Bailout bill failing in House

[OCGuy]

Originally posted by: GTKeeper

Originally posted by: Delta6Echo
Alright. I've heard the doom-and-gloom but I think that every homeowner wants to know how this will impact their mortgage/taxes/values. Will the bail out help the housing industry or will it be much of the same?

Will the government essentially take all the bad debt (loans) and provide work-out options for homeowners who want to stay in their homes but cannot afford the mortgage?

For the common folk here is the impact:

Most will lose their houses if they had an ARM type of loan since they will not be able to refi into a fixed rate one.

For everyone else, higher taxes to pay for everything.

You know the definition of most, right? Have you seen the default rates?

 

[Wreckem]

Originally posted by: Hafen
What a bunch of bullshit. 2/3 of Republicans voted no letting this bill fail. Its was supposed to be a bipartisan effort, and instead the reps bailed on their end of the deal letting this fail and the markets crash to score political points. They thought they let the Dems just vote the thing thru and take all the political fury for passing the "wall street bailout" while they would try to claim the high road of opposing this HUGELY unpopular bill, yet comfortable the needed bill would get passed.

Now Dems come up slightly short (only 60% voted for it) and the Reps are AWOL. If only half of Reps voted for it it would have passed and both parties would be responsible for passing the hated but needed bailout. That is putting Country First, letting things go to shit for political points is Party First and that's what 2/3s of Reps and 1/3 of Dems have one.
WTF

It was bipartisan until the Dems made it partisan.

Actually it was bipartisan. It took a bipartisan effort to defeat it.

Bottom line is, the bill SHOULD NEVER HAVE BEEN BROUGHT TO THE FLOOR today.

 

[Specop 007]

Originally posted by: Hafen
What a bunch of bullshit. 2/3 of Republicans voted no letting this bill fail. Its was supposed to be a bipartisan effort, and instead the reps bailed on their end of the deal letting this fail and the markets crash to score political points. They thought they let the Dems just vote the thing thru and take all the political fury for passing the "wall street bailout" while they would try to claim the high road of opposing this HUGELY unpopular bill, yet comfortable the needed bill would get passed.

Now Dems come up slightly short (only 60% voted for it) and the Reps are AWOL. If only half of Reps voted for it it would have passed and both parties would be responsible for passing the hated but needed bailout. That is putting Country First, letting things go to shit for political points is Party First and that's what 2/3s of Reps and 1/3 of Dems have one.
WTF

So what you are saying is that its ok for a politician to NOT do what his constituents want? Basically o0nce in power they can just do whatever in the hell they feel like until voted out??

 

[yuppiejr]

Originally posted by: Wreckem

Originally posted by: Hafen
What a bunch of bullshit. 2/3 of Republicans voted no letting this bill fail. Its was supposed to be a bipartisan effort, and instead the reps bailed on their end of the deal letting this fail and the markets crash to score political points. They thought they let the Dems just vote the thing thru and take all the political fury for passing the "wall street bailout" while they would try to claim the high road of opposing this HUGELY unpopular bill, yet comfortable the needed bill would get passed.

Now Dems come up slightly short (only 60% voted for it) and the Reps are AWOL. If only half of Reps voted for it it would have passed and both parties would be responsible for passing the hated but needed bailout. That is putting Country First, letting things go to shit for political points is Party First and that's what 2/3s of Reps and 1/3 of Dems have one.
WTF

It was bipartisan until the Dems made it partisan.

Actually it was bipartisan. It took a bipartisan effort to defeat it.

Bottom line is, the bill SHOULD NEVER HAVE BEEN BROUGHT TO THE FLOOR today.

Maybe it failed because it was a shitty bill, not because the R/D's who voted against it were playing partisan politics?

 

[SP33Demon]

Originally posted by: Evan Lieb
Extremely disappointing. Hopefully cooler heads prevail and we get something through over the next 24-48 hours. Otherwise we're looking at a deep global recession, at minimum.

Deep global recession? lol. Better not move to Europe or you'll be disappointed.

 

[JS80]

Originally posted by: Hafen
What a bunch of bullshit. 2/3 of Republicans voted no letting this bill fail. Its was supposed to be a bipartisan effort, and instead the reps bailed on their end of the deal letting this fail and the markets crash to score political points. They thought they let the Dems just vote the thing thru and take all the political fury for passing the "wall street bailout" while they would try to claim the high road of opposing this HUGELY unpopular bill, yet comfortable the needed bill would get passed.

Now Dems come up slightly short (only 60% voted for it) and the Reps are AWOL. If only half of Reps voted for it it would have passed and both parties would be responsible for passing the hated but needed bailout. That is putting Country First, letting things go to shit for political points is Party First and that's what 2/3s of Reps and 1/3 of Dems have one.
WTF

Pelosi shits on everyone except the dems basically blames bush and R for this RIGHT BEFORE the vote on the floor you think this will pass? lulz bi-partisan my ass.

 

[Bitek]

Originally posted by: Wreckem

Originally posted by: Hafen
What a bunch of bullshit. 2/3 of Republicans voted no letting this bill fail. Its was supposed to be a bipartisan effort, and instead the reps bailed on their end of the deal letting this fail and the markets crash to score political points. They thought they let the Dems just vote the thing thru and take all the political fury for passing the "wall street bailout" while they would try to claim the high road of opposing this HUGELY unpopular bill, yet comfortable the needed bill would get passed.

Now Dems come up slightly short (only 60% voted for it) and the Reps are AWOL. If only half of Reps voted for it it would have passed and both parties would be responsible for passing the hated but needed bailout. That is putting Country First, letting things go to shit for political points is Party First and that's what 2/3s of Reps and 1/3 of Dems have one.
WTF

It was bipartisan until the Dems made it partisan.

Actually it was bipartisan. It took a bipartisan effort to defeat it.

Bottom line is, the bill SHOULD NEVER HAVE BEEN BROUGHT TO THE FLOOR today.

Really, what was that exactly? House Reps say they bailed bc they didn't like Pelosi's speech? whhhhaaahhhhh!!!! They let the markets crash bc they didn't like what someone said? Gimme a freaking break. Everyone in DC gave the deadline as today to get it done. Its was political brinkmanship and they flinched

 

[ElFenix]

Originally posted by: Specop 007

So what you are saying is that its ok for a politician to NOT do what his constituents want? Basically o0nce in power they can just do whatever in the hell they feel like until voted out??

ideally you voted for them because you think they're qualified to make tough decisions. they're're not making decisions if they've just got their finger to the wind.

 

[CADsortaGUY]

Originally posted by: ElFenix

Originally posted by: CADsortaGUY

http://www.youtube.com/watch?v=ey3ZlsmIkz4

12:21 eastern, what time was the vote?

It started after 12:30 eastern. I don't the exact time but it was after her speech.

 

[bamacre]

Two years ago...
http://www.youtube.com/watch?v=LfascZSTU4o

 

[Craig234]

Originally posted by: Wreckem
The US Govt will have to continually raise them over the next 30+ years irregardless of this bailout.

regardless means the same thing irregardless of the ir in front.

 

[ayabe]

Originally posted by: JS80

Originally posted by: Hafen
What a bunch of bullshit. 2/3 of Republicans voted no letting this bill fail. Its was supposed to be a bipartisan effort, and instead the reps bailed on their end of the deal letting this fail and the markets crash to score political points. They thought they let the Dems just vote the thing thru and take all the political fury for passing the "wall street bailout" while they would try to claim the high road of opposing this HUGELY unpopular bill, yet comfortable the needed bill would get passed.

Now Dems come up slightly short (only 60% voted for it) and the Reps are AWOL. If only half of Reps voted for it it would have passed and both parties would be responsible for passing the hated but needed bailout. That is putting Country First, letting things go to shit for political points is Party First and that's what 2/3s of Reps and 1/3 of Dems have one.
WTF

Pelosi shits on everyone except the dems basically blames bush and R for this RIGHT BEFORE the vote on the floor you think this will pass? lulz bi-partisan my ass.

You're defending crocodile tears and the foot stomping of partisan crybabies.

Have you even read her remarks? I know the GOP is full of fear mongering pussywillows but torpedoing the economy for calling a duck a duck is pretty unpatriotic.

 

[fskimospy]

Originally posted by: JS80

Originally posted by: Hafen
What a bunch of bullshit. 2/3 of Republicans voted no letting this bill fail. Its was supposed to be a bipartisan effort, and instead the reps bailed on their end of the deal letting this fail and the markets crash to score political points. They thought they let the Dems just vote the thing thru and take all the political fury for passing the "wall street bailout" while they would try to claim the high road of opposing this HUGELY unpopular bill, yet comfortable the needed bill would get passed.

Now Dems come up slightly short (only 60% voted for it) and the Reps are AWOL. If only half of Reps voted for it it would have passed and both parties would be responsible for passing the hated but needed bailout. That is putting Country First, letting things go to shit for political points is Party First and that's what 2/3s of Reps and 1/3 of Dems have one.
WTF

Pelosi shits on everyone except the dems basically blames bush and R for this RIGHT BEFORE the vote on the floor you think this will pass? lulz bi-partisan my ass.

So you're saying that Republicans voted against a bill that most experts say is vital to the US economy because the Speaker of the House made them mad? If that's true, they should all lose their seats in November. Talk about petty, ridiculous bullshit. They should be ashamed of themselves.

 

[DrewSG3]

Unbelieve, John McCain blaming from Barack Obama. What a fucking moron.

 

[ericlp]

Good! Spend a trillion now, avoid the inevitable for what, maybe 4-6 months before it all tanks again and they want another trillion maybe two trillion bail out? Bunch of BS!

I think they made the right choice, I say get it over with and let it work itself out and break if it needs too. No use throwing cash at a broke system. Stupid...

 

[ElFenix]

Originally posted by: CADsortaGUY

Originally posted by: ElFenix

Originally posted by: CADsortaGUY

http://www.youtube.com/watch?v=ey3ZlsmIkz4

12:21 eastern, what time was the vote?

It started after 12:30 eastern. I don't the exact time but it was after her speech.

does she not have any sense in her? tip o'neill she is not.

 

[OCGuy]

Originally posted by: eskimospy

Originally posted by: JS80

Originally posted by: Hafen
What a bunch of bullshit. 2/3 of Republicans voted no letting this bill fail. Its was supposed to be a bipartisan effort, and instead the reps bailed on their end of the deal letting this fail and the markets crash to score political points. They thought they let the Dems just vote the thing thru and take all the political fury for passing the "wall street bailout" while they would try to claim the high road of opposing this HUGELY unpopular bill, yet comfortable the needed bill would get passed.

Now Dems come up slightly short (only 60% voted for it) and the Reps are AWOL. If only half of Reps voted for it it would have passed and both parties would be responsible for passing the hated but needed bailout. That is putting Country First, letting things go to shit for political points is Party First and that's what 2/3s of Reps and 1/3 of Dems have one.
WTF

Pelosi shits on everyone except the dems basically blames bush and R for this RIGHT BEFORE the vote on the floor you think this will pass? lulz bi-partisan my ass.

So you're saying that Republicans voted against a bill that most experts say is vital to the US economy because the Speaker of the House made them mad? If that's true, they should all lose their seats in November. Talk about petty, ridiculous bullshit. They should be ashamed of themselves.

Last time I checked, the (D) guys helped out on this one too.

 

[Extelleron]

We're all worried about losing our jobs," Rep. Paul Ryan, R-Wis., declared in an impassioned speech in support of the bill before the vote. "Most of us say, 'I want this thing to pass, but I want you to vote for it ? not me.' "

Not enough members were willing to take the political risk just five weeks before an election.

Nothing more really needs to be said. Letting potential political fallout allow someone to make a bad decision that will prove disastrous to the country is not what someone in Congress should be doing. Ordinary Americans don't know what is best for the country.... congress should be listening to economists, not the common people who think that the bailout is corporate welfare.

Nasdaq is now down 9.1% thanks to this mess.

 

[evident]

Originally posted by: DrewSG3
Unbelieve, John McCain blaming from Barack Obama. What a fucking moron.

if anyone's to blame, it's mccain for suspending his campaign to go to washinton to "make this thing work" , then saying mission accomplished on friday

owned

 

[Wreckem]

Originally posted by: eskimospy

Originally posted by: JS80

Originally posted by: Hafen
What a bunch of bullshit. 2/3 of Republicans voted no letting this bill fail. Its was supposed to be a bipartisan effort, and instead the reps bailed on their end of the deal letting this fail and the markets crash to score political points. They thought they let the Dems just vote the thing thru and take all the political fury for passing the "wall street bailout" while they would try to claim the high road of opposing this HUGELY unpopular bill, yet comfortable the needed bill would get passed.

Now Dems come up slightly short (only 60% voted for it) and the Reps are AWOL. If only half of Reps voted for it it would have passed and both parties would be responsible for passing the hated but needed bailout. That is putting Country First, letting things go to shit for political points is Party First and that's what 2/3s of Reps and 1/3 of Dems have one.
WTF

Pelosi shits on everyone except the dems basically blames bush and R for this RIGHT BEFORE the vote on the floor you think this will pass? lulz bi-partisan my ass.

So you're saying that Republicans voted against a bill that most experts say is vital to the US economy because the Speaker of the House made them mad? If that's true, they should all lose their seats in November. Talk about petty, ridiculous bullshit. They should be ashamed of themselves.

The GOP is willing to pass a bailout. Pelosi and the Dems have gone about it all the wrong way from the start. The Bill was NEVER bipartisan on the House side.

 

[yuppiejr]

Originally posted by: DrewSG3
Unbelieve, John McCain blaming from Barack Obama. What a fucking moron.

Pot, meet kettle... Nice sentence there genius.

 

[Stuxnet]

Originally posted by: Hafen
What a bunch of bullshit. 2/3 of Republicans voted no letting this bill fail. Its was supposed to be a bipartisan effort, and instead the reps bailed on their end of the deal letting this fail and the markets crash to score political points. They thought they let the Dems just vote the thing thru and take all the political fury for passing the "wall street bailout" while they would try to claim the high road of opposing this HUGELY unpopular bill, yet comfortable the needed bill would get passed.

Now Dems come up slightly short (only 60% voted for it) and the Reps are AWOL. If only half of Reps voted for it it would have passed and both parties would be responsible for passing the hated but needed bailout. That is putting Country First, letting things go to shit for political points is Party First and that's what 2/3s of Reps and 1/3 of Dems have one.
WTF

Don't forget Pelosi's roll in it all.

 

[fskimospy]

Originally posted by: Ocguy31

Originally posted by: eskimospy

Originally posted by: JS80

Pelosi shits on everyone except the dems basically blames bush and R for this RIGHT BEFORE the vote on the floor you think this will pass? lulz bi-partisan my ass.

So you're saying that Republicans voted against a bill that most experts say is vital to the US economy because the Speaker of the House made them mad? If that's true, they should all lose their seats in November. Talk about petty, ridiculous bullshit. They should be ashamed of themselves.

Last time I checked, the (D) guys helped out on this one too.

What does that have to do with my post?

If they voted against it because they thought it was a bad plan that's one thing. (I think at this point that's still pretty irresponsible, but whatever) If they voted against it beacuse, as JS80 imples, that Pelosi made them sad before the vote, then they are acting like spoiled children and putting their hurt feelings ahead of what's important. That's unforgivable.

 

[theeedude]

Originally posted by: Wreckem

Originally posted by: eskimospy

Originally posted by: JS80

Originally posted by: Hafen
What a bunch of bullshit. 2/3 of Republicans voted no letting this bill fail. Its was supposed to be a bipartisan effort, and instead the reps bailed on their end of the deal letting this fail and the markets crash to score political points. They thought they let the Dems just vote the thing thru and take all the political fury for passing the "wall street bailout" while they would try to claim the high road of opposing this HUGELY unpopular bill, yet comfortable the needed bill would get passed.

Now Dems come up slightly short (only 60% voted for it) and the Reps are AWOL. If only half of Reps voted for it it would have passed and both parties would be responsible for passing the hated but needed bailout. That is putting Country First, letting things go to shit for political points is Party First and that's what 2/3s of Reps and 1/3 of Dems have one.
WTF

Pelosi shits on everyone except the dems basically blames bush and R for this RIGHT BEFORE the vote on the floor you think this will pass? lulz bi-partisan my ass.

So you're saying that Republicans voted against a bill that most experts say is vital to the US economy because the Speaker of the House made them mad? If that's true, they should all lose their seats in November. Talk about petty, ridiculous bullshit. They should be ashamed of themselves.

The GOP is willing to pass a bailout. Pelosi and the Dems have gone about it all the wrong way from the start.

Let me guess, GOP was for it before they voted against it?

 

[JS80]

Originally posted by: bamacre
Two years ago...
http://www.youtube.com/watch?v=LfascZSTU4o

"Recession around the corner" prediction 2 years ago? Laff. Everyone knew it was coming. The question was WHEN. No one, i mean NO ONE, can time the market.

lulz I predict there will be an economic recovery around the corner.