The Cody Word
  • October 3, 2008 11:42 PM EDT by Cody Willard

    Just The 30 Most Recent Reader Comments On This TARP Extortion Package of 2008: Is It Time to Vote For Revolution?

    Well, we live in a trailer at the edge of town,
    You never see us 'cause we don't come around.
    We got twenty five rifles just to keep the population down.
    But we need you now, and that's why I'm hangin' 'round.
    So you be good to me and I'll be good to you,
    And in this land of conditions I'm not above susapicion
    I won't attack you, but I won't back you.

    Well, it's so good to be here, asleep on your lawn.
    Remember your guard dog? Well, I'm afraid that he's gone.
    It was such a drag to hear him whining all night long.
    Yes, that was me with the doves, setting them free near the factory
    Where you built your computer, love.
    I hope you get the connection, 'cause I can't take the rejection
    I won't deceive you, I just don't believe you. - Neil Young, Revolution Blues

    Let's start by voting out EVERY SINGLE INCUMBENT WHO VOTED FOR THIS UNCONSTITUTIONAL bailout bill. Vote independent if you can, but at least get rid of every single politician who just sold your Constitutional Rights out from under you. Revolution blues indeed. I am so saddened and scared about what they just passed over on us.

    1.

    omment by j t (r-co)

    Oct 3rd, 2008 at 12:04 pm Edit

    here’s an idea america. not only should we fire our congress members that vote yes, but lets take a stand.

    if they do pass this bill, i say we take all of our money out of whatever banks they are bailing out and put our money in the other banks and credit unions. these banks deserve to go out of business for their poor decisions and greediness. if the government wont do it, i say we as americans take a stand and stop these banks from ruining more lives and costing us more money.
    2.

    Comment by Steve

    Oct 3rd, 2008 at 12:30 pm Edit

    Banks have become a cartel just like OPEC.OPEC witholds oil to get more money and banks hold back money to get more money.We, the taxpayers get the short end all around.

    I say that we let the greedy one’s fail. I do not believe that turning into a socialist society is in the best interest of this country.

    Those that were dumb enough to sign on the dotted line for something they knew they could not affford should not be bailed out. Those that provided them with loans that they knew were not appropriate and could not be paid back should also loose and they should be given a one way ticket to jail.

    I plan on NOT voting for my representative who voted for this socialist bailout.

    I will write to her and ask her to send me the paperwork so that I can have the government pay off my house, send me monthly checks to cover all of my expenses including GAS. Afterall, she has chosen the socialist position so why not try to get what the undeserving are going to get.
    3.

    Comment by Steve

    Oct 3rd, 2008 at 12:32 pm Edit

    I plead with any and all of you to vote out any and every single politician who votes for this Wall Street Bailout Package of 2008. Vote for independents if you can…

    Cody, as good as this would feel… it will turn the country over to the Left. This is a war, not politics. Fiscal Conservatives can feel all good and righteous about turning out our own, but the ideologues on the Left will sweep in to power. They don’t care if they bring down the country. They want power. Your advice will give it to them.

    Thomas Sowell had a great quote: I’ve lived through near disasters and complete disasters. If you ever get the chance to vote between the two, vote for the near disaster.
    4.

    Comment by JD

    Oct 3rd, 2008 at 12:45 pm Edit

    I will vote against every politician on the ballot who votes for this bailout. You can consider it done.
    5.

    Comment by BHoy

    Oct 3rd, 2008 at 12:53 pm Edit

    You seem to be the only one on fox who understands econ theor. Two books in my life have blown me away: Hayek: Rules & Order (Vol 1 of 3) & Freedom & the Law, Bruno Leoni. Your team keeps talking about the importance of “confidence.” Well in a confidence game it is important & the world economy is based on paper money confidence is the only thing that matters. Sad day for our country. Sad that our leaders (and media)moan that the people don’t understand. But the people do and it’s the people who are willing to take on the burden of doing the right thing: correcting the bubble and our leaders want to hang on to their power & privilege.
    6.

    Comment by NIck

    Oct 3rd, 2008 at 12:56 pm Edit

    “They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety.”
    7.

    Comment by jon

    Oct 3rd, 2008 at 1:43 pm Edit

    We need to push now for criminal charges for the leaders of these institutions after we kick out the ones that voted for them.
    8.

    Comment by RYAN

    Oct 3rd, 2008 at 1:55 pm Edit

    Well, the bill has passed the House.
    “Crisis” averted, Salvation has come.
    Unfortunately my vote for McCain will not.
    9.

    Comment by DT

    Oct 3rd, 2008 at 1:59 pm Edit

    IT PAYS TO STEAL BIG!
    Today our corrupt, bought and paid for politicians, rewarded crooks on wall street for stealing and actually losing doing it. They decided to give our taxpayer dollars to make up for their losses.

    Let this be a lesson to young people, if you want to be a crook, be a big one. Small theft will surely land you in jail. But, steal big enough and pay off enough politicans and you can walk.

    Next up is to see politicans and wall streeters teaching college courses and writing books on the steps to take to steal trillions and get away with it. Yea baby I can see the infomertials now with politicans and wall streeters having the whole system on dvd for sale at $249, but if you act now, $199.
    10.

    Comment by Susan B.

    Oct 3rd, 2008 at 2:25 pm Edit

    What a very, very sad day for America. I give them about six months before they are back asking for more… maybe they will listen to the people then.

    To my kids: “I am so sorry.”
    11.

    Comment by Glenn

    Oct 3rd, 2008 at 2:42 pm Edit

    Cody,

    Maybe you can straighten out some folks on the show today that no one seems to be pointing out.

    The 400+ page Senate-revised Paulson Plan is the pork! It was added to an existing appropriations bill passed by the House. It wasn’t pork added to the plan, it was the plan added as pork.

    McBama voted for the largest pork ever!

    Vote third party.

    P.S. My representative stuck with his no vote today and I called and thanked him. One Senator is up for re-election and a libertarian is running against him - so I have another choice.

    P.S.S. The constitutional will of the people was sold for a 777 point drop in the DJIA. A sad day.
    12.

    Comment by michelle

    Oct 3rd, 2008 at 3:24 pm Edit

    Maybe the bill is supposed to save main street, but has anyone given any thought to the fact that the very people who buy homes they cannot afford are not the ones who can afford to buy stock? I hope this bill backfires on all those politicians who voted for it,a dn Wall St as well.
    13.

    Comment by Scotty

    Oct 3rd, 2008 at 3:29 pm Edit

    No need to trade anymore, the government is making investments for me. I wouldn’t have bought distressed paper, but hey did I have a choice. Quick question, I’m searching for a way to incorprorate government intervention into my trading strategy? There is a sense of urgency given the almost certain demise of the short sell.

    Did I say, what a humanitarian Warren Buffet is, sellout. Thanks Warren, your such a genius, that was easy for you. Your a genius because you can’t fail. If you had to play like everyone else you would get killed.

    Don’t worry everyone Buffet says, “we’ll make money on this deal.” I love his help. Thanks Warren. You can go away anytime now, and take the rest of the sellouts with you. List of financial sellouts coming soon!!
    14.

    Comment by Scotty

    Oct 3rd, 2008 at 3:47 pm Edit

    Who cares about the presidential election now, focus must immediately shift to the undisputed highest position in the land, Secretary of Treasury, amazing and we can’t even vote for this person. And this is different form China how? This may fade from the public eye, but people will write books about this situation. Not a Bush hater, but it really is amazing what we have been through as a nation under this President. It’s really unbelievable.

    1 SEC. 2. PURPOSES.

    2 The purposes of this Act are—

    (1) to immediately provide authority and facilities that the Secretary of the Treasury can use to restore liquidity and stability to the financial system of the United States;

    and

    (2) to ensure that such authority and such facilities are used in a manner that—

    (A: 28.71, +0.57, +2.02%) protects home values, college funds, retirement accounts, and life savings;

    (B: 16.28, -0.45, -2.68%) preserves homeownership and promotes jobs and economic growth;

    (C: 18.10, -4.40, -19.55%) maximizes overall returns to the taxpayers of the United States; and

    (D: 42.19, +0.10, +0.23%) provides public accountability for the exercise of such authority.

    Thanks Cody for your voice on this.
    15.

    Comment by The J

    Oct 3rd, 2008 at 3:50 pm Edit

    Great, it passed and confidence has returned to the market, that was a close one. Red number are the good ones right?
    16.

    Comment by JAMES FULLER

    Oct 3rd, 2008 at 3:56 pm Edit

    I WANT TO GIVE UP. THIS IDIOTIC CONGERSS IS SO ENTRENCHED, EVEN THE BALLOT BOX NO LONGER MATTERS.

    THE “CAPS” ARE FOR A REASON.

    I no longer have a party I can vote with.

    Thanking you in advanced because the odds of being able to later is very up in the air,
    James F.
    17.

    Comment by Orlando

    Oct 3rd, 2008 at 5:16 pm Edit

    From this depressed, angry, sad and terrified, capitalism loving, free market supporting, conservative, freedom loving, naturalized american citizen with a history of voting republican, cuban-exile, I just want to say to you all.

    Good Luck “comrades”. Welcome to where I was born.

    Things to remember in case you’re not suicidal enough

    McCain is the democrRATS favorite republican
    And Raul Castro, Hugo Chavez and Vladimir Putin all think Obama would better “lead” the USA
    18.

    Comment by JEFF HALADAY

    Oct 3rd, 2008 at 5:24 pm Edit

    You are right. This is not only a sad day for capitalism, our economy, but also individual rights and democracy. If there was a question as to what might lead to a loss of our influence in the world, we now have one strong answer. I will not vote for any politician of either party who foisted this travesty on us.
    Keep up the fight for freedom and individual responsibility. We need someone to counter that socialist, wall street apologist, Eric.
    19.

    Comment by Vernon

    Oct 3rd, 2008 at 5:31 pm Edit

    Keep up the fight, Cody…

    I am a small business owner that pays my taxes and pays my bills. I do not depend on a line of credit to make my payroll, but I depend on a free market system to make my profits. I live within my means and I save what I can. My investments and retirement plan have taken a significant hit, but both were calculated risks on my part. I do not require or request to be bailed out. I do not expect my neighbors to rescue me or to indemnify my losses. This is obviously not the prevailing sentiment in this country right now… a sad day for free market capitalism.
    20.

    Comment by joe g

    Oct 3rd, 2008 at 5:41 pm Edit

    good job cody, call a socialist a socialist, it makes them very uncomfortable.
    if the people ( and it can only come down to people )whish for more money (which is the portable and physical representation of value earned) why should they be excused from having to reenter the work force from scratch and come up with their own money to start another venture? (like normal workers would do) let them risk their own cash not the people that work and pay taxes. So how many more hours, days and years must i work to further the needs of these clowns/bums. it is more acceptable to be robbed on the street as there is no confusion about motive and rights, at least the possibility of legal redress through the courts and penal system is available for me. the clowns and bums of socialism are about to point their courts and guns at myself and family, where do we go & what can we do when they are willing to use force against us. so first to be robbed then enslaved, what happens to me if they can no longer get anything out of me?
    21.

    Comment by Fred Abner

    Oct 3rd, 2008 at 5:54 pm Edit

    Give ‘em HELL Cody! We need people like you holding these people accountable. You sound like a member of the John Bircher’s. My family loves you.
    22.

    Comment by Kevin

    Oct 3rd, 2008 at 5:59 pm Edit

    Cody,

    I’ve been watching you on Happy Hour today and I’m glad to see you’re not letting anyone there forget that this is socialism. And I wish they would stop referring to it as a “rescue” plan and use the more correct “fleecing/bailout”.

    With the Repubs agreeing with the Dems on socialism (only disagreeing about the speed at which to travel toward it) I’m even happier to be voting Libertarian.
    23.

    Comment by Grant M Tucker

    Oct 3rd, 2008 at 6:00 pm Edit

    Thank goodness THE bill has passed. Now the federal govt can bail out my IRA, my 401k, and my wife’s accounts. Kind of makes me regret staying current on our mortgage—they could have paid that for me also!

    Proud (NOT) resident of the USSA
    24.

    Comment by Grant M Tucker

    Oct 3rd, 2008 at 6:06 pm Edit

    CRA=Capital Re-allocation Act
    25.

    Comment by Tom McKenna

    Oct 3rd, 2008 at 6:13 pm Edit

    Comment: Comment by j t (r-co)

    I like your idea of defecting. Can someone provide a list of safe Mom and Pop banks not involved with being bailed out?

    Also, I say the autos are next to be bailed, GM.
    26.

    Comment by Marcus Fischer

    Oct 3rd, 2008 at 6:21 pm Edit

    Thanks for putting them their place today. The whole issue is the Illuminati/Rothschilds controlling the world fiat money system. I understand they own all major media companies, I am surprised they still have you on Happy Hour.
    27.

    Comment by Shawn

    Oct 3rd, 2008 at 6:28 pm Edit

    “We have acted boldy” That is what Bush said. The only thing done boldy was the screwing of the Americans who pay their bills know what they can afford and don’t let plastic rule our lives. I have said in other chat forums that if my Rep. voted yes then I’ll vote no on them. It might not be a solution to the problem but it’s a start. My wife and I would be open to any non-violent revoulationary ideas that folks in the same position as us would have. This is a sad day and we are mad as hell.
    28.

    Comment by David

    Oct 3rd, 2008 at 6:49 pm Edit

    Welcome to the USSA (UNITED SOCIALIST STATES of AMERICA), good bye freedom. Today is historic, “The Day the Music Died”, bye bye cause my freedom’s died, government took my Chevy cause their pocket is dry. Now us good ole boys can sit around and drink whisky and rye and worn the day our freedom died.

    Abde, abde, abde, that’s all folks.
    29.

    Comment by Ray Q

    Oct 3rd, 2008 at 8:45 pm Edit

    Dear Treasury King Paulson,

    Please send my check for a Gazillion dollars. That’s Gazillion with a G. That should just about pay for my million dollar mortgage, my Beamer, my Mercedes, my carrier-sized boat, my Hummer, my gambling losses in Vegas and my ten maxed-out credit cards. You probably don’t have a record of my address because my job doesn’t pay enough for me to pay taxes. Paying taxes is for rich people. America has been very, very good to me! Thank you and have a nice day.
    30.

    Comment by B Scott

    Oct 3rd, 2008 at 10:17 pm Edit

    I,ve said it before and I,ll say it again,when will the average Joe wake up and realize that this mess has been planned for a long time. The elite want to eliminate the middle class, redistribute the wealth,and introduce a new economic order c/w loss of all freedoms.

Don

This whole thing says that we need to unelect all those that voted "yes" on the bailout. FDR's projects extended the Great Depression until the war started. Because the wise men in Washington are taking the same path, we can expect this recession or depression to last 10 to 15 years. Unelect all the yes voters in November. Also, voting a radical in as President who wants to spend yet another Trillion is completely stupid. Sometimes I think that the average American really is stupid. If he does get elected, by 2010 no one will admit that they voted for him. Just like Clinton in 1998. Don

October 6, 2008 at 2:32 am

Doc Duncan

Ladies and Gentlemen, I am a southerner and I am a patriot. I love my country, yet I despise the recent actions of her government. I has become imminently clear that the government that was formed after our break with England has since been perverted into something that is wholly unrecognizable to its founders. I believe in the people of this country, yet I have no faith in our government. My representative in both House and Senate has obviously chosen to side with 5% of the population instead of those who put them where they are. I intend to rectify that as soon as possible, but I face one horrific possibilty. Looking back as the last ten years, has there been someone truly worthy of any form of leadership position? I fear that that trend will continue and there will be no-one that I may vote for with any confidence, regardless of whatever office it may be. You speak of revolution but I see no demonstrations. As much as it pains me to say it, most Americans are to tame to bring about a revolution. We are too afraid of our government. A great man once said that the people should never be afraid of the government, but the government should always be afraid of the people. Until the situation grows too harsh, America will remain still and sedate and rely upon the hope for change. We are no longer the people who stood up to the greatest military in the world. I expect that our founding fathers and mothers would simply shake their heads in disgust. Indeed the idea that less that sixty years ago there was a purge due to the fear of socialists, yet we are becoming what we feared. I pray that the people of this nation wakes up before we are forced to give up all that this country was supposed to be. Vive Liberté, Vive America.

October 6, 2008 at 7:42 am

George Reinhart

Cody-Forget Boston-It's time for a Washington Tea Party!!! Gman

October 6, 2008 at 8:28 am

Justin

No revolution has ever started at the ballot box. Perhaps the people will finally get motivated when the world dumps their reserve dollars and they all end up back here. Patriots should take up arms now because the crisis hasn't even started yet.

October 6, 2008 at 10:53 am

Will

Cody: You and your choir sound somewhat like critics in the 1930s who said the same things about the measures FDR led to start pulling the nation out of the Depression. It's not pure ideology that we need now. Capitalism, socialism. Try new words. How about pragmatism? While purists add grist for debate, political decisions require compromise. Granted, the president pushed for Congress to pass the Legislation too quickly, but it appears that the government will recoup its money over the next few years. While nobody likes the idea of bailing out failed greedy banks and other financial institutions, it appears that most economists said that the government needed to take action quickly. Perhaps, the cure will not be ad bad as the disease.

October 6, 2008 at 1:40 pm

clifford atkin

You are right but convincing the moronic do nothing socialist liberals in congress is another thing. Most of the people who vote for them are true leaches. Wait till oboma gets in with the democratic congress, then it is all over. Then the true American Revolution will begin. Check out my web blog, thenewbostonteaparty.com. If you would like, let me know, I can post your address on my blog. thank you, clif

October 6, 2008 at 9:12 pm

clevergael

As an American of Irish descent, this type of power grab is nothing that my family has not seen before. The words of Irish political philosopher Edmund Burke come to mind: "The people never give up their liberties but under some delusion". "People crushed by law, have no hopes but from power. If laws are their enemies, they will be enemies to laws; and those who have much to hope and nothing to lose, will always be dangerous". Hmmm...would that be us?

October 6, 2008 at 10:58 pm

about this blog

  • Cody Willard is an anchor on the FOX Business Network. Willard is also the principal of an investment management company. He was a long-time featured columnist for the Financial Times and TheStreet.com as well as a regular featured economist and stock picker on CNBC's ''Kudlow & Company."

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