Bailout Deal Breaks Down!
Submitted by Michael Nystrom on Thu, 09/25/2008 - 09:21
UPDATE 2: Bailout deal breaks down! We could see the beginnings of a meltdown tomorrow. US stock market futures are down big.
Chris Dodd: White House meeting was a disaster!
(EDITED: by bigmikedude, until Michael gets in to fully update it himself. This was posted earlier today, when it was accurate. Thanks bigmike! - Michael)
UPDATE: The AP said earlier it was a done deal, but this has since changed.
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Reuters reported earlier:
Click the text above for the full story. But take it with a grain of salt. Rumors are flying. Democrats are rolling over, but there is apparently resistance from the House Republicans still.
Keep contacting your reps! Let them know they will NOT get your vote.
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Why even sweat this? Don't
Why even sweat this? Don't you know there's a supplemental spending bill for the Pentagon with a price tag of $285,000,000,000 passing through Congress as we speak?? That's one third of this bailout, and that's NORMAL spending, NORMAL money for the military-industrial complex! That's crazy money for literally nothing, but hey! Wall-street class-warfare, the rich pigs getting more slops. All this gets more coverage than the fat cats in the Pentagon...
"Cowards & idiots can come along for the ride but they gotta sit in the back seat!"
I think they are bluffing...
and will give Bush, Bernanke, and Paulson exactly what they want, and I believe it is because they want to get on with their Holiday/Recess. Watch, and see. I really hope I am completely wrong, and they wise up, and do the right thing, and just say no to any bailout period.
Battles and Wars are never one from a negative angle!
In Christ,
Dave
Take our NEW Presidential Poll, reflecting all 12 Candidates @
www.lionandlambministry.com
www.lionandlambtv.com
Grace be to you, and peace, from God our Father, and from the Lord Jesus Christ.
In The LORD Jesus Christ;
Dave
"where the Spirit of the LORD is, there is liberty." 2 Cor. 3:17
http://www.lionandlambministry.com
I'm starting to lose count
on emails and calls made to my senators and reps.
toll free # congressional switchboard
1-866-340-9281
I called mine for a third time!
Senator Jim Demint said HE WILL NOT SUPPORT THE BAIL OUT!!
Senator Lindsey Graham WILL Support the bail out—hes up for re election on NOV 4th check out Bob Conley http://www.BobConleyforSenate.com
Congressman John Spratt is not for or against yet! So I keep calling!!!
Congressional Directory
http://www.congress.org/congressorg/directory/congdir.tt
The topic of this needs
The topic of this needs changed because it is not a "done deal".
it says they have reached an AGREEMENT on the bill. It hasn't even been VOTED FOR.
SO HOW THE FUCK IS IT A DONE DEAL?!
This topic pissed me off. It's very misleading.
EDIT: Actually quoted right from the article you posted.
“I now expect that we will indeed have a plan that can pass the House, pass the Senate (and) be signed by the president".
This is not a done deal. So change the topic now or I will hang you on a street corner for being a terrorist.
If it is a done deal...
why aren't the major media outlets reporting on it?
It's NOT a deal. There is no deal!
In Christ,
Dave
Take our NEW Presidential Poll, reflecting all 12 Candidates @
www.lionandlambministry.com
www.lionandlambtv.com
Grace be to you, and peace, from God our Father, and from the Lord Jesus Christ.
In The LORD Jesus Christ;
Dave
"where the Spirit of the LORD is, there is liberty." 2 Cor. 3:17
http://www.lionandlambministry.com
NEWS PROTEST
Anyone near NBC..ABC..CBS..FAUX..GET UP EARLY..HIT THE STREETS...BE THE FIRST THERE STANDING AT THOSE BIG PLATE GLASS WINDOWS THEY HAVE...LET THE PEOPLE SEE THE TRUTH..IF THEY CANT HEAR THE TRUTH....
Freedom is another way to God...A corrupt government is a straight way to hell.
I believe in Hope & Change..I Hope the government will Change
Spindale-Rutherford County-North Carolina
I don't believe this is a done deal...
News reporting White House meeting broke down.
Better or worse, I rely on DrudgeReport for the latest dirt/spin in DC - I'd have to believe his editors are listening/waiting for any change.
Freedom Isn't Free... Freedom costs a buck 'o five - Trey Parker
R3VOLUTION - Secret Crowds
The Fix.....
As in any previous form of government ever devised, what initially started as good in theory, has as always been replaced with a form of ruling elite vs. peasant mentality, "let them eat cake," with greed, avarice, and human nature now morphing what should be for the good for all, into serving only the minute percentage at the top.
All previous methods of protest now prove ineffective, your vote counts nothing in a world of superdelegates, civil disobedience has no real effect, in reality they in charge are fully equiped to deal with such, and hope it is these tried and true means that are attempted. Business then goes on as usual.
In Indiana, property taxes and the process itself have gotten out of hand. I proposed an idea, distributed this idea with print, email, with the "pyramid scheme" method of one telling five, exponential distribution. This idea a novel approach, instead of all feeling a total sense of helplessness at facing the government," We the People" realize the idea that there are thousands of us to each of those in charge, and through exercising of our rights under the law, and applying these rights to procedures, job descriptions, etc. at a rate the system was never designed to handle, we can and will gridlock any governmental agency to an extent to which they cannot over-ride. This idea, again novel in approach, has been overlooked, though simple in idea, it would be an immediate, all-encompassing fix for any governmental stupidty thrown at us, with those now secure in their arrogance, seeing firsthand what we, their bosses, can and will do when pushed past the point of reason. Just as they have warped the ideas of laws conceived to preserve a give and take between goverment and the people, in reaching a solution for the common good of all, and made it into the inevitable we give, they take,and take, it is time we take it all back to where it should be.
My proposal here is to have each person in Indiana, per county, use the tax appeal process to put the tax system itself out of business, this being one of a myriad of processes at local, state, and federal level, that if exercised by EVERY individual at every instance, would create total chaos and an inability to do for the individual what is required by law for them to do. All using the most protected rights of each individual, all written in the law, all perfectly legal. The processes, applications, settings, offices have been designed to apply bully tactics, to humiliate and intimidate the individual, instill the sense of helplessness, what can one person do against the mighty government. Broken down to individuals, very few at top levels, in small numbers of offices, force conditions on the average citizen we should never have needed to live. It is when the individuals bullied, realize as a whole the bully is powerless against the many united, that eventually the wrong is righted, the bully no longer able to again use the tactics for control.
My proposal in Indiana is to have all taxpayers file form 130, forcing them to schedule all at a tax appeal board meeting, not possible if at 20-30 minutes per taxpayer, 20000 filing. The first possibility of sucess, not knowing if my ideas were passed on, or others thought it up, but Marion County released re-assesment tax bill a few weeks ago, a first wave of 10000 appeals flooded in, the system is backlogged according to the Indianapolis Star 6-8 years at the previous rate, this in the first 2 days of a 45 day appeal window, they have no idea how to proceed....I really don't think 10000 came up with that on their own....We will have to see in my home county, and state-wide, how far reaching my paperwork spread, I cannot tell, but at least in Marion County, someone ran with it....
This was my first plan, it actually needing a large percentage of citizens to agree and act, there too being the possibility of individually "facing the enemy" should they try to process as usual, many truly fearful of then being placed on the proverbial "list" for payback in the future, many buying into the fears manufactured by the government.
Once freed of the previous limitations of protest, my idea in reality not being a protest but individuals taking advantage of their rights as Americans, with the realization by all that those against whom we wish to address issues no longer having a say in the proceedings, that their own rules of ways to question their authority no longer have any merit, that we the people can and will at every instance of tyranny, ineptitude, greed, arrogance, can and will from this point on, take their working environment out at a moment's notice, and will only grant a repreive when apologies have been given, processes begun to right the wrongs, and promised made to get back to the ideals the founding fathers dreamed possible, when bullied by the same governmental interference those in power have returned this very nation back to. We all do understand the need of taxation and services, it it the pork and bloat that has to go, the illegal and illogical....
The distillation of our rights under the law, their job descriptions, methods, office procedures, all distilled down to the " least common denominator," allows even simpler examples, involving smaller percentages, with greater immediate impact.
One example, our right to receive information from any public servant, at any level, any time, as many times as needed, whether the question be good or bad, relevent or irrelevent, to the citizen it is important, those in government when hired are more than versed in the idea that " no question is a stupid question," , it is in their job descriptions. From the office procedure arena, we distill down to that item that no governmental agency in the modern era can function without, the phone system, and then combine the two, at a rate again it is not possible to deal with. Small cards, as per wallet-sized sports schedules, with all pertinent county, state, federal numbers on each. All required to answer anything "We the People" wish to ask, we each having a combination of a cell phone, 3 minutes per day, once a day to run the list, and in the very small chance of getting through, ask away. Any legitimate business now needing to be done by mail, or at the office windows in person, total meltdown of any agency or office making that weeks or months list.( A website needed to address each week/month's "hit list'") A one week initial period to show what can be permanent, a statement sent of a 3 month reprieve to start the repairs and changes necessary to eliminate ALL the waste in EVERY office and division, and the promise that if none noted or initiated, a one month then 6 month meltdown, etc., until permanent silence is given. This once again, all perfectly legal, within the scope of what they are required to do, BY LAW, it having no fix on their side, other than doing as is required, we doing as stated, and living up to our guidelines and timelines. Or any other action deemed effective, I am trying to plant the seed, others can most probably fine tune as needed....
Again, this one of an infinite number of legal actions we can and will apply, with no need for input or rebuttal by them in any way, shape or form. Any manipulation of our rights, forces immediate lawsuit, bankruptcy by attorney actions, their is no answer to the public exercising their rights, we are doing nothing illegal.
Run this by anyone you speak with, have them judge themselves that with ALL seeing the ease of this approach, the immediacy of those we vote in seeing our response to the idiocy we live with daily, that this is truly an immediate solution to begin correction by those stepping outside the Constitution, in piling the Trillions on even future generations, that it will work,then view the immediate smile by all that "we don't have to take it any more." Someone with your connections and stature is needed, with the means to disemminate these ideas, or other ideas using the same basis, I am a small fish in a small pond, but try my best....Any feedback , positive or negative, would be appreciated, I have attempted to write some, but have no idea where to start, or if I am too idealistic in thinking this easy of process and idea might be the solution we all have missed..... I appreciate any time given reading this...Thanks much
this thread needs to be revised
it's not a done deal
Michael, please revise title
BillyBoy is correct -- let's celebrate that this is NOT a done deal!!!!!!
Emailed my reps.
Emailed my reps.
Sent my letters in Michigan
Sent my letters in Michigan
LETTER TO CONGRESSIONAL NON-LEADERS / NO MORE BAILOUTS!
FOR LIBERTY SAKE / NO BAILOUTS
9-25-08
12:45pm ET
Gentleman and Elected Servants to the American People,
May we all take note and heed a voice from the past of a man that seemingly has long been forgotten, but yet his words still live on and ring more truely today than ever before. This gentleman was one of our founding fathers Thomas Jefferson.
He once wrote and declared:
“I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a moneyed aristocracy that has set the Government at defiance. The issuing power should be taken from the banks and restored to the people to whom it properly belongs.” “We must not let our rulers load us with perpetual debt. We must make our election between economy and liberty or profusion and servitude. If we run into such debt, as that we must be taxed in our meat and in our drink, in our necessaries and our comforts, in our labors and our amusements, for our calling and our creeds...[we will] have no time to think, no means of calling our miss-managers to account but be glad to obtain subsistence by hiring ourselves to rivet their chains on the necks of our fellow-sufferers... And this is the tendency of all human governments. A departure from principle in one instance becomes a precedent for[ another]... till the bulk of society is reduced to be mere automatons of misery... And the fore-horse of this frightful team is public debt. Taxation follows that, and in its train wretchedness and oppression.”
How right Thomas was, it is as if he knew you and our so called experts Paulson and Bernanke personally.
Gentleman, we must recognize that the fading documents that we are to hold so dearly actually have value we seek, it is imbedded in the foundation of this once great country in which we take for granted. In 1775 one of my family's beloved patriot ancestors Timothy Matlack (Penman of the Declaration of Independence, Delegate of the Continental Conference, Colonel and Battalion Commander under George Washington) first wore his sword in the streets of Philadelphia, some orthodox members of the “Society of Friends” (a prominent Quaker organization of the time) ridiculed him, and inquired what its use was. “It is to defend my property and my liberty,” he replied.. Though you may say the above two men lived 200 years ago and are irrelevant, we today must still defend our Freedom and Liberty from a socialistic tyranny that is being enacted from within the very fibers of freedom that were woven to protect the people not so long ago!
I urge you to remember your authority is a temporary and limiting gift to you to act only on the will of the people not the will of financiers. The founding fathers drafted the Declaration and Constitution in order to LIMIT, not expand, the powers of government. If you have honor and conscious for your fellow Americans of whom you are to serve, than you must VOTE NO ON ANY BAILOUT or further Stimulus or debt related ideas, whether present or future. If you understand simple math and business, than you should understand that these are not assets as Paulson/Bernanke would like you to believe, they are LIABILITIES. Assets put something positive in your pocket and Liabilities take away. It does not say in our Constitution that we the people are to be indebted with liabilities created by greed driven financiers! Don’t take my word for it, dust it off and read it for yourself.
I ask? Banks have failed due to lack of the borrower’s ability to pay their mortgage. So then if congress approves this bailout of non-liquid bad liabilities (these are not assets as they like to spout off… assets bring positive cash flow to the bottom line), where will this new credit created option be able to find non cash strapped borrowers to jump start this insolvent Paulson Plan? With the already tightened lending regulation and the fact we in this country are at a negative rate of savings and inflationary pressures, it is safe to say these bailout benefited banks will still be insolvent due to the lack of credit worthy borrowers that just don’t have the needed cash reserves for an equitable down payment, let alone for food or gas. Paulson/Bernanke should know this, but as government always does, they must act (to save political face) as if they have a rabbit to pull out of the hat. Except this time my bet would be on David Blaine doing a better job of magic money creation. Wall street was unable to control fundamentals that they created nor will a socialistic government with high hopes and crossed fingers. The obvious root cause of this crisis issue is the Federal Reserve and the fiat (monopoly money) monetary system. If you do not understand this fact, than I strongly suggest you read a book called “The Dollar Crisis”, this gentleman predicted these current events back in 2003. Perhaps you should also research the fact that 100% of all fiat monetary systems throughout history have FAILED!
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Simply this:
The truth is, if you go against the majority voice and the true WILL of the people to VOTE NO FOR ANY BAILOUT, than I can assure you the Depression that you fearfully and hastily wish to avoid shall surely come immeasurably far worse than you can comprehend! In addition to such an act of disregard of your duty to the people, I can also assure you that the American people will do everything in our power to remove this gifted representation that has been temporarily bestowed to you and hold you accountable!
If you are only afraid of the unforeseen of economic turbulence than I urge you to also recognize and be more afraid of the awakened sleepy giant about to unleash a needed and healthy New Revolution for the Freedom and Liberty you choose not to support!!!
WE THE PEOPLE ARE WILLING TO ACCEPT THE RISK OF TOMMORROW WITHOUT YOU DESTROYING OUR VERY FREEDOM TO EVEN FAIL! The markets are in peril because of the fiat/fake money system, not because of any regulation oversight.
In Liberty,
Patriot/American
American public is against this deal
On CNBC one representative being interviewed said the input from voters is about 300 to 1 against this bail out.
Yet politicians seem to be trying to cram in down our throats anyway, although the outcome is still at issue.
Clearly Obama and McCain are in the camp to give away $700 billion to Wall Street and other financial firms, which is one good revelation to the American public.
I emailed my Representative and two Senators and let them know I would never vote for anyone who supported this bill.
"The deepest sin against the human mind is to believe things without evidence." Thomas H. Huxley
The President is trying to
The President is trying to turn over dictatorial powers to his crony Paulson, all while the Dems are dancing the jig because the GOP is splitting apart over the ramifications of this intervention... Sometimes, it doesn't pay to get up in the morning! Best to stay in bed and pretend stupidity like this is but a dream.
"Cowards & idiots can come along for the ride but they gotta sit in the back seat!"
Henry
Ha Henry! haven't seen you here in a while?
CBO Director says that bailout could do even greater harm.
This came from another thread and I extend my thanks to the person who posted it. (mms: thanks to you)
http://www.washingtonpost.com/wp-dyn/content/article/2008/09...
I hope our representatives can be made aware of the danger brought forth by the CBO Director.
_________________________________________
"An economy built on fiat money is a society on its way to ashes."
_________________________________________
"An economy built on fiat money is a society on its way to ashes."
ACT NOW....BE A PATRIOT!
Those of you who really want your passionate voice heard there is a service that will hand deliver your letter to your congressman directly! $8.95 for one and $15.95 for 3 letters….
https://ssl.congress.org/ongrecssorg/extraimpact/extraimpact.tt
The deal has stalled.
The deal has stalled. Continue with the pressure. We can't give up. There is no deal. Many Senators and Congressman are against and have commented on how many people have calles and e-mailed them showing great dissapproval. Keep it up.
Everyone against it?
In the "No bailout agreement" article, see this quote:
"This aide said the calls coming into GOP offices are 90 to 1 against the plan."
So... why are they so desperate to do this with everyone calling them telling them not to?
RECALL Elections
If the Fed gets it's bailout this weekend, it's time for a mass RECALL election campaign (lieberman.senate.gov/d...) come Monday. Petitions need to be drawn up in all 50 states for a special recall election for each Senator and/or Congressman/woman that has voted for the ~$700 Billion Fed Bailout and/or Frannie Bailout and/or $25 Billion GM/Ford/Chrysler Bailout and/or supporting an possible upcoming $150 Billion FDIC Bailout. To expropriate our savings though massive currency devalation (leading to hyper-inflation), circumvent capitalism, and accepting bribes from the very organizations who they are now saying need to be bailed out (opensecrets.org) is nothing short of deriliction of duty -and possibly criminal. RECALL elections work. They allow harmed individuals to easily have their say at the ballot box. They target and eliminate complacent politicians and put their political ambitions on ice through a quick and disgraceful end. They target an action which will not be tolerated and sends a clear, loud, decisive message to those weighing in their mind whether or not they will follow the same path. RECALL elections allow for localized actions to be taken en route to tackling larger issues -and they get a much needed discussion going at the local newspaper/church/town-... level. Anyone, feel free to add to the post with your states RECALL regulations, details, and/or RECALL petitions already started on this topic.
Great idea! Maybe we need a
Great idea!
Maybe we need a website to get started and mobilize people in an effort in each district.
The Draft Agreement
Paulson is handcuffed, it won't fly. His only intent was to bail out Goldman Sachs with new buddy Warren Buffet. He wanted it "fast and clean" a sharp knife to cut our throats.
He'll choke on this:
Draft Agreement (PDF)
Socialists are Everywhere
Every 'Ron Paul Republican'
Every 'Ron Paul Republican' we have in Washington---WE NEED YOU TO ORGANIZE AND HIT THE STEPS OF THE CAPITOL BUILDING IN PROTEST!
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"The main thing that I learned about conspiracy theory is that conspiracy theorists actually believe in a conspiracy because that is more comforting. The truth of the world is that it is chaotic..." —Alan Moore
NO AGREEMENT YET,
NO AGREEMENT YET, BABY!
http://www.cnn.com/2008/POLITICS/09/25/campaign.wrap/index.html
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"The main thing that I learned about conspiracy theory is that conspiracy theorists actually believe in a conspiracy because that is more comforting. The truth of the world is that it is chaotic..." —Alan Moore
ORGANIZE A PROTEST!
http://truemajority.wiredforchange.com/event/distributedEven...
"Historically, revolutions are started by a select few, and are ignored by the mainstream for a long time — until they can no longer be ignored. That point has passed, and they can ignore us no longer". - Ron Paul
I found it easier to get through on the congressional
phone lines today, keep calling, they haven't voted. I told my 2 senators and rep. that 1) Paulsen should be fired and prosecuted for fraud; 2) his plan should be totally scrapped, not revised, and 30if she (theyre all women) votes for any compromise version of Paulsen's scheme I'll do all I can to see she's never elected again.