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

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?

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

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.

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.

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

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.

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

Cody, love your insight....just 2 thoughts I've had in the last few days. I knew we were in a major danger zone when I heard over and over again, members of Congress, saying that they were not sent to Washington to vote the way the people in their district told them to vote, but were sent because of their judgement to vote what they thought was best, HMMMMM!!!!! Also, when my husband brings home his paycheck, it is up to me to decide where our money is best spent. It seems like we have no decision power when it comes to where the government spends our money or do we???????Short of a revolt, why not get their attention where it counts???? The cash flow!!!When I've had lean times I've elected at my job to have more deductions claimed on my weekly paycheck, so that I have access to my money all year, instead of the govenment holding it for me Not illlegal. Just wondering what would happen if, for say a few months, millions of us changed our withholding amounts and reduced the money going to the government. I'd like to hear what others think>

I am amazed they have pulled out all the stops to prop things up, except reestablish the uptick rule. They are allowing the someone to take advantage of hedge fund/mutual fund redemptions by allowing them to short into them , a double whammy effect. Someone is making big money, and my guess is the same people that own the World Fiat Currencies.

6ftrabbit If everyone had your attitude about the way the country is going then you're right. A vast majority don't and are unwilling to let what is happening destory what this country was founded on. You don't need to use guns and violence to obtain goals. Just look back at folks like Rosa Parks, Dr. Martin Luther King and others. I agree about voting for a revoulation you just don't do it. It happens when people get so fed up with being sheep that they take action. Action starts with grass roots movements that begin at the ballot box. I was taught,and altough very young, remembered when those 4 were killed in OHIO. The fact remains, those four that were killed were observers (sheep)not participatents.The aftermath to that tragedy is that people protested and the goverment changed. One slogan rings very loudy from that time "they can't kill us all" and they certainly can't jail us all.

MORTGAGE INDEPENDENCE DAY !!!!! I have decided that my November mortgage payment is not being sent. Seems the only people who have congress ear is the Socialist banks so November is do not pay.... The founding fathers dumped tea and now we should not pay !!!! If everyone does not pay in November it will send a message congress and banks will understand. We the people are tired of it and not taking it anymore. Since Joe Biden thinks it patriotic to pay more taxes then I TRULY BELIEVE by not paying my mortgage now I will make money by really making the securities I just purchased truly worthless, there by really buying the debt for less than .01 NOW THAT IS PATRIOTIC AND THE AMERICAN WAY I KNOW MY CALLS WENT ON DEAF EARS TO CONGRESS MAYBE THEY CAN HEAR THIS !!!!!!

REVOLUTION YES! We need an "American Tea Party" now.....stop paying taxes to the federal dictators and back the secession movement now. This bailout was about politics not people.They have given away are freedom and the liberals now have the momentum to create their facist utopia on your back.

Folks, it's pretty much all over but the crying. More money into the system out of thin air equal inflation. So now it will take longer to work all the junk out of the system and more to feed, clothe and shelter your families. Get ready for a few consecutive quarters of Recession (technically, four in a row or more equal a depression). This sounds quite desperate; however, the economist who have been raising the red flags on this for years now all agree. This will be a very ugly economy for a long, long time. I heard something tonight on FOX that this is the sixth time this market manipulation of over leveraged mortgage assets has bit this county's economy. First time shame on me, second time shame on you,....sixth time? The only silver lining I see in this is the potential for major political reform in this country being ushered in with Boston Tea Party type events. One last spin. The Christians are getting all excited about "end times prophecy" and the impending rapture. Why is it that the largest Christian population ever on this planet resides in the good old US of A and yet there is not a single mention of the USA in the Bible? Maybe because USA pretty much is a non factor since it BK-ed.

There is no room for the crooked and greedy to be held accountable in this "Bill". I am talking at the local level such as the real-estate sales persons, inspectors and appraisers who have taken advantage of the buyer and used the financial institutions to over value homes and increase their profits on an overvalued property. The home owner is therefore stuck with an over priced house that will never be worth the principal owed on them. Now the housing crunch and failure of the housing market, which further devalues the property, and the people who hasn't defaulted or have not been foreclosed on are sitting in a house that is not worth the paper it is written on. Where is the relief for these people? Only the Wall Street CEO's and greedy administrators are making the profits and the tax payer got ripped off. Where is the justice in this bill for these honest people? Other than paying more out of their own pockets, if they still have a job after this worthless Bill goes into affect, where is the help for these people? They should not be made to pay for those who will never pay for the home they bought and knew, as everyone along the chain of this greed knew, couldn't afford them. So there are several issues here that are needed at the local level where the damage is felt the most. 1. devalue the existing principles on loans that were over valued and over priced and approved by the Banks, even if not in default. Exempt them from further increases in the homes value by local appraisers to increase their tax base. 2. make those who are in default pay for their loans without tax payer money by reducing the principle and interest rates. 3. The Wall Street executives and their lobbyists and crooked Politicians are investigated and made to pay all the money back and use this money to offset any subsequent cost of the tax payer. 4. NO BAIL-OUT of another State. The tax payers should not be held responsible for the poorly administered finances of other States. I feel this will keep credit available, keep a cash flow in the markets, and add liquidity. I, as one can tell, am not a financial person but we need ethical and non-greedy politicians here on "Main Street"..........MY STREET!!! The bottom line if they want to help the American people, help them at the local level that is where it is needed. PUT THIS IN THE BILL NEXT TO THE ARTICLE FOR "WOODEN ARROWS"!

What Paulson / Bernanke have done is nothing less than a Financial coup d'edat. Congressmen have been bought and paid. This is NOT a fix. It is another nail in the coffin. Things will get worse and the government will continue to seek advice and assistance from the same greedy bastards who perpetrated this disaster on the WORLD!! Bring back the GUILLOTINE!!!

The government should be ashamed for letting down the very people who they "protect", for denying us our rights, for blatently making the choice to use our money to bail out wall street and other greedy institutions. The people we elected to represent us have disregarded our wishes in a scramble to nurse on the pretty ribbons that were added to this bill in order to buy votes. This has gone too far, I fear we have have made a radical step towards socialism that will clean every honest working person of every last cent. A wheelbarrow full of doichmarks for a loaf of bread!

VOTE REPUBLICAN!! The Democrats started this mortgage shell game in 1977 (under Carter) and strengthened it in 1995 (under Clinton). The Democrats stopped stronger oversight in 2005-6. Here is a link to the Senate Banking Committee hearing. It is a complete scandal and the MSM will not report on the origins, enhancements or the attempts at reform. http://www.youtube.com/watch?v=YL36nwCSYUM I pulling the party handle because the Democrats will never reform. At least we have a chanceif we can get some Republicans to investigate. Otherwise this country is headed for a bloody and violent class war encouraged by Obama and his henchmen.

I agree. I just hope others will stand up and vote against the idiots who voted for this. We will need to remember the Senators when they come up for re-election.

Yes, it will "feel" good to vote out anyone in office. But that is all you will get out of it!! What has to change is the RULES that both houses of Congress operate under. As long as seniority and the majority "party" govern who gets to do what (leading a committee, etc) we get nothing but the same old thing. The new people we elect have no power nor much of a voice. They have to play the game and put up with the power, greed and influence peddling that has gone on forever!!! By the time they ever have some power -- they have become as corrupt as everyone else. Revolt!!! You bet!! You just have to pick the better battle....

If more people watched Glen Beck the country wouldn,t be in such a mess.Don,t you see that the mainstream media and the political elite are one in the same!Wake up people!

Things to do this fall: It is time to push back. I have a Texas Senator running this yeat that doen't know how to listen. I will work as hard as I can to convince other Texans not to vote for him. Will you do the same? This is party immaterial, we just need to make our government listen and we need to do it now! Socialism is unacceptable.

The last three bubbles have had the same exact structure. Congressional regulations began them all. Wall Street enabled Congress' intentions. Fed policy inflated the bubbles, and it became a money grab. Way to go Cingress -- Way to go Fed. AFTER the pop, the same exact Congresspeople who created the bubble and refused all efforts to prevent a popping say they have ABSOLUTELY no responsibility. Destroy the economy's most creative, vital and prosperous segment so the government entitled class can keep doing their phony baloney process of vote buying with OUR money. Sounds like Socialism to me too.

BEAUTIFUL FRIDAY CODY!!! Finally doing what you need to do, btw. Keep speaking the clear truth, and speaking out for the little guy against the establishment "we are compassionate and different thinkers...and if you do not agree with us you are evil" crowd. BTW, check out the similarities in the past sveral (probably all US) bubbles: Current crisis: Congress passes legislation incentivizing reckless agency lending - Wall Street is involved in the financing side, believing if the underlying is coming from REGULATED government agencies, it should be solid - the Fed pumps money in and blows up the balloon - Wall Street picks up on the game and eventually accentuates it until the inevatable pop. Congress (the ones who regulate the agencies that started it all) blames Wall Street. Tech bubble: Congress passes the Telecom Act of 1996 incentivizing reckless investment spending - Wall Street is involved in financing - the Fed pumps money in and blows up the balloon - Wall Street picks up on the game and eventually accentuates it until the bubble pops. Congress blames investors who should have known better. The S&L Crisis: Congress passes legislation promoting the creation of small lending institutions. Milken perfects the junk bond structure to promote the process (and well over 80% of his bonds paid!!!!). The Fed pumps money into the system and blows up the bubble - Wall Street picks up on the game and accentuates the it until the inevitable pop - and Congress blames Wall Street. WHEN ARE THE CONGRESS PEOPLE RESPONSIBLE FOR THESE CRISES GOING TO GET THROWN IN JAIL!!! (notice: I said the Fed, but could have said the GREENSPAN Fed) We are the Maqui Cody (look it up). AKA: Andrew's Army

NEIL CAVUTO, THE LAST TIME I CHECKED. ZOMBIES DID NOT EAT MY NEIGHBORS ! NEWS FLASH, My 24 year old daughter just graduated from college and six months later all her student loans are due. Because banks are not lending she couldn't consolidate her loans . As a result she has to make minimum payments on all 18 loans or $2000 a month payments. I her father am disabled and her mom drives a school bus. We can't afford $2000 monthly payments. THANK the ZOMBIES for passing this bill.

Neil!!!!! NEWS FLASH, My 24 year old daughter just graduated from college and six months later all her student loans are due. Because banks are not lending she couldn't consolidate her loans . As a result she has to make minimum payments on all 18 loans or $2000 a month payments. I her father am disabled and her mom drives a school bus. We can't afford $2000 monthly payments. THANK the ZOMBIES for passing this bill.