At least 14 members will change their vote on the bailout --KEEP CALLING!

[antigop]

http://thehill.com/leading-the-news/at-least-14-members-will-change-their-votes-on-bailout-2008-10-03.html

Proponents of the massive financial rescue plan are expressing optimism that the House will pass it on Friday.

At least 14 members who voted no on Monday have indicated that they will approve of the package that will be voted on on the House floor early Friday afternoon, according to interviews and a review of media reports.

Members who have publicly suggested that they will approve of the new compromise include Democratic Reps. Shelley Berkley (Nev.), Emanuel Cleaver (Mo.), John Lewis (Ga.) and Hilda Solis (Calif.) and Republican Reps. Gresham Barrett (S.C.), Howard Coble (N.C.), Jim Gerlach (Pa.), Tim Murphy (Pa.), Jim Ramstad (Minn.), Ileana Ros-Lehtinen (Fla.), John Shadegg (Ariz.), Lee Terry (Neb.), Patrick Tiberi (Ohio) and Zach Wamp (Tenn.).

All 14 voted no on Monday.

[rolleitreks]

1. Good. n/t

[paparush]

2. Just got off the phone with my Rep's office (Shuler -NC) he's keeping his NO vote!

woot!

[antigop]

9. Great! n/t

[MadrasT]

3. Oh no. Gerlach is my rep. Aw shit. Time to call.

[TwilightGardener]

4. No--this needs to pass.

[antigop]

10. Oh, good grief! -- Sorry, pal---IGNORE. n/t

[LSK]

13. ignore Krugman also

http://krugman.blogs.nytimes.com/2008/10/02/the-hold-your-nose-caucus

[antigop]

17. You need a more substantive argument than Krugman --

ttp://www.credoaction.com/sirota/

Note to bailout/Obama apologists: You are going to have to get a different substantive argument other than saying "well, Paul Krugman supports it so I guess it's good." You would do well to actually read what Krugman has said, which is that: "To this day have never been able to explain clearly why buying up bad mortgage assets at market prices will solve the credit crunch...The Wise Men, as far as I can tell, have never had a clear idea of what they're doing.

[LSK]

20. did you hear that STATES cannot get loans now?????

:shrug:

[antigop]

go back and READ post# 17. STOP THE CRAZY-OCRACY! VOTE NO ON BAILOUT n/t

[Marrah_G]

15. Ignore me too then !

[antigop]

18. Do your homework. ---IGNORE n/t

[Marrah_G]

21. I have- now go take your own advice. n/t

[Renew Deal]

19. That's not fair.

Comeon

[MrCoffee]

5. Cowardly craven bastards

[itsrobert]

6. It's working. I called. It might be too late for me. But we need this bill.

Thanks for the update.

[wundermaus]

8. Do you want the United States to assume trash investment from

Foreign companies and corporations? Is that what you REALLY think? We, the People of the United States of America need to capitulate to Extortion?

http://www.youtube.com/watch?v=GqIFoBXGizc

[antigop]

11. Unbelievable, isn't it? We live in a "crazy-ocracy"

http://action.credomobile.com/sirota/2008/10/bailout_as_proof_of_americas_c.html


http://www.rockymountainnews.com/news/2008/oct/02/ex-treasury-secretary-oneill-says-bailout-plan/

[girl gone mad]

27. I think many people are in denial..

about the root cause of this crisis, the true size of the derivatives market, and the action needed to help.

They also have forgotten history.

[lamp_shade]

7. I will. I will. I want to see at least 20 repubs change their votes to yes.

[Ah Xoc Kin]

12. what people need

is an online fax service with some letters they can use
or make themselves
for times like this

[antigop]

14. Use the Windows fax facility -- if you run Windows

http://www.microsoft.com/windowsxp/using/setup/learnmore/crawford_02october21.mspx

[Marrah_G]

16. This needs to pass

[antigop]

22. THIS SHOULD NOT PASS!

http://www.rockymountainnews.com/news/2008/oct/02/ex-treasury-secretary-oneill-says-bailout-plan/

Former U.S. Treasury Secretary Paul O'Neill said the $700 billion bank-rescue proposal under negotiation in Washington is "crazy," with potentially "awful" consequences for the world's largest economy.

"Doesn't this seem like lunacy to you?" said O'Neill, who was President George W. Bush's first Treasury chief, from 2001 to 2002, in a telephone interview Wednesday. "The consequences of it are unbelievably bad in terms of public intrusion into the private sector."

O'Neill's objections mirror those of Republicans in the House of Representatives who rejected the plan in a Sept. 29 vote. The former Treasury chief said he lobbied for an alternative solution that would offer guarantees for troubled assets, stopping short of purchasing the debt.

"Is anybody thinking there?" asked O'Neill, who also served as deputy budget director in the Ford administration. "It's too late, it's not going to make any difference and it's aggravating as hell when there's a better idea and you can't even get it in play," he said.

[antigop]

23. the bailout proponents .."have never been able to explain clearly why buying up bad mortgage assets

at market prices will solve the credit crunch...The Wise Men, as far as I can tell, have never had a clear idea of what they're doing."
http://www.credoaction.com/sirota/

Note to bailout/Obama apologists: You are going to have to get a different substantive argument other than saying "well, Paul Krugman supports it so I guess it's good." You would do well to actually read what Krugman has said, which is that: "To this day have never been able to explain clearly why buying up bad mortgage assets at market prices will solve the credit crunch...The Wise Men, as far as I can tell, have never had a clear idea of what they're doing."

[LSK]

24. The hold your nose caucus

Aha. Via Andrew Leonard, Joe Sitglitz seems to have the same view on the bailout that I have: lousy plan, better to pass it tomorrow than not:

Well, I think it remains a very bad bill … But that having been said, it is better than doing nothing, and hopefully after the election, we can repair the very many mistakes in it.

Yuk, phooey, pass the thing, then fix it.

And Roubini: He says,

-

Radically redesign the Treasury TARP rescue plan – possibly after its necessary approval today - to make it effective, efficient and fair.

Basically, Paulson has placed us all in a miserable predicament, with a lousy plan that has to be passed in some form to prevent total panic. Jan. 20 won’t come a moment too soon, and may well come about 4 1/2 months too late.

http://krugman.blogs.nytimes.com/2008/10/02/the-hold-your-nose-caucus

[antigop]

26. You need a more substantive argument -- see post #17--VOTE NO n/t

[girl gone mad]

30. It's unlikely too..

But congress can pretend that they did something.

[antigop]

25. Ex-Treasury secretary O'Neill says bailout plan 'crazy', 'lunacy'-- stop the crazy-ocracy -- VOTE NO

http://www.rockymountainnews.com/news/2008/oct/02/ex-treasury-secretary-oneill-says-bailout-plan/

Former U.S. Treasury Secretary Paul O'Neill said the $700 billion bank-rescue proposal under negotiation in Washington is "crazy," with potentially "awful" consequences for the world's largest economy.

"Doesn't this seem like lunacy to you?" said O'Neill, who was President George W. Bush's first Treasury chief, from 2001 to 2002, in a telephone interview Wednesday. "The consequences of it are unbelievably bad in terms of public intrusion into the private sector."

O'Neill's objections mirror those of Republicans in the House of Representatives who rejected the plan in a Sept. 29 vote. The former Treasury chief said he lobbied for an alternative solution that would offer guarantees for troubled assets, stopping short of purchasing the debt.

"Is anybody thinking there?" asked O'Neill, who also served as deputy budget director in the Ford administration. "It's too late, it's not going to make any difference and it's aggravating as hell when there's a better idea and you can't even get it in play," he said.

[King Coal]

28. Listen to Buffet. You have no substantive argument. Vote yes.

[antigop]

29. Buffett got preferred shares and 10% dividend -- We get trash-- VOTE NO ON THE BAILOUT! n/t

[TahitiNut]

33. It's insane. Like dealing with the Titanic by ....

... giving the owners, captain, and crew all your money and jewelry and sending them off in the only lifeboats while everyone else goes down with the ship.

Totally insane.

[antigop]

34. EXACTLY! VOTE NO ON THE BAILOUT! n/t

[antigop]

31. No one has explained how the bailout bill will help the credit crunch. NO ONE. VOTE NO! n/t

[balantz]

32. Keep Calling! And email this information to your contacts. n/t

[Waiting For Everyman]

35. Easiest and stupidest stick-up of all time.

[antigop]

36. REPEAT:NO ONE has explained why buying up bad mortgage assets at market prices will solve the crunch

n/t