House Drama Ends

Rose,

Do you have a job? Do you want to keep it or would you rather a pink slip for the holidays? Do you potentially need an auto loan in the next few years? Will you need to finance a kid's college education? Do you buy groceries from a store that stocks inventory?

A failing economy and a standstill of credit will cripple even those with little or negative net worth. If those close to retirement can no longer retire, they will keep working which means more people will be competing for fewer jobs.

You can hate the principle of the bailout, but as unpalatable as it is, something needs to be tried, and hopefully this really is our best solution. Time will tell. Looking back and finger pointing does not solve the problem or make it go away. Decisive, though painful action had to be taken and ALL Americans need to now push for the reforms that keep "greed" at all levels (wall street, lenders, individuals) in check from this day forward.

If Jane Harman voted for it, I am voting for somebody else in November.

I think Obama and Michelle would be no good for America. McCain would be better, but i would like to see Bush continue as president.

rose, you might want to study on the workings of our national economy

Sarah Palin knows the difference between a moose and a bailout!

The world is full of surprises.

For those of us who have little or even negative net worth, the bailout has little meaning. We live from pay check to pay check. The Democrats in Congress know this, but pushed through the bailout anyway. There will be no benefit to the poor or even the middle class. It just gives the wealthy a little time to move their assets to safer havens.

Sarah Palin say she reads the same news as everybody else. The hunting news, the fishing news , and the moose news.

The bailout was needed to escape a deep depression. The Bush administration did a poor job explaining what a depression means for Joe Sixpack...

Some say another drama ended well, with a "solid" performance. But here is the heart and soul of contemporary conservatism in America:

“Ultimately, what the bailout does is help those who are concerned about the healthcare reform that is needed to help shore up our economy. Um, helping, oh — it’s got to be all about job creation too. Shoring up our economy, and putting it back on the right track. So healthcare reform and reducing taxes and reining in spending has got to accompany tax reductions, and tax relief for Americans, and trade, we’ve got to see trade as opportunity, not as a competitive, um, scary thing, but 1 in 5 jobs being created in the trade sector today. We’ve got to look at that as more opportunity. All of those things under the umbrella of job creation. This bailout is a part of that.”

Sarah Palin is a black dress full of BS.

And may I add...

1 - The moment the bill was passed, the stock market dropped hundreds of points. The charade was over.

2- Both presidential candidates supported the Porkout bill. While I prefer one candidate over the other, I have lost respect for both.

Whether you are for Obama or McCain, visit the House website (house.gov) and look over this "bailout" bill.

You will see that Title I talks about purchasing bad assets.

The remaining 400 pages of the bill are loaded with Pure Pork. This bill has NOTHING to do with bailing out the economy. This bill is a gang-rape of the American public, enacted by wild dogs of both parties who have lied to us through their teeth about the purpose of the bill.

Today's rape of America by our Congress transcends our political affiliations. History was made today with 70% of congress voting to approve a bill that was opposed by 80% of Americans.

And don't forget to tune in next week for yet another gut-wrenching episode of "As the Economy Sours, the Stomach Turns" (with profound apologies to Carol Burnett).

As far as the the financial mess we are in there is enough blame to go around.There was plenty of looking the other way even when it became evident that our economy was failing.When you have stores as early as last year closing, then people started losing their homes jobs,and now record unemployment these are signs that the average American could see.It is time that all step up to the plate and take responsibility for their actions.There needs to be more accountability transparency and not as much freedom for anyone responsible for managing our finances.That means an real and true oversight panel.While we look back it should only be to see what was done wrong which was plenty to make good of the promises and move forward stop the free for all.We are giving 192,000 for rum that should have been used for something that does not cause another illness to try and cure what sense does it make to go after tobacco and give to liquor it is mind boggling where the values are with some that pass these bills.Hopefully one day they will realize that this is what our children and grandchildren will be paying for and stop the nonsense.

"Joe Biden called John McCain a good man many times last night because of his guilty consciensce about lying "

Joe Biden said John McCain was dead wrong on the issues...

Many home loans were made at reasonable rates to the poor against the equity in their primary residence. These were not bad people and may warrant assistance. Others, trying to get rich quick, thought to use OPM, as the gurus call it, to make their fortune in real estate. These people are less deserving, but their ignorance doesn't rise to the level of criminal misconduct. Fraudulent loans made to unqualified applicants are criminal and there will be a paper trail back to their originators. The CJS is going to be very busy.

"Barack Obama said today that "the French have better work ethics than we do."

I figure if he can lie about what John McCain said about our fundamentals, we should be able to say he said anything we want to say he said."

Lies, lies, lies... Obama never said these nonsense.

Deregulation caused the problems...
Wallstreet came up with new financial constructs (what they self call "innovative") to make more money.
Easy money is being made. As every hype, it's a bubble waiting to bust.

Read some books on this matter, I did and it's quite shocking how the system worked.

Joe Biden called John McCain a good man many times last night because of his guilty consciensce about lying

Please note that Obama, Biden, McCain and Clinton ALL VOTED FOR this same bailout bill.

Barack Obama said today that "the French have better work ethics than we do."

I figure if he can lie about what John McCain said about our fundamentals, we should be able to say he said anything we want to say he said.