Posted on 09/30/2008 9:26:11 AM PDT by icwhatudo
No point in contacting Wilson (NM) she lost the primary for Pete D’s Senate seat and is a very lame duck.
NW Jersey is still solidly red. Frelinghuysen and Garret held the line.
LOL. Boehner’s line busy.
“The 65 who took a dive”
LOL!!!!
I fax Wolf this moring. I printed out page 27 of the Bill to point out a loophole he must have missed.
I called Bachus, but I felt silly. Does my Texas voice really matter to an Alabama congressman? They asked for my name and address. I told them, then said I had called my own congressman enough. He voted against the bill. Now I’m calling everyone else.
You seem happy that the vote failed.
The US stock market lost $1.4 trillion yesterday.
The rest of world markets lost $3.5 trillion yesterday.
If the credit markets dont loosen up soon, you or your neighbor might be looking for a job. Try to get a loan. Try to finance a business expansion this week. Good luck.
This opposition is typical class warfare - bailout for the fatcats on Wall Street people say...but if Wall Street isnt functioning, the rest of us are soon to be in DIRE straits
CEO’s from Microsoft to Schering Plough to Office Depot are saying if there is no liquidity in the credit markets soon, we will slip into something far worse that a recession.
http://www.bloomberg.com/apps/news?pid=20601170&refer=home&sid=a0h7E2HwQpUk
Bill O’Reilly last night was in panic mode claiming to be concerned about our money and the people. He had two guest who said people just don't understand. Pleeeaaazzzzeee. I understand perfectly well and I'm not a financier.
They really, really, really need this $700B to give to an incompetent government, that has not changed any incompetent regulations, who will give it to incompetent bankers who will use it to cover bad loans they made to incompetent people who can't afford them all the while charging the US taxpayers for layers of incompetency. Does anyone else see a key word? One can only hope 1) they never get this money, and 2) these bankers owe people with names like "Rizzo" or "the Don".
I felt like writing Bill but I wrote him the last several shows and he keeps on with this, “it's both parties fault” (Newt was nodding which was no help). My gut feeling in all of this is some of these people are losing their shirts in the market and would like someone to prop it up until they can move their money.
Personally, I can excuse John Boehner and Blunt who I think really had no choice in the way they were going to vote being the minority leaders. Otherwise, Peloski would have said, "We gave you everything you ask for and you still want more." Those are about the only two I would excuse.
I was disappointed to see that only one SC Rep voted against the Bailout. Henry Brown has a debate tomorrow night, the daughter of Food Lion founder. I vowed I would never vote for another democrat (Mendel Rivers is gone) but am going to watch (never say never) just in case. I think no confidence is the best we can do this election, but maybe we can do better next time.
Twenty of them are retiring. They had nothing to lose.
The US stock market lost $1.4 trillion yesterday.
Great time to buy. Market is up over 250 today.
The rest of world markets lost $3.5 trillion yesterday.
Buy American.
If the credit markets dont loosen up soon, you or your neighbor might be looking for a job.
Maybe I can go work for Ditech who are still spending millions advertising nationally to convince us now is a great time to take out a loan. Already saw their annoying commercial 3 times this morning.
Try to get a loan.
Already got one, was smart to lock in at 5%. But if I need one there are those annoying ads on tv or I could use my local bank (fixed 30 years at 6.375) or any of the banks with no problems at all because they stayed away from sub-prime garbage loans. In fact, my mortgage lender just bought out its competitor.
Try to finance a business expansion this week.
Not sure if expanding a business in a down economy is a good idea right now but when I did call my bank to get the latest rates they were still offering business loans.
This opposition is typical class warfare - bailout for the fatcats on Wall Street people say
Some people say that, I focus more on why we are bailing out foreign banks,why we are adjusting mortgages, and why we can't do someting other than throw taxpayer money at the problem.
...but if Wall Street isnt functioning, the rest of us are soon to be in DIRE straits
No argument there. Let it function.
CEO’s from Microsoft to Schering Plough to Office Depot are saying if there is no liquidity in the credit markets soon, we will slip into something far worse that a recession.
The fed just added 630 billion to the credit markets yesterday (while everyones attention was on the bailout). Holding up the first 250 billion-that this bill proposed-is worth it to try and get a better fix thru ending "Mark to market", expanding FDIC insurance, and eliminating capital gains taxes on entities that buy up the bad paper.
Please don't confuse happiness THIS bill was defeated with a lets do nothing position.
“I fax Wolf this moring. I printed out page 27 of the Bill to point out a loophole he must have missed.”
Where can I find a copy of this bill? Thanks.
Regards,
Yellow Roses
Post 15 - well done!
BTTT
Sometimes you wonder if what you write ever gets noticed, thanks for the shout out. :)
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