What is Digg?374 Comments
- aph33x, on 10/01/2008, -4/+123"Because the bill must originate in the House, the Senate is attaching the rescue plan to a bill that deals with renewable energy tax incentives. This would allow the Senate to vote before the House to approve a bailout bill."
Whether you're for or against the bailout, every American should be pissed about the above quote. - techmaster, on 10/01/2008, -10/+120They are skipping the House and getting the Senate to pass this bill. If the Senate passes this bill, then they will use the victory in the Senate to put further pressure on the House to pass this. Do not let Congress cave in! We have to show Washington who their bosses are, and that we will not stand for any more of these special favors that the rich do for each other.
- artfuldodga, on 10/01/2008, -16/+94I've got a question, whats the point of the democratic process if bill's just get shuffled through one way or another? How do you American's stand for that, really... stand up for yourselves
- yodacallmesome, on 10/01/2008, -1/+60http://en.wikipedia.org/wiki/Us_congress
Quoted from Wikipedia:
Bills (and other proposals) may be introduced by any member of either house. However, the Constitution provides that: "All bills for raising Revenue shall originate in the House of Representatives." As a result, the Senate does not have the power to initiate bills imposing taxes. Furthermore, the House of Representatives holds that the Senate does not have the power to originate appropriation bills, or bills authorizing the expenditure of federal funds. Historically, the Senate has disputed the interpretation advocated by the House. However, whenever the Senate originates an appropriations bill, the House simply refuses to consider it, thereby settling the dispute in practice. Nevertheless, while the Senate cannot originate revenue and appropriation bills, it does retain the power to amend or reject them. - jchanc04, on 10/01/2008, -6/+64I just had to point out that on all channels today they were asking "Who is to blame for the bailout's failure?" Especially on CNBC, they never even considered that the bailout should not be passed. Obviously the failure was because the American public was too dumb to understand that Congress knows what is best for us.
We have our work cut out for ourselves. - truthseeds, on 10/01/2008, -4/+52"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!"
President Andrew Jackson - digitronix, on 10/01/2008, -4/+39Here is the link. Your senators are curious what YOU think about this bailout:
http://www.senate.gov/general/contact_information/ ... - inactive, on 10/01/2008, -1/+32We're seeing exactly how controlled our media is.
- gh0st037, on 10/01/2008, -2/+32I have also contacted my senators, and believe that this will show us how much they care about the people who vote them into power. This, for me, is a deal-breaker, and any supporter of this package has lost my vote.
- techmaster, on 10/01/2008, -3/+33I have contacted both of my senators, urging them not to vote for this nonsense. This is a travesty of the American legislative process.
- jeffvvisoft, on 10/01/2008, -4/+31Congress needs to learn there are more Voters than Lobbyists this November.
Kick 'em all out - timetofly, on 10/01/2008, -2/+28Senate to By pass congress and vote on bailout tomorrow Please send this message out to EVERYONE, not only here but on your email list!....
The Senate is ignoring the House of Representatives and will be voting tomorrow on passing the bill, as just reported by Lou Dobbs on CNN.
CONTACT YOUR SENATOR NOW!!!
http://www.senate.gov/general/contact_information/ - TomJohn, on 10/01/2008, -9/+34Incredible! No way can we let this happen!
What are we going to do, guys? - PunkRampant, on 10/01/2008, -5/+29I just wrote this to my senators:
I understand that most legislators are fighting for taxpayer protection and proper oversight, but we the people are still outraged at the core idea of saving these banks with taxpayer money.
1. Where is the money coming from?
--Borrowing from China? Great, more debt which will be paid by our children and grandchildren.
--Printing out of thin air? Sweet, inflation will go through the roof in the next decade.
2. This sets a precedent.
--Banks and investors will remain confident that they can gamble with business, lose it all, and expect the government to save them.
--There is much talk of further regulating these business tactics, but how do we know for sure that this complicated bill does enough, or even does it right? Let's first focus on fixing regulations -- THEN we can consider bailout options. The "doom and gloom" fearmongering is classic Bush -- we have PLENTY of time to examine all aspects of this crisis.
Legislators have acknowledged that the vast majority of constituents are opposed to the bailout, yet they are voting YES anyway. They say this is because WE THE PEOPLE do not know what is good for us in the long run. What is this, an authoritarian state?
We know perfectly well what's good for us in the long run.
We know that the failure of this bailout will send our economy into recession and possibly depression for the next few years.
We know that the success of this bailout will be a temporary band-aid so that people can continue abusing credit for as long as possible.
But this bailout will only make things worse in the long run, through sky-rocketing inflation and more instances of government and wall street working together at the expense of regular people.
We know what's good for us, and we are begging you to trust our judgement. Please listen to your constituents. Vote NO on the bailout. - digitronix, on 10/01/2008, -0/+23Here's an idea:
http://www.senate.gov/general/contact_information/ ... - inactive, on 10/01/2008, -3/+26If calling, mention HR 2755 to audit the Federal Reserve.
- inactive, on 10/01/2008, -5/+25You can send free faxes from your computer at: http://faxzero.com/ and http://www.freepopfax.com/
Key votes:
Elizabeth Dole (NC) -
D.C.: Phone: (202) 224-6342 Fax: (202) 224-1100
Raleigh: Phone: (919) 856-4630 Fax: (919) 856-4053
Norm Coleman (MN) -
D.C.: Phone: (202) 224-5641 Fax: (202) 224-1152
St. Paul: Phone: (651) 645-0323 Fax: (651) 645-3110
Roger Wicker (MS) -
D.C.: Phone: (202) 224-6253 Fax: (202) 228-0378
Jackson: Phone: (601) 965-4644 Fax: (601) 965-4007
Gordon Smith (OR) -
D.C.: Phone: (202) 224-3753 Fax: (202) 228-3997
Portland: Phone: (503) 326-3386 Fax: (503) 326-2900
Lyndsey Graham (SC) -
D.C.: Phone: (202) 224-5972 Fax: (202) 224-3808
Greenville: Phone: (864) 250-1417 Fax: (864) 250-4322
Ted Stevens (AK) -
D.C.: Phone: (202) 224-3004 Fax: (202) 224-2354
Anchorage: Phone: (907) 271-5915 Fax: (907) 258-9305 - inactive, on 10/01/2008, -0/+20If calling, mention HR 2755 to audit the Federal Reserve.
- jeffvvisoft, on 10/01/2008, -7/+26Today, Godzilla was spotted approaching Lower Manhattan. To avoid certain armageddon and protect the financial institutions in Gozilla's destructive path, Treasurer Paulson and his buddies at Goldman Sacks requested $1.3 trillion to complete construction of their savior, MechaGodzilla.
- inactive, on 10/01/2008, -2/+21No *****, *****, but if you think I'm going to march into DC with a ***** rifle, you're ***** insane.
- jeffvvisoft, on 10/01/2008, -3/+20...government of the Fat Cats, by the Fat Cats, for the Fat Cats...
- TomJohn, on 10/01/2008, -5/+22Calling and e-mailing are obviously not enough. What about gathering in front of the Capitol Building Wednesday at 2 p.m. eastern standard time?
- yodacallmesome, on 10/01/2008, -4/+21It seems like the bill should at least contain new regulations to keep this from happening again.
- richmomz, on 10/01/2008, -3/+20It could be much worse: the bailout might not actually be for Wall Street, but for FOREIGN banks and investors that are threatening to crash our economy if we don't buy back all the bad debt we sold them - Paulson's actions support this theory as he has explicitly stated that he will not allow any amendment to the bailout bill that prevents the treasury from bailing out foreign entities: http://digg.com/world_news/THE_REAL_REASON_BEHIND_ ...
I hope I'm wrong, but judge for yourself. This thing MUST NOT PASS!!! - n8o8, on 10/01/2008, -2/+18I spent my lunch break today calling ten senators and thanking them for their vote against the bailout. Do the same tomorrow. If the ones who voted against it once, hold firm again, then we win. Otherwise the crooks take our soon to be hyper-inflated money.
- digitronix, on 10/01/2008, -1/+17I'm not the best writer, but here is what I wrote to my senators:
I am a student at the University of *******, and I wanted to make a couple comments about the economy, and suggest a way forward for dealing with the economic crisis. I want to encourage you not to vote for H R 3997 on Wednesday. I want to give you the concise reason why this bailout is the wrong decision to make, and why the majority of Americans believe this bailout is a bad idea.
The Federal Government is responsible for creating this crisis. Years ago, the government started the housing bubble by promising Fannie Mae and Freddie Mac that it would make good their debts, so these financial institutions took on excessive risk. Congress has also pushed Fannie/Freddie to expand subprime lending, and they in turn abandoned reasonable lending practices. A government bailout takes money from the poor and middle class (through the printing of dollars, causing inflation), to those who engaged in risky lending practices. This only encourages more imprudent lending by the company, and does nothing to address why we have the crisis to begin with, which is the easy creation of credit. Americans won't see a rise in taxes if this bill had passed, because the Federal Reserve would have simply printed all the money.
Which brings me to my second point, the Federal Reserve. Despite the bailout being rejected by Congress, the Federal Reserve continued to pump massive amounts easy credit into the economy, simply by printing the money. Bush got his bailout anyway. Unfortunately, Congress, whose job it is to coin currency, has absolutely no oversight in the practices of the Federal Reserve. The power to create money out of thin air is the most dangerous power anybody can have. When somebody is given the power to create money out of thin air, they always abuse that power, and the crisis we're seeing today is a natural consequence of that.
The infusion of easy credit into the economy started this credit bubble, but Congress is sitting on their hands while the the Fed continues to inflate the bubbles even larger. Eventually, the bubble will deflate, since we can't have a perpetually expanding economy. Better this recession sooner than later. The government has actively been postponing the recession, and when it finally comes, it will be a lot more devastating than if it happens sooner.
I strongly urge you to consider supporting legislation to monitor the practices of the Federal Reserve. The creation of money out of thin air is going to weaken the dollar, and may lead to runaway inflation. The dangers of runaway inflation are severe, since the entire world depends on a strong US dollar. This is why it is critical to put the Federal Reserve in check. There needs to be a mechanism in place to ensure the Federal Reserve does not print out too much money, and the gold standard has often times been an effective mechanism for controlling the creation of credit.
As an Engineering student, I want to know that the government has taken proper steps to correct the fiscal crisis that has beset us in the past weeks, and not this ludicrous Bush/Paulson/Bernanke bailout. It is critical you oppose this bailout bill, and support the correct changes in order to ensure a future of prosperity in the United States. I want to know that after I graduate, I can find a job in an industrial America where the dollar is still worth something. - Seann7656, on 10/01/2008, -2/+18If only it was that simple...
- timetofly, on 10/01/2008, -5/+20 Senate to By pass congress and vote on bailout tomorrow Please send this message out to EVERYONE, not only here but on your email list!....
The Senate is ignoring the House of Representatives and will be voting tomorrow on passing the bill, as just reported by Lou Dobbs on CNN.
CONTACT YOUR SENATOR NOW!!!
http://www.senate.gov/general/contact_information/ ... - pintomp3, on 10/01/2008, -1/+16of the lobbyists, for the corporations, buy the politicians.
- TomJohn, on 10/01/2008, -3/+17Did that. But it's obviously not enough. What about gathering in front of the Capitol Building Wednesday at 2 p.m. eastern standard time?
- inactive, on 10/01/2008, -2/+16Got any ideas, wise one? We're all ears.
- DragonGirl724, on 10/01/2008, -3/+17you can't fix a major global economic debt crisis with more debt. its just that simple.
future generations are going to really hate us if this passes.
if the salvation of a handful of private banking institutions is so dire, that if we don't comply the world will end as these scumbags are making it out to seem, then that is a system that NEEDS to fail. - DeskFlyer, on 10/01/2008, -0/+13Senate back to you: tl,dr kthxbye
Seriously, nice work. - inactive, on 10/01/2008, -0/+13http://www.senate.gov/general/contact_information/ ...
instead of link above - TomJohn, on 10/01/2008, -2/+15Exactly who engineers such a tactic? Names?
- inactive, on 10/01/2008, -4/+16i don't know how feinstein and boxer keep getting reelected. they never listen to their constituents! one time i got a nice form thank you letter with a comment about how something was affecting certain farmers. it had nothing to do with my complaint!!!
- lolupissed, on 10/01/2008, -0/+12I hope some Representatives contest this heavily, I hope people are jailed for treason
- russ3, on 10/01/2008, -6/+17Look it is going to pass in the house and senate. Everyone was just covering their asses by voting against the first one so that it's on their record. So later if someone says "Hey you voted for that bill, WTF?" They can say, "Oh well I was against it as you can see, but the second one had slightly more _____, so even though I still was not in favor of it, I voted for this improved version."
See Baracks excuse for voting for FISA if you don't believe me. - savagesteve13, on 10/01/2008, -1/+12Big media is heavily invested in Wall Street, they're protecting their jewels.
- 4libertyy, on 10/01/2008, -0/+11Well done! You worked in good points and facts that a lot of people don't know. I like how you brought up the Fed and how they create money out of thin air.
- aaronirwin31, on 10/01/2008, -5/+16Here's a better idea. Take the trillion or so bucks you've spent on two wars, plus the trillion or so bucks you plan to spending to bailout Wall Street, and put it in a a big $2 trillion-dollar-plus pile. Now, fire up places like Flint, Michigan where they are in need of jobs and get them to start rolling out solar panels and battery banks.
Even if it cost $20,000 per home to convert it to solar electric and thermal water heating, with $2 TRILLION dollars you can convert 100 MILLION households. That's nearly every household in America. We can give another couple hundred billion or so to Ford and Chevy to start cranking out hybrid cars you can charge up every night with your new solar panels sitting atop your roof... and then we won't have to worry about the oil in the Middle East and Venezuela. We can tell them to go f-off, we don't need their oil!
And if you want to recoup the tax money you sent converting everything to solar, put a one time 10% tax on all homes sold that received the solar conversion. The next time the property is sold, the gov gets 10% back to cover the cost of the conversion. Drastically reduced electric bills, slashed fuel costs, clean energy, probably near 100% oil independence, new service industries created to maintain the solar systems, 10s of thousands of people put to work to install the systems.. and so on.
But would we do anything even close to that? Hell, no. It would probably be too socialistic. Wouldn't be in our national interest. I'm just sure nothing close to that would ever work. Nice pipe dream, but lets be real here.. oil is the way to go. It would be much better spent bailing out Wall Street and blowing two countries up. - nhansen, on 10/01/2008, -1/+11I noticed the same thing on NPR today - especially on "Marketplace" - which I found puzzling, and troubling.
- EELander, on 10/01/2008, -0/+10Forget about procedure, the Bill itself is unconstitutional in scope, content, powers, and the crossing of government into commerce, creating slush funds for the Beltway and Wall Street.
- inactive, on 10/01/2008, -3/+13Everyone in the area should do this regardless of if you have to work. Your dollar will be ***** if it passes, so work will be meaningless anyway.
- whahaa, on 10/01/2008, -0/+10the most important thing to impress on them is that come november you will make sure to vote against any senator or representative that supports this bill.
- DVmaker, on 10/01/2008, -1/+11As if there's any respect for the Constitution.
- lolupissed, on 10/01/2008, -4/+13Someone get a hold of Mel Martiniez Republican from Florida. He has stated all along he will vote for the bailout. WE DO NOT WANT IT. LISTEN TO YOUR CONSTITUENTS!
Bill Nelson Democrat from Florida has not shown support to this bill and said he objects to several parts of it.
Martinez is a Neocon tool, he must be converted! - inactive, on 10/01/2008, -4/+13Texas Senators:
Kay Bailey Hutchison
Phone: 202-224-5922
http://www.senate.gov/~hutchison/contact.cfm
John Cornyn
Phone:202-224-2934
http://cornyn.senate.gov/public/index.cfm?FuseActi ... - inactive, on 10/01/2008, -0/+9Yes. Less so then if we continue putting off the inevitable.
- Vikaas, on 10/01/2008, -4/+12I'm going to go ahead and leave my AZ senators a message that I have complete faith they will vote against this.
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