Thread: Update on Bailout progress

Originally Posted by April

Originally Posted by butterbean

"We hope sometime tomorrow evening we can announce that there has been some sort of agreement in principle so that the only thing that will have to be done is to write the legislation," said Sen. Harry Reid, D-Nev. "It is still a long way from completing it but we've made significant progress."

I dont trust anything that comes out of Senator Harry Reids mouth. He has already tried to sneak legislation into this bill and got caught. My question is how did a "2 page 700 million bail-out bill" get to what I heard is now a "100+ page document"? What are these people adding into it?

They are keeping it all top secret! They are going to spend our money any way they want no matter whether we like it or not!!!! WE NEED TO KEEP SLAMMING THEM!

Of all the things that upset and scare me in this bill, I think the secrecy is the worst.

Originally Posted by agrneydgrl

I keep saying, we should stop paying our taxes. They can't arrest us all. If enough of us did that, we could stop them in their tracks as they won't have money to carry out thier plans agaisnt the people of the United States.

Do you really think that will stop them? They probably would just borrow or make more.

Bailout Negotiators Hope To Get Agreement By Sunday Night

By Erin McNeill, Benton Ives, Alan K. Ota and Molly K. Hooper, CQ Staff

Key lawmakers met Saturday afternoon to hash out unresolved questions about a rescue plan for the financial system as President Bush sought to persuade angry Americans that action is urgently needed — for their sake, not just Wall Street’s.

Senate Majority Leader Harry Reid , D-Nev., said that staff had worked until 3 a.m. on the outlines of an agreement. By early afternoon, he said, “only a handful of issues — maybe a handful and a halfâ€

Of all the things that upset and scare me in this bill, I think the secrecy is the worst.

Absolutly. Seriously......I can here them Now.......by the time they figure this out.....it will be all over.....unfortunatly, they have forgotten the American people aren't STUPID. There are those of us who REMEMBER! This didn't START with Bush.....it's been all a part of the plan. I couldn't cash a check 20 years ago without a photo ID, SS#, finger print, and 2 credit cards, or have a bank account without a minimum balance and proof of employment.........now you can with none of the above. Heck they are giving my dream home away to an illegal Mexican with a 6th grade education!

Originally Posted by crazybird

Of all the things that upset and scare me in this bill, I think the secrecy is the worst.

Absolutly. Seriously......I can here them Now.......by the time they figure this out.....it will be all over.....unfortunatly, they have forgotten the American people aren't STUPID. There are those of us who REMEMBER! This didn't START with Bush.....it's been all a part of the plan. I couldn't cash a check 20 years ago without a photo ID, SS#, finger print, and 2 credit cards, or have a bank account without a minimum balance and proof of employment.........now you can with none of the above. Heck they are giving my dream home away to an illegal Mexican with a 6th grade education!

How can they vote for it? It's all over the TV that it's about 99 to 1 (something like that) against the bailout happening at all. They just said that they even got more emails than they did for the immigration issue! They listened that time but when will Amnesty be snuck in something on the hill.

Saw this on a forum, found it pretty disturbing.

Posted 27 September 2008 01:05 AM
Don't know whether this has came out or not in print, but there are reports out of Washington that are saying that the Admin and Congress have known for about a year that Wall Street would need bailing out. It came on faster than they expected but that is why they got together the info so quick. They had been working on it all along. Yet somehow they just told us and now act like we need to scramble.

Also earlier today, info from the House Republicans who have been balking at the bailout said part of the problem is the Democrats are pushing for 20% of the profits (if we ever make any money back) to go to ACORN, the community organization that Obama worked for as an lawyer and organizer to get Fannie and Freddie to give loans to low income families.. They are one of the democrats largest special interest groups and one of the major problems in the failure of those organizations.

Will be interesting to see if these things are probed to let the American public know how bad both parties are currently screwing us.


http://forums.the-dispatch.com/eve/foru ... 4881006777

Originally Posted by WorriedAmerican

Originally Posted by crazybird

Of all the things that upset and scare me in this bill, I think the secrecy is the worst.

Absolutly. Seriously......I can here them Now.......by the time they figure this out.....it will be all over.....unfortunatly, they have forgotten the American people aren't STUPID. There are those of us who REMEMBER! This didn't START with Bush.....it's been all a part of the plan. I couldn't cash a check 20 years ago without a photo ID, SS#, finger print, and 2 credit cards, or have a bank account without a minimum balance and proof of employment.........now you can with none of the above. Heck they are giving my dream home away to an illegal Mexican with a 6th grade education!

How can they vote for it? It's all over the TV that it's about 99 to 1 (something like that) against the bailout happening at all. They just said that they even got more emails than they did for the immigration issue! They listened that time but when will Amnesty be snuck in something on the hill.

Voter worries

Congressmen of both parties are anxious to get back to their constituencies in order to fight the election which takes place on 4 November.


But they are also worried by growing evidence that most Americans are sceptical about the bail-out deal, and especially about how much it will cost

The latest opinion poll, from the Associated Press-Knowledge Networks, taken on Friday, showed that only 30% expressed support for the bail-out package, while 45% were opposed and 25% undecided, despite the dramatic appeals of President George W Bush and Treasury Secretary Henry Paulson that the move was necessary to save the US economy.

The widespread public opposition is one reason that the Congressional leadership wants a bi-partisan deal before they are prepared to put the proposals to a vote.

They do not want to face the voters unless they can show that Congress acted on a united front because of the urgency of the crisis.

http://news.bbc.co.uk/1/hi/business/7639321.stm

Originally Posted by tinybobidaho

President Bush expressed confidence that lawmakers soon would pass a rescue plan before leaving Capitol Hill to campaign for re-election.

If they pass this bill against the will of the people, they can forget getting re-elected.

I wish that were true.

Originally Posted by WorriedAmerican

Originally Posted by crazybird

Of all the things that upset and scare me in this bill, I think the secrecy is the worst.

Absolutly. Seriously......I can here them Now.......by the time they figure this out.....it will be all over.....unfortunatly, they have forgotten the American people aren't STUPID. There are those of us who REMEMBER! This didn't START with Bush.....it's been all a part of the plan. I couldn't cash a check 20 years ago without a photo ID, SS#, finger print, and 2 credit cards, or have a bank account without a minimum balance and proof of employment.........now you can with none of the above. Heck they are giving my dream home away to an illegal Mexican with a 6th grade education!

How can they vote for it? It's all over the TV that it's about 99 to 1 (something like that) against the bailout happening at all. They just said that they even got more emails than they did for the immigration issue! They listened that time but when will Amnesty be snuck in something on the hill.

THEY DONT GIVE A DAMN IF 99% OF "THE PEOPLE" DONT WANT A BAIL OUT! They will shove it down our throats whether or not we like it. I REALLY BELIEVE THAT HARRY REID OR PELOSI WILL TRY TO SNEAK AMNESTY INTO THE BILL. I dont trust any of them. They are all a bunch of cads.

Protestors Lash Out At Bailout Plan
At Rallies Large And Small Around The Country, Taxpayers Speak Out About The Bush Admin.'s Economic Rescue Plan
Sept. 27, 2008

(CBS/AP) As Democratic and Republican leaders hashed out a compromise to the Bush administration's proposed $700 billion bailout of struggling banks, Americans took to the streets.

In Denver, several dozen protesters gathered Friday on the steps of the state Capitol to oppose the proposed federal bailout of the financial industry.

The protesters shouted "Jail them, not bail them," and "Main Street, not Wall Street."

Protesters included members of the Colorado Green Party, union workers and the Rocky Mountain Peace and Justice Center.

Center spokeswoman Carolyn Bninski told the small but vocal crowd that greedy bankers and investors were responsible for the current crisis. She said taxpayers shouldn't bail them out.

Also yesterday in Washington, demonstrators with signs picketed outside the U.S. Treasury Department.

Rainbow PUSH coalition founder Jesse Jackson, who headlined the Washington demonstration against the financial bailout, urged a hold on further foreclosures and allowances for people to restructure their mortgage deals.

And in New York, a demonstration sponsored by the group Bail Out People Before Bankers was held in Times Square on Saturday.

This followed Thursday's massive demonstration where thousands descended on Wall Street to oppose the administration's proposal to spend up to $700 billion of taxpayers' money to relieve banks of their bad debt.

Other demonstrations of opposition to the plan - some spontaneous, others quickly organized over the Internet - have been sighted in Akron, Ohio; San Francisco; Austin, Tex.; Chicago; Green Bay, Wis.; Portland, Ore.; Newark, N.J.; Ventura, Calif.; and Greenville, S.C.

http://www.cbsnews.com/stories/2008/09/ ... 2938.shtml