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Press Conference: House Republicans on Bailout Bill, 6:30 p.m. EDT 9/28/08
Sunday, September 28, 2008 | Kristinn

Posted on 09/28/2008 3:35:48 PM PDT by kristinn

The cable news networks are standing by for a press conference by House Republicans on the bailout bill. It should start some time after 6:30 p.m. EDT.


TOPICS: Breaking News; Government; News/Current Events; Politics/Elections
KEYWORDS: 110th; bailout; financialcrisis
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To: icwhatudo
Translation: If you paid your bills on time, were smart and locked in a fixed rate, even paying a fee (called a "point") to get a better rate-this bill does nothing for you. If you did not make all your payments, did a no-cost loan with a variable rate-this bill will lower your rates and the amount you owe on your mortgage.

And guess what? Even with the lower rate and lower amount owed, most of those deadbeats STILL won't pay their mortgages. Then what?

641 posted on 09/28/2008 5:46:13 PM PDT by EnquiringMind
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To: Cedric

Amen.


642 posted on 09/28/2008 5:46:22 PM PDT by jveritas (God Bless President Bush and our brave troops)
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To: mrs9x

I would agree with you most of the time. However, there are polls out there saying that 60%+ of the population is against this bill. (Well, that may have been the Paulson bill, but, frankly, this doesn’t seem fundamentally different from that one.) The Republicans could come out, vehemently voice their objections to this bill, and explain the details and, more importantly, the philosophy behind their bill, and they’d come out ahead in this.

Everyone who is throwing in the towel now just giving into the fear. Until there is a bill passed or Congress goes home for vacation, the markets are going to be going sideways. The Democrats and the Senate GOP will crack at some point, so long as we stay firm on the principles to which we aspire.


643 posted on 09/28/2008 5:46:32 PM PDT by y2gordo
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To: TenthAmendmentChampion

I, like you, want the criminals that caused this in jail. But that’s not going to happen, any more than the taxpayers are going to “get their money back” on this fiasco.

I have a vision of one million angry citizens descending on Washington, and I don’t see it as peaceful. Washington, as a paradigm, needs to be brought to ground. Nobody but the populace are going to do it. Certainly not the corrupt skimmers who claim to “represent” us.

And 50% of that populace are ready to vote into the presidency a quasi-marxist.

I am not optimistic.


644 posted on 09/28/2008 5:47:01 PM PDT by Chaguito
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To: engrpat

“If he wins, think he will, I can assure you that FR will be overloaded with PO’d posters for four years. Think everyone got mad at Bush, you ain’t seen noth’n yet!”

And just think of all the whining and gnashing of teeth if Obama wins. I think I will take four years of being mad at McCain over the stench we will be forced to deal with if Obama gets in.


645 posted on 09/28/2008 5:47:09 PM PDT by donnab (some people use change to promote their careers...others use their careers to promote change.)
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To: furquhart

I would rather stand on principle then stand for nothing at all or fall for everything.


646 posted on 09/28/2008 5:47:29 PM PDT by tomnbeverly (America is dying your choice is to stand and fight or cut and run.)
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To: mrs9x

Thank you. I don’t like this one bit, but it darn sure could have been worse. And I am a big believer in learning to take 3 steps forward, and working to not slip, or get shoved more than 2 steps back. It WILL take you in the direction you want to go. Not as quickly as some might want, but such is life. Best of all, while the smallest of victories, are exceptionally sweet, I am working toward a decisive victory come November.

Tatt


647 posted on 09/28/2008 5:48:05 PM PDT by thesearethetimes... ("Courage, is fear that has said its prayers." Dorothy Bernard)
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To: Cedric
No, the Dems have already tarred McCain for being against the bailout.

Hardly. Read the polls.

648 posted on 09/28/2008 5:48:22 PM PDT by unspun (Tell the truth about Obama to all you know.)
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To: ronnie raygun
Pelosi just said on c span that this is not a buy out this is about helping people secure thier retirement funds and savings

I wonder how the people will react when the democrats impose a 25% tax on every 401K account. (Suggested by Hillary as a trial balloon.)

Democrats are 'saving' the stock market so they can tax your 401K's later.

649 posted on 09/28/2008 5:48:35 PM PDT by Centurion2000 (McCain/Palin 2008 : Palin the Paladin 2012)
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To: nutmeg

I agree. I’ll be supporting McCain/Palin, looking for ways to disrupt and demoralize the democrats/other rats that got us into this mess, and keeping my powder dry.


650 posted on 09/28/2008 5:48:50 PM PDT by Toymaker (The Obama People's Party Liberation Express (TOPPLE) HQ: http://www.cafepress.com/Khaotik_Ink)
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To: kristinn

I couldn’t believe what I was hearing from Boehner. He basically said he made it clear to Republicans that he expected every one who could live with themselves to vote for this bill tomorrow. Everyone whose “conscience will allow” is expected to tow this sh!tty party line. Wow.


651 posted on 09/28/2008 5:48:50 PM PDT by DRey
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To: Pravious

This is so true. I cannot bring myself to vote for a democrat, but my husband is furious at this and the Republican that will vote for this and pushed this. He is for free markets first, and for the first time since he has been able to vote, he is not voting for a Republican. He feels he does not know what the Republican Party stands for anymore, and quite frankly I do not either — it certainly is not back bone. They just did away with the foundation of the free market system. Even with telling an investor how they can invest, such as putting the limits on short selling — this Bill was the last straw! How are we suppose to promote free market capitalism to other countries when we apparently do not know what it means?


652 posted on 09/28/2008 5:48:52 PM PDT by One Sided Media
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To: donnab

Agreed. If Obama gets in this bailout will look tame.

Think higher taxes, the fairness doctrine, no drilling, voter fraud

and corrupt Dems intrenched in every office for generations to come.


653 posted on 09/28/2008 5:48:59 PM PDT by ConservativeMan55 (Obama is the Democrats guy. They bought the ticket, now they must take the ride.)
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To: All

Well look at it this way. Warren Buffet just became an even richer man.


654 posted on 09/28/2008 5:49:24 PM PDT by Revel
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To: mwl8787

‘there is not one thin dime in this legislation for ACORN.’

I’m not an economist, so I dont know if or how much of a bailout is really needed. Plus, there is no guarantee this will work. Anyways, I will stand by the republicans on this one. Pelosi could have proposed the first draft with enough dem support and Bush would have signed. If it failed there was always the old “Bush’s fault”, so I can only assume the alternative is better. I joined FR for two reasons 1.) sky high energy costs and 2.) stop obama. The only way to do that is to rally behind McCain/Palin.
The alternative is dangerous. ____________________________________________________________

Resume of: B HUSSEIN OBAMA

1.) COLB
Proven fake by more than one source
2.) Sketchy childhood
We know some details - Lots of gaps - muslim?
3.) College thesis has vanished
Was it anything like Michele’s?
4.) Overseas travel
Pakistan? Why? On what passport?
5.) Law records
What cases did he represent?
6.) Senate records disappeared
What was he trying to hide?
7.) Associations
Rev Wright, Ft Flager, Ayers, Rezko, Davis, Michele etc.
8.) Senate voting record
That speaks for itself
9.) SCOTUS
Who would his choices be?
10.) Proven Liar
11.) Inexperience
12.) Racist, Sexist, Radical, Marxist views

THIS IS THE TRUTH FOLKS!!


655 posted on 09/28/2008 5:49:25 PM PDT by mouse1 ("Sen McCain is absolutely right")
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To: Warlord

Who cares about ACORN. That was a red herring. The republicans, including Mac, needed to hold out for a mandatory insurance program, with a buy and hold option only if necessary.

_______________

Taking ACORN out may have saved the election from being stolen, it matters, and SHOULD BE MADE A HUGE ISSUE, EXPOSE ACORN!


656 posted on 09/28/2008 5:49:48 PM PDT by word_warrior_bob (You can now see my amazing doggie and new puppy on my homepage!! Come say hello to Jake & Sonny)
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To: word_warrior_bob
the bad part may be that the insurance portion isn’t guaranteed.

The insurance is in there because of the hard work of the GOP.

It is an option that companies can choose as an option. If by "guaranteed" you mean mandatory...they are not forcing companies to take insurance. It's their option.

657 posted on 09/28/2008 5:49:59 PM PDT by what's up
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To: unspun

Chuck Schumer on Friday: “President Bush, tell John McCain to leave town. We had a deal yesterday before he came here and ruined it.”


658 posted on 09/28/2008 5:50:15 PM PDT by Cedric
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To: gswilder

My question is this - Is it really needed to calm the markets? And I’m serious. This whole thing is being discussed behind closed doors, and rushed. I feel like I’m being hussled with the threat of the sky falling. I was watching earlier, with statments being said that most banks are safe and credit/loans will still continue to those who are safe to loan to. It’s those with bad credit that will have trouble. But, isn’t that the way it should be?


659 posted on 09/28/2008 5:50:15 PM PDT by HollyB
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To: ConservativeMan55

Hello 2nd American Revolution.


660 posted on 09/28/2008 5:50:40 PM PDT by NoGrayZone (Michelle Obama...Queen of the Damned (courtesy of CougarGA7)
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