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I don't know if the bailout plan was decent or not - um, that's above my pay grade - I'm no economist.
We are going to suffer the negative consequences of years of overspending regardless of the bailout.
This bailout is unnecessary, we already have the tools for an orderly unwinding of insolvent banks, we have to accept that, with local exceptions, only three or four very large banks will survive, necessary to compete in the global economy.
This bailout is to reward the losers in that process, to reward the loser friends of komrades Bush, Paulson, Pelosi, Dodd, Frank et al (do your research).
We will have a recession either way, but they threaten to block up the day-to-day payments system.
Sounds to me like there was a lot of constiuent politics going on .. many voted no because it's so close to the election ... they were doing the people's work! Say no more!!!
Sounds to me like there was a lot of constiuent politics going on .. many voted no because it's so close to the election ... they were doing the people's work! Say no more!!!
the people, at this point, don't care how it got done or what politics were involved, just that we had our moment in the sun where we were listened to! i hope people are thanking the representativves who voted their way on this issue. i sure am!
the people, at this point, don't care how it got done or what politics were involved, just that we had our moment in the sun where we were listened to! i hope people are thanking the representatives who voted their way on this issue. i sure am!
I agree that we enjoyed a moment in the sun.
I'm afraid, though, that the moment will fade quickly, they are probably cooking up a slightly altered version of the bailout and will hand out enough pork to get it passed.
I think only a sustained effort at pressuring the congressmen in each district will stave it off.
And maybe a few senators will at least have the guts to attempt a filibuster, forcing them at least to vote it down.
It's like you owe 100 grand to home depot credit card and borrow from your 401k to pay it.....better ..yes...good....no! with the added weight of home depot going under if you didnt pay off the debt soon !! what to do ???
new york voted ''yes'' suprise,suprise! we are republican when it comes to saving banks.......lol
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- I'm no economist.
