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Bailout bill fails
Old 09-29-2008, 12:56 PM   #1
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Bailout bill fails

The house failed to pass the bailout package. Fun times on wall street.
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Old 09-29-2008, 01:01 PM   #2
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Old 09-29-2008, 01:13 PM   #3
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The house failed to pass the bailout package. Fun times on wall street.
Fun times for our portfolio. I wonder how we can find out who voted yea or nay? I'm interested how my state congressmen voted.

I have voted pretty much republican all my life, but this does for me.
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Old 09-29-2008, 01:15 PM   #4
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This should be interesting.
I see Coca Cola is up right now!
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Old 09-29-2008, 01:15 PM   #5
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Unbelievable. Self-serving politicians on parade. Mattress is looking better and better.
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Old 09-29-2008, 01:16 PM   #6
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Fun times for our portfolio. I wonder how we can find out who voted yea or nay? I'm interested how my state congressmen voted.

I have voted pretty much republican all my life, but this does for me.
Not wanting to put this in the soap box, but I understand 94 Democrats voted against it as well, so it's hardly like one party can be blamed for it all.

I never really wanted to retire anyway.
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Old 09-29-2008, 01:16 PM   #7
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Hey, we've still got our health and oil is down sharply today!
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Old 09-29-2008, 01:18 PM   #8
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Not wanting to put this in the soap box, but I understand 94 Democrats voted against it as well, so it's hardly like one party can be blamed for it all.

I never really wanted to retire anyway.
Good thing. Oh yes, 2 for 1 against on the republican side.
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Old 09-29-2008, 01:36 PM   #9
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I see Coca Cola is up right now!
Well that didn't last long...
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Old 09-29-2008, 01:36 PM   #10
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Good thing. Oh yes, 2 for 1 against on the republican side.
Apparently the House GOP members got their undies in a bundle when the Senate tried to push their buttons.........
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Old 09-29-2008, 01:36 PM   #11
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I wonder how we can find out who voted yea or nay? I'm interested how my state congressmen voted.
You can go to the House of Representatives website....but I think everyone must be having the same idea.......I tried to go there and all I get is a blank white page. Maybe their servers blew up from the overload of inquirers.
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Old 09-29-2008, 01:36 PM   #12
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Old 09-29-2008, 01:37 PM   #13
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I'm watching CNN and one of the Republican reps just said Pelosi put a Democratic spin on the bill when she introduced it this afternoon and that sent some of the Republicans into the "nay" camp. Cantor (R, deputy minority whip) is blasting Pelosi for her speech. They all need to put on their big boy and big girl pants and vote for what's best for the US and not for their party.
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Old 09-29-2008, 01:39 PM   #14
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I'm watching CNN and one of the Republican reps just said Pelosi put a Democratic spin on the bill when she introduced it this afternoon and that sent some of the Republicans into the "nay" camp. Cantor (R, deputy minority whip) is blasting Pelosi for her speech. They all need to put on their big boy and big girl pants and vote for what's best for the US and not for their party.
Just more proof that Democrats and Republicans both suck, and that either side claiming to be "better" than the other is a joke.
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Old 09-29-2008, 01:39 PM   #15
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I guess I am the only one here who is happy about the outcome. It will hurt for the short term, but in the long term, it is best to let te market sort itself out. I still have faith in Capitalism.
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Old 09-29-2008, 01:39 PM   #16
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Do not fear, within a few days after this flexing of muscles by the minority party, a deal will pass, and the misplaced faith that the government can sove our ills will be restored, with the temporary uplift in the stock market.
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Old 09-29-2008, 01:43 PM   #17
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Just more proof that Democrats and Republicans both suck, and that either side claiming to be "better" than the other is a joke.
I agree 100%. I don't trust any of the SOB's.
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Old 09-29-2008, 01:46 PM   #18
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I guess I am the only one here who is happy about the outcome. It will hurt for the short term, but in the long term, it is best to let te market short itself out. I still have faith in Capitalism.
I'd like to think that. But right now it feels like the choices are to run through a wall of fire (do the bailout) or plunge into a vat of acid (do nothing).

I'd like to play the "good free market capitalist" card but when these Wall Street clowns have the potential to ruin millions of innocent people when they ruin themselves, I don't think "let 'em go under" is necessarily appropriate.

If anything else, it ought to give us cause to reconsider whether a business should be able to become "too big to fail" because of the hurt its failure would put on a lot of innocent parties.
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Old 09-29-2008, 01:47 PM   #19
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I agree 100%. I don't trust any of the SOB's.
I remember a sticker that I once saw somewhere (don't recall where) that said "TRUST NO ONE.....& Politicians Even Less".
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Old 09-29-2008, 01:50 PM   #20
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You can go to the House of Representatives website....but I think everyone must be having the same idea.......I tried to go there and all I get is a blank white page. Maybe their servers blew up from the overload of inquirers.
I tried too, but no luck. My congressman is retiring so he doesn't give a rip what any of us think anyway. Oh well, back to working on my bomb shelter.
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