One can’t help but be surprised that Simpson and Holmes (myself) were in agreement with the bailout and Sali and Minnick were in agreement against the bailout. The Republicans were against each other as were the Democrats. This is just a microcosm of what is happening nationally. Perhaps, if the bailout is as important as we are told our leaders should explain it to the populace better. I have been on the campaign trail and have been talking to the voters and they are furious (as they should be, as I am). This situation should never have been allowed to develop. Some agree that action needs to be taken, others are skeptical. Yesterday, I spent 30 minutes on the phone with a fellow Democrat, who tried to convince me to change my stance.
What do I want in the two day break of Rosh Hashana? I want economists who are not connected to Wall Street to explain whether this is necessary, to me, and the people of Idaho, and our country. I want this bailout to not look like the lead up to the Iraq War. I, like other voters, would like to be sure I could trust our leaders to tell us the truth. I want the people protected against Wall Street. I want everyone to take a deep breath. I want to know if credit will really freeze up. Will we be in a deep recession, resembling the Great Depression, if we fail to act? I fear the answer is yes, which is why I support the bailout. Our leaders owe it to us to provide this information.
THE TELEPROMPTER PRESIDENT at URL http://www.TeleprompterPresident.com has an excellent video on What Caused Our Economic Crisis. Here's the link: http://www.teleprompterpresident.com/2008/10/what-caused-our.html
Posted by: TELEPROMPTER PRESIDENT | October 01, 2008 at 01:36 PM
This is propaganda put out by desperate deregulating republicans. The Acorn program was a program with counseling that helped people into homes. The sub-prime mess of today was caused by greed without counseling or care for the client. I might be even angrier since I spent 3 hours trying to keep a man in his home today and failed. I might have failed because the holder on the second probably hopes the government will buy the bad note at $.40 on the dollar instead of the traditional 10% the first lien offers the second lien holder. I was wondering if it would be harder to renegotiate loans or complete short sales. Today I found out it is harder.
McCain cannot get us out of this mess! It was deregulators like McCain that has allowed the financial markets to act without oversight. It is time to vote the deregulators out of office and protect the American people. Barack Obama has my full support.
Posted by: Debbie Holmes | October 01, 2008 at 02:28 PM
And to think when I saw the phrase "teleprompter president" I could have sworn they were referring to McCain (or Bush).
Posted by: Irwin Horowitz | October 01, 2008 at 03:46 PM