Looks like President Bush is getting the his bailout . I do like the fact the democrats are trying to protect the taxpayer.

Congressional negotiators “made great progress” toward reaching a deal on the White House’s proposed $700 billion bailout of the financial system, House Speaker Nancy Pelosi said

Pelosi, flanked by Senate Majority Leader Harry Reid and other congressional leaders, made the announcement around 12:30 a.m. Sunday after a long evening of talks on Capitol Hill.

Their goal has been to craft and announce a final deal on legislation by Sunday, in time for the start of financial markets around the world.

“We have to get it committed to paper so we can formally agree,” Pelosi said.

Reid said congressional staffers would be up all night putting the details so a deal could be announced sometime Sunday.

Under the tentative deal being finalized, the rescue program would be overseen by a board including the treasury secretary, secretary of commerce, head of the Securities and Exchange Commission and chairman of the Federal Reserve, said Sen. Kent Conrad, R-North Dakota, who heads the Senate Budget Committee.

According to Conrad, $700 billion would be disbursed in stages, with $250 billion made available immediately. In addition, the Treasury would establish an insurance program—with premiums paid by the industry—to mitigate taxpayer losses. The bill would also probably include some curbs on the compensation of executives at companies that participate.

Finally, the government would get the right to receive equity stakes in the companies that sell it assets. The measure is an attempt to reduce fiscal risk to taxpayers.

A senior House Democratic aide called it a “framework of an agreement, and you still have to put everything on paper.” The aide added that all sides would have to “review it carefully” Sunday

http://www.cnn.com/2008/POLITICS/09/28/bailout.deal/index.html

And obama’s bailout.. obama is pushing hard for this bailout, as are ALL dimocrats..  You don’t want to seem to face that fact.

That’s typical, act indignent, and blame it on bush.

Well, here it is Monday and the Dems were wrong again there DM!
The Dems don’t need a Republican vote to pass this. Why can’t Obama get his troops in line?

The republicans want a better deal than the obama bailout…

fred - 29 September 2008 03:51 PM

The republicans want a better deal than the obama bailout…

Here’s your better deal:  Dow suffers biggest point drop in history, falling nearly 778 points in reaction to House vote rejecting economic rescue

Bobby Jindal - 29 September 2008 03:58 PM

fred - 29 September 2008 03:51 PM

The republicans want a better deal than the obama bailout…

Here’s your better deal:  Dow suffers biggest point drop in history, falling nearly 778 points in reaction to House vote rejecting economic rescue

It aint over yet boooby… I’ll bet I’ve lost more in this than you have, but I’m not worried.. The obama bailout plan is a boondoggle, a huge giveaway.. The ultimate “golden parachute” for Wall Street.  I beleive a more reasonable bill, one based on loans instead, will be hammered out.

It’s funny, these same investment industry leaders that got us in this mess, are always telling investors on Main Street, “don’t panic, keep your money in the market”..  These same people panic if some sheik in Saudi Arabia cuts a fart.  Part of the bailout has to be to get rid of these azzholes. We don’t need the same people who caused this problem to be in charge of the recovery.

The dims are trying to capitalize on this situation, and peoples fears, to play politics on a grand scale.. The dims had years to do something about this problem, and repeatedly they prevented Bush or the republicans to address the problem. Those opposed to this “golden parachute bailout” gave them a spanking.. And there were democrats among those see reason.

There’s always a drop in the dow before a presidential election, especially when there’s no incumbant running.. It always comes back.. But this one certainly is dramatic.. But then you have a presidential candidate, obama, that has been more devicive to this country than any candidate in my memory.. He cares not for the country, only himself.

fred - 29 September 2008 04:00 PM

The dims had years to do something about this problem, and repeatedly they prevented Bush or the republicans to address the problem.

It’s not the Democrats standing in the way.  They gave Bush the votes they promised.  The Republicans didn’t.  This is McBush’s mess, and Bush and McCain can’t get their own party to back them.

===========

The president reiterated that he had proposed a big solution “because we got a big problem.”

Shortly after noon, less than an hour before the voting began, White House spokesman Tony Fratto had predicted the votes would be there.

“I think we’re going to have a sufficient vote to pass this,” Fratto said at the daily press briefing. “We’re certainly confident that we are. We’re not taking it for granted. These are very legitimate concerns and questions that members have. We’re going to keep working with them right up to the vote. We will not take a single vote for granted. And but then we’ll be watching the members vote just like all of you will.”

Bush spent the morning working the phones, armed with a list of about two dozen skeptical Republicans, although aides weren’t sure how far down the list he got. Vice President Dick Cheney and senior aides, including chief of staff Josh Bolten and counselor Ed Gillespie also were making calls – in fact, “I think everyone with a phone is calling to see if we can shore up a member who may be skeptical of the proposal,” Fratto said.

http://blogs.wsj.com/washwire/2008/09/29/vote-appears-to-take-white-house-by-surprise/#more-6207

Trying to rewrite history booby??  You’re wrong..

fred - 29 September 2008 05:24 PM

Trying to rewrite history booby??  You’re wrong..

That’s the evil liberal pinko Wall Street Journal reporting.  Sorry.

BJ says:
“It’s not the Democrats standing in the way.  They gave Bush the votes they promised.  The Republicans didn’t.  This is McBush’s mess, and Bush and McCain can’t get their own party to back them. “

Uh, BJ, excuse me but the vote was Dems 140 FOR and 95 AGAINST. And Pelosi had to deliver her partisan venom on the floor before the vote blaming the “last eight years” for the problem. Some bi-partisan, across the isle hand shaking!
The Dems could have passed the bill on their own without the Rs help, but Pelosi is such a ding bat that she insulted the Rs and could not even get her own troops to support her.

The conservatives - the R’s voted 65 FOR and 133 AGAINST, who along wht the Dems that voted against ,voted NO as a matter of principle - they von’t want the federal government to be the lender of last resort. God bless them.

charlielake - 29 September 2008 06:14 PM

BJ says:
“It’s not the Democrats standing in the way.  They gave Bush the votes they promised.  The Republicans didn’t.  This is McBush’s mess, and Bush and McCain can’t get their own party to back them. “

Uh, BJ, excuse me but the vote was Dems 140 FOR and 95 AGAINST. And Pelosi had to deliver her partisan venom on the floor before the vote blaming the “last eight years” for the problem. Some bi-partisan, across the isle hand shaking!
The Dems could have passed the bill on their own without the Rs help, but Pelosi is such a ding bat that she insulted the Rs and could not even get her own troops to support her.

The conservatives - the R’s voted 65 FOR and 133 AGAINST, who along wht the Dems that voted against ,voted NO as a matter of principle - they von’t want the federal government to be the lender of last resort. God bless them.

Nice to see the fact that the vast majority of citizens opposed something actually affected a vote…

charlielake - 29 September 2008 06:14 PM

BJ says:
“It’s not the Democrats standing in the way.  They gave Bush the votes they promised.  The Republicans didn’t.  This is McBush’s mess, and Bush and McCain can’t get their own party to back them. “

Uh, BJ, excuse me but the vote was Dems 140 FOR and 95 AGAINST. And Pelosi had to deliver her partisan venom on the floor before the vote blaming the “last eight years” for the problem. Some bi-partisan, across the isle hand shaking!
The Dems could have passed the bill on their own without the Rs help, but Pelosi is such a ding bat that she insulted the Rs and could not even get her own troops to support her.

The conservatives - the R’s voted 65 FOR and 133 AGAINST, who along wht the Dems that voted against ,voted NO as a matter of principle - they von’t want the federal government to be the lender of last resort. God bless them.

So on the one hand, you HATE the minority of Democrats who voted no against George Bush, though the majority voted with him.  Then you LOVE AND BLESS the majority of Republicans who voted against George Bush.  You are part of Bush’s problem, and you blame it on Pelosi, who delivered the votes she promised.  That’s strange, Charley.

With a Democrats control congress,
This bill didn’t need one Republican vote to pass.
With the Democrat in the majority in congress,
NOT all Democrats voted for this bill either.

Bobby Jindal - 29 September 2008 06:27 PM

charlielake - 29 September 2008 06:14 PM

BJ says:
“It’s not the Democrats standing in the way.  They gave Bush the votes they promised.  The Republicans didn’t.  This is McBush’s mess, and Bush and McCain can’t get their own party to back them. “

Uh, BJ, excuse me but the vote was Dems 140 FOR and 95 AGAINST. And Pelosi had to deliver her partisan venom on the floor before the vote blaming the “last eight years” for the problem. Some bi-partisan, across the isle hand shaking!
The Dems could have passed the bill on their own without the Rs help, but Pelosi is such a ding bat that she insulted the Rs and could not even get her own troops to support her.

The conservatives - the R’s voted 65 FOR and 133 AGAINST, who along wht the Dems that voted against ,voted NO as a matter of principle - they von’t want the federal government to be the lender of last resort. God bless them.

So on the one hand, you HATE the minority of Democrats who voted no against George Bush, though the majority voted with him.  Then you LOVE AND BLESS the majority of Republicans who voted against George Bush.  You are part of Bush’s problem, and you blame it on Pelosi, who delivered the votes she promised.  That’s strange, Charley.

The only thing strange boooby, is your constant political hack spinning, even in the face of overwhelming evidence.  Do you actually have a brain at all, or do you just print out the DU talking points to see what you think?

I am afraid it is useless to poiont our BJ’s errors. He must so partisan he is blind. I give up!