Gingrich on the Bailout: Before D.C. Gets Our Money, It Owes Us Some Answers

Jake,
I'd like to hear your clarification on the post that states that this move will bail out foreign banks as well as US banks. Is this true and in what way? We are a global society but I don't see the US taxpayers footing the bill for the world--God help us!

While you're at it, please clue us in--why is it that politicians always deal with problems and crisis by creating more government? Do we need another regulatory group or do we need to fix the ones we have now?

Why is it that all the republicans are running from their leaders Bush & Cheney? Why are Republicans afraid to call themselves republicans? Lets hear a big round of applause for Bush & Cheney..... they've done such a good job since 2000...

mission accomplished

Leonard Peltier

Dear fool...go research.

You probably aren't worried because you don't pay any taxes from your basement room.

For the rest of us, the price tag for the Democrat's free-housing scan will be enormous.

And it will get a lot worse if the Obama-fool tricks enough voters to get elected.

So Obama hasn't been in Congress long enough to have experience, but long enough to cause a financial crisis.

He doesn't have the strength to stand up to foreign leaders but he is part of the Chicago mob.

He didn't get legacy'd in to Annapolis and a pilot slot after constant academic probation , have 11 houses and 13 cars but he is the elitist in this race.

Is Rove on vacation right now?

Obama blames the Senators for the financial mess. He is a senator. What did he do. He ran around collecting money from all the failed operations.

Obama is the PROBLEM not the solution.

cincyr, no I did not know that. Interesting to know more though. I guess Congress(both parties) are trying to figure this issue out. But so far only Obama has agreed to work with both parties, compared to McCains 'do this or else' idea. Troopergate is biting Palin in the butt, now McCains butt is being chewed on.

If Paulson gets his "clean" bill passed, he will become the de facto financial dictator of the world.

Did you know that under his proposal, foreign banks that do a lot of business here in the U.S. could also get bailed out? Paulson, today on "This Week" with Stephanopoulos, said "that's a distinction without a difference to the American people". What?

Our country is going crazy! This is crazy!

RL in Illinois, you forgot Turkey, our Ally, as well.
he dealt with the three countries diputing over water hoarding, and actually told Syrian/Iraqi in an open meeting to stop the hoarding. Obama's speech was about indiviual countries to drill for their own sources as well as share what they had now. I guess since all three countries has not had a 'table talk' in over twenty years, this makes Obama, more understanding of foriegn affairs than McCain. At least Obama has not commented on Spains anger towards McCains views of Spain. Read the newspapers, in Spain and other allies of the US.

Dear historyforgotten: Looks like you pretty much question everyone's info. Have you forgotten to research Obama's history on the Syrian/Iraqi money ties that possibly affected his stance on the Iraq war? You won't find it in the blogs. Re: 12:08:52 I pretty much find that your comments describe Obama supporters. You "follow" someone who has to make up a story about his own conception to get ahead. I guess if it fooled the Kennedy's.... His manufacturing himself started at birth. Baaaaaa

america*centric Thank you for at least checking some of the facts, and understanding that both candidates had issues here. But when you look at how much McCain recieved, in the long run, of his investments, he collected over 300,000 dollars of 'in and out' investing. Both parties should drop this case and focus, on the future.

america*centric needs a refresher course about vote in Congress. A Majority vote means both sides have to agree on it. That means Republicans also have their say in Congress. Just look at the Bill proposed and that failed from BOTH sides. It is an open record to view them. Research all sides, not just blogs. We have an education system. Take advantage of learning something other than one Opinion. That makes you a follower. A 'sheep' if you will. Wonder off on your own and explore you options. If you don't like Obama, vote independant, but don't vote Tycoonism.

HISTORYFORGOTTEN:
MCcain's was smaller by about $175,000 dollars.

Not that I think it was right that he took any.....

And yes, I definitely would never depend upon blogs... especially the ones in Jake Country!

"Sen. Christopher Dodd, the Democratic chairman of the Senate banking committee, has the gall to say in a Bloomberg Television interview:

"I have a lot of questions about where was the administration over the last eight years." asked Senator Dodd.

HE is a Democrat in charge of the
senate banking committee and,
along with Democratic Sens. John Kerry, Barack Obama and Hillary Clinton was one of the top four recipients of Fannie and Freddie campaign contributions from 1988 to 2008 .

All were actively opposed to any aimed legislation aimed at reforming Fannie
and Freddie and, by virtue of their negativity,further weakened the existing structure of these mortgage banks.

Sen. Richard Shelby had led a small group of legislators favoring reform, including fellow Republican Sens. John Sununu, Chuck Hagel and Elizabeth Dole.

Senator McCain was also speaking up for the need for reform and oversight in 2005!

Meanwhile, Dodd — who along with Democratic Sens. John Kerry, Barack Obama and Hillary Clinton were the top four recipients of Fannie and Freddie campaign contributions from 1988 to 2008 — actively opposed such measures and further weakened existing regulation.

By the way, Obama came in second when tallying up the "takee's".... and he was involved for the shortest time!

(Chicago slime slides into a politician's blood real fast!

So when Obama screams that this whole fiasco was brought down upon us by the Republicans and we should blame McCain, he's just spouting.. actually, he's SHOUTING just another one of his smooth talking white lies!

MCCAIN AND PALIN!

COUNTRY BEFORE BROKEN DOWN DEMOCRATS!

It's called a Tycoon Take-over. When you deregualate a company, and cause a breakdown in those companies, your friends reap the most through take-overs.

-I'm hearing attacks on the Reagan years of deregulation...and the attacks on the repeal of many of the regulations that allowed for a more dynamic, effecient world economy.(Clinton also played a part in this...both parties "contributed"...so stop trying to pick one or the other...it was bi-partisan...all were "on the take".)-

eric, you are correct. Clinton allowed them to continue, and I voted against him. But the deregulations benifited Oil Companies from the beginning. That is why even Bush tried his hand at Big Oil. Remember that. And now those same Oil Tycoons are McCains lobbiests. McCain has turned me away from the Republican ticket, this year, because he has proven he is not a leader, but a follower of Big Oil Tycoons. He Flip Flops his ideas, to go along with what they tell him. Who benifits from a non-bailout. Well lets see. McCain and recently Palin has a large amount of stock in Oil. None in Greener companies yet. If the government chooses not to bail-out the morgage companies, the Tycoons can sweep them up, and then McCain, I'm sure would support Greener energy. Doesn't sound like a supporter to me, but a stock market follower.

I take the view that it was NOT the lack of regulations that caused the problems we face now, but rather, the belief in the markets that THE GOVERNMENT WOULD ALWAYS COME TO THE RESCUE, thus pushing the fear of risk into the background, as Wall Street pushed for more "reward".

(when you eliminate most of the risk, you create a very bad economic / investment model... a fantasyland.)

I'm for very limited regulations ...but that only works when it's made PERFECTLY CLEAR, that anyone "placing bets" / investing / whatever, will have to also bear 100% of the risk... let the buyer beware.

I'm hearing attacks on the Reagan years of deregulation...and the attacks on the repeal of many of the regulations that allowed for a more dynamic, effecient world economy.(Clinton also played a part in this...both parties "contributed"...so stop trying to pick one or the other...it was bi-partisan...all were "on the take".)

I'm not for more government regulations...but what I am for is that those who make mistakes, make poor choices, make bad judgements...will reap / bare all of the losses, of their actions (and all those who "rode" with them...that includes mom-and-pop investors...and maybe next time, the "masses" will be more selective, and weigh "risk/reward" as it should be weighed...there will be pain...but it would lead to better actions by investors)...

The government has skewed the balance of the risk / reward equation...IT NEEDS BALANCE, TO WORK !

eyes opening, I'm sure they opened up enough to show that McCain also recieved a kick-back. His was smaller, not by much, but because he didn't make the top three, few people realize he was also involved. Do not take blogs as proof. Just read the reports, and background check the candidates. Obama has been forthcoming about his issues. And like Palin, McCain denies, and denies untill he is finialy caught. Then he flip-flops. I do not vote for Lobbiests, who focus on their own pockets.

-Would be great, but that would necessitate an investigation. I would suggest investigation be added with possible indictment conviction of abusers of system for greed. I am familar with the corporate greed and decision making through out all of our systems even in medicine. Bailout does need to be approved with oversight and rules of anyone who is paid out over this.
Posted by: Sharonklim | Sep 21, 2008 9:51:24 PM

Then you understand Take-overs. The same people lobbing for McCain are the same ones who benifited from his deregulations years ago. Follow up with which companies will gain the advantage of this crash. His Oil groups, taht can buy up other Energy companies with morgages. 48 of McCain oil rigs just sank, after Ike. His lobbiest will continue to press for a quick recovery, of their losses. McCains Tycoons have been lobbing against greener fuels for years. My job at the factory, relies on a newer energy source. But McCains Tycoons have, caused lay-offs. Our Union has argued agaist not Republicans, but McCain only. These last six years has hit us hard. The deruglations of oil companies have allowed them to choose how much money goes into their pockets. Our Govenors proposals have been marked off by McCain, and Obama has Voted for only once. We'll take Obamas plan to bring back our jobs, over McCains Tyoonism anytime. Unions have not benifited from any tax cuts for our company, yet. But we did benifit from personal tax cuts. We push for Obama, this year. McCains plan is a revised version of Bushes in 2000. With a little Reagans thrown in. Change for McCain is 'lets go back in time'. Sorry but, NO. Lets look to the future. Obama has our vote for '08.

"John McCain warned the nation of disaster in 2005.

Now the Democratic Freddy Mac/Fannie Mae economy is being bailed out by the feds by maybe as much as one trillion (1,000,000,000,000) dollars in IOU’s to back up failing banks."

"In his short time in Congress Senator Obama received more campaign contributions from Fanne Mae than 48 other currently serving Senators had received in their entire careers.

Obama is a charismatic crook in the best Chicago political tradition."

YES, HE IS!

A vote for charisma is a vote for chaos!

Hey, I have an idea. Give the Tycoon Big Corps a tax cut again, so they can hurry up and head overseas to start businesses. It remains a win-win for them, so they can take over, the other energy companies they do not own yet. McCain is a genius. His friends that make money off of this deregulated issue, will give him a big cut. Lobbiests do not represt all Republicans. Just the Far Right ones. Corupt politics favor McCain, and has for over 10 years. The companies he want to deregulate, where Housing, and Oil businesses. The same ones who lobby for him. Did Obama get money for Fannie Mae? Yep. And so did McCain. Although McCain did not invest as much mony, so his return was in the middle bracket, that never gets reported. But the paper trail still shows is return. Try to understand what a Take-over implies. An inside person(McCain) can manipulate deregulations, years before the failure. As his Tycoon lobbiest hoard money from oil, they can buy out the Energy companies that have morgages, after the failure. Follow the history and understand business. Tycoonism, is the next government for McCain.