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Senate approves its own bank bailout package

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posted on Oct, 1 2008 @ 09:32 PM
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Can anyone explain something to me.
What's the difference of it going trough the senate before the house?




posted on Oct, 1 2008 @ 09:45 PM
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Full Text (pdf)

Have fun reading it.

It's basically the House bill with all kinds of new toys at the end.



posted on Oct, 1 2008 @ 09:45 PM
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reply to post by ModernAcademia
 


I guess it's because the House's proposal was killed. Would the Senate have had to pass the House's version of the bill if it had passed the House vote?



posted on Oct, 1 2008 @ 09:49 PM
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Well folks looks like we have been sold down river . As we slaves slave away earning a a penitence to pay for a fat cat bankers gambling habit with wall street stocks . We see that the senate has sold our kids future down the river also .

Dont you just love to see how quick the government is to help bankers and wall street and see how fast they are to help distressed home owners and families and kids with out medical insurance .

To me the voice is loud and clear who they really care about . It isnt the average blue collar worker .



Oh btw see you all in the fields

[edit on 1-10-2008 by Lostinthedarkness]



posted on Oct, 1 2008 @ 09:59 PM
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My guess is that they have already paid some congress critters for it to pass and they will declare martial law in congress like they did last time.

This is disgusting.



posted on Oct, 1 2008 @ 09:59 PM
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reply to post by Lostinthedarkness
 



Is it too late to rebel? If the American people oppose this bill so strongly and the Government is not listening to the people then I think it is high time for a revolution to occur. Doesnt your constitution ensure this or even allow it. When the Government is as rotten as this one then I say dissolve this government and start anew. I would say take to the street as calling your congressman/woman doesnt seem to work and neither does any other civilized means. Then unconventional methods are called for.



posted on Oct, 1 2008 @ 10:12 PM
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So the $700 billion measure is shot down by the House last Friday,
but an even more expensive ($800 billion) will pass the House this
Friday? I wonder how many weeks it will take to get the money
into the hands of the institutions that need it? By then, this
bill may be too little too late.



posted on Oct, 1 2008 @ 10:14 PM
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YEA - 74
NAY - 25
NoVote - 1

3/5 majority requirement

The Nays came up about 19 short of killing this thing outright.

I can only find some solitude in the fact that both of my Mississippi Senators voted Nay. In the last go around, 3 out of 4 MS Reps voted Nay. I hope they dont fall for the hogwash amendment of this nation-defiling bill.

Call, Email, Text, Submit from their websites...and tell everyone you know to do the same thing.
Here is a website that lists roll calls for both the house and senate, so you can look your politicians up, see how they voted, track them down through the web and make your voice heard.

I know that Bush and Co are going to keep pushing this until something goes through and they are going to keep putting pretty red bows on this skulking, drooling junkyard dog of a beastly bill until the House passes it. It cannot, CANNOT, be allowed into action or it will signal the last leg of a total decline in society as we know for more than just America, but the majority of the world that still looks to America and is attached itself to America, that depends on the strength of America, and those who still hold this country in well regards.

I smell a foul wind, I just hope it is the sewage plant that is churning and not the tides of epic change.



posted on Oct, 1 2008 @ 10:17 PM
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Originally posted by loam
A complete joke.

They think action...any action...will save us.

No hearings...no experts...no accountability...no genuine representation.

This is a sad evening in America.



Perfectly put.

Any action in there eyes is good. It does say "rescue" after all. That should be sufficient, right?



The 400 top tier economists and a handful of Nobel Prize winners aren't enough to persuade Washington, because Washington's interests are vested somewhere else.

We have to come through like we did last time! Action from the people! We will not fold to these bankers!



posted on Oct, 1 2008 @ 10:22 PM
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video.google.com...
**FLASH** The REAL REASON For The Bailout (Hint: FOREIGNERS)



posted on Oct, 1 2008 @ 10:24 PM
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reply to post by cw034
 


I emailed my representatives as well, and told them they had lost my vote. I also told McCain and Obama the same.

Vote third party for President everyone. It is our only chance to send these clowns a message.

I personally like Ron Paul, if he is too conservative for you, vote Nader. I would rather ANYONE win than these traitors.



posted on Oct, 1 2008 @ 10:24 PM
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reply to post by DeadFlagBlues
 


I caught on to the lie they were putting out. They stated that the calls coming in had changed opinion. Opinion was coming in half and half. yea, sure.....doubt it would be that much of a change in 2 days.

I still say people opinion didn't stop the house bill. If it had they would have stopped this one also. I think the ones up for reelection just didn't want to lose their gravy job. They will pass it the second time.

[edit on 1-10-2008 by jam321]



posted on Oct, 1 2008 @ 11:17 PM
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Originally posted by nixie_nox
I don't see what significant changes were made other then It does include a 100 billion in tax breaks for the middle class and businesses.

Well, considering that the very same banking policies that engineered this current crisis are the very same policies that have nearly wiped out the Middle Class, I still can't agree with it. Yeah, the website I linked to is pretty heavy on political ranting, but knowing that in advance, you can still get the good, solidly researched info picked out of it.

You also need to consider...Exactly, precisely which businesses? If any of those businesses also happen to be the same businesses that caused the problem, they shouldn't get anything at all.

Yeah, the article did say "small businesses" & "individual investors," that still doesn't seem quite right...After all, even small mortgage loaners were part of the problem & "individual" investors would still include people like the Rockerfellers & Rothchilds. Individual investors also includes those foreigners (some of those foreigners were the banks & governments) who invested in a lot of small-business mortgage packages too.


Overall, I still say that the Government needs to punish the guilty who engineered it this way (even those within the government who had "self-interests" in the whole mess), let the market correct itself & those businesses that operated fraudulently will be wiped out, making the honest businesses stronger. A few other things that should have been done a long time ago: Abolish the Fed Res, get gold/silver backing restored to our economy & tighten the corporate restrictions at least as much as they used to be before they got "relaxed."

As it is, the House rejected it. The Senate has no business or authority to even vote on large expenditures until the House passes it first. They did this through trickery, inserting it into a completely unrelated Bill. Once the House rejected it, it should have died on the spot, regardless of the terror-tactics Bush pushes on Congress.

Either way, times are going to get hard on everybody...They've already pumped $360B into the financial system & adding another $700B to it isn't going to make it any better. The Federal Government officially went bankrupt in 1933 with this "debt-based" economy & have been overspending so much as to create the deficit in the first place...Downsize the government & military to reasonable levels so that it won't be so expensive to maintain & the economy would stabilize on its own & maybe we can get back to being People instead of indentured servants in multi-generational lineages.


Originally posted by racegunz
If anyone finds a Roll Call of votes please post it so I can refuse to vote for the Senators that ignored the voices of their constituents.

I didn't bother to wait...I wrote to both my Senators early this morning telling them what not to do & why not to do it. They know I'll never vote for them again simply because they both voted for it...A clear act of Treason against the will of the People. Here's the voting at Congress.org.


Originally posted by jam321
Anybody need a tax cut for wooden arrows?

Sounds good...Wooden arrows to go after a bunch of vampires...I like the sound of that.

I've got a compound bow with concentric pulleys that's got adjustable pull-ratio from 45 to 55 lbs. Good enough to go bear-hunting in what's turned out to be a bear market.

[edit on 1-10-2008 by MidnightDStroyer]



posted on Oct, 1 2008 @ 11:27 PM
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I emailed Mr. Moore (D-KS) and informed him he has lost my vote. I had also emailed Mr. Brownback (R-KS) stating the same. Tonight Brownback voted Nay. Happy, happy, joy, joy. Depending what Moore does on Friday says it all to me. Keep emailing,calling, texting folks. This is important!



posted on Oct, 1 2008 @ 11:30 PM
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Originally posted by all2human
video.google.com...
**FLASH** The REAL REASON For The Bailout (Hint: FOREIGNERS)


This needs a thread of it's own!!!! Star for you.



posted on Oct, 1 2008 @ 11:35 PM
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This is just the beginning. What and see whats in store in the coming months. First the Govenrment does not listen to the people.
Next our rights will be eroded more then they have been already.
This Country went from open markets to socialism. Whats next. Communism.



posted on Oct, 1 2008 @ 11:44 PM
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Sorry to be a pessimist, but this bill passing only means further debt in an already indebted nation. Sure it may set back a crash for a while, but the out-of-control spending by the goverment coupled by the war spending, and trillions of dollars going to war and not the people... wake up and realize you are being scammed and robbed from every corner.

Ask Rumsfeld where the 2.7 trillion is... maybe he can dig that out of his pocket and bail out the economy.

You people who think this is a victory are just plain out of touch... enjoy the robbery of your future.

Ask Rumsfeld where your 2.7 trill is.



posted on Oct, 1 2008 @ 11:50 PM
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So im watching Glenn Beck and BEN STEIN was on talking about how there are runs on safes and guns. People who never wanted to buy a gun ARE buying guns by the fistful. While also stocking up on personal safes and taking their money out of banks. BEN STEIN people!!!! This man is &*$@ GENIUS (IMO).

People have been calling and writing their Senators ALL DAY and they DO NOT WANT THIS TO PASS......what ever happened to "Chapter 11 Bankruptcy" .....oh yeah Socialism is what happened and the American People were screaming bloody murder NOT to pass this Bill.....The # has hit the fan people get prepared and start planning ahead.


RON PAUL SAID, "THIS WILL BE LIKE THE SOVIET UNION COLLAPSE!"


Wall Street and Lobbyists are the New MAFIA

EXPENSES NATIONALIZED while PROFITS ARE PRIVATIZED



posted on Oct, 2 2008 @ 12:25 AM
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The biggest flaw of capitalism; only those that exploit get rich, the rest of us, who do the work that creates the wealth, pay for it.

40 hour a week slaves...

For those in Cali who are entitled to a rent/mortgage rebate under the 'California Home Owners and Renters Assistance Program' are not getting it this year, as it was not included in the 2008 Cali budget (that was about 3 months late). It's a small amount, $349 max if you make under $10,000 py.

How much those bastards getting again?



posted on Oct, 2 2008 @ 12:40 AM
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Originally posted by Lostinthedarkness
Well folks looks like we have been sold down river . As we slaves slave away earning a a penitence to pay for a fat cat bankers gambling habit with wall street stocks . We see that the senate has sold our kids future down the river also.


It's not all bad.

I look at it this way... those of us fortunate enough not to live in United States now have a nice opportunity to buy up the US economy for dirt cheap... or at least, we will soon!

The US investors now know these "Bush's Choice Companies" are going to be held afloat by the US government... and, investors being investors, will pull out of all other companies in the US so that they can place everything into these Bush's Choice Companies.

Outside of these few favored companies (which by the way, contain quite a few of Bush's friends), the rest of the economy, while physically still in good condition, ready to continue pumping out services, products, etc... will be near worthless.

... perfect. ...Unless of course you live in the states.

So basically... by Bush attempting to save his buddies from having to deal with a few lost dollars... he just handed the rest of the world the keys to the US economy... and in turn, the US itself.

Don't worry though... while the world may still be capitalists, and as such, will by nature bleed the US dry for their own gain... you'll have a unique opportunity to ask if you can be paid in Euros...

... cause I guarantee you, once the world is through with using the US as it's own economical play thing, you ain't gonna want dollars.



So congratulations Bush... once this "world" recession is over, the world owns you.

[edit on 2-10-2008 by johnsky]



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