Newt Gingrich on Bail Out: "A Very, Very Bad Idea"

There is no quesiton in my mind that the GOP got us into this, and I do not trust the GOp to get us out of it. They were asleep at the switch on 9/11; asleep at the switch when Katrina came to the door; and alseep at the switch in this case. Why O why owudl a just God allow us to have these trials????? "we have turned away from God, O Israel, and God will not smile upon us until we elect a Democrat!

Bush and Goldman Sachs and Hank Paulson and Christopher Cox are all crooks. They stole from us and now they want to steal again. Goldman became a bank today -- placing itself in a good position to buy back all the "assets" they write down. What a crock!

I lost almost all of my retirement investments and I don't see why Wall Street should be bailed out while I've got to "pull myself up by the bootstrap". Let the market crash! Let the fat-cats create a voluntary pool using all the money they made off of us. I'm sure they can dig up 700B if they really wanted to. Besides, economic crash won't be so bad. It cannot be worst than it is now!

Maybe then they would send all the H1Bs home and we can get back to filling jobs with Americans. I bet sending all the H1Bs back home would have an immediate and tremendous effect on the economy.

Here's what Greider writes in The Nation:

"If Wall Street gets away with this, it will represent an historic swindle of the American public--all sugar for the villains, lasting pain and damage for the victims. My advice to Washington politicians: Stop, take a deep breath and examine what you are being told to do by so-called "responsible opinion." If this deal succeeds, I predict it will become a transforming event in American politics--exposing the deep deformities in our democracy and launching a tidal wave of righteous anger and popular rebellion."

Why should we take the fall for the banks writing down $595,000 on a property when Goldman can then by a $600K property for $5.00? This makes no sense.

If the Wall Street gang loses their jobs, so be it. Welcome to America where NOBODY is "entitled" to a job (except H1B recipients). Just ask any unemployed person turned down by the unemployment offices around the nation. Just ask any person that lost their job to outsourcing and insourcing who is now sleeping in their car.

Obama/Biden 08!

It is truly time to retire the Mafia a/k/a republican administration!

Obama/Biden 08!

jeff in case you do not realize this. all the finance committees are chaired by democrats. the committee on banking and investment etc...all chaired by democrats.
and we have had a do nothing democratice congress/senate in lockstep with gwb for the past 2 years.

deregulation started way back with carter then tweaked by clinton and now gwb.
both parties are equally useless.
undecided purple person

obama supports this bailout. mccain opposes it at great political risk by going against his own party to sound the alarm that this plan is flawed.

seth you are spot on-this also reminds me of the rush to sign on to the invasion if iraq.

the irony here is that obama supporters are supporting a republican president bailout plan you go figure.........

Hey, it's time to tie Obama to Bush.

Obama is Bush 3rd term. He is strongly supporting gov. bail out.

Obama=Bush! Newt is right..let the free markets work.....let the economy go into a recession. Recessions fix free markets! I'm not for socialism!!!

Again Congress debates a bridge to nowhere with the Bailout legislation.