I agree with Republican Richard Shelby

[Heather MC]

"This is a bad bill"

"We shouldn't be bailing out foreign banks, no other country has ever done that"

"They are just gonna ram it through"

Yep he is right this bill is a fiscal nightmare. Would shouldn't be bullied by the White House
they have done this before

[Lancer]

1. I agree with Shelby about this one, too. Gotta be a first. n/t

[Supersedeas]

18. Shelby has also consistently voted against deregulation of the Banking industry

The only Repig to vote against the Gramm bill

[WI_DEM]

2. My worse dream might come true--Obama votes for it and McCain votes against it

[iceman66]

16. Let's hope not!

[nradisic]

3. Where has he been the last 8 years?

Talk is cheap....

[napi21]

4. I agree with Shelby too, BUT I'm also very concerned about MY

401K! I can't tell you how many arguments I've had with the broker who represents our 401K accounts about how WS never makes any sense to me. They get ticked off at a company that makes a decent profit but not quite as much as WS wanted! They push the price of oil up and demean alternative fuels when they KNOW the oil supply is declining. IMO they're all a bunch of crazy radicals!

I don't like to be bribed, and that's what I see this bailout is, but I, along with millions of others, was forced out of a Corp. pension plan and into this 401K sh*t. That means WS controls what happens to my assets! I don't like the bailout agreement (as much as I've seen of it) but I don't believe I have any choice but to support it.

[Heather MC]

6. It seems like it was done to fast. I wish they had more time

The WH has had their plan for at least a year from what I have read
the housing market begin deflating in 2005

and they pick now now to so something
after 3 years of a declining market and 40 days before the an elections
and one week before Congress goes into recess to campaign for their own congressional seats

the timing is off, I really think we could have waited. the companies that were going to fail
LET them. they could file for chaper 11 bankrupcy, most people would keep their jobs. Assets could be protected, and they would pay back their own damn debt
instead of using us.

The Dow is going up so when and where is the Crisis exactly?

And why do we have to pay the debt of Foreign Countries that have a national surplus of trillions of dollars while we have a debt of 700 trillon???

[JuniperLea]

9. They used fear again!

We should all know better! When they stoop to fear, it's a big lie!

[napi21]

12. I realize that, but I admit, this time it worked with me. I turned 65

on Sept. 15th. Yes our house is paid for, car is 10 years old but still looks and runs like new and only has 50,000 miles on it, and we're both collecting SS, but the only backup money we have is our 2 401K accounts that aren't very big, and getting smaller every day. If I was 40 yo, I'd call BS and demand that the market work itselt out of the mess they created, but I'm not 40 anymore. I've moved all the $$ into the safest funds I could find, but even they are dropping. It doesn't make sense to me to put all the money into cash because the Feds are devaluing the damn dollar!

[Heather MC]

13. I just don't think this Bail out is going to help the right areas

I think it would have been better to create a gov. run bank that allowed people who got into upside down loans, and loans with balloon payments, to refy with fixed rate and pay back the loan as they intended to all along. Not everyone bought houses they couldn't afford they just got into loans they didn't understand. Like those loans that tack on the money to the back end, and before you know you owe more on your home than it's worth, because you didn't know the terms, or some "expert" convienced them this was the best loan to get.
It's better to help people keep their homes if possible
I just don't think they fully understand what all the debt is. and wether you believe in God or not
the bible has a lot of wisdom
"my people parish for lack of knowledge"
I am concerned they don't have the knowledge to know what this debt is

[JuniperLea]

17. Had the market remained stable...

Most of those people would have had plenty enough equity to refinance into a much better loan.

But you are correct. The bailout should have been for the people, not the crooks who stole our money in the first place.

I don't think the bailout will amount to a tinker's damn in the big scheme of things. It's just more money thrown at Bush's cronies... their last ditch effort to rob us blind. They need a lot more because it's not worth as much now.

[JuniperLea]

14. I feel for you...

I had those same thoughts... that's why fear works so well. There are serious concerns. Unfortunately, I don't think this bailout is going to matter in the long run.

I'm stocking up on non-perishables. When it comes to creating depression, Hoover was clearly an amateur compared to Bush.

[abumbyanyothername]

25. We have to pay off the foreign banks because

If we don't they will cut us off.

And going cold turkey on a 2 Billion dollar per day credit habit will not be fun.

I think we should do it. In most addictions the tapering off program just leads to tapering on.

[ProSense]

5. I don't buy it. The Republicans do this

shit all the time. They had no problem bailing out the S&L's in the early 90s. Did they forget that in 2000 their was a surplus that Bush, with their help, squandered?

Shelby is just playing hardball to try to make it look like he's fiscally responsible. Where was he when all of this was happening?

[JuniperLea]

7. If Bush says we need it... we don't!

Why the hell is anyone even entertaining ideas Chucklenuts has strapped his horses to? This is the man who lied us into war. This is the man who broke our military. This is the man who promised everyone they could afford a home and made sure there was no oversight as to how those loans were made. He's broken everything he's touched, and Congress is still letting him present his plans to fix things.

I think this stinks.

Let them fail. Let venture capitalists start small mortgage companies and private banks with their assets. Set interest limits and oversight. Let the process begin anew.

[crazylikafox]

8. Why do we keep repeating Repub TALKING POINTS! Get a grip folks.

YOu're only playing into their hands.

[Heather MC]

15. Playing into their hands, the bill that was originated from the white house

is a joke just like the Iraq war
It's the Dems who are being scammed and set up

The never even explained how they came to the amount 700 billion
there hasn't been to time to review exactly what degt i being paid

And I personally don't think my tax paying money should got to pay off foreign banks, in countries that have a trillions of surplus dollars

Financial decisions made out of desparation are always bad ones

[HootieMcBoob]

10. me too -- very weird

I saw the same thing and just got off the phone to my sister. I told her it must be the end of the world because I agree with Richard Shelby! I just hope we don't get screwed here. It looks to me like the most conservative Republicans and the most liberal Democrats are all against this thing. Very weird.

[Kurt_and_Hunter]

11. That may be God's way of suggesting you revisit your position

[BeyondGeography]

19. Except for the fact that furrin' money is what keeps our country afloat these days

(Wake up.)

[Heather MC]

20. Keeping us afloat isn't going last

we are constantly borrowing money we can't pay back
at some point a tidal wave is going to over take our little life raft
then we will have to find out is we can swim to solid ground?

The housing market isn't done falling, people aren't done forclosing
this is a bandaid on a gaping wound.

And we are already 700 trillion dollars in debt
sadly thanks to this administration we don't have the ability to keep this up


Don't take my word for it here are the numbers according to the CIA
Current account balance
Date of Information
1 China $ 360,700,000,000 2007 est.
2 Japan $ 212,800,000,000 2007 est.
3 Germany $ 185,000,000,000 2007 est.
4 Saudi Arabia $ 100,800,000,000 2007 est.
5 Russia $ 76,600,000,000 2007 est.
6 Switzerland $ 72,840,000,000 2007 est.
7 Norway $ 63,660,000,000 2007 est.
8 Kuwait $ 52,730,000,000 2007 est.
9 Netherlands $ 50,930,000,000 2007 est.
10 United Arab Emirates $ 41,670,000,000 2007 est.
11 Singapore $ 39,160,000,000 2007 est.
12 Sweden $ 37,990,000,000 2007 est.
13 Taiwan $ 31,700,000,000 2007
14 Algeria $ 30,580,000,000 2007 est.
15 Iran $ 30,470,000,000 2007 est.
16 Malaysia $ 26,050,000,000 2007 est.
17 Hong Kong $ 25,460,000,000 2007 est.
18 Libya $ 24,280,000,000 2007 est.
19 Qatar $ 23,440,000,000 2007 est.
20 Venezuela $ 23,230,000,000 2007 est.
21 Thailand $ 14,920,000,000 2007 est.
22 Belgium $ 14,640,000,000 2007 est.
23 Canada $ 13,260,000,000 2007 est.
24 Finland $ 11,270,000,000 2007
25 Indonesia $ 11,010,000,000 2007 est.
26 Austria $ 10,040,000,000 2007 est.
27 Azerbaijan $ 9,010,000,000 2007 est.
28 Iraq $ 7,802,000,000 2007 est.
29 Argentina $ 7,438,000,000 2007 est.
30 Brunei $ 7,101,000,000 2007 est.
31 Angola $ 6,747,000,000 2007 est.
32 Philippines $ 6,351,000,000 2007 est.
33 Chile $ 6,050,000,000 2007 est.


SKIPPING TO THE BOTTOM OF THE LIST


175Ireland $ -11,690,000,000 2007 est.
176Poland $ -15,480,000,000 2007 est.
177India $ -19,350,000,000 2007 est.
178South Africa $ -20,560,000,000 2007 est.
179Portugal $ -20,890,000,000 2007 est.
180Romania $ -23,130,000,000 2007
181France $ -33,390,000,000 2007 est.
182Turkey $ -38,030,000,000 2007 est.
183Greece $ -43,700,000,000 2007 est.
184Italy $ -47,250,000,000 2007 est.
185Australia $ -56,200,000,000 2007 est.
186United Kingdom $ -136,200,000,000 2007 est.
187Spain $ -145,600,000,000 2007 est.

188 United States $ -738,600,000,000 2007 est.
WE ARE DEAD LAST
https://www.cia.gov/library/publications/the-world-fact...

[BeyondGeography]

21. We agree it's a problem, but Shelby is just being provincial

[Heather MC]

23. I am not in lock step with Shelby, I jsut agree with those quotes I posted of what he said

I wish the bleeding heart dems in congress would stop playing along and reconigze this for what it is
a trap.

Sen. Boxer is not on board with this either

[BeyondGeography]

24. It's a mistake to make details of this craptastic bailout the be all and end all of this campaign

McCain and the Republicans would like nothing better than to distract from the utter failure of their unregulated, trickle down world, the cost of which far exceeds the $700 billion in question. Try not to play along.

[mzmolly]

22. As do I and I expect McCain will

follow in some fashion?