Silverbird
Well-known member
He borrowed Palin's power lipstick? It just isn't his color.ROFL.
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sugarandspice's Account Talk
- Thread starter sugarandspice
- Start date
Miss_Piggy
Member
ROFLMAO! :laugh::laugh: Lipstick on a pig, indeed!Lady
My sentiments also Lady and sugarandspice, especially, your Birchtree quote!
BTW sugarandspice, I can't figure out your avatar, what is it?
XL-entLady
Well-known member
Paulson and Bush will now say I told you so, Congress will patch together another attempt - a slightly more palatable one - that will pass because the members will be afraid to vote against it. And the Republicans now have a club with which to beat off the Bush stigma. And uncertainty about the future will continue to affect markets for a while, to the extent that for the next few months you should only risk money that you can afford to lose. JMHO.
Lady
CountryBoy
Well-known member
Well now that the Bail-out plan was voted down and the dow soared to new depths of 700 points...what's next?...What can we expect to happen (economywise/marketwise)?...Sincerely I don't know myself, or even have a guess..
thoughts?
WASHINGTON - In a stunning vote that shocked the capital and worldwide markets, the House on Monday defeated a $700 billion emergency rescue for the nation's financial system, ignoring urgent warnings from President Bush and congressional leaders of both parties that the economy could nosedive without it.
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Stocks plummeted on Wall Street even before the 228-205 vote to reject the bill was officially announced on the House floor.
I don't know, but I'm going to be buying some stock tomorrow.
Somthing will get done, regarding the bailout, but I feel this is our last bullet and we have to make it count. I want to see people (politicians and investors) that had their hand in the cookie jar or got special favors from companies get punished and there were plenty of them. People want to see those who caused this to get what they deserve, else they'll just do it again in about 7 years.
We also have to have the power to force banks to begin loaning money out if we're going to give them $700 B. Bernake even said regarding the earlier hundreds of billions we threw at them, that we didn't have the authority to make them loan it out, they just padded their books.
If we don't do this right, today will just be a drop in the bucket. This is too important to rush something thru half-a$$ed. Yes, I'm close to retirement, but I'm more concerned about what we'll be leaving for our kids and grandkids. That's what's highest in my mind.
CB
Silverbird
Well-known member
I'd suggest give the House a rest, let the Senate try. If it crashes in both places, that's it. go home. If it passes the Senate, revote in the House and then go home, either way. If this isn't how you usually pass a bill, I'd argue that neither House nor Senate had the leadership in this one, because it was developed by both in a process never used before, and just having multiple votes in the House is going to just generate fustration because we already know where they are right now, and will only serve to entrench both sides.
It must first pass the House, then the Senate (I believe by a majority in both chambers), then be signed by the President. If the President vetoes, then it can again be voted on again by both chambers, but I think it requires a 60% super-majority to overturn a veto.
Steadygain
TSP Elite
IF THEY SAID NOTHING - then everyone in the know would have been a thousand times madder. This let the ones "expecting" a good Monday know THE DEAL is off and trouble is coming.
Those "faces" are too numerous to count; would need to start all over with a brand new Earth.
I think you know I share your sentiments exactly on this whole matter.
Silverbird
Well-known member
Oh well, I guess a re-vote in the House IS the next order. sigh. I just wonder how long this can continue.
sugarandspice
Well-known member
The Dems had plenty of nay votes as well as the Reps. To Blame it on the Reps is B.S. And the Reps saying that 12 changed their mind ....please. It is now politics as usual without any care for the American people.
Motley Crue........It`s the same old..........Same old situation.......It`s the same old..........
Same old ball and chain.
Motley Crue........It`s the same old..........Same old situation.......It`s the same old..........
Same old ball and chain.
sugarandspice
Well-known member
........would need to start all over with a brand new Earth.
This is the best idea! Think of it.....from all the lessons learned up to now how beautiful things could be.
350zCommTech
Well-known member
I'm dreaming of a world without the Federal Reserve and the Central Banks.
CountryBoy
Well-known member
A big Amen,
I'm so sick and tired of all the finger pointing and blame game playing, no wonder their job rating is lowers than Bushes. I think that Wall Street knows how stupid and divided our politicians and are just using it to bluff them into giving them more money and of course we are the ones getting screwed in the end. It's easy to bluff the deaf and dumb and that's sure describes our politicians.
CB
Silverbird
Well-known member
We didn't have a central bank under Andrew Jackson because he abolished it due to a personal feud with the central bank's chairman (not sure if that's the exact title he held, but equivalent). The banking system did not work without it, leading to the establishment of the Federal Reserve, I believe under Polk.
Minnow
Well-known member
Actually, Federal Reserve as we know it was created by, I believe (I'm sure someone will correct me if I'm wrong) the Federal Reserve Act in 1913 -- much later than Polk.
10 points to the person who can name the guy that Andrew Jackson had the feud with.
sugarandspice
Well-known member
The general population and the world for that matter have been stirred up to believe that everything will collapse if this plan doesn't pass. Then when the "faces of deception" marched out to give their announcement, people wanted reassurance. They have blown their credibilty. The next time they walk out together to say something I think clown suits and makeup, stilts,a juggler, and with Barney Frank on the calliope playing off to the side.
Silverbird
Well-known member
Ok...hrmm, lookup... Polk established an independent Treasury, which remained the dominant element in the U.S. banking system until the Federal Reserve. Me wrong you right. it was a Federal central bank, but not the Fed http://www.answers.com/topic/james-polk
phillyfed
Member
Minnow
Well-known member
Wink, John Calhoun for the 10 pts.
10 points for phillyfed ...
Nicholas Biddle was the answer but, I didn't specify which feud (my bad) ... so, you probably could've picked anyone alive during Jackon's term and he fueded with him or her. Thanks for playing. Biddle's brother was actually killed defending Nicholas' honor in a duel (but not with Jackson).
sugarandspice
Well-known member
You gonna lift that thing?----Taber
phillyfed
Member
Jackson was a brawler! :flex:
Alright, I get 5 pts. atleast for my googling skills.....HOLLA~ :laugh:
Cool I finally won something today.....NICE!
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