Key House GOP Opponent of Bailout Bill Changes Tune: "It Sucks" But New Version Must Pass, He Argues

di then i say let the democrats sign the bill-they have the votes they have all along.

Throw them out!

I agree.
Regardless of party we need to throw out:

Everybody who voted for the War in Iraq.
Evrybody who voted for the war then voted not to fund the troops, and try them for treason or at least stupidity.
I mean thats insane no matter which side your on.

Everybody who wanted to surrender. Surrender is not an option.

Everybody who said we won the war.
Everybody who said we lost the war.

Everybody who who said fannie mae and freddie mac were not in trouble even though there was irrifutible evidence to the contrary.

Everybody who voted against reforms to fix freddie and fannie.

Everybody who voted to deregulate the banking industry.

And for good measure"

Anybody whoi has been in washington more than 12 years: That should be the limit because they all succomb to special interest in one way or another over time.

ANybody who misses more than 10% of votes in any 12 month period.

ANybody who voted for the bridge to nowhere.
.

I love everyone on here saying the "democrats are counting on"

it was a republican bill people

to address the damage that they have been fighting for the last 2 years from no oversight.

you know the damage just like the freakin war that was done with such gusto for 6 YEARS while the republicans controlled everything and called people unpatriotic if they didn't vote for what they were hawking

throw these bums out now!

I read the whole thing and it really does " stink. " Right off the top I would drop Sec 2,part (2),(A), I would drop " urban affairs " from Sec 3. Under Sec 107, Contracting Procedures I would drop (b). This section seems to assure that the " fox will be in charge of the chicken koop."
But asside from this nothing has been done to abolish those institutions and practices, institutions and practices mandated by Congress and the Senate under several administrations which caused this problem. And until that is done the problem will either get worse or it will repeat itself at a later date. We need to abolish Fannie Mae and Freddie Mac, the FHA and Hud and to resolve to end this type of madness once and for all.
If we have a depression, so be it. We and the world will emerge stronger in five or ten years. In the meantime we will have rooted out all the socialists.

I wonder what it would be like to live in a free country. Putin would be proud of Congress and his little buddy Bush.

Ex Republican

Hank, you asked: "How could a bill suck that is able 'to preserve the free market system'?"

A good analogy would be having a life threatening disease and the only option is to have both legs amputated. It would "suck" to have both legs amputated. But the alternative "sucks" even more!

GarandFan,

If you want us to go back and look at Barney Frank, please go back far enough to see that he was one of the few who initially voted against deregulating banks, and print that also.

Let's stop making this a party issue, and not realize that it's a bipartisan problem. Both Dems & Reps have let us down. A GOP congress passed legislation which Clinton signed into office deregulating the banks.

Greed is the order of the day. But please by all means lets not stop there.

How many Americans jumped on the free money bandwagon? Those very people who now want relief, and feign ignorance of the rules of the market and/or what they were signing.

I knew I could not afford the outrageous house prices, and chose to stay out of the market until it collapsed. I knew this because I have common sense. The salaries paid in this country could not substantiate the increasing cost of housing. Every maket fluctuates, they go both up and down...

We as a country have to look at ourselves, our values, and what we stand for. Our parents worked hard and saved. We now want everything, we have to compete with the Joneses. Our children should not have to do a job beneath them - so instead we create a whole other issue by allowing illegal immigrants to come in as cheap labor.

I've actually had someone here illegally ask me if they didn't do the job who would?

My parents taught me hard work, saving, patience,and a whole number of principles that we as a nation have tossed out of the window, was necessary to succeed.

The way I remember it, we babysat, cut grass, picked our own food, cleaned our own toilets, and in general didn't think that we were too good for a hard days work.

We got the bailout, even though we needed the beating from the market. This should have been our penance.

What we need to do as a nation is change our government, so that it is not so corrupted, and change our values, so that we aren't too.

So before we point fingers, perhaps we should look in the mirror first.

Posted by: GarandFan:
"How did it come to pass that we've got the dumbest and most corrupt people in America in Washington"

"...maybe it's because you neo-cons keep electing the worst, most corrupt, incompetent people that you can find."

Odd, never knew that Barney Frank, Chris Dodd, Nancy Pelsoi, Harry Reid, Janet Reno, Jimmah Carter, etc....were REPUBLICANS.

Go look at the video of Frank saying Fannie and Freddie were sound and needed no added oversight. Then come back.

- Barack Obama - First Presidential Debate, September 26, 2008

“I think Senator McCain’s absolutely right that we need more responsibility…”
“Senator McCain is absolutely right that the earmarks process has been abused…”
“He’s also right that oftentimes lobbyists and special interests are the ones that are introducing these…requests…”
“John mentioned the fact that business taxes on paper are high in this country, and he’s absolutely right…”
“John is right we have to make cuts…”
“Senator McCain is absolutely right that the violence has been reduced as a consequence of the extraordinary sacrifice of our troops and our military families…”
“John — you’re absolutely right that presidents have to be prudent in what they say…”
“Senator McCain is absolutely right, we cannot tolerate a nuclear Iran…”

"Hey Ryan C, the dems have the majority in BOTH the hose and senate"

For the last year and a half.

Before that GOP controlled the House for 12 years and the Senate for 10 1/2 years (non consecutive)

Do you think this crisis just happened or do you just repeat what Rush tells you?

Hey Ryan C, the dems have the majority in BOTH the hose and senate. They dont need any republican votes. I didn't say they had the majority on brains, combined IQ, as ther Energy Policy and Welfare, uh, I mean financial aid, SubPRime loan history proves. Just the majority in votes.

"How did it come to pass that we've got the dumbest and most corrupt people in America in Washington"

"...maybe it's because you neo-cons keep electing the worst, most corrupt, incompetent people that you can find."

Odd, never knew that Barney Frank, Chris Dodd, Nancy Pelsoi, Harry Reid, Janet Reno, Jimmah Carter, etc....were REPUBLICANS.

Go look at the video of Frank saying Fannie and Freddie were sound and needed no added oversight. Then come back.

"Who holds the power in washington? Not Bush. Everybody knows it the Majority in congress."

So its the Republicans in Congress like John McCain who are responsible for this mess?

I think you're being easy on the President there

"I don't see anything in there specifically relating to ACORN."

There was never anything about ACORN in any of the bills.

What the Dems wanted to do was take a portion of the profits and put them in the National Housing Fund Trust.

ACORN would be able to apply for grants from that fund like any other non profit.

Who holds the power in washington? Not Bush. Everybody knows it the Majority in congress. Who is that? Pelosi and Reids Dems. Now, I watched them both villainize McCain the other day for trainwrecking the so called "deal" they had before he came to town, at Reids request which was on national TV. Now I See Pelosi on TV saying this is a better bill than" Than the other one" yuo know, the one McCain supposedly wrecked. So SHe basically just gave McCain credit for stopping a $hitty bill just a few days ago, and now we have a better one. Well gee, I guess we really dont need all those republican votes to pass it now do we Nancy? Seems the dems like it so much, and they have the majority, and this is a "republican problem" instead of an American problem, they should all vote for it, fix it, and take all the credit, and hand it to Barack, who was on tv today explaining how he "shaped" the new provisions, on a silver platter. ACORN is out of it and that was a DEM tradition of adding pork that everybody is sick of. WHy do they never get called out by the likes of NBC,CNN MSNBC on these rediculous add ons?

Thanks to the GOP Acorn was taken out.

JR, you need to look at some video. The Dems did this and protected it from being fixed so former Clinton administration folks could go in there and make many millions. Why in the world was Jamie Gerelac (sic), an Assistant Attorney General working at Fannie Mae? Get a grip.

I just got through quickly looking over the bill.

I don't see anything in there specifically relating to ACORN.

However, it does appear that there is a provision in this bill that provides a maximum cap on this bail-out for 11 TRILLION DOLLARS.

I guess they only get 250 billion or something to start, but if I'm not mistaken these turkeys can eventually go up to 11 trillion dollars if it keeps getting approved.

Guess what....if the Dems continue to control Congress, and dirtbag Obama gets elected, it looks like their fun will just go on an on at the taxpayers' expense.

Did anyone else see this provision in the bill and come away with the same conclusion??

Botox Nancy Pelosi made her gratuitous comments in addressing the public once again. Each side is trying to place blame on the other while the economy goes into free fall. Meanwhile video evidence of the DEMS lack of judgment about Fannie Mae and Freddie Mac are all over U tube and surfacing to the public eye. And these same stooges will continue to be reelected by their home districts again and again.

If this were a private business most of them would be escorted to their cars by Security. That’s what they did where I used to to work. Embarassing but worth it. Not these jokers. Most will be sworn back in come January for another go at the public trough and trust. Unbelievable!

I have fears the bailout will do absolutely nothing in the slightest.It will appear to work for a month then we will be right back where we started.

Democrats are counting on favorable votes from Republicans who are retiring. This will give the impression the bailout has bipartisan support. At one time these were probably men of honor. It will be interesting to see if these old guys still have any integrity after years in Congress.