okay what's the difference between the senate bill and House bill for bailout?

[redirish28]

[Zenlitened]

1. About 350 pages.

http://banking.senate.gov/public/_files/latestversionAYO08C32_xml.pdf

[dixiegrrrrl]

2. devil is in the details.

Senate threw in huge capital gains tax cuts for the fat cats, for the next 2 years, so they can make huge taxless profits.

[ogneopasno]

3. Tax cuts and other corporate incentives.

It stinks. It's worse, for us, than the House bill.

[liberalmuse]

4. This bill is crappier...

they added junk like tax cuts for corporations to get the 'pubs on board. Well, I guess we'd better stock up on this stuff:

[mrJJ]

5. were screwn

mark to market... BIG mistake
ENRON accounting lives

Mark to market for dummies
http://www.bellaonline.com/articles/art52952.asp

Subprime for dummies MS powerpoint req
http://marktomarket.typepad.com/marktomarket/files/financial_crisis_for_dummies.pps

Mark to market for dummies
http://www.bellaonline.com/articles/art52952.asp

[redirish28]

6. So that's why my wife is shaking her head sighing... We are *ucked to hell and back".

[seafan]

7. The Senate bill is worse. It includes tax breaks for businesses, and other "sweeteners"

to coax House Republicans to vote for it. Damn them for giving Bush everything he wants, yet AGAIN.


Instead of working on a brand new bill, aimed at financial support from the bottom up, i.e. THE PEOPLE, Reid pushed through more pork and giveaways to the perpetrators, including the pirates on Wall Street and certain members sitting in plush seats in the House, licking Bush's boots for the past 8 years.


We the people mean NOTHING to this Congress. With very few exceptions, this Congress is of Big Business, by Big Business and for Big Business.


But, hallelujah, my senator, Bill Nelson of Florida voted NO. I simply CANNOT believe my eyes. And he's not even up for re-election until 2013.


I will never understand why these Congresspeople fall all over themselves to bail Bush out over and over and over and over, when he has ripped their guts out and left them stinking on the side of the road for the past eight years.



Here is the link to the Senate vote tonight.