The bailout: Rejected!

NFletcher — Tue, 30 Sep 2008 13:22:06 GMT

It’s interesting listening to Pelosi and the fat boy from MA — the Dems could have passed this on their own. The only reason they latched onto it last week was political — to have an economic crisis in an election year. What happened to the deal that was done? eg? Lying sobs. The system works — chicken little got smushed…Oblaba didn’t take a position, so he’ll probably blame it on the R’s too, but his own party voted it down.

The bailout: Rejected!

Pat Huntington NY — Tue, 30 Sep 2008 13:22:43 GMT

Republicans blaming the failed vote on Pelosi's floor speech is pathetic! Are they that thin skinned? If thats true, then they are not putting country first but instead punished all of us for a floor speech as their action cost us our retirement funds! And these same people wanted to privatize social security....what a bunch of bums!

The bailout: Rejected!

GoToGuy — Tue, 30 Sep 2008 13:23:09 GMT

95 Democrats voted against the bill - 40% of Democrats voted against the bill. And it’s the Republicans fault? Ms. Pelosi and Mr. Obama need to get their members together before blaming the GOP for their lack of leadership.

The bailout: Rejected!

MK,MO — Tue, 30 Sep 2008 13:23:58 GMT

It’s Tuesday morning and despite no bailout for the corrupt financial industry, the sun came up, my car started, so on. And today the stock market will start it’s recovery without wasting $700 billion taxpayer dollars. The bailout is just another Republican grab at the less fortunates money. Are people going to lose money? Yes, but for the most part these people didn’t earn the money they are losing anyway so excuse my lack of concern. Let the real “free market” flush the scum out of the system and maybe people will stop and think before they try and rape the system next time. There should be no bailout.

The bailout: Rejected!

Paul Miller, Woodbridge, VA — Tue, 30 Sep 2008 13:24:04 GMT

The credit seizure could be starting this morning. I heard on the car radio coming in to work the Libor rates had jumped to 6 7/8.

These are the loan rates banks give to other banks. To put that number in perspective, the news on Thursday was how the Libor rates had soared above 3 percent.

But things are volatile so probably not a good idea putting too much credence in any one news report at this point.

The bailout: Rejected!

Concerned Citizen — Tue, 30 Sep 2008 13:24:08 GMT

Not great leadership from Pelosi at all. Neither side has done a good job explaining to voters how important this is. Frankly the voters don’t see how important this bill is and how it will affect them. Sounds like Both Dems and Repubs were listening to their constituents here

The bailout: Rejected!

PCS — Tue, 30 Sep 2008 13:25:24 GMT

95 Dems against. 65 Repubs for. Not exactly a consensus for either party. At least the Repubs in the house were always uncomfortable with this bill. The Dems are p/o’ed because they bragged about having a bill. Pelosi started to blow it this weekend when she released the outline of the negotiated bill in partisan terms. If this was really about us and our money (us=taxpayer), then the tone and rhetoric would not be sound bites like “we have to protect their money.” They stopped by one of “us” the day they took office in DC - ALL of them. I think the medicine is worse than the disease. Let the markets sort this out and we will all be better off in two years. When could you say that about a government program of any sort.

The bailout: Rejected!

Brian M De. — Tue, 30 Sep 2008 13:25:28 GMT

MSNBC please git rid of GOP Morning Joe !!!!

The bailout: Rejected!

the Pajama Pundit — Tue, 30 Sep 2008 13:26:04 GMT

Yesterday, Bush called nearly every member of Texas's Republican delegation, GOP aides said. He won over four of the 19.
********************************************************

That's pretty telling. Bush can only rally support of four out of 19 REPUBLICANS FROM HIS HOME STATE. Quack, quack.

http://thepajampundit.com/

The bailout: Rejected!

Jason Canard, CA — Tue, 30 Sep 2008 13:26:44 GMT

Not surprised at all, these politicians are idiots. Can’t wait to hear Barney Frank on MSNBC tonite spew his toxic crap while Keith Olbermann kisses his butt and they both blame John McCain for this. Somebody please tell me why only 140 out of 235 Democrats voted for this? That’s 67% of there party. Let’s just make the Northeast and West Coast their own Countries, and that way all the crazy leftist’s can live with each other and worship Lord Obama and Queen Nancy. I use to be somewhat Independent, but this crew of Democrats we have running things is ridiculous. They are an embarrasment to this country

The bailout: Rejected!

Leslie — Tue, 30 Sep 2008 13:27:37 GMT

WHAT? I thought McCain was in Washington to make sure it passed? He couldn't even get his own people to follow his lead? What kind of leadership is that?

ONE MORE REASON WHY I AM VOTING OBAMA/BIDEN

The bailout: Rejected!

Markie Mark WA — Tue, 30 Sep 2008 13:27:52 GMT

Pelosi - Reid - cover ups for Frank Barney and Chris Dodd under the Obama Hot Air umbrella. Communistic agenda is what they are after - using the crisis as the vehicle. This has been seen coming for years - Democratic congress is using it for their political advantage and their ideology. Stalin / Lenin and Mao are all cheering. My european friends told me 6 years ago this to happen - it did not come on cats feet - the lawyers (congress) are all indulged in self expression. Vote em all out and vote some real people.

The bailout: Rejected!

thats a fact jack — Tue, 30 Sep 2008 13:28:12 GMT

take $700 billion and divide it up and give it to American middle class to spend and invest wisely and the economy will be just fine. the ulra rich elitist can take care of themselves. jobs will be created cause middle class will pay down bills, buy things they need or want, buy health ins, send kids to college and invest in sound investments.

The bailout: Rejected!

jsb — Tue, 30 Sep 2008 13:28:46 GMT

If you took out a loan and did not repay it then you are mostly to blame for this. Don’t look to blame anyone else. Yes, I am talking to you.

The bailout: Rejected!

G. Patton, Delvin Ohio — Tue, 30 Sep 2008 13:29:25 GMT

Dodd and Frank should be forced to resign. Pelosi and ALL the libs in Congress are responsible for financial crisis. Affordable housing for everyone…Ha!…all the evidence points to the Dems.

The bailout: Rejected!

Eric, Salinas, CA — Tue, 30 Sep 2008 13:29:37 GMT

Now that "Lobbyist Lover" McCain has his foot in his mouth claiming victory and credit for the bailout bill's passage befoer the vote took place whatever will he do? Oh yeah blame Obama for phoning it in when that's all Johnny Come Lately did.

Did Nancy Pelosi really hurt the feelings of the limp wristed conservative lunatic fringe with her true words on who was to blame for this whole mess in the first place? Get over it! What a bunch of wimps the House repugnant ones are and they weren't going to vote for the bill regardless of what she said or didn't say. There were plenty of repugnant ones up there giving petty partisan speeches and the Dems didn't wimp out.

Only Obama showed wise calm leadership during the crisis while his opponennt tried to claim all the credit for doing nothing. We've seen that "Bush Hugger" McCain is a lame duck president even before he gets voted in.

Go Obama/Biden 08/12!

The bailout: Rejected!

Democrats No Longer Rule — Tue, 30 Sep 2008 13:30:46 GMT

I’m a life long Democrat but frankly I’m fed up with how politics and Washington has been for my party the main priority during this crisis. I also just reviewed the Community Reinvestment Act for the first time and learned that Republicans tried to impose regulations on Fannie and Freddie but of course my party stopped them. The stunts the democrats play, the outward lies and deceit are just out of control. I am seriously considering for the very first time the idea of switching parties.

The bailout: Rejected!

Libratine — Tue, 30 Sep 2008 13:31:58 GMT

YES NO
33% Republican 65 133
60% Democrat 140 95

Pelosi could have spun somersaults with little effect on Repubs. The GOP is responsible for ushering in their 50% to adhere to the BIPARTISAN call, not failing to do so then stand behind a scapegoat.

The bailout: Rejected!

Dave, Tn — Tue, 30 Sep 2008 13:33:37 GMT

http://www.youtube.com/watch?v=2crMJwpYTog

There was leadership. You just couldn't find it in the ranks of the political cowards like OPhoneItIn or the other so called leaders in the democrat party. Check the number of "leaders" in the democrat party who voted NO.

The bailout: Rejected!

John B, Des Moines, IA — Tue, 30 Sep 2008 13:34:34 GMT

Congressional Republicans continue to cling to their ideological belief that this crisis was brought on not by lack of responsible regulation but by excessive regulation, in the face of all evidence to the contrary. They are clinging to a failed economic philosophy so strongly that they won't even pass a plan primarily written by the White House, even on second draft with changes made specifically to appeal to them. Turn them out in November and move on to an America where greedy fat cats are unable to profit by gambling with the money of ordinary people.

The bailout: Rejected!

Yola, CT — Tue, 30 Sep 2008 13:34:52 GMT

Bottom line is the Republicans did not produce the votes they agreed to. Nancy Pelosi's awful speech did not help the situation but I am shocked that adults would risk the huge loss we saw yesterday because of hurt feelings. This bill was for $700 billion and we lost $1.2 trillion yesterday because grown folks acted like children! Wow! I guess they put politics before country.

The bailout: Rejected!

NY, NY — Tue, 30 Sep 2008 13:35:45 GMT

Pelosi, Reid, Obama

Just say no to all of the above.

How come many of Nancy's Chairpeople voted against the bailout?

Throw the REAL bums out!

Bush is gone 1/20/09, now toss the rest out.

The bailout: Rejected!

thats a fact jack — Tue, 30 Sep 2008 13:37:10 GMT

the bail out failure can't be too big a deal cause congress is going to take a vacation for a few days so "what, me worry" and lame duck bush can't even get his texas politicians to do anything. America let us NOT make the same mistake we made when bush was elected by electing mccant.

The bailout: Rejected!

gepa — Tue, 30 Sep 2008 13:44:55 GMT

Nancy Pelosi is absolutely right when she described the Bush administration as a righr wing ideology of anything goes, and are totally responsible for the financial meltdown. If a statement is true there is no reason she should'nt say it. "Maybe the old saying "The Truth Hurts" is why they are so upset about it. All of a sudden Bush wants them to work together after 8 years of Dictatorial control. Bush & his fellow Repubs had majority in the congress and senate for 6 years, and want to put all the blame on the Dems for their only (2) yrs. in majority.

The bailout: Rejected!

Leslie — Tue, 30 Sep 2008 13:48:17 GMT

Obama suggests expanding FDIC coverage on Personal Savings Accounts from $100,000 to $250,000 to protect Middle Class Investments. Excellent Idea Obama!

Thank you for protecting the personal investments of the Middle Class Worker. We need protection from MCCAIN and the Republicans with their DEREGULATION of BANKS AND INSURANCE COMPANIES.

REMEMBER: McCAIN IS THE DEREGULATOR! YOU CAN THANK HIM FOR YOUR SAVINGS GOING BYE-BYE!!

ONE MORE REASON WHY I AM VOTING OBAMA/BIDEN '08

The bailout: Rejected!

Stacey Marcin — Tue, 30 Sep 2008 13:49:56 GMT

If you want to get American support behind this crucial economic rescue plan, the media should stop calling it a "Wall Street" Bailout and instead of putting President Bush on TV, get Oprah to endorse it. Americans have more faith in her than in our current leadership.

The bailout: Rejected!

Michigan Ex-Democrat — Tue, 30 Sep 2008 13:50:00 GMT

I just heard the Pelosi speech. It was stupid and at times mean-spirited. It was certainly not something you ever want to hear from the Speaker of the House (and 2nd in line to the Presidency) just before a major history-making bill of such import. She pinned all our problems on the GOP, conveniently ignoring repeated Bush efforts to reform Fannie and Freddie, for instance.

The bailout: Rejected!

no joe, no bo, nj — Tue, 30 Sep 2008 13:50:19 GMT

Count me among the undecideds about this bill. Not having had a chance to read the bill itself, rather than the media's portrayal of it, I have no idea what it contained.

Was the 'ACORN'provision still in there? This would have guaranteed that that organization received a minimum of 20% of any returns from these 'investments'. Why in the world would that be in there?

I also did not see any mention of reining in the lending practices that led to this debacle. Some people should not get loans, since they do not have the means or financial acumen to repay them.

Anecdotally, regarding the 'inability' of John or Jane Q. Public to get loans for cars, mortgages, etc., my oldest son contracted to buy a car eight weeks ago; he put down $2000 and lined up a bank loan to cover the balance. Yesterday, he went to the bank and, lo and behold, picked up the check. Same interest rate, same payment, no problems. Of course, he has a good credit rating, having made on time payments for his previous car loans, and not carrying a balance on his credit card.

As for falling real estate values, most of the 'lost' value is on paper. People should not have been cashing out the equity on their homes to use to gamble in the stock market, take vacations, or pay off their credit cards in the first place. I have zero sympathy for those in the position of being 'upside down' on their houses. I will, however, offer this: in ten years, the value will be back; real estate eventually increases in value, because they're not making any more dirt. Likewise, the stock market will recover, as it always does. Does anyone remember 1987? I don't recall Reagan injecting the Federal Government into that crisis.

I do believe that the Federal Government should do something because it was the policies of the Clinton Administration that pressured banks to lend to risky borrowers in urban areas; however, in an attempt to spread the risk banks created their own pool of risky borrowers by encouraging real estate speculation. Real estate became a giant Ponzi scheme; these are always fated to collapse.

It remains to be seen what the congress will come up with to take the place of the bill that failed. It bears remembering that members of both parties voted against the bill; it behooves both parties to come up with a plan that can be supported by both parties.

The bailout: Rejected!

Pelosipalooza — Tue, 30 Sep 2008 13:50:51 GMT

Has Nancy gotten the egg off her face yet? She couldn't deliver 40% of her own party! Of course, we know she told some of them they could vote against the bill since they were up for re-election. Leadership? She put partisan politics above a very serious issue for all Americans. Get rid of pelosi.

The bailout: Rejected!

jennyp — Tue, 30 Sep 2008 13:51:03 GMT

Nancy Pelosi said from the beginning If she didn't get enough support in republican votes, the deal would not pass, this proposal came from the republican administration, A proposal that democrats did not want to support anymore than republicans. Republicans did not want to pass this bill because if it failed they could blame the democratic party. I think Nancy Pelosi and her party did their part. People are saying the democrats could have added more votes if they wanted to pass the bill. But couldn't the republicans do the same. It was supposed to be Non Partisan. I also believe that the statement Nancy Pelosi made was right and true.

The bailout: Rejected!

KB Denver, CO — Tue, 30 Sep 2008 13:51:16 GMT

Yes, we all now know the answer, Pelosi is an idiot.

The bailout: Rejected!

Carol Chanhassen MN — Tue, 30 Sep 2008 13:51:28 GMT

This was the most dismal, outrageous failure of congress, the administration to address this crisis. I believe the fundamental problem was, at the very onset, this was sold as a bailot. There was an absence of a leader to simply explain how this mess is affecting all of America, I believe Wall Street, Investment banks are the last in the food chain to feel the hurt. We out in here in middle small town America have been feeling this pain for a very long time. Has anyone acknowledged this??? NO !!!!!! Even now, they struggle to acknowledge America,I can see an amazing opportunity for Obama to step up, speak as only Obama can, relating with "Clinton" stories about people out here living with this nightmare. As for the vote, hmmmm The Democrats more than lived up to their end of bargain, the republicans for whatever their reason, betrayed all of us. One more concrete fundamental why I could never vote or desire their brand to lead. There is blame aplenty to go around, stop the spear throwing, sticking the finger in the eye of the nation. This devisive nastiness is exactly why we as Americans, dislike congress and hold them in such contempt. They value their power, over common good, over a conscience and over compassion.

The bailout: Rejected!

susan f — Tue, 30 Sep 2008 13:51:32 GMT

Oh...
my...
God!!!

Congress actually listened to their constituencies this time?!?!?! Hence the OMG!

If nothing else, Obama HAS already effected change and it's the kind that is good for America! Let's reward him with the power to do more and better things!

The bailout: Rejected!

Carol Chanhassen MN — Tue, 30 Sep 2008 13:52:09 GMT

The bailout: Rejected!

Candi Crankalott — Tue, 30 Sep 2008 13:52:16 GMT

Funny how the 95 Democrats who voted against it are not getting any blame. Aren’t Democrats supposed to be “United behind Obama” and the Speaker couldn’t even deliver. Republicans threw 65 sacrificial lambs their way to help mix the pot, but they NEVER expected 90+ Democrats to vote “Nay”. This is too funny - clean your own house before you try to clean other’s.

The bailout: Rejected!

jawillie, Philadelphia, PA — Tue, 30 Sep 2008 13:53:07 GMT

>>>“So when the deal fell apart on the House floor Monday, in no small measure because most of the chamber’s Republicans balked at voting for it, the McCain campaign worked to contain the potential for damage. The first defense was to go on offense.”

==========
In other words, blame Obama as always. He claims that Obama injected partisan politics into the process, when it was in fact he who insisted on riding in like a White Knight to "save the day". McCain (and the Republicans) just won't acknowledge that it is he who is at best partially responsible for this failure. The rest of the blame lies with his childish Republicans who claim that their feelings were hurt when Nancy Pelosi told the truth.

Election day can't get here soon enough.

Obama/Biden '08

The bailout: Rejected!

Fatt LadySinging — Tue, 30 Sep 2008 13:53:09 GMT

Pelosi and the Dems will now come under the proper scrutiny to show they were to blame for this financial firestorm. Voting against any regulatory measures (McCain sponsored bill is one) and forcing lending institutions to issue subprime mortgages (ACORN Housing and Obama) are directly to blame. Those of you who blame the Republicans for trying to keep this burden off the taxpayers for generations to come need to examine the issue a little more clearly. The Dems tried to stuff it full of pork and the Republicans objected, as they should. When an agreement is reached, it will be in the best interests of the public.

The bailout: Rejected!

Apogee Perigee — Tue, 30 Sep 2008 13:54:38 GMT

This is Democratic legislation from day one. Ever heard of ACORN? This is a liberal housing group who stood to gain from passing of this sham, but later was removed due to House Republicans at McCain’s urging. Need to wake up out there. The market swooned due to expectations given by Pelosi, Frank, etc. in their mugshot in NY Times, then they fail to deliver. Better save that picture for posterity. We’re looking for solutions in the wrong places. Pelosi et al CREATED the mess and we look to them for the solution??? Come on folks it’s not that difficult.

The bailout: Rejected!

Main Street — Tue, 30 Sep 2008 14:03:35 GMT

Think about it. The GOP has had a blank check from tax payers for 8 years. They squandered and are still squandering billions of our hard earned dollars on a trumped up "war" on Iraq. Where is your outrage about that?!!? I do grant you that the bill needed more protection for "main street". Remember this. The REPs voted against it BECAUSE the DEMS forced the protections into the bill. They wanted another blank check.

The bailout: Rejected!

Adam, (NY,NY) — Tue, 30 Sep 2008 14:04:22 GMT

Why hasn't this raise in the limit of FDIC insurance been talked about before? Was Obama really the first to think about it? If so, kudo's to his camp for actually bringing a new idea to the table.

The bailout: Rejected!

Libby, Mt. Juliet, TN — Tue, 30 Sep 2008 14:08:27 GMT

WE DON'T WANT NO STINKIN' BAILOUT!! is the message of the people. Main street business people, when confronted by hard times, put their OWN money back into their own businesses. We the people think the 1% who own the 90% should use THEIR money to bail THEMSELVES out. We're tired of enabling the addicts and this is their intervention. It's time for the fatcats to lose. We the people will lose anyway.

The bailout: Rejected!

lp — Tue, 30 Sep 2008 14:09:58 GMT

I'm one of apparently few members of the general public who gets how serious this is, and I know some protective action must take place to keep the economy from melting down worldwide. In the meantime, the lack of leadership by the President, by the members of Congress, and by the candidates (both of them) is appalling. Just watched the President give a completely lackluster speech 'supporting' action by Congress. Does ANYONE in politics do anything other than bicker and posture? We've seen a pathetic milktoast performance by President Bush. We've seen a cynical play for attention by Senator McCain (gee, maybe I'll go to the debate after all). And now, we've seen a lot of petty finger-pointing and platform-point grabbing in Congress--shame on the Dems for trying to push through extra funds for liberal causes like ACORN, and shame on the Republicans for trying to scare their long-sought decrease in capital gains taxes out of this horrible situation. So far, not much else. Come on Senator Obama, DO SOMETHING--you're smart and can be inpiring-- you're either our last hope, or our last gasping breath.

The bailout: Rejected!

Saint Dick, Dallas, TX — Tue, 30 Sep 2008 14:17:52 GMT

Liberté, Égalité, Fraternité.

And John McCain said, “Let them eat cake!!”

Class war!

The bailout: Rejected!

Fed up with Republicans — Tue, 30 Sep 2008 14:19:59 GMT

The Republicans are like Rats abandoning a sinking ship (Pres. Bush), and they pretty much said in no uncertain terms that they really don't care what their Presidential Nominee (John McCain) has to say either! especially since it appears, by the most recent polls, that he is not going to win anyway! So why risk their political careers to save any of their butts, one is leaving office (thank God) and the other is sinking his own campaign with "STUPID" and irratic decisions (aka...Palin)! Now normally i would take enjoyment in seeing the unraveling of the GOP, and lord knows i REEEEAAALLLLYYY want too, but it comes at a much greater cost to my children, and hopefully one day grandchildren, to sit back and enjoy! Something has to be done in the short run in order for us to deal with this problem in the long run. So i will hold off on my jubilation for the time being and pray that something is done quickly, before my child who is 15y/o, get's ready to start planning and searching for colleges to attend, and maybe, just maybe, i can get him a car to go to college with, I HOPE!!!!! NOVEMBER can't get here quick enough, i hope that i never see another Republican administration in my life time EVER AGAIN!! This is shameful! Thank you and may God have mercy on our souls!

The bailout: Rejected!

John Bohlman in Wis — Tue, 30 Sep 2008 14:25:20 GMT

I'M SURE THAT IF THE TOPIC WAS WAR THEN BUSH&MCCAIN COULD HAVE DELIVERED ALL THE REPUBLICANS VOTES, PEACE NOT SO MUCH. I WONDER IF THEY HAVE ALIENATED THEIR MONEY BASED SUPPORT? OH WELL.

The bailout: Rejected!

The Real Truth!!! — Tue, 30 Sep 2008 14:27:27 GMT

To really make this work, the following must happen:

1) Eliminate Adjustable Mortgage Rates
2) Modify all adjustable rates (people losing their houses) to 1.5% above the current fixed rate.
3) Set a standard % rate for all credit cards up to $5000 and so on with 10K and 15K.
4) Put a freeze reduction on jobs going overseas
5) Reduce the amount of jobs overseas until the economy has stabilize.
6) Penalize/tax Corporations serverly if they do not comply (They are not paying taxes for their foreign employees).
We must make sure that the unemployed began to work at a level that will make them want to work (not a level to just keep them for nothing)

We must make sure we as Americans have something to work for and not just spend because we have...

The bailout: Rejected!

Mark Lukin, Margaretville, NY — Tue, 30 Sep 2008 14:28:11 GMT

I was enraged to hear a congressman chastising congress for not passing the theft of "We the people's" money. He went on to say what a great deal it was, "we can buy the debt for a fraction of it's actual worth, and make money on it".
Well this millionaire should kick in a few million of his dollars for this great deal. In addition each of our "so called" leaders should do the same. And then the CEO's and financial experts can pony up with their last bonus check.
Then maybe the rest of us can send $1.00 each for the "failout".

Mark Lukin

The bailout: Rejected!

HELP, NM — Tue, 30 Sep 2008 14:37:29 GMT

The stinking republicans are doing again. Why do the republicans hate the American people? I don't understand. They take our taxes and play god with our lives while securely taking millions of illegal dollars to amass their personal fortunes at the American peoples expense. Democrats are not entirely innocent of this either but at least they are trying to look out for the average American in this disaster of a bailout by saying we need 'something' since we are the ones paying for it. The Republicans just take and take and give nothing back.

The bailout: Rejected!

bc Indiana — Tue, 30 Sep 2008 14:39:00 GMT

This isn't a failure of Democracy at all. Finally elected officials are listening to their constituents and voting against this ridiculous and transparent "bailout".

Elected officials who vote yes for this "proposal" can expect their constituents to turn on them.

The bailout: Rejected!

Rick, NC — Tue, 30 Sep 2008 14:41:16 GMT

I thought Mccain had crash landed in DC to save the day? Obama have never made the claim that he would be the hero and save America from financial ruin...Mccain did but he was lying

The bailout: Rejected!

nuanced — Tue, 30 Sep 2008 14:41:43 GMT

The chickenhawk Republicans did a cut and run. They signed up to the deal and then went AWOL. Why do they hate America.

Anyone else notice a sudden flurry of new posters all writing the same Republican spin today? Got new marching orders? Trying to get posting points to win the autographed book from the McCain website?

The bailout: Rejected!

Joe, MN — Tue, 30 Sep 2008 14:43:24 GMT

Republicans = Financial Trouble for average Americans
Republicans = Corporate favoritism
Republicans = Intolerance of minorities
Republicans = Anti-Science, hyper-religious agenda
Republicans = Undermining the Establishment Clause
Republicans = Lies, Greed and Government Corruption
Republicans = Dirty tricks and diversions to hold on to power. "Whatever-it-Takes" to win, politics.

Keep electing the republicans America, and this country is going to be vastly different in just a few more years. It's called a third world Banana Republic.

The bailout: Rejected!

Tim from Orlando — Tue, 30 Sep 2008 14:44:07 GMT

I'm tired of hearing how the public was against the bail-out because we didn't understand. No, we understand quite well. We're not stupid sheep. If Congress wants to give away tax dollars, send some my way. I need about $100K so my mortgage will equal the actual value of my house. Do the same for evereryone else too.

The bailout: Rejected!

Ruth McLean, Baltimore, MD — Tue, 30 Sep 2008 14:44:55 GMT

Here is my suggestion for inclusion in the bailout policy.

1) All the banks getting assistance must refinance all troubled mortgages (including those in foreclosure) with an automatic 5% fixed 30 year interest rate.

2) The payments will automatically come out of the individual's paycheck in 2 or more payments per month. i.e. if the mortgage payment is $1000 monthly, it will be deducted on the 1st and 15th in the amount of $500 per deduction for those who get paid semi-monthly. For weekly paid individuals it will be deducted weekly in the amount of $250 per week, and so on. If there is 5 pay periods in 1 month the auto draft can only take out 4 payments. This is something payroll for that firm have to deal with.

3) If the individual is a business owner, their payment comes directly out of their bank account and their business will be held as a guarantor for the mortgage.

4) No executive can make more than $250,000 annually. Pay increases will be capped at 3%. Any executive who desires to receive more than $250,000 per year, need to submit a proposal to congress and they have to vote on it.

5) The bailout will have a 25% interest rate for the banks and once it is repaid in fully a portion of it has to come back to the people. this can be done as an economic stimulus check of $600 per person with $300 for each child.

6) All the banks receiving bailout assistance cannot outsource any part of their business overseas. All their employees have to be American citizens.

7) If these banks have overseas office they have to pay a higher corporate tax, an additional 10% for not having 80% American staff.

8) All executives making more than $250,000 will get a salary cut to reflect the new salary of $250,000.

9) All executives retiring, resigning, or being laid off will only get 1 month severance equivalent to a month's salary of the $250,000 annually.

This may seem harsh, but the reality is, they want my money, they need to account for it. Too many people are losing their jobs because they are using people from India to be customer service representatives. Enough is enough; you want USA assistance you have to pay dearly.

Thanks
Ruth

The bailout: Rejected!

Joe, MN — Tue, 30 Sep 2008 14:46:13 GMT

Look at the way these lying republicans are latching on to an insiginificant speech given by the House Speaker. W.H.A.T a JOKE!

It was years of republican lies and corruption that got us here. Not Nancy Pelosi!! Are you people that dumb?

"Republi'kins is sooo stupid" -- Elmer Fudd

The bailout: Rejected!

Stupidgames, Indiana — Tue, 30 Sep 2008 14:46:23 GMT

So now there are 190 Maverick's in the congress who have came out strongly against Bush and Paulson blaming them for the whole mess, just time to go home where most have alredy been running as anything but republican's and away from Bush as directed by the RNC. You have Dino Rossi in Washington running as something called the GOP PARTY where he last run as a Republican and Smith in Oregon running all kinds of ads with him and Barrack another republican runnig away from his party. Now it can be even more in vogue to run as a Maverick.
only their low imfromation voter will buy it.

The bailout: Rejected!

Deni, GA — Tue, 30 Sep 2008 14:47:47 GMT

I have worked in the financial industry since 1985. I've worked at Merrill Lynch, Lehman Brothers and am currently working for another firm. I make an average salary and am a registered Democrat. I think the bailout should have failed for a number of reasons.
1. As a free market society, businesses either succeed or fail. As in evolution - it is the survival of the fittest. Unfortunately, the companies that are on the brink of failing now will be quite devistating to our economy if they fail. But we will survive.
2. I don't have $700 BILLION to spare - do you? And, now after we have lost $1.1 TRILLION in the stock market yesterday, we really can't find the spare change.
3. It appears that the stock markets will recover at the opening. Those who don't watch the markets on a daily basis, don't know how superstitious and fickle they are. The markets are behaving erratic because of fear. If we know where the bottom is, we can plant our feet. With a bailout or without a bailout, according to Rober Reich yesterday, we will be in a DEEP RECESSION next year. Thus, why throw $700 BILLION toward saving the financial industry when it doesn't appear that it will help.
4. If we have $700 BILLION to spare - throw it my way. And toward healthcare, energy, education, infrastructure, social security, veterans, seniors, children, disabled, indigent, and on and on and on...
5. With all the talk of certain calamity, no one has convenced me to give my dime to those to whom I believe created this financial crisis. It makes me wonder who will face the harshest days ahead. I believe that most "Average Americans" of which I am a part, have already begun facing their own calamity. We've been through this before and we can weather the storm.
6. It's time we became a creditor nation again. Not only with our government, but in our everyday lives. Older Americans remember the Depression. There was no credit. We have become a nation tolerant and encouraging for individuals and corporations to borrow not only beyond their means, but WAY beyond their means. What happend to working and saving to buy what you wanted?
7. Tough medicine is hard to take, but effective. A placebo bailout plan won't cure our economic ills. It will help a few to feel better, but overall masks the ailment. Let the economic conditions guide us out of this fiasco. There will be a day when the tides will turn and we might once again live on easy street. Maybe this time though we will put in caution signs and guard rails and a policeman or two to navigate the narrow road.

The bailout: Rejected!

Al, Houston, TX — Tue, 30 Sep 2008 14:58:18 GMT

Both components of our economy are suffering; the financial services sector (the tracks on which our economic train runs) and more importantly the producer/consumer sector (the engine that pulls the train). The bailout plan that was rejected really only offered relief for the financial services sector. Democrats need to assume more of a leadership roll; re-write the bill adding relief for producers and consumers and then properly educate the public as to why it needs to pass. In this way they reach out to Republican legislators through their constituents. Since Bush and his team have proven inept in educating the public, the Democrats should use their most recognizable figure as their spokesperson Barack Obama. The Democratic bill should be just one component of a strategy aimed at rebuilding our economy to the point when it was at its greatest strength; from the years 1948 to 1962. What gave it its strength then was a large, productive and fairly paid middle class.

The bailout: Rejected!

Claudette Saint Petersburg, Florida — Fri, 12 Dec 2008 22:54:28 GMT

My husband wants to by a Cadillac for cash. He will not because he can not be sure of a warrantee or parts. I think the whitehouse should use some of the 700 Billion and save this industry. The unions have given much to help, they are just trying to break the union. I am not pro union always, but this should not be blamed on the workers, this all started with wall street gambling.