Today's Evil Beet Gossip

Bailout Approved!

The revised $700B bailout plan was passed by Congress this afternoon and signed by President Bush.

Thoughts?

16 CommentsLeave a comment

  • This is absolutely ridiculous! If we were to run our businesses in to the ground by making bad decisions we wouldn’t be bailed out by the government. I cant believe that this is happening. What a waste.

  • Bail them out then bail us out. Whos in debt here? I sure am. Pay off my fucking college debts, bastards.

  • So now Americans are letting the government bail them out of poor financial decisions. Now Americans want government to vote on who we can marry. This is a sad day for middle-class America.
    Where was the government for our farmers? Why isn’t the government protecting our borders and home land. Stinks/smells like and election year!

  • exactly where is this $700 billion coming from? i guess we’ll all just get taxed more… i guess it won’t be -that- bad, after all there are at least hundred million productive, working adults in this country… :/

  • Congress and the Senate are cowards. Remember who did this and vote them out. McCain was part of the bail out of the Keating 5 which is a close replica of what is going on now. We have no one else to blame if we reward these idiots with high paying jobs, and the best retirement perks in the world.

    Defeat all of them in the next election. All of them should go for doing this. Search the records for who voted and work on getting proper representation in this country before we are destroyed.

    Keating 5 info

    The Keating Five were five United States Senators accused of corruption in 1989, igniting a major political scandal as part of the larger Savings and Loan crisis of the late 1980s and early 1990s. The five senators, Alan Cranston (D-CA), Dennis DeConcini (D-AZ), John Glenn (D-OH), John McCain (R-AZ), and Donald W. Riegle (D-MI), were accused of improperly aiding Charles H. Keating, Jr., chairman of the failed Lincoln Savings and Loan Association, which was the target of an investigation by the Federal Home Loan Bank Board (FHLBB).

    After a lengthy investigation, the Senate Ethics Committee determined in 1991 that Alan Cranston, Dennis DeConcini, and Donald Riegle had substantially and improperly interfered with the FHLBB in its investigation of Lincoln Savings. Senators John Glenn and John McCain were cleared of having acted improperly but were criticized for having exercised “poor judgment”.

    All five of the senators involved served out their terms. Only Glenn and McCain ran for re-election, and they were both re-elected.

    McCain is simply not an acceptable choice for the future. Palin may possibly be functionally retarded.

  • um.. excuse me, but more democrats voted for this then republicans so it wasn’t necessarily a republican decision. secondly, this is retarded and last time I checked this country is capitalist, meaning the government doesn’t stick their noses into the dealings of private businesses. and thirdly, to whoever thinks democrats are better at controlling money than republicans, think again. that dumbass freddy mac franny may whatever company went down the drain and that crap was run solely by democrats. i’m voting for mccain/palin. hopefully they won’t bankrupt this country.

  • Did you know this bill has also tacked on a few million in hollywood tax cuts if they produce their movies here, and some arrow company is also getting tax breaks for outsourcing their company to mexico?

    This bill was full of shit, literally. Hence why it was four hundred pages.

    IMO it was a big mistake.

  • Not to pass the bill would have been cutting off America’s nose to spite its face. While the fat cats may not deserve to get bailed out, NOT to have bailed them out would have had a far worse effect on the little guys all across America (and the rest of the world) because of the further damage it would have done to the economy. It’s all very well to bitch about how these people didn’t deserve help, but if refusing to help them had led to hyperinflation and a total crash of the stock market, destruction of the American economy and the European economy with it, then where would we be? Of course it was the right thing to do. Sometimes you have to bite back on the desire to teach someone a lesson in order to get done the thing that is more important.

  • grace- that’s all propaganda started by wall street itself. the economy would be just fine without this bailout. prices were already extremely inflated because banks were giving out loans like crazy and people were buying houses that went up 500,000 $ in five years. without this bailout, prices would go down and the dollar would be worth more in a few years time. now the government is artifically holding up an economy that would very easily repair itself.