Bye Bye Banks and Wall Street

[Morrigoon]

Found an interesting article on LiveScience relating to people's reactions to the bailout bill:
http://www.livescience.com/culture/0...t-package.html

[BDBopper]

So who's ready to rename this country the United Socialist States of America after this stupid bill passes and the next president is sworn in? It makes me sick!

I can't believe tha "the people who burned the Thanksgiving turkey are demanding that we now let them cook Christmas dinner" and we are letting them! (yes those are Huckabee's words in quotes, not mine)

[Moonliner]

Originally Posted by BDBopper

[b]So who's ready to rename this country the United Socialist States of America after this stupid bill passes and the next president is sworn in? It makes me sick!

Well it will save Obama some time in achieving his goal of making us a socialist state. We'll be half way there before he even makes it into office.

[JWBear]

Isn't amazing that the one issue these days that there is an overwhelming public bipartisan agreement against, is one our leaders seems determined to pass, no matter what.

[Ghoulish Delight]

Originally Posted by innerSpaceman

Too bad Obama also voted for this bill ... otherwise he could shove the earmarks and pork straight up McCain's patootie at the next debate.

I think he still can. It fits right in with the, "scalpel, not a hatchet," line. As well as the, "McCain is Bush redux," strategy. Bush's administration has been all about decreeing in absolutes only to be bitten when the real world of subtlety nuance rears its head. And here we are again, McCain claiming he can just come in and turn off the faucet while Obama, with is wisdom and experience, knows that real change is accomplished with care and not with reckless spouting of unrealistic absolutes destined to be broken.

[innerSpaceman]

Originally Posted by JWBear

Isn't amazing that the one issue these days that there is an overwhelming public bipartisan agreement against, is one our leaders seems determined to pass, no matter what.

I must spread some mojo around before ... blah, blah, blah.

[Alex]

But conversely couldn't it be asked whether the fact that heavily poll driven people who would normally be scared of such universal public disapproval doing it anyway is a sign that maybe the mass gut reaction isn't the best one?

But mostly, I'm sure, they're just remembering how well it worked out for Herbert Hoover when he said "let the markets work it out" and that the guy who said "**** that nonsense" gets to be considered the hero first. I do think they are reacting too soon: the key to FDR's successful image despite not actually fixing the problem is that you have to let everything go in the tank first.

[JWBear]

John and Jane Public see the bailout as rewarding the people who got us in this mess, and they're not happy. There will be political fallout for passing this bill. Fortunately, it looks like it will be directed at both Republicans and Democrats equally.

[Ghoulish Delight]

Originally Posted by JWBear

John and Jane Public see the bailout as rewarding the people who got us in this mess, and they're not happy. There will be political fallout for passing this bill. Fortunately, it looks like it will be directed at both Republicans and Democrats equally.

That's what Alex was saying. It's unpopular, which normally means congress would avoid it like the plague. And yet they still were determined to find a way to vote for it. So for once they seem to be voting because they think something should be passed for its merits, not for political gain. At least that's one read.

[BarTopDancer]

What's the latest bailout?

I heard that one of the mortgage caveats would be that if you receive assistance with you mortgage to keep your house, and you sell at a profit you have to pay back the assistance you received.