Revised Bailout bill going to the Senate for vote Wed

[BoberFett]

Originally posted by: IHateMyJob2004
dquan,

Very poetic. To bad that it is not 1832 and the issue is not identical.

Identical no. Similar yes. Similar enough that we should be very wary of any money going to bankers who have actively worked to destroy our economy just to line their own pockets.

 

[Capt Caveman]

Passed by the Senate.

 

[WaTaGuMp]

Next stop, da hizouse.

 

[RightIsWrong]

74-25 in favor....off to the House by Friday is the plan.

 

[frostedflakes]

What are the chances the House will vote it down again?

 

[Insomniator]

Pretty good I'd say.

 

[IronWing]

This bill has something for everyone (who matters), $700 billion for the party of the ultra-rich (R) and $250 billion for the party of the merely rich (D). I suppose Paulson will blow the money before inauguration day to prevent the new Congress and the new Pres from fixing the bill down the road.

 

[piasabird]

Just vote No.

If they just split up that much money between americans we could all pay off our mortgages and save Billions.

 

[Mavtek3100]

Throw the bums out, if you vote for this crap you don't give a damn about the American taxpayer.

 

[ChunkiMunki]

why stop at $700 billion? why not go for 2 trillion? or 5? then we can all get a nice piece of that pie. sweet, sweet pie.....

 

[Mavtek3100]

Originally posted by: ChunkiMunki
why stop at $700 billion? why not go for 2 trillion? or 5? then we can all get a nice piece of that pie. sweet, sweet pie.....

There is no pie.........

 

[Acanthus]

Originally posted by: JS80

Originally posted by: Acanthus
There is absolutely no reason that taxes should be cut now. For anyone.

The country is on the verge of bankruptcy.

Gee here's a concept CUT SPENDING WITH THE TAX CUTS

12 Trillion dollars in debt needs to be paid off... We need to cut spending without cutting any taxes at all.

 

[Eeezee]

Originally posted by: Acanthus

Originally posted by: JS80

Originally posted by: Acanthus
There is absolutely no reason that taxes should be cut now. For anyone.

The country is on the verge of bankruptcy.

Gee here's a concept CUT SPENDING WITH THE TAX CUTS

12 Trillion dollars in debt needs to be paid off... We need to cut spending without cutting any taxes at all.

If anything we need to RAISE taxes. Or cut our government to the bone. One or the other.

 

[cKGunslinger]

"Hey, can I rape your sister?"
"What? No!"
"What about if I clean your gutters and take out your trash?"
"Hmm.. That's not as bad, I guess..."

And Rep who changes his vote from No to Yes for this new bill should be shot...

 

[bobcpg]

I will be voting against all my senators/reps that vote FOR this bill this coming election. EDIT: and next the election.

 

[winnar111]

Originally posted by: Thump553

Originally posted by: JS80
Where the hell is the relief for us responsible taxpayers who rent and have no fucking deductions?

I am not subject to the AMT but I know plenty of people that are-basically because of inflation, pure and simple.

Partially. Also, state/local governments are really sticking it to the people, and those expenses aren't deductible.

Tons of families with children in the Long Island/NJ area are subject to the AMT.

Without any adjustment, it'll kill Obama's phantom 95% middle class tax cut in these areas. Of course, that might have been the plan all along.

 

[bobcpg]

Originally posted by: JS80
Where the hell is the relief for us responsible taxpayers who rent and have no fucking deductions?

No crap, apparently we should have bought a house we could not afford instead of renting and being responsible with our money and decisions.

 

[OCGuy]

Yay! Lets add some pork to an already ludicrous bill and then pass it.

I guess we should have listened to the old "The devil you know is better than the devil you dont know."

 

[StageLeft]

This bill has gone completely gangbusters fvcking insane. I hope it fails. I was on the fence before but I want to see it die. I doubt it will this time, though.

 

[EagleKeeper]

Originally posted by: bobcpg
I will be voting against all my senators/reps that vote FOR this bill this coming election. EDIT: and next the election.

You can only vote on one rep.

 

[chess9]

http://senateconservatives.fil...08/10/ayo08c32_xml.pdf

That's the 451 page bill. I've read it all, and it ain't pretty. There are some things in there that might sound attractive to liberals, such as mortgage assistance for those having trouble paying loans bought by the Treasury. The problem is that most of the assets which will be bought by Treasury are DERIVATIVES, not mortgages. So, I doubt ANY homeowner will see relief based on this plan. Those banks and investors who hold derivatives, like credit swaps and MBSs, will benefit. Those will eat up the money and they will be bought at very good prices for the investors and not the Treasury.

Furthermore, there is no way to tell what this Xmas tree bill will do. No one could possibly predict its impact other than to say that Wall Street will be happy for a few days...until the next crisis comes along.

This bill is one plug ugly piece of shit being dumped on the front step of America.

Please say no to this bailout.

-Robert