Watching from afar I have no personal stake in this shouting match but I linked this entry today because there is a lot of good information in it.

As we all know the bill didn’t pass — the world had a collective heart attack — and tonight there is to be another vote.

We’ll see how that goes but there is a video on my site that all Americans may be interested in watching. Things are not as they appear.

Like or Dislike: 0  0

[...] Update:  How John McCain Saved the Bail Out Bill and Rescued Taxpayers [...]

Like or Dislike: 0  0

How is that tasty humble pie?

You wrote “If the current compromise passes, as many insist it must to avoid financial disaster, there will be only one man to thank: John McCain!”

Let me guess, you’re planning a new post on how we need to blame McCain for failing to drum up enough republican support right?

Oh wait, I forgot that logic and rational thinking doesn’t work in your small little world.

Like or Dislike: 0  0

I smell Rats in Congress. Red Flags are going up everywhere.
Time to rip the lid off of this can of worms!
Why are they trying to pass this bill so fast?

The only ultimate ‘crisis’ I see is the closure of the subprime credit market.
That would be a GOOD thing, considering that is what caused this mess, but I doubt the sub prime market is what is shoring up our economy, and if it is, then that has to end anyway as shaky credit is NOT an investment, it is a risky gamble, NOT a foundation for a stable & strong economy!

We need to demand mandatory prison sentences for any elected government representative who betrays the public’s trust or acts outside her best interests.
With no painful penalties, these abuses will continue to occur undeterred.

Obama connected to Fannie Mae CEOs
http://www.youtube.com/watch?v=RbyVvcDmLhQ

Who sent money to Obama’s Campaign who are connected to the recent (and future?) Bail Outs and why?
http://www.youtube.com/watch?v=fb1SGOs3jfM

Why is most of Congress being shut out of the Bail Out negotiations & not provided any details, yet asked to vote on behalf of us?
http://www.youtube.com/watch?v=S27yitK32ds

Am I the only one who smells a skunk?

Like or Dislike: 0  0

The government could temporarily suspend the capital gains tax

Temporarily suspending the gains tax will cause the stock market to go down. Basically everyone will want to sell now (while the tax is suspended) but not want to buy now and sell later (when the tax is reinstated). If you want to juice the market, you have to credibly cut the capital gains tax for at least the medium term and preferably indefinitely.

They could insure the mortgage debt instead of writing a check to protect homeowners

If this were first and foremost just some sort of crisis of confidence, then having the government step up as an insurer would be a good measure. But the losses we are dealing with are mostly real, and you can’t just make them vanish by having the government act to insure the mortgage debt; that just leaves the government on the hook in a slightly different way.
And by the way, ‘writing a check to protect homeowners’ is not really the plan. The bailout is not constructed to pay the obligations of those currently defaulting on their mortgages. Of course, if the government buys up all these worthless mortgages I suppose it could handle the defaults and foreclosures in a number of different ways, but as I understand it Paulson would be buying entire enterprises and not just bundles of bad debt.

Like or Dislike: 0  0

I would like to know why taxpayer’s money has to be spent to solve the problem?

The government could temporarily suspend the capital gains tax and call for money coming from the market to shore up the economy. They could insure the mortgage debt instead of writing a check to protect homeowners and not have to socialize our financial economy.

This would be similar to what was done in Sweden, which seemed to work.

I would also like to know why the same democrats who blocked oversight (Barney Frank, Chuck Shumer, and Chris Dodd to mention the main ones) should be in charge of, and so in favor of this so-called rescue plan. I think they should be excluded from participating in the program since they where particularly instrumental in the problem. I would also like to make sure that special interest groups like Acorn do not get any of these funds.

People need to hear the truth and the names of both senators and congressmen who created this with their votes need to be exposed. Maybe we can get a real election with people who will start looking out for us.

Like or Dislike: 0  0

[...] http://www.floppingaces.net/2008/09/28/how-john-mccain-saved-the-bail-out-bill-and-rescued-taxpayers… [...]

Like or Dislike: 0  0

>>Hussein O ($126,000 in bribes in 3 years above the table and millions under the table), Peeeloshi, Reid, Dodd, Chuckie, Murtha, Waters, and Frank along with dozens of others should be facing the same federal judge that the theives at Fannie and Freddie are soon to face.>>

You wish. Right up there with Jamie Gorelick????

I wish too, but somehow, I don’t think it’s going to happen.

And if HO wins the election, he’ll be immune and they’ll be putting everyone else in jail.

Like or Dislike: 0  0

If McCain had not returned to D.C. and fired up the republicans to clean up the $700 dollar give away bill the democrats add on’s (payoff’s with tax dollars to those who bribe the democrats for votes) would have expanded to a trillion dollars and more.

Hussein O ($126,000 in bribes in 3 years above the table and millions under the table), Peeeloshi, Reid, Dodd, Chuckie, Murtha, Waters, and Frank along with dozens of others should be facing the same federal judge that the theives at Fannie and Freddie are soon to face.

Like or Dislike: 0  0

[...] Much more here [...]

Like or Dislike: 0  0