Your vote...

I've been in the mountains showing my parents around Colorado. I've stayed out of that thread for a reason...I don't know enough details to comment.

I'm a message board poster, my job is to make fun of things that amuse me.

No way do I pretend to know enough about all of the implications of this legislation to cast a vote one way or the other.

I'll just point and laugh, thanks.

I applaud you for successfully creating a message board poll, Tahoe.

For your next politcial poll, an "opposite to whatever Tahoe thinks" option would be much appreciated.

I kid.

And LOL@"rescue" vs. "bailout".

Somebody got their talking points via email this morning.

Again, I kid.

^ Sounds a lil angry. jeesh.

white text, homie

Jesus, that like saying "hey Glenn, YOU SUCK! j/k

Dang.

SDB, are you taking notes?

You have to forgive me, I lost about $8K yesterday, lol.

Just playing, my man.

Hey, this political shit is worse than talking religion.

I'm not privy to the legislation itself but I haven't seen any real government talk about alternatives and why this is the only way to possibly fix this mess. Also, anything this big should be carefully considered.

I'm not privy to the legislation itself but I haven't seen any real government talk about alternatives and why this is the only way to possibly fix this mess. Also, anything this big should be carefully considered.

I did hear of 1 alternative where the Gov't would just offer guarantees instead of buying.

I also 'heard' that it won't really cost the taxpayers 700 billion. It should be far less if we are able to sell back the purchased 'assets' (I'll use that term losely) when the market is better.

But I don't know if any of that is true.

NO!

Right, I've seen "experts" on the news magazine shows make suggestions and the House Repubs talk a little about the insurance idea (which they got a token add on about on the legislation) but no real debate and critique.

Right, I've seen "experts" on the news magazine shows make suggestions and the House Repubs talk a little about the insurance idea (which they got a token add on about on the legislation) but no real debate and critique.

The problem is that we'd be hearing from the Dems or Repubs and still not know the truth.

Wait, if I vote yes, does it mean that I get my 8 grand back?

You should be getting some of it back anyway, the recouped half of yesterdays losses.

More than half.

I don't get why the vote was ever called without having at least 240 votes (enough so the opposition would have under 200 votes).

The bill was crap because it didn't follow the principles that both Obama and McCain agreed on would be good principles for the bill.

Hey, someone rips the Dems other than me, or at least questions them. :)

I am the only person who is a slappy, or a sheep or haven't thought things out, but y'all can walk the Dem walk and thats ok.

That last part not directed at Mxy.

I don't have to know anything more than the fact that one man was going to be given $700B to throw around as he wished to say no to this. I don't know enough to know if it's good to bail out the companies or how this works in the long run, but I do know that you don't give one person $700B.

Sounds like there might be a new bill. Senate to vote first, Congress when they come back.

I would have named the thread bailout but i seriously didn't know if it was bail out or bailout so I went with rescue. But typically, I get painted as partisan. So call it what you want, but there might be a vote tomorrow.

Harry Reid is a fucking joke most of the time, and today is no exception. Calling for a Senate vote TODAY is DUMB DUMB DUMB!!!!!

The Senate had the votes to ok the original bill by a large margin, so what are they going to do... come up with even more concessions which they GUESS might be palatable to the House Republicans? And to top it off, there's some INEVITABLE Presidential politics with McCain and Obama being Senators.

The ONLY thing that the Senate should be doing is coordinating with the House, to make sure that whatever deal the House comes up with has 60+ votes in the Senate. There should be no public votes called for unless everyone knows the result beforehand.

I'm referring to this current bunch of goofs as the Passive-Agressive Democrats. They won't actually stand up to the White House to save their lives, but they will send a Strongly Worded Note.

When the President, the Treasury Secretary, or the Attorney General does something that seems illegal, fucking investigate! Don't sit on your fucking hands and worry that your investigation might be taken the wrong way, you pansies! Your job is to investigate, you're the goddamn Congress!

Did anyone read some of the pork that is in the rescue bill?

NASCAR tracks, wooden arrows, etc.

They are all a bunch of thieves, I'm tellin ya.

Largely, the Senate frankenbill combined bills already passed in the Senate (but not the House) along with the Paulson bill + some minor tweaks.

Minor tweaks? It went from 3 pages to 450? Sorry Mxy, I could resist that one. I know what you are saying on the combined thing.

But tax exemptions for wooden arrows for use by children and wool industy research.

THIS WAS SUPPOSED TO BE AN EMERGENCY BILL ABOUT HOUSING AND CREDIT AVAILABLILITY.

They are all a bunch of thieves.

Those were part of the previous bills, I thought. If I understood things right, the vast majority of the bill (by volume) was convoluted crap the Senate had already agreed to, but was stuck in the House. They glued a couple of those big appropriations and tax cut bills together, then added Paulson + tweaks.

The House had already twisted things around a fair bit. The Senate just added to and perverted the mess. In other words, politics as usual.

Aren't you glad that McCain stuck to his principles and didn't vote for all that pork? Oh wait...

^ LOL I knew that was coming. And I've ripped JM and have no problem ripping him some more.

Now if we can just get y'all to rip a Dem. :)

btw... I was going to post that statement he makes that "I will make them famous" I know he said when he's prez, he'll do that but no time like the present as far as I'm concerned.

Nancy Pelosi is dumb.

There, ripped a Dem.

^ Thats an easy one, but I'll take what I can get.

re:rescue bill

I'm glad the money was stripped from ACORN at the very least.

that's a statement of fact though...

^ LOL I knew that was coming. And I've ripped JM and have no problem ripping him some more.

Now if we can just get y'all to rip a Dem. :)

btw... I was going to post that statement he makes that "I will make them famous" I know he said when he's prez, he'll do that but no time like the present as far as I'm concerned.

I think everyone on this board has ripped both Clintons at some point.

I think the country is united in the belief that it would have been better for Bill to fade into a respectable retirement.

that'd be too hard for him to do with Hillary though...

i don't mind the clintons anymore, they've become a snake with no venom

i think i said before on here, gun to my head, and i knew a democrat had to be president, i'd have wanted Hillary rather than BO...

but...

Wow, this bill looks to be 'more of the same' spending by the Gov't.

I thought (dreaming) that they could pass a fairly clean bill. One that bought up these so-called toxic assets. Kept tight control of the money, etc. Not so.

And every day they don't pass it, it costs taxpayers another 75-100 billion.

You used the word "clean" and "bill" in the same sentence.

You know you're on the Politics board, right?

Would you mind if I revised/fiksed your last sentence to ...

"You know you're talking about Washington DC, right?

Some day historians will look back at this bill as the fundamental example of our decayed political system. Not only does the money go directly to the individuals who fucked up in the first place, the govt. had to dump a truckload of money into useless crap. The only thing worse than the bill iteslf is the bipartisan back-slapping afterwards. Only the shitheads in congress could stand in front of the world and proclaim the heroism of their coming together to pass this crap. 'I just want to say that it wouldn't have been possible to pass this piece of shit without the remarkable ability of my colleagues to work with me on a bill nobody wanted during election season.' The daily show did a good parody of that last night. I understand that credit markets were tightening up, but this bill is the equivalent of slicing a deep cut even further before placing a small bandaid on it.

When I lived in new york, I knew people that worked in the financial business. Their key to making money had little to do with promoting new business. Instead, they made money off of volatility. It is not an accident that markets have been so volatile during the bush years. The money making vehicle of volatility works in three steps:
1. Take an asset and throw a bunch of money into.
2. See the asset's price go up and wait for others to push it up even higher.
3. Pull your money back out of the asset before others do.

This process revolves around the notion that you are the smartest person in the room and requires lots of capital to throw around. However, the income earned has no association with the production of good and services. It is basically playing high stakes chicken. Eventually, the whole market went south and everyone lost money. However, they did not lose their own money, they lost money borrowed at low interest rates.

Thus, it is not surprising that the market tanked after this bill passed. There is no fundamental strength in our economy. It is a sham. You can see this in the inport-export exchange. We stopped producing much of value years ago. In the interim, we have been living on credit, buying and selling goods to each other that have been produced elsewhere. Like I said, this is a huge pyramid scheme. The only reason we won't bottom out completely is that America itself is too big to fail. We will be bailed out to some extent by the Arabs and the far east Asians. However, the value of the dollar will tank for a while, and we will experience what it is like to be a poor nation seeking hand outs. We just won't have to go to the IMF. However, all is not lost. We'll probably deal with unemployment rates in the 12-15% range at the worst of times, but we still have technological advantages over many countries and relative poverty should actually improve our innovation as we (hopefully) abandon get rich quick schemes. So we're on the downslope of our power and influence, but we won't turn into sub-saharran africa. i suspect the quality of life will decline for most of western society as trade deficits begin to realign. Anyways, this is my opinion. It is hard to say what will happen because we've never faced this type of crisis before.