Wait till the shoe drops, the market will go up for a day or two, then BANG the bottom will fall out again then what?

House plans second vote on $700 billion bailout

WASHINGTON (AP) – Rejected once amid public fury about bailing out reckless financiers, a $700 billion rescue package is getting a second chance in the House as voters anxiously ponder an economic meltdown that could wipe out their ability to borrow, plunder their savings and put them out of work.

Republicans and Democrats were jumping aboard the bailout as the House sped toward a make-or-break vote – a much-anticipated do-over after the plan met with a stunning defeat Monday, triggering a historic stock market plunge.

It was still unclear, though, whether leaders would have the dozen or so supporters needed to pass the measure.

The plan lets the government spend billions of dollars to buy bad mortgage-related securities and other devalued assets from troubled financial institutions. If it works, advocates say, that would allow frozen credit to begin flowing again and prevent a serious recession.

Black lawmakers said personal calls from Democratic presidential nominee Barack Obama helped switch them from “no” to “yes,” as Republicans and Democrats alike said appeals from credit-starved small businessmen and the Senate’s addition of $110 billion in tax breaks and other sweeteners had persuaded them to drop their opposition.

“I hate it,” but “inaction to me is a greater danger to our country than this bill,” said GOP Rep. Zach Wamp of Tennessee, one of the 133 House Republicans who joined 95 Democrats in rejecting the measure Monday, sending the stock market plummeting.

The real dollar amount is closer to a TRILLION dollars, AND it has so many bullshit “Sweetners” in it that it should be a Nazi Bill. A socialistic society does this type of thing NOT a OPEN Democracy.

I am waiting for the bill to pass, I am almost sure it will pass because I have been listening to C-Span this morning, I NEVER listen to this crap, and I am reminded why now.

I am very angry about this particular bill, I am not angry about Government doing something. I think something needs to be done. I think when congress has to be bribed with these so-called “Sweetners” the bill is BAD. IF it was a good bill why would you need to add anything? And adding 300 BILLION dollars in wooden arrow/rum/Racetracks or whatever else the senate did to it is WAY TOO MUCH…The Democrats would get a 100% vote if they gave more to ACORN I am sure.

I am very pleased to hear SOME Democrats talk about responsibility of the HOMEOWNER as well as the lenders. I am starting to think ALL Democrats aren’t RATS… There are a few decent ones.

Go back to the drawing board, start with a blank and if the bill takes up more than three pages vote NO!