The BailOUT bill, what do you guys think? + rant

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So you are buying the fearmongering too huh? I am sure some people would be screwed, but someone is going to be screwed either way, with the bailout, instead of the people that caused the problems it's the taxpayer. Putting another bandaid on it is NOT going to fix it, it is just selecting who isn't going to get fucked as bad. Socializing the debit, and privatizing the profits, typical washington solution.

I'm not buying the fearmongering. I simply know what's gonna happen if the banks dry up... you know, the place were around 96% of us keep our money, both individual and business The places that manage the flow of said money. The problem is that we, the American taxpayers, are cornered. This is a pure no-win scenario filled with 100% pure, unadulterated, I-just-banged-your-wife pissed off.

Oh, just to add insult to the injury... THEY WANT MORE.

Credit markets to Washington: Bailout isn't enough: Financial News - Yahoo! Finance
 
I'm not buying the fearmongering. I simply know what's gonna happen if the banks dry up... you know, the place were around 96% of us keep our money, both individual and business The places that manage the flow of said money. The problem is that we, the American taxpayers, are cornered. This is a pure no-win scenario filled with 100% pure, unadulterated, I-just-banged-your-wife pissed off.

Oh, just to add insult to the injury... THEY WANT MORE.

Credit markets to Washington: Bailout isn't enough: Financial News - Yahoo! Finance


Haha, the banks aren't going to dry up, and you can call the bank and ask. I've been talking to loan officers at a few banks, and all of them are still loaning money IF you can qualify. Fearmongering. Of course they want more, they got an inch, so now they want a mile, and the sheeple are going to legitamize the whole thing by voting for Oslaba and McStain. No amount of rationalization is going to make anyone that pulls the lever for either of these two crooks right.

Let's play a little game, it's called spot the pork. All this was added to the bill to entice the hold outs, see if you can identify which ones are specific special interest to particular individuals....

Sec. 101. Extension of alternative minimum tax relief for nonrefundable personal credits.
Sec. 102. Extension of increased alternative minimum tax exemption amount.
Sec. 103. Increase of AMT refundable credit amount for individuals with longterm unused credits for prior year minimum tax liability, etc.
Sec. 201. Deduction for State and local sales taxes.
Sec. 202. Deduction of qualified tuition and related expenses.
Sec. 203. Deduction for certain expenses of elementary and secondary school teachers.
Sec. 204. Additional standard deduction for real property taxes for nonitemizers.
Sec. 205. Tax-free distributions from individual retirement plans for charitable purposes.
Sec. 206. Treatment of certain dividends of regulated investment companies.
Sec. 207. Stock in RIC for purposes of determining estates of nonresidents not citizens.
Sec. 208. Qualified investment entities.
Sec. 301. Extension and modification of research credit.
Sec. 302. New markets tax credit.
Sec. 303. Subpart F exception for active financing income.
Sec. 304. Extension of look-thru rule for related controlled foreign corporations.
Sec. 305. Extension of 15-year straight-line cost recovery for qualified leasehold improvements and qualified restaurant improvements; 15-year straight-line cost recovery for certain improvements to retail space.
Sec. 306. Modification of tax treatment of certain payments to controlling exempt organizations.
Sec. 307. Basis adjustment to stock of S corporations making charitable contributions of property.
Sec. 308. Increase in limit on cover over of rum excise tax to Puerto Rico and the Virgin Islands.
Sec. 309. Extension of economic development credit for American Samoa.
Sec. 310. Extension of mine rescue team training credit.
Sec. 311. Extension of election to expense advanced mine safety equipment.
Sec. 312. Deduction allowable with respect to income attributable to domestic production activities in Puerto Rico.
Sec. 313. Qualified zone academy bonds.
Sec. 314. Indian employment credit.
Sec. 315. Accelerated depreciation for business property on Indian reservations.
Sec. 316. Railroad track maintenance.
Sec. 317. Seven-year cost recovery period for motorsports racing track facility.
Sec. 318. Expensing of environmental remediation costs.
Sec. 319. Extension of work opportunity tax credit for Hurricane Katrina employees.
Sec. 320. Extension of increased rehabilitation credit for structures in the Gulf Opportunity Zone.
Sec. 321. Enhanced deduction for qualified computer contributions.
Sec. 322. Tax incentives for investment in the District of Columbia.
Sec. 323. Enhanced charitable deductions for contributions of food inventory.
Sec. 324. Extension of enhanced charitable deduction for contributions of book inventory.
Sec. 325. Extension and modification of duty suspension on wool products; wool research fund; wool duty refunds.
Sec. 401. Permanent authority for undercover operations.
Sec. 402. Permanent authority for disclosure of information relating to terrorist activities.
Sec. 501. $8,500 income threshold used to calculate refundable portion of child tax credit.
Sec. 502. Provisions related to film and television productions.
Sec. 503. Exemption from excise tax for certain wooden arrows designed for use by children.
Sec. 504. Income averaging for amounts received in connection with the Exxon Valdez litigation.
Sec. 505. Certain farming business machinery and equipment treated as 5-year property.
Sec. 506. Modification of penalty on understatement of taxpayer’s liability by tax return preparer.
Sec. 512. Mental health parity.
Sec. 601. Secure rural schools and community self-determination program.
Sec. 602. Transfer to abandoned mine reclamation fund.
Sec. 702. Temporary tax relief for areas damaged by 2008 Midwestern severe storms, tornados, and flooding.
Sec. 703. Reporting requirements relating to disaster relief contributions.
Sec. 704. Temporary tax-exempt bond financing and low-income housing tax relief for areas damaged by Hurricane Ike.
Sec. 706. Losses attributable to federally declared disasters.
Sec. 707. Expensing of Qualified Disaster Expenses.
Sec. 708. Net operating losses attributable to federally declared disasters.
Sec. 709. Waiver of certain mortgage revenue bond requirements following federally declared disasters.
Sec. 710. Special depreciation allowance for qualified disaster property.
Sec. 711. Increased expensing for qualified disaster assistance property.
Sec. 712. Coordination with Heartland disaster relief.
Sec. 801. Nonqualified deferred compensation from certain tax indifferent parties.
 
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What a bunch of shit. Corporations made stupid decisions (loans), and the average American can't save money for what he/she wants; the taxpayers pay for their stupidity? Thats what I'm gathering from this. Someone correct me if I'm wrong.
 
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Haha, the banks aren't going to dry up, and you can call the bank and ask. I've been talking to loan officers at a few banks, and all of them are still loaning money IF you can qualify. Fearmongering. Of course they want more, they got an inch, so now they want a mile, and the sheeple are going to legitamize the whole thing by voting for Oslaba and McStain. No amount of rationalization is going to make anyone that pulls the lever for either of these two crooks right.

Cool. Closest bank to me is a Wachovia :) I could call IndyMac or Ameribank... First Heritage or First Priority. I could just ask Integrity if their company has any, well, integrity.

Pick one.

Let's play a little game, it's called spot the pork. All this was added to the bill to entice the hold outs, see if you can identify which ones are specific special interest to particular individuals....

You don't have to copypasta a list to convince me of the BBQ pork flowing out of this shit sandwich. Pissed me off to hear that "incentives" had to be put in place to bait votes.
 
Cool. Closest bank to me is a Wachovia :) I could call IndyMac or Ameribank... First Heritage or First Priority. I could just ask Integrity if their company has any, well, integrity.

Call em, so far I have three that are willing to loan me money. From what Ihave seen, the people that the politicians keep saying "won't be able to get loans" are the same people that shouldn't have been able to get loans before. We've become so damn used to people that can't pay debts being able to get into them that now it seems it's their right...it's not.
 
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michael burgess voted nay too. i voted for him :) finally a republican i voted for is actually making me proud.
 
You'll love the exemption for Puerto-Rican rum producers. The amount of political dick-sucking going on in government (on both sides) these days is almost pornographic.
 
You'll love the exemption for Puerto-Rican rum producers. The amount of political dick-sucking going on in government (on both sides) these days is almost pornographic.

Hedgehog for President!!!
 
lol

bill passes!!! down drops 500 points!!!

lol

what a crock of shit

we're fucked. it's too late.


if you want to buy something on credit in the near future.... buy it today.
tomorrow, there won't be such a thing as credit.
 
The Associated Press: Dow industrials plunge 500 amid global sell-off

The markets have come to the sobering realization that the Bush administration's $700 billion rescue plan won't work quickly to unfreeze the credit markets, and that many banks are still having difficulty gaining access to cash. That's caused investors to exit stocks and move money into the relative safety of government debt.
Over the weekend, governments across Europe rushed to prop up failing banks. The German government and financial industry agreed on a $68 billion bailout for commercial-property lender Hypo Real Estate Holding AG, while France's BNP Paribas agreed to acquire a 75 percent stake in Fortis's Belgium bank after a government rescue failed.
 
Holy s**t, I can buy anything today. I'm pissed and happy at the same time. :ph34r::huh::(:D
 
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hahaha down 800 points.

worst day ever since 1929 :)


buy buy buy at 3:50 :)
 
lmao

Hey B

Add a tree menu of the forum to the bottom of the page that would save me like .034 seconds in scrolling to the top or hitting ctrl+home haha
 
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