Read the Senate bailout bill here
Thanks to the Senate Conservatives Fund for posting the 451-page bailout behemoth here.
Crap sandwich redux.
Call your Senator: 202-224-3121.
***
A few of the earmarks stuffed in the bill:
- Film and Television Productions (Sec. 502)
- Wooden Arrows designed for use by children (Sec. 503)
- 6 page package of earmarks for litigants in the 1989 Exxon Valdez incident, Alaska (Sec. 504)
Tax earmark “extenders” in the bailout bill.
- Virgin Island and Puerto Rican Rum (Section 308)
- American Samoa (Sec. 309)
- Mine Rescue Teams (Sec. 310)
- Mine Safety Equipment (Sec. 311)
- Domestic Production Activities in Puerto Rico (Sec. 312)
- Indian Tribes (Sec. 314, 315)
- Railroads (Sec. 316)
- Auto Racing Tracks (317)
- District of Columbia (Sec. 322)
- Wool Research (Sec. 325)
***
Since Congress is having trouble receiving e-mails, I’ll be adding a bunch of your e-mails here.
Reader Bryan writes:
The bailout is just mopping the floor and even replacing some flooring after a leak; it does not fix the leak. The only way to fix the leak is to either abolish the Community Reinvestment Act or at least repeal the idiotic interpretation and expansion of the act under the Clinton administration (Janet Reno), whereby financial institutions were/are strong-armed into creating loans for people who can’t afford them. Why will no one talk about this? We might as well keep the mop handy, because we’ll need it again.
Amen to that.
Reader Charon Z:
Banks are still lending, this is an easy and clear chart to send our retarded Senators and Reps who of course aren’t interested in really bailing anyone except their friends on wall street out. Oh, by the way I went and talked to my small local well managed bank yesterday. They are still loaning on cars, houses, and commercial property. We are having a small boom here in small town Texas.
(Link)
Yes, there is a “bad” credit crisis. If you have “bad” credit you can no longer get a loan, you may go bankrupt, that is how the system is supposed to work. It is called capitalism. So, far the system seems to be working like it is supposed to. You make bad choices you get punished. So what is it our feckless government saviors are going to fix again? Or did I mishear and they mean the fix is in.
Reader meow:
Congress be damned, the fed is printing of $630 billion just because they can. Our government is no longer accountable to the American people
Reader Steve in Virginia:
Just emailed Sen Warner. I vote and donate GOP. Told him if he voted for any bailout bill that had Dodd’s fingerprints anywhere on it, I’d vote for his Democrat challenger the next election cycle.
Reader Gene:
Just thought I’d pass along my thoughts on the Big Bailout and what looks to be Son of Big Bailout. The dire warnings of economic meltdown that are being used to ram this thru remind me of “The Ticks’ Argument”.
Dog: ” Mr. Tick, why do you have your head buried in my flesh?”
Tick: “I’m saving your life.”
Dog: “I don’t understand, can you explain?”
Tick: “By sucking your blood, I encourage your system to create new blood, thereby improving your health.”
Dog: ” Oh, ok. Thanks”Well, this dog ain’t buyin it. Time to scratch.
Gene
Reader Ronald (quoting Ed Morrissey):
I can’t get through to my Senators Alexander and Corker. If any of you see them tell them they can shove it where the sun don’t shine! If you think this was badly worded, you should see the unedited text I wrote!
…I love the auto racing tracks [earmark] in particular. I can see the headlines now: “Global financial markets melt down, NASCAR, Caribbean rum hardest hit”. As many people have said now, I’d be more inclined to take this crisis seriously if people on the Hill didn’t use it to butter up their favored constituencies.
The Senate will vote at around 7:35 PM tonight on this bill. I’d expect an easier passage, thanks to provisions to expand FDIC insurance and an added authority to suspend mark-to-market rules that may make some of the rest of this bill unnecessary. Senate leadership isn’t taking any chances; they’ve added this as an amendment to a bill containing some legislation sought by both liberals and conservatives, making it difficult to oppose from any direction.
See what others have said
Note from Michelle: This section is for comments from michellemalkin.com's community of registered readers. Please don't assume that I agree with or endorse any particular comment just because I let it stand. A reminder: Anyone who fails to comply with my terms of use may lose his or her posting privilege.
Trackbacks
- Ogre’s Politics and Views » A Leadership Speech
- Bail Tales 10.1.08 « Gunservatively!
- Tell your Senators to vote, “NO!” on the Senate Bailout Bill : Ft. Hard Knox
- Senate Bailout Bill looking Like A Porkfest « The Barton Bulletin
- The death of fiscal conservatism « The Right Daily
- The Crap Sandwich™: Now Fortified With Extra Porky Goodness! | Counting Sheep
- This Is The Dagwood Bumstead Of Crap Snadwiches | Right Voices
- Bailout legislation impossible to read | Conservative247
- Predictive Blogging « So Many Idiots, So Little Time
- Senate passes their own “crap sandwich” « WitSnapper | The Blog
- Politics Wins Again... - Forex Forum
- Unclear on the concept | Grim Observations
Comments
You must be logged in to post a comment.
Categories: Subprime crisis
Pundit & Pundette
» Intelligence agencies knew Hasan was a traitor
Legal Insurrection
» Will The Truth Be Hasan's Last Victim?The Powers That Be
» US Intel Knew Hasan Was Trying to Contact Al QaedaStop The ACLU
» How Can One Write About The 20th Anniversary Of The Fall Of The Berlin Wall And Not Mention Reagan?JustOneMinute
» But What Do The Numbers Mean?JustOneMinute
» I Love The Sound Of File Shredders In The Morning...
Please fail! The timing of this vote is rather interesting.
Because you’d be called a racist, that’s why.
Unfortunately this bailout has become Wall Streets 40 acres and a Mule.
But it is still 700 freaking billion dollars. It’s so easy when it’s not you’re money. Right, Senators?
yeah they’re going to get it through by hook or crook..
Sen. McCain has said that he will take a strong stance against earmarks if he is president.
I’d like to see him make that stance now.
The $700 Billion is for the purpose of bailing out foreign investors not Main Street USA. This is an outrage.
Here is partial transcript from Kudlow and Co. where Representative Brad Sherman blows the lid off this treasonous act.
Rep. Brad Sherman, D California:
Larry I am glad you have a few seconds to talk to someone who voted against this bill. I am not changing my mind. I want to thank my colleagues who stood up to the purveyors of panic and voted against a very bad bill and voted with 400 eminent economists including three Nobel laureates who wrote to us and said don’t panic, don’t act hastily, hold hearings, work carefully. The fact is Larry if you read this bill, even you would have voted against it.
It provides hundreds of billions of dollars of bailouts to foreign investors. It provides no real control of Paulson’s power. There is a critique board but not really a board that can step in and change what he does. It’s a $700 billion program run by a part-time temporary employee and there is no limit on million dollar a month salaries.
Larry Kudlow:
Let me just ask you one question. I think you are referring to foreign banks headquartered in the United States. I do not see how foreign investors get bailed out.
Rep. Brad Sherman:
Larry you have to read the bill. It’s very clear. The Bank of Shanghai can transfer all of its toxic assets to the Bank of Shanghai of Los Angeles which can then sell them the next day to the Treasury. I had a provision to say if it wasn’t owned by an American entity even a subsidiary, but at least an entity in the US, the Treasury can’t buy it. It was rejected.
The bill is very clear. Assets now held in China and London can be sold to US entities on Monday and then sold to the Treasury on Tuesday. Paulson has made it clear he will recommend a veto of any bill that contained a clear provision that said if Americans did not own the asset on September 20th that it can’t be sold to the Treasury.
Hundreds of billions of dollars are going to bail out foreign investors. They know it, they demanded it and the bill has been carefully written to make sure that can happen.
http://tinyurl.com/4jllyn
More truths about the 700 billion dollar lie…
fedupusa.org
How about a cash for equity deal? We’ll give you the money, in return for stocks/equity. I can live with that.
And once it’s paid back (with interest of course), you can get your stocks back.
Dismantle Freddie/Fannie..
repeal the CRA..
that’s the hole in the dam..
that is what needs to be fixed..
What?!!! No earmarks for the tea pot museum or new condiminiums for the spotted owl? Come on people lets put a little pork in that barrel. You’re really good at spending. How about asking for a little credit. Hmmmm?
700 billion–that’s a lot of lies to cover.
Wooden arrows adn wool research?????!??
I heard there may be a constitutional issue with the Senate taking up this bill. However, I couldn’t find anything because this is being treated as an amendment to a bill which the Senate has the right to consider.
In Article 1, Sec. 9, I did find this interesting:
Any chance there will be transperancy concerning expeditures under this boondoggle? I doubt it because these lying theives can’t even tell the truth about how we got to this point!
condiminums=condominiums. Get me a beer, huh Edith. Geeze.
McCains chance to prove he has a veto pen.
You speld pork rite, bedje
Why did the Senate attach the bailout to a pork-filled piece (be nice, Tim) of legislation? Because Congress must always slop the pigs; to do otherwise would have been “un-American.” Congress does this so often it is dizzying.
Hey Hey CRA, how many taxpayers can you fleece today? And now it’s come to this.
Wow, 60 years of handouts, social engineering, “fairness”, affirmative action, illegal immigration, tax success/reward failure, etc.. Liberals have done to the U.S. what the Soviets, Chinese, Islamofacists, etc. could not. Brought to our knees by the burdens of the entitled. Where’s the next Reagan? McCain sure ain’t it. That’s what you get when the MSM picks your nominee.
That’s funny, this doesn’t repeal the CRA, anyone know why not? How about some chapters about not loaning money to people who can’t repay, aren’t citizens, things like that. How about we destroy the cause Fannie and Freddie? Isn’t this what normal people would do?
Probably way to complicated for these dim bulb Senators.
I particularly like the bailout money for foreign investors. I wonder who knows about that part?
But don’t you know, Saul Alinsky said, keep the public in a constant state of confusion and fear, then take over. I think this applies to this latest crap sandwich.
Maxine Waters: I see no reason to publish any statement and account of the receipts and expenditures of the public money. We are watching this on the behalf of the american people. There is not a problem here. We will be sure and let you know after the wheels have come off if there is one.
Senate’s email server is down and the switchboard up there has exploded. No way to contact our elected Representatives and Senators in Washington. 700 Billion dollars and they don’t have a server large enough to serve their constituents. This is a sham of epic proportions.
I’m having acid reflux over this crap sandwich redux. Keep calling and don’t give up. Tell your Senators to let Dodd, Reid, Pelosi and Frank to sit back and let the adults do the dirty work. As long as these supposed leaders are in charge I don’t see anything working, they created this mess in the first place.
What’s the hurry? Anything they try to do in DC only comes back and effects all of us. If the Fed has a trillion dollars, why does congress have to hurry? Why stick it to the taxpayers? The unintended consequences will cost us in the future. I understand something has to be done but why try to solve this problem with a gun to our heads? Nothing good comes from a hurried and unadvised decision.
I’ve been emailing my Georgia senators pretty much the same things said by Bryan and Charon Z, above.
This morning I got one email through to each senator’s DC office, but now all I get is “Error.” Sooo…they don’t want to hear from their constituents, huh?
I’m mad as h*ll and I ain’t gonna shut up!!! I’ll try the senate webmaster, or is that blocked too?
Yes, McCain is not the next Reagan but Obama sure acts a lot like the next Chairman Mao.
Is Palin up for a real fight tomorrow cause it sure looks like McCain has capitulated – thanks John… all of the conservative/Palin wind is out of your sails becasue of this. She should ignore Ifill’s questions and Biden altogether tomorrow night and go straight to the American people with the truth about Obummer (Chomsky/Alinsky/ACORN, etc.). When are we going to fight for real? After this bill passes? After Obama wins? If not today when? If not us, who? (or is it whom? well you get the point). Stop this bill!
How come everything the stock market, the oil market, the midwest corn market does is now tied to the bailout?
It’s because most financial reports have no real idea about economics. They don’t understand underlying value, they don’t understand time value of money, they don’t understand productivity, competition, and/or supply and demand. Could you imagine a “headline” – today the stock price of xyz company went down by 4% because investors thought the company was worth 4% less than yesterday.
Atlanta Media Guy, you answered my question as I was typing it. Guess it’s time to pick up the phone.
This bill has a hug section modifying the relief act for Hurricane Katrina, and now for Ike. I smell a Partisan setup!
Actually – I can’t live with that on two levels.
1) I don’t want our government trying to be involved in commerce (nor is it constitutional)
2) These are the same Senators that couldn’t manage a restaurant. I am skeptical that they could manage debt instruments and do well.
why would paulson and our congress even think about bailing out foreign investors with taxpayer money. bush must have suffered a stroke to be listening to this sleazoid. give our money to chinese investors who bought the myth of fannie mortgages? what has any foreign government (especially any asian government) ever done to help america. here’s an idea china, go get the money from your buddies in n korea and iran.
On October 1st, 2008 at 10:45 am, Atlanta Media Guy said:
And that is what is really sticking in my craw. These lying thieves will never consider “The unintended consequences”.
We’re Screwed ‘08
Just like we don’t need to know what’s in Jefferson’s freezer, or what is exactly printed on Obama’s birth certificate, or who pays the lease on Laura Richardson’s vehicle…
As long as we’re adding pork – can I get a grant to study whether seagulls circle clockwise or counterclockwise more frequently. Of course I’ll need to check this out on both sides of the equator on nice tropical islands. It should take about 3 years and cost about $1.2 million plus expenses (which will be determined later). Please – pretty please?
Talked to the Sen. Martinez office in Orlando today. They said he is voting for the bailout, but couldn’t tell me where I could go to read the bill! Couldn’t get through to any Florida senator’s Washington offices—I believe they are purposely avoiding us.
I don’t understand the urgency for the 700 billion and no one seems to be able to explain it. Credit isn’t a problem where I live in Florida. If McCain votes for this, I WILL NOT vote for him, regardless of Palin. She’s looking pretty whimpy lately, anyway. If McCain is so negative on earmarks, then he couldn’t possibly vote for this—but his campaign director in Florida tells me he will.
BTW, I can’t even get through to the Presidential Debate Commission about Ifil. What a joke this election is turning out to be.
If you have a pre-Vista OS you can probably send a fax from your PC. Or a bunch of faxes.
My friend has created a site that will allow all of us to send a fax to every senator.
http://faxbomb.us/
The site he is suggesting people use is a commercial site, but there is a free trial available which would allow you to send 150 free faxes. He has no financial interest in the site – it was just the cheapest he found.
He has an Excel sheet that has all the Washington phone numbers if you want to automate something on your own.
We swamped their email, lets run them out of paper and ink next.
It is not the Community Reinvestment Act – rather the Communist Reallocation Act.
I am sick and tired of politicians who do not get it. 700B would pay off every 75k mortgage in America if they gave it to us.
Nah……give it to Wall Street and bankers who made millions selling junk and now will lose money. Cry me a river!
Don’t you see? They’ve been trying to get it this way since 2000–they counted those damn votes so many times that the mark for Bush wore off!
They will elect who they want, what they want & us be damned…just like Jeremiah Wright said.
This appears to me that it’s the senate’s version of
Here’s another section I found (I apologize for the formatting but:
Am I wrong or does this mean we could be bailing out Foreign investors as well as domestic?
my fingers are killing me and my BP is far too high!!! I can only scream so loud at these morons…I guess we need to vote everyone out and start over and then if they start it again we vote them out until we can send the right message…and that is you work for “We The People” not we the business or special interest group…and oh please stop the fear mongering…fear only creates more fear and then well you got it….
maybe while their at it they should rewrite the preamble:
We the Big Businesses of America, in Order to form a more perfect Corporate Union, establish bailouts, insure domestic un-Tranquility, provide for the common corporate bottom line, promote the corporate Welfare, and secure the Blessings of Liberty to ourselves and our Corporate Posterity, do ordain and establish this Constitution for the United States of Corporate America.
My apologies to those who actually wrote something sacred and for “We The People”
If McCain votes for this he has absolutely no credibility.
Calling Sen. McCain on this one. Is he going to stand up and say, this is unacceptable? I thought this bailout was for the financial situation we’re in, and not a free for all!
If our tax dollars are being used for this “bailout”, I want collateral in return.
We are all quite vocal here but I wonder if we are doing much more than preaching to the choir in Michelle’s fine blog. When Steve says he called Senator Warner and threatened to vote for his challenger it makes me wonder if everyone here is sufficiently engaged in the political process. Steve in Virginia, Senator Warner announced his retirement from the Senate at least a year ago and is not running for re-election. Your choices are Jim Gilmore and Mark Warner. [Michelle, you should have known this and posted a different quote to not make Steve look uninformed.]
BTW, for those of you calling and telling Tom Davis to vote against the MOAB remember that he too is retiring. Not that he’d listen otherwise. And Keith Fimian and Gerry Connolly are running for his seat.
We can’t make this Republic work if we don’t know who is running for office 40 days before the elections. We have to be more involved, day-to-day.
And finally, it is now clear that the two main parties utterly corrupt. After this Bush-sponsored idiocy with the full participation of slavering Marxist-idiot Dems I have finally rejected any hope for the GOP. It is time to pick a new horse. It is time to let the GOP merge with the Dems and find people who will represent us. The two major parties have essentially overthrown the Constitution and staged a coup d’état. I have voted GOP for nearly 30 years but I won’t do so again. They have betrayed their oath to protect and defend the Constitution and we need to throw them and the Dems out and elect people who will return the control of the government back to the people.
It’s not that Americans object to the bailout so much as we object to:
1. The arrogance of allowing 1 man with ties to Chinese banks to have absolute control.
2. That Congress can’t come up with an HONEST bill that adresses this issue and ONLY this iisue without giving away the farm to all their cronies (read ACORN ) at the same time.
3. That when they can’t pass the bill they get in a pissing match and blame evryone else including the “ignorant, uniformed voters”.
4. MOST IMPORTANTLY..that the media cannot and will not do their jobs and call Nancy Pelosi, Barney Frank and the rest what they really are..LIARS, FRAUDS, and CHEATS!!!!
Phoning, phoning, phoning, …
I’m having trouble getting through to the Capitol switchboard. The first time I received a ‘robot’ response with some message about the phone system – ‘call couldn’t go through’, etc. The 2nd time, just a busy tone.
Let me try the 800/877/866 numbers and see what happens…
If you can’t get to your representatives now, get to them when they can’t hide from you in DC… when they come home to campaign, at local public events and fundraisers, and most importantly in the voting booth when their name is on the ballot.
Hold your nose and vote for your current representative’s challenger. Heck, we know giving someone else a shot couldn’t be any worse than keeping the same extortionists in office. Force TERM LIMITS on them.
They just can’t resist larding it up, can they, the bastards.
I am confident once the dem trial attys see this bill they will fight it.
ALL THE BARFING WILL DESTROY their
obesety is caused by fast food suits.
SCREW YOU dem slacks and media hacks
SCREW YOU
if john mccain votes for this he loses. end of discussion. the pork is out there for everyone to see. if he votes yes, he forfeits the reformer argument of both he and governor palin.
Oh wow..
9 (a) FEDERAL DEPOSIT INSURANCE ACT; TEM10
PORARY INCREASE IN DEPOSIT INSURANCE.—
11 (1) INCREASED AMOUNT.—Effective only dur12
ing the period beginning on the date of enactment
13 of this Act and ending on December 31, 2009, sec14
tion 11(a)(1)(E) of the Federal Deposit Insurance
15 Act (12 U.S.C. 1821(a)(1)(E)) shall apply with
16 ‘‘$250,000’’ substituted for ‘‘$100,000’’.
So the FDIC increase will last about 14 months in effect… not sure if I like this.
How about starting in on the RNC?
http://chairmanduncan.wordpress.com/
Here’s a generic RNC email box: ecampaign@gop.com
Here’s the RNC YouTube Account: http://www.youtube.com/user/rnc
They have a Facebook account, but I’ve managed to lock myself out.
Leave comments, make calls, let them hear us. It’s our country. It’s our money. They are supposed to represent us.
bayou22 – Thanks. Good points indeed.
I personally believe that being elected to a position of public representation is not / should not be, a ‘job for life’.
Let those jobs turnover like most of the rest of the jobs out here in the real world.
that’s about 40 or 50 years out of date…get with the times…we’re serfs, they’re our masters, they know best, and they care for us..
George Orwell would understand these times all too well….
marco polo
have you found your brain?
post the DNC #s as well or shut your piehole
Here’s another GOP generic email:
info@gop.com
Let them hear us before they go on vacation, taking out money and our future with them.
Phred,
The job they are hired for his HESSIAN.
It does not matter what they think they are hired to do OUR bidding PERIOD.
MARCO no SALE
post the DNC #s as well
bansharia – Oh yes, I’m prone to agreeing with the point of view about 100%.
Let me offer a few of my most favorite Orwell quotes – as right4life mentioned above. Please try enjoy – or at least “entertain” the distraction:
‘There are some ideas so wrong that only a very intelligent person could believe in them.’
‘No advance in wealth, no softening of manners, no reform or revolution has ever brought human equality a millimeter nearer.’
‘Political language… is designed to make lies sound truthful and murder respectable, and to give an appearance of solidity to pure wind.’
‘The great enemy of clear language is insincerity. When there is a gap between one’s real and one’s declared aims, one turns, as it were, instinctively to long words and exhausted idioms, like a cuttlefish squirting out ink.’
‘For a creative writer possession of the “truth” is less important than emotional sincerity.’
‘In our time political speech and writing are largely the defense of the indefensible.’
‘In a time of universal deceit – telling the truth is a revolutionary act.’
And, my personal favorite:
‘If liberty means anything at all, it means the right to tell people what they do not want to hear.’
I was only able to read the first 50 pages before my head exploded. This bill sucks, it hands Hank (Mr. Hanky) Paulson $700B to spend at his discretion, It allocates money to bailout counties and cities pension funds. And i haven’t even got to the pork yet. This monster will cost us $2T buy the time Mr. Hanky gets done!!
In Reagan-esque voice.
“Well… there they go again.”
This bill has a lot if “The Secretary may develop…” in it. Talk about vague. We’re basically handing over the assets of the entire country to one guy and letting him call all the shots.
And on the Earmarks… McCain said as President he would veto anything with earmark.
Well John. Here’s your first test. If you support this, we have no reason to believe you’d act differently as President.
It’s decision time.
HOW MUCH IS $700 BILLION???
• NASA’s entire 2008 budget is $17.6 Billion.
• The National Science Foundation (NSF) has an annual budget of $6.06 billion to support research and education on astronomy, chemistry, materials science, computing, engineering, earth sciences, nanoscience and physics (among others) at more than 1,900 universities and institutions across the United States.
• The entire US military budget for fiscal 2008 is $481.4 billion.
• Social Security is (currently) a $608 billion annual program.
• Currently the top paid major league baseball player, Rodriguez takes home $28 million a year, meaning it would take 25,000 A-Rod salaries to carry the $700 billion.
• The Forbes 400 richest list recently came out. It would take most of what these 400 people collectively have – a combined net worth of $1.57 trillion – to dig out of this mess.
• Based on the U.S. Census Bureau’s estimate of the current population of about 305 million people, you already owe roughly $32,000 all by yourself on the national debt.
From: http://news.yahoo.com/s/livescience/20080930/sc_livescience/howmuchis700billion;_ylt=AjVismYsrNWQRd172TZm290EtbAF
Phred,
I have one acid test b4 I vote for anyone. Are they willing to be the constituants hessian or not.
there is nothing new in this world
it is what it is
I continue to hear people use the term “bail out Wall Street”
I submit that any bill put forth does not bail out anyone but “Washington DC”
The true recipient will always be the politician. They spend our money, they set up failed policies and now they clain to be the savior.
Not buying it.
Your elected officials and mine did this. We have all seen the videos of what happened when anyone tried to point out the problems.
It is past time to allow these politicians to define the language. They will always paint over the real face that caused this and any mess.
It is the, Harry Reid’s and Nancy Pelosi’s and Barney Frank’s and Maxine Waters who this bails out.
Not some street!
Their house is and their fat back-sides are what is being bailed out.
mad,
those who wrote it aint even worthy of being chum
I’ve been calling and e-mailing all morning. McCain, Cornyn, DeMint,GOP, etc. Forget Mikulski and Cardin – bluest of the blue states here in the Peoples Republic of Maryland. I’ve been able to get e-mails in to most Senators here …their servers are taking and auto-responding to “e-mail” web form postings. Light ‘em up.
Congress is just playing politics. The Yayer and Nayers are using the same reason for their respective votes. Close the loopholes that allowed bad mortgage debt into the market and just say no to the bailout!
Upping the FDIC deposit insurance coverage could offer banks the opportunity for larger deposits with larger return percentages. A $250K cap may open new avenues of investing safely.
My two cents.
OLD
^20 enuff pork in this bill to kiss every idiot voter’s butt
chase the carrot yum yum yum
NO SALE
250K FDIC change is a red herring!!
good Lord dont fall for that crap
LOWER THE EXPENDITURE
YA CANT PUT LIPSTICK ON THIS PEEG
Mr. K called Senator Kit Bond’s (R-Mo) local office questioning why there were earmarks in this bill. The person in Bond’s office answered by telling him that the earmarks are there because this (bailout bill) is probably the last bill to be signed this year and it is the only time they (the earmarks) could be addressed. No lie! They still don’t get it!!
No one wants to talk about the unintended consequences of the bailout.
As an example, a friend just bailed on his condo, it was worth much less than he paid, lost all his equity. Then bought another condo for about half what his had cost, it was a foreclosure. Got much better loan terms …
What are they going to do when the public takes advantage of the bailout and bails on their own mortgages — as people figure out they are paying on worthless property that will never sell for what they owe.
This bailout is going to be a disaster in the making.
You know they are speaking without knowledge when they talk about the supposed problem without using precise language. They talk about “clogged” credit channels – what the heck is that? How much is it clogged – as in give me a number.
I always like the expression “throw money at it” – This is a perfect example – they are eager to throw money (ours) at it. They have no idea what the target is – just throw it.
I’ll talk as long as I want to, or until our gracious hostess indicates I have overstayed my welcome.
Besides, this is no time for us to turn on each other.
I don’t expect the Democrats to walk from a spending bill. I do not expect them to cater to me because I am not one of them.
However, as a donor (albeit small) to the RNC, I do expect them to speak on my behalf.
If you’re a Democrat, then by all means contact them. If you have a few minutes, how about posting their information here so others can contact them?
We can do this!
That $100,000 should probably be adjusted for inflation every few years as a matter of course.
page 113 begins on sections on Energy changes. I’m about to take lunch, someone read that section and look for anything unusual. Like banning oil shale, or drilling etc. :/
I like those!
my favorite is:
“One has to belong to the intelligentsia to believe things like that: no ordinary man could be such a fool.”
Wow, there’s a 1.25 Billion increase in spending on ‘Carbon Mitigation and Coal provisions’ ? (Page 154)
Increase on Coal Excise tax (Page 161)
Bah. need food be back alter
Heard McCain. Now listening to Hussien. I think they had one speech writer between them. By the way, Hussien just said that we will be off of foreign oil within 10 years. But not by drilling our way out. Man, he just keeps going on about what he’s going to be giving away. 700 billion is chump change compared to what he’s going to need to do all this crap.
right4life: ‘Back at ya!’
(I like that one too. Gosh, Orwell really did leave us an array of some really outstanding quotes, didn’t he?)
McCain can’t vote for this without violating his rule on earmarks. We’ll see how serious he really is about that — but I promise, if he votes for this weaselwich, he’ll be tarred and feathered by Obama for not being serious about earmarks.
Look who else we’re probably bailing out:
here
After reading over 200 pages of this nonsense, I submit that this bill was designed to fail.
It is simply a tool to be used asgainst the republicans who vote against it.
What is in it does not matter. It is loaded with taxes and far left energy credits.
It is just to be used as a wedge for dems running for office to be able to say this senator or that senator voted against “YOUR INTERESTS”
Nothing to see here, just election year politics, move along.
Vote no, stand strong!
Bailout 451
The story of an American society in which the politicians are hedonistic, and the voices of the citizens are ignored.
In the midst of a Liberal created crisis, anything that a liberal does is done to cover their complicity.
Never trust a Liberal with your money.
Never trust a Liberal with your protection.
Never trust a liberal.
Batman – you’re drawing the obvious parallel to Fahrenheit 451, yes?
Thought so. Perhaps very appropriate… in a twisted, ironic, and very sad kinda way.
I had a friend tell me once that she thought that any bill that was longer than the Constitution should be scrapped.
I am starting to see her point.
he was a brilliant man, and he saw what we are facing.
I’ve heard soviet refugees, having read his books, were stunned to find out he was english, and hadn’t lived through what they did…he understood the soviet union oh so well…as he would understand where our country is now oh so well…
The Senate bailout bill includes:
FYI/FWIW,
Debate in the Senate is slated to begin after they return from lunch ‘recess’ (circa 11:15am PT).
http://www.cspan.org (Senate channel is CSpan2)
Aside from $500 million a year for rural road and forest projects.. seems like a Sierra Club lobby effort…
There is Sec. 401 that appear to extend limitations on deductions for domestic oil production. I’m not clear on the history of that but it sounds like they want to extend some taxes on domestic oil producers. If so… typical for Reid.
The Bulk of this bill has NOTHING to do with the $700 Billion. If this bill were life and deth to our economy, why the HELL are they jamming it up with various crap?
McCain is flawed enough, if he votes for this, I can no longer pretend that he is worthy of my vote just because he picked a conservative on his ticket.
McCain you MORON!
I already know he will support this crap sandwich so I now let him know how I feel.
I guess that would be in that Section 401 area of the bill I mentioned… albeit with numerous typos.
I agree Rooster, and sent him an e-mail indicating the same.
I’ll not vote for him if he votes yes on this travesty of a bill.
Since congress won’t allow Drilling, Nuclear, or anythign else… is it possible to convert the garbage coming out of Washington into a source of energy??? That would be en endless supply to fuel all our needs.
I have never intended to vote for McCain precisely because he is different from Obama in degree rather than kind. Obama, McCain and Bush are all big-government people. Obama is the most obviously Marxist but Bush and McCain have demonstrated they are really socialists at the core. McCain confirms this fact with his support for the MOAB.
Both parties are completely committed to big government at the expense of the people of the country. This has never been clearer to me than over the past two weeks. Both parties are totally corrupt and looking out for their own interests.
The Dems and the GOP need to be unseated and removed from power. Only a third party can clean up this mess. I will be voting for the Constitution Party this November. They look like our last chance as a Constitutional Republic.
On October 1st, 2008 at 12:01 pm, oldcollegeguy1980 said:
A naive part of my brain wants to believe that McCain is playing a deep game here, saying he’ll vote for it, knowing that it can’t pass.
But he has to know how much that vote will P1$$-off conservatives – then again, since when has he ever shown that he cares what we think? (Sarah P. aside.)
I’m glad I have other obligations tonight so I won’t be able to watch this DC debacle as it goes down.