Open Thread on House Vote * Obama Is KneeEyeball-Deep in This Housing Crisis

obama and media will do their best to spin this against the GOP… and going by the past history, the falsehoods and lies will be believed…

too many hopuseholds are held captive by propoganda and censorship of the tv. They beleive it they see it on “the news”, then it must be true!

more dems going for it than repubs

pardon my typos….

I feel like my dog just got hit by a car and I am waiting for the vet to come out and tell me if the dog is dead or if I am going to have to take out a home loan to pay for the surgery. You know. That mutt just wandered into my yard and the kids started feeding it. I’m not sure at what point it became my dog.

There are evil viruses in our keyboards.

http://www.youtube.com/watch?v=-GCNfc4tsug

I think the whole thing is so convoluted and confusing that many folks just have NO idea what or who to blame… I often wonder too if alot of this coming out now isnt part of a campaign ploy…

boy do you have that right…I fell for it for more years than I care to admit.

Here is a piece to read about CBS interview.

CBS News Erases Moderate Quotes from Palin Transcript

Here are the missing pieces of the transcript:

(2:58) Couric: What, specifically, in your view, could be done to convince the new government in Pakistan to take a harder, tougher line against terrorists in that country?

Palin: At a time when new leadership comes in, that is the opportunity to forge better, tighter, more productive relationships and that’s what we’ll take advantage of with new leadership in the US and in Pakistan. And I’m sure that President Zardari, too, will agree with us as we commit to the support that Pakistan needs, that other nations in the region need, in order to win this war on terrorism. (3:32)

(5:39) Couric: But what lessons do you think you have learned as you’ve watched this unfold in terms of implementing the democracy and the challenges inherent in that goal?

Palin: Well, one is that America cannot be counted on to do this solely, to be the savior of every other nation, but we need friends and we need allies and we need this nation-building effort and we need to forge new alliances, and that is what a new election will provide opportunity to do.

Couric: What happened if the goal of democracy, Governor Palin, doesn’t produce the desired outcome, for example in Gaza, the US pushed hard for elections and Hamas won.

Palin: Especially in that region, though, we have got to protect those and support those who do seek democracy and do seek protections for the people who live there. And you know, we’re seeing today, in the last couple of days here in New York, a speaker, a President of Iran, Ahmadinejad, who would come on our soil and express such disdain for one of our closest allies and friends—Israel—and we’re hearing the evil that he speaks. And if hearing him doesn’t allow Americans to commit more solidly to protecting the friends and allies that we need, expecially there in the Mideast, then nothing will.

If Americans are not waking up to understand what it is that he represents, then nothing is going to wake us up and we will be lulled into some kind of false sense of security that perhaps Americans were a part of before 9/11.(7:25)

[video at link]

So, let me get this straight. The majority of low income people are minorities. They are the ones that got bad loans. Obama helped them get into this mess. And 95% of them are voting for Obama. Hmmm…

The rest of us are just going to have to make sure we do all we can to get McCain into office because these people obviously don’t know any better. Talk about being bamboozled and hoodwinked!

The Democratic party was founded on the principles of helping low income people to rise above that status. But it was based on work, education and responsibility. The Dem party no longer works on those principles. Their tactics enable poor people to stay poor and perhaps that is how they want it. People who are oppressed tend to be a little more desperate to believe anything they hear.

Obama should be utterly ashamed of himself but we all know he isn’t. He has been hanging around unsavory people his entire life. So he will just learn the good old fashioned American way when he gets taken to the woodshed starting…..ummm, that would be today!

The Dems are trying to cover this up. The House does not need to pass this bill at all.

PUMA 2008!

The race resets Oct. 1st.
I predict they start getting real tough on bam-bam.
The thing is, they want them with a false sense of confidence, kind of like after the convention. You cannot release the missiles to early or he has a shot at recovering. Like Rev. Wright. That is but an afterthought to some.(he will play a starring role in upcoming ads).
Sarah Palin will be unleashed after the debate on thursday I predict and she will take the spotlight completely away.
They want to be sure she is ready for the debate, afterwards they will let her loose and let sarah be sarah.
They have a plan. They will lambaste him so hard Obama will not be able to get up in time. There is still a huge amount of undecided voters. Those voters will break McCain just like they ALWAYS broke for clinton.

You guys lose faith to quick. If you learned anything from the primary is thould be to turn off the news and man the phones. Forget about the pundits. If we want Obama to lose it is our duty as a democratic nation to ensure his defeat by hard work and getting the truth out.
I suggest we start linking anti-obama sites at all of the popular political sites and start e-mailing your list of friends with the real deal on this clown. Also, get your boots on the ground and get out the vote.
Anyone voting for a third party should seriously rethink that. For one they 3rd party candidates will lose. We need to get McCain every vote we can get or obama will win.

I know one thing, on the 5th if the unthinkable happens i will be at my local gunshop purchasing a nice Semi-auto and alot of ammo.
But if we all work hard to defeat obama that will not be necessary, so lets get it done.

Do not worry about the polls because the media wants to depress the vote. But the one thing they are not taking into consideration is the enormous anger by the American people at the media and the Democrats September Surprise. Rush just said — he thinks that there will be a huge landslide for McCain because the people resent the socialist takeover by the Dems. He can’t wait until September 5th to watch the media flipping out — saying how did they get this so wrong.

If you have to wonder whether it’s a campaign ploy, it’s a campaign ploy. I disagree though, that people will be duped by the msm. There’s a lot of time between now and the election, we aren’t even a month out yet. Political scientists say that presidential elections with the fast news cycle are won and lost in the last two weeks, or even the last few days.

uhmm, I don’t get it. Why are these news people who are in the tank for Obama purposely asking Governor Sarah Palin difficult questions that highlight her high intelligence while they ask dumb down questions to Obama to highlight that is all he is capable of answering? haha, They are like mutants, devouring themselves.

Good- article- it is too bad that most americans are told that it is the Bush adminstration that sold them the bag of bad goods. I just wrote England- feel free to fill their email with letters: The article was pushed by the minions of Obama. I guess they are telling the English that they won already. My letter was brief and simple to them:

First, let me say with great respect that you need to change your comment:
__________________________________________
(Taking Colorado, as Mr Obama’s team are very confident of doing, would put him over the top. Even winning the smaller state of Nevada, with its five electoral votes, would be enough to guarantee a 269-269 tie with Mr McCain. If that happens, the US constitution would hand the decision over to the Democrat dominated US House of Representatives, which would presumably come down in Mr Obama’s favor. )
_____________________________________________________

As for the one sided story of the Presidential race, of course, Obama’s pundits will say anything to confuse England, the beautiful land that the Republicans love and the liberals wouldn’t care less about. I am not republican, but, a centrist- and I can tell you that the “grassroots of values” are very strong in America. And, they will never allow a socialist to take over our country. What you are receiving are the politics warfare misconstruing polls of the DEMON-crats that are determined to make our country be without G-d the Almighty and without values. The polls that are spread to your country concerning Obama is based on 800 to 2000 people on a daily base. These Gallup polls mostly are coming out of gallup.com, who strive in promoting Muslim books to the public. Both of the other pollster used in our country are also involved with owners that are from the middle eastern decent. American are aware of the importance of our Motherland England and how they see us, and if you keep reporting idiotic’s articles such as the one stated today without checking the facts, first, I say you too have given up your country to the vile liberals who are intended to make sure we forget who Yeshua was and died for. I would also like for you to be aware that in Nov 2004- the electro map favored Kerry over 12% with thousands of new voters and youth gathered to beat President Bush. I guess we all know who won? I voted for Kerry and didn’t realized the strength of our USA grassroots- don’t make the same mistake in your reporting. Be fair and balance. Amen. G-d bless the Queen and G-d bless America.

Anybody wants to contact this newspaper:
telegraphenquiries@telegraph.co.uk
Please show them the unity of the grassroots.

No, the people you are talking about have been living in homes way over their heads and paying mortgages (or not paying) that wouldn’t even cover rent. They made no down payments and even if they lose the home they just walk away. Note that these are the people the democrats want to further subsidize by keeping them in those homes.

thats wise, Paul. Make 100% sure that you do that. IF obama comes to power, all bets are off. IF that happens, be prepared for the worst, cos you never know what might happen. ofcourse, we believe it’ll be business as usual, but this guys thinking and methodology disturbs me. so IF the unthinkable happens, keep yourself armed and ready. better safe than sorry.

Bill fails in the house.

it didn’t go

do we cry now
DOW -519

I agree w your assessment. And I think once they start punching, they will be relentless.

I am doing my part by helping homebound voters fill out their absentee ballots. I am using the last of my vacation time for this year. I am also taking a vacation day for Nov. 4th to help. Everyone can do something like drop off some food at the campaign offices or give rides to the elderly.

It is that double standard, women have to be twice as competent, smart and accomplished to be equal to an average man.

Yeah, those liberals are pro-women alright.

I will never call myself a liberal again.

NOT GOING TO PASS THE HOUSE:

Looks like there are enough wise Democrats and Republicans who don’t buy into to this paranoia.

Right now it’s 206 yeas, 227 nays.

Democrats 141 yeas, to 94 nays

Republicans 65 yeas, 133 nays

They may not pass this thing.

Is that true? the bill failed????

and when she gives a good answer they don’t air it.

What do each of these three Palin answers have in common? They portray her as a foreign policy moderate who seeks multilateral coalitions with allies and who advocates for human rights, caring about better lives for Middle Easterners.

Interestingly, ABC News also edited out the same kind of moderate, multilateralist comment in order to more effectively promote the misinformation that Palin was advocating a new, warmongering approach to Russia.

Katie Couric clearly hasn’t learned much from the previous CBS News scandal, Rathergate.

Not all but alot of the people who got into these mortgages were low income, no credit/bad credit and even illegally living in the US.

Some are switching their votes, but it doesn’t look like it’s going to pass.

do we cry now
DOW -519

Amazingly it’s now down 400.

I disagree with some of ya;ll above… I think due to over saturation (if I can use that word), that many negative points about obama now pointed out will only be seen as smear and last ditch efforts. Alot of uundecided voters also never see the computer or blogs etc. Like it or not, the tv is probably THE highest, percentage wise, source of \information and that is what I personally find very dangerous.

http://michellemalkin.com/

I didn’t here what she said but Fox said that Pelosi came out and spoke and pissed people off before the vote…Video anyone?

As I watch those numbers are moving…now -391. I refuse to let the media and pols convince me the that the sky is falling. The day isn’t near over yet, we will see what happens next. I really think the way this was handled and presented to us is a big problem. Like a Fox commentator said, if a sales person says “you have to buy now, now, now!’-it’s a red flag.

Now 460, 480, 440, 450,….

Flush out the FRAUD.

I just heard that too. Her comments were too “politically charged” and it pissed some Republicans off.

She’s such a tool.

I agree…people don’t use computers only have alphabet soup for news.

dont have a link. but Sept. 29 (Fox) Pelosi’s Partisian Speech Prior to Vote On Bailout sends House Republican’s “Beserk” and Vote is Failing.

There’s also the Republicans’ proven history of lying about Democrats.

If you have any brains, you tend to ignore anything bad the Right says about the left, because the Right are proven liars. This hurts our cause, now that we’ve got a bad Democratic candidate.

NY Post: THE MELTDOWN’S ACORN

As Congress slogged toward an appar ent financial-market rescue bill over the weekend, the time arrived for a closer look at the roots of the crisis.

Who were the culprits?

Many and varied.

But as Election Day grows ever nearer, the role of one candidate in particular stands out: that of Barack Obama.

headline now
Breaking News >> Dow Falls More Than 675 Points as House Votes on $700B Financial Bailout Bill: Watch Live

LOL, that’s what I call Obullsh*t all the time. The dems are a deluxe set of tools.

Great minds? LOL

Actually, the majority of poor people in this country are white re. population demographics. -There are way more whites than nonwhites. Women alone with children as a result of choice, death, divorce often end up in poverty. The majority of women who have used programs that comprise “welfare” are white and they use them in the way intended. However, nonwhites receive the lion’s share of social benefits and a reverse discrimination has been going on for years. Can you imagine being a poor white family and complaining you have been barred from public housing? You got it. Race baiting has silenced many from speaking up. To what agency would they register their complaint ? What advocacy organization exists to help poor white people? All of you folks falling out of the white middle class need to listen up. This is a topic you haven’t had to think about. BTW whites were underrepresented in the group getting the sucker loans. I guess this one time it paid to be ignored.

s**t. this ia a disaster.

The market is trying to rally somewhat. It’s down 448 points right now.

need a link right now
dont make me come over there

Absolutely!

I am so mixed up about this bill…my insincts say no…but as usual the government will not tell you what you can expect to have happen now…..

the revolt is D’s and R’s… it’s too much socialism…our country think this is too much government intervention….

it is up and down so fast..100 jumps….it is a done deal…

It’s not a done deal yet. Pelosi needs 11 Democrats to change their vote. Arm twisting happening right now as I type.

went to CNBC -634.56

Well, they’ve consigned us to a Great Depression. The Democrats in the House killed the bill.

Thanks for the update

The Bill is Dead.

I agree with ford.. i dont know how i feel about this but it feels good that it’s dead.

On motion to suspend the rules and pass

it looks like most all going yea

WOW! It went down ….now we get to see more turmoil.

I am really pissed off @ the people I hold responsible…the Affirmative Action lending, the Freddie, Fannie creeps..

Barack Obama and his panted cronies, and the stupid Barney Frank, and Chris Dodd.

They will try again…we should all email our elected representatives, and let them know we want the REMOVAL OF FRANKS AND DODD.

BAILOUT FAILS!
HOT DAMN!!!
CAPITALISM LIVES!
SOCIALISM FAILS TO TAKE OVER!!

sorry but It has to be said. 700 billion in bad debt managed by the democrats and republicans and sold for a profit? Are you Nuts?

Not this Bailout! Not Now! No How!

Paul – You are so right. Timing is everything.

It’s really bouncing around: -574 at the moment. Cavuto says the market is “having a hissy fit”. Little less than 2 hours til it closes. It will be quite the ride.

I’m really getting pi**ed off. For once, why cant these stupid politicians work together, and come out with a solution? Why cant Pelosi keep her big mouth shut, instead of giving a partisan speech prior to the vote, which pi**ed off the repubs? all are idiots.

I just want to say, thank you barack obama for plastering all over the news that John McCain deserves no credit for this bailout and that all credit should go to you because it implemented all the things you proposed on day one!

THANK YOU BARRY!!!!!

BARNEY FRANK, DODD, MAXINE WATERS, PELOSI, REID all need to get arrested.

No. I am happy that the bill did not pass as written. We don’t need a bill to pass before 2 p.m. because of a Jewish holiday. Please. That’s not a good reason to have to pass this bill this way because of a Jewish holiday.

Now go back to the drawing board, and gives us a bill that allows housing prices to float freely while the financial markets are shored up and assisted in any way they need it. But the housing market needs to float freely. Period.

The government cannot purchase these mortgages for a profit, and second holding them until a profit, and simply stymieing the housing market against the middle class of this country. Who owns this country? The government thinks they own it.

It if loses, it gives McCain a better shot at stating HIS case and bringing down O’s Pelosi’s and Dean’s gangs. I hope it gives him more of a chance to publicize who is knee deep in this corruption.

I really wish people would stop blaming those ne’er do well folks for this entire mess. There have been ads everywhere..no credit, bad credit, little or no down payment. This was advertised and pushed. The people making the original loan knew most of these folks couldn’t pay. However, it wasn’t their problem since they just sold the loan to someone else for a nice profit. Why should they care that some poor slob was going to be homeless and someone else was going to be left holding the bill. They were laughing while putting money in their pockets calling everyone else “suckers”. Wasn’t it hurry up and buy a house now while the interest rates were low, terms were easy, because if you don’t buy now…you won’t ever be able to with how the prices were going up. This was the biggest pyramid scheme going.

If you look at the rate of foreclosures in this country..we must be full of ne’er do wells. Inflation, job loss, price of utilities, loss of benefits and hour reductions, medical bills are piling up on the average American. These were people who were paying their mortgage and the economy is catching up with them. Then we have the reservists who are loosing their homes while they are fighting overseas.

How did they come up with the 700billion???

I think there must be a pile of lies in the bill, because D’s and R’s voted this down…

the bill must be packed with unnecessary items to have gone down..Voting “no” on this had to be tough on the people who did it, and the rejection is bipartisan.

Being in a big hurry to handout $700 billion dollars just doesn’t smell right. It stinks.

Leisa, Obama and his crowd aren’t liberals and they don’t call themselves liberals. In fact they run like crazy from the word “liberal.”

They call themselves progressives, although I like Joe Cannon’s abbreviation better. He calls ‘em progs.

In any case, Obama is no real progressive, either, and he’s got a D after his name only because he’s a Chicago politician, and the Chicago Machine is (nominally) Democrat.

Obama is in fact leaning more and more Neocon, and is backed by the same Wall Street/Big Oil boys and MSM that stole the 2000 election for Obama’s twin-by-different-parents GeeDubya Bush.

unless you have your hand out in which case pass that god damn bill barney!!!!

Central Banks created this Fraud when Rockefeller, JP Morgan, Rothschild and other Barrons pulled all assets out in 1929 and fraudulently created a panic by false story publications in major outlets.

Over 5,000 independent banks failed and the Central Banking System was formed, without Congressional Oversight.

It’s been a fraud for decades.

The best reality would be to see these giant monstrosities be dispersed amongst many, more manageable bank tiers that interoperate and have strict standards, in which the Congress and White House do their jobs and maintain their watchdog status.

I want a stable dollar and confidence that I’ll be able to draw out the money that I’ve put into my checking and savings account. I have absolutely no use for anyone–republican or democrat–who can’t drop the partisan bullsh-t and see that as a fundamental, immediate priority that outweighs all else.

I’ll try to sort out who’s ultimately responsible for getting us to this point later. For right now, I’m going to blame anyone who risks total disaster by refusing to lay down partisan politics when I walk into the polling place in a month.

Pelosi suspended this voting, now she is talking with Dems in Chamber who voted Nay to change vote.
Big Arm twisting

NO SHIT….

Is Obama working the phones?

Amen. No more dems for me

they say it failed on C-SPAN

YEP….

I keep saying….Suspend capitol gains tax for a year and watch the money roll in.

No. But if they need him, they can call him … give him a thrill on his vibrating phone. lol

hahaha

I have to say it again in BIG BOLD LETTERS!!!

I just want to say, thank you barack obama for plastering all over the news that John McCain deserves no credit for this bailout and that all credit should go to you because it implemented all the things you proposed on day one!

THANK YOU BARRY!!!!!

Unless you’re the former Chairman of Goldman Sachs and GS is about the only investment bank still standing

http://www.nypost.com/seven/09292008/news/politics/docs_detail_barack_ties_to_radical_131209.htm

The New York Post has a short Obama/Ayers story up. It’s not news to the viewers of this site — but this may be the start of an Ayers/Obama linkage campaign.

The “liberal media” is already ‘blaming’ repubs for not giving away $700 billion of taxpayers money. But it is pelosi that failed the kleptocracy. 100 dems voted against the bill.

This is a good link for many financial stats:
http://www.kitco.com/market/
It’s a Canadian metals market mostly. I watch the metals, not stocks.

Pelosi is posturing and poaching the House to give the perception the Republicans are against the bill.

Hello! 95 Democrats voted against it.

All she had to do was convince her own party and failed.

She’s the epitomy of “it’s their fault,” leadership. A cowardly leader whose party politics is no different that the prior Republican Speaker she replacedk, Dennis Hastert.

What will it matter whether McCain or Obama wins, if indecisiveness at a critical moment brings down our entire economy and monetary sustem? The winner would only be presiding over the ruins. Some frickin’ victory.

I’m with you!

Try 450.

Pelosi is a terrible leader. I hope many Democrats now realize the first women speaker and the first black governor of Massachusetts sounded good but in reality both have failed miserably as leaders. It is clear to me the first black president if “elected” will be a disaster as well. It is too bad these people are not good leaders because our leaders should come from a variety of backgrounds but MUST be qualified to lead.

We all know it’s going to be negative, but this fear of 570 negative to 600 and then 400 negative shows that people are buying up large chunks of a few players.

gets a tingle up his leg too …. sorry is down his leg

I agree on housing prices. They have been ridiculous for a long time. I live in a small house (less than 1000 sq ft), built post Korean war. It was last assessed at a value of over a quarter million dollars.Ridiculous. It’s crazy, and an adjustment needs to occur. CRA, Fannie/Freddie, real estate agents, and consumers who were foolish enough to go for zero down adjustable mortgages on homes not worth the asking price-the bubble had to burst sometime.

They pulled it out of their ass.

http://www.americanthinker.com/blog/2008/09/pick_a_number_get_a_bailout.html

I hope his foot was at least freshly washed before he stuck it in his big fat mouth.

65 democrat voted against bailaou, so if Obama start attacking Democrat, He will get in a hot water. They will turn against Him, and pull their voters.

Pelosi needs only 11 dems to change their vote to yea. If she can do that, the bill will pass.

Buuuut – statistically it is the black population that gets on welfare and stays there. The actual numbers stay much higher for blacks and overall, blacks are the perpetual welfare recipients. The most number of children born into poverty and single parent homes – 70% of black children are born into single parent households – BY CHOICE – goes to the black population.

So it’s all the white’s fault argument doesn’t hold water.

More Obama propaganda spewed out by witless Obots.

We’ll see who’s paranoid when you’re losing your job and everything you own and standing in a line at the soup kitchen. God, Americans are just tooooo stupid.

Mouth? Is that what they call that orofice now?

In my day they called it an ass, i mean a unity donkey.

11 is not a lucky number … lately

She has a rare gift. Booboo needs to send her on the stump.
-~

You’re absolutely right.

Also, get going on drilling HERE and watch the shit hit the fan!

Thanks. And here’s an article my wife, an economist, recommended from the Mises Institute (the institute has a libertarian bent, I believe). The economist writing there thinks the bailout would delay recovery.

http://mises.org/story/3131

DOWn:
-535.63

The bill as it was written in my opinion was not going to work. It was not going to do what it was intended to do. No way, no how, NOBAMA.

oh for god sake grow a pair.

You are being duped by the greed on wall street.

They have a bunch of crappy mortgages they couldnt sell and were trying to con the governement into taking it off their hands.

The wall street twits wanted to pass the buck just like barry does.

Plan FAILED!

Now work out a real solution that doesnt reward them for being greedy fucks in the first place.

oh and just incase you missed it:

I just want to say, thank you barack obama for plastering all over the news that John McCain deserves no credit for this bailout and that all credit should go to you because it implemented all the things you proposed on day one!

THANK YOU BARRY!!!!!

What will it matter whether McCain or Obama wins, if indecisiveness at a critical moment brings down our entire economy and monetary sustem? The winner would only be presiding over the ruins. Some frickin’ victory.

Clearly, you know nothing about Economies of Scale.

This is a self-correcting Global Machine.

If Mccain would have taken a stand against this Bill at the debate he would be looking so good right now.

Mccain better start attacking the dems in Congress

My portfolio has lost more than $150,000 in two weeks. I am too poor to think.

A recession maybe, and definitely some pain. But the pain we’ll feel will be nothing like the pain we would have felt for years to come if this bill had passed.

Having said that, there’s no telling what they’ll come up with after this. To say I don’t trust Paulson, Bush, Pelosi and the Democrats is the understatement of the year.

You do realize you’re cheering about the advent of another GREAT DEPRESSION, don’t you. Our houses will be worthless for the next 20 years. Of course if you’re in college and your parents are paying all the bills, I guess you don’t care about anyone else’s jobs, homes, food, anything.

For all the Republicans out there: this is the Free Market in living color. It leads to Depressions. The same circumstances caused the last Great Depression. ANd if you think you won’t be paying taxes, think again. The people in this country who have jobs are the only source of income. The Treasury is empty. We owe China to date 500 billion dollars. Do you think your Free Market Republicans in Congress are going to pay it? Or Bush? Or Cheney? Or Chris Dodd? Or Barney Frank? Or maybe you thought Obama was going to assume the national debt.

Just heard from state representative Matheson on TV who said he voted against the bill because there weren’t enough protections for the taxpayers. He didn’t want to burden taxpayers with the burden of the bailout to the extent it would have.

Matheson is a democrat.

I will never vote democrate again. I am even doubting weither I will vote for Hillary. She is a part of this band of theives!!!! If she stood up to them at the Conventtion she would look like a hero today. and she would have had 2012

Pelosi has been a significant disappointment as she is nothing more than a political hack

lol this is great. Republicans are blaming Pelosi .

Take thjat you witch !!! lol

ANd it just escaped your notice that the market is crashing even as we speak? But keep cheering, will ya?

Danm Bush and the Treasurer for wanting to keep home prices high. I own a home but I don’t want the price of my home being dictated by the government. Period. I want the price of my home to be set by market forces. Period.

The bill needs to require an orderly disposition of the assets in a way that allows the housing market to float freely. Other than that I don’t care what they do with their money. Foreclosed properties need to go into the market in an orderly fashion and not held under the supervision of NO Czar or Advisory Board.

Down with Socialism.

Is there going to be a rewrite?

John Boehner is on Fox ripping Pelosi a new one. LOL

A bill taxpayers were AGAINST. I can’t wait to hear how she spins this as a Democratic win …..

Did Obama vote on this bill that he was going all over the place saying he has to take all the credit? After all the points he gave them and hours on the phone.

I am waiting to hear what the great one will say now

I know. I wish I could find video of that Pelosi speech that tanked the vote.

I agree…

There are other ways to address those issues.
In the long run the dollar would suffer more.

She lost me when she foolishly stuck her proboscis in the primary.

That’s not what Steny Hoyer said when he started the voting. It sounded as if all the objections had been straightened out. Fox News said this morning no money for ACORN or any pork was in the bill

In fairness to Katie Couric, I won’t condemn “her” editing of Gov. Palin’s interview remarks until I see some indication that Katie Couric was, in fact, the editor, or that she had editing authority. That being said, the editors at CBS certainly have some “splainin” to do.

Pelosi partisanship blamed for a dozen members NOT voting for the bill.

Surprised – yes. But she is an Obama supporter and she did steal the nomination from Hillary.

Speaker Hoyer 2009.

Breaking! Republicans blame Pelosi’s Partisan and Nasty Poison speech before the vote for destryoing the bailout.

COmplain about the dems making heavily negative partisan comments about Repubs not being patriotic and John McCain interfering and turning what should have been about the economy and the people into a political grandstanding event.

Pelosi…You dumb jackass. You Got Served!

Ha, ha! Obama wants to take all the credit for the bill and now it tanked! Well, he can have it because as usual – if Obama’s involved – IT TANKED!

Democracy is still alive!

She should have kept her fat mouth shut if she wanted it to pass…no she will blame republicans..again and again…for the mess that the dems caused for the most part.

I have not lost faith.
Remember all the polls that were wrong about booboo in the primaries? He underpreformed
Same deal this time around.
Think the NRA is just a little pissed off about booboo trying to block their ad?
They’ll start to play really rough.

Btw, Eric Cantor is on Fox giving Pelosi the blame.

Mouth? Is that what they call that orofice now

I thought it was a sewer pipe opening.

No, there is not. A Republican from TX asked for reconsideration of the bill. It’s at the discretion of the Chair. The Chair said no, if they wanted to revote they had to do it immediately.

Yeah…and watch the money that’s rolling in become increasingly worthless because of the resultant skyrocketing federal deficit.

This would essentially be like loading all of the wealth onto the lifeboats containing only the first-class passengers. They’re always a step ahead of disaster. Where do you think they’re putting their wealth at present? They’re certainly not putting it back into an increasingly troubled economy.

I hope so. The operative words should be ‘order’ and ‘orderly’ and not ‘control’ and ‘authority.’

Hope I had the Pelosi speech too. Heard it was so partisan that the repubs went berserk. what else is knew? she opens her mouth, and people go berserk.

30 yr dem not any more-
Thanks very much for this link

GOP calling for people to calm down and relax and get back to work.

God why does Mccain have to be so nice? He could have used this economic crisis to sink Barry. Mccain campaign needs to make ads with clips of the democratic congress covering up for Fannie and Freddie.

What’d he say?

She praised Frank as though he were the second coming of Lincoln … then she said what a great bi partisan effort it was but never mentioned one Republican name. Went on and on and on and on. It was almost as though she just wanted to eat up the time she had coming.

I think Eric Cantor is great, he had a chance to yank Nancy’s hair and he took it. Cantor is a bright spot in this mess…
I hope he leads the charge,..he pointed out the D’s did not get it done, so that the R’s are blameless..

To paraphrase Ann Richards
He was born with a golden foot in his mouth

If Mccain is able to bring down Dodd, Frank, etc then we will succeed in bringing down Barry. People don’t want to give those criminals a liberty to do as they please the next 2 yrs.

COME ON MCCAIN GET TO WORK

I’m hearing that Pelosi’s speech blamed Bush policies for the whole mess (right before the vote-smart thinking)!

They would have voted on it if it went to the Senate. I heard McCain and Obama were both going to go in to vote.

One could get the impression that Pelosi wanted the bill to fail. That way she can claim that the Republicans caused the collapse of Wall Street (never mind that this would be complete bullsh*t).

Ohhhhhhh … or was that all symbolism? Not a real dog in there anywhere?

This is the perfect opportunity for them. I hope they don’t squander it.

LOL great, now they have to throw Obama in there with Pelosi for his stint on meet the press and later on all the crap he spoke at the rally.

Obama said it was his bill for weeks he was on the phones with Secretary Paulson and the congressional leaders, making sure that the principles that have ultimately been adopted were incorporated into the bill… Mc Cain did nothing he just mucked up the entire exercise that Obama had in place.

So now that it failed and 96 democrats voted nay I really wonder what Obama is saying or taking credit for now lol

what a stupid ass bitch.

That would be a good start.
They are all my personal poster children for congressional term limits.
4 terms for congresscritters
2 for Senasses

I want to see the Pelosi speech that Cantor held up.

Nancy “the Beak” Pelosi. LMAO.

A quote from Pelosi’s partisan speech:

Pelosi had said that Congress needed to pass the bill, even though it was an outgrowth of the “failed economic policies” of the last eight years.

“When was the last time someone asked you for $700 billion?” she asked. “It is a number that is staggering, but tells us only the costs of the Bush administration’s failed economic policies — policies built on budgetary recklessness, on an anything goes mentality, with no regulation, no supervision, and no discipline in the system.”

http://www.foxnews.com/story/0,2933,430021,00.html

This from Yahoo finance:

When the critical vote was tallied, too few members of the House were willing to support the unpopular measure with elections just five weeks away. Ample no votes came from both the Democratic and Republican sides of the aisle.

Land o Lincoln-
I agree.
Sen Obama is No liberal or progressive.
No matter who you vote for in November, take a look at this excellent analysis of Sen Obama’s legislative voting record…It explains exactly why he is cant call himself a liberal or progressive.This article is clear, well written and includes excellent support for statements made by author.

http://www.beyondchron.org/articles/The_Obama_Craze_Count_Me_Out_5413.html

Beyondchron.org, The Obama Craze: Count Me out ” by Matt Gonzalez 2/27/08

What the hell is wrong with Pelosi? Is she truly deranged? This is a national crisis. And she gives a partisan speech, targetting the repubs. man, she needs psychiatric help.

Yes. Big video of Pelosi calling the Republicans “unpatriotic” if they didn’t support it, and completely blaming Bush de-regulation, without ever discussing Dems covering for Fannie and Freddie failures.

She deserves this, really.

Pelosi and Reid played political games from the git go.

95 of their own Democrats voted NO.

If anything else, this should mean Pelosi and Reid get removed as leaders.

Can we have Hillary as Majority Leader now?

the last time i looked the nay’s had it. and some republicans were saying that pelosi had nixed the deal by being too partisan in her remarks, which had completely pissed off some who, despite their better judgment, were going to bite the bullet and vote to approve.

Obama is campaigning in Colorado – McCain is in Washington.
LOL

Now, lets listen to Oblahblah confer with his 300 advisers to come down to explain what happened. Maybe he runs to Axelgrease and ask him what to say.

No no, he is calling Hillary and asking her what to say.

THIS IS ALL PART OF DEMOCRATS’ STRATEGY TO KEEP THIS ISSUE ALIVE SO IT BENEFITS OBAMA…DISGRACEFUL

Pelosi knows the Obama way.

Didn’t I see somewhere that we have a VP candidate whose familiar with exorcising witches? Just another great reason to vote Republican again.

Yes, tek.

95 Democrats deserted Pelosi and Frank, voting NO.

Truth will be optional (and nonexistent).

He will.

94 dems voted against the bill. 132 repubs voted against it.

It was pelosi’s baby. She had to do better than that.

OBAMA interview with Charlie Gibson, June 2008

How does it feel to break a glass ceiling?
How does it feel to “win”?
How does your family feel about your “winning” breaking a glass ceiling?
Who will be your VP?
Should you choose Hillary Clinton as VP?
Will you accept public finance?
What issues is your campaign about?
Will you visit Iraq?
Will you debate McCain at a town hall?
What did you think of your competitor’s [Clinton] speech?
http://abcnews.go.com/print?id=5000184

PALIN interview with Charlie Gibson, Sept. 2008

Do you have enough qualifications for the job you’re seeking? Specifically have you visited foreign countries and met foreign leaders?
Aren’t you conceited to be seeking this high level job?
Questions about foreign policy
-territorial integrity of Georgia
-allowing Georgia and Ukraine to be members of NATO
-NATO treaty
-Iranian nuclear threat
-what to do if Israel attacks Iran
-Al Qaeda motivations
-the Bush Doctrine
-attacking terrorists harbored by Pakistan
Is America fighting a holy war? [misquoted Palin]

http://www.cqpolitics.com/wmspage.cfm?docID=news-000002950353

That would explain why I smell something bad in the air in Denver… it reeks of Barry’s bullshit.

a fun comment from RD (riverdaughter site)

Nancy must be nose to nose with the floor with her rating. Does it count when it goes into minus?

He said they had the votes until Pelosi gave her partisan speech. He and Eric Cantor were really pissed off.

lol

By the way, Pelosi is worth an estimated $39 million. http://www.opensecrets.org/pfds/overview.php

I don’t know how many houses she owns, but she and her husband do own a vineyard, according to what I read in Roll Call.

Pelosi speech

Here she is..

Where is the outrage?
The fact that investors bought these bundled mortgages, and therefore assumed the risk.
They bet wrong! It’s called capitalism! Some win and some lose.
The biggest problem is that Frank and his ilk thought the dream of homeownership was not due to those who saved a 10-20% down payment over years and bought a house they could afford. But was the due of almost anyone who would knowingly take out a no-doc loan. Well guess what, if you bought more house than you could afford, I have no sympathy for you. And if you bought securitized collaterallized mortgage obligations containing a pool of high risk (i.e higher rate, more profitable loans) and they are not performing, too bad.
That is what very few people get. The bad CMOs are the ones that are causing this crisis. And they were underwritten by FNMA and FHLMC. Investors bought these loans because of the higher rate of returns. And now we’re supposed to bail these investors out?
I say no.

a vineyard

yes but the grapes are sour

The McCain campaign needs to send crew with her whenever she does an interview, and then post the video and full transcript on their website. They aren’t editing these interviews to make her look hawkish, they are trying to make her look clueless. If you only watched the Gibson and Couric interviews, it would be easy to believe that she’s an inexperienced idiot. I find that portrayal hard to believe, given her success and popularity as Governor of Alaska. She sure looked a lot different in the sit-down with Hannity. I hope that their cut and paste propaganda tactics have succeeded in lowering expectations enough that she looks like a genius compared to Joe Biden.

there, there

Let capitalism do its job. Listen, my portfolio is in the crapper and I’m no kid. I am losing here. But in my head and in my heart, I knew this idea was not only wrong on so many levels, but it would only delay the inevitible. Too manyh people in this country have lived way above their means. The people in congress who covered up for Fannie and Freddie should be in jail right this minute. And if anybody thinks the the MSM is going to be able to bury the shit that started in congress, they have another guess coming. As for wall street, let the pigs who were pigs be sent to their own pen. I’ll take my hit and retire with a lot less than I would have had. Or maybe i can just delay and wait the market out. But at least tonight I can go to bed knowing that LEFT OF LEFT OF LEFT SOCIALISTs didn’t take over my country. And Barack Obama WILL be answering some questions about his group that started in Chicago, namely ACORN. It WILL happen.

I guess Obama did’t PHONE IT IN VERY WLL.

Dem Rep. Dennis Kucinich opposes.

I love Eric Cantor.

here’s the house vote:

http://clerk.house.gov/evs/2008/roll674.xml

if they attached a bill to open drilling to this they might just get it passed.

Right now I am hanging on to the CNN link waiting for her and the boys to come out and explain what happened … I guess it is true that failure is an orphan.

Gen Y might be learning soon about restraint and “Gotta have it now” isn’t going to work well. It’s time for some humlity.

Ask and you shall receive.

http://michellemalkin.com/2008/09/29/nancy-pelosis-bailout-attack-speech-on-the-house-floor/

Obama would have voted “present”.

Thank you 30 yr dem…

what a dumb idiot Pelosi get petulant at the worst times, and forget Frank and Dodd’s crimes…..the R’s must have enjoyed not voting for it after watching that approach…it is so bad I think McCain might have cover here.

I agree. Obama is a neocon in a progressive sheep-skin. He is certainly in Wall Street’s pocket…just follow the money. Maybe he is more of a corporate fascist – Pelosi, Donna Brazile, Howard Dean, Harry Reid and the other Obama-gang sure don’t seem to care about the “will of the people” -they made that clear in the primary.

That stench has been here for well over a year. Not surprising for Denver. For a breath of clean air a road trip to the Springs is in order.

Every thousand dollars I had when Bush took office is now worth $690. If McCain is elected, continuing tax cuts and federal deficits will likely drop the value of the dollar even further. I see nothing in his economic proposals to make me think otherwise. Basically, the same economic policies yield the same results. This seems to me like a reasonable theory.

That’s all kind of beside the point, though, if inaction now crashes the entire system. It’s like arguing about who should pilot an airplane on the next flight while you’re headed directly for the side of a mountain.

I’m not os sure anymore what is and isn’t a national crisis. Pelosi goes partisan every time she speaks. The nay votes were almost evenly split between Reps and Dems. I’ve heard one set of economists say this bill is good and another set say otherwise. At this point I’ll withhold judgment until there is a consensus. Maybe we’ll get to see some fisticuffs on the House floor.

House values are going to fall. But they have to fall. I’m living in an area where it would be cheaper to buy a home (though in a bad neighborhood) then rent an apartment.

We need pro growth policies to get us out of this situation. More jobs, lower housing prices and common sense financial abilities. Don’t buy it if your broke behind can’t afford it. if we have to live with this fact so does the US government.

#2 video

Dems for Bailout: Pelosi #2 “anything goes mentality”

He just DID.

The Bush/Pelosi/Obama bill failed, because constituents hated it.

NOW McCain can lead to somethig more successful, and do it rationally and calmly.

BRAVO, Boehner & McCain!!

228 Nay; 208 Yea as reported on http://www.drudgereport.com

I think this was the right move. America citizens need to see that the root cause of this is Fannie Mae and Freddie Mac from the CRA passed in 1977 by President Jimmy Carter and 95th Congress.

The S&L’s crisis occurred from this mess. Subprime Mortgage loan crisis occurred from this mess.

This CRA needs to be REPEALED and removed from the books immediately.

PUMA 2008!

yawn. we arent buying your bad debts yet wall street sock puppet. get over it.

Right there with ya Uppity…

The media says Obama is on the upswing because of the financial crisis!! – and people believe The Savior is innocent in this mess.

The media minimized and mocked McCain’s decision to return to Washington – and called it a gimmick.
While Obama is wise because he said “call me if you need me.”
Crazy upside down Obamedia!

Today, Obama is campaigning in Colorado – McCain is in Washington.
BAWAAHAHAHA!

Wanna bet Obama will be in Washington by tonight?

Obambi has now stated that he intends to make sure the Bailout is pushed through!! More Gestapo tactics from the Obambi campaign?

oops, I didn’t see that the ONE was here. Hope Colorado goes red so Barky wasted a whole bunch of money on us. Tool.

Hopefully she is worth a whole lot less after the last couple of weeks.
She is being excoriated for her speech.
tis a thing of beauty.
Another high low point for this congress.

I just want to say, thank you barack obama for plastering all over the news that John McCain deserves no credit for this bailout and that all credit should go to you because it implemented all the things you proposed on day one!

THANK YOU BARRY!!!!!

NOW TO PARAPHRASE A MEME FROM A FEW MONTHS AGO

BARACK, OWN YOUR SHITTY BAILOUT!

sorry rob, but if it aired with Katie’s name and face on it, she is responsible for it.
she was the interviewer. if the piece was edited in such a way that it unfairly depicted Palin, then Couric should have refused to let it air.

I added 2nd video link up thread

It is moments like this ,when we as citizens stick to the principles ,that we make a dent.

It sounds like the Freddie, Fannie stuff has been secretly cooking for 15-20 years…JAIL TIME PLEASE!

NOt to mention the 95 Dems who voted against it.

I’m guessing those 95 are Blue Dogs, who may very well understand how Frank/Fannie/Freddi/subprimes undermined the economy, and probably RESENT being held hostage by the Congressional Black Caucus and Barney Frank/Chris Dodd lies.

Pelosi couldn’t even get all her own Democratic Congressmen.

That speaks volumes.

I agree.

This might be fun watching Obama try to shove this through..I telling you this is an opprtunity for Mac.

If so, would this be a revolt against the wing of the Democratic party that foiested Obama on us?

He pointed out the fact that 95 democrats chose to put country over party.
The “urgency” over this is most amusing. The real estate market has been in the crapper for over two years, the mortgage crisis nearly as long, and the risk in sub-prime lending is just becoming apparent?
Doesn’t add up.

Pelositysauraus is on telling untruths again. She states the Dems held up their end – wellllllll then how come with over 60 Rep votes you the majority did not carry your bill ????

She is on TV still blaming republicans…as you can see in video #2 that she wanted more pork or what ever added on…ACORN being dropped must have pissed her off.

Pelosi has been a significant disappointment as she is nothing more than a political hack

Don’t give her too much credit, doesn’t the garden variety political hack possess a little street smarts?

Obama, and his Nation of Islam bodyguards, will make the House eat crap sandwich.

I’m perfectly happy to let the people who made bad bets take the hit. I would richly enjoy seeing them take the hit. The problem is, their irresponsible practices have frozen up credit availability because no one really knows where all their worthless paper has been hidden. If money doesn’t move, the economy freezes up. This becomes reality for the average citizen when his or her bank fails, or there’s no gasoline at the gas station or groceries in the grocery store even if he or she has cash in hand.

Who’s to step in and provide immediate money to break the gridlock, if not the government?

No we cheer. This bills failure is good news for the American people.

And Pelosi speaks and BLAMES THE REPUBLICANS AGAIN AT THE PRESSER. THIS WOMAN HAS GOT TO BE THE STUPIDEST PARTISAN HACK EVER!

I saw on a news program that said that when Barry did his interview with O’Reilly, his camp made FOX sign a contract that agreed not to edit his answers. McCain’s camp didn’t do it with Palin for the ABC interview. You’d think they’d get a clue and start asking for the same thing with Couric. They are making her inept in these interviews. Journalism is dead.

if it all fails money won’t be worth anything anyway.

Yes, I agree that Obama is a brown Bush… I have frequently said, “Show me the Democrat!” when it comes to Obama.

The media that is trashing Palin has been called “liberal”, however. They ruin the term for me.

I prefer to say I am open minded at this point, I do not want to box myself in with any ideology. Independence is liberating and refreshing.

Don’t you love how she forgets to say that 90+D’s vote against this???

And a complementary BJ for Frank as well..
Do you think that Obama’s friends will give the money back?

NOT 65. 94 VOTED AGAINST.

wodiej,

Today on the Tom Hartman radio show a caller called in complaining how ‘racist’ this whole mortgage news reporting has become because -accoridng to the caller-people are blaming African Americans for this mess and in reality it is white people who got more of these give a way loans.

Tom Hartman agreed with the caller about the racism going on and proceeded to rattle off some statistic about what % white people took out these mortgages versus african americans-without saying where the figure was from.

I could not believe what I was hearing.

NOWHERE…NOWHERE have I seen or read any articles blaming African Americans for this mortgage mess.

Hartman-who I used to listen to all the time -supported this race baiting tactic instead of stepping in as a voice of reason.

EVERY single report that I have been exposed to lays the blame on the wheelers and dealers behind the scenes who helped to lay the groundwork for this mortgage nightmare.

Is this the new ‘race baiting’ rumor that Sen obama’s campaign will now push out to the people?

WHY DIDNT TOM HARTMAN SAY ANYTHING TO THIS CALLER?

IS THIS WHAT HE BELIEVES TOO? Why is he allowing himself to be used as a pawn?

Take a look at how ‘good’ Sen Obama has been to his contstituents back home in Chicago.

I agree wodiej. I too have no idea why so many African Americans (and others too for that matter) are supporting Sen Obama without examining his legislative record.

Learn about the real Sen Obama and what he has accomplished in Chicago

Read the article I posted above earlier on this thread regarding analysis of Sen Obama’s legislative record.

Also, look at the following:

http://vodpod.com/watch/857180-why-chicagoans-are-against-obama

Nearly 125 Shot Dead In Chicago Over Summer (2008)

http://cbs4denver.com/national/chicago.summer.shootings.2.810882.html

http://www.thenation.com/doc/20080211/fraser

The Nation, “Subprime Obama” by Max Fraser 1/24/08 Post 2/11/08 issue

“Obama’s disappointing foreclosure plan stems from the centrist politics of his three chief economic advisers and his campaign’s ties to Wall Street institutions opposed to increased financial regulation”, according to the article.
More examples of how Sen Obama has SABATOGED efforts to help the middle class and working class people in this country.

http://www.motherjones.com/commentary/columns/2008/03/i-am-barack-obama.html

Mother Jones, “ I am Barack Obama” by Mark Winston Griffith 3/17/08

“And on the question of a federal response to subprime lending abuses and foreclosure, an issue I’ve been passionate about since my days running a financial cooperative in Bedford-Stuyvesant, I’m convinced that extensive regulation and government intervention is the only way to curb predatory lending and prevent massive foreclosures. Obama, on the other hand, relies far more on the market correcting itself. Max Fraser recently wrote in The Nation that “As he has done on domestic issues like healthcare, job creation and energy policy, Obama is staking out a position to the right of not only populist Edwards but Clinton as well” writes Griffith

Dem Rep Ike Skelton (MO) opposes!

You’re right – there is an economic crisis, but this very bad bill would only have made it worse. There are sounder solutions.

Pelosi also started walking it back, she said its not our bill its the presidents proposal that we improved in a bipartisan manner but the republicans did not respect that spririt of bipartisanship in voting on it.

Pelosi was the one who gave the big “We shall reach across the aisle” speech when she was sworn in as speaker.

She was grandstanding before they cast this critical vote, plain and simple. And the House Reps served her her lunch on a platter.

Nitwit couldn’t even strongarm her own party. I wonder if she threatened holdouts with the Hillary treatment?

I’m sorry. As I listen to Pelosi, I’m getting more and more pissed.

Yes. Bill failed.

I guess since Pelosi says its not the dems proposal, but that its Bushes proposal,

THANK YOU BARRY!!!!!

Remember when McCain said he would freeze federal spending? Veto any bill with earmarks?
During the debate?
Last Friday?
You know, the one booboo supposedly won?
Must have missed that one.

I can not believe I fell for their sh-t so long…blaming the other side is getting them no where.

not when there stupidity caused this mess…Greenspan told them two damn times that I know of…put Frank in jail.

Hey, I don’t own a single frickin’ share of anything. I have no credit card debt. My modest little cottage is paid for. I have a 10-year old truck that’s also paid for. I’ve carefully lived within my means and saved my money so I wouldn’t have to rely on handouts from anybody. And now all is threatened by some very wealthy peoples’ greed and compulsive gambling habits–playing, of course, with other peoples’ money.

I figure I have every right to be pissed.

Hotair has 5 minutes of the speech that probably did it in. http://hotair.com/archives/2008/09/29/breaking-bailout-bill-fails-dow-roller-coasters/

She must really be stupid to have tried that. Keep in mind this is a day or so after she called house republicans unpatriotic for “boycotting” a meeting. Except they didn’t boycott they either were not invited or were told the wrong time as admiteed by Dodd! She either is truly stupid because she either thought she had all the democrats on her side or thought republicans wouldn’t be put off by her hyperpartisan behavior!

TY Sue!

athy …thank you great post!

Explain to me why after Pelosi scorces the earth she expects that the R’s are coming back..

she must think she has them by the balls, but clearly they have BO by the balls, and I BET there will be even higher numbers of R’s against it in the next vote.

The R’s could really get under BO’s skin now.

Okay. Apparently most Americans were opposed to this. How does the MSM spin this tonight?

links are up thread to two videos if you want to see it all.

The only really good thing about an end to this would be not needing to hear Frank for the end of the election season. He’s too stupid for words.

If this means the end of Pelosi, that alone would be e GREAT outcome!

Does Barney Frank have teeth?? Do you see any??

I know this is snarky, but watching Barney Frank it is soooooooooo very hard to identify him with the gay population.

LOL Barney Frank the MORON just complained that the Republicans backed out because their feelings got hurt.

Boy these morons just all know how to win friends and influence people…and we want to let them handle 700 billion in mortgage loans? Get off Obama’s Crack…its not good shit!

I wonder how this House vote would have come down if they were allowed to use a secret ballot?

LOL

Oops! Wrong! Skelton voted for the bill.

For those who skip to the end, follow the address for 5 mins of Pelosi’s speech

http://hotair.com/archives/2008/09/29/breaking-bailout-bill-fails-dow-roller-coasters/

What a moron. This is of course 2 days after she said the following

http://hotair.com/archives/2008/09/27/video-pelosi-calls-house-gop-unpatriotic/

If she lasts longer then another day as speaker Democrats should just quit as a party!

Yes! Yes! Yes!

So they called it Bushes Bill, and the R’s defeated it…the MSM will have such a hard time explaining this..

Emmanuel is now telling the press that it was patriotic to vote for the 700 billion.

They insult the R’s and then they think the R’s are going to wipe their butts?? Now they are calling them unpatriotic,…I guess 700 billion is VERY patriotic when it is other people’s money.

Yep.

How can any person with basic math skills accept that it is the Reps fault the bill didn’t pass. They only needed 17 more votes for passage and 94 Dem’s voted nay.

That video clip of the Dems on Cspan talking about nothing is wrong with Fannie/Freddie and a list of who got money from them need to be played 24/7. We all know that both parties are to blame but it irks me to no end that the Dems, especially Peloser, think their shit don’t stink.

Barney Frank’s in-box has failed. Hmmm
Wonder what his constiuents are saying to the good congresscritter from the 4th MA congressional district?
I, for one, is going to politely, but emphatically call on him to resign.
He has taken millions from the industries his committee is tasked with regulating. Being a good democrat, he spread the slop around to other good little piggies at the trough.

Both Videos

Dems for Bailout: Pelosi #1 “anything goes mentality”

Her second act…

Dems for Bailout: Pelosi #2 “anything goes mentality”

HOW ARE THEY GOING TO EXPLAIN THE 90+D’s???THAT SAID NO?

It’s now 227 NAY, 206 YEA, 1 Not Voting.

Obama voted present again?

Barney Frank, FU. It’s funny how they all say “hurt feelings” and it’s the R’s fault. Good grief, the Dems have the majority-a bunch of Dems voted NO. What a (lame) joke.

BING BING BING…

Lindsay Graham is scoring serious political points for McCain right now..

Yup!

What a great leader OBama is 96 members on his side told him to take his bail bill and stuff it lol

I’m having to go to my happy.

I’ll share it.

In my happy place, this was planned by the clintons and McCains. It is a build up to tie Barky into the mortgage crisis and the bill’s failure. Now the democrats will get to see how dirty he is and boot his a$$ out to save their own a$$e$. They have no choice but to go with Clinton as nominee since she has been out campaigning and visible all along. This way she could get rid of Barfy, she didn’t have to campaign too hard for too long against her buddy John and now they will have a month of a hard fought campaign and the best person will win fair and square.

That is my happy place for the rest of the day. Barfy is gone!

He’s not going to freeze military spending, of course. Nor pull out of a $10 billion a month occupation of Iraq. Nor ask the Iraqis to foot part of the bill with their own $79 billion oil revenue surplus.

He will give people earning $2.7 million a year on up yearly tax cuts averaging $269,364, while decreasing tax cuts to the middle and working classes. Maybe he can also cut corporate taxes and capital gains taxes. Hell, some republicans are proposing a temporary total removal of capital gains taxes as a response to the current crisis.

How smart to we have to be to know a scam when we see one?

Obambi couldn’t have voted as this was a House bill. Obambi cannot vote present until or if it comes to a vote in the Senate.

I don’t see teeth either … maybe he left them at home?

I see the market going to -660 and counting. Guess that was the effect of Pelosi,Frank,et al running there mouths and whining. Good going.

Is the McCain campaign still suspended until he gets this solved?
A few months ago he said he didn’t know squat about economics but had a copy of Greenspan’s book. So did he read it and did it bring him up to speed?

Calls to Congress were 20 to 1 opposing the Bill. I’m choosing to trust the wisdom of the American People on this one.

Hey Jeremiah! I’ve been worried about you; Where have you been?

I just listened to Pelosi’s stupid speech. She said, “The party is over!” She is absolutely correct. The Democratic Party is over!

I don’t know …

Isn’t this the Agreement that Barry put together? It certainly has all of the 0bama hallmarks of success, which is to say, none.

The market seems to be doing what Bush and Paulson predicted. Too bad Pelosi was mean to the Republicans.

I think they called when they needed him, but Obama didn’t pick up the phone. He was too busy campaigning and boasting of his forthcoming landslide POTUS victory.

***** NEW troll *****

hey, where is beebop? heard she/he lost 150K in the stock market. you okay, beebop?

I don’t have an answer for that, but I agree that there has to be some way to protect the taxpayer and get some solvency in the credit markets. The blame for this failure goes beyond partisan politics, that’s for sure. Demicans and Republicrats are cats of similar stripes, they feed us pablum and get fed $ from the special interests.
btw, down thread I mention that congresscritter frank’s e-mail server is currently overloaded. Funny

And after the Republicans have been so nice.

I just watched part of what Pelosi said on the floor at Michellemalkin.com

My God no wonder the Republicans got angry.

This partisan Hack of a jackass Pelosi tried to pull and Obama and rewrite history and blame the Bush administration for the market meltdown and the fall of freddie and fannie.

You know i would have been furious too if i was sitting in that chamber listening to this twit rewrite history and bold face lie to my face about who bore responsibility before asking me for my vote to bail her and her thieving cronnies butts out of the freddie fannie fire.

She has no shame!

She should resign before the end of the day from her position. The Republicans shoulld demand it or threaten to not go forward, and start having press conferences explaiing to the american public exactly what the dems did to create this mess.

Unbelievable.

Teddy Roosevelt’s Bull Moose Modern Progressive Party was the party of Progressives, yet even his party wasn’t nearly as “progressive” as the Democratic Republican Party of Jefferson, Madison, Paine, Franklin, S Adams, P. Henry, so on and so forth.

Please People: Read the Writings of the Founders. They are more pressing than one can put in words.

Barky is a loser, so are his barking idiots on Capital Hill. This huge downturn happening right now is because of the crap Pelosi & company spewed a few minutes ago.

Right, and so many folks who are living in houses with mortgages fully or nearly paid (and with no intention of selling those houses) will tend to question any bailout that they perceive will help others more than themselves. Can’t argue with human nature, I suppose. It’s hard to determine which analysis makes more sense; which recommended remedy will work best; how blame and accountability can be effectievely and temporarily separated from the proposed solution, and whether that temporary separation is warranted.

He did respond to the original Bush/Paulson 3 pager, and I hear a lot of his suggestions were incorporated. Has McCain offered anything specific other than “gonna roll up my sleeves”?

Do the corrections automatically rectify moral injustices?

What I mean to ask is, Do the corrections automatically adversely impact those who caused the trouble, and balance things in favor of the people who have worked hard, lived honestly, and played by all the rules?

Nature is also self correcting. Corrections sometimes involve extinctions.

Seems it doesn’t take much to piss those pompous pissants off.

The bill failed because 90+ Dems voted nay.

Sue-
Thanks.

we are all losing right now..even if we don’t have stock…this is ..or let me say ..this could get really bad…

I am so cynical. Could it be that the 95 Democratic hold outs did so to give Barack a chance to “Save the day?”

Think about it. The stage is now set for Barack to rush back to Washington to give a major televised speech that “changes the minds” of the 95 hold outs and the bill passes.

Mark my words. This will happen.

I think he does, they’re just small like Larry Sinclair’s. He also has a speech impediment.

THE DEMOCRATS ARE DISPLAYING THE ABSOLUTELY WORST LEADERSHIP IN CONGRESSIONAL HISTORY.

You do not air dirty laundry as part of your negotiating tactics when it comes to finance and Wall Street. Every time Pelotis, Rahm Emanuel, and Barney (Otis) Frank start spewing their B.S. the markets tanks another 200 points.

McCain comes to town and help and all he gets is criticism from Dem leaders.

What bothers me is that Frank and Dodd are incredibly responsible for this entire mess.

Prediction: A compromise that has McCain and Hillary’s name on it.

The problem is Tek, the economic hard times are coming whether this Bail-Out Bill passed or not. The lie to the American voter/taxpayer was that this Bail-out (by the taxpayers) of Wall Street speculators could save us any economic downturn and keep the good times rolling. The truth was it was too late for that – greed and unethical speculative banking/lending practices had already done the system in. This Bill was an effort to keep that hard news from the American voter for just a littttlllle looonger. (after election) It’s better we all go into this election with our eyes wide open.

YOU ARE ABSOLUTELY CORRECT! IF THE DEMOCRATS REALLY WANTED TO PASS SOMETHING (WILL THE HELP OF THE ALL-POWERFUL OBAMA, OF COURSE) . . ..WHY DIDN’T (OR COULDN’T THEY)?

THIS IS GOING TO BE THE BEGINNING OF THE UNDOING OF THE THE BIG ZERO!!!!! FINALLY!

i was abducted by pod people

but before they could force feed me the koolaid i pulled the plastic spork i had hidden discretely out and dug my way back to freedom.

A recession maybe, and definitely some pain. But the pain we’ll feel will be nothing like the pain we would have felt for years to come if this bill had passed.

That’s just utter nonsense.

Get rid of ACORN and the CRA.

People who make $2.7 million a year invest their money, so companies can increase capacity, its how an economy grows. I would rather have it creating jobs in the private sector than in the hands of Barney Frank and Nancy Pelosi, that’s for certain. Where did Senator McCain say that he wouldn’t make the Iraquis foot a part of the bill? Please provide some evidence.
I too live within my means, saved for my house and have spent seven years fixing it up, but now the liquidity crisis has wiped out any gains I’ve made on its value. I can’t blame Sen. McCain for that, but I sure as hell can blame those who created this problem.

lol…..lol…lol…

You really think Barky will leave the campaign & fundraiser trail to stick his skinny neck out on this? I see your reasoning, but it doesn’t seem such a move squares with his history. More likely, he’ll be “phoning it in”, back room manuevering with plausible deniability. That way he can play whatever side is expedient in the moment.

amen brother

The Keystone Cops of Capitol Hill.

If it weren’t so dangerous to our nation’s security, it would be comical. What a crew of incompetent shits.

I just sent my Republican congressman a thank you note for voting against this noxious bill if that is indeed what he did (the Congress site is still down). There has to be a better way to free up lending capital. Time for someone to show some leadership.

Do you all have 3 months worth of cash on hand? enough to pay bills and eat..

Yep! How smart does McCain look now for letting Obama brag away and take all that credit for crafting this losing Bill?

I agree that the “ne’er do wells” should not bear the full blame or even most of it.

However, they should not be treated as victims of this mess. Most of them, either made a profit, or lost nothing, except a house they “bought” with OPM and no downpayment of their own.

The real victims are hardworking middle class folks, particularly minorities, with good credit, steady jobs and a downpayment, who were either priced out of the housing market by the “ne’er do wells” and their junk mortgages, or who ended up paying way too much for their homes because of them.

All this sub-prime monopoly money flooding the market, raised housing costs for honest, hardworking, responsible Americans, with 80/20 30-year fixed rate mortgages. Now many of the honest, hardworking people with good credit have seen their paid-in equity (downpayment) largely, if not entirely wiped out.

really?
Thought it was an old one with a new name
-~

wait you lost me if you have no debt and are living well within your means and have a nice nest egg saved up but have no stock in these companies, how exactly does this affect you again?

Your 1000 may be worth 680 now but so is everyone elses which means its relatively equal to the same buying power it was at before reletive to everyone else.

Whats your issue grizzly adams?

Some Republicans changed their vote at the last minute because of Pelosi’s comments? Who are these statesmen? Make their names public. The voters deserve to know.

The market is back to -574, a small rally. Let’s see where it ends up.

if they can keep dems off the air…maybe.

Pelosi sure did it. She blamed it all on W. She said not a word about CRA and ACORN and Obama’s complicity. W is on screen right now (CNN) and I do think he’s a jerk but right now he’s looking 900% better than those dillweed Dems.

He did take a stand.

when they had the meeting at the White House, 0blarney asked him directly what his thoughts were, and he stated he stood with the House Republicans.

I have sufficient funds in a Money Market account different savings accounts, but I am very fearful for my annunities, pensions, esop and the home I am trying to sell. But unless you have a source to sell you in hand gold or silver rushing to divest or withdraw funds will not help but rather hurt the economy or what’s left of it.

The republicans will see that coming a mile away and will not vote for it. The democrats can’t push this through by them self. This bill is dead. They will take it up again after the election.

Mean to Republicans???? She’s a divisive bitch!!!!!
As a women I’m appalled and ashamed of Nancy! She makes me sick at my stomach.

She’s a power hungry hack! It’s obvious to me she is stuck on herself with her perpetual smile, nose job and fake ass boobs! She loves being in front of the camera and could care less about the American people.

YUP. As Shep Smith just said, the market rallied after they quit talking.

or you could send a Catholic priest to exorcise Nancy. Joe Biden could help you out with that, he’s a bigtime Catholic know-it-all.

I just got off line from WAL*MART … I am applying to be a greeter …. I owned AIG and if you watched Apple tank today you will understand how thrilled I am with my financial future. But hey. Easy go …

He won’t do that, he’s going to run from taking his previous credit because the electorate is NOT in favor of this.

YUP. As Shep Smith just said, the market rallied after they quit talking. 11 minutes and its swinging down and back up.

It wasn’t indecisiveness, I think it was more a concerted effort by Republicans and Democrats to defeat a bad Bill the American people didn’t support, being pushed by the very suspect band of Paulson, Bush, Barney Frank, Pelosi, Reid and Dodd. The world won’t come to an end if they take a week to craft a good solution. This time let’s hope better leaders emerge to craft a new Bill.

Barney Frank was one of them.

beebop, have you lost lot of money in the stock market? I’m sorry to hear it if you did infact lose $$$.

peut etre

I call my senators and congressmen/woman everyday and tell them NO WAY!

hahahahaha …. thanks so much for that …. I haven’t had occaision to laugh all day. I take it that you are about 15 and believe everything that you read over there at the barky 0mama site. Thank GOD people your age can’t vote. Run along now. Mom’s got some fig newtons and cold milk for you.

This is the most ridiculous blame game I ahve ever seen. the democrat majority VOTED FOR the bill…can you read the numbers???? It was the republicans who did not vote for it, because nancy laid the blame for this on everyone…where it should be laid. she clearly said that bush inherited a surplus and in two years that surplus was gone and we have been going downhill ever since. so please tell me why this is obama’s fault or has anything to do with acorn??? you have got to be kidding me. Susan you are a lying creep who has such hatred for Obama you will look for ANYTHING to tie him to, even when it is not there. where is your hero Hillary now???? If she is so smart, has such a good idea to get us out of this mess, where is she?// why isn’t her great idea of HLOC out there??? where is her leadership???? no where…because she is no better or smarter than anyone else and ALL deserve the blame for this mess. they saw it coming and did nothing.

Yes, he mentioned something about his boot and your ass…but then he was reminded that trolls from gaza while working for the obama campaign are not american citizens and therefore not entitled to compassionate conservatism kickbacks.

I need a young priest and an old priest

well … only on paper so far. Apple will come back. I didn’t buy it at its high. AIG? Only time will tell. I didn’t buy it any where near it’s high. If it can find a buyer for some of its assets, I can recoup some of it. Thank GOD I don’t have to sell this week, but like Uppity says, it’s one of those things. I didn’t lose anything in the S&L mess and I didn’t buy a house on a stupid mortgage, so it could always be worse. There is something there … of course, there’s still tomorrow to face

Thank god, glad you were able to escaped

I find myself in awe over the rush to solve this crisis, which has been building for over two years since the downturn in Real Estate and the foreclosure crisis.

I blame anyone profitting from this fraud.
That’s pretty much all of the b@st@rds.
Banks, equity firms, FMae & FMac: their CEOs COOs their boards, all the unscrupulous SOS at every level who lent people money whom they knew would default, foreign lenders, Repub politicians who were for deregulating, the Dem politicians who have taken bribes to acquiesce in this corruption, morons living beyond their means.
They ought to all fry.
I don’t think it’s a ploy: we really are sickeningly overleveraged and their stock is fancy tp. But it sure as f#ck is their fault. This is being rushed so Bushie can pardon all his friends on the way out the door in case they can’t get the congress to sign off on that immunity deal.
Everybody wants a piece of the freaking pie. We get stuck washing the plate.
It’s time people started talking about refusing to work, or buy anything, or paying their freaking taxes. This isn’t a government, it’s a pack of fascist thieves.

As a red blooded garlic nose, I can only hope that Pelosi is Italian by marriage.

She gives all garlic-munchers a bad name.

(The ones in the states as well as those in the old country.)

Bravo for Rep. Kaptur. This video is outstanding.
Let’s Play “WALLSTREET BAILOUT” The Rules Are… Rep Kaptur
http://www.youtube.com/watch?v=S27yitK32ds

It works easy, don’t it?

I’m in a mood for a revolution. If these idiotic politicians cant bury the hatchet, and come together as americans in this moment of crisis, its best that a million people march to the capital, and demand that these idiots do their job in a responsible manner. I’m tired of these partisanship. who is to blame or who is not to blame. who gets the credit or who doesnt get the credit. idiotic.

YUCK, she politicized this when both parties are to blame. The Democratic Party would rather make points against McCain to push Obama ahead than solve this problem properly.

Pelosi showed what a partisan firebrand she is.

Yes – I was really wishing he would speak up against it during debate.

j’espere que oui!

You got it Uppity.

My money is less today but I’ll ride out the market which may need some time to correct.

If my country and capitalism still stands that’s what matters when the market closes.

Obama needs to be investigated.

No, we sold our house 1.5 years ago and took every bit of profit out of it and PAID OFF ALL OUR debt and live on a cash only basis…….my business has declined over the past 3 years- we saw the writing on the wall and started adjusting accordingly. I vote for captalism, free market over socialiasm and nationalism anyday.

Inevitably, history does repeat itself.

A government caring little if anything about the most intense issues facing America’s once vibrant middle class–to wit, unmanagable home mortgages, huge credit card debt, and a moribund health care system–and caring everything about wall street entrepreneurs facing their own deserved collapse from their own unbridled greed–is in its death throes.

The bailout was to secure Wall Street, not Main Street, and in the era of George Walker Bush, those streets do not run parallel.

Millions of Clinton voters like myself (eighteen million strong this year–officially, more than any other primary presidential candidate in United States history) have understood for some time that the Clinton White House years will likely stand as America’s last Golden Age.

Assuming that Senator Obama wins this election by default, as seems now likely (although it is surprising that a Democratic candidate can be maintaining little more than a five point national lead when America is teeter-tottering close to total collapse), is he, as his adherents have long maintained, up to the task of fixing the mess?

Like millions of my fellow Clintonites, I truly believe that the nation can only be rendered whole again if the Clintons are to return to power. Hillary Clinton’s great crowd-pleasing comment in the Los Angeles debate said it all, then, and that comment is particularly apropos now: “It took a Clinton to clean up after the first Bush, and it will likely take another Clinton to clean up after the second Bush!”

My prayers are now that a President Obama swallows deeply his pride and appoints Bill and Hillary to the tasks of restoring both the nation’s economic health and its foreign policy standing. Give Hillary the position of “Economic and Health Care Czar” and appoint Bill to serve as a foreign policy secretary plenipotentiary.

Perhaps the nation still has a chance: a glimmer of hope made possible by the leaders of what is surely now America’s last Golden Age.

this is a cool map of where the foreclosures are located: http://boxer.senate.gov/features/mortgage/foreclosures.jpg
nevada, california, arizona, florida & north carolina top the list: all areas of rapid growth and among the leading states to retire to (top 5 are these except nevada, substitute texas).

I think a march on Washington is an excellent idea.
When do the buses leave? I want to pass by Nancy
Pelosi’s house and leave a calling card signed by the senior citizens in my area who are scared to death right now.

http://www.nypost.com/seven/09292008/postopinion/editorials/the_meltdowns_acorn_131274.htm

THE MELTDOWN’S ACORN
Posted: 3:53 am
September 29, 2008

As Congress slogged toward an apparent financial-market rescue bill over the weekend, the time arrived for a closer look at the roots of the crisis.

Who were the culprits?

Many and varied.

But as Election Day grows ever nearer, the role of one candidate in particular stands out: that of Barack Obama. .

In the end, from a mighty ACORN an even mightier crisis did grow.

With Barack Obama’s help.

I didn’t own any financials. However, everything I own is taking a hit anyway. I own European funds, emerging market funds and energy and they are getting hammered. I’m worried sick!

BREAKING!!!!!!
BREAKING!!!!!!
BREAKING!!!!!!

politico.com/news/stories/0908/14087.html

McCain blames Obama for bailout defeat
By POLITICO STAFF | 9/29/08 3:31 PM EDT
Text Size:

Shortly after the bailout vote, a statement from the campaign of Sen. John McCain (R-Ariz.) blamed the loss on “the Democratic leadership: Senators [Barack] Obama and [Harry] Reid, Speaker [Nancy] Pelosi and others.

“Their partisan attacks were an effort to gain political advantage during a national economic crisis. By doing so, they put at risk the homes, livelihoods and savings of millions of American families,” said the statement, released in the name of senior policy adviser Douglas Holtz-Eakin.

Here is the text of the statement:

“From the minute John McCain suspended his campaign and arrived in Washington to address this crisis, he was attacked by the Democratic leadership: Senators Obama and Reid, Speaker Pelosi and others. Their partisan attacks were an effort to gain political advantage during a national economic crisis. By doing so, they put at risk the homes, livelihoods and savings of millions of American families.

“Barack Obama failed to lead, phoned it in, attacked John McCain, and refused to even say if he supported the final bill.

“Just before the vote, when the outcome was still in doubt, Speaker Pelosi gave a strongly worded partisan speech and poisoned the outcome.

“This bill failed because Barack Obama and the Democrats put politics ahead of country.” — McCain-Palin senior policy adviser Doug Holtz-Eakin

Before McCain Came To Washington, Senate Democrats Called On McCain For Leadership In Economic Crisis

Senate Majority Leader Harry Reid (D-NV): “We Need The Republican Nominee For President To Let Us Know Where He Stands And What We Should Do.” Reid: “We need, now, the Republicans to start producing some votes for us. We need the Republican nominee for president to let us know where he stands and what we should do.” (Sen. Harry Reid, Press Conference, Washington, D.C., 9/23/08)

ABC News: White House Has Been Told By Democrats “That There Is No Deal If McCain Doesn’t Go Along.” “A Democratic leadership source says that White House Chief of Staff Josh Bolten has been told that Democratic votes will not be there if McCain votes no — that there is no deal if McCain doesn’t go along.” (George Stephanopoulos, “McCain; Holds Key To Administration’s Bailout Passage On Capitol Hill,” ABC News, 9/23/08)

Roll Call: Senate Majority Leader Harry Reid Told The White House That Senator John McCain Was Crucial To Any Bailout Deal. “Fearing a political backlash against Democrats, Senate Majority Leader Harry Reid (D-Nev.) has told the White House that it must serve up support from Republican presidential nominee Sen. John McCain (Ariz.) if it hopes to ensure bipartisan backing for a massive economic bailout package by week’s end.” (Erin P. Billings and John Stanton, “Reid Seeks McCain Pledge,” Roll Call, 9/24/08)

• Roll Call: “McCain Holds The Key To … A Bipartisan Vote, According To Reid …” “McCain holds the key to such a bipartisan vote, according to Reid, because Republicans are likely to defer to his position on a bill that holds political peril. McCain on Tuesday night joined Democratic presidential nominee Sen. Barack Obama (Ill.) in lending qualified support for the $700 billion package, but it remains unclear whether his backing is strong enough and timely enough to persuade the Congressional rank and file.” (Erin P. Billings and John Stanton, “Reid Seeks McCain Pledge,” Roll Call, 9/24/08)

• Senator Reid Told Secretary Paulson That Senator McCain Was Necessary For Any Agreement. “According to a Democratic aide familiar with the discussions, Reid told Paulson this week that ‘if McCain didn’t come out for this thing and come out for it quickly, it was going to begin bleeding Republican votes.’ Democrats ‘have a very real concern that opposition [from McCain] is going to drive away potential Republican votes,’ this aide said.” (Erin P. Billings and John Stanton, “Reid Seeks McCain Pledge,” Roll Call, 9/24/08)

After John McCain Returned To Washington, Democrats Attacked Him Instead Of Accepting His Help

The Wall Street Journal: Democrats “Dismissed” McCain’s Return To Washington “As Political Gimmickry.” “Republican Sen. John McCain said he would suspend campaigning to help tackle a $700 billion bailout proposal and called on Democratic rival Sen. Barack Obama to postpone their debate Friday, as the roiling U.S. financial crisis took center stage in the presidential campaign. Democrats dismissed the moves as political gimmickry …” (Laura Meckler, Elizabeth Holmes and Christopher Cooper, “Financial Crisis Upends Campaign,” The Wall Street Journal, 9/25/08)

“In Interviews After The Meeting, Obama Pointed A Finger At His Rival For The Faltering Talks…” (Michael D. Shear and Jonathan Weisman, “Debate Still In Limbo As Democrats Blame McCain For Interrupting Process,” The Washington Post, 9/26/08)

Senate Majority Leader Harry Reid (D-NV) Said It “Would Not Be Helpful” To Have McCain Return To Washington To Work On The Bailout Plan. “Senate Majority Leader Harry Reid, in a statement that would be unlikely to go out without the Obama campaign’s approval, dismisses McCain’s suspension: ‘This is a critical time for our country. While I appreciate that both candidates have signaled their willingness to help, Congress and the Administration have a process in place to reach a solution to this unprecedented financial crisis. … But it would not be helpful at this time to have them come back during these negotiations and risk injecting presidential politics into this process or distract important talks about the future of our nation’s economy. If that changes, we will call upon them.’” (Ben Smith, “Reid: McCain Return ‘Would Not Be Helpful,’” The Politico’s “Ben Smith’s Blog,” http://www.politico.com, 9/24/08)

• Reid: “We Need Leadership; Not A Campaign Photo Op.” (Ben Smith, “Reid: McCain Return ‘Would Not Be Helpful,’” The Politico’s “Ben Smith’s Blog,” http://www.politico.com, 9/24/08)

House Speaker Nancy Pelosi (D-CA) Said She Didn’t Want McCain’s Help With The Bailout Bill. “John McCain called Speaker Nancy Pelosi this afternoon to deliver the news as well, saying he was coming back to help with the bailout bill. Pelosi’s response: We got it covered senator. ‘We are making progress,’ Pelosi told McCain, according to a Democratic aide familiar with the conversation. ‘Thanks but no thanks, Senator McCain.’” (Martin Kady II, “McCain Also Called Pelosi,” The Politico’s “The Crypt” Blog, http://www.politico.com, 9/24/08)

Senate Banking Committee Chairman Chris Dodd (D-CT) Said The White House Meeting “Looked Like A Rescue Plan For John McCain.” “‘What this looked like to me was a rescue plan for John McCain for two hours,’ said an angry Sen. Christopher J. Dodd (D-Conn.), who had all but declared the deal done earlier in the day. ‘To be distracted for two to three hours for political theater doesn’t help.’” (Michael D. Shear and Jonathan Weisman, “Debate Still In Limbo As Democrats Blame McCain For Interrupting Process,” The Washington Post, 9/26/08)

Sen. Chuck Schumer (D-NY) Said McCain Should “Get Out Of Town.” “During a speech on the Senate floor this morning, Sen. Chuck Schumer (D) urged President Bush to ‘respectfully tell Sen. McCain to get out of town. He’s not helping.’ … He added, ‘When you inject presidential politics into some of the most difficult negotiations under normal circumstances, it is fraught with difficulty. Before McCain made his announcement, we were making great progress. Now after his announcement, we are behind the 8 ball. We have to put things back together again.’” (Mark Murray, “Schumer: McCain Is ‘Not Helping,’” MSNBC’s “First Read” Blog, firstread.msnbc.msn.com, 9/26/08)

Sen. Claire McCaskill (D-MO): “Frankly We Had A Deal Until John McCain Came To Town To Play Politics.” (MSNBC’s “MSNBC Live,” 9/26/08)

“[House Financial Services Committee Chairman Barney] Frank Also Blamed McCain For Making A Dramatic Announcement To Suspend His Campaign And Return To Washington For The Talks, Saying That Threw Off The Balance Of The Negotiations.” (Alison Vekshin and James Rowley, “House Republicans Undercut Bush On Rescue, Slow Talks,” Bloomberg News, 9/26/08)

House Majority Leader Steny Hoyer (D-MD) Said “Injecting Presidential Politics In This Critical Issue Would Not Be Helpful.” “We are making progress and injecting presidential politics in this critical issue would not be helpful to quickly producing the best proposal for the American people. Senator McCain sounds like a man in a 100 yard race who is 50 yards out, 25 yards behind and wants to suspend the race. … Senator Obama called Senator McCain this morning to ask him to join in a joint statement of principles on a response to the financial crisis. It would be helpful for Mr. McCain to follow Mr. Obama’s lead.” (Rep. Steny Hoyer, “Hoyer Statement On McCain’s Announcement To Suspend Campaign, Delay Debate,” Press Release, 9/24/08)

• Hoyer Critcized McCain For Calling To Postpone The Debate. Hoyer: “With the election only a few weeks away, the American people deserve to hear from the presidential candidates on a variety of issues. The best forum for this type of discourse is a debate and the campaigns owe it to the American public to proceed as planned.” (Rep. Steny Hoyer, “Hoyer Statement On McCain’s Announcement To Suspend Campaign, Delay Debate,” Press Release, 9/24/08)

Speaker Pelosi’s Partisan Speech From Well Of House

Speaker Pelosi’s Partisan Speech From The Well Of The House Of Representatives Attacking Republicans Turned Off Potential Republican Votes. “Opponents said part of the reason for the opposition from Republicans was what they termed a partisan speech by House Speaker Nancy Pelosi, said one GOP source. ‘Pelosi’s partisan speech has caused our members to go berserk and may cost us any remaining chance to pass the bill,’ the source said. Pelosi had said that Congress needed to pass the bill, even though it was an outgrowth of the ‘failed economic policies’ of the last eight years. ‘When was the last time someone asked you for $700 billion?’ she asked. ‘It is a number that is staggering, but tells us only the costs of the Bush administration’s failed economic policies — policies built on budgetary recklessness, on an anything goes mentality, with no regulation, no supervision, and no discipline in the system.’” (“House Defeats Wall Street Bailout Bill,” FoxNews.com, 9/29/08)

When John McCain Returned To Washington, There Was No Deal In Place

Fox News’ Carl Cameron Said “There Wasn’t A Deal” When John McCain Arrived. Fox News’ Jon Scott: “Give us your assessment of the statement that Harry Reid made a little bit earlier during that news conference. He didn’t use John McCain’s name, but he said things were proceeding along ‘swimmingly,’ essentially. And then he said a certain person came to Washington and then wheels fell off. Is that an accurate description of what happened?” Fox News’ Carl Cameron: “No. There wasn’t a deal. You first have to accept a predicate that there was an arrangement agreed to by all the necessary lawmakers and authorities — that was essentially a piece of paper and a proposal that had been discussed and agreed to buy one senate committee — that’s not the same as a deal. A deal in budget parlance and bailout parlance requires the White House, the regulators, the House and Senate Republicans and Democrats. And because House Republicans were not given an adequate seat at the table, Republicans had great misgivings about this — the American people have great misgivings about this — I mean 60% and more in many polls say that the public just doesn’t like this.” (Fox News’ “America’s Newsroom,” 9/26/08)

• Cameron: “So McCain’s role in this was to bring about progress for a deal, which as of this hour has not yet existed. They are getting closer, they say, but because there was a commerce committee deal does not constitute finality, that was McCain’s point — and he has been making it since Monday. And Harry Reid saying that we shouldn’t inject Presidential politics into this and then immediately turning to John McCain raises some questions.” (Fox News’ “America’s Newsroom,” 9/26/08)

• Click Here To Watch: http://www.youtube.com/watch?v=QpThx-tZPGc

Sen. Joe Lieberman (D-CT): “There never was a deal yesterday. That was a big lie. There was kind of a framework that a few people agreed on, but you make a deal by the negotiations that Senator McCain helped bring about which are happening right now.” (MSNBC’s “News Live,” 9/26/08)

WORK IT MAC DADDY!!!!

WORK IT OUT!!!

Beebop . . . I am commisserating with you. I’m down $115K. Hang tough on the Apple and AIG — it will come back. I went through the 1987 Crash (thankfully I was only 25 then — younger and stupider and more carefree). The worst side effect was lowered dividends which ain’t helpful if you’re on a fixed income but it all came back eventually. There were some buyouts just like are happening now.

The most important thing to do at this point is to get everyone from mortgage brokers/originators all the way up PLUS everyone in Congress and the administration who added to this problem.

Trump is giving it to OPEC which in turn would include some of Bush’s friends and some of Obama’s connection. He predicts that oil prices will drop drastically.

Trump is ecstatic over the bill failing.

Has Nancy “given Barky a call”? yet?

Do you have a source for that, or are you auditioning for a Faux News job by making crap up?

woot!

The dropping value of the dollar has affected me. The fact that I get only slightly over 2% annual interest on money I’ve loaned to my bank affects me. The specter of bank failure costs me peace of mind, when I’m fully aware of how much the FDIC insurance fund actually has at its disposal. I also worry about my mother, who depends on money my father carefully invested. Even with very safe investments, she’s lost a bundle this year. I think no matter how careful and responsible we’ve been, we’re all at risk. Having something simply means you have something more to lose.

I’m socially liberal but financially conservative. It’s a weird situation. Neither republicans nor democrats are truly financially conservative these day, no matter what they claim. We probably need a third party, with a platform based on fiscal common sense. I’m not sure there would be enough people left with common sense to get them elected, however.

She is great!!

Yes! Obama is eyeball deep in this as are the remainder of his minions like Pelosi, Frank and Reid. A great leadership is being shown by Senator Lindsey Graham, a very close friend and supporter to McCain! Thanks Susan!

Dear Larry James Gianakos, no deal. Obama has to loose this election for the Clintons to be back in 2012. I want to see Hillary as president. so please forget about obama. He’ll take america to self-destruction.

Really I thought it would go down 1000 or more…glad I was wrong.

Speaking of making crap up, how’s that black cloud over there in obamalobotobotland since your Master took credit for a compromise that went nowhere. Hahahaha

McCain blames Obama for bailout defeat

http://www.politico.com/news/stories/0908/14087.html

I’m with McCain on this one. The Dems and Obama have been an utter disgrace.

It is like calling ” Mommy Dearest”!

“fauxgressives” seems to fit the Obama types.
Or maybe just “passive agressives.”

http://www.nypost.com/seven/09292008/postopinion/editorials/the_meltdowns_acorn_131274.htm

THE MELTDOWN’S ACORN
Posted: 3:53 am
September 29, 2008

As Congress slogged toward an apparent financial-market rescue bill over the weekend, the time arrived for a closer look at the roots of the crisis.

Who were the culprits?

Many and varied.

But as Election Day grows ever nearer, the role of one candidate in particular stands out: that of Barack Obama. .

In the end, from a mighty ACORN an even mightier crisis did grow.

With Barack Obama’s help.

Nancy Pelosi is going through fasting and prayer before she calls the ‘One’. she has lost, and has disappointed the ‘One’. fasting always helps. lol

If Pelosi had not played politics it would have passed…If I want something from someone I wouldn’t insult them and then expect to get it…she is a loser through and through.

People with that sort of income already control around 71% of the total wealth of the nation. Why aren’t they investing some of that?

The point being, it’s the consumption of working and middle class people that actually drives the economy. They earn the money and buy the stuff and produce the goods and services that keep the wheels of the economy turning. The wealthy go along for the ride. If you want a health economy, you need a financially healthy working and middle class.

You’re right – we all have every reason to be boiling mad! But the answer is to tell those greedy Wall Street speculators and hedge fund barron robbers that the American people aren’t going to take it anymore…why should be be the patsy and pick up the tab for their party? That’s what this Bush/Peloi Bail-Out Bill would do.

The only thing Pelosi forgot to say in her poison speech that screwed the bailout was “Jesus was a Democrat and Pontius Palin was a Republican”

Thanks for this — I like to see McCain come out swinging against these idiots….

and those Dems voted Nay , no doubt due to their constituent phones ringing off the hook against the bailout.

Doesn’t Pelosi know about the internet, everything is online, we don’t have to depend on pony express for info anymore? Nobody’s buying what she’s selling.

OK everyone, take a seat and watch Pelosi’s approval numbers drop into 0blivion…

she clearly said that bush inherited a surplus and in two years that surplus was gone and we have been going downhill ever since.

You’re right, while Bush was busy getting rid of Clinton’s surplus Soertoro/Obama was swimming in the Rezko – Ayers political pool and that doesn’t make his hands any cleaner than Bush’s.

As for Senator Clinton, she gave a very good plan when she spoke before the Senate about a week before it all hit the fan; however, media was too busy chasing Soertoro/Obama’s campaign to handle little mundane stuff like an economic meltdown. Why isn’t she out there? Because Soertoro/Obama waved his hand and the Democratic party banished her.

didn’t understand your distinction about single parent homes. I think single parents have a right to raise their children that way. Maybe I just missed your point. And Aleph’s post was not
blaming anything on white folks.– actually Aleph seemed to be making a distinction based on the disparity poor white people have in social service programs.

I know. I keep trying to focus on the big picture. I should have invested on some liquor stocks ….

According to CNN, the Dow is recording the biggest closing drop in its entire history.

This is not the free market in living colour. This is crooked politics in living colour.

I heard that the Vatican’s exorcist team now includes an Evil Hair Plug Unit.

I think a march on Washington is an excellent idea.
When do the buses leave?

Haven’t done much marchin’ have ya’?

I found a great article regarding ACORN.

http://www.pittsburghlive.com/x/pittsburghtrib/opinion/s_590330.html ROOTS OF ROTTEN MORTGAGES

The roots of today’s mortgage-based financial crisis can be traced back to the Community Reinvestment Act (CRA), which Jimmy Carter signed in 1977. Seeking to address complaints from anti-poverty activists and housing advocates about banks allegedly discriminating against minority borrowers and “redlining” inner-city neighborhoods, the CRA decreed that banks had “an affirmative obligation” to meet the credit needs of victims of discrimination in borrowing.

To add a government stick to the process, the CRA decreed that federal banking regulators would consider how well banks were doing in meeting the goal of more multiculturalism in loaning when considering requests by banks to open new branches or to merge.

A good “CRA rating” was earned by way of increasing loans in poor neighborhoods. Conversely, lenders with low ratings could be fined.

The Fed, for instance, warned banks that failure to comply with government guidelines regarding the delivery of “equal credit” could subject them to “civil liability for actual or punitive damages in individual or class actions, with liability for punitive damages being as much as $10,000 in individual actions and the lesser of $500,000 or 1 percent of the creditor’s net worth in class actions.”

However well-intentioned in terms of delivering “economic justice,” this push for more government-directed social engineering produced a widespread weakening of long-established industry standards for credit worthiness.

Led by Congressional Democrats, this policy of replacing private and decentralized decision-making with a system of centrally-delivered rewards and punishments was basically a one-party effort. Republicans, it seems, were more aware of the unintended consequences that flow from government interference in the market.

As Investor’s Business Daily recently put it, succinctly and correctly: “Over the past 30 years, Democrats, along with a handful of Republicans, have demonized lenders as racist and passed regulation after regulation pressuring them to make more loans to unqualified borrowers in the name of diversity.”

The march toward the eventual financial meltdown picked up speed during the Clinton administration via an increased lowering of loan standards in order to expand minority borrowing.

The result was widely praised. “It’s one of the hidden success stories of the Clinton era,” wrote Ronald Brownstein in May 1999 in the Los Angeles Times. “In the great housing boom of the 1990s, black and Latino homeownership has surged to the highest level ever recorded. The number of African-Americans owning their own homes is now increasing nearly three times as fast as the number of whites; the number of Latino homeowners is growing nearly five times as fast as that of whites.”

In 2000, Howard Husock reported in City Journal that the “Clinton Treasury Department’s 1995 regulations made getting a satisfactory CRA rating much harder. There would be no more A’s for effort. Only results — specific loans, specific levels of service — would count.”

The “specific levels of service” referred to how well banks were responding to complaints, including complaints from advocacy groups that were in the business of complaining.

“By intervening — even just threatening to intervene — in the CRA review process, left-wing nonprofit groups have been able to gain control over eye-popping pools of bank capital, which they in turn parcel out to individual low-income mortgage seekers,” reported Husock. “A radical group called ACORN Housing has a $760 million commitment from The Bank of New York.”

In addition to setting the stage for giving money for mortgage payouts to ACORN and other lending amateurs, CRA authorized those organizations to collect fees from the banks for their “marketing” of loans.

“The Senate Banking Committee has estimated that, as a result of CRA, $9.5 billion so far has gone to pay for services and salaries of the nonprofit groups involved,” reported Husock.

There’s big money, in short, in “nonprofit” activism — and upward mobility. A guy carries a sign advocating “Change” in front of a bank and the government turns him into a salaried protester, credit analyst and dispenser of mortgage money.

“The changes came as radical ‘housing rights’ groups led by ACORN lobbied for such loans,” reports Investor’s Business Daily, regarding the Clinton era. “ACORN at the time was represented by a young public-interest lawyer in Chicago by the name of Barack Obama.”

Ralph R. Reiland is an associate professor of economics at Robert Morris University and a local restaurateur. He can be reached at rrreiland@aol.com.

better footnote my post.
I didn’t know there was a movement to try and blame poor white people for the financial mess. sorry. that’s probably what you were referring to.

Right. I feel the crisis is plenty real….but I think we are being manipulated on the timing. As you say, this has been building for some time. Why the strong armed rush to Bail-out ….Paulson “No time to think, no time to question, trust me, turn over the keys to the safe, hurry, hurry, just turn them over and walk away”…..

via Corrente – Kucinich on Obama and the absence of foreclosure remedies in today’s bill:

“AMY GOODMAN: Congressman Kucinich, can you explain how it is that the Democrats are in charge, yet the Democrats back down on their demand to give bankruptcy judges authority to alter the terms of mortgages for homeowners facing foreclosure, that Democrats also failed in their attempt to steer a portion of any government profits from the package to affordable housing programs?

REP. DENNIS KUCINICH: Well, I mean, those are two of the most glaring deficiencies in this bill. And I would maintain there was never any intention to—you know, well, many members of Congress had the intention of helping people who were in foreclosure. You know, this—Wall Street doesn’t want to do that. Wall Street wants to grab whatever change they can and equity that’s left in these properties. So—

AMY GOODMAN: Right, but the Democrats are in charge of this.

REP. DENNIS KUCINICH: Right. You know, I’ll tell you something that we were told in our caucus. We were told that our presidential candidate, when the negotiations started at the White House, said that he didn’t want this in this bill. Now, that’s what we were told.

AMY GOODMAN: You were told that Barack Obama did not want this in the bill?

REP. DENNIS KUCINICH: That he didn’t want the bankruptcy provisions in the bill. Now, you know, that’s what we were told. And I don’t understand why he would say that, if he did say that. And I think that there is a—the fact that we didn’t put bankruptcy provisions in, that actually we removed any hope for judges to do any loan modifications or any forbearance. There’s no moratorium on mortgage foreclosures in here. So, who’s getting—who’s really getting helped by this bill? This is a bailout, pure and simple, of Wall Street interests who have been involved in speculation. ”

Yes, and Couric asked the questions. If she felt her journalistic integrity was being undermined with bias she had the same two choices we all have; speak up or keep silent. The fact that we haven’t heard her speaking against the interview censorship says where she stands. And she has financial security so the sacrifice for principles would be relatively painless.

Mike G:

Aside from the fact that you have misquoted/mis-characterized what McCain said, and the context in which it was said (in comparison to his self-perception of his knwledge base on foreign policy issues), what else do you have to bring to the table ?

Susan IMHO this whole thing is being played by Pelosi, Reid, and Obama. No way are they going to allow Hillary’s HLOC to be included in any discussions; it might distract from Obama as leader of the democratic party. As for your comment about saw it coming and doing nothing, you are somewhat correct in that they all saw it coming, however, you are incorrect that no one did anything: (1) in 2005 or 2006 Sen. McCain put forth or co-sponsored a bill asking for more regulation of Freddie and Fannie (where were all the democrats who this coming in regard to that bill?), and (2) there is a report out that Pres. Bush has asked for more oversight of Freddie and Fannie some, I believe, 17 times since Jan. 1, 2008. Again where were all those democrats, who are the majority in both houses, in responding to those requests? Don’t know as I could be considered as having Hillary as my hero, but as a registered republican who has certainly not been enthralled with the Bush years, I did think she was the best presidential candidate running this year. So now with a choice between experienced and nonexperienced, competent and incompetent, and a known entity and an unknown entity, I will have to go with the experenced, competent, and known entity of Sen. McCain. Again not one of my heroes, but I do know he has and will work across party lines and that he will always put our country first.

Maybe McCain should suspend his campaign (again), suspend the upcoming debate (again), get back to DC (again), have anoither big White House pow-wow (again), roll those ol’ sleeves up (again), and get this mother done!

Check out the archives of the Housing Bubble Blog. For two years, the participants of that blog have been writing their legislators, warning them to prevent this disaster. For the most part, they all got form letters in reply telling them to sit down and STFU, all was well in Bubble Land. Chris Dodd was especially clueless. The California gang was not helpful either.

Every now and then an oddball Dem or Rep house member would be reponsive, but the big players all turned a deaf ear.

They had to know.

McCain about to be speaking any moment.

IF Pelosi REALLY wanted the bill to pass, and IF this bill was as important and necessary as she claimed, and if this was REALLY a crisis, she had enough votes with the Democrats alone to pass it. If Americans end of being hurt by this she then has to explain why – when she had the number needed to pass – she did not do it. I guess there is just no more party discipline.

I guess she can only enforce party discipline only when it comes to getting Obama the nomination.

She is a despicable excuse for a human being!

Good. I’m glad the Republicans are standing up for McCain – Barney Frank, Harry Reid & whole gang we’re really trying to smear him over this. Glad it blew up in their faces.

The US shooting itself in the foot. People fretting about the 700 billion (which isn’t a price tag, tax payers could get back more in the end!) forgetting the 700 billion of the ENTIRE ECONOMY wiped out only today. And probably hundred billions more tomorrow…

or a transcript

Points yes, percentage wise, no.

This is my hope! Go get ‘em Senator McCain. (Wouldn’t be great if Hillary collaborated with the Republicans on a new and excellent bill?)

Can the members who voted against this bill please be shot?

I am a fiscal conservative and a social liberal, and I dont think we share many ideas.

Right now your cash position is strong, the times should favor you unless you allow the windbags in congress to stick you with the bill.

If you want a better return on your investments, you will need to assume more risk. Banks arent going to give you a big return to have your deposit sit in a checking account.

Higher cap gains taxes make investing less attractive. Investment fuels business, and business is what generates cash on which the world runs. You know, that stuff in your wallet that you feel is shrinking at 31% annually due to, I guess, inflation? Or did you mean vs the Euro or Canadian Dollar? Or is it taxation? I am just not sure.

I am sorry you are unhappy about the situation, nobody really is, but your arguments dont make sense.

You would think!

Yep. Time for some real straight talk! Who ya gonna call?? MacBuster! (Don’t bother sitting by the phone Barry – no call for you.)

We would probably return to a barter system. The last time it was in use (1980s I think) it worked well until the IRS got involved. But with people receiving no income from jobs there would be a demand for trading services. I think the Great Depression and World War II taught us that the old proverb “Where there’s a will there’s a way” is true. We’ll survive this; we may not like the way we survive but we’ll do it.

Too True.

Scourging would help
-~

Love you Uppity! Truth to power. Country first.

They passed that yesterday. Drilling off both coasts are now a go-go. Drill baby drill!

Can the people who caused the mess get the same?

That is what I keep saying. Been trying to rein mine in for a while now….

Good sign!

Does it seem that Nancy Pelosi understands what’s going on? I mean, no one really understands everything about this financial crisis or the bailout, but for someone who’s supposed to have her hand on the helm, her grasp of this situation seems tenuous, at best.

Behind the hairspray and the blinking eyes, is anyone home these days, or is she just completely burned out and in a position above her capabilities?

Obama created a dicrimination law that says they cannot dicriminate people who are on unemployment and food stamps from buying homes
Giving loans to people who can’t pay it back it nuts!

Mike G:

I’m sure that McCain will get back to work on this, but he and the Republicans need to insert a provision of their own into the bill that will provide some much needed government funding for additional cosmetic plastic surgery for Nancy Pelosi so that she may have those collegen plumped lips permanently sewn shut.

Obama has proposed more than $860 billion in new spending, McCain said. “He was asked in our debate Friday to name a single program he would consider cutting to help our country through this crisis, and he struggled to name a single program!”

He’s referring to the global poverty bill that will send 860B to other countries includig KENYA.

This one has a naivitee that makes you want to 0vomit. I haven’t run into that in a while …..

By a vote of 228-to-205 the House of Representatives rejected a compromise plan that would have allowed the Treasury Department to buy up toxic debt from struggling banks.

The plan’s defeat sent U.S. stocks down sharply, with the Dow Jones industrial average briefly falling more than 700 points, its biggest intraday drop ever.

Shares had already been under pressure following sharp declines in Asian and European shares on fears the crisis was spreading. Global money markets remained frozen, even as central banks poured in cash in an attempt to boost liquidity.

Fannie Mae Timeline. Just to put things in perspective …

lock and load

I’m still working on this screenplay. I’m pouring buckets of sweat into it before I find that life imitates art once again.

Act one
The roosting Reagan chickens doo-doo all over the white stone of our nations capital. Our great leader, this time not distracted by My Pet Goat, conceives of a reenactment of his greatest triumph, the Hijacking of the 9/11 Tragedy. Accordingly he sends his two greatest financial wizards of the federal government to in to scare the bejeasus out of the lawmakers and panic them like a flock of quail pursued by Ole’ Shep.

The sky is falling!!! An accommodating Congress starts the rubber-stamp process but pauses when the will of the people starts expressing itself in a blizzard of withering emails, telephone calls and telegram. Screw the chickenshit, they say, something else is rotten in Denmark. This scene ends with our fearless leader pacing the parapets of the castle in fear of the forest moving in on him: He is hated amongst his fellow man, treated as a cipher by Congress and is going to bequeath his legacy to a Negro. Mother will not be pleased by that last part, no, no, no, not pleased at all.

Act two
In the early light of dawn the plot is hatched. Loyal McCain and the loyal Republican yeomen (trans. ex-Delay yes-men) will trod the boards in an effort to stem Birnam wood from engulfing stately Dunsinane. The good cop – bad cop stick is chosen so first the yeoman must stage an uprising against the great leader upon which Dudley McCain will ride in and doright by quelling the rebellion and bringing the wayward yeoman back into the fold.
Scenes two and three involve fabricating the trajectory of the plot and characters following a riff on the classic motif of boy meets girl; boy loses girl; boy wins girl. Thusly the great leader doth address the clueless masses that disaster is indeed at hand (it’s a wonder the idiot didn’t spark a run on the banks) and Loyal McCain charges the yeomen only to be driven back. “Once more into the breach dear firends, once more or close the wall up with our Republican dead…………..stiffen the sinews, summon up the blood”. , twice into the breach, “half a league half a league, half a league onward….……..

Act three (a work in progress)
Loyal McCain, thrown from his stallion and faced with a forest of pikes at his throat, warbles gallant and patriotic platitudes to divert the otherwise loyal yeomen from their dastardly ways. The silver-tongued McCain sways the reluctant yeomen to rally to the great leader once again. There is not a dry eye in the house. CNN and FOX run graphics of McCain staring off into the sunset in a pose suitable for MT. Rushmore.

The fix is in.

Good point.
The entire country is rightfully leery of a bill spending 700 billion dollars (with a chance to recoup some of it); but no one is up in arms over a larger amount being given away to foreign countries.

try http://www.foxnews.com

Obama sent in his “vote” via his Blackberry. He voted PRESENT! LOL

She a corrupt conniving slug. Her book failed and she is a failure. Kick her out! IMPEACH PELOSI!

McCain speaking LIVE from Iowa now.

Ooh a troll, thats great.

Trollfund is all maxed out at $2300 to McCain so $5 to NQFund, NQFund = $10.

Now go play in traffic.

You know I hate to break it to Nancy but she sucks as speaker, when it came to our energy crisis all her dumb behind could do was blame it on bush. What is the point of being the speaker of the house if you can’t get people from both sides on one accord also, no one told congress to finance bushes dumb decisions, nor did they tell her to endorse a weak presidential candidate that doesn’t know his anus from a whole in the wall. You rail roaded clinton who proably coudl have gotten you out this mess, and now she wantes to blame bush. oh hell no. You know one thing I know for sure is that i doubt very seriously she wil lbe speaker of the house, even if her behind gets back in. She’s weak and petty.

Alex, my answer is “what is Bupkiss?”

She needs to lay off the botox and fix her turkey neck instead.

my pet goat the remix

if obama gets in office and raises taxes on my boss, im out a job anyway. they have been pushing these bad loans for a long time, now the people who accepted these loans will lose there homes, expensive, cars, ipods, blackberries, etc. but they will still have there job at burgerking.

Well, as Pelosi and other Dem’s were pushing the bailout bill, of course, they preferred the first one that redicted money to ACORN and no doubt anothe reason they wanted McCain to just sign off on it and not come in to DC and stop the taking advantage for their friends they were doing against the tax payers, but that got stopped, so they settled for this. To fill in the blanks later and sstill protect their buddies with their big pay and bonuses.

Thankfully enough said NO WAY, NO HOW, No BAILOUT Pelosi and Reid!

This is what my Congressman Udall just sent out. He is a Democrat, of course, so he tried to be kind for Dem’s, but when you read what Nancy, Frank, Dodd, and Reid were pushing, I just want to vote them all out.

“Madam Speaker,

For eight years, the Bush Administration and its allies in Congress have allowed Wall Street to gamble with America’s economy, and the results have been devastating for Main Street. The Administration consistently ignored the experts and failed to adequately oversee America’s financial markets. Administration officials were warned that Wall Street’s risky investments, combined with the mortgage industry’s irresponsible practices, could produce a perfect storm that would threaten Americans’ homes, jobs and life savings. Yet they did nothing.

When Wall Street’s dangerous behavior began to undermine America’s economy, the Bush Administration proposed a bailout that would have given the Treasury unprecedented power to spend taxpayer money without adequate oversight or an actual plan for fixing the systemic problems that led America to this crisis. At the time, I spoke out against the Bush bailout and called for a better proposal, one that would protect taxpayers, help homeowners and benefit Main Street, not just Wall Street. More importantly, I demanded that any plan to shore up America’s financial markets include reasonable rules to ensure that Wall Street does not continue to gamble with our future.

We could have, and we should have, taken the time to do this right. Four hundred of the country’s top economists, including three Nobel laureates, asked Congress to take more time to improve this proposal. With a plan this far-reaching and complex, we had a responsibility to produce the best possible piece of legislation. The bill we are voting on today falls short. Instead of reforming Wall Street, we are using taxpayer dollars to insulate financial firms from the consequences of their own actions. The American taxpayer is on the hook for $700 billion to cover Wall Street’s mistakes, and that is not right. Even worse, Wall Street is not being forced to change its behavior. This can only encourage more irresponsibility.

At the same time, the provisions that limit executive compensation in this bill are weak, meaning that corporate executives who ran their companies into the ground could still walk away with millions in taxpayer-funded compensation in the forms of golden parachutes or other lavish benefits packages. Again, this sends exactly the wrong message to Wall Street. This legislation may still use taxpayer dollars to reward executives who have failed their companies and subsequently hurt the American economy.

In addition, at a time when America’s middle class is severely stretched to make ends meet, this $700 billion bailout not only seeks to rescue our own financial institutions, it also spends our taxpayer dollars to bail out foreign companies. We must protect American taxpayers before we seek to rescue foreign companies while their governments do nothing.

Finally, this legislation does too little to help responsible homeowners. As a result, tens of thousands of families could lose their homes. More importantly, families who had nothing to do with failed mortgages could lose billions in assets as foreclosures continue to drive down property values.

I believe strongly that Washington must act to protect Main Street from the crisis on Wall Street. I supported an economic stimulus plan that puts working families before corporate CEOs by creating jobs, protecting children’s access to healthcare and ensuring that struggling families do not go hungry. I have consistently supported strong action to protect middle class New Mexicans. But I could not vote to give Wall Street $700 billion of taxpayer money without solving the underlying problems with our economy.

I will continue working with my colleagues to reform America’s financial markets, so Wall Street is not allowed to make the same mistakes over and over again. I will also continue fighting to support middle class New Mexico families that find themselves struggling in an economy devastated by the irresponsible acts of others. They are the true victims of the Bush Administration’s malign neglect of our economy. We must do what’s right for them.

Thank you, Madam Speaker.”

A great day for America. 228 Congressmen actually listened to their constituents rather than their so-called leaders (the engineers of their gravy trains would be more accurate).

As for the Dow falling, it’s just air coming out of an overinflated balloon – don’t be frightened by the noise.

As for the European and Asian markets failing – well, it couldn’t happen to a nicer bunch of people.

And as for Hugo Paulson, well, I reckon we ain’t seen the last of him (vampires like that die hard).

you either own nothing and are unemployed or you are just plain stupid – because if you have a job (still) or own anything you are already affected negatively.

So we should want them to make it worse by signing this ridiculous Bill?

I’m a homeowner and have a very successful business. Stupid – well – spending my time arguing with you might be evidence for that, I’ll admit.

I’m one of those ‘ideologues’ you’ve heard about. See, I’d rather lose everything and start all over than have the government spend one penny of taxpayer money on a bailout. I believe in the free market, and I also believe that Adam Smith was right when he pointed out out 230 years ago that “one public debt reaches a certain point, it becomes extremely unlikely that it will ever be repaid.”

Your REALLY are stupid…you are a homeowner? guess what, it could very well happen that your home is worthless or taken away from you. You have a business? All your own capital or need loans from banks? What would happen if that dries up?

And about starting new: How old are you? Still time? And what if you aren’t given the opportunity to start new? Go to another country?

i have heard it on FOX a number of times recently.

Explain why it would get worse?

According to all you free market fetish guys it’s even wrong to give money to unemployed people because that’s already “making it worse”. You should get a reality check: Theory sounds good on paper, but is worth nothing in real life.

So your answer is just vote for any old bill regardless that it won’t fix anything but give their special intersts some aid?

Well, if we’re stupid, so are some of the most strongest Democrats, as they opposed it for not doing what it’s supposed to either.

Somehow I think you’re more concerned about your own losses in all this than in mine. That’s exactly the same feeling I get from Hugo Paulson.

That’s a bad argument though because most of those Democrats really are stupid …

the democrat majority VOTED FOR the bill…can you read the numbers???? It was the republicans who did not vote for it

Spin it however you want to, honey. The dems are the MAJORITY party and can pass anything they want. The only reason they insisted on bipartisanship is because if they make the wrong decision there’s no one else to blame. And that’s what they do best: blame anyone but themselves. So spin, spin away..I’m not buying it.

where is your hero Hillary now???? If she is so smart, has such a good idea to get us out of this mess, where is she?//

Just so you know Susan oblome, Hillary has been speaking to this particular issue for some time. If you have ever watched C-span you might have caught it.
Hillary cant do much about it as a lone Senator who is not even on their stinking committee, she’s not even in the race now, remember? So ‘get over it’ already.

Also, no one told Obama to claim all the credit for the bill that just failed the House and caused a massive downshift on stocks today, the worst on record?, hmm yes, your boy did that on his own, always ready to try and blame when it suits him or steal glory if at all possible. No wonder you love him so much, such backbone!

god bless you son. i fully agree with every thing you said its beautiful
puma

The AHC is the financial version of affirmative action. We are aware becaue it can be measure by $$$.

For the affirmative actions in education and employment, the entire society pays, even if the loss can not be measured by $$$.

me too there has to be another way
mccain and hillary need to get together and hammer out a plan for
america

I prefer something that’s worth “nothing” to something that’s worth minus $700 Billion.

Susan, the Dems. became the majority in both houses two years. They came in claiming that they were going to “clean up Washington.” Instead they only made it dirtier. If they were so disatisfied with George Bush ( the rest of the country was) they most certainly could have impeached him…but Nancy Polosi came in saying Impeachment was off the table….Well in that two years they (the Dems) proceeded to do NOTHING. Obama came in and began running for POTUS. The rest of them were so busy the kissing his butt that they did NOTHING ELSE. They were warned a number of times that this wa going to happen and they ignored it. I swear somerimes I think that woman is on crack. SHE IS ABSOLUTELY USELESS.

yes it ended up over 700 down the worsed drop in history
but remember that thay said even if this bill had passed the market still might crash

We need to send this plan to our Congressmen that I received from a friend today and tell them this is a plan we can approve:

T. J . Birkenmeier, A Creative Guy & Citizen of the Republic

This idea sounds just crazy enough to possibly work, so naturally it won’t be given serious consideration. How great is our bureaucracy!!

Hi Pals,

I’m against the $85,000,000,000.00 bailout of AIG.

Instead, I’m in favor of giving $85,000,000,000 to America in a We Deserve It Dividend.

To make the math simple, let’s assume there are 200,000,000 bonafide U.S. Citizens 18+.

Our population is about 301,000,000 +/- counting every man, woman and child. So 200,000,000 might be a fair stab at adults 18 and up..

So divide 200 million adults 18+ into $85 billion that equals $425,000.00.

My plan is to give $425,000 to every person 18+ as a We Deserve It Dividend.

Of course, it would NOT be tax free.

So let’s assume a tax rate of 30%.

Every individual 18+ has to pay $127,500.00 in taxes.

That sends $25,500,000,000 right back to Uncle Sam.

But it means that every adult 18+ has $297,500.00 in thei r pocket.

A husband and wife has $595,000.00.

What would you do with $297,500.00 to $595,000.00 in your family?

Pay off your mortgage – housing crisis solved.

Repay college loans – what a great boost to new grads

Put away money for college – it’ll be there

Save in a bank – create money to loan to entrepreneurs.

Buy a new car – create jobs

Invest in the market – capital drives growth

Pay for your parent’s medical insurance – health care improves

Enable Deadbeat Dads to come clean – or else

Remember this is for every adult U S Citizen 18+ including the folks who lost their jobs at Lehman Brothers and every other company that is cutting back. And of course, for those serving in our Armed Forces.

If we’re going to do an $85 billion bailout, let’s bail out every adult U S Citizen 18+!

As for AIG – liquidate it. Sell off its parts.

Let American General go back to being American General. Sell off the real estate.

Let the private sector bargain hunters cut it up and clean it up.

Here’s my rationale. We deserve it and AIG doesn’t.

Sure it’s a crazy idea that can “never work.”

But can you imagine the Coast-To-Coast Block Party!

How do you spell Economic Boom?

I trust my fellow adult Americans to know how to use the $85 Billion

We Deserve It Dividend more than do the geniuses at AIG or in Washington DC

And remember, The Birk plan only really costs $59.5 Billion because $25.5 Billion is returned instantly in taxes to Uncle Sam.

Ahhh…I feel so much better getting that off my chest.

Kindest personal regards,

Birk

T. J . Birkenme ier, A Creative Guy & Citizen of the Republic

PS: Feel free to pass this along to your pals as it’s either good for a laugh or a tear or a very sobering thought on how to best use $85 Billion!!

agreed you do not give an alcoholic a drink;you do not loan money to someone that cannot pay you back
its just plain old common sense..

Yes, but…

Whose money was the Bush administration spending when it doubled the national debt to almost 10 trillion dollars over a mere 8 years?

If we had used the same $558 billion we have thusfar spent on the invasion and occupation of Iraq to replace imported oil with alternative energy instead, how much stronger and how much more prosperous would our nation be today?

Instead we’ve squandered the money, set ourselves up to spend trillions more on imported oil, and funded our enemies in the process.

Imported oil currently sucks $700 billion per year directly out of the U.S. economy. Add to that the indirect cost of military spending required to protect our foreign suppliers.

I’d gladly spend our tax dollars to fix that, because the payoff would be both enormous and permanent.

Yep, they’re saying percentage wise, it only ranks fifth.

*thinking*

Was money that can vanished in the blink of an eye actually something real to begin with?

Maybe the drop is a measure of how much real wealth has been stolen and replaced with faery gold…

“I’m a homeowner and have a very successful business.”

I do so admire your head for business.

We have a bridge out here for sale. We just gave it a fresh coat of orange paint. People love it so much that they pay you six bucks just to drive across.

Our representatives from Nigeria will be in touch with you to close the sale.

SHE IS ABSOLUTELY USELESS.

“Useless” is actually too kind.

Blaming everything on Bush, is like so, oh, 2006! They were voted in to do something, it’s been two years, and all they’re doing is BLAMING BUSH. I’d ground my kids for life if they’d done anything like this!

Anyone who seriously believes that putting our country into further debt can somehow save us, is the one with his/her head in the sand. Go read a history book and save the sarcasm for people who are intimidated by it.

Susan

Why don’t you quite blowing bubbles, sweetie?!
HIllary was the first over the moronic display of limp-macho-misogynists running against her, to propose her wise SOLUTIONS for this mess. Incidentally, Susan dearie, if you bothered reading Hillary’s proposal re Home Onwership Loan Corporation a year ago and then read last Thursday’s WASHINGPOST where no less an economist guru than dear Kenneth GALBRAITH, you’ll see that GALBRAITH IN FACT AGREES WITH HILLARY’S CONCEPT OF THE HOLCorp!

So snap out of your dumb typical OBAMYOPIA, sweets that lead you to your current Hillary-hatred dyspespia–and go back to Chicago’s political sewers where your Empty Suit got his training from REzko and Emil Jones, Ayres and hte rest of the thugs….and go talk to Sen. ALICE PALMER for references. That was his mentor, poo poo, and she was an AA (like you) and Bobo Hussein STOLE her election like he did steal the nomination from HIllary!

Then, honeypoop, go watch your beloved moron’s starring role in this youtube mega-hit:

‘OBAMA GIVES HILLARY THE FINGER” — Where your marvelously juvenile, dumber-than-Bush candidate and Odinga’s couz flip-offs, and dusts her off and scrapes her off….
Hell…it’ll make your miserable day, poopie!

That was not sarcasm.

I am mocking you, True Believer.

You know, I was encouraged to buy a house myself. I was told it would be easy, no money down and mortgage assured although my credit wasn’t great.I didn’t go for it. Why? I knew I couldn’t afford it. I couldn’t maintain it.Many people I know did it. They thought their homes were going to be ATM machines and bragged as houses on their block sold for more and more. They bought bigger and more homes and condos. They bought new cars. They stood in line for $600 I-phones. It was obvious that this couldn’t last and the people were counting on wealth that was on paper only. Do we really want to bail out these people too? Not me, sorry. If you bought a home within your means and didn’t run up big credit card debt because you planned to sell your house one day at an enormous profit, you deserve any help that the gov’t can provide, otherwise, you are getting what you deserve. Money does not grow on trees. Its alkways been upside down to me that fatcats who sit behind a desk make alot more money than those who sweat and work hard for a living.

welcome home!

examples please.

Hey Genius, $85 Billion distributed to 200 million workers is $425.00 each, not $425,000 each.

Are you using the same calculator Obama uses for his tax and spend plans?

Barack Hussein Obama could not be in Washington because no telepromters were there