Glad the Wall Street Rescue Plan Failed?

Why did they add $25B for automakers and billions for off shoree drilling? These costs have nothing to do with a financial bail out...sounds like they are trying to scare us again....the automakers have known for years they must make cars with lowers emissions, now they want the taxpayers to pay for their retolling.

The oil companies are making record profits...let them pony up the money for off shore drilling....

I'm not so sure the Texas woman is correct, they didn't get themselves into this by themselves. You can blame mortgage borrowers, who borrowed over their head, you can blame government for forcing them to make bad loans and you can blame good ole American greed.

ABC asks: "Glad the Wall Street Rescue Plan Failed?"

You bet!

As seniors who depend on income from our investments, my wife and I are REALLY looking forward to losing our house! What FUN it will be living in our 29-foot RV!

Oh, wait... that can't happen if I'm in prison for burning down the house the day before the repo guys show up.

Darn!

I agree with the old adage...you made your bed, now sleep in it. We, the taxpayers, had nothing to do with the greed and manipulation that has led us here. If our politicians are pushing the idea of helping main street, divide that 700B and start paying us. We will get ourselves out of debt, and stimulate this economy with our buying power.

I believe most Americans are trying to tell our elected officials that we know something must be done about the economy. We really do understand, for the most part, what's happening. However, most working Americans don't want the economy we had a few weeks ago, and we believe the "bailout" will give that back to us. We cannot make ends meet anymore. That was happening a few weeks ago, and a few months ago...not just since this "crisis" came up.
I work for a small nonprofit organization and make a little over $40,000/yr. I'm single, and should be able to live well on my salary. But, I just had to sell my 1700 sq ft townhome with garage for $115,000 and buy a small house in the county for $94,000 so that I can afford health insurance. Folks, there's something wrong here. That health insurance costs approx. $400/month and has a $5,000 deductible. Essentially, I'm only insuring myself against catastrophe.
Now, tell me why would I, or any other American who we all know is going through their own version of the same story, would want the "old" economy not to grind to a halt?

people ith 29-foot RVs may need to reconsider their priorities or 'rights' to money earned in investments that were made with a high risk, such is the deal when you buy stocks, its calld a RISK... the upper middle class and rich will benefit, the workers shouldnt have to bail them out while they tour around the country in their big RVS sucking up gas, maybe they should go back to work

Why did they add $25B for automakers and billions for off shoree drilling?

That was part of a spending bill that Congress did pass, I believe. It wasn't part of the bailout bill.

I'm amazed at how many people misunderstand the problem. This isn't about givings millions to fat cats, it's about freeing up credit to small businesses across the country. Business must have credit to do business. Small manufacturers can't make their payroll without it. You think it's a big deal for major banks to fail, wait till the corner stores start failing by the thousand. Be angry, but don't be stupid, we need the bailout or something like it to get credit flowing again. Yesterday I lost 10% of my life savings, I've lost 50% since this started. There are thousands of ME out there, do you want us all homeless?

probably the worst thing bush could have done was to promote this bailout himself... there is probably no less authentic or trusted government official to present this to the american people (well, besides cheney... who, by the way, has become completely invisible!... why isn't he out campaigning for his buddy mccain?)... anyway, the end is near for capitalism, but this isn't a bad thing

put the money directly into the businesses who need it... not into the hands of the banks, who are corrupt

Americans might support this bail out if it had something for us in it. How about a flat rate on credit cards...freeze on foreclosures and an avenue to redo adjustable loans.

The bill is too politically touchy to vote on. I say wait until after the election to pass a bill. We'll know then if the economy is really in a depression or recession.

Evelyn: they bailed out the car makers last week with a 25 billion dollar bill. It was not in the news much. It is not written in this bill, from my understanding they have their own bill.

I think Government should figure out the way to ensure that the 50%-60% of everyones 401K is secure and then put rest in Bailout. The 401K should not be made colateral for the credit cards.

It's too bad people on these forums can't see beyond their own "party line" stances and stop the insults and name-calling.

I don't agree with everything Sarah Palin says and does (or McCain either, for that matter), and I'm quickly becoming concerned about Barack Obama. I was a Hillary Clinton supporter who endured being called a racist because I refused to support Obama, and I hesitantly backed him after her withdrawal from the race. Never in all that time did I call Obama or any other candidate a name, used his middle name as a weapon or any of that, even when being slammed by his supporters during the primaries. How many of you can say the same?

While Democrats point at Bush and the Republicans and blame everything on them (and Republicans, as well), maybe a look at a fact - the approval ratings of these politicians - is in order. Bush - Approve-30.4%; Disapprove-65.8%; Congress - Approve-17.8%; Disapprove-73.8%. It is clear while Bush's ratings are in the toilet, Congress' ratings have already been flushed. That includes the majority Democratic Congress.

ENOUGH of the blame game - from both sides. I am sick of being part of a system that elects self-serving politicians who don't care about our country or us and who put their party ahead of what's best for the United States of America. That extends down to the supporters - and this is in both parties, as well - who can't for one minute stop calling people names, saying candidates are "stupid," taking their names and putting insulting twists on them (McSame, McInsane, etc.). Can you people really not see how hateful and spiteful you sound? I really wonder how we appear to the international community.

People who act in this way have taken our Constitution and jumped up and down on it - so much for "free speech," huh? I will say one thing - Obama, from the start, said he was different, that he represented change. I was willing to take that on face value. However, the events of the last several days make me have to ask: Is this the change he was talking about? If so, we are really, really in trouble, and that's why I've become an Independent because I really don't want to be associated with ANYONE who acts as many of these politicians and many of you bloggers have acted.

I am also glad the bailout didn't pass, but because what we really need is an insurance plan like the FDIC for the bankers. This would not cost as much as $700 million and would make them be accountable.
We do need to get this done NOW. Hopefully they will al stop acting liek babies and vote for us.
Blaming Pelousie was very childish. If they didn't like bill just say so...

Enough....I guess you REALLY liked the way McCain acted then.....used it for political gain. By leaving his campaign and going to DC he just put more of a lfy in the soup.PLEASE....
Look who got egg on his face.

How about a dose of something that has never failed to immediately infuse the markets? CUT TAXES! Cut cap gain, cut corp taxes, cut individ taxes - we are way overtaxed; and lowering taxes has ALWAYS increased private capital infusion to the market!

TJ...Obama stayed out until Bush requested he be there. Obama was there for the vote, but wanted to keep politics out of the vote.

They both lost, MCCain voted for it and looked like a fool for taking credit for it, and Obama should never have rushed in at Bushed request...

Bottom line... people need to learn to live within their means... if it takes a recession to bring that point home than so be it... as a man who works 2 jobs to support my 4 kids... my mortgage is paid and my bills are paid every month... if you can afford a house than you should have to work for it... enough already with giving people who are irresponsible credit... take the fall