Comments for Messages to Congress as High as 300 to 1 Against Bailout »
Posted By Stringcheese 1 year, 1 month ago in NewsFirst the Republicans were for it (the Big Bailout), and then they were against it. What happened?
What happened is YOU, and others like you, pounding on Congress to NOT pass the Big Bailout.
There were constant reports on CNBC yesterday, and in other places, that calls and messages to Congress were running roughly 300 to 1 against the Big Bailout. This is what made the Republicans reverse course.
Read Full Story at libertymaven.com »
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Shana4Liberty1 year, 1 month ago
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mivan41 year, 1 month ago
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This is interesting it shows how the whole problem started watch it all for full understanding!
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http://www.youtube.com/watch?v=H5tZc8oH--o-
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amervtrn1 year, 1 month ago
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Yes, it is absolute nonsense!
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For those of you who believe that 700 billion will do the job: Rule of thumb for government estimates. Double the estimate for the first six months, triple for the next six month period, 33.5 percent for each following six month periods attributed to unforeseen inflation adjustments and cost overruns .But we are already at 1.8 trillion. Know when to hold'em know when to fold'em know when to walk away!NO BAILOUT!
“Party is the madness of many for the gain of a few.”
– Alexander Pope
Subject: Messages to Congress running as high as 300 to 1 against the bailout
Continue to rail against the storm! Voting power! -
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lfergie8121 year, 1 month ago
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mivan4
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That is one person's opinion. Anyone can put together a film of half truths to sway opinion. That's how propaganda works.
All the Republicans do is point fingers at the Democrats when they had complete control of this country for 6 years. Why didn't they do something about it then instead of pointing fingers at things that happened 30 years ago? Because they can't take responsibility. That why. Everything was going fine until energy prices hit the roof and the dollar deflated in value because of Republican's spending on the Iraq war and Haliburton.-
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lfergie8121 year, 1 month ago
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The CRA was responsible for rebuilding many communities and not just the black neighborhoods as you would like to point out. Republicans make it out as an act to force loans to blacks but that was not the only purpose of it. nuff said.
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sgmkahler1 year, 1 month ago
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WHAT ARE YOU GOING TO DO TO MAKE THINGS BETTER verses pointing a finger?
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We elected these people -- the Dems have been pulling the strings for the past two years, we had 911, war on terror, Katrina, the world tilted 2 degrees, global warming, God ripped out of the schools and a good standard of living for the past 220 plus years. Now all of a sudden - it is pay day and no one wants to write a check! I am going to pray more for our leaders, work harder to give to the poor and needy more, cut my life style back to what is necessary to make my life fit in what we are being dealt and move forward very carefully.
What are you going to do? G1-
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lfergie8121 year, 1 month ago
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"We elected these people -- the Dems have been pulling the strings for the past two years"
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Funny you didn't mentioned the Republicans pulling all the strings for the previous 6 years that these things happened. Why didn't the Republican congress pass laws to put God back in schools? Because they play the religious right for fools.
I just wish you guys would make up your mind. Do you want the bill passed or not? Personally I myself don't give a hoot.
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Wolfie20071 year, 1 month ago
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fresnodanny1 year, 1 month ago
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i'm sorry. did you type something? did you say TRUST those we put in government? ahem... WE didn't put anyone in government. not even republican voters. THEY put themselves in office through fraudulent means and now that we've reached a pivotal point in this whole clusterf**k of a situation, you are naive enough to trust THEM to handle it? just read their plan. there are really no checks and balances in it at all... they leave it wide open for wall street to take advantage of the situation. the "golden parachute" clause says nothing about their salary. they're still taking a million bucks a month in pay. are YOU? WAKE UP!!!!! before the hot coffee gets you in the face! bush and all his cohorts in crime have their running shoes on and suitcases open waiting for the cash... then it'll be a mad dash for the door while we all stand with our pockets inside out saying "wuuuuh?"
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TruthTeller71 year, 1 month ago
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Just about EVERY politician in our system,especially the Congress,Senate and House,are ALL active or Former,Lawyers!!
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Thats' why they are able to talk with the Gleaming Generalities
that most of us as Tax payers don't understand...and they like
that natuarlly.TRUST? I have learned the hard way NOT to trust
Lawyers and or Politicians!!! Get real.
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DropkickaLib1 year, 1 month ago
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Anyhow, if you heard Pelosi's partisan speech just prior to the floor vote, no wonder the bill didn't pass. Dems, my advice is to get a Speaker who doesn't antagonize the other party right before a key vote.
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This bill represents massive inlationary spending. No wonder the Republicans and 40% of the Dems opposed it.-
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UnusualSuspect1 year, 1 month ago
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First they're for it, then against it?
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Sounds like the Republicans are a bunch of babies...what, they can't listen to a speech by Pelosi and still vote the correct way for the good of the country? Crybabies, all of them...
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"The package, which was backed by both the Democratic and Republican congressional leadership as well as President Bush, failed in the House by a vote of 228-205.
A majority of Democrats voted for the bill. A majority of Republicans voted against it.
The Republican House leadership blamed Pelosi for giving a partisan speech before the voting that they said alienated House Republicans."
"Ask yourselves why you came here and vote with courage and integrity to those principles. If, like me, you came here because you believe in limited government and the freedom of the American marketplace, I urge you vote in accordance with your convictions," Rep. Mike Pence, R-Indiana, said.
"Stand up for limited government and economic freedom. Stand up for the American taxpayer. Reject this bailout and vote no on the emergency economic stabilization act," he said.
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I other words, vote no and doom the country we live with possibly years of our children paying the bill that could have maybe have been softened by a positive vote today...-
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redtomatoComment removed: Spammer
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ecotourusa1 year, 1 month ago
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Unusual-
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(with all due respect) You're gullible. you're completely influenced my MSM.
Dennis Kucinich did not support the bailout. He is a very wise man...and a democrat. I appreciate good people.
Rep. Kaptur, a democrat, also, did not vote in support of this ridiculous move by the corrupt in our govt. to socialize our economy.
watch her video: (you'll be impressed)
http://www.youtube.com/watch?v=S27yitK32ds
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amazed1 year, 1 month ago
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the dems were doing that all weekend. On George Stephanopoulos -- McCain is talking about getting the deal done and other issues, the dem comes on and is trashing McCain. On Chris Wallace, that Lindsay guy is talking about the deal and what it needs and John Kerry's trashing the republicans in general and McCain in general --even going back to HIS debate with Bush to continue the trashing. Meet the press, about the same thing.
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Even the sound bites I heard today -- Obama says McCain is just posturing -- so what? You think no one can see it?
This is a huge problem that the Democratic leadership has -- and has had. Nearly the entire substance of Kerry's campaign was "vote for me 'cuz I'm not Bush"...no, duh! Even there is much of vote for Obama because McCain IS Bush.
And now, with this incident, with one side of their mouths they talk about reaching across the aisle, but they just can't resist the opportunity to get a lick in against a Republican.
No wonder this country is in such a mess.
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obiefrommuskogee1 year, 1 month ago
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I don'tunderstand how an accounting change solves the liquidity problem. If your house is valued at 200,000 and you can't make a cash payment on the mortgage, but under different accounting rules your house is valued at 180,000-- you still can't make a cash payment on your mortgage.
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nostalgia1 year, 1 month ago
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Are you talking about the "Mark to Market" accounting requirement??
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If so, an economist, Brian Wesbury, was discussing this over the weekend - it was a rerun of the show he had been on earlier in the week
It is explained here:
http://www1.daveramsey.com/etc/fed_bailout/economi...
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jdenzer1 year, 1 month ago
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Apparently, no one thinks that taxpayer dollars should be used to prop up people and institutions who made bad choices.
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I don't think it's a good idea to proceed with the "bailout," for three reasons: as a matter of fact, government has never been able to outsmart the market and now is not a good time to try; as a matter of principal, placing the control of all capital in the hands of the government is antithetical to the notion of a market economy, let alone a free market - every country that has tried to regulate the market and economy has failed; and what a message to send the world - the government will use the tax dollars collected from those who made the right choices to bail out those whom made bad choices.
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Engnr1 year, 1 month ago
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As far as people who bought more than they can afford; let em lose their houses and I don't care.
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As far as the institution they were forced to make these loans by some Community Organizers (BO comes to mind) we need to help them and get rid of the affirmative action that caused this whole mess.
http://www.youtube.com/watch?v=H5tZc8oH--o-
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lfergie8121 year, 1 month ago
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Boy! You sound like someone that has a stake in a bank because my feelings are that the lending institutions that let out these fraudulent loans should go bankrupt and their CEO prosecuted for embezzlement..
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"affirmative action that caused this whole mess."
Now here's another stupid statement. If you think that loans to blacks are the reason the banks collapsed you're beyond help. They were loaning out money they never had in the bank. That's the reason this problem is happening. You know. Phil Gramm and McCain's push for deregulation.
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4betterAmerica1 year, 1 month ago
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The Republicans are the ones that enabled this mess. McCain was one who pushed deregulation several years ago and the GOP were the ones that voted for it.
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It was deregulation that fed the frenzy and led CEOs to ignore their moral values and give into greed.
CEOs should be punished as should the failed banks.
I heard on NPR an official from Switzerland tell about a total monetary failure there some years ago. He said we should stop ours now but put a lot of teeth in it. If I remember correctly, they seized (or something) 70% of the stock of the companies so that the middle class wouldn't suffer.-
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protoham1 year, 1 month ago
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This will tell you where it started and who to blame, if you dare watch. Remember BO's qualifications for being president? "Community Organizer", well as it turn out he was suing banks and forcing them to make bad loans. Some qualifications!
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BO should be tarred and feathered.
http://www.youtube.com/watch?v=H5tZc8oH--o-
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jordan111 year, 1 month ago
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Oh, a you tube piece has all the answers eh? And that music! Evil! Democrats are evil! Gloom & doom & evil democrats! Be afraid, be very afraid! LMAO! That isn't even a good propaganda piece. Dang, you're not too sophisticated are you?
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Step away from the kool aid, go back to the Reagan administration which began deregulation, do some research on unfettered capitalism, (you could start with the savings and loan meltdown & go from there), and don't forget to check in on the antics of Enron, then get back to me.-
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buckncindykill1 year, 1 month ago
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It started before Reagan. Carter began this mess, which was beget by the Democrat controlled Congress through the 80's, which was beget by Slick Willie, which was beget by Bush, who actually tried to stiffen the regulations but was scrapped by the Dems. Don't believe it, just ask Barney Frank, Chris Dodd and Mr. Schumer.
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Your Kool-Aid is laced with liberal poison.-
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lfergie8121 year, 1 month ago
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buckncindykill said
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"Bush, who actually tried to stiffen the regulations but was scrapped by the Dems"
You're a political liar. Bush had the Republican controlled congress to do everything he wanted but his only priority was the Iraq war and Saddam's execution. True Democrats have never been for deregulation but rather that's what McCain has been trying to push through congress his whole time there including Reagan years. Reagan got deregulation passed because of the southern Democrat base that have conservative views and that's why they're nearly all Republicans now-
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rimbaud1 year, 1 month ago
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Poor Bush... Here he's given the Republicans everything the know-it-alls have been grousing about all these years, and now THEY are the ones balking. Just goes to show, you can't please anyone. I'm sure he can't wait to be done with this suit-wearing, double-speaking gig and start voting as a Democrat.!
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thinksalot1 year, 1 month ago
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The deregulation you're talking about dealt with undoing all the red tape the dems put in place only to boggle-down the efforts to rebuild and replace the actual and financial infra structure of America to assure it's stability. Now, what's wrong with that. I'm not a repub, but I am sensible and I believe Reagan was the best president we've had since Teddy R. Ronnie, baby, where are you when we really need you?
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nostalgia1 year, 1 month ago
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Jordan
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Don't agree with the YouTube piece
Do watch it and take notes - all of the sources which are shown
Then Google those sources and read the entire article
You will have a much better picture of what happened when you read all of the details
I had to watch it numerous times to get all of the sources because it does flash by quickly -
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Jimjn21 year, 1 month ago
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The Republicans stopped the mad, panicked rush to sign a bad bailout bill. The Dems and Bush were all set to sign it.
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So this is a great day for the Republicans then. WhY? Because they listened to the American people.
And that means it was a good day for MCain too. Why? The leader of the Republican Minority in the House of Reps. credited John McCain with making personal calls to congress to work out a better bill.
He also said, "if not for John McCain being at the meeting, they (The Dems and Bush) would have steam-rolled right over the minority Reps. (who did listen to us,,, the people).
Once again John McCain does what is right not what gets him "smoke and mirror points" like Obama.
Obama walked away when he should have got in there to help. He did not want to take a stand, just get a video / sound bite, again (just be present for the 130th time).
Obama went back out campaigning while McCain stayed at his office in VA for the weekend and helped pass a better bill.
Who do you want as president now? Someone who talks good but does nothing or someone who does the right thing and helps builds a consensus with both parties to a more positive outcome?
This is why McCain is the one to help us the most now. It's not about who looks good, it's about who does good.-
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dennis49c1 year, 1 month ago
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Why is it that the Democrats who got us in this mess, all voted against Fannie & Freddie being regulated, because of the monies they were receiving for their coffers. Chris Dodd and Harry Reid should step down and let someone else work on this. The bailout is totally a joke.
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They even tried to put an earmark in the legislation for Acorn, a radical leftist group supported by democrats. They just don't get it - Let's vote them out........-
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not2needy1 year, 1 month ago
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We can't believe anything that Dumbya says! He said the stimulus was going to fix our economy, did it? NO! Now he says this 700 billion $ bailout is going to stabilize our economy.. will it? I doubt it.. Bush is busy slapping bandaids on the cancer he has spread in this country, in hopes that it buys him time until November. Will it buy him time? Probably, but God help the person who has to step in and attempt to fix this mess.
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People who voted for Dumbya should be very proud of themselves. He proved himself to be wasteful and a destroyer of everything he touched long before he was handed the presidency. He, his family and his cronies are the only people who have benefitted from his presidency. Congratulations to all the people who voted for him, you got what you deserved. If you vote for John McCain, you will get more of the same, but some people never learn that you can't put a square peg in a round hole, but a fool never learns from their own mistakes, Bush is living proof of this. -
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nostalgia1 year, 1 month ago
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not2needy1 year, 1 month ago
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nostalgia1 year, 1 month ago
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not2needy1 year, 1 month ago
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nostalgia1 year, 1 month ago
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No one listens to Bush - remember the budget he sent to Congress early this year - Reid and Pelosi said it was Dead on Arrival
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When Paulson brought that legislation to Congress NOTHING could have happened unless Reid and Pelosi pushed it
You still haven't told me why almost ALL of the Democrats voting for this-
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not2needy1 year, 1 month ago
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Where did you get your information that ALL the democrats voted for this bailout?? This article doesn't give names as to who voted for it, i have looked and looked for sources to verify what you have said to no avail.. so where did you get your information?
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nostalgia1 year, 1 month ago
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Try reading my comment again - "almost ALL" and I should have added "will be voting for this
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The actual vote will start any minute now
In the comittees that held the hearings it was ALL
Turn on C-Span and you can watch the numbers
The names will only come out later
All you will see right now of the total of Democrats and Republicans
The magic number to pass in the House is 217 I believe
Some of the cable channels will probably be showing the vote also
Your leaders are supporting this- Reid and Pelosi-
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not2needy1 year, 1 month ago
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well as it appears the House voted it down!
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WASHINGTON - The House of Representatives on Monday defeated a $700 billion emergency rescue package, ignoring urgent pleas from President George W. Bush and bipartisan congressional leaders to quickly bail out the staggering U.S. financial industry.
Stocks plummeted on Wall Street even before the 228-205 vote to reject the bill was announced on the House floor.
And it also appears that Dumbya (R), is the one pushing this so hard, and i haven't read much that claims the Libbies are ALL for it.
However, McCain and Obama both voted for it, although neither were convinced.
http://www.usnews.com/usnews/politics/bulletin/bul...-
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nostalgia1 year, 1 month ago
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"McCain and Obama both voted for it"
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No. they have not. The Senate has not voted and are not scheduled to vote until later this week
I just listened to the Democrats - news conference with Pelosi, Frank etc.
Only 60% of the Democrats voted for it
I've been watching it all morning on C-Span
I was surprised to see 91 (I beliece that was the number) Democrats voted against it
I'll be curious to see the names
I think there are around 49 Blue Dog Democrats - they might be a large chunk of that number
"And it also appears that Dumbya (R), is the one pushing this so hard, and i haven't read much that claims the Libbies are ALL for it."
Reid and Pelosi are pushing this along with Dodd and Barney Frank
They certainly aren't Republicans-
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not2needy1 year, 1 month ago
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I guess what i should have said is that Mc and Obama support it but aren't convinced!
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HOWEVER, Reid and Pelosi are only 2 people, with 2 votes, and hardly constitutes almost ALL!, even with the support of Frank and Dodd, it hardly qualifies that almost ALL the Libbies are for this.-
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amazed1 year, 1 month ago
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N2N -- hardly any of the general public -- liberal or conservative or in between seem to be for this bailout, but in the house, it was the democratic leadership (and the more left leaning) that were pushing it the hardest and the republican leadership that was holding out.
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When push came to shove, apparently a good chunk of both the republicans and the democrats just said no --thank heaven.
Amazingly enough, once in a while, even a democrat can be wrong.
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tootiredofignorance1 year, 1 month ago
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When are you and people like you going to quit blaming Republicans and the Bush's for the cancer that has been growing in this country for years. It is the fault of ALL POLITICIANS and the apathy of the American People for this problem. There is not an elected official up there who is not in someone's pocket. The rampant corruption on the hill has ballooned every year since the inception. But we all sit back and do nothing but listen to the liberal press that could not tell the truth if it knew it. Wake up!!! Vote them ALL out. Quit blaming all on one man. He does not and never has had that much power
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amervtrn1 year, 1 month ago
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“Party is the madness of many for the gain of a few.”
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– Alexander Pope
Subject: Messages to Congress running as high as 300 to 1 against the bailout!
This is the E-mail for my so called senators and representatives: I make this solemn promise to do my best to ensure the defeats of every member of congress who votes for the Bailout. Those of you who have enjoyed my support in the past, will see an active participant in the attempt to see you removed from office, should you vote for this abomination.-
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nostalgia1 year, 1 month ago
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You might find this article interesting:
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Golden Nuggets of U. S. History
The Blue Quill Series
Concord Learning Systems
Founding Fathers: Political party affiliations
Political parties did not exist in 1789. Washington despised the idea of political associations, formed in such a way as to pit one group of citizens against another
http://www.laughtergenealogy.com/bin/history/polit...
We didn't listen did we??
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amervtrn1 year, 1 month ago
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If you are posting against the Bailout, you will be removed as spam.
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This is the E-mail for my so called senators and representatives: I make this solemn promise to do my best to ensure the defeats of every member of congress who votes for the Bailout. Those of you who have enjoyed my support in the past, will see an active participant in the attempt to see you removed from office, should you vote for this abomination.
Subject: Messages to Congress running as high as 300 to 1 against the bailout
Why haven't they got the real Message? -
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BovineSkunk1 year, 1 month ago
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Bail out a Ceo who should be investigated for criminal activities.
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They are nuts. I say take them to court and, if found guilty, enact the Rico act. Bush wants his buddies bailed out let him use his own money. These guys need have their 'golden rain' stopped and be held accountable. -
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thinksalot1 year, 1 month ago
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Like I said before . . . politicians and heads of corporations aren't held accountable in matters like these. Congress people are only people and should be treated as such, not the Gods they believe they are. Investigate, try them, then put them in a hard labor prison and confiscate all the assets they received from corrupt and unreasonable dealings. Multi=million dollar golden parachutes? I don't think so!
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thinksalot1 year, 1 month ago
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This whole mess came about because our so-called representatives are not representing us. And still we keep returning these corrupt buggers to office. In a way, it's our own fault for trusting in our politicians to do what's best for America instead of themselves. We should remove tham all and get some new honest blood in there, until they prove to us that even they can't be trusted to do the job. $700 billion is just the beginning. Your grandkids and great-grandkids will be paying for mistakes made by greedy and dishonest people in the financial and government sectors of our nation. Think about it!
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paws37101 year, 1 month ago
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I am tired of hearing on the news that these poor men and women worked all weekend and got up early to vote this morning. Is is such a rare thing for them to really work? I know plenty of people who would love to work 1-2 days a week and get paid the salaries that they get.
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nostalgia1 year, 1 month ago
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The House is scheduled to adjourn after voting on the financial bailout legislation
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The adjournment resolution adopted by the House left open the possibility that leaders could call the chamber back into session at any time prior to the Jan. 3 start of the 111th Congress, whose members will be elected Nov. 4.
LOL they need to get back to their districts to campaign!
Never mind that they haven't done the spending bills in the House
They aren't planning to go back into session until Jan 3.
That is utter nonsense
How many days do you think this Congress has worked this year?
Are you listening to this on C-Span?
In moving for a procedural vote, Rep. Louie Gohmert of Tyler said this morning: "I move to adjourn so we don't do this terrible thing to America."
His procedural vote was not approved
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Stand4Justice1 year, 1 month ago
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I am trying to post important information and it keeps saying it is spam!! so much for Freedoms!! Frustrations rising and only will be worse when things get worse!
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Last try:
**TODAY IS OUR LAST DAY TO MAKE YOUR VOICE HEARD!!**
LETS GET TO IT!! WE ONLY HAVE UNTIL 12:30!!
At least lets stop the clock!
While Congress tries to pass a bill to alter America's history, people from all over the political spectrum are organizing into groups and many others have all begun petitions and movements against the bailout.
We have strength in numbers - help spread the word so we can make a difference before it's too late!
Read Full Story at unitedliberty http://www.unitedliberty.org/
WHO IS FOR THE BAIL OUT (phone numbers and email addresses)
http://www.dailypaul.com/node/64973
Time is running out to make your voice heard and let lawmakers know that this bill constitutes a breach of the public trust and will result in their defeat.
Bickering won't stop the problem of Today!
Lets get serious and do something...make your statements where it counts!! -
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wilhite-571 year, 1 month ago
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It's better to go down fighting as a free man and to risk poverty, than to be a well-fed slave. Socialism must be stopped dead in its tracks before we are dead in the streets. It's really that simple. No to the bailout. No to socialism. Yes to the free market. Yes to freedom. Skrew the Demonazis. They can kiss it. I'd rather wreck the country, leave it burning and destroyed, than surrender. I wrote to Congressmen and demanded that they vote NO to the bailout. No No NO
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simonsez1 year, 1 month ago
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Think about who benefits most from this ... Schumer gets his money from these people, Dodd gets his money from them as well in CT, plus Fannie and Freddie and the insurance companies.
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They are both in every photo and they will be well rewarded for their efforts. But they want you to think they are doing it because they care about main street.-
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amazed1 year, 1 month ago
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Dodd moved to Iowa this year and even enrolled his kid in school there (all the while keeping his CT Senate seat) so he could run for Pres. --result -- I don't think he ever even cracked 5%.
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He is the number 1 recipient of funds from Fannie Mae and Freddie Mac. Countrywide Mortgage gave him big bucks, too. He is chairman of the banking committee, but is so astute that he didn't even realize that he was getting special treatment from Countrywide when he got his last mortgage.
CT is truly blessed to have such fine senators as Chris Dodd and Joe Lieberman (a bit of sarcasm there)
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amazed1 year, 1 month ago
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Let these institutions take their lumps. Should they fail, there will be new companies formed to fill the void --hell, some of these guys who got golden parachutes might invest some of their big bucks in a new bank.
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You never know....
But, because there will always be a market for loans and mortgages, there will be people who will see the profit opportunity and step up to take it.
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HateKoolAid1 year, 1 month ago
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Well it seems to have failed to pass, good. My impression was that the main reason those republicans that voted against it didn't like the oversight and CEO caps provisions, not the purpose of the bill itself. If section 8 had been approved and no restrictions against CEO golden parachutes included it might have squeaked through.
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ChefEOD1 year, 1 month ago
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That would be accurate except for the fact that the so called oversight & CEO caps written in were garbage & fluff. Go and actually read what just failed; those CEO caps were just for new hires, they guys who actually drove this bus into the river still got to keep theirs. And who was it trying to push it through and even claimed a premature victory? Pelosi and her ilk - but wait aren't they demopukes?
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not2needy1 year, 1 month ago
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Ani, it was your main man Bush that was pushing so hard for this.. McLame voted for the bailout as well! But you do just that, go vote straight repug.. it's the very thing for you to do.
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This was supposed to be under ani's comment! EGAD
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anioklyComment removed: Spammer16 Replies
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mamafig1 year, 1 month ago
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Fact:
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A. Clinton administration in 1999 proposes lifting restrictions for home loan applicants so people with less than stellar credit and people with low incomes can afford homes
B. 2001- Fannie mae has almost 50% loans now from low income homeowners
C. George Bush in 2003 tries to get them to tighten restrictions, Fannie and Freddie put risk with low income loans, debt growing
D. Greespanadvises that Fannie and Freddie are accruing too much debt because of low restrictions from 1999 and low income homeowners, we could be at risk for a possible bail out if economy turns. too much debt for Fan and Fred
E. Here we are today
As i see it
A. Clinton caused this to happen,not everyone is able to own homes and if you are giving a 30 year mortgage, unless you are going to guarantee the economy will be great for 3o years, never before done in history, then eventually these homeowners will default on loans and be foreclosed on. NOT EVERYONE CAN OWN HOMES.
B. Bush is at fault for not pushing harder in 2003 to get them to change regulations so that they stopped issuing mortgages with low down paymetns to low income people.
But with a democratic congress and house, guess what, they wouldn't listen...Bloated codfish, BArney Frank, just told us it was republicans that caused this, but when he was questioned in 2004 about greenspan comment on warnings of loans from fannie and freddy, it wasn't going to happen and he was just alarming the public..
Guess what, Barney boy was wrong....
And we my friends are the jerks who somehow believed that Bill Clinton was correct in lowering income requirements and lowering down payments and today, we are still believing in democrats and why...cause we are just too stupid
You are opting not to go to the NY times archives and read about what really happened because you like to live in the democratic world of fantasy.....grow up before our democratic congress and house , who by the way do most fo the law making kills us -
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HateKoolAid1 year, 1 month ago
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You do realize the head of your party, the guy whose praises you've been singing for the last eight years, is the one who was crying Armageddon and is crying right now don't you aniokly?? Also the reason some of the republicans voted against it was because it contained oversight provisions.
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not2needy1 year, 1 month ago
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Of course you see it as a Clinton error.. Bush and his ilk has done no wrong! If this wasn't so pathetic it would be laughable!
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And guess what Georgie boy has been wrong on just about everything he has done for the last 8 years, but i don't see you laying any of this at his doorstep! Why doesn't that surprise me?-
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HateKoolAid1 year, 1 month ago
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"Of course you see it as a Clinton error." Nope. I do however remember Bush making speeches about how his administration was going to help every American realize the American dream of 'home ownership'. He left out the part about the ownership only lasting about a year.
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HateKoolAid1 year, 1 month ago
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Sadly I think the ones who voted against the bill are going back to their districts to get re-elected in November then going back to Washington and the first thing they will do is bring the bill back up for a vote and this time vote for it. This includes both democrats and republicans. You gotta love politics.
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ptoutlet1 year, 1 month ago
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Maybe congress should have been investigating the financial book cookers a year ago instead of worrying about baseball and Barry Bonds and Roger Clemens...How much time, energy, and money did the American tax payers have wasted on that... Had congress been investigating finances and been aware there was a problem, maybe this whole financial crisis thing could have been headed off. Congress should have followed the advice of a great American with these words of wisdom (Barney Fyfe) " Nip it in the bud,Andy you got to nip it in the Bud!"
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BillieMaxer1 year, 1 month ago
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The Rich Are Staging a Coup This Morning ...a message from Michael Moore
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http://www.michaelmoore.com/words/message/index.ph...-
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mamafig1 year, 1 month ago
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miCHAEL mOORE WHO WOULD BE THE FIRST BLOATED CODFISH OUT OF HERE IF THERE WAS ANY ATTACK NEAR HIM. ANYONE THAT LISTENS TO HOLLYWOOD IS REALLY STUPID, THEY HVE JETS AND LIMOS AND HOUSES IN OTHER COUNTRIES AND BETWEEN ALL OF THEM THEY COULD FEED THE ENTIRE HOMELESS PEOPLE IN THIS COUNTRY BY THE TIME THEY ARE 32 YEARS OLD...SHAME ON THEM...
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mamafig1 year, 1 month ago
This comment is below the standard viewing threshold View It »
Fact:
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A. Clinton administration in 1999 proposes lifting restrictions for home loan applicants so people with less than stellar credit and people with low incomes can afford homes
B. 2001- Fannie mae has almost 50% loans now from low income homeowners
C. George Bush in 2003 tries to get them to tighten restrictions, Fannie and Freddie put risk with low income loans, debt growing
D. Greenberg advises that Fannie and Freddie are accruing too much debt because of low restrictions from 1999 and low income homeowners, we could be at risk for a possible bail out if economy turns. too much debt for Fan and Fred
E. Here we are today
As i see it
A. Clinton caused this to happen,not everyone is able to own homes and if you are giving a 30 year mortgage, unless you are going to guarantee the economy will be great for 3o years, never before done in history, then eventually these homeowners will default on loans and be foreclosed on. NOT EVERYONE CAN OWN HOMES.
B. Bush is at fault for not pushing harder in 2003 to get them to change regulations so that they stopped issuing mortgages with low down paymetns to low income people.
But with a democratic congress and house, guess what, they wouldn't listen...Bloated codfish, BArney Frank, just told us it was republicans that caused this, but when he was questioned in 2004 about greenbergs comment on warnings of loans from fannie and freddy, it wasn't going to happen and he was just alarming the public..
Guess what, Barney boy was wrong....
And we my friends are the jerks who somehow believed that Bill Clinton was correct in lowering income requirements and lowering down payments and today, we are still believing in democrats and why...cause we are just too stupid-
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not2needy1 year, 1 month ago
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They would lay down and die at the very thought that your idea could potentially make every American a millionaire! They want to make themselves and their cronies billionaires, they can't do that if they make all of us millionaires!
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This was a response to gayle2144.
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gayle21441 year, 1 month ago
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Here's a novel idea. 700 billion bailout. Population of US is approx 306,000,000. Why not give every adult 18 and over a million dollars and let us bail our own selves out. Too easy, to simple, gives too much to the ordinary person that's why. If congress did this seems to me they'd be saving money and we could fix things ourselves!
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BillieMaxer1 year, 1 month ago
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Health insurance? Mike, why are you bringing this up? What's this got to do with the Wall Street collapse?
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It has everything to do with it. This so-called "collapse" was triggered by the massive defaulting and foreclosures going on with people's home mortgages. Do you know why so many Americans are losing their homes? To hear the Republicans describe it, it's because too many working class idiots were given mortgages that they really couldn't afford. Here's the truth: The number one cause of people declaring bankruptcy is because of medical bills. Let me state this simply: If we had had universal health coverage, this mortgage "crisis" may never have happened.-
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mamafig1 year, 1 month ago
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Go to canada my friend, buy a 10 piece chicken nugget from mc donalds and you will pay 9.95 and milk, well when i went last year it was up to 7.50 a gallon, we went on the most expensive vacation in canada because we were TAXED TO DEATH ON EVERYTHING,. sorry, my husband works hard, i work hard and i don't need universal healthcare and yes, my friend, i have a child with a fatal illness and he doesn't need so wacky insurance system where he gets ok care because no one is making money. Now if we get rid of all the illegal immigrants sitting in our hospitals getting free care just because they are just that illegal immigrants then maybe more americans can get beds in hospitals.....sorry universal healthcare is yet just another fantasy of the democrats, why because the big guys have enough money to pay for who ever they want to care for them and really don't care if you get shoddy care...
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BillieMaxer1 year, 1 month ago
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Another nincompoop repug. You watch too much TV and listen to way too much repug propaganda. My brother just had both hips done, no long wait and no problem, you have no idea of what you are talking about. Oh ya , as Bush told you, don't buy drugs from Canada because he hasn't tested them . So what did many of you silly repugs do, stopped buying the same drugs from Canada at much cheaper prices than you pay right at home. Canada buys the drugs from you in the first place, so who is stupid here, your repug leader knows who and they profit from it. But no, you won't believe it cause you are too narrow and brainwashed to learn anything on your own.
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gayle21441 year, 1 month ago
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Here's a novel idea. 700 billion bailout. Population of US is approximately 306,000,000. Why not give every adult a million dollars and let us bail our own selves out. Seems to me it would be a lot cheaper and we could take care of things ourselves and not let big business and government run things their way. Why won't this happen? Too simple, too easy, too good an idea.
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Eagle_Eye1 year, 1 month ago
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They did not approve it!! Perhaps we are being heard in Washington
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http://www.propeller.com/story/2008/09/29/house-re...-
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mamafig1 year, 1 month ago
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i WOULD BE TOTALLY FOR IT IF THEY WOULD PUT IN WRITING THAT ALL OF THEIR CEO'S AND TOP EXECUTIVES WOULD BE TERMINATED, INVESTIGATED BY THE FBI (IF FOUND TO BE GUILTY OF FRAUD OR MISDOING, THEN THEY WOULD HAVE TO SELL ALL THEIR BOATS, HOUSES, OTHER ASSETS AND PAY EVERY PENNY BACK) AND LOSE ALL THEIR SEVERENCES AND PENSIONS. THEN WE COULD HELP SAVE THE OTHER PEOPLE WHO DEPEND ON THEIR JOBS TO LIVE, NOW THAT WOULD BE WORTH HELPING OUT...THAT IS WHAT AMERICA SHOULD BE ABOUT...
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bgrt631 year, 1 month ago
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I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs. —Thomas Jefferson, 1802
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labs2go1 year, 1 month ago
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For all those of you against the bail out plan, good luck when your 401k plan goes down the tube. I forgot most of you dont have a 401k plan. And as for those in congress that voted down the plan, thanks alot. Most of you don't have a clue what the average person has lost with your vote. Your day will come when have to face the voters.
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jammed10001 year, 1 month ago
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we are all unbelievable angry. but politicians should have done something a long time ago and now refuse to do something. we are to blame if we reelect any of them. could a whole new group do any worse? we have a large group of self-important morons running this country. ok, realistically, a 'bailout' is needed to help everyone not just Wall Street. in the long run we all will suffer more without the help.
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ecwma1 year, 1 month ago
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I seriously doubt if our Congressional members were listening to us, their constituents; they never do so why start now,even during an election year? The ONLY folks the majority of Congress listens to are the lobbyists with the deep deep pockets; look at all the 'gifts' and donations they get from the lobbyists; so hate to burst the bubbles of the liberal and the conservative folks but congress cares about congress and that is about it.
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lloydm651 year, 1 month ago
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I said it before heads should roll.No one with their hands in the cookie jar up to the elbow,should be tried for grand theft. Anybody taking out a loan for any reason under false pretenses should have to walk away empty handed.Being poor doesn't give one the right to be rewarded.Stop talking about a terrible economy,and look.I haven't seen any mass foreclosures hear in my area.My next door neigbors are selling there house,and buying a larger house.
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Dot21101 year, 1 month ago
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I AM AMAZED THAT OUR CONGRESS HAS NOT ELICITED THE HELP OF SOME OF THE LEADING ECONOMISTS TO BEGIN TO SOLVE THIS PROBLEM. I HAVE READ SEVERAL ARTICLES WRITTEN BY THEM AND WHAT THEY ARE PROPOSING IS MUCH BETTER THAN PRINTING MORE MONEY THAT PUTS US FURTHER IN DEBT WITHOUT TOTALLY UNDERSTANDING THE PROBLEM.
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I AM HOPING THAT THEY LISTEN TO US AND SPEND THE TIME NECESSARY TO SOLVE THIS CORRECTLY. -
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jay-em1 year, 1 month ago
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The bailout is distasteful, like a lot of medicine. I want to hear from every one of you 'anti' recovery people once the Depression breaks over us. Explain to your friends and neighbors, and explain to your kids and grandkids how ignorant, thoughtless, braindead, uninformed Palinist fools sealed the collapse of what was once the world's greatest economy. We'll be begging for food from Chavez and Hu JinTao. Just watch and see.
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buzkro1 year, 1 month ago
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We do not need a bailout. The weakened finincial companies should leave the bad assets on their books (at cost). Everyone will know that the balance sheet is not as strong as it appears. They could depreciate these bad assets in about 20 years or so. The Federal
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