Bailout Plan? | Arthritis Information

Is there a discussion about the bailout? What's everyone feeling about that?

All of the Senators where going to cast there votes. That was the last I heard. They where going to require more insurance. 250,000.00 instead the 100,000.00 as in the past. So that we are sure our money is safe in the bank.

Worries me that the goverment is worried about reasuring us about the safety of our money. Am I wrong? Not that i am panicing. But I did have to say what?

Guess they were saying we were under insured but thay are addressing the issue. I will let you know if i read anything. I just figure it will pop up on the news page soon. I don't think i missed it but i have been busy.

I'd like to know if Obama's 4 points were taken. The last having my most interest - will the CEO's be forced to give back their ill gotten gains.

Pip

No; I know what happened with the bill...I was just curious what everyone thought of the bill in general. For or against.....and why.

I know that something had to be done....I definately admit that there's a finacial crisis; but I feel like it's too much. So much unnessary stuff is tacked in there.

Alright. They say no one of course thinks it is the perfect bill. It was the only bill. It needed to be passed. You have to give a little here and there to make everyone happy.

Trying to take note from past history and get something in action before it is to late.

My opinion is i hope it works. I hope it helps. I still believe we are all in for a rough go of it.

too bad they couldn't pass a bill without adding 0 bil in porkYes and the worst part of it, it is making me hungry. I am going to totally stuff my face with junk food and blame this on them.

In south geogia they have some of the number one pork places in the nation. Nearest the court house is i think number one. But i am in Illinios so. I guess i will pig out on pasta.

Well Lovie, they are telling us that this had to be done to keep us from slipping into a depression but on the other hand, they say it is just a bandaid type fix so I don't know. I'm a bit concerned. They added pig fat to the bill, lol. Some company in Oregon got money for their wooden arrow business and some other small businesses got some help around the country. Not sure how they picked those few businesses but they did. I could use some help

Once the bill was signed by all and passed on Friday.. the market dropped the 240 points it was up on the day and ended up overr 100 negative... IDK how much faith the bill has given investors ???? which is what they said it would do...

and as far as the b.s. pork!! I am furiously angry and want to know "who" added that crap!!!

found it! http://www.usatoday.com/news/washington/2008-10-02-bailout-rescue-pork_N.htm?csp=34

IN order to entice those in opposition.... things were added to lure their votes... it's sickening!!! "buying" votes........

read:

Revised financial bailout bill dangles pork to lure votes

By John Fritze and Kathy Kiely, USA TODAY

WASHINGTON — For most, race cars have little to do with the 0 billion economic recovery plan lawmakers will consider Friday. But in Congress, they could make a difference.

That's because Rep. Frank LoBiondo, R-N.J., who voted against the bailout, now must decide on a revised bill that carries a tax break for owners of motorsports complexes, a proposal he has supported in the past.

From income tax breaks that could affect millions of Americans to tax breaks for racetracks, the economic recovery bill scheduled for a vote Friday is loaded with provisions that may tempt House members who previously voted "no" to change their mind.

Tax breaks for fishermen harmed by the Exxon Valdez oil spill in 1989 are supported by Rep. Don Young, R-Alaska, who voted against the bailout. And subsidies now included for people who bike to work are backed by Rep. Earl Blumenauer, D-Ore., who also voted "no."

Still, Blumenauer said, "It's real hard for me to justify changing" his vote.

"It's a very transparent attempt to buy votes on a very controversial piece of legislation," said Tom Schatz, president of the watchdog group Citizens Against Government Waste.

The bill generally extends tax breaks already in effect. If approved, the breaks may increase budget deficits by 7 billion over the next decade, the non-partisan Congressional Budget Office estimates.

House leaders said the perks will improve the bill's chances, but few members would say for certain if the sweeteners will persuade them to switch their vote, and others hinted they will not budge.

"That is why things are … added to bills, to get other people on," House Majority Leader Steny Hoyer, D-Md., said Thursday.

LoBiondo, whose district includes the New Jersey Motorsports Park, is "paying very close attention" to the Senate changes, said spokesman Jason Galanes.

Rep. Lee Terry, R-Neb., represents a state where flood victims would get tax relief under the bill. Lisa Ellis, Terry's spokeswoman, said "at this point he's voting yes" not because of the tax breaks but because it would increase federal deposit insurance to 0,000.