TheCatSite.com › Forums › General Forums › IMO: In My Opinion › Bail Out FULL of Pork
New Posts  All Forums:Forum Nav:

Bail Out FULL of Pork - Page 2

post #31 of 44
The Dow Jones Industrial Average did suffer its biggest point loss ever, but in terms of % moves, the DJIA was down 7%, Nasdaq was down 9%, and the S&P 500 was down 8.8%. Black Monday of 1987, the dow was down somewhere around 22%.

And 65 republicans supported the measure, 133 voted against. 95 dems voted against the plan.

Laurie
post #32 of 44
Quote:
Originally Posted by sarahp View Post
I have to say, rejecting the plan because the constituents don't like it when they were previously supporting is not the right way to vote. They said voting for it would be committing political suicide. Sometimes you have to do things that are unpopular for the long term good. I don't know enough about it to know whether I support it, but I do NOT like them changing their minds because people might not like them.
I think all of these politicians need to put politics aside and do what's right for the country. I don't know if this bill is right for the country or not, because I know nothing about economics. Apparently some economists are saying it will help, some are saying it won't. But I get so freaking mad when all they care about is whether or not they're going to get re-elected or not. I would like to tell them, if the economy tanks and you could have helped prevent it by passing this bill - don't you think your constituents are going to decide they don't want to re-elect you regardless of what they said beforehand. And is it really a majority of their constituents who are against it, or just a vocal minority? I'm so sick of politicians, I'd like to throw the whole lot out.
post #33 of 44
Thread Starter 
I don't know that the constituents changed their minds.
The more people learned about the bail out, the less they like it, myself included.
The Representatives have been literally bombarded by their constituents screaming NO BAIL OUT.
No one wants to pay for Wall Street's greed, I don't either.
No one wants to pay for other people's mortgages, I don't either.

I don't know what the right thing to do is either, but one thing I know, nothing crashed today and that is a good thing.
post #34 of 44
If the bill doesn't address the root of the problem/problems then there is no point in throwing money at it. A fly-by-night, knee jerk reaction bill by people who are part of the problem does nothing to help fix anything. Tightening the lending qualifications would be a good place to get started.
post #35 of 44
Thread Starter 
Yep, that is about where I am Bryan. I have changed my mind since last Friday.
post #36 of 44
Quote:
Originally Posted by sarahp View Post
Arghhh our stock portfolio (which we bought fairly recently when everything was low, thinking it would be a good move) has plummeted.
My friend, a financial adviser, gave me this advise: don't even look at it right now cause its going to be scary. If you invested in it long term, assume it is that.
post #37 of 44
http://michaelmoore.com/words/message/index.php

Some folks on this thread might be surprised to discover they have something in common with Michael Moore.

One of the most fascinating aspects of this situation is the realignments occurring in the political circus.

I'm happy to say my representative, Hilda Solis, voted no on the bailout.
post #38 of 44
Quote:
Originally Posted by katie=^..^=
Some folks on this thread might be surprised to discover they have something in common with Michael Moore.
That's a revolting thought. I hate that fat toad.
post #39 of 44
I think anyone who has watched how the House voted on this bailout bill has seen just how broken Washington is and it is on both sides of the aisle. Nancy Pelosi hit a new low as Speaker of the House, I really hoped she would do well as the first woman, but she has been an abject failure. Speakers in the past have never brought important legislation up for a vote unless they know they have the votes and I don't know what her childish partisan speech accomplished. Then the Republicans used her childish outburst as cover for voting against it. A Republican congressman tried to keep the vote open to try to get a few Republicans to change their vote and Barney Frank insisted that the vote be closed so he could run out to the microphones and insist the Republicans killed it. He even had the nerve to say he would be nice and apologize for Pelosi's outburst to a few Republicans to get them to change their vote. No one in Washington has made any effort to sell this legislations in layman's terms to the general public so it has sat out there as simply a bailout for rich greedy Wallstreet types. Everyone with a 401K is part of Wallstreet and a 401K is the only way that most working people have of retiring in dignity. All of our elected representatives are wrapped in their cocoon in Washington and playing their childish partisan games.
post #40 of 44
Quote:
Originally Posted by Essayons89 View Post
That's a revolting thought. I hate that fat toad.
Hey, why you wanna insult toads like that, Bryan?

Quote:
Originally Posted by Denice View Post
I think anyone who has watched how the House voted on this bailout bill has seen just how broken Washington is and it is on both sides of the aisle. Nancy Pelosi hit a new low as Speaker of the House, I really hoped she would do well as the first woman, but she has been an abject failure. Speakers in the past have never brought important legislation up for a vote unless they know they have the votes and I don't know what her childish partisan speech accomplished. Then the Republicans used her childish outburst as cover for voting against it. A Republican congressman tried to keep the vote open to try to get a few Republicans to change their vote and Barney Frank insisted that the vote be closed so he could run out to the microphones and insist the Republicans killed it. He even had the nerve to say he would be nice and apologize for Pelosi's outburst to a few Republicans to get them to change their vote. No one in Washington has made any effort to sell this legislations in layman's terms to the general public so it has sat out there as simply a bailout for rich greedy Wallstreet types. Everyone with a 401K is part of Wallstreet and a 401K is the only way that most working people have of retiring in dignity. All of our elected representatives are wrapped in their cocoon in Washington and playing their childish partisan games.
Exactly!!!!

Pelosi killed any chance of bipartisan support with her idiotic remarks, and Barney Frank running around like the court jester trying to make amends was insane.

They're starting over and plan to meet again Thursday.
post #41 of 44
Quote:
Originally Posted by Denice View Post
I think anyone who has watched how the House voted on this bailout bill has seen just how broken Washington is and it is on both sides of the aisle. Nancy Pelosi hit a new low as Speaker of the House, I really hoped she would do well as the first woman, but she has been an abject failure. Speakers in the past have never brought important legislation up for a vote unless they know they have the votes and I don't know what her childish partisan speech accomplished. Then the Republicans used her childish outburst as cover for voting against it. A Republican congressman tried to keep the vote open to try to get a few Republicans to change their vote and Barney Frank insisted that the vote be closed so he could run out to the microphones and insist the Republicans killed it. He even had the nerve to say he would be nice and apologize for Pelosi's outburst to a few Republicans to get them to change their vote. No one in Washington has made any effort to sell this legislations in layman's terms to the general public so it has sat out there as simply a bailout for rich greedy Wallstreet types. Everyone with a 401K is part of Wallstreet and a 401K is the only way that most working people have of retiring in dignity. All of our elected representatives are wrapped in their cocoon in Washington and playing their childish partisan games.
Nancy Pelosi was speaking to her base. I didn't mind what she said so much. Its like ok whatever that is how she feels. But leaving people hanging out there because of her speech was stupid. Then promising McCain, that they will follow his advice and vote was basically throwing him under the bus. He was so sure it would pass his aides were praising him all morning.Mitt Romney was saying McCain's leadership helped pass the bill. But then his own party torpedoes it.
This pretty much seals the deal that Bush has no power anymore. The bill was not all that great and does need to be reworked but you don't run from it because of a speech. If you did then you are a big baby. You don't tell your candidate you have got his back when you don't.
Meanwhile the market crashed worse than Black Monday in the 80s.
post #42 of 44
She should not have made a speech like that when in the role of Speaker of the House right before an important vote requiring bipartisan support. She can speak to her base all the wants when she is outside of that role trying to do what she was supposed to be trying to do.
post #43 of 44
A nice link for those of us wondering exactly how that piece of crap made it...

http://www.americanthinker.com/2008/...a_bizarre.html

Take one part Monday's failed H.R. 3997 and soften it to liberal pleasure. Now add it to a mental health parity measure that's languished on Capitol Hill so long it's got Paul Wellstone's name in its main title. Add a one-year patch to the alternative minimum tax, a dash of disaster relief for Hurricane Ike victims, a green energy Bill that might well have otherwise been adorned with veto ink, and plenty of porcine fat - now stir well, and VoilĂ !
post #44 of 44
It's a piece of crap with "sweeteners"
http://www.nytimes.com/2008/10/03/bu...sweetener.html
New Posts  All Forums:Forum Nav:
  Return Home
  Back to Forum: IMO: In My Opinion
TheCatSite.com › Forums › General Forums › IMO: In My Opinion › Bail Out FULL of Pork