BAILOUT [strike]STRUCK DOWN[/strike] PASSED DOW PLUMMETING!
 

The 700 billion dollar bailout just got voted down in the House and the markets are fucking plummeting. ITS A GOOD THING THEY SUICIDE PROOFED THOSE SKYSCRAPERS

POW BITCH

Where did you hear that

This is live, sucka!

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lookatdat rebound

I think we have different definitons of voted down

I mean they are still voting, and the bill will pass btw

SHIT SHIT SHIT FUUUUUUUUUUUCKKKKK

:siren:

There's one vote left, and they're gonna hooooooooooooooooooooooold oooooooooooooooooooooon to that vote, but there's still a 20+ spread

$700 Billion is almost too much for me to get my head around. Can someone summarize why people are for or against the whole thing? Stock Market, 401k, Mortgage, etc., all that kind of stuff, was never my strong-point.

I'm for one glad. Not glad to see the market plummet, but to see that $700 billion won't be spent to bail out irresponsible banks (and of course, stupid people).

I'm sure the agreement will be reached wherein tax payers will be responsible for some sort of bailout (sadly), but not $700 billion worth.

Bill is dead

I'm rushing for Mexico before the dollar loses all value

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World markets are all going down.

All except Norway. =I

This fucking made my day. I've been against this bail-out, and I'm glad to see it crash and burn. The vast majority of the US opposed this, but, much like the illegal amnesty attempt, people in Washington tend to meander away from their constituency often.

Might not end well, but I seriously doubt that the bail-out would've helped at all. The government intervening in economical matters never ends well :(

Welp, I guess the near future will be the coolest time to be a communist, so let's get things started early.

YouTube Video

YouTube Video

Not to mention the principles it expresses: fuck shit up bad enough, and we'll bait you out. Doesn't matter how much you made off the deal! Consider it a gift from the US Government compliments of the tax payers.

I just don't like to see the market do so poorly, honestly. Especially internationally. Suppose it's the natural way of things, though.

Hope you're ready to trade that goat to Fedex for them to ship your mushroom out for you, Sassu~

First gas shortages all over the country and now this. Hopefully this isn't the beginning of the end for the U.S. economy...

*Laughs at investors losing 400% of their net value*

Just because it's on the front page of CNN:

http://i2.cdn.turner.com/cnn/2008/im....mon.03.ap.jpg

Holy shit, do you have any IDEA what this will do to your economy? This is not the time to be cheering because your tax dollars are safe, because it WILL come back to bite you in the ass. Yes, the banks have been acting like kids who got their hands on daddies credit card for the first time, but you should be beyond laughing at them, because you're now dealing with preventing the downfall of the ENTIRE economy, not just the financial section. It's the Great Depression all over again (you know, when your government couldn't agree how to help out of fear of some financial socialism, leading to the collapse of the entire system).

For those wanting to know, here's the final vote results:

http://clerk.house.gov/evs/2008/roll674.xml

A lot of people are claiming this is going to turn into another Great Depression, but the problems with Black Friday ended up being exacerbated because the Fed sat on their hands while there was a monetary constriction.

What we're seeing right now is a massive market correction, and the numbers will reflect the reality of the recession we've been in. Now, if the markets drop 1000 points and trading freezes, that's the time to really be worried.

Now is also the time for the Dems and Repubs to seriously think about what they can do to reassure the markets, but I'm not sure anything short of nationalizing all the insolvent banks is gonna work.

Am I the only one (besides Brady apparently) who thinks this is decidedly not the time to crown ourselves with laurels because our side of the argument won?

Seems like maybe partisan idiocy might want to be set aside and maybe, you know, you can all get something done. For a change.

Just saying.

Barney and Pelosi just ripped into the GOP, and of course the GOP blames the Democrats for not doing enough.

Regardless of a plurality of Republicans voting nay 90+ Dems voted down this bill, so everybody is to fucking blame for this you Goddamn hacks.

Deni, there is hardly anything partisan about how the votes were cast on this bill.
Its more likely the representatives fell back on what they were ideally supposed to do: represent their constituents.
I mean, even Bush, supposed Godhead of the Republican party, backed this bill and Republicans voted against it.

I didn't imagine that the results would come to this, and frankly I'm quite disappointed at the members who have voted no to this bill at the significant risk to the financial health of our nation.

But I suppose we reap what we sow.

And the markets just keep going doooown doooown doooown :(

When the man says "partisan", he's talking about the fact that we haven't rolled to the question of "what next", we've rolled to the collective sigh of relief when a problem still exists. There is nothing good about any of this, if the bailout was a bad idea then we should be asking what the solution is, not going "Man, this inaction shore is swell."

Don't think that it'll happen Deni, seeing as politicians lack the spine to make decisions that actually matter (just look at the crisis in Belgium, that started a year and a half ago), especially with an election coming up. I would have expected that everyone would get the seriousness of the situation by now, but the current situation shows that I'm still a bit too naive.