Friday, October 03, 2008

House plans second vote on bailout - Yahoo! News

House plans second vote on bailout - Yahoo! News: "WASHINGTON - Rejected once amid public fury about bailing out reckless financiers, a $700 billion rescue package is getting a second chance in the House as voters anxiously ponder an economic meltdown that could wipe out their ability to borrow, plunder their savings and put them out of work. Republicans and Democrats were jumping aboard the bailout as the House sped toward a make-or-break vote — a much-anticipated do-over after the plan met with a stunning defeat Monday, triggering a historic stock market plunge." The media, in this case AP, is just wrong about this. The plunge was happening prior to the outcome being known. Also, most Americans I talk to do not have this fear that is being portrayed. I believe most of us are mad as .... and have no desire to bail out stupid investors and stupid politicians, like Dodd and Obama and the rest.They should fail. Proof that things are not as bad as they say (they being the leftest agenda media) is this deal with Wachovia. Wachovia was to be sold for chump change to Citi (an arranged marriage by our government). Well, that didn't happen and now it turns out that Wells Fargo is getting them for substantially more money (about 7 times more). In fact, there was a bidding war I hear. This means, the media and our government are flat out wrong about this. It's sad when everything you hear from your supposed leaders is so cynical and depressing, and so wrong. The economy is good and most Americans know it.

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