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Forums - General Discussion - Senate passes Bailout

rendo on 01 October 2008

http://money.cnn.com/2008/10/01/news/economy/senate_rescuebill2/index.htm?cnn=yes

Senate passes bailout

Plan to buy $700B in troubled assets wins OK. Backers hope add-ons will yield more yes-votes in House.

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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. Presidential candidates Sens. Barack Obama, D-Illinois, and John McCain, R-Arizona, voted in favor.

BOOO, BOO I SAY.  I hope the House shuts it down again.



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HappySqurriel on 01 October 2008

The interesting thing about this bill is that, after months of hearing all of the presidential candidates claim that they are against pork-laden bills, McCain, Obama and Biden all voted for one of the most bloated pork-laden bills that has been proposed in decades.



Coca-Cola on 02 October 2008

and the stocks are down!



luinil on 02 October 2008

I agree with Rendo. The House should knock the wind out of this bill again and send it packing!



Luinil - Marisa (FE:SS). She's calm, collected, and really likes swords. (Courtesy of Words of Wisdom)
Tag: luinil - "Liberalism is a mental disorder." - Thanks fkusumot!
Jackson50 on 02 October 2008

I heard Barney Frank supporting the bill on NPR this morning. The instant I heard that, I knew the bill was a bad idea. No, my opposition is more intricate than that. I hope the House does not pass this bill. I know of at least one congressperson who will not be voting for it.



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rocketpig on 02 October 2008
HappySqurriel said:

The interesting thing about this bill is that, after months of hearing all of the presidential candidates claim that they are against pork-laden bills, McCain, Obama and Biden all voted for one of the most bloated pork-laden bills that has been proposed in decades.

Wooden arrow manufacturers need their subsidies. We can't lose that booming market to overseas competition, you know. Too dangerous.

 




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senseinobaka on 02 October 2008

And.... in other news. John McCain has lost his presendential bid.



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Coca-Cola on 02 October 2008

Watch this video Please.



luinil on 02 October 2008

Video was watched. It does not surprise me. I never was for this bill, at first I wasn't sure, but now I am definitely against it.

A Senator who voted against it said, "Anytime someone is in such a desperate hurry to get something done, I am always a little reluctant to be in the same hurry. It usually turns out that it is not a good idea."

I agree with him. Now I want this bill to fail miserably in the House.



Luinil - Marisa (FE:SS). She's calm, collected, and really likes swords. (Courtesy of Words of Wisdom)
Tag: luinil - "Liberalism is a mental disorder." - Thanks fkusumot!
Coca-Cola on 02 October 2008

wonder how the Chinese and the Saudis are threatening Bush and the Congress.
If you don't bail the banks out then . . . oil prices will go down? Saudis would hate that. How can the Chinese threaten our government?