Comments on: Analysis of the House Voting Down Yesterday’s Bailout Bill http://inkslwc.wordpress.com/2008/09/30/analysis-of-the-house-voting-down-yesterdays-bailout-bill/ A blog that I post on whenever I see something that makes me want to go off on a Republican (Libertarian every once in a while) rant. I will cover stories from all over the nation and world, but I will try to cover as many stories about my home state of Michigan as I can (I'll also talk a lot about Texas, because Texas is awesome!). Note, all times are for the Eastern time zone, daylight savings time when applicable, so stop leaving comments that it's only noon in California and I said 3:00 P.M. Fri, 01 Jan 2010 08:55:41 +0000 http://wordpress.com/ hourly 1 By: 53% of Rescued Homeowners Still Not Paying Mortgages on Time « Republican Ranting http://inkslwc.wordpress.com/2008/09/30/analysis-of-the-house-voting-down-yesterdays-bailout-bill/#comment-5056 53% of Rescued Homeowners Still Not Paying Mortgages on Time « Republican Ranting Fri, 12 Dec 2008 18:23:45 +0000 http://inkslwc.wordpress.com/?p=1464#comment-5056 [...] I’ve said NUMEROUS times before (such as here and here), the majority of the blame in these instances falls on the HOMEOWNERS for trying to buy [...] [...] I’ve said NUMEROUS times before (such as here and here), the majority of the blame in these instances falls on the HOMEOWNERS for trying to buy [...]

]]> By: Congress says no to $700B; Dow says bye to 700 points | U.S. Common Sense http://inkslwc.wordpress.com/2008/09/30/analysis-of-the-house-voting-down-yesterdays-bailout-bill/#comment-3903 Congress says no to $700B; Dow says bye to 700 points | U.S. Common Sense Thu, 02 Oct 2008 03:11:04 +0000 http://inkslwc.wordpress.com/?p=1464#comment-3903 [...] articles: Republican Ranting - “Analysis of the House Voting Down Yesterday’s Bailout Bill” Ed Gruberman - “$1,200,000,000,000″ Tom Rants - “How broke is it?” The [...] [...] articles: Republican Ranting – “Analysis of the House Voting Down Yesterday’s Bailout Bill” Ed Gruberman – “$1,200,000,000,000″ Tom Rants – “How broke is it?” The [...]

]]> By: Jason http://inkslwc.wordpress.com/2008/09/30/analysis-of-the-house-voting-down-yesterdays-bailout-bill/#comment-3889 Jason Wed, 01 Oct 2008 16:37:56 +0000 http://inkslwc.wordpress.com/?p=1464#comment-3889 The HOPE for Homeowners Act needs to pay less than 36.5 % of the face value of the subprime mortgage back securities. If more is paid the government loses money in the long run and owners of the securities profit now. nomedals.blogspot.com The HOPE for Homeowners Act needs to pay less than 36.5 % of the face value of the subprime mortgage back securities. If more is paid the government loses money in the long run and owners of the securities profit now. nomedals.blogspot.com

]]> By: inkslwc http://inkslwc.wordpress.com/2008/09/30/analysis-of-the-house-voting-down-yesterdays-bailout-bill/#comment-3882 inkslwc Wed, 01 Oct 2008 03:13:07 +0000 http://inkslwc.wordpress.com/?p=1464#comment-3882 But in order for the bailout to work, the people who are going to get their homes foreclosed have to accept that. This bill can't help everybody. Nothing can ever help EVERYBODY. So you have people getting homes foreclosed, they go and basically tear apart the house so that the bank gets screwed becase the bank is the bad guy - and that drives us FURTHER into this crisis. A bailout now will only mean that another bailout will be needed in a few months. But in order for the bailout to work, the people who are going to get their homes foreclosed have to accept that. This bill can’t help everybody. Nothing can ever help EVERYBODY. So you have people getting homes foreclosed, they go and basically tear apart the house so that the bank gets screwed becase the bank is the bad guy – and that drives us FURTHER into this crisis. A bailout now will only mean that another bailout will be needed in a few months.

]]> By: snow http://inkslwc.wordpress.com/2008/09/30/analysis-of-the-house-voting-down-yesterdays-bailout-bill/#comment-3880 snow Wed, 01 Oct 2008 01:56:30 +0000 http://inkslwc.wordpress.com/?p=1464#comment-3880 I once again submit that this problem is so large that the normal rules of capitalism and free markets don't apply. We are not talking about bailing out a local merchant who made poor decisions, we are talking about saving our banking and credit system from being destroyed. whats the point of having free markets or freedom for that matter when we are homeless, jobless and broke? It is easy for Ron Paul to pour on the capitalist rhetoric when he is not going to be the one losing his home or job. We need to be able to borrow money for school. We need to be able to borrow money for a car. We need to be able to borrow money for a small buisness. Is it fair for me to not be allowed access to those things so we can stay within our "capitalist ideals"? It's easy to say that we say this coming, but hindsight is 20/20. People want Wall street to suffer. What they don't understand that if wall st. suffers, main street suffers. I submit that the best way to keep capitalism going in this country on the level of the modern world is through the bailout (i hate that term, but whatcha going to do.) If nothing is done, then this country is in for some very dark times....times we may never bounce back from. I once again submit that this problem is so large that the normal rules of capitalism and free markets don’t apply. We are not talking about bailing out a local merchant who made poor decisions, we are talking about saving our banking and credit system from being destroyed. whats the point of having free markets or freedom for that matter when we are homeless, jobless and broke?

It is easy for Ron Paul to pour on the capitalist rhetoric when he is not going to be the one losing his home or job. We need to be able to borrow money for school. We need to be able to borrow money for a car. We need to be able to borrow money for a small buisness. Is it fair for me to not be allowed access to those things so we can stay within our “capitalist ideals”? It’s easy to say that we say this coming, but hindsight is 20/20.

People want Wall street to suffer. What they don’t understand that if wall st. suffers, main street suffers. I submit that the best way to keep capitalism going in this country on the level of the modern world is through the bailout (i hate that term, but whatcha going to do.) If nothing is done, then this country is in for some very dark times….times we may never bounce back from.

]]> By: Sue Massey http://inkslwc.wordpress.com/2008/09/30/analysis-of-the-house-voting-down-yesterdays-bailout-bill/#comment-3877 Sue Massey Tue, 30 Sep 2008 23:01:36 +0000 http://inkslwc.wordpress.com/?p=1464#comment-3877 I must say this is a great article i enjoyed reading it keep the good work :) I must say this is a great article i enjoyed reading it keep the good work :)

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