Bailout Bill Has Not Passed!

reply to post by loam


She is about to give a press conference in a minute or two. Lets hear her side!

[edit on 29-9-2008 by Breifne]

Pelosi Video

I think this is the video of Pelosi's speech this morning that made so many change their votes.

article

Several Republican aides said House Speaker Nancy Pelosi, D-Calif., had torpedoed any spirit of bipartisanship that surrounded the bill with her scathing speech near the close of the debate that blamed Bush's policies for the economic turmoil.

Without mentioning her by name, Rep. Adam Putnam, R-Fla., No. 3 Republican, said: "The partisan tone at the end of the debate today I think did impact the votes on our side."

Sounds like Pelosi couldn't keep her big mouth shut even if her life depended on it.

Or, it was all by design ...

[edit on 9/29/2008 by centurion1211]

Originally posted by SkepticOverlord
Watching CSPAN now, the vote is still open as proponents of the bill are attempting to get 11 to change their vote from no to yes. This is the same tactic used back in the Medicare drug bill passage... it initially didn't pass, and the republicans kept the vote open to convince no voters to change their vote.

It's not over yet.

Convince or Threaten? That would be my question...

Yes I fear we are back to a partisan espionage torpedo to ensure the economy is bad when the vote rolls around. It would guarantee a Democratic landslide imo.

Party over the people in the interest of the majority.

reply to post by loam

Although I don't have the transcript, I saw and heard her entire tirade. As I listened, my thoughts instantly came to the conclusion that she is going to thoroughly tick off any Republican that is on the fence. I couldn't believe how she blamed Bush and the Republicans for the problems we are facing. How do you expect to get a bipartisan bill passed, when you spit in the face of those you are trying to get to vote with you?

I actually think this is going to make the banks work it out among themselves.

If they don't want to cease to exist, they need to start loaning money to each other again and unclench their butt cheeks.

I heard a report the other day that McDonalds of all companies couldn't get loans.
If they are not giving a company like McDonalds a loan, then the problem is theirs, not the American people.

also, some economic analysts have been warning that a few years ago. Japan had to do a bailout, and the result was them going into a ten year recession, not fixing things like thought.

So I think Congress may be taking this information and considering it more carefully.

I am sure there can be an appeal, and I think what Congress really is doing is buying time.

I just don't see how you can make major major major economic plans in two weeks.

Pelosi Video

Once again....

The link to her tirade.

And thank goodness she did! Now its up to the American PEOPLE to set things right.

reply to post by nixie_nox

I actually think this is going to make the banks work it out among themselves.

If they don't want to cease to exist, they need to start loaning money to each other again and unclench their butt cheeks.

I heard a report the other day that McDonalds of all companies couldn't get loans.
If they are not giving a company like McDonalds a loan, then the problem is theirs, not the American people.

Very wise comments. That is what I have believed all along. It's their businesses. If they want to survive, do what the rest of us had to do, to survive our business. I speak as someone who ran my own corporation successfully for 8 years. Not once did I ever ask for, or receive one penny from any government entity. When times got tight, I just worked harder and smarter. I didn't cry to the government to bail me out, nor did I need to. My own sweat and toil paid off. I also ran a moral business, never lied to my customers, nor did I ever cheat them. I treated them the way I wanted to be treated. The Golden Rule- it's amazing how well it works. Wall Street, the Banks, and some members of Congress ought to try it, instead of trying to ramrod things down the taxpayers' throats.

I can't believe people (house Democrats, mostly) are making this a partisan thing. They're making it out to be that the Democrats kept their end of the bargain and voted for the American people, but the Republicans were selfish and voted against the country because of partisanship.

They're not even CONSIDERING that 90% of the PEOPLE didn't want this thing to pass! Are they not there to represent us??? If so, then the Republicans did the right thing. They did their job.

Pelosi is a poor excuse for leader of any kind.

The battle is won, but everyone be advised the war is yet to be won.

HR2755 is dead. We won. But there will be other bills, and some of those may well be worse. There will also be dire economic consequences form the failure of HR2755. I simply believe that the consequences of passage were much more dire.

The price of freedom is eternal vigilance. Congratulations my friends, and remember to keep that vigil. The war rages on.

Dow down 707.43 as I type.

TheRedneck

I am actually disappinted tht so many democrats voted FOR the bill. But I remain firmly behind Barack.
I dont mind seeing a crash if it means a newer, better and fairer economy raises from the ashes. But at the same time I do hope nothing drastic happens, people are suffering enough because of this failed economy.

reply to post by Benevolent Heretic


Thank you for stepping up to say that.

Maybe the people can actually work together to take back the power.

Republican Response

Here's the Republican response to why the bailout bill failed.

Still searching for the Democrat response....

reply to post by centurion1211


Hey, this is the first time in a long time that I've been in total agreement with most of the people I usually argue with here!

I called my representative, senators and both candidates to register my STRONG opposition. I wrote Obama a pretty serious letter about it (thinking for sure the house would pass it).

A funny thing here is that Bush own people voted against him.

But what is going to happend now! What new plans are on the tabel. I for one bet that the congress will force this plan through annyway in the end thats what i can hear on the news. The congress is calling up the oposition for a meating to try and get them to reaconsidder.

[edit on 27.06.08 by spy66]

I echo the previous poster position that Bush will now call in that executive order for martial law. Alex Jones for a long time has asserted that it would be a financial economic meltdown that would be the catalyst for martial law, and I fully agree. The next month is gonna be fun.

Spy66: if you havn't read up on politics, Republicans have been revolting against Dick Cheney and Bush. They're kinda still pissed about the whole Iraq thing and being told to there faces they knew they had weapons. That is one reason why Dick Army is almost a democrat now, Dick Cheney took him aside and told him they knew about the Iraq war. Plus republicans, if you havn't noticed, have been distancing themselves from Bush since about 6 months ago. They don't wanna align themselves with a man who doesn't have to be re-elected and they do.

[edit on 29-9-2008 by djpaec]

reply to post by djpaec


No not realy i thought that Bush had all the support because of all the bills he has gotten through the congress this last year. This came as a suprice to me realy.

reply to post by nixie_nox

If they don't want to cease to exist, they need to start loaning money to each other again and unclench their butt cheeks.

I heard a report the other day that McDonalds of all companies couldn't get loans.
If they are not giving a company like McDonalds a loan, then the problem is theirs, not the American people.

Ironically, the same government that is screaming about the economic power dive is itself is to blame for a large part of this problem. The very idea that a loan is required to make payroll sounds amazingly naive to my ears, and I would assume to others as well. But it is the tax code that has caused this house of cards to exist.

For years I have heard this mantra of "Tax the rich!" echoed throughout every political or economic debate. And tax the rich we have. But in the process, we have not only taxed the individuals that are considered 'rich', but also the companies that fall into that category. So to save paying those huge taxes, the larger corporations have stopped keeping cash on hand and instead have adjusted to live day-to-day on credit lines which are not taxed so heavily. And before someone screams about how unfair this 'loophole' is, my last several employers used a loophole for me, taking my insurance premiums out of my check before taxes are assessed. So I pay less tax, and I would assume every other person reading this would jump at a chance to legally pay less tax as well.

But the downside is that should the money supply that now fuels them dry up, there is no reserve to keep a company operating through tough times. Thus, the consequences I just mentioned. There will be massive corporate re-organization. There will be huge layoffs. There will be pain. But there will also be a resurgence if we hold to our guns and demand that freedom and responsibility, not just from the top, but from all sectors of society be demanded.

So the next time you want that nice new aid program from your government, remember that there is a cost. We will pay it this time, but I pray we will also learn from our mistakes.

TheRedneck