Aces High Bulletin Board
General Forums => The O' Club => Topic started by: Chalenge on September 29, 2008, 06:37:17 PM
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Today was the last day for me to catch up on outside maintenance so I was doing things like raking and weeding and washing the car. I had the radio playing and this came up on the radio.
On the U.S. Representative floor today just before the vote:
Pelosi: Seven-hundred million dollars a staggering number but only part of the failed Bush economic policies...
She then goes on to portray the Bush years as failures all the way down the line and puts the blame completely on Republicans.
The public may buy this trash but I see where the trash really is! Bipartisan what? Someone once said you can catch more flies with sugar then you can with vinegar and this woman has vinegar in her veins! Well maybe her plan was to spoil the deal.
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And people try to say Bush Jr is a moron.....I think this woman takes the cake in that department.
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The house republicans didn't go for the bailout because their feelings were hurt? More BS posturing and spin coming off this than a F5 tornado in Wichita.
The reason the house republicans refused is not Nancy of Big Tittistan's partisan posturing. They didn't sign because they didn't want to be nailed in november for passing a bailout that does not address the main street concerns and most view it as a privatization deal favoring wall street. They want heads to roll.. republican heads in the current administration because they want deniable distance from the current administration. They've been listening to US.. and WE're telling them NO.
Now we gotta tell 'em we need a better plan. .. one focused on Main st.. Not Wall st.
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Today was the last day for me to catch up on outside maintenance so I was doing things like raking and weeding and washing the car. I had the radio playing and this came up on the radio.
On the U.S. Representative floor today just before the vote:
Pelosi: Seven-hundred million dollars a staggering number but only part of the failed Bush economic policies...
She then goes on to portray the Bush years as failures all the way down the line and puts the blame completely on Republicans.
The public may buy this trash but I see where the trash really is! Bipartisan what? Someone once said you can catch more flies with sugar then you can with vinegar and this woman has vinegar in her veins! Well maybe her plan was to spoil the deal.
The Democratic Controlled Congress has been an embarrassment to the United States. Pelosi? Feinstein? Levin? I'd give the "Echelon Operator" a coronary if I stated my true feelings.
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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?
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Okay but this is going around all over the news now:
http://www.swamppolitics.com/news/politics/blog/2008/09/bailout_sunk_by_pelosi_speech.html
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pelosi,"I must recognize the outstanding leadership provided by Chairman Barney Frank, whose enormous intellectual and strategic abilities have never before been so urgently needed, or so widely admired"
barney frank said in 2006 that there was no problem with fanny and freddie.
As Chairman of the House Financial Services Committee, Frank "sits at the center of power". Thomas Mann, a senior fellow at the Brookings Institution, was quoted as saying, "He is one of the giants of Congress, a real legislator," in his new role.
In 2003, Frank opposed Bush administration and Congressional Republican efforts for the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis. Under the plan a new agency would have been created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry. "These two entities, Fannie Mae and Freddie Mac, are not facing any kind of financial crisis," Frank said. He added, "The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing."
can you say impeachment?
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“Gentlemen, I have had men watching you for a long time, and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I intend to rout you out, and by the eternal God, I will rout you out.”
Andrew Jackson
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Republican's got their feelings hurt by mean old Nancy Pelosi?
My guess is they dislike her even more than many o'clubbers.
Doubt they give her the time of day.
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pelosi,"I must recognize the outstanding leadership provided by Chairman Barney Frank, whose enormous intellectual and strategic abilities have never before been so urgently needed, or so widely admired"
barney frank said in 2006 that there was no problem with fanny and freddie.
As Chairman of the House Financial Services Committee, Frank "sits at the center of power". Thomas Mann, a senior fellow at the Brookings Institution, was quoted as saying, "He is one of the giants of Congress, a real legislator," in his new role.
In 2003, Frank opposed Bush administration and Congressional Republican efforts for the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis. Under the plan a new agency would have been created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry. "These two entities, Fannie Mae and Freddie Mac, are not facing any kind of financial crisis," Frank said. He added, "The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing."
can you say impeachment?
He also used the term "fundamentally sound." The same term that the old white haired dude got called out for using a while back...
:noid
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Lets not forget that barney franks gay partner, herb moses, was a Fannie Mae executive... Gee wasnt it ol barney that told us that Fannie didnt need oversight??? Doesnt this look like a conflict of interest? A congressional chairman of the house financial services committee LITERALLY in bed with an executive of a company which he is supposed to provide oversight???
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He also used the term "fundamentally sound." The same term that the old white haired dude got called out for using a while back...
:noid
Say the entire statement. I am so sick of this propaganda media truncating positions to distort the truth
THIS is what McCain said:
"And my opponents may disagree, but those fundamentals -- the American worker and their innovation, their entrepreneurship, the small business, those are the fundamentals of America, and I think they're strong," he said in Orlando.
But a few moments later, he described the country's current financial situation as "a crisis" and repeatedly said he was concerned about the fundamentals of the economy.
"I know Americans are hurting,'' McCain said. "The fundamentals of our economy are at risk.... And those fundamentals are threatened, they are threatened and at risk because some on Wall Street have treated Wall Street like a casino.''
http://voices.washingtonpost.com/the-trail/2008/09/15/mccain_fundamentals_of_economy.html
But why don't you just LIE about it.
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One source says Republicans put up historic fight to block the deal. This one says Democrats blocked the deal. You guys gotta get on the same page or you just look like a bunch of fools riding the spin bandwagon. Now get your story's straight!
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One source says Republicans put up historic fight to block the deal. This one says Democrats blocked the deal. You guys gotta get on the same page or you just look like a bunch of fools riding the spin bandwagon. Now get your story's straight!
Congress cant even keep it straight. Our government needs to be reinvigorated with fresh blood by forcing term limitations upon all elected positions.
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LOL RPM - btw I dont think Pelosi spoiled this with her diatribe... It was a turkey and a bad idea to begin with and elections are 5 weeks away with, of course, every seat up for grabs.
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LOL RPM - btw I dont think Pelosi spoiled this with her diatribe... It was a turkey and a bad idea to begin with and elections are 5 weeks away with, of course, every seat up for grabs.
Maybe not but she (in the video I linked to) lied and called a deficit a surplus and accused the republicans of every thing she and her cohorts are guilty (or just as guilty) of. Always keep up the offense by attacking the opposition and never admit guilt and never accept blame.
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As more and more facts about the failed vote come out, it becomes plain that there was more going on than just Pelosi's ill-timed, ill-directed, screw bi-partisan cooperation, blame Bush speech.
The good of the nation took second-place to election year posturing and opportunism.
The democrats did not need Republican votes to pass this bill. All they had to do was whip all of their horses in line and the it would be a done deal. One reports alleges that democratic House members up for reelection in strongly contested races were urged to vote against the bill, because enough Republicans were committing to vote for it that it was safe to do so. Republicans got wind of the double-dealing. That, and Pelosi's speech had them livid with outrage.
Cynics might also state that the democratic presidential candidate morphed into the Invisible Man during the debate over the bipartisan bill at a time when his influence was sorely needed.
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Maybe not but she (in the video I linked to) lied and called a deficit a surplus and accused the republicans of every thing she and her cohorts are guilty (or just as guilty) of. Always keep up the offense by attacking the opposition and never admit guilt and never accept blame.
Ohhh I know... Like I said earlier, all of that speech was for election commercial sound bytes.
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Just heard a great line by Mike Huckabee in relation to the bailout: "Those who just burned the Thanksgiving Turkey are asking that they be allowed to cook Christmas dinner."
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Say the entire statement. I am so sick of this propaganda media truncating positions to distort the truth
THIS is what McCain said:
http://voices.washingtonpost.com/the-trail/2008/09/15/mccain_fundamentals_of_economy.html
But why don't you just LIE about it.
hehe..
You don't read many of my posts, do you?
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osamabama isnt going to be anywhere that a concrete stand can stick to him... I have never seen anyone escape media scrutiny over half-truths, misstatements and just plain outright lies than he has gotten away with... It's like they are afraid he is gonna play that race card he keeps at the ready.
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The house republicans didn't go for the bailout because their feelings were hurt? More BS posturing and spin coming off this than a F5 tornado in Wichita.
The reason the house republicans refused is not Nancy of Big Tittistan's partisan posturing. They didn't sign because they didn't want to be nailed in november for passing a bailout that does not address the main street concerns and most view it as a privatization deal favoring wall street. They want heads to roll.. republican heads in the current administration because they want deniable distance from the current administration. They've been listening to US.. and WE're telling them NO.
Now we gotta tell 'em we need a better plan. .. one focused on Main st.. Not Wall st.
Thats ok I hear something like 40% of the Democrats didnt go for it either.
Thats a significant number
Can anyone confirm of refute this?
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Lets not forget that barney franks gay partner, herb moses, was a Fannie Mae executive... Gee wasnt it ol barney that told us that Fannie didnt need oversight??? Doesnt this look like a conflict of interest? A congressional chairman of the house financial services committee LITERALLY in bed with an executive of a company which he is supposed to provide oversight???
Your chitin me.....this is true?
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RedTop you and I are Ex-Squaddies... you know I wouldnt pull your leg about something this serious...
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Thats ok I hear something like 40% of the Democrats didnt go for it either.
Thats a significant number
Can anyone confirm of refute this?
Yea Barney Frank is saying its the Republicans fault for not getting those 12 extra votes, yet of the 95 Democrats who voted against it, 12 are on Barney's committee :) Seems Barny couldn't get 12 of his Democratic committee members to go along with him! But the media won't tell you that.
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Your chitin me.....this is true?
Yep, it's true. And just think about who Obama's financial advisers are.
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RedTop you and I are Ex-Squaddies... you know I wouldnt pull your leg about something this serious...
I wanna puke....
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hehe..
You don't read many of my posts, do you?
One of those 'gaff, net or just shoot the damn thing' moments.
Good catch, sluggo. :aok
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One source says Republicans put up historic fight to block the deal. This one says Democrats blocked the deal. You guys gotta get on the same page or you just look like a bunch of fools riding the spin bandwagon. Now get your story's straight!
In this age of information its inexcusable that you can't find a reliable source. That's what makes spin so ridiculous. The facts are out there. You just can't be lazy and have others look for them for you. Do you know which Democrats voted against this bill? Do you know their committee assignments? Don't call anyone a "fool" until you do.
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Republicans voted 66% against the bill... Democrats voted 40% against the bill. Whatever their reason, I am grateful for the result.
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Your chitin me.....this is true?
From something I copied and pasted, I closed the link before I could credit them:
Barney Frank, who is openly gay, had a past romantic relationship with Herb Moses, an executive for Fannie Mae. Barney Frank’s involvement was alleged to have persuaded him to cook the books (finance accounts) for Fannie Mae.
The Washington Post reported this story in its Reliable Source column in July 3, 1998. By the time the story broke in The Washington Post, the newspaper admitted that Barney Frank and Herb Moses had broken up. However, this was conflicting as Barney Frank was heard referring to Herb Moses as his “spouse.” Another report from the same newspaper said Barney Frank called Herb Moses as his “lover”. The two men had remained friends despite the said breakup. The romantic affair ended around 1998, ten years ago.
Barney Frank is accused of misleading the officials about the finance situation in Fannie Mae because his friend ( or spouse/lover) Herb Moses was a top executive in the mortgage firm. Herb Moses left Fannie Mae in 1998 and ended his relationship with Barney Frank at around the same time.
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I wanna puke....
Not on the carpet, please!
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Barney Frank's grubby fingerprints are all over this fiasco. The arrogant jerk has no shame. He and other prominent democrats worked overtime to kill the Bush lending regulatory package of 2003, perhaps the most sweeping package of its type ever proposed.
Steps were proposed FIVE YEARS AGO that could have averted this mess....but they were derailed by Barney and Friends.
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Congress cant even keep it straight. Our government needs to be reinvigorated with fresh blood by forcing term limitations upon all elected positions.
Straight-up term limits won't work, because running the govt does require a bit of experience. If you have 100% term limits, you'll end up with non-elected clerks running the country because THEY won't have term limits and they'll get laws passed that makes it almost impossible to fire them.
Yes we need term limits, but it must be done like this:
(The core idea is a limit of 2 terms with 20% retained by peer vote, the rest of the rules are mostly explanatory)
1. The "standard" term limit is 2 terms.
2. 20% of the members of congress can be selectively retained under the following conditions.
2.1 The retained members must be re-elected in their district or state (of course).
2.2 Members of congress will select the members who will be retained.
2.2.1 The selection process will use a secret ballot by current members of congress 90 calendar days prior to each election, to determine who is eligible for retention (making them eligible to run for office beyond the 2-term limit).
2.2.2 Each party is allocated retained members at the same proportion of their current party strength.
2.2.3 Members with no party affiliation, or members who's party has only one person in office, will be aggregated as a "third party" and allocated retained members in proportion to their relative strength vs. the congress as a whole, to ensure that small or third parties can retain members.
3. Previous retention status is not grounds for future retention.
4. Once a member fails to be selected as eligible for retention, they can not run for re-election.
5. Members of the House of Representative may run for the Senate after reaching term limits, and vice versa, however each member is only allowed one trip to each body (subject to rule 6).
6. Members removed from congress after reaching term limits may run for office again 10 years after the end of their last term.
7. The speaker of the House is the member with the longest stay in office, not necessarily someone from the party with the most members.
Other options include selecting retained members by peer vote without regard to party affiliation. This could lead to a less partisan approach by the congress as a whole, however it could also result in huge instability if relative party strength shifts dramatically in one election cycle and a lot of experienced retained members are not retained. On the other hand, selecting retained members BEFORE the election should help smooth out the waves and ensure that the voters can over-ride retention choices.
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One source says Republicans put up historic fight to block the deal. This one says Democrats blocked the deal. You guys gotta get on the same page or you just look like a bunch of fools riding the spin bandwagon. Now get your story's straight!
OK! The Cowboys SUCK! :D
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As I am at work....(when I usually read the boards and post) ....I don't have time to google much tonite....
But this whole deal....with these lil tidbits....makes me sick....I SO WANT all these f'in crooks out of office....NOW....not November...NOW....every GD one of em.
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Guess what, while the US government is inept to do anything the central banks around the world are desperately trying to avoid a worldwide economic failure.
Central banks to double amount of dollar injections into market as U.S. financial crisis spreads (http://www.japantoday.com/category/business/view/central-banks-to-double-amount-of-dollar-injections-into-market-as-us-financial-crisi-spreads)
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On a side note: Drudge posted a picture of the speaker "presumably" from today.....she looked very VERY old. I would have "hit it" a few months ago. Today was surely a pass.
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Guess what, while the US government is inept to do anything the central banks around the world are desperately trying to avoid a worldwide economic failure.
Central banks to double amount of dollar injections into market as U.S. financial crisis spreads (http://www.japantoday.com/category/business/view/central-banks-to-double-amount-of-dollar-injections-into-market-as-us-financial-crisi-spreads)
Just goes to show you what a "global" market brings to the table :O
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On a side note: Drudge posted a picture of the speaker "presumably" from today.....she looked very VERY old. I would have "hit it" a few months ago. Today was surely a pass.
I'd still hit it.... well..... with a brick anyway.;)
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Cynics might also state that the democratic presidential candidate morphed into the Invisible Man during the debate over the bipartisan bill at a time when his influence was sorely needed.
So, it is okay for Politicians to possibly gamble with the lives of their constituents because of one stupid bipartisan speech ? If that was true, not a single one of Bush's bills would have been passed.
That being said, I have not heard any realistic reasons as to why so many Republicans did not like the bill when it came time to vote. The closest answer that made any amount of sense was the possibility that Republicans did not want to be seen supporting a Bush sponsored Bill. Besides that, there is no real answer as to why a Bill considered fair and balanced yesterday, and then earlier today, was suddenly denounced by the party that desperately needed to seem to be in charge of the issue.
Added to that, I am not sure why you are trying to blame Obama. McCain is the one who claimed the right of ownership of this bill, being the only candidate that formally vowed to vote for it. Yet, he merely sat by the phone doing nothing, and then held a press conference and started campaigning about how Obama failed.
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I's still hit it.... well..... with a brick anyway.;)
Ooooh feel that grandma? there it is....oooh!
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So, it is okay for Politicians to possibly gamble with the lives of their constituents because of one stupid bipartisan speech ?
That being said, I have not heard any realistic reasons as to why so many Republicans did not like the bill when it came time to vote.
Yet, he merely sat by the phone doing nothing, and then held a press conference and started campaigning about how Obama failed.
Good points mg.
All I can say is that you are watching the total "package" in action. Even if you are partisan, keep an ever mindful eye on the bigger picture. This is where the smaller lessor known individuals tend to shine. Be ever watchful.
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So, it is okay for Politicians to possibly gamble with the lives of their constituents because of one stupid bipartisan speech ? If that was true, not a single one of Bush's bills would have been passed.
That being said, I have not heard any realistic reasons as to why so many Republicans did not like the bill when it came time to vote. The closest answer that made any amount of sense was the possibility that Republicans did not want to be seen supporting a Bush sponsored Bill. Besides that, there is no real answer as to why a Bill considered fair and balanced yesterday, and then earlier today, was suddenly denounced by the party that desperately needed to seem to be in charge of the issue.
Added to that, I am not sure why you are trying to blame Obama. McCain is the one who claimed the right of ownership of this bill, being the only candidate that formally vowed to vote for it. Yet, he merely sat by the phone doing nothing, and then held a press conference and started campaigning about how Obama failed.
Don't you just have a stamp that says "Its McCain's fault"? You know, like Staple's "easy mode" stamp? Do you not get the fact that the bill needed only 12 more votes to pass? 95 Democrats - yes DEMOCRATS - voted against it. No one voted against the bill because of what that idiot Pelosi said. Surely, not the 95 DEMOCRATS. They voted against the bill because the overwhelming majority of tax payers are AGAINST it. If you were taken by surprise, its no one's fault but the out of touch media and the out of touch Washington leadership. Last time I checked, we still employed THEM.
Do you get the fact that the Democrats could pass this themselves tomorrow? Why don't they? Because they don't want to be held accountable. Up until now, all they've done is vote to change the name of buildings and ban lead from children's toys (again).
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"For too long this government, eight years, has followed a right-wing ideology of anything goes, no supervision, no discipline, no regulation."
For too long this government, sixteen years, has followed a left-wing ideology of anything goes, no supervision, no discipline, no regulation. - FIXED :aok
EDIT: Actually surprised I could get that edit to work! :D
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I don't think ya'll are really paying attention. There was more working against the package than just Pelosi's speech.
1. The placing of unprecedented power into the hands of the Secretary of the Treasury, with no Congressional oversight. This is a recipe for the growth of graft and cronyism.
2. The nationalization of our lending institutions, with the aforementioned Secretary holding the reins of power.
3. Republican Congressmen responding to the wishes of their constituents, who were absolutely livid about the bailout. E-mails to these congressmen were running 80 to 1 against.
4. The arrogant approach of Paulson in his negotiations with the Republicans. The former chairman of Goldman Sachs, an institution that got an 85 billion dollar "gift" largely because of his influence, has motives that are highly suspect.
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Guess what, while the US government is inept to do anything the central banks around the world are desperately trying to avoid a worldwide economic failure.
Central banks to double amount of dollar injections into market as U.S. financial crisis spreads (http://www.japantoday.com/category/business/view/central-banks-to-double-amount-of-dollar-injections-into-market-as-us-financial-crisi-spreads)
[heartless american bellybutton reaction mode]
Let us know how that works out... meanwhile, when you need the russians tossed back or yah have a german vermin problem call 1-800-we-dont-giveadamn and leave a message.
[/heartless american bellybutton reaction mode]
it's a worldwide problem... we'll be glad to entertain suggestions on who we should invade first.
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From something I copied and pasted, I closed the link before I could credit them:
Barney Frank, who is openly gay, had a past romantic relationship with Herb Moses, an executive for Fannie Mae. Barney Frank’s involvement was alleged to have persuaded him to cook the books (finance accounts) for Fannie Mae.
The Washington Post reported this story in its Reliable Source column in July 3, 1998. By the time the story broke in The Washington Post, the newspaper admitted that Barney Frank and Herb Moses had broken up. However, this was conflicting as Barney Frank was heard referring to Herb Moses as his “spouse.” Another report from the same newspaper said Barney Frank called Herb Moses as his “lover”. The two men had remained friends despite the said breakup. The romantic affair ended around 1998, ten years ago.
Barney Frank is accused of misleading the officials about the finance situation in Fannie Mae because his friend ( or spouse/lover) Herb Moses was a top executive in the mortgage firm. Herb Moses left Fannie Mae in 1998 and ended his relationship with Barney Frank at around the same time.
According to Google, you got it from here (which would have been easy for you to search for after you closed the tab, although I don't blame you for not citing 'celebgalz.com')
They, in turn, got it from here, a website devoted to 'advancing the culture of free enterprise in America!', which grinds its axe so very loudly that you can be forgiven for viewing the second-hand cut-and-paste from celebgalz.com as being preferable.
Out of curiosity, though, do you usually get your news from celebgalz.com :P?
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Just goes to show you what a "global" market brings to the table :O
The question is... will P.R.C. come to the rescue? :uhoh
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the ones who voted no-- 75% are up for re-election with about 300 emails an hour telling them they lost a vote if vote yes.
Someone should shove a grapefruit in Pelosi's mouth - what an ijot to say that
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I don't think ya'll are really paying attention. There was more working against the package than just Pelosi's speech.
1. The placing of unprecedented power into the hands of the Secretary of the Treasury, with no Congressional oversight. This is a recipe for the growth of graft and cronyism.
2. The nationalization of our lending institutions, with the aforementioned Secretary holding the reins of power.
3. Republican Congressmen responding to the wishes of their constituents, who were absolutely livid about the bailout. E-mails to these congressmen were running 80 to 1 against.
4. The arrogant approach of Paulson in his negotiations with the Republicans. The former chairman of Goldman Sachs, an institution that got an 85 billion dollar "gift" largely because of his influence, has motives that are highly suspect.
Aye, I think we're on the same page with all 4 of those points, especially point 4. I view this as some eyes having the wool *finally* removed after eight years of duping.
Actually, the Democratic congressman were also taking vast amounts of heat about the proposal as is. Many Dems voted against it for fear of being tarred and feathered in their home districts because of point 1 and point 4 coupled with the notion we were rewarding the weasels that were playing the finance system like Vegas.
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And to think this could have been dealt with 4 years ago...
http://www.youtube.com/watch?v=6Rg3LcSNylA
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It's funny, yesterday mcain and bama are trying to take credit, today they are pointing the finger at each other.
mcain says bama used partisan politics to bring the dem party to block the measure, and then says now is not the time to place blame
boy oh boy, the old fool with the nitwit airhead vp, or the liberal with the 'i'm gonna get you whitey' wife
cod help us
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decisions, decisions.
(http://kara.allthingsd.com/files/2008/05/guillotine.gif)
(http://z.about.com/d/civilliberty/1/0/l/-/-/-/chamber.jpg)
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Dem's have got the numbers on their side. If they put up something worth a darn, it'll pass with or without the Rep's.
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In this age of information its inexcusable that you can't find a reliable source. That's what makes spin so ridiculous. The facts are out there. You just can't be lazy and have others look for them for you. Do you know which Democrats voted against this bill? Do you know their committee assignments? Don't call anyone a "fool" until you do.
Can you read a list of threads in the O'Club? There is one praising Republicans for blocking and one condeming Democrats for blocking. Fool.
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<Chinese accent>
you get choice!
<Chinese accent>
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LOL Hangtime... RPM is correct though, this story is being spun more ways than a pair of dice in a backalley crap game. Fact is, without the 95 or so Democrats who actually listened to their constituents, and voted accordingly, there was no stopping this by Republican vote alone.
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Gawd history tells us that the best way to come out of a depression is a good old fashioned global war!
If you guys stop this now we'll never get to play! :cry
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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
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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?
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I say bring back the gold standard!
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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.
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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.
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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.
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crockit, 93 democrats voted against the bill. Where is your outrage?
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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.
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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.
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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.
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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... :lol
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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".
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Just another Dem blame game plan that backfired and blew up in their face... :lol
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.
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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... :aok
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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?
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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.
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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.
Probably why I don't have a problem... I rejected this concept when I started my business. I don't have an accounts payable.. I pay up front all orders for materials and I refuse to ship before being paid. I get requests to ship on 'Purchase Order', my response is always the same.. 'If you want a loan, go to a bank'. I've missed some business by being a cranky old dick, but the business I do get, is good profit and materials used are covered before the finished product ships. Has left me 'liquid' instead of 'leveraged' and I own everything I can see...
I sleep better at night too.
I can't imagine what kinda deep doggie doo I'd be in if I had product out and was awaiting payment from companies falling into receivership in this crisis...
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But you make it so easy... :aok
Funny how yesterday you guys were all yipping and yaying about your Republican's voting down this bill. When I mention yesterday asking I wonder how long it will take for you guys to start blaming the Democrats once it starts going bad. All you guys jumped on me asking why couldn't I just be bipartisan.
lol well I guess it didn't take so long for you guys to start blaming Democrats for it not passing now did it. Not even 24 hours later and you guys go from praising your Republican hero's to blaming Democrats. :rofl :rofl :rofl
If Obama gets elected I'm going to make "Blame Obama" T-shirts and bumper stickers.. I bet I'll be a millionaire just from the O'club.. :lol
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I can't imagine what kinda deep doggie doo I'd be in if I had product out and was awaiting payment from companies falling into receivership in this crisis...
You would be begging for a taxpayer bailout like all the others.
"Do it for the children"!
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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.
How far back does it have to go since it never ending,
The Dems had the vote, but chose not too, Pelosi speach, the budget, the market, the war, its endless, where does it stop? The blame game continues,,,,, everything is someone elses fault but their own unless they can find some benefit to claim it as their own, even then it usually has something to do with republicans. Its as simple as that.
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I bet I'll be a millionaire just from the O'club.. :lol
Go find a window and look outside, at the real world. Remember it is there for you, so dont forget to use it, from time to time.
:O
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Funny how yesterday you guys were all yipping and yaying about your Republican's voting down this bill. When I mention yesterday asking I wonder how long it will take for you guys to start blaming the Democrats once it starts going bad. All you guys jumped on me asking why couldn't I just be bipartisan.
lol well I guess it didn't take so long for you guys to start blaming Democrats for it not passing now did it. Not even 24 hours later and you guys go from praising your Republican hero's to blaming Democrats. :rofl :rofl :rofl
If Obama gets elected I'm going to make "Blame Obama" T-shirts and bumper stickers.. I bet I'll be a millionaire just from the O'club.. :lol
Please don't misunderstand me. I'm GLAD it didn't pass, and I don't care WHO voted against it. The market will correct itself.
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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.
Bush is closer to being a Democrat than he is a Republican. He's just more hawkish than most Democrats, as well is his opposition to a select few social programs, stem cell (harvested from fetus) research, and abortion. He's not really all that hawkish for a Republican, and he's nowhere near fiscally conservative enough, otherwise the bailout bill wouldn't have looked like it did.
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I disagree if you mean this as some kind of universal rule of how a congressman should vote.
I suppose you prefer to let your elected representative think for you. That's your choice. But it is not mine, nor is it how the Founding Fathers intended it to work.
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You would be begging for a taxpayer bailout like all the others.
"Do it for the children"!
The children.. is why I refused to leverage. I don't even take out car loans. I hate debt. I find it an insult.. part of being raised by folks that thought the same way. I got deep in a hole on my kids medical bills.. I found it intolerable. When my daughter got married my wife wanted to do the big wedding... I told her to do it we'd have to sell the house to clear the bills and cover the 20 grand the wedding would cost... but I would not go deeper in the hole for a party.
We sold the house.
Thank god!
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Please don't misunderstand me. I'm GLAD it didn't pass, and I don't care WHO voted against it. The market will correct itself.
I completely agree with your statement, however the first thing that happened when it failed was the Dem throwing blame that it didnt onto Rep. What a bunch of mooroons.
I for one dont want it to pass for many reasons, but the Dems had that oppurtunity to get what they wanted and they voted against it themselves, for once they sided with common sense.
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I suppose you prefer to let your elected representative think for you. That's your choice. But it is not mine, nor is it how the Founding Fathers intended it to work.
No, I just hope they'll also protect me if I'm in the minority, and exercise some independent judgment when the majority is wrong. If the majority hates their decision that much they can vote them out of office.
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I completely agree with your statement, however the first thing that happened when it failed was the Dem throwing blame that it didnt onto Rep. What a bunch of mooroons.
I for one dont want it to pass for many reasons, but the Dems had that oppurtunity to get what they wanted and they voted against it themselves, for once they sided with common sense.
The question I want answered, and the question that all the lefties here are dodging, is why didn't Barney and co think that regulation was a good idea when the evil BOOOSH proposed it five years ago?
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The question I want answered, and the question that all the lefties here are dodging, is why didn't Barney and co think that regulation was a good idea when the evil BOOOSH proposed it five years ago?
I got an answer, It wansnt the idea of the Dems...... :lol :lol
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I completely agree with your statement, however the first thing that happened when it failed was the Dem throwing blame that it didnt onto Rep. What a bunch of mooroons.
Hrmmmmm.... Ironic post considering the title of this thread "Pelosi Spoils the deal!" Sounds to me like the dems are getting blamed. hehehee :lol
I kiiid I kiiiiiiid
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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.
are you saying that the democrats don't want to "save the country"? Is that why 93 democrats voted against the bill they had agreed to?