the noble lawmakers work long and hard, through the night, over the weekend (for a change!!!!!)...Nancy tells interviewers the bi partisan effort is working...we are getting close to a deal.....then just before the vote she gives the ...why I am not in favor of this bill speech.....dumping not only the bill but the Dems & Repubs who put forth the genuine effort to create a bi partisan product.

She lives true to her belief....party/Nancy first.....screw whoever in the process....2 heart beats away from the Presidency.....

Talk about people not qualified for certain jobs!!!! Given Pelosi having however attained the powerful position she has....the thresh hold of qualifications has been significantly compromised.

She needs to be voted out

BTK

I believe that Pelosi should not be the Speaker but to say it was her speech that derailed the deal?

She provided 2/3 of the Dems were where the Repubs? This was Bush's bill where was his leadership?

Probably back at the White House downing a couple of cold ones and maybe a shot of Jack.

But personally, I'm not giving any member of the House of Representatives a pass on this situation. Pelosi is a disaster in the House, as is Reid in the Senate. The various "leaders" who negotiated the package that was defeated at least came together to come up with something that they found acceptable. But then the leadership couldn't deliver the votes. Their hope was that both parties could deliver a narrow majority and get the bill passed. The Democratic leadership did their part, getting a 60% majority. But the GOP leadership, which one has to say includes an incumbent President as well as John McCain, completely misread their members and couldn't get the majority needed.

I'm not being partisan with the above statement. Those are simply the facts of the vote. As far as I'm concerned ALL members of the House ought to be voted out of office, giving the country a chance to start over. Probably the Senate, as well.

The framers of the Constitution designed a beautifully efficient model for governance. But they're all probably rolling in their graves seeing what they designed so completely defiled by partisan extremists on both sides.

Originally Posted by Villages Kahuna

But personally, I'm not giving any member of the House of Representatives a pass on this situation. Pelosi is a disaster in the House, as is Reid in the Senate. The various "leaders" who negotiated the package that was defeated at least came together to come up with something that they found acceptable. But then the leadership couldn't deliver the votes. Their hope was that both parties could deliver a narrow majority and get the bill passed. The Democratic leadership did their part, getting a 60% majority. But the GOP leadership, which one has to say includes an incumbent President as well as John McCain, completely misread their members and couldn't get the majority needed.

I'm not being partisan with the above statement. Those are simply the facts of the vote. As far as I'm concerned ALL members of the House ought to be voted out of office, giving the country a chance to start over. Probably the Senate, as well.

The framers of the Constitution designed a beautifully efficient model for governance. But they're all probably rolling in their graves seeing what they designed so completely defiled by partisan extremists on both sides.

Perhaps the 40% of Demmocrats and 60% of Republicans are smarter than their respective party's leadership and saw through the extortion and market manipulation....

As of 3PM today, the DJIA is up 371 from yesterday's close.

Originally Posted by SteveZ

Perhaps the 40% of Demmocrats and 60% of Republicans are smarter than their respective party's leadership and saw through the extortion and market manipulation....

As of 3PM today, the DJIA is up 371 from yesterday's close.

Maybe the market went up because Congress took off! Maybe if they decide to never come back it'll hit 1400 again in a month!!

Originally Posted by SteveZ

Perhaps the 40% of Demmocrats and 60% of Republicans are smarter than their respective party's leadership and saw through the extortion and market manipulation....

As of 3PM today, the DJIA is up 371 from yesterday's close.

You are extremely short sighted if you think today was a good day. Sorry. Wait and watch.

Chels , if you don't think this was a great day in the Market just shows me you don't know anything about the Market.....I for one had a ball today and made a few bucks..........

fumar

Originally Posted by The Great Fumar

Chels , if you don't think this was a great day in the Market just shows me you don't know anything about the Market.....I for one had a ball today and made a few bucks..........

fumar

Fumar, I am really happy for you and I mean that. Now cash out.

I am not an expert in the Market. My husband has done very well. But I do know that this is a dead cat bounce. Perhaps you would understand it better if I said "dead dog bounce." We know how much you love doggies! Hahaha. Take my advice, know when to hold'em and know when to fold'em. Cash out.

anytime soon to live on, then by all means cash out. If it is a long term investment situation....hang in there pick up some bargains along the way. There have been dead cat bounces before. They are disitant memories some where back along the markets historical trek North.
It has come back from every significant event resulting in a down turn....it has never stayed down. If one does a little research on past market levels you will find charts showing all the historical highs and lows. They both have on very important characteristic.....they both happen on the way upward!!!!!!!!!!!!!

BTK

It simply amazes me that when the market is down 777 points yesterday and closed at 4-something today, that people are saying they're making money. It's still down 300 odd points. How's that making money?

Several House conservatives have retracted their talking point attributing their opposition to the bailout on Speaker Nancy Pelosi’s (D-CA) “partisan” speech yesterday. Interviewed on the Dennis Miller radio show today, Rep. Thaddeus McCotter (R-MI) admitted that it was a “terrible mistake” to blame Pelosi’s speech:

McCOTTER: I think it was a mistake for House leadership to say that Pelosi’s speech mattered to anybody on our side.

MILLER: Yeah, me too, me too.

McCOTTER: Because we yell at each other like this all the time. And so, what they’ve actually done is a victory for the American people, a victory for the institution of Congress, and a victory for Republicans and Democrats who voted against it. It’s being counter-messaged by their own leadership, who didn’t get it through. That is a terrible mistake and it’s hopefully not going to impact our ability to get this done more quickly than we, as quickly as we need to.

We need to NOT do any kind of bail out whatsover....let the market get to realistic values.

A credit crunch would be good for this country, although I do feel sorry for those who were lead on to believe you didnt have to do anything to get by in this country..that it was owed to you. Long term a credit crunch would be great and maybe we can restore some order.

Dear BTK.

You guys who get all excited and rail at your favorite targets of the day: First, step back and take a breath. Then, get your facts straight.

I'm no fan of Rep. Pelosi, but she had every right and perhaps an obligation, to make a strong speech against the administration's bailout plan. Ever since the vote there are more and more revelations that the plan would have primarily continued to feed and protect Wall St. greed.

The initial critics of Pelosi said her speech was responsible for defeat, because she turned 12 critical Republican votes against the plan. On this point Barney Frank was right: on one of the most important Congressional votes in history 12 people change their mind when someone says something that hurts their feelings?!?

Then there is the point Pelosi introduced about holding companies accountable. If they don't pay back their bailout benefits within five years, the provision would require the President at the time, as well as to give him the power, to require payment or take other action. When she introduced the idea, the crowded work session fell silent. Almost everyone agreed it was one of the best ideas on the table.

Let's wait and see if Congress comes up with something better in the next few days, and whether Pelosi has had a positive influence on the result.

I think it should be evident by now that the Republicans did not want this to pass and are using Nancy Pelosi as a scapegoat. Why don't they just all "grow some" and step up and say they just don't want it. This is really schoolyard!

I'm not cashing out - just going thru a period of redistribution.



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