Flintlock1776 Posted October 2, 2008 Report Share Posted October 2, 2008 WASHINGTON - The Senate has passed a $700 billion bailout for the financial industry aimed at preventing the economy from plunging into a recession. Democrats and Republicans teamed to approve the bill after sweetening it with tax breaks. The House plans to vote on it Friday. Quote Link to comment Share on other sites More sharing options...
stevebeilgard Posted October 2, 2008 Report Share Posted October 2, 2008 get out your wallet. this is going to cost us... Quote Link to comment Share on other sites More sharing options...
Guest bowhunter/ms Posted October 2, 2008 Report Share Posted October 2, 2008 It is very sad whats happening to the US right now its effecting us too but not as much as you guys. Can I just say i hope things do get better. Do you reckon the bailout is the answer? Its alot of money. Quote Link to comment Share on other sites More sharing options...
stevebeilgard Posted October 2, 2008 Report Share Posted October 2, 2008 no, the bailout is absolutely not the answer. it's a band aid on arterial bleeding. a change of diapers is what's needed in washington, and most of the world. Quote Link to comment Share on other sites More sharing options...
IowaDeerHunter Posted October 2, 2008 Report Share Posted October 2, 2008 Why is gas falling with the bail out? Because of the stock market drop which the oil companies are in the stock market? Quote Link to comment Share on other sites More sharing options...
Guest bowhunter/ms Posted October 2, 2008 Report Share Posted October 2, 2008 Im an civillian aircraft marshaller and I've felt the effects. I've had 3 airlines go bust on me in a matter of months and this isn't the end of it. Gas is almost $10 per gallon, living costs are up. Inflation here is almost 5% Its gettin' beyond ridiculous, and thats not all. Quote Link to comment Share on other sites More sharing options...
JJL Posted October 2, 2008 Report Share Posted October 2, 2008 Senate Passes Bailout...............Markets Fall. The price of Gas, The Markets Crashing,............seems like the Libs will stop at nothing to get their guy into office. Quote Link to comment Share on other sites More sharing options...
stevebeilgard Posted October 2, 2008 Report Share Posted October 2, 2008 Im an civillian aircraft marshaller and I've felt the effects. I've had 3 airlines go bust on me in a matter of months and this isn't the end of it. Gas is almost $10 per gallon, living costs are up. Inflation here is almost 5% Its gettin' beyond ridiculous, and thats not all. obama said months ago that he expects $12.00 per gallon gas here. and, if elected, i think he's correct. the dems want to kill the goose that lays the golden eggs.:( Quote Link to comment Share on other sites More sharing options...
wtnhunt Posted October 2, 2008 Report Share Posted October 2, 2008 obama said months ago that he expects $12.00 per gallon gas here. I remember that very well too Steve. Shame that more American voters either did not hear it or do not also see it. From what I am getting this morning, the bailout has been passed in the senate and goes to the house where it is expected to pass Friday. Would have thought the markets would have responded better on this news. I really did/do not like the idea of a bailout, however I think something needs done and hope that with whatever the outcome that there will be some investigations and charges pursued against those who are responsible for the failures that caused this. Here is a link to the latest story I am aware of on the bailout right now http://www.foxnews.com/story/0,2933,431608,00.html Quote Link to comment Share on other sites More sharing options...
Leo Posted October 2, 2008 Report Share Posted October 2, 2008 I remember that very well too Steve. Shame that more American voters either did not hear it or do not also see it. From what I am getting this morning, the bailout has been passed in the senate and goes to the house where it is expected to pass Friday. Would have thought the markets would have responded better on this news. I really did/do not like the idea of a bailout, however I think something needs done and hope that with whatever the outcome that there will be some investigations and charges pursued against those who are responsible for the failures that caused this. Here is a link to the latest story I am aware of on the bailout right now http://www.foxnews.com/story/0,2933,431608,00.html Excellent link! Both presidential candidates voted for the bill against the popular opinion of their voters on both sides in the face of an upcoming election. That's pretty significant in my book. Quote Link to comment Share on other sites More sharing options...
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