Bailout is a trojan horse. They present a bill that has no oversite, etc.

[OregonBlue]

Instead of questioning the entire premise, the Dems jump in to fix the bill they were presented. I bet they knew all along this would happen. Scream fire and don't give the Congress time to really think about it. It's worked so well in the past. They've been working on this for months.

Dems should have looked at this bill and said, no dice, we'll design our own bailout thank you!!

[Kitty Herder]

1. I agree. nt

[Eric J in MN]

2. Yes. The problem with compromising with Republicans...

...is that their proposals may be fundamentally wrong.

[MercutioATC]

3. Exactly! Regardless of how much Dems altered it, this is BUSH'S plan.

There are better ways to do this...some of which might actually solve the problem.

[Tallison]

4. Paulson's plan was 3 pages; the Dems' is over 100

97 of which provides oversight. They changed it a lot.

[OregonBlue]

6. But was the original concept sound? Probably not since it came from the same

group of thugs who got us into this mess.

[slipslidingaway]

8. Exactly !!! n/t

[Tallison]

9. Providing liquidity to the credit market is the absolute crux of restoring it to function

Dems and Repubs agree on that; what they disagree on are the conditions under which it's dispersed. As a majority, Dems have the negotiative uperhand, hence the 97+ pages of conditions.

[nadinbrzezinski]

13. Have you read the bill?

If you had you'd see THERE IS CONGRESSIONAL OVERSIGHT

There was NONE under the three pages of the Paulson Plan

Ideology trumps facts I guess

[Eric J in MN]

7. The OP is implying the Bush wanted $700 billion and presented...

...a plan with no oversight expecting Congress to say:

We'll give you the money, but we're adding oversight.

If Bush had started by giving Congress a draft asking for $700 billion with oversight, then maybe Congress would have said no.

[Tallison]

10. I think you underestimate the intelligence/integrity of Congressional Dems nt

[liberalmuse]

5. Exactly.

The changes are meaningless and do NOT benefit Main Street. This bill still is aimed towards Wall Street. The CEO's and bankers may not get huge golden parachutes, but they are still going to be rewarded with nice salaries, rather than punished for this mess. I'm outraged! I downloaded the bill last night. 110 pages of shit.

On edit: The 'oversight' is meaningless, really. Bush and Paulsen get exactly what they wanted in the first place, and token 'oversight', meant only to appease the unwashed masses, but it's not much different from the original Paulsen proposal. Here's a link you might want to check out:

http://www.clusterstock.com/2008/9/analyzing-the-bailout-what-s-in-it-anyway-

[lib2DaBone]

11. The Bankster/Gangsters pay very little income tax....

Large numbers of the Super-Wealthy take very little pay here in the USA, and instead have stock options and stock itself paid in the Cayman Islands. They 'age' this money for a year then live on the repatriated funds (brought back to the US) taxed at a nominal 15% long term capital gains rate rather than paying the "graduated income tax" appropriate to their actual income levels.

Guess who gets stuck with the higher tax rates Mr & Mrs Taxpayer?

This Bill as proposed will let corporations that have nothing to do with housing to bring their money back at essentially zero capital gains. Is this a sweet deal or what? So yes, let's hurry up and pass this Bill as presented by Bush before anyone wakes up long enough to figure out what is going on. Must pass.. right now.. today... the sky is falling... horror... fear... hurry.. hurry...

[golddigger]

12. Obama is for it. No need to worry. Everything is alright. We all need to

follow our leader on this.

[lib2DaBone]

14. I agree. And I think it's been said...The Dems are being sucked in...

The Dems are going along with this due to the few small bones they are being thrown... in the hopes that they will get some foreclosure relief. The 'people' are going to get nothing from this compared to what the Banksters are going to get. Mark my words.. any Dem that votes for this will be thrown out of office and Bush will laugh all the way to the bank.