Economy Bailout Bill = Has failed

[BM OUT]

Agreed.  Thank goodness for people in BOTH parties that stood up to bush.

Eh, face it... John Boener couldn't rally the repubs to obey him.  And mccain, their leader, is hiding.  Mccain claimed to be the republican leader of the party... yet he's AWOL on this deal.

Both parties are split on this issue.  mocking pelosi when john boenner couldn't get Bush's own part to back him... weak.

The house republicans DONT want it,never wanted it,never will want it.Its socialism.Let the market fail for a few months.Yeah,we go into recession,but with this dumb deal,we will be looking at a depression for 10 years.KEEP THE FREAKING GOVERNMENT OUT OF BUISINESS!!!!!!

This is what happens when you try to give stuff to people who dont work for it.Loans to people who cant pay them back,all in the name of "helping".Im so sick of hearing these goof balls saying "they deserve the American dream".NO THEY DONT!!!!YOU WORK FOR YOUR DREAM.Its not given to you by the government.

[Deicide]

The DOW dropped 700 points instantly (then recovered some - only down 500 points at the moment.)

Turn on CNN or MSNBC.  If you own stock, you are having a bad day.  Republicans are refusing to give corporate welfare to big companies.  Bush wants $700 billion and refuses to tell us how he'll spend it.

If the bill fails, dollar will suffer for a short time, but may be stronger in the long run.

This is most excellent.  Are you happy about this Rob?

[240 is Back]

This is most excellent.  Are you happy about this Rob?

Yes.

The fact that paulson admitted he has NO basis for why he chose $700 billion, and the fact that Bush would have controlled the money with no oversight... whew!

Rush is right, i'm listening now, and he says this is great because it means wall street will be encouraged.  They know the dollar will be STRONGER now.

It wasn't a terrible bailout, but the fact Bush allowed for zero oversight... that was bullshit.  He said "trust me!" on WMD.  We tried that.

[ManBearPig...]

Rob, are you saying that Nancy Pelosi's a huge twat?

[240 is Back]

Rob, are you saying that Nancy Pelosi's a huge twat?

Why yes, sir, I am.

But Repubs couldn't control their own party either.  Mccain was AWOL after claiming he was the LEADER of his party.

[ManBearPig...]

Why yes, sir, I am.

I'm not sure what she said, but after her speech / before the vote, she somehow managed to turn 95 democrats to vote against the bill.

[cannon_fodder]

Im so sick of hearing these goof balls saying "they deserve the American dream".NO THEY DONT!!!!YOU WORK FOR YOUR DREAM.Its not given to you by the government.

Post of the day for you Sir!

[keanu]

If the bill fails, dollar will suffer for a short time, but may be stronger in the long run.

The US dollar is cooked and not for a short time. We are running record deficits with no where to go. No solutions.

The standard of living in this country is going to drop like a stone. It's a fitting end to the worst presidency ever.

[JohnnyVegas]

did you know that in the early 80's Chrysler went bankrupt and was bailed out by the Fed, much like today, (i think it was 3B back then), and one of the terms of the bailout was that they had to develop an alternative energy car or else they wouldn't get the funds?
Almost 30 years later, those alternative energy Chryslers that are all over the road today sure are nice to drive.  BTW, the bailout was never paid back.

Your facts are so far off base it is not even funny.

Chrysler did NOT go BK, but were close.

The US lent Chrysler $900 million in 78, and Lee Iachoca stepped in and got the company back up-at $1 a year plus stock options.

The $900 million was PAID BACK EARLY!  2 years early if memory serves me.

This is MUCH different than Chrysler. This was an intentional fraud by big business.

[divcom]

This may be a good thing though. 

Firms will realize they aren't going to get a pile of federal money to solve all their problems.  They're going to have to solve their own problems - cut spending, lay off unnecessary people, and cut CEO bonuses.

This was Bush's last big money grab before leaving office.  So far, Congress isnt' falling for it. 

Bill passes.  McCain takes credit and Palin moves closer to being Pres.  Even 2/3 Repubs saws this coming.  You have a MBA.  The USA will be around without this bill after the elections in 5 weeks   

[JohnnyVegas]

The house republicans DONT want it,never wanted it,never will want it.Its socialism.Let the market fail for a few months.Yeah,we go into recession,but with this dumb deal,we will be looking at a depression for 10 years.KEEP THE FREAKING GOVERNMENT OUT OF BUISINESS!!!!!!

This is what happens when you try to give stuff to people who dont work for it.Loans to people who cant pay them back,all in the name of "helping".Im so sick of hearing these goof balls saying "they deserve the American dream".NO THEY DONT!!!!YOU WORK FOR YOUR DREAM.Its not given to you by the government.

Billy, you're a fucking idiot.



The republicans voted against the scam because Pelosi dissed them in puiblic, if not for that idiot Pelosi this scam would be a done deal by now.

Just in case you have not figured it out yet Einstein, BOTH the dems and repubs are bought and paid for by Big Business.

BTW Billy , Randall "Duke" Cunningham is in the Big House for 8.8 years, on bribery charges in the biggest corruption case in the history of the US. Congres.

Duke was a republican.

[240 is Back]

Perhaps with the day off to soak it in - if markets don't get in too much trouble - we'll all realize that giving Bush $700 bil wasn't necessary after all

[JohnnyVegas]

This is most excellent.  Are you happy about this Rob?

This is a free market correction.

Time to take our medicine.

It will be painful lesson in the short term, but healthy in the long term.

Fuck Paulson. He is one of the idiots that caused this mess.

[240 is Back]

Bill passes.  McCain takes credit and Palin moves closer to being Pres.  Even 2/3 Repubs saws this coming.  You have a MBA.  The USA will be around without this bill after the elections in 5 weeks   

I;d still put it at 75/25 that it'll pass eventually.

BUT - if everyone digests the impact for the next 48 hours (no congress tomorrow due to holiday), maybe they'll realize they did the right thing.

[QuakerOats]

percentage wise today's drop isn't even in the top 10 of all time.

[JohnnyVegas]

The US dollar is cooked and not for a short time. We are running record deficits with no where to go. No solutions.

The standard of living in this country is going to drop like a stone. It's a fitting end to the worst presidency ever.

We are running, and have been for 30 years, HUGE trade AND budget deficits. The twin spirals of death.

And printing money like it was toilet paper-and that is about what the dollar is worth today.

Bush has been a disater for America. But there is plenty of blame to go around going back to when we first started running the huge twin deficits of trade and budget starting in 1982.

[BM OUT]

Billy, you're a fucking idiot.



The republicans voted against the scam because Pelosi dissed them in puiblic, if not for that idiot Pelosi this scam would be a done deal by now.

Just in case you have not figured it out yet Einstein, BOTH the dems and repubs are bought and paid for by Big Business.

BTW Billy , Randall "Duke" Cunningham is in the Big House for 8.8 years, on bribery charges in the biggest corruption case in the history of the US. Congres.

Duke was a republican.

Sorry,I dont listen to 220lbs pieces of shit lifters who cant bench their bodyweights and dont compete.Come back when you break the 250 mark.

[JOHN MATRIX]

maybe the republican party should be rounded up and put into extermination camps so they cant fuck up the country anymore. COUNTRY FIRST!!!!

[QuakerOats]

maybe the republican party should be rounded up and put into extermination camps so they cant fuck up the country anymore. COUNTRY FIRST!!!!

94 Dems voted no on it too.

[shootfighter1]

Guys, get passed the partisan bullshit.  This is a failure of big business and government combined.  Without some of the key republican leaders, an even worse version of this bill would have been passed on Friday.

I'm glad the bailout failed.  I don't want to protect greedy CEOs, nor do I want the gov to be so involved with the market.  There were good repubs and democrats that voted against this bill.

[QuakerOats]

i still think a smaller bailout is going to pass, something like 350-400 billion.

[shootfighter1]

FYI- Ron Paul was against this bailout from day 1.  Did we screw up by the masses and networks not giving him more credibility and time?  We need someone who will reform spending policies in washington.

Can we replace McCain for Romney now?

[BM OUT]

maybe the republican party should be rounded up and put into extermination camps so they cant fuck up the country anymore. COUNTRY FIRST!!!!

If its such a great bill and IT MUST BE PASSED to save the country.Just tell Pelosi to get the democrats in line and pass it.The republicans cant stop it.Thats whats so amusing.The democrats and the president claim we need to pass it right away,but if they want it passed,pass it.

[big L dawg]

I need to get a gun fast.

talk about waiting till the last minute.

[JohnnyVegas]

Sorry,I dont listen to 220lbs pieces of shit lifters who cant bench their bodyweights and dont compete.Come back when you break the 250 mark.

Actually 220# was when I was in shape-now I am about as fat as you