Comments on: Historic Financial Rescue Bill Approved

President Bush Signs Complex And Highly Criticized $700B Package After It Clears Congress

[txgrouch2006]

Of course, HILLARY CLINTON and JOHN KERRY joined Boxer, Feinstein, and Dodd to vote FOR the bailout in the Senate.

So did Obama, Biden, and JOHN MCCAIN.

The WHOLE HEE HAW GANG is in on it (sorry, Hee Haw).

[Renegade.Rivers]

It just figures that the party that destroyed the economy the Republicans, are the people fighting the rescue plan.

I would have thought Hoover politics died after the depression but I guess not.

Posted by presjfk

prezjfk,

Your comment using the name your are using is disconcerting, because having lived through the JFK years, and his tragic death; I am sure were this his administration, he would have had Robert investigating Wall Street''s with a fine tooth comb over this debacle instead of expecting the American taxpayers to bail them out. I don''t believer that he would have ever ask for a bailout package of a comparable proportions under any circumstances, and expected the American taxpayer to foot the bill.

Secondly you blame the Republicans for this debacle, but in truth their is plenty of blame to be heaped on both parties. Your attempt at partisan politics sounds painfully like the comments that Pelosi made before the last vote in the house. While I have voted at one time or another for a Democrat, I am an Independent and appalled that the Democrats have become the party of "no blame," when in fact they are as deep into this debacle the Republicans are. When will the Democrats ever be willing to accept their part in this debacle, and strive for real solutions instead of pork and arrows politics.

[txgrouch2006]

BOTH of my state Senators said they would vote against the bailout, or they would require changes.

BOTH VOTED FOR IT.

They''re both OUT on my ballot in November.

[t_barr]

http://market-ticker.denninger.net/archives/596-The-TRUTH-About-The-Bailout.html

From an interview with Rep Sherman D-Cal on CNBC
''Hundreds of billions of dollars are going to bail out FOREIGN INVESTORS. They know it, they demanded it, and the bill has been carefully written to make sure that can happen.''

''Notice that conspicuously missing from the definition is the requirement that the asset''s underlying thing (The property that was mortgaged, etc) lies within the US. Also note that Treasury must tell Congress if they add ''new types'' of debt, but that Congress has no right of review or censure.

It is perfectly legitimate under the bill for a foreign bank to sell or swap any c r a p sandwich it may hold (irrespective of how or where it originated, so long as a mortgage is the basis for it somewhere) with a bank domiciled in the US, and said bank may then ''PUT'' it into the TARP.

Note also that Rep Sherman said on Kudlow last night that when this was raised with Sec Paulson he was told that if Congress tried to restrict the ability of the Sec to purchase assets laundered in this fashion from foreigners, that the bill would be vetoed.''

This is pure Bulls h i t. Carefully crafted BS, sold to We the People by Bush, Paulson, etc. repeatedly saying that this bill is about a ''rescue'' of Main Street, not Wall Street. It is neither about Main Street or even about Wall Street. It''s designed to bail out foreign investors.

Watch the Video at the link, it explains it much better.

[txgrouch2006]

TERM LIMITS ON THE PRESIDENT IS UNCONSTITUTIONAL.

The constitutional amendment imposing term limits on the President is unconstitutional because it is unequal treatment.

Term limits must apply to ALL elected members of the federal government.

The Supreme Court should rule that the term limits amendment must apply to ALL MEMBERS OF CONGRESS, in addition to the President.

[txgrouch2006]

THE PEOPLE''S DECLARATION OF INDEPENDENCE from OUR OWN GOVERNMENT.

Congress - Mr. President - YOU''RE ALL FIRED!!!!

To be enforced AT THE VOTING BOOTH in just a few weeks.

DECLARE YOUR OWN INDEPENDENCE - it''s now or NEVER!!!

[txgrouch2006]

TERM LIMITS FOR ALL MEMBERS OF CONGRESS.

Enforced by VOTERS AT THE VOTING BOOTH, if necessary.

Can we write a petition TO OURSELVES????

Wow, the people taking their government into their own hands instead of expecting the government to do it for them. WHAT A CONCEPT!!!

[txgrouch2006]

The U.S. economic outlook darkened further last month as companies shed workers at the fastest pace in more than five years.
Posted by Hacker11001 at 09:20 AM : Oct 03, 2008

And it''s just starting. When businesses can''t get credit, more business will shrink or shut down. That means CONTINUING JOB LOSSES for the INDEFINITE FUTURE.

[downtowner97]

I read a report from the FDIC last spring that said 151 institutions were in imminent danger of collapse. I am sure the number is much higher. The first seven of those institutions have collapsed, and we''re throwing this abscene amount of money at them. What about the other 100+ institutions? Will they get bailed out too? At what expense?

[txgrouch2006]

why aren''''t all the executives that caused this being held accountable?
just make the middle class pay and let the rich get richer.
Posted by GrabAndGo at 10:06 AM : Oct 03, 2008

Exactly. That''s why I say NO BAILOUT.

Let''s let the wealthy fat cats feel the pinch like THE REST OF US WILL with or without the bailout.

All the bailout will do is shield the MEMBERS OF CONGRESS from their own recklessness.

NO BAILOUT! Just say NO to this conflict of interest for Congress.

[simplemind2]

Just say "No" to bailout.
And "No means No"!

[txgrouch2006]

Food Riots Coming to America?
Posted by Hacker11001 at 09:23 AM : Oct 03, 2008

Why do you think a platoon of the U.S. Army has been deployed for "Homeland Security???"

BTW, one platoon won''t be enough. But it''s a start.

[txgrouch2006]

I would have thought Hoover politics died after the depression but I guess not.
Posted by presjfk at 09:03 AM : Oct 03, 2008

I would have thought partisan garbage like your post would have died out now that our nation is on the brink of catastrophe.

But I guess some individuals are STILL so immature that all they want to do is wag their faces and taunt their political rivals, even in the face of disaster.

So much for "UNITED WE STAND..."

[vivekgee]

It is foregone conclusion that the bill will be passed and you will again see oil risig through the roof. Get ready to pay more for oil.

[presjfk]

It just figures that the party that destroyed the economy the Republicans, are the people fighting the rescue plan.

I would have thought Hoover politics died after the depression but I guess not.