Its called the "Bubba Effect" and its real. Combine that with criminal theft, a fascist press, and there you have it.
WDemDem
· 1 year ago
The issue is that these companies will no longer be private corporations. They will essentially be owned by us, for a period of time. Yes, make it a public vote. These assholes should be jumping at the chance to limit the damage to the taxpayer. Oh but wait, I'm thinking from a logical point of view. My bad.
blackwolf
· 1 year ago
I hope....the dems don't cave in. There's something weird about all of this I can't put my finger on. The dems control congress. What is all the fuss about?
jimfromthefoothills
· 1 year ago
something stinks
SteveInChicago (spsnomad)
· 1 year ago
The Republicans have handed the Democrats a lit stick of dynamite with this. The stock market is going to crash anyway; it's just a question of when.
If the bill passes, the Republicans pump the economy full of sugar and caffeine until after the election, and we crash later. If the bill doesn't pass, the market crashes now, and we're the scapegoats. The short selling ban cleared out resistance below. There is no floor.
Either way, once his term is up, Paulson goes back to Goldman Sachs and, in the words of Rep. McDermott, "catches the pass he himself threw."
michaelt
· 1 year ago
still in love with Pelosi?
that's unfortunate.
HelenaMontana
· 1 year ago
Nobody's going to call their bluff. The craven Dems continue to be intimidated by the GOP. Either that, or they're on the take too. Either way, no bluffs will be called (except the Dems'), who as usual, will be manipulated and played by the Bushies--as Lucy and her football did to poor Charlie Brown over and over again. Time after time.
red_dwarf
· 1 year ago
Helena - I agree. Craven Dems. Pelosi, Reid. 8% approval rating. What else do you need to know? Stand up and fight? What a joke.
lilybart
· 1 year ago
If Barclays is buying Lehman and Barclays is one of the foreign banks getting a bail out, then Lehman should NOT be able to give 25 BILLION in bonuses or Barclays doesn't get a bail out.
Why is this not an issue?
cowboyneok
· 1 year ago
Call Congress now: 202-224-3121
Ask to speak to: Nancy Pelosi and Harry Reid's office and direct them to like Joe writes " insist on a separate vote on the CEO pay provision. Make that a condition of the package. No deals behind closed doors. Make them vote. We deserve a roll call vote -- and it will be good for the CEOs to see just who their friends are. Let Bush threaten a veto over the CEO pay provision."
I'm going to RIGHT NOW before I go work at the Tulsa "Obama for Oklahoma!" office.
I just called them both, and called my Democratic congressman. Didn't bother with the two idiot Republican Senators Inhofe and Coburn. Inhofe is trying to get re-elected so the Republican caucus will probably let him vote against the CEOs but otherwise he would be right there protecting his fat cat buddies.
MNUSA
· 1 year ago
Call the Repubs anyway. If they're in office, they're (supposed to be) working for you.
SteveInChicago (spsnomad)
· 1 year ago
From this statement, Coburn seems to be against it.
The CEOs who screwed everything up should go to jail without pay. They screwed over the consumers and screwed over America all in the name of greed (the Republican mantra). I would hope they do not bail these companies out and let them perish. Good riddance. If they do, then they should set up something like they have done here in Europe where the CEO pay is associated by a multiple of the lowest salaried employee. There is no shame in making a million or two Dollars, it just won't be the 50+ millions they are used to having playing with other people's lives.
cowboyneok
· 1 year ago
Yes, if we are nationalizing companies why is it so difficult to ask some in America to budget themselves and ask them to live with what we pay our President? I mean most of us would gladly live on $400,000.00. I come from a wealthy family, compared to the average, and I would live just fine on $400,000.00 per year.
jimfromthefoothills
· 1 year ago
yes, why hasn't this been brought up? If you steal $50 you can go to jail, why hasn't obama pledged to proscute thieves???
Indigo
· 1 year ago
This is a good time to just say no. Let the lameduck hobble along until February. By then, the chaff will have blown away. Then we can review all this in a carefully moderated and calm way.
JohnInTexas
· 1 year ago
Elections are coming up and a lot of Dems as well as GOPers can be out of a job if they don't do right by us this time. May as well have a whole lot of new faces than reelect some of the same shit with lipstick we have now, and I say that in the utmost bipartisan way.
triple7s
· 1 year ago
NO to a BAILOUT. And NO to a CEO REWARD for BAD BEHAVIOR.
MNUSA
· 1 year ago
I hope everyone is inundating their Senators and Congresspeople with emails and phone calls about this.
randysmith
· 1 year ago
" 'It should be up to the board of directors of a private corporation to set the compensation of an executive; it shouldn't be Congress's role,' Sen. Richard Shelby (Ala.) proclaimed on CBS News."
Agree! Completely. But Congress -- ie, we the taxpayer -- should be able to set whatever restrictions/limits we feel desirable when/if a company comes begging for money. Saying how our money can be spent seems like a reasonable condition. If the "board of directors" don't want to ask for a bailout, that's fine! Great, actually! Let them and their overpaid executives sort out the mess and solve the problem without outside help...
Actually, I'm not sure why we don't just let them go bankrupt.. Wipe out all the stockholder equity. Repay bondholders pennies on the dollar.
MoonDragon
· 1 year ago
A receiver is often put in place when a private (natural) person declares bankruptcy and asks to restructure financially. The receiver (I think that's the term) has the power to give the "Go/no go" on any expenditures above a limited personal allowance. What's wrong with expecting the same of a corporate person. If a private person refuses the receiver, bankruptcy protections are lost. If the corporate persons here don't want oversight, maybe they should sink.
The Republican administration and its allies in congress seem to be of a mind that it's a good thing to protect bad practices that are beneficial to a few.
Thees guys (the bailees) are like a bunch of drunks who show up at a party knowing that they will probably be too drunk to drive at the end of the night. The host is offering to pay for rides home if the drunks, who really aren't in any shape to drive to begin with, hand over the keys. The drunks are screaming that the host should just give them the money and leave them in possession of the keys, allowing them to drive away whenever they want with the money, wreaking havoc on the highway. If the host refused to acquiesce, the drunks say they'll leave right now and to back on the highway.
Sheesh.
SCLiberal
· 1 year ago
As someone who has gone through a bankruptcy (a job loss and cancer double header) I can attest to the limiting penalties imposed. MoonDragon is right—the same rules should apply to the corporates. But the Leona Helmsley mentality prevails so they probably won't. I sitll think we are headed for martial law prior to January 20.
jimfromthefoothills
· 1 year ago
If my dems pass this Bush bullshit bill I will not vote this November. This is the biggest giveaway in the history of the country.
I know nothing about economics but I do know enough to know when I'm being sold bullshit.
While the American public has been kept amused by the popularity contest to pick the next "Figurehead" leader of the country, the powermongers have slipped in the backdoor and are about to select the "King Of The World".
To give one person, or group of people this much money and this much power without any oversight or accountability is totally crazy.
We are about to put, not only, all American business but all world business under the absolute control of a few people who answer to no government agency or court.
DOESN'T ANYBODY SEE ANYTHING WRONG WITH THIS????
These people have been trying to get all the power concentrated into a few hands for a long time and we are helping them do it.
When a small segment of the country run around screaming "Don't Panic". I get the idea that someone wants us to panic. When the message is , "No Time To Think. Do IT Now, DO IT NOW" It is a perfect time to slow down and study the situation. Has anybody, except the people who will most profit from the existance of monsters, seen the monsters?
Like I said. I know nothing. But I can tell when I'm being stampeded and there is definitly an oder of "Bullshit" in the air.
JohnInTexas
· 1 year ago
I live in Texas where the bullshit in the air is pretty strong all the time, and this stench is a whole lot worse.
High Crimes & Misdemeanors
· 1 year ago
"Do IT Now, DO IT NOW" - that sounds so much like bill orielly from "FIXED NOISE"
DKarma
· 1 year ago
"It should be up to the board of directors of a private corporation to set the compensation of an executive; it shouldn't be Congress's role," Sen. Richard Shelby (Ala.) proclaimed on CBS News.
*** Yes it should and when that private corporation needs to be sold to the American taxpayers because those CEOs fucked up ROYALLY then it should be up to the American taxpayer to decide what these people get as a reward for screwing up the country's economy. It's called punishment and accountability. Republican's don't know the definition of those words.
MalibuBarbie
· 1 year ago
Yes, yes, yes! Let's vote on it! Fewer entities participating means less taxpayer money shoveled into this corrupt bailout.
NO ON CEO MILLIONS!!
Nuffsaid
· 1 year ago
NO TO THE BAILOUT!!!!!!!!!!!!
This is not a move to make a few billion dollars for a few people. Or to re-write the rules. This is a move to take over the entire playing field.
They want to say that because a large number of "Poor" people bought houses they could not afford it is going to destroy our economic system. If you bought every poor person in this country a house free and clear it would not cost as much as this 'Bailout". It just doesn't make sense.
High Crimes & Misdemeanors
· 1 year ago
Jesus H Christ on a stick, can you believe this lame duck president is still "warning" lawmakers i.e the DEM leadership what to do. If this does not show how ineffective and cowardly the DEM leadership has been, nothing will tell you that. NOTHING. I hope to god when Obama is president, we rid of pelosi and ried, treasonous spines of marshmallow at best. As MoveOn.org is saying this morning: call you congresspunk, tell them NO to the bush junta. -------------------------------------- "Bush issued a statement yesterday warning lawmakers not to "insist on provisions that would undermine the effectiveness of the plan," and White House press secretary Dana Perino, asked about Democrats' plans to limit executive compensation, advised them to pass the legislation as Paulson proposed it, "the cleaner the better, and the quicker the better."
MNUSA
· 1 year ago
He still thinks he's the president. But the real power behind the throne is heading to Capitol Hill today for a "closed-door" meeting with Repubs. Why are the doors closed on these machinations? I say let the sun shine in and allow all of to see what they are doing with our hard earned dollars.
lilyannerose
· 1 year ago
I'd be more inclined to demand that these CEO's assets be liquidated and proceeds be applied on this bail out. The very idea that the monies brought into the Treasury by America's struggling workers be used to support the extravagent lifestyle of these "elites" is gut wrenching.
MNUSA
· 1 year ago
If you or I had looted an organization, or a storefront, you bet we'd be prosecuted.
naschkatzehussein
· 1 year ago
What agreement have they come to on Section 8? It is unconsitutional, taking away the power of the Congress to set fiscal policy and make payments and giving it to Financial Dictator Paulson. It is also unconstitutional in saying that the Secretary of Treasury's decisions (executive branch) cannot be review by the other two branches of government, judicial and legislative.
paulbe
· 1 year ago
Whoever would have thought 700 billion would start to look like a mere drop in the bucket. A shiny penny to whoever can work out how many generations of middle and lower income taxpayers are going to be paying this shit off as is, let alone adding in more "emergency" bailouts to come. (Goldman Sachs anyone??).
SteveInChicago (spsnomad)
· 1 year ago
It's not just $700 Billion. It's $700 billion in securities in the pipe AT ANY GIVEN TIME. Once they sell the assets, they can reverse auction (buy) another $700 Billion, up to the National Debt ceiling ($11.3 Trillion as of a few weeks ago.) Obama's right -- it is literally a blank checks.
By the way, I know a lot of conservatives, and they're as incensed about this as we are.
Nuffsaid
· 1 year ago
Boys and Girls we are about to be sold "A Bridge To Nowhere" and America, as we know it will be gone.
michaelt
· 1 year ago
we're all on the bridge to nowhere now.
BillP
· 1 year ago
No Golden Parachutes, let the plane crash first!
Or, if they think this is too dangerous, then let everyone share the same parachutes. The incompetent pilots do not get to bail out while the passengers crash.
BP
tbhull
· 1 year ago
A large majority of the repubs will not vote for the bailout for whatever reason, but primarily because they plan on using bailout plan passed, even one with the bells and whistles proposed by dems including mortgage releif for homeowners, bankruptcy not reformation, executive pay provisions, and government equity inprivate corporations, and then use it to distance from BushCo and call more taxes, more big governemtn and succumbing to "bailout mania".
Why is it that everytime a difficult situation arises the stupid fucking cowards in the democratic go screaming around like a bunch of screaming queeny chiken littles babbling nonsene and hands flailing in the air like Palin at a Pentacostal church service? Moreover, why is the democratic party solution to every problem ore government and throwing ungodly taxpayer dollars at the problem. The need to pass more stringent regulation can wait, however, the real core problem facing the industry today cannot be solved by government. Only the market can solve this leveraged crap piled a mile high over years. The market must determine what happens to the system and if it fails we will rebuild anew with new regulations. The Taxpayers do not assume the risk of the success of private companies.
What makes the dems think they can cut a "deal" that benefits taxpayers with only a week of review and reliance on the very intelligent shysters that drove us into the ditch. They simply cannot and telling the American people that they can is UTTER AND COMPLETE BULLSHIT.
I*f the dems pass this bailout in ANY form, Obama loses the /White House. THE PUBLIC DOES WANT THE BAILOUT. The public does not want the bailout. Only Bush, Wall Street and the limousine liberal cowards that lead the democratic party in Congress considering bailout passage want a bailout.
Even an incoherent senile McCain can adopt a populist no big government, no big money Wall Street welfare momma ticket.
Obama's campaign better be aware, otherwise they will watch and learn the hard way.
High Crimes & Misdemeanors
· 1 year ago
I*f the dems pass this bailout in ANY form, Obama loses the /White House. THE PUBLIC DOES WANT THE BAILOUT.
--------- While i share your sentiments tbhull, I really have to wonder if there is a correlation from this bailout to Obama losing the white house. i mean by this, are there enough people to make that the basis of their decision to not vote for obama or just sit this one out? I just don't think so. and btw, im not sure, but i think you mean "the public doesn't want the bailout" right?? In any case, i think people may just say, the hell with how it gets voted, we need change and that change comes with Obama. My thinking is that Obama is being put to the test in this mess. Is this the October surprise? Or is there more coming?
tbhull
· 1 year ago
The undecided voters are primarily made up of those that detest government spending and big governement. The repubs' argument all along, whether right or not, is that the dems stand for big government and higher taxes, while repubs stand for limiuted government and lower taxes. This the argument that allowed Reagan to transform the landscape in 1980 and the republicans have been riding this pony to victorty ever since.
A dem Congress passing this bailout feeds this argument big big time and will sway indepnendent voters to McCain and the repubs if he and the repubs oppose the bailout, and they will., Moreover, it allows McCain a way to break away from Bush and link Obama to Bush and the DC power brokers in support of this the most iportant issue since Iraq.
Lastly, Obama is alreadyt saying the cost of the bailout will not allow allow of his iniitative tp proceed as planned. Without these initiatives, Obama loses appeal.
Watch wait and see.
High Crimes & Misdemeanors
· 1 year ago
A dem Congress passing this bailout feeds this argument big big time and will sway indepnendent voters to McCain and the repubs if he and the repubs oppose the bailout, and they will.
---------
I would hope our indpendents would be smarter then this. I don't thiank all detest government or want it smaller. I think alot of them want a better governement. one that works. I am in independent, i am not 100% behind Obama, but he is so much better in what we have had, that's the only choice we have in the two party system. I know it's pitiful, but that the reality.
I would hope that independents are above the fray.
And yes, we shall see....
tbhull
· 1 year ago
Here is the first reaction of the voters out there and a strong concensus of opposition to the bailout. Of course these folks trusts Obama.
Obama loses that trust to a large degree if he votes for the bailout.
Yes, we will all wait, watch and see.
gonzalez
· 1 year ago
This is the pattern of the Bush idiots. Screw things up so bad and then tell Congress to fix it immidiatly and that there is no time to waste. And, by the way, we can't have any oversight since there is no time. Iraq, Patriat Act, etc. etc. Same shit with these idiots.
kevinbgoode
· 1 year ago
The voice of the American people should be made VERY CLEAR. If you are going to use OUR money to bailout your sorry-ass, incompetent corporation, then we WILL have a say in compensation.
The GOP for years have whined about "welfare queens" and decried the poor getting food stamps, nearly demanding forced sweatshop work to compensate the taxpayers for assisting the needy. We have every right to demand at least the same level of oversight when we are forced to give a trillion dollars in welfare to companies. Let the CEOs find work in the minimum-wage sector, just like the "welfare queens," and lets see how they make ends meet without having their own mortgages foreclosed. . .
brb915
· 1 year ago
That is right, and while you're at it all you stuff shirts can kiss my law abiding, tax paying, budget following, bill on timing ass
MNUSA
· 1 year ago
No bail-outs for CEOs that can't afford to pay their mortgages. They should have known better.
SCLiberal
· 1 year ago
If the Democrats, Reid and Pelosi in particular, do force a vote, I'll be flabbergasted. I'm expecting them to cave, as usual.
nicho
· 1 year ago
Here's my idea -- in return for the bailout, all corporate CEOs must work for minimum wage until the bailout money is returned. No other compensation -- no deferred comp, no stock options, no nothing. Once the taxpayers get all their money back -- with interest -- they can go back to ripping off stockholders.
Xcalibar
· 1 year ago
It appears to me that the Senators making comments similar to Shelby are vying for there next job after they retire from Congress with big taxpayer supported pensions. So maybe we should add to the bill taht any congressperson or Senator loses their pension when they go to work in the private sector as a CEO/COO/CFO/Board member of any publicly held or pseudo government institution. That would pop a lot of balloons. But let's be realistic, these companies ( swhich apparently will now include those that offer or back student loans, auto loans and credit cards) are the same companies that take our beloved leadership to lunch every day. I call on the Constitutionalist in the Senate to set this issue right. Senator Byrd are you awake today, this bailout violates every tenet the founding fathers put down in writing. We are supposed to be a free market, with this intervention that is no longer the case. Jefferson is rolling over in his grave.
nikolai
· 1 year ago
The proposed bailout is FASCISM.
Look how Bush is insisting upon paying the CEOs who caused this mess their BONUSES (BONUSES???) golden parachutes, and millions upon millions in salaries, while YOU the taxpayer pay for their "mistakes" while they are REWARDED for them!!!
ninjakiller
· 1 year ago
This should be the issue headlining the election. Democrats should be calling for an open vote in public to see who will protect ceos over taxpayer money. But I know in my heart they'll cave like the fucking weak spineless little children they always seem to be when it comes to the most important issues. Watch the announcement of a "compromise" later tomorrow which boils down to giving the rethugs everything they want, and having some token "participatory panel on bonuses" or some bullshit like that be part of the deal. Which btw will never meet.
MNUSA
· 1 year ago
I agree with Shelby. The board of directors of a private corporation should be allowed to set the CEO's salary, except when they have their hand out for public money. Then they become beggars and should take what is given to them without whining. A public corporation, however, is quite different.
red_dwarf
· 1 year ago
Well said Minn - beggers - good choice of verbage.
RedFoxOne
· 1 year ago
Isnt it just ironic how they just have to include multi million dollar payouts to the higher ups. What a pathetic Joke. Dictator Bush has truly run this once great country straight into the ground!
If this is the hill they want to die defending, let 'em. Just let them put the thousand foot neon exclamation point on their party statement of "Fuck the working class!"
The minute Bushy told congress to "rapidly pass" this bailout, the entire country should have suspected something was amiss! The more I hear about this and how the GOP is against limiting the execs' pay, the less I like about it. It just seems that Bush is again trying to sneak another WMD project past the American people before we have a chance to realize its all smoke and mirrors...
Xcalibar
· 1 year ago
No BAILOUT is the best option. Who are we kidding ? As soon as this passes, every third rate credit card company and subprime lender is going to have their hands out. PLEASE SAVE ME FROM MYSELF. Sometimes I wonder how the hell our elected officials manage to stay in their jobs.
rexkc
· 1 year ago
While I agree that it should be up to the Boards of Directors and ultimately the shareholders to determine executive pay, but it is the role of Congress to stipulate requirements of companies that qualify for public bailouts. If corporate boards feel they can create more shareholder value by hanging on to the pay packages for their executives and foregoing public assistance then their decision should be respected. The public's money can probably be better used elsewhere.
I liken this to welfare, corporate welfare. Not everyone qulifies for welfare. And those that do qualify give up some control in return for receiving public assistance.
Wesinoregon
· 1 year ago
We paid these crooks ONCE for their products... How do they think they got the money to run their companies to begin with?
midoris
· 1 year ago
So the CEO's would rather allow their companies to fail and hurt our national economy than leave without their big box of money? Sounds like they're threatening to hold our economy hostage, complete with ransom demands. I thought the US didn't make deals with terrorists...
sctechie
· 1 year ago
Hi everyone. First post here, been reading for a while. I'm the fiscally conservative / socially liberal type, and this economic bailout issue has really perked me up. The sheer gall of the bill first proposed by the Bush administration is incredible. The idea of giving 700billion+ to a few people, with no oversight (judicial or congressional) is made only worse by the fact that the same people administering the bailout as caused it in the first place. Just because they left the company a few years ago doesn't make them independent, it's all the same crowd.
I suggest watching: http://www.youtube.com/watch?v=S27yitK32ds for a real plan. It's a speech on the floor by (D-Ohio) Rep.Marcy Kaptur. Not perfect but the best I've heard on this issue period!
All Comments
http://www.cnn.com/2008/POLITICS/09/22/race.pol...
If the bill passes, the Republicans pump the economy full of sugar and caffeine until after the election, and we crash later. If the bill doesn't pass, the market crashes now, and we're the scapegoats. The short selling ban cleared out resistance below. There is no floor.
Either way, once his term is up, Paulson goes back to Goldman Sachs and, in the words of Rep. McDermott, "catches the pass he himself threw."
that's unfortunate.
Why is this not an issue?
Ask to speak to: Nancy Pelosi and Harry Reid's office and direct them to like Joe writes " insist on a separate vote on the CEO pay provision. Make that a condition of the package. No deals behind closed doors. Make them vote. We deserve a roll call vote -- and it will be good for the CEOs to see just who their friends are. Let Bush threaten a veto over the CEO pay provision."
I'm going to RIGHT NOW before I go work at the Tulsa "Obama for Oklahoma!" office.
I just called them both, and called my Democratic congressman. Didn't bother with the two idiot Republican Senators Inhofe and Coburn. Inhofe is trying to get re-elected so the Republican caucus will probably let him vote against the CEOs but otherwise he would be right there protecting his fat cat buddies.
http://tinyurl.com/3q8rsd
Agree! Completely. But Congress -- ie, we the taxpayer -- should be able to set whatever restrictions/limits we feel desirable when/if a company comes begging for money. Saying how our money can be spent seems like a reasonable condition.
If the "board of directors" don't want to ask for a bailout, that's fine! Great, actually! Let them and their overpaid executives sort out the mess and solve the problem without outside help...
Actually, I'm not sure why we don't just let them go bankrupt.. Wipe out all the stockholder equity. Repay bondholders pennies on the dollar.
The Republican administration and its allies in congress seem to be of a mind that it's a good thing to protect bad practices that are beneficial to a few.
Thees guys (the bailees) are like a bunch of drunks who show up at a party knowing that they will probably be too drunk to drive at the end of the night. The host is offering to pay for rides home if the drunks, who really aren't in any shape to drive to begin with, hand over the keys. The drunks are screaming that the host should just give them the money and leave them in possession of the keys, allowing them to drive away whenever they want with the money, wreaking havoc on the highway. If the host refused to acquiesce, the drunks say they'll leave right now and to back on the highway.
Sheesh.
I sitll think we are headed for martial law prior to January 20.
I know nothing about economics but I do know enough to know when I'm being sold bullshit.
While the American public has been kept amused by the popularity contest to pick the next "Figurehead" leader of the country, the powermongers have slipped in the backdoor and are about to select the "King Of The World".
To give one person, or group of people this much money and this much power without any oversight or accountability is totally crazy.
We are about to put, not only, all American business but all world business under the absolute control of a few people who answer to no government agency or court.
DOESN'T ANYBODY SEE ANYTHING WRONG WITH THIS????
These people have been trying to get all the power concentrated into a few hands for a long time and we are helping them do it.
When a small segment of the country run around screaming "Don't Panic". I get the idea that someone wants us to panic. When the message is , "No Time To Think. Do IT Now, DO IT NOW" It is a perfect time to slow down and study the situation. Has anybody, except the people who will most profit from the existance of monsters, seen the monsters?
Like I said. I know nothing. But I can tell when I'm being stampeded and there is definitly an oder of "Bullshit" in the air.
***
Yes it should and when that private corporation needs to be sold to the American taxpayers because those CEOs fucked up ROYALLY then it should be up to the American taxpayer to decide what these people get as a reward for screwing up the country's economy. It's called punishment and accountability. Republican's don't know the definition of those words.
NO ON CEO MILLIONS!!
This is not a move to make a few billion dollars for a few people. Or to re-write the rules. This is a move to take over the entire playing field.
They want to say that because a large number of "Poor" people bought houses they could not afford it is going to destroy our economic system. If you bought every poor person in this country a house free and clear it would not cost as much as this 'Bailout". It just doesn't make sense.
As MoveOn.org is saying this morning: call you congresspunk, tell them NO to the bush junta.
--------------------------------------
"Bush issued a statement yesterday warning lawmakers not to "insist on provisions that would undermine the effectiveness of the plan," and White House press secretary Dana Perino, asked about Democrats' plans to limit executive compensation, advised them to pass the legislation as Paulson proposed it, "the cleaner the better, and the quicker the better."
By the way, I know a lot of conservatives, and they're as incensed about this as we are.
Or, if they think this is too dangerous, then let everyone share the same parachutes. The incompetent pilots do not get to bail out while the passengers crash.
BP
Why is it that everytime a difficult situation arises the stupid fucking cowards in the democratic go screaming around like a bunch of screaming queeny chiken littles babbling nonsene and hands flailing in the air like Palin at a Pentacostal church service? Moreover, why is the democratic party solution to every problem ore government and throwing ungodly taxpayer dollars at the problem. The need to pass more stringent regulation can wait, however, the real core problem facing the industry today cannot be solved by government. Only the market can solve this leveraged crap piled a mile high over years. The market must determine what happens to the system and if it fails we will rebuild anew with new regulations. The Taxpayers do not assume the risk of the success of private companies.
What makes the dems think they can cut a "deal" that benefits taxpayers with only a week of review and reliance on the very intelligent shysters that drove us into the ditch. They simply cannot and telling the American people that they can is UTTER AND COMPLETE BULLSHIT.
I*f the dems pass this bailout in ANY form, Obama loses the /White House. THE PUBLIC DOES WANT THE BAILOUT. The public does not want the bailout. Only Bush, Wall Street and the limousine liberal cowards that lead the democratic party in Congress considering bailout passage want a bailout.
Even an incoherent senile McCain can adopt a populist no big government, no big money Wall Street welfare momma ticket.
Obama's campaign better be aware, otherwise they will watch and learn the hard way.
---------
While i share your sentiments tbhull, I really have to wonder if there is a correlation from this bailout to Obama losing the white house. i mean by this, are there enough people to make that the basis of their decision to not vote for obama or just sit this one out? I just don't think so. and btw, im not sure, but i think you mean "the public doesn't want the bailout" right?? In any case, i think people may just say, the hell with how it gets voted, we need change and that change comes with Obama. My thinking is that Obama is being put to the test in this mess. Is this the October surprise? Or is there more coming?
A dem Congress passing this bailout feeds this argument big big time and will sway indepnendent voters to McCain and the repubs if he and the repubs oppose the bailout, and they will., Moreover, it allows McCain a way to break away from Bush and link Obama to Bush and the DC power brokers in support of this the most iportant issue since Iraq.
Lastly, Obama is alreadyt saying the cost of the bailout will not allow allow of his iniitative tp proceed as planned. Without these initiatives, Obama loses appeal.
Watch wait and see.
---------
I would hope our indpendents would be smarter then this. I don't thiank all detest government or want it smaller. I think alot of them want a better governement. one that works. I am in independent, i am not 100% behind Obama, but he is so much better in what we have had, that's the only choice we have in the two party system. I know it's pitiful, but that the reality.
I would hope that independents are above the fray.
And yes, we shall see....
http://www.bloomberg.com/apps/news?pid=20601087...
Obama loses that trust to a large degree if he votes for the bailout.
Yes, we will all wait, watch and see.
The GOP for years have whined about "welfare queens" and decried the poor getting food stamps, nearly demanding forced sweatshop work to compensate the taxpayers for assisting the needy. We have every right to demand at least the same level of oversight when we are forced to give a trillion dollars in welfare to companies. Let the CEOs find work in the minimum-wage sector, just like the "welfare queens," and lets see how they make ends meet without having their own mortgages foreclosed. . .
So maybe we should add to the bill taht any congressperson or Senator loses their pension when they go to work in the private sector as a CEO/COO/CFO/Board member of any publicly held or pseudo government institution.
That would pop a lot of balloons.
But let's be realistic, these companies ( swhich apparently will now include those that offer or back student loans, auto loans and credit cards) are the same companies that take our beloved leadership to lunch every day.
I call on the Constitutionalist in the Senate to set this issue right. Senator Byrd are you awake today, this bailout violates every tenet the founding fathers put down in writing. We are supposed to be a free market, with this intervention that is no longer the case.
Jefferson is rolling over in his grave.
Look how Bush is insisting upon paying the CEOs who caused this mess their BONUSES (BONUSES???) golden parachutes, and millions upon millions in salaries, while YOU the taxpayer pay for their "mistakes" while they are REWARDED for them!!!
www.anonymize.us.tc
http://thesebastards.blogspot.com/
I liken this to welfare, corporate welfare. Not everyone qulifies for welfare. And those that do qualify give up some control in return for receiving public assistance.
I suggest watching: http://www.youtube.com/watch?v=S27yitK32ds for a real plan. It's a speech on the floor by (D-Ohio) Rep.Marcy Kaptur. Not perfect but the best I've heard on this issue period!