Massive financial bailout fails in the House, page 1

Bailout Rejected

www.msnbc.msn.com

WASHINGTON - The House of Representatives rejected a $700 billion bailout today following extended debate where many members, including some who brokered the deal with it, was highly unpopular.

(visit the link for the full news article)



[edit on 22/06/2008 by Truther]

Mod Edit: Fixed Caps in title and changed title

[edit on 9/29/08 by FredT]

[edit on 9/29/08 by FredT]

where are we now? dont know much about economics. Does this mean that america is in serious trouble?

"WASHINGTON - The House of Representatives rejected a $700 billion bailout today following extended debate where many members, including some who brokered the deal with it, was highly unpopular."

www.msnbc.msn.com
(visit the link for the full news article)

reply to post by marg6043

---

I'm not so much sure it is them having america at heart as it is risking political suicide and an uprising of proportions that even their draconian police state measures might have to contend with...This isn't over yet, but the sleepwalking populace is now awakening on a large scale to this endless pickpocketing, and is having no choice but to get pissed about it to a point that these smug elitists can no longer plug their ears and yell "la-la-la" to make it go away.

reply to post by marg6043

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You could be on to something there, could this be a ploy? lets all vote no (repuplicans) and we'll get the vote for president..

I wonder

reply to post by marg6043

---

Marg,

Im sure you KNOW how I feel about this bailout. I think it SUCKED.

However, I think we should ALL hold onto our hats now, because this mess just got a lot worse. I think our markets are going to react SO negatively, that irrespective of the ABSOLUTE upside to the taxpayer not footing the bill, those actually WITH all the money are going to say "ok screw you little America, you wanted failure, we'll SHOW you failure".

I NEVER EVER get scared or panic, it's not in my nature, however if anything would have the ability to do so, it IS what we're witnessing right now.

I firmly believe that our ONLY saving grace would come in the form of a complete and total Government subsidy to us, the little people to get back on OUR feet, and SCREW the globe, SCREW the wall streeters, and let US have those funds to hedge against THEIR misappropriations. Lacking that, I think we are SERIOUSLY about to see Great Depression part II, and this time, there's a WHOLE lot more people that will be affected.


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