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...
Does anyone know where the actual text of the bill is? All I can find are the talking points on Wall Street Journal.
But you get a tax refund and earned income credit that is more than the taxes you paid in.
Yep, FOX has officially glued their lips to Obama's ass.
Let the Asian markets collapse.
I don’t care about anyone else’s economy.
America’s is the only one that matters, and ANY socialist bailout is a BAD IDEA, period.
Regardless of any “pain” some may have to endure.
And don’t give me this globalist crap. My concerns end at the border.
‘Electronically’ he [Obama] has the votes. So he probably is acting as CIC. The DOJ never finished cleaning up the voter fraud they were tasked with. See this link:
http://www.freerepublic.com/focus/news/1800101/posts
Attorney firings had genesis in White House (serving at the pleasure of the President)
Excerpt:
The White House suggested two years ago that the Justice Department fire all 93 U.S. attorneys, a proposal that eventually resulted in the dismissals of eight prosecutors last year, according to e-mails and internal documents that the administration will provide to Congress today.
The dismissals took place after President Bush told Attorney General Alberto R. Gonzales that he had received complaints that some prosecutors had not energetically pursued voter-fraud investigations, according to White House spokeswoman Dana Perino.
/excerpt
And Obama has the electronic votes from the affordable housing fraud through ACORN and the vote from abroad initiative, see:
http://www.democratsabroad.org
This is probably why Obama was so comfortable with the Logan’s Act violation telling Iraq that the treaties won’t be honored under his administration.
“let the civil war begin”
It’s just over the horizon, I’m afraid.
Now the real fun has begun.
Yes! We know differently, but John Q. Public at this point is starting to think McCain has dropped out completely.
Federal INCOME Taxes - people earning $ 10,000 do NOT pay them. They may be withheld from your paycheck, but IF you had filed a return, they would have been returned to you and you might even have been eligible to receive the Earned Income Tax Credit, which means the gov’t would have mailed you a check in addition to ALL the INCOME taxes withheld (paid for courtesy of someone who did pay INCOME taxes.)
Appropriate flag for times like these. Our elected officials just don’t get it this time, just like the immigration fiasco.
The Republicans can point out that they could have crafted with relatively little taxpayer money compared to the bailout by suspending Mark to Market and insuring failing foreclosure securities. This would allow lenders and investors to sort out the mess started by Congressional interference.
Yup, this is a bailout of Europes financial system, not ours. Ours can survive this "crisis" but Europe's may not.
The odds of it passing, according to intrade.com, have dropped by 10 points. It was up by 6 or 7 points a half hour ago, as far as I recall.
Heads need to roll.
or FRee Scooter Libby
Office of Speaker Nancy Pelosi — Sept. 28, 2008
REINVEST, REIMBURSE, REFORM
IMPROVING THE FINANCIAL RESCUE LEGISLATION
Significant bipartisan work has built consensus around dramatic improvements to the original Bush-Paulson plan to stabilize American financial markets — including cutting in half the Administration’s initial request for $700 billion and requiring Congressional review for any future commitment of taxpayers’ funds. If the government loses money, the financial industry will pay back the taxpayers.
3 Phases of a Financial Rescue with Strong Taxpayer Protections
Reinvest in the troubled financial markets … to stabilize our economy and insulate Main Street from Wall Street
Reimburse the taxpayer … through ownership of shares and appreciation in the value of purchased assets
Reform business-as-usual on Wall Street … strong Congressional oversight and no golden parachutes
CRITICAL IMPROVEMENTS TO THE RESCUE PLAN
Democrats have insisted from day one on substantial changes to make the Bush-Paulson plan acceptable — protecting American taxpayers and Main Street — and these elements will be included in the legislation
Protection for taxpayers, ensuring THEY share IN ANY profits
Cuts the payment of $700 billion in half and conditions future payments on Congressional review
Gives taxpayers an ownership stake and profit-making opportunities with participating companies
Puts taxpayers first in line to recover assets if participating company fails
Guarantees taxpayers are repaid in full — if other protections have not actually produced a profit
Allows the government to purchase troubled assets from pension plans, local governments, and small banks that serve low- and middle-income families
Limits on excessive compensation for CEOs and executives
New restrictions on CEO and executive compensation for participating companies:
No multi-million dollar golden parachutes
Limits CEO compensation that encourages unnecessary risk-taking
Recovers bonuses paid based on promised gains that later turn out to be false or inaccurate
Strong independent oversight and transparency
Four separate independent oversight entities or processes to protect the taxpayer
A strong oversight board appointed by bipartisan leaders of Congress
A GAO presence at Treasury to oversee the program and conduct audits to ensure strong internal controls, and to prevent waste, fraud, and abuse
An independent Inspector General to monitor the Treasury Secretary’s decisions
Transparency — requiring posting of transactions online — to help jumpstart private sector demand
Meaningful judicial review of the Treasury Secretary’s actions
Help to prevent home foreclosures crippling the American economy
The government can use its power as the owner of mortgages and mortgage backed securities to facilitate loan modifications (such as, reduced principal or interest rate, lengthened time to pay back the mortgage) to help reduce the 2 million projected foreclosures in the next year
Extends provision (passed earlier in this Congress) to stop tax liability on mortgage foreclosures
Helps save small businesses that need credit by aiding small community banks hurt by the mortgage crisis—allowing these banks to deduct losses from investments in Fannie Mae and Freddie Mac stocks
No, it is all bills that raise revenue shall originate in the House, getting the money in the first place, not spending it.
35% of the recipients would be getting income redistribution.
Your concerns may end at the border, but your bank accounts and everything else financial don’t. Unfortunately.
Welcome to the new world order. It’s been in place for some years now, even decades. It stinks to high heaven, but it’s a reality.
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