September 28, 2008
Posted: 08:24 AM ET
 Nancy Pelosi said 'great progress' has been made on bailout negotiations.
Nancy Pelosi said 'great progress' has been made on bailout negotiations.

WASHINGTON (CNN) – Congressional negotiators "made great progress" toward reaching a deal on the White House's proposed $700 billion bailout of the financial system, House Speaker Nancy Pelosi said.

Pelosi, flanked by Senate Majority Leader Harry Reid and other congressional leaders, made the announcement around 12:30 a.m. Sunday after a long evening of talks on Capitol Hill.

Their goal has been to craft and announce a final deal on legislation by Sunday, in time for the start of financial markets around the world.

"We have to get it committed to paper so we can formally agree," Pelosi said.

Reid said congressional staffers would be up all night putting the details so a deal could be announced sometime Sunday.

Under the tentative deal being finalized, the rescue program would be overseen by a board including the treasury secretary, secretary of commerce, head of the Securities and Exchange Commission and chairman of the Federal Reserve, said Sen. Kent Conrad, R-North Dakota, who heads the Senate Budget Committee.

Full story

Filed under: Congress


beevee   September 28th, 2008 10:36 am ET

The final plan does not look much different from the one porposed by Bush and the democrats. Why did the reps delay and threw monkey wrench in the negotiations for the past 3-4 days? It looks like they and McCain want to claim the credit for resolving a tough economic issue and make McCain look presidential. Pitiful ploy.

inuk of the north   September 28th, 2008 10:35 am ET

Ask yourself one question in all this.

Has there been one person involved in this negotiation, just one, Dem or Rep or other, that isn't a multi-millionaire???

Bush, Paulsen, Reid, Pelosi, Bernanke, Schumer, Dodd, etc.

We are totally getting the shaft.

Bulldog   September 28th, 2008 10:35 am ET

And I'm sure the McCain will attempt to take credit for this out of pure desperation. If they do I think most people are smart enough by now to see this cheap stunt for what it really is. McCain is losing bad, and this is just another dirty strategy he is using to try to fool people into believing he saved the country. What a joke.

dan   September 28th, 2008 10:34 am ET

I think there is something wrong with McCain's eye site. One eye was bigger, he stared off, he would no look into camera or a obama. That is the REAL reason he wanted to postpon the debate. Can someone look into this. His eyes had the look of someone who can not see.

Rob   September 28th, 2008 10:34 am ET

I'm a Democrat , but Pelosi and Reid are traitor's . shame on them .They keep selling us out . How can people vote for these 2 idiots . We should vote all of these people out and start over–we can't be any worse off . And when they leave office no health care–unless they pay on their own and no pension–just like the average American

When is this bill being available to American citizens to see , I don't trust any of these people

rjay4   September 28th, 2008 10:32 am ET

You hit it right on the head!!!

facts are facts   September 28th, 2008 10:31 am ET

Hopefully China won't run out of money due to a financial crisis of their own or take exception to some the GOP's diatribe and call in their current paper.

BJGT   September 28th, 2008 10:31 am ET

Now we've got another trillion on our backs, on top of the Iraq trillion. Our children and grandchildren will have to go without a decent health care program as well as improved infrastructure and education. This will take a long LONG time to pay off.

THE TRUTH   September 28th, 2008 10:31 am ET

I DO NOT LIKE THIS BAIL OUT DEAL, BUT IT IS NEEDED. I HOPE THIS WILL JUMP START OUR ECONOMY. THIS IS A GREAT COUNTRY THAT SEEMS TO BE ON THE EDGE OF A ECONOMICAL BREAK DOWN. PEOPLE LET'S DON'T TALK SO MUCH MESS ABOUT OUR COUNTRY RIGHT NOW. WE REALLY ALL NEED TO COME TOGETHER AND DO THE RIGHT THING. I HOPE CONGRESS DO THE RIGHT THING AND PUT THE RIGHT PROVISIONS IN ORDER FOR THIS COUNTRY TO REGROUP. I LOVE THIS COUNTRY AND THE TWO CANDIDATES THAT ARE RUNNING FOR PRESIDENT. BUT I MUST END WITH THIS: IN ORDER FOR US TO GET BACK TO OUR GREAT STATUS IN THIS COUNTRY, AND THE WORLD, WE NEED OBAMA AS PRESIDENT. IF THIS HAPPENS, WE WILL BE ON THE RIGHT COURSE OF GREAT PROSPERITY.

susie   September 28th, 2008 10:30 am ET

People should read (google) the "Community Reinvestment Act" and see how the Democrats actions helped put the Banks in the mess that they are in now.

Helen, NY   September 28th, 2008 10:30 am ET

Why should we see Nancy Pelosi and Harry Reid in this picture. Are they taking credit for this solution? They with Barney Franks and Barack Obama of course, are the part of the problem. They want to take credit for this solution. They wanted to sign the agreement last week. American people must give all credit to House Republicans and John McCain with Sen Shelby. These are great people who have real interest of tax-payers at their hearts. Imagine if Democrats get 2/3rd majority in Congress in come November. We will become a third-world country. Mark my words.

NOSS   September 28th, 2008 10:29 am ET

PELOSI, REID, SCHUMMER, FRANK, DODD and OBAMA :

RUN CHICKENS RUN

FOR THE POLITICAL COVER OF THE GOP

TT   September 28th, 2008 10:29 am ET

We're beginning to see what makes how John McCain makes
decisions:

FLIP / FLOP

FLIP / FLOP

FLIP / FLOP

sound familiar?

inuk of the north   September 28th, 2008 10:28 am ET

A sell-out.

We've been sold out.

Here's is tangible evidence of the influence that bankers, CEOs, financial special interests and lobbyists have on both parties.

Wall Street insiders were even allowed to help write the deal.

When we asked what the REAL problem was, they kept saying it's tooooooooooo complicated to explain to us neanderthals. What crap!

Congratulations! Americans are now on the hook for delinquent mortgages and car loans and credit card debt. Foreign banks are covered as well. Foreign banks????????

Over 65% of Americans did not want this deal and the Dems and Reps went ahead anyhow and picked our pockets for $10,000.00 per family.

Do we need another Boston Tea Party?

Washington has nothing but disrespect for the voter, the wage-earner, the pensioner, the entrepreneur, etc. How do we shake them up?

Otto Von Hinkie   September 28th, 2008 10:27 am ET

I cannot believe Democrats actually are siding with Bush to have the American taxpayer pay for the GREEDY mistakes of the Banksters.

This is shameful and disgusting. Heads they win, tails we lose.

This system is a failure. Period. It's been spinning in the bowl leaving skid marks for too long.

Our "American Dreams" were nothing but empty promises from political buzzards who have fed off of our miseries for too long.

jim segrest   September 28th, 2008 10:25 am ET

I am dissapointed to see CNN doing for Democrats exactly what FOX has been doing for Republicans. This morning your supposedly uncommitted voters were anything but. And the CNN Newsman was clearly biased.

PAUL PROVIDENCE RI   September 28th, 2008 10:25 am ET

The people who oversee this mess are the same who turned their back on it. Congress, thats right congress. You had 2 failed companies a few years ago that brought down lots of people and put them out of work. The stock holders also were shut out. What did congress due then,,,nothing, business as usual. Now here we are again with more damage and because it is a politial year they are doing something…NOT. Get rid of these do nothing people in congress, stop being hood winked. I really believe the American people are smarter then this.

Former Republican   September 28th, 2008 10:25 am ET

The McCain/Palin campaign is politicizing the economic crisis just like Bush politicized the Iraq war.

McCain and Palin tried to weasel out of the debates using the economy as an excuse. When the poll numbers were released showing that Americans wanted to see the debate go on, McCain changed his mind and decided to show up.

When McCain said "he would issue a spending freeze on everything but defense veterans and national defense, he was talking about every arm of the federal government, including the SEC who's job it is to protect investors.

If we elect McCain, expect nothing but hot air. Our financial problems will get worse. Even if I was going to be taxed more under Obama, it would be worth every cent to keep the U.S. economy from failing.

Joey G   September 28th, 2008 10:25 am ET

Now that our Democratic congress has succumb, again, to the wishes of Bush and his trumpeters regarding the flushing in of the bailouts for distressed financing companies,at the taxpayer's expense.
Sad to note, the majority of those that have commented via telephone, emails and letters, have left them to the mercy of those that represents them. So, this country will again suffer another term of the Bush Administration because we have consolidated our ranks in a divisive way in a civil disobedience in not voting for Obama and the whole Democrats in what they vie for another term in Congress. We are saddened as our own Congress representatives did not listen to what their constituents have desired to be.
We have cursed the failure of this incumbent administration, but we also demand results from our Congress who were and have embraced the failed policies of the Bush administration. Our Congress have lied to us, saving their own personal self rather than the people they represent. Then, let our minds speaks for itself and voting against Obama is our mindset for elections on Nov. 4.

Chris H.   September 28th, 2008 10:25 am ET

We've heard this before…lets see some results.

Willy Brown   September 28th, 2008 10:24 am ET

You know how you can tell when a Democrat leader is lying to the American public? There lips start moving.

ALECO-----NOKOMIS,FL   September 28th, 2008 10:23 am ET

JOHN McCAIN LOST MILLIONS OF VOTES WHEN HE SELECTED THE VILLAGE IDIOT TO BE HIS RUNNING MATE.. BOY WHAT A DING BAT.

Mr Republican   September 28th, 2008 10:23 am ET

This plan will give all power to Paulson and destroy the dollar. The beginning of the end now.

Mr Republican   September 28th, 2008 10:22 am ET

This is nonsense. American voters don't want this. We want arrests and court dates for the accused……

Mk   September 28th, 2008 10:22 am ET

gee and they did it without MCain being there, imagine that.
Maybe now he will at least BEGIN to realize how insignificant he is.

“If B.S. were currency, Palin could bail out Wall Street herself"   September 28th, 2008 10:21 am ET

The Repugs are incompetent. I'm looking forward to Palin.
Look the rules of that debates were changed, because she's much too unqualified for a 5 minutes free discussion, so it was down turned to just 2 minutes. I'm looking forward to see her talking free, without the Telepromter and without scrypted speeches. Hope Biden slams her, as much as possible

Hey guys, really. McCain is all talk about NATIONAL SECURITY;
but truly, the biggest risk for our National Security is SARAH FAILIN!!!!

Obama/Biden by landslide

Post this, CNN!!!!

Brent Scott   September 28th, 2008 10:21 am ET

To Michael in Canada,

I couldn't agree more. Just so you know, I am not part of the iggnorant, crazed, uneducated 46% of Americans that support this idiot!

“If B.S. were currency, Palin could bail out Wall Street herself"   September 28th, 2008 10:21 am ET

The Repugs are incompetent. I'm looking forward to Palin.
Look the rules of that debates were changed, because she's much too unqualified for a 5 minutes free discussion, so it was down turned to just 2 minutes. I'm looking forward to see her talking free, without the Telepromter and without scrypted speeches. Hope Biden slams her, as much as possible

Hey guys, really. McCain is all talk about NATIONAL SECURITY;
but truly, the biggest risk for our National Security is SARAH FAILIN!!!!

Obama/Biden by landslide

Annette   September 28th, 2008 10:20 am ET

McCain campaign is trying to spin this bail out mess, as a win for them. This bail out mess should not be a political photo op. or a political mind game. This serious economic mess is not a political game, there are millions who have lost their homes, thousands their jobs, a poor educational and healthcare system, a serious need for a progessive energy innovation policy, not to mention a over extended military. There are some serious matters facing the next president. To try to win a media cycle for purposes of swaying votes each week is very unstable and will be costly to the McCain campaign.

MarioB. from Berlin “If BS were currency, Palin could bail out Wall Street herself"   September 28th, 2008 10:20 am ET

The Repugs are incompetent. I'm looking forward to Palin.
Look the rules of that debates were changed, because she's much too dumb for a 5 minutes free discussion, so it was down turned to just 2 minutes. I'm looking forward to see her talking free, without the Telepromter and without scrypted speeches. Hope Biden slams her, as much as possible

Hey guys, really. McCain is all talk about NATIONAL SECURITY;
but truly, the biggest risk for our National Security is SARAH FAILIN!!!!

Obama/Biden by landslide

MarioB. from Berlin “If BS were currency, Palin could bail out Wall Street herself"   September 28th, 2008 10:20 am ET

The Repugs are incompetent. I'm looking forward to Palin.
Look the rules of that debates were changed, because she's much too stupid for a 5 minutes free discussion, so it was down turned to just 2 minutes. I'm looking forward to see her talking free, without the Telepromter and without scrypted speeches. Hope Biden slams her, as much as possible

Hey guys, really. McCain is all talk about NATIONAL SECURITY;
but truly, the biggest risk for our National Security is SARAH FAILIN!!!!

Obama/Biden by landslide

McCain=the draft   September 28th, 2008 10:20 am ET

Very well said Michael, watching from Canada!

I'll add, McCain never really did suspend his campaign, and if this bailout fails McCain will reverse his spin as he has done so many times before!
This is all pure politics with him!

auggie   September 28th, 2008 10:19 am ET

what a bunch of DUMBIES, America is DOOMED!!

John   September 28th, 2008 10:19 am ET

Michael, Just stay in Canada because it is obvious that is the type of socialist government you want here in the US. All the left wing liberal wackos should just move north of the border. The Untide States will be a much better country for it.

MarioB. from Berlin “If BS were currency, Palin could bail out Wall Street herself"   September 28th, 2008 10:19 am ET

The Repugs are idiots. I'm looking forward to Palin.
Look the rules of that debates were changed, because she's much too stupid for a 5 minutes free discussion, so it was down turned to just 2 minutes. I'm looking forward to see her talking free, without the Telepromter and without scrypted speeches. Hope Biden slams her, as much as possible

Hey guys, really. McCain is all talk about NATIONAL SECURITY;
but truly, the biggest risk for our National Security is SARAH FAILIN!!!!

Obama/Biden by landslide

jaye   September 28th, 2008 10:18 am ET

To Michael from Canada - BRILLIANT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Wish you lived here so you could vote!!!

Bob   September 28th, 2008 10:18 am ET

People from Canada need to shut their pie holes and stay out of our politics.

alvino   September 28th, 2008 10:18 am ET

In 1929 a republican ruined the economy and a democrat was elected and fixed it. In 2000-2008 the republicans did it again, and it will take a democrat to fix it again.

Bob   September 28th, 2008 10:17 am ET

I read an article the other day that showed the congress taking close to a billion dollars in gifts from wallstreet/banks. I think part of any solution is to force them to give that money back.

Barney   September 28th, 2008 10:17 am ET

Michael - Very nicely outlined. Our country is in trouble if this erratic elderly man is elected. What's the general feeling in Canada?

How do we restore our standing in the world if we continue on the same dead end track with more of the same?

Some of us have our eyes open, but as you well know the majority got it wrong twice. I'm so afraid we're in for a "three-peat" that will take us into more wars.

auggie   September 28th, 2008 10:17 am ET

NO BAILOUT!!

jaye   September 28th, 2008 10:17 am ET

Thank God!
My bank is on the brink of bankruptcy - and my payroll due this coming week.
I simply cannot go for weeks without getting my payroll check, and if my company bank crashes I'm out in the cold.
BTW - would CNN please report heavily on the lack of gasoline in the south east? North Carolina has been running on empty for weeks with many stations closed, out of gas, and riots at the pumps.
Also, the republican leaders in NC are trying to punish us so we'll vote for them.
I'm voting democratic this year! Period!!!
On a side note - thank you Jack Cafferty for having the guts to speak out about Sarah Palin!!!!! THANK YOU!!!

TL   September 28th, 2008 10:15 am ET

Can someone stop Palin and Rove from destroying the Social Security system ?

John, FL   September 28th, 2008 10:15 am ET

$700B of imaginary Federal Reserve money… can you say, "hyper-inflation?"

Mike   September 28th, 2008 10:15 am ET

The only way I want to see a bailout is if the entire $700 billion funding comes solely from the pockets of congressional members. Otherwise, these idiots are proud to announce a "compromise" for a program 92% of Americans do not want, refuse to pay for, and will not accept.

mark from NY   September 28th, 2008 10:15 am ET

the republican is trying to lead the democrats to a trap. i hope obama stays away from this. it is a trap.

Anonymous   September 28th, 2008 10:13 am ET

NO!NO!NO!NO!NO! NO BAILOUT! WHY SHOULD WE HAVE TO PAY FOR THESE STUPID CHOICES THAT HAVE BEEN PUT UPON US. ITS TIME TO LISTEN TO WHAT THE MAJORITY OF THE PEOPLE WANT! THIS WON'T SOLVE ANYTHING, THIS BANDAID WILL SILP OFF THE FIRST TIME A DROP OF WATER TOUCHES IT!

Mike   September 28th, 2008 10:13 am ET

Again today. McBush put ' Country Last ' , by takeing this terrible American economic crises that he helped cause. And used it as a political gimmick to attack Rock Obama and lie that he was the one useing this crises for politics. Obviously the exact opposite is true and the shameless McBush has done nothing in this crises except try to exploit it for his own shallow motives.

Willis Chico Jr   September 28th, 2008 10:12 am ET

I'm a bit confused… since the whole "bail out" ordeal started we see politicians on T.V. saying, "we'll work through the weekend to solve this"… Can some one explain this to me? I am a 24 year old college student and I have been working every single weekend since I started college just to barely make ends meet and I should feel sorry for them? Because they got us into this mess and they think I feel bad for them for having to spend 1 weekend "working"? Give me a break! I don't agree with the bail out and I can not believe that they are still going on with it although AMERICA doesn't want his to happen. We Don't want this bail out! Where is the so called democracy? When do I get to vote on this?
Our government got us in this mess because they straight and simply lied to us… they lied for 8 years about our economy. They knew what was happening but they decided to say nothing. Now they act as if they were martyrs and they are doing us a favor by working a lousy weekend? It's absolutely infuriating!

ML - California   September 28th, 2008 10:09 am ET

Congress and all people involved need to "cut to the chase" and get this Bailout resolved. If other Americans did what I did and "wrote our Congressman or Senator", then it should be obvious that the people do not want to pay taxes for greed and corruption. So when all of the Washington individuals get it together, let's all hope it is beneficial for everyone.

John Starnes Tampa Florida   September 28th, 2008 10:08 am ET

That Paulson, former head of Goldman Sachs, would even insist on secrecy and immunity from court review and oversight, of his and Bush's $700 BILLION Wall Street bail out, makes even more clear that the last thing they are concerned about are the CITIZENS of this country who would be forced by the IRS to fork over the money. America has truly become a plutocracy, a nation of, by, and for the super-wealthy. Time for citizen result, say by 50 million of us "forgetting" to file next April!

arnold   September 28th, 2008 10:07 am ET

For all you wondering why McCain can't look Obama in the eye, who could and keep a straight face looking at those baby new year ears !!

Who steps in for Biden when he has a stroke? He's at a higher risk of dying than McCain. How can Obama ask him what to do in a crisis if he's in a wheel chair drooling?

Obama is not Bipartisan, McCain is. It's time to start thinking like an adult and pick the best man for the job at present. Don't base your decision on some vision of a fantasy world. Our enemies are positioning themselves now. We must not appear weak !!

Deborah Black   September 28th, 2008 10:06 am ET

Don't do it. It is a bailout of criminals and wealthy people. GIVE EACH AMERICAN, the same ones who just cog a paultry 300-600 dollars, A CHECK FOR 1 MILLION DOLLARS. That would put the money back where it needs to be, in the economy, not lining these criminals pockets.

300 million vs 700 billion. We would be able to pay our mortgages, send our children too school, buy the newer clean engergy cars. Hey we might even be able to go to a movie, eat out, or drive across town to visit grandma. They have no idea what they are doing, unless they are all just so blind or corrupt they can't or won't see the truth.

This bailout will do nothing for Americans. We have already been raped and now they want to rob not only us, but our children and grandchildren.

The bailout is criminal and will do nothing to solve the probelm of putting money back into the economy.

Walt   September 28th, 2008 10:06 am ET

Mike, you guys on the outside looking in, seem to have a better grasp than McCain's supporters.

What is really funny, is that early in the week it was a republican president and his staff that said we needed this bail out and we need it ASAP.

By the end of the week it is the democrats' bailout and the republicans are coming to save the day. Spin is amazing!!!

Tim   September 28th, 2008 10:06 am ET

This might sound silly to say but I ask in earnest.

Do old people understand that every single thing they say ends up on the internet and can be searched for in a matter of minutes?

I think a report needs to be done on this because I honest to god to not believe people like McCain and Kisinger fully understand what the internet is.

For example a few days before the debate Kissinger said and this is paraphrased from a direct quote on a CNN transcript of Kissinger speaking "we should start talking to Iran ASAP and we can not put conditions on it"

That information is there, to be read by anyone. There is no concievable way of redressing when what you say once it's been said anymore. The internet owns you in that sense. I would like to see this question asked to old people. "Do you understand that everything you've said for the past 25 years is on the internet in one place or another and accessable to everyone"

Please ask this to them.

PUMA-Jessie   September 28th, 2008 10:03 am ET

Tried to get a message up, but since it was a little negative in regard to Obama, it was sent to some dark and damp place, never to see the light of day. It was all true, but that makes no difference to CNN. I only watch Lou Dobbs now and I boycott all their advertisers, except those that advertise on the Lou Dobb's show.

Shannon   September 28th, 2008 10:03 am ET

Thanks Mr Obama, I really want to help bail out people who took loans they couldn't afford, and I really want to bail out Wall Street. I notice the wording on the compensation for bigwigs reads, we are going to limit their compensation packages. Why the hell should my tax dollars compensate people who ran their business into the ground. Give me a break! Anyone who votes for this, won't get my vote.

Human Nature   September 28th, 2008 10:02 am ET

It is terribly niave to think that introducing Presidential politics into this would make it go faster, not slower.

Since we elect Congressmen every two years, all 435 Members of the House of Representatives are facing election threats. Therefore they are more motivated by their personal situations than the national situation.

It is the height of arrogance for John McCain to suggest that he has influence in this situation. He doesn't understand basic human nature if he though he could have a positive impact.

Historically, as a Senator, he doesn't even work with the House of Representatives. Additionally, remember that Conservatives have always not exactly trusted John McCain so those House Republicans that were part of the problem do not really know McCain, nor do they have any reason to RESEPECT him.

At least by the end of the week, Senator McCain got the message that Barack delievered over a week ago … they both should use the telephone, blackberry, video conferencing, etc. to stay "plugged in" to the discussions. Then, IF NEEDED, they can fly to DC in the span of about 3 hours.

This keeps the additional narcotic ifluence of Presidential press away from these legislators.

mitch   September 28th, 2008 10:02 am ET

as long as it has barack's 4 pt. additions, then,ok. but, i still dislike the fact that republican DE-regulation and greed are the cause. and the GOP holdouts ,on the bill, were asking for what? more deregulation and tax-cuts for those that got us into this. they need to disappear this election.

JohnBoy   September 28th, 2008 10:01 am ET

HOW ABOUT A INVESTIGATION INTO WHO CAUSED THIS PROBLEM.

LETS GET RID OF THE DEMOCRATS AND REPUBLICANS THAT CAUSED THIS PROBLEM.

THERE SHOULD BE PEOPLE GOING TO JAIL.

THE AMERICAN PEOPLE SHOULD DEMAND THIS.

SUPPORT McCAIN 08

alvino   September 28th, 2008 10:01 am ET

90% Bush + 9% Cheney + 1% Maverick + 0% Knowlege of the economy = 100% John McCain.

John McCain should step down because he is dragging the Sarah Palin campaign down.

fbrothers   September 28th, 2008 10:01 am ET

New lows for the U.S.A. Capitalism does not work. Vote'em out.

Palin............IS NOT READY   September 28th, 2008 10:01 am ET

Sarah Palin is not ready for AMERICA…………..and AMERICA is not ready for Sarah Palin.

It was NICE while it lasted, Nice to have met ya……………

marie   September 28th, 2008 10:01 am ET

Oh good we get to bail out idiots who took loans the couldn't afford, and payoff Wall Street big wigs who ran their businesses into the ground. I pay my bills, I live in a house I can afford, I go to work everyday, where is the reward for that. Oh, wait there isn't any we just get to work harder to reward bad behavior. Thanks Mr Obama, and the rest of the give it all away Democrats. Really I don't mind!

EJ   September 28th, 2008 9:59 am ET

Without the presence of McCain? Wow, how did you all do it? McCain was hoping he could use this to his advantage. It didn't work. In this card game, the joker doesn't trump the other cards. That's only in "I declare war". Ironically McCain's favorate game.

Are we that stupid...   September 28th, 2008 9:59 am ET

What's worse…The fools or the one who follows
This bailout is a total scam…let the market fix it
We are just giving our money (That we do not have) to these jerks
These clowns in Washington are fools and a waste of space
But the sad part is …We will vote ALL of these fools back in
This is so, so sad…we will NEVER LEARN

H   September 28th, 2008 9:56 am ET

SINCE CNN DID NOT GIVE US A CHANCE TO COMMENT ON PALIN CONTRADICTING MCCLAIN WE WILL USE THE OUTLET. WHY DONT YOU BRING UP THE MANY TIMES THAT BIDEN HAS DISAGREED WITH BARACK. BIAS AND HATE THAT IS WHAT IS HAPPENING IN THE MEIDA BEGINNING WITH CNN.

I ENCOURAGE YOU TO SHOW THIS COMMENT. EVENTUALLY WE WILL GET THROUGH TO EVERYONE. AND YOU THE MEDIA WILL BE HAS BEENS.

Dave, Illinois   September 28th, 2008 9:56 am ET

Hey Hosehead "Michael" from Canada, who cares what you Canadians think, eh. Let me guess, your probably French Canadian. Worry about your own socialist government before you spout about the man running against the socialist Obama in this country,

REPUBLICANS ARE NOW RESPONSIBLE FOR TURNING THE U.S. INTO A SOCIALIST COUNTRY!   September 28th, 2008 9:55 am 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, I have done the research for you.
Ditto heads seem partial to having decisions spoon fed to the them, much like a baby eating his or her daily morning pabulum.

“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 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 as a welfare program to bail out the fat cats on Wall Street!

georgia independent   September 28th, 2008 9:55 am ET

So, has McCain "blessed it" yet?

If not, we'll see him blunder and bluster his way to DC again. Oh wait, yesterday he said he could use the new-fangled invention - the telephone - to call Washington…

McDrama is getting older…

Media Sheisters   September 28th, 2008 9:54 am ET

"Palin takes questions during cheesesteak run"

CNN sheisters took off the comments from this story…why?
Were they on target? Absolutely.
You wont post this comment will you?

JD in Moraga   September 28th, 2008 9:48 am ET

It looks like they're letting the goats guard the grain.

LAST HOPE   September 28th, 2008 9:47 am ET

In order for the GOP to survive…………IT MOST PULL SARAH PALIN from the ticket………………She has proven to be a complete LIABILITY.
Also by removing her, John McCain will appear to be even MORE
IMPULSIVE, ERRATIONAL, INDECISIVE, A POOR DECSION MAKER, AND A HUGE RISK TO THIS COUNTRY. His Judgement CAN NOT be TRUSTED he make irrational and impulsive hasty decisions that will FURTHER put the American people in MORE OR WORSE Economic strife.

DROP SARAH PALIN
DROP SARAH PALIN

John McCain Also need to make a PUBLIC APOLOGY to ALL the WOMEN IN AMERICAN FOR HIS SEXIST TREATMENT OF SARAH PALIN.

Don   September 28th, 2008 9:43 am ET

OK. So let me understand this. This is going to be monitored by the same people - Treasury, Commerce, SEC who let this happen in the first place? And Senator McCain is "MIghty Mouse" up there saving the day? For whom, his gambling buddies as pointed out in today/s NYT?

David Letterman got it right, "This whole thing is starting to smell."

Sue in MI   September 28th, 2008 9:40 am ET

That doesn't sound like an impartial, non-partisan board of oversight. I'm already not liking this!

ralph   September 28th, 2008 9:38 am ET

McCain just did not want to debate against a black man. I think he did not look at Obama because he felt insulted that he was running against a black man and that his latest gamble blew up in his face.

Bottom line: Obama has NO resume, even for change!!   September 28th, 2008 9:38 am ET

Michael,

Go have another Molson. There are fundamentals of the economy that still are strong, so get over it. Yes, blame McCain for wanting to actually do something as a Senator, whether he has the expertise or not. You want Franks, Dodd, and Co to make the call?? Those morons have been overseeing this crisis for 2 years, and did nothing despite McCain's call to investigate. Stick to what you know best……hockey and Rush.

MK, Apex NC   September 28th, 2008 9:38 am ET

I hope they do something to stop the run on these banks. I can't watch these banks collapse one after the other. Hope our economy isn't going down the tubes.

This is a scary moment.

Paul Thompson   September 28th, 2008 9:38 am ET

If there were ever an argument for the Fair Tax…..

this is a failing system…but those in power seem like
they just want to hold on to what the have…even
at the expensive of all of us.

Remember, we've already voted for 'change' two years ago with Democrats controlling congress!

Change….or more ot the Same?

Bill, Michigan   September 28th, 2008 9:34 am ET

. . . The republicons are going to raise your taxes to pay of the
wall street crooks. Just say NO to voting republican. Who's socialist
and want handouts now?

Democrats 08.

Michael, watching from Canada   September 28th, 2008 9:28 am ET

Let's see…..

The fundamentals of the economy are strong!

Then less than two weeks later……

I am suspending my campaign because the economy is in crisis!!

Then less than two days later……

Even though I have listened to all concerns from Republicans, there is nothing I can do to contribute substantively to the Banking Committee discussions, I better go to the debate.

Now the debate is over, I better go back to Washington, contribute however I can, even though I have no economics expertise…..

so that when an agreement is reached between Republicans and Democrats……

I can spin the truth and make claim that I was the one able to rescue the financial crisis!

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