Will the bailout pass in the Senate?

I haven't a clue. I know my Senator Pat Leahy is undecided, as is Sherrod Brown. Bernie's against it. Clinton, Obama, McCain, Reid are for it. So is Coleman and Voinavitch. Don't know where other Senators stand.

I know something needs to be done, but not this way. And I am speaking as someone who lost 300 grand from our 401k's in two days. Nothing left for retirement except paltry retirement checks that won't even cover minimal health care. And I still don't want this "bailout"

I don't like the way this is being rushed through.

one small fact they forgot to mention.. this bill will allow Paulson to buy back bad paper from foreign Banks.... CHINA mainly. This money will never see the credit markets in the U.S. As usualy... Bush is wagging the dog. Call Sen Cantwell and tell her to Filibuster this bill tonight so there is no vote...

http://www.cnn.com/video/#/video/bestoftv/2008/09/30/ldt.kaptur.defazio.intv.cnn?iref=videosearch

but once again we find ourselves shocked into making a terrible decision.

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http://www.bizjournals.com/kansascity/stories/2008/09/29/daily23.html

It stinks, but the alternative stinks more.”

McCaskill said the Senate plans to vote Wednesday night on several pieces of proposed legislation, including “making our financial system work again.”

“The gears are frozen in the economy right now because there’s no lending going on, or it’s at inflated interest rates,” she said.

“I’ll hold my nose” and vote for the Senate bill, she said.
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I agree with her that the bailout stinks.

However, I don't believe that it's better give Bush $700 billion than to wait until we have a new president to act, just because some borrowers are being charged high interest rates.

because people still think this is about the stock markets and fat cats- which its not. It's about the credit markets, keeping companies doing business and keeping people employed.

There'll be plenty of time to go nail fat cats and pas other measures under an Obama administration- but I'd rather see that done better economic conditions than what will occur if we don't act now.

So would Obama.

...more people would be employed at good wages, they would pay their mortgages and spend money at small business which would help the employees there to pay their mortgages.

Buying Wall Street's worst products isn't the best way to help the economy.

Although a new WPA may be what we get, if the credit markets aren't stabilized and very, very soon.

reactive to phone calls and public pressure as the House.

The Senate is a bit more removed from the "will of the people" than the House. That's just the nature of the two bodies, that's why they have different rules for passing legislation.

the "check", the brakes, against we the people suddenly deciding shit on popular whim.

but it just so happens that very soon, I'll most likely be the not-so-proud owner of a whole bunch of "toxic debt" that they tell me will be worth a WHOLE lot of money in a few years. Since these things are sure to generate a huge profit, they should be very grateful to me for donating them to their campaign.

how they should vote. And yeah, I'm against this legislation, but I didn't vote for my Senators to follow public opinion, but to vote based on their best judgment.

first thing this morning to voice my opposition. DiFi is a virtual Thug, so I hold little hope for her not supporting it with everything she's got - her husband probabaly stands to make a billion off of it. But Boxer - I'm keeping my fingers crossed.

NT

The senate bill will only make things worse.

amendment on taxing the very wealthy will be up for a vote.

if any bill passes) and they will actually pass tax cuts.

not a good sign for those of us who don't think this is the right solution.

Reid is for it, McConnell too. I am going to call my Senators and say NO BAILOUT, OR whatever they want to call it now. This is being rushed through and I do not trust that POS smirking in the WH.