September 28, 2008
Posted: 05:55 PM ET
A rescue bill was released Sunday evening.
A rescue bill was released Sunday evening.

WASHINGTON (CNN) – A draft bill to create a $700 billion bailout of the financial industry was released by members of Congress on Sunday.

House Speaker Nancy Pelosi, D-California said she hopes the bill will be up for a vote Monday.

"We will have to have bipartisanship to pass it," she said.

Filed under: Congress


MikeH   September 28th, 2008 7:28 pm ET

I'm waiting to see if McCain had any ties to Jack Abramoff through McCain's Indian Gaming involvement. Wouldn't that pooch the screw for McCain.

McCain still suffers from PTSD   September 28th, 2008 7:27 pm ET

The GOP in Washington told McGimmick:

THANKS BUT NO THANKS! Take your Jive Time Turkey behind and go back on the campaign trail.

Olivia   September 28th, 2008 7:26 pm ET

Obama reached a new low today. He described John McCain's response to the financial crisis as "Katrina-like".
No doubt…..this man is an absolute jerk. He is unfairly harsh, and seem to want to say things that hurt and appeal to a crowd. I would like to think that there were some in that very crowd that disagrees with his middle-eastern like attidude of personal critizism of attacking, where personal attacks on family is acceptable.

i could never vote for this strutting jerk, who feels that because he is favored by some in the senate, it gives him the right to say anything.

ItDontMatter   September 28th, 2008 7:26 pm ET

McCain or Obama
Don't matter, we're screwed either way.
Why is it that the presidential race always comes down to the lesser of two evils?
The evil you know is better than the evil you don't know.
At least McCain has been in Washington and has actually co-sponsored bills with that other party,
I have not agreed too often with McCain and that hasn't changed
The lib media has not done their job. The people need to have Obama properly vetted.
Obama claims credit for the bail out. He can have it because it will be his downfall.

mabel floyd   September 28th, 2008 7:25 pm ET

hoover is back!!! please God let F DR make a second coming and lead us once again to the promised land.
every part of the economy that the repubs have deregulated has failed. mortgage—banking—airlines—saving and loans—and the laws of usary to criminalize the corrupt rise in interest rates—all of it failed—to the ruin of the country.
greed is good just is a trickle down myth —- ask any mother who has a child in diapers how full the diaper must be before it trickles down–

Bill   September 28th, 2008 7:24 pm ET

Mack ? you are wrong just like McCain.

Obama is the obe who warned this nation 2 years ago. McCain went along with all of Bush's philosophy,'

Don't lie to folks here Mack abd distort history like McShame does.

Obama / Biden 08

bill canada   September 28th, 2008 7:23 pm ET

I am confused . Mccain went to Washington and ruined the signing of the bill , but 3 days later you have a far better deal and people are still mad at Mccain . YOU AMERICANS !!!!!

Allen in Hartwell GA   September 28th, 2008 7:22 pm ET

To all the people who cried for the government to get out of their way and let the people do what they know best:

You had your way, and look at where it got the country. Now you need the taxpayers to get you out of the mess where your greed took you.

The government that you so hate you now need to rescue you from your bad decisions.

If it was you in my position and I needed help you'd say let them eat cake, but lucky for you I and most Americans aren't like you.

Will you be grateful? Yes, but you'll never admit it. And if you ever get the chance to repay your debt to the country you'll be too busy making money.

God help you!

McCain still suffers from PTSD   September 28th, 2008 7:20 pm ET

Why isn't McGimmick and his juvenile campaign manager who feeds off of childish attacks while playing the American people small with his bail out gimmicks addressing the American people from Washington DC?


Is it because the GOP in Washington refuse to give McGimmick credit for rushing to Washington after 11 hours in NYC doing his media tour after PLAYING THE AMERICAN PEPLE SMALL CLAIMING he suspended his campaign to do nothing once arrived but sit there looking like a crazy old man suffering from PTSD posing for a photo op for his political campaign?

Ted:Canada   September 28th, 2008 7:19 pm ET

TIME TO GET INDOXICATED!!!

Yes - your government for the last eight years failed you miserably.

In a democratic country your government is elected to protect it’s people – all the people - not just the rich!

Where were they ??? = MISSING IN ACTION – BIG TIME!!!!

Over 2 million federal civil servants let by BUSH and the REPUBLICANS = The ULTIMATE failure!

Yes! have a "stiff" drink my friends there is nothing you can do about it now.

WE JUST HOPE THAT IT DOES NOT GET WORSE!

“THE DARK DAYS OF SEPTEMBER”

facts are facts   September 28th, 2008 7:18 pm ET

It's funny how a situation will get a different name put on it depending on the country and how it's citizens view it.

For instance before the Bush administration put a different name on the Wall Street Bail out to the rescue plan here in Canada it was and still is referred to as the BUSH/McCAIN BAILOUT plan.

I guess the reason is that the Wall Street and Corporate Elite in the financial industry already have their pockets full regardless whether the economy collapsed or was saved.

Hopefully both countries will have used the wrong name and it becomes the American Citizens Rescue Plan in that all the foreclosed homes will go back to the original owners with a principle and interest they can financially handle for a mortgage. Wouldn't that be nice.

McCain still suffers from PTSD   September 28th, 2008 7:18 pm ET

Where's McGimmick and his juvenile campaign manager who feeds off of childish attacks while playing the American people small with his bail out gimmicks addressing the American people from Washington DC?

Is it because the GOP in Washington refuses to give McGimmick credit for rushing to Washington after 11 hours in NYC doing his media tour after PLYING THE AMERICAN PEPLE SMALL CLAIMING he suspended his campaign to do nothing once arrived but sit there looking like a crazy old man suffering from PTSD posing for a photo op for his political campaign?

McHoover Will Destroy What is Left of America   September 28th, 2008 7:17 pm ET

I hope everyone realizes that by this time next year the Republicans will be blaming Obama for the mess they created.

Republicans never do anything wrong.

It's always someone else's fault.

voter   September 28th, 2008 7:16 pm ET

I am reading the frustrations of people on the board about the bill. I am on the fence about the bill because I don't want my taxpayer money to be used to save wall street. However, without helping wall street many banks will not approve loans which means that main street will be more affected then it already is. I am a student and many students in my university did not receive their loans. This is a problem that is affecting not only students but small businesses. The bailout appears to be necessary in order to allow credit. Second, the $700 billion will be given in stages instead of a lump sum. The goverment has to prove that the system works before the treasury and wall street receive more money.

Roger   September 28th, 2008 7:15 pm ET

I thought it was interesting how the ticker posting titled: "McCain retracts Palin's Pakistan comments" was posted this morning. But now, it is posted at again at 6:00 pm. Is it so that that post stays at the top of the ticker? Is it the top story of the day or something? I really don't know what CNN will do if Obama loses.

v.ananthan   September 28th, 2008 7:15 pm ET

OBAMA SUPPORTERS AND CNN (Martin) IS TRYING TO SHOW THAT MCCAIN IS GIVING THE MONEY TO RICH WALLSTREET …

JUST WAIT FOR A SECOND…

WHY IS MCCAIN DOING THIS JUST DAYS BEFORE THE ELECTIONS WHICH HE KNOWS VERY WELL THAT THIS IS GOING HELP OBAMA WITH MORE VOTES…

THE ANSWER IS NECESSITY TO SAVE -GUARD AMERICA FROM FINANCIAL MELT DOWN ….

I DO REALLY BELIEVE IN MCCAIN WHO SAYS
" COUNTRY FIRST"….

PROUD SUPPORTER OF MCCAIN…

MCCAIN / PALIN 08

Hans Kraeutner   September 28th, 2008 7:15 pm ET

This writer's opinion seems to be shared by the majority of US
citizens . As a Canadian citizen this bail out will affect this country
just a negatively as well as many others

OBAMA IS BI-PARTINSAN, MCCRYPT, NOT SO MUCH!   September 28th, 2008 7:12 pm ET

During the first Presidential debate, I noticed bi-partisanship in action.

1. Obama: “John you were right…”

This shows that Obama is admitting that he does not have all the answers and is willing to listen to all sides of an issue before making a final decision. This is a very good trait to have in a President that wants to represent ALL of America.

McCain would not even acknowledge Obama when Obama was talking directly to him. He appeared bothered and angry that he had to waste his valuable time explaining himself to Obama. McCain’s disdain for Obama was apparent in his demeaning and snide comment stating Obama being so far to the left that it was hard to reach across the aisle in a bi-partisanship manner. McCain came across as a small-minded, petty, angry and bitter old man. Not good traits in anyone, but certainly not in a man vying to be the President of the UNITED States.

2. McCain: “Senator Obama does not understand…”.

It was obvious that the contrary was true, Obama did indeed understand, what McCain obviously meant was that Obama did not understand issues the same way McCain does, which is obviously the ONLY correct way in his mind.

Moral:

McCain claims that as a “maverick” he likes to make quick decisions and then live with the consequence. We are looking to future, and want to see how McCain would interact with Obama, Congress and the citizens, we do not want some old story line where in the past you did this with that Democrat and that with this Democrat. Your current demeanor speaks volumes as to your ability to be “bi-partisan” in the futures.

Question to America:

Do you want to place the future in the hands of a man that makes quick, erratic decisions without research and have the consequences affect the lives of your children?

Michael, watching from Canada   September 28th, 2008 7:11 pm ET

Does the US want to improve its image around the world?

Good foreign relations requires mutual respect…..

When you shake someone’s hand, you should be able to look at them in the eye.

But no, at the beginning of the debate when Obama approached McCain and shook his hand, McCain could not look at Obama……in fact, McCain almost grimaced when he shook Obama’s hand!

McCain was rude, condescending, and during the debate, exuded an air of superiority, looking down at his opponent.

How can anyone hoping to raise the image of America around the world show such a superior attitude? Regardless of which country you come from, God did create all men and women equal.

Yes, America is the most powerful nation in the world…….

But, no matter how powerful a country is, it is not power (and the almighty Bush/McCain superior attitude) that engenders good relations…..

But whether you show some respect to the others!

NClaw441   September 28th, 2008 7:11 pm ET

Fannie Mae was run by Obama's economic advisor. Reform after reform has been proposed by Republicans and Democrats alike, but Democrat leaders have quashed every effort. Dem leadership, including Barney Frank, has denied that any crisis even existed.

Johnboy   September 28th, 2008 7:11 pm ET

How many Congress men and House men are going to jail?

No one going to jail?

WHAT?

How can this be? Its billion of dollars?

Is our goverment letting us down?

The Geico Caveman   September 28th, 2008 7:10 pm ET

Caveman speaks while dribbling a basketball:

Americans spent millions of dollars at the movies watching the latest flick by Will Smith. They snorted down popcorn and nachos with their chubby kids. They had a good time cheering for this living legend.

American companies spent multi-millions just to get Tiger Woods to endorse some of their " made in China " products. These companies cheered when Tiger won his last PGA tounament. People will stand in the soaking rain just to see this icon play golf.

American spent even more millions just to see their favorite basketball player. Kobe, LeBron, Kevin Garnet and even Tim Duncan burning up the hardwood with spectacular monster jams. Fans giving high fives. People nearly jumping out of their skin cheering for these rich ball players.

Some of these "cheering" American want to bench Barack Obama. Some say " …he's not ready". What? He's good enough to be a pro golf player…..a big budget movie star….he's good enough to play ball only. Oh I see..he not " experienced enough" to be President of the United States of America. C'mon ..what's the real reason? He's black..ok…I said it for you.

You see…this kind of thinking will only set YOU back in the stone ages.
And YOU wanna call me the neanderthal.

Caveman start shooting jumpers.

Don   September 28th, 2008 7:10 pm ET

If we do away with McCain's $300 Billion in tax cuts to his corporate fat cat buddies, we'll only be on the hook for $400 Billion. That's way way way too much for us to be paying, but still moving in the right direction. If we take the $6.6 Billion in pork out of the spending bill yesterday, that pays it down even more.

Let Barack Obama at the budget with his scalpel instead of Gramps and his chainsaw and we can work this down even more.

R L Turner   September 28th, 2008 7:08 pm ET

Sort of weird that they would ask a multi-billionaire, Warren Buffet, a friend of Wall Street and the Mortagage Industry, to comment on the bail-out, when they should be getting on the record, front page comments from Middle and Poor America. It's amazing how this country lacks any sense of humility and believes the RICH BOYS have the answers, when the RICH BOYS have gotten us into this RICH BOY GIMME MONEY FREEBE MESS. Enough of Buffet and all that crony clan of money grubbers, who would cheat their own grandmothers. CNN needs to have REAL AMERICA BOYS AND GIRLS ON THE FRONT PAGE.

Mrs. Texas Teacher   September 28th, 2008 7:08 pm ET

Does anyone recall that Bush, Jr. was one of the biggest cats in the last saving and loan bailout in his daddy's administration? Strange that just before he goes out of office we need another one!

Michael, watching from Canada   September 28th, 2008 7:07 pm ET

The world knows that it was Bush and the Republicans whose policies of deregulation is the root cause for the financial crisis around the world.

It continues to amaze me that the REPUBLICANS WILL NOT ACCEPT RESPONSIBILITY FOR THEIR ACTIONS……..

but rather try to blame the Democrats or Wall Street.

The world knows the truth…….

Republicans are guilty of the financial mess

ANGIE   September 28th, 2008 7:07 pm ET

WOW SHAKING MY HEAD BUSH HAS MADE A MESS BEYOND MESS OF THIS COUNTRY !!

Pam - Long Beach, CA   September 28th, 2008 7:06 pm ET

We can fight back at the ballot box. I am not voting for any incumbents in November - either Republican or Democrat, federal, state or local.

I am also not voting for someone who changes his position everytime the political temperature changes because you can't tell what he would actually do once he got into office. He might devate from campaign statements/promises more than Bush did. God help us.

TruthOnly   September 28th, 2008 7:04 pm ET

Let me tell you what I think is sicking. We still have people that lives here in the US and see the disgrace we are all over the world, and we still have those same ignorant people who voted for this lame duck president now supporting, a hot headed person that has a vendetta to still settle.

This man can't identify with most of Americans….he could if most americans were worth millions.

Think about this… If he care about you and your well being….. you would be hearing about all of his accomplishment of what he has already did for you, instead of talking about himself as a POW.

The one who is really trying to help you is that guy, this is new to the sen. He's new and already making an impack for all americans.

INDEPENDENT   September 28th, 2008 7:04 pm ET

This is an example of Republican (McCain) deregulation of the markets to benefit the big corporation and rich going wrong that will now effect every Amercian.

MCCAIN JUST SAID A FEW WEEKS AGO THE ECONOMY WAS STRONG!! HE HAS 7 HOUSES AND SEVERAL CARS. WHAT DOES HE KNOW ABOUT THE AVERAGE AMERICAN AND THE ECONOMY AND IT SHOWS BY HIS COMMENTS.

I AM VOTING FOR OBAMA 08

Ed, Santa Fe, NM   September 28th, 2008 7:02 pm ET

PALIN IS A BLATHERING IMBECILE

Bill   September 28th, 2008 7:02 pm ET

THE DUNG HAS HIT THE FAN, NOW WE ALL WILL SMELL IT.

Freeport Dan   September 28th, 2008 7:00 pm ET

I Don't Support at all the govt giving 700 Billion to fix this Wall St screw up. That money is going to vanish an a few rich people are going to be able to breath easy again. Screw'em.

Give the money to the people. This is the plan. Figure out the numbers on how many homeowners there are with mortgages on their primary residence. Take the $700B and pay of say 50% of of the outstanding principal on those mortgages. Have the money go directly to the banks(Not checks to citizens). Make the banks refinance those loans with new lower monthly payments.

The money they receive is going to give them all the liquidity they need. The reduced mortgage payments are going to create so much additional discreationary income that the people will invigorate the economy with new buying and investing.

That solution with create a long term benefit to the US economy. Hell if you are giving it away spend it the way the people want for their benifit.

This Give $700B to these fat cats is the most ridiculous thing I have heard. This is Bushes last chance to give money to his richy rich friends. Halliburton, defense industry, oil companies and now Wall Street. Bush is going for the Hat Trick and the fools are letting him.

What a Crock.

Yea I Said it.

alvino   September 28th, 2008 6:59 pm ET

Gee, will we have enough left to support more wars if Johnny Mack gets elected? It will also be interesting to see if McCain will support Bush and the biggest socialism project in modern history.

Wake-up America   September 28th, 2008 6:58 pm ET

REPUBLICANS OFFICALLY INTRODUCE AMERICA TO SOCIALISM!

Someone who really understands Politics Go Get 'em.

There is plenty of blame to go around. Poor lending practices, an overstated hosing value market, deregulation of an industry that has gone rampet for years, greedy corporations and their executives and Board of Directors. But there is another factor no one wants to talk about: speculative buyers and homeowners buying other properties to flip them for profit. Nothing wrong with that, that is Capitalism. But when everything collapsed and they couldn’t pay their mortgages they file Bankrupcy and then the Mortgage holder is left holding the bag. Then it snowballs into this mess and taxpayers again are paying for it. Franckly, I pay my Mortgage every month and the Bailout Plan has considerations for foreclosures but I believe it should be limited to Primary Residents only. It’s bad enough taxpayers are bailing out Wallstreet and big Corporations, which is unfortunately necessary but why should the rest of us help the speculators?

Michigan Independent   September 28th, 2008 6:56 pm ET

What would happen if the $700 billion was divided equally to all US citizens to pay their debt to credit cards, house mortgages, college and car loans…..this would be a major stimulous to all US citizens and financial bodies?….

insider   September 28th, 2008 6:55 pm ET

If I was a cartoon artist I could draw a picture of a wealthy man in a very nice suite (he might look like Mccain) with one arm stretched out and reaching out to the government with his palm open and his other arm stretched out giving the finger to the poor people in the unemployment line.

Pissed over this bail out!!!

bill canada   September 28th, 2008 6:52 pm ET

Just watched 3 football games on tv. with all 3 stadiums full and CNN. sending helicopters at $800 per hour to show the highway in Alaska for the hundredth time. Seems to me ,you guys have too much money.

fixthebroken   September 28th, 2008 6:52 pm ET

I implore everyone to take the time and read the 106 page bill in full in order to make an informed decision as to whether this is the best compromise in order to balance a stop of an economic collapse with the money we as tax payers will initially pony up.

My initial reading tells me that the bill is not great, but it is not the end of the world either. Much better than Paulson's original circus act plan.

Mrs. Texas Teacher   September 28th, 2008 6:51 pm ET

Well, that one went up. Strange!

I think the Republicans got us into this mess, and McCain is right in there with the rest of them. Now he is crying Maverick. Maverick of what…. deregulating every thing he can so that people like him and his wife can rape the public…. and get bailed out.

Does anyone recall that Bush, Jr. was one of the biggest cats in the last saving and loan bailout in his daddy's administration? Strange that just before he goes out of office we need another one!

Rob indetroit   September 28th, 2008 6:50 pm ET

This is what happens when Republicans are in power, My plan calls for every republican to lose his seat in the white house,senate ,and congress.when that happens then we will have the utopia that has been promised.

ohio   September 28th, 2008 6:50 pm ET

did mccain sign the bill??? he was there to fix all the bailout problems. mccain go home and sleep

Maura, TN   September 28th, 2008 6:49 pm ET

One word, deregulation.

Obama/Biden 08

California   September 28th, 2008 6:48 pm ET

tnx for stealing my tax dollars

Mrs. Texas Teacher   September 28th, 2008 6:48 pm ET

I would like to know why I can't get a comment posted? I see much largers comments and yet mine are not even coming up for moderation! Any explanation, I do wonder!

Liz T, Tucson   September 28th, 2008 6:43 pm ET

Obama will tax windfall profits and incomes over $250,000. That should take care of any golden parachutes.

If there are 25 million bad mortgages, 700 billion dollars would pay 28 payments of $1000 each on every one of them. Why wasn't that considered? Seems like that would take care of the problem. I could stay out of trouble with just $500 per month, so maybe could others. Why not just bail out the little people? We vote, and, more and more, we donate to campaigns.

I hope there is enough flexibility to change the law when Barack gets into office.

Rob indetroit   September 28th, 2008 6:43 pm ET

MCsame caused all this ,MR.Deregulator!!!!

Sharon from Virginia   September 28th, 2008 6:41 pm ET

This Bailout is a bunch of BS. I say let the Melt Down Begin.

C-Lo in Texas, Obama 08   September 28th, 2008 6:40 pm ET

NO BAILOUT, PERIOD.

Mack   September 28th, 2008 6:39 pm ET

People..there is a lot of blame to go around and you should not just blame the republicans..the democrats have been in charge of congress for two years and have done nothing..they actually managed to accomplish less than the DO NOTHING CONGRESS. McCain warned people, Obama did not..so stop blaiming the wrong people.

Emma, San Jose, CA   September 28th, 2008 6:39 pm ET

Steve Schmidt said on Meet the Press today that John McCain is the one who brought the sides together so this could happen. He is shameful and a liar, like his candidate.

McCain still suffers from PTSD   September 28th, 2008 6:38 pm ET

These two past weeks has proven to the American people that Mr. McCain is still suffering from PTSD and unfit to hold the office of the Presidency of the United States:

1. Rolling the dice with Americans is NOT presidential Mr. McCain. Your GAMBLING problems have 'rolled' into the Presidential race!

2. Selecting a VP candidate as a model spokeswoman for 'beauty' is NOT presidential

3. Spewing LIES every time you campaign speaks to the American people Mr. McCain is NOT presidential

4. Using POW to solicit sympathy and a handicap as a means to prove you’re qualified Mr. McCain is NOT presidential, it is down right corrupt and unethical

5. Claiming only YOU can find Bin Loden because you know where he is and knows how to get him but you SIT ON YOUR HANDS and use this to win votes is NOT AMERICAN NOR Presidential ! THIS IS TREASON!

6. The American people saw what McCain offered this past Friday at the debate and what McCain displayed shows us again, he is UNFIT to serve.

7. McCain who is suffering from PTSD and unable to manage his emotions is HIGHLY RISKY FOR ANY CRITICAL OFFICE.

8. Mr. McCain, keep your promise to the American People and think of country first! Resign your campaign and admit you are unfit to serve.

TO ALL AMERICANS THAT VOTED FOR BUSH, NOW IS THE TIME TO PAY THE BILL!   September 28th, 2008 6:36 pm ET

To all those who voted republican in 2000 and 2004, your responsible for the folks that brought America to the brink.

So, do like the sane one that did NOT vote for bush but now have to help pay the bill for his disacterous reign.

I suggest you do the same accept responiblity, that you enabled the Moron, now you have to pay the price!

MikeH   September 28th, 2008 6:36 pm ET

Sunlight is best disinfectant. Publish the names of ALL the executives, at ALL levels (I'm talking to you Bush and Cheney) who contributed to the looting of America.

Griff   September 28th, 2008 6:35 pm ET

Some people are so nieve.. This is not 1949…. America wealthy?

INDEPENDANT VET   September 28th, 2008 6:34 pm ET

WHO WAS IT THAT STARTED SENDING JOBS AWAY WITH NAFTA ???

NOW LOOK WHAT THE DC BUNCH WANT TO PUT IN AS YOUR LEADER .

CHECK THE WALL STREET JOURNAL , LOOKS LIKE THE DC BUCH DIDN'T DO TO MUCH CHECKING . FOR THERE LEADER HAS TERROIST TIES . OBAMA AN HIS LONG TIES WITH WILLIAM AYERS , WHO WAS ON THE FBI'S MOST WANTED LIST FOR NEARLY A DOZEN TERRORIST BOMBINGS .

THE TRUTH IS FINALLY COMING OUT.

MICHELLE HAS ACHIP ON HER SHOULDER ALSO , FROM BACK IN PRINCENTON .

THEREFORE WHAT A BIG MISTAKE THE DC BUNCH HAS MADE. BOOOOOOOOOOOOOOOO

Annie   September 28th, 2008 6:33 pm ET

I hope this works, or God help us. And for anyone who thinks that McCain is or can be a savior in all this, he's still for cutting taxes on corporations and the top 10% wealthy (trickle down economics), and deregulation. This is a man with an oil heiress mom and beer heiress wife who may have been a POW but doesn't know what it's like to juggle eating with keeping a roof (single or plural) over his head. Hope you know what you're doing when you vote in November.

MikeH   September 28th, 2008 6:33 pm ET

The French turned to the guillotine for use in times like this.

jimmy   September 28th, 2008 6:33 pm ET

DEMOCRATIC LEADERS (PELOSI AND REID , ETC.) HAD TWO FULL YEARS TO TELL THEIR CONGRESSIOAL COMMITTEES AND SUB-COMMITTEES TO DO THEIR JOBS OVERSEEING THE WORK OF THE MANY AGENCIES OF THE FEDERAL GOVERNMENT .
TWO YEARS ….FELLOW AMERICANS , OF INACTION BUT THEY ALL HAD TIEM TO TAKE 5 FULL WEEKS VACATIONS WHILE THERE WAS CRITICAL WORK TO BE DONE IN CONGRESS..
NOW THESE SAME PEOPLE CANT WAIT THEIR TURN TO TALK IN FRONT OF TV CAMERAS AND REPORTERS TO TELL US THAT THEY HAVE REACHED A HISTORIC ACCOMPLISHMENT BY THE
]EMERGENCY BAILOUT BILL SEN.. RIED SAID" WE HAVE A CRISIS"
AS IF HE ANDAMERICANS JUST REALIZED IT. ANOTHER ONE "
HE SAID" WE HAD TO DO SOMETHING" REALLY ? DID THEY NOT
KNOW THAT THIS WAS COMING?

WM in Colorado   September 28th, 2008 6:29 pm ET

All of you that plan on voting for either McCain or Obama are getting what you deserve. There is absolutely no difference between the two of them as far as I am concerned…or between the Democrats and Republicans. They are only looking after themselves.

Wake-up America   September 28th, 2008 6:28 pm ET

Mack: McCain did nothing except hamper the efforts on Thursday. He is not on the Committee, he is not the President, Thank God!!! He is nothing more than 1 Senator just like Barack Obama and the other 98 Senators. Get your head out of the Elephants backside!!

Linda/Michigan: Everything I have heard and read from multiple news organization, indicate nothing regarding earmarks. Just another uninformed, ignorant Republican who can get facts straight.

Jayson: Another uninformed Republican. FACT: 109th Congress (1-2005 to 1-2007) Senate: 44 Dems, 55 Repubs & 1 Indep; House: 206 Dems, 227 Repubs & 1 Indep; 110th Congress (1-2007 to 1-2009) Senate: 49 Dems 49 Repubs & 2 Indep; House: 236 Dems, 199 Repubs. So Democrats have had a slim 4% lead in only the House for 19 months, dead even in the Senate and the Republicans are saying the Democrats have done nothing. Try watching C-Span. I researched your claim and there was no such motion presented in the Senate or the House. Maybe he was part of a proposed bill, but didn’t present it.

By the way: McCain has missed 57.4% of Senate Votes from Jan 2005 to Dec 2007. I am excluding 2008 since he has been campaigning. By the way you ignorant Republicans, there is no such vote as “Present”. It is Yea, Nea or Missed Vote. And as you can see McCain tops that list, IDIOTS. He has been a ghost for the last 2 years. But he and his Republican Greed Machine Corporate Executives and Lobbyist are the cause of this mess. Just do a little research.

HunkyForJustice   September 28th, 2008 6:28 pm ET

Oh dear God! With 700 billion dollars just printed out from nothing, what's gonna be the INFLATION?????!!!!! Tell me I'm having a nightmare!

melica kendrick   September 28th, 2008 6:28 pm ET

i think this bill sucks why should my hard earn money pay for this when bush is the one who put us in this why don't bush sale his farm and take all his money and put on this bill this bill is not going to help me i am a poor person living from pay check to pay check and now bush wants more of my money the rich gets richer and the poor get poorer bush don't care about no one but himself if he walk in my shoes for 6 months then he no but no this bill not going to hurt him and all so why should we still have to pay all the past president after they leave take that money put on this bill they have there onw money why do we still need to pay them the rest of their life that is wrong i blame bush for putting us in this like i said he don't care about us just himself if obama say he for this bill i will not vote at all cause i sure don't want another want a be bush in there mcCain that what he is this bill is not going to help us just the rich
melica ann kendrick

Griff   September 28th, 2008 6:23 pm ET

Whether a $100,000, or a $100,000,000.000. You still need professinal's. Give it to anybody, they will take a Holiday in Mexico or something as Stupid..

nadeem   September 28th, 2008 6:23 pm ET

I cant' believe this is the result of 8 years of republican rule.

FreeNLovIt   September 28th, 2008 6:21 pm ET

You know, for once in a lifetime, I actually want to see them stand at lines, asking for UNEMPLOYMENT and foodstamps, the way we all do.

I think after experiencing it, they'll value making money the old-fashion way.

I guess life is not fair.

CM   September 28th, 2008 6:17 pm ET

Now look for Johnny to come out from the wings and take credit for pushing this through.

Aren't you Republicans done raping this country yet? We're spending how much on an illegal foreign war and McCain's answer is to cut spending at home? Looks like it'll just go towards supporting more of his wars.

Mike Dallas   September 28th, 2008 6:16 pm ET

I did not support the bailout because I felt Bush and his appointee Paulson were devoid of integrity, economic knowledge and I was suspicious of their motivations. It was too reminiscent of the run up to the Iraq war. I was extremely distrustful of the bailout.

However, today I hear Warren Buffet has stated that the bailout is absolutely necessary to prevent credit system from freezing, so, albeit, reluctantly, I do now support the bailout bill.

Shirley Collins   September 28th, 2008 6:15 pm ET

I do not understand why you reporters allow people like Barney Frank and Chuck Schumer to stand in front of mikes and cameras and blame this financial fiasco on George Bush and the Republicans. Check their records!!! They both blocked legislation even after Alan Greenspan testified that there needed to be greater oversight on Fannie Mae and Freddie Mac. Both cited that these were sound institutions. Barney Frank even encouraged them to make more loans to poor constituents. Then they along with Barak Obama say that this is George Bush and his failed policies. Some of you are sleeping on the job!!! There's enough blame to go all the way around both parties and it should be pointed out!! Do your job !

L. MIAMI, FLORIDA   September 28th, 2008 6:15 pm ET

AMERICANS,

OLD MCSHAME HAS NO HONOR EE I EE I O !

American Patriot   September 28th, 2008 6:14 pm ET

No bail out for the American people.

GET READY FOR THE WORST DEPRESSION IN HISTORY.

Me and MY FAMILY ARE NOW PREPARED< IS YOUR FAMILY.

We have stocked up on what we need to survive.

The time to March on washington by the Millons has come.

Lisa   September 28th, 2008 6:14 pm ET

In the vent that the $700 Billion Bailout Bill is past. I don’t care what the content is, Bush is still getting a check for 700 billion dollars.
During the last recession, my husband lost his business, I did not see the government bail us out, we lost everything.

If they need a bail out, let the CEO’s return the Bonus they got, the millions of dollars they where paid.

I do not want my tax money used et al, not one penny, in the event my tax dollars is used for this bailout, I will sue the government of the United States of America as well as Wall Street and all the financial intuitions that have any thing to do with this.
I will start a petition, and then call every American Citizen to join me.

I am not kidding
Try it and lets see what happens
I do not want my kids or my grand/great grand children to end up paying for people who committed fraud; they have gotten away with it for many years.

Let the Rich bail themselves out!

A really upset American

I don’t want my tax money used. And if you do, I will sue the government!!!

Some Things Never Change   September 28th, 2008 6:14 pm ET

I say let the economy melt down, maybe at that point the government and the rich will learn their lesson. Oh, I'm sorry it's the rich and big business who run the government, the Congress, the Candidates and the White House are in their back pockets, we have a puppet government.

Ladies and gentlemen we are seeing the beginning of the end of free market capitalism and a switch to Socialism where government owns the means of production and they set the price.

This bill is not worth the paper it is written on, if anyone thinks the government will actually do anything to enforce these so called measures they are living in a fantasy world. The government hasn't done anything to protect us working folk yet, like they will start now. It is all about big business and the rich and powerful, so much for the little guy. I guess we are just left sucking in a wind tunnel, sucks to be us doesn't it.

PM   September 28th, 2008 6:13 pm ET

ENOUGH!!!!!!!!!

When Walmart was putting small businesses out of business, where was the bailout?

When the mortgage crisis began, over a year ago, where was the bailout?

When Delta declared Chapter 11, where was the bailout?

No bailout, none, zip, zero. Help the real Americans. Help the Americans who go to work everyday and are having trouble paying for groceries. Do not help the people who make over 10 million dollars a year. Do not help the people who are driven to work and have not shopped in the grocery stores in years if not decades.

Make the C-Level exec's cut their salaries and benefits to save their companies. Make the people who have no sense of reality, no sense of what their lowest paid employee goes through just to feed, house, and cloth themselves and their families tighten their belts and reinvest in their companies.

ENOUGH!!!!!!!!!!!!!!!!!!!!!!!!!!!!

S. Boatman   September 28th, 2008 6:12 pm ET

Im Going To Read It First . . . But Im Quite Certain I Wont Be Happy With It!

JD in NC   September 28th, 2008 6:12 pm ET

Hopefully it will be followed by stronger regulatory oversight and enforcement to prevent this from happening again.

It might slow down "growth", but right now we are going to be shelling out a lot of cash to deal with the false-growth Wall Streeyt was reporting.

Barney   September 28th, 2008 6:11 pm ET

But Monday's a Jewish Holiday - Lieberman couldn't be there.

Wonder how much McCain's 8 houses - oops, mega-mansions - value declined thru all this ?

MLD   September 28th, 2008 6:11 pm ET

I hope the American people will realize that this mess was caused by the ideals of Mr. DEregulator. It's time to see McCain for the hypocrite he is with his flip flop crap spewing from him daily.

leapfrog   September 28th, 2008 6:10 pm ET

Bend over, everyone. Time to take your medicine…

el   September 28th, 2008 6:08 pm ET

I'm hearing about the bail-out bill and wondering if any member of the oversight committee that will be formed isn't going to be a presidential appointee, and why, if as it is being framed a bail-out for main street, doesn't it give bankruptcy judges the authorization to rewrite mortgages with lower payments to prevent some of the rising number of bankruptcies.

The bigger question I have is why didn't the bail-out go entirely to the people? $700 billion=$2300 per person, $9200 for a family of four. That could've paid off a lot of credit debt, mortgage payments, and increased retail spending, all of which could have freed up credit markets, kept people in their homes, and stimulated production/retail sales.

Not to mention it would've gone a little way to improve the approval rating of congress. The overwhelming majority of people in this country are against this bail-out, if it went to us, the overwhelming majority would be for it, which might mean less political ramifications come November.

REPUBLICANS OFFICALLY INTRODUCE AMERICA TO SOCIALISM!   September 28th, 2008 6:07 pm ET

To all the ditto heads screaming Obama will introduce the United States to socialism. Since republicans appear to have a difficult time with both facts and how to obtain them, and ditto heads seem partial to having decisions spoon fed to the them in small easy to remember sound bites, much like a baby eating his or her daily morning pabulum, therefore I have done the research for you.
.

“All socialists share the belief that capitalism unfairly concentrates power and wealth into a small section of society who control capital, and creates an unequal society. All socialists advocate the creation of an egalitarian society, in which wealth and power are distributed more evenly, although there is considerable disagreement among socialists over how, and to what extent this could be achieved.[1]”.

One of the extents to achieve socialism is called “social democracy”.

“Social democrats propose selective nationalization of key national industries in mixed economies combined with tax-funded welfare programs”.

As a result, under the last 8 years of republican control in the White House now and control of Congress since 1996 until 2007 the U.S. government now owns an insurance company, two main home financing companies and very soon will own investment and banking firms both national and international in what used to be the private sect.

The bill that will introduce us to socialism is now in Congress and was introduced by republicans under President George W. Bush

So, to recap:

President Obama will INHERIT an economy that is ALREADY a democratic socialist economy that was set up by republicans as a welfare program to bail out the fat cats on Wall Street!

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