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Boehner Backs Bailout Bill
September 28, 2008 9:03 PM
"I’m encouraging every member of our conference – if their conscience will allow them to -- to support this bill," said House Minority Leader John Boehner, R-Ohio, just now.
-jpt
September 28, 2008 | Permalink | Share | User Comments (65)
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HE JUST LOST MY VOTE!!!
Posted by: hmn | Sep 29, 2008 1:35:09 PM
To jump start the economy, enact the Fair Tax. Result would be increased jobs, manufacturing would return to the US, and US would then become a tax haven for foreign companies.
Use all available energy resources.
This is what this country needs!
Posted by: big g | Sep 29, 2008 9:09:05 AM
since the advent of the superstores--and monster chinese junkyards--wallyworld etc.------i would ask what small businesses are they helping---there superstores are responsible for the loss of our tax base which is small business----i cannot afford a lobbiest--what small business can
Posted by: rodney | Sep 29, 2008 7:48:10 AM
The Bailout will ultimately fail when it hits the ground..."the system" will get greased but there is still to little income and too much debt on the ground. So, when that machine begins to start churning again its going to wear when it comes into contact with every day Americans.
America needs jobs with enough income to keep up with the debt.
Posted by: KenB, MI | Sep 29, 2008 5:19:39 AM
I suggest congress come up with a plan to spend 1 billion dollars in order to give the lower middle class and working poor a clean slate...allowing them to start from scratch.
Better yet...lets give that group a pass on any present tax debt, no tax for two years, forgive 50% of any student loans.
heheheheheh.
Posted by: KenB, MI | Sep 29, 2008 5:12:26 AM
To differentiate between Obama and his media facade, the logical place to start is his record of legislative accomplishments. But Barack Obama has no such record. So, we resort to that old English proverb, "You can judge a man by the company he keeps."
-----------------------------------------
You can judge a man by the company that pays him under the table as well.
Posted by: Leonard Peltier | Sep 29, 2008 4:51:32 AM
JohnnyB,
Horsepucky.
Not only did the Bush administration do nothing to protect consumers, it embarked on an aggressive and unprecedented campaign to prevent states from protecting their residents from the very problems to which the federal government was turning a blind eye.
The administration accomplished this feat through an obscure federal agency called the Office of the Comptroller of the Currency (OCC). The OCC has been in existence since the Civil War. Its mission is to ensure the fiscal soundness of national banks. For 140 years, the OCC examined the books of national banks to make sure they were balanced, an important but uncontroversial function. But a few years ago, for the first time in its history, the OCC was used as a tool against consumers.
In 2003, during the height of the predatory lending crisis, the OCC invoked a clause from the 1863 National Bank Act to issue formal opinions preempting all state predatory lending laws, thereby rendering them inoperative. The OCC also promulgated new rules that prevented states from enforcing any of their own consumer protection laws against national banks. The federal government's actions were so egregious and so unprecedented that all 50 state attorneys general, and all 50 state banking superintendents, actively fought the new rules.
But the unanimous opposition of the 50 states did not deter, or even slow, the Bush administration in its goal of protecting the banks. In fact, when my office opened an investigation of possible discrimination in mortgage lending by a number of banks, the OCC filed a federal lawsuit to stop the investigation.
Posted by: Leonard Peltier | Sep 29, 2008 4:47:14 AM
As an Indepedent, seeing someone attack Republicans with insults and name-calling is par for the course from the left. The only one that is "delusional" is believing that "America is ruined" and that only Republicans are to blame for the bank and finance problems on wall street.
It is the Democrats that blocked bills to stop the Fannie Mae/Freddie Mac breakdown.
McCain himself co-sponsored a bill to provide oversight and reign in the corruption of FM/FM.
The Democrats on the Senate Committee Blocked it!
Posted by: Michael | Sep 29, 2008 4:13:24 AM
colorado
"somebody on this blog suggested that the markets are being manipulated to support an immediate response to the economic crisis and whip everyone into a frenzy. i sort of agree"
Why would the rest of the world play along ? Why would Australia Canada Poland and the rest of the world do that ?
Why would they take a loss and loan the USA cash ? Why would the do cash swaps for our dollar at a loss to them ? For political stunts ?
Get real!
Posted by: Alex Independent. | Sep 29, 2008 2:47:59 AM
response to wakeup- i too have struggled as a single parent. we have also known that cold place, the fridge to no where. i work double shifts at least twice a week but we never make ends meet. when i hear how much these fat cats have stolen and will steal from us it makes my stomach sick. every time i look at my pittance of a paycheck after taxes i will remember. every time i cannot afford a textbook, i have yet to buy one textbook this semester and i have to borrow and xerox testbook assignments i will remember. everytime i have to borrow to get my kids to the doctor i will remember. but most of all i will remember in november/
Posted by: colorado | Sep 29, 2008 2:00:05 AM
God help us. We, the voters, need to make this election about change. Like changing every damned incumbant we can. We need new people that havent been bought, and then to insist on term limit legislation, so these hacks will quit serving special interests and start serving us. Id run but I have smoked pot, snorted coke, am a womanizer, cheated on my taxes and driven intoxicated, and visited an internet porn site. Theres a really cold place in my house my son calls the Fridge to Nowhere cause I cant afford food. Please vote for somebody new. Im talking congress. I dont care what party, just get rid of the incumbants.
Posted by: WakeUpPeople | Sep 29, 2008 1:38:54 AM
This thing need to be stop it , still doesn't solve the problems and by the way all the guilty parties that caused this crisis need to me procecuted, all the Chris Dodds, Raines , Johnsons and Barneys that year after year blocked reforms while getting paid in contributions to do so. They are CRIMINALS
Posted by: RodyPine | Sep 29, 2008 1:08:02 AM
somebody on this blog suggested that the markets are being manipulated to support an immediate response to the economic crisis and whip everyone into a frenzy. i sort of agree because pelosi, reed etc were sure in a rush to get the original 3 page bailout signed. also they were sure upset when mccain the sheriff showed up.
i believe that if mccain had not showed up when he did the bailout would be signed, sealed, and voted on with none of the new provisions to protect us. reminds me of the rush to invade iraq.
the more this things drags out the more it stinks-i bet they figured that into the equation.
Posted by: colorado | Sep 29, 2008 1:03:29 AM
so i read a horrifying sentence today in Newsweek - reminding us that Bush had wanted to privatize social security when he was elected, i.e. allow everyone to put their social security in the stock market.
are we glad that didn't happen?
so my question - where did the candidates stand on that initiative? can we expect the same type of 'maverick' and ultimately self-destructive behavior from a mccain or obama presidency?
Posted by: me | Sep 29, 2008 12:49:29 AM
culturalamnesia what state are you in?
i live and work in colorado, more jobs, better salary. new mexico is like a third world country when it comes to jobs, and salaries but it is my home. my multi-generational hispanic family lives in new mexico and i own a home there.
Posted by: colorado | Sep 29, 2008 12:48:25 AM
i believe that colorado could still go either way. mccain still has a chance here. more so than new mexico mostly due to bill richardson (governor) and a very strong democrat hispanic community, and a very liberal new york, california new comer, santa fe crowd.
but southern new mexico is strongly republican.
colorado is slowly loosing its conservative base-but i do believe mccain can still win colorado.
Posted by: colorado | Sep 29, 2008 12:40:55 AM
Colordao, i am not in a swing state what sense do you have of the voters in CO?
Posted by: Cultural Amnesia | Sep 29, 2008 12:25:17 AM
response to Cultural Amnesia; i had forgotten those incredible words spoken by john mccain. thanks.
what helps me is to watch the debates a second time without all the pre-debate hype. it is then, that mccains words jump out, and grab my heart.
Posted by: colorado | Sep 29, 2008 12:19:42 AM
"I'm not running for president because I think I'm blessed with such personal greatness that history has anointed me to save our country in its hour of need. My country saved me ... and I cannot forget it. And I will fight for her for as long as I draw breath, so help me God. I'm going to fight for my cause every day as your president. I'm going to fight to make sure every American has every reason to thank God, as I thank Him: that I'm an American, a proud citizen of the greatest country on earth, and with hard work, strong faith and a little courage, great things are always within our reach."
-John S. Mccain
Thank you McCain for giving me someone to vote for. I was a Hillary supporter. If your were not running, I would vote at all. I will be proud to vote for you in November.
Posted by: Cultural Amnesia | Sep 29, 2008 12:04:52 AM
Bishop what do you mean they have been moving money around?
are you suggesting the markets are being manipulated to justify the crisis to some degree?
Posted by: colorado | Sep 28, 2008 11:58:01 PM
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