WASHINGTON - President Bush on Wednesday warned Americans and lawmakers reluctant to pass a $700 billion financial rescue plan that failing to act fast risks wiping out retirement savings, rising foreclosures, lost jobs, closed businesses and even "a long and painful recession."
His dire warning came not long after the president issued extraordinary invitations to presidential candidates Barack Obama and John McCain, one of whom will inherit the mess in four months, as well as key congressional leaders to a White House meeting on Thursday to work on a compromise.
"Without immediate action by Congress, American could slip into a financial panic and a distressing scenario would unfold," Bush said in a 12-minute prime-time address from the White House East Room that he hoped would help rescue his tough-sell bailout package....
Chuck Baldwin was right to quote the heart of a TRUE PATRIOT !!!
The problem "We The People" have today is this --
THIS HAS BECOME A COUNTRY FILLED WITH GREEDY GRASPERS !!!
BIG BUSINESS HAS PREYED ON THOUSANDS UPON THOUSANDS WITH THE ASSISTANCE OF "OUR" FAILED SERVANTS IN D.C. !!! WHAT "WE" HAVE HERE ARE HAPPY BEDFELLOWS AND THEY ARE, IN TOTALITY, "A DEN OF VIPERS AND THIEVES".
AMERICA IS BEING MANAGED BY A BUNCH OF ""QUISLINGS"" AND THEY WILL STOP AT NOTHING TO FAVOR THE "BIG BOYS" WHO "HAVE USED THE FUNDS OF THE BANK TO SPECULATE" AND NOW DO FIND THEMSELVE TO BE FOUND OUT, HAVING OVERSTEPPED THE BOUNDS OF THAT WHICH IS DECENT, ACCEPTABLE, FAIR AND PRUDENT --- THAT IS THEIR SIN, AND THEIR SIN IS NOT "OURS" TO BEAR !!!
LET "US" NOW DO AS PRESIDENT ANDREW JACKSON SO ELOQUENTLY PERSCRIBED --- LET "OUR" INTENT BE TO ROUT THEM OUT, AND BY THE ETERNAL GOD, LET "US" ROUT THEM OUT !!!
A-men, A-men and A-men !!!
MAKE NO MISTAKE THIS BAIL OUT IS NOT FOR THE MANY,BUT RATHER FOR A SELECT FEW WHO KNOW NOT RESTAINT !!!
Reports say calls to D.C. are 50+ to 1 "AGAINST" THE BAIL OUT !!!
Keep calling your representatives and tell them ... NO BAIL OUT WHATSOEVER !!!
Chuck Baldwin, 2008 Presidential Nominee of the Constitution Party stated....
If George W. Bush, John McCain, or Barack Obama had any honesty and integrity, they would approach the current banking malady in much the same way that President Andrew Jackson did. In discussing the Bank Renewal bill with a delegation of bankers in 1832, Jackson said, "Gentlemen, I have had men watching you for a long time, and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I intend to rout you out, and by the eternal God, I will rout you out."
Michael Hranek wrote: 'Our entire nation is in danger of The Burning Wrath of Almighty God' is what our leaders ought to be saying. How repeatedly has the U.S. enacted into law the hatred, the inexcuseable hatred of sinners against our Creator? The ban of the acknowledgement of Jesus Christ in prayer in public schools (Muslims can pray to Allah). The mandatory teaching of Darwinism. The removal of the 10 Commandments from our court houses, you know the ones God Himself wrote with His finger in stone twice on Mount Sinai. The murder of babies before they are born. The legalizing of Sodomy. Ramadan celebrated in the White House. And let's not forget homosexuals placed into key possitions of the last Presidents' administrations. Diplomatic ties with the Vatican, the false idolatrous Antichrist religion and her Popes (Thanks President RR). And antisemitism. And cowardly preachers who don't warn their people that God is not mocked that whatever a man, or can we say a nation sows, they will reap.
Brother Michael, You got it all right. We should take a lesson from the Preachers of times past who rode the circuits preaching the Glorious Gospel of our Lord and Savior.
Micheal, AMEN! Instead of fighting over bible translations and such, we should be proclaiming the gospel, and warning people what is about to happen, the swift and deserving judgment on a nation so wicked and vile, filled with sodomites, whoremongers, greedy, selfish, murderous, slanderous beings...and that is just within the church!
'Our entire nation is in danger of The Burning Wrath of Almighty God' is what our leaders ought to be saying.
How repeatedly has the U.S. enacted into law the hatred, the inexcuseable hatred of sinners against our Creator?
The ban of the acknowledgement of Jesus Christ in prayer in public schools (Muslims can pray to Allah). The mandatory teaching of Darwinism. The removal of the 10 Commandments from our court houses, you know the ones God Himself wrote with His finger in stone twice on Mount Sinai. The murder of babies before they are born. The legalizing of Sodomy. Ramadan celebrated in the White House. And let's not forget homosexuals placed into key possitions of the last Presidents' administrations.
Diplomatic ties with the Vatican, the false idolatrous Antichrist religion and her Popes (Thanks President RR). And antisemitism.
And cowardly preachers who don't warn their people that God is not mocked that whatever a man, or can we say a nation sows, they will reap.
Any old way you put it -- bottom line -- "Big Business" is out of control and so is "Our" Government --- these two have been bedfellows for a LOOOOONG TIME and now to add insult to injury they dare ask "We The People" to go along with a $700,000,000,000.00 dollar bail out ..........
THIS IS BEYOND STUPIDITY, IT'S INSANITY !!!
Where was the Government bail out plan for Americans who were (and are) losing there homes due to the outrageously manipulative, predatory lending practices of "Big Business" ???
Anyone who can't see the writing on the wall here is just willfully blind --- Americans are being taken for another hellish ride at their own expense...
.................. E N O U G H ... I S ... E N O U G H !!!
It's time "We The People" woke up !!! -- This bail out plan is not for "We The People" -- it's for a bunch of overfed, excess loving, stock market manipulating upper crust guttersnipes who have overstepped their own greed and now it has caught up to them !!!
I say let them wallow in the wash of their own folly !!! - More than likely most of them in D.C. have a vested interest in this mess, thus they want a bail out now !!!
"promote the general welfare" means something entirely different to the current Executive, Legislative, and Judicial branches.
They just modernize the meaning of the word, welfare.
James 5:1 Go to now, ye rich men, weep and howl for your miseries that shall come upon you. 5:2 Your riches are corrupted, and your garments are motheaten. 5:3 Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days. 5:4 Behold, the hire of the labourers who have reaped down your fields, which is of you kept back by fraud, crieth: and the cries of them which have reaped are entered into the ears of the Lord of sabaoth. 5:5 Ye have lived in pleasure on the earth, and been wanton; ye have nourished your hearts, as in a day of slaughter.
Let us see hard evidence before accusing anyone of cronyism & conspiracy. Bush *is* guilty, like many of his predecessors & Congressional colleagues, of violating his oath to uphold the Constitution. Unless "promote the general welfare" means doing anything expedient.
"Senator Jon Tester (D-MT) asked Paulson, âWhy do we have only one week to allocate $750 billion?â There was no answer."
Does anyone else smell a scam here? Who's to say that this is not just a last ditch effort by Bush and his cohorts to further line the pockets of a few friends? This whole "crisis" just looks way too orchestrated to me, like a well planned con. Now Bush comes on to try and pressure, intimidate, and threaten us into accepting a 700 Billion handout, no questions asked. I hope there are enough honest people left in congress to stop this and enough left in the FBI to lock up those responsible (I won't be holding my breath).
Yet perhaps Americans deserve to pay. After all, they elected Progressive politicians like Bush (& many others in both parties) who have long preached that home ownership is a right (or at least deserves all possible gov't encouragement), & perverted the mortgage industry via fascistic [URL=http://en.wikipedia.org/wiki/Government_sponsored_enterprise]]]Government-Sponsored Enterprises[/URL] like Fannie Mae.
"The desired effect of the GSEs is to enhance the availability and reduce the cost of credit to the targeted borrowing sectors."
"GSE securities carry no explicit government guarantee"
Pennsylvania Avenue needs reform, not Wall Street.
It is hard to get a good understanding of the cost of this Wall Street bailout plan. But I ran some numbers that I thought were interesting.
$700 billion cost of proposed plan 305 million estimated number of Americans $2,295 estimated cost per American 151 million estimated workforce (excludes retirees, kids, etc.) $4,635 per working American $13.8 trillion estimated US gross domestic product 5.1% cost of bailout plan in one year's domestic product 13 days each American has to work to pay off bailout plan (5% of a year)
The only way to save America from utter ruin is to act IMMEDIATELY without ANY THOUGHT to give a Wall St. insider Paulson unlimited funds and authority to do anything he wants without accountability. Yeah, right. I'm really encouraged by the push-back this plan is getting. People want details and accountability before any money is handed over. Just hope they stick to their guns. I think the line about immediate, unquestioned disaster for every American unless Wall St gets a blank check is just extortion.