Posted on 09/28/2008 10:58:56 AM PDT by pabianice
Now on Fox: Pelosi twisting arms to get Repubs on board bailout bill; much push-back. Pelosi will not let this pass without Repubs on board in case it blows-up and Repubs can pin it on Dems. Race to complete before Asian markets open. The Adventure Continues...
http://republicanleader.house.gov/Contact/
Thank you for the link, I’ve been contacting people all day. You can bet that Pelosi is hoping everyone is doing their Sunday chores or watching sports and will ignore all of this today. THEY MUST CONTINUE TO HEAR FROM US.
“He will lose this election unless he comes out against it.”
Why do you say that?
There will be a bailout package of some sort, and McCain has stated from the start that he would sign a bill if it met certain conditions.
So he won’t be doing anything that he didn’t state from the git-go.
I for one will not hold him accountable for a mess that was created by the dems! Especially considering the fact that he tried to get legislation to resolve this very situation and the dems defended their corruption to this end!!!
From McCain/Palin September 24, 2008:
“Last Friday, I laid out my proposal and I have since discussed my priorities and concerns with the bill the Administration has put forward. Senator Obama has expressed his priorities and concerns. This morning, I met with a group of economic advisers to talk about the proposal on the table and the steps that we should take going forward. I have also spoken with members of Congress to hear their perspective.”
“I am confident that before the markets open on Monday we can achieve consensus on legislation that will stabilize our financial markets, protect taxpayers and homeowners, and earn the confidence of the American people. All we must do to to achieve this is temporarily set politics aside, and I am committed to doing so.”
Yet I'm told here over-and-over that the people of the country are in revolt against this bill.
Barney and the lead pig. Eerie resemblance!
We ceased having a profit and loss system when the Reno Justice Department threatened financial institutions with red-lining. When the institutions caved and began the worthless paper shuffle backed by taxpayers, there was no longer a profit and loss system, only a democrat engineered socialist cesspool.
Barney and the lead pig. Eerie resemblance!
You mean simply comply with the loan agreement? What a neat idea. ;) You know some of this really is not rocket science. Let the market seek it's level. No bail out for the Wall Street Rats.
"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 McCain Campaign knows about Obama and ACORN. My guess is that it will become a PROMINATE story here in about oh three weeks, closer to the election. I would imagine they don’t want to fire that cannon too early. Less time for Bambi to spin out of it. However, the ground ought to be laid now, and they should be rebutting the Obambi campaign’s bullshi7
Dave Ramsey, who is the best economist I have ever seen, says the market won’t crash if we just back off and let these companies fail. He said the democrats are scaring people to get their crap bill passed.
Got this from Ticker Forum:
http://www.tickerforum.org/cgi-ticker/akcs-www?post=63705
“DIRECTLY FROM CONGRESSMAN THADDEUS McCOTTER’S (R-Mich.) LEGISLATIVE DIRECTOR:
The ‘Chris Dodd’ ‘wish list’ is about 3 versions ago and is nothing more than paper in a rubbish bin right now.
Through Rep. McCotter’s PERSONAL delivery to each and every member of the House Republicans, they are using the various reports of the economists from the University of Chicago, relying primarily the collective summation report issued by Professor Eric Zitzewitz (Dartmouth College) to not only support, but give the ultimate credibility to their stance against the bailout. They have absolutely NO INTENTION OF BACKING DOWN.
THEY KNOW THE TRUTH OF THE SITUATION.
He had me fax (actually re-fax) all of Karl’s recent .pdf documents, ‘Congress Think Before You Act,’ ‘Mathematics Fail Paulson/Bernanke Bailout Plan,’ and ‘How to Fix Our Banking System.’ He received them while I as still on the telephone and I emphasized we are available at his immediate request to do whatever is necessary to stop a bailout - inluding being in Washington DC within hours.
They are fighting bull**** with real, hard-core facts, backed-up with immpeccable research and credibility.
House Republicans are to be meeting sometime this afternoon to discuss THEIR version of the Bill.”
“Lemonaid - Get on the phone with them RIGHT NOW! They are staffed and taking calls at:
DC Address: The Honorable Thaddeus McCotter
United States House of Representatives
1632 Longworth House Office Building
Washington, D.C. 20515-2211
DC Phone: 202-225-8171
DC Fax: 202-225-2667
Support him! Tell them NOT TO VEER ONE BIT FROM THE ACADEMICS’ REPORTS AND ADVICE!
THE ACADEMICS HAVE NO CONFLICT OF INTEREST (like Buffett, Gross, et al)!!
THEY ARE THE BRIGHTEST ECONOMIC MINDS IN THE WORLD - THEY ARE ABOVE REPROACH, ESPECIALLY TAKEN en mass.
THE AMERICAN PEOPLE WANT AND DESERVE THIS - AND WE ARE TAKING NAMES AND DOCUMENTING ALL OF THIS METICULOUSLY - THE AMERICAN PEOPLE WILL MERCILESSLY REMOVE EVERY SINGLE MEMBER OF CONGRESS THAT VOTES TO BAIL OUT WALL STREET AND WILL JUSTLY REWARD EVERY MEMBER WHO STANDS FIRM AGAINST THE LOOTING OF AMERICA.”
Then if all of what you say is true and I believe it is, then this bail-out is simply the redirection of the costs for sub prime loans away from the private banks and toward the stupid citizen tax payers who voted for the Democrat politicians who caused this mess.
"Why is this money not restricted to buying actual mortgages?"
Because it's those paper assets that threaten to vapor-lock the credit-derivatives market. That's a $62 trillion pyramid.
Yes, exactly and it's why I demand that not one dime goes to buy those paper assets. And while they're at it, please stop telling lies about how these assets are not valued at zero and that someday we can recoup much of this money once the market stablizes. That's all BS and every thinking person who can read and bothers to do so knows it.
Face it folks, the people pushing this bill, both Republicans and Democrats are lying to you. Read the language and you'll see this is for the purchase of "mortgage related assets" not mortgages.
This is still a sham and the minor modifications we've achieved so far are nothing but throw-away items. This bill remains a travesty.
A side-by-side comparison between the original and the one now being considered is available here from Roy Blount's office and I'll just summarize the key missing points below (as I see them)
Why does this bill not drop the capital gains tax altogether (2 years is a start, but I'd like to be rid of it completely)
Why does this bill not dictate that this money be used ONLY for the purchase of mortgages, not "mortgage related securities"
Why does this bill not dictate that this money be used ONLY for the purchase of mortgages FROM US Institutions (no foreign investment banks)
And why has John McCain not grown the gonads to stand up and publicly describe in detail how we got here and how our "affordable housing" initiatives actually caused this and name names. I want to see Barney Franks, Chuck Schumer, Nancy Pelosi, Harry Reid and Barry Obama named specifically and the real information on how this happened made public.
Why is this money not restricted to buying actual mortgages?
Why is this money not restricted to assisting American companies?
Ask your representative and push them to answer!
The most important tactic used by proponents of Socialism/Communism is “Divide and Conquer”. Sounds like Obama, huh?
Fact is she can't.
Dims are feeling a lot of pressure from home on this turkey just like republicans are. No way can a dim from a "conservative" district vote for this and hope to be reelected.
It simply won't pass the house without republican help.
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