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Congress OKs historic bailout bill

Discussion in 'Political Discussion' started by Holy Diver, Oct 3, 2008.

  1. Holy Diver

    Holy Diver Rookie

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  2. MrBigglesWorth

    MrBigglesWorth Rookie

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    we're in trouble

    this money is just gonna disappear overseas and our politicians let us down
  3. PatsFanInEaglesLand

    PatsFanInEaglesLand Rookie

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    What a POS pork filled bill.:mad: This isn't going to do ****. 535 effin a-holes, get rid of em all.

    [​IMG]
  4. Tunescribe

    Tunescribe PatsFans.com Supporter PatsFans.com Supporter

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    #61 Jersey

    I feel better now that it has passed. At least "something" was done to help stem the market free-fall. Whether it was THE answer, who knows? Seems to me that on balance, most experts felt it needed to be done, however imperfect a solution it appears to be. It's what happens next via reforms/re-emphasis on regulatory controls, etc., that will really matter.
    Last edited: Oct 3, 2008
  5. maverick4

    maverick4 Banned

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    This is the final nail in the coffin.

    Before there was hope we could come back after a severe recession of a few yrs.

    This bill guarantees the American economy will suck for the next 10-15 yrs.
  6. Stokes

    Stokes Rookie

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    I'm not pleased about it, unfortunately though the markets have been whipped up into such a frenzy about this that not passing might have led to a big time collapse. So can anyone summarize how this bill is different from the original version, besides having a bunch more pork put into it?
  7. Roland

    Roland Rookie

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    A very sad day in American history. Our leaders should all be tried for treason after raping this country on the watch of the drunkard GWB.
  8. DarrylS

    DarrylS PatsFans.com Supporter PatsFans.com Supporter

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    Betcha the soccer moms and the joe six packs will be pissed, eh!!
  9. Holy Diver

    Holy Diver Rookie

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    listening to Bernie Sanders (I)VT this morning talking about investing in infrastructure and green jobs:

    Said that if we invested something like 150billion into renewable energy, it would create 6 million jobs. WHY AREN'T WE DOING THAT?????

    seems that would generate jobs, tax revenue, and a future.




    Elect the non-incumbant in November.
  10. PatsFanInEaglesLand

    PatsFanInEaglesLand Rookie

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    Are you going to vote against Pelosi? Sheehan? Walsh?
  11. Patters

    Patters Moderator Staff Member PatsFans.com Supporter

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    Okay.

    From what I've read, there are a hell of a lot of exotic investments out there, not just futures and options, but all sorts of things on the national and international markets, some with names I never even heard of. In other words, since deregulation, which to some degree has been a global phenomenon of the markets, the world investment community has become nothing less than a casino. Well, there have been too many rolls of the dice against the house (deficits, oil, foreclosures, inflation, unemployment, and so on), the house is about to lose.

    If it loses, capitalism could collapse as it did in the 1930s. (Some economists say there could be a depression worse than that of the 1930s.)

    On the bright side, the Great Depression led us to take some of the best from socialism and apply it to our economy and values, such as Social Security, Medicaid/Medicare, works programs, disability, aid to dependent children, tuition aid, etc., so another depression would be sure to bring us some real liberal change. However, the dark side is it could lead to such poverty and unemployment that the fabric of country would be severely torn and many people would be badly hurt. If this scenario is correct (and just paranoia), the bailout is needed to buy time to try to figure out a way out of this mess. It's not a solution, it's simply an attempt to avoid the worst, and give the trilliions and trillions of dollars at stake, $700 billion is a relatively small sum.

    I don't know if that makes you feel any better, but I think it explains why Congress did what it did, and actually was quite nonpartisan in the most partisan of years.
    Last edited: Oct 3, 2008
  12. Holy Diver

    Holy Diver Rookie

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    I am voting against Pelosi for sure....you have my word on that!

    I'm voting for all of you non NOr-Cal peeps who hate her just as much as I do.....

    She's gunna be SWAYZE!!! Ya heard?
  13. Holy Diver

    Holy Diver Rookie

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  14. PatsFanInEaglesLand

    PatsFanInEaglesLand Rookie

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    Anyone have a list of who voted for and against this?(both house and senate)
  15. MrBigglesWorth

    MrBigglesWorth Rookie

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    how come they didn't do this three years ago?

    mark my words.... we are going to come to regret this and we'll find out we got looted.

    this is a very sad day in the country. what happened today was rewarding greed and reinforcing bad spening behaviors.
  16. IcyPatriot

    IcyPatriot ~~~Out of Order~~~ PatsFans.com Supporter

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    #87 Jersey

    Last edited: Oct 3, 2008
  17. PatsFanInEaglesLand

    PatsFanInEaglesLand Rookie

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  18. Run DMC

    Run DMC Rookie

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    You are completely misinformed on that statement. 400 econonomists including 3 nobel prize winners said this thing is a piece of chit. The American public clearly was against this thing( so much for democracy). I don't know one person who was in favor of this "license to steal". Bush and his cronies loot the Treasury yet again. Unbelievable!
    Last edited: Oct 3, 2008
  19. Holy Diver

    Holy Diver Rookie

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    Largest transfer of wealth in the history of the Earth.


    again.....welcome to the end of what you thought was America. They have almost completed this......


    almost.....
  20. Tunescribe

    Tunescribe PatsFans.com Supporter PatsFans.com Supporter

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    #61 Jersey

    You might be right. Time will tell. So, what is your learned estimate of when we might see impact of this bill either way?
    Last edited: Oct 3, 2008
  21. PatsFanInEaglesLand

    PatsFanInEaglesLand Rookie

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    :confused: Who are they? Do they include the 172 house democrats who voted for the bill?
  22. Patters

    Patters Moderator Staff Member PatsFans.com Supporter

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    Rewarding greed turned out to be a disaster, but look at all the opposition to intellectuals in government. The Republican Party has built itself up by being against the educated elite, the academics, the universities, and so on. The attacks have been nonstop.

    Our leaders have not been listening to economists, they've been listening to Wall Street, and as Wall Street's ideas worked, the American people elected the anti-intellectual into office. Their ideas have given us a generation of good results, but now we are paying the price and need to look to another set of ideas. Frankly, the Republicans have absolutely nothing to offer in that regard.
  23. Holy Diver

    Holy Diver Rookie

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  24. PatsFanInEaglesLand

    PatsFanInEaglesLand Rookie

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    Last edited: Oct 3, 2008
  25. Holy Diver

    Holy Diver Rookie

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    Dude I know.....

    This is crazy to me, even my most conservative friends, who I battle almost daily about issues, and I agree that this is HORRIBLE news for every american.




    Is this the straw that breaks the partisan BS's back?
  26. Real World

    Real World Rookie

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    I thought it would create 20 million jobs. Maybe 30?
  27. scout

    scout Rookie

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    #15 Jersey

    In order to pass a 700 Billion bailout bill, congress had to add pork to the package. Enough said.
  28. Real World

    Real World Rookie

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    Those progams are the reason why we're headed toward bankruptcy. Look at the costs moving forward, they're unsustainable.
  29. Run DMC

    Run DMC Rookie

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    um, yes. :eek:
  30. Patters

    Patters Moderator Staff Member PatsFans.com Supporter

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    They're a pittance relative to the global private economy.

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