Not to give paulie one iota of excuse but everybody better take into consideration pelosi’s part in this. From what I read she voted for it both times even though she came out with a speech on the first vote that was defeated that SEEMED to speak for the people and for holding irresponsible and criminal financiers accountable for their parts in this economic disaster, but now she and reid are in favor of bailing out those worthless american car companies for their destructive corporate dealings. Too bad the constitution only works for those that financially benefit, but not for the people for whom it was drafted, written, and voted into the supreme rules and laws of our republic’s democracy.
Paulie may be out after 1.20.2009, but bitch pelosi will hang on to the speaker chair till hell freezes over just like a good republican would. And there will be little good to look forward to because her interests lay with the corporations and military, thus expect the status quo. This is one dangerous woman to have as speaker of the house, hell, she has proved that be accepting w and dick’s criminal behavior.

One British comedian described the “bailout” package as the government giving taxpayers’ money to banks so that the banks could lend it back to the taxpayers and charge them interest.

About changing strategy (if he had one in the first place, besides giving his friends a chunk of dough), Paulson should shop that idea to Bush instead of his insane “stay the course” wars.

But Paulson should be ashamed of himself for ripping off John Maynard Keynes’ quotation. Keynes would be spinning in his grave if he knew this crook was using his thoughts as a justification of his incompetence.

“Years ago, when the British economist John Maynard Keynes was criticized for changing his views (on government intervention in markets), he replied “When the facts change, I change my mind. What do you do, sir?”

http://www.theworld.org/?q=node/19517

This guy should leave asap! His double-talking and not talking clear (as noted on CNN this morning) should be noted the he may be trying to save his job and future.

He PRE Wrote his 2 1/2 pg Extortive Ransom Note 6 MONTHS ago..He KNEW it was beginning to meltdown and did NOTHING!!!!
This is FORESIGHT,FORETHOUGHT AND MALICE,...TREASON!!!!
He, Beneke and the other High Crimes Embezzlers should be facin Capital Punishment- No Pardons, No commutations, No appeals, NO F*CKIG MERCY!!!
Within the last syllable of the Oath of Office on 1-20-09 every single one of the thousands of Criminals should be arrested, Tortured and held in dark cold cells to await their executions- No Trial is necessary the evidence is Well documented and the effects of their crimes is felt by every American- infact around the world! It’s not just Treason, but War crimes and Crimes against Humanity.
I’m not an advocate for Capital Punishment, but in these particualr cases I can Justify it very easily…there isn’t just blood on their hands, they are drenched in it!
I’m also not a big believer in Hell but for these vile, scourage I Pray there is!

It should be clear to everyone that Paulson doesn’t know what he is doing. That he’s floundering in deep water over his head.

The idea of providing more money to those credit card banks, so they create more debt for people who can no longer carry any more debt, borders on the surreal.

There are some simple steps he could take to make things better for the consumer, but his inaction on this front means that at heart he’s still playing the same old game.

Credit card reform and bankrucpy reform need to be revisited, lower the interest rate that people, yes people pay on their cards, and find a reasonable way for real American’s to restructure their debt, that would be a much more practicle solution.

At this point it looks like Paulson’s solution is part of the problem.

Paulson does not seem to inpsire confidence with his dire predictions and now he says that he made an error and the money has to go somewhere else. He needs to go away. No more money should be spent until the next administration takes over.

THE BABYSITTER DROPPED PAULSON ON HIS HEAD WHEN HE WAS A CHILD…That CAN BE THE ONLY EXCUSE FOR HIS “TAKE” on the ECONOMICS SITUATION…..I’m OLD but EVEN I CAN SEE…..NO JOBS=NO WAGES=NO MONEY TO PAY FOR….ANYTHING…..THEY [gubmint] CAN LOAN ALL THE $$$$ THEY WANT TO LOAN…IF WE DO NOT HAVE JOBS-WE CANNOT REPAY LOANS…..ergo…..MORE DEBT=MORE HOME LOSSES=LESS HEALTHY PEOPLE TO KEEP THE RICH IN THE MANNER THEY HAVE BECOME ACCUSTOMED TO…[and less taxes to keep the POOR in the manner they have become accustomed to-YOU KNOW WHO YOU ARE]-apologies to my friends who CANNOT WORK BUT STILL DO NOT QUALIFY FOR HELP…This SYSTEM SUCKS…....

Oh NO!! Not this time, not again. Even if I have this feeling because “WOLF” was called to many times. I smell a RAT, in fact a whole lot of RATS. Like I thought it would happen. Friends taking care of friends while they still can. Oversight, I don’t know who can oversee this bunch, so I’m calling this off now. I want a bailout. I want to be bailed out of this administration, not in 60 some days, NOW. Shame on us for running scared. Shame on us for being duped again. We knew better. I listened when they said Paulson would know, be patient it will take some time, all will get better in time. Silly me, I thought they meant for me. They change the rules as they see fit, always have and always would. I may be middle-class, barely, but I have more class than those who have no regard for the people who can least make sacrifices to bail these carpetbaggers out of their “playtime” mistakes. I don’t care if the original agenda is now said to be the wrong direction, we agreed to that direction, those rules, and that is what I want, nothing more, except those current idiots as far away from control of my bailout money. Give me someone from the past administrations if need be. Someone successful. I want them to be successful again, but if this can’t be done, at least I go down with someone I can trust. God help this administration, these white-collar criminals who have disrupted my world. Justice is my only revenge, with a state of poverty for them and their families, since this would be the only justice they might understand that would hurt.

I don’t know much about economy- all I know is that money is the root of all debt. )  And financial nomenclature is greek in my eyes. What the f*** does “to pump money into troubled banks in exchange for equity” means ?
  The problems was-and still is,the shortsighted and irresponsible actions by an elite within the system to create large profits (on paper only) and thereby get paid huge bonuses. This is the same problem that caused the dotcom and enron scandals.  What US needs is a supervisory agency like we have in the Nordic countries.
  A healthy financial system is more vital to US than all the carriers and armies you have-still you leave it in the hands of a few greedy and irresponsible CEO’s.

Strange.

U.S. Treasury Dept.: Exit vehicle of NEXT resort.

The hell with it, let all of the banks fail under their on weight

Force the survivors to compete on a well-regulated field

Takeover of all failing banks by the government and function as the United States Bank of America, gov.

Use the Fed, FDIC, US Controller, SEC Dir, GOA dir, CBO, Dept of Commerce, etc. to sit on the Bank’s board with congressional oversight and a commission to serve at the president’s recommendation and the Dept of Justice’s inspector general having full access, subpoena power; shared oversight and regulation by the individual state banking dept or state depts. or AG offices.

Enough with the CitiGroups and JP MorganChases.

Probably just means that they have assured the banks enough money to pay the ceo, manager bonuses, investor dividends. Now it is on to the american auto industry. Why not? They are a failure and deserve to be rewarded for their part in destroying this country, this economy with their slick marketing ploys to convience a vegged out population to buy a defective product. Hell, I guess as long as the money held out it was more exciting to purchase a brand new suv just because it needed and oil change.
Wonder how much of the $850,000,000,000.00 is left and if it will go to AIG or subsidize the weapons industry.

The facts are not what changed.  Paulson’s original idea was dumb from the beginning.