face... after an hour or so, make them sit in the corner and look at each other all pouting lower lips stuck out, listening to a broken record repeat "you are fired, you are fired, you are fired"....

Well said!

See that bandit, you and I agree on something. LOL

[PoorGrammyinBK7]

And......it looks like we will elect two more useless attorneys, umm, I mean nominees, to be Pres and Vice Pres.

I hope not - but it will probably happen

[AngelinaCatHub]

[banca rotta]

Well said HHM. A part of me wants these institutions to fail because only then will a lesson be learned by our congressmen/women representing us in the house and the senate.

While I see your point and feel the same frustration as everyone else I really don't want to see anymore failures except for the CEOs and executives that did this to us.

No matter what, the people that caused all this are still wealthy and "average Americans" always get screwed. If they fail unemployment will certainly rise as well as all the other problems that goes with it such as less economic activity spreading the fire to all sectors of the economy. Bloomberg is already estimating less tax revenue due to the loss of jobs and less Wall St bonuses. I'm not crying for the bonus issue just the car salesman and the restaurant workers and owners that will be hurting. That's where we will all feel it.

On the other hand the 700b bailout I feel will not only encourage more of the same, but as HUB mentioned on several other posts we will need to cart over stacks of cash to the store to buy a toothbrush with the way the dollar is losing value.

Hopefully they will take the time to come up with a better solution. It won't be perfect but at least better.

[JRScott]

There actually is an alternative plan which I think ultimately is better than the Paulson plan. I'm sorry but putting the fox to guard the chicken coup as is the Paulson plan can't and will not work. The other problem with it is it lets the Sec. of Treasurer state the price on a case by case basis. If we must do a bail out then we need to state one price for all, and it shouldn't be more than 10 cents on the dollar for these bad assets. Anything more is robbing the taxpayers.

Here is a link to the RSC Version Economic Rescue Alternative:

http://foxx.house.gov/uploads/RSC%20Version%20Economic%20Rescue%20Alternative%209-29-08.pdf

Obviously not a full bill yet but its outline is far better than the one proposed under the Paulson plan. It uses tax incentives, suspension of capital gains tax and other measures to stimulate the economy rather than buying up the bad assets directly.

Remember also that in the 1930s it was the government interference that actually tightened up the markets and made things worse.

[Mi Bankruptcy]

Apparently, Americans were calling and emailing their congressmen all day and it was 10-1 against. While Pelosi is a total idiot and certainly demonstrated her absolute inability to work for the good of the country in a bi-partisan manner, the votes were not really there.

I think McCain was set up by the Dem leaders - asked to come to DC and try to get Rep support and then attacked as soon as he got there, etc. Obama did nothing until begged by the President to come, yet he gets credit by default. I think the Dems were worried McCain was up in the polls and they believe they can win if the economy tanks, so they used attacks against McCain, instead of working together, as well as Pelosi's speech, (and Frank's tirade) to try and lay blame to influence the election.

If they really wanted to, Dems had plenty of possible votes - why did so many Dems as well as Reps vote "no"? Because the people did not want socialism shoved down their throats and they let it be known!

Maybe there can be a better plan now.

But what kind of miracle would it take for EVERYBODY to PUT POLITICS ASIDE for ONE DAY and work together for the good of the country --- if this is so crucial?

I emailed my Rep and called my Senator and asked what his intentions were. I also said if he votes yes.. He will not get my vote.

In my email to my Rep.. I asked him to throw in some pork for his constituents. I also asked him to let judges modify mortgages for people who were paying mortgages at their previous interest rate. Although I didn't fall for the adj.. rates.. I believe need a second chance rather than being thrown out on the street. I also asked that the institutions be held to the standards for bankruptcy that they so diligently lobbied for.

Remember.. www.house.gov and www.senate.gov... Lets see if we can actually crash the house server.

[PoorGrammyinBK7]

There actually is an alternative plan which I think ultimately is better than the Paulson plan. I'm sorry but putting the fox to guard the chicken coup as is the Paulson plan can't and will not work. The other problem with it is it lets the Sec. of Treasurer state the price on a case by case basis. If we must do a bail out then we need to state one price for all, and it shouldn't be more than 10 cents on the dollar for these bad assets. Anything more is robbing the taxpayers.

Here is a link to the RSC Version Economic Rescue Alternative:

http://foxx.house.gov/uploads/RSC%20Version%20Economic%20Rescue%20Alternative%209-29-08.pdf

Obviously not a full bill yet but its outline is far better than the one proposed under the Paulson plan. It uses tax incentives, suspension of capital gains tax and other measures to stimulate the economy rather than buying up the bad assets directly.

Remember also that in the 1930s it was the government interference that actually tightened up the markets and made things worse.

I will definitely read that. Sounds more like a "workout" plan than a "bailout". I wonder if it is the same or similar to Dave Ramsey's ideas. I have not seen them either, but heard he has them on his website and people have been sending them to Congress.

[fltoo]

There actually is an alternative plan which I think ultimately is better than the Paulson plan. I'm sorry but putting the fox to guard the chicken coup as is the Paulson plan can't and will not work. The other problem with it is it lets the Sec. of Treasurer state the price on a case by case basis. If we must do a bail out then we need to state one price for all, and it shouldn't be more than 10 cents on the dollar for these bad assets. Anything more is robbing the taxpayers.

Here is a link to the RSC Version Economic Rescue Alternative:

http://foxx.house.gov/uploads/RSC%20Version%20Economic%20Rescue%20Alternative%209-29-08.pdf

Obviously not a full bill yet but its outline is far better than the one proposed under the Paulson plan. It uses tax incentives, suspension of capital gains tax and other measures to stimulate the economy rather than buying up the bad assets directly.

Remember also that in the 1930s it was the government interference that actually tightened up the markets and made things worse.

Yup, please email your reps to suspend capital gains tax and rid the mark to market rule, but Paulsen is a control freak and won't listen to common sense.