VABills

I don't know the "details". I don't understand the whole situation. And neither do you. As the congress critter said, if you don't know or don't understand you should vote "no".

http://money.cnn.com/2008/09/29/magazines/...sion=2008092918 Virginia's Eric Cantor, deputy whip for the House Republicans, stepped to the microphone this afternoon to blame the bailout defeat on House Speaker Nancy Pelosi's "failure to listen" and her charged partisan rhetoric in condemning President George Bush's "budgetary recklessness" and "anything-goes mentality." or But outside of staunch opponents like Hensarling, there were many fence-sitters who, as of Monday morning, the White House had assumed were in its column. Pelosi may not have helped, but the plan died because Republicans weren't willing to ignore a revolt among the folks back home and cast a rushed vote on a massively complex subject with an almost unfathomable price tag. "If on the substance, you're undecided, then the politics tips you into the 'no' category," Rep. Jim McCrery of Louisiana, a Republican who supported the package, told Fortune. "It was a tough vote politically in their view." Is it possible that she didn't listen and included something he didn't want or did want and she omitted it from the final bill? No let's just go with a sound bite and not the details.

Exactly. It's just easy to blame on pelosi because she's a B word.

No the fact that obama couldn't control his dems, since he is now their leader and have them vote at a rate better that 60%. The pay and added corporate tax rate are the poison pills.

That's my point.

But these CEO's will be replaced. You are asking a guy who likely makes 5-50 million dollars elsewhere plus stocks, and other benefits to come in for a few years with a lot of congressional, administration, as well as media oversight. And to do it for a straight salary of 400K, that maybe if the business becomes solvent again in a few years you might get to the 5-50 million range again. Probably not since their will be poison pills added that limit salaries in the spun off company. So again why would any good CEO do that?

Same arguement. if the dems can't keep their ilk in line why should the repubs be expected to.

Let me ask you this. Would you take a 1000% pay cut to go work at a startup company where you have three different direct managers to appease knowing that in 2 or 3 years you might be able to get back to your current salary, just to help that company out?

And yet 40% of the dems thought it was bad. All you needed was your dems to vote yes. Seems to be Obama, pelosi, etc... are having a hard time getting a majority of their own idiots to vote for this thing. You honestly believe the true conservatives in the repub party are going to buy into this pile of sh-- ?

Well if he said that and you quoted it should be easy enough to find.

Obviously they "didn't sign off". Of the deal would have been done.

If a new CEO is brought in, they would have limited the salary to 400K. If you're a top tier CEO why would you work your ass off to turn around a failing business for 400k. No bonuses, no stock. Most of the existing CEO's, CFOs would have been forced out. You are not going to find a good person to run these business with all the political BS, doing the actual work and then being in that much public spotlight for that little money. Add to that they would impose a 20% additional business tax on any profits from these companies in addition to the already government share of the profits from owning that much of the business. Made it an unworkable deal. They basically made it so these businesses would never get off the government oversight again. Yeah that's a posion pill. They need to make the next bill something that would allow the government to recoop most of the money but allow these business to be independant again, and quickly.

I'll be waiting for the "proof". Not some hack writer interpretation of what he said. No offense my friend.

Show me where he said that first. Second last I check each congress critter votes individually, if they didn't like it then they should vote against it. If it was such a great bill, how come Pelosi couldn't even get all the dems to back it. Seems like it was a pig in a poke and a lot of folks knew it.

No he's blaming Obama for being a partisan hack who can't even control his own party. He is blaming Obama for putting poison pills into the bill that prevents the ceo's from earning money and putting a 20% business tax on any profits in addition to the current taxes.

Because you know for a fact that all of those republicans would have voted for it if Pelosi had kept her mouth shut.

Most people are too stupid. They don't realize their 401K and Ira are actually stock. Hell I am in the IT industry with a bunch of folks you'd think are semi-smart. I would guess at least 1/3 don't think the 401k they put money into actually has stocks behind it. They think they are in "mutual funds", not real stock. In fact, I've had this discussion regarding Oil company profits and most think that if the oil companies didn't make money their stock wouldn't be affected. People are stupid and have not a single clue about reality and life. Most could be shot and dumped in the ocean and wouldn't be missed.

I've met R Rich and Lee. They look nothing alike. Lee isn't fat.

A politician that lies. No that's never happened before.

I was always partial to a box of Ho-HOs and a quart of chocolate milk.

It was in the previous century.

If you're talking just AIG I agree. But if you're talking the whole 700 B , then no, I'm right.

Really, I felt it was like watching Obama searching for his teleprompter during the debates. Completely lost.

This is a repeat and the answer is about 3500. And we wonder why we got into this accounting mess. It's because of stupid people like the originator of the article and the poster here who didn't check it before he posted, yet again.

Well we're now 4-0. It also appears that with Jacksonville, we may have beaten an okay team. Seattle is still questionable since their only win is against a worse team in St Louis. So I guess we'll give the band wagon a tune-up, in hopes that we can take it out of the garage in a few weeks. I still think we've got some smoke and mirrors going on. These 4th quarter comebacks work against poor teams but when we play a good team I think we'll be in doggy doodoo land. Anyhow I am enjoying and the band wagon is in the driveway. But, still remaining cautious until we play a team that is "good" and not "injury riddled". That's all for now. Check back in a couple weeks for "How to Curb Your Joy".