We need a major, major mindset shift. I hate to say it, but both Barack Obama and John McCain only take us baby steps toward where we need to be.

Sorry to bring up reality again. I know how it must offend. Did you have a point or are you simply reacting to something not aligning with your preconceived beliefs? Every dollar that a policy props up current home owners is one that costs new home buyers. Once again politicians from both sides are making promises with other peoples money and picking winners that benefit them politically. There are a lot of home owners, who are probably more affluent and more likely to vote than none home owners.

amuseinc,

It bothers me that the Bush administration, or anybody, is even considering the bailout, or the stimulus package or the invasion of Iraq or, well, you get the idea. How and when it was hatched is secondary. There are spooky parallels between this bill and the lead up to the Iraq war. A crisis with a capital C that must be dealt with immediately or there will be grave consequences. The one difference being I think the economy really is close to breaking. I don’t however think either party has a snowballs chance of doing anything about it. They had there chances multiple times and did nothing. Maybe a real economic crash is the only way to get a meaningful number of people to understand how incompetent and corrupt both parties have been.

Meaningful change rarely happens without a crisis.

Whatever happens to the financial services industry, know this:

When the Republican administration is trying to scare you, they are lying.

All they want is your money. ALL OF IT.

We need to stop this bill until we can get rid of this crowd and
get some people we can trust in charge.

And, no, that does NOT include John W McPlane

You and your arguments, which have both been reduced to the absurd, can piss up a rope.

White House Dispatches Team to Push Economic Bill
September 23, 2008, 10:42 a.m.
By Keith Koffler
Roll Call Staff

The White House today is drumming up extraordinary pressure on Congress to approve its plan to enact a $700 billion mortgage bailout fund, suggesting the markets cannot wait much longer and dispatching Vice President Cheney and other top officials up Pennsylvania Avenue to jawbone lawmakers.
SNIP
But Bush himself continues to do little to explain his plan, and he has refused to be questioned about it.

Snip

Fratto said it would be “unthinkable” for Congress not to pass legislation this week, asserting the result would be a “very, very serious situation” for the U.S. economy.

SNIP

Fratto insisted that the plan was not slapped together and had been drawn up as a contingency over previous months and weeks by administration officials. He acknowledged lawmakers were getting only days to peruse it, but he said this should be enough.
END Quote

So this has been in the works for “previous months and weeks by administration officials” yet not a thing was done publicly, until it became a crisis to solve in less than a week involving giving a blank check to the Bush Administration. This is stinking like week old fish left in the sun… they put together a plan over months, never said a word other than “the economy is sound” and then offered up a major crisis that needs immediate action. Why do I not trust this bunch? Oh yeah, now I remember.