The house just passed the Bail out bill. The final vote has not yet been tallied. A change of heart is said to do with the sweetners added to the bill such as the limited raised ( from $100,000 to 250,000) on FICA insurance on bank accounts and federal tax cut on middle income payers. Bill still needs to be signed by Bush.
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This is not 1929 yet, this is 1927 again. Wait two years into Obama presidency. Boooooommmmmmm!
Bush’s (and his ilk like McCain) right-wing economic beliefs got us into this mess.
Actually it was Greenspan the most guilty. He inflated the dollar for too much time.
Them it was Bush for the huge deficit and following two Clintos era laws.
The one in the HUD allowing and even pushing banks to give mortages to people that should never have be given one and the one that allowed banks to make risky investments in the Real State Market. That stated with Clinton and Bush right wing populism did not stop them. Now the bomb is set.
Obama most likely will win the election and will put the final detonator on it, tax hikes instead of dramatic budget cuts. Boommmm!
Obama unlike McCain truly believes the bailout will work in the long term. McCain went along for pure politics.
Two years. Just wait two years.
Saldy the on taking any sense was Ron Paul I agree with the Staglianos on that.
McCain is a hypcorite talking about earmarks and pork barrell spending when he voted in favor of it after they added all that shit in to appease republicans… republicans are the biggest abusers of pork barrell spending, to keep their rich snobby constituents happy…
McCain probably can’t use an ATM and you think he’s better equipped than Obama to handle this shit? Britney Spears makes better decisions than him… At the end of the day, all things being equal, at least Barack went to Columbia and then Harvard and McCain was in the bottom 5 of wherever the fuck he went to college… It takes a white kid a lot to go to Columbia and Harvard, you know how much of a genuis a black has to be to accomplish that?
As predicted, the bailout is not working, the markets still are going down.It was a band aids and a expensive one.