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Breaking News Home | All | Religion | Society | Tech | Choice | SA News
FRONT PAGE  |  10/9/2015
FRIDAY, OCT 3, 2008  |  8 comments
House Approves Bailout on Second Try
WASHINGTON — The House of Representatives gave final approval on Friday to the $700 billion bailout for the financial system, reversing course to authorize what may be the most expensive government intervention in history.

The crucial vote was 263-171, passing by a comfortable bipartisan margin. Most Democrats voted in favor (172 yeas to 63 nays), while a slighter majority of Republicans voted against (91 yeas to 108 nays). Every member of the House voted. (There is one vacancy, created by recent death of Stephanie Tubbs Jones of Ohio.) ...

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· Page 1 ·  Found: 8 user comment(s)
News Item10/6/08 11:01 AM
KK | USA  Find all comments by KK
The ACORN Obama knows
by Michelle Malkin
Creators Syndicate
Copyright 2008

If you don’t know what ACORN (the Association of Community Organizations for Reform Now) is all about, you better bone up. This left-wing group takes in 40 percent of its revenues from American taxpayers — you and me — and has leveraged nearly four decades of government subsidies to fund affiliates that promote the welfare state and undermine capitalism and self-reliance, some of which have been implicated in perpetuating ILLEGAL IMMIGRATION and encouraging VOTER FRAUR. A new whistleblower report from the Consumer Rights League documents how Chicago-based ACORN has commingled public tax dollars with political projects.

Who in Washington will fight to ensure that your money isn’t being spent on these radical activities?

Don’t bother asking Barack Obama. He cut his ideological teeth working with ACORN as a “community organizer” and legal representative.

Read the whole article

Chicago-based ??? - Hmmm


News Item10/6/08 6:00 AM
Susan Miller | West Palm Beach, FL  Find all comments by Susan Miller
Money issues are a frequent subject of the Holy Bible . . .

The Bible tells us to take no thought for tomorrow.... but we are also told to to honor and seek the Lord in all of our ways . . .

Consider this -

If a million seconds is equal to 12 days, then a billion seconds is 32 years. 700 billion seconds is equal to 22,400 years, and a trillion seconds is 32,000 years!

Force the Fed to open a main street lending facility for producers not parasites. $1 Trillion in cheap federal credit for domestic production and human needs . . . .

THhere would be martial law in America if we voted no.' --Rep. Brad Sherman (D-Calif., 27th District) says Congress threatened with Martial Law if bill is not passed.


News Item10/6/08 4:18 AM
Susan Miller | West Palm Beach, FL  Find all comments by Susan Miller
The Federal Reserve Act, passed by Congress in 1913, laid the foundation for the creation of a privately owned and controlled central bank and gave private bankers the power to control the nation’s money supply.

Nearly 100 years later, the role the central bank has played in the financial scandal has been widely reported in the mainstream. Former Federal Reserve chairman Alan Greenspan, once heralded as "the maestro," has been feeling the heat for supporting the deregulation of financial institutions and flooding markets with cheap dollars.

U.S. News & World Report had a recent commentary titled "From Enron to the Financial Crisis, With Alan Greenspan in Between" excoriating Greenspan, who as the nation’s top banker, repeatedly downplayed the risks associated with derivatives even after the collapse of Enron in 2002.

On September 27, The New York Times also hit Greenspan for his failure to watch over and regulate greedy banks. To its credit, the Times also blasted Congress for dismantling important safeguards, including the Glass-Steagall Act . . . .


News Item10/5/08 3:13 PM
Jim Lincoln | Nebraska  Find all comments by Jim Lincoln
First of all, it was stated that the taxpayers should get their money back with a profit--according to President Bush. Also they just didn't want to repeat a mistake of 1929.
"The Federal Reserve is the most powerful institution of a new order that believed in the efficacy of government and its ability to do good. The same Federal Reserve caused the Great Depression when its wise men made a series of cumulative mistakes that contracted the money supply by one-third and wiped out purchasing power in an unprecedented fashion."
from, The Fed's "Depression" and the Birth of the New Deal, an article I haven't read completely, but really probably hostile to big government.

Anyway, no credit, no capitalism.


News Item10/5/08 8:14 AM
Susan Miller | West Palm Beach, FL  Find all comments by Susan Miller
A wise course of action would be the wholesale rejection on this Election Day of all incumbents who voted for the bailout bill in both House and Senate. Do that once, and watch how much better Congress responds to citizen pressure the next time around. - "The Rebellion That Failed," by Dave Lindorff


News Item10/4/08 9:17 AM
ENGINEER | USA  Find all comments by ENGINEER
Should Congress Be 'Perp-Walked'?
"A federal grand jury in New York is probing the accounting shenanigans at Fannie Mae and Freddie Mac. It's about time, and we hope it doesn't end there.

Remember the early 2000s, when companies such as WorldCom, Enron, Tyco and Xerox suddenly and spectacularly were revealed to have been cooking their books?

Remember the glee expressed by Washington politicians, especially Democrats, as they watched CEOs and their underlings get perp-walked out of their buildings and into federal custody?

Enron became the poster child for corporate misdeeds. In the accounting crisis of 2002, CEO Ken Lay was one of the most loathed human beings on Earth. And no, that's not an exaggeration.

Here was California Attorney General William Lockyer, one of many Democrats on the national scene who gloated at the downfall of the Enron chief and others: "I would love to personally escort Lay to an 8-by-10 cell that he could share with a tattooed dude who says, 'Hi, my name is Spike, honey.'"

Lockyer wasn't the only one swept up in a spiteful prosecutorial frenzy. Sure, some of the prosecutions were deserved. But some were excessive,..."


News Item10/3/08 3:34 PM
Scott McMahan | Internet  Protected NameContact via emailFind all comments by Scott McMahan
Black Friday. Might as well start burning your money this winter for heat, since with the inflation this introduces it'll probably be worthless in a few years.

Reminds me of the story about inflation in Germany between the wars -- a guy got paid in cash, put his money into a wheelbarrow, and went into a store to buy something. He knew the money was worthless and left it on the sidewalk. When he came out of the store, someone had dumped the money out and stolen the wheelbarrow.

If you laughed, you don't understand what fiat currency is all about...


News Item10/3/08 3:21 PM
eeeekonomics  Find all comments by eeeekonomics
"The House of Representatives gave final approval on Friday to the $700 billion bailout for the financial system, reversing course to authorize what may be the most expensive government intervention in history."

Aawww ain't that nice

Hey fellas don't ya just love socialism.

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