Money Beat

Just another squeeze on our pockets. I honestly believe we are going to fall hard in the next few weeks. I may be wrong but it is very scary right now. What happened in the 30's?? How bad was it??

Oil went up because the dollar went down because of this $700 billion bail out plan.

Ron Paul and his advisor Peter Schiff have been talking about this for years. They have also in recent days talked about the fact that oil will rise almost uncontrolably for quite some time, and the dollar will crash in light of this bailout. I would encourage Bianna to give Ron Paul some love. Surely the guy that predicted Fannie and Freddie's demise in 2003 deserves some love.

Well when you talk about over a trillion dollars for the bail out so far what happens to the dollar? It falls. Now if you want to shore it up the taxes will have to be raised. What the Republicans fail to tell us is that the Great Tax give away during the time of war has essentially strapped us with higher prices for everything, because of the falling value of the dollar.

The Republicans keep saying we can not afford Democratic policies, well it is no wonder when one looks at the huge defict they have managed to create.

Let them sink for all I care. I am agianst bailing the, out even to save my own rear end.

It looks like Dr. Paul said the truth.

I am not suprise since he accepts no special interest money. To me the politicians that are free of this conflict of interest can tell the truth. Bravo Paul.

Doesn't this just show how fickle the stock market is? Sounds to me like these nervous investors would just as quickly shed another $700 billion of risky investments on the American taxpayers if they have the chance. We seeing the fragility and the absolute house of cards that Wall Street really is. No way no how no bailout. Let them all suffer. If we have to go down, let's go down.

Dont be manipulated by the market. Those who lived by the sword should die by it. Stop the Bailout or slow it down until we get the protection we deserve.
Write to the Senate Banking Committee at the attached webform. Tell them to SLOW DOWN and not be railroaded into a deal that will create runaway inflation.
Senate Banking Committee Website:
http://banking.senate.gov/public/index.cfm?FuseAction=Contact.FormDo

How about we spend the 700 billion on alternate energy plans to free us from oil dependency, which is at the bottom of so many of our problems, including the climate crisis, the obscene power of the recently tribal and undeveloped middle east nations that we are spending billions now to protect our interests in and wage war with, and a great slice of the corporate lobbying, greed and political powerbrokering that are poisoning our governance.

Why isn't anyone in the media talking about the Gramm-Leach Bill signed into law in 1999 by President Clinton. This bill repealed laws enacted in the 1930's to separate banking industry from Insurance Industry and Securites and preventing another Great Depression. Well Congress repealed this laws and now we are on the verge of anotehr Great Depression. I think the country should kbow about how Congress banrupted our country.

No bailout. Why not poll the American people. Let's vote for the bailout come November. Put it on the ballot along with Ron Paul's name for president.

i am a democrat that is voteing for obama. that said if ron paul was the republican candidate i would vote for him he would stop all the evil the republicans do.

Trickle down economics at work

Look at the positve side. If the country goes into a depression, then there will be less money for the U.S. Government to wage war on the American people. If all these Government agencies and special interest groups were shut down like Ron Paul suggest then that might save the country from a depression. The U.S. Government can't be the moral police and spend like idiots. Enough is enough. Leave us alone!

Sorry, here is the correct website for the Senate Banking committee comment form:
http://banking.senate.gov/public/index.cfm?FuseAction=Contact.Form

tom - Obama will win in November, and I hope he serves us well. I hope he makes good choices. I just can't believe the republican candidates ridiculed and laughed at Paul in the debates when he said our economic prosperity was going to come down hard and fast. Remember the question at the Reagan library where the candidates were asked if we were better off now than 8 years ago. There was a lone "no". Gee I wonder who that was? I choose Obama over McCain because of foreign policy. The "bomb Iran" song makes me sick and embarrassed.

Gramm-Leach Bill is the cause of all this crap.

Capitalism with no regualtion is a recipe for disaster

I say No Bail Out. We are going to fall anyway, we should just do it now and save 700 Billion.

I thought that gov't wasn't needed - that pure capitalism could handle everything.
The Christian Republican Church Party is losing its grip. Even its corruption practices cannot help overcome the currect world problems.

Does this really surprise anyone? For the past eight years, we have been spending far more than we are willing to pay for through taxes. We are getting exactly what we deserve. W. and McCain have touted their lower tax mantra for the past eight years, but spend, spend, spend on war and other nonsense to the point putting us and our way of life in peril. Let's all just sit back and enjoy the show.

This is just the beginning, bail out or no bail out. I don't think Washington has any idea how p***d off folks are on Main Street. We are mad! There may be blood in the streets before all of this is over, even with the bail out. And I don't say that lightly. There are real problems out here, real anger. Somebody in Washington better be paying attention.

Michelle-WA - It never was pure capitalism. The Federal Reserve has seen to that. They have made policies to create what appears to be prosperity. Problem is that it exist because of a mountain of debt. Our money is also not worth anything thanks to the Feds policies.

Worst President ever Bush has got to be impeached that is the only soulutions

I have said before and I'll say it again. I am concerned that we are headed for another Great Depression. I have heard horror stories about the last one. People were eating lard sandwiches or bean sandwiches and money was very scarce. We all will be in trouble if this happens. We better all start praying to God to turn this situation around.

marlene - This time around those lard sandwiches are genetically modified, full of pesticides, and most likely artifically colored. Damn things suck right now. Go Ron Paul!

JJ---I agree, but it is far too late to impreach Bush. The election is 43 days away and then we will have a new president-elect that will begin a transition into what will arguably be the hottest seat in the world. Can you imagine the scale of the issues our next president will be facing? Whoever he is will no doubt need everyone's support, regardless of which party you belong to.