Pelosi Spoils the Deal!

[sluggish]

Ok, let's break this post down to it's most simple form:

Pelosi called the republicans a bunch of doo doo heads, so the republicans took their ball and went home.

I like how the media is spinning this now. "It's not about bailing out wall street, it's about having enough credit available in the system to let the system function properly. So people can get loans for homes and cars and business can get loans to operate and pay workers"

I think too much credit is was got us into this mess to begin with

Exactly.  I loved the "Schoolhouse Rock" type cartoon they kept playing over and over today to beat it into the sheeple's heads of how important it is for businesses to operate in the red.  These are BAD business practices.  I ask you, what kind of an IDIOT makes payroll on BORROWED money?

[Judochop]

I say bring back the gold standard!

[Nwbie]

Exactly.  I loved the "Schoolhouse Rock" type cartoon they kept playing over and over today to beat it into the sheeple's heads of how important it is for businesses to operate in the red.  These are BAD business practices.  I ask you, what kind of an IDIOT makes payroll on BORROWED money?

Borrowed money is how the economy works
A company has outstanding invoices - accounts receivable - (to the banks - their line of credit)
they also have accounts payable - ( their line of debit)
They also have operating costs ( payroll, Fica, taxes, health care, etc)
Banks plus and minus it all - then establish a line of credit - (way more complicated but simplified)
if workers want to be paid - business need the cash - aren't too many of us that want to wait for invoices to be paid - especially when average invoice payments are - lets say 45 days -
Companies borrow to keep the flow going, our economy has run that way for many many years.

[Captain Virgil Hilts]

Borrowed money is how the economy works
A company has outstanding invoices - accounts receivable - (to the banks - their line of credit)
they also have accounts payable - ( their line of debit)
They also have operating costs ( payroll, Fica, taxes, health care, etc)
Banks plus and minus it all - then establish a line of credit - (way more complicated but simplified)
if workers want to be paid - business need the cash - aren't too many of us that want to wait for invoices to be paid - especially when average invoice payments are - lets say 45 days -
Companies borrow to keep the flow going, our economy has run that way for many many years.

Which is EXACTLY why we are in such a precarious position.

The whole damned economy from top to bottom, except for some very smart individuals, and some companies run by those individuals, is leveraged to its eyeballs. Easy credit has become the operating method of choice, and is now the ruin of the economy.

[crockett]

the democrats have the majority in the house, they did not need the republicans to pass the bill, 93 democrats including democratic committee leaders voted against the bill. What house members will be voted out in Nov?

Actually the bill needed 50% from both parties to pass and not be filibustered. It's pretty sad this bail out came from your Republican president and his own party wouldn't stand up and do what needed to be done because it was a "unpopular" vote and those congressmen were more worried about getting reelected than helping out this country.

What is even worse is they come back and claim that the reason they didn't vote yes was because their feelings got hurt. Jesus Christ do we need to send them a birthday card to stoke their little egos?  Oh I'm sorry little Republican Congressmen.. that your little feelings got hurt. Too bad you just caused a second 9/11 on the stock market.. I'm sooo sorry for your little precious feelings.

[john9001]

crockit, 93 democrats voted against the bill. Where is your outrage?

[Captain Virgil Hilts]

There was never any threat of a filibuster that I saw. And no, they do not need 50% of both parties. They need a simple majority, regardless of party.

It is not the job of an elected official to do any thing other than vote the desires of his constituents. If the majority of his constituents wish him to vote no, then he is duty bound to vote no.

[Niceguy]

Actually the bill needed 50% from both parties to pass and not be filibustered. It's pretty sad this bail out came from your Republican president and his own party wouldn't stand up and do what needed to be done because it was a "unpopular" vote and those congressmen were more worried about getting reelected than helping out this country.

What is even worse is they come back and claim that the reason they didn't vote yes was because their feelings got hurt. Jesus Christ do we need to send them a birthday card to stoke their little egos?  Oh I'm sorry little Republican Congressmen.. that your little feelings got hurt. Too bad you just caused a second 9/11 on the stock market.. I'm sooo sorry for your little precious feelings.

I don't want to confuse you with facts but this mess could have been avoided if Democrats hadn't blocked a vote in '03 to change how Fannie May was regulated. Good ole Barney Frank had to protect his boyfriend.

Plus as it was stated earlier if the Democrats wanted this passed they could have done it on their own. This was just a plan that Pelosi had to make herself look good that backfired. She wanted to be able to take credit for it if things turned out good but blame Republicans if things went bad.

[crockett]

crockit, 93 democrats voted against the bill. Where is your outrage?

This wasn't even a Democrat's bill.. It was a Republican bill that your Republican president wanted. The Dem's did what needed to be done your Republican so called hero's were too busy plying politics to care about this country or the people this will affect.

[Dadsguns]

I don't want to confuse you with facts but this mess could have been avoided if Democrats hadn't blocked a vote in '03 to change how Fannie May was regulated. Good ole Barney Frank had to protect his boyfriend.

Plus as it was stated earlier if the Democrats wanted this passed they could have done it on their own. This was just a plan that Pelosi had to make herself look good that backfired. She wanted to be able to take credit for it if things turned out good but blame Republicans if things went bad.

Just another Dem blame game plan that backfired and blew up in their face...

[crockett]

I don't want to confuse you with facts but this mess could have been avoided if Democrats hadn't blocked a vote in '03 to change how Fannie May was regulated. Good ole Barney Frank had to protect his boyfriend.

Plus as it was stated earlier if the Democrats wanted this passed they could have done it on their own. This was just a plan that Pelosi had to make herself look good that backfired. She wanted to be able to take credit for it if things turned out good but blame Republicans if things went bad.

Yea I guess it wouldn't have happened either if the 3 Republicans hadn't sponsored that bill. We can play tit for tat all day long. In the end it comes down to 3/4's of the Republican congress not voting for something to help pull this country out of this mess.. Simply because they are worried about getting reelected.

As for what Pelosi said.. Who cares what she said. If they supported the bill, it doesn't change their support and it did it just goes to show how big of scumbags they really are. I mean seriously you going to stand there and tell me that they decided to vote against a bill they supported because Pelosi hurt their feelings? Yea right..  It's just another attempt for the Republicans to do what they always do.. "blame a democrat".

[crockett]

Just another Dem blame game plan that backfired and blew up in their face...

How is this a Dem's blame game? This was a bill your "Republican" president wanted. Humm last time I check George Bush was pretty far from being a Democrat.. The Democrats did what needed to be done to help this country. The Republican side of the congress didn't. It's really simple as that.

[sluggish]

Yea I guess it wouldn't have happened either if the 3 Republicans hadn't sponsored that bill. We can play tit for tat all day long. In the end it comes down to 3/4's of the Republican congress not voting for something to help pull this country out of this mess.. Simply because they are worried about getting reelected.

As for what Pelosi said.. Who cares what she said. If they supported the bill, it doesn't change their support and it did it just goes to show how big of scumbags they really are. I mean seriously you going to stand there and tell me that they decided to vote against a bill they supported because Pelosi hurt their feelings? Yea right..  It's just another attempt for the Republicans to do what they always do.. "blame a democrat".

But you make it so easy...

[sluggish]

How is this a Dem's blame game? This was a bill your "Republican" president wanted. Humm last time I check George Bush was pretty far from being a Democrat..

Why didn't your heros allow this to be fixed in 03 when it was proposed by BOOOSH?

[Anaxogoras]

It is not the job of an elected official to do any thing other than vote the desires of his constituents. If the majority of his constituents wish him to vote no, then he is duty bound to vote no.

I disagree if you mean this as some kind of universal rule of how a congressman should vote.