Could the Dems just say "NO" to the bailout and let the chips fall where they may?

The Dems could hold this bailout up long enough to make sure that if it happened, the middle class is protected.

First, there should be an amendment to repeal the 2005 bankruptcy act that made it more difficult for the average American to survive after bankruptcy. Then, part of this money, 100 billion, should be "ear marked' for infer structure repair. Next, right downs of existing mortgages held by average American home owners by the very companies that we are bailing out. Lastly, rather than having golden parachutes for the CEO's that got us in this mess, we should be able to charge them, criminally.

That's my list, feel free to add your amendments.

Will they have the courage, guts, fortitude to do so - no way.

There is but one course of action left for honest citizens:

"Welcome to the Final Stages of the Coup"

http://www.huffingtonpost.com/larisa-alexandrovna/welcome-to-the-final-stag_b_127990.html

:rofl: :spray: :rofl:


I nominate this OP for a DUzy next week!

....."could the Dems say "NO"....." :rofl:

If this bail-out doesn't happen. But go ahead and make your wish list, and why don't you throw in ending the Iraq War while you're at it.

I'm not saying that the Rethug plan should be adopted. But it seems to me that we have to do more than sit back and let the chips fall.

find a way.....

This bailout is about saving a company, not people. Have you heard anyone seriously talking about alternatives to upholding the existing mortgage valuations?

But then too, this bailout is about getting to the election.

Once they're out the door, they're safe and will have gotten away with the greatest scam in the history of the world.



WAKE UP AMERICA!

Here in Texas I have two Republican Senators, Cornyn & Hutchison, so I get no help from them.

My House Representative is Bernice Johnson, who seems to be leaning toward any bailout. She took over $2000 dollars from Fannie & Freddie, and is probably going to be in the tank for a mortgage bailout.

Ya ever wonder how people in congress could vote for this kinds of bills? Money talks.

http://www.opensecrets.org/news/2008/09/update-fannie-mae-and-freddie.html

No bailout means loss of millions in pensions and retirement for older folks.......big voting bloc

Wouldn't that just make lots of opportunity for lots of smaller companies to fill those needs? I don't really care, I'm broke either way.

of America.

No doubt, there is a mess on Wall Street. With that being said, the Congress could create an emergency fund of $500 billion that would be available in the next 6 months if the situation worsens. They should not be stampeded into spending this money on "bad" investments. Our system has always had winners and losers and the situation needs to settle and the Congress needs to get the facts for the American people before they sign onto a blank check.

The reason for the $500 billion emergency fund would be to protect themselves politically from this scam of the Republicans. But, at the same time, they would protect the rest of us from this scam.

At the feet of the little guy. You and me.
We will have to bear the brunt of the mess, while the guilty perpetrators take their golden parachutes & bonuses and are chauffeured off to one or another of their luxury retirement homes.

This doesn't end the crisis...just prolongs it. There are still millions of homes either in default or foreclosure as well as the billions in consumer debt that is a hidden elephant in this crisis. The bailout keeps the banks from all collapsing at once and all forms of credit to dry up. Until the real estate market bottoms out...and the banks that hold all the junk paper...the downward spiral will continue...and the bail-out will help drive down real estate prices.

A bigger fix will be needed after the election, but now's not the time to play too much football. Letting the economy go down the shitters will put millions out of work and help spur speculation and inflation...thus there was little alternative here. But it does put the economy front and center in this election and the GOOP mismangement. Any bailouts must be followed by re-establishment of regulation and this won't be accomplished with Repugnicans in control of the executive. The Obama campaign must continue to hammer on the corruption of the repugnican mismangement of the economy and tar Camp Gramps with the many lobbyists who are at the heart of this mess.

Regarding CEO compensation and other corporate wrong-doing, that should wait until after the election to be addressed...but addressed it must be...no matter who wins. If Senator Obama wins, then the ball should roll in both the House & Senate to move investigations forward that lead to action in the first days of a new administration. Ultimately the compensation question is also one of the regulation process...and to re-tool the SEC with some real teeth...and also to set up a template where other bankrupt industries (and there will be airlines, auto makers and others on the way) can re-organize rather than get bail-outs as well.