Posted on 09/23/2008 8:03:34 PM PDT by goldstategop
Kill the bailout: Phones ringing off the hook; student loans, car debt added to proposal By Michelle Malkin • September 23, 2008 10:27 PM
We don’t have to have this trillion-dollar bailout shoved down our throats.
You can make a difference.
Phones are ringing off the hook. Peter Viles at L.A.Land:
A key quote in this morning’s Senate hearing about the Paulson bailout is worth repeating. This comes from Ohio Sen. Sherrod Brown, a Democrat:
“Like my colleagues, my phones have been ringing off the hook. The sentiment from Ohioans about this proposal is universally negative.”
Not “overwhelmingly negative.” Not “deeply suspicious.” Not “extremely upset.” Universally negative.
I’ll state the obvious: Members of Congress aren’t generally in the habit of passing historic and spectacularly unpopular legislation five weeks before election day.
Make your voice heard now. Every second counts: 202-224-3121.
***
Quotable: “‘Just because God created the world in seven days doesn’t mean we have to pass this bill in seven days,’ said Rep. Joe Barton, R-Texas.”
Or at all.
You might want to make a special effort to phone John McCain’s office. He’s waffling and wavering and straddling. Mr. Maverick needs a clue.
Update: Student loans, car loans, and credit card debt have been snuck into the bailout proposal No. No No. Hellllllll, no.
!!!!!!! (Hat tip: STACLU, Pursuing Holiness)
In the dark of night over the weekend when most people were snoozing, the Treasury dramatically expanded its bailout plan to include buying student loans, car loans, credit card debt and any other “troubled” assets held by banks.
The changes, which were included in draft language that also opened the bailout program to foreign banks with extensive loan operations in the United States, potentially added tens of billions of dollars to the cost of the program.
Although it was a major addition to what was already the nation’s largest-ever bailout, it did not become part of the debate between Democrats and the Treasury over details of the program. A Monday counterproposal by Senate Banking Committee Chairman Christopher J. Dodd included such consumer loans as well as mortgages, just as the Treasury’s draft did Saturday night.
“The costs of the bailout will be significantly higher than originally considered or acknowledged,” said Joshua Rosner, managing director of Graham Fisher & Co., who charged that the Treasury and Federal Reserve have not been “forthright” about the ultimate cost to the public. The plan gives Treasury the discretion to buy the non-mortgage loans and securities in consultation with the Fed.
Conservatives cited the move as a sign that the massive plan to take over bad mortgage debt already is opening the door to further government bailouts.
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
only if we have an alternative plan
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
The previous poster is right. It can’t be killed unless there is an alternative plan.
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
This is too funny. On a couple of threads I was accused of being a closet democrat because I said stop the bailout.
So I guess I’m in great company.
Kill the bailout! Let the banksters go to hell.
I didn’t know we had a plan.
I’m not saying that the current bailout is a good idea. But doing nothing would do far, far more damage.
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
John McCain is going to vote for the bailout and rightly so. Also by doing so he will certainly be elected President.
What is the plan?
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
John McCain needs to vote it down and then call out Obama for being a wuss and not showing up to vote, as well as for his ties to Fannie and Freddie.
Hell kill the perps and the bailout.
Bush/McLoser/Barry Messiah ... not a dimes worth of difference on this issue. We need statespeople not solons.
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
Hell kill the perps and the bailout.
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
If there is no alternative plan then this bailout can’t go forward. It will ruin us.
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