posted September 29, 2008 04:03 PM            

Perhaps Queen Nancy doesn't know she and Harry..Dirty Harry Reid have presided over the Congress with the lowest job approval ratings in recorded history.

House demoscats could have passed this bill all by themselves. They didn't need any Republican help...except that House dems are cowards and wouldn't follow Queen Nancy off the cliff. They've been getting calls and emails from back home running roughly 90 to 1 against the bailout bill.

As I understand it, the vote was 228 Nay to 205 Yea. I don't know where the bill number or description came from in the article.

September 29, 2008
Bailout bill fails
Thomas Lifson

The House of Representative has rejected the bailout bill pushed by Secretary of the Treasury (and former Goldman Sachs chief) Henry Paulson, the House Democratic leadership, and President Bush. The Dow "plunged" 400 points -- not a catastrophic drop by any means. The total drop for the day may end up in the 600 point-plus range, certainly a very bad day on the market, roughly a 5% drop.

posted September 29, 2008 08:34 PM            

[*Houses cost money. Building them costs money. Maintaining them costs money. And you don't actually own a house until you have paid it all off.]

Hmm. Why didn't the Dems push this bailout through when they could have? Why has Obama gone from fully supporting it to supporting it on x,y,z conditions?

So many things to wonder about, too much passing the buck, too much looking the other way and no way are we going to get any straight answers from the donkeys' mouths or the MSM.

I don't agree with a huge bailout and certainly not without criminal proceedings. There's too much speculation and just how precisely will this magical money be acquired and distributed? Thankfully, there are enough people seeing through the smokescreen ... even though the MSM was quick to point fingers at the GOP alone regardless of who created this mess, who was benefitting from this mess and who is pushing for a bailout.

Do we get it yet? Bleeding heart economics only works if you're not dealing with real money, real resources and the demands of this world. I love the idea that everyone should be able to have this or that. But, as we've learned (hopefully) from every single gov. funded reform, act, law and grand speechmaking ... words aren't enough. Somebody, somewhere, is going to be paying for all that stuff. And usually, it's the taxpayers. You earn $100 but will only actually get $85 or $70 or $50 or less. And there are people who still want to raise taxes, nevermind all the other taxes we also pay, with the vague idea that if we give the government more money, they'll fix it all. Who needs more proof that they won't? I've seen it oft repeated here at LL that doing the same thing over and over again and expecting a different result is insanity. I hope people can recognize that.