Quick Take: Get a Load of This Bill

I like this one... Title III, SEC. 308. INCREASE IN LIMIT ON COVER OVER OF RUM EXCISE TAX TO PUERTO RICO AND THE VIRGIN ISLANDS

I recommend the reading of two books published in the "60,s". The authors name is Stormer, and the titles I believe were, Death of a Nation, and Some Call it Treason.Why would I recommend these books, only to point out that this current mess is not a surprise to many.Those that relied on the mainstream media for their information are the ones who are so upset and surprised.Remember, the so called "best political team" in the world never forwarned you,matter of fact they are part of the problem.

Maye it was never really meant to be financial bill? Looks more and more like a pork bill all the time. Very little talk about the financial aspects lately, just the add ons. Why would we suddenly believe those pinheads anyway? Just another way to get more from those that have and give to those that don't!

These people are so arrogant, do they really believe the American people are totally stupid when most of them can't get out a grammatically correct sentence! Where have they posted this 406 pages? What don't they understand about, "NO!" They will probably pass this enslavement of our children bill, but the PEOPLE will get the last laugh in November when they vote out EVERY incumbent!

when it comes to finance I wouldn't trust a politician if he knew Rocky and Bullwinkle. In fact Rocky and Bullwinkle could dream up a more sensisble bill. Now Senator Schumer? He has issues with Indymac when he released that letter that wrecked the California Bank. I can understand his constutients are on Wall and Broad but there is much bigger picture. By the way I read HR bill Stabelizaction Act. I found a lot of flaws in it and overall the bill deserved to be voted down. When I read all 110pgs my own evaluation of it was that it was that it wasn't clearly not given a lot of thought. Consequences of the actions weren't considered. Now why give power to the treasury secratary and the Federal Reserve? I honestly found more problems in it than answers. One of the problems was cost pricing the mortgage securities and not cost item down the 700billion which the administration requested. Now 400pgs on this new one? Could the senate vote this down too?

As Ron Paul said to Congress already: In conclusion, there are three good reasons why Congress should reject this legislation: a. It is immoral - Dumping bad debt on the innocent taxpayers is an act of theft and is wrong. b. It is unconstitutional - There is no constitutional authority to use government power to serve special interests. c. It is bad economic policy - By refusing to address the monetary system while continuing to place the burdens of the bailout on the dollar, we can be certain that in time, we will be faced with another, more severe crisis when the market figures out that there is no magic government bailout or regulation that can make a fraudulent monetary system work. Check out Ron Paul's website! He is one of the few who has the right ideas.

They are trying to buy us for 1000$ and it's not even for the main tax payers. Looking at all of the blogs online, I haven't seen a shift in sentiment to this bill. They are stuffing this thing full of special interest crap and in No way does that protect the tax payers

Morons in the House & idiots in the Senate. If this Bailout passes, we need to "Tar & Feather" every single politician that got us into this mess from both sides of the aisle!

No, no, no, NO! What part of NO does congress not understand? No bailout in any shape, form or fashion!

The Whole bill ADDS a GREAT DEAL OF DEBT. The AMERICAN PEOPLE WILL NOT BE BOUGHT OFF. Vote YOUR senator out of office if they vote for this OUTrageous RIP OFF! WE are being LIED to and Manipulated by CONGRESS. ANOTHER BILL We CANNOT AFFORD

Any one in the house or senate that votes for this bill needs to be replaced. recall elections for those not already up for re election. i seen a poll yesterday that said 71% of the Amercian people were against this bail out of the fat cats on wall street. The bill is real socialism at it finest. It needs be defeated. I have told my friends if it passes we all need to quit working. Nation wide walk out. Hit the government in the pocket book for a week and see if they step back in line.

The entire concept is upside down! The REFORM needs to be on the BANKS and not so much the MARKETS. We have allowed the banks to control our very existence. Debt = Money in our economy. Our paper bills are backed by nothing other than a promise to pay. Arithmatic laws of exponential function are completely ignored but are true just the same. Eventually--with every resource--there lies an end to its availability over time. With banks, however, the arithmatic is "gray" because the banks do not have money. Central banks do not have real money either. All banks trade "electronic money" where none of it is backed by anything. Once "investors" cease to have faith in "repayment" then the entire system collapses. No matter how much money is infused into the system (since it is notional), the system cannot operate without the production of goods and services that allow "borrowers" to repay. It is the repayment of the "loans" (which is money) where we have encountered the problem. Why you ask? My conclusion is that the applecart has been upset by loose credit and increased prices in oil. We crunched the "repayment" side of the equation, which then turned what was "money" (in the form of debt) into useless promises. Since we (as in the USA) produce fewer and fewer "goods" (which allow us to pay the interest on the "debt" (which is the only "real" money), we are not struggling because the normal course of creating money through debt is out of balance. Basically, we are either refusing or cannot pay the debt---so the money is no longer real. We are now drafting a plan to throw more fake money at the wrong end of the problem. Instead, if we are going to create more money (via debt), we should wipe some slates clean on the "repayment" side because that is the only real money! We have elected 435+ morons for the most part. We have allowed the banks to gain control of our monetary system--and worse--and foreign investors to call the shots! What are we doing here? Does the Senate leaders truly believe they have the intellectual capital in their midst to tinker with the fundamental problem laws of exponential function? I think not! Our Congress can tinker all they wish--and we may stave off an immediate run on the banks--but the truth is we need massive reform of our monetary policy and banking industry. Simply put: We need to get back to the basics and transfer the center of gravity back to the production of goods in this country! It is only through the production of goods and services that the debt+interest (which is all money truly is) can ever be repaid. If all of the money in the world was to be "rounded up" and secured in a building it would not add up to the amount owed in debt!

I keep hearing about how banks are too leveraged, what about the american people. I know people who use credit cards for gas and good. Some take out mortgages with no money down and can barely make the payments only to not pay a bill when gas prices go up. My point is, not only are banks too leveraged , all of america is too leveraged. Until i see some legislation that addresses the whole problem, i will continue to call on my congressman and senator to turn down all bills that come to the floor.

The dire warnings, of the end of the world sort, that are being used to ram thru some kind of bailout bill remind me a lot of The Ticks' Argument. In case you're not familiar with it: Dog: "Mr. Tick, why do you have your head buried in my flesh?" Tick: "I'm saving your life." Dog: "I don't understand. Please explain." Tick: "By sucking your blood, I'm encouraging your system to make fresh blood thereby maintaining good health." Dog: "Oh, ok. Thanks." Well this dog ain't buyin' it. Time to scratch.

if this is the case then the bill again needs to be defeated, and the people adding pork to this bill needed to be named publicly. Watch out for ACORN and union members on the oversight committee again.

Brian, 'Despite assurance by New York Senator Chuck Schumer ' and you believe this guy? Anything that dope says is sure to arouse suspicions. If this bill is to happen then it MUST contain the minimum amount of legislation to address the credit problem.

Brian, I do agree that assistance is needed to minimize the financial problems. The House Bill was a joke. Now the Senate comes up with their joke. Raising the FDIC insurance to 250k for ONE YEAR will not do much. I would look for a longer guarantee than that. As for the rest, not much help for the basic problems.