House Defeats Bailout Bill

House Defeats Bailout Bill

There are 19 comments on the KAKE story from Sep 29, 2008, titled House Defeats Bailout Bill. In it, KAKE reports that:

The House on Monday defeated a $700 billion emergency rescue package, ignoring urgent pleas from President Bush and bipartisan congressional leaders to quickly bail out the staggering financial industry.

Join the discussion below, or Read more at KAKE.

Travis

Kansas City, MO

#1 Sep 29, 2008
I think that this vote shows who really has a grasp of the depth of corruption in Washington, either Congressman Moore truely does not understand the theft that was about to occur or he is complicite. It is almost a cliche of a bumbling congressman, you know a dollar bill being slipped to him behind his back and a concerned "lookin out for the people" look on his face.
earlpittsamuricn

Parsons, KS

#2 Sep 29, 2008
That has just decided who I'm voting for in the upcoming elections. I'm voting against every incumbant on the ballot. Every single member of the House and the Senate needs to be thrown out on their butts and their retirment funds canceled. With Nancy Pelosi throwing one of her normal partisan tantrums and a dozen GOP members getting P O'd and changing their votes, every one of them needs to be kicked out. If they can't get past Rep vs. Dem long enough to at least try to do what is right, p@@@ on 'em.
Betty

AOL

#3 Sep 29, 2008
I agree. It appears the bailout would make us more Socialistic. Figure out a way to give help to those losing their homes. Stop the greed by big business, insurance companies and banks. Change the laws. Help the working class and retirees. Thanks to those who voted no.

Since: Jul 07

Kansas

#4 Sep 29, 2008
Moore was the only congresscritter from Kansas who voted for the bailout.
Tom D

Overland Park, KS

#5 Sep 29, 2008
Here is something most everyone is missing, and I am not sure why.

There are 435 members of the House of Reps.

There are more then enough votes for the Democrats to pass this bill if they want to. They do not need Republican votes.

If this is the crisis they say it is, then they should do their patriotic duty and pass it without the Republicans.

Watch this video to see just how low the Republicans have stooped.

The President, Greenspan, and Sen Mccain should be ashamed of themselves.

http://www.youtube.com/watch ...

You must watch this.
Tom D

Overland Park, KS

#6 Sep 29, 2008
I LOVE THIS PROPOSAL !!

I’m against the $85,000,000,000.00 bailout of AIG.

Instead, I’m in favor of giving $85,000,000,000 to America in

a We Deserve It Dividend.

To make the math simple, let’s assume there are 200,000,000

bonafide adults in the U.S.

Our population is about 301,000,000 +/- counting every man, woman

and child. So 200,000,000 might be a fair stab at adults 18 and up..

So divide 200 million adults 18+ into $85 billon that equals $425,000.00.

My plan is to give $425,000 to every person 18+ as a

We Deserve It Dividend.

Of course, it would NOT be tax free.

So let’s assume a tax rate of 30%.

Every individual 18+ has to pay $127,500.00 in taxes.

That sends $25,500,000,000 right back to Uncle Sam.

But it means that every adult 18+ has $297,500.00 in their pocket.

A husband and wife has $595,000.00.

What would you do with $297,500.00 to $595,000.00 in your family?

Pay off your mortgage – housing crisis solved.

Repay college loans – what a great boost to new grads

Put away money for college – it’ll be there

Save in a bank – create money to loan to entrepreneurs.

Buy a new car – create jobs

Invest in the market – capital drives growth

Pay for your parent’s medical insurance – health care improves

Enable Deadbeat Dads to come clean – or else

Remember this is for every adult U S Citizen 18+ including the folks

who lost their jobs at Lehman Brothers and every other company

that is cutting back. And of course, for those serving in our Armed Forces.

If we’re going to re-distribute wealth let’s really do it...instead of trickling out

a puny $1000.00 (“vote buy”) economic incentive.

If we’re going to do an $85 billion bailout, let’s bail out every adult U S Citizen 18+!

As for AIG – liquidate it.

Sell off its parts.

Let American General go back to being American General.

Sell off the real estate.

Let the private sector bargain hunters cut it up and clean it up.

Here’s my rationale. We deserve it and AIG doesn’t.

Sure it’s a crazy idea that can “never work.”

But can you imagine the Coast-To-Coast Block Party!

How do you spell Economic Boom?

I trust my fellow adult Americans to know how to use the $85 Billion

We Deserve It Dividend more than I do the geniuses at AIG or in Washington DC .

And remember, The Birk plan only really costs $59.5 Billion because $25.5 Billion is returned

instantly in taxes to Uncle Sam.

Ahhh...I feel so much better getting that off my chest.

Since: Feb 07

Location hidden

#7 Sep 29, 2008
The Congressional meltdown was politics as only America can do it. When foreign Congressional behavior has men in suits throwing chairs and women pulling hair, it is shown on the comedy channel. Today should be on the face of a tomb.

Since: Feb 07

Location hidden

#8 Sep 29, 2008
Nancy is the Speaker, she blew it.
No one changed a vote because of her comments, but she did not help. She is the speaker, if after the deal is made to have the votes needed, and another step is taken to effect the Presidential campaign, it was a bad calculation.
simon6071

Pinecrest, CA

#9 Sep 29, 2008
The Democrat party leaders were the ones who led their followers into the the quicksand of subprime lending.

However Nancy Pelosi made false accusation against the Republicans for causing the problem even when the Republicans are trying to help. What a stupid and shameless hypocrite!

Video evidence showing that Obama and other Democrat leaders are the real culprits of the subprime lending mess:

Shocking Video Unearthed Democrats IN THEIR OWN WORDS Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis
http://www.youtube.com/watch ...

The Democrats and Obama caused the financial crisis of 08 by supporting Fannie Mae and Freddie Mac and covering up their bad books.
http://www.youtube.com/watch ...

Explosive Video, Fannie Mae CEO calling Obama and the Dems the "Family" and "Conscience" of Fannie Mae
http://www.youtube.com/watch ...

Since: Jul 07

Kansas

#10 Sep 29, 2008
simon6071 wrote:
The Democrat party leaders were the ones who led their followers into the the quicksand of subprime lending.
However Nancy Pelosi made false accusation against the Republicans for causing the problem even when the Republicans are trying to help. What a stupid and shameless hypocrite!
Video evidence showing that Obama and other Democrat leaders are the real culprits of the subprime lending mess:
Shocking Video Unearthed Democrats IN THEIR OWN WORDS Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis
http://www.youtube.com/watch ...
The Democrats and Obama caused the financial crisis of 08 by supporting Fannie Mae and Freddie Mac and covering up their bad books.
http://www.youtube.com/watch ...
Explosive Video, Fannie Mae CEO calling Obama and the Dems the "Family" and "Conscience" of Fannie Mae
http://www.youtube.com/watch ...
What's disgusting is the 3 who will head up a committee to find out just why this happened. Uh, look in the damn mirror, guys!
James

Loomis, CA

#11 Sep 29, 2008
Tom D wrote:
I LOVE THIS PROPOSAL !!
I’m against the $85,000,000,000.00 bailout of AIG.
Instead, I’m in favor of giving $85,000,000,000 to America in
a We Deserve It Dividend.
To make the math simple, let’s assume there are 200,000,000
bonafide adults in the U.S.
Our population is about 301,000,000 +/- counting every man, woman
and child. So 200,000,000 might be a fair stab at adults 18 and up..
So divide 200 million adults 18+ into $85 billon that equals $425,000.00.
My plan is to give $425,000 to every person 18+ as a
We Deserve It Dividend.
Of course, it would NOT be tax free.
So let’s assume a tax rate of 30%.
Every individual 18+ has to pay $127,500.00 in taxes.
That sends $25,500,000,000 right back to Uncle Sam.
But it means that every adult 18+ has $297,500.00 in their pocket.
A husband and wife has $595,000.00.
What would you do with $297,500.00 to $595,000.00 in your family?
Pay off your mortgage – housing crisis solved.
Repay college loans – what a great boost to new grads
Put away money for college – it’ll be there
Save in a bank – create money to loan to entrepreneurs.
Buy a new car – create jobs
Invest in the market – capital drives growth
Pay for your parent’s medical insurance – health care improves
Enable Deadbeat Dads to come clean – or else
Remember this is for every adult U S Citizen 18+ including the folks
who lost their jobs at Lehman Brothers and every other company
that is cutting back. And of course, for those serving in our Armed Forces.
If we’re going to re-distribute wealth let’s really do it...instead of trickling out
a puny $1000.00 (“vote buy”) economic incentive.
If we’re going to do an $85 billion bailout, let’s bail out every adult U S Citizen 18+!
As for AIG – liquidate it.
Sell off its parts.
Let American General go back to being American General.
Sell off the real estate.
Let the private sector bargain hunters cut it up and clean it up.
Here’s my rationale. We deserve it and AIG doesn’t.
Sure it’s a crazy idea that can “never work.”
But can you imagine the Coast-To-Coast Block Party!
How do you spell Economic Boom?
I trust my fellow adult Americans to know how to use the $85 Billion
We Deserve It Dividend more than I do the geniuses at AIG or in Washington DC .
And remember, The Birk plan only really costs $59.5 Billion because $25.5 Billion is returned
instantly in taxes to Uncle Sam.
Ahhh...I feel so much better getting that off my chest.
This might solve the family problems. But what about the big businesses that take your money everyday for products? So that's a great plan. Lets make all Americans equal and let them have nothing to spend it on because all the food companies, ect ect went bankrupt. Great idea lets turn America into a Marxism country!
simon6071

Pinecrest, CA

#12 Sep 29, 2008
I repost this because for unknown reason the links in the previous one are not working.

The Democrat party leaders were the ones who led their followers into the the quicksand of subprime lending.

However Nancy Pelosi made false accusation against the Republicans for causing the problem even when the Republicans are trying to help. What a stupid and shameless hypocrite!

Video evidence showing that Obama and other Democrat leaders are the real culprits of the subprime lending mess:

Shocking Video Unearthed Democrats IN THEIR OWN WORDS Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis


The Democrats and Obama caused the financial crisis of 08 by supporting Fannie Mae and Freddie Mac and covering up their bad books.
http://www.youtube.com/watch...

Explosive Video, Fannie Mae CEO calling Obama and the Dems the "Family" and "Conscience" of Fannie Mae
http://www.youtube.com/watch...
James

Loomis, CA

#13 Sep 29, 2008
Yes Simon,

Pelosi is the a SFB Devil

(SFB= Shit For Brains)
simon6071

Pinecrest, CA

#14 Sep 29, 2008
To investigate Fannie and Freddie Gate, people should look into video and documentary records, not look into the mirror unless the investigators happen to be the pro-subprime lending Democrat leaders in this video:

Since: Oct 07

Olathe, KS

#15 Sep 29, 2008
With so many banks running ads on tv to borrow from them instead of the other guy makes me wonder what is going on?
The scare mongers tell us we must act and act now!
Marie

Overland Park, KS

#16 Sep 29, 2008
Yes, it does make one wonder.
Tom D

Overland Park, KS

#17 Sep 29, 2008
To James,

I am going to assume we are in the same camp when it comes to politics.
I read your comments about Pelosi, and totally agree.

Do you have a sense of humor? That may have been a silly question to ask. I already know the answer.

What I posted was a copy of an email I recvd. recently. It's light hearted, and actually cute.
I don't believe anyone ever meant it to be taken seriously.

I think you would be better served if you gained a sense of humor, at least to the point of recognizing something that was used as a little levity.

To scold me about that which I posted only shows how shallow you might be.

Since: Feb 07

Location hidden

#18 Sep 30, 2008
simon6071 wrote:
The Democrat party leaders were the ones who led their followers into the the quicksand of subprime lending.
However Nancy Pelosi made false accusation against the Republicans for causing the problem even when the Republicans are trying to help. What a stupid and shameless hypocrite!
Video evidence showing that Obama and other Democrat leaders are the real culprits of the subprime lending mess:
Shocking Video Unearthed Democrats IN THEIR OWN WORDS Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis
http://www.youtube.com/watch ...
The Democrats and Obama caused the financial crisis of 08 by supporting Fannie Mae and Freddie Mac and covering up their bad books.
http://www.youtube.com/watch ...
Explosive Video, Fannie Mae CEO calling Obama and the Dems the "Family" and "Conscience" of Fannie Mae
http://www.youtube.com/watch ...
On a TV show, Hannity had a video of Congress stopping discussion on the risk of Fannie & Freddie in 2003 and 2005. These clips need to be released to on-line media. There are familiar faces, Barney and Obama election committee members.

Since: Oct 07

Olathe, KS

#19 Sep 30, 2008
RayOne wrote:
Nancy is the Speaker, she blew it.
No one changed a vote because of her comments, but she did not help. She is the speaker, if after the deal is made to have the votes needed, and another step is taken to effect the Presidential campaign, it was a bad calculation.
She showed on tv for all the world to see that she is a hypocrite. Right after her statement that the vote should be made on a non-partisan basis, she then spent five minutes blaming the Bush administration for the meltdown, while it is recorded by the words of democrats themselves that they were the major cause.
It is recorded for all to see that the democrats blocked the Republicans from putting tighter restrictions on Freddie and Fannie from loaning to those who could not afford to buy homes.
http://www.taxfoundation.org/blog/show/23617 ....
In the article we read what Barney Frank said in 2003:
"The more people, in my judgment, exaggerate a threat of safety and soundness, the more people conjure up the possibility of serious financial losses to the Treasury, which I do not see. I think we see entities that are fundamentally sound financially and withstand some of the disastrous scenarios. And even if there were a problem, the Federal Government doesn't bail them out. But the more pressure there is there, then the less I think we see in terms of affordable housing."
Subsequent investigations reveal that most of the loans were made to black and hispanic, some illegal residents.
Again in 2005:
"In 2005, current President George W. Bush again examined the CRA, and pushed Congress for new legislation that would allow for greater oversight of lending industry, fearful of the economic collapse we are now seeing today. His efforts were defeated by a Democratic led coalition.

Now we are paying for it.

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