Cool analogy I just heard. If you live in an apartment complex and a neighbor starts a fire because they were playing with matches, do you let their place burn down because you're upset with them? Of course not, because your place would also burn down. If we don't bail-out those a$$holes Wallstreet, we're all going to end up paying a whole lot more in the long run. Not to mention, we're not really bailing out the a$$holes on Wall Street, we're bailing out the institutions they left behind. Most of the individuals that collected millions selling mortgage backed bonds, already have that money stashed in off-shore bank accounts.

Call Bush and tell him to shove this up his Cooperate friends arse. Get the off shore money in the Camans hedge funds and pay for this mess.

And what did Wall Street do to threaten the people that have IRAs and 401Ks and Pensions? It dropped 700 poinmts to scare the sh=t out of people so we would run and say Bail them out. I say go to He_l.

Their taking our tax dollars with no Regulation to the Market. The Market will function as it has been. This money will be manipulated by the fat cats and be gone in three months. And we will still be in this mess.

America is in a recession NOW. We have been LIED to by this Administration and Ryan. Wall Street Bail yourself out.

Ryan is not doing his job. He voted yes to the Bail out. In November vote NO to Ryan, Bushs puppet.

girlfromJanesville: about the accounting changes Ryan is referring to: I believe he is referring to a practice know as 'mark to market' Google this phrase to get an overview of the practice. It's a way to fudge the books, and it needs to be stopped.

The credit problem has been brewing for many years. Unlike 911 when the response had to be quick, the response to the buyout has to be slow and concise. The plan has to be a bail out! We cannot allow special interest into the plan. These were the people that helped get us into this mess. We also cannot let off the credit and banking industry, their credit scores need to be posted with their name so we can choose to do business with or without them.

It is outrageous that as everyone is admitting, Americans are overwhelmingly against this bill, but they keep talking about selling the same thing to us. You can put lipstick on a pig, but it's still a pig. It's time to trash this bill and come up with some other ideas. When 300 noted economists say it is wrong-headed, you got to wonder whether it's really for the economy or for the fat cats on Wall Street. (I wrote Ryan too, and I say more people should. He seems to think he knows better than we do.)

If this bailout passes, be ready to pay higher prices for everything. The government can't print 700,000,000,000 new dollars without serious price inflation. We'd have $200 barrel oil and $6/gallon gas in a hurry.

I e-mailed Congressman Ryan and asked him to please not support this bailout. Unfortunately Congressman Ryan decided to vote for the bailout. I am sure that Congressman Ryan received many more correspondences about the bailout. Interestingly I seen on a news program recently, congressmen who were in a close re-election bid voted against the bailout, because there is major opposition to the bill. On the other hand congressmen who are not being challenged for re-election voted for the bailout. Maybe it is time to look for a new representitive,one who looks after his constituents needs, not his rich friends.
There is no guarantee that a 700 billion dollar bailout will work. I also don’t think that people who were fiscally responsible should be punished by having their taxes raised. NO BAILOUT

I hope everyone is writing or phoning their congress person. This whole "bailout"bs stinks. The banks should be allowed to go bankrupt at which time other banks or the fed can them go in and buy them for pennies on the dollar. Some investors will lose out....to bad....They can go on foodstamps along with the rest of us. This "trickle down" economics crap is dead. It never worked. Baldwin and Ryan should be voted out. Baldwin has her head up Pelosis arse and Ryan has his up Bushes butt.

Sorry, wrong article, my bad. But I still find this quote laughable.... "the horrendous failures of the Bush Administration".... Mr.Ryan you were instrumental in that horrendous failure by rubberstamping it everytime they told you to.

“In light of the political expediency of my colleagues and the horrendous failures of the Bush Administration, we will have to roll up our sleeves and go back to the drawing board to enact a meaningful solution to our financial crisis,” he said in the release.

Why was this article edited? Why did you take out the part where Ryan is bashing the Bush policies? Is it because he voted for them so often and would now look like a hypocrite?

Please Congressman Ryan, let's not add any more national debt to our children's future. It will be hard, but we'll all get through the continuing recession.

Paul Ryan is feeding into partisan politics by saying it needs to move left or right. I am SO SICK of the partisan politics! It needs to move in whatever direction will FIX this mess, it shouldn't have anything to do with party affiliation. I don't think we need to bail out Wall Street, they deserve what they are getting. And if you invest in the stock market, you have to sign a waiver stating that you know you could lose it all. No one should be bailed out from bad decisions or from risk that they signed on for. BUT the credit market locking up could hurt everyone. Congress needs to find a way to get the money moving around again without a bail out. I wish I was an economist and knew the answer, but this country is full of smart people and a few of them might even be economists! :) There has to be a solution that doesn't include charging large amounts to the national credit card!

Paul Ryan HAD to vote for this bill. He always has done everything georgebush tells him to do. His voting record is simply "yes george, anything you want". He wants to SUSPEND accounting rules?! Is he kidding?!

To anyone for any form of bankers bailout - how would the U.S. taxpayers pay for a bailout ?
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with tax money? we are already $750B+ into deficit spending for this year's budget.
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by printing more money and adding it to the ecomony ? then prices for everything increase through inflation, and U.S. taxpayers lose even more of their wealth.
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Irresponsible bankers should not be rewarded with our money. This was a Wall St. bailout, not a Main St. "rescue".

When people stop blaming one person and stop the republican/democratic bull crap, they might realize that it's everyones problem and if they don't fix it, it's going to get worse. There's more than one person in the Government people. This is why they vote on things.

More Republicans voted against the bill than Democrats. Looks like our illustrious President George W Bush can't even get the support of his own party to pass something he supports. Is that quacking I hear? Lame duck.......

I thought this was an emergency...a crisis? They can take two days off for a religious holiday? I don't care if it a Jewish, Muslim, Christian, or Athiest holiday, get your butts back to work and save us from this supposed crisis! ! ! ! ! ! ! ! !

And congress wonders why their approval ratings are so low. This is a classic example of the do nothing congress. Nancy Pelosi may well be the worst speaker of the house in history. She is suppose to be a leader and then she starts blaming Bush and not taking any blame for the 13 democrats on the committee that drafted the bill they voted on. There were 95 democrats that didn't vote for this bill. She is a true idiot.

And Pelosi wants to call it a "buy-in". They can try to spin however they want, Americans know the bailout would have been the Wall St. rich getting richer.
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Despite the world is going to end drama by Bush, Paulson, et.al, the Dow is up today by 400 points, the dollar is up the day after the bailout being voted down.

Sometimes, what's in the best interest of the people isn't always what they want. As John McCain now wants to call it, if the plan had been called a "recovery" from the start, maybe it would have gotten more support. I have no problem with the philosophical disagreement, but the masses are not thinking philosophically...they see "bailout" and think this is only helping Wall street.

The credit crunch is already starting.
http://biz.yahoo.com/ap/080930/credit_ma...

Somehow, I suspect that Congress is burning up the phone lines at the very least all day today. Just because the House floor is closed, don't assume nothing is happening.

cozat5...I received this email too. The problem is the math. If you take $85 Billion and divide it by the 200 Million adults 18 and older, you get $425.00 NOT $425,000.00. But in theory it is a great idea.

Though public opinion polls had put the support for this failed bailout at 7%, Paulson, Bernake, and few legislators influenced by special interests will not take "NO" for an answer from the American people.
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Now is the time to again contact your representative (Paul Ryan and Tammy Baldwin both voted Yes for the failed bailout) and let them know that continued support of this plan constitutes a betrayal of the public trust. We will know who has been bought and paid for and no longer deserves to wear the mantle of “the people’s voice in Washington.”
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…NO to the bailout and NO to any congressman who votes in favor of this disastrous piece of legislation that will redistribute hundreds of billions, if not trillions, of dollars out of the hands of honest Americans and grant the federal government massive new powers to control and manipulate markets.
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For any legislator to continue supporting any form of risky mortgages bailouts for the banks is to spit in the face of his/her constituents and reveal his/her contempt for the democratic process and the voice of the people.

Interesting analysis.
http://news.yahoo.com/s/time/20080930/us...

I knew it was to good to be true Darn it!!!

You may want to check your calculations again. I get $425 per person.

Sorry it should be 200 million people, not 310 million

Cozat5:

Use your calculator again. Multiply $425.00 times 310 million and you will come up with 85 billion. It sure sounded good in print but the real truth is only $425.00. That really does not correct the housing or college bills.

there were 95 Democrats who also voted against this thing, including 12 who are on Barnie Frank's financial services committee. If the Dem's really wanted this thing, they had the votes, regardless of how the Republican's voted.

Also agree, no matter whose religious holiday this is,if it is as critical as they claim, the House should get their butts' to work.

It's too bad they had to break for the Jewish holiday. I think congress should be working on this problem even if it's Christmas.
Have we had enough yet?
I'm not taking this crap sitting down, and neither should you!

Since it was the Republicans that voted no that blew it, what does that say for the Democrats that voted no?
Interested in your response.

Instead, I'm in favor of giving $85,000,000,000 to America in a We Deserve
It Dividend.

To make the math simple, let's assume there are 200,000,000 bonafide U.S.
Citizens 18+.

Our population is about 301,000,000 +/- counting every man, woman and
child.

So 200,000,000 might be a fair stab at adults 18 and up..

So divide 200 million adults 18+ into $85 billion that equals $425,000.00.

My plan is to give $425,000 to every person 18+ as a We Des erve It
Dividend.

Of course, it would NOT be tax free.

So let's assume a tax rate of 30%.

Every individual 18+ has to pay $127,500.00 in taxes.

That sends $25,500,000,000 right back to Uncle Sam.

But it means that every adult 18+ has $297,500.00 in their pocket.

A husband and wife has $595,000.00.

What would you do with $297,500.00 to $595,000.00 in your family?

Pay off your mortgage - housing crisis solved.

Repay college loans - what a great boost to new grads

Put away money for college - it'll be there

Save in a bank - create money to loan to entrepreneurs.

Buy a new car - create jobs

Invest in the market - capital drives growth

Pay for your parent's medical insurance - health care improves

Enable Deadbeat Dads to come clean - or else

Remember this is for every adult U S Citizen 18+ including the folks who
lost their jobs at Lehman Brothers and every other company that is cutting
back. And of course, for those serving in our Armed Forces.

If we're going to re-distribute wealth let's really do it...instead of
trickling out a puny $1000.00 ( 'vote buy' ) economic incentive that is being
proposed by one of our candidates for President.

If we're going to do an $85 billion bailout, let's bail out every adult US
Citizen 18+!

As for AIG - liquidate it.

Sell off its parts.

Let American General go back to being American General.

Sell off the real estate.

Let the private sector bargain hunters cut it up and clean it up.

Here's my rationale. We deserve it and AIG doesn't.

Sure it's a crazy idea that can 'never work.'

But can you imagine the Coast-To-Coast Block Party!

How do you spell Economic Boom?

I trust my fellow adult Americans to know how to use the $85 Billion

We Deserve It Dividend more than I do the geniuses at AIG or in Washington
DC.

And remember, The Birk plan only really costs $59.5 Billion because $25.5
Billion is returned instantly in taxes to Uncle Sam.

Ahhh...I feel so much better getting that off my chest.

Kindest personal regards,

Birk

T. J. Birkenmeier, A Creative Guy & Citizen of the Republic

PS: Feel free to pass this along to your pals as it's either good for a
laugh or a tear or a very sobering thought on how to best use $85 Billion!!

Am I the only one who thinks congress should NOT be on Holiday right now and should be hammering away at getting this things done?

Congress either has to add items to the bill to make it more palatable to Republicans or make it more appealing for the 95 Democrats who didn't vote for it, he said.

The statement above by Mr. Ryan is incorrect!
Check other news sites... It was the lack of
REPUBLICAN votes that blew this deal!!

"It's not good to SHORT AMERICA"

Just one more thing: That damn Bush has got this country in debt so bad,I FEEL HE WANTED TO JAB US PEOPLE ONE MORE TIME(A REAL BIG ONE) before he's goneeeeeeeeee!!

RYAN: I say let them rich B. bail themselves out with the profits they've reeped.Plus I HOPE everyone of you that voted for this, loose your jobs.You people ALL need to feel what it's like living on a budget. And the people that live on the credit cards,you all need to be spanked. My moto has ALWAYS been,if i don't have the cash,then i DON'T need it,point blank!!

It's been reported hundreds of constituents have phoned, emailed, and faxed each U.S. Representative in the country to say "vote NO on any bailout". Unless Congressman Ryan can prove otherwise, it must be presumed he received the same phone calls and emails to vote NO.
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Congressman Ryan, please listen to your constituents and let this bailout scheme proposed by the unelected Treasury Secretary die as it should. Let the free market get to work on fixing this risky mortgage mess the Fed and past government intervention has created.

How about it moves to the trash can where it belongs.