They are getting hammered with calls - please help out!

[newworker]

Call your Senators and House Reps!!!

At Ron Paul forums they are all calling in and the reports are it is about 100 to 1 against this bailout bill - we all need to do our part. Please take the time to call - stop browsing Brown Cafe and do something..

(Try not to cuss!!)

Find the DC office lines for House members here:

http://clerk.house.gov

Find the DC office lines for Senators here:

http://www.senate.gov
http://www.senate.gov/general/contac...nators_cfm.cfm
BURN UP THE PHONE LINES!!!

 

[tieguy]

Call your Senators and House Reps!!!

At Ron Paul forums they are all calling in and the reports are it is about 100 to 1 against this bailout bill - we all need to do our part. Please take the time to call - stop browsing Brown Cafe and do something..

(Try not to cuss!!)

Find the DC office lines for House members here:

http://clerk.house.gov
Find the DC office lines for Senators here:

http://www.senate.gov

BURN UP THE PHONE LINES!!!

Why?

 

[newworker]

SHOULD CONGRESS BAILOUT WALL STREET TO HELP MAIN STREET?

The Bush Administration proposes a $700 billion bailout to restore confidence in the economic system so banks start lending again. Without that, many other banks and businesses (and the jobs and mortgages) will fail they say. Critics say we shouldn't reward their bad decisions. Democrats say the plan needs oversight, homeowner protections and caps on executives' salaries. What do you think? Act quickly as the Administration wants a vote within days. Consider a hand delivered letter with Extra Impact. Start by picking your view in our Action Poll. (72,788 messages thus far)

9% say I Support the $700 Billion Mortgage Bailout
91% say I Oppose the $700 Billion Mortgage Bailout

 

[wkmac]

Why?

There was this fellow named Marx and he wrote this book which among other things contained 10 ideas and #5 read like this:

"Centralization of credit in the hands of the state, by means of a national bank with state capital and an exclusive monopoly."

For you thinking people, #2 is a progressive or graduated income tax. Do you think there is a relationship between the Federal Reserve Act in 1913' mandating a central bank and the 1913' 16th amendment income tax. Why does Marx think these are inter connected towards a central goal? Does one require the other?


But you know the best part in all of this? You finally agree on something with ole' Hugo. LMAO!!!!!!

Ashame Bush isn't running against Obama, I think he'd get Hugo's endorsement.

 

[tieguy]

I understand the argument about centralization and socialism. I agree we should not prop up the wall streeters and fat cats. I do think we should look to protect the interests of the average joes as a one time stop gap.

And then put the fixes in to prevent these events from recreating theirselves.

Doing nothing could reasonably lead to severe economic condtions that will hurt everyone.

A band aid or bailout could help restore the economy on a growth pattern. A growing economy can repay the 700 billion spent.

A recessionary economy with negative growth will also increase the debt burden on future generations.

 

[diesel96]

Once more, we learn that when powerful but bad people do the wrong thing, everyone eventually suffers. In this case, if taxpayers have to bail out mischevious corporations and foot the bill, while the guilty get rewarded plus incredibly rich, this is not only grossly unfair, it weakens our people an our nation. I don't care about transparency or if ryders are written in to prevent top execs from benefitting, but $700 Billion will be incredibally difficult to oversea entirely, and given it to the same powerstructure that got us here to begin with. How can we afford anything more than the basics when more of our money will be going to taxes paying for this bailout and the Iraq War debt. What about adequate healthcare, college tuition for our kids, personal investments, saving for retirement, protective armor for our troops, to name a few . Meanwhile, the guilty will be a far cry away landing on some remote island via a "golden parachute", living life to the max with umbrella drinks and no regrets. Perfect example, one of McCain's biggest supporter and mouthpiece Hewlett Packard's ex- CEO Carly Fiorina, rec'v a huge parting gift for being fired, between 22 to 45 million dollars meanwhile 20 thousand layoffs, the very kind of payouts that McCain has condemned in the last several days. I have no sympathys for these greedy bastards...

 

[tieguy]

Once more, we learn that when powerful but bad people do the wrong thing, everyone eventually suffers. In this case, if taxpayers have to bail out mischevious corporations and foot the bill, while the guilty get rewarded plus incredibly rich, this is not only grossly unfair, it weakens our people an our nation. I don't care about transparency or if ryders are written in to prevent top execs from benefitting, but $700 Billion will be incredibally difficult to oversea entirely, and given it to the same powerstructure that got us here to begin with. How can we afford anything more than the basics when more of our money will be going to taxes paying for this bailout and the Iraq War debt. What about adequate healthcare, college tuition for our kids, personal investments, saving for retirement, protective armor for our troops, to name a few . Meanwhile, the guilty will be a far cry away landing on some remote island via a "golden parachute", living life to the max with umbrella drinks and no regrets. Perfect example, one of McCain's biggest supporter and mouthpiece Hewlett Packard's ex- CEO Carly Fiorina, rec'v a huge parting gift for being fired, between 22 to 45 million dollars meanwhile 20 thousand layoffs, the very kind of payouts that McCain has condemned in the last several days. I have no sympathys for these greedy bastards...

This is a wonderful speech on the evils of the greedy corporation. The problem with the bailout will be that denying it will not selectively punish the greedy corporation. Instead Average joe and his family will recieve the brunt through lay offs as this economy goes into a recession.

 

[diesel96]

This is a wonderful speech on the evils of the greedy corporation. The problem with the bailout will be that denying it will not selectively punish the greedy corporation. Instead Average joe and his family will recieve the brunt through lay offs as this economy goes into a recession.

Let the wall street crowd implode and then sort them out with a metal detector. We are bound to find some gold and some rolexis in the pile. In the meantime, are layoffs foriegn to you? Average Joe's have been the sacrificial lambs of layoffs since the the GW adm.

 

[over9five]

And if the government allowed an implosion like that, they'd then be crucified for not doing something to stop it!

Not saying I disagree. In the long run, letting it fail is probably the best way to fix it.

 

[av8torntn]

As this bill gets voted down I cannot help but wonder if the reason was because of all they calls they received against.

 

[scratch]

Interesting how Pelosi blames the Republicans in one of her usual rants right before the vote and still can't get her own party to vote for this. Another fine example of her great leadership skills. The phone calls are probably working.

 

[av8torntn]

After the Dims stall all attempts by Congress to regulate the mortgage industry this mental midget stands on the floor of the house and gives this speech. I know the normal party line folks who will buy into this gibberish and try and come up with excuses but does anyone really believe this?

 

[edd_tv]

why not give the american people 700 billion dollars.
that roughly translates to around 400,000 each citizen. i guarantee you i could stimulate the economy then.

pipe dreams..

 

[705red]

Quick question! Is it in my best interest to cash in whats left of my 401k and pay the tax penalty or should i just wait and watch it disappear tommorrow?

 

[govols019]

why not give the american people 700 billion dollars.
that roughly translates to around 400,000 each citizen. i guarantee you i could stimulate the economy then.

pipe dreams..

I suggest you attend a remedial math class.

 

[UpstateNYUPSer(Ret)]

Quick question! Is it in my best interest to cash in whats left of my 401k and pay the tax penalty or should i just wait and watch it disappear tommorrow?

20% Federal tax penalty and you have to declare it as income on your tax return. We are also limited as to situations in which we can cash out our 401k(s). I checked mine this morning and it is down $2K from yesterday.

Losses (or gains) are only paper losses (or gains) until such time as you begin to access your 401k.

I still believe that this thing will turn around and turn around in a huge way.

705red, it is your money and I can understand why you don't want to see it go down the drain as I know how hard you have worked for it.

As for me, I am leaving my 401k alone and hope that Congress comes to its senses and passes a more appropriate bailout bill.

 

[Jones]

20% Federal tax penalty and you have to declare it as income on your tax return. We are also limited as to situations in which we can cash out our 401k(s). I checked mine this morning and it is down $2K from yesterday.

Losses (or gains) are only paper losses (or gains) until such time as you begin to access your 401k.

I still believe that this thing will turn around and turn around in a huge way.

705red, it is your money and I can understand why you don't want to see it go down the drain as I know how hard you have worked for it.

As for me, I am leaving my 401k alone and hope that Congress comes to its senses and passes a more appropriate bailout bill.

What he said. If you're convinced that the DOW is gonna drop another 1000 points (a distinct possibility), you could make an argument for moving the battered remnants of your 401k into the bond fund, but that puts you in the position of timing the market and you could easily end up turning a paper loss into a real loss. My advice is to let it ride, as Upstate said it's just a paper loss until you sell.

 

[wkmac]

What he said. If you're convinced that the DOW is gonna drop another 1000 points (a distinct possibility), you could make an argument for moving the battered remnants of your 401k into the bond fund, but that puts you in the position of timing the market and you could easily end up turning a paper loss into a real loss. My advice is to let it ride, as Upstate said it's just a paper loss until you sell.

The old addage, "never try and catch a falling knife" doth apply!


Just looked and Dow up 264 points so I think panic is not called for by any stretch even though the powers that be in Washington are trying their best to sell it by the truck load. Federal Reserve even as we speak is chunking money into the economy as I read yesterday they made another $600 bil available. Washington acts like this bailout approach is the last dying breathe of western civilization and I absolutely and completely disagree with that conclusion. Gene Kranz, flight director for Apollo 13 was famously quoted when someone uttered the face of failure in light of what was faced when Gene responded, "I beg to differ, I believe this will be our finest hour!" Gene proved dead on the money and if America will return to Free Market principles and not the Corporatism that dominates the market now, I do believe like NASA on that day, "this will be our finest hour!"

I believe in the greatness of America and it's way past time we trust agian in that greatness and it's not in the gov't but in the spirit, the innovation and the goodness of the American people!

 

[wkmac]

Finally, to the bill itself and I know refer to the House Clerk's office and the roll call sheet. Notice the following heading:

H R 3997 RECORDED VOTE 29-Sep-2008 2:07 PM
QUESTION: On Concurring in Senate Amendment With An Amendment
BILL TITLE: To amend the Internal Revenue Code of 1986 to provide earnings assistance and tax relief to members of the uniformed services, volunteer firefighters, and Peace Corps volunteers, and for other purposes

http://clerk.house.gov/evs/2008/roll674.xml

Notice under the above part Bill Title. What does all this have to do with with the bailout? Many Congresspersons are arguing they are not given time to look in detail much less discuss so in voting this down, could a great service have been done for the American taxpayer? I'm not suggesting some nefarious hidden agenda for volunteer firefighters or peace corp workers but why the attempted cover behind them in all of this? By attaching to a bill beyond the committee process, have they do so to avoid committee oversight?

The Federal Reserve as well as European Central Banks have on their own injected credit into the markets to stablilize and credit is available. From what I hear only 25% of subprime loans are in default with 75% to the good. Are we really being sold a bill of goods and to make it happen, transparency can not take place?

IMO, the first measure of oversight in not on business but on congress to properly vet this legislation through normal channels and not backdoor the taxpayer via the amended bill process. I believe Bush and Pelosi are in bed together and are trying to pull a fast one and the taxpayer handed the bill for the motel room!

JMO.

Audit the Fed!

 

[UpstateNYUPSer(Ret)]

The old addage, "never try and catch a falling knife" doth apply!

Best advice I've heard in a long time.