Democrats For Big Business, Free Marketer Socialists, and Christian Scientist Medicines: What Side Is Up Around Here?

"The way to handle people is to treat them like chickens. Take away everything they have by plucking all their feathers and then throw them a few bread crumbs. They will then follow you forever." Josef Stalin "How fortunate for leaders that men do not think." Adolf Hitler "The victor will never be asked if he told the truth." Adolf Hitler

Hey hey hey WTF?? We tune in last night to Fox Biz High Def and their is no Happy Hour?? No takes from the Ayatolla/Tzar/Fuhrer of Wall Street Cody Willard?? No reason givin for no Happy Hour,,, even on the margin scroll?? If ever their was a time for Happy Hour takes, tips and tales with CW and Ms.G it's now.

Is anyone else reminded of chicken litte? You know, "the sky is falling, the sky is falling." We Americans are more resilient and more intelligent than we're given credit for....even by our own "leaders." "They" kept talking about this $700 billion bail out using tax payer money but no limit on executive's "golden parachutes". Gee, when we regular peopls get fired/laid off, we don't get a "parachute"; why should they?? Let's have some common sense .... ooops ... forgot we're talking about the Federal Government and big business here. If they had common sense, the economy wouldn't be in this mess....

Thank you for pointing out the irony in the voting! Only one of my States six Represenatives voted in favor of the bill and I plan to make sure his constituents know it come time for his re-election. I have yet to find one person in my town that is in favor of this bill in any form. I beleive Main Street is better prepared to tighten their belts and let the chips fall where they may than Wall Street is. It doesn't take socialist policies to redistribute wealth like a certain Presidential Candidate will tell you it does. Market forces, can do it all on their own. There is potential for wealth building for those intimidated by the DJIA record growth. The market will reset and start its growth cycle all over again. Too long have we been encouraged by cheap credit to be a "have it now, pay for it later society." Those lenders/borrowers who have done so in a responsible manner will weather the storm. Those who have not can rethink their business model, count their losses and learn something from their mistakes or they can merely cease to exist. Either way is fine with me.

You discovered the SECRET: the Dems have been for big business for well over a decade, and it's the Republicans that are for "main street"/the "working guy". The reason for this being a secret is that the Dems are better at spinning. BTW, I just started reading your blog, and will definitely be a regular reader.

Let the free market work.Someone better tell Paulson he's not at Goldman Saks anymore. Why would we give him 700B anyway!He needs to step down after what he did in the aig bail-out,taking care of his buddy,the current ceo of goldman saks.

I'm disappointed in people like Steve Forbes, Alexis Glick, and especially Cheryl Casone. On "The Factor" last night she said "they'd better" referring to congress had better pass this bill and shove it down our throats. Why can't they get it. We the people do. We told our representatives we'd fire them if they didn't listen to us and they listened for once, although that's not the reason the press is giving for the vote down. Cody you and Dave Ramsey are a couple of guys from different perspectives but you are telling us don't operate in fear there are alternatives. But the press even on Fox News and Fox Business insist on continuing to bang the drum for the tax payers to pay. They say we ought to be really scared now that the market dropped 777 points and that now that it is the little folks money we ought to believe "the sky is falling". Well, we know "what goes up must come down" but given time the market will swing again...and they have time to investigate. For example, Senator Shelby has a list of 200 economists that say Paulson's idea and this bill is bad but the power hungry greedy people are still in power and refuse to hear the people or get it. And I for one, think Cheryl Casone and Alexis Glick need to sit down, be quiet, and cool off...we all should have a say not just those ladies. Alexis thinks we need this 700 billion because Ben Bernanke says so and he doesn't have anything to lose; but she is wrong. He does have something to lose--he didn't do his job. His legacy and reputation are on the line. His advice on the Economy is on the line because he is suppose to be the expert. This bill is being designed by the man with his hand in the cookie jar the deepest, Chris Dodd. We need fresh faces and people willing to look at alternatives not listen to "the sky is falling", "the sky is falling". That's my rant for now.

"It's the end of the world as we know it and I feel fine." I think there's a song with that line (REM). I woke up this morning expecting Asia and Europe to a smeltering cauldren of melted steel, NOT. Since the FDR years and the introduction of socialism our government has an excellent track record of doing the WRONG thing at the worst possible time. Paulson has already spent how billions to salvage companies with executives that execute plans as well as our government. STOP THE MADNESS! Frankly I think it is time for a little blood letting, maybe we can get some of this socialism flushed out of our system.

Wall Street had a hissy-fit YESTERDAY because they didn't get their bailout. The Futures Market today proves it. The Wall Street was trying to make a point that they want the Wall Street Bailout Package passed. I'm ticked. The American People are addicted to easy credit. The avarice MUST end. We are committing our future generations to financial failure. As Americans, we need to curb spending. It will be difficult; it will be very painful for a few. We need a restoration of realistic lending practices. The orgy of easy money must stop if we are to survive this financial crisis. Buying failed mortgages with the taxpayers money will not curb the lenders desire to loan more money that's feeding this monster. They must eat their cake! If they are not made to endure this self inflicted pain they have no incentive to correct their errant lending practices. The toxic investments will not make money. To a person, no one believes that these investments will return a profit. The money loss is an irritant to me but the biggest drawback is everything I see, everything I hear and all the support given to this proposal is to pass this bill so Americans can continue spending. We need to end the dependency to easy credit. Tell Dictator Bush that if he wants the American taxpayers support on this Wall Street bailout he needs to FIX THE PROBLEM…….NOT TREAT THE SYMPTOMS! He is clueless and he has finally pushed my to the brink. He is too stupid to understand responsible Americans are willing to endure the pain of an economic downturn in order to save the economy. Unrestrained spending by Americans using easy credit from companies using smoke and mirrors accounting NEEDS TO END!! Let me say that again: UNRESTRAINED SPENDING BY AMERICANS USING EASY CREDIT FROM COMPANIES USING SMOKE AND MIRRORS ACCOUNTING NEEDS TO END!! Regards, Fred Hafer Norfolk, VA

Cody, I just dont understand all these scare tactics. Well, maybe I do: -Democrats like to spend Money, our money, for bigger government under the camo of 'Its for the little guy'. This time there is no Camo for them. -When was the last time the Senate stood for anything that wasnt partisan. -Forbes and Buffett stand to lose more money than the masses will ever make. So it only reasons that we should help them maintain their riches, right? -Paulson may be a Christian Scientist, but he looks like a Mad Scientist telling me he needs our tax money, and my childrens. No! Maybe we just 'Flipped' the lights on and can see everyones true colors. Randy

In the Dallas/Fort Worth area, whole neighborhoods have sprung up on the back of bad paper loans. It is not uncommon to drive through these neighborhoods of $250K-$500K homes and witness cars on blocks and a goat roasting on the spit in the front yard--taking the definition of the American dream to a different level? These are the individuals who took loans and fully knew they could not make mortgage payments on these homes. My grandfather (not an FDR fan, to put it very lightly) was and my uncles are Kansas farmers. I have an uncle who still has the first nickle he ever made. These people have worked for everything they have earned and paid back any loans taken EARLY. It is outrageous to compare the two. Both types of people living in this country, knowing that one will have to continue to carry the other. How is this allowed to happen? It is sickening to see our so called lawmakers wad up the Constitution and try to use it as toilet paper. If we wanted socialism, we would live in Europe.

This shows that the financial elite are all cut of the same cloth when it comes to dipping their hands into tax payer pockets to protect their interests. The Congressional leadership, Warren Buffet, Steve Forbes, most media and CNBC commentators all profess various philosophical views, but they are united when it comes to this. Now we see them as they really are, when they think their interests are at stake they are unconcerned about the regular folks and their children's and grandchildren's future. However I am certain that we will have very, very difficult times whether or not the bailout eventually passes. The passing of a bailout package and the inevitable inflation and high interest rates that will follow will make everyone's life miserable. Let the elite share in the misery too. I can only hope that eventually we will have a real revolution (a peaceful one) and realize that Governments are supposed to be "of the people, by the people, and for the people" and electing for our representatives politicians who really believe in that motto. Kudos to the American people who put pressure on their congressmen to stop this gaming of the people. We did it once before with the immigration issue and the phony promise to secure our borders and that got some results.

Cody, please explain on your show how 5% mortage failures resulted in this mess. Is 5% really that critical?. Thanks, Perry

Wow... Cody, you are doing great man, but please make sure that all sharp objects are taken away from your associate Cheryl Cassone. She is getting pummeled in her blog entry supporting the bailout. In fact, she took down my comment... erased it right off the website. I have never had that happen before. I would expect that at HuffPost or Daily Kos, but at an FBN blog site? Wow.

Cody: Please list the ten top items of this bailout bill. Everyone keeps talking about this thing, but little about the actual contents is being discussed. Thanks.

http://www.youtube.com/watch?v=QPlMmwOq7U8&feature=related Warren Zevon Lawyers, Guns and Money

If the stock market goes down to 9k, or 8k, then so be it, it will rebound. We have to get all this bad debt out of the market and I don't think we should be buying it. What incentive do these companies have to try to move the bad debt for 20 cent on the dollar when they know Unlce Sam is about to give them a 300-400% premium on that? All in all, I don't see how this is going to be resolved until housing prices stabilize as that seems to be what is driving this whole process. These bonds are "junk" now because the houses are worth less than the debt is, no wonder you can't sell them!

This bailout (Oh, some don't like it called a bailout do they?). Well, this bailout was a flawed piece of policy and a flawed piece of legislation. The American people spoke convincingly and now we have the president and speaker of the house trying to jam it down our throats! I recommend that we all hit the phones, e-mail and fax machines hard again today (despite the fact that our Congress is on vacation). Let them know that if we have to tell them twice that their jobs are in jeopardy. Are those with the "yea" votes going to feel comfortable coming home to their districts explaining this? I think not. The days of the "mega economy" are hopefully over. Mega this and mega that was the downfall of middle class America and the rise of shadow money taken from the hides of Main Street. If there is one thing I know it's this: When banks, drug companies, hospitals, insurance companies, the federal and state government, investment houses and other like "non producers" are the only thing in my face every day then we have a PROBLEM. Now we have the perfect opportunity to rid ourselves of these rats. Let them all go down in flames and get a job.

We should follow this victory for the citizens by publishing a list of the Friends of Angelo. I would pay to see Mr. Mozillo in cuffs. We need more stories on the corruption in Washington and Corporate America, kickbutt and take names.

I've been saying for years now that we need a 3rd option. These so-called "Representatives" do not represent the people. They represent special interests and their own political parties' view of what is right. They don't care about us. They only pander to us when they need our votes. Let them all burn, and Wall Street with them. I called my rep (Dave Obey D-WI) today and told his staffer he would lose my vote in November if he voted for this bill. Which he did. I guess one vote really doesn't matter anymore.

Cody-- From a fellow Warrior, thanks for continuing to bang the drum for the little guy. If you want to find even more people against the bailout, come four hours east to Lubbock. Nobody wants it around here, either. --Jason

My favorite Bailout comment so far, "we were within 500 trades from Armageddon." Steve Forbes is embarrassing himself. These guys are so smart and the Government will make sure we know that. Big ups to your family in NM the real people will be fine.

I can't believe we can blog, the world was supposed to end if we didn't get the deal done by "the open of the Asian market." This whole deal really shows the difference between our government and the people. They don't represent us anymore, period. Dems or Reps. I watched Steve Frobes on Cavuto tonight, Mr. Capitalist with benchmark capitalist magazine, I've lost a great deal of respect for him. If this bailout doesn't go through and we end up fine, there are a few strict capitalist like Buffet and Forbes who should get lost. Sellout losers. This situation really gives us a transparent look into some of our business heros and I don't like what I'm seeing. Knock it down and let a new generation with new fresh ideas take there spot. New energy and information revolution. Bye Bye old Wall Street. Just a note, if any of the Wall Street kids or grandkids need a job I may have one at the shop for you. I love it. God Bless your hometown Cody and real people.