Failed bailout=Another Republican Depression. Incumbents out? Probably.

ALL of the Republican incumbents are TOAST; the Democrats did the right thing, the Republicans did not - we’ve had 8 years of failed economics, enough is enough!!!

The Republicans were the ones mainly responsible for the mess we are in so they should be voted out along with Joe Lieberman.

No, it’s still the fault of predatory lenders and those who took out mortgages they couldn’t afford.

Boise, ID

Please, America - VOTE these fools out! We deserve better only if we get out and vote. I had a flashback to watching a group of daycare children squabbling on a playground. These are grownup problems and we need grownups to solve them, so grow up or risk getting voted out!!!!!

Hell Jack. The Iraq war was more then enough to do that. This is just icing on a not so tasty cake!!

no, this was a hard vote. i don’t want to bail out wall street but I’m afraid of what this “NO” vote will do to ME and the little people like me. I’m scared. I’m scared for my family, my job and my parent. What happen to the Good Ole’ USA…..

I’ve got two ideas. One is that the bailout was killed by incumbents either in secure, deep-Red states or ones not up for relection November 4th.

My other thought is a bunch of Republicans wanted to be able to claim they were against it, and accidently killeded it instead of letting it squeak through. Now they are shaken and crying partisan to cover the fact, despite the actual evidence.

It is as good a reason as any, but I thought McCain rode in on a white charger to bring all sides together for a deal. What happened?

Jack,
I’m so confused! I think that’s the plan. Is the bailout a good idea? Are the Dems right or Reps? It’s been a constant blame game and no one really knows much about this bail out.
I do know this much, McCain should’ve stayed home instead of trying to get his paws in the details. Kinda blew up on your face, huh, Mr. Maverick?

After years of feeling lied to by the current administration and guided by horrible finacial policies already. I’m glad that our elected official stood up for us the middle class. Thanks to my Rep Timothy Ryan

This bailout was for the investers of all the big companies that failed so they wouldnt lose their shirt. This is not for the working people. This bill is for the rich. So NO BAILOUT.

Jack,

It’s hard to vote the incumbents out of office when probably neither them, the challengers, the media, the public, or anyone for that matter really knows what the heck to do anyway.

Yes, and from both parties. The exception is the incumbents who have entered office only in the last 2 years. Perhaps then, someone in Washington will get the hint.

The sad thing is that this bailout needed the Congress to be bipartisan. In an election year, much less is a month before an election, that is a very difficult accomplishment. The leadership of both parties had a bare majority to support the bailout until Speaker Pelosi made a very partisan speech before the vote and Senator Obama wanted to make sure he received credit for the bill but not Senator McCain. Those two acts ensured the bill’s failure.

The Democrats mustered over 60% of their delegates to vote for the bailout. The Republicans only got 33% of their delegates to vote for it. If the credit system fails as a result, who’s to blame. Throw the bums out!!!!

Whew, thank God John McCain suspended his brilliant campaign to smooth the way for the swift passage of the financial bailout. That really worked out well didn’t it. What a great mind he has. What great influence he has. What magnificent judgement he displays.

Yes…. obviously they have no idea on how to work for us, work together, or even how to work at all!

If I hear bi-partisan, across the isle, democrat or republican one more time i’m going to throw my plasma out the window. The house & senate on both sides act like a bunch of babies. My 9 year old does a better job of getting along with people. They should all get back to work and be fined every time they mention any of the 4 words above. They are ALL to blame for not being able to resolve this issue. We need some good independents to start running. I think people are getting really tired of seeing the leaders of our country act this way.

The general failure of our current government is reason to vote all incumbents out, bailout or otherwise. Why has our government become a celebration of incompetence?

No appeasement for financial criminals!

We can only hope!

Their 9% approval rating should get them all voted out. Seriously.

Unfortunately Jack the administration has lied so much to the public no one knows if the bail out was needed or not. In any event since John McCain has repeatedly continued lying throughout his campaign and he has been a champion of deregulation since his involvement in the Keating 5 scandal he should go down like a lead balloon.

We should get rid of all incumbents. They have proven time and again that they are only interested in themselves. Maybe if they didn’t have jobs they would truly feel our pain. OOPS, what was I thinking? These are only part time jobs. They only work 1/3 of the year.

Jack, Yes they should be voted out. Get a big bus, put them in it and then stop in Washington D.C., Pick up the Bush administration and their cronies and take them all to Jail.

term limits can you say it with me. or three stikes your out. turn them loose. throw the bums out.

Republican Incumbets only, this is their mess.

The 111th Congress needs to have as many new faces as possible.
As a matter of fact if your father or mother or spouse held the office you can’t hold the same office. You want to serve the public go to another state and run on your own merit. Remember a few years ago in a galaxy far far away politicians were running on the platform of term limits? It’s time to revisit that concept.

EVERY incumbent should be voted out just like fumigating a house to get rid of roaches.

What an absolute disgrace they ALL are…..except for Dennis Kucinich.

He’s the only true Democrat.

Corrected comment:

Jack, the Congressional failure today is only one of a whole host of reasons for not RE-electing anyone - including McBush.

The failures that brought us to this point are enough reason
to vote out all incumbents. The vote failed because some
were listening to their constituents, a rarity that only happens
when we are close to an election.
Yes, we should vote out, impeach, re-call, whatever it takes
to wipe the slate clean, immediately, and get America
going again. These people continue to point fingers and make
excuses.
Once again, accountability never seems to reach the top
of the agenda.

The American people who overwhelmingly disliked the notion of a bailout should celebrate that this corporate welfare package went down in failure. Since when are the taxpayers responsible for the bad decisions of large, wealthy institutions? I would highly recommend that the voters throw out of office anyone who voted in favor of this horrible bill.

We should certainly get rid of every politician who voted for deregulation and everyone who voted against transparency. The government is suppose to be watching out for us, instead they are only watching out for themselves, the lobbiest, and their fat cat contributors. That’s why we’re bailing out Wall Street umpteenth time. that’s why the oil companies are pulling in multi-billion dollar profits and getting tax breaks on top of it. That’s why Haliburton is getting massive no-bid contracts and setting up shop overseas. Enough is enough and it is time to put in strong politicians who will put their foot down on this nonsense.

Jack, we already had plenty of reasons to vote out all incumbents. Voting AGAINST this $700-billion debacle might make me rethink voting against some incumbents. By the way, was this $700-billion “bilout” really funded by another loan from the Chinese?

No. There are many other reasons to vote a lot of these people out of office, but this is not one of them. What we are seeing here is a genuine difference in opinion about the nature of the crisis, a trust issue with the current administration, and the socialistic direction this Plan is taking the country. A bit more time to reflect on this Plan may is not going to cause the sky to fall.

Bob
Welaka, Florida

In 2008 the Finance, Real Estate Insurance industry poured $339 Million into the Washington political machine. I gurantee this is part of the reason the bill is a failure. While some in Congress may finally be listening to their constituents who are mad as hell, Congress is a slave to special interests.
We need term limits and real campaign finance reform.

If the failure to pass the bill isn’t enough the partisan bickering certainly is. Maybe we will all get along better when we are in the poorhouse.

Mike in Atlanta

The balloons have popped folks, the party is over! this might be the moment when we Americans realize how much political power we really do have. Enought is enough; George Bush=impeachment

Yeah! let ssend those “free market loving, No regulation lover, cheat me out of my money because they want to be reelected” packing.

Jack: It is enough reason to vote all those inepts out of office…..I think Pelosi said it well, “They claim to be free market advocates when it’s really an anything-goes mentality: No regulation, no supervision, no discipline. And if you fail, you will have a golden parachute and the taxpayer will bail you out. Those days are over. The party is over.” Now it is in God;s hands, and I’m not so sure he has the answer……it is apparent our government does……….just keep electing these individuals……..and soon the gates of hell will be toll free.

When I heard on the radio that the bill failed, I got angry and wondered which way my Congressman (Rep. Bruce Braley) voted. The House’s web servers have been overloaded, and I couldn’t get to where I could find my Congressman’s Washington phone number so I can get from one of his aides how he voted.

Here’s my point on this: Whether the incumbents get voted out depends on who voted for and against this bill and which way each individual voter stands on this issue. If they’re represented by one of those 180 or so Republicans who voted against the bill, and they are for its passage, then those GOP reps are in trouble. However, if they were for its defeat, then they’re safe. It all depends on the voter and the Congressman.

If they didn’t like the bailout plan - why didn’t they present a better one for them to vote on. The economy needs to be stablized sooner rather than later. This is a case where something has to be done. What are they waiting on for someone they know personally to lose their house or something equally disatrous before something happens.

I am a Democrat and just watched Nancy Pelosi give a moronic
self serving statement over the failure of the bailout to pass. 94 Democrats failed to support it. She should go- preferably today.

The incumbents should be voted out of office, but not because the bailout bill didn’t pass. It shouldn’t pass as is.

The oversighters would have been the same people that caused the problem in the first place.

The CEOs would keep their multi million $ byebye bonuses.

Bad bill all the way around.

A clean slate of legislators are needed.

I should hope so. The House GOP should be purged.
But worse, this vote was nothing more than Republican posturing. Nancy Pelosi says something AFTER the deal is negotiated, they get mad, and screw the American people? How infantile can these Congressional blowhards get?
I’m glad I’m a Democrat.

I think the Republicans wil be voted out of office because of the president.

This is looking very bad for the republicans. The democrats are leading the way on the vote. McCain couldn’t get the votes to do the work. Isn’t this the reason he rushed back to Washington? His own party won’t back him so, yes, all the republicans should be voted out.

Jack,
I never thought I would cheer (didn’t say vote for) House Republicans but I do in this instance. The bailout, as I read it, does not “cap” CEO pay - it only limits the deduction their Company may take. The CEO only cares about his pay check, not the company’s deductions. This plan did not satisfy this requirement of the public. Better to literally cap salaries at $500,000, then CEO’s would be very reluctant to take their company to the public trough. The bill can be better.
J. Michael

I have yet to find out how the figure of 700 billion was even arrived at. Aside from that .. which encumbents would you vote out of office? The ones who said yea or the ones who said nay?

Jack, today’s vote was a result of Republicans being so scared of being associated with the failed policies of George Bush that they put politics ahead of the welfare of middle America. The real vote will take place on November 4th.

Jack:

No, it is not the failure of the bailout, it is the fact we are even considering a bailout for these idiots. It is not the tax payers job to go around bailing out Wall Street and big business because they don’t have the sense enough to come in out of the rain.

Let the idiots fall on their faces, let their businesses fail, that is the only way they will learn. We do this bailout all they will have learned is the government will step in every time they screw up. I do not support the bailout and I do not support any politician who supports this bailout and I will vote against the ones who do, to include the Presidential Candidates.

No… But the current condition of the U.S. treasury is.

As I write this there is supposed to be a vote on the bailout scheme. But don’t vote on one fiasco, consider the whole 8yrs of damage done to this country, then vote all the incumbants out of office.!! Lets get 435 new faces and mixed parties in congress.

Jack,

I’m not an economic major - but after reading the proposed bill - I believe that Congress got this one right. For starters how did the treasury come up with this $$ figure? As a tax payer - I don’t think it’s right for our funds to be used to bail out companies for making bad investments while they earned millions of dollas on those investments previously. Over the past few years our income has gone way down while cost of living has gone way up. If anything Wallstreet needs to try and help the tax payers - not the other way around.

People losing their life savings is reason enough

This is one of the most distressing questions you’ve ever asked, Jack. Maybe it’s time to vote the voters out, too. Even if a new broom sweeps clean on Capitol Hill, what’s the point if the American people don’t start taking their election responsibilities more seriously? If you keep handing your keys over to the smoothest talkers, you can’t be surprised when your home’s been trashed and your car’s been taken for a joyride.

Recent polls have indicated that most Americans do not support a $700 billion, taxpayer-supported bailout of Wall Street. It seems to me that the Republicans, and not the Democrats, are largely in line with what the voters want. We’ll find out in November, won’t we?

No, I do not think there is enough evidence at this time to decide to use this vote to kick the bums out. I would like to see what happens next. If all heck breaks lose in the economy, then maybe we should vote them out. But if there is a bump but nothing earth shaking then it may prove them smart and courageous.

This bail out is equal to over 2 billion dollars per person, for every person in the entire United States.There are people dying in the USA because they don’t have food, medicine, or even a home to live in. Think about that. 2 billion dollars per person from this bail out plan to save the fat cats who cared more about moeny then the people in the first place.

Wall Street is failing because the greed and corruption has gotten so bad that it needs to be purged.

Not passing the bail out is a good thing. The wall street goons are captialist till they’re not makign money then socialist till they get money from the government. Then it’ll be back to capitalism. It’s sham. Rip the guts out of wall street and start over with regulation and oversight.

Jack,
Yes! 99% of them. If they aren’t coming up with the money, take the foreign aid that is being giving away and let it help us, the taxpayers. After all, it’s our money. Look out for our butts FIRST.

It’s obvious that those responsible for passing legislation to resolve this sitaution are not able to effectively speak to the need for why such legislation is required. It’s far more important to get re-elcted and hold a banner of partisan politics for this election cycle then to deal with real issues. I say we do them all a favor and see if they can find work in a economy which they have worked so hard to create. Maybe that will be the legacy vote they all need.

Jack: Only those Senators and House members who voted with former Senator Phil Gramm to dereuglate the banking industry back in 2000 should lose their jobs. Dereuglation has caused all this mess under the deguise of free markets. President Calvin Coolidge said “anything which good for business is good for government.” Calvin was slow, but got out of office before the stock market crash of 1929. Business is not the caretaker of government, but rather government is business’ conscience. Remember, Jack, you heard here first.

John
Alabama

Most people are against the bail out, but it would have passed if Nancy Pelosi had kept her big mouth shut. way to go Pelosi. This has been the most do nothing congress in History. Why would anybody in the world vote for a democrate. This country is in a crisis, or so they say, I don’t trust any of them. Why should the taxpayers bail out wall street. We can do without wallstreet, but wall street can’t do without main street.

Jack, why don’t they televise these “secret” meetings? Are they afraid we’ll see them talking to their lobyist friends, or is it they don’t want their constituents to see how childish they really are? If they really want to do the peoples business, I say televise the meetings and prove it!!!

Actually it reminds me to vote all Republicans out of office. Bush and all the others don’t seem to know how to communicate the consequences if we do, and if we don’t pass this bill.

Just vote out the the idiots who voted against this bill and take away their retirement . They just decimated mine.

I will not vote out Rep. Miller of Florida because he had the guts to listen to the people of his State. When I spoke to his office they said that they had very very little support for the bailout. Therefore if my congressman voted with the people I will vote him back in……

AMERICA SAID WE WANT RESPIONSIBILITY AND THOSE THAT VOTED AGAINST THE BAILOUT LISTENED!

Milton, Florida

No. The Democrats in the House came up with the votes they said they would.

The Republicans did not.

Yes. Especially the Republicans. McCain charged in to lead the troops in the Republican party and they all retreated. This whole debacle is thanks to the Republicans. Vote them out and get people in there who care about America first, not their party.

Part of the problem of this financial crisis is foreclosures and people with to much debt. They can’t promise the taxpayers their money back from this bailout. How about giving each taxpayer 1 Million dollars that they can only use to reduce debt or put in savings. Sounds like a win/win to me. Banks get their money and the taxpayer gets something besides the shaft for once. It’s alot cheaper than 700 Billion. Thanks for all your work Jack, see if you can get this done.

Enough of letting political parties get in the way, enough of letting the upcoming election alter the way these politicians are voting. America and the world NEED this buyout. The bottom line is both Democrats and Republicans failed to do their fundamental job of representing and protecting the constituents - the American people.

Does that include the two that are running for president and the one running for vice-president? Can we start at the top?

I am a democrat, but on this subject I actually side with the conservative republicans in the house and would actually vote out anybody who supports the bailout.
This financial mess we are in, was created by the thieves in Wall Street who now want to scar everybody to death, so they can be rescued by the taxpayers.
We are not a socialist Nation and I hope we never become one.
Let the market fix itself out and the fat cats in Wall Street suffer for a while.
This bailout is bad for America, bad for taxpayers.

Jack, forget the bailout, overall both parties have shown they can not make a decision or even be on the same page on any issue concerning this country. First we had to listen about Wall Street greed, now for the rest of the week we get to here about our elected officials egos.

Jack, these incumbents can go on a nice vacation…say southern Waziristan? John McCain can be their tour guide. I heard it is nice there in mid November.

I am disgusted with every DEMOCRAT and REPUBLICAN who voted against this bill! How is it possible that the most fiscally irresponsible congress in the history of the US, suddenly on the eve of the most important vote on the largest financial crisis since the great depression SUDDENLY gets religion. Everyone agrees this is a horrible bill. BUT IT’S BETTER THAN NOTHING. The resulting shotgun wound to the economy of NOT passing this bill will cost the overall taxpayer FAR in excess of $700B, and individual citizens their jobs and livelihoods. Its like the economy is drowning in the middle of the ocean in a hurricane, and we are quibbling over whether or not we should be rescued in a life boat. Is a lifeboat the best vehicle to be stuck in during the hurricane? Clearly not, but it’s better than swimming!!! For those congressman who say their constituents are all against this bill (but who secretly hope it will pass, so long as they don’t have to vote for it), I say this… you need to explain to your district’s voters why not passing this bill will hurt them. You asked for great responsibility when you ran for congress and have spent years voting for funds to study the mating habits of bald ostriches and other absurd earmarks (democrats and republicans). Its time to man (or woman) up, pinch your nose and vote for this bill for the good of your COUNTRY!

I am very curious to know how many democrats and republicans in the House who voted against the bill are up for re-election in November. I think the answer will show that those who opposed this bill were more interested in keeping their jobs than helping the American people.

it does not matter to the RE-Pigs A.k.A. Republicans because they have most of their money is other markets. Therefore they are in a win win situation.

When America goes belly-up and we will, foreign investors will buy us out and the elitist Re=Pigs will have their hands in both cookie jars.

I don’t think we should vote them all out. I congratulate the representatives that voted no. Why do all of the media and representatives on television say we must have this bailout? We cannot trust our elected officials to use the money wisely. Also, there are those of use who have already suffered the consequences of this economic situation. I am a real estate appraiser, appraising in Arizona for 25 years. My income has dropped to pratically zero over the last 1-1/2 years and I am now forced with trying to find employment in another field at the age of 55. The entire housing industry has already suffered greatly including appraisers, real estate agents and builders. We have already hit the bottom, why should anyone else be bailed out? The government is too late. If they want to pass a $700 billion bill how about dividing it up equally to the taxpayers. That should stimulate the market. From looking for new career at 55.

I read this preposal on monday, on wednesday i looked at it but did not read it. there fore i do not have enough information to comment on it at this time. I will suspend my campain,so i can pretend to give a S#@T, until i resolve this issue. Or not.

Jack, It’s more like the straw that broke the camel’s back.

Who ever put us in this mess; should be accountable for his or her mistakes. So dems and reps alike should pack up and find another country to help out.

This is what happens when you get a country that thinks they’re entitled to material things, bank CEOs that think they’re entitled to unheard of compensation, a congress that thinks they’re entitled to unlimited power, and a president that didn’t have a clue.

My IRA is falling as we speak. The house republicans are now pretending to come to the rescue after siding with Bush for 8 years, obviously a transparent ploy to hold on to their jobs. The democrats are the lesser of two evils, and maybe this country might find prosperity if those who sided with great wealth had at least two terms on the side line. I say throw the bums out and let them live off all the wealth they accumulated in the last eight years.

the basterds wanted to save their jobs, lets face it….many in america did not want this bailout….so the politicians listened to the masses who know nothing about economics…now the snakes can sloither home and pander to their constituates….so they can be reelected…..country first! indeed! meanwhile how ar the rest of us going to survive? no college loans , cut backs everywhere..this is the most disgraceful action by men and women listening to idiots

Absolutely!! This is a sad day to be an American. There must be a mind set change in this country, and it must start with the people. We must take back our government. We must become engaged and stay engaged with all the issues. We cannot trust either party to do the right thing any longer. To both parties, only the results of their next election matters, not what is best for the country. We need to find citizen politicians again and do away with the political officeholder for life crowd. And by the way, is either candidate for President capable of turning this mess around? That suggestion is laughable.

Jack,
Failed bailout only means to me that those reps up for re election fear losing their seats in Congress (equals job loss, with substantial benefits?How does that feel?). Nancy Pelosi needs to be impeached with Bush & Cheney. We the people are down, but not with out tails between our legs. We are snapping and snarling like pit bulls at the people who caused this American tragedy.

That still leaves you with 49 Republicans in the Senate, and Republicans with the majority, and they would control the House so my answer is no. The people at the lower end of the money chain have seen this coming for a long time, of course we don’t have any say, so now we are in this mess brought by the Non-democratic ways of doing business, but it is the capitalistic way of doing business that has causes all of this mess. Haven’t youn heard that money is the root of all evil, and those how are put in charge of large amounts of money without any tether, will usually steal most of it, if not all of it. Just remember, the Republicans wanted to put Social Security into this crazy system that is run by a bunch of thieves. If it now means that there was $700,000,000,000 to make them whole, where did it go. The answer is into the pockets of thieves.

One can only hope and pray! God help us all!!!

Jack, I am unashamed to admit that I’m a capitalist to the core but capitalism without prudent regulation is a recipe for disaster. Throw out the de-regulators because this country is built on “We the people”, not We the Corporations”.

Darren
Seattle Washington

REPUBLICANS SUCK !!!! GET RID OF ALL OF THEM !!!!!
They are the cause of this market disaster with their ideology of let business screw whoever they want as long as they get rich, and when they ended up screwing themselves and the democrats went to the mats to help clean up the mess they walked away from the american people and the best interests of the american people just like republicans always do. Selfish, I don’t care about anyone but myself, bunch of useless politicians.

Throw out the ones that blame others. We need a group of citizens, representing us, that can (and will) listen to and process facts and data and work together in the best interest of Americans in the short and long term, as well as, take responsibility when a their actions do not work as well as when they do. You know Jack, grown ups.

The incumbants are using this issue to take a stand - one supported and encouraged by your own Lou Dobbs. We are no longer a two-party nation. Many of those who are listed as Republicans are actually Independents using issues to establish themselves as a voice to be reckoned with. It is time for McCain to come ‘out of the closet’ and admit he and Joe Lieberman are leading the revolt. Then we will know what we are up against and can more wisely act when we vote.

Let’s see…the same politicians who allowed this mess to happen believe that we should re-elect them? The same politicans who allowed corporate lawyers to write the laws which led to this crisis expect us to support them? The same politicians who refuse to hold CEO’s accountable for their thievery expect us to vote yes? The same politicians who will still get their tremendous perks and benefits really expect us to lie down and go along with this latest assault on our democracy? I smell a revolution.

Funny how the Republicans can ruin the economy, but when it’s time to fix it, they run scared. They do not want to take responsibility for their actions, but the American people will make them take responsibility on November 4th. If this doesn’t show the American people Republicans don’t care about the average person in America, I don’t know what will. You people need to open your eyes and realize the Republicans are playing w/ American money and it’s time to take them out of power before they ruin our whole country. They’ve gotten a pretty good start w/ the War (w/ no weapons of mass destruction) and the economy. We need to ban together and BAN the republicans from public office. They don’t deserve to sit around for another 4 years and mess up my future goals! Obama 08!

Maybe if the economy tanks into a depression before election day, just maybe….Nah! After today the elephants can rewrite their responsibility for this mess so they can campaign against those cowardly liberals that want to bail out wall street and spend all that taxpayer money. Guess they think the $600B or so spent in Iraq was a good investment.

This administration has destroyed the country. The Republicans have played the primary role in that destruction. Democrats that were elected in a landslide to turn things around have failed. So, if it takes a completely new slate of legislators to make the changes that are required…so be it.

What are most of you people talking about?? God Bless the people (both Dems & Repubs) for voting this down!! It’s about time we take responsible for our actions - remember, WE voted them in office to begin with!!

And being from MA, Barney Frank will NOT be re-elected - he was a main driving force for the Community Lending Act!!!

Turning those in power out is usually not a bad thing, because the longer one is in power, the more likely it is that power becomes the goal. Certainly, those who couldn’t get over their own polictical agendas, and decided to play chicken with our jobs and retirement should be turned out on their ears. The ones who made an effort to get us through this, and were willing to take a risk to do something to turn things around might get another chance.

Eliot Solomon
Brooklyn, NY

I think we should vote them all out. Call it economic term limits. They have failed every sincle US citizen…man woman and child. They don’t deserve another chance,. Let them go look for work and see what the reality of the job situation and economy really is like.

Just goes to show that the Repubs. are in the pocket of thier corporate overlords.

Jack,
I think these past 2 weeks are more proof than ever, that we need term limits in the Congress. Lifetime politicians forget how to act like rational human beings and are not able to see past the next election.

Jack,The Democrats showed courage with the bailout.The Republicans didn’t.Pelosi was stupid to allow this vote without
assurances of a 100 Republicans voting for It.Get ready for a
Democratic landslide In 2008.Maybe then we can get a bill more aimed at helping those hurting and eliminating golden purchates
for those like Carly Fionia.

Since nobody has convinced me that we need a bailout in the first place, I believe it should be the other way around. Almost noone outside washington or wall street believes that a bailout is necessary. I say let the people who caused the problem in the first place pay for the bailout. I.E. Warren Buffet who has recently used his own money to bail out companies. We must ask ourselves the question, who stands to lose the most? The taxpayer, or the wealthy wall street execs? Typically, the person/persons who stand to lose the most, yell loudest when something goes wrong. In this case, I see the Whitehouse and wall street yelling the loudest, and since the people have heard that we are going to pay for the bailout, we have been yelling too, but it seems nobody is listening. Or perhaps they are.

The republican congressman’s comparison today of this bill to the bolshevik takeover in Russia in 1917 is offensive and ignorant - typical right wing rhetoric. I agree that Ms. Pelosi’s comments today were probably over the top as well, but for the republicans to be “angry” and vote against this bill as a result is childish - talk about not putting country first. Vote the republican bums out!

am very curious to know how many democrats and republicans in the House who voted against the bill are up for re-election in November. I think the answer will show that those who opposed this bill were more interested in keeping their jobs than helping the American people.

Jack, I don’t think voting all of them out is the answer. Instead, everyone should vote across party lines. If we can’t get rid of the 2 party system - which no longer seems to work - then put one party in across the board. I would prefer the Democrats

Speaker Pelosi’s speech was in line with her job. She was reasurring americans that this predicament that the nation is now in will not happen again. Of course the Republicans who caused this horrific disaster know the blame lies with them and therefore use her speech as an opportunity to screw main street, AGAIN!

Hi Jack.

Easy Yes to ousting incumbent Republicans and their economic philosphy that yielded this mess. But more importantly, why isn’t anyone stating the obvious question re Candidate McCain:

L. Graham said “thank god John McCain [suspended his campaign] came back” because he was the savior for this plan - so what do they have to say about themselves now? The grand stunt has been revealed for what it was. McCain only hurt the process, and certainly did not do anything to help foster a deal.

The whole Congress should be purged. This Congress has had the worst approval ratings ever. Until the voters take a stand and say “enough is enough” nothing will change. Whether you are Democrat or Republican you must agree that neither party has put the citizens of this country first.

Mary
Santee CA

While I am very wary of the bailout, at least the Democrats were willing to work a compromise, even as hard as President Untrustworthy Bush was pushing for the bailout. McCain came in, muddied the waters with his white horse, and ran off to the debates where he got knocked off that maverick steed. But the Senate and House are both tainted by years of partisan politics and even with a new face in the White House (whoever wins), I can’t see them pulling together to do anything to get this country back on course.

I think a lot of “politics-as-usual” multi-term Senators and Representatives will find themselves in a no-win situation back home. They collectively let this happen, no matter which side you voted on, and will pay the price. Even the ones not up for re-election at this time may find themselves in recall elections or votes of no confidence and can pretty well kiss their perks goodbye in the long run.

We should keep the incumbents because they have proved their worthiness, by doing the bidding of the people. They have finally listened to the people and rejected this ludicrous bailout. We will no longer be frightened by the robber barons, banks, and the Federal Reserve into giving up our livelihood. Down with the Federal Reserve, fractional reserve banking, and predatory credit practices which are all responsible for killing our economy, purchasing power, and lowering our standard way of life.

Craig, San Antonio, Tx

Don’t get me wrong, I’d love to see them all go, but it won’t help to just replace them because the current system doesn’t function to represent the people and, last I heard, that’s what it’s supposed to do. I’m pleased the bailout was rejected, of course, but it was rejected because the Republicans see it’s passage decreasing their chances for re-election, not because the middle class is sick of paying for this party we haven’t even been invited to. It’s less than even a bittersweet victory that they did the right thing for the wrong reasons. If it’s the Armegeddon, the rich are going down with me! Little justice, but it’s a start. Susanne, Trumbull, CT

Unfortunately, we can’t vote out the ones who voted against the bailout. After all the months of this administration saying that the economy is fine and then turn around and say it really isn’t, it makes one wonder if this is the so called October surprise, only a little early. And a whole lot worse.

Jack, I think Nancy Pelosi said it best, “The Party Is Over!” and I am talking politicians on BOTH sides of the Aisle.

When you say bailout, people automatically think blank check. What amazes me is our representatives have not told the people what informed citizens such as myself and Warren Buffett know - this is an assett purchase - the taxpayers have little to lose, and could potentially gain. What the real issue is hinges on the 5 weeks the Congressmen have left to run campaigns and how they are more interested in a re-election than helping their nation.

After today, anyone still voting for a Republican, incumbent or not, should question their own sanity. If they are living on a pension tied to the Wall Street, they better reconsider their options. It was eight years of Republican greed and deregulation that got us here and they aren’t helping us get out of this mess.

if you have been in office for more than 7 years you should be fired.

I can’t even speak, I am watching my life savings go down the tube as the market tanks, and the MORONS in Washington still have to point fingers like 2 year olds.

No. That’s overkill. But we should look at how each member voted on the issues relevant to us. I am shocked that the Republican House leadership would blame a “partisan speech” by Nancy Pelosi for having members vote against a bill. That seems childish and churlish, and that kind of reasoning behind votes should disqualify members from reelection.

Stop all the political bull!!! and finger pointing. You have to do some thing to help main street America! Yes give Wall Street 700 billion dolars, they will know what to do with it, just like Citigroup trying to buy Wachovia, who’s kidding who!!

No, the ones who voted against the bailout are heroes–and I’m a Democrat. Why not ask Big Oil and Halliburton and the combined bank accounts of Cheney/Rumsfeld/Wolfowitz/Bush to pony up before the taxpayers pay to have these criminals “jump bail.” I will now have to work 4 more years in order to make up the difference in my 401k losses. Also, if bank fees were reduced, that would put more money in the economy.

I think the reason for the bail out should get people to vote against the standing GOP that are in office now. I would say Democrates too but as they had no Majority until a short while ago and Bush vetoed anything they tried to pass. Then the buck stops with the GOP running the country to the ground.

Jack,
What are we waiting for, let’s start over includung the Supreme Court. I’m sure our Fore Fathers have rolled over enough. Maybe that why these Hurracines and Earth Quakes are hitting us. I agree we need CHANGE, the whole darn bunch.

Dennis
Ama., TX

I have watched with total amazement and disgust at how the “leaders” of this country have talked about working in a bipartisan manner and then go on television and put their own egos above trying to find a solution to the present financial mess we find ourselves in. It appears to me their own political self interests and poll numbers are more important than truly working together to help Main Street America. Perhaps they should get out of Washington and work Main Street America and live on what Main Street America makes.

Jack a group of leading economists, not from wall street need to decide what to do. As for the incumbents the Republican’s chips should fall whre they may. This bailout was like giving a blank check to a drug addict.

Absolutely all republicans. After all, having a majority in the house for the past 2 years for democrats is not control, when you have Lieberman saying he’s an independent in the senate and siding with the republicans, together with Bush veto happy on anything that didn’t funnel money to his cronies. Regardless of the results of the bail out, all republicans should be replaced. They should also enact a law placing term limits on all public offices (no matter what their affiliation is) and taking away their hefty lifetime retirements and other benefits, because once they are in there for more than 2 terms they are usually in somebody’s pocket. Plus many of them have never worked an honest day in their lives in order to relate to their constituents.

That, Jack, is what the GOP is counting on. If all incumbents are thrown out, then they get the house back. They’re just playing this up for all its worth. Pelosi and the Democrats are in a corner. bush’s policies have led to this disaster, and now that he’s asking for a bailout (like he has all his life when he’s failed at one thing or another), the GOP smells blood. They can claim they’re protecting the taxpayers, but I suspect a number of them were probably short selling on the market today knowing their “Nay” votes would drive the market down.

What does what Pelosi said have to do with a bailout bill that the republican said they will vote for? Republicans wants to look like they are on the side of the American people. They are playing politics with this very emergency situation.They will loose this election because of this stance.

I’m glad the Bailout plan failed, it was rushed through and poorly put together. What upset’s me the most is all these Press Confrences telling the side of the 205 Congressmen and women who voted for it . I’ll like to see a Press Confrence with the 228 who voted against the Bill. I thought majority ruled in America or is it Corperate controled Media and Government. By the way Jack I’m a Democrate but right now I have to thank the 132 Rep. who voted against this crap.

Jack, Things are getting even more ridiculous every day. A republican president requested this bailout, a republican presidential candidate suspends his campaign to go to Washington last week about the bailout and ruins negotiations, and I just watched a news conference of republicans house members complaining about something the Speaker of the House said earlier today that offended them so much that they weren’t able to get enough votes. You just really have to wonder about these “Country First” republicans.

Jack,

It’s difficult to say right now if the non-passage of the ‘bailout’ bill is forcing the Dow into the tank. I think we need to wait to deliver judgement until we see how the market reacts once it has had time to do so. Right now, my belief is that the market is still in limbo because of the discussions about putting the bill back on the table. i think the Wall street guys are nervous that we all might still get stuck with a reckless, stop-gap bill that doesn’t actually help.

So, no–the failed bailout bill is not a reason to vote out incumbents. It may be a good thing. And we need to recognize the brave Representatives on both sides of the aisle who had the gumption to stand up against the intense pressure they were facing.

Jack, What a great idea!!! I’m with you on this one, The new bill should includ term limits for Congress, and the Senate. Maybe that’s the change we REALLY need.

Yes, and let’s get new one’s in there to do the job right.

hi jack
the GOP need to be put out now,they need to grow up.if you cant stand the truth you need to change parties.no guts GOP just like McBush.
clearwater,fl

Barny Frank was correct.

A “pox” on those that don’t think we have a need for a bill.

The failure of the bailout isn’t reason to vote the incumbents out..it’s the fact that we needed the bailout. If the members of congress spent as much time doing the peoples buusiness as they do patting each other on the back,we probably wouldn’t be in this mess.

C Keeler
Denver,NC

Jack,

Yes, the incumbents should be voted out. But there’s one problem - the label “incumbent” is not on the ballot. Only their party affiliation is….

Does anybody in Congress, or the media, understand what is happening? I include the media because from the beginning they have poisoned perceptions by calling this a “Wall Street bailout”; it is not. Wall Street is but one component; this is a credit/liquidity crisis. Anger against the excesses which have been identified is valid and must be dealt with, but not now. The immediate problem must be addressed because without it, credit and liquidity dry up, and nothing, nothing will move. What is before Congress is a credit/liquidity stabilization plan; this is what must be addressed now. And now I’m listening to the partisan finger-pointing - this is absolutely childish. Did those who voted against this do so because their feelings were hurt, or in response to polls that stated that their constituents were upset? Of course they’re upset; they have been prejudiced by the presentation of the crisis. But we elect our representatives to cut through excrement, to have the courage to tell us the truth regardless of the consequences to their political careers. These fools have just exacerbated this crisis, and Main Street will now suffer greatly as credit and liquidity dry up. May be its time to start over!

john mccains camp just released a press statement three hours ago giving credit to the maverick with hopes that the bill will pass.Another famous bridge to nowhere.

The main incumbent to be voted out is the ultimate failure of leadership, Nancy Pelosi. This woman just can’t help shooting off her mouth in her usual partisan way. Despite much of this financial mess being caused by Democrats and their forcing banks to give mortgages to unqualified people in the name of “diversity”, Ms. Pelosi and her media allies keep perpetuating the myth that the financial mess is all Republicans fault.

I don’t know Jack. Sometimes it’s better to stick with the devil you know. Replace the incumbents and who will we get? A bunch of Sarah Palin look alikes? Be careful what you wish for.

All of the congressmen and congresswomen need to be voted out. We need people with common sense and not life long congreemen or congreewomen that are more interested in lining there own pockets with speical interest money. Why has not any of the congressmen or congresswomen been asked to give back there money they recieved from Fannie mae and Freddie mac. I think this is a problem finacially on the markets because all of congress are crooks and fixing to get caught with hand in the cookie jar. They stole all the Social Sercurity and now the 401 k’s.

i’m sitting here in front of my tv,watching the stock market dive. should they take the dive too,of course. this is more against the wellfare of the american people than for a bailout. i can’t believe that they caused this problem but do not want to take responiblity for it.isn’t this the republic way. if everything is going great it is all because of what they did.if it goes down the tubes not us.i guess mccain has no real clout in washington.give us the names of these idiots so they can be looking for another employer. it won”t be us.thanks jack

Definitely Jack, I say throw the Bums out. The blame game I saw today was pathetic. Is this what we’re paying all of these elected officials to do? Out with the old, in with the new and improved.

Has anyone besides me noticed that Black Monday was also the last Monday of September in 1929?

well Jack, my first reaction was to lock my doors. I suppose the SEC will close the Street after today, banks will close their doors and how will we get our paychecks that are suppose to available in our accounts.

If something isn’t done, I fear we will see the effects of a deep depression. Let’s see what happens. My parents made it through the great depression but they had a place to grow their own food…..how many Americans can do that today.

Now we can watch another political party come to the rescue, but not until everyone out there has nothing left in their retirement accounts or mutual funds and the people on main street are without jobs, homes, toys, etc. STONE SOUP anyone?

Mr Cafferty,

Although I am Canadian and maybe will be affected as well, I am happy that the bill did not pass. I am sure Bush and his millionaires friends will feel a taste of revenge from the hard working middle class. Solution? Give that 700B to people who needs it. Why giving it mostly to rich and crooked people? Enough.

DITTO to Ann’s comment. Act like adults. Act like you care !!

It’s reason enough to get rid of every last incumbent that didn’t vote for the bill, but not those that put the interest of the country first.

The fact that a bailout was needed - in itself - says that those responsible, the current administration, should be held accountable. The house republicans, wanting to distance itself, from the administration, voted against it - dooming the country. What does it matter what Pelosi said. Don’t these guys know that it is the bill that’s on the table - not Pelosi’s speech. Politicians - all they care about is a vote.

Let the Banks Fail. I’m tired of hearing people say we need to bail the banks out. The Banks became greedy and now the banks and the U.S. government wants the tax payers to bail out Wall Street. Where was my bail out when I had to shut down my small business and loss tens of thousands of my own money.

Jack
Senate should freeze all the assests of All CEO’s including their GOLDEN parachute of these trouble companies, Who had made their fortune for last several years.

I actually wrote to my representatives and told them taxpayers are tired of paying for every little whim and wish of government. When the government refuses to assist taxpayers, not bail out, and want to bail out and give everything to the people that caused this mess, it is all wrong and we shouldn’t give them a dime. Not that a dime is worth anything anymore.

I think no one should serve over two terms anyway.The people that are blaming Washington for all the problems are Washington. Obama amd McCain both have been in office for several years.They are part of the problem for not seeing this upcoming problem.
Get rid of all incumbemts I say.That is what I have decided to do when I vote this year.

If things were the way they should be the losses on the stock market should stay with the stock market. Unfortunately, retirements are at risk because it is no longer just a stock market. The whole heallth of the country now rises and falls with the stock market. Does this tell us that a drastic change needs to be made. True supply and demand must come back. The stock market must be for those who can afford to lose (ie: speculators and futures players). The question should be: How can we make it so those people can lose, and the rest of the population will not be affected? The rest of the population (plain people who do not have “portfolios”) should not be dragged into the muck. The change must be enormous!!!!

You vote the incumbants out and you will still have partisism.Why?The apple doen’t fall too far from the tree.It is best,however,to vote them out now,because those that are in there?.They have been in office so long,that they feel the power of their office.They have deep roots with corrupt campaign partners.Big Oil,Banks,insurance companies,Government Contractors,just to name a few.

If they did not have enough votes going into this then why push for a vote? 218 would have passed through the House and there are 235 Dems in the House, of which some 95 voted No!!

It is no good Pelosi and Franks blaming the Republicans if they cannot rally their own party. The only bipartisan action was the 228 who wanted to save their seats come November. I would like to know how many are in marginal areas.

Politics as usual and the majority will be re-elected unless and until America wakes uop and realizes that it is being duped.

The only war going well is the one on the Middle Classes.

David
Westbourough, MA

Jack,
It is amazing that the republicans now say they are concerned
about middle class America in this bail-out when all they
have done for the last eight years is support de-regulation,
pass unfunded, irresponsible policies and give big business
and the rich any and every perk that came along.
They know they are in trouble with the voters and
even at the cost of the future of our country they choose
to poster, pander and try to make America think they
are the knight on a big white horse to the rescue.
Wow, what a mess our government has become.
Vote the bums out.

I think that the failure to pass the bailout means that we should not only vote out all the incumbents, but make sure that these people never stand for public office ever again. Is it the best bill in the world? No. But to be unable to even get something, anything passed in a time of national crisis shows just how far the country has gone from being united after September 11th, to being in a state of complete gridlock. With leaders like these, who needs enemies?

Democrats have the majority in the HOuse. They could have passed this bill with no help from Republicans. Now, just because they had 95 Democrats who they couldn’t control, they want to blame this failure totally on republicans.

yes,

and we should impeach bush and dark vador, look at what they have done to the country and the world in the past 8 years………
they must go down in history as the 2 worst ever……

and what is really ugly, is that mccain is just another favor of the same stuff

what has happened to our country……….

Not all incumbents, just the republicans in the house that said they voted agaist the bill becuase they were offended by Nancy Pelosi’s speach. They put the countries economic future at risk becuase they where offended. What a joke!! Stop acting like teenagers and fix our economy!!! Vote these clowns out

It’s the cherry on a toxic time bomb. All that have and/or had aligned themselves with Bush should be pay on election day. This coun