The Good News: Any Politician Who Votes For This Wall Street Bail Out Plan Will NEVER Win Another Election

If I had as poor of an approval rating with my employer as congress does with the American public then I would be pounding the pavement. The congress wants the U.S. taxpayer to foot the bill for the poor business decisions of Wall Street. I have noticed that Congress havent stepped up to the plate and offered to give up some of their perks. If there is any justice the American public will fire these idiots on November 4th. To the rich dude...Why should people that have no or little debt bailout those that made the wrong bet on the market? Get real and take your medicine!

I agree totally with Eric, our kids don't deserve this. Anyone with half a brain should have seen this coming years ago and prepared for it as best they could. Let's get all of this over with right now, the smart and the strong will survive and we will all be better off.

Hmmm...lets hope that Mark Stamoulis is not in government negotiations. In order to give everyone a $425,000 check...the amount would need to be $85 trillion. Try to post something intelligent next time.

The simple solution on 'any' bailout...keep them all back in Washington for an extra 'mandatory' 2 weeks...i.e. you can't go back to your districts for 2 weeks - so you might as well get to work on the bill and actually understand it before you vote. 1) Discuss and describe for the American people the pluses and minuses of each part of the bill. Also, the 'scope' i.e. "Why do we actually believe $700B is enough?". 2) Show the American people some example test cases of the bill 'in operation'. 3) If possible...do 'one deal' to show us how it works - I think this should be easy with the amount of distressed paper available to work with :) 4) When it's operating: Weekly update of how the $ is being spent after it is enacted. *It's the responsibility of the representative from each district to understand the entire bill and be able to explain and justify it to their constituents. I expect them to read, understand and back it before they vote Y/N on it. BTW: Maybe we can use some of the 'Educational' parts of Public Television (which I think we taxpayers are funding) to actually educate the American people on this. Yes, you may have to 'bump' some cooking or British Sitcom - Oh well. Set up round-tables of the politicians, economists, reporters, etc. and have real 'open discussions' vs. the dog-and-pony hearings we see in Congress.

Just to point out to those who want to blame the current politicians, or those who took out loans, for this mess, the real fault lies in our socialized monetary system. Basic Austrian economics teaches us that the pricing system of a free market incorporates the values, needs and desires of all consumers, of everyone. This pricing system automatically adjusts for supply and demand and provides the feedback necessary to keep the economy balanced. Without a pricing system there is no feedback and dictators and bureaucrats try to adjust for all of the values, needs and desires of the entire society. This is doomed to failure as a single person, or small group of persons, can never decide what the appropriate levels of production are and match them to consumption. The Fed (a private bank) is a socialist system of money. Pricing of money, generally expressed in terms of interest rates, is adjusted by bureaucrats about once a quarter. They make their "best guess" as to what the interest rates should be to keep the economy moving along. Since there is no actual feedback of a real market system to provide pricing of money they are guaranteed to get it wrong sometime. Such an error will, eventually but inevitably, bring disaster. Since the monetary system underlies our entire economy it is inevitable that such a pricing error will destroy the entire economy. There is no way for a small group of people to be accurate enough to keep things going forever. This is what happened in the Great Depression and what has happened over the past 7 years. In an attempt to keep the economy going after the .com bust and 9/11, Greenspan dropped interest rates. This eventually resulted in excessive credit and money creation, to which Greenspan's response was to jump the rates quite rapidly. This increase in interest rates resulted in a credit bust, for which the Fed's only response was to, once again drop interest rates. With this drop it was perceived that the only "safe" place to put money was real estate. This resulted in a bubble in real estate that is now collapsing, and bringing the major banks with it. It's really tough to even blame the bankers, beyond their support of the system as it exists, as they were only responding to the pricing pressures of the money they had available. It's ludicrous to blame the borrowers who don't have a clue how this system works. Ron Paul and the Austrian economists have been telling us for decades about the problems but the politicians and the media do their best to see that these warnings are ignored. To blame consumers for taking advantage of low prices is ridiculous. Especially when those low prices are set by those that supposedly know better than the market what the prices should be. Keith

If we were both eductaed and cared about this country, Ron Paul would be elected. Having said that, Buffet just put 5 billion on Goldman assuming the government would come through. I would love to see him lose his shirt for assuming we taxpayers would pay to see his investment increase in value. It is also important to note that 55 congressional officials have their biggest donor in Goldman. Paulson was the former CEO. Would be great to see these folks suffer for once instead of getting richer off of us.

One must have faith that enough Americans will feel the uncertainty and take it upon themselves to look thru the smoke and mirrors to find out what really is going into the pockets of the Politicians making profits from all this reported "Doom and Gloom". Certainly, we believe that the media has the inherant right to seek out the truth from the same Politicians rallying around the President crying; "The sky is falling, the sky is falling". But, I fear that they are going to depend on the same Politicians to explain to them, the relevance to taxing the American people billions of dollars to keep a theoretical economy afloat. I have to agree with many of the previous comments that would rather the Government entrust those billions with the average American taxpayer, who would balance out their own economics in their own communities... rather than the linings of those who fleeced America in the first place. Perhaps the economical disaster predicted in Washington will be enough to inspire voters to remove "the status quo". You can't pay for Fantasy Football if you havent enough to fuel the Chevy Silverado parked outside the back door. Semper Fi!

KUDOS Cody, However, if this bill passes, elections won't matter. America as we know it today, will not be the same on election day. What do I mean? The heart of this matter is not the "credit crises." The credit crises was created to get your attention and be used to "squeeze" you into panic, fear, and hasty action. So what is the heart of the matter? Ask yourself: Who will we borrow the money from? The Federal Reserve. Who helped create the credit crunch (besides our idiotic lawmen in DC)? The Federal Reserve. Who stands to unequivocally benefit from this legislation (I mean the very top, not the democratic/republican money & placement snatchers)? The Federal Reserve. Power to the very top. That leaves us on the bottom. Recognize socialism? Now ask yourself why? Seems simple. They give us money we could never repay because their agents Paulson and Bernanke will be in charge of it. Our full US assets will essentially be equal with our national debt...with our national debt increasing with interest and our assets declining in value... What will this mean for mainstreet if this passes? We won't feel too much of a grip at first, but do not be deceived by initial calm. THE FEDERAL RESERVE WILL OWN YOU. How? Agents Paulson and Bernanke will have the ability to come in and take over every savings and loan, bank, credit union, and financial insitution laid in this land. Oh, who do you think lends for a lot of our infrastruture? Guess who'll own it afterwards? Are the clouds parting yet? Then comes 'MODERNIZED FINANCIAL REGULATORY REFORM.' Oh, yes. Every bank will be changed to meet the ever greedy hands of the leader of our central banks. They'll decide who can buy, sell, borrow, and be insured. Oh, didn't you know that AIG is nationalized now? Hmmmm... The government via the Feds already to date owns 60% of all US mortgages. (By the way, the Fed Reserve does NOT belong to the US government so when you hear that malarky spoken, when you think Paulson and Bernanke are "looking out for the American people", look back at the 1913 law that created the monster!) Hmmm...Let's take a look at what Bush said in his first speech...something to the effect of "The Federal Reserve will have the authority to stabilize practices that affect economic stability." UNPRECEDENTED POWER FOR THE FEDERAL RESERVE...WITH UNPRECEDENTED POWER FOR PAULSON AND BERNANKE OVER THIS HEMISPHERE -- not just America...no power for the people. It's a debt we cannot be allowed to owe. We'll never recover. Now you see why elections won't matter if this passes? Americans, you're not stupid like the news media says when they say "you don't understand." Even on FOX business, I might add. You're not stupid like the administration would have you believe. So if not, why aren't you jamming the lines to Washington? Our forefathers "mutually pledges to each other our Lives, our Fortunes, and our sacred Honor." Many died paupers following the Revolution. Many today may lose everything. You may lose everything, but is keeping it worth your freedom? We are standing with George Washington at the Delaware River, folks--the waters are rough, cold, and angry. We are tired, hungry, and weary. We must decide -- to we give our pledge as our forefathers did and cross that river, or do we retreat into a lifestyle that is more pleasing to us because it's easier and won't hurt our credit crises living style? What's freedom worth for you? I pledge my home, my savings, my all to stop this. Is there anyone out there who'll stand with me? If so, call WASHINGTON--let them hear it!

Cody, 100 % on the MONEY ! Al Gore called for " civil disobedience " over the wrong issue. We must stand up for our rights and our future in this mess that was created by a debt driven economy. Dave for Sec of Treas.

Keith I don't think people are blaming consumers for taking advantage of low prices, I think people are blaming the dolts that thought just because the price was low, that meant that no only they could afford it, but that they somehow deserved it. Further, the blame for allowing this to happen squarely rests on the shoulders of the greedy that furthered it for their own self-interest, and all of the policy makers that allowed it. Monetary policy does not operate in a vacuum; therefore it cannot be solely responsible for this mess.

The incumbants supporting the bailout are toast. This is probably better than passing term limits. Potentially a third of the Senate and all the House members could be gone!

Who is the most untrusted group of people in the U.S? Who is the second most untrusted group of people in the U.s? If those two questions are asked of people, the majority will answer 'politicians and the news media. So my question is: Why do we sit around on Sunday watching the second most distrusted group of people interview the first most distrusted people and expect to walk away with solutions to the problems?!

I have called my Congressfolks and told them that if they vote for a bailout or abstain, they will lose their job. In other words, vote against the bailout or lose your job. Ron Paul was right. www.campaignForLiberty.org to learn more.

I'M against all bailouts of banks and finicial companies..If the government wants to bail out something..Then bailout all Americans 18 and over...

If anyone wants an unbiased report on why this will not work do a search on the Weiss research inc. report. It is good stuff. We the legal American public could stop this if we just stood up together. If this crisis causes this to happen it will be worth it.

Cody, You are 100 percent on the money. For those of you who believe that 700 billion will do the job: Rule of thumb for government estimates. Double the estimate for the first six months, triple for the next six month period, 33.5 percent for each following six month periods attributed to unforeseen inflation adjustments.But we are already at 1.8 trillion.Know when to holdem know when to foldem know when to walk away!NO BAILOUT!