The damn sneaky snakey Senate--voting on "rescue package" tomorrow night

[socialize_me]

WTF!!! I'm watching Kudlow & Company, and they got this Senator from New Hampshire (don't know his name) and he said they got the votes to pass a new bailout thing in the Senate. Yet Larry Kudlow, the same prick who said the President is the Commander-in-Chief of the economy, asked if it was Constitutional for him to do so since all revenue bills must arise from the House. What this Senator said was "No, but what we can do is attach it to a smaller revenue bill already approved by the House". So what these assholes in the Senate are doing is being "clever" in the face of the Constitution and think they're fucking cute by finding an absolutely sickening way to put pressure on the House to pass this. This shit boils my blood...sorry for the excessive French :mad::mad::mad::mad:

Now isn't McCain against earmarks?? Holy jumpin' fuckin' monkey balls---$700 billion earmark...probably will never be surpassed in American history, and McBama both support it.

[Adrian.Bisson]

That is absolutely terrible. If the Senate passes the bailout as an amendment of a previously passed house bill, does it go back to the House to be voted on, or right up to the President for signing?

[jabrownie]

Congressional members Defazio (D-OR) and Kaptur (D-OH) have just put a new bailout plan on, it looks and sounds great, involves little to no taxpayer money, and looks like just like something we'd do....at least the things we've discussed here. They've requested that everybody call the Senate tonight and tomarrow. [Senate is voting on the Bailout tomarrow] CNN Lou Dobbs is endorsing the alternative proposal and is putting the Senate's phone number up for everyone to call.

Check it out. Hope someone tubed it, we've got work to do.

[Alawn]

Sorry but this is blatantly unconstitutional.

[rockandrollsouls]

Congressional members Defazio (D-OR) and Kaptur (D-OH) have just put a new bailout plan on, it looks and sounds great, involves little to no taxpayer money, and looks like just like something we'd do....at least the things we've discussed here. They've requested that everybody call the Senate tonight and tomarrow. [Senate is voting on the Bailout tomarrow] CNN Lou Dobbs is endorsing the alternative proposal and is putting the Senate's phone number up for everyone to call.

Check it out. Hope someone tubed it, we've got work to do.

What's wrong with you? We don't need any bill!

Congress is best when it does NOTHING.

[socialize_me]

That is absolutely terrible. If the Senate passes the bailout as an amendment of a previously passed house bill, does it go back to the House to be voted on, or right up to the President for signing?

Yes, I believe they must pass a Conference Bill that's accepted by both houses if it's amended by either. Otherwise the Senate could slap $100 trillion worth of stuff and send it straight to the President, or eliminate anything approved by the House and pass a $1 in an appropriations bill for the Budget. Any modification or amendment to a bill must be approved and passed by both houses.

[ShowMeLiberty]

What's wrong with you? We don't need any bill!

Congress is best when it does NOTHING.

And the alternate bill doesn't look like anything we want either. http://www.thenation.com/blogs/jstreet/366574/house_progressives_propose_bailout_alternative

[jabrownie]

What's wrong with you? We don't need any bill!

Congress is best when it does NOTHING.

Did you hear any of the coverage yesterday and today? Most people in this country are stupid, they will believe the fear mongering, they will deluge congress with calls. Reports are coming in left and right that they already are. We are fighting to counter-balance them, but odds are there will be 13 votes flipped even if the exact same bill got revoted on. That means if the debate stays as it is, we'll get the creation of a gigantic socialist leech to suck the life out of us. If there's an alternative presented of simply changing mark to market accounting techniques which most agree is good, and by assisting with renegotiating those homes in foreclosure, then the conversation gets changed. It's no longer a debate with fear as the only option, it becomes a debate of no cost bailout versus high cost save the bankers bailout. We can win that debate. That's why this potentially looks good at first glance.

[rockandrollsouls]

And the alternate bill doesn't look like anything we want either. http://www.thenation.com/blogs/jstreet/366574/house_progressives_propose_bailout_alternative

That's what I'm sayin'! The person who said the alternate bill is "good" is already brainwashed!

[rockandrollsouls]

It's the No-Cost version of a 'bailout' aka, not a bailout. It's a solution that doesn't involve one that has been presented. That's why. But to be technical, here's a more in depth reason:

Did you hear any of the coverage yesterday and today? Most people in this country are stupid, they will believe the fear mongering, they will deluge congress with calls. Reports are coming in left and right that they already are. We are fighting to counter-balance them, but odds are there will be 13 votes flipped even if the exact same bill got revoted on. That means if the debate stays as it is, we'll get the creation of a gigantic socialist leech to suck the life out of us. If there's an alternative presented of simply changing mark to market accounting techniques which most agree is good, and by assisting with renegotiating those homes in foreclosure, then the conversation gets changed. It's no longer a debate with fear as the only option, it becomes a debate of no cost bailout versus high cost save the bankers bailout. We can win that debate. That's why this potentially looks good at first glance.

Lesser of two evils? I think not.

[jabrownie]

And the alternate bill doesn't look like anything we want either. http://www.thenation.com/blogs/jstreet/366574/house_progressives_propose_bailout_alternative

Thanks. Ok....not great, but better then the Bush plan or the revised Bush plan. Sounded a bit better on t.v. :(
I hadn't read the text, sounded like they just wanted to change the accounting rules and help in foreclosure negotiations. :-/

[afmatt]

Anyone know what bill the senate is trying to add the bailout to?

[raystone]

Thanks. Ok....not great, but better then the Bush plan or the revised Bush plan. Sounded a bit better on t.v. :(
I hadn't read the text, sounded like they just wanted to change the accounting rules and help in foreclosure negotiations. :-/


suspending part of Sarbanes-Oxley regulation, taking away investment bankers tools to take their cut on IPOs, FDIC insurance is BS anyway, looks pretty good to me. if this proposal would get Paulson and Beranke off the hill, I'm all for it.

[afmatt]

suspending part of Sarbanes-Oxley regulation, taking away investment bankers tools to take their cut on IPOs, FDIC insurance is BS anyway, looks pretty good to me. if this proposal would get Paulson and Beranke off the hill, I'm all for it.

But it gives them the bailout they are looking for! Read point 4 very carefully. This could potentially be MORE expensive it looks like.

[ForrestLayne]

Anyone know what bill the senate is trying to add the bailout to?

By CNNMoney.com staff
Last Updated: September 30, 2008: 9:13 PM ET

AMERICA'S MONEY CRISIS
FDIC asks to boost deposit limits
No bailout? Here's Plan B
The $55 trillion question
Dow comes back big
Genworth soars on possible spin off
Impact on Main Street
How the credit crisis affects you
Small biz feels the crunch
Why one Democrat voted 'no'

More Videos

NEW YORK (CNNMoney.com) -- The Senate plans to vote on the $700 billion bank rescue plan Wednesday evening - two days after the House failed to pass it.

The bill adds new provisions - including raising the FDIC insurance cap from $100,000 to $250,000 - and will be attached to an existing revenue bill that the House also rejected Monday, according to several Democratic leadership aides.

The vote is scheduled for after sundown, in observance of the Jewish holiday. Republican presidential nominee John McCain and Democratic nominee Barack Obama and his running mate Joe Biden confirmed that they would be present for the vote.

Senate Majority Leader Harry Reid, D-Nevada, and Minority Leader Mitch McConnell, R-Ketucky, announced the plan Tuesday.

"Senate Democrats and Republicans believe it is essential that we work quickly on this important legislation to restore confidence to our financial system and strengthen the economy," Reid said in a statement.

White House spokesman Tony Fratto said the administration welcomes the "modified bill" and the scheduled vote.

Democratic sources told CNN that they expect bipartisan support.

Earlier Monday, Federal Deposit Insurance Corp. Chairman Shelia Bair asked Congress to allow her agency to increase the $100,000 limit per account that has been in place since 1980. To do so would help restore confidence in the markets, she said. Bair did not say what she thinks the new limit should be.

The revised bailout bill also includes a "Mental Health Parity" provision, which would require health insurance companies to cover mental illness at parity with physical illness.

Because the bill must originate in the House, the Senate is attaching the rescue plan to a bill that deals with renewable energy tax incentives. This would allow the Senate to vote before the House.

[tpreitzel]

Dear Senator :

It is my understanding that the Senate will attempt to attach the failed "Emergency Stabilization Act of 2008" as a rider to some bill that has already passed the House of Representatives, e.g. a bill for energy tax credits. These devious tactics indicate just how desperately people like Bernanke, Paulson and their friends on Wall Street want the taxpayers to bail them out. Once again, injecting trillions (not just $700B or $250B) of dollars into the economy will rapidly accelerate the dollar's already declining value. Congress and the Federal Reserve are destroying the middle class of this nation! Remember the Glass-Steagall Act of 1933 which Congress repealed in 1999? Now, you know why unsupervised speculation has run rampant over the past 9 years and engorged many fat cats on Wall Street and destabilized the economy as well. Now, it's time for those fat cats to starve! Remember the Community Reinvestment Act of 1977 which has enabled people without the means to live beyond their means and helped to foster the current sub-prime crisis? Adding fuel to the fire, the Federal Reserve System under the tenure of Alan Greenspan injected literally trillions of dollars into the economy over nearly a decade which was the basis for the housing bubble in conjunction with the CRA. Now, these same fat cats and their allies in Congress want the taxpayer to bail their greedy carcasses out of their own created mess? NEVER! Furthermore, the taxpayers have no direct representation on the "oversight" board. The members of the oversight board are all appointed, not elected. The foxes, Wall Street, want to increase their control over the hen house, Main Street. Please, listen to the people instead of the self-serving special interests on Wall Street! Vote against any bill that provides a non-reviewable clause for some non-elected board, uses taxpayer money, or increases authority of the Federal Reserve in ANY capacity. The Federal Reserve needs to be axed! Even without further intervention, the Federal Reserve continues to inject literally trillons of dollars into the economy. Passing a bill which allows the Federal Reserve to continue this madness is the definition of insanity! Wall Street's interests are NOT our interests. Wall Street's interests are OUR problem, unfortunately. In time, let's rid ourselves of the Federal Reserve. Again, please vote NO on any bailout bill and work to axe the central bank, the Federal Reserve! I thank you for listening to US, your constituents, instead of Wall Street's special interests.

Sincerely,




NOTE: I wrote this very quickly so there's bound to errors in fact and expression.

[TruthAtLast]

Keep in mind that even a bill that appears to be "better" gets killed in the details. Better believe that it will not be a 3 page bill. There will be 100 pages of loopholes, conditions, and unlimited authority with no oversight given to the Executive branch.

I don't think we need any bill but I'd let them spend 1 trillion as a compromise if they abolished the FED! :D

Where is our power of negotiation? haha

[TruthAtLast]

Dear Senator :

It is my understanding that the Senate will attempt to attach the failed "Emergency Stabilization Act of 2008" as a rider to some bill that has already passed the House of Representatives, e.g. a bill for energy tax credits. These devious tactics indicate just how desperately people like Bernanke, Paulson and their friends on Wall Street want the taxpayers to bail them out. Once again, injecting trillions (not just $700B or $250B) of dollars into the economy will rapidly accelerate the dollar's already declining value. Congress and the Federal Reserve are destroying the middle class of this nation! Remember the Glass-Steagall Act of 1933 which Congress repealed in 1999? Now, you know why unsupervised speculation has run rampant over the past 9 years and engorged many fat cats on Wall Street and destabilized the economy as well. Now, it's time for those fat cats to starve! Remember the Community Reinvestment Act of 1977 which has enabled people without the means to live beyond their means and helped to foster the current sub-prime crisis? Adding fuel to the fire, the Federal Reserve System under the tenure of Alan Greenspan injected literally trillions of dollars into the economy over nearly a decade which was the basis for the housing bubble in conjunction with the CRA. Now, these same fat cats and their allies in Congress want the taxpayer to bail their greedy carcasses out of their own created mess? NEVER! Furthermore, the taxpayers have no direct representation on the "oversight" board. The members of the oversight board are all appointed, not elected. The foxes, Wall Street, want to increase their control over the hen house, Main Street. Please, listen to the people instead of the self-serving special interests on Wall Street! Vote against any bill that provides a non-reviewable clause for some non-elected board, uses taxpayer money, or increases authority of the Federal Reserve in ANY capacity. The Federal Reserve needs to be axed! Even without further intervention, the Federal Reserve continues to inject literally trillons of dollars into the economy. Passing a bill which allows the Federal Reserve to continue this madness is the definition of insanity! Wall Street's interests are NOT our interests. Wall Street's interests are OUR problem, unfortunately. In time, let's rid ourselves of the Federal Reserve. Again, please vote NO on any bailout bill and work to axe the central bank, the Federal Reserve! I thank you for listening to US, your constituents, instead of Wall Street's special interests.

Sincerely,




NOTE: I wrote this very quickly so there's bound to errors in fact and expression.

who did you send this to?

[tpreitzel]

who did you send this to?

Barrasso and Enzi

[Sandra]

This looks like the occasion the military was brought state side.

[TastyWheat]

Don't just call your Senators, call Obama, Biden, and McCain. Tell them a "YEA" vote will adversely affect your chances of voting for them. Also, tell them you're from a battleground state (actually say which state; they might ask for a zip code to prove it).

[pacelli]

http://i295.photobucket.com/albums/mm156/Blader5489/facepalm.gif

We're just going to have to amp this up a notch then!

[TastyWheat]

And the alternate bill doesn't look like anything we want either. http://www.thenation.com/blogs/jstreet/366574/house_progressives_propose_bailout_alternative
Read it. Don't like it. If a bill gives incentives to buy and sell capital (lowering capital gains tax, lower taxes on purchase/sale of equipment) then I might support it, but nothing that injects new money.

[Carole]

WTF!!! I'm watching Kudlow & Company, and they got this Senator from New Hampshire (don't know his name) and he said they got the votes to pass a new bailout thing in the Senate. Yet Larry Kudlow, the same prick who said the President is the Commander-in-Chief of the economy, asked if it was Constitutional for him to do so since all revenue bills must arise from the House. What this Senator said was "No, but what we can do is attach it to a smaller revenue bill already approved by the House". So what these assholes in the Senate are doing is being "clever" in the face of the Constitution and think they're fucking cute by finding an absolutely sickening way to put pressure on the House to pass this. This shit boils my blood...sorry for the excessive French :mad::mad::mad::mad:

Now isn't McCain against earmarks?? Holy jumpin' fuckin' monkey balls---$700 billion earmark...probably will never be surpassed in American history, and McBama both support it.
$700 billion-got to be the biggest earmark in history. :eek: :D

[Carole]

Anyone know what bill the senate is trying to add the bailout to?
I read that it is attached to a mental health bill already passed by the House. :mad:

[TruthAtLast]

$700 billion-got to be the biggest earmark in history. :eek: :D

Yes, this earmark is larger than the GDP of Sweden.

[werdd]

Call, email, fax your senators. And don't forget to flood the two republicrat nominees running to rule your life.

[tpreitzel]

C4L is targeting the following senators:


http://www.campaignforliberty.com/blog/?p=663