Comments on: Sticks, Carrots And A Failed Bailout

[hjedtyj]

Congress Should Recuse Itself
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September 30, 2008 (LPAC)-- All Congressmen whose personal investments would be affected by the bailout bill should recuse themselves from voting on the plan, in order to avoid a conflict of interest. That alone should be enough to kill the plan.

[dennaberri]

Ensuring "Main Street" is protected
Here''s my bailout proposal...
The Federal government should take the tax payers money to pay off the tax payers high risk mortgages.
The money - current market value of home - would still go to the financial institution where the mortgage is held, which will help them out of their situations.
The Fed. Government could then put a Fed "lien" on the property - again based on current market value. Tax payers could pay off the "lien" every year as an addition to their property taxes. Instead of making 2 payments a year, we could make 4, two of which would go the Fed. Gov.
When the property is sold, the buyer could have the choice of taking over "lien" or taking out a conventional mortgage which would pay off the Fed. %u201Clien%u201D. The seller would only be entitled to the equity.
This bailout would put cash in the hands of the consumer, thereby sparking the economy and hopefully lifting the hiring freeze. CEO%u2019s will not get large bonuses from the checks the government writes and the government will still eventually %u201Cget most, if not all%u201D of the money back.

[klinsoco]

Katie,

Neither the 41,000 lobbyists who know our House of Representatives, our Congresspeople, and the President so very well NOR the House, Congress, or our President represent us taxpayers in any way shape or form.

I, like the majority of Americans, are disgusted with all of them. I believe that we should have NO bailout for any of these failures/CRIMINALS on Wall Street. Yes, "my money/Main Street''s money" is on Wall Street, and yes, so is my parent''s money as they are at retirement age and dealing with issues of their own (i.e. health) at home - I understand that all VERY clearly.

I also understand that Wall Street is NOTHING what it was in 1933 nor is it ANYTHING that it was just 15 years ago.

One more thought - Why doesn''t the House and Congress and the President give an estimated 200 million taxpayers who are over the age of 18 years EACH $3,500.00 (or more, if a "bail-out" is all it takes!) for their individual debt, if those "leaders" of ours truly care about our, the Americans, financial well-being or truly want to spend OUR money to get us out of this mess. Here''s an answer "why", Katie...because those Representatives, those Congress people, that President of ours have all been - other than those who voted AGAINST this package - the puppets of the exact big companies, big lobbyists, and big criminals who need this bailout plan to save their own rear ends....those people care NOTHING about your or me, Katie.

Thanks for all you do, Katie. STAY VOCAL!!!

[hhfarm6]

Pelosi couldn''t get 95 of her own party to vote for the bill. Barney Frank couldn''t get 12 members of his own banking committee to vote for the bill. Blame the Republicans? I don''t think so. Just another example of the failed Democratic leadership. Bush is a failure but these clowns in congress are worse. On the plus side, a majority of the Republicans and 95 Democrats actually listened to the people and did their job of REPRESENTING the people by voting this very bad legislation down. I hope it is dead for good. By the way, yesterday was not anywhere near the worst day on Wallstreet. 777 points was only a 7% drop. Black Monday in 1987 was a 22% drop and we survived that. Also, when is CBS going to report the criminal conflict of interest Sec. Paulson has in this. He is a former CEO of Goldman Sacs. Goldman Sacs has 20 billion invested in AIG. They were in the bailout meeting for AIG. And we are suppose to trust this guy with 700 billion to save "us"??? I think not!!!

[vmroad089]

I would hate to interfere with the markets while they are adjusting to the terrible policies Bush has been enacting. No Republican will admit that, but as I see it, it is true.

What needs to be done, is responsible oversight of the bailout with absolutely NO HIGH CEO payoffs at end of year. Can anyone think of a reason why the American taxpayer would want a CEO to walk away with a huge package after what they have done? This is the issue. ABSOLUTELY NO CEO BUYOUTS, PAYOFFS OR GOLDEN PARACHUTES! LET THE BANKS FIGURE THIS OUT AS FAR AS THEY CAN! LET THE MARKETS ADJUST. NO WALL STREET BAILOUT!

[citizenproud]

Wall Street Bailout Suggestion: This morning a viewer presented a new idea to help the economy......Our government wants to give 700 billion dollars to wall street and have tax payers pay the price. Why don''t they give every tax paying American a one million dollar stimulous check out of the 700 billion? This would only be 300 million dollars. Then require each tax paying American to pay off debts ie..mortgages, credit cards, etc. In addition, they would have money to spend (which would stimulate the economy) and money to save & invest which would help the banks and wall street. The viewer who presented this was a genious and I don''t know who he is. I would vote for him for President!

[ratherbias]

Is there a single person at CBS who isn''t pushing Obama and Panning Palin and McCain?

Just one. There obviously isn''t on on the TV or blogs. Maybe a janitor?

Pelosi can''t even get her own party to vote for the bailout and they have the MAJORITY. If she had kept her mouth shut it might have passed. Maybe Katie should have played that up.

Why Republicans lower themselves to speaking to Couric and Crew is beyond me.

[margaret289]

Check your facts. Pickering is from Mississippi.

[drjack0040]

I am very concerned with the direction the country is going and especially worried about the trend in this election cycle. The economic condition is getting worse and failure of both parties is pushing us to the brink of collapse. Raising taxes will surly push us over the edge. Here is a sample headlines if Obama Wins,

BREAKING NEWS
Americans read of Obama''s victory while standing in soup line across the country while the depression expands beyond our boarders. Unemployment reachs 20%.

[lstone65]

Katie- your comments on tonight''s newscast about the failed bailout today were so BLATANTLY obvious that you blame the Republicans for today''s failed decision. I thought you were supposed to be an UNBIASED reporter and not pushing your pro-Democrat spin down the public''s throat. Your question to Boehner was downright rude and disrespectful. You should turn that question back on yourself- what is your problem? The Republicans are listening to the millions of angry American citizens, including myself, that don''t want the first thing that is quickly, and mind you I say sneakly being attempted to be passed by us before we have a chance to review what we are signing off on. If any party is being deceitful, it is your obvious party of choice the Democrats, that are trying to sneek in a lot of unnecessary garbage, all in the ruse of trying to save our failing economy.