I’ll hold judgement until all the details are released.
Kudlow on radio said most all of the poison was removed and that it wasn’t properly pointed out that taxpayers WILL be paid back. He said that the Paulson bailout portion was significantly reduced as well.
Let’s see what the final package looks like, Kudlow made me feel a LITTLE better so there’s no reason to jump off a cliff...yet, LOL
MCCAIN HAS BEEN MAKING CALLS IN SUPPORT OF THIS BILL!!!! WTH!
boehner says mccain has been making phone calls in support of this bill...........he added that if not for mccain standing up for his postion in the bush meeting this compromise wouldn’t have been possible......they think they saved us from a worse bill
Lol, heck WE aren’t jumping off any cliff.....WE throw THEM off! Then claim temporary insanity!!!!
True. This bill is quite different as a result of the GOP's stance.
They've moderated it a lot. And I do think taxpayers will be paid back.
properly pointed out that taxpayers WILL be paid back”
Yep, sorta like when you loan money to your kids. Yep.
It's still a socialist way to do things but let's face it we are screwed.IT is late in this game.
Several years ago we tried to end this madness(several times) and when it didn't pass in Congress,like so many other things, we stopped screaming and yelling about it. That gave the rats yet another pass! We are in a way to blame! We should never have let up on those SOB's until they relented and the lending nonsense was stopped years ago before things got so out of hand.
First, is there a provision in the bill that requires the Fed to sell these securities? I could readily see the Fed holding onto these things and, in effect, seizing a lot of private land to “protect” people.
Second, does anybody really think the taxpayers will be paid back for this? The money might be paid back to the Treasury, but until I see a dividend check in my hand, there's no way I'm going to feel “paid back”. Besides, even if they do attempt to disburse dividend checks, if they base the amounts on the taxpayers’ tax rate, checks are naturally going to be larger for the people who pay the most taxes, the rich. That isn't going to go over well. Alternatively, if they pay dividend checks out equally, then there's a massive redistribution of income toward the poor. Alternatively, they don't pay dividend checks, and ALL the money goes to lower-income Americans.
These guys need to stop with the b.s., stop with the politico-speak, and start being honest about this. Have some balls, people.