5 Reasons the House Passed the Bailout Bill

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All I see are sorry excuses and after reading about Lehman Brother's head execs walking away with over 20 Million and all Mr Fuld the CEO had to say was Oh well sorry!!! I think this country needs an Enema, and I think the White House needs a big Enema I think its way past time to get rid of those back stabbing crooks who have been destroying our country.
I totally agree with the first commnet this country has turned completely communist but the difference is we the working class not only work for the rich elite we also work to take care of the low lifes on welfare!
At least in a real communist country there would be NO welfare no handouts they would work or die!
Maybe thats exactly what this country needed a good wakeup call, and as for cutting back on spending I totally agree with all that too! Once we cut back on spending well the fat cats won't be making money and the economy will suffer anyway and acoording the Mr Fuld of Lehman Brothers, he states this bailout would NOT help the crumbling economy so basically it just got him out of trouble and made sure he left his job rich and happy and worry free!
I don't see how any of them sleep at night and I hope they don't!

Sharon of VA 4:40AM October 07, 2008

America is not communist yet, it's at the intermediatte socialism stage. That's the problem with America. Everyone wants to be the wealthy as possible and would do many things for finacial freedom, but take offense at the lifestyle of the supremely wealthy and are suprised that there are criminals at the elite stage ifinitly worse than any gang or smalltime criminal enterprise.
Some people make it out of their class (poor middle rich)in their life but most don't. Why are people surprised by the Wall Street CEOS, their "compenstations" and the general results of a capitalist society? The elite own the poor. ALl you can do is try to get to the elite level. That, or vote for Communism on 08.
People want everything to be equal unless it means they can't have more than the other guy or must have less than yet another

Jared of 7:28PM October 06, 2008

I think that we should take a look at congress and the senators that have been in office for fifty years or so. We need a change altogether. We need to take a look at their records and come election time, donot vote them in. We're not educated enough in these matters. We need to look online. I feel that the senators are in office too long. We need to change the numbers of years that they may be in office altogether. The only way for change is by voting them out!!!

Mary of IL 11:48PM October 05, 2008

What ever happened to free market? What ever happened to personal responsibility? What ever happened to punishing the criminals? Should Henry Paulson and his buddies in Washington and on Wall Street be seen as criminals? Even my teenage kids see the folly in this buying bad debt expecting it to be a good investment.
Why should Paulson be granted complete authority without being answering to anyone to spend my children and their children's future income?
The average American will vote against those supporting this foolish bill.
Thanks - Mark

Mark of NH 12:21PM October 04, 2008

there is only one way to take care of this. IN NOVEMBER VOTE THE BUMS OUT THAT VOTED YES ON THIS BAIL OUT! thats what i'm gona do.

matt of IN 12:01PM October 04, 2008

there is one way to take care of this, VOTE THE BUMS OUT THAT VOTED FOR THIS BILL! thats what im gona do.

mm of IN 11:56AM October 04, 2008

Please advise me if the House passed an increase in the DFIC Coverage of Savings , etc. accounts from $100,000.00 to $250,000 as was previously the covered offered by FDIC. I was told that the House was going to contemplate increasing the coverage so people didn't have to place money in so many different banks to cover their savings. I certainly hope that it was one of the things that the Government took into consideration and passed for the everyday american among other important financial problems.

Cheryl Metz of FL 11:53AM October 04, 2008

We, who are your elders, owe you the deepest apology, an apology because we, the Vietnam War generation, should have known better. We, the civil rights generation, should have known better. We, the generation who paid back the last huge American deficit, should have known better. We, the children of the children of the Great Depression, should have known better. The fact is, we do know better, but we have refused to act upon our knowledge and our experience.
We owe you an apology for the legacy of a $500 billion national deficit that could reach $5 trillion over the next decade. We are living above our means and we have blown our household's budget by a staggering amount. We have allowed this to occur even though we know we can't have tax cuts and war and decreasing employment without ultimately paying a high cost.
We are leaving you a national deficit that, almost all economists agree, means that you, our children and grandchildren, will inherit higher interest rates and slower economic growth. A national deficit that will make you vulnerable to those nations who are lending our government the money it needs right now by buying its bonds. A national deficit that will almost surely mean that you will pay more for the goods you import in the future at the same time that we just no longer manufacture many of these products ourselves. A national deficit that almost surely will mean you will live with rising inflation, which will not bode well for you. Because of our foolishness, you may well be the first generation of Americans in our country's history to have a lower standard of living than your parents.
We owe you an apology for leaving you a less safe world, a world where war is seen as the only solution to conflict. We owe you an apology for starting a 21st century precedent of the pre-emptive strike. We owe you an apology for the increase in small arms manufactured and distributed throughout the world and for refusing to end the production of land mines. We owe you an apology for allowing religious fundamentalism of all religions to make your world less secure.
We owe you an apology for sending you, a new generation of young men and young women, into war. We know some will be killed and others will be wounded. We know that none of them will ever be the same, after having seen first-hand the horrors of war.
We owe you an apology for pretending that the most important things in life are cars and houses and clothes and jewels and electronic gadgets - things. For not teaching you the words, integrity and honesty and charity, by living them each and every day. For not protecting you from sexual abuse and domestic violence, sometimes even in your home and school and church. For not leaving you a cleaner, more sustainable environment and jobs with dignity and worth. For not leaving you a society where health care is a right, not a privilege, and where every American is covered.
We owe you an apology for not eradicating racism and sexism and homophobia and for not standing up for true democracy and real freedom and justice for all of God's creation. We offer you an apology. Maybe you will forgive us and maybe together we can join hands to change this world, one step at a time. Beginning today.

Ronald evans of MD 11:12AM October 04, 2008

it's wounderful how the people that represent us can throw away our social security money. This money taken from our checks every week is suppose to be for our retirement. I do not like the fact that these representatives reach into our pockets every time there is an issue they cannot resolve. If we were in such dire need to resolve this economic problem, and as they stated "would destroy our country", Why did they not add their retirement money as we had to...
We need to vote these basterds out of office and show them they cannot get away with highway robbery.

alex Hernandez of AZ 10:55AM October 04, 2008

This bailout is a slap in the face to every American who acts fiscally responsible and pays their mortgage on a timely basis. Again, when government runs amuck, and big business makes poor decisions, who pays, "THE MIDDLE CLASS"! Keep in mind, the poor own very little, and therefore, pay no taxes. The rich benefit from so many tax breaks (i.e. Reagon Economics and the trickle down effect), they pay no taxes (not their fair share).
I have serious doubts this bailout will have any lasting effects for the following reasons:
1. Bear Sterns was suppose to end the crisis.
2. Govt take over of Fannie & Freddie after political donations to 75% of House by Freddie.
3. AIG bailout.
4. $25B to US auto makers to reward their failure to change with the times.
5. We should trust Treasury secretary, Hank Paulson (ex-CEO Goldmans) to do the right thing with the money (anybody heard the phrase, "The Fox in the hen house?"). If he has all this knowledge of the market and how to fix it, why did he testify before Congress last fall and in February '08, "The ECONOMY is fundamentally strong!"
6. Free market v Socialism - need I explain this comment?
Every incumbent House and Senate member is complicit in this mess. Typical politics is to blame the other party or Wall Street. A little history lesson, yes, Clinton signed the mortgage regulation into law after being passed by a "Republican" controlled House and Senate. Bush has had 8 years and the current Democratic Congress has had 2 years and did nothing! Now, we are giving $700B to excuse poor actions taken by financial institutions (Socialism) versus letting poor performers fail, and give the money to the survivors; ceiling on CEO golden parachute in the version passed is a joke; and finally, although I could go on, the govt doesn't have $700B (i.e. $10 or 11 trillion $$$ and rising) yet we attach or renew tax credits to the bill.
We are dumping our problem on the next generation if action isn't taken, and why should anyone believe the current "Good Old Boys" (all current members, Men & Women) along with current Administration can be trusted to fix the problem? You have the opportunity to be heard loud and clear on November 4th!

Tim of LA of LA 9:17AM October 04, 2008