My Gut Tells Me That If You Asked Those Americans That Were Against The Bailout Before The Vote....

how they feel now that the bill failed and after they saw the market dip to -770 and they check their 401K's and they realize they can't get their car loan and they can't get the college loan and they can't get paid for an honest days work or worse yet lose their jobs - I think that they would now be - more for the bailout - than against.

Yes - I'm saying that many American people will flip flop on this - now that it directly hits their pocketbook.

Will they be taking a poll on this?

Especially here from the "let it burn"-ers.

I'm not going to chastise anyone. This is one of those deals that sooner or later were all going to get hurt. It's like voting republican, sooner or later it hurts the country.

funds of any kind. :shrug:

I was opposed, I'm still opposed, at least without MAJOR MAJOR reforms in the economy first.

And I don't have a 401k and I don't buy a new car that often. Just bought one in January, the first new car in 12 years, first car of any kind in 6. I would have kept the truck since it was paid off but the gas was getting to be ridiculous.

Doug D.
Orlando, FL

thinks for yourself. Most Americans aren't as engaged as you probably are. Hell - many don't have their own opinion on the presidential race. They vote against themselves because they were influenced by a negative campaign commercial or a Fox pundit.

But now - when it actually hits their pocketbook - they will wake up. I think today got a lot of people's attention. Not only will it impact this bailout - but it will impact the Presidential race and also house and senate seats.

Some people today got a slap upside their head that is going to impinge on their great way of life and they ain't gonna like it.

and am proud of the fact that I'm not a failed CEO enabler.

Those folks needed a serious intervention and they got one. Maybe now they will quit their substance abuse.

Only a fool would sell today and only the rich could buy.

I am still against a bailout.

so you are sorely mistaken.

For many who have no direct connection to the market via stock, it's SSDD. If the DJIA has continues to slide down for a few more days then more people will notice and react.

The WaMu and Wachovia news will have more influence on a greater number of people because the vast majority of Americans do have bank accounts. Even those with only $100 in the account are fearful of widespread bank failures.

My two cents.

I haven't been watching TV for a couple of hours but I got the sense that the failure of the bill and the immediate reaction of the Dow was sort of an OMG moment... that this was a REALLY big deal. Followed, of course, by the biggest daily drop in the Dow ever.

I think people will change their minds, although I wonder whether they'll be as assiduous in calling their congresspeople to ask them to vote Yes as they were in calling to ask them to say No.

NASCAR races, baseball and football games - still went on - with parking lots full of cars and stadiums full of people drinking and eating and having a gay old time. I went to the shopping center. Hard to find a parking place. The mall was packed with people carrying around shopping bags full of stuff. Later I had to wait 25 minutes before we were seated at the restaurant.

People speed down the highways - driving 20 miles over the posted speed limit and not thinking about conserving the expensive gas that they poured into their car.

Most people are oblivious to what is going on. They are still living their high life and not cutting back and ramping up the tally on their credit cards - which they pay the minimum balance every month.

Commercials on TV still are goading people to buy boats, take exotic vacations, and further drive up their credit balances on the Home Shopping Network. Infomercials abound.

In most of America - unless you were hit by a recent hurricane, flood or some other calamity or have to wait in long lines at the gas stations that have no gas - people are oblivious to the serious nature of the situation that *Co and the Repugs have gotten us into over since Reagan's days.

I'm really hoping that today - this failed bailout vote - is a wakeup call to these Americans - and they begin to see the folly of our ways. This is our last hope. They need to get involved. They need to take interest. They need to vote for themselves and not be influenced by pundits, cable news outlets, wedge issues or the continue to vote the way their parents voted.

We need a massive change in D.C. and if we get a McCain presidency - you might as well kiss this wonderful way of life good-bye.

The bailout sucked before and it still does.
Fuck Wall Street.

They are the ones "in the know" and would have dumped stocks or greatly diversified beforehand.

Sure, there will be money, but it will be worthless. Get your wheelbarrow loaded up with cash so you can go buy a loaf of bread. That's what the bailout will lead to.

I truely say that the financiers can GO TO HELL.

Just call my husband at work and his used car dept has sold five cars today. Pretty good for a Monday and the day isn't over yet. Sold 11 cars on Sat and 8 cars yesterday. So loans are being granted.

Oh and we all aren't flip floppers based a Me first mentality.


What I don't understand is why something has to be DECIDED RIGHT FUCKING NOW? It's always a rush through kinda deal with the corporate whores and this WH. Waiting and careful analysis is never an option. Why is that? And rushing only screws us big time.

And that's all it is

Why can't the Democrats propose a bill that will tax all stock trades a small percentage...0.25% and that will be used to fund the bailout? We won't strap additional debt onto our childrens backs. In addition why can't we:

1) Use the money to restructure millions of mortgages. That will save individuals and save the banks and help the real estate sector recover?

2) Why can't we penalize the people who put us into this mess? Make them hold some of this debt at a very low or no return? Guarantee the principal at a very low or no rate? How about no return for companies and the American public can earn the interest?

3) This bill did not address the main factors to why we are in this mess...foreclosures. Until this happens...everything else if for show and a way to steal money from the government for the rich.

But I still think the "Bailout Bill" needs work.

If Paulson had not stepped up with the bailout plan that Thursday.

DOW and NYSE are not the same as the interest of the people. Insofar as they are, this needs to change. If they're dropping, it's because of their own irresponsibility over 30 years plus and especially in the last eight, not because the plunder plan failed.