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Wednesday, October 1, 2008 12:00 AM

The voters are angry -- and don't know why

What happens when the messy thing called democracy collides with the financial markets in full panic.

The letters thread is now closed.

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Tuesday, September 30, 2008 06:36 PM

"and don't know why"

Bullshit. We do know why. We have been lied to about emergencies before, and taken for a ride, and we are not stupid, and we are sick of it. Here's my letter to my legislators:

Thank you for voting no on the bailout legislation. I am a fiscally conservative Democrat and horrified at the amount of debt the USA is already in, without borrowing another trillion dollars to soften the landing for the Wall Street high fliers.

Those of us who live within our means and whose incomes are based on doing real work for a living are probably going to suffer anyway in the coming years, no matter what happens with the economy--whether it's the experience of a precipitous market meltdown or the reality check over the next decades of living in a nation that is totally bankrupt and thoroughly in hock to foreign creditors. In that light, I'd rather see the market have a HUGE and painful correction than have Congress roll the dice with a trillion borrowed taxpayer dollars that may not even fix a system that is broken. If you really think it's crucial to borrow money to create a better future, spend it on alternative energy sources, health care, infrastructure, education.

I will be dismayed at any vote change in favor of the bailout, but I trust you'll hold firm. Thank you once again for voting no on this bill.

Tuesday, September 30, 2008 06:46 PM

The voters are angry == and don't know why

Thank you for an article that explained what is going on with this "bailout." Of course, I don't want my money bailing out greedy Wall Street CEO's. However, my retirement is based on the stock market and when it goes down, I worry whether there will be enough to retire within the next couple of years.

I really thought maybe it would be best to just let the market deal, but I don't believe that can be the best thing since we have little or no regulations. I do believe this is a problem that has happened during the last 10 years. We bought our house for $89,500. Low an behold, 10 years later our house was worth $189,500...hard to believe...in fact, I don't believe it. It was inflated artificially and the equity dropped artificially also.

If it seems to good to be true, it is likely illegal, immoral or just plain wrong. This was just plain wrong and has hurt the wrong people. The 1/10 of 1% of the rich keep getting richer and the middle class is no longer.

I don't know if this is the right way, but right now, I don't want to lose my retirement.

Tuesday, September 30, 2008 06:56 PM

Black Lawmakers are sorry that they could not support the bailout........

“Some black lawmakers in Congress expressed disappointment in the defeat of a $700 billion rescue of the nation’s financial system in the House on Monday, but said the vote may signal an opportunity to finally put partisanship aside and come up with a solution acceptable to the financial community and average Americans.”

“While President Bush and Sen. McCain -- not to mention House leaders -- couldn't reel in the House Republicans needed to pass the bailout, a key constituency over which Barack Obama has considerable sway also opposed the bill.

More members of the Congressional Black Caucus, whose heavily black districts include many of Obama's most ardent supporters, opposed the bill than supported it.

Few of these members are in, or will ever have, tough re-elections.

Obama, it seems, could have helped deliver some of these votes if he had been more invested in the bill.”

My Response:

As long as the economy looks bad, Obama looks good. So, why would he want to help make things better?

Tuesday, September 30, 2008 07:10 PM

No credit

I don't think we know what life without credit would mean for us. It's everything. America produces very little. We've sold out our own country to Wall Street.

This plan was presented horribly, the result of a horrible administration.

I agree we should not have to pay one nickel for this plan, especially based on the few specifics we know. However much as I want to say, "let it fail for its own good", I really don't know what that means. By "it" I suppose I mean our economy. Can we really just let it fail?

How else do you fix this?

Tuesday, September 30, 2008 07:22 PM

Did House Democrats Fail to See Signs of Fannie Mae, Freddie Mac Meltdown?

If you are interested in learning the TRUTH, then you must see this video @:

http://www.foxnews.com/story/0,2933,430622,00.html

And Click on this link:

Watch Sean and Alan's interview

My Response:

Is this being covered up by the Obama loving media?

Tuesday, September 30, 2008 07:26 PM

What? Tax policy is irrelevant?

No it's not. A fair tax policy which leaves money in the hands of working families means a healthier economy, and that ultimately is what drives Wall Street. Any bailout plan -- and I do hope one is passed, in some form -- must take into account this simple fact: stocks don't create wealth, they represent it. And the wealth of the nation, of which stock prices in saner times are a pretty decent measure, is driven by the middle and working class.

McCain doesn't get this, of course. Obama does. Do you?

Tuesday, September 30, 2008 07:30 PM

wrong

I know why I'm angry. The market has turned into a game of roulette, played by gamblers with a bad addiction to action. Good companies have been brought low as well as bad by raging fears and uncontrolled greed. The stock market has no basis in reality anymore, and maybe no more place in the American economy.

Tuesday, September 30, 2008 07:47 PM

Just try to write your rep...

Queen B, after years of being drawn into your type of hive (or the hive of your type), I can finally (thankfully) spot a decoy. You're not really a queen, just a wannabe. Anyone who capitalizes TRUTH in association with any news/media outlet is an untrustworthy source. I don't breathe in or drink in everything I read or see or am offered anywhere without first thinking and exploring.

As for the lot of us...just try to write your legislator.

"The House of Representatives is currently experiencing an extraordinarily high amount of e-mail traffic. The "Write Your Representative" function is therefore intermittently available. While we realize communicating to your Members of Congress is critical, we suggest attempting to do so at a later time, when demand is not so high. System engineers are working to resolve this issue and we appreciate your patience.”

You can't, really, and that is awesome (I'm trying at 7:40 PST...that's not peak hours). I'm so thrilled that there is actual life out there and they've made themselves known!

The Chief Administration Office (if there is an 11th level of Hell, wouldn't working in this department qualify?) puts out: "This measure has become temporarily necessary to ensure that Congressional websites are not completely disabled by the millions of e-mails flowing into the system."

If you really want to put your voice where your text is, try calling (202)225-3121 for the U.S. House Switchboard Operator. Remember the days when there was really an operator on the other end of the line? But stop typing these safe letters or silent responses to posts and just do it; let's write the real thing, whatever your opinion is.

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