Now would have been the perfect time for Maverick to suspend his campaign to deal with the crisis. Too bad he played that card last week.

How can you be sure he’d have the opportunity to play it now had he not played it last week?

As is usually the case, we all can select the poll which best represents our positions. I say “let the markets correct themselves, don’t cover the losers with phony paper.” A solution can be reached, but let the market correct itself first. In the mean while, investigate for the reasons/causes and educate the people so that this debacle doesn’t repeat itself down the road. Lessons can be learned from this if handled appropriately. Let the truth be told, let the truth be written.

JonRoss on September 29, 2008 at 10:18 PM

My guess is that more Americans will favor a bailout, and it might be easier for Democrats to pass one with lots more liberal payouts in it.

I want the Republicans to get the best bill they can that lessens the immediate crisis, then work on preventing the next one. If this bill was the best we could get, given the Democrat majority, it should have been passed. If no bill is passed, then I am almost certain that more economic trouble is coming for millions of Americans.

I’ve lived through riots close up and other irrational mass behavior. I know how panic can take over people. So, I am worried about all the hatred and irrationality being continuously thrown about.

I was born after the Great Depression, but remember the enormous impact it had on my elders. I’ve lived through 5 recessions. The mid-70’s was the worst for me. I’m old, disabled, and live off my savings. The economic crisis, if it goes as badly as it might, is going to hurt others far more than me. Including many who argue against the bailout for ideological, partisan or selfish reasons. I hope I am wrong, but the economic and behavioral signs look very bad.

http://www.fbi.gov/pressrel/pressrel08/mortgagefraud061908.htm

csdeven:

So, when a soldier gets a zero down loan from VA he is a parasite? Is that what you think?

If they were going to punish people for getting zero down loans then they should not have offered them in the first place. These young people were told not to waste their money on rent, it was irresponsible to throw your money away on rent when you could make that payment and be a home owner.

I am sure some people took advantage, but most of them did not. Most of them believed what the professionals they were dealing with told them.

Treating them like dirt will not help anything. It will not save anything. It will not solve anything. There are banks failing, insurance companies failing, investment houses failing, this is way and beyond those people.

BTW, I did not get a free education. I did not get a free anything. Whatever I have, I have worked for and I don’t want to lose it.

Terrye on September 29, 2008 at 8:52 PM

VA loans are earned.

Predatory. An interesting word to use. Most people who are preyed upon are willing victims through character flaws. Greed, entitlement mentality, etc.

What you call treating someone like dirt is what I see as the underlying reason for this mess. People who couldn’t qualify for a loan were somehow being treated like dirt, so we’ll give them a loan they can’t afford. BRILLIANT!

We are treating them like adults. They signed the contract. the wording was there for them to see. If they failed to understand it they should not have signed it. I read my contracts and I didn’t sign anything that I wasn’t willing to take FULL responsibility for. Why they feel differently is the exact reason why they signed it to begin with.

But again — if this whole things falls over into ruin and I get fired, how does this benefit me?

k2aggie07 on September 29, 2008 at 9:28 PM

Short term there is no benefit. Hopefully you have prepared yourself by living within your means and having a savings to hedge against this kind of disaster. I have limited my belongings so that I can dig ditches for a living and still meet my financial obligations. I have a food storage system that will, if I am frugal, get me through a year without seeking help from others. The amount of sacrifice I have endured in order to have that food storage has been immense. I went without a lot of stuff. Fast food, fancy cars, extravagant clothing, video games etc.

So I have willfully restricted my spending habits and I hope you can understand how going through that kind of sacrifice does not encourage me to give much of a rats ass to those who were eating fast food and playing video games while I was eating a can of beans and playing cards with my family.

The oppose number may rise because many people are self-centered and not to bright. They would rather go to a sure butchering than run for freeedom. Which way you going Lox ?

JonRoss on September 29, 2008 at 10:18 PM

Ye gads, got my positions reversed, those who FAVOR will rise because of their cowardice and desire to be dismembered bone and muscle by Pelosi. Thier personal interests are above the national interests. They favor Marxism over freedom. So how to vote Lox ?

82% of Americans are saying NO to this bill. 82% of America understands that this bill will throw our Constitution under the bus; end game!
Keemo on September 29, 2008 at 9:55 PM
Rasmussen poll of Likely Voters on the Bailout Plan (9/29)

33% favor
32% oppose
35% not sure

That was before today’s vote and market crash. Which way are the numbers likely to move now?

Loxodonta on September 29, 2008 at 10:14 PM

The oppose number may rise because many people are self-centered and not to bright. They would rather go to a sure butchering than run for freeedom. Which way you going Lox ?

82% of Americans are saying NO to this bill. 82% of America understands that this bill will throw our Constitution under the bus; end game!
Keemo on September 29, 2008 at 9:55 PM

Rasmussen poll of Likely Voters on the Bailout Plan (9/29)

33% favor
32% oppose
35% not sure

That was before today’s vote and market crash. Which way are the numbers likely to move now?

They get us all frightened; going to lose everything; the sky is falling; on and on and on…. They work us like a bunch of cows being led to slaughter. The only dynamic giving me hope right now is the fact that 82% of Americans are trusting their gut instincts and fighting back against this blatant attempt at Socialism.

We the people of the United States, in order to form a more perfect union, establish justice, insure domestic tranquility, provide for the common defense, promote the general welfare, and secure the blessings of liberty to ourselves and our posterity, do ordain and establish this Constitution for the United States of America.

Keemo on September 29, 2008 at 9:55 PM

Somehow I always feel like an “Amen” would be approriate at the end of that paragraph.

82% of Americans are saying NO to this bill. 82% of America understands that this bill will throw our Constitution under the bus; end game!

This bill is not the solution, but rather the death of the greatest nation ever created. A solution needs to come forward, but if it does, it will not be disguised with make-up and costumes. 82% of our people recognize that this proposed legislation is an attempt to steal our country from the people; steal our country from us folks.

The Constitution of the United States of America

We the people of the United States, in order to form a more perfect union, establish justice, insure domestic tranquility, provide for the common defense, promote the general welfare, and secure the blessings of liberty to ourselves and our posterity, do ordain and establish this Constitution for the United States of America.

csdeven:

Who are these people? They did not break any laws. They thought they were getting real loans. Not all of them are bums or crooks, many of them are young people buying their first homes.

And besides, it is not all about them. This thing will spread way beyond them. Are you so insistent upon punishing someone for getting a zero down loan that you are willing to sacrifice your pension fund or your children’s education

These people are people like my mother in law that got one of these loans in the mid 90’s and defaulted on it in less than 4 years and fewer than 7 years later, without so much as paying off what she stilled owed on the previous loan, was able to get another one. She’s about to bail on that second one. Not because of any hardship that was caused to her or out of her control. (Although she’ll tell you that all day long, it’s always someone elses fault) It’s just a lot easier to run from your problems and leave them for someone else to clean up then to face them head on. As for the young people buying their first homes, I was that young person just a few short years ago. But I had to be responsible. I expect everyone else to be as well. I refuse to have to bail others out. I refuse to have my children have to bail irresponsible jerks out. Why should they?

csdeven:

So, when a soldier gets a zero down loan from VA he is a parasite? Is that what you think?

I really doubt he believes that or is intimating any such thing. When a soldier gets a VA loan it is a benefit that he has worked for and earned. My husband served 10 years, part of that time in combat to earn the right to use that VA backed loan. What the hell did any of these people do to earn that same right? And now that they are bailing on those mortgages why should my family bail them out?
Barry is so concerned about the middle class. They aren’t the only ones in America. I have been a member of the lower-poorest class in America and grew up in an Upper class house hold. I am blessed to just barely be a member of the struggling middle class, but I am offended when pols fail to speak to ALL AMERICANS-Rich, poor, and the in-between.

Terrye on September 29, 2008 at 9:10 PM

Terrye,

You’re smarter than that. The FBI is controlled by who? All

I can do is hope that the FBI will actually do this job without prejudice. History tells me different. One things for sure at this point; this bill is pure Socialism, and has nothing to do with the United States Constitution. Pure 100% Socialism dressed up with loads of make-up and costumes.

Keemo on September 29, 2008 at 9:20 PM

Hey my friend! Good to see you. I have to fix dinner. Take over!

God Bless All…..and have faith, there is a one who will not forsake you, even in dire times.

It’s all about how the media spins it and…they’re eating up the idea that this is All Their Fault.

k2aggie07 on September 29, 2008 at 9:30 PM

Yeah and if ever last GOP member voted yes the headlines would be “Democrat House passes bail-out”. The GOP is going to get crapped on by the press regardless so they need to do what is right, as alien a concept that is to a lot of folks.

I agree, you do see it differently, but I don’t follow your logic.

trailboss on September 29, 2008 at 9:15 PM

I don’t see this issue as a clogged rectum that just kinda happend. I see it as an economic system that has been manuvered to the gallows by those who hate it. Dodd, Frank, Pelosi, Kennedy, etc. The hangman has given us a choice now, quick death by bail-out or a slow one by a DEPRESSION or worse. The quick death is for sure and we will feel some, but not a lot of pain; the slow death – who knows for sure. I am willing to risk my job, house and everything else I own in an attempt to salvage our system. The bail out really ends all hope. There are no guarantees this is the end of it. There are no guarantees that the pork will not be ladled on after the election.

So what about the FBI investigations? People seem to be ignoring those. They are happening now.

Terrye on September 29, 2008 at 9:10 PM

Does not follow. That the executive would be doing its job has no bearing on the reality of getting a bill passed.

Besides, I’m not giving you my reason for not supporting it. I’m giving you the reason why most of its detractors hate it, both on the left and the right. Perhaps if more time was spent explaining it, instead of folks being told to “STFU and do as your told,” you’d have more support.

Rovin on September 29, 2008 at 9:02 PM
It might be useful to stop it from collapsing first, or at least reduce its potential for immediate collapse, and then fix the causes that threaten future collapse.

Loxodonta on September 29, 2008 at 9:07 PM

This is where you folks don’t seem to face reality. IT HAS ALREADY COLLAPSED! Paulson’s plan for reviving liquidity is a joke. Pelosi played her game at the nation’s expense by making her political statement knowing full well she did not have the votes to pass the bill. Read Mike Pence’s Republican alternative (which is never considered in this “new direction congress’) where liquidity is restored in the form of FDIC’s and not directly at the taxpayers expense.

Look on the bright side—–oil dropped another 10 bucks a gallon today. At this pace, there’s more money going into the pockets of “us” consumers than anything the government can do to save us. The small investors and small business folks have to be protected. This bill today did nothing to prevent or protect us—-that’s why it failed.

However Pelosi can’t blame the failure on the GOP without having it thrown back at her now.

Wanna bet? Do a quick scan of headlines and find one that puts even one iota of blame on her.

It’s all about how the media spins it and…they’re eating up the idea that this is All Their Fault.

But again — if this whole things falls over into ruin and I get fired, how does this benefit me? If I can’t get a loan to start a small business, which I aspire to, how am I better off? We haven’t been nearly as free or nearly as capitalistic as we think for a while. I don’t see either of the options (vote for this, vote against it) resulting in a come-to-Jesus moment for the current majority party in the house.

Will that something be better or worse for us?

k2aggie07 on September 29, 2008 at 9:16 PM

You can analyze this thing up and down and around and around, and nuance the hell out of it. Most of the Donks probably who voted NO did so because they have been threatened by the folks back home. Will they switch later ? Who knows. However Pelosi can’t blame the failure on the GOP without having it thrown back at her now. Did “we” win or lose ? I think taking a principled stand is never a losing proposition, regardless of the outcome.