The bailout: We have a deal

Spending More — Mon, 29 Sep 2008 13:36:02 GMT

Just checked my wallet. There was a twenty in there earlier today. Now it's gone.

The bailout: We have a deal

Eric, Salinas, CA — Mon, 29 Sep 2008 13:37:18 GMT

No thanks to the conservative lunatic fringe House republicans we have deal on the bailout. They played petty partisan politics with their one page rag of idiotic ideas when their pal "Lobbyist Lover" McCain blew into town trying to grab credit for the Dems work.

While it would be nice to just let Wall Street pull itself up by it's own bootstraps we unfortunately need to get the banking industry sorted out so the whole economy can move forward. The Dems made sure to protect Main Street and the taxpayers while the repugnant ones wanted to give away more tax cuts to the rich plus stick us with their idiotic insurance plan and even more deregulation.

Where was McCain's leadership? He didn't bother to get the House repugnant ones in line behind the bill despite wasting a whole weekend hiding in Washington in order to steal credit for doing nothing.

Go Obama/Biden 08/12!

The bailout: We have a deal

Tonie T., Battle Creek MI — Mon, 29 Sep 2008 13:38:33 GMT

[[ Democrats had to sacrifice a push to allow bankruptcy judges to rewrite mortgages;]]

Oh, that would have been a wonderful idea. Contracts we eneter into then wouldn't be valid until a judge said they were? And the judge could change them any time he/she wanted to? Hard to find anything that could wrong with that kind of process.

The bailout: We have a deal

Paul Miller, Woodbridge, VA — Mon, 29 Sep 2008 13:40:21 GMT

I'm not sure how anyone can see McCain's temperament - punctuated as it is by kneejerk emotionalism and a childish need to always be the center of attention - as a virtue.

Eight years ago, McCain's Republican colleagues in the Senate told us they didn't want him in the Oval Office because of his temperament. If they hadn't, he may well have won the nomination in 2000. McCain was surging after New Hampshire, and the GOP was reeling from the realization its frontrunner had some serious chinks in the armor. But then the Senator Hothead stories started appearing in print, and it gave the more nefarious elements of the Bush supporters some mainstream media validity behind the less valid points about temperament being made in e-mails that were flooding South Carolina before that decisive primary.

The bailout: We have a deal

Mia in Miami — Mon, 29 Sep 2008 13:44:58 GMT

Don't do it! It's a set up by Bush and crew. Why not give 700 mill. out of his oil fortune if Wall/Main street is in need?

The bailout: We have a deal

MK,MO — Mon, 29 Sep 2008 13:45:23 GMT

This will go down as one of the greatest boondoggles ever of the American taxpayer, socializing the financial markets so some filthy rich cats don't loose a dime for their criminal activity, the next time I hear some ignorant republican spout off about the "free market" and the horrors of "socialism" I may punch them in the mouth.

The bailout: We have a deal

The Jay Court — Mon, 29 Sep 2008 13:46:53 GMT

The option of allowing the market to correct itself is the correct option. The American Government is saving the bankers and will only harm the middle class American's harder.

How does restricting the American's right to petition this new agency help American's?

Section 16 Review
No Injuction or other form of equitable relief may be issued by any court of law or any administrative agency.

You can read the entire proposal at pennsylvaniarevolution.com.

REFUSE THE BAILOUT, SAVE AMERICA!

The bailout: We have a deal

pat huntington ny — Mon, 29 Sep 2008 13:53:51 GMT

and how are we paying for all of this?

The bailout: We have a deal

Paul, Florida — Mon, 29 Sep 2008 13:57:24 GMT

"BTW, how is it that, nationally, Obama's numbers are going up but he's struggling in big states like MI, PA and OH? Is this about Obama's inability to make the sale with older white voters?"

Let's start using some honesty here. The reason Obama is having problems in these states has to do with the fact that he is African American/ America is STILL not sure if they want to elect an African American for President. I suspect that if Hillary Clinton had won the Democratic primaries we would be having the SAME problem in other states because America would be trying to figure out whether they wanted a woman President.

The bailout: We have a deal

Joseph Evans, Washington, DC — Mon, 29 Sep 2008 13:57:50 GMT

As the first presidential debate goes, Mr. Obama was presidential. In a debate that is formatted for the public, he demonstrated a sense of decorum, ettiqute and respect for the moderator, subjects presented, and for Mr. Mccain.

Ironically, Mr. Obama used a surgeons' scapple on the topics, as well as Mr. Mccain. Obama performed the tasks as necessary, he seemed to leave the public and Mr. McCain without unneccesary scars that often occurs in surgical procedures.

For now most voters agree Obama's polite - political style includes polite - political substance. If this is an early indication of the electorate's moods and sentiments, Mr. Obama may be the next president of the United States.

The bailout: We have a deal

no joe, no bo, nj — Mon, 29 Sep 2008 13:58:03 GMT

The one question I want answered on the bail-out bill is this:

Is acron still in line to get a minimum of 20% of any proceeds that flow into the Treasury in the future?

Yes, that was in the Democratic proposal, and one of the things that derailed the original bill. I realize that the media want to keep this quiet, but you really do owe it to the American public to report on this.

The bailout: We have a deal

Cynthia, Philly PA — Mon, 29 Sep 2008 14:03:21 GMT

Did anyone check out how marvelous David Shuster was with that marathon telecast about the horrible bail-out mess? He was superb. I love David. Not irritating like Chris M. Oh and BTW, bail-out = executive welfare.

The bailout: We have a deal

John Doe Indiana — Mon, 29 Sep 2008 14:03:34 GMT

Bailout plan is short term for long term it will not going to help US economy and Its effects will show after couple of years.

Reason for this economic crises in my opinon are as follows

1) Government failure in foriegn and domestic policies
2) No accountibility in private and banking sectors
3) No investment in Science and technology and education and research to meet the 21 century hurdles.

The bailout: We have a deal

dirty dem politics--Obama and ACORN — Mon, 29 Sep 2008 14:09:41 GMT

The dems were spouting how they didn't want the American taxpayer to suffer because of the bail out. Then, how in the hell do they explain trying to sneak in that 20% of any profits realized would go to ACORN, the left wing group for whom Obama was once a trainer and defended them in voter fraud cases? This group was also responsible for pushing banking into making the sub-prime loans which are at the root of this economic mess. Dems yell you can't reward Wall St execs. Why would they want to reward ACORN who has faced numerous lawsuits over voter fraud and have a $1 million embezzlement by the leader's brother going on??? It's simple. ACORN registers 95% democrat. Those self-serving, dirty dem politicians were going to take OUR money to fund this filthy group. Glad I left the Dem party.

The bailout: We have a deal

Jesse Priester, Newark, DE — Mon, 29 Sep 2008 14:10:20 GMT

Joe Scarborough remarked this morning that he was glad "adults" were handling these negotiations behind closed doors. Apparently the American people cannot be trusted. Excluding voters is a hallmark of facism, not democracy. I am profoundly disappointed. Taxpayer dollars should be invested by taxpayers, not the Treasury Secretary. Simply paying down mortgages and buying CDs will do far more than forcing the taxpayers to assume ownership of bad debt. MSNBC has already become more partisan than FOX News (albeit in the opposite direction) and this was the final straw. CNN at least pretends to be balanced.

The bailout: We have a deal

High Taxes Make You Healthy — Mon, 29 Sep 2008 14:11:57 GMT

Please, please Washington, please raise my taxes! I just don't pay enough now.

This bailout would fund about 10 Iraq wars. So after the Democrats vote nearly unanimously for this bailout of the rich bankers, I don't want to hear anymore complaining about deficit spending from the liberals.

The bailout: We have a deal

Tyler Houston, Tx — Mon, 29 Sep 2008 14:13:22 GMT

So after we spend the $700B, will the US be more like France or Norway with their 70% tax rates.

The bailout: We have a deal

marty holloman,columbia,s.c. — Mon, 29 Sep 2008 14:13:42 GMT

WE have a deal that will only last a few months
then it starts all over again. We the working class will be lucky to have a job in 6 to 8 months

marty

The bailout: We have a deal

thats a fact jack — Mon, 29 Sep 2008 14:17:08 GMT

Hard working America middle class gets SCREWED again. the $700 billion should be divided evenly amoung every taxpayer to spend and then we would see the economy rebound like never before.

The bailout: We have a deal

Enough is Enough, America — Mon, 29 Sep 2008 14:20:23 GMT

Where's Monty Hall when you need him?!

Most American's didn't like curtain No.1,

curtain No.2 or curtain No. 3.

They just wanted to turn off their TVs!

NEVER AGAIN, shouts MCBush!

That's why we're voting for Obama!!

Obama/Biden '08

The bailout: We have a deal

Stella Bones, Vancouver, Canada — Mon, 29 Sep 2008 14:31:32 GMT

I understand that the 'limits on executive pay' means that only the first $500,000 paid to an executive can be deducted by the the company for tax purposes. They can pay whatever they want, without limit, but they can only write off $500,000.

I doubt that's what the people had in mind.

The bailout: We have a deal

Russell p. Fox — Mon, 29 Sep 2008 14:38:50 GMT

Really do you think we have a bail out, or just more money going to big business that gives a lot to these politicians who over the years saw this comming but thought it might disapear...as long as people remain gullable and blame the other party or represenative then we will continue down the same path....Washington as usual and the attitude of the politicians that the American people can handle crisis...we can but not yours......I look at the billions that go unaccounted for, mis management or no management, corruption, lobysist and more and you want ous to continue....I say no to the bail out, there is nothing there for the middle class who didnt get there bonous of millions of dollars.....Shame the same that are supporting the bill repub and democ are the same who got ous there......What a waste.....Maybe this is hell were on and our final crisis is heaven.....

The bailout: We have a deal

OWL,IDAHO — Mon, 29 Sep 2008 14:39:34 GMT

This should not go forward untill there is a definate plan to stabilize the housing market, by taking care of the forclosure problem first!!
Owl

The bailout: We have a deal

Linda, Allen, TX — Mon, 29 Sep 2008 14:59:26 GMT

If this bailout was so necessary to shore up the markets, why is the DOW down more than 250 points on the news of the bailout agreement?

The bailout: We have a deal

Indie Woman in Denver — Mon, 29 Sep 2008 15:35:52 GMT

After 8 years of W's propensity for surrounding himself with people who think like he does and then shooting-from-the-hip mentality, Obama's "analyzer-in-chief" style will be welcome. And compared to McCain's erratic style, it is VERY welcome.

The bailout: We have a deal

Clara Kansas City, MO — Mon, 29 Sep 2008 15:58:55 GMT

"...Neither nominee, per Politico, has committed to come back to DC to actually cast a vote on this plan."

not true, I heard Obama say he would come back if his vote were needed.

Although, it further underscores McCain's hypocrisy and politicizing the moment. Why on earth would he break his non-voting streak now? He can be there for the photo ops on the hill; but not for the doldrums of actual completion - he bothers me on so many levels; but insincerity is near the top of my list of things I can't stand about McCain!

The bailout: We have a deal

S.B. Stein E.B. NJ — Mon, 29 Sep 2008 16:11:54 GMT

There was no good option that happened. If there was some decent level of oversite and regulation before hand, this wouldn't have happened. Also, there needed to be (and still now) more money for regulators to over see the financial markets (as well as other areas such as FDA) to make sure all the rules are being lived up to and for spot inspections.

The bailout: We have a deal

Keith Germann — Mon, 29 Sep 2008 16:17:23 GMT

According to Chris Dodd and Barney Frank, they had a deal at 1:00 PM on Thursday. Oh I forgot, they lied about that. Why do they get to tell such a blatant lie and have nobody in the mainstream press call them on it?

The bailout: We have a deal

John B, Des Moines, IA — Mon, 29 Sep 2008 16:20:30 GMT

Conservatives will not be on board with this because they still believe the problem is too much regulation, not too little. Everyone correctly says this is all due to excessive risk taking caused by greed. Guess what, that's what Laissez-Faire economics is all about. Massive crashes caused by greed and access to other peoples money characterized the American economy right through the Great Depression. At that point the people cried "enough" and put controls on the financial industry. Deregulation dismantled those controls and it took less than 10 years to create a crisis of magnitude that almost no one alive remembers from their adult years. Worship of the free market has failed, conservatives refuse to accept that.

The bailout: We have a deal

donna-Charlottesville, VA — Mon, 29 Sep 2008 17:02:18 GMT

There are approximately 2 million citizens over the age of 18. If each person received $100,000.00 for a total cost of 2 billion, the following would happen:

1. We would pay down our mortgages which would end the mortgage crisis
2. We would pay off our credit card debt which would end the credit crunch
3. We would invest in the stock market for retirement, end of the wall street problem
4. Our kids would be able to afford college and plan for their futures
5. Our seniors could afford the medications and housing they need
6. Those who do not own homes would have the means to place a nice down payment on a home which would end the real estate crisis.

We've paid our taxes, give us some of our money back and let us straighten our this mess the Bush administration and Republicans have created.

Thanks, Donna

The bailout: We have a deal

Kahalle, Seattle, WA — Mon, 29 Sep 2008 17:06:13 GMT

Something had to be done to safeguard the economy. This is not about saving wall street. Its a 350 billion package with good oversights. The original bill was 3 pages long, now that was a "bailout", this bill is over 106 pages so alot of thought was applied. You can preview the bill @ www.speaker.gov
Doing nothing would have made a bad situation even worse. Considering the situation and time line, I feel our congress did what was needed and above all have protected the tax payers with the oversights and constraints that have been included. This is no longer a "blank check" for wall street.

The bailout: We have a deal

pat martin charleston,sc — Mon, 29 Sep 2008 18:43:09 GMT

here is my bottom line. i have to live on a budget. if i cannot pay my bills then i am just sol. no one is going to pay them for me.do not lend money to people who cannot pay you back .simple ?and if you do ,then be ready to eat the debt. but don't expect the middle class to shoulder yet another burden.i drive a 10 year old car.i dont hit the malls on weekends .i make do with what i have and put the max allowed into my 401-k.why should i bail out some rich guy who got greedy?