More info is here.
Both Presidential candidates voted yes on a revised version of the $700B bailout rejected by the House earlier in the week.
The new Senate legislation now includes a number of new provisions aimed at Main Street, hoping to win the votes of House reps who don’t want to be seen as bailing out the rich fat cats on Wall Street while small-town America still can’t pay its mortgage.
The House votes on Friday.
A comment to think upon;
If the government gave each legal American citizen a million dollars, that would be little under 300 million dollars which be far less than what the government is asking to fix the problem, give us the money & we will pay our homes off, fix the economy & life goes on, giving 700 billion dollars to these thieves is surely ain’t gonna fix crap but ad more debts where our great great great grand children will still be paying for, this administration can’t be trusted, look at what KBR has done, ripped off the government & ran off to Dubai so they can’t be sued or held acountable, look at Bush 1 what he did when he bailed out the savings & loans, everyone of his children was involved in that even the president, especially Niel Bush, we still are paying for that rip off, the Keating 5 is still fresh in our minds, wake up Americans!!!!
and yet the interim chief of WaMu will receive 19 million dollars for his trouble over the last 3 weeks that he has had the job.
bastards can drive a company into the ground and make millions. that is truly effed up. i feel absolutely no compunction to pay for these fuckers. pardon my language beet, but i have to call a spade a spade.
BeeBeeC
I think your math is off haha. That would only be money for 300 people… far less than there are in the us.
I think the correct dollar amount to do that would be
302,000,000,000,000
@beebeec… ok don’t know where you’re gettin’ ya math skills from. But um… there’s more that 300 people in the US. There’s like 300 MILLION. so if the gov. gave all of us a milli, it’s be waaaay more than 300 million. — just a comment to think upon
beebeec’s math may be off. but she makes an interesting point. why not distribute that large sum of money among american adults? we could pay off our loans and stimulate the economy. i certainly feel like we deserve it more than the corrupt corporate fat cats.
I just hope I can still get a student loan next year :(
Princess Pink: Because that would be like… 23 dollars a person.
Unfortunately, economics isn’t simply a case of who’s holding the biggest amount of shiny beads. Modern money is notional, and depends on the power of belief in financial institutions. Never mind which Americans have the money, if the banks are left unstable, the money isn’t worth anything.
but i want shiny beads. give me more shiny beads! ;-)
oh and i want everyone else in america to buy my beads for me.
i don’t want to actually work for them. i’d like the american taxpayer to buy me them.
i also just want a huge check after i bankrupt a company upon which countless thousands of the little people depend so i can get me some more beads. more beads! beads for everyone! but most of the beads go to meee!