Tuesday Sept 30 - Dow futures way up and President Speaks live

[grondramb]

Basicly he says it doesn't matter what path the bill takes - it matter that we are in an urgent situation and each day of delay makes it worse. And if we continue of this course the damage will be severe and long lasting.

I think its his best speech in a long time.

He also makes the point that many of the assets purchased will go up in value and eventual cost will be much less than $700 billion while the stock market losses just yesterday were more than a trillion dollars.

[TheIndependent]

he's full of shit... again.

[grondramb]

he's full of shit... again.

If you are gonna do your job properly as a Republican shill you'll need to do better than that.

[TheIndependent]

he's full of shit... again.

If you are gonna do your job properly as a Republican shill you'll need to do better than that.

lol, oh yeah, i forgot, sorry. doesn't it pain you to watch him though? like cringe-worthy when he takes the podium? just ugly.

[grondramb]

he's full of shit... again.

If you are gonna do your job properly as a Republican shill you'll need to do better than that.

lol, oh yeah, i forgot, sorry. doesn't it pain you to watch him though? like cringe-worthy when he takes the podium? just ugly.

I often feel that way but not today - it was short and direct and made the distinction between a bailout versus buying assets.

What he didn't say is how this will hit home first. That may come as several large companies cannot make payroll due to the credit freeze.

[Mikkel_Knight]

I say we make it a 350B "buyout" and tell the institutions to re-evaluate their shitty ways of calculating worth...

[keirgrey]

I say we make it a 350B "buyout" and tell the institutions to re-evaluate their shitty ways of calculating worth...Your ideas intrigue me, Sir, and I would like to subscribe to your newsletter.

[Marco]

Basicly he says it doesn't matter what path the bill takes - it matter that McCain's campaign is in an urgent situation and each day of delay makes it worse for McCain. And if we continue of this course the damage to McCain's election prospects will be severe and long lasting

FYP.

Oh, and George? If I may paraphrase "Bull Durham"?

"Don't talk, it can only hurt the party."

[Mysteryman]

I think general Americans are starting to get the hint that if this doesn't go through that they too will suffer. I don't think they care. They're willing to be turned down for that new Ford F150 loan if it means that hundreds of white collar folk get put out of jobs. There's this feeling of revenge from so many of them that have lost jobs from mergers or offshoring that this is an opportunity to "get back" at the ones that did it.

It's kinda scary and has actually encouraged me to start thinking about becoming a gun owner.

[Marco]

I think general Americans are starting to get the hint that if this doesn't go through that they too will suffer. I don't think they care. They're willing to be turned down for that new Ford F150 loan if it means that hundreds of white collar folk get put out of jobs. There's this feeling of revenge from so many of them that have lost jobs from mergers or offshoring that this is an opportunity to "get back" at the ones that did it.

You really think so?
I've never seen the American electorate vote completely against economic interest.

[Mysteryman]

I think general Americans are starting to get the hint that if this doesn't go through that they too will suffer. I don't think they care. They're willing to be turned down for that new Ford F150 loan if it means that hundreds of white collar folk get put out of jobs. There's this feeling of revenge from so many of them that have lost jobs from mergers or offshoring that this is an opportunity to "get back" at the ones that did it.

You really think so?
I've never seen the American electorate vote completely against economic interest.

I do. In the past things always got better for workers. Or at least were good enough. You see your housing values plummet, your credit card (which you have 10s of thousands of debt) rates hiked up to 25% because you were 2 days late paying your completely unrelated electricity bill, you can't get a decent rate for a student loan for your kid, gas at $3.75/gallon (or $5/gallon for Gouge-lanta) and then you hear that the folks you blame for all this want $700B of your tax dollars.

[JP]

I think general Americans are starting to get the hint that if this doesn't go through that they too will suffer. I don't think they care. They're willing to be turned down for that new Ford F150 loan if it means that hundreds of white collar folk get put out of jobs. There's this feeling of revenge from so many of them that have lost jobs from mergers or offshoring that this is an opportunity to "get back" at the ones that did it.

You really think so?
I've never seen the American electorate vote completely against economic interest.I know people, liberals and conservatives, who'd shed no tears if the Wall Street doofs who helped cause this mess got a poke in the eye.

But I don't know of ANYBODY who'd be willing to suffer along with them just to make it happen.

That's absolutely bizarre. The conservatives I know who are against this are against it because it's "socialism" or they think "the markets" can solve the problem better. The liberals I know who are against it are against it because it's throwing money in at the top among the people who caused the problem, rather than at the bottom where the hurt is actually being felt.

[Mysteryman]

I think general Americans are starting to get the hint that if this doesn't go through that they too will suffer. I don't think they care. They're willing to be turned down for that new Ford F150 loan if it means that hundreds of white collar folk get put out of jobs. There's this feeling of revenge from so many of them that have lost jobs from mergers or offshoring that this is an opportunity to "get back" at the ones that did it.

You really think so?
I've never seen the American electorate vote completely against economic interest.I know people, liberals and conservatives, who'd shed no tears if the Wall Street doofs who helped cause this mess got a poke in the eye.

But I don't know of ANYBODY who'd be willing to suffer along with them just to make it happen.

That's absolutely bizarre. The conservatives I know who are against this are against it because it's "socialism" or they think "the markets" can solve the problem better. The liberals I know who are against it are against it because it's throwing money in at the top among the people who caused the problem, rather than at the bottom where the hurt is actually being felt.

I'm not saying I agree with it, but this is what I've heard from 20s-30s folk recently. Funny enough, most of them are self proclaimed McCain supporters.

[TheIndependent]

I know a credit crunch may do in my personal business and put a huge strain on me and my family. I'm 100% against any federal bailout, even if it would help my individual circumstance.

[AJRitz]

I think general Americans are starting to get the hint that if this doesn't go through that they too will suffer. I don't think they care. They're willing to be turned down for that new Ford F150 loan if it means that hundreds of white collar folk get put out of jobs. There's this feeling of revenge from so many of them that have lost jobs from mergers or offshoring that this is an opportunity to "get back" at the ones that did it.

You really think so?
I've never seen the American electorate vote completely against economic interest.
Sure you have.
They elected George Bush twice, didn't they?

[JP]

I'm not saying I agree with it, but this is what I've heard from 20s-30s folk recently. Funny enough, most of them are self proclaimed McCain supporters.Ah. I think I get it - they're hoping civilization will collapse so we can have a Road Warrior thing going on. :)

[busyba]

I'm not saying I agree with it, but this is what I've heard from 20s-30s folk recently. Funny enough, most of them are self proclaimed McCain supporters.Ah. I think I get it - they're hoping civilization will collapse so we can have a Road Warrior thing going on. :)

More like Grand Theft Auto. :)