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[Poll]
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Be Honest
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| Would have voted ‘Yes’ on first bailout plan |
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| Would have voted ‘Yes’ on Senate [second] bailout plan |
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| Would voted ‘NO’ on first plan and Senate [second] bailout plan |
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| Would vote ‘No’ on any bailout plan at this time. |
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| Other |
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Total Votes : 40
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(last vote on : 10/4/2008 6:23:31 PM)
(Poll will run till: -- )
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RE: Be Honest - 10/3/2008 11:08:41 AM
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mrtigger
Posts: 300
Joined: 4/12/2005
Status: offline
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quote:
ORIGINAL: Pat-rebel_lady
If you were a member of Congress; either in the House or Senate, right now; What would you do; How would you vote?
I would vote for it. I believe doing nothing is actually as bad as they say it is. I believe doing nothing would likely lead to a nationwide banking system failure.
The FDIC has around 50 billion in assets that cover I think somewhere around 5 trillion deposits. It cannot cover all the losses if nationwide banking system failure occurred. Presumably, the gov would have to step in and cover the rest. So, it's taxpayers either pay 700 billion now or trillions later if they do nothing.
I will say though if I was in charge, there would be punitive measures included in the bailout as well. I think we have to clean the mess up but we don't have to let those responsible for creating it off the hook. As it stands right now, it will just be a slap on the wrist and a few token prosecutions but most of the guilty parties pretty much just walk away from it. The bailout would be a lot more acceptable if the morons in charge would include punitive measures or at least promise us that there would be later investigations & punishments for those responsible for it.
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mr tigger
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RE: Be Honest - 10/3/2008 11:21:08 AM
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revbob4God
Posts: 602
Joined: 7/25/2008
Status: offline
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What a mess, let us pray...
Ironically, some people in Ohio are jokingly referring to voting as a privilege because a lot of them can't afford to purchase gas for their cars to even get to the newly reorganized polling sites.
Regarding voting in general, I just hope that they do not encourage the senior citizens who man the polls at our precinct to try and approach people and verbally offer assistance while voters are trying to vote as they did last election. The end result was that my wife ended up making a formal critical inquiry to the board of elections about voters being harassed while trying to concentrate on the ballots they were casting. I only hope this has been taken care of by the time we vote next month.
By the way, I was somewhat impressed with Governor Palin's participation in the Vice-Presidential Debate last night.
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For thus saith the Lord that created the heavens; God himself that formed the earth and made it; he hath established it, he created it not in vain, he formed it to be inhabited: I the Lord; and none else.
Isaiah 45:18
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RE: Be Honest - 10/3/2008 2:43:20 PM
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ezri
Posts: 2907
Joined: 3/31/2005
From: Somewhere Over the Rainbow, Point B, NC
Status: offline
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I would say no to what they have greased up to pass at present. What are the guidelines? how many folks back pockets(not mine) are going to be fatter thanks to this bulked up bailout?
Something needs to be done- yeah- but it needs to be the right thing not just something so we can say we tried.
I am no economics scholar but when banks are loaning 60 and 70,000 to 80+ yo women they know cannot repay the loan then they need to be taken out behind the woodshed and disciplined not put on Federal Economic Outpatient Care.
Banks have been at this sort of thing for years. I can remember being the stay at home mother of 3 married to a Army SGT that still could have qualified for Food stamps and having the mortgage broker tell us we qualified for a 200,000 mortgage. We had done our math and KNEW what kind of monthly payment we could afford and it was no where NEAR the payment on 200,000. some folks would rip their arm off at the chance though... obviously a lot have. This goes a lot deeper than greedy bankers, this truly extends into the depths of our own greedy hearts. We did not take the 200,000 mortgage but we still have lots of other material things we hold onto tightly. We cannot blame the banks- if we each take full responsibility for our own money and doing our own math (it isn't that hard really) then we would not be in this mess.
Sure some one is going to come up with the increase in gas and other goods causing issues. Yeah, we are feeling that ourselves but we are cutting back. Some things are not required. The commercials on TV lie folks. We are not owed anything by anybody. We do not "deserve" to have a new car every 2 years. The family vacation at Disney is not mandatory. a 3000 sq ft house is not a must have. A job that provides food, warmth, and shelter is. some folks just don't get it--- unless it is on credit...
it is not a congress, a house, or even a presidential issue- it is a heart issue. One know I struggle with daily.
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*only* 8,985,600,000,000,000 Nanoseconds til I get to touch him again---
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RE: Be Honest - 10/3/2008 3:01:47 PM
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GroupW
Posts: 2907
Joined: 11/16/2007
From: Up in the hills of Colorado (very BIG hills...)
Status: offline
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quote:
ORIGINAL: backrowbaptist
I don't know about y'all, but I take offense that the same politicians that helped cause this mess are rheorically blackmailing us by telling us that if the bailout doesn't pass, it will be the Great Depression all over again. Like it's our fault, or the fault of the congressmen who listened to their constituents and voted it down.
This crisis scares me spitless, but the political power grab and lack of accountability scares me more.
[Edited by moderator - TOS 5]
If it helps your spit any, the lack of accountability was addressed pretty well in the final bill. You've got congressional oversight, opportunities for judicial review, GAO audits of effectiveness, etc.
_____________________________
“For every problem, there is a solution that is simple, elegant and wrong.” -H.L. Mencken
"Most people would rather die than think; in fact, they do so." -Bertrand Russell
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RE: Be Honest - 10/3/2008 3:05:58 PM
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TheosCentric
Posts: 1959
Joined: 2/26/2006
Status: online
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quote:
ORIGINAL: GroupW
quote:
ORIGINAL: backrowbaptist
I don't know about y'all, but I take offense that the same politicians that helped cause this mess are rheorically blackmailing us by telling us that if the bailout doesn't pass, it will be the Great Depression all over again. Like it's our fault, or the fault of the congressmen who listened to their constituents and voted it down.
This crisis scares me spitless, but the political power grab and lack of accountability scares me more.
[Edited by moderator - TOS 5]
If it helps your spit any, the lack of accountability was addressed pretty well in the final bill. You've got congressional oversight, opportunities for judicial review, GAO audits of effectiveness, etc.
And lots of pork...
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"Missions exists because worship doesn't." -- John Piper, Let the Nations be Glad
God at the Center
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RE: Be Honest - 10/3/2008 3:10:46 PM
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GroupW
Posts: 2907
Joined: 11/16/2007
From: Up in the hills of Colorado (very BIG hills...)
Status: offline
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quote:
ORIGINAL: TheosCentric
quote:
ORIGINAL: GroupW
quote:
ORIGINAL: backrowbaptist
I don't know about y'all, but I take offense that the same politicians that helped cause this mess are rheorically blackmailing us by telling us that if the bailout doesn't pass, it will be the Great Depression all over again. Like it's our fault, or the fault of the congressmen who listened to their constituents and voted it down.
This crisis scares me spitless, but the political power grab and lack of accountability scares me more.
[Edited by moderator - TOS 5]
If it helps your spit any, the lack of accountability was addressed pretty well in the final bill. You've got congressional oversight, opportunities for judicial review, GAO audits of effectiveness, etc.
And lots of pork...
Unfortunately.
That's how congress works anymore. Any bill that's deemed as a "must pass" bill gets dog-piled with special requests. Seems like there are some basic rules that could be followed to avoid that, but that's just me. Apparently the congressmen in charge of setting those rules know more than I do. 
_____________________________
“For every problem, there is a solution that is simple, elegant and wrong.” -H.L. Mencken
"Most people would rather die than think; in fact, they do so." -Bertrand Russell
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RE: Be Honest - 10/3/2008 6:00:24 PM
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davemiller7
Posts: 1060
Joined: 3/5/2008
From: NC via NY
Status: offline
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Once upon a time, way back in the old days, the banks wouldn't loan money on a house if the payments would exceed something like 25% of your income. Guess that's been thrown out the window now.
quote:
ORIGINAL: ezri
I am no economics scholar but when banks are loaning 60 and 70,000 to 80+ yo women they know cannot repay the loan then they need to be taken out behind the woodshed and disciplined not put on Federal Economic Outpatient Care.
Banks have been at this sort of thing for years. I can remember being the stay at home mother of 3 married to a Army SGT that still could have qualified for Food stamps and having the mortgage broker tell us we qualified for a 200,000 mortgage. We had done our math and KNEW what kind of monthly payment we could afford and it was no where NEAR the payment on 200,000. some folks would rip their arm off at the chance though... obviously a lot have. This goes a lot deeper than greedy bankers, this truly extends into the depths of our own greedy hearts. We did not take the 200,000 mortgage but we still have lots of other material things we hold onto tightly. We cannot blame the banks- if we each take full responsibility for our own money and doing our own math (it isn't that hard really) then we would not be in this mess.
_____________________________
-Dave
The Prayer of Protection
The light of God surrounds me,
The love of God enfolds me,
The power of God protects me,
The presence of God watches over me.
Wherever I am, God is.
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RE: Be Honest - 10/4/2008 2:03:14 PM
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galadriel2
Posts: 293
Joined: 6/5/2008
Status: offline
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I said that I would vote 'no' on any plan.
...Has anyone noticed how drasticly and quickly the price of gas has gone down because of the fall in the stock market and credit industry? Seems to me that that is just about the best thing that could happen for 'main street' - the price of gas to go down.
God bless all a lot,
Galadriel2
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RE: Be Honest - 10/4/2008 2:12:43 PM
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galadriel2
Posts: 293
Joined: 6/5/2008
Status: offline
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As far as retirement plans, God's will is that people save (this is in Proverbs somewhere - have sheep for provision when you're old, etc., etc. - you work out the modern application of the principle), and also that the parents provide for the kids when they are growing up and then when the parents get old the kids provide for them. This is found in 1 Timothy where Paul is talking about widows and taking care of them. The church has listened way too much to Charles Schwab (sp?) and other companies like them, rather than to the Lord on this issue of retirement. The stock market is a sophisticated form of gambling.
God bless,
Galadriel2
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