Lawmakers' distrust of Bush stymies bailout

"..sucked in to support of the war in Iraq.."? The poor, naive, innocent man. If Bush is such a "cowboy", how did he manage to dupe the entire social intellect. That's a lame excuse the Democrats have been using since they voted for the war. With regard to the bailout, isn't it just a little late for skepticism? The equation has two parts, the system and the oversight. The system is going follow the positive feedback until it reaches a negative feedback constraint. The last I heard it was congressional legislation that provided those constraints. "President Bush proposed regulatory reforms in 2003, but Congress took no action. In 2005, John McCain and three other Republican senators proposed a strong reform bill. It died when Democrats threatened a filibuster." - Washington Times Just exactly where in 2003 and 2005 were the oversight committee's, who was on them and what was the legislation? It would seem to me if we are going to clean house on the system side, it wouldn't be a bad idea to take a broom to the oversight side. They might even find some connectivity.

These folks in Congress better stop playing politics and get a package together for the President's signature PDQ.

So lets humor this nutball and say he was sucked in to supporting the war. Lets assume that he didn't have access to the intelligence and had know way of confirming it. This; however, is occuring in his backyard and he simply has to get off his fat backside and speak to the analysts, accountants, brokers and even the employees if he wants. With this as an example of our political leaders it is small wonder we're in the trouble we are in. He was obviously the smart one in his constituency since he got himself elected with such limited cognitive skills. We are so in trouble.

This just sounds like a bad idea.

Soxconn has it right.2005 Sen.Shelby proposed a fix and Greenspan testified to its need only to have the Dems. to shoot it down.Rep.Barney Frank pushed Fannie and Freddie into making those bad home loans just to get lower income people into houses.Although there's enough blame to be shared by financial companies,Gov., and people who couldn't afford the loans,they should be the ones to suffer the affects of their bad decisions!Iv'e got no dog in this Presidential race as I won't be voting for either one of these moroons,as far as Gov. the lack of action in the beginning of this mess falls squarely on the Dems. and there liberal agenda!I seriously feel that most American people lack the ability to make rational decisions when it comes to picking our leaders!Their decisions are bases on emotions,gender,race,or party lines.Stupid isn't it? The people we vote in can and are destroying this nation!Pull your head out of your butt America before its to late!

First, Sanders may be an Independent, but he caucuses and votes solidly with the Democrats. He lends no "independent" credibility to this issue. This whole argument sounds like the sales pitch that pressure you to buy NOW or deal won't last. Bush and the Democrats sound like used car salesmen. Nobody knew this was coming? Who is and isn't doing their job? The taxpayer is always the answer, never the problem or the ones who created the problem. I give a rat's a-s if it is a global problem. American taxpayers are tired of paying for this country's crooks let alone the world's. Maybe the world leaders should get their taxpayers to bail out greedy Wall Street and incompetent crooks in government if it will affect them. Government at all levels has failed the American people. It only is concerned with finding ways to tax us more and spend it in ways that doesn't benefit us. Every politician at every level should be thrown out if they can not lower spending and taxing by 10% in a 5 year plan. Enough is enough!

The Democrats propaganda efforts are finally paying off, they have called President Bush a liar for so long people are starting to believe them, and thus are blocking the efforts to stop another great depression. I am starting to wonder if the Democrats are stalling because they think a depression will benefit their part.?

McCain is now the "de-facto leader of the republican party.I know someone will walk away from this bail out filthy rich! What group stands to benefit? http://www.squidoo.com/double_speak

Bush has cried wolf for so long, I can't believe a word from his mouth. WMD... yellow cake uranium from Africa... aluminum tubes... mushroom clouds... the urgency to privatize social security... domestic spying... no torture of prisoners... "clear skies"/"healthy forests"... "Brownie, you're doin' a heckuva job." Sorry, but I can't believe anything Bush says. If he says it is raining outside, I would have to look out the window to verify it. And now the guy who went to Yale and is a Harvard MBA, is a millionaire with a ranch (estate), yet claims not to be an elitist is crying wolf again. The era of Bush Big Government is upon us.

This is how President Bush needs to sell his bailout plan: "I need you each to loan me 10,000 dollars. I'm going to buy stuff with it that may or may not have any value, but I'll pay what they tell me it is worth. I'll be asking for nothing in return, so I won't be able to give you any profit on your loan, or even return all or even any of your money. Please don't ask me exactly what I am going to buy, or who from, or if I am going to pay them to sell me the stuff I'm going to buy from them at the price I'll let them set. And don't try to get your money back by going to the courts, because neither you nor they will have any claim on your money or my decisions". That should help President Bush get full support from every tax-payer in these United States.

I am very angry about what I have been hearing regarding the agreement which has been supposedly reached by both Congress and the Senate on this bailout! I urge every citizen to call, write or email your Congressman and Senator NOW! Tell them no, but He... No! We will not accept this so called bi-partisan plan which quite frankly is not much different than the original proposed plan. The current proposal from both the Congress and Senate requires the following: 1) Not all 700 Billion will be handed over at once (who cares, they still eventually get all 700 billion) 2) The federal government will receive stock shares in the companies involved (Oh, the government will own stocks in companies bought and secured with taxpayer money) This is ludicrous! Who will have oversight of these so called stocks in 3, 5, or 10 years from know? Maybe they will wind up in the private hands of some of our elected officials Hmmm. Lastly, will the government have to pay capital gains taxes on these so called stocks, if and when they are re-sold to recoup taxpayer money? CALL YOUR CONGRESSMAN AND SENATORS NOW VOTE NO!

Don't get me wrong, I've always trusted Bush, I supported him on the war and economic policy. But this bailout really gets me steamed. It's wrong that the average American has to PAY for the bottom-feeders in corporate America who sold junk bonds. This bailout is not for the free enterprise system. They need to change the accounting law so that these CEO's can keep their crappy bonds for awhile, it won't hurt them. We can extend insurance, but NO loans. The day government bails out businesses is the day free enterprise is dead! That would be like me going to Mom and borrowing $1000000 when she doesn't have it!

Indeed, this bailout smells rotten from the start. Let it all crash and burn so people will understand full-value what happens when we let predators and corrupt politicians rule. Capitalism is inherently evil.

I don't think any thinking person could blame the current economic situation on "the government". The whole thing actually started with the formation of the "Federal Reserve" in 1933. This is what they've been working for all along - complete freedom for the Federal Reserve from federal and/or public oversight. I will say that the Community Reinvestment Act that was passed during the Clinton administration put a very real burden on the economy, because it forced lenders to offer homeownership loans to people who were not ready to move out of affordable rental housing. So I think it's naive to think that this whole thing started with Bush. It didn't -- it started with Woodrow Wilson and Roosevelt, and now the Federal Reserve is in a position to have exactly what they planned for all those years ago.

I trusted and stood behind Bush after 9/11. He's personally earned every bit of disrespect I now have for him.