Jay Bookman

By Mrs. Godzilla

October 3, 2008 2:07 PM | Link to this

This is George W. Bush’s Golden Parachute

By Peadawg

October 3, 2008 2:16 PM | Link to this

Horrible decision!!!!!!! Now CEO’s and big companies will think they can do whatever they want b/c the government will always bail them out.

By RealityKing

October 3, 2008 2:18 PM | Link to this

It means that we now own all these empty homes around us that continue to go down in value. Meanwhile, the banks skip out on the bad loans and are free to do business as usual..

By AJC/DNC Management

October 3, 2008 2:18 PM | Link to this

171 Patriots in the House and 263 socialists.

The market tanks in response.

Bushie has no spine left so it is law, oink, oink.

I pray for you America.

By BigAl

October 3, 2008 2:29 PM | Link to this

Its official. USSA - United Socialist States of America.

By Logical Dude

October 3, 2008 2:37 PM | Link to this

(Dr. Who references below, please forgive my satire on British Telly)

mundane: So, your a financial analyst, can you describe how the bailout can help?

Dr Finance Who: It’s complicated.

mundane: Oh come on now, explain it to me.

Dr Finance Who: It’s REALLY complicated.

mundane: You know, I’m pretty bright, so don’t patronise me with this. Get on with it!

Dr Finance Who: Well, most people think money is this infinite line of credit, in actuality it’s like a great big ball of wibbly wobbly, Money Wubby STUFF. Cash means nothing, it’s all just numbers flowing between the STUFF.

mundane: That last part kind of got away from you didn’t it?

Dr Finance Who: Yeah, it did get away from me…

mundane: You really don’t have a clue either do you?

Dr Finance Who: Well…I really need my time machine, I can’t do anything on my own here.

By PinkoNeoConLibertarian

October 3, 2008 2:38 PM | Link to this

So it’s business as usual in Washington.

Can’t get a bill passed? Add more earmarks and spend more taxpayer money to buy the yes votes you need.

Politician = Prostitute.

By Alan

October 3, 2008 2:38 PM | Link to this

Wow, just wow. We all know Bush is going to sign off on it, so go ahead and mark this day. The day the dreams of our forefathers died. I will never forget where I was and what I was doing the day the poor were robbed to give to the rich. They weren’t even robbed of money they have, but money they might have had for generations to come. Wow, just wow.

By Earl

October 3, 2008 2:47 PM | Link to this

Ms. Gorilla, always blaming Bush are you; nice how you were brought up to never take accountablity and blame someone. Is it always a white male you blame on everything in your miserable life? Sweet. What will happen? CEO’s will spend our millions of dollars; banks will take a slp on the wrist and in no time at all when the scumbags who did this get horny for more money it’ll happen all over again and they’ll find dumb people who otherwise couldn’t buy a mobile home suddenly qualify to buy a house that cost four hundred thousand and once again they’ll put their hands in the air and and scream…” I don’t know nothing about no interest raets…” We’re doomed. Wait till Obama takes the helm, these economic times will look rosey compared to what that Jimmy Carter II will do to us. We think this is bad….just wait and see. Obama will show you bad.

By Jake

October 3, 2008 2:48 PM | Link to this

We just thought ‘tax and spend’ was bad. wait until all the consequences of spending without taxing come about. we’ll be lucky to have a warm place to sh.t!

By Gee

October 3, 2008 2:50 PM | Link to this

So now Hank Paulson will have powers not seen in this country since the revolution. his decisions will not be subject to judiacial overview and the tax payers will be left with the debt. I also notice that the bill has no limit so the Fed and Paulson can just keep going back for more, if the first $700B doesn’t work. This is like selling crack to a crack addict hoping he will get better. It time to close down the fed and stop them artificially lowering interest rates. These are the same powers the Nazi’s and Fascist’s gave to themselves to control businesses under quasi-government control. The experiment in democracy is dead. Stolen by the banks.

By revo_new

October 3, 2008 2:51 PM | Link to this

It’s time for a new revolution. A revolution to re-invoke and reset the dreams our forefathers had for this country that have been destroyed by our current politicians for decades to come.

YOU SHOULD ALL BE ASHAMED OF YOURSELF. YOU KNOW YOU HAVE PERMANENTLY SULLIED THE IMAGE AND MEANING OF THIS COUNTRY.

By Teri B.

October 3, 2008 2:53 PM | Link to this

I actually opposed Paulson’s original ridiculous bailout proposal admimantly, as you know, BUT once they added some oversight and protections, and limited the amount Paulson could actually spend before the next president appoints someone, I felt somewhat better. John Haskell has made some great points about oversight after the fact that still worry me.

Bottom line, I think with all the chicken little, doomsday talk the Bush Admin has been spewing, some sort of bailout has to go through. It may not work. It may be another Bush Admin. scam, but there has to be some show of action or it’s a self-fulfilling prophesy.

By getalife

October 3, 2008 2:53 PM | Link to this

I have never seen a scarier debate.

Frank said w led us to socialism.

Rep. Sherman scaremongered on martial law after the Dow drops a couple of thousand points to get him to vote yes.

Boner crying again and asking God for help.

This was a hail mary that Ron Paul said would not work and we will go bankrupt.

I think we are witnessing the collapse of our country and globalization.

Time for Sonny to call another prayer meeting.

By Teri B.

October 3, 2008 2:55 PM | Link to this

I actually opposed Paulson’s original ridiculous bailout proposal admimantly, as you know, BUT once they added some oversight and protections, and limited the amount Paulson could actually spend before the next president appoints someone, I felt somewhat better. John Haskell has made some great points about oversight after the fact that still worry me.

Bottom line, I think with all the chicken little, doomsday talk the Bush Admin has been spewing, some sort of bailout has to go through. It may not work. It may be another Bush Admin. scam, but there has to be some show of action or it’s a self-fulfilling prophesy.

By robo

October 3, 2008 2:59 PM | Link to this

Great moment in American History.

The death of free enterprise in America.

Yes, free enterprise used to mean bad decisions would ultimately lead to failure. Not anymore. Bad decisions now mean you get the gub’ment teat.

Our governmen is made up of traitors to our very way of life, and we wimper about who is the most popular to elect. Truly sad, and now, unavoidable.

By Davo

October 3, 2008 3:00 PM | Link to this

171 Patriots in the House and 263 socialists

No doubt…I wonder how many of my civil rights I’ll be forced to compromise now that we’re entering into a planned economy? Maybe the Mao suit will make a comeback.

Goodbye, Representative Democracy. Hello Populist Socialism.

By MsV

October 3, 2008 3:02 PM | Link to this

Wall Street and the CIA have a revolving door. Blackmail could have been involved into scaring people into voting for this scam.

By Mrs. Godzilla

October 3, 2008 3:03 PM | Link to this

Earl….The dixie chicks did write a song about you!

Stay away from the potato salad.

Miserable Life? Nope.

I suggest you are projecting.

Your hostility is a clue to your character.

By tcoach

October 3, 2008 3:08 PM | Link to this

Don’t want to hear anyone complaining about this being a bush admin thing.
Because if these people that voted for this bill did so because of Bush then they are jokes.

Just as the old saying goes screw me once shame on you.

Screw me twice shame on me.

But of course if the plan (which I do not think it will) works, Dems. like Frank and Pelosi will take credit but when it fails they will blame bush.

So pick a side now dem. and lets not do the Obama thing and wait and see how it turns out. Either be willing to say the Bush Admin gets all credit or blame. Or be willing to say Dem. get all credit or blame.

Maybe then we can get by all the partisan crap when the house and senate have to revisit this topic in 5 or 6 years, to fix what all it has messed up. That is if we even have a congress after this all settles, don’t know if gov. will be able to afford their pay.

By Gee

October 3, 2008 3:09 PM | Link to this

Not since the abandonment of the Bretton Woods agreement has the US government acted so frivolously. The constitution has been walked over since 1913 when the Federal Reserve was unconstitutionally created. The Feds manipulation of the markets led a recession in the early 1920’s so they got create and eventually created the depression and the US defaulting on the gold standard for it’s citizens, stealing their gold in 1932, all to try correcting the Feds errors. now they simply steal cash, it’s worthless anyway backed by nothing, but faith in the US Government. now the Fed are going to be the ones to save us. I thought they were supposed to have oversight in the first place, isn’t that why we’ve had interest rates below the rate of inflation for 15 years?

By Taxpayer

October 3, 2008 3:11 PM | Link to this

Well, I guess all these Republican wussies on here have no other choice but to vote out all those Incumbent Republicans that voted for this bill. Go for it, girls. Show us what you’re made of. Come on.

By Mrs. Godzilla

October 3, 2008 3:11 PM | Link to this

OH and Earl

Why do you hate the American people?

The value of the 1% of mortgages that are currently in default is 111 Billion.

Most of those folks got screwed.

NOW, its grown to over 800 Billion.

Yep, like Mr. And Mrs. Joe Six Pack are really responsible for all those extra hundreds of billions of dollars.

I really don’t like to call names, and this is NOT directed at your personally, but the folks who blame the American people for this mess - are DOLTS.

Worse than that, many of them are partisan, racist, DOLTS.

By N-GA

October 3, 2008 3:11 PM | Link to this

The last time Bush rallied the Congress to pass bi-partisan legislation, it ended up with the USA invading Iraq!

And so it goes…..

By laura

October 3, 2008 3:15 PM | Link to this

put yourself in a room with like-minded sheep, add george bush and hank paulson. add pork. outside the door, economists with good deas and people like you and me. add foreclosure. add grocery bill. take a picture with your brain. this one will not be forgotten.

By Truth

October 3, 2008 3:17 PM | Link to this

Taxpayer… Did you really just call us girls? Man, you are so tough!

By catlady

October 3, 2008 3:18 PM | Link to this

I am not convinced that the ordinary people would suffer much if this thing had not been passed (the people with no stocks, no IRA, no mortgage, no loans). And there are a lot of us ordinary, work a day people. Those who stood to profit from their RISK should bear the burden of their loss, not those with no possibility of profit. If you haven’t been playing the market in any form, you should not be paying for the risk others took. NMP (not my problem).

And the adding of additional pork to sweeten the deal is absolutely reprehensible!

No one who voted in favor of this bill,other than presidential candidates, will ever get a vote from me.

By Analchord

October 3, 2008 3:26 PM | Link to this

The house doesn’t know what it passed. Neither does the senate. They just added a little salted pork to get it through.

This bill is for foreign banks, not Joe Six-shooter. Not even Joe Six Pack. Not tailgunner joe, not injun joe, not joe schmoe.

Nobody understands this bailout or what precipitated it.

I do understand it, but I’m taking the fifth. (wink).

By Jason

October 3, 2008 3:27 PM | Link to this

Today we have proven ourselves unworthy of what we were entrusted with. We have demonstrated to the world that we will readily surrender our greatest values and most prized beliefs when faced with fear. We have compromised our requirements for freedom out of fear and now we have compromised our commitment to cherished economic principles out of fear. In doing so, we have disgraced and dishonored those who have sacrificed their very lives to protect the same principles and beliefs that we are not willing to suffer economic hardship to defend.

America is now a hollow brand name, independent from and currently in contrast to the underlying significance that it once held.

Wear black and drive with your lights on – because this is a wake.

And pray for a resurrection.

By Davo

October 3, 2008 3:34 PM | Link to this

I wonder which cut of the pig Lewis needed to get his vote. Probably something to help the lower classes and minorities get affordable housing.

…It..would..be..all..to..familiar..

http://www.snopes.com/politics/business/easescredit.asp

By MrLiberty

October 3, 2008 3:46 PM | Link to this

What’s next? What else - a long protracted depression followed and/or accompanied by the rise of a dictator who will exercise all of the powers that were given to him by the useless congress over the past 8 years and included in this bill.

America, its been nice to know you. As Neal Boortz used to say before he was incorporated into the collective on 9-11-01, “better get an exit strategy.”

The outcome is inevitable. The austrian economists have been predicting this day since Nixon destroyed the gold standard in 1973. Ron Paul has been their best spokesperson, but you people were too afraid of freedom, the constitution, the free market, liberty and personal responsiblity to vote for him. Now you will likely choose between two traitors who have sold you out with their votes on this bill. How pathetic.

Here’s a quote from the book “The Beast from Jekyl Island”:

“Although national monetary events may appear mysterious and chaotic, they are governed by well-established rules which bankers and politicians rigidly follow. The central fact to understanding these events is that all the money in the banking system has been created out of nothing through the process of making loans. A defaulted loan, therefore, costs the bank little of tangible value, but it shows up on the ledger as a reduction in assets without a corresponding reduction in liabilities. If the bad loans exceed the assets, the bank becomes technically insolvent and must close its doors.

“The first rule of survival is therefore to avoid writing off large, bad loans and if possible to at least continue receiving interest payments on them. To accomplish that, the endangered loans are rolled over and increased in size. This provides the borrower with money to continue paying interest plus fresh funds for new spending. The basic problem is not solved, it is postponed for a while and made worse.

“The final solution on behalf of the banking cartel is to have the federal government guarantee payment of the loan should the borrower default in the future. This is accomplished by convincing Congress that not to do so would result in great damage to the economy and hardship for the people. From that point forward, the burden of the loan is removed from the banks ledger and transferred to the taxpayer.”

Does that sound familiar? Griffin wrote it back in 1994.

By ButtHead

October 3, 2008 3:46 PM | Link to this

Mrs. Godzilla, your ignorance is showing, they did not get screwed, unless you count stupidity. When your income is $30,000 you don’t buy a $300,000 house. The forced regulation on the banking system by the dimacrats is what caused the collapse. I could go on for hours about the legislation that the dimacrats forced on the banking industry but I doubt that you would understand, so please blame it of Bush. By the way did you see the millions of dollars in bribes that where put in this bill to pass it, over 25% of this bill is democrat bribery, so go ahead Mrs. Godzilla, blame everybody but yourself, you are the ones who put these idiots in office.

By Taxpayer

October 3, 2008 3:47 PM | Link to this

You got it, truth. I am tough. Go ahead. Throw your best lie at me and watch it bounce right off my cyber security screen. I’ll never feel a thing. So, tell me some more about yourself. I always enjoy getting to the root cause of a person’s belief in the Republican party. What’s your true story.

Well, I see the Georgia Republicans held tough. They can proudly proclaim that they held to one of their principles — some trash about free market capitalism. Riiight. What a pathetic joke. Republicans are just plain stupid.

By TW

October 3, 2008 3:48 PM | Link to this

So, then it is correct to say that anti-earmark McSame just voted for some more of the pork he never votes for.

Geez.

By AJC/DNC Management

October 3, 2008 3:49 PM | Link to this

Hillary Praises Palin: ‘Composed and Effective Debater’” It’s amazing, you know, she’s been thrust into the national spotlight with very little preparation and I think that, all things considered, you saw a very composed and effective debater last night.”

AOL Live Poll: Sarah (Thee Wino) Palin 47% 246,242 Joe Biden
45% 236,422

bwa

Watch in wonder as all the Sarah’Cuda goon propaganda dies out with a whimper.

By Beyond Common Sense

October 3, 2008 3:50 PM | Link to this

As an honorably discharged Air Force veteran of four years of active duty, I am in awe of the lack of common sense of the leaders of our country. Numerous approaches were offered by some of the best financial minds in our country, in how to solve this problem without spending one dime of taxpayers money. All of this leaves no doubt that this represents a “pay-off” by the Bush administration to the higher, now wealthy CEO’s of these failed financial banks and companies. It is truly a sad day for America and what was, at one time, a country and its leaders, that one could be proud of. As to the coming elections, more of the same thieves in our future. I plan to stay home while considering investing in a retirement home in Italy.

By Van

October 3, 2008 3:54 PM | Link to this

Was there ever any doubt this bailout bill was going to pass (eventually)?

Now, I wonder where the accountability for tracking its success (or failure) will fall.

By Taxpayer

October 3, 2008 3:55 PM | Link to this

Butthead, your crack is showing. Do us a favor and cover it up.

By Southern Born

October 3, 2008 4:00 PM | Link to this

So, the House votes down the original bad bill, then passes one that’s even worse due to being all porked up.

Get your brooms, folks. Time to clean the House (and the Senate.)

Re-elect NO ONE!

By Truth

October 3, 2008 4:07 PM | Link to this

I figured as much Taxpayer… You just keep hiding behind your screen and me and my Republican friends will hide behind our guns…

By MrLiberty

October 3, 2008 4:08 PM | Link to this

This is not a time to finger point. The Federal Reserve Act of 1913 was passed with the votes of republicans and democrats. This act and the existence of the central bank laid the foundation of every recession and depression we have had since. Hayek received the Nobel Prize in economics for detailing the truth of the so-called business cycle. We are not taught this in school because the people who enslave us don’t want us to know where the oppression came from or how things really work.

It should be obvious to everyone that this country is not divided along the lines of red and blue. It is divided along the lines of supporting the state like a sheep and supporting the rights of the individual like a wolf. The state is the real enemy. They are more interested in their friends than the people the are supposed to represent.

Obama, McCain, Chambliss, Isakson, Scott, Lewis, and the two other democrats from south georgia are enemies of the people. They have traded our future and our liberties for 12 pieces of silver. No vote should ever be cast for them. They should be shunned by all. If you own a business, refuse them business. If you know them personally, shun them. If you know people that know them, encourage them to do the same. They must become persona non grata in their own communities.

It is the least they deserve for selling their country’s economic future to the bloodsuckers in Wallstreet.

This is a truly sad day for america. I hope you will all remember who has done this to you, your children, your grandchildren, etc.

By RC

October 3, 2008 4:12 PM | Link to this

I know I’m relieved, the intellectual dynamo John Lewis voted for the bill.Therefore, it is full of PORK!

By Fed up

October 3, 2008 4:13 PM | Link to this

Time to send these congressman packing.

By getalife

October 3, 2008 4:17 PM | Link to this

What a horrible day for our country.

Just disgusting.

Yet, American continue to trust these politicians.

I am out of outrage.

Sigh.

By Goldie

October 3, 2008 4:18 PM | Link to this

I still say this is a better gamble than throwing BILLIONS OF $$ into that sinkhole in Iraq! What are we gonna get out of spending all that $$$ there when Iraq will still attach itself to IRAN and will ultimately be ruled by another strong-arm dictator???

I’d much rather see my tax $$$ used for rescuing our financial system and retirement investments, as opposed to our never-ending occupation of the Middle East!

By Taxpayer

October 3, 2008 4:19 PM | Link to this

Truth,

That must be your virtual gun that you use on one of those mindless computer games because you obviously are not old enough to handle the real thing, unless you signed up for a tour in Iraq. Come on, little fella, tell us some more.

By RB from Gwinnett

October 3, 2008 4:21 PM | Link to this

Mrs G.

“Most of those folks got screwed.”

How so? They didn’t know they were spending more on a house than they could afford?

By scared

October 3, 2008 4:22 PM | Link to this

Big money buys big votes, news at 11.

I am a proud witness of the beginning of the end, and its scary, but interesting, like watching a slow motion car accident.

The greed and avarice of Wall Street, and their pocket lawmakers, should not be surprising to anyone. But what do you expect from a system of Government where it takes $$$$$$$$$$ to get elected. Obviously 100% of elected officials are only concerned with only the wealthiest Americans, and the rest of us are left holding the bill.

By Alan

October 3, 2008 4:22 PM | Link to this

To all the Georgia Republicans who held their ground and kept faith with their constituents in the face of monumental criticism and possible political suicide, you will be remembered come election day. God bless you. Regardless of what the future may hold, you can be at peace with your conscience and can proudly look at yourself in the mirror because you did the right thing.

By Jason

October 3, 2008 4:25 PM | Link to this

We’re certainly gonna need those “loose” credit markets to afford the hyperinflated prices that will result from this bailout.

U.S.A., 1776-2008 R.I.P.

By dawgsarejokes

October 3, 2008 4:36 PM | Link to this

This is what they actually voted for:

“This is how Washington works,” said Keith Ashdown of Taxpayers for Common Sense, a Washington research group. “A big pot of pork is their recipe for final passage.”

The special provisions include tax breaks for:

• Manufacturers of kids’ wooden arrows - $6 million.

• Puerto Rican and Virgin Is- lands rum producers - $192 million.

• Auto-racing tracks - $128 million.

• Corporations operating in American Samoa - $33 million.

• Small- to medium-budget film and television productions - $10 million.

By dawgsarejokes

October 3, 2008 4:38 PM | Link to this

This is what they actually voted for:

“This is how Washington works,” said Keith Ashdown of Taxpayers for Common Sense, a Washington research group. “A big pot of pork is their recipe for final passage.”

The special provisions include tax breaks for:

• Manufacturers of kids’ wooden arrows - $6 million.

• Puerto Rican and Virgin Is- lands rum producers - $192 million.

• Auto-racing tracks - $128 million.

• Corporations operating in American Samoa - $33 million.

• Small- to medium-budget film and television productions - $10 million.

By Taxpayer

October 3, 2008 4:39 PM | Link to this

Well, why aren’t the small government Republicans working on reducing the size of government as we type. Are they also too stupid to realize that tax “revenue” will be significantly reduced due to the recession, job losses, tax cuts, etc. If we have to hold their hands every step of the way then what good are they. The Republicans in office need to do the honorable thing and just resign.

By CM

October 3, 2008 4:41 PM | Link to this

Congress helped create this mess which has devalued our retirement accounts and evaporated the quity in our homes. Now as a thank you, they want to spend our tax dollars on bad investments that the private sector will not touch. To cover thier mistakes they spend more of our money. When will voters wake up and stop this “shell” game that is risking our future?

By Truth

October 3, 2008 4:41 PM | Link to this

Obviously you are the one who is childish. I will say this…. You are the perfect example of why I dislike democrats. Have a wonderful day, Sir.

By Bosch

October 3, 2008 4:44 PM | Link to this

dawgsareajoke (that hurt to type that),

HEY!!! Wait just a damn minute - those Puerto Rican rum producers deserve EVERY PENNY.

Just kidding.

What is the problem here people? You can’t honestly tell me that you are at all surprised by this.

OF COURSE the rich Wall Street guys are going to get the money, and OF COURSE the middle class is going to get the bill.

Good lord, wake up, this is how the country has been run for YEARS, and NOW all of a sudden you are SURPRISED?

The good thing is (I always try to look for the postive) - that Wall Street knows we are watching them, and we have to actually watch them, and pay attention to this crap. And we have to realize that when money is involved, it’s not a really bad idea to have the government keep an eye on things too.

By peep

October 3, 2008 4:47 PM | Link to this

And what do we do the next time those junkies in Washington kick in our back door to steal our TV so they can get a fix?

By nana

October 3, 2008 4:55 PM | Link to this

These posts are really funny (at least some of them) We have the obvious left saying that the folks got screwed by the banks, the problem with that is that if the folks had any sense at all they would know that they could not afford the house they were getting into. The mortgage lenders/agents try to get everyone to buy a house that is above their means. These same people tried to get my husband and I to buy a house that was over $50k more than what we bought or felt comfortable buying. While on paper it looked like we could afford it but we know our spending habits not the agent or the mortgage lender. As far as this bailout goes this is not only about Wall Street corruption but about corruption in DC. Mostly in the Congress. Whoever gives these senators and reps the most money is who get the pork and handouts. Once again I say vote everyone of them out and impose term limits. I agree with the posts about how the Dems patted themselves on the back and praised Obama’s leadership, etc. If this bailout tanks they will soon forget their involvement in it or their chosen ones involvement and they will blame Bush. Same ole, same ole.

By Taxpayer

October 3, 2008 5:00 PM | Link to this

Hey, truth. The first thing you need to make certain of before hitting the post key is that you have addressed your post to the desired person[s]. Come on, don’t give up yet.

By Lipstick Lesbo

October 3, 2008 5:02 PM | Link to this

Greenspan said that it’s unimaginable that our economy will stay unnaffected by all this turmoil. 2009 should be tuff.

Good thing, that, with the approach of the digital broadcast deadline, scrambled porn is back.

I dont need scrambled porn. Why not? Because I have one of those carnival mirrors, you know, the kind that distorts everything, over my bed. That way, it always looks like I’m getting a Lewinski. Even if I’m alone, with just a blow-up doll, it looks like I’m getting a Lewinski, at least, the scrambled porn version of how a lewinski looks, you know.

Okay, it’s miller time.

‘muff dive

By dawgsarejokes

October 3, 2008 5:03 PM | Link to this

To make this as simple as I can…This is not Presidential vote issue….it is a Democrat and Republican Senate and House issue of failure of both parties. Both of them are equally responsible.

How do we correct it? That’s just as easy…when you go vote it doesn’t matter who is president or vice president. It is your congressmen and senators who need to be kicked out.

The congress and senate make laws, not the president or vice president. What has happened is this….all of them have friends on wall street, all of them have their hands in the cookie jar. All of them have their rich friends to look out for, that includes Obama and McCain.

I will say however that most of the Georgia delegates in the house voted against it. My problem with them is this…where were you when this mess started? Why were you not on television screaming about it then?

That is just as easy….it’s their “Don’t rock the boat” mentality. So fix it the easy way…vote all the incumbents out of office and start with a fresh slate and maybe then we will get their attention.

Randy Flowery Branch GA

By Truth

October 3, 2008 5:12 PM | Link to this

You are nothing but a coward.

By N-GA

October 3, 2008 5:17 PM | Link to this

nana,

There are always people who will take what is offered (loans they cannot afford). The regular banks and mortgage brokers only cared that they got their loan origination fees. Those people who borrowed too much actually have little blame in all this. The blame lies with the bankers/lenders who made the loans.

Look at it this way: If the lender had analyzed the borrower’s credit using “conservative” values, the loans would not have been made and we would not have a “sub-prime” meltdown.

Now then, let me explain who really benefits from this bailout: It is the institutions that hold this sub-prime paper (mortgage-backed securities). Now the government will buy it from them. Who are these institutions? - huge international banks - huge hedge funds - huge retirement funds

BTW nana, all of these institutions has “experts” who knew how crappy these securities were. They paid interest at much higher than merket rates. Do remember the “junk bond” fiasco just a few years ago? Same damn thing!

Now let’s get into a little detail. All the top executives of the institutions got their bonuses based upon short-term results. In order to pump up the earnings, they had to buy these crappy securities because other investments weren’t offering big returns.

Now some maroons will try to give you some garbage about CRA being the root of this problem. Please understand when I tell you that those people have no earthly idea what they are talking about. None whatsoever! There are even stupid videos trying to sell that lie! And I am amazed at how many people fall for it. They are the lazy ones incapable of researching the facts.

If I’m in a good mood AND have time, I may post a couple of thousand words about CRA later. Perhaps I’ll just wait until the inevitable attacks from the uninformed (& unwashed).

By Taxpayer

October 3, 2008 5:17 PM | Link to this

I agree with 5:03. Dawgs are a joke. I think Phil Gramm graduated from UGA. UGA has let us down and they should be ashamed. They should throw all future games against Ga Tech in honor of a school that puts brains before brawn and integrity before politics. They should revoke Gramm’s degree. They should place his picture on a wall of shame.

By Lipstick Lesbo

October 3, 2008 5:18 PM | Link to this

Hey everybody! Truth and Taxpayer R having a catfight!! ROWRR!

CATFIGHT!

ROWRR!

By AJC/DNC Management

October 3, 2008 5:21 PM | Link to this

Considering that we just bankrupted our future, we may as well not compound the problem by electing a couple of bozos to the White House:

Biden, who has emerged as the clear-eyed antiwar realist in the Democratic race, told National Review Online that the idea of a president meeting with Ahmadinejad, Chavez, and others was “naïve.” “World leaders should not meet with other world leaders unless they know what the agenda is, so you don’t end up being used,” Biden said.

Geez.

By yankee

October 3, 2008 5:21 PM | Link to this

Now I understand, a bunch of minimum wage fast food workers took down the world financial market. And it seems most were minority’s. Yup, that’s what happened. The only hope we have is the “law of unintended consequence” that’s the only thing going to help the middle class.

By Lipstick Lesbo

October 3, 2008 5:24 PM | Link to this

The last word on the veep polemic: The camera angle shifted frequently from full face close up to a view from the flank and rear which revealed Palin’s tight skirt and amazing calves. Palin mentioned how she admired Geraldine Ferraro for breaking the glass ceiling, but after seeing Palin in that skirt, I sure wish it was a glass floor.

PS. I also got a gander at the curve of Palin’s derriere, (thank you 1080p) and people, let me tell you something: this aint no pork chop, this is U.S. prime. I didn’t see or hear much of the debate after those rear camera angles, because I was outside in my backyard howling at the moon. My neighbor had to turn a hose on me. Then my life-partner locked me out of the house. I spent the whole night in a tree with a horny possum.

By N-GA

October 3, 2008 5:27 PM | Link to this

Pardon the typos in my 5:17 post…it’s been a long week.

BTW, Lewis Black was hilarious last night (at the Fox). He stood on stage and said “Sarah Palin as VP candidate. I can’t F’n believe it!” at the top of his lungs. Then he said it again….and again. People were laughing and crying at the same time.

By Art

October 3, 2008 5:28 PM | Link to this

The decision to pass this bill was outrageous to say the lease and it will weigh heavily in the shoulders of the so call “democratic reformers” on Election Day. The lack of consideration for the American tax payer and the deliberant neglect to the real victims of this crisis will eventually bring the American people out in to the streets in protest creating a ripple effect that will have global and negative effects to the image and trust of our financial systems. The world that use to looks up with trust on the US economy before Bush and Chaney raped and plunder this country; is now in unrest and this bill will diminish and possibly destroy the little trust in the US economy plunging the markets to a real deeper depression. Such scenario seems too real to be ignored, and what happened after the great depression?… The world submerged into WWII by following “Mavericks” with fascist ideas….sound familiar?

God help us all!

By Taxpayer

October 3, 2008 5:28 PM | Link to this

Oh, Truth. You struck me down with that blow. By the way, you still did not include the name of the one you are addressing. It doesn’t really matter to me but it is good etiquette.

Come on Lipstick. This hardly qualifies as anything more than Friday afternoon funnin’ around. I might just have to pop a top on a beer for this one myself. That is, if the truth is still out there. Gillian has aged pretty well but Duchovny looks like the years with Leoni have been rough on him.

By Greg Mendel

October 3, 2008 5:39 PM | Link to this

Gosh darnit! The goshdarn congress is turning our great land into Cuba! You betcha! Those goshdarn liberals won’t stop until we have socialized medicine. And you know what that means! It means every hardworking hockey mom and dad sitting around the kitchen table will be stuck with affordable health care, like all the other industrialized nations in the goshdarn world! Just ask any maverick if he or she thinks any government can run a health care system, doggone it, and they’ll tell you, by gosh, it would be like the government running the the greatest military on Earth!

Oh. Our army is run by the government? Wasn’t in my darn notes.

Looks like those darn liberal Washington insiders pulled another fast one on us while we were sitting around the kitchen table, swapping yarns, also.

When we get to Washington, John McCain and I will fix that! You betcha, goshdarnit!

Regards,

Sarah Palin

By Taxpayer

October 3, 2008 5:42 PM | Link to this

Did someone mention the FOX. Is that place still open. Dang, I have really been out of touch with Atlanta. Wait a minute. That’s a good thing. Well, except for the FOX. I saw ELO there and Genesis and Prince and…those were the good old days. I even saw Planet of the Apes when it came to Atlanta — that’s the original one with Heston. We rode the bus in to town because that was before any of us had a driver’s license. We didn’t think about getting mugged or robbed or anything like that and we didn’t even have guns or anything.

By Paul

October 3, 2008 5:44 PM | Link to this

Jay,

[[We cannot preserve our free-market economy]]

We have a “free-market economy”?!!? Really?!!? LOLOLOLOLOLOLOLOL!!!!

Beyond Common Sense 3:50

[[As an honorably discharged Air Force veteran of four years of active duty, I am in awe of the lack of common sense of the leaders of our country.]]

If your four years’ service led you to that understanding, it was time well spent!

Goldie 4:18

Sorry to continue to break it to you, but Obama’s going to continue right on spending billions a year in Iraq. And that’ll be after he “pulls out.”

BTW - I have some triple-chocolate brownies coming out of the oven. You’re welcome to share - but if you can’t make it, I’ll be glad to eat it vicariously. It’s the least I can do going into the weekend.

Bosch 4:44

[[OF COURSE the rich Wall Street guys are going to get the money, and OF COURSE the middle class is going to get the bill.]]

BOHICA!

N-GA

[[The regular banks and mortgage brokers only cared that they got their loan origination fees. Those people who borrowed too much actually have little blame in all this. The blame lies with the bankers/lenders who made the loans.]]

That was Palin’s lead-in at the debate. The expression on Biden’s face,,, many looked at him and had the same reaction as that audience at the Fox.

By SaveOurRepublic

October 3, 2008 5:45 PM | Link to this

The Neocon/RINOs and phoney “populist” Demoncrats continue their total enablement of Corporate Welfare, and give the collective middle finger to the American populace. This house of cards is based on the private Fed (of the Central Banking Cartel) and their fiat currency. Wall $rteet is a giant ponzi scheme used to bilk the sheeple (especially these yuppies who foolishly think they’re part of the “Elite”). The Globalist and their minions of shills continue to keep our Constitutional Republic in the cross-hairs!

http://www.infowars.com

By AJC/DNC Management

October 3, 2008 5:46 PM | Link to this

By N-GA October 3, 2008 5:17 PM If I’m in a good mood AND have time, I may post a couple of thousand words about CRA later. Perhaps I’ll just wait until the inevitable attacks from the uninformed (& unwashed).

N-GA: Don’t you think it would be a better fit with your charade of being a millionaire if you weren’t so economically naive?

CRA forced lenders to give high risk loans to deadbeats or risk being outed as racists.

Please do tell us how that statement is factually incorrect, we’d all love to hear it.

Then, on top of that monstrosity, the US government, through Fannie Mac, started buying up all of the bad mortgages.

Perhaps they realized their culpability in the coming meltdown and tried to paper it over, no?

I ain’t saying that the mortgage execs didn’t get greedy but they had the doors opened wide for them courtesy of Barney Frank, Franklin Raines and Oblahma, thee ACORN radical.

Go peddle your nonsense on some street corner.

By AJC/DNC Management

October 3, 2008 5:52 PM | Link to this

By yankee October 3, 2008 5:21 PM Now I understand, a bunch of minimum wage fast food workers took down the world financial market. And it seems most were minority’s. Yup, that’s what happened

Finally, someone who understands the problem, good for you yankee.

It sure was the minimum wage workers that went and bought houses that cost 800 large because the government made it illegal for the lenders to check and see if they could pay the money back, you know, the sane way that things used to happen.

Or should I say Oblahma the ACORN radical made it illegal?

By nana

October 3, 2008 5:53 PM | Link to this

Hey N GA, I agree with some of what you posted as far as the bailout I realize who is going to win at this. However I believe that some of the lenders (initial lenders) were pressured to give home loans to people who could not possibly pay these loans, I think some of them are called NINJA loans (no income, no job, no assets). These banks got their up front money (origination fee, etc) and really could care less if the people made the payments as they were going to sell the loans before the first payment was due. I still say that some people knew good and well they shouldn’t be getting into some of these homes, they are trying live above their means and not taking responsibility. That’s not to say I don’t feel for them. Another problem (and there are many) that the very people in Congress that allowed this to go on are now going to “police” it…give me a break weren’t they supposed to do this in the first place. Again, vote them all out, every last one of them, Democrat or Republican.

By RW-(the original)

October 3, 2008 5:55 PM | Link to this

Another thing that’s really sad are all the posters here and commentators on TV saying this bailout/rescue bill was larded up with all these goodies, some of which are detailed above. That isn’t the case and I’m not sure whether to laugh or cry over the reality.

The reality is the Senate can’t initiate a spending bill which is what the bailout/rescue bill is. That other laundry list of pork/tax incentives was a separate bill that was already going to pass.All the Senate did was attach the bailout/rescue to the tax/pork bill as an amendment to generate a spending bill through the back door.

We don’t need no steenkin’ Constitution….

By N-GA

October 3, 2008 6:00 PM | Link to this

I knew it wouldn’t take very long. And of course it had to be the bedwetter. He couldn’t help himself.

Andy, the Community Reinvestment Act didn’t force banks to make loans. It forced them to give the government REPORTS. The objective was to encourage banks to make loans IN THE AREA SERVED BY THE BANK BRANCH…in other words, to loan money to the people in the area that generated the deposits.

Why did the government do that? Because many banks were taking deposits from one area of town and making loans in another area.

Now here’s the rub, Andy. If the reports the bank provided to the Comptroller of the Currency indicated that the bank was violating CRA, what do you think that the government could do? Well, they (the government) would take that into consideration when reviewing the bank’s application to open a new branch.

And once again, Andy…for years now you have embarrassed yourself each and every time you’ve cut-and-run from my wagers. It’s no charade, yet you continue to covet. I knew you were a Christian in name only.

By Paul

October 3, 2008 6:09 PM | Link to this

N-GA

I’ve heard from some quarters that this ‘rescue’ will negatively impact the next President’s spending plans. It formed the basis of several questions in the last debate.

Is this a red herring? Or real? Thoughts?

By Taxpayer

October 3, 2008 6:22 PM | Link to this

The first thing that will happen regarding significant tax law during the next administration will be the expiration of the Bush tax delays. The new president will be forced to allow those tax delays to come to an end and that will move us one step in the direction of paying off some of our debt.

By "Spank" the monkey

October 3, 2008 6:22 PM | Link to this

Lipstick Lesbo = Po Fo, Einsteins Ghost, Post Haste, Oz, gaybait, wanabe pundit, not clever, funny or interesting.

By N-GA

October 3, 2008 6:25 PM | Link to this

Paul,

I think neither candidate has done an effective job explaining what the specifics of their economic plans are. They talk a lot about taxes. And apparently Obama has indicated he may be willing to let the tax rates ride for a while rather than risk stiffling the economy. In the Obama/Mccain debate, both candidates had weak responses and no specifics (other than a spending freeze, or deferring programs).

Palin’s response to the question in the debate was that there would be no impact. Biden’s response, while better, lacked anything of real substance (foreign aid would suffer, I think he said).

Technically it needn’t affect spending. They can just print more money (auction more government debt). Then we just jack up the debt ceiling and let er rip! Hyperinflation, here we come!

The idea that the only way to restart a moribund economy is to spend your way out of it just gripes my butt! Where is a world-class financial conservative with no allegiances when you need him/her?

By Condorcet

October 3, 2008 6:27 PM | Link to this

There needs to be a public stake in these companies we acquire debt from. They need to understand that if they are going to take these risks, there’s a chance that their businesses will be nationalized, their assets seized and distributed amongst the populace.

By AJC/DNC Management

October 3, 2008 6:30 PM | Link to this

Aahhh, yes, it’s N-GA’s story time, Dimsop’s Fables if you will, come kiddies, let us gather around and be mesmerized.

Uh, then again, let’s not.

By Paul

October 3, 2008 6:31 PM | Link to this

N-GA

Thank you for the response.

In answer to your query: “Where is a world-class financial conservative with no allegiances when you need him/her?”

They’re wandering about, looking for corporate-bundled campaign contributions, wondering why no one will back him/her.

By Paul

October 3, 2008 6:40 PM | Link to this

AJC/DNC

It’s Friday. Call a truce. Your gal has extended the race to the finish line (Jay’s secretly happy). Celebrate.

By AJC/DNC Management

October 3, 2008 6:47 PM | Link to this

Do I sound angry Paul?

How could I be when Buehrle made it through thee first inning without a meltdown?

By RW-(the original)

October 3, 2008 6:47 PM | Link to this

Paul,

If I might interject, N-GA has said vastly more and nastier things about AJC-DNC-M for years than the other way around. If you’re going to ask one party to call a truce, you might want to consider the entire body of history. If you don’t know the entire history you should err on the side of caution and ask both or neither.

/Off my soapbox and on to Happy Hour.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Sarah’Cuda just told Carl Cameron that 90 minutes debating Biden just wasn’t enough and she sure wishes she had more opportunities. Anybody think Hairplugs is will pick up the gauntlet Sarah just threw at his feet?

By RW-(the original)

October 3, 2008 6:52 PM | Link to this

Yikes! Now I’m throwing in extra words for no apparent reason.

By Paul

October 3, 2008 7:02 PM | Link to this

AJC/DNC

Nah, you sound like you’re having a pretty good time, as usual!

I saw on the early morning sports recap that kid off the first base line who caught a fly with his cap, leaning over the fence. Then a couple innings later he did it again.

RW-(the original)

I know, but as Palin said, I was looking at the present and forward, not backward! Gotcha, don’tcha know?

Pleasant weekend, all -

By RW-(the original)

October 3, 2008 7:06 PM | Link to this

Paul,

The same holds true for the present in the debate you just decided to referee. Have a good weekend.

The guy with hat got the first in the air, the second was a grounder.

By Mrs.Godzilla

October 3, 2008 7:07 PM | Link to this

HAVE YOU HUGGED YOUR VOTERS REGISTRATION CARD TODAY

Y’all make sure your registration is clear and don’t forget grannies and uncles and young adults.

It’s October, time for pumpkins and cool beautiful Georgia Friday nights. Since it’s an election year it’s also Caging Season. It’s real and it’s happening in Georgia.

Oh, and Republicans and Independents, you’d better check too. I understand middle initials can be a problem.

The BO/R blows chow.

The WHO or WHAT that made 7 or 8 billion dollars above the 1.2 billion that the bad mortgages are worth, needs to be dragged into the public square and flogged (figuratively).

The folks who were not cheated (FBI is snooping around) but gamed the system? Buh-bye, condos at Snow Mass and jetboats at the beach house. Too bad, so sad.

How hard can it be to find them? Really? If you or I are 15 seconds late with an electric bill our visa card rate goes up!! If they can find out that Mr and Mrs Joe Six Pack bounced a check or let the Sears bill go a day or two, then surely they can find the dirty rotten b******* that stole our money!

WE BEEN ROBBED!!

What do we do now? Hell if I know.

We are Americans,we’ll figure it out. We always do.

Let’s get the grill started….slice the last of the season’s ‘maters and gather around our tables and give thanks.

By HIllbilly Deluxe

October 3, 2008 7:09 PM | Link to this

I was watching Chris Matthews the other night and he asked a question I have yet to hear answered. “Where is this money going? Exactly who will the check be made out to and who is g