Do you think Bush will cancel the election if he doesn’t accomplish something to assist in solving the financial crisis, especially if things get dramatically worse over the next 30 days?

This “bailout” is pure socialism, am I the only one that sees this?

Once again we have a pundit placing the blame on American families. The number one reason people defaulted on their credit debt is medical bills. Use the 700 billion to socialize medicine and the rest will take care of itself.

We should NOT bail out companies who got fat off of careless financial decisions. THEY should pay, not the American taxpayer. If you are going to have socialism, have it for everybody, not just the rich.

In the last debate the candidates linked the nation’s national security to it’s financial security. Sounds reasonable!

So if our national security is dependent on our financial security, and our financial security has been put at dire risk due to the decisions and actions of a few individuals, then what would preclude the results of those actions as being characterized as treason, and the individuals responsible for the those actions as being considered traitors? And don’t we already have laws designed to deal with treason and traitors?

Hi Suze - LOVE your advise and wonderful knowledge that you share with all of us. But, I’ve been thinking, wondering, if maybe a bailout is not what we really need. I don’t know, just thinking, that the market was manipulated or fabricated to SEEM as if all this money was there when it wasn’t. With all the CEO’s greed and golden parachutes, maybe it should be left alone to re-adjust itself to wherever it should’ve been to begin with. We can build it up again or start over with more honesty. Anyway, I’m just thinking out loud. I look forward to seeing you tonight. Thanks for all you do.

As is Social Security, corporate subsidies, etc., etc.

DO NOT BAIL OUT THE RICH. New Orleans is still a disaster. Healthcare is unaffordable. Gas prices are not coming down. There will be disastrous consequences if the Bush regime gets this through. Unless there is massive regulation, this plan will not work. Greed needs to be kept in check. We can all thank the Bush/Clinton regimes. Reagan/Bush..Reagan/Bush..Bush Sr….Clinton….Clinton….Bush…Bush… now we’re looking at McBush or Bill Obama… Contact your local representatives and make them take their time with this Bill

It wouldn’t be Bush who cancels the election, it would be his handlers.

The last 8 years have been far more than little Dubya thought they would be when Daddy Bush & his pals bought him the White House.

Oh my goodness! I should be so worried about things that I have to stop running up my credit card balances!

Yeah, I realized that about few months after I got a credit card. Thanks for the heads-up.

You seem to think that it would be terrible if people started learning to manage their own finances and become frugal. I, on the other hand, think it’s terrible to continue driving ourselves into more and more debt.

all of this all of this stems from one thing us going into iraq.all the scare tactics are just designed to make us forget that.

This “bailout” is pure socialism, am I the only one that sees this?

Josh you are right. Its socialism that saves few by stealing from the rest of us. Kudos to those that voted against the bill. Again Wall Street is trying to scare us to save their big homes, Aston Martin cars, Jets, Helicopters. Mr. President you want help economy? Start repossessions of Wall Street assets. I can use slightly used Jet myself….
To those that cry the end of the World, if by end of the World you mean lavish lifestyle then I agree its going to be end of the rich Wall Street world.

There should be NO BAIL-OUT! ALL of the people who stand to loose from this directly, PLAYED the market; they gambled, lost and now they want their money back…FROM U.S.! NO! NO! NO! NO! NO!

It will be INITIALLY worse if there we the people do not submit to this OBVIOUS blackmail, but we will survive. We will NOT survive if we keep bail-out THESE WHINERS who LOST…FAIR AND SQUARE!!

NO!!!!!!

@Josh in Dallas - I could care less if it’s socialism, our focus should be on fixing the economy not silly ideology.

Socialism? So what? Does it matter to you that your 401K is way down, that the economy will tank, that more people will be unemployed, that credit (even for legitimate purposes) will no longer be available? Well it matters to me and don’t hive a hoot if it is called socialism or capitalism.

Nearly 200 economists publicly opposed the bailout and with good reason. Read their letter to the House and Senate and other supporting information available online. The bailout is about saving the guilty and using scare tactics to make it worse. Don’t buy into it. Say no to the bailout.

We have been living a lie for 25 years - we have consumed while producing nothing and we have been told that as Americans we have the right to consume as much and as fast as we can. We have solved every problem we have faced by attempting to buy our way out and by going further into debt. We have rewarded greed, deceit and lies. So, why are we surprised that this has happened?

My only question now is will we do what needs to be done, or will we again lie to ourselves?

The bail out is unacceptible unless those who did this are punished.

The Bush Republicans should be proud of their leader today. A 778 point drop in the DOW. The largest single drop in history. That’s only 222 away from the Bush’s 1000 points of light! Wow. Impressive!

In Regards to The Bail Out:
We are outraged as tax payers. The very corporations, Big Brother wants to bail out. 1 get all the tax breaks. It is the middle class and working poor who pay all those taxes. The very people whom these corporations
Duped into taking these loans on homes with flexible rates, and lied to these people (tax payers). These people lost these homes no one bailed them out.
Now Uncle Sam wants to bail out these corporations with our taxes. I say no way they belong in jail the way they robed the tax payers already .

Suze Orman’s comments are brilliant. She is articulate and connects with Main Street. She needs to be on a bigger stage so the entire country can hear this. ie: Have Paulson’s job!!!!!!!!!!!!!!!!!!!!

Why not have the 750 billion sent to everyone 18+, yeah with each one of us, the govt will get the money back by the taxes we would pay on our share, and than we’d be left with plenty of cash to (hopefully) be wise and pay off our mortgage or other debts. This would leave us an amount plus the amount we earn at our jobs. Thus the economy would rise again. I wouldn’t pay anyone involved as CEO’s. They knew what was happening and destroyed our Beloved USA. God Bless America

This is not a bail out of the rich. If this doesn’t happen we may very well see a second great depression. A total collapse of the economy will effect everyone. The poor and the middle class will suffer far more that the rich.

Nobody wants to bail out the rich, but we only hurt ourselves if we fail to act quickly.

I am not for the bailout. We need to stop taxing the tax payer, we are at are limits. We need to start paying our way, and making credit harder to get will be a good thing in the long run. Bad financial decisions look good in the short time, but in the long run not approving the bailout will be the best. Or at least revising so that it is not 700 billion. The government needs to take time with this decision and not to rush into anything because of emotions and stupid people pushing them to do something right now. Take a breather and we will survive as a country.
Make business responsible for themselves. They wanted big money from people who could not afford to pay them back and what a shock they are not getting paid back. SHOCKING. It is not the American People’s responsibility to bailout big business. The stock market will rebound, just give it some time.
I am glad it is an election year, we can hold are representatives responsible for their votes. Both of the reps from MN voted NO and I am watching them closely. JUST SAY NO!!!

Companies that fail need to go bankrupt. Where is my bail out, I could use $5 million to pay off all of my bills, house and buy a new car for myself, my wife and my three kids, plus send them all to college. If we end the war in Iraq how much money would we be able to fix the broken bridges here, fix the roads and not to mention all of the promises for New Orleans that people there are still waiting for. We need to stop trying to fix the world and keep our money here and fix ourselves first then when that is done then we can send money to other countries, but get our Veterans off the streets, give them better medical care.

I completely agree!!! The power of the rich in this country is completely out of hand. My tax dollars, my children’s, grandchildren, and great grandchildren’s taxes will be paying off this debt just to keep the “fat cats” bellies full. HOW ABOUT TO THE TUNE OF 11.3 TRILLION DOLLARS!!!! I know that the couch is very comfortable for American’s to sit and watch t.v. on but somewhere down the line, we have to actually stand up and FIGHT for what the hell our country stands for and get fed up to the rim with how our children’s futures are COMPLETELY at risk by GREED. I propose that we look at ourselves in the mirror and then look our children in the face and examine what we ourselves can do and a great start would be to actually put down the credit cards and save for what we buy.

Our country AMERICA has a declaration of independence, a constitution, and a bill of rights. These documents were put in place for every single American in this country by MEN THAT WERE FIGHTERS for what is right in humanity and to keep government in check. WE THE PEOPLE have the power by our voice and vote. The Declaration of Independance basically mandates that THE PEOPLE must take there Government back if they are not doing right by the people. But yet we do nothing.

The bottom line is that nothing in this country will happen until we actually see our children starving and we ourselves are hungry as well. Maybe then something will click on in the American mind that says enough is enough and we take our Government back. I for one am hungry and if your hungry too, then post to this and let’s take our country back for who it belongs too. THE PEOPLE!!!……….

I am sick and tired of the “haves” trying to bully us “have nots” into saving their butts.

I’m glad the bill didn’t pass. I think all the innocent people who had nothing to do with this should lose all their savings that they’ve worked their entire lives for, lose their jobs, and not have money to pay their mortgage or put food on the table. I think it was important to send a message to the rest of the world that we are broke and they should abandon our economy.

Suze-
You’re wrong.
I’ll take my chance with free markets any day.

Will the adults please go to Washington! Let’s quit playing one-upmanship & the blame game. If there’s something to be done, get it done & quit screwing around & do it! If not, then say so. Personally, I think the bailout is the least of 2 evils. We all got ourselves into this mess, led by the nose by predatory lenders, unfathomable greed, & Enron accounting styles from Wall Street.

Here’s the problem with insisting on not bailing out the rich - it’s not the rich we’re bailing out - I’ve said it before, it’s US! Regular people and small investors have our IRAs, 401Ks, mutual funds and savings tied up in these corporations. If they go down, millions of people will be wiped out! Not fat cats who can afford it, but regular small investors who absolutely can’t. If we don’t do something on a governmental level to salvage the situation, we are going to be in deep trouble.

We have always operated somewhere in the economic spectrum between unrestrained capitalism and more socialist tendencies. I don’t think we need worry about becoming a socialist economic system. But, unrestrained, unregulated, unsupervised capitalism gives us is exactly the mess we have today. There have to be checks and balances for the greed and avarice of the richest few who will always be willing to - and have the money and power to - manipulate the system for their own gain . It didn’t help that they had many, mostly Republican (because of basic conservative philosophy about the goodness of unregulated markets) congress people in their pockets.

Not passing this plan is a huge mistake!

I think alot of us stopped eating out about a year ago, and now thank god my lease is up that will save a little more, at least I feel like I am going green having to ride my bike to work! But seeing as my husband got laid off last week I am just happy I have some where to ride my bike to right now, I do loans for a boat dealership , how long do you think I have left? Your advice is a little late for most that is probably why most folks are so mad that you all are just figuring it out!

Obama/Biden ‘08

Suze is another talking head who wants people oblivious as the ship goes down… Everyone MUST take their money out of their banks checking/savings accounts… FDIC is almost insolvent, and there are another 117 or so banks on their list ready to collapse THIS YEAR!

They insure about $5 TRILLION in accounts nationwide, and they only have about ~$45 BILLION, or bout a measly 1% !!!!!!!!!!!!!!!!!

So do NOT believe anyone but your own due dilligence, do your own homework, and realize that almost ANYONE on TV, in media and print of the large corporations, any and all financil planners and brokers, etc are all either lying or are stupid and will go down with the ship, too..

Cash out, but gold/silver bullion, and sell your house and rent…

Is your congressman/woman smarter than your 5th grader? Of course YOURS is, but everyone else’s isn’t. They may not be smarter, but they can sure bicker better than any 5th grader I’ve ever seen. This is all just stupid. You’re mad as hell at Wall Street. Good, you should be. Now get over it. Not supporting this bill is NOT going to hurt them. They are already rich. Don’t take out your anger on your local small business owners and fellow citizens. Call your congressman and urge them to pass this odious bill. Hold your nose, swallow hard, and make the call. Oh, don’t forget to call the guy that used to live down the street from you who just defaulted on the loan that he KNEW he couldn’t afford when he took it out. He’s as much to blame as any Wall Street exec.

If we keep bailing them out…who is going to bail out the tax payers.

Katrina hit Louisiana and hard..and not one wall street executive came down and cleaned up….I think that the decison makers who made these decisions need to charter a bus…and come down south….and rebuild the homes for those who are homeless…Louisiana, Mississippi and other states are still recovering from a natural disaster…which we can accept but this we can not accept….not for greed.

The golden parachutes are done with.

I think the stock market should close for this week, until there is a resolution to this crisis. Otherwise, panic selling is going to destroy it!

Socialism is not necessarily a bad thing. We are now seeing the negative effects of capitalism–greed. People in America are encouraged to spend more and more on things they do not need with money they have not earned yet. We are encouraged and enticed to live on credit and the masses are making corporations rich….There are many democratic/social-minded countries in Europe which invest in their people instead of big corporations and wars and they are a lot happier than us “fat” Americans.

America cannot blame lawmakers, we cannot blame shady subprime lenders, we cannot blame investment bankers, we cannot blame highly paid CEOs, we cannot blame the president, and we cannot blame the rest of the world.

The blame for this fails directly on the average American citizen. WE have had a false sense of security for too long. WE have lived beyond our means. WE have spent too much time trying to get something for nothing. WE have been embracing debt and rejecting savings. WE have turned a blind eye on fiscal responsibility. Then WE panic and do stupid things like liquidate our retirement funds and stock portfolios and bank accounts and bonds and CDs…taking a huge loss, damaging the companies we pull out of and then put the money someplace tremendously stupid, like under the mattress.

Stop pointing fingers unless you want to point it at yourself. Live frugally, be responsible, save, help your friends and neighbors…that will be where your highest returns will be. My grandmother and father survived the great depression this way…learn from history. Get over yourselves.

Americans have lived well beyond their means for my entire life time. We don’t know what the word “no” means because there is always someone out there willing to give us the answer we are looking for. We have carried the poorer Americans into the middle class…..but the middle class has stayed the same and the rich get richer. President Bush doesn’t live paycheck to paycheck, neither does McCain or Obama…..they are all out of touch with America. I am glad the bailout was rejected because the only people it was going to help were the ones that got us there in the first place.

I’m voting for Ron Paul.

Stop worrying about bailing out Wall Street. Start worrying about whether you will be able to get a house or pay your bills or even obtain credit. Parachute compensations should be the least of Main Street’s worries at the moment. Congress & the House of Representatives–YOU SUCK! I’m so disappointed.

Ladies and gentlemen, the public is had. There are numerous amount of commissioned personnel that made out in this mess prior to the demise. Who are they and what will be done to bring those to justice? Obviously we live in a capitalistic society; however, the “invisible hand” got the best of us. Now we hear people complain about government intervention in the market place. Our free market enterprise allowed this to happen. The question is “hw can this be avoided again?”

I wish we could have regular people making these important choices, not demos or repubs. All they do is look out for themselves and their party and not think about the regular Joe. Why should the tax payer have to bail out wall street and the banks who were greedy as well as those home owners who took out crazy loans that might have some drastic changes to them. Why can’t America someday be run by normal people, not politicans. These people are a giant joke.

Another thing, this war is a joke. Those kids will die for nothing, that part of the world will always hate each other and the U.S. All that money could be going to education, the poor and so much more. How can we get rid of the politicans and get people who care about the us citizens, not themselves or there “party”, which are both a joke!

The reality here is that W is so powerless he can’t even get people in his own party to stand behind him at this point. We need a new president now that can rally everyone around him him to get some real reforms done that will truly help everyone. What a disasterous eight years we have ben through…

Luv Suze, but don’t agree with her here. The US Government is acting like a Drug Pusher, they want to keep Americans hooked on credit. It took years to achieve the euphoria and it will take years to clean the system of this mess. The bail out only prolongs the pain, sort of like “death by a thousand cuts”..

Suze is absolutely right. There is plenty of blame to go around and I absolutely blame the people out there that live way above their means. These people are mortgaged to their teeth, more house than they can afford, that THEY purchased. Do they have a brain? Don’t they know what they cannot afford? So they continue to fully furnish the house that they cannot afford. Of course, they are eating out often, shopping at the mall often and living a lie, a facade - all to impress others. Mortgage lenders, Banks, all have some responsibility, but at the end of the day, the consumer ought to have sense enough to know what they can afford. There are kids at my daughter’s private school that have designer handbags, clothes, drive a $50,000 car, latest electronics, but then will confess in Chapel that their parents are filing bankruptcy. This is what is wrong with many American families - the ‘I want it now’ mentality.

The main problem is caused by America collectively spending more than it earns. It has the Worlds biggest credit card that cannot be paid off…….

Number one, we aren’t bailing out the rich. We are infusing cash into the financial system of the United States. Without the cash infusion we start a stack of dominos falling that will result in a crash not seen since 1929.

Number two, blame can be shared, by the government, starting at the time of the Carter administration forward, it was hard for banks to withstand the government pressure to lend and to lend to those who were marginal and by the banks who plain and simply got with the program to such an extent that they got greedy.

Number three, the cost of this bill we individually face by making this cash infusion now is MUCH cheaper than the bill we will pay when the markets crash and the banks close.

Number four, if you don’t have the cash then you probably can’t afford it. Put your credit cards in a block of ice and use them only in a life and death emergency. Remember you can’t get something for nothing, anything worth having is worth sacrificing for and if you don’t save for a rainy day you deserve to get wet!

I’m sorry, maybe I just don’t understand your point.
So what if it’s socialism? What’s the big, fat, hairy deal? We’re not talking about the government deciding what school you should go to or what kind of job you should have. We’re talking about the government making a financial decision that benefits a massive percentage of the United States. Seniors on fixed incomes want to see a bill passed, sure, but what about small businesses or first-time home builders? Markets need liquidity and I fail to see what the problem is. The government invests now and we have a less painful slump. I’m prepared to live with that. Ordinarily, I’m a fan of less government, but I think the big picture necessitates a one-time expenditure like this.

Why isn’t Suze Orman work Secretary of the Treasury?

I agree with Suze Orman regarding the need for a very major change in consumer attitudes and spending practices. Maybe the present crisis will help people make wiser and more informed choices about their finances.

I hate and detest the idea of this bail out, but if we don’t do something, many innocent people — working people who have done nothing wrong and played by the rules — are going to be hurt in ways we can not presently fully appreciate.

I do think that a compromise on this bill needs to be reached and if that means allowing bankruptcy judges to modify existing mortgages to keep people in their homes, then so be it.

Finally, as much as I believe Congress should pass a bail out measure, I feel that it should take ample time to make sure that we, the taxapayers who will ultimately pay for this business, are not only protected as much as possible but benefit as much as possible from the proposal.

As far as Bush — well, he’s not the only one to blame, but between this, lying about Iraq, sanctioning torture and his other misdeeds, he needs to be held accountable for the trashing of our country.

Scream NO to the bailout!!!! The bailout is a wrong move. This is the start of Socialism. This is the way that the government is going to own our homes. Its the start of the New World Order. This is what they have worked for for years. They have to be stopped. Why haven’t they spoken more about bailing out the big 3 automakers? Why haven’t they given the public a ballpark idea on how much taxes are going to go up and for how long? How many more private businesses are we going to be forced to bail out? The market is going to crash either way, this is a temporary solution with permanent results to the taxpayer. My grandchildren will be born into owing this, and they weren’t even here for the creation of the problem. Why do I have to live with a tax burden for bad business when I had nothing to do with it?
Prosecute those involved and let the market crash. These are crimes against the American public!

Thank god this happened in an election year…otherwise they would have gotten a key to the Treasury!

What is WRONG with people? Don’t they READ? It should not be called a BAIL OUT program. Call it a TAXPAYER INVESTMENT PROGRAM OR SOMETHING. People are so very ignorant. That’s why it didn’t pass. Idiot citizens called their politicians and threatened not to vote for them next time. Idiot politicians, afraid, didn’t vote for the plan.

It seems to be REPUBLICANS who cannot think in complex terms. They can’t believe Osama wasn’t in Iraq when he orchestrated the terror or that the war must be stopped. (52,000 or so people died in Vietnam before we LOST the war. Must we have that many Americans die in Iraq first?)

Thank you, Suze, for your straight talk and your intelligence. There are so few people out there who can do what you do.

It’s contradictory that you would say

“They can’t continue to go out to eat, charge it on a credit card and then just pay the minimum at the end of the month. They have got to go into a different type of financial mentality.”

and then say that you think they should have voted for the bill. The bill was nothing more than doing this very thing on the national credit card and doubling the credit limit at the same time.

Time for America to go into debt counseling.

In reading all sides of this thing, I’m convinced that we need to do the “big correction” by letting the big companies fail. Spending more and more money to bail these companies out just makes the problem worse. We need to let them go bankrupt and have stronger companies buy up the assets.

And please stop with the nonsense about Bush canceling the elections. The federal government doesn’t hold elections, the states do. A President has no mechanism to use to cancel them.

The majority (maybe the vast Majority) of the American people are against this. Thank God that finally our congress did what the people that elected them to represent them, did what the people wanted. My representative did vote for this and he will receive the wrath of his constituents when he comes up for re-election,

I watched C-SPAN this morning and it sounded like the Democrats were in bed with George Bush and then complained about his performance,

I was an Independent until I finally figured out that the democratic party wants socialism at all costs. Stupid me!

Go McCain!!!!

Take the golden parachutes away. The convoluted language of the bill leaves them in place. Take them away!

I don’t agree with the bailout-it’s corporate welfare & we-the poor middle-class smucks are picking up the tab.

I pay my bills, keep an excellent credit score and save my money. This bailout is just an Economic Patriot Act.

Fool us once, shame on you, GW

Fool us twice, shame on us.

Suze, I just don’t yet understand why the Congress should have passed this version of this bill. It seems that it is not far off from the insulting initial demand Secretary Paulson made last week.

If those financial institutions were one of your call in guests, I think you’d rag them out and say ‘no way do you deserve more credit after how you’ve behaved.’

I look at it this way:

If it’s socialism to do this, then we might want to consider socialism. If, for example, the company you work for can’t take out a short term loan to pay the bills (such as electric bill or your wages) while waiting for money to come in from clients, you won’t get paid. Period. Many companies nowadays don’t operate with a lot of money in reserve (that whole lean-and-mean thing), so these small short term loans are a big deal. With credit from banks drying up, that kills those short term loans.

I personally prefer the old stockade method of embarrasing those responsible for this mess, but somebody’s got to do something or a lot of small businesses are going to get killed.

politics, politics, politics. You can’t have a free market and a safety need at the same time. The striped suits think so but as bad as is this to swallow, I believe the house did the right thing. For those of you who will lose your house (for those who have homes way beyond their means), then you should have thought about the consequences.

Here’s a thought. Throw another 10billion top and add health care benefits to the package. That should suit everyone’s needs. Hell, let’s add another 50 billion, build The Kremlin next to the Pentagon and start drinking vodka. Socialism is what we are talking about here….but we don’t care when it doesn’t pertain to a Rocky movie. As long as our -sses are saved right? We need to pucker up and take the lumps. This will weed out the corrupt and greed and make Wallstreet stronger than ever.

For those of you who are about to retire, I am so so sorry. Seriously, if congress wants to help out, they should pass a bill that will bail out anyone w/ in 5 years of retirement who just lost 1/2 their retirement in one day b/c of greed and gluttony. (spelling?)

Finally the people have won!!!!!!!!!!!!!!!!!

Suzi Orman has sold out, btw….

When we had a terrible crisis in 1907 J.P. Morgan got the bankers together to figure out what to do behind closed doors. Now we’ve got POLITICANS behind closed doors, like they really know how to solve this.

This defeat just proves the election year cowardice of those in the House-both D and R–who voted against it because they were too worried about getting re-elected than doing the right thing. If your leg has gangrene, you have to cut it off before it kills you-it may not be your first choice, it may be painful, it’s extreme, but it’s necessary. It is SO MUCH BIGGER and far reaching than just bailing out the greedy fat cats on Wall Street. In the following days and weeks as America’s economy spirals down, we need to remember those who failed to have the INTESTINAL FORTITUDE to vote YES and let our banks fail and our retirement savings evaporate. And yes, we WILL remember you on voting day.

I love your show Suze, but you need to study up on how macroeconomics works. The government has no money left. By producing bailout after bailout, they are only printing money out of thin air. When the government prints money out of thin air, the dollar loses value. When the dollar loses value, all costs of living go up including gasoline, food, and energy costs. Thus, more Americans will go into debt and be driven into poverty and foreclosure. The government will then print more money to help them, causing an endlessly cyclical effect. Eventually, if not contained, we will see a run on the dollar and be driven to third world status, thus never being able to recover.

Bottom line: Easy money and cheap credit got us here. We were all living beyond our means - from the government on down to individuals and families. We are addicted to easy credit. Injecting more cash into the system is like giving a heroin addict another fix. We’ll recover for a day or two before we crash again.

I know it sounds bad, but the reality is that we are in an economic depression no matter what. If the government steps back and allows it to happen, and all the bad debt to be cleansed out, it will be painful but quick. If the government tries to keep stepping in and injecting more money (that does not actually exist), we will only bankrupt the country and make this depression last 10 or 15 years instead of 2-3.

We have to let it happen. The sooner we hit bottom, the sooner we can start to recover from this catastrophe. We all made our bed, now we must lie in it.

What I want to know is:

What happens to those of us who DO pay our bills and DO live within our means? No credit cards, no car loans, and I DAMN sure had to properly qualify to purchase my home.

I understand the bail-out and what’s good about it; I also understand what’s bad about it. I also do not condone bankruptcy, or people simply walking away because the value is not now what they agreed to pay for a property.

The Bail-out means as taxpayers we foot the bill for those irresponsible, greedy bastards.

Bankruptcy ALSO means we will (somewhere along the line) foot the bill with higher prices.

Yes, I think the bill should have been passed, but more should have been available for people with homes that need to be protected. To save Wall Street, we need to be sure that homes are not going to keep going into forclosure. I believe that bankrupcy judges need to have the right to modify mortgages to unsure we don’t keep falling into the same situation. We do not need a bailout every year.

We should all have seen this coming. You can’t have a big house, two or three cars, go shopping every week and out to eat five nights a week on a working person’s wages Using that plastic is the worse mistake we can make.

But the worst of all are the big investment banks who thought they could keep paying their CEOs millions every year along with more millions in bonuses and not get caught someday. It took the housing market to do it, but it was going to happen somehow. Frugality is not an American trait. Maybe it will be after this.

how come the only people i see that are for this bill are RICH PEOPLE????? shouldnt that be a clue that the rest of us are going to have to grab our ankles?

I do not believe that the taxpayers would ever get paid back. The country is trillions in debt and I’m suppose to believe that any profits the government makes with yes - this bailout- will trickle back down to me? Sorry Suze, for once I cannot agree with you.

Ugghh. Obviously, it is more important for Congress to save their own jobs than to save our country. Today, the people who we elected to watch over our country bailed for self-serving reasons. They needed to work together to make ONE decision in the best interest of our country, but doing so could have hurt them at the polls. What happened to taking one for the team?

Ms. Orman, I work at a credit union. Yes we are sound and secure. But one fact that you state is wrong. We do cover each owner on the account up to 100,000 each. If there are 2 owners, it is $200,000. If there is are 2 beneficiaries that are blood relatives or by legal documents, the account is insured up to 200,000; 3 beneficiaries and the owner, $300,000 and so on. It isn’t $100,00 per account. It is based on the owners of the account.

Laughing at the naive folks who think the “bailout” is just to help Wall Street. Get with it team - all those small companies that rely on revolving credit lines to pay salaries will soon be without money, meaning no paychecks for you. Liquidity is a thing of the past and we’re all about to suffer. Socialism? Perhaps. But what I fear far more is populism - I’d rather be France than Bolivia any day.

Hi, Suze — Sorry, but your advice seems a little disjointed to me, maybe because I’m one of those people who doesn’t have time on my side. What exactly are you trying to tell me? Pull everything I have out of the market? And put it where?

As for people who insist on believing the only thing the bailout would have accomplished was to bail out the rich, well, folks, get real. Yeh, it would have bailed them out. It would have also made it possible for them to bail us out. Now who’s going to do it?

Everyone is referring to this as a “bailout”. People need to understand that as far as being angry with people who made “reckless” decisions with their money, fine, be mad. Be angry that your neighbor took a loan he couldn’t afford and now his house is foreclosed on. BUT, the government is basically “investing” in mortgage securities that are very cheap because of this. Down the road, perhaps they can allow people to stay in their homes (getting some of the money back is better than none). Anyone who thinks they aren’t paying now; who do you think is paying the property taxes on the vacant houses?? it is (or will be) split up between the people who still pay taxes!! So, you are already paying for it!! (And that is just one example, there are many more) So you can let the banks and your neighbor go down the tubes, but you will go with them! Or you can rescue yourself and your neighbor as well and survive. BTW, Suze is right about american families spending too much. If you can currently make your bills and have savings, then you wouldn’t be so upset!!

The house Republicans are the suicide bombers on our economy.

Yes, stand on free market principles. It’s just rewards to let Wall street fail. That’s exactly the same principle that Herbert Hoover stood on 80 years ago, and it gave our country a lasting just reward?

The free market cares not who gets destroyed, including our nation.

I, like most of the working class, say let big business figure it out. They (big business) are making record salaries, bonuses, and profits and we the working class is going farther and farther in debt just to keep going. Where was my ‘bailout’ when I was working 3 jobs to support my family? Where was my ‘bailout’ when gas went to 4+ dollars and I had to drive 20 miles to work each day? (while the gas companies made again millions in profits!)

Once again the working class is expected to let the big guy walk all over us! I say no more…… No more to the big guy getting bigger and the little working class getting crushed once again.

Tell Wall Street to ‘buck up Cupcake, deal with it!’

do not let the greedy corp.’s get bailed out. do “we, the middle class” ever get bailed out?? NO NOT EVER. we will not have a middle class anymore. we’ll only have the very rich & the very poor thanks to good ole boy bush. he has to be the worst president these unites states has ever had. what a mess!!!

DO NOT BAIL OUT WALL STREET!!! Until our Reps in the Hill take care of MAIN STREET with their mortgages, healthcare, gas prices, etc etc etc …

This is a sad day for America. When the country needed our Washington Leadership the most, they have let us down. I am so disgusted and angry that I am considering not even voting in the general election. Our Federal Government is broken and needs a complete overhaul. Thanks for absolutely nothing you bunch of political robots!

I am really scared now.

The Wall Street jerks responsible for this need to be arrested, and their lavish properties siezed — Lear jets, yachts, fast cars, upscale real estate. Trial dates need to be set.

Then, and only then, will the public support a bailout plan. People don’t know whether they are afraid of golden parachutes, or their own retirment plans. They need to see action taken on their behalf.

Suze says” However, if you are older, and counting on this money (you need this money for retirement) that is money that never should have been in the stock market to begin with.

Your rule of thumb is money that you need within ten years is not money that belongs in the stock market because of the deterioration we have seen and will continue to see if they do not get their act together.”

Give me a break. Then how do you keep up with inflation?????????????????????; especially since she is against variable annuities !!???

Our system needs to change:
Federal Reserve is privately held not a government institution.
Alan Greenspan and Ben Bernanke were not voted in.
Who is overseeing the Fed?
Research Ron Paul and his campaign for liberty.
We must wake up.

My emotional response to the “bailout bill” is that, the bill should not pass because I am an average guy and I don’t think that these investment companies deserve any help. But, my rational response is that, passing the bill is the only solution to the current problem. I hope that congress will let their rational mind overcome their emotional side.

What is so hard to figure out with the economy? People must eat to have energy to go to work and make money. People must have gas to get to work to make money for the house payment. The price of gas goes up and the price of food goes up so it takes away from the money they have to pay their bills such as the house payment. None of this happened when gas was cheaper. We could do more to fix the price of gas than we are doing. When people can go places and spend money, they will and they will pay their mortgage. #1 food #2 gas for work to make money for #3 bills and lets not bring up ethanol, most people cant afford a new flex fuel car and cant afford to convert their old cars so what good is it really doing? Doesnt it cost more to blend it with gasoline as well? Look at grain prices! The 700 billion dollar plan just allows us to bypass the real problems for a quick temporary fix and when the price of gas goes to $6 a gallon we will be in the same boat all over again unless the banks decide not to give out as many loans in which case we will probably have homeless people roaming the streets in armys. Fix gas and the economy will start fixing itself, im lucky enough to live 10 miles from my job, how about the rest of the country? How about 700 billion dollars towards repairing gas prices? How about incentives to get those big gas guzzlers off of the road. I bet a lot of people would junk their 1970’s 1980’s v8 boats for a check.

I’m not smart enough to know if the bill is needed or not. I have to believe the people that deal in this area because that is what they do!

1. Congress needs to quit acting like little kids and act like the adults they are suppose to be. That goes for Pelosi first because you do not rub peoples nose in thedirt on something like this, the Republicans that changed their vote, Bush, McCain & Obama!
2. The media needs to stop calling it a ‘bail-out’ plan and start calling it an investment in the future of the country.
3. As an investment in the country everyone of us must realize that if this does not pass, we MAIN STREET people won’t have a main street, because all the shops will be closed, and we won’t have any money to spend there anyway, because we will all be out of work!
4. We, MAIN STREET, also must realize that our GREED contributed to those who figured out how to manipulate the system’s greed. We all shoulder this blame!

Gosh, I wish half this much time and intensity could be spent on becoming less dependent on foreign oil. I consider that a crisis. It might have dramatic effect on the market and the financial institutions.!

If the issue is banks having the ability to loan out money - then the government should have criteria set up and all those who meet the criteria will be given a loan backed by the FED - new loans - with regulations and standards - not bail out the bad loans already given. This will solve the credit crunch issue. This bail out is outrageous. Our economy may suffer, but we need to get to a more realistic economy where the markets work not in an inflated environment. The housing crisis is needed - most people in California cannot afford to buy the homes they are living in - that is a problem. The market needs to come down a lot. The housing market doubled in 4 years - that is not sound market behavior. Bailing out only makes the rich richer - and we pay for it! If we can think outside the box - we can save houses and 401k’s and reward the financial institutions who made sound business decisions - not reward those who went in for the easy money and discarded standards and regulations. If we bail out - we bankrupt ourselves and our future.

Sorry Suze, ‘No’ on the Bailout. My R.E. professor told me ten years ago this would happen b/c back in the 80’s the same thing happen with banks taking on bad loans etc. We Americans have such short memories. Have we not learned from the Japanese real estate downturn? This bail out is Corporate Welfare.

However, this is a great time for investors and is the time I have been waiting for. In fact, I sold the family house in 2005 and my wife left me b/c of it. Now, she says I’m genious when I had truly lost my mind. O yea, my ex went to Stanford, which is probably where the leader’s of these banks went.

I am glad the bailout was not passed. Giving that much money to the incompetent and untrustworthy Bush administration would be madness.. They have been wrong about everything.. the Fanny/ Freddy bailout was supposed to stabilize markets and so was the Bear Sterns fiasco…the bailout is too expensive and is basically a third world solution to the problem ” Mobutu Economics” !!

I believe that we, the American people are to blame. Several people are living lives that they cannot afford plain and simple. I think the market is correcting itself. My husband was in the housing industry and it was a great ride while it lasted. We have seen our yearly income reduced by six figures and my husband facing unemployment. But we made wise decisions and lived beneath our means so we should be able to make. I think everyone needs to stop looking for someone to blame and get your financial house. If you cannot balance your own budget you should not judge others that cannot.

Don’t trust anyone right now giving advice on the bailout who has a stake in Wall Street getting richer. And answer me this, if we need the bailout so badly, then how could The Fed pump $600+ billion into the markets today without the bailout being passed? The bailout is a scam.. plain and simple.

Greed, Greed and more Greed. From the little person with No Income No Job incomes to a Goldman Sachs CEO payment of 70 Million in 2007. Debt is not good. The government Dems and Repub. alike create debt for our country. But Americans hold the same if not more debt. I think around 7 Trillion. Great work. I hope Osama remains quite or we are in big trouble with another 9/11.

Suze, it was the government that started these problems when it created FNMA and FHLMC to begin with. It was the government that then forced banks to lend in areas and to people that weren’t qualified through their CRA requirements. It was the government that said everyone should own a home and further forced banks to lend to risky applicants.

What in the world makes us think the government will get it right this time?

We wouldn’t be having this problem had people making 25k a year not bought 300k houses.

Funny how now the corporations are the only ones receiving the blame when pure greed from American citizens was half of the problem.

Thank you Suze .. I have loved your no nonesense approach for years - even when it makes me uncomfortable! Looking forward to hearing you tonight.

It seems we have had a string of irresponsible behavior everywhere … from individuals to the president for a long time. Leadership and accountability (personal and otherwise) have been sorely lacking.

I do not understand how I, as a responsible, timely mortage & car loan paying, retirement planning person will be paying for the $700 B debt - increased taxes?

I can’t see how I can afford any more … short of selling my house (part of my retirement plan/nest egg) and moving away from tax happy NY state. Hope you have some words of wisdom on that!

Suze. How much do you think the 1999 ‘alleged’ collusion by Acorn, Illinois State Sen. Obama and President Clinton in ‘encouraging’ Fanny and Freddie into giving mortgages to people that they would not normally give based on their ability to pay their mortgage?

It’s time to disband congress and have a Direct Democracy. We have the technology (just like buying on E-Bay) to vote. All we need is a set of “paid debaters” from each party to air the out issues. These characters are too concerned with getting re-elected to do the right thing. Instead of doing something they know is right, they prefer to worry about what an uninformed public thinks. We elected them to take care of that issue and they can’t do it, not even when the stakes are incredibly high. My proposal is:

Pay each one of these 535 people $1M a year to stay away from their job until their term is over. Then, they can go someplace else; we don’t need to elect any more of them. Think of it, for only half a billion dollars a year maximum, we save the 100’s of billions they waste. Not passing a $700B work-out (that could conceivably cost little to nothing over time) today cost all of us $1.2 trillion in market value in just one day. Yes, that’s your and my 401K and other savings. What will happen tomorrow and the next day? What will happen tonight in Asia?

There is no perfect solution and whatever we do will always be a work in progress that will require a lot of changes. Let’s get something started and the markets will regain confidence. It’s all about perception.

The only perception now is these guys are all idiots and not to be trusted.

I guess Bush’s Economic Stimulus package worked well…..Also, where did all the money go? If the banks are dry, who has it all?

Why can’t the government broker mortgages to the American people, just like ordinary people can buy tax lien certificates for people who can’t pay their property tax?

To David Whitener:

Dave, In America, the President doesn’t have the power to cancel a general election. In fact, no one does.

One of the things this credit crisis has proven is that the market is not capable of correcting itself; it needs help, in the form of regulations.

I laugh at the people arguing that the recovery plan is socialism and that the market should be left alone. Are those people willing to risk having the American economy go down in flames, and taking down the entire world financial system with it, while they wait for the market to correct itself?

I’m not American; I don’t even reside in the USA. Watching this unfold from “outside” gives me a different perspective. You guys blew it today. Your economy (and by default capitalism and free market as we know it) is hanging by a thread, and most of you don’t even realize it, because you’re too busy worrying about “socialism”. WAKE UP!

Rafael
Santo Domingo, DR

Thanks for you advice Susie! I think a lot of people are looking at this bail out in wrong ways. My understanding is that the Bail Out plan is more of buying out the troubled assets, and turning it out into possible profit with possible risks (profits to go back to tax payers/Americans). It is not 100% bail out. Sure, the Bail Out plan do sound like it will profit the Wall St executives, but essentially it is not because money has to flow in and out of our market regardless, and this plan should work out the huge bottlenecks in our current economy.

This is a time for everyone in America not to be emotional but be rational. I know emotion runs high for those people who struggle everyday to survive. However, if we let the emotions take over our ability to think rationally to arrive at a solution that can work then this nation will end up having so much more people ending up in a worse situation. I am in middle class and I lost a lot in 401k too. At the same time I understand that this is a serious problem and we everyone needs to focus on a solution. We need to move beyond past and learn a good lesson as a country and move forward. Whatever done, we need to make sure laws are made to make sure this sort of a thing can not happen again. We can not change what happened, but we can change what is to come. Instead of being angry and fustrated about the situation, we all need to think about what next. One part of is to elect right people to govern this country. In that part people made big mistakes past 8 years. Once reason why we are here is that and now is our chance to start correcting those mistakes and move forward with what left with resolve.

Not sure, but I think having the election is governed by law - is this something that falls under the constitution or some other legal doctrine - that there are presidential elections every 4 years?

Nancy Pelosi goofed when she made the bailout about finger pointing. As I understand it, the Democrats would not allow constraints to be put into place two or three years ago when the economists warned about this very thing happening. The Dems did not want to discriminate against the poor being able to obtain a home. Well, guess what? They could not afford the mortgage they were given, but the Dems allowed it to happen anyway. Let’s point the finger at the Democrats not the Republicans.

What happens to all of us that are trying to live on social security? If inflation gets any worse we will all be on welfare. Someone needs to let the fat cats on wall street and in Washington live on our income for just one month. Then maybe they could decided what is right for all of us.

Blame Nancy Pelosi.

Suze, I have watched your show and respect your financial wisdom. However I think telling people that FDIC insured banks are 100% safe is not entirely correct. What American taxpayers may not realize is that there’s no separate account for FDIC money, just as there is no separate account for social security. In the end, TAXPAYERS are the FDIC for one another. A WaMu failure would have wiped out half the FDIC fund. Please go ahead and look it how the FDIC is running out of money!

Brad…..the number one reason why all these people are losing thier homes is bc our socialist democrat gov. made these banks make loans affordable for people who darn well couldn’t afford them. Not bc of heath care bills. that is why we’re in the mess we’re in.

We elect all these house & senate know it alls to look after us!!??
Let’s shorten their term in office. They are not feeling the pinch.
Who is taking responsibility and being proactive? Who do we trust?

What would happen if the Saudis or some other ME country bails out Wall Street?
Has this even been considered and what would be the fall-out?

We lost our home because of this subprime mortgages. My husband was laid off due to the “anticipation” of downturn in the real estate market. He was in title insurance - this occurred back in Dec 2006. No work was available anywhere in his profession. He barely found a job May 2008. We went throught our savings trying to save our home and I worked long hours but in the end, we still lost the home. So, where is my bailout? Because of these bad loans we lost our home and we had never even been late! In no way, did I think I would be in my 50s and have lost my home.

Bailing out, or “rescuing” if you like, insolvent companies who made terrible business decisions will only prolong the agony. I agree with the other comment that people need to come to grips with their debt and living on credit….just as our government does!! Borrowing to bail out is a recipe for further disaster and the taxpayers will be holding even more debt.

I want to hear more plans for helping the economy. I’m helping to pay for it and I want more options!

Well, I’ve read the first 13 comments and two actually make some sense. Shame on all of us for being so financially ignorant. It’s no wonder the politicians get away with the things that they do; we aid and abet them with our votes and our political and financial illiteracy.

Suze suggests that the country might be out of the woods in 7-8 years and that we can look forward to another 2000 - 2500 points off the Dow. I suggest that we might, in effect, lose our national sovereignty (the dollar undergirds the world’s currencies). Who will trust our tainted financial markets, our weak currency, and our corrupt leadership in the future? Not many. We are reaping what we have sown. God help our children and grandchildren.

While the DOW went down about 7% today I feel lucky because my preferred stock that pays an 8% annual dividend (CHSCP) went down only 1.1%.

You people against this are idiots; while I am not in favor of this plan in theory…… we need to DO SOMETHING!

Hasnt social security funding been raided in the past to help pay down debt ? I have not heard anything mentioned in the recent past about how solvent the social security funding is or isnt…..any word on this?

Anybody who knows anything about economic cycles knows that this kind of problem is not new. That has happened before. This will happen again.

Bad investments will be wiped out one way or the other. Bad debts will be paid back through regular monthly payments, bankruptcy, foreclosure or other means. There is no way around that.

This bailout is only an attempt to make the blow more tolerable.

I truly believe that, in situation like this, the role of the government should be to make sure that the poorest don’t end up in the street and then let the market do what it must do.

We are all grown ups who must face the consequences of our decisions. Take charge! Be responsible!

I believe that everyone is missing the point. If the credit dries up there will be no way for large companies to pay for their employees. If this happens than we will all feel the pain of this economic problem. I agree that we shouldn’t bail out top excutives however, if we don’t bail out the companies we will suffer. Imagine more than a million people more in the unemployment lines. We talk about socializing our economy yet if we have to pay for all of the unemployed wouldn’t that be socialization on another term. We will have major problems from this either way and I would rather see people working than to pay them for sitting around and not working. We really need to get a clear understanding at what is at stake here. Its great if the big companies fail but the only ones that will be hurting will be the middle and lower classes. Most top excutives have plenty of money that they can survive on however can the lower classes say the same? I doubt it. I realy think that the way to use our vote for this year is to tell all of congress what the change is that we need. That is to vote every last one that is in office now out of office. That may shake things up and get some of these people working for us not against the US.

I am so sick of the fingers being pointed from one political party to another! Its all a game for the election. This is a serious problem… We are struggling to break even each month- I have two children that my dream is to send them to college one day with out too much of a struggle & debt. Now I am worried about food, home and clothing. Everyone is to blame, all of us. We are all greedy- CEO’s and our political leaders - who are the most greedy of all. If it was not an election year, I wonder if they would have come together to find a solution for the American People. I do not think for one minute that Nancy Pelosi and Barney Frank had the middle class in mind today…. they had their party, power and control in mind.

Why is the word “RECISSION” typically used as:
WE are in a Recission?”
When will people get it?
We have been in a “DEPRESSION” for some time now!!!
Why sugar coat it?

The average credit card debt per household in this country is $8,600. The total credit card debt in this country is $951 BILLION. People must learn to live within their means. If you don’t have the cash, you don’t buy it! My 86 year old father has an annual income of just under $19,000. He owes MasterCard $13,000! He believes if he wants it, he should have it whether he can afford it or not. That’s a major part of this country’s problem.

Reading the comments we see that people just don’t get it.

Pure socialism -someone says. No…. but not passing the bailout is leading us to financial anarchy.

EVERY economist sees the bailout as a “must have” not something that would be helpful. If you do not have a strong background in economics- bite your lip and stay quite.

This is not the time for ill-formed opinions by people who do not have an understanding of markets. Check your pride at the door and realize that we must agree with the experts.

Today the economy lost $1.2 trillion dollars - as opposed to a $700B bailout. If and WHEN more banks fail this will look like a drop in the bucket.

Suze,

Is it possible for the stock market to be closed for trading until a rescue plan is arranged. Would this help stem the losses in the stock market?
The stock market closed in the Former Soviet Union to stem losses earlier this month.

Thanks. I appreciate your insights and advice.
Mel in Chicago

Let me get this straight…the bailout package will purchase all the bad investments the banks made which in turn gives the banks new money to loan. Is that the gist of it? If so, how will this fix the problem? That is the problem…the banks made bad investments…who says they won’t do it again with the free bailout? Am I going to get bailed out if I make a bad investment? Whatever.

President Bush, John McCain and their cronies should be ashamed. First they get us into this mess, then they play politics instead of getting us out of it. If they think this will help win the presidental election, they’ve got a rude awakening in store! We’re sick of their nonsense!

Sell Low… Buy high! If your Mutual Funds are still in the equity market, then it is too late for you. The only safe place now is where you are at, when the market starts to move upward again you are positioned at rock bottom (how much worse can this mess get). Watch the market as it rises, set target amounts that you will be happy with and watch for them. Don’t sell short, even if you only have 3-5 years before the golden handshake at least you will recoup some of you losses. Now is too late for T Bills and Money Market, it is time to rebuild where you lost.

If we pass this bill, this is going to send a wrong signal, that tax payers money can be used for ANY purpose. Every company will start lobbying for bailout. The market has to correct itself, even if it has to take time. Call up your senator,congress man’s office and let our voices heard. We are the ones paying high gas prices, and high medical bills, not the crooks who caused this issue. I am a honest, hard working tax payer, who dont want my money to be spent like this — PERIOD.

The Federal Reserve needs to be dismantled. Greenspan was critical of their role for years until they hired him and gave him millions to see things their way.

We need the gold standard back or something like it to restore peace and order.

The wealthy make the laws and rules so the govenment will pass the bail out and have tax payers pay for it for generations to come.

It’s time for middle class and poor people to stand up and defend themselves. Oh, wait, they used their homes as atm machines to buy SUV’s and remodel their homes. Gee whiz, I was all excited about standing up to the rich, and then realized the middle class signed on the dotted line for things they could NOT afford. And the banks made the loans in a hot market and sold them to Fannie. They knew the market would cool and the government would bail them out.

It’s amazing to me that even today, our lawmakers are more interested in pointing fingers at each other as who is to blame for this crisis instead of focusing on what they should be doing…fixing it! This is not a Republican problem. This is not a Democrat problem. This is everyone’s problem. And those that insist on blaming Bush, should remember that we’ve had a Congress controlled by Democrats for the past two years and a virtual stalemate the previous six. Congress should be fired as a whole and a new group of elected representatives brought in that can’t be taught the “ways of Washington” by those who have ruled for years. Democrats, Republicans, Congress…fix the problem and stop the finger pointing.

If the Economy suffers doesn’t that favor the Democratics? Why would they vote to solve a problem that might help the economy, and favor the Republicians in this election. They would rather win the election then solve the nations problems. Nancy Pelosi is a total jerk. Why would you slam the opposing party when you need their votes?

Tell me again why everyone recoils in fear at the “S” word?
“Social”- ism is simply a belief and a practice that asks us to share risk and responsibility….free market capitalism (and the monstrously greedy and their gov’t cronies) got us into this mess. A little bit of so-called socialism in the form of long-overdue regulation is necessary to get us out.

Social security is socialist — and it’s important and necessary. Charities are based on socialist principles. We’re all in this together folks. Yes, as Suze says, we each have to mind our p’s and q’s and take care of our own $$, but we have to recognize we’re a large community, not single islands.

I am glad the bill did’nt pass. The CEO’s need to take a pay cut. You don’t see avg people being bailedout only in this country do you see big companies getting bailed out. Regardless of what happens on wallstreet we will continue to see job lost and homes in foreclose. DON”T BE FOOLED AMERICA this bill is not a good solution.

OK…the vast majority of Republicans voted AGAINST this bill and yet somehow it’s a failure of Obama’s leadership? GOD I am tired of relentless Republican outrage and spin, spin, spin. I thought we got rid of Karl Rove?

Let’s face it, the GOP representatives KNOW that their constituents are going to blame them and their incompetent Whitehouse team (and rightly so) so are pulling a desparate last minute grandstand to show that they are still the champions of free enterprise.

The whole thing makes me sick, and god knows I dont want to see $1 trillion (because, let’s face it, with this administration the bill is always higher than what they sell you…can you spell Iraq?, the self financing war? yeah, right).

But, we are where we are and if we don’t do something , we are all in the deep doo doo. Just pass the bill please and then we’ll sort out the rest.