Bailout bill failing in House

[Vic]

Originally posted by: Wreckem
Wow what leadership the Democrats are showing. The House is adjourned until Thursday.

And so there goes the conspiracy theories.

 

[Vic]

Originally posted by: compuwiz1

Originally posted by: Dari

Originally posted by: Insomniator

Originally posted by: TheSlamma

Originally posted by: compuwiz1
I agree with Jeffrey Miron's view.

I've been saying all along don't bail them out. Why should the government provide funds to incompetent people who couldn't run these institutions properly to begin with? A bailout is not going to solve the problem. In the spirit of tough love, I hope the bailout does not pass.

:thumbsup:

this

The simple fact that banks will become extremely conservative in lending after they go into bankruptcy blows his argument out of the water.

Conservative lending is what this country might need for awhile, vs. making agressive loans to people who are not qualified borrowers. In your view I hear that things should be business as usual, even though that's what got us into this mess? Do I understand you correctly?

You don't close the barn door after the horse has already gotten out.

 

[Craig234]

Originally posted by: Wreckem

Originally posted by: Craig234

Originally posted by: Wreckem

Originally posted by: Craig234

Originally posted by: Wreckem
[Call it what you want, but if you want to get elected, stay elected, move up, and get the good committee assignments, you vote with your party when the leadership tells you to vote with your party.

Chet Edwards probably got 500 calls against for every 1 for. He voted yes.
Al Green has no republican opponent in November. He voted no.

Now I understand. Because the members get election assistance and good committee assignments for voting against principles and/or constitutents, it's not corruption.

Do you even understand the concept of Politics?

Yes, and you don't but think you do, and that's why there's disagreement. Here's a hint for you: democracy does not mean a Congress filled with rubber stamps for leadership.

Congress isnt a Democracy.

Why, yes it is, by design, a Republican Democracy. Representatives are supposed to - you might be surprised - represent the interests of their constituents.

They're not supposed to vote in lock step with the leadership when there are conflicts between their principles and constituents' views.

 

[Dari]

Originally posted by: compuwiz1

Originally posted by: Dari

Originally posted by: Insomniator

Originally posted by: TheSlamma

Originally posted by: compuwiz1
I agree with Jeffrey Miron's view.

I've been saying all along don't bail them out. Why should the government provide funds to incompetent people who couldn't run these institutions properly to begin with? A bailout is not going to solve the problem. In the spirit of tough love, I hope the bailout does not pass.

:thumbsup:

this

The simple fact that banks will become extremely conservative in lending after they go into bankruptcy blows his argument out of the water.

Conservative lending is what this country might need for awhile, vs. making agressive loans to people who are not qualified borrowers. In your view I hear that things should be business as usual, even though that's what got us into this mess? Do I understand you correctly?

This bailout was a stop-gap to get banks lending to each other again, not to solve the problems of the banking industry. There needs to be a comprehensive review of banking laws by the next Congress and President. Now is not the time to punish Wall Street.

 

[Stuxnet]

Originally posted by: Vic
More like you're giving the Republicans a complete pass.

LMFAO are you kidding me?! Read through my posts in this thread again, and see if you can say that a second time with a straight face!

You're a riot, Vic

 

[Craig234]

Originally posted by: Wreckem
Wow what leadership the Democrats are showing. The House is adjourned until Thursday.

You mean the leadership that they've extended the session to work on the bailout issue? Or that they aren't staying actively on the floor blathering, so they can work out the plan?

 

[compuwiz1]

Originally posted by: Vic

Originally posted by: Wreckem
Wow what leadership the Democrats are showing. The House is adjourned until Thursday.

And so there goes the conspiracy theories.

Good Gawd! I sure hope the great depression of 2008 doesn't sneak upon us while The House is adjourned! :shocked:

 

[Viditor]

Originally posted by: Craig234

Originally posted by: ElFenix

Originally posted by: Glavinsolo
how those in power during the great depression got out of it.

by bombing the crap out of the rest of the industrialized world.

When the labor organizations are overpowered, the project needs massive labor - workers, assistants, supervisors, supervisors for the supervisors.

When the finance industry is overpowered, it's all about finance, with big cuts each step along the way, with plenty of exotic financial products creating yet more cycling of dollars.

When the tech industry is overpowered, the project needs state of the art computerization, with all kinds of systems replacing cheaper and simpler processes.

When the 'process people' are overpowered, there are central committees issuing guidelines and 'systems' for everything, step by step, with lots of monitoring.

Today, it's the finance industry that's overpowered (while labor struggles), and we see finance haivng years of big influence on government policy, allowing them to monopolize.

Anyone who has had access to public companies' executives has understood how the companies are designing the company strategy around Wall Street's dictates, for the short term quarterly profits, and not the interest of the company's longer term planning, so Wall Street can make a little more money faster.

You make more when you leverage more - and it goes well. Wall Street has abused leverage, it seems, and now wants the taxpayer to pay for it.

I'm not saying that it's not a real issue we're being warned about, but I'm not seeing enough yet of how to fix the excess of power and abuse as part of the bailout.

Many are saying that...unfortunately they are also forgetting that while we search for a perfect long term solution, the boat is sinking.
The plan that was just voted down was pretty good for a short term solution (finger in the hole so to speak), but of course it wasn't a long term solution (and it didn't pretend to be).
I don't think people truly understand just how ugly this is going to get...the drop today wasn't even a hint at the coming ugliness!

 

[nageov3t]

-777

jesus christ.

 

[Vic]

Originally posted by: jbourne77

Originally posted by: Vic
More like you're giving the Republicans a complete pass.

LMFAO are you kidding me?! Read through my posts in this thread again, and see if you can say that a second time with a straight face!

You're a riot, Vic

You mean where you pin the blame for the Republican's votes on Pelosi's speech a dozen times over?

That's the riot. Except I'm not laughing, because it's exactly this kind of partisan stupidity that is (and has been) sinking our country. Wake up and realize that whatever Pelosi said should have had no impact on the final outcome here. And even if it did, the fault still lies on each and every Congressperson for how they voted. Period.

 

[Wreckem]

Originally posted by: Craig234

Originally posted by: Wreckem

Originally posted by: Craig234

Originally posted by: Wreckem

Originally posted by: Craig234

Originally posted by: Wreckem
[Call it what you want, but if you want to get elected, stay elected, move up, and get the good committee assignments, you vote with your party when the leadership tells you to vote with your party.

Chet Edwards probably got 500 calls against for every 1 for. He voted yes.
Al Green has no republican opponent in November. He voted no.

Now I understand. Because the members get election assistance and good committee assignments for voting against principles and/or constitutents, it's not corruption.

Do you even understand the concept of Politics?

Yes, and you don't but think you do, and that's why there's disagreement. Here's a hint for you: democracy does not mean a Congress filled with rubber stamps for leadership.

Congress isnt a Democracy.

Why, yes it is, by design, a Republican Democracy. Representatives are supposed to - you might be surprised - represent the interests of their constituents.

They're not supposed to vote in lock step with the leadership when there are conflicts between their principles and constituents' views.

What world do you live in?

 

[nageov3t]

Originally posted by: Vic

Originally posted by: Wreckem
Wow what leadership the Democrats are showing. The House is adjourned until Thursday.

And so there goes the conspiracy theories.

jewish holy days or something.

must... not... make joke.

 

[Viditor]

Originally posted by: Wreckem
Wow what leadership the Democrats are showing. The House is adjourned until Thursday.

You mean for the Holidays? Yes, it is...but you are fullu misrepresenting the issue. This is and HAS to be a bi-partisan effort to work. If even 2/3 of the Republicans could work together, this would have been done a week ago...

 

[Vic]

Originally posted by: loki8481

Originally posted by: Vic

Originally posted by: Wreckem
Wow what leadership the Democrats are showing. The House is adjourned until Thursday.

And so there goes the conspiracy theories.

jewish holy days or something.

must... not... make joke.

LOL, it is Rosh Hashanah starting at sundown tonight, isn't it?

 

[Viditor]

Originally posted by: loki8481

Originally posted by: Vic

Originally posted by: Wreckem
Wow what leadership the Democrats are showing. The House is adjourned until Thursday.

And so there goes the conspiracy theories.

jewish holy days or something.

must... not... make joke.

Just remember that Christmas is a Celtic holiday...Christ was most likely born in September

 

[Balt]

Originally posted by: loki8481
-777

jesus christ.

It's the reverse jackpot.

 

[DomS]

Originally posted by: SunnyD

Originally posted by: ElFenix

Originally posted by: DomS
We need to make up our fucking minds here. Are we a free market or not? Pick one and stick with it.

we're not.

Nope, and for the first time in a long time, the government is showing it's not free to the highest bidder.

Should last about a week. Just like the senators that 'grilled' oil executives and then were out at dinner with them that night.

 

[shiner]

Originally posted by: Vic

Originally posted by: loki8481

Originally posted by: Vic

Originally posted by: Wreckem
Wow what leadership the Democrats are showing. The House is adjourned until Thursday.

And so there goes the conspiracy theories.

jewish holy days or something.

must... not... make joke.

LOL, it is Rosh Hashanah starting at sundown tonight, isn't it?

Rush Hashanah starts tonight at 7pm. 6pm Central.

 

[quest55720]

I am happy it failed because now a better one will be passed in a week. If the market can't wait a week the bail out would of not worked anyways. I want more strings attached to that blank check. I want money put in for a real investigation to put these crooks in jail and seize assets.

 

[Wreckem]

They have no reason to adjurn until Thursday. Holy days or not. It wouldnt be the first time they worked on a holy day. With the House Adjourned until Thursday, most will be leaving DC to go campaign.

The Senate isnt adjourning, why should the House?

 

[ElFenix]

you guys know you can delete a lot of the no-longer necessary quotes when you hit the quote button, right?

 

[ElFenix]

Originally posted by: Craig234

Originally posted by: ElFenix

by bombing the crap out of the rest of the industrialized world.

When the labor organizations are overpowered, the project needs massive labor - workers, assistants, supervisors, supervisors for the supervisors.

< snip >

I'm not saying that it's not a real issue we're being warned about, but I'm not seeing enough yet of how to fix the excess of power and abuse as part of the bailout.

did you intend to quote me?

 

[Craig234]

Originally posted by: ElFenix

Hey, that DOES improve the quote.

 

[ElFenix]

 

[Craig234]

Originally posted by: ElFenix

Originally posted by: Craig234

Originally posted by: ElFenix

by bombing the crap out of the rest of the industrialized world.

When the labor organizations are overpowered, the project needs massive labor - workers, assistants, supervisors, supervisors for the supervisors.

< snip >

I'm not saying that it's not a real issue we're being warned about, but I'm not seeing enough yet of how to fix the excess of power and abuse as part of the bailout.

did you intend to quote me?

Whem I hit the quote button I did, but the post changed direction.

It is ironic how little was learned from the effect of massive government activity ending the first depression.

An ideology based on little more than the desire not to have to share with poor people, leading to the blanket condemnations of any government role, has had a high price now.

It's remarkable how much people have adopted it though, and ignored history.