concernedperson
Former Member
- Joined
- Apr 10, 2004
- Messages
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yeah- the Democrats blame the Republican and the Republicans blame Nancy Pelosi and the Dems. Guess they got PO'ed over her speech. These guys need to end partisan politics and get off their butts. Personally their inaction makes me mad!!
The people who opposed this bailout are gonna regret this. Good luck getting a loan of any kind, say bye-bye to your retirement money if much of it is in stocks, if you couldn't sell your house before, you have zero chance now. The Dow dropped 778 just today, but the week isn't over yet. They need to come up with a new plan fast and get it passed. No one, including me, likes it, but anyone with any economic sense knows it's a necessary evil to avoid a devastating economic recession, or even a depression. We've bailed out airlines how many times? This is even more important. And it had bi-partisan support, even from both Presidential candidates. How often has THAT happened lately? That tells you how important this is.
The people who opposed this bailout are gonna regret this. Good luck getting a loan of any kind, say bye-bye to your retirement money if much of it is in stocks, if you couldn't sell your house before, you have zero chance now. The Dow dropped 778 just today, but the week isn't over yet. They need to come up with a new plan fast and get it passed. No one, including me, likes it, but anyone with any economic sense knows it's a necessary evil to avoid a devastating economic recession, or even a depression. We've bailed out airlines how many times? This is even more important. And it had bi-partisan support, even from both Presidential candidates. How often has THAT happened lately? That tells you how important this is.
yeah- the Democrats blame the Republican and the Republicans blame Nancy Pelosi and the Dems. Guess they got PO'ed over her speech. These guys need to end partisan politics and get off their butts. Personally their inaction makes me mad!!
I agree Dark Knight, I hope they are going back to the table and re hashing the differences... we bailed out the auto makers today... I don't like this, but I don't like the thought of depression either. My hubby and I could be hurting if we could not make our mortgage pmt and ours is only less than $800 per month.
Well that wasn't the smartest move on her part, and she fired off more shots at the Republicans after the vote. She never learned when to keep her mouth shut, apparently. If she had something to say politically, she should have waited until AFTER it got passed, at least. What horrible timing on her part.
I guess she, Ms. Pelosi, should have realized the Democrats didn't need the Republicans to get this passed since the Democrats control the House. The fact that several Democrats also voted against it says a great deal about the proposal itself.
Ms. Pelosi also seems to forget that the Bush administration has had to face several travesties since taking over. 911, hurricanes and rebuilding a sunken city - these things cost money and until the President of the US is given the power to have a line item veto power - they and we for that matter, are held hostage to bad legislation that very often accompanies good legislation.
In short - everyone of those corrupt freaks in the House and the Senate need to take a good long look in a mirror and really try to convince themselves they are working for the tax payer on "Main Street". They are all full of bull. This Congress has done zero since they came to power and now they must take a few days off because of holidays - GET REAL jerks. Ms. Pelosi - please return to CA as you simply are ineffective.
You are so right Dark Knight. This is extremely important and they need to get it done as simply and as quickly as possible.
Don't you think it odd that Treasury Sec Paulson had no Plan B derived, just incase this didn't get passed ? I find it very odd and shows a lack of effort - "my way or the highway" thought process - he seems willing to hang the tax payer out no matter what.
While this currently affects loans - the next group in line will be the credit card companies I'm afraid. People have got to stop living on credit, way too much debt going on in all sectors of this country.
If we had better health care, better jobs, here in America, people would be able to make their mortgage payments, on the crappy loans they got. With everything so high priced and no jobs, the average American can't pay their bills.
This bailout is for the wealthy! It is to protect corporate America ONLY!
Exactly RC. We are being spoonfed for the most part. Yes, there is a crisis in the financial markets but why all of a sudden the taxpayers are to absorb this huge debt in a short period of time when it took quite a bit longer for it to get into this shape. Yes, consumers have an inordinate amount of debt for the times but this is likely due to rising costs and job lost. The financial institutions, for the most part, were doing short selling and other risky practices until they were caught with their collective pants down. This hierarchy of greed was rampant and some of this reflects in the bonuses/pay/dividends/ parachutes/etc. available to the top people. I am not downgrading the right to make a living or a really good living but you have to question the whole bailout scenario and the rush to push it through without forethought. I hear Halliburton humming in the background and I wish I didn't.
I was a realtor for almost a decade in Atlanta and had mostly young clients. They all had good jobs but not much in the way of down payments and had good credit too. So, loans were made for this group over and over...conventional, FHA, 100 % financing and the whole creative opportunity. The problem wasn't the loan or the individual but rather circumstances out of their control.
Bad loans or job lost, risky business practices/fraud/greed? Politicians with no grasp on anything but their own pocketbooks and egos? It is like a bunch of kindergartners got loose with too much chocolate.