Yes!!! It Didnt Pass :)

[Born4spd]

Thank God.
Today is the day we rejected socialism.

I dont care how much the market falls.

Screw wall street im looking at the long term problems.

Gold just flew through the roof.

God Bless America

*spartan voice* THIS IS CAPITALISM *spartan voice*

 

[Born4spd]

All these whiny bitches are complaining on CNBC that the Republicans are not doing their job.

haha this is awesome.

Gas is gonna be cheap as hell after this.

 

[MonarchC88]

-680

 

[Rainman]

I would have to agree.

I heard a guy talking on one of the news shows, he said even if they passed the 700 billion bail out plan that we would be back in the same shape in about 2 months.
Who's gonna bail the government out if they continue bailing out, probably China. They're the ones buying up all out debt any way. Setting us up!

 

[CajunTim]

I work for a foreign owned company, God bless the Euro

 

[Born4spd]

^^
:/ This is global

Also, if we suffer a little bit through this, we will come out better then before.

 

[rockmup]

Thank God !

 

[penguin]

I disagree. The market is not going to 'sort it out' soon. More jobs are going to be lost and companies shipped overseas. I think assistance is needed, but not a bailout. More and more companies are going to fail as they have no liquidity and can't support their consumers. Hell, Wachovia was doing ok but due to some bad paper, no one would write to them anymore and their investors left. They were sold because of market speculation, not because of something horrid they did. The gov should have assisted and not bailed out, but failing to do so is going to have bad reprecussions. And yes, if we 'suffer' through this we will be better. I don't forsee an economic collapse, but another dust bowl era might not be far behind if all the companies that relied on the failing banks fall.

 

[Ragin Cajun]

One guy's response to Wall St.

 

[LouisianaCarry]

sound money survives- baseless “wealth” fails

 

[Speedlace]

One guy's response to Wall St.

:waits for snuff vids of investors jumping out of buildings:

 

[penguin]

www.ogrish.com (www.liveleak.com for you newbies...lol)

 

[Ragin Cajun]

:waits for snuff vids of investors jumping out of buildings:

Coming soon: Faces of Death 5: Ker-splat

 

[Rainman]

I disagree. The market is not going to 'sort it out' soon. More jobs are going to be lost and companies shipped overseas. I think assistance is needed, but not a bailout. More and more companies are going to fail as they have no liquidity and can't support their consumers. Hell, Wachovia was doing ok but due to some bad paper, no one would write to them anymore and their investors left. They were sold because of market speculation, not because of something horrid they did. The gov should have assisted and not bailed out, but failing to do so is going to have bad reprecussions. And yes, if we 'suffer' through this we will be better. I don't forsee an economic collapse, but another dust bowl era might not be far behind if all the companies that relied on the failing banks fall.

If they couldn't keep it together when it was their $ you think they will do any better when the government is forking it out to them.

 

[Swampy]

They will use the bail out to pay a new CEO 20million to run the company for a few more weeks...

**** on them.. They wont do any better the second time around..

I didnt like the idea of the government owning all those mortgages...

If the bail out had gone thru it would have just passed all the debt from Wallstreet to our pockets... I for one dont want to pay for thier mistakes..

Do some research.. They wrote mortgages to people that they knew couldnt afford them.. Including ILLIGAL ALIENS>.. They deserve to go to hell..


Just my opinion.. I could be wrong.. but thats whats great about opinoins...


Look Penguin likes OBama....

 

[mcinfantry]

I disagree. The market is not going to 'sort it out' soon. More jobs are going to be lost and companies shipped overseas. I think assistance is needed, but not a bailout. More and more companies are going to fail as they have no liquidity and can't support their consumers. Hell, Wachovia was doing ok but due to some bad paper, no one would write to them anymore and their investors left. They were sold because of market speculation, not because of something horrid they did. The gov should have assisted and not bailed out, but failing to do so is going to have bad reprecussions. And yes, if we 'suffer' through this we will be better. I don't forsee an economic collapse, but another dust bowl era might not be far behind if all the companies that relied on the failing banks fall.

penguin, can you post the prophet "o" countdown clock?? i mean, as soon as he is elected this will all be a dream. we will laugh as we wear our gray clothes and earn the same amount of money and sit in the government subsidized hospitals with the non swimmers.

 

[CEHollier]

For the past few years there has been million dollar bonuses on wall street. They lived lavishly on the money of hard working Americans. Now they want hard earned Americans tax dollars to continue the party. HELL NO. It is immoral what has been done. People should go to jail starting with the oversight committee over Freddie and Fannie. That sloppy mouth little prick Barney Frank was head of that committee and is pointing the finger at President Bush. Give me a break.

 

[LACamper]

I still don't get why Bush is backing this plan if the 2/3 of republicans are voting against it.

I'm not backing this plan, but its going to hurt when we hit the bottom. They need to do something. I'm hoping the FED will take some action tomorrow.
They also need to revise the lending rules. 100% financing needs to end. Loans for people with %60+ debt to gross income needs to end. We saved before we bought a home...

 

[penguin]

2/3 of republicans are voting for it because it is election year and their main contributors are against it. Irrespective, SOMETHING has to be done. Do I like the bailout? No. Do I believe the 'free-market' will 'sort it out', no. The 'free market' with very little oversight brought us to this. Wall Street might own the debt, but if it was all about them, why is it impacting us? It's naive to think that this is just going to affect Wall Street and that the little man is going to be fine if we just leave them with the debt. The US consumer is going to get hit one way or another. The question is, how hard do you want to get hit? Look, this isn't an easy thing to swallow. On an average day I would be against it. However, this isn't an average day. We can't bury our heads and think that it will all be over next week. Spare the standard GOP 'prophet' rhetoric. Why don't you discuss what would be a better alternative; or is doing nothing a better alternative? Oh, you're not lockstepping with McCain, seeing as how he voted for it...

 

[BSGA]

The 'free market' with very little oversight brought us to this. QUOTE]

That's not entirely true. President Clinton started the ball rolling with his initiative to get more people in homes that could not afford them. A noble cause, but a flawed one. Many lenders followed suit to stay competative, and now here we are. I'm not laying any blame, just saying, it wasn't entirely the "free" market. Had Washington not intervened in the first place, I doubt we would be here now. Less government= better government.