bailout dead

Tags: Bailout, Politics, Dys, Ceo Compensation, Sell-Out
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well,it seems the republicans and some dems have killed the bail-out bill.

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[+6] - Robert Gentel - 09/29/2008Then they should make separate bills and inject at least 100 billion [i]now[/i] as a simple loan to banks to get us some liquidity while they figure out the details on a larger proposal. I don't...
[+6] - Lambchop - 09/29/2008I don't know what to think about this. Part of me is disgusted by the thought of bailing out these clowns. But the other part of me doesn't want this country to plunge into a major depression. ...
[+5] - CalamityJane - 09/29/2008It certainly is frightening to see the market plunge 700 points, however, I am relieved that the bailout was voted down. At the same token, I am surprised that more Republicans voted it down than...
[+5] - rosborne979 - 09/29/2008[quote]12 republicans pull out because Pelosi hurt their feelings...pussy pussy pussy pussy pussy[/quote] As much fun as it is to call the republicans pussies, I don't think they really pulled out...
[+5] - hamburger - 09/29/2008looking across from the northern border ... ... i noticed that on several threads posters have asked : "where is the money going to come from ? " . i've spent some time (probably...
[+5] - Cycloptichorn - 09/29/2008Okay, here's the text of what Pelosi said: [quote]Rep. Pelosi's Remarks on Floor Ahead of House Bailout Vote "Madam Speaker, when was the last time someone asked you for $700 billion? ...
[+5] - Cycloptichorn - 09/29/2008[quote="Rockhead"] Define survive, One-eye... Please? [/quote] Survive: we will have some pain, a re-adjustment of standard of living for citizens, and a dose of humility. There...
[+5] - Cycloptichorn - 09/29/2008[quote="JPB"] I have no knowledge of your situation, cyclo. You say you are prepared and have been preparing for two years. Good for you to be in a position to do that. I do think...
[+5] - Cycloptichorn - 09/30/2008[quote="DrewDad"] I suppose we could all go back to a 19th-century level of technology. When are you planting your field, Cyclo? Have you bought your mules yet? [/quote] There...
[+5] - Debra Law - 09/30/2008Robert Gentel: "Why right do they have to decide on ceilings for [i]everyone[/i]?" The same could be asked about Congressional power to establish floors for everyone, i.e., minimum...

@dyslexia,

Eh?

Got a link?

3 Replies

@sozobe,

Bailout fails.

Stock market instantly falls 700 points

Wow

Cycloptichorn

1 Reply

@sozobe,

cspan

0 Replies

@sozobe,

Oh. Just turned on CNN.

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DOW down 400

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@Cycloptichorn,

Looks like it's not over. A vote changed a bit ago (nay to yea) and people are evidently still trying to make things happen.

May not actually work of course. May not have a chance of working, I don't know.

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Nazi Piglosi shot down in flames by her own party... Must really suck to be Piglosi or Schumer or Frank today.

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House Vote:

Demotcratic 141 (Yea) 94 (Nay)
Republican 66 (Yea) 132 (Nay) 1 (NV)
Totals 207 (yea) 226 (Nay)

Party leaders still twisting arms, but they need 10 more yea votes

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There's wheeling and dealing going on in the back rooms of Congress. What trade-offs will be made to get those additional 10 votes?

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@gungasnake,

You still don't understand how congress works in our country.

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@Debra Law,

It seems like it's now officially dead, and things start over, or something. Talk about Pelosi and Boehner meeting and figuring out where to go from here.

1 Reply

DOW down 500

1 Reply

@dyslexia,

jesus

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@sozobe,

Congress must do more than just a bailout of banks and finance companies, although the issue of liquidity must be addressed first. Many people rely on credit to buy things, make payroll, and other important issues that maintains our economy. It would be short-sighted not to attack liquidity first.

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just my wild guess but could be that the repubs (mccain) will drop at least 10 points in the polls tomorrow.

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I'm trying to make sense of this, doing a round of usual blogs. Most of them are saying "uh, what the heck just happened?" Or "more soon." Meanwhile Marc Ambinder is scaring the shit out of me:

Quote:

Where Were You When The World Economy Collapsed?

29 Sep 2008 02:04 pm

1:56 pm ET.

Where's Tom Delay when you need 'em?

Who gets blamed for the House Republicans? McCain? Obama? No one?

What's the contingency plan?

What can the government do by itself?

Marc AMBINDER. He's usually the calm, collected, don't-panic person.

Dow's up a bit.

1 Reply

@sozobe,

Today's DOW so far:

http://img.photobucket.com/albums/v97/imposter222/t.png

1 Reply

@cicerone imposter,

The market is having a hissy fit. It will adjust. Let's spend that 700 billion of taxpayer dollars to rebuild the country from the bottom up.

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It appears that Congress is grandstanding. The GOP blames Pelosi's "partisanship" and says that it intends to "go back" and rewrite the bill.

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bailout dead

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