Comments on: 95 Democrats Vote Against Bailout! Dow, International Markets Plunge! http://www.red-alerts.com/the-front/95-democrats-vote-against-bailout-dow-international-markets-plunge/ Thu, 09 Sep 2010 01:50:55 -0700 http://wordpress.org/?v=2.8.6 hourly 1 By: susan beckman http://www.red-alerts.com/the-front/95-democrats-vote-against-bailout-dow-international-markets-plunge/comment-page-1/#comment-26403 susan beckman Tue, 30 Sep 2008 18:17:11 +0000 http://www.red-alerts.com/the-front/95-democrats-vote-against-bailout-dow-international-markets-plunge/#comment-26403 Democrats and Republicans who voted against the Paulson bill should propose an entirely new bailout plan that doesn't put the government in so much debt.Don't just fiddle with a plan structured by Paulson. Another top down solution that many experts say won't be enough. It will paralyze the government for years to come and leave our children to pay the biil One such example of a "bailout" plan that could work is proposed by William Issaacs, former FDIC chairman, in the September 27th Washington Post : "If we were to (1) implement a program to ease the fears of depositors and other general creditors of banks; (2) keep tight restrictions on short sellers of financial stocks; (3) suspend fair-value accounting (which has contributed mightily to our problems by marking assets to unrealistic fire-sale prices); and (4) authorize a net worth certificate program, we could settle the financial markets without significant expense to taxpayers." Another 700 billion of debt and more to come (because knowledgeable experts say we haven't reached the bottom yet) will leave the government impotent to solve any problems i.e. infrastructure, education, health. Democrats and Republicans who voted against the Paulson bill should propose an entirely new bailout plan that doesn’t put the government in so much debt.Don’t just fiddle with a plan structured by Paulson. Another top down solution that many experts say won’t be enough. It will paralyze the government for years to come and leave our children to pay the biil

One such example of a “bailout” plan that could work is proposed by William Issaacs, former FDIC chairman, in the September 27th Washington Post :

“If we were to (1) implement a program to ease the fears of depositors and other general creditors of banks; (2) keep tight restrictions on short sellers of financial stocks; (3) suspend fair-value accounting (which has contributed mightily to our problems by marking assets to unrealistic fire-sale prices); and (4) authorize a net worth certificate program, we could settle the financial markets without significant expense to taxpayers.”

Another 700 billion of debt and more to come (because knowledgeable experts say we haven’t reached the bottom yet) will leave the government impotent to solve any problems i.e. infrastructure, education, health.

]]> By: mah29001 http://www.red-alerts.com/the-front/95-democrats-vote-against-bailout-dow-international-markets-plunge/comment-page-1/#comment-26357 mah29001 Tue, 30 Sep 2008 01:08:00 +0000 http://www.red-alerts.com/the-front/95-democrats-vote-against-bailout-dow-international-markets-plunge/#comment-26357 I really wasn't a big fan of this bailout policy. Both Barack Obama and John McCain endorsed this failed bailout effort, and it died. Now I'm still a registered Republican, but I'm thinking more of like a closet Independent. I also agree that Paulson should resign from his post, and also Bernanke as well. They both did a horrible job, and I doubt their successors under an Obama or McCain administration would prove any hint of an improvement at all. I really wasn’t a big fan of this bailout policy. Both Barack Obama and John McCain endorsed this failed bailout effort, and it died. Now I’m still a registered Republican, but I’m thinking more of like a closet Independent.

I also agree that Paulson should resign from his post, and also Bernanke as well. They both did a horrible job, and I doubt their successors under an Obama or McCain administration would prove any hint of an improvement at all.

]]> By: Rob Taylor http://www.red-alerts.com/the-front/95-democrats-vote-against-bailout-dow-international-markets-plunge/comment-page-1/#comment-26347 Rob Taylor Mon, 29 Sep 2008 23:14:09 +0000 http://www.red-alerts.com/the-front/95-democrats-vote-against-bailout-dow-international-markets-plunge/#comment-26347 Agreed. The Paulson bill would have led to more problems than it could fix. They're basically asking us to extend credit to people who have proven they can't manage it. Thank the gods their were enough Democrats and Republicans who still listen to the people. Agreed. The Paulson bill would have led to more problems than it could fix. They’re basically asking us to extend credit to people who have proven they can’t manage it. Thank the gods their were enough Democrats and Republicans who still listen to the people.

]]> By: knight of pan http://www.red-alerts.com/the-front/95-democrats-vote-against-bailout-dow-international-markets-plunge/comment-page-1/#comment-26346 knight of pan Mon, 29 Sep 2008 23:08:09 +0000 http://www.red-alerts.com/the-front/95-democrats-vote-against-bailout-dow-international-markets-plunge/#comment-26346 Democracy worked this time. Congress listened to constituants! Let Wall Street pay for their own losses. Democracy worked this time. Congress listened to constituants! Let Wall Street pay for their own losses.

]]> By: Breaking:Bailout bill fails…Bitchlosi’s Words That Sealed Its Fate | Right Voices http://www.red-alerts.com/the-front/95-democrats-vote-against-bailout-dow-international-markets-plunge/comment-page-1/#comment-26341 Breaking:Bailout bill fails…Bitchlosi’s Words That Sealed Its Fate | Right Voices Mon, 29 Sep 2008 20:21:29 +0000 http://www.red-alerts.com/the-front/95-democrats-vote-against-bailout-dow-international-markets-plunge/#comment-26341 [...] Red Alerts [...] [...] Red Alerts [...]

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