Bailout/rescue 2.0 passes both houses; Bush signs it. They hurry if they have to

Re: Bailout/rescue 2.0 passes Senate, heads to HoR

He must have voted, because they got to 99 and I know Kennedy didn't vote.

I don't want to do the math, though.

 

Re: Bailout/rescue 2.0 passes Senate, heads to HoR

Senate threw in a lot of earmarks as amendments: AMT fix, mental health funding, FDIC increase in deposit insurance, tax breaks a-go-go, etc. That's lots of poison in that pill for House Republicans to swallow.

But maybe that's the idea.

 

Re: Bailout/rescue 2.0 passes Senate, heads to HoR

Really? Did you listen to Reid and McConnell afterward? If I'd had a gun in my hand I would have blown the TV into a gazillion pieces.

 

Re: Bailout/rescue 2.0 passes Senate, heads to HoR

This is why I hate Congress. Earmarks. Should be illegal. Each bill should have a single question. And the final numbers clarify why Republican does not equal conservative.

 

Re: Bailout/rescue 2.0 passes Senate, heads to HoR

Nope, I was just going by the vote.

No idea if this was a good bill or a bad bill. Merely pointing out that the Senate seemed able to vote on it without the sturm and drang surrounding providing cover for anyone in a tough race.

 

Re: Bailout/rescue 2.0 passes Senate, heads to HoR

Yep, the house is burning down, and instead of just appropriating enough money to put out the fire they also buy everyone else in the neighborhood a new car as well, and give the richest neighbors a tax break.

 

Re: Bailout/rescue 2.0 passes Senate, heads to HoR

Another web search revealed that Imhofe (OK) who is up for re-election, voted against it.

 

Re: Bailout/rescue 2.0 passes Senate, heads to HoR

For what it's worth, I talked to a home builder yesterday who was firmly against a bailout, saying the original bad mortgages would be worked out by the market, and that he didn't want the people who precipitated the economic mess in the first place spending all that money on a solution.

 

Re: Bailout/rescue 2.0 passes Senate, heads to HoR

The biggest problem with this market is that so much of the assets are controlled by people not of this country. If the cash flow is self-contained, the wealth is still there and even when we've got insanely-wealthy and irresponsible people up at the top, when it's self-contained, it has to rely on people at the end of the chain to purchase the goods to keep it going.

 

Re: Bailout/rescue 2.0 passes Senate, heads to HoR

Well then he's got nothing to worry about because those same people won't be spending the money on a solution. They'll be spending it on pizza ovens for their mansions.