It say here that Congress turned it down. So that's it then, America. Will 
one of you put the light out?

"Bill Again"  wrote in message 
news:gbrc3a$vtq$00$1@news.t-online.com...
> It say here that Congress turned it down. So that's it then, America. Will 
> one of you put the light out?
>
>
>

I wonder if this will make any bail-out that does get through cost even 
more?

TWP

"Bill Again"  wrote in message 
news:gbrc3a$vtq$00$1@news.t-online.com...
> It say here that Congress turned it down. So that's it then, America. Will 
> one of you put the light out?

Jesus biggest one day loss on Wall St in 20 years.  I think there's some 
tough times ahead no matter what country you live in.  Is it time to buy 
toilet paper, food and guns yet?

On Sep 29, 1:53 pm, "Bill Again"  wrote:
> It say here that Congress turned it down. So that's it then, America. Will
> one of you put the light out?

http://www.democracynow.org/2008/9/29/is_this_the_united_states_congress

Excerpts:

AMY GOODMAN: What do you think has to happen right now?

REP. DENNIS KUCINICH: Well, you know, Congress better get ready with a
plan B. If this thing goes down, we need to find a way to help Wall
Street pay for its own problems. You can do that with a 20—.25 percent
stock transfer tax, cancellation of dividends. You know, make the
shareholders and the investors have to pay for the funny business that
was going on on Wall Street. Why make the taxpayers pay? You know, the
very underlying idea of this needs to be challenged, and frankly,
there hasn’t been enough of that going on.
Well, what we have is a transfer of wealth, actually. It’s a
continuation of a transfer of wealth. This whole government has become
nothing more than a big machine that transfers the wealth upwards with
our tax policies, our energy policies, with this fiscal policies, with
the war. All the wealth of the country goes from the pockets of the
people into the hands of a few. This is a very dangerous moment. You
know, it’s the biggest amount of injection of capital by the
government in a single time since the New Deal. And frankly, there is
no trickle down here. There’s just rewarding bad behavior.

AMY GOODMAN: It sounds like it was mainly the House Republicans who
balked, who revolted on Friday. Yet, you and a number of your
colleagues are joining them. Do you believe this will pass today?

REP. DENNIS KUCINICH: It’s going to be a very close vote. And I don’t
see this as a partisan issue, by the way. I mean, in a way, the debate
that tries to make it a partisan issue is a diversion. This is really
whether or not people will side with Main Street in a struggle with
Wall Street, because, you know, this is not about left or right. This
is about up or down, and it’s about the color green.

And frankly, Wall Street is—has put itself on a trajectory with now we
have almost a quadrillion—half a quadrillion dollars of derivatives
that are out there, floating out there. People have said that if this
is intended to be a fix, it’s a joke, on one hand. On the other hand,
who’s paying for it? Why are we rushing this? I don’t—you know, and
everything about this, I think, is unacceptable.

AMY GOODMAN: Congressman Kucinich, what happens if this doesn’t pass?

REP. DENNIS KUCINICH: Well, that’s exactly right. I mean, we need to
be ready with plan B, which helps Wall Street restrain some of this
bad conduct, which immediately, you know, puts—looks at some of the
issues of liquidity that have to do with the policies of the Fed. We
had a former head of the FDIC tell a group of congressmen yesterday
that the Bush administration has been going around the last few weeks,
actually, so tightening up on the practices of banks that they’re
forcing them to have bigger reserves, which in a way would, you know,
kind of create—help to create the kind of tight money policies that
we’re saying we’re trying to alleviate with this bill. So, you know,
there needs to be a deeper look at this.

It seems to me there’s a possibility that this crisis has a little bit
of manufacture to it. And that really concerns me, because we haven’t
had enough time to look at this in an in-depth way, to analyze the
impact of it on the economy, to see if it’s going to do anything about
a recession that we’re obviously headed into, to see if it’s going to
handle the underlying concerns on Wall Street about the speculation
and a lack of regulation. The bill doesn’t, by the way, address
anything about the speculation, anything about the lack of regulation.
The SEC has failed. The Fed has failed. And we’re essentially telling
all the same actors, “Go for it. You know, here’s another
opportunity,” except this time it’s with taxpayers’ money. ...

AMY GOODMAN: Federal Reserve Chair Ben Bernanke warned lawmakers that
an imminent meltdown in financial markets threatens to destroy the
wealth and jobs of millions of Americans, if this isn’t passed.

REP. DENNIS KUCINICH: Well, there’s many ways that you can stimulate
the economy. One is that you can have massive infrastructure spending.
You could get that started right away. It would have to go far beyond
what Congress passed the other day. If you want to spend money into
circulation and move the money in the economy, you can do that through
spending on things that are tangible: bridges, water systems, sewer
system. You can stimulate the economy by having a national healthcare
plan. I mean, that would take a little bit longer to set up, but that
would be a huge break for all these businesses that are having
difficulties.

There are many ways that we could address this, but the plan that
they’ve put to us, they said this is the only option. Isn’t it
interesting that the only plan that we get up—you know, for an up or
down vote is one that gives a complete bailout to Wall Street without
any restraints or protections for the investors who might come into
this now.  ...

On Sep 29, 1:53 pm, "Bill Again"  wrote:
> It say here that Congress turned it down. So that's it then, America. Will
> one of you put the light out?

Relax, all will be in hand for Election day!:

http://www.derfcity.com/n/newtoon.html

"Bill Again"  wrote ...

> It say here that Congress turned it down. So that's it then, America. Will
> one of you put the light out?

Fannie Mae and Freddie Mac : $100 billion
Lehman Brothers : $200 billion
Wall Street Bailout : $700 billion

Putting it all on MasterCard : Priceless

On Sep 29, 10:20 pm, "The Happy Hippy"
 wrote:
> "Bill Again"  wrote ...
>
> > It say here that Congress turned it down. So that's it then, America. Will
> > one of you put the light out?
>
> Fannie Mae and Freddie Mac : $100 billion
> Lehman Brothers : $200 billion
> Wall Street Bailout : $700 billion
>
> Putting it all on MasterCard : Priceless

It's Visa that made that comercial

Bill Again wrote:
> It say here that Congress turned it down. So that's it then, America.
> Will one of you put the light out?

I think Congress is flexing its muscles to show the Wall Street fat cats 
that they (Congress) are no pushovers. If the progress of the bail out was 
smooth and unhindered then Wall Street would  no doubt be thinking that they 
can go in hand to Uncle Sam for further bail outs from the bottomless purse 
of public funds.

I have no doubt the bill will be passed later this week. Wall Street will be 
under no illusions however that the chances of future bail outs are 
virtually nil.

-- 
Peter <X-Files fan>

"Mr.G"  wrote in message 
news:fe60d42e-68a5-4412-a716-74f7e4da7986@a1g2000hsb.googlegroups.com...
On Sep 29, 10:20 pm, "The Happy Hippy"
 wrote:
> "Bill Again"  wrote ...
>
> > It say here that Congress turned it down. So that's it then, America. 
> > Will
> > one of you put the light out?
>
> Fannie Mae and Freddie Mac : $100 billion
> Lehman Brothers : $200 billion
> Wall Street Bailout : $700 billion
>
> Putting it all on MasterCard : Priceless

It's Visa that made that comercial


~~~~~~~~~~~~~~

Nice to see you Mr G. I trust that you are well?

On Oct 1, 12:00 pm, "Bill Again"  wrote:
> "Mr.G"  wrote in message
>
> news:fe60d42e-68a5-4412-a716-74f7e4da7986@a1g2000hsb.googlegroups.com...
> On Sep 29, 10:20 pm, "The Happy Hippy"
>
>  wrote:
> > "Bill Again"  wrote ...
>
> > > It say here that Congress turned it down. So that's it then, America.
> > > Will
> > > one of you put the light out?
>
> > Fannie Mae and Freddie Mac : $100 billion
> > Lehman Brothers : $200 billion
> > Wall Street Bailout : $700 billion
>
> > Putting it all on MasterCard : Priceless
>
> It's Visa that made that comercial
>
> ~~~~~~~~~~~~~~
>
> Nice to see you Mr G. I trust that you are well?


Very well indeed Bill. I hope you and yours are
doing well also.

Mr.G

"Bill Again"  wrote ...

> It say here that Congress turned it down. So that's it then, America. Will
> one of you put the light out?

Is it still $700 billion or has the cost risen with all the extra safety
nets and tax breaks being applied as sugar-coating ?

Everyone talks of $700 billion but there seems to be nothing to justify that
particular figure and there's certainly no guarantees it will be enough or
that it will work.

The thing which particularly intrigues me is how making it easier for
business to borrow, lend and make money is going to work in practice. It
simply encourages the greed which is the driving force for the failures.
It's just the kick-start on the road back to where it was.

It's a bit like rescuing the Titanic by knocking holes in the hull to give
more air to breath in the hope being able to bail it out before it goes
under the waves.

The Happy Hippy wrote:

> 
> "Bill Again"  wrote ...
> 
>> It say here that Congress turned it down. So that's it then, America.
>> Will one of you put the light out?
> 
> Is it still $700 billion or has the cost risen with all the extra safety
> nets and tax breaks being applied as sugar-coating ?
> 
> Everyone talks of $700 billion but there seems to be nothing to justify
> that particular figure and there's certainly no guarantees it will be
> enough or that it will work.
> 
> The thing which particularly intrigues me is how making it easier for
> business to borrow, lend and make money is going to work in practice. It
> simply encourages the greed which is the driving force for the failures.
> It's just the kick-start on the road back to where it was.
> 
> It's a bit like rescuing the Titanic by knocking holes in the hull to give
> more air to breath in the hope being able to bail it out before it goes
> under the waves.

What's Plan B, if this doesn't work? I think we should be told.

-- 
Facts are sacred ... but comment is free

"Robin T Cox"  wrote...

> What's Plan B, if this doesn't work? I think we should be told.

Actually it's Plan P ... Push Palin out there to confuse the world in a
stream of gibberish and nonsensical sentences strung together that Prescott
would be proud of. Also known as the "WTF? plan", it should have everyone
distracted while America hopes the current crisis passes by.

Plan C is : China.

"The Happy Hippy"  wrote ...

> Actually it's Plan P ... Push Palin out there to confuse the world in a
> stream of gibberish and nonsensical sentences strung together that
Prescott
> would be proud of. Also known as the "WTF? plan", it should have everyone
> distracted while America hopes the current crisis passes by.

Watch the pitbull in action ( or is that inaction ? )

http://www.buzzfeed.com/jonah/sarah-palin-gibberish?w=1

The "Miss Teen USA" video down the page is equally depressing. As someone
said, should Republicans regain office, the most frightening eight words
ever heard in America will be, "Cindy, I feel a pain in my chest".

"The Happy Hippy"  wrote in message 
news:E14Fk.65630$E41.35997@text.news.virginmedia.com...
>
> "Bill Again"  wrote ...
>
>> It say here that Congress turned it down. So that's it then, America. 
>> Will
>> one of you put the light out?
>
> Is it still $700 billion or has the cost risen with all the extra safety
> nets and tax breaks being applied as sugar-coating ?
>
> Everyone talks of $700 billion but there seems to be nothing to justify 
> that
> particular figure and there's certainly no guarantees it will be enough or
> that it will work.
>
> The thing which particularly intrigues me is how making it easier for
> business to borrow, lend and make money is going to work in practice. It
> simply encourages the greed which is the driving force for the failures.
> It's just the kick-start on the road back to where it was.
>
> It's a bit like rescuing the Titanic by knocking holes in the hull to give
> more air to breath in the hope being able to bail it out before it goes
> under the waves.

Bloody hell, that would have been a brilliant idea. If they had blown a hole 
in the hull it might have let the ice out!

And no, I fully expect that the $700 billion doesn't include the sum 
necessary for administration and Christmas boxes. And haven't Congress yet 
to approve it?

"Bill Again"  wrote ...

[snip]

> > It's a bit like rescuing the Titanic by knocking holes in the hull to
give
> > more air to breath in the hope being able to bail it out before it goes
> > under the waves.
>
> Bloody hell, that would have been a brilliant idea. If they had blown a
hole
> in the hull it might have let the ice out!
>
> And no, I fully expect that the $700 billion doesn't include the sum
> necessary for administration and Christmas boxes. And haven't Congress yet
> to approve it?

Seems to be progressing under the designation of "a dead cert" but so did
the last one. The original proposed Bill has grown from a half-dozen pages
to something nearer 500 now as everyone gets in their own clauses to benefit
themselves and those they claim to represent. It seems to contain everything
now, enough to keep "main street" happy while giving Wall Street even more
leeway than it ever had on one hand and a few restrictions on the other.
It's the same '"We must save Wall Street and our buddies" package in a fancy
wrapper and a cheap gift token thrown in to distract the 'outsiders' with
sparkly, shiny things.

Will it work ? Probably. Everyone's a sucker for a get-rich scheme.

"vilemerchant" <spam@spam> wrote in message 
news:00f171a5$0$20665$c3e8da3@news.astraweb.com...
>
> "Bill Again"  wrote in message 
> news:gbrc3a$vtq$00$1@news.t-online.com...
>> It say here that Congress turned it down. So that's it then, America. 
>> Will one of you put the light out?
>
> Jesus biggest one day loss on Wall St in 20 years.  I think there's some 
> tough times ahead no matter what country you live in.  Is it time to buy 
> toilet paper, food and guns yet?

How ironic that in a newsgroup in which the predominant sentiment is "burn 
baby burn" with respect to the United States that one would find those same 
pundants with their collective mouths agape at the prospect that it might 
ACTUALLY burn.  Could it be that they are in reality more concerned about 
their own hides?  Yep.  Typical.

George

"George"  wrote in message 
news:MCbFk.41282$XT1.36844@bignews5.bellsouth.net...
>
> "vilemerchant" <spam@spam> wrote in message 
> news:00f171a5$0$20665$c3e8da3@news.astraweb.com...
>>
>> "Bill Again"  wrote in message 
>> news:gbrc3a$vtq$00$1@news.t-online.com...
>>> It say here that Congress turned it down. So that's it then, America. 
>>> Will one of you put the light out?
>>
>> Jesus biggest one day loss on Wall St in 20 years.  I think there's some 
>> tough times ahead no matter what country you live in.  Is it time to buy 
>> toilet paper, food and guns yet?
>
> How ironic that in a newsgroup in which the predominant sentiment is "burn 
> baby burn" with respect to the United States that one would find those 
> same pundants with their collective mouths agape at the prospect that it 
> might ACTUALLY burn.  Could it be that they are in reality more concerned 
> about their own hides?  Yep.  Typical.
>
> George


As usual, you demonstrate that you can read but have little comprehension. 
Par for the course for a geologist I suppose.

"Bill Again"  wrote in message 
news:gc3h9s$l2r$03$1@news.t-online.com...
>
> "George"  wrote in message 
> news:MCbFk.41282$XT1.36844@bignews5.bellsouth.net...
>>
>> "vilemerchant" <spam@spam> wrote in message 
>> news:00f171a5$0$20665$c3e8da3@news.astraweb.com...
>>>
>>> "Bill Again"  wrote in message 
>>> news:gbrc3a$vtq$00$1@news.t-online.com...
>>>> It say here that Congress turned it down. So that's it then, America. 
>>>> Will one of you put the light out?
>>>
>>> Jesus biggest one day loss on Wall St in 20 years.  I think there's some 
>>> tough times ahead no matter what country you live in.  Is it time to buy 
>>> toilet paper, food and guns yet?
>>
>> How ironic that in a newsgroup in which the predominant sentiment is 
>> "burn baby burn" with respect to the United States that one would find 
>> those same pundants with their collective mouths agape at the prospect 
>> that it might ACTUALLY burn.  Could it be that they are in reality more 
>> concerned about their own hides?  Yep.  Typical.
>>
>> George
>
>
> As usual, you demonstrate that you can read but have little comprehension. 
> Par for the course for a geologist I suppose.

Enjoy your full course of ad Hominem while it lasts.  You didn't have 
investments in UBS did you?

George