Deal reached on financial bailout

me me me me wrote:

<quoted text>
What are you doing about it?
Where are you sitting?
Seems like the only thing your post says is "Baaaaaa"

I do alot of things about it, I write my congressman, you should too. I also get on that website for gas gouging and complain that our gas prices are way too high atleast once a week. I walk around to people houses to see if they will talk to me about what the government is doing to us, there is very very few that will. That is why you are sheep. You don't do anything. What happened to marching on Capital Hill? Most of you, no wait all of you, are too LAZY to do anything about it except sit there and complain about everything. The Mexicans can get a Billion Mexican March going in OUR country, why can't we get our own march going?

If you want to get ahold of Obama check out these links and complain.
http://my.barackobama.com/page/s/contact2

http://www.visi.com/juan/congress/cgi-bin/new...

And of course, check out the link below to get ahold of your own congressman and complain.

http://www.visi.com/juan/congress/index.html

Do something other than sitting there complaining to other bloggers. Send them email or call them at least once a week.

Bail out of Union pension by Federal Govt to absorb them. Call your reps to tell them no!

Batch37 Pain Is Good wrote:

Bail out of Union pension by Federal Govt to absorb them. Call your reps to tell them no!

You really don't feel that people who have worked their entire lives only to have their pensions revoked by some higher up who is making millions are entitled to their pensions?
Hmmmmmmmm

If anyone's interested here is the full text of the final version of the bill they will be voting on today....

http://assets.sunlightfoundation.com/pdf/eesa...

me me me me wrote:

<quoted text>
You really don't feel that people who have worked their entire lives only to have their pensions revoked by some higher up who is making millions are entitled to their pensions?
Hmmmmmmmm

Pensions should stay in the private sector. The Federal govt has no right to hold up some pensions when people who have worked all their lives and paid taxes but did not work for a company that had pensions.

Imagine the precident it sends to all those big corporations now. Don't worry about their pension plans - if they borrow or 'steal' or 'mismanage' them - the gov't will bail them out. I say we can't afford to set the precident. The lesson is FIX the problem with securing pensions - MANAGE YOUR OWN!

At the White House, Bush said, "I'm disappointed in the vote by the United Sates Congress on the economic recovery plan."

Economic recovery plan??? Just when I thought bush couldn't get any dumber...

Batch37 Pain Is Good wrote:

<quoted text>Pensions should stay in the private sector. The Federal govt has no right to hold up some pensions when people who have worked all their lives and paid taxes but did not work for a company that had pensions.

Too Late. The Feds have been bailing out pension plans left and right for the last decade or so.

Good Day,

Xentahn, OMG, we actually agree on something? I agree, this could create an even bigger bubble and bigger problem down the line.

However, let us look at something. WaMu bought by JP Morgan/Chase, Wachovia bought out by Citigroup. This is how to solve the problem, not a government bail out. Let the companies fail! Or find buyers for either the entire company or portions of it. Then, what is left will eventually be bought up by other companies looking to leverage themselves in the market. Remember, the FDIC insures deposits up to $100,000 per individual or $200,000 for a couple/joint bank acount. How many people do you know that have that kind of money in the bank? Exactly, so let them fail, get the money to those insured (preferably before they close their doors) and allow them to place their money in a stronger institution. Giving money to a failure is not a solution but only serves to pour salt on the wound. If we bail them out, we will almost certainly be dealing with an even bigger headache down the road. Ha, even two thirds of Republicans in the House voted against it today. Could they be listening to thier constituents? I think maybe. Voters have keen memories.

Steelie

Wall Street is loosin their a s s!!! So much for a bailout plan. Sell Sell Sell!!!

Steelie wrote:

Good Day,
Xentahn, OMG, we actually agree on something? I agree, this could create an even bigger bubble and bigger problem down the line.
However, let us look at something. WaMu bought by JP Morgan/Chase, Wachovia bought out by Citigroup. This is how to solve the problem, not a government bail out. Let the companies fail! Or find buyers for either the entire company or portions of it. Then, what is left will eventually be bought up by other companies looking to leverage themselves in the market. Remember, the FDIC insures deposits up to $100,000 per individual or $200,000 for a couple/joint bank acount. How many people do you know that have that kind of money in the bank? Exactly, so let them fail, get the money to those insured (preferably before they close their doors) and allow them to place their money in a stronger institution. Giving money to a failure is not a solution but only serves to pour salt on the wound. If we bail them out, we will almost certainly be dealing with an even bigger headache down the road. Ha, even two thirds of Republicans in the House voted against it today. Could they be listening to thier constituents? I think maybe. Voters have keen memories.
Steelie

I AGREE! Now I would add they should write some sort of legislation to provide and or keep the lines of credit open for the small businesses....you know, the ones they all claim is a big reason why they had to do this.....

Good Day,

Businessminded, indeed! I might even go one step further. If these companies want the bailout money they should be required to re-structure their management up to and including the disolution of the board of directors, including CEO, without any severance packages as well. If that means placing regulators in charge until a new team is established, I don't really have a problem with that. I mean why would you want to give money to a bunch of people who have proven themselves to be not only unreliable but irresponsible and incapable of managing these institutions?

Steelie

Steelie wrote:

Good Day,
Businessminded, indeed! I might even go one step further. If these companies want the bailout money they should be required to re-structure their management up to and including the disolution of the board of directors, including CEO, without any severance packages as well. If that means placing regulators in charge until a new team is established, I don't really have a problem with that. I mean why would you want to give money to a bunch of people who have proven themselves to be not only unreliable but irresponsible and incapable of managing these institutions?
Steelie

I cannot help but wonder how this all would have been handled in a post election Congress. It's just so dang obvious that before the bailout the Dow was holding on. After the bailout it dove.....hmmmmm.

Good Day,

Business minded - good point on the market. Oh sure the global banking issue, blah, blah.... Thing is the general public gets it. And they are reacting accordingly. I know how my representative voted (yes for bailout), and guess where my vote is going next primary election? Well, not to this individual. Look, the vast majority of Americans very strongly voiced their opposition to this plan. So why then did our representatives ignore our very loud voices? For what reason did they vote against the wishes of their constituents? Do they really think we are that stupid? Mark my words, I think there are going to be a bunch of new faces in Washington over the next couple of years. Voters don't forget, and rarely forgive.

Steelie

Steelie wrote:

Good Day,
Business minded - good point on the market. Oh sure the global banking issue, blah, blah.... Thing is the general public gets it. And they are reacting accordingly. I know how my representative voted (yes for bailout), and guess where my vote is going next primary election? Well, not to this individual. Look, the vast majority of Americans very strongly voiced their opposition to this plan. So why then did our representatives ignore our very loud voices? For what reason did they vote against the wishes of their constituents? Do they really think we are that stupid? Mark my words, I think there are going to be a bunch of new faces in Washington over the next couple of years. Voters don't forget, and rarely forgive.
Steelie

Sadly, much of the damage will be done....It will be an interesting and historic election - that's for sure!

If you don't like it, why do you suck it up. Is it impossible for you to town forums - cause you'd better starting finding the answers yourselves. The government is not coming to your rescue.

Are you so disconnected that you can't call your immediate family (and friends) together to talk about what you are going to do?

They screwed you, royally. Stand up now America or it won't just be your homes they take.

Steelie wrote:

Do they really think we are that stupid?

Yep, they think that by the time you find out they screwed you, they will be long gone. Don't wait. Stand up now.

Steelie wrote:

Good Day,
Business minded - good point on the market. Oh sure the global banking issue, blah, blah.... Thing is the general public gets it. And they are reacting accordingly. I know how my representative voted (yes for bailout), and guess where my vote is going next primary election? Well, not to this individual. Look, the vast majority of Americans very strongly voiced their opposition to this plan. So why then did our representatives ignore our very loud voices? For what reason did they vote against the wishes of their constituents? Do they really think we are that stupid? Mark my words, I think there are going to be a bunch of new faces in Washington over the next couple of years. Voters don't forget, and rarely forgive.
Steelie

I certainly hope you are right on the new faces in Washington. I know I'm voting to fire my current congress man and senator (Hoekstra and Levin) but I'm afraid that many voters will forget about it by November 4 and just vote along their usual party lines.

Hurley35 wrote:

<quoted text>I certainly hope you are right on the new faces in Washington. I know I'm voting to fire my current congress man and senator (Hoekstra and Levin) but I'm afraid that many voters will forget about it by November 4 and just vote along their usual party lines.

I have already decided I'm voting against EVERY incumbent! They have proven that NONE of them either care about the people they are suppose to be serving or even care about the actual districts/states they are from. And mine are Levin and Ehlers. Quite frankly, I have never voted for Levin for as long as I've been voting. I'll be writing in Mickey Mouse or Pillsbury Dough Boy again this year!