U.S. Senate to Consider Alternate Bail-out Plan : WFMZ-TV 69News
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#1 Oct 1, 2008
over and over again you hear about mainstreet will not be able to function without credit. it seems to me that's what got us into this mess. and now our goevernment wants to save us all by borrowing money to do it. another bad bet if you ask me.
#2 Oct 1, 2008
At the same time, Fannie Mae and Freddie Mac were going through a crisis. In 2003 and 2004, an accounting scandal was revealed. The two public-private partnerships were cooking the books to show phantom profits.
The Bush administration and its allies on the Hill pushed a strong bill to reform how these institutions operated. The measure came very close to passing, but Fannie and Freddie cut a deal.
#3 Oct 1, 2008
I still say no to the bailout. Only 2% of Americans are facing foreclosure on their home, which the other 98% are going to pay for. As for Wall Street, let me go bankrupt and we should go after the executives who are responsible by taking all their personal assets and then throw them in jail.
#4 Oct 1, 2008
What catastrophic economic meltdown??? Have you been to your local MALL on the weekend lately? The parking lots to the stores and restaurants are packed!!Really..the economy is bad?? Someone must be lying to me.. NO BAILOUT!
#6 Oct 1, 2008
Pass a bill for us the taxpayers. Divide up 700 billion and send each taxpayer a share with the largest checks to those in the lowest tax brackets. That would give each of us 100000 to 500000. That could jump start the economy more than those 600 rebates. Money for cars, college, debt and savings. Then we could afford to consume again.
#7 Oct 1, 2008
Senators who voted No to the bailout bill
Here's the quick list of the senators who voted NO on bailout/economic rescue.
IN THE NEXT ELECTION LET US BE SURE THEY GET TO KEEP THERE SEATS.
#8 Oct 1, 2008
I couldn't agree more! How high must the price of gas go before we see people cutting back and staying off the roads? We're a little quick to complain about the prices of things but we're all still living large. Instead of paying off Wall Street, how about dividing all that money and giving back to the citizens of the U.S.- it's ours to begin with anyway!
#9 Oct 1, 2008
As our government bails out big business our local and state governments continue to cut corners, stretch budgets, and cut back on funding as the "middle class" taxes continue to increase. Issues of the past such as improving education, regulating healthcare, re-building medicare, and so on, have taken a back seat and will more than likely be forgotten. I'm sure all those people desperately counting pennies to pay monthly bills feel much better now that the FDIC may insure funds to $250,000. Shame on you the biggest business of all... government, for letting it get to this point.
Since: Jul 08
#10 Oct 1, 2008
I agree to a certain point. I don't know the numbers but you also have to think about the people who are disabled(I am included in this category and I'm still young-40's)because of medical conditions, people that are living large but using credit cards to do it because they're used to a certain lifestyle. Then we have our seniors-prescription drugs are outrageously expensive,taxes have gone up for them, social security and a pension doesn't cover the cost of their medical bills. Medicare in most cases have to be supplemented with some other form of medical insurance.
I have a teenager and yes, she shops at the mall, but we give up a lot so she can have certain things. A lot of people are losing their jobs they had for years. The people shopping at the malls don't represent the majority of our communities.
Boscov's is heading towards bankruptcy and D and D furnirure is now going bankrupt. My husband worked for Laneco for 21 years and they up and closed, just lke that. I can tell you it was the scariest thing we went through. The job he ended up with after Laneco is not comparable to Laneco.
Most of our companies have "outsourced"- look at Hershey chocolate-they're going to Mexico. Never did I think that that company would let greed run them out of PA.Geez I could go on and on. I guess these things plus things we don't even know about or understand could be the reasoning behind the "gloomy" outlook. Let's just hope that things start to look up for our country and that we can bring our troops home from Afghanistan and Iraq-and forget about Bush's vendetta(and his father's) and concentrate on what we can do for us for a change.
The money that was spent on this war is ludacrious. We certainly could've used that $ here in the USA.
#12 Oct 2, 2008
I guess if a bailout was really necessary it had to be done (I don't think it was, nor do I like it) but what really bothers me is our presidential candidates. Just a couple weeks ago all they talked about what these earmarks and additional spendings and here they go jumping on this bill with the new additional little catches added in. None of them directly help the actual people of the United States. I guess neither of them are really going to practice what they preach.
#13 Oct 2, 2008
This is all you can come up with for this story. What ever happened to news reporting as opposed to regurgitating what is spoon fed to you via the wire services.
This is a dis-service when no one reports the news in depth...
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