NinevehDinha's Blog

I think the Government waited this long on purpose! They waited so they could use the "Got to move now!" Ploy... Just like Iraq and weapons of mass destruction.

A metaphor would be the market collapse is a bus and the government watched it coming down the road straight for us... Instead of moving when they first seen the bus they wanted to wait so that they could push some sneaky reform through because of fear and its the very last moment to move...

The point is that the government had plenty of time to act, since the beginning of the year people have been talking about the economy crashing and the government kept lying through their teeth saying that all was well...

They wanted a short timetable so they could Sneak crooked legislation through... They wanted to wait until the last moment so everyone would be in a rush and not read the fine print.

So when it comes back to haunt us they will say "Gee you signed and supported didn't you read the fine print?"

Lame Political Ploy!!!

Wow! a $700,000,000,000 mistake. I wonder where it came from? Eleven zeros
Anybody who used these companies get the memo they were spending the country into ruin? No? Okay.
Any body check the pockets of a corporate bigwig maybe? No? Okay. Maybe they should make those rich guys poor, maybe swipe a few zeros off the top of some bank accounts.
Isn't that what they do if you miss a house payment? could they work Mcdonald's to make up the difference? Maybe a little public service, perhaps? No? I didn't think so.

Agreed: Yes, it is a socialistic move, and two days are not enough time and there should be no bailout, of course.

It's our money, not theirs, they don't have our permission to take it and give it to the banking business, who assuredly neither deserve it or are responsible enough to be trusted with it.

I listened today on CSPAN as senator after senator rejected the bailout. Of course I didn't hear all 100 senators. I hope part of that is because I tuned in when the debate seemed to be well under way. Some opposed the bailout unequivocally and without reserve. One read numerous e-mails from his middle class constituency all of which not only rejected this bailout but any kind of bailout. I hope there are enough responsible and sensible people in Congress to say a big "No" to this evil move from the administration.

Remember that the legislative branch is not the servant of the executive. It is a check and a balance against it.

Kudos to those who are truly representing the majority of the voters. I hope and pray that they will hold out tonight and not let a desire to go home and sleep pressure them into giving in. That would be infamous.

Yes, because any government action to influence a private enterprise is socialist. I do not believe the government should act to turn around an issue that began with ignorant private enterprise acting as it did with results that were predictable. Therefore, answers to the other two questions are null and void. Shame on them. The market has learned nothing of the experiences of the past to allow runaway financial trasnactions by people not qualified to engage in them. If that means the market fails, so be it. We'll build it again and watch it crumble again because we just do not learn. But government ought to stay out of the fray. Not their job and not with our money. We are too far in debt to continue this madness.