Posted on 09/29/2008 2:01:05 AM PDT by arista
WASHINGTON - House and Senate leaders yesterday anxiously pleaded with skeptical lawmakers to accept a bipartisan $700 billion financial bailout plan, saying the package was crucial to calm the markets and stave off what they warned could be the worst economic crisis since the Great Depression.
Failure to approve the package, which bleary-eyed House and Senate negotiators agreed to early yesterday morning, would cause "an event which we don't want to conceive" of, said Senator Judd Gregg, Republican of New Hampshire and a lead negotiator of the package.
The House is set to vote on the bill today, and the Senate is expected to consider it later in the week.
Representative Barney Frank, a Newton Democrat and the chairman of the House Financial Services Committee, would not predict whether leaders had the support to pass the package. But he stressed that "serious harm will come" if the measure is not approved.
(Excerpt) Read more at boston.com ...
YES!
YES!
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YES!
YES!
YES!
"Conspicuous in their absence are any connections at all with any other group, moderate, or even mildly leftist. They are all radicals, firmly bedded in the anti-American, communist, socialist, radical leftist mesh."
Very well said, except Paulson DID know about this pending crisis. He testified last week he's been working on this bill for A YEAR!! They could have changed the accounting rules, ended mark to market, and repealed Sarbanes Oxley a long time ago. Clearly, everyone knew it wasn't working. And don't forget the illegals. They are now literally walking away from their homes and going back to Mexico, leaving entire neighborhoods empty. The so-called housing crisis already got $300 billion three months ago and it got worse! Jonathon Hoenig just told Fox and Friends this bill will turn a one year recession into a 10 year depression. Dear Lord, give the House Republicans the courage to vote no today, in Jesus' Name! This nation still is a force for Good. We're not going down now!
For $700B dollars I’d want the criminal enterprise known as the democrat party shut down, its leaders in prison including Frank and Schumer and all the rest of them. Anything less than that doesn’t work.
Leaders>Corrupt politicians, CEOs and bankers< plead for a yes today
That ought to be reason enough for every decent Republican to oppose this.
This bill is poison for republicans. The Senate republicans look like a bunch of whores who are bailing their buddies out. Bush seems to be trying to save his dead legacy at the expense of congress (he needs McCain to win though.)
It gives Pelosi/Reid ammunition for more government power and to slaughter republicans on election day. Only house republicans took a principled stand, and no one will ever know if they cave now (I don’t blame the republican house leadership who got beat up all weekend.)
I’m not sure what date I will pick as the date of death of the Republic. It will either be today when this piece of crap passes, or the day Barack 0bama is sworn in as President. But make no mistake: if both events take place, the Republic is dead.
You can put the Constitution in a museum next to the Code of Hammurabi.
Long live the United Socialist People’s States of America!
I would go with the date Obama is sworn in.
I can’t figure out why the democrats are wanting this so bad and why the republicans are so dead set against it. It’s Bush bill so it should be just the opposite. It’s Bizarro World.
Then the Dems should pass it already. They have the votes on their side, and Bush will sign it.
You folks out there should watch to see who voted Yes and who voted No.
Payback at the voting machine!!!! Let them know how you really feel!
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