Please correct me if I'm wrong, but as I understand it, the bill was turned down because a large portion of the population had unclear information about what this was trying to accomplish. Even I, at first, thought this was just money thrown at a problem that ultimately amounted to paying wallstreet gamblers truckloads of money as a reward for making bad decisions.

It is that, sort of...

What a lot of people didn't realize is that there's a plan to eventually cash in on the gov't-purchased debt to recoup some/all of the money that was put into it. Because this was never conveyed through the media, you had millions of people writing their representatives telling them to vote "no" on it.

So now we're in a mess that requires the reps to ask for favors to entice their constituents to be ok with the passing of the bill. If the media had given us all of the facts to begin with I'm sure we could have gotten this thing pushed through sooner and without all the BS attached.

This is nothing short of insane premeditated highway robbery.

They are willing to do anything just as long as the money goes through. Goes to show how hungry the thieves of wall street really are.

Bloody mafia families!

It amazes me how so many people, and the media keep talking about this money so casually. 250 Billion for the banks, 100 billion to be for W's discretion, 350 billion if the house signs off on the bill! (yeah, no, I don't get that one either).

This is a LOT of money. If there are 200 million US tax payers, it will cost each one $3500 to settle just this bill debt.

This is like a whole years worth of war - kinda money.

I find it rather odd that the Bush administration has been really quiet about what they actually plan to do with all this money. I've been noticing a lot of anti Muslim - anti Islam being tossed about lately. Just yesterday I got an anti Muslim "terrorist" propaganda DVD in the mail. All about how Islam needs to be stopped and the Muslim terrorists are in Jihad to eliminate the west (but they left out any kind of tangible reasoning). Then I see the whole Bush administration asking for this money and then just standing there, arms crossed, toes tapping just waiting for check.

They've lied to us before. This time they might not be lying because they are just not telling us anything.

Bin Laden said he would bankrupt Russia because of Afghanistan. He did.
Bin Laden said he would bankrupt America because of our presence in Arabic countries. He is.

Somebody needs to turn this off and STOP listening to Israel.

Originally posted by an0maly33
What a lot of people didn't realize is that there's a plan to eventually cash in on the gov't-purchased debt to recoup some/all of the money that was put into it. Because this was never conveyed through the media, you had millions of people writing their representatives telling them to vote "no" on it.

I'm sorry I have to vehemently disagree with that assessment.

We all knew damn well what WAS included, simply by the 136 page layout.
And Im sorry, to "cash in"? Who is cashing in? Our Government? Ok, i'll sit idly by while I KNOW that, the money I invested via their behest will CLEARLY make it back into my wallet. LOL Ok...

Originally posted by an0maly33
So now we're in a mess that requires the reps to ask for favors to entice their constituents to be ok with the passing of the bill. If the media had given us all of the facts to begin with I'm sure we could have gotten this thing pushed through sooner and without all the BS attached.

No one has to ask favors for a thing. We don't NEED favors, we need a RESPONSIBLE investment banking community.

We NEED responsible oversight accounting.

We NEED responsible Politicians.

Everything we need is so far beyond our reach, that hey, what the hell, may as well take the $800 billion loss and be done with it. The rest is simply unattainable right?


AB1

Originally posted by an0maly33
Please correct me if I'm wrong, but as I understand it, the bill was turned down because a large portion of the population had unclear information about what this was trying to accomplish. Even I, at first, thought this was just money thrown at a problem that ultimately amounted to paying wallstreet gamblers truckloads of money as a reward for making bad decisions.

It is that, sort of...

What a lot of people didn't realize is that there's a plan to eventually cash in on the gov't-purchased debt to recoup some/all of the money that was put into it. Because this was never conveyed through the media, you had millions of people writing their representatives telling them to vote "no" on it.

So now we're in a mess that requires the reps to ask for favors to entice their constituents to be ok with the passing of the bill. If the media had given us all of the facts to begin with I'm sure we could have gotten this thing pushed through sooner and without all the BS attached.

I would like to assert that the reason it was voted down in the congress was because the people of the United States unequivocally refuse to shoulder the burden of the greed of the banking system, and it's unconstitutional to boot.

But many Americans don't rely on knowledge to make these decisions, they rely on media and political propaganda. You will find that the reason for this bailout is because banks - along with the Fed's blessing - created financial vehicles to fraudulently encourage investors to give them their money. And when the chickens came home to roost, they were unable, or unwilling to deliver on the promises they made, promises of profit - which they kept.

The financial masters are NEVER willing to accept losses when they can avoid them, and the law seems to be no obstacle to this end... as the conduct of our Senators has shown, they were right in that regard.

If Congress buys into this 'little people' thinking, that we can't possibly comprehend the vast complexities of the problem. They will simply create a multi-trillion dollar tax liability for the people of this country based on the financial master's perspective; then we can tell our children and theirs, "So sorry, we were as stupid as they said we were." And they can thank their endless debt bondage to us.

When did they make this list... the 1800's?

Wool research, railroads, wooden arrows for children...
does it not feel like you're in the old western days when you read this?


In all seriousness, it feels incredibly slapped together. Heavens forbid the people elected to represent the people should do any actual research.


I've got a beef with this pork.

Originally posted by an0maly33
What a lot of people didn't realize is that there's a plan to eventually cash in on the gov't-purchased debt to recoup some/all of the money that was put into it. Because this was never conveyed through the media, you had millions of people writing their representatives telling them to vote "no" on it.

they were saying that from the jump. Granted, if you rely on CNN soundbytes and whatnot for your information, then you may have missed it.

Point being, they've said all along that *most* if not all of the money would be recouped.

So now we're in a mess that requires the reps to ask for favors to entice their constituents to be ok with the passing of the bill. If the media had given us all of the facts to begin with I'm sure we could have gotten this thing pushed through sooner and without all the BS attached.

As I said, the media said it; you just had to really be paying attention to catch it. Sly, yes; but they did say it.

I find this whole "the poeple just don't understand" crap insulting and annoying.

What the people don't seem to understand is that this is an *inevitable* outcome, given the monetary system that is in place.

The system is designed to transfer wealth from the peasants (that's us) to the elite... plain and simple. That's what this is -- a transfer of wealth. We allowed private banks to control and manipulate the value and issuance of our national currency.

There's no way to stop what's going to happen; it's just a matter of time.

Kill the system; give the Congress back the authority over issuance of currency (oh and make sure that there is something of value behind it), and in time, the situation will normalize.

Keep the FED in charge, and we're all destined for the #ter. Sorry, that's just the way it is.

Our economy is based on fake money and that's what this bailout is about. We might as well be playing Monopoly.

The thing that saddens me most is how they have manipulated people into actually thinking this is the way to fix this problem... it's like trying to treat a heroin addiction with more heroin. Ridiculous.

My hope is that the House will again defeat this monstrosity... but I have little hope for such an outcome.

God help us.

Originally posted by slouden
So the real issue is NOT actually taking care of our economic problems, just pat my back and I'll pat yours. Their goal is to line their own pockets when our economy is going down the drain. How sick is our administration!!!!

Exactly. I love the rum one. Have to have our rum. Also, the whole problem that caused this 'financial crisis' was supposed to be the mortgage crisis. That is what this 700 billion is for, right? Well, if you believe a study released recently by the Ohio State University, the total amount of at risk mortgages amounts to roughly 108 billion.

Talk about a LOT OF PORK. You see, just because these people voted it down last time doesn't mean they don't want it to pass. They want to squeeze as much out of it as they can first. It's not even about the mortgages that the U.S. is supposed to buy and then sell later on. It's about patting each others backs and filling each others pockets.

Oh yeah. At our expense.

A classic case of passing the buck


the Senators actually don't want the financial bailout part of the bill to pass...

but they also don't want the blame for killing the Paulson Plan
so they load up the Paulson Plan with a bunch of pork & garbage

in hopes the House will kill the bill



and the House will have the 'cover' (and not have 'crosshairs' placed on their collective backs) for the act of not passing the Paulson Plan...
& they can 'thank' the Senate for all the pork and spending attached to the Bill.....
It's an Excape for the House of Reps. and they should feel grateful !!!

I think we need to bring back the old"run em out of town on a rail" for congress I'm real sick of hearing about this,and to the misinformed who called us voters idiots,please show me where I had any part of this,why I hate liberals,they can justify anything,ooh I I forgot a tar and feathering would also suffice

JOHN MCCAIN IS THE BIGGEST HYPOCRITE IN POLITICS.


END OF STORY.


We will know their names Mr. McCain? Will we, you are number 1.


How do you make this a platform issue and then go and sign a bill, that you claim as president, you would veto.

Done. McCain is a liar

The bailout plan was a huge mistake

In the near future when this all happens again, all those greedy banks will just do the exact same as what they did now, juts wait for the government to bail them out at expense from the American taxpayer

I really feel for you guys, we have it bad in Australia too, but you guys are getting royally screwed over