Those pecker heads passed it...

[Ecomike]

"An AP-GfK poll released last week before the House passed the revised bill found Americans divided on whether they supported the bailout."

http://ap.google.com/article/ALeqM5jOzxfNn1jhXErEemMbUQlBdl4F5wD93KJ3M01

http://pewresearch.org/pubs/977/the-bad-rap-on-the-bailout-bill

"The most recent polls -- those conducted through Monday night -- show the public is at best divided over the plan. There is little indication of overwhelming public rejection of the bailout proposal. A new Pew Research Center survey conducted Sept. 27-29 found support for the bailout slipping, but still showed a narrow 45%-38% plurality of the public saying that a government plan to invest or commit billions of dollars to secure financial institutions is the right thing to do."

 

[Ecomike]

There were better alternatives that were ignored and this plan was rammed down our throats... and in a hurry.

There was a good option that I liked,

Which was?

 

[RichP]

Funny thing about polls, they say whatever the people who paid for them want them to say.

 

[Ecomike]

Funny thing about polls, they say whatever the people who paid for them want them to say.

While I agree with your point, I am not quite that pesamistic (sp?). I do look at the question asked and who was asked, and any other details on the poll when available, and I look at different polls when I can find them.

 

[goodburbon]

I thought this plan was a bit better.

"Government as lender: Critics of the administration's plan argue that an alternative could be crafted to minimize the exposure of the government - and taxpayers - to risk. Johnson, the MIT professor, suggested that the government, instead of taking on the bad debt, could offer loans to troubled banks, allowing them to put up their sickened portfolios of mortgage-backed debt as collateral.
This would give the banks access to badly needed cash at attractive interest rates set by the government. But it would not completely let them off the hook for making those bad investments in the first place. Because government money would come in the form of loans, rather than an outright purchase of the risky investments, taxpayers would be offered greater protection. "

I like it because it doesn't create a whole new "bureau of forclosed home sales".

I'm a libertarian, so my favorite plan is to let it sort itself out. Do I want a depression, no. Do I think we're going to see one, yes.

 

[goodburbon]

http://www.bestmindsinc.com/documents/ium_102yearchart.pdf

The sharper the climb the harder the fall.

 

[Jester99]

I can tell you as of 2:25 pm this thing is not working. DOW is down 720 pts and there is a global sell off round' the world. Now, if stocks plummeted when the first bailout was proposed, and again even with this supposed "new" bailout being passed, this can only mean one thing...

 

[goodburbon]

wolverine?

 

[Jester99]

 

[Ecomike]

THis guy is a hard core Republican and he was calling for the bail out (renamed it a stabilization plan) 3 weeks ago.

http://www.frontlinethoughts.com/printarticle.asp?id=mwo092608

 

[RichP]

I love it, the foundation is cracking, the framing is collapsing so what do they try to fix first, the roof of course. Makes perfect sense. That way the roof will look nice when it hits the ground.

 

[muduck18]

hasta

THis guy is a hard core Republican and he was calling for the bail out (renamed it a stabilization plan) 3 weeks ago.

http://www.frontlinethoughts.com/printarticle.asp?id=mwo092608

I am not sure that posting the same link 20 times gives it any more credibility...

Unlike Democrats, Republicans are not hard core enough to think that one person is an accurate representation of 'our kind'