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C.Dodd, B. Obama and Joe Biden should go to jail. The ACORN group should be taken off the public dole and all the executive staff should go to jail. The voter fraud and the corruption of our voting system is being perpetuated by the Democratic party through ACORN. These people are stealing our country with the help of the main stream media. Don

October 2, 2008 at 4:37 pm

Scott Hicks

I would start but voting every single Democrat and Republican out of the House and Senate. Maybe this would finally send a message that they must answer to the American People. What a novel idea.

October 2, 2008 at 4:33 pm

Paul Mead

I believe the US dollar is headed for oblivion. Before that happens, I would send every household in America $300,000.00, with the requirement that the funds be used to retire all household debt (mortgage and otherwise). American families would be made whole, mortgage lenders would be made whole, and America would boom. Then, I would require our currency to be backed by gold and silver, which nearly eliminates inflation and deficit spending.

October 2, 2008 at 4:31 pm

Jude Chauvin

Cut off all foreign aide tomorrow, have our allies take over in Iraqi, (continue in Afghanistan), Insure FDIC to 1 million for savings, suspend the capitol gains for 5 years on home sales, investigate Congress members who were responsible for oversight agency’s, convict those responsible for this mess, repeal the legislation President Clinton sing in to law that allowed Investment banks to marry up with Savings and loan banks, Implement a Flat Tax system of 10% for now and reduce it to 8% in 15 years for incomes under $300, 000 per year, those who earn over $300, 000 per year to pay 14% indefinitely, Disband the IRS, Increase all imports taxes by 15%, Announce to all in the US that if you are here illegally you have 3 months to get out and after that start deporting, Implement a $200 cash reward for US citizens to reporting illegally aliens, put the national Guard on the border to Mexico, repeal the law that allows illegally alien mothers to give berth wile in the US that allows them and their baby to be US citizens, Override states that do not allow drilling for oil on land or off the coast, Triple the sales tax on gasoline powered cars and trucks, Offer Zero sales tax on Natural Gas, Fuel cell and electric cars, Build 50 new nuclear power plants (one in every state), Quit the United Nations and kick them all out of the US, Take 25% of all revenue generated by federal tax and pay off our debt, Cut all branches (except the military) by 30% in one year and an additional 10% over 5 years and put the revenue saved toward the national debt, Discontinue the electoral collage and use the popular vote, 4 year term limits for all senators and congressmen, allow them only to run again after sitting out for 8 years, Implement an age limit of 69 to members of the senate, congress, supreme court and presidency, Pull the broadcasting licenses of any television/cable network or radio station that is not supportive of our constitution and fair to all Americans

October 2, 2008 at 4:28 pm

Refering to my comment above...The problem is, the American people are too stupid to force this to happen. So, it will be a loaf of bread for a days wages...

October 2, 2008 at 4:28 pm

I believe the US dollar is headed for oblivion. Before that happens, I would send every household in America $300,000.00, with the requirement that the funds be used to retire all household debt (mortgage and otherwise). American families would be made whole, mortgage lenders would be made whole, and America would boom. Then, I would require our currency to be backed by gold and silver.

October 2, 2008 at 4:28 pm

Jim Groene

This truly is an extraordinary situation we Americans find ourselves in. In my own part of the world, I can already see evidence of the credit markets freezing up. This is not a dot-com bubble bursting. The credit markets are the one part of the economy that is essential to keeping all of our economy moving. Without it, businesses can only operate in fits and starts, and not in the way that leads to a growing economy in any manner. My point is to address the talk of changing the accounting rule from "mark to market". This is a rule that was created as part of Sarbanes-Oxley as the result of the Enron scandal. It is one of the few regulations in place that might attemp to keep financial firms from over-leveraging. If instead of being required to "mark to market" the value of assets, firms could continue to carry assets on their books for a value that they ascribe to them. This would allow finacial firms to carry more debt than they probably should given the 30 to 1 limit on debt to assets less debt. Yes, it might have allowed Lehman Bros. to not go bankrupt when it did... but to what effect. The "mark to market" rule needs to stay in effect. Without it, we could have been facing a much larger, more hidden "time bomb".

October 2, 2008 at 4:27 pm

Capt. Winnett

It is absolutely insulting that our elected officials on both sides of the isle would call this fair. Leaders say that the stupid working American people do not understand the magnitude of this situation. However, we do understand very well. We know that our investments will be lost, we understand that unemployment will be extremely high, we understand how ugly this can be and we are ready for it. However, our greedy crooked leaders and corporate tycoons couldn't stand to face what would happen. They have much more to lose. I do not want to see the tax dollars that have been robbed and abused off of hard working Americans go toward corporate wellfare. They have enjoyed tax breaks and deregulation the last eight years anyway. TO FIX THE PROBLEM LET THE FREE MARKET WORK THIS OUT. KEEP THE TRILLION DOLLARS OFF TO THE SIDE. SO WHEN THINGS GET REALLY UGLY WE CAN REBUILD AND DO IT CORRECTLY FROM THE BEGINNING. WE ARE READY. WHILE WE RIDE OUT THE ROUGH TIMES CONVICT THE GUILTY POLITICIANS AND CEO'S THAT CREATED THIS MESS. LET WASHINGTON TAKE CARE OF AMERICA NOT A COUPLE OF GREEDY RICH PEOPLE!!!

October 2, 2008 at 4:23 pm

I think this bail out is absolutely insane. WHY in the world should we bail out the rich on wallstreet. Pres Bush on TV begging for this to happen. Says its not a gift its a loan that the taxpayers will have to pay. WHAT? Even if this bail out happens what good will it do. ITs not going to do anyone any good unless they do something about the inflation. I understand those on wallstreet are losing money. But guess what. THere are many other blue collar working class individuals that never had that kind of money and never will, and when we ask the state for help or ask the fed gov for help they tell us that we make too much money but if we were of minority we just might get it. So you tell me why should we, who works hard for our money have to bail out the economy. MY SUGGESTION IS TO PUT A FREEZE ON INFLATION LIKE IT WAS DONE MANY YEARS AGO AND LET THE ECONOMY FIX ITSELF.

October 2, 2008 at 4:17 pm

Barry Pechous

I think that this bailout is a scam that is aimed only at helping the wealthy. These banks have made bad decisions and should be allowed to fail. I don't buy this idea of 700 billion dollars leading to more jobs...and if it did lead to more jobs it would just lead to more service jobs that pay minimum wage that will end up failing. They will all fail because these service jobs will have no one to serve, all the good jobs have left our country and all we have left now are these service jobs! I do not seeing ANY of this money trickling down to the disappearing “middle class.” I do not see how this bill will even "middle class" at all. Why don't they disperse this money to anyone over the age of 18 who makes under $250,000 a year? Why don't they pass a bill that does that? I've heard that each person would receive about 400,000. Now that would sure help our economy! The middle class would actually see that money and use it to kick start our economy! That should be the real answer; not simply giving more money to the wealthy who’ve made bad decisions….this bailout is just ridiculous. It’s economic socialism, what do the good banks get out of this, anything? No, this is socialism. There is no incentive for banks to be practice responsible lending because big brother will just bail them out. Our country is way off track; this bailout is un-American to the core, and illegal. We can thank our fine leader who will go down as the worst president in American History for this one. We are financing two wars that are bleeding our economy, where there are no solutions and “winning” has not even been defined. We are fighting an idea, not even a foreign Army. We entered Iraq based on false suspicions and lies, and the whole time we are being told we have to enter these two countries or there will be another terrorist attack! Bush has passed bills that allow torture and have totally destroyed our rights to privacy. He even told us that if we don’t support his patriot act that we are not patriots! If this all wasn’t enough, a few days ago this great leader/wonder boy of ours had the audacity to tell us that if the bailout doesn’t pass the stock market will crash! He is the terrorist! That is economic terrorism last time I checked. This whole administration has gotten their way through manipulation and fear! It now makes me wonder if there is some grand, evil, scheme this administration is trying to accomplish! And you people wonder why the American people have lost faith in our economy and in our government…

October 2, 2008 at 4:17 pm

"WOODEN ARROWS" $6,000,000 Plus Billions more SWEETNERS!! If you give my money away to Wall Street and Congressmen, I want OUT!! OIL $95 - American Taxpayers in my state is $3.83 per gal. Oil was $147 and $3.99 We are being screwed! My Electric Company Asked for 24% We got hit with 15% increase. We are SICK of Poltitics - Just cut the BS and VOTE NO!! The TAXPAYER is going to get in the END!! When the House Speaker said today, "They lifted the rock and {Oh, she saw senator Dodd and other Congressmen grabbing all the money})

October 2, 2008 at 4:12 pm

No bailout. Stop socialism in America. As it is, the kids are lined up for "free" breakfast and lunch at school and they are proud of it! Shameful.

October 2, 2008 at 4:11 pm

The basic problem is that our Legislators don't have any "skin" in the game. I think that they should put up their pensions as security that the decisions they make will solve the problem.

October 2, 2008 at 4:10 pm

Paulette Kevolic

This absolutely corrupt Congress and Senate expect American taxpayers to bail them out of years of LOUSY management? Let Congress and Senate pay for their own mistakes out of their OWN pockets!!

October 2, 2008 at 4:09 pm

We must execute the bailout, for temporary relief. However it will only be temporary, for various reasons obvious to many. The only solution to this problem, and it will take years to complete, is to maximize the US production of all natural resources. Since we have become a service society we are going to suffer greatly in the middle of this crisis. The only way to soften the final deterioration which will arrive as soon as Iran completes its weapon program, or Isreal attacks Iran, will be with a flood of commodities from the US, into the world, to help the US capture the spread between the declining dollar and commodities prices. We must eliminate ethanol as fuel source. We must produce as much coal, oil, corn, rice, soy, etc immediately (which in terms of these items is years). We must capture the value of these commodities from the world, because we will never be able to spend or "service economy" our way out. The next generation will implode while the boomers retire. It is the only way out.

October 2, 2008 at 4:09 pm

James Satterthwaite

Sorry to say that Florida only has on senator who ever votes for the people, the other one want illegals in the country, Nelson Yes - Martenis of however you spell it, NO Next election I will work hard to reelect Nelson and cause defeat for the other guy.

October 2, 2008 at 3:59 pm

Enyaw Treppur

If they don't pass this we will all suffer. No ones job will be safe in a few months. Baby Boomers can forget retirement as their 401k will become worth less.

October 2, 2008 at 3:57 pm

Gary Lewis

I received the following idea for an alternate idea for the 85 billion bailout of AIG, but the same concept makes sense for the current wallstreet bailout. > I'm against the $85,000,000,000.00 bailout of AIG. > > Instead, I'm in favor of giving $85,000,000,000 to America in a We > Deserve It Dividend. > > To make the math simple, let's assume there are 200,000,000bona > fideU.S. Citizens 18+. > > Our population is about 301,000,000 +/- counting every man, woman and > child. > So 200,000,000 might be a fair stab at adults 18 and up.. > > So divide 200 million adults 18+ into $85 billion that equals > $425,000.00. > My plan is to give $425,000 to every person 18+ as a We Deserve It > Dividend. > > Of course, it would NOT be tax free. So let's assume a tax rate of > 30%. > > Every individual 18+ has to pay $127,500.00 in taxes. > That sends $25,500,000,000 right back to Uncle Sam. > > But it means that every adult 18+ has $297,500.00 in their pocket. > A husband and wife has $595,000.00. > > What would you do with $297,500.00 to $595,000.00 in your family? > Pay off your mortgage - housing crisis solved. (this could be required for any mortgage in arears) > Repay college loans - what a great boost to new grads > Put away money for college - it'll be there > Save in a bank - create money to loan to entrepreneurs. > Buy a new car - create jobs > Invest in the market - capital drives growth > Pay for your parent's medical insurance - health care improves > Enable Deadbeat Dads to come clean - or else > > Remember this is for every adult U S Citizen 18+ including the folks > who lost their jobs at Lehman Brothers and every other company > that is cutting back. And of course, for those serving in our Armed > Forces. > > If we're going to re-distribute wealth let's really do it...instead of > trickling out > a puny $1000.00 ( "vote buy" ) economic incentive that is being > proposed by one of our candidates for President. > > If we're going to do an $85 billion bailout, let's bail out every > adult U S Citizen 18+! > > As for AIG - liquidate it. > Sell off its parts. > Let American General go back to being American General. > Sell off the real estate. > Let the private sector bargain hunters cut it up and clean it up. > > Here's my rationale. We deserve it and AIG doesn't. > > Sure it's a crazy idea that can "never work." > > But can you imagine the Coast-To-Coast Block Party! > > How do you spell Economic Boom? > > I trust my fellow adult Americans to know how to use the $85 Billion > We Deserve It Dividend more than I do the geniuses at AIG or in > Washington DC . > > And remember, The Birk plan only really costs $59.5 Billion because > $25.5 Billion is returned > instantly in taxes to Uncle Sam.

October 2, 2008 at 3:56 pm

Joyce Hopkins

The House of Lords have passed a pork laden socialist bill; now to The House of Commons! How about going the Warren Buffet model...preferred stock, linked with tax cuts that will spur the economy. I am so ticked off at these xxxxx.

October 2, 2008 at 3:55 pm

Repeal Sarbanes / Oxley - mark to market, more of something is not always better. Anyone who has worked directly with the impact of Sarbanes / Oxley (certainly not our Senate)knows that it has done more harm then good, more regulation has not been better. Totally repeal capital gain taxes and drive tax free investment back in the markets, this will directly impact every level of our community.

October 2, 2008 at 3:55 pm

First, take out of the bill everything that resembles "pork." Second, determine who and how many legal resident, tax-paying adults in the U.S.; third, divide that number into the $700 billion. Send a check to all of those people. This money would be given only to people who actually pay taxes and are adult, native to this country, or in this country legally. As part of the bill, no person would be allowed to put more than 15% into savings -- the money must go to mortgages, credit card bills, loans, medical, adult family member or child care, etc. (No vacations, new cars or boats, etc.) Then as a final note, fine print if necessary, any person who knowingly and willfully duped anyone in writing a mortgage, loan or other financial dealing, will be sent to Guantanamo for 6 months and treated as an enemy of the U.S. After that, they must go through training, paid out of their own pockets, to be sensitive to others needs and then they must do some type of "community service" so we can monitor what they've learned. If they fail to do this, strip them of their citizenship and send them to Europe. Once the people have spent their "bailout" monies, if they go in debt by spending more than they earn, they should be taken out back and beat -- severely.

October 2, 2008 at 3:53 pm

Frank Nelsen

Two parts; First increase the deduction an idividual receives on IRA,401k...etc to 30% more than contributed. So if I put $1000 in an IRA I would receive $1300 deduction. Most people will realize that any temporary loss of principle would be made up by the extra tax deduction. This would bring cash back to the market that is typically long term money. Very little tax loss revenue for the IRS. Employers could recieve the same extra deuction for any qualified contributions made this year also. Second, release a small percentage of the National Petroleum Reserves. Not vey much but enough to have the price of oil decrease. Temporay over supply of oil should cause prices to decrease which will help build consumer confidence.

October 2, 2008 at 3:52 pm

Think about it . Roughly 285 million people in the Us. Give them all 1 million dollars and thy can pay their own mortgage. They will spend a lot of money putting it back into the economy. This is still a lot cheaper than 700 billion. I bet the citizens would not even object to being taxed on this .

October 2, 2008 at 3:51 pm

I am totally AGAINST this bailout for the following reasons: 1. My friend, who has worked all his life, lost his job in a CORPORATE GREED merger. 2. The bank, (also owned by a major CORPORATION), who had serviced his loan for 15 yrs., with no missed payments, refused to work with him on restructuring his loan so he could stay in his house and forclosed on him. 3. Now, the same CORPORATE BANK bank wants a bailout from him, (the TAXPAYER), this is not just wrong, this is obsene!

October 2, 2008 at 3:49 pm

First thing I would do is remove ALL EARMARKS!!! If it was SO important that we have this 'bailout' than why did our representatives fill it with PORK??? The fact that they could have a 451 page bill in one day is a RED FLAG. How can we trust these power grabbers to do the right thing-they are more interested in special interest groups than they are in WE THE PEOPLE. Could this all have been a political game at our expense? I will not allow the media to get me to panic. Before they were allowed to vote they should have had to sign a sworn statement, that was notorized, that they read the entire 451 pages.

October 2, 2008 at 3:48 pm

Yay to Maria Cantwell (Washington) and Boo to Patty Murray. This bill stinks and when it doesn't fix the problem, guess what! They'll be back at it with another $805B!!

October 2, 2008 at 3:47 pm

No Bailout and the FEDERAL RESERVE should be outlawed. Most people do not know that the FED is not really a U.S. government agency-the 5 biggest banks and the central banks of England, Europe, Japan "own" the fed. The federal reserve & its inflationary money making was created in a secret meeting in 1910 by 6 of the wealthiest bankers in the world and one powerful senator. These guys got Congress to approve the measure in 1913 as the big banks bought up newspapers all over the country to push Federal Reserve propoganda. The current senate bill raises the FDIC limit to $250,000--what FDIC has done for many years is not let the big banks fail by bailing them out and paying off all depositors no matter how much they have, while at the same time closing smaller community banks and limiting there depositors to the $100,000 limit. I like the idea of taking the $700 billion and dividing by every taxpayer to use to pay down their debts. The remaining banks would have plenty of cash flow from the pymts made by the govt for the taxpayers. For lots of interesting reading about why the Federal Reserve should be outlawed-find a copy of G. Edward Griffin's book "The Creature from Jekyl Island-A second look at the Federal Reserve"

October 2, 2008 at 3:47 pm

Mimi Wilso

no bailout!!!!! repeal mark to market repeal capital gains tax REPEAL 1977 COMMUNTIY REINVESTMENT ACT BY JIMMY CARTER THIS WAS THE START AND THE ROOT CAUSE OF THE MESS THAT WE ARE NOW IN

October 2, 2008 at 3:40 pm

Michele Kearney

First, I would re-institute Glass Steagall. Two, I would increase FDIC insurance to accounts up to $1 million Three, I would instruct Treasury, the Fed, and all relevant agencies to work with the IMF to create an international fund in the amount of at least $7 Trillion for bank borrowings on toxic debt. Fourth, I would enact legislation that would prohibit the sale and bundling of home mortgages by banks and govt. agencies that sold these mortgages. Fifth, I would direct the SEC to start regulating the derivatives markets. After that is done, then I would think about whether taxpayer funding is needed.

October 2, 2008 at 3:40 pm

Roger Brewer

I would pass the bail out. We would need to buy these bad loans at $.60 on the dollar. Ony after establishing lending rules. No more floating interest loans, only fixed. No more interestest only loans. Interest and principle to repaid in a set time frame. Down payments to be determined by risk. No less than 10% down but could be as high as 50% down if credit report is an issue. Credit limits on credit cards based on income and abilty to pay. Default on loans of any sort keeps the person or company out of the credit market for a minimum of 2 years. Major purchases of cars and other items based on ability to pay. Minimum of 10% down and could again range up to 50% down if ability to pay is limited. Do not pass the legislation unless future credit terms have logical and reasonable rules. We don't want to be back here in 10 years doing this all over again and without rules we will be. People have forgotten , you do not buy unless you can afford!! That goes for people, business and for governments.

October 2, 2008 at 3:39 pm

No Bail Out! I pray that the House does it again and votes it down. 1) Dave Ramsey's plan 2) Put Term limits on Congress 3) Prosecute the members of Congress who are even remotely connected. 4) Make PACs illegal so that the Congress responds to the voters not to money.

October 2, 2008 at 3:37 pm

Cheryl Kennedy

I am not for this bailout/rescue of these companies. Everything works in cycles yes there maybe a recession and I may loose my job down the road, but I prefer that than the $700 Billion bailout of companies who were greedy and did not care about the average american. Who is going to watch over this fund? Who is going to buy the US Debt, our good friend China? I agree with one of the previous e-mails we need a teaparty-- there needs to be a change in Washington D.C. it is not business as usual, we need to become more involved with the running of our country because there sure is no one in D. C. that really cares about the average american any more.

October 2, 2008 at 3:32 pm

Bailout/rescue or not Congress needs to make a decision and move on, they are adding to the problem with all the uncertainty. Expecting Congress to make a real time and meaningful decision was optimistic. They could not resist the urge to grandstand and politicize the issue. We might be better off if Congress would quit trying to save us.

October 2, 2008 at 3:25 pm

Michael- Texas

Instead of giving this proposed money to the government to "RESCUE" as needed, lets give the money to the tapaying citizens. Instead of giving money to the top and "HOPING" it trickles down to the people who need the help, let's get the money in the hands of the people who will use it, pay off debts and stimulate the economy with the help. Banks would no longer need to worry about credit issues becuase loans will be paid in full. Small to medium businesses will not feel the credit crunch from bad assets on the banks books and the financial sector will have their assets paid in full. Bottom line is that we cannot give the money so that Wall Street can fix this mess that their greed allowed to happen. Put the money in the hands of the people who need and will spend it the way we "HOPE" the govenrment will.

October 2, 2008 at 3:24 pm

Jane Shelton

Oh well let me see do a $700 Billion bail out for these greedy idoits this month and in six months how much more will they be needing? This is catch 22 situation that will not end, and in no way will help the average hard working American. I will not vote for anyone who votes for a bill this idiotic, I can not beleive that we have elected people who would even consider such a plan. Bail out Bull Crap.

October 2, 2008 at 3:22 pm

Gene Garber

The money has to circulate. If someone is profiting from all of this then the money needs to come back down into our hands, into our market, into our jobs. If it's going over seas then we are just digging a deeper hole.

October 2, 2008 at 3:20 pm

We need a “Toxic Lawmaker” bill to get ride of all these bad legislators

October 2, 2008 at 3:15 pm

We need to do away with the Federal Reserve (they are nothing but international bankers that don't care about Americans and just keep priting Fiat money), Council Foregin Relations, and United Nations. America has been bankrupt for years now...this is all a scam. Do your homework, the internet is your key to knowledge (until they shut that down.) Chuck Baldwin for President 2008

October 2, 2008 at 3:13 pm

Jean Kolton

As a tax-paying American citizen, I will not support any congressperson who votes to implement such a policy. Instead, I submit the following three steps: Common Sense Plan. I. INSURANCE A. Insure the subprime bonds/mortgages with an underlying FHA-type insurance. Government-insured and backed loans would have an instant market all over the world, creating immediate and needed liquidity. B. In order for a company to accept the government-backed insurance, they must do two things: 1. Rewrite any mortgage that is more than three months delinquent to a 6% fixed-rate mortgage. a. Roll all back payments with no late fees or legal costs into the balance. This brings homeowners current and allows them a chance to keep their homes. b. Cancel all prepayment penalties to encourage refinancing or the sale of the property to pay off the bad loan. In the event of foreclosure or short sale, the borrower will not be held liable for any deficit balance. FHA does this now, and that encourages mortgage companies to go the extra mile while working with the borrower—again limiting foreclosures and ruined lives. 2. Cancel ALL golden parachutes of EXISTING and FUTURE CEOs and executive team members as long as the company holds these government-insured bonds/mortgages. This keeps underperforming executives from being paid when they don’t do their jobs. C. This backstop will cost less than $50 billion—a small fraction of the current proposal. II. MARK TO MARKET A. Remove mark to market accounting rules for two years on only subprime Tier III bonds/mortgages. This keeps companies from being forced to artificially mark down bonds/mortgages below the value of the underlying mortgages and real estate. B. This move creates patience in the market and has an immediate stabilizing effect on failing and ailing banks—and it costs the taxpayer nothing. III. CAPITAL GAINS TAX A. Remove the capital gains tax completely. Investors will flood the real estate and stock market in search of tax-free profits, creating tremendous—and immediate—liquidity in the markets. Again, this costs the taxpayer nothing. B. This move will be seen as a lightning rod politically because many will say it is helping the rich. The truth is the rich will benefit, but it will be their money that stimulates the economy. This will enable all Americans to have more stable jobs and retirement investments that go up instead of down. This is not a time for envy, and it’s not a time for politics. It’s time for all of us, as Americans, to stand up, speak out, and fix this mess.

October 2, 2008 at 2:58 pm

Brian Hunt

I sent the following to Congressman Tom Price, my representative in the House. "If there was ever a great time to use the 'putting lipstick on a pig" line it is right now regarding the Bailout Bill that the Senate passed last night. I am writing to urge you to lead the charge in the House to reject this bill as just that. We need to replace Secretary Paulson and suspend mark-to-market accounting and give you, Congress, time to develop a plan that will replace the Paulson plan and re-establish trust with us, the people who sent you to Washington for time such as these. Thank you and may God bless you and our country." I encourage you to continue reporting that newt Gingrich, 150+ economists and the American people are not in favor of this panic-induced knee jerk of a bailout.

October 2, 2008 at 2:58 pm

Rita Hunt

Hang in there Neal Cavuto! I and other good Americans agree with you on the economic bail-out legislation -- IT'S A BAD IDEA!

October 2, 2008 at 2:58 pm

This is not a rescue, its clearly a vote for socialism. Its the beginning of the end for the everyday working man and we are now taking the first steps toward communism in this country. Its a sad day for America when a sitting president lobbies and bullies our elected represntatives to vote for a bill that over 80% of American citizens are against. God help us.

October 2, 2008 at 2:58 pm

Rita Hunt

Who's kidding whom -- Washington politicians and lawmakers in charge of our economic system?? Give me a break please! Clinton started this mess with entitlement programs so he could be the first black president and is why he's involving himself now! Clinton, like Joe Biden and other CAREER POLITICIANS are the problem! Senate and Congress must VETO this legislation and pay careful attention to taxpayers and economics experts who are against a bail-out. Allow the market to correct itself -- Economics 101 -- what goes up must come down!

October 2, 2008 at 2:55 pm

Paul Frommelt

Let the free market work as it should. let those banks tha made bad decisions, pay the consequences. Those of us who live within our means should not be forced to pay this bailout. We are already forced to support illegal immigrants, pay for subsidized medical car, welfare, housing and abortion on demand. We should not hve to pay for corporate greed! Don't make loans to people who cannot pay them back. Issue loan guarantees, eliminate the mark to market provisions, eliminate EXORBITANT salaries and bonuses for greedy and incompetinent corporate executives. Eliminate the alternative minimum tax. These as a start will do more than increasing the national debt by over $700,000,000,000 dollars!

October 2, 2008 at 2:54 pm

Adam at Blue Shield

First, DOOLITTLE AND LUNGREN BETTER NOT VOTE FOR TH BAILOUT! Bailout alternative: Instead of forcing tax payers to re-imburse Wall Street for their greed and bad decisions, take $500 billion and disperse it as a REAL stimulous package that benefits those whom Wall Street knows drive the market - the taxpayers themselves. The cost of the package would be approximately $275-300 billion since 40-50% of the money allocated would return to the government which means each individual 18 years old and over would receive ~$250,000 after taxes. Taxpayers would pay off the homes (infusing the market with liquidity), pay off credit card debt (reducing risk for lenders), buy goods and services (infusing cash into Main Street economy) and Uncle Sam could use the $250 billion in new taxes received via by this stimulous package to pay for the tax cuts they are adding to the revised spending bill. - Infusion of cash to cash-strapped taxpayers - Infusion of liquity to ailing markets in desperate need - Infusion of cash into Main Street's economy - Increase of manufactured goods - Infusion of funds to pay for small business tax breaks Best of all: - Taxpayers driving the economy benefit first - Wall Street is not rewarded for bad decisions but benefit from taxpayer spending - National debt remains unchanged Thoughts? I really think it would work. $1000 is not a stimulous package - it's a joke.

October 2, 2008 at 2:48 pm

Limbaugh had it right on just not put anything into your 401 retirement plans for the next two years---then the government would have to act on our ideas, instead of cramming this bailout down our throats and up our anus. I would go as far as not paying beyond the premium on whole life policies for those who have also. Vote and protest folks with your dollars, wake up that crooked Paulson and Goldman Sacks bunch who are out to rob us and screw us over.

October 2, 2008 at 2:42 pm

Stephen Hunt

It seems Washington lawmakers and Wall Street executives have gone completely nuts!! It is a matter of simple Economics 101 -- what goes up must come down! Let free enterprise work through the crisis with NO interference from Washington D.C. lawmakers and their Wall Street cronies who were not held accountable as we “Main Street Folks!” According to Fox News and C-SPAN, many economics experts are against the Economic Crisis Relief Bill (or bail-out as first described)– so why does Washington insist on forcing this legislation upon innocent taxpayers and further insult our intelligence by tacking on another 112 billion dollars of senseless pork barrel projects?!! I am a very ANGRY Baby Boomer and Tax Paying Citizen who sees this legislation as a bail-out for those lining their pockets at taxpayers' expense – particularly those from Freddie Mac and Fannie Mae with close ties to Democrats -- and those living off entitlements -- most of whom are non-working DEMOCRATS with time to attend Obama campaign rallies!!

October 2, 2008 at 2:41 pm

For those with less than spectacular math skills. You miss the point... IT'S NOT YOUR MONEY TO GIVE TO YOURSELVES OR ANYONE ELSE! Whether you think (wrongly) that the $85 billion bailout is $425,000 to each adult or $425, or frankly $4.25, the point here is that the money of which you speak doesn't belong to YOU. Give it back to the people from whom it was stolen. If you want $425,000, get off your A** and go work for it... through YOUR effort, not through mine. It's time to head back to grammar school for the math, and back to Sunday School for the prohibitions of taking property that doesn't belong to you. Thou Shall NOT Steal!

October 2, 2008 at 2:39 pm

(1) Change FDIC to 100% coverage temporarily (2) Throw out Sarbans-Oxley legislation altogether and go back to old accounting practices (3) Insure bad mortgages for both banks and individucals, but charge a premium if someone uses it. (4) Begin a large infrastructure project designed to build nuclear, wind, solar and other alternative energy infrastuctures, including drilling off shore and in Alaska.

October 2, 2008 at 2:38 pm

Wayne Hunter

Since the Fannie Mae and Freddy Mac seem to be the problem pay off all single family mortages and let the people who drive the economy benefit and not the thiefs that created this mess. if the tax payers are paying for this let us benefit.

October 2, 2008 at 2:38 pm

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