Although I would love to say that the blame should be put on Bush, the reality is that the blame needs to spread all around, and mostly it is because of greed. Major investors looking to make more money, loan officers putting people into very risky loans, and charging them the most amount allowed by law for them, speculators looking to make a quick buck on real estate, and the banks who lowered their standards to make more loans.
I have been a mortgage loan officer for 10 years, and have seen the decline in standards that have precipitated the current problems, and although there are many others, this is clearly what is at the root of it.

It scares me to think people are this stupid to blame the Republicans for this mess, I guess if you dont educate yourself on the facts you cast blame in the wrong place.

The NY Times today says,

"Aides to Mr. Obama said he had NOT directly reached out to try to sway any House Democrats who opposed the measure."

Nearly every single member of the Congressional Black Caucus voted AGAINST the bailout!

Good Job rounding up those votes, Obama!

This is what to expect from an Obama administration: Expend no effort, make no sacrifices. Then dish out blame.

Will the bailout even remain a bailout after whatever talks to retool the bill to appease House Republicans? It will probably end up as a worthless waste of time...

http://www.political-buzz.com/

Stop playing the blame game, it is counterproductive. This was the entire reason that McCain should have stayed away from this during an election. No matter the outcome it will be highly politicized and contribute to partisanship and both sides have made it worse.

The mortgages that are still going through foreclosure need to be addressed. There should be a freeze on these, or at least an emergency renegotiation of the rates to prevent as many foreclosures as possible. Work with homeowners to pay what they can afford. This does not let homeowners who purchased bad loans off the hook and does not reward bad loan practices by bailing them out free of obligation. In the meantime it gives time for these loans to regain their value without costing taxpayers. Unfortunately this will only work if implemented soon.

obama mails it in

obama didnt suspend his campaign and say he was flying in to save the day and going ot get votes to save the bill

because the dems had all the votes they needed

the guy who did suspend his campaign and did take credit for the passing of hte bill evne though it failed a few hours after he released his statement

was john mccain

he wasnt going to campaign until we had a deal, he wasnt going to debate until we had a deal... i mean he was putting his country first

if it made him loose hte election he was going to get this done no matter what...

and he didnt, and still hasnt

will he suspsend his campaign again?

and hte black caucus didnt vote for it not only becaues they didnt need to, but they really wanted bankruptcy protection in the bill

but obama said it wouldnt work to put it on the bill because even more republicans woudlnt vote for it if that were the case

so they will be working on another bill after this one to help add some more tools to the tool box

I think some people should lay off fox news they are lying and twisting peoples mind!

Yesterday, Barack Obama blew up the bailout meeting at the White House, causing members of Congress to leave in a shouting match without a deal in what amounted to a political ambush of John McCain and Republicans.
Of course, Democrats are blaming everything on McCain and House Republicans, but the truth is Obama ruined the meeting.
Now, the truth is coming out about the Bogus Bailout. More than 100 economists signed a letter to Congress opposing the Bogus Bailout. And new reports indicate that Democrats are trying to add tens of billions in pork for pet liberal projects to the bailout.

Let see, Nancy Pelosi blames everything on the Republicans. I guess the last two years of fiscal spending which should be blames on the Republicans even thou the Dem's have control of the Senate that add all the pork spending in their district. During the Clinton Admin. the Dem's deregulated the bankning industry. I am sick and tired of the blame game just to get a candiate elected. My parents are in their mid 70's and have 400,000 in a savings account. They stand to lose 300,000 due to the greed in Washington & Wall Street & Financial Institutions CEO's that got greedy. That is their life savings. It is NOT their fault along with many other responsible Americans that did not over spend or extend their credit and put the ecomony in the present state. They will never ever see the return on their money that the current bail out plan contains. Let the economy correct it self and everyone suck it up and due without.

LAY OFF FOX NEWS THEIR LYING AND TWISTING TRYING TO SAVE MCCAIN THEY ARE NOT BEING HONEST WITH YOU JUST LIKE MCCAIN IS NOT BEING HONEST WITH YOU!!! PEOPLE WAKE UP!

"Nearly every single member of the Congressional Black Caucus voted AGAINST the bailout!
Good Job rounding up those votes, Obama!"

NEWS FLASH!!!
McCain got less than 1/3 of his white caucus to vote-didn't he fail to deliver?

DON'T PLAY THE RACE CARD.
Obama & McCain are running for president of all the people

The defeat of the bailout was a big surprise to editorial prostitute, George S. because they figured, like themselves, the political prostitutes in Congress would follow their corporate bosses and the international bankers that control them. While the outpouring of rage from Americans overwhelmed their representatives offices,(rumored to be 94% against this Wall Street Bailout)the vote was still close. The shell game was that the previous week a trillion dollar defense bill was passed.

Get ready for hyperinflation and the demise of the Federal Reserve Note (aka US Dollar).

George, I always have such respect for nonpartisan views and delivery. PLEASE..... check out the flood of communications into Congress from average Americans who don't want to bail out the great casino on Wall Street. A trillion dollars should be spent at levels closer to those who will hurt the most. Wall Street Tycoons need to figure out how to heal themselves.

What really happens with out this bail out package from the government? The rich don't get richer that is for sure. People begin to live within their means and realize that what they do have is what they were meant to have and quit living outside of their means. Even if the package were to be approved - who are we fooling. There never has been a "Trickle Down" affect. The only way money rolls is up hill into the pockets of those who already have enough and only want more. Let us learn to live with what we have, and not put more into the pocket's of the GREEDY. I say HECK NO to any buy out. Put the people back in their homes if the homes are still empty - that would be money well spent. Help those that really need the helping hand up - not those that are already up. Putting people back into their homes is what is going to restore the economy and give folks a real boost to do what is right in straightening out our own economy. Let a few banks fail and a few well to do's do without. Put the money in the homes of those that worked hard for the American Dream. Give them a HAND UP and not a HAND OUT!

Stop watching FOX news? You think there biased watch one of the other news ch. Here's a letter I sent to CNN.

I happened to scan the news channels when I came to Headline News and a Spanish looking man was talking about Gov. Palin. He seemed to continuously question Gov. Palins ability and experience to lead this country and made it sound like she was totally lost. I didn’t hear him say anything about the inexperience or incompetence that Obama has. He was quite obviously very biased in his attack on Palin to continuously attack her when she has far more experience than Obama has. He seems to think people are stupid and are not taking this vote serious. I think this news guy is the one that's lost. He must be if he thinks running a state government doesn’t take experience and shows competence. Why would anybody vote for an Arabic Muslim person? I take this vote dead serious. It’s no wonder only about 20% watch your news channel. How biased can you get? I’m not watching it.

The NY Times also said,

"Mr. Obama had said he was inclined to support the bill that failed Monday. But it remains an open question how much political capital he will seek to expend, or how invested he wants to become, in helping Democratic leaders win passage of a bill."

Now there's Decisive leadership.

Has anyone considered that maybe the home "owners" who foolishly took out mortgages that they had no hope of ever paying off might also share some blame? The people going into foreclosure should have thought it through before taking on these mortgages in the first place. The bankers would not have been able to over value these subprime loans if no one was doumb enough to take one out in the first place.

Nancy Pelosis speech had nothing to do with house republicans shunning a deal littered with goodies for left wing radical organizations. Having said that, her shrill, hysterical rambling was completely out of line.

Socialist Bailout Plan Attacks United States Constitution

The preamble of the United States Constitution: "We the people of the United States, in order to form a more perfect union, establish justice, insure domestic tranquility, provide for the common defense, promote the general welfare, and secure the blessings of liberty to ourselves and our posterity, do ordain and establish this Constitution for the United States of America."

Section I of the bailout bill: "Emergency Economic Stabilization Act of 2008, Section 2, Purposes: Provides authority to the Treasury Secretary to restore liquidity and stability to the US financial system and to ensure the economic well-being of Americans."

The Constitution promotes the general welfare of Americans. The bailout bill ensures economic well-being of Americans. There is an enormous difference. Our founding fathers never intended for government to guarantee or "ensure" anything. There is nothing in the Constitution about ensuring general welfare, only promoting it. The crisis is this bill bestows ultimate power to the Treasury Secretary to do whatever he wants to do to "ensure economic well-being." That is limitless power in the hands of one individual. That's socialism.

Keep in mind that anytime the government guarantees something, hold onto your wallets.

The political hacks created this "Crisis." Creating a "crisis" is the easiest way to manage the behavior of a frightened citizenry.

The buzzword during this election has been "change." This is terrorizing "change" like we've never seen.

Dorunda.com

Pelosi intentionally tanks economy, helps Barack.