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Senate approves Wall St. bailout
- Text size
Steven Edwards And Sheldon Alberts
National Post
October 2, 2008
WASHINGTON – The U. S. Senate last night approved a US$700-billion financial bailout package, a move that could lead to full congressional approval tomorrow.
- A d v e r t i s e m e n t
The new version of the plan, the original of which was rejected by the House of Representatives on Monday, adds “sweeteners” in the form of tax breaks and a higher limit for insured bank deposits in a bid to make it more palatable to conservative Republicans.
President George W. Bush described the Senate plan as “different” and “improved,” and again warned that there was an urgent need to pass the bill to stop a global financial crisis.
The House rejection of the bill on Monday rocked markets, and U. S. officials say the bailout is vital to restoring confidence in the financial system, where clogged credit markets are already slowing the day-today running of the economy.
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October 2nd, 2008 at 8:55 am
We are so out for ourselves, that despite the good of the bill if not passed, or the bad of it if passed, matters not to the typical worker. He’s more worried about his own ass, that the future of a country is not their concern, nor do they care.
All my friends are believers of the chicken little tactics. The sky will fall if we don’t pass this.
Although, my words fall on deaf ears, I try to educate them that that is far from the truth. The truth is that their system will fall, the banks and financial businesses will fall. But the economy will bounce back after time. What won’t bounce back is the Federal Reserve System, and the people who orchestrate it’s movements of inflation and deflation so to continue to rob the American people. If we didn’t pass this bill, in the next 4-6 months their ponzi scheme would come to an end, but we will as the stupid people we are, and with the help of the corrupt Congress we have in place, will allow them to destroy our nation until there is nothing left to steal.
Fools, all of us. Fools.
October 2nd, 2008 at 9:07 am
It doesn’t matter how many times this bounces back and forth between the house and the senate, either way the taxpayers get screwed, not only picking up the tab but rewarding corporations for making bad choices. The best thing they can do with this bail out bill is burn it. Yes the economy is bad but you can’t put a band-aid on a broken leg and expect it to get better. The “huge” failure on Wallstreet the day after the bailout plan failed in the house was due to the super rich few investing money in the market expecting the bill to be passed, when it did not get passed all hell broke loose. The rich didn’t get richer how sad (worlds smallest fiddle) I think the mainstream media is overplaying the market drop to try to get more taxpayers to submit to the overlords by more and more scare tactics. $700 billion this week…..who knows how much more in the future.
October 2nd, 2008 at 9:10 am
vote the bum swindlers out !!!!!!!!!
http://www.youtube.com/watch?v=gf6xadMwGz0
October 2nd, 2008 at 9:13 am
Gentlemen if you didn’t act like cash whore’s we wouldn’t be in the shit “we’re” in , in the first place correct? Spend some of the cash your hoarding would be a better idea.
Acting like descent , honest human beings “On Wall Street” is what is gonna save us.. And maybe those boy’s on the Street should stop doing all that blow
it’s making them just a little bit sick in the head. Honestly
October 2nd, 2008 at 9:13 am
I DONT KNOW NOTHING
EXPLAIN?
OH YEAH JOIN THE KILLUMINATI!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
NOW I AM THE FIRST TO BRING IT OUT THERE
I PROMOTE PEACE AND UNITY
October 2nd, 2008 at 9:21 am
The BBC reported last night that our Senate is the older more seasoned and wiser branch of our Government. They reported that the market decline that followed the House’s decision has overwhelmingly changed the public’s opinion and we are all now in favor of the bailout.
Write your Congressmen and monitor their votes. Just about all the seats in the House are up for re-election. Let We, The People, start kickin’ ass and takin’ names!
October 2nd, 2008 at 9:23 am
A Letter to my Representatives:
Please DO NOT support the proposed financial bailout. During 2006-2007, I waged a one year Sarbanes-Oxley court battle with mortgage behemoth Wells Fargo after they retaliated against me for refusing to write inflated and fraudulent appraisals reports. I lost my business, my home and my wife during this time of my life. For our country to evolve, moral and ethical people must take back our government and court system and free it from the hands of corruption and greed that now hold it. The country must now pay the price for the crimes of the greedy. Yes, we will not like it but maybe, just maybe, we will come together for real reform this time.
Sincerely,
Gary E. Geraci
Austin, TX
http://afederalwhistleblowerstory.blogspot.com
October 2nd, 2008 at 9:27 am
__________________________________________
http://www.ExposingChristianity.com
The pen is mightier than the sword.
- Everything in Christianity has been stolen from religions predating it by hundreds to thousands of years.
- Judaism, Christianity and Islam are all programs to keep spiritual knowledge away from the populace in order to keep humans enslaved by the global elite.
- Nearly everything in the bible consists of symbolism, allegories and twisted truths that are to be taken literally by the masses.
- Contrary to what most people have been indoctrinated with, Judaism, Christianity and Islam are relatively new religions. Humanity goes back tens of thousands of years. These three have worked relentlessly to keep us from spiritual knowledge and using this power, of which all of us have.
- The survival and prosperity of this vicious hoax on humanity requires only ONE thing- A LACK OF KNOWLEDGE!
October 2nd, 2008 at 9:30 am
Here is why it won’t work, they know it, which is what worries me:
http://tomasestradapalma4today.blogspot.com/
October 2nd, 2008 at 9:39 am
The way the Senate went about this is completely unconstitutional. The house of Representatives are supposed to draft the legislation, then vote on the legislation. If approved the bill is passed on to the Senate house, and they may ammend it and send it back to the house of Represenatives for another vote. The Bailout bill was voted down in the house of Represenatives already. The Senate pulled ‘an end around’ the Constitution by attaching their (Senate) 310 page bill to a bill that had already been passed by the house of Represenatives. The Senate will exert a hugh amount of pressure on the Congressmen and Congress women to pass their “new” bill. The house will likely be put back under Martial Law, and they will probably try to pass it in the dead of night when the majority against may not be present for a vote. Another trick is the Senators will tell the Represenatives that voted no a few days ago that the “new” bill has addressed their concerns, and corrected them. These Represenatives aren’t going to have time to read and study over 300 pages of legal text. They would need lawyers to closely examine rvery word and phrase written in this “new” legislation. This is completely illegal, just as the Patriot Act, in which no Represenative had time to even read it, if they could even get their hands on it. These pieces of legislation were written by think-tanks months and years ahead of time, and they are introduced when the right opportunity presents itself. It is all so corrupt, it makes me think I am living in some kind of la-la land. This reality is insane, and to understand it brings one to the edge of insanity. To understand the New World Order is esoteric and convoluted, but possible. Just don’t try to make sense of it all, because it is created in the minds of madmen.
October 2nd, 2008 at 10:11 am
The way #1 described it is exact. Kudos to you my friend.
Besides a small handful of my friends, all of my other ones call me loony, stupid, weird, crazy. But while they go into the the shock and awe propaganda that CNN and other news corp’s deliver, me and my short handful of friends know the truth. The mission for our minority is simple; deliver the message, the same message Paul Revere sent out, and the same ideas that our forefathers wished to achieve.
October 2nd, 2008 at 10:19 am
A MONEY-FREE ONE-WORLD UTOPIA
Look to the sky Alex. We don’t all have to accept this cancerous-money world and die:
We have the technology. We have the wave. Add something new to push out the old dead-to-life days. Money must be eliminated. It causes too much pain.
Births and auras and histories are reviewed. A plot of land and a mission to each new group.
Like-minded people are brought together, but some diversity is observed so that people don’t fall into a mindless herd.
Your new group has a loosely-attuned mission and its own banner flag. This way, we all live for something dear to our hearts, and our talents won’t waste away or be nagged.
Many will be willingly grouped as farmers, but we can all receive well-worded instruction to grow our own food. And as our groups have their own banner and plot of land, so many will have the drive too.
Currently hidden technologies will account for many other things, like free electricity and clean water, and fast traffic-jam free transportation.
Groups will be encouraged to mingle and learn from each other, and if your heart is truly swayed by another, you will be given the freedom to move.
And what if you are married and have young or old ones in your family? There is a free place for you too — a like minded group of a few other families, so the children can play and learn together, and their hearts can move freely to what future path they choose.
And what of infrastructure? Won’t it deteriorate?
That can be remedied too. New ideas from like-minded infrastructure groups. But also, supply depots and a charge for your group to maintain its own ground. That’s why diversity is important, so you’re not stuck with a dirty, lazy few.
Plumbing might be the only real headache, but let us look to technology, make no mistake. Water can come from the air or deep underground. Hot showers may or may not be a thing of the past, but a hot bath is certainly not unsound.
But just imagine the overcompensating joy of living for your heart, not the mass crowd!
This is not old communism. This is populations uprooted and rearranged, so that hearts might break free and for people to be truly happy. It will only be stressful for a few weeks and days, but technology will still allow for contact to old family and personal visits all the same.
Yes! It is here and possible! We can have a world with very little suffering. For we are communal creatures, and this is the way to go where we feel at home. This is a way to reach for the stars with your new friends and some of your old crones.
Money is gone — we now live for our missions and for our collective joy.
All violence, theft and lies are heavily dissuaded. But with a place to call home and no more cancerous money, much evil will be destroyed.
Give a little and receive a lot. This change will happen with or without you, good-old boys.
October 2nd, 2008 at 10:22 am
The sky is falling, but giving them your money is not going to save us.
I liked being reminded of the Phill Gramm bill and Clinton steps that laid the foundation for Bush and Neocons.
This has been in the works for a long time. The only way out is to say “Hell No!!!, We are not going to take it anymore!!”
If they do pass it, then we need to strike.
October 2nd, 2008 at 10:25 am
QUOTE >>> Robert A. Says:
It is all so corrupt, it makes me think I am living in some kind of la-la land. This reality is insane, and to understand it brings one to the edge of insanity. To understand the New World Order is esoteric and convoluted, but possible. Just don’t try to make sense of it all, because it is created in the minds of madmen. <<<
amen to that!
October 2nd, 2008 at 11:02 am
Nat Kelleher, you forget that even with money ruthless men and women have been enslaving the weak and poor to feed and work for the rich. Do you really think when all our power as Americans are STOLEN that they are just going to say, ” Yeah no more money. Hey everyone don’t work, lets all live the utopia that we created. BULLSHIT!!! They will continue to enslave YOU and never let you express yourself freely. You will be the shit stackers and organizers of their joy. You are so dolluted to think that money was the whole problem. Money is not the root of all evil. The Love of money is the root of all evil. Removing a dollar bill will not remove evil from the minds of these people. ABOLISH THE FEDERAL RESERVE!!!
October 2nd, 2008 at 11:16 am
Hi everybody. I come here everyday and post at least once a day. I also read all of your posts for inspiration and let me tell you its much more than any bible or other source has ever done for me… I am always introducing this site to friends, family and people I meet on the street daily… Its great… I have friends of friends bringing up the issues learned of on this site in conversation and its funny because then I know that the people I introduce to this site are introducing others to it and it eventually comes back around… I am doing my part and Im sure you are all doing the same and it feels so good to be a part of this historic movement… Which brings me to the point. My band, The Hand of Glory is also working hard to get this message out to youth around the world. We have a chance to do a really big show, but we need votes to be able to get on the stage. Please,… it only takes about 5 seconds to cast your vote for us .. http://blog.metal-hammer.de/15…..or-slayer/ We are also active military stationed in Germany and trust me, we will do the right thing when that day comes… Thank you so much for your support… WE WILL STAND TOGETHER, TIME AFTER TIME…
October 2nd, 2008 at 11:19 am
Nothing is Over, this is Just the start. Now is the time for men to come to the Aid of Our Country.
Let the Revolution BEGAN.
Washington Beaurocrats First
This is the Only Answer.. The ONLY ANSWER,..
October 2nd, 2008 at 11:20 am
Let me preface this by saying that I am Canadian, not American.
But if there were ever a time in my life that I feel American, it’s right now, as I write this.
Ever since 9/11 I felt, more than any time before that, that my American neighbours had been viciously cheated. When I saw bodies falling from the twin towers, I realized just how pointless and stupid things like national rivalries and hubris and American/Canadian jokes really are. With that came the sobering realization that our destinies are more aligned than many of us care to think.
I’ve been following the trail of ________ group’s (I leave a blank because no matter who you refer to – be it the Bush Admin, the Bilderbergs, the Secret Societies, the Bankers, or whoever – they’re all the same massive, twisted cabal in the end) misdeed and destruction for 7 years now.
I can say with confidence now that it doesn’t take a fucking rocket scientist to realize that America, Canada and the rest of the world is not run by politicians, militias or even presidents. We are all under governance by _______ group, and that, my friends, is the sick reality of life as we know it.
I suppose it took the greatest market crash since the 30’s to realize that we are inexorably linked to America more than anyone else in this world.
The question begging we Canadians is – what’ll happen to us? Our Prime Minister never spat in the face of the UN when they told us to stay put in ‘03. We never borrowed billions from China and failed to pay it back. We never sent an army to decimate a country in the Middle East for -
- wait a second…we did do that last thing.
But at least our Prime Minister never stole his high seat in office.
Then again, he did recently get exposed for bribing a whole bunch of retired Golfers into voting for him back in ‘06.
Sweet Jesus. What else have we done that we have no clue of? What will happen to us in the aftermath of this madness?
What will Canada do when the fear spills into her end of things?
I’ll tell you what will happen.
We are now going to feel the bullwhipping of the laws passed after 9/11 – laws we found no reason to worry about then. Laws that wormed their ways from The 9/11 Commission into our House of Commons.
Laws that, unbeknownst in our ignorance, are virtually the same as their “Patriot Act” and “Rendition Act,” only they carry different names in our legislation.
Laws that, at the time, seemed ridiculous and typically de facto of a delusional Bush Administration bent on bagging those crazy terrorists.
Laws that, once passed, cemented yet another piece of foundation for what will soon be known as the “North American Union,” the elitists’ next order of business to complete their one world government.
But we always knew the score. Or at least, we could easily have known it.
Even if the corporate media hid things from us, it wasn’t like hundreds of steadfast American and Canadian journalists weren’t risking their hides to expose certain “disturbing” things. Things like constitutional changes that allow the President to deploy American troops on his own soil to prevent headaches like “public unrest as a result of civil chaos or emergency crises.”
Constitutional “adjustments” that grant the President’s suits permission to cavity search any random person that so much as looks at them the wrong way.
Constitutional “corrections” that give federal authorities power to kidnap you, gag you and ship you off to Cuba to get tortured by hired thugs.
It was under our noses all along. All it took was a bit of curiousity and some basic knowledge of google to unearth these filthy and venal bills that Bush and Harper were passing like wind.
But we were all too busy worrying about who was going to win America’s Next Top Model. We were too concerned with upgrading to that newer and shinier Blackberry. Our personal schedules were always more important than the everyday raping of constitutional laws that for the past century, have secured our rights and privileges in this free continent.
You can kiss all those so-called “rights” goodbye now (if you haven’t already).
If you’re Canadian, and you’re reading this, take a telescope and point it to the border and stare hard.
You might be able to see Lady Liberty make a run for it.
For the first time in history, our developed first world will taste true chaos, and as a result, our governments will be forced to keep things in order.
They will tart up this necessary form of control with a special term – “Martial Law.”
What no one really knows is that “Martial Law” is simply a euphemism for “Military Dictatorship.”
What no one really knows is that as you read this, North America’s leaders have hastened to order a “brigade, shipping in from Iraq and Afghanistan and all sorts of bases in Canada and America to serve as an on-call federal response force for natural or manmade emergencies and disasters, including terrorist attacks…for the next 6 months to a year.”
This means that once 600 or so million North Americans click and realize that they’ve been robbed of untold amounts of tax money, the US and Canadian military (or the soon to be “world police”) will be here to make sure you don’t overreact.
Once the sirens start to scream and the shit starts pelting the fan, the streets will run rampant with all the little people who never saw this coming. Throngs of soccer moms and meddling executives and labourers and starved students will stampede in every which way like confused cattle before the butchering.
If you protest these bullies, they’ll call you seditious and beat you so bad you’ll never be able to cry again.
If you try to escape, they’ll run you down like rats and pen you up in your house with just cause.
If you conspire against them, then God help you if they find out.
Which they will.
Then, they’ll stick a microchip in your arm so that if you misbehave again, they’ll know where and when to end you.
Mass panic and fear will spread like wildfire. The right kind of fuel for this kind of coup.
This economic clusterfuck, like the Iraq war and 9/11 and Pearl Harbour before it, is precisely what was needed in order to finally put this Bush Doctrine to work.
My American brothers, there’s some educating to do. The people of our great continent need to know who’s really been sodomizing them for the past 70 years. I wonder what they’ll think when they found out it was never the politicians and policy makers behind this after all.
I wonder what people will think 50 years from now when everyone realizes that this financial 9/11 did nothing but unearth more lies and deceit and give absolute power to the culprits of global tyranny – the central banks.
I wonder what children will think 50 years from now about the way we used to use cash money to go about business. I wonder if they will ever register all the blood, tears and grief that went into making the Amero currency that they will use.
Maybe Orwell had something.
My American brothers, there’s work to do.
I love each and every one of you as much as I love my Aunt and Uncle and cousins in Foxborough, Mass.
As much as I love my cousin in Miami, Florida. As much as I love my best friend in West Palm Beach. As much as I love my aunt in Albany, New York.
When the shit hits the fan, I wont sit and watch like I did in 2001. I’ll already be on your side of the border and by your side in arms. For when they lie to you, and rape you of your money and plot against your freedom, they do the same to me and my countrymen too.
When the shit hits the fan, know that 20 million of your Canadian brothers will be by your side.
We’re in this together.
There are approximately 400 million of us and no more than 1000 of them.
We must find a way to remind them of that…
October 2nd, 2008 at 11:27 am
Hey Raymond. If there’s no money, how can people love it and rearrange their lives around evil to get more of it?
Yeah, the control freaks will get to float around in their spaceships having high tea, but the joe on the street will no longer be burdened by fruitless work, bills or looking down the same dead-end road every day.
And I never said do away with work. I’m saying the technology exists now to put people in work that’s close to their hearts. That’s real fulfilling work. And it’s not 9-5. It’s creative.
October 2nd, 2008 at 11:35 am
We must vote these crooked politicians out and then try them for criminal acts against America:HIGH TREASON,yes they have criminally conspired along with the news media that is owned by the very bankers,who have stolen all Americas future,not only OUR future but future generations,our children and grandchildren will suffer even more than we will.NOW IS THE TIME,we must vote them out and let those coming in know they will also be held accountable.Turning off the tv and boycotting businesses who have refused to employe and refused to buy and sell American goods is another measure along with declaring no gas days,if this doesn’t work make it no gas weekends,if necessary pull stay home strikes,we must let them know we will not participate in their system any longer or will we tolerate their lies and thievery.
October 2nd, 2008 at 11:37 am
What I don’t get are people that can’t imagine a world without money. Alex is a good man, who’s been transformed and reconnected with the One Creator, but even he has chains that bind him to the old dead ways.
Capitalism is not America. The spirit of America is freedom. Money binds. Sure, my idea may have flaws, but one of them surely not the absence of money.
What do you need money for? Get your mind out of the crapper! I don’t care if it’s as old as recorded history.
And don’t just lump it in the same category with bartering. With bartering, you exchange your trade for anothers. Money is far easier to abuse and corrupt.
If you can’t get over it, you may just go down with it.
Quit worrying about the haves and have nots and why they have or have not. Tear out the root, or the wart will just puss up and pop again.
October 2nd, 2008 at 11:52 am
Barter is ineffective for large societies. That’s the reason why large societies around the world developed currencies to facilitate the exchange of goods. Barter cannot function well in a society large enough, where people cannot interact with each other directly. You want to buy a car and you have 5 tons of pork. OK, but the guy who sells the car doesn’t need your 5tons of pork, he would make use of max 5kg of pork. He won’t sell you the car for that much. Exchange is impossible. Without currency we are back to stone age, where people lived in communities small enough to settle all debts and grievances through direct interpersonal interaction.
October 2nd, 2008 at 11:53 am
FUCK !!!
October 2nd, 2008 at 12:36 pm
everyone who votes yes are traitors…let them mark themselves as such
October 2nd, 2008 at 12:54 pm
Yes!!! Now i have enough time to get food reserves ,my M82A1, water, and ammo…. lots of .50 BMG rounds. Shit if i have to i will just get a loan to get my M82A1 and ammo. Thank you lord. I have a little more time to prepare.
October 2nd, 2008 at 1:13 pm
BIG NUSSES: CLICKED ON YOUR SITE IT CONTINUES TO COME UP AS AN ERROR. WHATS UP WITH THAT?
October 2nd, 2008 at 3:13 pm
Was there any doubt that this would not pass? Bottom line that it seems no one will mention is that we live in a Fascist state country ruled and controlled by criminals and traitors.
October 2nd, 2008 at 10:58 pm
There is still time to call your representative and tell Him to vote “nay” at least you will be doing something for your country beyond griping on a blog !! They respond when they can see thousands of people calling, saying NO and only a few saying YEA, so tell ‘em. They have to come home for the holidays, and remember they represent a District in the home state. It’s a little more personal than being one of two people representing the entire state. We have this unique opportunity to make them work at being representatives, if we just bit*h and moan on blogs about the “fascist state” and the “bullsh*t”, that opportunity will slip through our fingers.
Put your mouth to your telephone tomorrow, October 3, and talk to the ear on the other end.
Congressional Switchboard: 202-224-3121
October 3rd, 2008 at 4:13 am
if the fed goes against the people, show ‘em you care, take all your money out of the bank.
October 3rd, 2008 at 4:39 am
***** URGENT : TO ALL CONCERNED CITIZENS *****
We can use the internet to GAIN power over corporations and
corrupted government officials and END THIS NONSENSE -
I have explained my idea on how to achieve this in a PDF here
http://actiontrigger.no-ip.org.....litics.pdf
Please comment!!!!
I AM MAD AS HELL AND I’M NOT GOING TO TAKE IT ANYMORE!!!!!!!!!!!!
- The Network, 1976
October 3rd, 2008 at 11:05 am
My representative is one of the biggest deadbeats in Congress. Utterly worthless. He’s been physically absent most the time.
October 3rd, 2008 at 1:12 pm
Crime of the century bill just passed. Congress needs a ski mask and a gun. We just got jacked!!!!