The Conservative Cave
Current Events => Breaking News => Topic started by: Miss Mia on October 01, 2008, 09:03:31 PM
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Senate passes bailout (http://money.cnn.com/2008/10/01/news/economy/senate_rescuebill2/index.htm?cnn=yes)
Plan to buy $700B in troubled assets wins OK. Backers hope add-ons will yield more yes-votes in House.
By Jeanne Sahadi, CNNMoney.com senior writer
Last Updated: October 1, 2008: 9:56 PM ET
NEW YORK (CNNMoney.com) -- The Senate on Wednesday night passed a sweeping and controversial financial bailout similar in key ways to one rejected by the House just two days earlier.
The measure was passed by a vote of 74 to 25 after more than three hours of floor debate in the Senate. Both presidential candidates, Sens. Barack Obama, D-Illinois, and John McCain, R-Arizona, voted in favor.
Like the bill the House rejected, the core of the Senate bill is the Bush administration's plan to buy up to $700 billion of troubled assets from financial institutions.
Those assets, mostly mortgage-related, have caused a crisis of confidence in the credit markets. A major aim of the plan is to free up banks to start lending again once their balance sheets are cleared of toxic holdings.
But the Senate legislation also includes a number of new provisions aimed at Main Street.
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Welcome to the slippery slope.
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Welcome to the slippery slope.
Actually, were probably somewhere near half way down it now.
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:censored:
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Welcome to the slippery slope.
Actually, were probably somewhere near half way down it now.
I was trying to make myself feel better, right now we're just 1 election from the punji sticks at the bottom.
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Welcome to the slippery slope.
Actually, were probably somewhere near half way down it now.
I was trying to make myself feel better, right now we're just 1 election from the punji sticks at the bottom.
McCain voted for it. I'm beginning to see that imaginary line between Obama and McCain disappear.
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read up on the mandatory mental health parity rider.
this thing is much worse than the House bill. straight pork pandering.
be sure to shoot your senators. assuming they voted for this turd.
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I can only pray that the house votes this down. Start emailing your congressman!
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Well I'm betting the house will dump this faster then a bag of shit on fire on your front porch.
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Stupid pond scum.
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Well I'm betting the house will dump this faster then a bag of shit on fire on your front porch.
It will fly through the house -- trust me, my political sense is dead on this time.
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Bailout passes Senate, House foes soften (http://www.star-telegram.com/804/story/944466.html)
By JULIE HIRSCHFELD DAVIS and CHARLES BABINGTON
Associated Press Writers
WASHINGTON -- After one spectacular failure, the $700 billion financial industry bailout found a second life Wednesday, winning lopsided passage in the Senate and gaining ground in the House, where Republicans opposition softened.
Senators loaded the economic rescue bill with tax breaks and other sweeteners before passing it by a wide margin, 74-25, a month before the presidential and congressional elections.
In the House, leaders were working feverishly to convert enough opponents of the bill to push it through by Friday, just days after lawmakers there stunningly rejected an earlier version and sent markets plunging around the globe.
The measure didn't cause the same uproar in the Senate, where both parties' presidential candidates, Republican John McCain and Democrat Barack Obama, made rare appearances to cast "aye" votes, as did Obama's running mate, Sen. Joe Biden of Delaware.
In the final vote, 40 Democrats, 33 Republicans and independent Sen. Joe Lieberman of Connecticut voted "yes." Nine Democrats, 15 Republicans and independent Sen. Bernie Sanders of Vermont voted "no."
President Bush issued a statement praising the Senate's move. With the revisions, Bush said, "I believe members of both parties in the House can support this legislation. The American people expect and our economy demands that the House pass this good bill this week and send it to my desk."
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House limits constituent emails to prevent crash - http://thehill.com/leading-the-news/house-limits-constituent-e-mails-to-prevent-crash-2008-09-30.html
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Welcome to the slippery slope.
Welcome to getting f**ked in the ***.
Hugs and Kisses
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with no reach around, no cab fare, and no phone call the next day!
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And no lube. :jerkit:
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There is only one thing these politicians will understand....VOTE them out of office! I wish McCain would have stood strong on this one and voted against this Bail Out, but he didn't. That being said, he is still the best choice for President.
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There is only one thing these politicians will understand....VOTE them out of office! I wish McCain would have stood strong on this one and voted against this Bail Out, but he didn't. That being said, he is still the best choice for President.
Not really.
But he is the best choice between him and Obama.
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Well I'm betting the house will dump this faster then a bag of shit on fire on your front porch.
It will fly through the house -- trust me, my political sense is dead on this time.
Maybe not fly, but I expect it'll pass despite all the angry constituents. There is some significant emerging pressure from the business community in the districts that the results of letting the bankruptcies occur would be just too damned unpredictable to be worth the risk. Some more Congresscritters are likely to vote for it on the what's-good-for-business big picture basis than did, though it's also possible that some who voted for it may change for fear of getting their butts kicked in the election. Hard to call, but the media's been cheerleading it even more than Obama's candidacy for the past two weeks.
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House limits constituent emails to prevent crash - http://thehill.com/leading-the-news/house-limits-constituent-e-mails-to-prevent-crash-2008-09-30.html
Good thing I got my nasty-gram to Ms. Congress-shit Musgrave YESTERDAY.
:banghead:
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Grouped by Home State
Alabama: Sessions (R-AL), Nay Shelby (R-AL), Nay
Alaska: Murkowski (R-AK), Yea Stevens (R-AK), Yea
Arizona: Kyl (R-AZ), Yea McCain (R-AZ), Yea
Arkansas: Lincoln (D-AR), Yea Pryor (D-AR), Yea
California: Boxer (D-CA), Yea Feinstein (D-CA), Yea
Colorado: Allard (R-CO), Nay Salazar (D-CO), Yea
Connecticut: Dodd (D-CT), Yea Lieberman (ID-CT), Yea
Delaware: Biden (D-DE), Yea Carper (D-DE), Yea
Florida: Martinez (R-FL), Yea Nelson (D-FL), Nay
Georgia: Chambliss (R-GA), Yea Isakson (R-GA), Yea
Hawaii: Akaka (D-HI), Yea Inouye (D-HI), Yea
Idaho: Craig (R-ID), Yea Crapo (R-ID), Nay
Illinois: Durbin (D-IL), Yea Obama (D-IL), Yea
Indiana: Bayh (D-IN), Yea Lugar (R-IN), Yea
Iowa: Grassley (R-IA), Yea Harkin (D-IA), Yea
Kansas: Brownback (R-KS), Nay Roberts (R-KS), Nay
Kentucky: Bunning (R-KY), Nay McConnell (R-KY), Yea
Louisiana: Landrieu (D-LA), Nay Vitter (R-LA), Nay
Maine: Collins (R-ME), Yea Snowe (R-ME), Yea
Maryland: Cardin (D-MD), Yea Mikulski (D-MD), Yea
Massachusetts: Kennedy (D-MA), Not Voting Kerry (D-MA), Yea
Michigan: Levin (D-MI), Yea Stabenow (D-MI), Nay
Minnesota: Coleman (R-MN), Yea Klobuchar (D-MN), Yea
Mississippi: Cochran (R-MS), Nay Wicker (R-MS), Nay
Missouri: Bond (R-MO), Yea McCaskill (D-MO), Yea
Montana: Baucus (D-MT), Yea Tester (D-MT), Nay
Nebraska: Hagel (R-NE), Yea Nelson (D-NE), Yea
Nevada: Ensign (R-NV), Yea Reid (D-NV), Yea
New Hampshire: Gregg (R-NH), Yea Sununu (R-NH), Yea
New Jersey: Lautenberg (D-NJ), Yea Menendez (D-NJ), Yea
New Mexico: Bingaman (D-NM), Yea Domenici (R-NM), Yea
New York: Clinton (D-NY), Yea Schumer (D-NY), Yea
North Carolina: Burr (R-NC), Yea Dole (R-NC), Nay
North Dakota: Conrad (D-ND), Yea Dorgan (D-ND), Nay
Ohio: Brown (D-OH), Yea Voinovich (R-OH), Yea
Oklahoma: Coburn (R-OK), Yea Inhofe (R-OK), Nay
Oregon: Smith (R-OR), Yea Wyden (D-OR), Nay
Pennsylvania: Casey (D-PA), Yea Specter (R-PA), Yea
Rhode Island: Reed (D-RI), Yea Whitehouse (D-RI), Yea
South Carolina: DeMint (R-SC), Nay Graham (R-SC), Yea
South Dakota: Johnson (D-SD), Nay Thune (R-SD), Yea
Tennessee: Alexander (R-TN), Yea Corker (R-TN), Yea
Texas: Cornyn (R-TX), Yea Hutchison (R-TX), Yea
Utah: Bennett (R-UT), Yea Hatch (R-UT), Yea
Vermont: Leahy (D-VT), Yea Sanders (I-VT), Nay
Virginia: Warner (R-VA), Yea Webb (D-VA), Yea
Washington: Cantwell (D-WA), Nay Murray (D-WA), Yea
West Virginia: Byrd (D-WV), Yea Rockefeller (D-WV), Yea
Wisconsin: Feingold (D-WI), Nay Kohl (D-WI), Yea
Wyoming: Barrasso (R-WY), Nay Enzi (R-WY), Nay
Senator Salazar is a walking political dead man. If I have my way, he doesn't survive the PRIMARY in 2010.
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well, thank God the senate passed the trillion dollar bailout bill to calm the fears on wall street. :whatever: I suppose the Dow
would be down more than 225 points if the bailout bill wasn't headed for certain passage.
(http://jtools.foxbusiness.com/gifbuilder/builder?cmd=intraday_free_2005&symbol=$i.dji&w=253&h=85&c0101=0xefe9ca&c0102=0x4ac1d9)
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I'd bet most of the D that voted nay are up for re-election....I know Johnson(SD) is...
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So what happens when the market tanks another 2000 points after the 700 billion bailout goes through? Because that WILL happen...that is my prediction...you can't stop a correction...just delay it.
McCain lost my vote.
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There is only one thing these politicians will understand....VOTE them out of office! I wish McCain would have stood strong on this one and voted against this Bail Out, but he didn't. That being said, he is still the best choice for President.
Not really.
But he is the best choice between him and Obama.
I guess I wasn't real clear on my statement. I meant to say, with the choice we have, McCain is the best choice. Sorry!
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So what happens when the market tanks another 2000 points after the 700 billion bailout goes through? Because that WILL happen...that is my prediction...you can't stop a correction...just delay it.
McCain lost my vote.
McCain couldn't stop this from happening - that's why he looked like a dope late last week - he figured out that it was sign on or he might as well sign out of the race all together. There was too much pressure to do something - even if it is the wrong thing.
BTW not voting for McCain is the same as voting for Obama, hope you can live with that.
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So what happens when the market tanks another 2000 points after the 700 billion bailout goes through? Because that WILL happen...that is my prediction...you can't stop a correction...just delay it.
McCain lost my vote.
I am very disappointed that after his stance during Friday nite's debate about pork-barrel spending (earmarks) that he turns around and votes for a bill that is decorated like a Christmas tree ($150 billion more of earmarks). So what is the deal? I would love to see a politician who was not afraid to stand on principle--no matter what the cost. McCain still has my vote even though I am disappointed.
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Hey now guys, that $6M to manufacture wooden arrows that got in there, that could be a good thing.
I note with interest that they did not include a grant to manufacture pitchforks, TORCHES, TAR, AND MOTHER****IN' FEATHERS as well, now did they...
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So what happens when the market tanks another 2000 points after the 700 billion bailout goes through? Because that WILL happen...that is my prediction...you can't stop a correction...just delay it.
McCain lost my vote.
McCain couldn't stop this from happening - that's why he looked like a dope late last week - he figured out that it was sign on or he might as well sign out of the race all together. There was too much pressure to do something - even if it is the wrong thing.
BTW not voting for McCain is the same as voting for Obama, hope you can live with that.
McCain was one of the first to endorse it...he took credit for getting the republicans on board (which he failed to do)
And at this point...there really is no big difference between the two..they are both liberals.
As a conservative, I couldn't live with myself if I DID vote for him. Hell, I'm even ashamed of voting for Bush, and he's the biggest supporter in all of this.
In 4 years..hopefully, we will have a candidate that REALLY represents the conservative vote.
Unless Sarah makes a stand against this bill, tonight. I stand proud of my decision. I will still vote for my local reps...after I found out how they voted for this bill. The republican senator of my state voted For the bill, and the democratic senator voted Against it. Florida.
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So what happens when the market tanks another 2000 points after the 700 billion bailout goes through? Because that WILL happen...that is my prediction...you can't stop a correction...just delay it.
McCain lost my vote.
McCain couldn't stop this from happening - that's why he looked like a dope late last week - he figured out that it was sign on or he might as well sign out of the race all together. There was too much pressure to do something - even if it is the wrong thing.
BTW not voting for McCain is the same as voting for Obama, hope you can live with that.
McCain was one of the first to endorse it...he took credit for getting the republicans on board (which he failed to do)
And at this point...there really is no big difference between the two..they are both liberals.
As a conservative, I couldn't live with myself if I DID vote for him. Hell, I'm even ashamed of voting for Bush, and he's the biggest supporter in all of this.
In 4 years..hopefully, we will have a candidate that REALLY represents the conservative vote.
Unless Sarah makes a stand against this bill, tonight. I stand proud of my decision. I will still vote for my local reps...after I found out how they voted for this bill. The republican senator of my state voted For the bill, and the democratic senator voted Against it. Florida.
Palin has to side with McLame and if Obama is elected nothing any of us do in 4 years will matter. The bailout is bad, McCain ain't great, but Obama is a train wreck. Imagine the President of the United States going to Iran while their nuke program goes full speed ahead. Russia retaking the eastern bloc states. Now add tax increases the likes of which we've never before seen and tell me what your local reps are going to matter.
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So what happens when the market tanks another 2000 points after the 700 billion bailout goes through? Because that WILL happen...that is my prediction...you can't stop a correction...just delay it.
McCain lost my vote.
McCain couldn't stop this from happening - that's why he looked like a dope late last week - he figured out that it was sign on or he might as well sign out of the race all together. There was too much pressure to do something - even if it is the wrong thing.
BTW not voting for McCain is the same as voting for Obama, hope you can live with that.
McCain was one of the first to endorse it...he took credit for getting the republicans on board (which he failed to do)
And at this point...there really is no big difference between the two..they are both liberals.
As a conservative, I couldn't live with myself if I DID vote for him. Hell, I'm even ashamed of voting for Bush, and he's the biggest supporter in all of this.
In 4 years..hopefully, we will have a candidate that REALLY represents the conservative vote.
Unless Sarah makes a stand against this bill, tonight. I stand proud of my decision. I will still vote for my local reps...after I found out how they voted for this bill. The republican senator of my state voted For the bill, and the democratic senator voted Against it. Florida.
Palin has to side with McLame and if Obama is elected nothing any of us do in 4 years will matter. The bailout is bad, McCain ain't great, but Obama is a train wreck. Imagine the President of the United States going to Iran while their nuke program goes full speed ahead. Russia retaking the eastern bloc states. Now add tax increases the likes of which we've never before seen and tell me what your local reps are going to matter.
Fun times... fun times... You know here in NC we already have gas lines reminiscent of the 70's. Why not have the return of the cold war as well?
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So what happens when the market tanks another 2000 points after the 700 billion bailout goes through? Because that WILL happen...that is my prediction...you can't stop a correction...just delay it.
McCain lost my vote.
McCain couldn't stop this from happening - that's why he looked like a dope late last week - he figured out that it was sign on or he might as well sign out of the race all together. There was too much pressure to do something - even if it is the wrong thing.
BTW not voting for McCain is the same as voting for Obama, hope you can live with that.
Not voting for one candidate is not the same as voting for the other. That is what is called a non sequitur. First of all, not everyone who can vote does vote every election. Many of these will tend to think they are liberal because they are uninformed so they are not voting for Obama and that does not translate to a vote for McCain.
Second of all, it is up to the candidate to earn the vote. McCainez is a great panderer but not very good at earning things.
Thirdly, some people take their vote very seriously and non-arguments like "If you don't vote for Turd Sandwich it is the same as voting for Douche Bag" just isn't very persuasive. What would be persuasive would be an argument that is really in favor of Turd Sanwich. For me it is still Palin even though on the road she has had to become Sarah McClone I can see enough of the original Palin in there to trust her.
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So what happens when the market tanks another 2000 points after the 700 billion bailout goes through? Because that WILL happen...that is my prediction...you can't stop a correction...just delay it.
McCain lost my vote.
McCain couldn't stop this from happening - that's why he looked like a dope late last week - he figured out that it was sign on or he might as well sign out of the race all together. There was too much pressure to do something - even if it is the wrong thing.
BTW not voting for McCain is the same as voting for Obama, hope you can live with that.
Not voting for one candidate is not the same as voting for the other.
For me it is still Palin even though on the road she has had to become Sarah McClone I can see enough of the original Palin in there to trust her.
Too bad she's not at the top of the ticket. If my anger wears off...or if the vote gets squashed tomorrow...I may re-consider voting for McCain..but it will be ONLY because of Palin.
I may "hold my nose" and vote for him...or maybe get drunk like Ann Coulter...this way I can say I voted when my rationality was clouded.
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So what happens when the market tanks another 2000 points after the 700 billion bailout goes through? Because that WILL happen...that is my prediction...you can't stop a correction...just delay it.
McCain lost my vote.
McCain couldn't stop this from happening - that's why he looked like a dope late last week - he figured out that it was sign on or he might as well sign out of the race all together. There was too much pressure to do something - even if it is the wrong thing.
BTW not voting for McCain is the same as voting for Obama, hope you can live with that.
Not voting for one candidate is not the same as voting for the other.
For me it is still Palin even though on the road she has had to become Sarah McClone I can see enough of the original Palin in there to trust her.
Too bad she's not at the top of the ticket. If my anger wears off...or if the vote gets squashed tomorrow...I may re-consider voting for McCain..but it will be ONLY because of Palin.
I may "hold my nose" and vote for him...or maybe get drunk like Ann Coulter...this way I can say I voted when my rationality was clouded.
Whatever you end up deciding, it is your vote and I respect you for that.
It took Palin to get me to think I could vote for McCainez at all and I still think I am in that general area.
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I'm not happy about the idea of bailing out Wallstreet, but unfortunately these banks affect everybody. People went into a panic and stocks dropped when the first one didn't pass. I'm not happy about what Congress did, but I'm unsure what the alternative should have been. I don't agree with the idea of doing nothing and letting the free markets handle it all because there's been too much panic.
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Bailout passes...and Dow plummets.
Bailout failed(last week) and the Dow rallies...
Hmmmm... :whatever:
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Bailout passes...and Dow plummets.
Bailout failed(last week) and the Dow rallies...
Hmmmm... :whatever:
Tis an International Market. The European & Asian mkts haven't been heard from yet. Although it may not be for the best at this time a rise in the Dollar will be a sign of confidence from the mkts
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Bailout passes...and Dow plummets.
Bailout failed(last week) and the Dow rallies...
Hmmmm... :whatever:
it does appear as though the traders on wall street want more free money, doesn't it?
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Bailout passes...and Dow plummets.
Bailout failed(last week) and the Dow rallies...
Hmmmm... :whatever:
it does appear as though the traders on wall street want more free money, doesn't it?
700 billion is a drop in the bucket by Wall St. standards. That's why this whole "bailout" notion is a farce. Just another way to screw the taxpayers. Good thing we have brilliant economists serving in the US senate and house....oh wait. :whatever:
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Tis an International Market. The European & Asian mkts haven't been heard from yet. Although it may not be for the best at this time a rise in the Dollar will be a sign of confidence from the mkts
That's the part of this "Bailout" that is sooooo wrong. This $700 Billion is not limited to the AMERICAN firms that were circling the drain due to their on bad management and congressional demagoguery. This wonderful new cure-all law makes bailout money available for mis-managed mega-corporations AROUND THE ****ING WORLD. You know, the ones that are too stupid to manage their finances the way the average human being would have to, but are "too ****ing big" to be allowed to fail.
Welcome to the Brave New World, my fellow sheeple.