Bailout Bill Passes!

This bill is a travesty. It does nothing to help the homeowner. It is designed to help Henry Paulson't friends and associates at the banks and brokerage houses.

Te better solution would have been to provide a government guarantee for the mortgages themselves and provide help for the homeowner.

The homeowner would have been helped directly and the banks and others would have been helped when the mortgages were guaranteed by the government.

The present plan is an extension of trickle-down economics -- pour some money into the top of the economy and hope a drop or two makes it down to the bottom.

We should impeach Bush, throw out Paulson and dissolve the Fed.

Barry of NJ 3:01PM October 05, 2008

Every adult in this country has a responsibilty to protect the economy. They should buy American-made products and capital reinvested in our own business. Instead, we buy products from China, Japan, Germany, Shri Lanka, etc and dollars are flowing in ONE direction out of the US.

I drive on the NYS Thruway 50 minutes each way to work and I am one of the few still driving a Ford. But I know my $35,000 dollar purchase assists in reducing the trade deficit, keeping people working, keeping corporations productive, and supporting the US Economy and US Government.

Since the 70s, US citizens wanted low prices and maximum choice. However, their choice to buy foreign-made is now bringing the economy to its current state. Why is everyone so surprised?

When ENRON failed, I hoped it was an isolated case of power, corruption and leaders who thought they were above reproach. However, I think our government and the financial sector is proving to us that ethics and controls have been ignored for self-serving interests - now the citizens who had no part of it have to pay the price for not paying attention!

Yeomer of NY 6:57PM October 04, 2008

Barack John

Left and rights of passage

Black and whites of youth

Who can face the knowledge

that the truth is not the truth?

Obsolete Absolute

Ron Ralph

Cruising under your radar

Watching from the satellites

Take a page from the red book

and keep them in your sights

Red alert Red alert

paul nader of IL 3:32PM October 04, 2008

Guys - I'm a Realtor, with a lot of mortgage lender friends. Something you need to consider when you point the finger at the banks is that the loan programs through Freddie Mac and Fannie Mae had guidelines, and those guidelines were set by Freddie and Fannie.

If a loan officer denied someone a loan because their gut told them that the person couldn't possibly afford, but they did in fact qualify, the officer would issue the loan OR risk discrimination charges, etc. Should the banks have raised hell? Yah, that's a gimmee.

The bailout is because no one was minding the cookie jar. Oops, that's right, we did have people minding it, but they said everything was okay. Who said that? Look at who benefitted the most, including, drum role please, the second largest recipient of lobbyist money - Obama.

shawn of NC 10:45PM October 03, 2008