|
|
May 25, 2013
|
|
Bailout Bill Skates Through SenatePosted on Oct 1, 2008
Well, that was easy: While the House had to contend with round-the-clock negotiations and a last-minute revolt, the Senate just threw more money at the problem. That was enough for 74 lawmakers to say yes to the $810-billion package. The House will take another crack at it on Friday.
Advertisement New and Improved CommentsIf you have trouble leaving a comment, review this help page. Still having problems? Let us know. If you find yourself moderated, take a moment to review our comment policy. |
By Peter Belavari, November 23, 2009 at 12:33 pm Link to this comment
(Unregistered commenter)
Dear Mr. Deco!
I write what he did to me
everywhere, wherever I see the name
Good for you
Peter
Report thisBy KDelphi, February 8, 2009 at 1:01 pm Link to this comment
If both Houses had listened to Sen Sanders, Reps Kucinich, Kaptur, DeFazio, Sherman, or Ralph Nader, we wouldnt be doing this stupid song and dance about caps on CEOS pay, at 10 x the median! It should also be retroactive..
The amounts spent, so far, of the Bailout is at bailoutsleuth.org
Thanks, purplewolf for TARP info. Did anyone really apply yet?
Report thisBy purplewolf, February 8, 2009 at 9:47 am Link to this comment
To those interested Rachael Maddow stated that the TARP fund applications were listed on the Internet and only 2 pages long. Compared to the number of pages for those of us who apply for a loan which is like 50 pages long and your first born as collateral.
Report thisBy Leefeller, February 7, 2009 at 8:28 pm Link to this comment
Dear Dr.
Thank you for my application, it is exciting to know that I too, can participate in the bailout. You know I will use is wisely and buy that BMW I been wanting for some time now.
Full Name: Leefeller Guy
Contact Address:TruthDig
Phone: cannot afford one until after the loan
Country: Used to be U.S.A.
Amount Needed as Loan: More than I would ever dream of.
Loan Duration: You mean I have to pay it back?
Sex Yes
Dr Deco Danty
Managing Director
(C.E.O) (hope they did not limit your income?)
Leefeller Guy
Report thisBy Dr Deco Danty, February 7, 2009 at 9:03 am Link to this comment
(Unregistered commenter)
DECO MACRO FINANCE
Plot 945 Cicily Layout Torino Italy
MOTTO: your well being is our watchward.
Tell : +393401672910
Email : .(JavaScript must be enabled to view this email address)
========================================
Report thisDear Friend,
This is to notify the general public that Dr Deco Danty Based in Italy has opened an opportunity to every one in need of financial help.
It is my great honor to communicate with you. I know you will be astonished on how I got your email address. I got it on the National Ecommerce Directory during my private search looking for a reliable and capable partner to do this transaction with.
we give out loan to individuals,firms and companies under a clear and understandable terms and conditions.
Kindly fill the application form below and contact us for more
information via (deco_macrofinance@hotmail)
Full Name:
Contact Address:
Phone:
Country:
Amount Needed as Loan:
Loan Duration:
Sex
Dr Deco Danty
Managing Director
(C.E.O)
By Leefeller, October 2, 2008 at 2:37 pm Link to this comment
Lumping the Senate as one is a mistake, you should check out Sen. Bernie Sanders comments he voted no and this is his floor speech. FYI:
http://www.truthout.org/100208J
Report thisBy purplewolf, October 2, 2008 at 2:34 pm Link to this comment
Leefeller and Lichen, I cannot take credit for the article, it is one my daughter sent to me, that is why I posted “Just in”, hence “The Dave Plan” and I believe Dave Barry, former newspaper columnist wrote it, sounds like him anyway. I thought it was great and decided to share it with others, as I know we all could put that money to a much better use that how it is being done now. To bad those elected PTB don’t read this and instead of rewarding the original thieves, decide instead to do as this article has suggested. I also have heard there will be even less regulation than before, so how do these idiots who make this decision think that this will help. It won’t, it will only get worse I am afraid.
Report thisBy lichen, October 2, 2008 at 2:00 pm Link to this comment
Purplewolf, I love your bailout plan! It would revitalize this country and redistribute wealth in such an amazing way; to, indeed, finally let everyone benefit from this being ‘the richest country in the world.’ In fact, it makes me just so much more mad about all of this money going to buying fraudulent assets from the casino capitalists!
Thank you!
Report thisBy Leefeller, October 2, 2008 at 1:23 pm Link to this comment
Purplewolf,
As interesting proposal, I believe Tao Walkers is much more feasible and better for the essence of being. If money is the root of all evil, then what would be become?
Report thisBy purplewolf, October 2, 2008 at 1:09 pm Link to this comment
PAGE 2
As for AIG-liquidate it.
Sell off its parts.
Let American General go back to being American
General.
Sell off the real estate.
Let the private sector bargain hunters cut it up and
clean it up.
Here’s my rationale. We deserve it and AIG doesn’t.
Sure it’s a crazy idea that can “never work.”
But can you imagine the Coast-to-Coast Block Party!
How do you spell Economic Boom?
I trust my fellow adult Americans to know how to use
the $85 Billion We Deserve It Dividend more than I
do the geniuses at AIG or in Washington DC.
And remember, The Dave plan only really costs $59.5
Billion because $ 25.5 Billion is returned instantly
in taxes to Uncle Sam.
Ahhh…I feel so much better getting that off my
chest.
P.S. Feel free to pass this along to your pals as
it’s either good for a laugh or a tear or a very
sobering thought on how to best use $ 85 Billion!!!!
Report thisBy Jeff Foster, October 2, 2008 at 1:09 pm Link to this comment
(Unregistered commenter)
I must echo KDelphi’s insight. Sander’s amendment at least had some measure of accountability for the fat-cats that collectively raped us.
On a side note:
Did you notice how many of the (R)‘s were wearing blue ties and incessantly repeating the word “bipartisan”? It was like fans of a losing football team doing this weird crab-walk to the other side of the stadium.
Report thisBy purplewolf, October 2, 2008 at 1:09 pm Link to this comment
PAGE 1
Just in:
I’m against the $85,000,000,000.00 bailout of AIG.
Instead, I’m in favor of giving $85,000,000,000.00
to America in a “WE DESERVE IT DIVIDEND.”
To make the math simple, let’s assume there are
200,000,000 bonafide U.S.Citizens 18+.
Our population is about 301,000,000+/- counting
every man,woman and child.
So 200,000,000 might be a fair stab at adults 18 and
up. So divide 200 million adults 18+ into $85
billion that equals $425,000.00.
My plan is to give $425,000 to every person 18+ as
a “WE DESERVE IT DIVIDEND”.
Of course, it would NOT be tax free.
So let’s assume a tax rate of 30%.
Every individual 18+ has to pay $127,000.00 in
taxes.
That sends $25,500,000 right back to Uncle Sam.
But it means that every adult 18+ has $297,000.000
their pocket.
A husband and wife has $595,000.00.
WHAT WOULD YOU DO WITH $297,000.00 TO $595,000.00 IN
YOUR FAMILY?
Pay off your mortgage-housing crisis solved.
Repay college loans-what a great boost to new grads.
Put away money for college-it’ll be there.
Save in a bank-create money to loan entrepreneurs.
Buy a new car-create jobs.
Invest in the market-capitol drives growth.
Pay for your parent’s medical insurance-health care
improves.
Enable Deadbeat Dads(Moms) to come clean-or else.
Remember this is for every adult U.S. Citizen 18+
including the folks who lost their jobs at Lehman
Brothers and every other company that is cutting
back. And of course, for those serving in our Armed
Forces.
If we’re going to re-distribute wealth, let’s really
do it…instead of trickling out a puny $1,000.00
(“vote buy”)economic incentive that is being
proposed by one of our candidates for President.
If we’re going to do an $85 billion bailout, let’s
bail out every adult U.S. Citizen 18+!
Report thisBy Blackspeare, October 2, 2008 at 12:34 pm Link to this comment
Well how do you like that——$700 billion is now $810 billion——what happened? Oh, of course I forgot about the 15% tip——how silly of me!
It appears that the financial rescue legislation is full of earmarks——now lets see what McCain says and does.
Report thisBy Leefeller, October 2, 2008 at 10:43 am Link to this comment
If you believe Bush has promoted this handout bill because of his compassion for the people, I can sell you a bridge to no where.
This sky is falling we need it yesterday crap is what politicians love, do the fear dance and scare the hell out of e people so they will follow along with the flag stuffed up their collective arses.
Pace a piece of shit bill, because if you do not the world as Wall Street knows it will end.
Thanks for not listening to the people Senate, why would anyone think otherwise of you?
FYI: http://wwww.inthesetimes.com/article/3948/turning_a_wall_street_giveaway_into_a_rescue_for_all_americans
Report thisBy Big B, October 2, 2008 at 10:34 am Link to this comment
we should think about what felicity said.
How do we know that this is just not the big score for the bushies before they leave power.
They have lied to the american people countless times. The one question that is not being asked by the media(of course) is “why should we believe you now, chicken little?”
This whole thing just may be GW’s final “fuck you” on his way out the door.
Report thisBy KDelphi, October 2, 2008 at 9:50 am Link to this comment
They could have, at the very least, voted on Sander’s Amendment.
There were many other ways to structure this, but the Dems are to addicted to the money they get from Wall St., K St. , etc.
Report thisBy felicity, October 2, 2008 at 9:38 am Link to this comment
Yes, it stinks. But the fact is that we the people have been feeding off the table scraps of the very rich for many, many years. (I’m continually amazed that very few people seem to realize this.) The second ugly fact is if the government doesn’t uncrunch the present credit crunch, we will more likely than not experience a severe shortage of even table scraps.
Maybe the whole thing is a lie, a ruse, just one more gimmicky plot to enrich the already obscenely rich. (Maybe global warming is a lie, but are we really willing to chance a slow death on a dying planet to find out.)
Report thisBy Eric L. Prentis, October 2, 2008 at 8:19 am Link to this comment
(Unregistered commenter)
Sen. Majority leader Harry Reid, aided by Sen. Christopher Dodd and Sen. Chuck Schumer, heads the most compliant Congress that Wall Street money can buy. In passing the terrible financial bailout bill, Senate members have swallowed the hooey that Paulson and Bernanke are pushing. They think that doing anything quickly and getting the issue behind them will stop political criticism. Instead, they are taking the wrong action and this will make the economy worse. Do what the people elect you for, act like a deliberative body and hold hearings on this subject rather than letting yourselves be bum rushed to a bad decision.
Report thisBy Fahrenheit 451, October 2, 2008 at 6:13 am Link to this comment
The Hopi have a word for us; Koyaanistqatsi
A system out of balance; see the movie!
Report thisBy Mudbones, October 2, 2008 at 6:06 am Link to this comment
What oversight was built into the package? I heard on NPR this morning that a private company will oversee the money/assets. Talk about the fox guarding the hen house. Someone will be buying this crap dirt cheap from us the tax payer and then selling it at a major profit. We needed a fix but if there is no accountability we’re in the tank.
Report thisBy Leefeller, October 2, 2008 at 1:47 am Link to this comment
Little know goodies in the bailout bill, are something about wooden arrows for kids, and the newer better political high colonic for the voters .
Report thisBy Oceana, October 1, 2008 at 10:09 pm Link to this comment
RE: Drugs War and Oil Peter Dale Scott’s book, a must read! NO BAILOUT – INVESTIGATE THEN INSTALL SOUND REFORMS
We each have different thoughts on the path that should be taken in this time that the “chickens have come home to roost”. I want to forward these thoughts presenting a few alternatives that I think should be put back in place. There are other ways to handle this situation rather than handing over the money to the very foxes who are in the hen house…they were not responsible before and they will not be now nor in the future, unless safeguards are put back in place. A little side note: President G. Bush never ran a successful business. Each business that he owned had to be “bailed out” by his father’s friends.
We can refer back to previous times and re-enact what was put in place then – reduces crisis mode. We actually have a sound model to refer to that worked! (Also consider reading – The Shock Doctrine – Naomi Klein. They want to create the crisis so things get passed before people can think about the consequences. http://www.naomiklein.org/main)
We can utilize the program similar to the time during the savings and loan crisis and then continue to implement sound reforms.
We need to set in place fiscally sound boundaries, those same boundaries that have been removed over these past 30+ years and then make the Federal Reserve responsible to the government – we need to break the banking cabal, i.e. Federal Reserve.
The so-called “bailout” of the Wall Street thieves tomorrow (Monday) will:
a) NOT work, and
b) Cost us $700 Billion dollars (actually, when added to the funds already spent so far, will actually be over $1 Trillion.)
If this folly continues, there are those who say we are very soon about to enter into a serious hyper-inflationary period, very similar to pre-Nazi Germany. It is said that the economy is about to crash because of what these fools have been doing. Whether by design or not, as a few profited from the Great Depression there are those who are currently profiting. Many insiders in Wall Street removed their money from their own private safe fund as reported in The New York Times last week. They moved it in time and will profit by another’s loss. (This should be investigated.)
There is a better way than feeding the thieves, the addicts, who want more money, our money that they have not earned and will continue to spend irresponsibly:
a) Make the Federal Reserve accountable to government – end the banking cabal!
b) Bring back the Glass-Steagall bank regulations which were enacted in FDR’s time, which make the banks either be commercial or investment houses – not both. They have been chipping away at this regulation for decades, and in 1999 finally got rid of it. It needs to be restored!
c) Quickly pass “Homeowners and Bank Protection Act (HBPA)” which will freeze assets and protect homeowners from getting kicked out of their homes, and make legitimate chartered banks which were not engaging in shenanigans.
d) Restore FDR’s policies which will get rid of the crazy speculators and return industry, creativity, health, and economic welfare to our country.
e) Return to (a new form of) Bretton-Woods – fixed international exchange rates based not on speculation, but on actual industrial output.
To get to the core problem to resolve a real problem, please read the referenced book.
Oceana (Nastasja)
Report thisBy Oceana, October 1, 2008 at 9:39 pm Link to this comment
Please read Peter Dale Scott’s Book: Drugs War and Oil….the pieces of the puzzle continue to fall into place. Until we understand the core issue that needs to be corrected, changed, fought against, we will continue on a downward spiral.
If there is any book that one should read to get to the core issue that needs to be resolved, it is this book! I read this book some years back and it took the mystery out of our modern state of affairs. To be honest, I was left with one question: Who rules this $700 billion that can take any government down? What could cause Senator Kerry and Senator Gore to retreat to their corner without a sound when they both knew they had legitimate reasons to fight back?
http://lobster-magazine.co.uk/articles/global-drug.htm
The Global Drug Meta-Group: Drugs, Managed Violence and the Russian 9-11
07-01-2007
The amount of profit generated annually by the drug trade is probably one of the most closely guarded secrets in the world. The round off figure is somewhere around $700 billion in tax free cash flow per year. In fact, drug money as Michael Ruppert has shown in his best selling book Crossing the Rubicon “is now an essential part of the world banking and financial system because it provides the liquid cash necessary to make the “minimum monthly payments” on huge stock and derivative and investment bubbles in the U.S. and Britain.”
Dr. Peter Dale Scott is a Canadian intellectual from Montreal. I have been an admirer of Dr. Scott´s work for a number of years now and his extremely well researched article on the meshing of drugs and politics and finance and international relations will leave a few scratching their heads and wondering what kind of a world we are living in? It will also help to explain the relationships between Afghanistas, 9-11, Halliburton, Kosovo, extremism, terrorism, drugs, violence and the Mafias. (Daniel Estulin)
Read Article
Nastasja
Report thisBy Oceana, October 1, 2008 at 9:32 pm Link to this comment
Please read Peter Dale Scott’s Book: Drugs War and Oil….the pieces of the puzzle continue to fall into place. Until we understand the core issue that needs to be corrected, changed, fought against, we will continue on a downward spiral.
If there is any book that one should read to get to the core issue that needs to be resolved, it is this book! I read this book some years back and it took the mystery out of our modern state of affairs. To be honest, I was left with one question: Who rules this $7 Billion that can take any government down? What could cause Senator Kerry and Senator Gore to retreat to their corner without a sound when they both knew they had legitimate reasons to fight back?
http://lobster-magazine.co.uk/articles/global-drug.htm
The Global Drug Meta-Group: Drugs, Managed Violence and the Russian 9-11
07-01-2007
The amount of profit generated annually by the drug trade is probably one of the most closely guarded secrets in the world. The round off figure is somewhere around $700 billion in tax free cash flow per year. In fact, drug money as Michael Ruppert has shown in his best selling book Crossing the Rubicon “is now an essential part of the world banking and financial system because it provides the liquid cash necessary to make the “minimum monthly payments” on huge stock and derivative and investment bubbles in the U.S. and Britain.”
Dr. Peter Dale Scott is a Canadian intellectual from Montreal. I have been an admirer of Dr. Scott´s work for a number of years now and his extremely well researched article on the meshing of drugs and politics and finance and international relations will leave a few scratching their heads and wondering what kind of a world we are living in? It will also help to explain the relationships between Afghanistas, 9-11, Halliburton, Kosovo, extremism, terrorism, drugs, violence and the Mafias. (Daniel Estulin)
Read Article
Report thisNastasja
By sophie, October 1, 2008 at 9:27 pm Link to this comment
What just passed the Senate should more appropriately be called “The Pigeon Drop” ....
H/T commenter at The Big Picture Blog
Report thisBy troublesum, October 1, 2008 at 9:25 pm Link to this comment
I can’t believe that Obama actually said, “We’re all in this together.” He loves adding insult to injury.
Report thisBy troublesum, October 1, 2008 at 9:19 pm Link to this comment
Make no mistake about it, this was a democratic bill that passed the senate.
Report thisBy troublesum, October 1, 2008 at 9:16 pm Link to this comment
The least people can do is to start recall petitions against the democratic senators who voted for the bailout. Their public be damned attitude should not be tolerated.
Report thisBy Don Stivers, October 1, 2008 at 8:40 pm Link to this comment
The majority in the Senate who voted for the bailout.
You are crooks and pukes. You have NOT listened to the public. Mixing a little artificial vanilla flavoring does NOT make the cod liver oil go down! And it wasn’t even artificial vanilla. You just added more of a burden on. YOU POMPOUS ASSH—ES. ALL OF YOU. You and your private retirement funds and medical coverage for “SERVING” the public. WE are the ones serving YOU and not voluntarily.
Report thisBy Nastasja, October 1, 2008 at 8:29 pm Link to this comment
(Unregistered commenter)
No bailout, investigate and implement reforms!
The only vote that causes me to pause with my decision for no bailout is Senator Byrd. I need to hear his reasons why he voted yes because he is usually the voice in the wilderness.
This bailout plan provides no “safety net” and no changes to prevent Paulsen and company from spending at will, recklessly, other people’s money while making sure that his pockets and his friend’s pockets remain full. Nothing is changed - no safeguards against these foxes in the hen house who have no sense of restraint - pure addicts - pure irresponsible spoiled children - a group of thieves who hold countries hostage.
It is disgusting and perverted.
Yesterday while driving to work, on Melrose Avenue, a mature woman (70’s+) nicely dressed had her suitcase in tow. I AM embarrassed to be an American when I see this! Such wealth by Paulsen and company (including banker’s exit packages of failed banks, while our senior citizens and others are thrown out of apartments with no place to go but outside with a suitcase in hand. Middle class Santa Barbara citizens are sleeping in their cars in “protected” parking lots due to no jobs, home/apartment loss, .... we should be ashamed - truly ashamed - we are collectively responsible for this position we find ourselves in.
Nastasja
Report thisBy Outraged, October 1, 2008 at 8:01 pm Link to this comment
How did your senator vote:
From congress.org
Alphabetical by Senator Name Akaka (D-HI), Yea
Alexander (R-TN), Yea
Allard (R-CO), Nay
Barrasso (R-WY), Nay
Baucus (D-MT), Yea
Bayh (D-IN), Yea
Bennett (R-UT), Yea
Biden (D-DE), Yea
Bingaman (D-NM), Yea
Bond (R-MO), Yea
Boxer (D-CA), Yea
Brown (D-OH), Yea
Brownback (R-KS), Nay
Bunning (R-KY), Nay
Burr (R-NC), Yea
Byrd (D-WV), Yea
Cantwell (D-WA), Nay
Cardin (D-MD), Yea
Carper (D-DE), Yea
Casey (D-PA), Yea
Chambliss (R-GA), Yea
Clinton (D-NY), Yea
Coburn (R-OK), Yea
Cochran (R-MS), Nay
Coleman (R-MN), Yea
Collins (R-ME), Yea
Conrad (D-ND), Yea
Corker (R-TN), Yea
Cornyn (R-TX), Yea
Craig (R-ID), Yea
Crapo (R-ID), Nay
DeMint (R-SC), Nay
Dodd (D-CT), Yea
Dole (R-NC), Nay
Domenici (R-NM), Yea
Dorgan (D-ND), Nay
Durbin (D-IL), Yea
Ensign (R-NV), Yea
Enzi (R-WY), Nay
Feingold (D-WI), Nay
Feinstein (D-CA), Yea
Graham (R-SC), Yea
Grassley (R-IA), Yea
Gregg (R-NH), Yea
Hagel (R-NE), Yea
Harkin (D-IA), Yea
Hatch (R-UT), Yea
Hutchison (R-TX), Yea
Inhofe (R-OK), Nay
Inouye (D-HI), Yea
Isakson (R-GA), Yea
Johnson (D-SD), Nay
Kennedy (D-MA), Not Voting
Kerry (D-MA), Yea
Klobuchar (D-MN), Yea
Kohl (D-WI), Yea
Kyl (R-AZ), Yea
Landrieu (D-LA), Nay
Lautenberg (D-NJ), Yea
Leahy (D-VT), Yea
Levin (D-MI), Yea
Lieberman (ID-CT), Yea
Lincoln (D-AR), Yea
Lugar (R-IN), Yea
Martinez (R-FL), Yea
McCain (R-AZ), Yea
McCaskill (D-MO), Yea
McConnell (R-KY), Yea
Menendez (D-NJ), Yea
Mikulski (D-MD), Yea
Murkowski (R-AK), Yea
Murray (D-WA), Yea
Nelson (D-FL), Nay
Nelson (D-NE), Yea
Obama (D-IL), Yea
Pryor (D-AR), Yea
Reed (D-RI), Yea
Reid (D-NV), Yea
Roberts (R-KS), Nay
Rockefeller (D-WV), Yea
Salazar (D-CO), Yea
Sanders (I-VT), Nay
Schumer (D-NY), Yea
Sessions (R-AL), Nay
Shelby (R-AL), Nay
Smith (R-OR), Yea
Snowe (R-ME), Yea
Specter (R-PA), Yea
Stabenow (D-MI), Nay
Stevens (R-AK), Yea
Sununu (R-NH), Yea
Tester (D-MT), Nay
Thune (R-SD), Yea
Vitter (R-LA), Nay
Voinovich (R-OH), Yea
Warner (R-VA), Yea
Webb (D-VA), Yea
Whitehouse (D-RI), Yea
Wicker (R-MS), Nay
Wyden (D-OR), Nay
http://www.senate.gov/legislative/LIS/roll_call_lists/ roll_call_vote_cfm.cfm?congress=110&session=2&vote;= 00212
Let your senators know how you feel about their vote, and re-contact your House members since it now goes back to the house. Is anyone having deja vu…? This is the same way they played the FISA vote…. CROOKS.
Report this