Poll: U.S. Concerned But Split On Bailout

CBS News Survey Shows That Americans Fear Effects Of Financial Crisis But Are Not Convinced Bailout Plan Is The Solution

(CBS)  While Americans fear that the current financial crisis has far-reaching effects for the nation as a whole, they are split over whether the current bailout plan is the answer, according to a new CBS News poll.

Meanwhile, the approval ratings for both President George W. Bush and Congress have plummeted to historic lows.

Click here to read CBS News' new poll on the presidential race, which shows Obama with a nine-point edge.

Americans overwhelmingly see the financial crisis as hurting everyone, with 92 percent saying it hurts the nation as a whole. Just 39 percent, however, say the bailout would help everyone, while more than half of those surveyed think it would help only Wall Street.

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Read The Complete Poll

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Americans are cautious about any rush to pass legislation to deal with the economic crisis. Fifty-five percent say they are concerned that Congress will act too quickly, while 40 percent say they are concerned Congress won’t act soon enough. More than half say they prefer that Congress take longer than a few days to work out a plan. But desire for Congress to act may be growing: People interviewed in the last two days, after the stock market’s drop Monday, were slightly less patient than those interviewed last weekend.

Respondents are split over whether the government, in principle, should provide money to financial institutions. Forty-three percent say it should do so, while the same percentage says it should not. A slightly higher percentage, 60 percent, says the government should provide help to struggling homeowners; 35 percent say it should not. And 53 percent say they believe the bailout bill would be a burden on taxpayers, while just 34 percent said it would stop a collapse of the U.S. economy.

When it comes to the presidential election, neither candidate wins majority approval for their role in this crisis. But more see Barack Obama as having a plan, and he gets better marks than John McCain. Forty four percent approve of Obama’s handling of the crisis while 35 percent approve of McCain’s.

Obama is more likely to be seen as having a plan for dealing with the crisis, by a margin of 55 percent to 49 percent. But on the broader issue of the economy, neither candidate has gained ground since last week’s presidential debate. Obama still holds a relative lead over McCain, with 26 percent very confident in Obama on the economy and 15 percent very confident in McCain. Thirty nine percent say they are not confident in Obama’s ability to handle the economy while 50 percent say the same of McCain.

The economy remains the most important issue among registered voters in deciding their vote in November, and it is only becoming more important to them. Now 59 percent of voters name the economy and jobs as their top issue, seven points higher than last week and 19 points higher than in August.

Just 15 percent of Americans approve of the way President Bush is handling the economy, while 78 percent of Americans disapprove. Even a majority of Republicans disapprove of the President’s handling of this issue.

Overall, the president’s approval rating has dropped five points from last week and is now the lowest of his presidency. Only 22 percent of Americans approve of the job he’s doing, while 70 percent of Americans disapprove - a new high.

President Bush’s job approval rating has dropped 68 points from its all time high of 90 percent back in October, 2001. It now matches Harry Truman’s previous all-time low, recorded by Gallup in February 1952. The 70 percent disapproval rating is higher than any measured since Gallup began asking about presidential job approval in 1938.

The job approval for Congress is even lower. Only 15 percent of Americans approve of the way Congress is handling its job - the lowest figure recorded since CBS started asking the question in 1977. Seventy two percent disapprove.

Only about one in four Americans approve of how either the president or Congress is handling the current financial crisis. And Americans are more pessimistic than ever about the state of the economy. Eighty nine percent say the economy is either fairly or very bad while just 10 percent say it is somewhat good, the lowest such percentage ever recorded by CBS News. Zero percent say the economy is very good.

And 76 percent of Americans think the economy is getting worse - the highest percentage ever. Only 2 percent think the economy is getting better, while one in five thinks it is staying the same.
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This poll was conducted among a random sample of 1257 adults nationwide, including 1113 registered voters, interviewed by telephone September 27-30, 2008. Phone numbers were dialed from RDD samples of both standard land-lines and cell phones. The error due to sampling for results based on the entire sample could be plus or minus three percentage points. The error for subgroups is higher.

NO BAIL SEND THEM TO JAIL!

He is what I have uncovered:

Look at the below link from the Federal Reserve:

It is a spread sheet (csv) that has the interest rates charged to businesses over the last 200 + days you will see that currently they are higher in some categories but in comparison to other peeks they are still in a normal range of flux, indicating that banks are still making loans to credit worthy businesses and those businesses will continue to make payroll and etc due to banks lending to them.

http://www.federalreserve.gov/datadownload/Output.aspx?rel=CP&series=593ce926936cbd64b3c79b960a792b85&lastObs=270&from=&to=&filetype=csv&label=include&layout=seriescolumn&type=package http://www.federalreserve.gov/datadownload/Output.aspx?rel=CP&series=593ce926936cbd64b3c79b960a792b85&lastObs=270&from=&to=&filetype=csv&label=include&layout=seriescolumn&type=package

As long as the government is supporting a few big banks and keeping them a float short term loans will continue to be made and we will continue or daily lives..

We do not need a bail out! !PERIOD!

[upto1947]

The only peopel for this bailout are DUMB DUMB DUMB and idiot idito idiot. Thay is ALL of YOU who are for this BS. I hope you all go broke and die. You and every one you care for. Plus pay my tax you big fat idiot.

[edward1975-2009]

These polls are false as you can see. Just read the blogs at the end of any article about this bailout and Americans don''t want it. Who are they trying to kid. The people are smart to see through this bailout and realize it is a joke and will not solve anything, other than put monies in pockets of CEO''s who were making millions in salaries and millions in stocks, running their businesses in the ground. And now want a handout from the taxpayers. And so far the answer from the people has been a resounding NO!

[irishmail42]

To: negro-vote--

My observation of your observation:

SICK, SICK, SICK!!!

[tbuontempo]

I do not buy for one minute the press''s attempt to get the American people to support this bail out. I have seen articles all week implying the American people have changed our mind on this issue. WE HAVE NOT NO TO THE BAIL OUT. Even with the fall of the market on Monday, most of us do not have the amount of money in the market to care. CBS''s poll question, HOW LONG SHOULD CONGRESS TAKE TO PASS A BAILOUT BILL? is loaded. CBS did not ask should it pass, but how long. This is propaganda on the part of CBS. This is why the American Press is rated so low in the world. CBS''s question gives the answer the corporatist want. Not do we the people want the bailout, but when do we want it. Good try CBS, but the Soviets beat you to this type of propaganda.

It is now being reported that Congress has shut down its email because the calls and emails are 2000 to 1 against the bail out. 2000 to 1!!!!!!

This is fascism.
And by the way, I am a liberal.

[tbuontempo]

I do not buy for one minute the press''s attempt to get the American people to support this bail out. I have seen articles all week implying the American people have changed our mind on this issue. WE HAVE NOT NO TO THE BAIL OUT. Even with the fall of the market on Monday, most of us do not have the amount of money in the market to care. CBS''s poll question, HOW LONG SHOULD CONGRESS TAKE TO PASS A BAILOUT BILL? is loaded. CBS did not ask should it pass, but how long. This is propaganda on the part of CBS. This is why the American Press is rated so low in the world. CBS''s question gives the answer the corporatist want. Not do we the people want the bailout, but when do we want it. Good try CBS, but the Soviets beat you to this type of propaganda.

It is now being reported that Congress has shut down its email because the calls and emails are 2000 to 1 against the bail out. 2000 to 1!!!!!!

This is fascism.
And by the way, I am a liberal.

[tbuontempo]

I do not buy for one minute the press''s attempt to get the American people to support this bail out. I have seen articles all week implying the American people have changed our mind on this issue. WE HAVE NOT NO TO THE BAIL OUT. Even with the fall of the market on Monday, most of us do not have the amount of money in the market to care. CBS''s poll question, HOW LONG SHOULD CONGRESS TAKE TO PASS A BAILOUT BILL? is loaded. CBS did not ask should it pass, but how long. This is propaganda on the part of CBS. This is why the American Press is rated so low in the world. CBS''s question gives the answer the corporatist want. Not do we the people want the bailout, but when do we want it. Good try CBS, but the Soviets beat you to this type of propaganda.

It is now being reported that Congress has shut down its email because the calls and emails are 2000 to 1 against the bail out. 2000 to 1!!!!!!

This is fascism.
And by the way, I am a liberal.

[tbuontempo]

I do not buying for one minute the press''s attempt to get the American people to support this bail out. I have seen articles all week implying the American people have changed their mind on this issue. WE HAVE NOT NO TO THE BAIL OUT. Even with the fall of the market on Monday, most of us do not have the amount of money in the market to care. CBS''s poll question, HOW LONG SHOULD CONGRESS TAKE TO PASS A BAILOUT BILL? is loaded. CBS did not ask should it pass, but how long.

This is propaganda on the part of CBS. This is why the American Press is rated so low in the world. CBS''s question gives the answer the corporatist want. Not do we the people want the bailout, but when do we want it. This is simply propaganda on the part of large financial interests.

It is now being reported that Congress has shut down its email because the calls and emails are 2000 to 1 against the bail out. 2000 to 1!!!!!!

And by the way, I am a liberal.

[timesupreps]

Facts: Look up tax history back to 1913. Republicans were in charge before and during the Great Depression (1929-1933). From 1922 The republicans had the tax bracket for the very rich at 25%. This was like that from 1924- 1932 when FDR (Franklin Delanore Roosevelt, DEMOCRAT) changed the tax code to 63% for the upper income earners in order to pay for social infrastructure programs to get people back to work (Unemployment 1929-1933 was 25-30%, after FDR by 1936 15%). Look it up it is all in the records. Socialism and taxes on the rich to fund them for roads, bridges, military, dams all put people to work and brought our nation out of the Great Depression. Also look at what caused and happened during the Great Depression. BANKS and FINANCIAL Institutions collapsed and the stock market and investors lost everything on Wall Street. By 1929 industry had slowed way down and credit dried up. SOUND FAMILIAR. See history is repeating itself. THE BAIL OUT IS A JOKE. WE NEED OBAMA TO TAX THE RICH AND START GOVERNMENT INFRASTRUCTURE PROGRAMS (JUST AS FDR DID) IN THE FORM OF ALTERNATIVE ENERGY RESEARCH AND INFRASTRUCTURE AS WELL AS ROADS AND BRIDGES. WE WILL BE ABLE TO EMPLOY PEOPLE AND ONCE AGAIN PULL OURSELVES OUT THE TERRIBLE MESS THE REPUBLICANS HAVE REPEATED ONCE AGAIN.. IF YOU DO NOT BELIEVE, DO THE RESEARCH YOURSELF.

OBAMA/BIDEN 08''

[tbuontempo]

I do not buying for one minute the press''s attempt to get the American people to support this bail out. I have seen articles all week implying the American people have changed their mind on this issue. WE HAVE NOT NO TO THE BAIL OUT. Even with the fall of the market on Monday, most of us do not have the amount of money in the market to care. CBS''s poll question, HOW LONG SHOULD CONGRESS TAKE TO PASS A BAILOUT BILL? is loaded. CBS did not ask should it pass, but how long.

This is propaganda on the part of CBS. This is why the American Press is rated so low in the world. CBS''s question gives the answer the corporatist want. Not do we the people want the bailout, but when do we want it. This is simply propaganda on the part of large financial interests.

It is now being reported that Congress has shut down its email because the calls and emails are 2000 to 1 against the bail out. 2000 to 1!!!!!!

And by the way, I am a liberal.

[tbuontempo]

I do not buying for one minute the press''s attempt to get the American people to support this bail out. I have seen articles all week implying the American people have changed their mind on this issue. WE HAVE NOT NO TO THE BAIL OUT. Even with the fall of the market on Monday, most of us do not have the amount of money in the market to care. CBS''s poll question, HOW LONG SHOULD CONGRESS TAKE TO PASS A BAILOUT BILL? is loaded. CBS did not ask should it pass, but how long.

This is propaganda on the part of CBS. This is why the American Press is rated so low in the world. CBS''s question gives the answer the corporatist want. Not do we the people want the bailout, but when do we want it. This is simply propaganda on the part of large financial interests.

It is now being reported that Congress has shut down its email because the calls and emails are 2000 to 1 against the bail out. 2000 to 1!!!!!!

And by the way, I am a liberal.

[tbuontempo]

I do not buying for one minute the press''s attempt to get the American people to support this bail out. I have seen articles all week implying the American people have changed their mind on this issue. WE HAVE NOT NO TO THE BAIL OUT. Even with the fall of the market on Monday, most of us do not have the amount of money in the market to care. CBS''s poll question, HOW LONG SHOULD CONGRESS TAKE TO PASS A BAILOUT BILL? is loaded. CBS did not ask should it pass, but how long.

This is propaganda on the part of CBS. This is why the American Press is rated so low in the world. CBS''s question gives the answer the corporatist want. Not do we the people want the bailout, but when do we want it. This is simply propaganda on the part of large financial interests.

It is now being reported that Congress has shut down its email because the calls and emails are 2000 to 1 against the bail out. 2000 to 1!!!!!!

And by the way, I am a liberal.

[hypnotoad72]

I am an independent who often believes in many liberal causes and I am for the bailout.

I''m not entirely fond of the idea, but when Democrats AND Republicans spend hours upon hours to hammer out a reasonable bill, there''s bound to be a good reason. They might be privy to some significant information, not to mention how much money was lost that Monday. Many will be cynical and say "Lobbyists". How do you know there''s not more to the issue? And what evidence do you really have, either way, to prove it?

Even the Republican who said Pelosi was politicizing the issue, hence most of the R''s voting "No" changed his mind.

I think it goes deeper than that...

But if we are a global economy, then surely Europe and every other country participating in the Global Economy should do their part instead of letting the US pitch in all $700 Billion on its own... That''s where I''m confused, but I know I don''t have all the details.

[ofbyfor2]

The comments here reaffirm my belief that our education system needs to bring back required classes in civics and economics.

Democracy cannot run on ignorance and we need citizens who have at least a basic understanding of how our government and our economic systems function.

No wonder they''re both broken...[sigh]

[kansas1946]

Anytime you have Barack Obama agreeing with John McCain agreeing with George Bush agreeing with Harry Reid agreeing with Mitch McConnell, I think we better listen.

[tbuontempo]

I do not buying for one minute the press''s attempt to get the American people to support this bail out. I have seen articles all week implying the American people have changed their mind on this issue. WE HAVE NOT NO TO THE BAIL OUT. Even with the fall of the market on Monday, most of us do not have the amount of money in the market to care. CBS''s poll question, HOW LONG SHOULD CONGRESS TAKE TO PASS A BAILOUT BILL? is loaded. CBS did not ask should it pass, but how long.

This is propaganda on the part of CBS. This is why the American Press is rated so low in the world. CBS''s question gives the answer the corporatist want. Not do we the people want the bailout, but when do we want it. This is simply propaganda on the part of large financial interests.

It is now being reported that Congress has shut down its email because the calls and emails are 2000 to 1 against the bail out. 2000 to 1!!!!!!

And by the way, I am a liberal.

[tbuontempo]

I do not buying for one minute the press''s attempt to get the American people to support this bail out. I have seen articles all week implying the American people have changed their mind on this issue. WE HAVE NOT NO TO THE BAIL OUT. Even with the fall of the market on Monday, most of us do not have the amount of money in the market to care. CBS''s poll question, HOW LONG SHOULD CONGRESS TAKE TO PASS A BAILOUT BILL? is loaded. CBS did not ask should it pass, but how long.

This is propaganda on the part of CBS. This is why the American Press is rated so low in the world. CBS''s question gives the answer the corporatist want. Not do we the people want the bailout, but when do we want it. This is simply propaganda on the part of large financial interests.

It is now being reported that Congress has shut down its email because the calls and emails are 2000 to 1 against the bail out. 2000 to 1!!!!!!

And by the way, I am a liberal.

[bailmeout1]

This is propaganda on the part of CBS. This is why the American Press is rated so low in the world. CBS''''s question gives the answer the corporatist want. Not do we the people want the bailout, but when do we want it. This is simply propaganda on the part of large financial interests.

That is 1000% true! There is no way this bailout bill is anywhere clost to what they say it is. Everyone I talk to is ready to be up in arms on this! CBS, just close your doors! You are an embarressment.

[praiseallah1]

The Bailout Tick you off too?

Do something about it before it''s too late! Email your Senator and Congressman and DEMAND they vote NO to Bush''s $700 Billion Bailout to Wall Street Firms! We taxpayers already paid Billions in bailouts for AIG, Bear Stearns and others firms and the market is still whole. Now Politicians come on TV saying the same rehearsed talking points to SELL this fraud to Mainstreet but if it''s so DIRE than WHY are leaders adding Billions in wasteful Pork to the Bill?!

[iphyt4u]

America is guided by some solid principles. One is the dividion between church and state. The other is a concept from the french called laizze faire or hands off policy. This refers to keeping government out of business. We as a nation carry out this policy as ameans of preventing favoritism within the business ranks. If not our government could arbitrarily destroy businesses at their will. The bail out is simply unamerican. We as a nation have already spent $800 billion in Iraq. We can not bail out millionaires with tax dollars.

[staplesla]

Remember that even if this is approved, the House must pass it as well. Don''t stop letting your voice be heard.

Call your Congress member at [phone], or send an email through either of these sites - www.votenobailout.org or www.visi.com/juan/congress

[linymo]

RISE UP AMERICANS and vote the scum out of office who bail out WALL STREET. They are liars of the worst kind(Obama, McCain, Bush, Paulson, Pelosi, Reid and the rest). They feed you the line that it is about your 401k, student loans and credit for small business but that is a *** lie of historic porportions---it is to line their fat cat wall street buddies pockets after they screwed up and YOU and your Children will pay dearly for the bottom feeders who sold you out. Rise up and throw all the bums out who vote for it.

[ubrew12]

timesupreps said: "Socialism and taxes on the rich to fund them for roads, bridges, military, dams all put people to work and brought our nation out of the Great Depression. "

30 years after Reagan cut taxes: the Am Society of Civil engineers graded American infrastructure: D-!!!

They estimate it would take $1.6 trillion IMMEDIATELY just to bring American infrastructure (sewers, bridges, dams, levees, power lines) UP TO CODE!!!!

Supply-side economics: how to fund Chinese clothing, Big Macs, SUVs, monster homes, and obesity by cra*ping on the REAL investments that secure Americas energy independence and can take us, as a nation, into a future: rural electrification, healthcare, bridges, power plants, alternative energy, and all the other boring things that Americans take for granted (if they exist) or are deeply suspicious of having that ''big government, liberal cast'' (if they don''t).

[txgrouch2006]

We ordinary folks are going to suffer with or without this bailout.

Without the bailout, the fat cats would suffer, too.

So either we can ALL suffer, or ONLY WE can suffer and spare the wealthy who CAUSED this mess.

I vote for ALL suffer.

NO BAILOUT!

[munichtexan]

I can see now that I will vote NO for Senators Obama, McCain, Biden, Hutchinson and Cornyn, I am so disappointed that they run around crying that the "sky is falling" instead of doing the real job of reducing the use of foreign oil and bringing jobs and dollars back to the United States.

I do not swallow the sugar coating they have placed on this rape of America aka - financial bailout of their buddies on Wall Street. We on main street know when something stinks!

[toobigtofail]

i am a local politician

i talk to people everywhere i go and ask their opinion

have talked to several dozen folks about the bailout and i have yet to hear one person say they are in favor.

the average person will pay for this bailout of the rich by the ravages of inflation, and taxes which will decrease benefits and wages for decades to come.

[ejtent]

I understand that some type of bailout is inevitable,however,I think that there should be an agreement that there will be NO MORE severence packages and NO BONUS packages!!!It is the least that the perpetrators can give to fix THEIR mess. I am certain that the American people will be behind that and it will pass in the House!

[kecc1]

I''m disgusted by the bailout ... why do we keep rewarding bad behavior in this country? In this case, those who gave out risky loans with the hope of high profit should suffer the consequences. Taxpayers should not have to bail out these businesses. Politicians who spend their time pandering to the masses for votes, protecting their rich friends, and endlessly point their fingers at members of the other party should be voted out of office!

[azcred1]

We The People can not afford health care or medicine for all of the people. The VA hospitals are not fit to care for our veterans - eventhough they give life and limb for freedom for Americans and Non Americans alike. FEMA can not help our own disaster victims. The elderly can not depend on the country they have pledged their aligence to for food and shelter in their remaining years. But suddenly there is $800B to feed the Greed that is Wall Street. FDR put safe guards in place to prevent this. Safe guards don''t help if you ignore them. If you do not learn from your mistakes you are doomed to repeat them. You will not learn if someone else keeps paying for your mistakes.

[lochlan-2009]

The real amazing thing about the bail out is how blatantly it shows Americans how much the oligarchy have control of our media. I have yet to hear ONE person in favor of this bail out (not including blog trolls). NOT ONE PERSON I''V TALKED TO IS IN FAVOR OF THIS BAIL OUT!!!! Yet, the news agencies are saying 48% of people are in favor. If you can''t see the media are bought and payed for to control and manipulate the people through their propaganda, you are a lost soul. This is as transparent as it gets. America is lost.

[david393071]

are you putting a spin on the polls? Most polls, comments, messages sent to the house and senate, SAY NO BAILOUT, over 63%, that is the Majority, end of bs.

NO BAILOUT, NO MEANS NO.

[david393071]

As sent to house and senate:

NO BAILOUT

Since you do not understand. NO MEANS NO. NO BAILOUT.

This is what you are doing, have done, and are not doing.

We caught a bunch of crooks in the act of robbing our house, they tortured,raped and killed our spouse, raped our young daughters and sons, killed our dogs and cats, crapped on our floor, they admitted that they did this.

NOW YOU ARE TELLING US TO LET THEM GO, HELP THEM LOAD UP A TRUCK WITH OUR PROPERTY, AND GIVE THEM OUR WALLETS AND LIFE SAVINGS, ARE YOU OUT OF YOUR MINDS?

We need to have anyone dealing with this, accompliances, arrested sent to Guantanimo indefinitely, tried by Military Tribunal, just like the Treasonous Domestic Terrorists that they are, under the Patriot Act.

They accomplished what the 911 Terrorists could not do, "US Economic Crisis", "Pearl Harbor of the US Economy" according to Warren Buffet, "Global War Against Terrorism" per George Bush.

NO BAILOUT. Lynch them. especially those corporate board members that think we don''t know that they bought out Politicians and think they are above the law.


Our allies (Japanese, Germans, British, etc), think this bailout is a bailout of the Corporate Board Members that caused the US Economic Crisis. No punishment means NO CONFIDENCE IN US Political System, US Economy by our Allies.

[cbsblogger]

Of course the BAILOUT picks up steam. The people that will benefit and have put us into this major bind, own the media, Wall Street and Congress AND are over represented themselves in Congress. They are the ones who are obsessed with lending money and making and taking interest from Americans and our government.

Loose CREDIT is what has put us into huge mess. CREDIT needs tightened up and we need to bite the bullet.

America needs to flush its credit culture down the toilet along with those that thrive on making money from it. We will be in a major recession next year and the year after regardless of the bailout. The bailout just makes it longer and deeper and rewards those who created it.

[lawyertom1]

What is really, really troubling is that the SEC decided today to allow banks to cook their books by not listing assets at their market value [mark to market is the term of art], but at some theoretical value that is nothing more than a SWAG [super wild gluteus guess]. Are we becoming a banana republic, or what?

[brianbwb-2009]

The politicians are also lying, saying that the public is now at an even split as far as communications with them are concerned, so for everyone posting on this topic, get ten of your friends to contact the house members, and have them get ten of their friends to do likewise.

Tell them their "yes" vote on this = a "no" vote for them come election time.

[spiritwalk]

What is the breakdown of the vote re: this election?
2/3 of the Senate is not up for re-election this year and can hope people forget about their vote in the next couple of years. So how many of those who are up for re-election this year voted for the bailout?

[gmcnally2]

Wow. Lots of stats to say a majority does not want this. Time for the democratic process to shine. Let Obama deal with this. Wait a frew months. The sun will always rise tomorrow just like it always has. Bush has zero credibility.

[craigh9]

The whole country is enraged that we need a $700B bailout - so our wonderful politicians decide its in our best interest to inflate that by an additonal 15% to "sweeten" the deal. What a bunch of idiots.
I call on the american people to cast every vote they have over the next 6 years AGAINST EVERY CURRENT MEMBER OF CONGRESS. Don''''t even think about an individuals competency, just replace them all.
The ONLY chance we have to get out of this mess is to eliminate every single politician that have shown themselves completely unable to function for the good of the country - it always starts with "what''''s in it for me" or how can I twist a horrific situation for US citizens into political gain for myself.
GET RID OF EVERY ONE OF THEM.

[hologram5]

Write your congressman, tell them that if they vote in favor of this they will be replaced. We should not have to bail out the fat-cats on wall street. They have enough money, they don''t need more. Let them fail!! This will kill main street in the long run.

[h5mind]

The ludicrous notion that a substantial portion of Americans support the Wall Street money grab is false. Real-world observation by those not part of the corporate media peg the true public sentiment at anywhere from 100-1 to 300-1 against the bailout, even with the billons in additional pork recently added. The White House and Congress have disabled their email servers and switchboards to better ignore the millions of enraged taxpayers shouting a collective ''NO!''. We cannot dig ourselves out of an inflationary hole by printing more money, or borrowing it from the Chinese. Our country is BROKE. Where are the strident calls for drastic cuts in spending at the Pentagon, in farm subsidies, in special inteest pork barrel projects? These jokers in Washington should be walking to work to set an example. Better yet, maybe they should just stay home, and tell their criminal buddies at the Fed to do the same. Their services are no longer needed.

[spiritwalk]

What is this story that the Senate Bill contains a provision for $150 million for "children''''s wooden arrows"?

I know that politician''''s add pork to bills, but this can''''t be true can it? That would be so insane to do that I want to say that it must be untrue. Is it?

That would be such a slap in the face to the people that they should march with torches burning to the office of whoever did it and drive them out of Washington before sunset.

[spiritwalk]

What I have been able to ferret out is that the Senate Bill contains riders for $200 million in tax breaks for..

manufacturers of children''s wooden arrows
Puerto Rican rum distillers
wool research
& auto race track construction

This is obscene and these people need to be driven out, not voted out of Washington.

[observantx]

Dear Representative (insert name here):

Do you want to take money from me that I worked very hard for and give it to millionaires who bribed you to gut financial regulations, and then who gambled on risky shell game deals and ended up with worthless subprime mortgage backed paper?

If so:

Go ahead.

Make.

My.

Day.

See you on November 4th. In the polling booth.

Buh-bye!

[godseyesore-2009]

Warren Buffett was on Charley Rose last evening and did a good job of explaining how this plan will work and why it is a good idea...mainly that it is an investment rather than a give away, one which has a high odds of profitable return to treasury and ultimately the taxpayer. Buffett is the most successful investor in history and said that if it were possible he would take a monetary stake in the plan. That says it all.

[trillion1]

This is what years of voting for incumbents has gotten us.

[craigh9]

The whole country is enraged that we need a $700B bailout - so our wonderful politicians decide its in our best interest to inflate that by an additonal 15% to "sweeten" the deal. What a bunch of idiots.
I call on the american people to cast every vote they have over the next 6 years AGAINST EVERY CURRENT MEMBER OF CONGRESS. Don''t even think about an individuals competency, just replace them all.
The ONLY chance we have to get out of this mess is to eliminate every single politician that have shown themselves completely unable to function for the good of the country - it always starts with "what''s in it for me" or how can I twist a horrific situation for US citizens into political gain for myself.
GET RID OF EVERY ONE OF THEM.

[jtdev1]

Warren Buffett was on Charley Rose last evening and did a good job of explaining how this plan will work and why it is a good idea...mainly that it is an investment rather than a give away, one which has a high odds of profitable return to treasury and ultimately the taxpayer. Buffett is the most successful investor in history and said that if it were possible he would take a monetary stake in the plan. That says it all.


--------------------------------------------------------------------------------

Posted by godseyesore at





It''s all based on the same theory: "Trickle Down"


The Taxpayer might get some in the end. So far, NONE of the "Trickle Down" has ever trickled down to the end as stated. Nothing at all...

Us Tax payers will end up holding the bag on this one.

Now, if they wrote in the bill that NO BANK OR INSTITUTION WILL HAVE ANY PROFITS UNTIL THE MONEY IS PAID BACK - WITH INTEREST. then I''m all for it...

but I bet you wouldn''t ever find that language in the bill...

another thing: I bet once it does pass and we buy up all the garbage debt, that our stocks won''t bounce back and it won''t be easier to get credit. The banks will not loan money anywhere near where they used to...

We''re still F''d and a lot poorer

[craigh9]

The whole country is enraged that we need a $700B bailout - so our wonderful politicians decide its in our best interest to inflate that by an additonal 15% to "sweeten" the deal. What a bunch of idiots.
I call on the american people to cast every vote they have over the next 6 years AGAINST EVERY CURRENT MEMBER OF CONGRESS. Don''t confuse the issue thinking about an individuals competency or that of the replacement, just replace them all.
The ONLY chance we have to get out of this mess is to eliminate every single politician that have shown themselves completely unable to function for the good of the country - it always starts with "what''s in it for me" or how can I twist a horrific situation for US citizens into political gain for myself.
GET RID OF EVERY ONE OF THEM.

[armydog2]

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[newsjunky5]

We just showed that supply-side economics and the trickle-down theory doesn''t work. AGAIN.

Send a bailout to struggling homeowners so they can pay the bank, or buy gas so they can pay the bank, or however you want to look at it. That''s how an economy works.

If you bailout the banks, their customers still won''t be able to meet payments.