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09-29-2008, 11:56 AM
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#1
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,000
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Bailout bill fails
The house failed to pass the bailout package. Fun times on wall street.
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Numbers is hard
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09-29-2008, 12:01 PM
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#2
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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Still kicking myself for ignoring the voice in my head to sell everything last Halloween.
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"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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09-29-2008, 12:13 PM
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#3
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,067
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Quote:
Originally Posted by REWahoo
The house failed to pass the bailout package. Fun times on wall street.
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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.
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Retired 3/31/2007@52
Investing style: Full time wuss.
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09-29-2008, 12:15 PM
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#4
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Thinks s/he gets paid by the post
Join Date: Jun 2006
Posts: 2,068
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This should be interesting.
I see Coca Cola is up right now!
__________________
"We do not inherit the earth from our ancestors, we borrow it from our children.
(Ancient Indian Proverb)"
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09-29-2008, 12:15 PM
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#5
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Moderator Emeritus
Join Date: Sep 2007
Posts: 17,773
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Unbelievable. Self-serving politicians on parade. Mattress is looking better and better.
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09-29-2008, 12:16 PM
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#6
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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Quote:
Originally Posted by Dawg52
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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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.
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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09-29-2008, 12:16 PM
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#7
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Recycles dryer sheets
Join Date: Dec 2007
Posts: 482
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Hey, we've still got our health and oil is down sharply today!
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Retire date Jan. 10, 2018
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09-29-2008, 12:18 PM
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#8
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,067
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Quote:
Originally Posted by ziggy29
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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Good thing. Oh yes, 2 for 1 against on the republican side.
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Retired 3/31/2007@52
Investing style: Full time wuss.
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09-29-2008, 12:36 PM
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#9
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Thinks s/he gets paid by the post
Join Date: Jun 2006
Posts: 2,068
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Quote:
Originally Posted by Zathras
I see Coca Cola is up right now!
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Well that didn't last long...
__________________
"We do not inherit the earth from our ancestors, we borrow it from our children.
(Ancient Indian Proverb)"
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09-29-2008, 12:36 PM
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#10
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
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Quote:
Originally Posted by Dawg52
Good thing. Oh yes, 2 for 1 against on the republican side.
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Apparently the House GOP members got their undies in a bundle when the Senate tried to push their buttons.........
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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09-29-2008, 12:36 PM
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#11
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Thinks s/he gets paid by the post
Join Date: Oct 2006
Location: North-Central Illinois
Posts: 3,228
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Quote:
Originally Posted by Dawg52
I wonder how we can find out who voted yea or nay? I'm interested how my state congressmen voted.
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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.
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09-29-2008, 12:36 PM
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#12
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Full time employment: Posting here.
Join Date: May 2007
Posts: 549
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Just returned from the bank with some $$$'s ~ just in case!!
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09-29-2008, 12:37 PM
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#13
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Moderator Emeritus
Join Date: Sep 2007
Posts: 17,773
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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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09-29-2008, 12:39 PM
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#14
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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Quote:
Originally Posted by Bestwifeever
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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Just more proof that Democrats and Republicans both suck, and that either side claiming to be "better" than the other is a joke.
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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09-29-2008, 12:39 PM
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#15
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Recycles dryer sheets
Join Date: Jul 2005
Posts: 147
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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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09-29-2008, 12:39 PM
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#16
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Thinks s/he gets paid by the post
Join Date: Sep 2006
Posts: 2,840
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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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But then what do I really know?
https://www.early-retirement.org/forums/f44/why-i-believe-we-are-about-to-embark-on-a-historic-bull-market-run-101268.html
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09-29-2008, 12:43 PM
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#17
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,067
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Quote:
Originally Posted by ziggy29
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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I agree 100%. I don't trust any of the SOB's.
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
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09-29-2008, 12:46 PM
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#18
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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Quote:
Originally Posted by camberiu
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.
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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.
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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09-29-2008, 12:47 PM
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#19
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Thinks s/he gets paid by the post
Join Date: Oct 2006
Location: North-Central Illinois
Posts: 3,228
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Quote:
Originally Posted by Dawg52
I agree 100%. I don't trust any of the SOB's.
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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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09-29-2008, 12:50 PM
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#20
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,067
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Quote:
Originally Posted by Goonie
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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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.
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
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