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Bail out bill House Debate live now

Just started watching live, so far...

People changing from no to yes:
1. Wamp looks like switching...
2. Lewis (GA) looks like switching...
3. Barret (SC) looks like switching...
4. Biggert looks like switching...
5. Scott (GA) looks like switching...
6. Edwards (MD) looks like switching...
7. Lee looks like switching...

This bill may pass, people are switching...
(I wonder if there was intimidation and bribery in the background)

Congress has no backbone whatsoever. They've bought the panic message 100%.

They say if this isn't done it will be terrible and there is no choice.

What if the bill won't make any difference. It's just paying rich people for their mistake.

The situation today just shows the deficiency of the debt financing system.

The deficiency being that the lender is the master, and the borrower is at their mercy.

This bill just rewards bad practices, it reinforces the stranglehold of the banks on the people. Its pathetic.

Now they are not voting rationally but emotionally.
DO THEY NOT REALISE THEY ARE HANDING OVER THE POWER OF THE PURSE OVER TO THE EXECUTIVE BRANCH!!
They are handing over their constitutional power in this scenario.

Vote all the yes/no and yes/yes congressmen and women out.

EDIT: Hensarling paraphrased (to the best of my memory)->
"No one knows if this bill will work, we hope it does. Treasury secretary could blow through all this money in a week."
Hensarling will vote no again

US Citizens are on their own, good luck.

Gary Miller referred to citizens as small people, King of all freudian slips.
Says its not to bail out fat cats, but actually thats exactly what it is.

I've noticed that far more supportive people are speaking compared to opposing people. I wonder if that's intentional.

Shays admits majority of his constituents are against it, but will vote yes regardless.
Shays says its a short term solution. So Shays if 700 billion just for a short term solution, how much money for long term?

Obey says package will not prevent recession, but will buy us more time.
So Obey, how much money will be required after bought time expires?

Barton who is voting no said the price tag is 2 trillion dollars overall.

Clyburn said 750,000 jobs lost this year.

US is at the mercy of the banks. F&&&&&& CLASSIC. US was warned by the founders. US was warned.

My prediction, if bill passes, market rally for a while, but dollar will tank hard, which is far worse.
 
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What I hear them all saying is, "We know that a NO vote would be the right thing to do, but we have to do something, so we're voting yes."

Pathetic.

They blackmailed people into supporting this by talking the stock market into a panic. And I wouldn't be surprised if the PPT/ESF did its part too, along with some of the institutional investors who stand to gain from the bill.

But they're doing it to help the little guy! :rolleyes:

So what are they going to do if the markets crash and burn next week anyway? Borrow a trillion more?
 
MRoCkEd said:
missed it
whatd he say
Click to expand...

Basic Points:

Bill doesn't address the real problems.
Crisis points to an insolvency of US government which is a much more serious problem.
Deregulation of the private sector isnt the issue.
However, there should be more regulation and oversight of Fed.
Action should have been taken 10-15 years ago.

This is what I remember...
 
Good speech by Ron.

Why do I have a feeling that the people in that room are thinking "You're right, but we can't listen to you?"
 
This literally makes me sick.

Every person who takes the floor says "This bill is not perfect, but I will be voting for it because it's about the small business man, it's about the single parents keeping their jobs, sob sob sob"

I wish I could take the stage. "It's about the people who didn't do anything wrong, who didn't take out bad mortgages, getting stuck with the debt of others! It's about people who didn't speculate paying for rapid inflation and going under while we bail out those who made the mistakes!"
 
malkusm said:
This literally makes me sick.

Every person who takes the floor says "This bill is not perfect, but I will be voting for it because it's about the small business man, it's about the single parents keeping their jobs, sob sob sob"

I wish I could take the stage. "It's about the people who didn't do anything wrong, who didn't take out bad mortgages, getting stuck with the debt of others! It's about people who didn't speculate paying for rapid inflation and going under while we bail out those who made the mistakes!"
Click to expand...

Whats even more infuriating is that its not about bad mortgages, we are going to pay for the bad credit derivative bets that the bankers created for the sole purpose of making money. Derivatives that are backed by nothing, not even the real estate they are based on. Now that their bet has gone bad, we pay their loss. I cannot stomach this! Ive written my rep 4 times in the last week. He's not listening.
 
So 7 are switching from No to Yes.

They need 12 don't they? Or have they reached that number?

Any miracle that some of the previous "yes" have switched to no?
 
Paladin69 said:
So 7 are switching from No to Yes.

They need 12 don't they? Or have they reached that number?

Any miracle that some of the previous "yes" have switched to no?
Click to expand...

That's 7 from the point I started listening, there could have been others beforehand.

They need to go from 205 to 218. Need gain of 13 congressmen/women.

434 reps, 50% = 217, need 218 to pass

I think it will pass, sadly.

The bankers dictate policy.

Like that Rothschild dude said all those years ago: "permit to issue a nations money and I care not who writes its laws" (something like that).

The only hope I have is that there are congressmen/women who going from yes to no, due to constituent pressure.
 
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I've been listening, and the only reason I hear over and over and over again why to support this is "think about the average worker who can't get a loan for a car... think about the student who needs a loan for college.. how will anyone buy or sell a home ever again if we don't do this???"

http://consumerist.com/consumer/clips/snl-skit-dont-buy-stuff-you-cant-afford-252491.php

DON'T BUY STUFF YOU CANNOT AFFORD!!!! ^^ SNL skit above - great watch!! ^^
 
Pelosi is so full of shit.

and why does she get to talk for so long?

Why does Barney get to control who he yields too for so long also?
 
This first one is ONLY for the added amendments...the actual bill vote comes after this...I guess we can tell if it will win from this though.
 
icon124 said:
This first one is ONLY for the added amendments...the actual bill vote comes after this...I guess we can tell if it will win from this though.
Click to expand...

I don't get it.

They are voting if they agree to have the amendments and then vote again if they agree to pass the bill as amended?

If so, I assume that a no vote on amendment would automatically prevent the bill from being voted on?
 
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