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(MSNBC)   Well, the bailout was fun while it lasted. Hilarity ensues   (msnbc.msn.com) divider line 2171
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39873 clicks; posted to Main » on 29 Sep 2008 at 1:57 PM (5 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2008-09-29 03:07:50 PM
My Home Equity line of credit just got turned off, thanks Chase.

/Not enjoying this
//Don't need it, but I miss my equity
///Can I have bailout and keep my good credit? OH that's right, I was financially responsible, so I get screwed even more than most...
 
2008-09-29 03:07:59 PM
Gwendolyn: Tenga: Where's Jesus during all of this?



He just got sidetracked in the desert. He's on his way.

img72.imageshack.us

I heard he just left Chicago and is bound for New Orleans, working from one end to the other and all points in between...
 
2008-09-29 03:08:02 PM
clambot: Find another job. There's plenty.

You say that now. Wait till the credit crunch hits corporations borrowing for payroll on expected revenues in the fourth quarter... lets see how many jobs there are available then.
 
2008-09-29 03:08:03 PM
pixistick: Bohemian: FarKnight: ha-ha-guy: Bipartisan rejection!

The markets are going to be fun today.

Not really. Democrats largely supported it. Republicans largely rejected it. It's a partisan issue at its core.

Not not really. There were quite a few Democrats who voted against it. What is scary is that house.gov is farked right now.

Ayes Noes PRES NV
Democratic 140 95
Republican 65 133 1
Independent
TOTALS 205 228 1



95 Dems & 133 Rep. noes against the bill.

But what we really want to know is: how many "Oh Noes!" on the vote?

i283.photobucket.com
 
2008-09-29 03:08:07 PM
The sinews of war are infinite Money. - Cicero
 
2008-09-29 03:08:17 PM
Rann Xerox: "Wile E. Coyote, with cliff behind him, his eyes look down."

Rann FTW.

/still laughing
 
2008-09-29 03:08:31 PM
clambot: Find another job. There's plenty.

where? not in south central KY
between me and my husband we have over 30 apps out and are reqistered with every temp agency in town ( who do not have any jobs to send people to...)
 
2008-09-29 03:08:33 PM
Pelosi is a political genius. She knew that the republicans didn't want to pass the bill, so she spews a 'sky is falling' speech right before the vote. She scares off just enough democratic votes and then blames the republicans.

Thanks for electing this biatch California.
 
2008-09-29 03:08:50 PM
This bill was un-American and un-Constitutional. I'll be the first to say that Bush is ASSHAT #1 on this thing. Paulson is trying to declare himself Prime Minister through it - and the dickheads like Frank and Reid desperately vying for their pocket lobbyists are going to have a rude awakening come election time. "Do you want fries with that?" needs to become familiar in their vocabulary. American taxpayers win one for a change.

The economy will suffer - but not because of the bill's not passing, but because of the willful fumbling that got us to this point. Free market capitalism also means freedom to epically fail.
 
2008-09-29 03:08:53 PM
All Latest: Republicans: Not our fault! Pelosi scared us!

2/3 of the dedmocrats did their job. 2/3 of the republicans didn't.


If the job of a Representative is to represent their constituent's wishes, then you could also say that 2/3 of Republicans did their job and 2/3 of the Democrats did not.

Our government is supposed to transparent, if they know something about this economic mess that we don't, then they need to communicate it to us, their constituents, so that we can decide what's best for ourselves and pass our wishes on to them.

As is, we are faced with a situation where our representatives are (supposedly) voting for what's in our best interests and we can only take their word for it, whatever that's worth.
 
2008-09-29 03:09:02 PM
mrtoadswildride: Every day I wake up in my bed, in a house, I use running water, electricity and eat food. I get in my car, and still buy gas on my way to work.

Not if you live in the SE part of the US.
 
2008-09-29 03:09:11 PM
74.92.166.161
 
2008-09-29 03:09:12 PM
PC LOAD LETTER: You do realize that most Dems voted for it and most Reps voted against it, no?

the split was like 60-40 though, for both parties. The fact of the matter is that if the dems had mustered some more party unity they could have passed this easily. Doesn't mean the GOP isn't stupid but the blame is shared.
 
2008-09-29 03:09:14 PM
deltabourne: So instead of spending $700bn we spend $1 trillion+ and still have companies fail?

Tell your CPA relative to quit his day job.


Federal income from income taxes was 966.9 billion dollars.

1/2 of that is 483.45 billion dollars.

So we'd save 216.55 billion dollars.

Companies are going to fail. That's what a "free-market" is all about, right?
 
2008-09-29 03:09:15 PM
dhudd: If things get desperate some of you younger farkers are welcome to come and pick berries for me on my farm. I'll even let you buy some stuff from my company store, heck, I'll even extend you a little credit at very reasonable weekly rates. If you would like, we have a very nice field you can camp upon for a reasonable fee as well. And water, we have our own well and you can fill'er up, of course, for a fee. And those guys over there with the shotguns, they're security, they're just here to help you adjust.

Mr. and Mrs. DHudd.


Can I sign on as part of your security and tote shotguns around with my backup?

Oh, look, everything that was yours is mine now. Get off my land.
 
2008-09-29 03:09:25 PM
Treygreen13: Kevin5280: "Pelosi's partisan speech has caused our members to go berserk and may cost us any remaining chance to pass the bill," the source said.

So we're going to suffer through a meltdown because the Republicans are upset about Pelosi saying things that weren't nice?

If you are going to be in politics, then grow a farking backbone. If you don't like the bill and don't like the idea then have the guts to say so. Or get out. Don't walk out there and say you didn't vote for it because you think somebody is being a meanie.

Cantor is sounding like a whiny little kid.

You're going to have to try harder than that.
Many of the Republicans were wary of passing the bill so quickly, but were willing to go along with the bipartisan group just to stabilize the markets.

As soon as Pelosi heard that it would probably pass, she put out a partisan speech to bolster her candidate. The Republicans said, basically, "We were willing to go along with this just to get something done, but we're not going to vote for it if you're going to attach your political message to it".


Why is it always the Democrat's problem to save the day? Why can't you Republicans take the political hit for once? For a party that loves to scream about loving America, you Republicans really don't do that much of it.
 
2008-09-29 03:09:38 PM
Gwendolyn: hitlersbrain: Good things that COULD come out of this:
3. Remove the perception of the stock market being a 'sure' thing. It's gambling, it's supposed to be risky. Companies should focus more on sustained, efficient production and less or none on quick, short term profits.

THIS!

I don't know when this started but it's farking stupid.


It started because the government decided it wanted to use the stock market to, among other things, shore up Social Security and started dumping heaps of money into it, and even more whenever the market went down, essentially rewarding failure. It became a sure thing for the investors on the receiving end of the government gravy train.

The stock market was originally a means for companies to raise capital by selling chunks of themselves to investors. Now it's a bunch of speculators on an arcane government-sponsored binge.
 
2008-09-29 03:09:39 PM
I think this is what may be called a case of punching your nose to spite your face.

Dow down -572.03 right now.
 
2008-09-29 03:09:52 PM
So if a person wants to sell their house, I'll buy it. We'll work out an installment plan between ourselves. fark the bank.
 
2008-09-29 03:09:52 PM
Since people are idiots:

Ample no votes came from both the Democratic and Republican sides of the aisle. More than two-thirds of ******Republicans******** and 40 percent of Democrats opposed the bill.
 
2008-09-29 03:09:55 PM
Elzar: As an evil liberal I am getting a kick out of the bailout failing. Its time for someone to press the reset button on the wall street shell game - feeding in more quarters just makes people poorer.

/ Like others have said - fark wall street. Let them eat cake (its a lie anyway).


I'm no supporter of the bailout as it stands (especially the "existing contracts remain untouched") but posts like this worry me.

People: The fat cats don't lose in this "market reset" or whatever cool econ phrase you're all throwing around. The middle class loses. The blue color workers lose. Wall street didn't take your money and run. They took it and sunk their hooks into everything you do. So that when they go they rip a large chunk of everyone else with them. Who stands to lose the most: Those with the least. You're braindead if you think that "letting them eat cake" is going to result in billionaires losing everything. Those guys will be fine. It's you, me, and everyone else who will feel the brunt of this.
 
2008-09-29 03:09:57 PM
Corvus: timmy_the_tooth: No... my answer is not to panic and not to follow any plan that George W. Bush comes up with -- he's never been right before.

My plan is a real stimulus plan, take the $700b and invest it in roads, bridges, and ending our dependence on oil in this country. This "plan" that Bush wants is an unprecedented grab for power and treasure that will only benefit the very rich because they are very rich.

I am in no way a Bush supporter, but this will be much more painful if we let all the companies go bankrupt then if we don't.

I agree we need to do these investments too. But we won't be able to afford them if many companies go bankrupt.

Remember it's the REPUBLICAN's stopping this bill. Do you really think they are doing it because they think it's handouts to big businesses?


No, I think their constituency is uber pissed and they know if they vote YEA they're going to be voted out of office.

It's called cover your ass and your job.

I expect what someone else said, 11/5/08, a bailout passes. Then it's 2 full years before they need to be reelected and we all know how Americans are on long-term memory.

Or, it could be as someone else stated, about less regulation and oversight. If this happens, I'll be seriously pissed.

I want the bailout, but not without Congressional and Supreme Court oversight.
 
2008-09-29 03:10:14 PM
wolfzr2: sub_harmonic: wolfzr2: sub_harmonic: I will not complain when I see the standard of living decline, because I am SICK of the worship of materialism, consumerism, and greed.

YEAH! How dare we want a decent house, a car that starts, and clothes with no extra holes in them???

How dare we want to give our kids a good life? How dare we save for retirement? SHAME ON US.

How DARE we drive SUV's with 20" rims when we make $20/hr. How DARE we feed our kids fast food every day. How DARE we want a 42" plasma tv, iphone gen 2, xbox 360, alienware, yadda yadda yadda. You cannot deny that our consumerist feast has extended a little beyond the boundaries of a "good solid white picket fence and decent education for our offspring."

Do you ever venture out beyond your digital cable to see the real world? The way people live?

Maybe after this correction we can afford an economy that is not primarily based off of service.

HOW DARE I suggest such a thing.


I'm not saying we're without fault. I'm saying that while we may be hopeless consumers, there are those of us that spend well within our means. Not the credit leeches that started this mess.


Ok. I meekly apologize for asserting that you were one of the sheep. There are plenty of fiscally responsible americans that are going to suffer because of this. I, for one, feel that the hardships that may be endured (because admit it, noone is sure) by the responsible, mature, informed amongst us is good, because the end justifies the means.

However, in the case of the sheep that merely act without deliberation throughout all decisions in life are going to pay for their own unweildy actions, without me having to be responsible for them as well as myself, any more than is natural.

Also, I do believe this would have been the rubber stamp of approval, by our legistlature, on greed and corruption. As far as I see it, this was a blank check without any assurance that there was going to be sustainable positive results.
 
2008-09-29 03:10:30 PM
noinnucP: Has anyone seen any jumpers yet?

Check this out. (new window)
 
2008-09-29 03:10:51 PM
SweetDickens: Simple solution: Give each US citizen 18 years old and above 500k. Which equals roughly 700 billion. Tax it now we have roughly 370k each....Guess what? We will pay off our houses, credit cards and still have some bling money left. Wow just think, stimulating the economy by getting rid of the middle man. Yes it works....Alaska does this every year and people do use the money for their pleasure and pain.

Hey yeah! We could just print enough money to pay off the national and personal debt, maybe have some left over to send every citizen out for a nice dinner too. It's a flawless plan with no possibly negative consequences whatsoever!
 
2008-09-29 03:10:55 PM
Staypuft_Mushmallow_Manz: PC LOAD LETTER: You do realize that most Dems voted for it and most Reps voted against it, no?

the split was like 60-40 though, for both parties. The fact of the matter is that if the dems had mustered some more party unity they could have passed this easily. Doesn't mean the GOP isn't stupid but the blame is shared.


This is true. But I hate the "Pelosi sucks!" crap. Blame is fully shared.

However, the bill did suck as written.
 
2008-09-29 03:11:07 PM
Funny how many of you are so convinced that the Bailout is "necessary", just because George W. Bush went on television and told you so. I mean, what with him being such a reliable source of critical information and all.

The fact is that the economy is currently correcting itself. It's what the economy is supposed to do. If one company fails, another steps in. Like BoA did for AIG. But really, for all you brain-washed proles that keep saying the Bailout is "necessary", please answer me this: If you can't pay your mortgage, do the Bankers of the world all band together to bail YOU out?

...it's really interesting to me how all of you Free Market Republicans are suddenly endorsing full-on Socialism, in the form of Government Welfare for the Ultra Rich.
 
2008-09-29 03:11:11 PM
Sliding Carp: Gwendolyn: Percentage wise we're not even in the top 10 stock market drops in history.

In a land of Cassandras, Chicken Little is king.


How about if you take it from its high of 13 and change then it seems pretty drastic.
 
2008-09-29 03:11:13 PM
Yes, it's so nice to see the House Republicans using cold hard logic and their deep knowledge of economics to make the right decision here.

Oh wait:

"Rich Wall Street fat cats expect Joe six-pack to suck it up and pay for their mistakes," said Rep. Ted Poe, R-Texas, speaking for a number of Republicans and many Democratic lawmakers who have been inundated from constituents opposed to the bailout. "I'm not going to take that."

I had no idea hillbillies were so dangerous. I have new found respect for the power of the hick. Git r dun!
 
2008-09-29 03:11:23 PM
Mr. Getdown: Farking Republicans. You screwed the pooch with your deregulation. At least own up to now, biatches.

Farking cowards.


www.notcoming.com
 
2008-09-29 03:11:25 PM
Code_Archeologist: clambot: Find another job. There's plenty.

You say that now. Wait till the credit crunch hits corporations borrowing for payroll on expected revenues in the fourth quarter... lets see how many jobs there are available then.


You know, maybe they shouldn't be doing that then.
 
2008-09-29 03:11:27 PM
xanadian: FarKnight: house.gov officially slowest website on the intraweb

So true :P


The direct link to the House Tally Clerk is also farked. The bailout bill will be part of H.R. 3997, although the description listed for it makes no mention of the actual title (Emergency Economic Stabilization Act of 2008).

Thomas.gov has slowed to a crawl, but I'm still trying...
 
2008-09-29 03:11:29 PM
Lt. Cheese Weasel
Gwendolyn: Tenga: Where's Jesus during all of this?



He just got sidetracked in the desert. He's on his way.


I heard he just left Chicago and is bound for New Orleans, working from one end to the other and all points in between...



You dont have to worry cause takin' care of business is his name.
 
2008-09-29 03:11:32 PM
Oh, and where was Obama's leadership pulling *his* party together?

This was a Democrat party bill, where was the party leader?

I guess yapping about " change " and nothing else only works with the uninformed electorate, but the guy couldn't even lead his own party. How the hell is he going to lead an entire country.

Another huge FAIL
 
2008-09-29 03:11:40 PM
Hmmmm... time to invest in the three B's BREAD, BEER and BULLETS...
 
2008-09-29 03:11:44 PM
pixistick: Do you know the difference between a Representative and a Senator?

Sure do. There is 100 of the right? What has that got to do with 95 out of 235 democratic representatives didn't follow party line as dictated by democratic leadership. Call him.
 
2008-09-29 03:11:45 PM
PC LOAD LETTER: libbynomore2: Pelosi-Leadership=Cat 7 FAIL

Worst House Majority leader ever.

She didn't even secure the votes of her own majority party before she goes out and bashes Republicans before the vote is even taken.

FAIL FAIL FAIL

And Democrats? Don't even want to hear a word from you about how the minority scuttled this bill when you didn't need them in the first place.

If this was so great, you'd have passed it, and then took all of the credit.

Again....FAIL FAIL FAIL

You do realize that most Dems voted for it and most Reps voted against it, no?


Yeah, any discussion of "who's responsible" is kinda over now that the votes are in. 2/3 of dems for, and 2/3 of GOP against.

GOP deserves the (credit/blame) for the bill not passing and the market's (death spiral/prompt correction).
 
2008-09-29 03:11:55 PM
NationwideClyde: This is good news, but not for the reasons a lot of people think. Inflation is a big problem right now, a problem that diluting the money supply with another .7 Trillion dollars would only make worse. It's bitter medicine, but the best thing the government can do right now is NOTHING and let the crunch run its course - it's the only way the market can realign itself with what is really held in real captial and get out of the fog of cheap credit that made this problem in the first place.

Lesson #2 - Bernanke, quit jiggering credit below market rates. It causes people to burn through real capital - cheap credit makes it better to spend than to save in the short term - and when real savings run out, look out. Crunch time. Exactly what we're seeing now. The subprime mess is quite possibly the largest-scale economic idiocy in the history of the Western world.

What makes capitalism work is SAVING. Saving = captial. That is how real capital is accrued. If you perpetually stack the deck in favor of debtors at the expense of creditors, OF COURSE credit will evaporate - that's because we've chewed up all that capital, much of it malinvested in a severely bloated housing market.

There's no magic bullet quick fix here. We've had years and years of those and all they've produced long-term is inflation and instability. LET THE MARKET WORK.



You either need to do some research or take an economics class. This bailout is needed to basically prevent a complete collapse of the US economy. AIG's failure alone would have collapsed the US economy, which is why it was bailed out. This bailout is a final act of desperation to prevent the US from going bankrupt. Every man, woman, and child in the US owes about $40,000 in public debt, and other countries have stopped loaning us money. In fact, many are calling in their loans, while others are moving to the Euro. If the market is allowed to work this out, the USA is going belly up.
 
2008-09-29 03:12:09 PM
bobbette, Ozaru, DrJesusPhD: Ozaru: DrJesusPhD: Good on 'em.

I tried calling my congressman this morning. Couldn't leave a message because his mailbox was full.

How happy are you going to be when you go to the ATM and it says there is no money in your account? This bailout is needed to prevent a complete collapse of the US economy. One of our local banks has less than $100,000 left. The employees are really worried that even a minor run on the bank will result in failure. Of course most people are protected by the FDIC. However, the FDIC insures over $4 trillion...more than 5 times the amount of this bailout. Either way, the US is on the verge of economic collapse, and our run as the world's leader is almost over.

The US government is clearly headed for bankruptcy, and unless Americans stop spending money they don't have, even a $700 billion bailout will only delay the inevitable. The US had a decent run, but it is coming to end. Americans are lazy and ignorant, and it was only a matter of time. The USA probably wont become a failed state, but Americans are going to have to come to grips with the fact that we are no longer going to be a superpower. The EU's GDP is already much larger than the US, and soon China's GDP will also surpass the US'.

Every man, woman, and child in the US owes almost $40,000 in public debt. It is starting to get to the point that it will be impossible for us to repay this. Years ago, it was easy enough for Americans to simply pass this debt on to their children, but this is no longer an option. Either we have to pay off this debt, or we have to admit that we are sabotaging our children's future. Americans like to pretend like they care about their children, but people that support the Bush tax cuts clearly don't care about their children one bit. They care more about a comfortable lifestyle for themselves than they do about the future survival of their children or the country. Oddly enough, many of these people that are selling out our country claim to be patriotic.

This. I've never seen an economic crisis this bad, on this scale.

Good thing I speak two European languages, and it seems like it's time to turn my conversational halting Mandarin into literate-level fluency.

Americans don't even have the political will to keep their own country from sliding into another Depression. It has the option and its class war is so entrenched that both sides would rather their country's economy be destroyed than take the necessary steps to fix it.


This is Fark. If any one of you (or all three of you put together, for that matter) had the brainpower and predictive ability you are laying claim to, you would not be wasting your time here on Fark.

Now sit down, grab a bowl of popcorn and try to relax.

/(2/10, 1/10, 1.5/10)
 
2008-09-29 03:12:10 PM
I Said: Tenga: Where's Jesus during all of this?

He was carrying you . . .

Then you got bloated from absurd asset valuation and Jesus fell down under the enormous weight you put on. You, now obscenely fat and useless can't make it out of the desert so your option is to either eat jesus little by little, losing weight gradually but becoming ill from an all protein diet, or starve until you're back at a manageable weight and can make it out on your own.


I think I'll turn to page 94 instead...
 
2008-09-29 03:12:20 PM
SUCK IT, WALL ST.

SUCK IT LONG.

SUCK IT HARD.
 
2008-09-29 03:12:22 PM
Lando Lincoln:
Companies are going to fail. That's what a "free-market" is all about, right?


Among other things, yes.
 
2008-09-29 03:12:29 PM
I, for one, do not welcome our new international banking overlords.

/They're stepping out of the shadows now.
 
2008-09-29 03:12:38 PM
I'm investing heavily in pitchfork, torch, and rope incorporated.
 
2008-09-29 03:12:43 PM
PeriRies: Do you ever have that dream where you're the asst. manager at a Burger King in Orangeburg SC, living in a trailer with a woman who has 5 kids by 4 different men(none of those men are you), and your only hobbies are buying scratch-off lotto tickets and watching infomercials?

I've been having that dream a lot lately.


No, but I just had a dream where a lot of hobos had taken over my backyard and were starting fires everywhere to keep warm.

/Really did have that dream last night
 
2008-09-29 03:12:44 PM
PC LOAD LETTER: libbynomore2: Pelosi-Leadership=Cat 7 FAIL

Worst House Majority leader ever.

She didn't even secure the votes of her own majority party before she goes out and bashes Republicans before the vote is even taken.

FAIL FAIL FAIL

And Democrats? Don't even want to hear a word from you about how the minority scuttled this bill when you didn't need them in the first place.

If this was so great, you'd have passed it, and then took all of the credit.

Again....FAIL FAIL FAIL

You do realize that most Dems voted for it and most Reps voted against it, no?


You do realize that the bill failed, right? And that a mark of leadership for a House Speaker is knowing when there are enough votes to pass a vital bill before bringing it up to vote? And that Pelosi launched into a dishonest and incendiary rant blaming Republicans for everything right before the vote?

The ultimate measurement is that the bill failed. Had she been a better leader, it would have probably passed.
 
2008-09-29 03:12:49 PM
Pelosi is in tv. How many farking flags can people squeeze in there?

This is to House Republicans and Democrats. SHUT THE fark UP ABOUT YOUR PARTISAN WHINING.SteelBeak: So if a person wants to sell their house, I'll buy it. We'll work out an installment plan between ourselves. fark the bank.

Yeah my grandfather sold a house that way in the 1970s.
 
2008-09-29 03:12:52 PM
deltabourne: Because RICH PEOPLE *shakes fist*

Farkers think that cutting off their nose to spite their face is sound economic strategy.


I don't care if it's rich people or poor people...NO 700 billion for them. Not theirs.

If the economy needs to be propped up with money borrowed from my future, farking let it crash. If the welfare trash will riot because they don't get their checks, farking let them. They'll starve out in a few months.

I'm tired of being a member of a nation of cowards. It's time to face reality, no matter how much it may suck. The shiatter has been backed up for decades, and it's time the roto rooter man came and flushed it out.
 
2008-09-29 03:13:03 PM
homepage.mac.com

We saw what you tried to do there.
 
2008-09-29 03:13:05 PM
In Smith & Wesson I trust

www.gunblast.com

/Who needs greenbacks anyhow? Buy gold
 
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