BAILOUT PLAN, Too much, too late? Options

[Hellfighter]

I'm not worthy to even get into the details of what's churning beneath this economic catastrophe looming ahead compared to the gurus we already have here discussing it.

But is it just me in thinking why are Repubs and some Dems in congess/ negotiations holding the US and world economy hostage just to save their political backsides.

As I understand it a massive meltdown like we've never seen in nearly a hundred years is only a step or 2 away, but we have Dems in Congress saying "no-no we can get this bailout plan launched ourselves but we want Repubs taking the plunge with us" and the we have Repubs acting like pussies because several hundred constituents are phoning opposing the plan - are the phone calls multiple calls from a few people, or do the hundreds of calls represent thousands saying 'no' to the plan.

Point is, in the face of a catastrophe shouldn't there be a realization to stave off the crisis at hand and later iron out the wrinkles.
I'm asking the gurus here -is this Global economy Russian Roulette of the worst kind?

So far today the market is showing meltdown fear over this bailout uncertainty.

[Robert]

McCain towing the line for Repubs in Congress to holdout on not giving the bailout plan the green light.
Financial Gurus here please adivse.... what's the reality of disaster descending on us if things are held up much longer?

What do you base than on. McCain took a position on the bailout that i needed to happen, Obama did not.
You could just as easily say Obama failed to get the 40% of Democrat who voted against it, to get on board with the plan.


What really bothers me how little talk there has been to admit this $700 Billion would only be a start according to a lot of economist.

Pelosi's stupid speech just proves why I'm so scared over the idea of Obama being Pres. in a way I wouldn't have been concerned if it were Hillary.
For days there has been an overwhelming call to put aside partisan politics. Then right before the vote she turns the whole mess upside down with last minute finger pointing. The bill would have probably failed anyway but now it will be more of a struggle to get anything done.
I still don't understand why the house rushed this when the senate wouldn't have voted until Wednesday.

[Hellfighter]

McCain towing the line for Repubs in Congress to holdout on not giving the bailout plan the green light.
Financial Gurus here please adivse.... what's the reality of disaster descending on us if things are held up much longer?

What do you base than on. McCain took a position on the bailout that i needed to happen, Obama did not.
You could just as easily say Obama failed to get the 40% of Democrat who voted against it, to get on board with the plan.


What really bothers me how little talk there has been to admit this $700 Billion would only be a start according to a lot of economist.

Pelosi's stupid speech just proves why I'm so scared over the idea of Obama being Pres. in a way I wouldn't have been concerned if it were Hillary.
For days there has been an overwhelming call to put aside partisan politics. Then right before the vote she turns the whole mess upside down with last minute finger pointing. The bill would have probably failed anyway but now it will be more of a struggle to get anything done.
I still don't understand why the house rushed this when the senate wouldn't have voted until Wednesday.

Actually there's alot of talk that the bailout plan is NO guarantee that it'll be the cureall for everything right away.
However, the world markets are praying the US market doesn't collapse -and are desiring any type of plan -part or whole to be agreed upon.If the world markets collapse then likely a bailout plan won't count for much
Time is of the essence.
Yes, a significant number of Dems voted today against the plan -from what I understand they did so because the majority of Repubs who were expected to vote yes suddenly had a change of heart due to their pissy-ness at Pelosi's anti-Repub rant speech just before the voting. Why would that be a reason to cast a vote of spite instead of common sense with so much at stake is pretty clueless imo.
Pretty sad seeing McCain holding a mini press conference yesterday evening for a 2 minute speech blaming Obama for the bailout plan's failure -is he losing it? Not hard to see why the gap is widening when he goes to those extremes to one-up his opponent.
Let's hope ALL the nimrods in the House get there act together for Thursday. It's easy to cry about not having a pretty package for a bailout plan, but what does Congress miss in that a potential world collapse of markets is at the gate and that their political antics can potentially crush the global masses.
You're more the financial gurus here- tell me if that potential's not true.


This post has been edited by Hellfighter: 09/30/08 2:07am