Posted on 09/28/2008 2:15:27 AM PDT by hocndoc
“I listened to President Bush’s speech. I think I understand this whole economic crisis. See, rich people on Wall Street made a big mess. And they’re too rich to clean it up. So the rest of America, you know, their maids and butlers, they have to clean it up for them. You see how easy it is?” —Jay Leno
“As far as this $700 billion bailout is concerned, they keep saying ‘we have to act now, we have to act now.’ It’s like a bad TV offer. Just ten easy payments of $70 billion each, operators are standing by, but you have to act now!” –Jay Leno
“I’ll tell you, to give you an idea how bad the economy is, Wall Street investors are now clinging to their guns and religion.” —Jay Leno
What about the union provision - part of the prcoeeds protecting union worker’s 401K’s? Is that out?
No bail out should be considered until the major causes, including people, of the problem is eliminated.
"We support free American money from taxpayers for Paulson.
It all comes back to us Democrats, anyway. Now move along, dhimmis."
Media silent and will leak nothing .............. check
DOJ will continue to do NOTHING ........... check
GAO will continue to do NOTHING .......... check
There is NO accountability in America........check
Because the Dems are the majority party. People don't realize that's what happens. At the beginning of this "negotiation" the republicans weren't even included at the table. The party in power sets the rules.
Down south we have a saying....."he was grinning like a mule eating shi*"
That's dingy Harry in this pic
Thaddeus McCotter: Republicans Oppose the Paulson Splurge http://www.youtube.com/watch?v=7qA3cpYiz5k
Well, theoretically, you could sell the assets to the Treasury for 25 cents on the dollar, or you could have them insured, which would effectively make them free of default risk and so they should now be priced closer to 100 cents on the dollar. The insurance might go for only a few percent, meaning you could profit big from it.
Stuart Varney was just on F&F and I’ll admit I was only 1/2 way listening initially, as I was reading FR, but I thought I heard him say the ACORN provision and the provision that would allow judges to re-write mortgages was still in the bill. Maybe I mis-heard and he said they were removed. We’ll really need to have a look at the bill to make sure they were totally removed.
They just showed a clip of Sen Judd Gregg (R-NH)- he didn’t look very happy and Chuckie Schmoozer was smirking in the background.
I believe the original funding for ACORN came through some mumbo-jumbo in the law about required credit counseling and lender education, etc. Sure worked well, didn’t i? Watch out for ANY language like this, as it’s just cover for more Democrat voter registration.
The GOP Caucus hasn’t signed on yet. Stay tuned.
If this goes down as a 90+ per cent original democratic plan with ACORN funding buried in it, with McCain support, I'm done. WTF would be the point of getting McCain elected? Where would McCain ever drawn the line?
If McCain caves here, as president he'd sign everything reid and pelosi sent to him.
I'm so damn sick of seeing republicans being rolled by dems and the msm.
If read is smiling it means we, the taxpayers are getting a deep bohica.
They are trying to pull a Bush 41. “read my lips, no new taxes”
Bush will sign this then the MSM and Democrats will blame him for giving his Wall Street cronies 700 billion.
If a dumb schmuck like me could figure this out, wonder why no one else has.
If anyone tries to investigate ACORN from here on out, the Democrats will just shut it down. They now have full power and will use this for political gain with the election barely a month away.
It will take years for the results of a nationalized financial market to rear it’s ugly head. Canada is a prime example of that. We are truly screwed unless a miracle happens and strong Conservatives regain control of the Legislature. That is looking very unlikely at this point.
To be clear, they should put a ‘D’ or a donkey on that picture, because that’s one of Barney Frank’s friends pictured getting the money.
Yep. The democrats communists will be screeching about how it could have gone to “health care for the children, renewable energy research, food for the poor” etc, etc.
If President Bush signs this it will become his “legacy.”
So I'm a big bank and I buy the insurance for a few percent and then declare that the loan is in default and collect 100%. Sounds like this could scammed easily.
And don’t forget that if Obama wins, he will strip the military even worse than Clintoon did. He has said that very thing.
He will pull our troops out of most everywhere, like Europe, Korea, etc,,, and cut military funding to just fund a bare bones National Guard. Because with him as President, the entire World will love us again and we will no longer require a “bully” military World-police force.
Then that money will go for the “po”, to give them free college, houses, food, transportation and spending money. The rest of us will PAY.
Bump to this video. Excellent background.
If the Democrats in Congress had any conscience, they would beg the Republicans to fix this, and then they would crawl into a hole until it blows over. Thanks to Fox News for this one.
It's already happening. From the article (& post #8):
"If the secretary doesn't like it, that's just too bad, because he is going to need the help of each and every one of them to sell the president's plan to the Democratic caucus and the American people."
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