Political Punch

Our House of Representatives listened to over 200 of America’s top economists and smart people of this country. They did what was right not what was fast and convenient and prosperous to the very rich. The fact that the House of Representatives rejected the bail out is awesome! Here is why. The bill was a just a band-aid that still benefitted the very rich and not the people. It was not a solution to the cause of the problem. This bill would only have postponed the inevitable to just after the next President is sworn in on Jan. 29, 2009. There are real solutions to the cause of the problems of the credit crises not even considered in this terrible fast paced 700 Billion dollar extortion bail out bill for the extremely rich people of this country and around the world.

In January 2009 the 7 trillion dollars in bad mortgage loans that the banks have reported will still be unpaid. Who knows how many trillion dollars of bad mortgage debt have not been reported by the banks. 700 billion dollars won’t even come close to paying for all of this debt. Financial melt down is inevitable. Let it happen now so true recovery can begin. Bush and his Cronies did their best to ram this 700 billion dollar pay off to the rich for making this mess down our throats.

Here is some interesting info. Bush and Chaney have recently purchased homes in foreign counties to for a speedy get away to live in after their terms are over in Jan. 2009. They didn’t want this economy to blow up on them while they were still in office. They didn’t want the blame for their very real immoral, unethical and most likely illegal actions. Yeah they got both.

One last fleecing of the American people was halted by our smart members of the House of Representatives who listened to the people and over 200 of America’s top economists. We can truly thank them for listening to us.

It’s time for millions of people to march on Washington DC peacefully in protest. The puppets of congress of the extremely rich are going attempt to pass this fraudulent bill again. “The only thing to fear is fear itself.” (President Franklin D. Roosevelt Democrat) Make the members of the House of Representatives and the members of the Senate know they were hired by all of us who voted for them not just a few very rich people. Make them know we are their bosses not a few rich families. We the People: Demand REAL SOLUTIONS FOR ALL PEOPLE not for just a very few extremely rich people!

Newsweek confirms the story:

Freddie Mac had previously paid an advocacy group run by Davis, called the Homeownership Alliance, $30,000 a month until the end 2005, when that group was dissolved. That relationship was the subject of a New York Times story Monday, which drew angry denunciations from the McCain campaign. McCain and his aides have vehemently objected to suggestions that Davis has ties to Freddie Mac-an especially sensitive issue given that the Republican presidential candidate has blamed "the lobbyists, politicians and bureaucrats" for the mortgage crisis that recently prompted the Bush administration to take over both Freddie Mac and its companion, Fannie Mae, and put it under federal conservatorship.

But neither the Times story -- nor the McCain campaign -- revealed that Davis's firm, the Washington, D.C. based lobbying firm Davis Manafort, continued to receive $15,000 a month from Freddie Mac until last month-long after the Homeownership Alliance had been terminated. The two sources, who requested anonymity discussing sensitive information, told Newsweek that Davis himself approached Freddie Mac in 2006 and asked for a new consulting arrangement that would allow his firm to continue to be paid. The arrangement was approved by Hollis McLoughlin, Freddie Mac's vice president for external relations, because "he [Davis] was John McCain's campaign manager and it was felt you couldn't say no," said one of the sources. [McLoughlin did not return phone calls].

One of the giant mortgage companies at the heart of the credit crisis paid $15,000 a month to a firm owned by Senator John McCain's campaign manager from the end of 2005 through last month, according to two people with direct knowledge of the arrangement. The disclosure contradicts a statement Sunday night by Mr. McCain that the campaign manager, Rick Davis, had no involvement with the company for the last several years. Mr. Davis's firm received the payments from the company, Freddie Mac, until it was taken over by the government this month along with Fannie Mae, the other big mortgage lender whose deteriorating finances helped precipitate the cascading problems on Wall Street, the people said...

...On Sunday, in an interview with CNBC and The New York Times, Mr. McCain responded to a question about Mr. Davis's role in the advocacy group through 2005 by saying that his campaign manager "has had nothing to do with it since, and I'll be glad to have his record examined by anybody who wants to look at it."

1.1 trillion today, how much more tomorrow? Enough talk about recession, the general public may now become concerned about depression. I am sickened by this vote. Should the dow get slammed tomorrow, which it probably will, all those opposed or contributing to the veto of this bill should be RUN OUT of office. Pelosi, Paul Brown (Georgia), Eric Cantor (Virginia), et al. Shame on you! In my mind you should all bow out and be replaced by politicians who represent their constituents. I'm a dem in cali. Pelosi, i will not vote for you when you come up for re-election. All the repubs who didn't step it up, shame on you too. I hope the public can see ALL those who voted against the best interests of the country today. OUR politicians should be trying to establish and maintain the solvency of this economy. Unbelievable!!!!!!!

Dave in lv

The democrats stepped up: FACTS ARE FACTS..

Democrats voted for 141 voted against 94

Republicam vote for 66 voted against 132

Can anyone honestly look at Pelosi's speech and say it was a request for bipartisan support for this bill?

Knowing she only had 60% of her own Dems supporting the bill did Pelosi do ANYTHING to ENCOURAGE Reps to support this bill?

No and no.

Pelosi is like the scorpion trying to cross the river. She can't help herself.

President Bush is the greatest president in the universe. Miss Pelosi is the evil one.

The Banks of the United States have reported 7 Trillion Dollars in bad mortgage debt. Let me ask all you geniuses out there what good is it going to do to have the tax payers buy 700 Billion Dollars of this 7 Trillion Dollar debt. Who knows how much more debt the banks and financial institutions have not been reported. Spending this 700 Billion Dollars on this debt is like throwing kerosene, dynamite and gasoline on a wild fire storm. It only makes the fire hotter and more dangerous and destroys those who fueled the fire just like giving the extremely rich this 700 billion dollars. The tax payers debt, the nation debt will just go up and prolong the tax payers suffering, starving, and wreak havoc on their physical, mental and financial health.

The Banks of the United States have reported 7 Trillion Dollars in bad mortgage debt. Let me ask all you geniuses out there what good is it going to do to have the tax payers buy 700 Billion Dollars of this 7 Trillion Dollar debt. Who knows how much more debt the banks and financial institutions have not been reported. Spending this 700 Billion Dollars on this debt is like throwing kerosene, dynamite and gasoline on a wild fire storm. It only makes the fire hotter and more dangerous and destroys those who fueled the fire just like giving the extremely rich this 700 billion dollars. The tax payers debt, the nation debt will just go up and prolong the tax payers suffering, starving, and wreak havoc on their physical, mental and financial health.

"Teddy Roosevelt helped create the estate tax (death tax as dopes call it) but McCain opposes it--so is McCain is stupid or just a liar."

Both.

Concerned in OH,

"I don't think 60% qualifies as "most"."

Well the I'd love to spilt a hundred dollars with you! Ill take $60 you take $40 becuase you know Im not getting most of the money am I ?

No wonder your voting for McCain...Your stupid!

Again, today McCain says he's a Teddy Roosevelt Republican.

Teddy Roosevelt helped create the estate tax (death tax as dopes call it) but McCain opposes it--so is McCain is stupid or just a liar.

It shows Republicans don't understand the implications of a financial collapse. The GOP will suffer for this, not the Dems.

It's the duty for politicians to have courage to vote what is best in their interest.

No, I don't have respect for those who voted against it, on both sided.
We should be outraged to those who voted against it. We should send them an e-mail, call their office, send them letters.

TJ, THE CLINTONITE

"WE HAVE A CHOICE BETWEEN A WELFARE KING OBAMA"

Have you read there policies ?

Obama tax breaks for the midle class and all his Tax plans cost $3 trillion
95% of which goes to middle class Americans!

John McCains "WELFARE" Costs $5.4 trillion of which 74% goes to those earing over $250,000 the rest to companies and just 12% to be split the other 95% of Americans (The middle class)

Get some facts before you shoot off!

"Nancy Pelosi may have given a partisan speech, but she was able to get most of her Democrats on board."

I don't think 60% qualifies as "most".

Until I stop seeing CEOs being rewarded with million dollar "salaries" I will not support ANY type of Wall Street bailout! These CEOs are being rewarded for screwing Main Street!! Hello?? Has ANYONE heard of "cause and effect"?

I can't stop crying. All that I have worked so hard for has been totally wiped out almost, and the ones who voted the bill down are still multi-millionaires and up. Someone please tell me where is the justice in this?

When will Sarah Palin release her tax returns?

McCain and his campaign believe he ought to have gotten credit for the passage of the rescue plan.

McCain, today:
I put my campaign on hold for a couple days last week to fight for a rescue plan that put you and your economic security first. I fought for a plan that protected taxpayers, homeowners, consumers and small business owners.

I went to Washington last week to make sure that the taxpayers of Ohio and across this great country were not left footing the bill for mistakes made on Wall Street and in Washington.

Some people have criticized my decision, but I will never, ever be a president who sits on the sidelines when this country faces a crisis. Some of you may have noticed, but it's not my style to simply "phone it in."

Steve Schmidt, McCain's chief strategist, on Meet the Press:
"What Senator McCain was able to do was to help bring all of the parties to the table, including the House Republicans, whose votes were needed to pass this"

So if McCain wanted credit for passage, shouldn't he share the blame for its defeat?

Two thirds of half Republicans voted for its defeat, a,d that after a weekend of telephone call diplomacy from McCain.

Nancy Pelosi may have given a partisan speech, but she was able to get most of her Democrats on board.

Do you all understand that America does not function without credit???

Do you prepay for your groceries before they are grown, or canned, or harvested, or trucked to the store?

Do you pay for the gas in your car, before the oil is shipped here, refined, piped to the distributors, trucked to the station?

Do you buy your electricity or water before you use the lightbulb or turn on the shower?

If credit in not available, the economy stops. Basic needs will not be available for even the consumer with his fortune hidden in his mattress or buried in the coffee can in the backyard!

Get off your high horses! Even if the bill was a "crap sandwich" it needed to be choked down!

The Rasmussen Reports daily Presidential Tracking Poll for Monday shows Barack Obama attracting 50% of the vote while John McCain earns 45%. That’s the fourth straight day Obama has been at 50% and the fourth straight day McCain has been at either 44% or 45%.

If Obama gains the presidency I sure hope he can put a muzzle on Pelosi! She sure isn't following his doctrine of "civilized behavior" and everyone working together towards a common good.

I'm against any package that does not include progressive income and wealth taxes to be "insurance" for high income investors who games of economic Russian Roullet put us in this mess.

If they want a bailout they need to finance it with taxes.

I also don't the US purchasing loans or whatever that are not backed by tangible assets.

Buying derivative hedges or whatever is unacceptable. They are junk. I read that a cohort of Milken helped create some of these things -- figures.

Pelosi assertation that the Democrats delivered on this vote is a patent lie. As in FALSE!

95 Democrats voted against this bailout! That is 40% percent disagreed with Pelosi. That is only about 35 votes different then the number of Republicans that voted for the bill.

The bill was crap and did nothing for main street America. Those that voted against this bill could see that.

Is a bill needed? Yes. And perhaps if congress can actually get Pelosi and Reid out of the way, a bill that actually works FOR THE PEOPLE could actually be crafted.

Again, for those who still don't get it: today's vote is a major blow to John McCain.

You should know that McCain and his top aides took credit for building a winning bailout coalition – hours before the vote failed and stocks tanked.

The rush to claim he had engineered a victory now looks like a huge strategic blunder that will prolong the McCain’s campaign’s difficulty in finding a winning message on the economy.

Shortly before the vote, McCain had bragged about his involvement and mocked Sen. Barack Obama for staying on the sidelines.

“I've never been afraid of stepping in to solve problems for the American people, and I'm not going to stop now,” McCain told a rally in Columbus, Ohio. “Sen. Obama took a very different approach to the crisis our country faced. At first he didn't want to get involved. Then he was monitoring the situation.”

McCain, grinning, flashed a sarcastic thumbs up.

“That's not leadership. That's watching from the sidelines,” he added to cheers and applause.

Now all the tables turned on McCain.

Voters who paid attentention to his theatre flash a thumbs down that wil last into November.

Don't like the Bill? Vote "nay" on the merits and state your case. Republicans voting "nay" because they got their feelings hurt by democrats should be impeached by their constituents. This is not the play-ground. My family has been your biggest supporters and we will all be voting you OUT!

Cultural Amnesia

The democratic congress put there butts on the line to save the American economy.. The economy that has been put in this messy shape by the Republican party!

Why should the democrats take reasponabilty for doing all the lifting when your party made the mess!

GIVE ME A BREAk! You position is stupid!

The Republican position is :

WELL WE WERE GOING TO PASS THIS BILL TO SAVE THE AMERICAN ECONOMY

BUT THEN PALOSI BLAMED US BECAUSE WE WHERE IN CHARGE FOR THE LAST 7.5 YEARS

SO SCREW SAVING AMERICA'S ECONOMY!

What a joke!

Goodness! Do you really think all these loans were made to people with poor credit? Wake up!!!

Unless you had A+ credit scores, you could not get a 120% LTV. The loans that went over 100% LTV were primarily 2nd mortgages, lent to existing homeowners with strong payment histories and good credit on existing homes they owned. These people leveraged their primary residences to beyond the gills to put Hummers in the driveways, pools in the backyards, pay off credit card debts, pay for plastic surgery, and pull out equity to put money down on an pre-construction "investment" condo they planned on "flipping" to someone more foolish than them. They banked on the delusional profits from their flip, the future continued rapid increase in property values, and their future ability to just refi again to carry them through. Now, these are the homes in foreclosure, because these once credit-worthy gamblers now can't sell their flips, they can't sell their homes, and the homes are now worth less than they leveraged them for so now they can't refi out of their adjustables. They owe more than they are worth! These homes are now worth literally often $100K+ less than their market highs and these owners, though many still really able to pay are choosing not too, mailing back their keys..."jingle mail."

This is the sick reality of what the greed created with deregulation!

How could anyone vote for this bill when the folks they are representing direct them not to. We didn't ask our representatives to go to Washington and take orders; we asked them to go to Washington to carry our messages. Do they discredit or disrespect their contiguents and thereby ignore their requests. It took tremendous courage and respect to vote this proposal down.
The Demo are saying we came up with a plan that we liked and the Rep need to agree with us or they are the bad guys. Does this sounds like a compromise? Too bad it hasn't occurred to anyone yet that the ole kindergarten rules apply...keep it simple, tell the truth, and play fair. But, playing by these rules takes courage...look at what Palin is having to deal with.

0bama said on the stump today that the fundamentals of the economy are strong.

LOL.

"Im pulling out my money and putting it under my bed! "

No... You should convert it to Euro's and then put in under your bed.

Only the GOP could vote down a bill, then blame it on a speech. This thing is proposed by their President and Treasury Secretary, not the Dems in Congress.

McCain is just another third term I'm afraid.

Yay Republicans. Screw the economy.

Re-election first! Country second!

Anyone in Congress that said a deal was done before John McCain came back to Washington to help, has now been caught in a lie.

This moment in the history of our nation has spiraled down into pure politics.

Obama does not have a clue. Pelosi does not have a clue. Harry Reid and Barney Frank do not have a clue.

Do you all think the media will blame McCain for this?

They better not!!

The Democrats control the majority in Congress and Pelosi and Obama failed to get enough of their own votes in their own party to pass this Bill.

The Bill was a boondoggle, and needs to be improved.

I pray that McCain and Hillary can get together today and get a deal worked out to help America.

The Democrats led by Pelosi have failed America.

Monday, September 29, 2008
Great Moments in American History

The Signing of the Declaration of Independence:

House Republicans: "We were going to sign. We were. We had dipped our quills in the very ink. However, it was then that John Witherspoon made a rude noise, directed at our very standing area. Therefore, we refused to sign."

The Gettysburg Address:

Lincoln: "Four score and seven years ago...Why are you looking at me like that? No, I mean like that. Don't look at me like that. I refuse to continue."

D-Day:

General Eisenhower: "Men...off the carrier and to the shore! No...No...I said it nicely. I was just trying to be enthusiastic. No, I didn't mean that you wouldn't get off the carrier. No, that's the usual tone of my voice.

Man's Landing on The Moon:

Neil Armstrong: "That's one small step for man, one giant...What, Buzz? No, I'm not trying to imply anything. No, I've never even thought about that. Yes, we all have the same size suits. No. Size 9. Yes, double E."

The Stabilization of the American Economy in the 21st Century:

"You hurt our feelings."

The Repulbicans are a party of no ideas. The Democrats are a party of bad ideas. And the rest of the Parties are non existant.

I cannot believe that the Republican (and some Democrat) politicians would play with our future. This is not a game! My retirement is probably completely wiped out now- and the only reason the Republicans gave for voting against THEIR president's bill is that Pelosi gave a partisan speech! This is outrageous and unacceptable! If we do not collectively vote them out, we will continue to get more of the same. I say, "thanks, but no thanks!" UNBELIEVABLE!

I have never saw a bunch of useless, dysfunctional, incompetent, corrupt, etc. as the people in Washington representing “We the People”. They were sent there by the voters to represent them and have failed miserably. Glass-Steagall Act of 1933 was repealed in 1999 with congress controlled by Republicans and Phil Graham’s name all over it, then the Clinton Admin. signed it into law. Give the Republicans their credit for this! Americans need to clean house in Washington, both Democrats and Republicans.

one more thing...McCain is still just a Senator...until you win the big game...your still just a Senator...same as Obama, difference is he isn't talking this fake heroic crap...I'd go for realistic to the point information and that information is: Ball of confusion.

Let us hope, divided as they are,American people will not extreme positions and create a second, even more deadly imbroglio, and remake a sort of Succession war again. I know, and sincerely hope, the people I was taught to admire, and who always, in times of distress have had the cold mind to choose the right path will do it, once again. God bless America,and enlighten the American people !

António M G.,Sr.

This is crap on both sides of the hall...oh yea, there is no suspension of campaign when you call on press conferences to talk about your opponents politics...this is insanity and America is wearing a big black eye.

It was President Bush and the Republicans cheering for the runaway housing market bubble:

"The pace of economic growth in the third quarter of 2003 was the fastest in nearly 20 years; new home construction, the highest in almost 20 years; home ownership rates, the highest ever." (Applause) - President George Bush, State of the Union Address 2004

Don't try to blame all this on the Democrats! Greed and unfettered consumerism created this nightmare...there is plenty of blame for everyone!

"Seems to me that Bush finally was finally responding to a situation with a sense of urgency and his fellow Republicans let him down."

Its funny (more sad than haha) but a coworker and I were discussing this and the only guy not acting like a partisan is Bush.

Whodathunkit.

PS. Plus there was a general agreement on the bill as it was drafted then the democrats tried to put many add-ons in the bill which really put a kink in the works. Besides bailing out the financial institutions and their bad debts, the dems want to bail out the homeowners who who are being foreclosed because they never had the means to pay for the mortgage in the first place.

"For the last decade, Democrats used Fannie and Freddie as their own personal piggy bank."

Huh? Every donation combined to Democrats doesn't equal the millions paid Rick David alone who was paid for his access to McCain.

To say nothing of Charlie Black.

"I blame the Democrats"

No, you have it wrong.
In a nutshell:

1)
Problem is caused by DEREGULATION.
Grahammm, Bush and the Neo-Capitalistic Milton Friedman cronies unleashed the wolves.

2)
The wolves paid the congress to keep their republican and democratic mouth shut.

3)
Financial Crisis.

The sad thing is that Argentine learned it the hard way that the NeoLiberal ideas of Milton Friedman didn't worked, now we are following in their footsteps.

Some bloggers keep claiming that this was a republican bill and a republican solution. Where were the democrats in the first place. Why weren't they trying to put together a solution and a bill? Aren't they capable of doing this.

Nancy Pelosi needs to learn to keep her venom to herself. This is not being bi-partisan or putting our country first and she just had to get as many digs in when diplomacy is what is needed.

Ashley VA, Are you nuts? Obama and his ACORN, Fannie and Freddie buddies all promoted loans to risky borrowers that McCain and the Republicans all tried to put a stop to. A vote for Obama is a vote for treating the tax payer dollars like a piggy bank for every stupid government give away program you can think of. Obama and the Democrats are responsible for our current financial crisis and if they get total power they will bring the whole Nation down to the level of a third world Nation.

What lost today's vote was the current speaker (Nancy Pelosi)! What possessed her to lambast the republicans prior to this critical vote is totally beyond me, BUT SHE IS NO LEADER! Through her partisan speech today, she set up some members who may lose on November 4 -- not against them as much as there will be a vote against HER!!

The Good LORD was probably looking down on us, for this was a clear vote NO FOR SOCIALISM!!

There is enough blame to go around on this fiasco. The Financial Services Modernization Act of 1999, started the ball rolling. And while there is a lot of blame to be placed on the Administration for not ram rodding more regulation through, there is a lot of culpability in Franklin Raines (Clinton's former OMB chief), Jim Johnson (initially Obama's VEEP search committee chair) and Jamie Gorelick (all over the Clinton administration -- DOD & Justice to name two), and their cheer leaders in Congress. Candidly, it is probably time for a new chair of the banking committee. Barney Franks provided a lot of cheerleading to keep lose credit going, as did Chris Dodd in the Senate.

Point being, it is time for new leadership in the House and Senate. We cannot afford the current speaker any longer. In the largest vote of her career -- she lost! 40% of the Democrats DID NOT VOTE FOR THE BILL!! Historians will ask the rhetorical question: WHAT WAS SHE THINKING?????

"it was not Pelosi or the dems that had to make the republicans happy

Posted by: dl"

pelosi had more than enough dems to pass the bill. She could not get her own party on board. pelosi is a failure. Get over it.

Hadenough.

For the last decade, Democrats used Fannie and Freddie as their own personal piggy bank. Now Obama AND HIS party have the audacity to blame Republicans.

Why should we bail out the democrats?

Oh the eloquence of our public servants. My heart be still ...
In the year 2008 Americans are served up metaphors that make us realize we are witnessing the latest reality show and the host and game players suck.

And the tow teams vying to be the next hosts are waiting in the wings.

Remember Ashley, you're not just voting for Obama. You're voting for an Obama/Pelosi/Reid alliance. Every half-baked socialist plan ever hatched will be thrust upon America, regardless of our national debt. Bookmakers should take bets on what the debt will be in 2012 if Obama wins.

Seems to me that Bush finally was finally responding to a situation with a sense of urgency and his fellow Republicans let him down. Republicans have the nerve to blame Democrats for failure of a bill many didn't want to see passed in the first place. They would blame them if passed too. Democrats tried to work with their party leader (Bush) and Republicans abandoned him and have offered absolutely no alternative. Disgraceful...but I shouldn't have expected less. Meanwhile, the clock is ticking and more banks will go under, the stock market will continue to sink, and Republicans will continue to argue well into the great Depression of 2008.

"A majority of Democrats voted for the bill. A majority of Republicans voted against it. The Republican vote was more than 2-1 against the bill."

Congressional leaders have had their inboxes full of bailout opposition letters 900 to 1. It is no suprise they voted against this nonsense. To bad that some that know it is nonsense, admittingly so, voted for it.

This is hilarious

BROWN: Before Senator McCain went to the White House, um, there was general agreement among, uh, Senate Republicans, Senate Democrats, House Dems on -- on broad outlines of the panel, not unanimous, we were not there yet yesterday because of -- because of several things, but generally broad consequences, and the House Republicans and Senator McCain kind of blew it up.

end of transcript

He's admitting essentially that there was not a deal. He outs himself. There really wasn't a deal, and he wasn't even signed on to it. "Admittedly I'm not there yet," and then he blames everything on the House Republicans and McCain.

I have a sinking feeling the ONLY people who will benefit from this "Bailout" are the rich and wealthy of Wall Street and personally, I could care less about the stupid DOW or anything else wall street! This is coming from MAIN STREET AMERICA.

Jiff

This crisis has definitely shown me the light. I've voted Republican all my life but I just can't do it this year. I'm so sick and tired of this. I've never thought in million years I would vote for a Democrat but something has to change. How Obama's handling this crisis compared to McCain has finalized my vote. I'm taking a risk with Obama but I would take a bigger risk with McCain.

Our House of Representatives listened to over 200 of America’s top economists and smart people of this country. They did what was right not what was fast and convenient and prosperous to the very rich. The fact that the House of Representatives rejected the bail out is awesome! Here is why. The bill was a just a band-aid that still benefitted the very rich and not the people. It was not a solution to the cause of the problem. This bill would only have postponed the inevitable to just after the next President is sworn in on Jan. 29, 2009. There are real solutions to the cause of the problems of the credit crises not even considered in this terrible fast paced 700 Billion dollar extortion bail out bill for the extremely rich people of this country and around the world.

In January 2009 the 7 trillion dollars in bad mortgage loans that the banks have reported will still be unpaid. Who knows how many trillion dollars of bad mortgage debt have not been reported by the banks. 700 billion dollars won’t even come close to paying for all of this debt. Financial melt down is inevitable. Let it happen now so true recovery can begin. Bush and his Cronies did their best to ram this 770 billion dollar pay off to the rich for making this mess down our throats.

Here is some interesting info. Bush and Chaney have recently purchased homes in foreign counties to for a speedy get away to live in after their terms are over in Jan. 2009. They didn’t want this economy to blow up on them while they were still in office. They didn’t want the blame for their very real immoral, unethical and most likely illegal actions. Yeah they got both.

One last fleecing of the American people was halted by our smart members of the House of Representatives who listened to the people and over 200 of America’s top economists. We can truly thank them for listening to us.

It’s time for the people to march on Washington DC peacefully in protest if they attempt to pass this fraudulent bill again. “The only thing to fear is fear itself.” (President Franklin D. Roosevelt Democrat) Make the members of the House of Representatives and the members of the Senate know they were hired by all of us who voted for them not just a few very rich people. Make them know we are their bosses not a few rich families. We the People: Demand REAL SOLUTIONS FOR ALL PEOPLE not for just a very few extremely rich people!

Let's be clear

how many people on here

if a bank or mortgage lender went over your budget and said the loan payment will be this amount...

and worked out numbers to show you how you could afford a bigger house...

wouldn't have taken the bigger house.

mortgage brokers could take bigger risks because the risks were not there's anymore...they were wall streets deregulated wild west...

and if companies on top of that had not been given carte blanche to get as big as these did (thank you Gramm again)

we wouldn't be on the hook like this

this is the same team and policies from the s&l crisis

it is about a whacked back regulation system in wall street that was whacked back by all the people sitting around Mccain.

period.

The Democrats had the votes but Pelosi couldn't get her ducks to line up. Why is that the Republicans fault?

In my eyes, the true heroes are those members of the house that voted against this bail-out. Our voices were heard ... democracy lives!

Our House of Representatives listened to over 200 of America’s top economists and smart people of this country. They did what was right not what was fast and convenient and prosperous to the very rich. The fact that the House of Representatives rejected the bail out is awesome! Here is why. The bill was a just a band-aid that still benefitted the very rich and not the people. It was not a solution to the cause of the problem. This bill would only have postponed the inevitable to just after the next President is sworn in on Jan. 29, 2009. There are real solutions to the cause of the problems of the credit crises not even considered in this terrible fast paced 700 Billion dollar extortion bail out bill for the extremely rich people of this country and around the world.

In January 2009 the 7 trillion dollars in bad mortgage loans that the banks have reported will still be unpaid. Who knows how many trillion dollars of bad mortgage debt have not been reported by the banks. 700 billion dollars won’t even come close to paying for all of this debt. Financial melt down is inevitable. Let it happen now so true recovery can begin. Bush and his Cronies did their best to ram this 770 billion dollar pay off to the rich for making this mess down our throats.

Here is some interesting info. Bush and Chaney have recently purchased homes in foreign counties to for a speedy get away to live in after their terms are over in Jan. 2009. They didn’t want this economy to blow up on them while they were still in office. They didn’t want the blame for their very real immoral, unethical and most likely illegal actions. Yeah they got both.

One last fleecing of the American people was halted by our smart members of the House of Representatives who listened to the people and over 200 of America’s top economists. We can truly thank them for listening to us.

It’s time for the people to march on Washington DC peacefully in protest if they attempt to pass this fraudulent bill again. “The only thing to fear is fear itself.” (President Franklin D. Roosevelt Democrat) Make the members of the House of Representatives and the members of the Senate know they were hired by all of us who voted for them not just a few very rich people. Make them know we are their bosses not a few rich families. We the People: Demand REAL SOLUTIONS FOR ALL PEOPLE not for just a very few extremely rich people!

Without credit liquidity the housing market can not recover. Without a housing market recovery, foreclosures and bankruptcy filings will continue to rise, unemployment will increase, and everyone whom insisted on sitting on the sidelines because they were morally opposed to the idea of "bailing out the rich" will sink with the ship too. Sometimes "being right" or "righteous" gets in the way of "doing what is right." Heaven help us!

I blame the Democrats for insisting that everybody in America should be able to buy a home they can't afford.

Take a close look at Dodd and Frank and their committees, and Dems such as Maxine Waters and many others, who poohpoohed the insistence of others - such as John McCain - that Fannie and Freddie were cooking the books to show solvency where there was none. Take a look at which members of Congress benefitted most from Fannie and Freddie.

This is a bi-partisan mess - but the Democrats are at the root of the mess. Ask yourself what America will look like under Obama, the Dems, ACORN, and the viewpoint that everyone deserves everything - especially those who can't afford it.

dl, Good thing the vote went down. It was a bad bill and Obama was for it along with Bush, Pelosi and Reed. Now the truth is known, an Obama Presidency will bring another 8 years of Bush.

"20% of profits to be reserved to the Housing Trust Fund" (i.e., nearly all of which goes to ACORN, for the "uninitiated")?

Uninitiated in this case meaning those who have not been brainwashed by the right wing.

The National Housing Trust Fund is not ACORN.

ACORN would be able to apply for grants just like any other non profit org.

This is a Republican problem not a Democrat's. A Republican administration put together a bill and the Democratic congress worked with the administration to amend the bill and reach a compromise. It was a Republican president who addressed the nation and told of dire circumstances should the bill not pass. It is Republicans who deserted their President. Democrats were under no obligation to support the bill as is and many did not. Meanwhile, the clock ticks....and Republicans like Boehner have no coherent alternative. I certainly don't like the fact taxpayers are stuck with the bill....but it is a better alternative than sinking this country into depression. So, where is the white knight McCain in all this?

When you ask for 750 billion with no strings and no over site, puttting lipstick on it doesn't help. This was a victory for the American people.

Ex Republican

WoW.

This is an egg thrown in McCain's face. He spoke before all his chickens hatched and while Obama is calming everyone he's out there playing partisan politics. Blaming the Dems and Obama.

I understand why he's blaming the Dems. But why Obama?

Should't he also blame the Republicans. Only 1/3 of Republicans voted for the bill.

McSame what a Shame.

"After learning of the House vote failure, Senator Obama told the American people and Wallstreet to remain calm. Congress would come together and do the right thing.

What did McCain say? He blamed Barack Obama.

Night and day, people. Night and day."

Exactly. One guy is acting like a leader the other a petulant 5 year old.

Well there always were questions about McCain's temperment and when push came to shove he was all gimmicks and no solutions.

Captain America

it was a disdainful bill

but without it...we may collap[se...adn homeless...and jobless and our security and our standing in the worldl market could possibly collapse...

it was the republicans who needed to come up with a bill

and just so you know the one they tried to play off (written by the people who received the most moneys from the deregulation lobby ugh) was shot down ...by a Republican administration!

in the face of time and risk...

the dems did what was right and reached across...

to have the republicans act like the whiny little partisan children they are playing games.

this was a republican bill

from a republican administration

it was not Pelosi or the dems that had to make the republicans happy

it was the republicans that had to make the republicans happy

and every person that did not vote for it...if the stock market crashes

should be flogged.

Obama's $140BILL to his ACORN?
a nice criminal outfit in Obama's district that horribly mismanages tax grant housing funds to scrape off money for their real agenda:leftwing radical politics and registering nonexistent, felon, dead, and illegal voters by the hundreds of thousands rottenacorn.com

Did you want to know why McCain can't stand the sight of Obama?

were it not for the provenance of wisdom and courage that McCAin showed you'd be stuck with $140BILL extra

the loans will make interest, the ones that do not default
OBama was trying to take that interest for himself, instead of paying it back to the taxpayers

The level of disgust for Obama and his thuggery and thieving must be unspeakable.
"20% of profits to be reserved to the Housing Trust Fund" (i.e., nearly all of which goes to ACORN, for the "uninitiated")? This was/is unacceptable.