Senate passes bailout plan. [NYT]
More From Consumerist
-
JetBlue Expands 'Go Pack' 10-Flight Bundles Of Shareable Passes To 32 Markets
-
House Passes Bill Tying Student Loan Rates To Treasury Notes
-
Travelers Could Be Grounded Until The Weekend In The Aftermath Of Hurricane Sandy
-
Scam Alert: Sorry, The President Will Not Be Paying Your Electric Bill
-
Without Discount Passes, AMC’s Rewards Program Is A Lot Less Rewarding
Best evidence yet that our elected leaders don’t care about the will of their constituents.
Single digit approval ratings on the way.
I’m thinking 1 or 2
Of course this is despite the fact that by their own admissions of the streams of mail and email senators and representatives have been getting somewhere around 94% of it is against the bailout which just shows how disconnected these politicians are from their constituents who don’t want their money going to bail out people who knowingly gambled and lost.
I’m okay with it…as long as we get blood. Give us blood. Heads must roll. Preferably literally.
Every yes vote was an act of treason. The constitution lays out what we need to do next.
@krispykrink: And that would be? I assume you say treason, because their votes went against what the people want. But we don’t have direct democracy in this country, but representative govt, which means that it’s perfectly reasonable and legitimate for our elected representatives to vote the way they think is best for the country. It’s in that constitution you mentioned.
@krispykrink:
It’s hilarious that you invoke the constitution re: treason yet the constitution clearly defines treason, and this doesn’t meet it…AND it says that Congress gets to define punishments.
Don’t invoke something unless you’ve at least skimmed over it.
@krispykrink: See, this is why most of the electorate gets ignored — they have no idea what they’re talking about. Constitutional law, finance…stick to ANTM.
Well, it was nice while it lasted. 232 years is nothing to sneeze at.
I’ll admit I don’t know much about the economy and what this will possibly mean, but my guess is this is only going to delay the inevitable.
What did I miss here? I thought the Constitution states that all financial bills must originate from the House?
@chiieddy: I think they tacked this on to an existing bill that had originated in the House at some point. The first bailout (I mean “rescue”) bill was brand new, which is why the House voted on it first. At least that’s how Orrin Hatch explained it the other day.
@chiieddy: I believe they tacked it onto a bill that gave tax breaks or subsidies to people who use green energy alternatives.
@scottr0829: Actually they tacked it onto the “Paul Wellstone” bill, which was the one that requires health insurance companies to give equal priority to mental health conditions as they do to physical health conditions.
@scottr0829: [thomas.loc.gov]
@chiieddy: That explains it. Thanks!
w00t! one step closer to getting bailed out of my bad investment –> [www.buymyshitpile.com]
Duck Tales once tackled the problem of what the Senate has just done…
@Edge101: Actually they tacked it onto the “Paul Wellstone” bill, which requires health insurance companies to give equal priority to mental health conditions.
[thomas.loc.gov]
Don’t worry, the house will still block it.
If the house does back this bill and congress can give 700 billion to the banks, then they don’t need my money. I will not pay taxes any more.
I hope this passes honestly. I have been waiting for our government to finally do something that will piss off so many Americans as to create a upheaval of the system. I would have thought that the war and all those civil liberties spats would have done it… but it seems to REALLY make a American mad, you need to go after their pocket book.
That said I am making sure to save up mucho cash to throw into the system after it collapses anyway, since just about everyone but a few experts and our elected officials knows the money is going to burn and not go where its supposed to in the end.
@OletheaEurystheus: You’ve actually changed my opinion on the issue. I’m with you. This passing will bring us one step closer to a proper rebellion, which I’d love to see in my lifetime.
@Decaye: A blog rebellion maybe. Nobody is going to be marching in the streets.
@Bladefist: I know. That’s why I said one step closer. These things take time, but it’s a start. and I’m young enough, I have the time.
It’s pretty pointless to hope that the government will turn around and stop fucking this country in the ass of their own volition, so I really have no choice but to hope that they ruin things so badly that people have no choice but to rebel.
@Bladefist: Maybe so, but the kind of rebellion Im looking for is in the voter booth. Its been a long time since we had multiple parties, over 100 years now.
After this fiasco I think things might be ripe for moderate liberals, and moderate conservatives to finally come together and make a new party. There are a lot of democrats and a lot of republicans who for the most part believe in the same ideals, but swing to one side or the other for various reasons. The vote on Monday was a perfect example of this in the house. over 200 people did NOT agree with their party. While some where petty, and some where out of fear of their losing reelection in a month, there where many who just thought the democratic and republican leaders where smoking dope.
It just takes a handful, maybe 20-30 of them to splinter off after this to start the seeds of a true moderate party, and I would be the first one to jump ship from the democrats who I side more often on but cant stand how socialist they get.
The same people who caused this mess, are the same people who are cleaning it up. Don’t worry, they “know” what they’re doing. lol
What infuriates me most is to hear these people talk like the average American is too dumb to know what’s going on. I was watching C-SPAN last night and one Senator actually said something like “85% of my constituents are against this bill, but they don’t understand it.”
Screw you, lady. If a vast majority of your constituents are against the bill, it is your DUTY to vote against it. YOU are representing THEM. She voted for it, of course.
@dripdrop: I certainly hope not. Representation in a republic means voting for what’s truly in your constituents’ best interest, even when it’s unpopular, and especially when your constituents don’t realize it. I don’t enjoy being covered by polls of a frightened group of people.
Here is a good article that lists the reason why this style of “rescue” will not work.
[ml-implode.com]
Well, I can think of 74 senators that need replacing.
Something from the article really bugs me:
“The two Senate leaders, Senators Harry Reid, Democrat of Nevada and the majority leader, and Mitch McConnell of Kentucky, the Republican leader, strongly urged their colleagues to approve the plan despite the political risk given public resentment.”
Okay, so politicians are now asking their peers to now vote outside the wishes of their constituents? I’m with OletheaEurystheus — I hope this causes a huge uproar.
Unconstitutional government. Draconian like security department. Buying banks. Not following the will of the people. Yeah, democracy is great. Oh wait, that isn’t democracy? Well then what is it?