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Hip Hip Hooray The Bill Failed
Cedd
Member Posts: 67
Count this as a VICTORY to the taxpayer. There is no need to throw more taxpayer money down the drain. As stated in another thread the FED tossed out 620 Billion of its own money after the bill failed and this still didn't FIX the problem. Saved the Taxpayer 700 Billion of our money.
Watch this for a closer look at yesterday.
http://www.youtube.com/watch?v=FGpS2qsh_5A
here is a list of the votes yea and nay to this bill. I myself will be voting for all my representatives as they all voted NO.
http://clerk.house.gov/evs/2008/roll674.xml
And here is a website that I have been following closely for past couple of weeks since this "Crisis" began. There is alot of good information IMHO here.
Please watch all the videos here. So far I agree with nearly everything this man has been saying all along. It has alot of information about the ongoing situation on Wallstreet and offers one set of solutions. He also cites other economists and their ideas that you can lookup aswell.
Take a few minutes of your time to get informed. There is no harm in looking into this and making your own opinions on how to proceed. If not at the website I listed then find another but get involved. All our futures are at stake here. Call your representatives and let them know how you feel one way or another.
I myself am completely against this proposed Bailout solution. I agree with the suggestions of the above mentioned website and going from there. But I will not willingly agree to throw 700 Billion in taxdollars in the garbage.
Cedd
Comments
Apparently the investors on wall street didnt like that the bill failed....The market dropped 777 points, the greatest single day drop in its history IIRC.
Dow was down 300+ points before the vote when everyone thought it was going to pass.
AND?
watched the video?
Cedd
That's misleading, even if technically true. It only dropped 7%. Still bad and highly significant, but it's dropped much more before this. We should try not to use absolute numbers to scare people like the media is doing because it increases their ratings.
fishermage.blogspot.com
If there's one thing people should read about the bailout, it is the single paragraph which comprises Section 8. I am not only amazed that I don't hear about Section 8 on every news program, but I am also amazed that someone would have the balls to actually put something like that in there.
WOW this only gets better and better. Do this our way or we VETO it. What a bunch of crooks.
http://www.youtube.com/watch?v=GqIFoBXGizc
Get in touch with your congressmen and senators folks
Cedd