I'll definitely be voting against any of mine that vote for this mess. WY's one lonely rep isn't running for re-election this yr. I'm half tempted to vote anti incumbent this yr on the senators. They are both pretty weak in getting any thing done. But I don't think there are any body better running against them.




As for Bush's speech last night............ I listened to a minute or two of it. In between listening to the playboy channel
Every time I switched back to monitor his speech all I could hear was the little boy screaming WOLF WOLF.

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This whole thing smells funny to me. How is it that all these companies just happen to be going under at the same time?

If you have 25 companies in the same business that happens to turn sour, they are not all going to go out of business at once, so why is it that all the financial institutions are at death's door at one time.

Questions I have. If the government buys bad/forclosed mortgages, then who are they going to sell them to, which is the explanation as to how this may not cost as much as is stated. There are more houses than there are people to live in them. If this is not the case, where are all the people living who let their house go back. There are sub-divisions not too far from me that are almost empty, but I don't see families living on the street, so there must be shelter for them somewhere.

Many people had two or three houses. Many houses, especially in Florida, are owned by Europeans who rent them as vacation homes. Again I ask, if there are more homes that people to buy, who will do the buying!!

I watched an interview on CNBC this week where a middle eastern oil sheik stated he would not put any money in the US stock market, but he was going to buy hard US real estate. This made me think about all this rush to bail out.

Is the government going to take all the forclosed properties and sell them to foreign investors? It sounds that way. Maybe that is the rush. Get the deal done before the real truth comes out.

This thing came to a head too fast. There have been too many unusual things going on in the economy, such as the sudden jump in crude, the refusal to close the borders, laws enacted to shield big business, but hurt average Joe, jobs leaving our country in droves due to NAFTA, CAFTA, and a rush to the Asian markets for goods. Let us not forget about no energy plan for our country at all. Just import more, and send all our money to our enemies.

It looks as if every move that has been made in the last 10-20 years has been done with the sole intention of taking this country down and giving it over to others. This may not be the case, everything may have been done for nothing more that selfish greed. The type of greed that has the attitude of I want mine now, let someone else worry about tomorrow, for I have enough for me no matter what happens.

I'm signing off for a few minutes. I have some heavy duty Reynolds Wrap aluminum foil in the kitchen. The hat I have now is made out of the regular stuff, and is not offering adequate protection.

My point was, when we the people have money problems we step up and solve it. Why on earth are people elected who don't share this!? Repubs or Dems!

Surely, the Govt cant get a second job, although with the number of days they take off they certainly have plenty of time to!

They don't spend our money wisely and they never will as long as we allow them to spend as they please, especially when they have allowed unregulated business to be conducted, and jump in with money we don't have.

I realize that there are controversial programs, such as Welfare, but this Bailout had an overwhelmingly (at least from what I have seen, read, and heard) number of Tax Paying Americans who DID NOT agree with it. This is a much different story. When Liberal and Conservative Americans are agreeing that something is wrong and our Govt does it anyway that is a different story.

I am not so upset that this is passing, but more ticked off that they had to do it so quickly. WHy the Rush? Is the Economy and Stock Market really going to crash overnight or was an Agenda being rushed through Congress before people could realize it was Wrong and a Bad Idea.

Exactly... this was a business deal and We Americans are not going to be making out on it.

Whoever is already Super Rich in this country or Abroad will be taking full advantage of the state of our economy. I think I read somewhere that the Elite 1% of America's assets and worth has grown by 16%!

I think this whole Housing Crisis was planned to get cause a crash and a stir to get Cheap Cheap property and We Americans will foot the bill as they screw us all over.

Gee, I have never heard of a G-man putting his gun to head of someone and forcing them to sign a mortgage.

I guess the personal responsibility of people who signed mortgages can now be passed on to others.

Bail-out not surprising, everything Bush touched in the private sector went down the crapper, not the U.S. economy. Way to go George "Jimma Carter" Bush.

Could you explain who exactly is getting bailed out?

Bailout in economics and finance is a term used to describe a situation where a bankrupt or nearly bankrupt entity, such as a corporation or a bank, is given a fresh injection of liquidity in order to meet its short term obligations. (wiki)

Government giving banks the ability to realize losses of 50% or more on bad mortgages is not a bailout. There is not fresh injection of liquidity.

The U.S. government is buying assets.

Labor unions protest in NY against bailout
9/26/08
http://www.reuters.com/article/domes...48O8KJ20080926

Buying assets with what money, oh yea the printing presses are running full speed on the tax-payers backs, and adding more to the 10 Trillion debt - further devaluing the dollar.

Way to go George "Jimma Carter" Bush.

You didn't answer the question, I guess you don't know the answer.