Anybody voting Republican this Year?

Anyone still feel that deregulating our financial system is the way to go then lets vote McCain. Wow just shocked that this bill was not passed. We needed this passed yesterday. Trust me if this bill is not passed not only will banks not lend to each other but your credit may not work when you go use it!

nationwide, most of the country was against the bailout. This might get them some votes... until, at least, we are bankrupt...

Sizzlack, NYC100022/Eddie Wilson, and uptowngirl are the core of McCain's base who are voting for him .... from the poor house....

The majority of Americans (outside NYC) were opposed to the bailout. Republicans won't lose on this one, at least not in local elections. The NYT is going to rip McCain apart and he's lose.

> from the poor house....

Ha, from the guy who told us to buy NYC RE at the absolute peak. I love it!

For the record, it was over-regulation in the mortgage market that got us into this, not deregulation. There isn't the removal of a single body of regulation that lead to the mess we have today.

Yeah, right, AvUSW, and the bailout failure is all Nancy Pelosi's fault. Gimme a break...

AvUWS - war is peace, freedom is slavery, Bush is smart,.......republicans didnt cause this.....party of accountability........

"For the record, it was over-regulation in the mortgage market that got us into this, not deregulation. There isn't the removal of a single body of regulation that lead to the mess we have today."

There seem to be two economic camps on this one.

Actually, I should rephrase, it was a regulated mandate for increased risk in part of the market (sub-prime, primarily) coupled with out-to-lunch credit agencies and too-low interest rates from the Fed. (Did any of those include the implicit guarantee of the GSE's? That was a really big part of it.)

Does anyone else wonder why banks need to lend to one another?

Also, I wonder if the majority of Americans realize that their pensions/retirements are heavily reliant on market appreciation in order to be fully secure and that it doesn't really matter if it's tax dollars now supporting the market or tax dollars later taking over under-funded pensions that will be required for them to retire on time and at a decent standard of living.

Petrfitz - your credibility on anything macro and/or non-partisan has been shot to heck a long time ago.

Also interesting that at no time did I mention a party, a politician, or any particular piece of legislation yet the hat seems to burn so hotly on some peoples heads that they immediately think someone is talking about them.

AvUWS - you do know that you are posting favroably in a thread entitled Anybody voting Republican this Year?

Jasper - true to the degree that people have defined-benefit retirement plans. Those with defined-contribution plans will not be supported by tax dollars. For that matter, those with defined benefit plans will only be supported to the extent that politicians/taxpayers choose to rescue those plans.

Plans were in a LOT of trouble before any of this was about to happen. States and municipalities have mortgaged their pension plan futures for the present for various reasons for a long time. This includes both underfunding, overestimating returns, and granting larger retirement benefits for ever shortening periods of work.

"it was a regulated mandate for increased risk"

There was never such a thing.

Did I post favorably? Funny, looked to me like I was trying to explain the many causes of the problems we are in now. And I didn't see anything I said as being "favorable" toward voting one way or another.

The Dow down 777 points. The politicians failed the general public today and if this doesnt get passed on Wednesday scratch off another 1000 points on Wednesday. By the end of this week as Jim Cramer stated we could be down by 3000 points. I don't like this bill but I understand for our economy to continue it is imperative it get passed.

At this point forget about going into a recession because its obvious we are already in one its trying to avoid the great depression pt 2.

Very disappointing. I don't understand the disconnect with the rest of the country-- don't they see the big picture? Democrats and Republicans are just finger pointing at this point- wondering what their legacy will bring. It is laughable-until you start to cry. Meanwhile the Dow took the biggest point drop in history. Worst than '87. What the heck is supposed to happen now?

> Petrfitz - your credibility on anything macro and/or non-partisan has been shot to heck
> a long time ago.

or on real estate... or investing... or neighborhoods... or art... or, well, maybe the list of things he knows about would be a shorter list...

I'm a reagan democrat(which of course makes me alot older than all of you kidz-and if you dont' know what it means to be a reagan democrat, then suck this), and then along came the debate and NBC claimed four different times in its runup that both candidates were after MY VOTE. go figure. all this time I figured Ross Perot or Mike Bloomberg were going to get into the race to grab my vote. oh well, McCain made it easy by picking Palin and Tine Fey made it even easier by being Palin.

I wonder if Pelosi is going to be able to sleep tonight....

garelj - you are such a partisan spin machine. Did the republicans feelings get hurt? Why did they take out their hurt feelings on the ENTIRE Country????

Wah wah wah - my feelings were hurt so we republicans punished the economy of america!!!!

McCain should be slapped for choosing Palin. I expected far better from him. Politics is one thing, and always sad to see. But the VP choice is potentially very important. He's getting reckless.

http://gawker.com/5056526/big-gay-barney-frank-apologizes-for-offending-republicans

Barney Frank and Chris Dodd did much damage with Freddie and Fannie but the NYT is not reporting on it. Please let's get this site back to real estate. I'm saying Good-bye to petrfitz and "ignore this person"

First, the bailout punishes America. Then not passing it punishes America.
Then suddenly Perfitz is Leonardo Da Vinci.

I've never heard so much crap out of one person's mouth... and that includes politicians.

Obama/Biden the sure winners. Change will prevail.

Julia sorry but what can be said of B. Frank after he voted yes to an obvious hard patriotic decision that will hurt him with voters and ultimately save the country...while republicans chose to be "popular" with people and let us all fall in the crack...please, wake up.

"garelj - you are such a partisan spin machine. Did the republicans feelings get hurt? Why did they take out their hurt feelings on the ENTIRE Country????

Wah wah wah - my feelings were hurt so we republicans punished the economy of America!!!!"

Wow...way to regurgitate what Barney Frank said...way to be original

Next...

so then why di dyou blame Pelosi? was it because she said something repubs didnt like? please explain?

"while republicans chose to be "popular" with people and let us all fall in the crack...please, wake up."

Democrats have the majority and could have passed it if Pelosi got the troops in line to support this....

This is all the house, not Dem/Rep....both parties let us down

Behind closed doors she was bipartisan...out in the open she just couldn't help herself and lashed out in an irrelevant speech....all the good work working together down the drain cause she couldnt keep her mouth shut....

"she couldnt keep her mouth shut...." so the Republicans felt justified to take it out on the country?

Cause: Pelosi open mouth
Effect: Critical Repubs vote no

Its that simple....

Effect: Critical Repubs vote no - take out their little sophomoric grudge on the entire country. Real mature.

Plenty of Dems to take up the slack....of course they would have to listen to their leader to believe in it...but the Blue Dog Democrats we're just as horrified to hear the hatred spewed out of her mouth they stuck to voting "no"...

90+ democrats voted no. Pelosi's going to have big problems with the "blue dog" democrats next year.

Oh my god this is beyond spin. THE REPUBLICANS SHOULD VOTE FOR THE COUNTRY NOT AGAInST ONE PERSON'S SPEECH!!!!!!!!!

And maybe Pelosi should learn to keep her mouth shut....

Petr I didn't even see you lump me into the McCain's base category up top there. I will say...umm doubtful. I think that the McCain camp will look back at this week and see where it all went kaput. I already told you months ago I think both candidates are flawed. This is Obama's race to lose.

"maybe Pelosi should learn to keep her mouth shut"

I can't believe anybody would actually buy that line. That 2/3 of Republicans voted against a necessary bill because they didn't like what Nancy Pelosi had to say? Really? What about all of their constituents who lost more today than the entire bailout would have cost?

The dems know this is politically polarizing - like medicine - it tastes bad but you do it anyway. So they only said they would deliver a 60/40 vote which is what they did. This was known ahead of time so that it wouldn't be pinned on the dems entirely. The repubs didn't make up their share to make it work. THey are looking at short term elections. The truth is that represntatives should be looking out for their communities interests which they may or may not be the wiser to know themselves (i.e. the community should be less knowledgeable vs. their representative).

hedge funds get hit tomorrow sept 30th is a gate day we may not see the effects for a few days

republicans will soon be publicans
they will evangelize
which will be no surprise
palin-mccain will lead the chorus
J Sarah Sarah

for petrfitz:

Maxine Waters: "We do not have a crisis at Freddie Mac and particularly Fannie Mae under the outstanding leadership of Frank Raines"

Also

"Under the outstanding leadership of Mr. Frank Raines, everything in the 1992 Act has worked just fine. In fact the GSE’s have exceeded their housing goals. What we need to do today is to focus on the regulator and this must be done in a manner so as not to impede their affordable housing mission, a mission that has seen innovation flourish from desktop underwriting to 100% loans. "

Who writes this stuff for her? Frank Raines?

Rep. Barney Frank (D.MA)

"You seem to be saying, well, these are in areas which could raise safety and soundness problems. I don’t see anything in your report that raises safety and soundness problems. "

"But I have seen nothing in here that suggests that the safety and soundness are at issue. I think it serves us badly to raise safety and soundness as a kind of a general shibboleth, when it does not seem to me to be an issue. "

Anyway here is the link. Enjoy.

http://www.youtube.com/watch?v=_MGT_cSi7Rs&eurl=http://www.hillaryclintonforum.net/discussion/showthread.php?t=32350

"Cause: Pelosi open mouth
"Effect: Critical Repubs vote no

"Its that simple...."

If it's that simple, then Critical Repubs are dumber than I thought: a bailout that may have cost $700 billion cost $1.4 trillion today alone.

Good move, you sensitive Critical Repubs, you!

The truth is, there is a bunch of right-wing ideologues who think they know everything based on a single "free market" mantra popularized by Ronald R. and Maggy T., who seemed to have forgotten that regulations existed for a reason. "Low Taxes!" Yeah, and high deficits! "Free Markets!" Yeah, and asset bubble after asset bubble.

The truth is that this is the most incompetent administration that has ever served, and the Do-Nothing Congress does nothing because the Republicans won't let them. Now this. Maybe it makes people who shop at Wal-Mart feel better, but in the end it will cost them their jobs.

Absolutely.

Neither Adam Smith nor Karl Marx works in the real world. There is a need for improvisation for idealogues on both sides. Sorry but he invisible hand only works perfectly in the book guys.

The truth is there are just as many crazy left wing liberals who hate the thought of bailing out Wall Street as there are weird right wing conservatives who hate gov't bailiouts and voted "No" also...

Not sure why you cant see this as both parties are to blame....

A unifying speech would have gone a long way for people to believe in congress again and usher in this new era of bipartisanship...instead we get fire and brimstone only liberals from San Francisco know how to dial up...now if she can only do something about the homeless back home....

I do see this as both parties are to blame (but I can also see magnitude of votes etc.). Still, see my comment above. Adam Smith and Karl Marx are not exactly known for similar worldviews.

"A unifying speech would have gone a long way for people to believe in congress again and usher in this new era of bipartisanship..."

No doubt.

"Instead we get fire and brimstone only liberals from San Francisco know how to dial up..."

Right. And Rush and Hannity and Fox in general don't know how to do that.

"now if she can only do something about the homeless back home...."

How about the homeless Wall Street bankers?

It's hard not to be insulting when confronted with such drivel. This from someone who votes Republican as often as Democratic. Read David Brooks today - no bleeding heart, to be sure - about how ideologues have taken over the Republican party. Be it the "religious right" or "supply siders," people who think we're still fighting the socialism of the 70's, rather than understanding that we're faced with an intertwined and delicate financial system that needs to have rules, and there have been no rules.

Yesterday was a disgrace. A failure in leadership. Sure Pelosi could have been more gracious, but it was incompetent foolhardiness to do what the Republicans did, which when you add it to 9/11 (sure - Clinton's fault!), Iraq (Weapons of Mass Destruction, the oil will pay for the war!), Afghanistan (Osama bin Who?), Katrina (what's a few hundred thousand coloreds matter when we can take Louisiana for the Republicans?), and now the worst financial disaster since the Great Depression (who knew it would lead to this?) - and what you have is nothing but incompetence.

Incompetence, incompetence, incompetence. Trickle-down incompetence.

garelj says "The truth is there are just as many crazy left wing liberals who hate the thought of bailing out Wall Street as there are weird right wing conservatives who hate gov't bailiouts and voted "No" also..."

That statement is completely untrue. There were not "just as many liberals who voted no" there were 135 Republicans who voted "no" and 95 dems. That about 40% more republicans who voted no.

There were also a lot more dems who voted yes 160 vs republicans 65.

"Rush and Hannity and Fox"

- Are not voting

"How about the homeless Wall Street bankers?"

- How about the homeless construction worker, widget maker and production worker cause all lending/credit has grinded to a stop (take a look at LIBOR this morning). I dont think you have to worry about the homeless Wall Street Banker...unless you are talking about "one less"

"Yesterday was a disgrace. A failure in leadership."

- Couldn't have said it better myself

Liberals does not neccessarily equal Democrats just like Conservatives does not equal Republicans...

If you did your homework you would realize it was the frindge represnetavives on both sides how voted this down, not the mainstream Dems or Reps....

Truth restored...

both sides are to blame. both sides should be ashamed and evicted from office as fools. this two party system does not work anymore.

"If you did your homework you would realize it was the frindge represnetavives on both sides how voted this down, not the mainstream Dems or Reps...."

228 votes is a lot of fringe.