Democrat, (10/2/2008 4:21:37 AM)

Bomb shelters!!!!! LOL!!!!!!!! It is too bad that Inhofe didn't run the other way when predictions were made that we can "grow the economy" through tax cuts for the wealthy and the deregulation of the American business community.

At least we can be thankful that about 3/4 of the US Senators understood that a bi-partisan deal is needed to avert a serious financial calamity.

Hopefully 12 House members will come to their senses and get on board. It would be good for the country if they were Republicans so that the imbalance would narrow so that 60% of the House Democrats and 40% of the House Republicans would agree to the plan. If the bi-partisan, country first-mentality does not grow within the Republican House delegation, then hopefully 2/3 of the Democrats will join with only 1/3 of the Republican House members to set politics aside and do what is right for the nation. Better the former than the latter for national unity, but either way, it must be done.

KWH, TULSA (10/2/2008 5:12:18 AM)

Angry Citizen wrote elsewhere after the handout bill passed
“Just watched the Senate..... Paid my mortgage today, my homeowners (which covers me up to 1 mil. if my dog bites someone's off), auto insurance, flood insurance as required by FEMA, crop insurance in case of a winter catastrophe, herd insurance in the event my cattle die or get stolen provided it's not my fault for leaving a gate open or missing an inoculation, life insurance, in the event I die so my son's will be able to pay the feds the inheritance tax associated with the transfer of my farming assets. And I thought to myself- I'm a doggone fool...... How was I tricked into believing that I had any control over anything other than my bird dogs. This isn't my father's republic, or my grandfathers, it a system built on increasing the power of the federal government. Now my grandchildren are in it for thousands of dollars, and they haven't even been born yet.”(Angry Citizen)
And my reply to this article and Citizen’s post is:
Well Citizen I believe that’s what a lot of people are wondering as they come to realize just how Socialist our country has become. The answer would be slowly and methodically over a period of decades.
I recall Doolittle talking about how things that the Socialist (but he didn’t identify himself as a Socialist but as a progressive thinker) have injected into our government controlled lives were once considered radical but now relied upon because so many people now leave so much of our individual decision making up to the government. At the time he was propagandizing his Socialist socialized medicine in our communications class. (How exactly he rationalized his excuse for politicking in a non-political class is forgotten, I’m not sure he even bothered)
Now it will be just a small step over to a complete Socialist system that George Soros (an integral part of this financial chaos to get Barry elected) envisions as the politicos, that are supposed to represent us, sell our individual freedoms and responsibilities to the Socialist order of the few Controlling the masses.
I say call your congresswoman or man and tell them you don't want anymore socialism in our government. or not.

Hijinx, (10/2/2008 5:50:27 AM)

Mental health coverage??

What in the H--L has that got to do with anything?

Energy tax breaks??

What in the H--L has that got to do with anything?

I sure that will pull in the votes needed in the house, jesus!

peelumba, (10/2/2008 6:48:39 AM)

there is alot of money to be made here but i suspect we (the tax payer being raped) will not see any of it! Keep on lining the fat cat's pockets, that's all the government seems to want to do here. Extend tax breaks for large corps? hhmm sounds alittle like no bid contracts?

Davy Crotchety, (10/2/2008 7:40:21 AM)

Inhofe voted against it...that's not surprising. He's as clueless about threats to our economy as he is about global warming.

But Coburn is a surprise. He's a skin flint and an ideologue. If he voted for it, then he must have seen the danger of doing nothing.

drill_baby_drill, McAlester (10/2/2008 7:45:29 AM)

I guess I don't understand...maybe some one can clear this up for me. I have read my fair share of articles from varied view points, listened to all the so called "experts" that CNN and Fox have interviewed, and have tuned into what the politicians and government officials have said/warned, but one thing is still confusing me. Yes, the market took a huge hit, but then it stabled out. This "bailout" was voted down, and the market didn't completely crash and burn as we had been told it would do. So why the rush to add a couple of so called perks to the same old plan and hurredly represent it? Why not leave it alone? What really gets me is the fact that such a highly opposed bill just a few days ago passed with overwhelming support by the politicians! I mean really, both sides, do you think the American people are that stupid? You are outraged for a day or two, saying things such as "The people have spoken", but then you have a complete change of heart the next day because we are going to get rid of the AMT? What does that have to with anything?? Thanks for throwing us a cookie! Sure I understand there will be a drip down effect, but the people that are going to be most effected by this are the people that are struggling now. Nothing changes. Am I missing something?

hardball, (10/2/2008 8:14:19 AM)

Looks like the Senate succumbed to Wall Street EXTORTION faster than Congress.

OneActivist, Tulsa (10/2/2008 8:33:33 AM)

I heard one of the tax breaks was for wooden arrows! You suppose that was aimed squarely at US in Okieland? LOL In any case we need to be ready to call and write our Okieland Reps when the vote comes up today or tomorrow.
WH Switchboard 1-800-828-0498
Okla Numbers
John Sullivan - 918-749-0014
Dan Boren - 918-687-2533
Frank Lucas - 1-405-373-1958
Tom Cole - 1-405-329-6500
Mary Fallin - 1-405-234-9900
I see the good people at the Tulsa World have a link at the beginning of the story also.

michael andrew, (10/2/2008 8:36:53 AM)

i dont know if im happy about this or not....one thing i do know, is that when the dust settles & this bill is passed, there had better be some criminals doing time over this....
chris dodd, who heads the finance comittee, barney frank, franklin raines, jim thompson & the rest of these crooks, had better get some jail time out of this......
the american people got screwed, BIG TIME, the only concession we have is some tax breaks & hopefully the fact that theses crooks wont get away with this, ever again!

OneActivist, Tulsa (10/2/2008 8:43:27 AM)

drill_baby: The Ripoff passed the senate easily because, although most of congress knows the people are against the bailout, only about one third of the senate is up for reelection this year. The people will forget the rest of the votes by the time the other senators come up for election. Thus 25 votes against. In the house, each member comes up for election every two years which means they have to pay more attention to the wants of the people. We need to stop the Ripoff in the house again today or tomorrow when it comes up to a vote again.

getreal, (10/2/2008 8:57:22 AM)

Why would members of congress get jail time? How about the people that caused the problem to start, bankers; investment firms; and mortage holders that lied on their applications?

We can all find plenty of information concerning the Japanese banking collapse in 1993. The Japanese call it the beginning of the "lost decade". Read and digest their problems. We all better hope this bailout works.

Graychin, Eucha (10/2/2008 9:22:16 AM)

"Every time I have run into hysteria, world coming to an end, I've been
on the opposite side and it's turned out to be right,'' Inhofe said.

Why didn't Inhofe vote against the "Patriot" Act? The "Protect America" Act? Both were outrageous Federal power grabs rushed through Congress in an atmosphere of fear. Where was Jim then? Hiding under his desk?

Coburn voted "yes." Inhofe voted "no." Which one of the Terrible Two is running for re-election this year?

alan3303, (10/2/2008 9:22:35 AM)

The fed has been dumping money into the market, for a year now, pumping up liquidity - true they may have sucessfully postponed this crisis from happening and with this 700 billion dollars they may keep it from happening for another year or so. But with each 'propping up' we increase the height from which the economy will fall in the inevitable correction. Passage of this bill will turn what was going to be a quick recession into a much more prolonged one.

"To combat the depression by forced credit expansion is an attempt to cure the evil by the very means which brought it about."

This was quote about the failed liquidity injections during the early stages of the great depression. The quote was made when economist where trying to figure out why the government couldn't stop the depression with all the cash injections they did. Hank Paulson just believes they didn't do enough liquidity injection but I would argue - as would many other economist - that the more government liquidity that is injected the worst the result. You had better be ready for future historians to say the same thing about the governments handling of this crash as they did about the 1929 crash before the depression - it was worsened not lessoned by government intervention in the free market.

Everyone our representatives are still deciding PLEASE participate in the democracy and call their offices. They are recording comments and voter preference and forwarding the content and tallies to their candidates. They are trying to hear from us we just need to talk to them!!!!!
WH Switchboard 1-800-828-0498
Okla Numbers
John Sullivan - 918-749-0014
Dan Boren - 918-687-2533
Frank Lucas - 1-405-373-1958
Tom Cole - 1-405-329-6500
Mary Fallin - 1-405-234-9900

WHAT???, Tulsa (10/2/2008 9:33:58 AM)

I want to know how this bill is going to help those of us that are already struggling. Being a full time Employee and Student taking care of a disabled mother at the same time. I want to know if this will help take some of the weight off of my shoulders. There are jobs still needing filled, not any that pay good enough to not have a second or third job to try to keep your head above water.
If this is just a way to help the rich stay rich I say S*rew them they need to see how the real Americans live. I doubt they would last one week as the working poor.

Lana, (10/2/2008 9:58:50 AM)

Inhofe, who conceded action was needed, said in the end he was not comfortable with the Bush administration's plan to use that much taxpayer money to buy vaguely defined toxic assets and turn them over to thousands of managers who might have been responsible for the financial problems.

He also questioned the way the package was being pushed through the process.

"Every time I have run into hysteria, world coming to an end, I've been
on the opposite side and it's turned out to be right,'' Inhofe said.
............................................
I would have to say, this time, Inhofe has it right.

Lawrence, Tulsa (10/2/2008 10:00:54 AM)

Senator John McCain spoke on the Senate floor on May 25, 2006, on behalf of the Federal Housing Enterprise Regulatory Reform Act of 2005:

"For years I have been concerned about the regulatory structure that governs Fannie Mae and Freddie Mac–known as Government-sponsored entities or GSEs–and the sheer magnitude of these companies and the role they play in the housing market. OFHEO’s report this week does nothing to ease these concerns. In fact, the report does quite the contrary. OFHEO’s report solidifies my view that the GSEs need to be reformed without delay.

I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190, to underscore my support for quick passage of GSE regulatory reform legislation. If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole.

I urge my colleagues to support swift action on this GSE reform legislation."

Do you wonder what happened to the bill McCain supported?

The bill never made it out of committee. Chris Dodd, then the ranking member of the Banking Committee and now its chair, was in the middle of receiving preferential loan treatment from Countrywide Mortgage, one of the companies gaming the system in the credit crisis. Meanwhile, Barack Obama took hundreds of thousands of dollars from the lobbyists McCain mentions in this speech, making him the #2 recipient of Fannie/Freddie money.

In other words, Obama was too busy writing his memoirs during this time, as well as cashing his checks from freddie mac and fannie mae to be concerned about reform legislation.

bear53, (10/2/2008 10:22:24 AM)

the only hope i see is for the house to defeat this corporate socialism 'buyout'. the senate sold out & some of the representatives have been bought by satanic interests. there's still some honest rep's such as: Congressman Peter DeFazio of Oregon and Congresswoman Marcy Kaptur of Ohio

they have a plan to let the market place settle the wall street boondogle & to not reward greed by the greedy.......

Mike S, Tulsa (10/2/2008 10:47:31 AM)

Congressional Pork, it's the other white meat.

Hijinx, (10/2/2008 11:49:26 AM)

Lawrence

Jesus! You have beat that dead horse over and over. There’s nothing there!! With a GOP White House, a GOP congress, with only 3 GOP sponsors, and a GOP senator in charge of the committee shooting it down, sounds like a GOP malfunction and a McCain failure. Guess McCain has no clout after all.

Mar, Tulsa (10/2/2008 11:50:25 AM)

I must say that I'm disappointed that Senator McCain voted for this boondoggle of a bill, especially since it is so bogged down with pork barrel earmarks. Newt Gingrich got it right as to how to fix this financial mess. I wish he and McCain would have gotten together and discussed this financial mess, then perhaps McCain would have voted differently.

Now for the next Presidential debate neither Obama nor McCain can hit at each other on how they voted for this bailout, since they both voted yes. ha ha ha

Mar, Tulsa (10/2/2008 11:52:43 AM)

Hijinx - uhhhh, I hate to burst your bubble but the majority in the Senate and Congress are Democrats.

Hijinx, (10/2/2008 11:55:37 AM)

Barack Obama took hundreds of thousands of dollars from the lobbyists McCain mentions in this speech, making him the #2 recipient of Fannie/Freddie money.

In other words, Obama was too busy writing his memoirs during this time, as well as cashing his checks from freddie mac and fannie mae"

Lobbyists?? You are aware aren’t you that these numbers you so often quote were from EMPLOYEES free to support whoever they want.

Fact is McCain is ahead in PAC money. That’s where the “lobbyists’” are.

lucky girl, (10/2/2008 11:59:53 AM)

the only ones that win by this passing are the ones that messed it up to begin with

Charley, (10/2/2008 1:16:25 PM)

We all post our ideas, along with our complaints. Some of us have even had a fellow poster mention our ideas or condemn them. Still we just post & post & post, but nothing happens.

This tells me one thing, we are divided, not only by our ideas, but also by the fact that we do not collectively construct our suggestions or criticisms of our government & become a VOICE to be heard.

Government has a collective voice. Government says "Frog" & we jump. Government is a tail wagging a dog, maybe a barking dog.

We do not have a collective voice, because we are all single entities speaking our thoughts. If Inhofe or Coburn read these posts, what would they do? They would laugh at our impotent wishes. Both of them got theirs & couldn't care less that you & I might starve or die.

waynes world, (10/2/2008 3:42:26 PM)

lucky girl, (10/2/2008 11:59:53 AM)
the only ones that win by this passing are the ones that messed it up to begin with

You are so right! Time to get back on the phones and web!!! Must work to get the house to stop this movement.

Question: The original bailout was what? 100 pages? I read somewhere the Senate increased it to 3-400 pages?? What else is hidden in this????

wall street fat cats 1
American tax payer watch out!! Here it comes again!!