Bailout passes. 263-171. [CNN]

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  1. UnStatusTheQuo says:

    Failout?

  2. Rectilinear Propagation says:

    And the entire country discovers the meaning of “learned helplessness”.

  3. OletheaEurystheus says:

    and god helping, 263 democrats and republicans will soon be out of a job.

  4. smirky says:

    Why does my ass hurt all of a sudden?

  5. MissTicklebritches says:

    So now we’ll have a recession instead of an all out depression? Wait, we’ve been in a recession for the past several months, haven’t we? Well, I’ve been in a recession.

  6. Damn. I was hoping to see the entire economy finally collapse. Oh well. My tax dollars will be paying this off for the rest of my life, even though I’ll never be able to get a house.

  7. moore850 says:

    Now watch as nothing improves and somehow no one cares because “we did what we could”.

  8. pixiegirl1 says:

    This really makes me sad. I guess the only positive is the dow went up 147 the last i checked it.

  9. PixiePerson says:

    Can anyone explain the Dow drop that happened right after? I thought they *wanted* this thing.

  10. logicalnoise says:

    I wonder if mccain will call for bush to veto it or just wait til he signs it and then lamabast him and say “i would have vetoed it(even though I voted for it).”

  11. pezhore says:

    Anyone else looking at the dow? [finance.google.com] Huge plummet after it passed.

  12. thinkliberty says:

    Great. Banks that conned wall street in to buying loans that the banks knew would not be repaid just conned er bought out congress too.

    They had them tell america that now was not the time to look at who is at fault… Because they were at fault. They just needed the cash right away… So what did they do? They enabled them with a cash bailout. It’s along the same line as giving a heroin addict a blank check.

    Now taxpayers and future generations get to pay for the scam too.

  13. Corporate_guy says:

    Gas is going to shoot up like crazy due to this inflation. Our economy needs deflation more than anything and they passed a bill that directly causes a crap load of inflation.

    • BrianDaBrain says:

      @Corporate_guy: I think the technical term for it is hyperinflation, and it won’t be just gas that skyrockets. As the dollar loses even more value than it’s already lost (and there’s a lot of value to be lost when creating $700B in magically appearing money), prices on good across the board are going to go up.

  14. Ya know, Mr. Greenspan used to say you shouldn’t make policy based on the markets response. So Whiskey Tango Foxtrot?!?!

    • OletheaEurystheus says:

      @El Gato en mis Pantalones: least us forget just about everyone on wallstreet wanted him gone for this VERY reason.

      This isnt the last we have seen of the ass-raping of the American economy and people….

    • pezhore says:

      @El Gato en mis Pantalones:

      If Greenspan was still in his position, this wouldn’t have ever happened. He was the ideal Fed chairman. You had analysts pouring over how often he blinked in his addresses to try and glean what the fed would do.

      Current guy – “We’ve lost all control.”

  15. OhYeahAlright says:

  16. shoelace414 says:

    We have to stop governing by Dow. The Stock Market is not the economy.

    • SabreDC says:

      @shoelace414: You’re absolutely correct. I keep telling people that too. Furthermore, to expand on your definition, not only is the market not the economy, but a single index isn’t the market.

    • BrianDaBrain says:

      @shoelace414: Something else we should consider having is a governmental body that listens to the people that elected it.

  17. AlteredBeast (blaming the OP one article at a time.) says:

    Does this mean I don’t have to pay back my mortgage?

  18. anybody holding a “bailout party”?

  19. Fuzz says:

    mmmmm . . .pork.

    Guess it worked! Who said politicians weren’t easily persuaded by a little bonus?

  20. mdoublej says:

    My arrow company, and Puerto Rican rum stock have gone through the roof today!

    • m4ximusprim3 says:

      @mdoublej: Believe me, by the time this is over, that rum stock will be worth a bazillion fufillion dollars. I plan on consuming plenty of it while I weep alone tonight.

  21. pezhore says:

    Anyone have the rolecall handy?

  22. Carso says:

    Woe be unto us all.

  23. Red_Eye says:

    Everyone please prepare for the final stages and send you representative a photo of yourself in the traditional Goatce position with you affidavit of readiness.

  24. Imakeholesinu says:

    US Government.

    Epic Fail.

  25. veronykah says:

    SO disappointed.

  26. TracyHamandEggs says:

    Really? Greenspan is not to blame too? Im pretty sure he ran the Fed for the entire run-up to this.

    Personally I think this was done poorly, but its not gonna cost the taxpayer shit in the long run. My guess is we (the people) actually make a profit on this thing. But what do I know, I just have degrees in history and business and remember what happened the last time congress bought bad assets.

  27. Zeke_D says:

    After the pork passed the thieves and liars actually CHEERED! Bush cam on and said “People did not believe the US government could not rise to the occasion” and those people were obviously right, Mr. president, the government in fact did NOT rise to the occasion, and bowed to the special interest groups. I plan on running against each and every federal represantitive that represents me in the next election. Long live the Socialist States of America!

  28. pezhore says:

    What really, really freaks me out is that this whole mess wasn’t even remotely solved by this bill. It will fall squarely on the next president… and both candidates are shit.

  29. mizj says:

    God, this SUCKS

  30. Blitzgal says:

    I’ve got two coworkers trying to sell their homes. They both told me, “I know this is bad for the country but I hope this helps me sell my house.” I actually had to tell both of them, “I can’t talk to you right now, please go away.”

  31. Angryrider says:

    YARGH!!!!
    This is how I feel:

  32. crazyasianman says:

    what a load of crap. amazing how many of our “representatives” would completely ignore the strong outcries of their constituents just to get their little pet projects in.

  33. mtarget says:

    Maybe I can get a job making those Wooden Arrows ?

  34. katbur2 says:

    Well if you have kids this is the time to try to explained what we’re fucked means!

  35. LeoSolaris says:

    Oh joy! I bet the crap from that song about parrots in pear trees will cost a lot more around this time next year. Hell, it may shoot up dramatically by the end of this year!

    Especially the maids a’milkin… with the price of milk where it is right now, those gals are making money hand of … well… utter.

  36. howie_in_az says:

    Dammit, BMW was offering 0.9% financing on their M3 sedan, and I was just about to bite. Now that Wall Street’s been bailed out they’ll probably jump back to 5% financing or something insane like that.

    Thanks for screwing me yet again, government!

  37. BeeBoo says:

    Vote against any senator or representative who voted for this giant taxpayer screwing.

  38. Onion_Volcano says:

    my congressman voted no both times. He gets my vote next month.

  39. zentex says:

    my government has failed me again :-(

  40. ShawnD says:

    Oligarchy prevails!
    ack!

  41. imrcly says:

    Should I be angry, or just cry, or join the militia and prepare to join those who have warned against this for years.

  42. SpdRacer says:

    NEW MEASURES IN BAIL-OUT BILL
    Increased protection for saving deposits
    Increased child tax credits
    More aid for hurricane victims
    Tax breaks for renewable energy
    Higher starting limits to alternative minimum tax

    What do any of the above have to do with what is currently happening? Not a frakin’ thing as far as I can tell! But, then again I am not a congressman or highly paid consultant, cause they know what’s best for us, right? F’in criminals and their congressional golfing buddies!

  43. sleze69 says:

    Everyone needs to check how their Rep voted today. I would say this is a big enough issue to vote him/her out of office if they didn’t vote the way you wanted them to…

    • MercuryPDX says:

      @sleze69:

      Roll Call Votes > 110th Congress
      House Vote #681 (Oct 3, 2008)
      [www.govtrack.us]

    • papahoth says:

      @sleze69: You have got it wrong. You don’t understand but fortunately we don’t allow you to make laws. Like everyone else out here, the question of what should have occurred instead is left unaddressed.

      • sleze69 says:

        @papahoth: Something needs to be done. Spending $700,000,000,000 (actually $850,000,000,000) to do the wrong thing is worse than doing nothing.

        But no matter, unless some distraction pops up in the next 30 days (war, terrorist attack, earthquake, etc), there are a couple hundred representatives that are going to be out of public office.

  44. cmcd14 says:

    These banks survived the Great Depression, but 8 years of the Bush Administration and 8 years of deregulation brought them down. As shown, a totally free market doesn’t work, it has failed twice in 80 years. A balance between regulation and free market is the only way a market can survive without killing itself.

    • Bladefist says:

      @cmcd14: You’re understanding of how this happen is impeccable. Can you provide me the DailyKos link you read that off of, so that I can fully understand the problem as well as you do.

      • papahoth says:

        @Bladefist: Well most people don’t like him or trust him anymore, so a little piling on is good for the soul. After all, for being perhaps the worse president in history, he does deserve some retribution. Thank god his and Jeb’s daughters are too stupid, unless this country really degrades, to ever go anywhere in politics, so at least the defective genes might end here.

        • Bladefist says:

          @papahoth: Apparently most people do, he got elected a second time. Polling cant be trusted.

          • papahoth says:

            @Bladefist: Bet you can’t find as many people that voted for him admit to it now. Remember, John Kerry ran one of the worse campaigns in history and still ended up with the highest percentage of the popular vote in losing to an incumbent. The signs were already there. Does Bush leave office with any success? It was interesting watching the head of the Delta Force in Afghanistan say how his plans were over ruled twice to capture Bin Laden, something that had never happened before. Snatching defeat from the jaws of victory. Quite a legacy. I only bring that up because the tax cuts are not working.

            • Bladefist says:

              @papahoth: eh, depends where you look. In my circle, still have a bunch of people happy with Bush. Rush Limbaugh still talks about Bush as a good president, and as far as I know, the majority of his listeners agree. I think you confuse media, polls, and liberals who surround you and the internet blog-o-sphere as the real life.

              Now, Bush, like every president, has his list of failures. And I have a list of issues with Bush, (I’m a conservative before a republican). But to say most people don’t like him, is pretty audacious.

              Also, McCain, is doing quite well. While Obama leads in the polls, its typically within the margin of error, or just barely outside of it. If the nation truly hated Bush, the republicans would have NO chance.

              Give me that? The internet, the media, and the polls do a great job making you think there is a global hate for Bush. But there is a whole other world out there man, that disagrees. And truth-be-told, they vote in greater numbers then the other group.

              • papahoth says:

                @Bladefist: How many times was Bush mentioned at the Republican convention? Less than one hour of speeches at the Democrat convention. They show their 9/11 video there and it doesn’t show Bush once. Amazing. How much campaigning is Bush doing out there for McCain?

  45. pezhore says:

    Wow. Not that we should consider the DOW as a clear indicator of the economy or anything… but the House passes the bill, and the Dow drops lower than Monday’s low. I bet there are some *really* confused representatives right about now.