We were too busy watching American Idol while Wall Street was cooking the books. - Og

 

I pray that's a certainty. Not too optimistic, though. - Og

 

I knew that show would cause me pain and suffering, I just didn't know when...

 

Yeah, Wall Street "banks" on the fact that we're a bunch of empty-headed, reality show watching idiots to know better. And this is the result. We get screwed and they get richer. - Og

 

Sadly it looks like they were right.

 

Biden has put his foot in his mouth yet again. He said earlier today that the plan was close to being "pushed" through until McCain showed up.

This is Biden on Thursday evening:
“We had a deal this morning, it looked like, when I say we -– the leadership of the House, and the Senate, the Democrats — had an agreement on this so-called bailout package and it looked like it was all going to be set and there was a call from the president, would Barack come to the White House with the congressional leadership and sort of sign on the dotted line?” Biden said at a Rhode Island fundraiser Thursday night.

Here's Barney Frank on McCain:
“He’s slowed it down,” Rep. Barney Frank, D-Mass., said of McCain’s impact on the negotiations. “The next thing we know, he’s in a position frankly where he’s making it harder to get things done, rather than help us negotiate differences.”

To me this makes McCain look great for suspending his campaign and keepin these guys in check. I for one am glad McCain "slowed" things down so we the taxpayers aren't on the hook paying ACORN 20% of the money.

 

It's funny how the (D)onkeys say there was a deal until McCain got there when there was no deal to begin with. The Dems are typical lying douchebags only out to deceive the public. They should be ashamed.

 

This stuff is starting to get old. - Og

 

We got into this mess because Government backed Financial Institutions (banks, S&L's... ect) gambled heavily on Risky Stock Market investment. Then they cooked the books to show economic growth...then they blame fraud loans when many also lost jobs and lost homes. Shipping jobs overseas didn't help either.

Market needs to correct itself.
"It's time for a good old depression."
Yep.

 

It's time for the average American to realize they may not be able to have everything their parents have when they get out on their own. Too many people think they have to have a house, new car, furnish their new house, get a flat screen, buy a boat, etc etc etc.

The "American Dream" is earned through hard work, saving, and making good decisions. Noone "deserves" anything, you have to work for it. Take some responsibility and make better decisions so "we" don't have to bail "you" out for making poor decisions.

 

Credit Business has been out of control for quite a while...How can they explain giving credit to college students with no job and no credit...then they call those with bad credit risky loans but still loan money at higher interest rate. Banks did the same with homes.
They gambled and lost.

People need to stop spending what they don't have...
Other than a home, credit is for people that cant afford to pay and didn't save. Now they want us all to pay?
NOT!

 

Exactly!

 

I say let them go under. Screw the bailout. Those out of a job will have to get dirt under their nails making brick roads again just like during the Great Depression. Talk about a hard lesson.

Basically this bailout will keep things the same way they are if I'm not mistaken. We all know things have been heading south for a long time, and have needed to turn things around for decades. This is a direct result of letting things slide for so long.

 

Stealth, I agree fully. - Og

 

I was originally for the bailout in order to eliminate the economic chaos. After hearing about the bonus for the greedy ******** that rode it down, I am more inclimed to agree. Let it fail.