Washington to Wall Street: Drop Dead

A man of great wisdom:
http://www.atlah.org/broadcast/manningreport.html

How are the Republicans at fault here? Last time I looked, it was the Democrats that had the majority. I really do not think it is the Republican's fault if the Democrats cannot get their people to vote the way they want them too. Look no further than Nancy "foot in mouth" Pelosi as a big reason for this failure. And the people who DID NOT want this bailout to happen. Congress actually listening to the people? Wow, wonders never cease.

The Democrats have a MAJORITY in the House. Why are Republicans being blamed for this failure? If the majority party can't keep their people in line, how is this Republican's fault? As for incompetence, look no further than Nancy "foot in mouth" Pelosi for a large reason this bill did not pass. At any rate, it was the PEOPLE that also had a large hand in this bill not passing. Congress actually listening to the people; wonders never cease.

Not really. They were just holding out for concessions to help big business and higher-income earners. In doubt? See this analysis: http://dissentingjustice.blogspot.com/2008/10/was-gops-opposition-to-bailout-clever.html

Did you read the initial proposal from the White House? The only real heros inthe Hosue are those who said NO. Yes the situation is terrible but do we really need a socialist government to bail us out? That is part of the problem. The original proposal would have extended the Secretary of the Treasury's powers enormously. The then icing on the cake was in Section 8. No over sight and no opportunity to challenge the passage in a court of law? Scare tactics to drive Congress to accpet just one more encroachment upon civil liberties and the free enterprise system. Stupid, greedy people may be clever but they are essentially stupid when they think they can out smart the basic economic principles. So here we are being asked to take on the burden of their folly and while we are at it lose a few more personal freedoms.

Has anyone really read the initial proposal as it was presetned by the White House. There were elements that were totally unacceptable in a free market. Does the American public really want to give that much power to the Secretary of the Treasury? The appointed individual would weild enormous new powers under the proposal. More over go back and read Section 8. If you can swallow that then you are Section 8.*

No Bailout for this industry, JAIL IN should be the word.To me it is a lot like the internet bubble, the NYSE is a highly virtual world where a limited group of people was playing with other peoples and companies money while selling a reality "that it will get better tomorrow and there is nothing you have to do for that".
Yeah sure but only in lalaland. Great marketing however, but who believed the washing powder ads ?
It is amazing to see that a company with 119B$ in real estate assets is sold for just 1,4 orso, there are people getting insanely rich over this, cause what has changed to these real estate assets other then someone has valued them virtually less valuable ? And the taxpayer should fund that ?

Are you crazy??!! These "recalcitrant (Republican House) members" are the only heros of this debacle. If businesses can't run thier operations without overextended credit, then they don't deserve to survive in the American capitalism culture. There are plenty of socialist states for them to go and make thier living with government help. If John McCain suffers it is because he jumped with support toward subsidizing crooked, shortsighted, irresponsible behaivor.

Still Americans have difficulty in "understanding" Barack Obama and think him to be an "enigma" while the whole world reveres him as a "phenomenon"? ...

Wait, Wait . . . you Republicans didn't want the Bailout, but are mad that Pelosi's speech caused it to fail? That's like saying "The food in this restaurant is bad . . . and such small portions!" Remember, optimism looks forward, pessimism looks backward, and anxiety has eyes all over its head. And that's how you're reacting . . . flailing out at everything in your panic over McCain's declining numbers. Nobody really wants a bailout, but if we throw Wall Street and the investment banks overboard, pretty soon we'll see that Main Street is shackled to them and will be dragged along with them to drown.

Well, you almost had me going there for a moment, Mr Bunchoff! Obviously, you are very liberal, and have have lots of money in Wall Street. Am I correcit?

Listen, there are historical examples of the kind of scenario we are facing: 1929 in the US and 1989 in Japan being the most memorable. It is clear that coming to a crisis like this always causes severe economic problems. The only way to mitigate them is to act, and act quickly to stabilize the system in the short term and regulate the system again in the longer term. In 1929, the Hoover administration's Treasury secretary's rallying cry was "liquidate them all" in a do-nothing-that's-the-conservative-way 3 years, resulting in a horrible catastrophe. So all you fools out there who oppose a bailout, I advise you to get curious about facts and not just spout your ideology. In other words, don't be like Sarah Palin.

Let Wall Street get a taste of their own medicine. No bailout!
These are the people who have no problem laying of thousands in favor if hiring people who will do the same job for half the price; shipping jobs overseas; breaking up companies; and, receiving more than $64 billion in bonuses last year alone while the rest of us can barley make it to our next paycheck. These people do not care about you until their own necks are on the line. I say let the big boys take a ride down the rapids. It will be a good learning experience. Maybe the will be a little more forgiving in the future.

loriw

John McCain has shown once and for all that he is not competent to be President. Sen McCain "put country first"? Are you kidding? The only reason Sen McCain "suspended" his campaign (it was never actually suspended - apparently the campaign workers in places like Iowa and other key states never got the memo so please spare everyone the story about the suspension) was because his poll numbers kept dropping. Sen McCain has not had a single coherent response to this mess for the last 2 weeks - what a surprise!!!

The only thing Sen McCain succeeded in doing is making a huge mess even bigger and messier. Leadership? What leadership? Even the majority of Reps from Arizona voted against the bailout bill - he couldn't even sway them! And please - spare me the sermon about Nancy Pelosi. The Republicans picked a fine time to get sensitive - poor them - their feelings were hurt. How convenient that they forgot about everyone else. So if you want to talk about incompetence - start with your moron candidate McCain.