September 30, 2008
Posted: September 30th, 2008 08:15 PM ET

WASHINGTON (CNN) – The Senate plans to vote on the $700 billion bank rescue plan Wednesday evening - two days after the House failed to pass it.

The bill adds provisions - include raising the FDIC insurance cap from $100,000 to $250,000 - and will be attached to an existing revenue bill that the House also rejected Monday, according to several Democratic leadership aides.

The vote is scheduled for after sundown, in observance of the Jewish holiday. Republican presidential nominee John McCain and Democratic nominee Barack Obama and his running mate Joe Biden confirmed that they would be present for the vote.

The bill also includes a "Mental Health Parity" provision, which would require health insurance companies to cover mental illness at parity with physical illness.

Democratic sources told CNN that they expect bipartisan support for the bill. Because tax bill must originate in the House, the Senate is attaching the rescue plan to a bill that deals with renewable energy tax incentives.

This would allow the Senate to vote before the House to approve a bailout bill.

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Filed under: Economy


steve Gillispie   October 1st, 2008 1:24 am ET

ARE YOU NUTS ??????????? OUT WITH THE OLD IN WITH THE NEW, ARE YOU REALLY THIS STUPID, HOW ABOUT WE VOTE ALL YOU MORONS OUT AND START THE PRIMARIES OVER, ANYBODY THAT IS FOR THIS NEEDS TO GO, DIDENT THOMAS JEFFERSON SOMETHING NEEDED TO HAPPEN EVERY 20 YEARS ? I DONT HAVE THE ANSWERS, BUT THIS AINT IT...............................................................

Daniel Baker   October 1st, 2008 1:23 am ET

Sick and tired of all this bashing.

Come on! There isn't a single sidewalk quarterback out here who would not get bashed to high heaven, not one who would have all kinds of nitty faults found out about him or her, if he or she made a run for it. And once in office – ANYONE who is elected will get hit, and get hit hard, by both sides: too much this way.. no, no, too much the other way. Anything and everything that goes wrong will be blamed on that person, including Obama. If elected, he WILL be blamed for plenty of stuff, rightly or wrongly.

What I do NOT like is the debate I heard the other night where Obama just simply could not stay with the issue to be decided on. He HAD to repeatedly and continually cast blame on the Republicans. I cannot abide that at all; that dirty bashing nauseates me. What goes around comes around, MISTER Obama. Sometimes big time! I find myself really hoping that it does.

Yes, I'm a whitey. But yes, have very, very close black friends. My dislike is for bashers, ANY bashers, not a dislike for race.

Give Sarah a break. She might end up being better for this country than any of you could ever be, and better than any of the other three. Wouldn't that set your flapping jaws asunder.

Know your History   October 1st, 2008 1:21 am ET

Why stop at adding credit card debt, lets add unpaid student loans, how about library overdue fees and video rewind fees? Lets pay off every single overdue notice and delinquency all in one shot.

We can just have other people pay for it. How about we call in the markers other countries owe us? I know the Marshall Plan has never been paid back and Europe seems to have money to spare. How many billions have we "loaned" Israel since the 70's and not one penny has come back? Not to mention the many many other countries that owe us in one way or another over the years.

What? That's a crazy idea? And you think printing 700 billion dollars, allowing the government officials who helped cause this and give it to the companies that racked up the debt IS a sane one? The Germans once printed money to pay off their debts, how did that work out again?

Cam   October 1st, 2008 1:11 am ET

to john above regarding contributions from Freddie and Fanny

Do some research before you contribute to the discussions. Obama's contributions came from employees of the companies. McCain had even more contributions from the companies although his came from the CEO's and executives (you know, the crooked ones who caused the problems....).

Oh, and McCain's campaign manager Rick Davis has collected over two million dollars in fees up until last month through his lobbying company.......

So, john, just STFU until you actually look past the republican spin and do your homework.

k   October 1st, 2008 1:06 am ET

Colin: A better question in my mind is why is a body of the US govt taking a Jewish holiday off? It is not a national holiday in this country. Does the govt of Israel take off on our American holidays? Should any holiday be observed during what they themselves have deemed a national catastrophe?

Laura   October 1st, 2008 1:05 am ET

Why do Republicans always want to give tax breaks to the wealthy and none of it to your average citizen. and democrats should be fighting for middle america, if that's who they say they represent
Call it what is, Another tax break for the rich. I see nothing about middle america.

The rich get richer and the poor get poorer. I'm not voting anymore, Another 4 yrs of this crap.

ALLAN USA   October 1st, 2008 12:57 am ET

wake up America. No obama . He is not good for America.

Barbara CA   October 1st, 2008 12:40 am ET

Thank you Senators Obama, Biden and McCain. Please let all the other Senators know that if our founding fathers had not understood when it was time to work together and move in a new direction; our country would now be called 'New Britain'. We would be using the metric system, buying petrol and driving on the left hand side of the street. Now is the time to make the best choices for the American people.

One man, one vote.

JFK   October 1st, 2008 12:35 am ET

Democrat for John McCain

"Obama is coming to DC to vote 'Present'. What a hypocrite. he has done nothing and he knows nothing. Sikcne when did he become an economist. He has no experience in politics and now he wants to talk about bailout. He has blinded Americans and media has been pro-Obama. Barack -Get lost."

Sorry Democrat, if you do not see that Obama has more leadership skills in his little finger than all of McCain has, then please vote for McCain. In fact, just join the Republicans and do us a favor. I am not happy that Hillary lost but Obama is the better choice. I can not and will not turn our country over to a bunch openly crooked and hypocritical excuses for leaders. We have suffered enough the last 8 years. NO MORE!

David   October 1st, 2008 12:29 am ET

If Paulson sincerly believes that his plan is the right thing to do than he should demonstrate his sincerity by resigning. If he is unwilling to let other people execute his plan... than the truth is he is just looking for another opportunity to further enrich his friends.

sandee in Portland   October 1st, 2008 12:24 am ET

We're not talking about credit cards people. We're talking about credit that your employer needs for payroll, supplies to maufacture items, people being able to buy cars, houses, etc. If people can't buy, there is no trickle up theory.

For anyone that has a doubt, such as John who wants to know how many earmarks are in the bill. Go online, the entire bill is there for you to read. If more people would read it then they would understand. This is not just about Wall Street! It's about the banks extending credit to our employers, etc. for daily operations, when the business is small or employs thousands of people.

Get real and read the bill before you make any more stupid comments. As usual the majority of the American public starts speaking before they do their homework and make uneducated remarks.

The more ignorant they are, the louder they shout   October 1st, 2008 12:22 am ET

It appears there are a lot of people who are offering strong opinions about this bill who have not even skimmed its actual contents. Yes, it's 110 pages of somewhat dense legalese. I just don't understand how you can:

1. Criticize specific components of the plan that simply don't exist
2. Offer opinions on the net impact of the plan unless you are a Wall Street veteran or a PhD in economics
3. Regurgitate opinions of partisan political pundants who are not qualified to offer an informed opinion or have a huge axe to grind regarding the bill

The proclivity of some people to confidently and loudly proclaim their opinions is often only outstripped by both their lack of knowledge and their ignorance of the facts. If you do not understand the bill, please shut up and let your elected representative take care of it.

indy chris   October 1st, 2008 12:21 am ET

In a free market democracy, we get the leadership we deserve. If we want propaganda over facts, the media gladly dishes it up. If we demand easy credit to buy gas guzzlers, homes we can't manage and cheap foreign products from mega-stores that kill local economies, they gleefully give it to us. When we prefer jingoism and xenophobic contempt over empathy and self-examination, we set ourselves up for isolation and attack. Every time we vote for mediocrities pandering to our petty intolerance and selfishness, we ensure that petty intolerance and selfishness rises to the top.

America, the enemy is us.

CAW in MD   October 1st, 2008 12:20 am ET

Since I can't comment on the Fact Check entries here, I would at least like to throw this out there - how hypocritical of McCain to say that he is outraged by "gotcha" politics, and then runs advertisements that are exactly what he is decrying. Although it has been apparent for a while that it is no longer true, I do mourn the fact that this man was once looked up to as a straight talker. Had he taken the high road in this campaign, it would have done untold good for future elections. Instead, we get this muck.

Moon Maiden from Lake Michigan   October 1st, 2008 12:20 am ET

I am sick to know all I have saved for, raising two childern alone, sending them to private schools, college and now I am sixty one and the govermenent and feds and wall street is raping me of all my savings.

I am voting this year and for Obama

Moon Maiden from Lake Michigan   October 1st, 2008 12:15 am ET

I am sick of this .

Can't wait unti Nov 4 for Obama to be President.

bob in LA   October 1st, 2008 12:12 am ET

WHAT!?!?!?!? Senators doing their jobs? OK, we can pay them for working one day this month.
When do tax payers get a bailout from Congressional welfare?

notsotough   October 1st, 2008 12:09 am ET

I don't know what all the fuss is about. Wall Street does NOT need to be bailed out. Main St. does. Us citizens (the government, on out behalf) should but up the mortagages and maintain payments so people can stay in their homes. Let Wall St. take the hit for their "paper" losses and go home. The American people will make a profit to fund education, social security, national defense (the reason for thre Federal governemnt in the first place) adn its a win-win. Except for the people who won't be making the obsene profits they posted on paper. They lose nothing but their plans – not a dime!

Chuck   October 1st, 2008 12:06 am ET

This bailout = socialism.

Welcome to the world where the "have-nots" dictate where your money goes.

Reagan   October 1st, 2008 12:04 am ET

I wonder if O'Bama remembers how to get there?

Benita Tacoma, WA   September 30th, 2008 11:58 pm ET

I think they should vote the whole bill down and let the credit crunch fail. For far too long American, hell, the World has been living beyond their means. So what, we might not get to have the newest '09 car and may NOT get into a home that we can't afford. We may have to buy second hand all the way around, clothes, cars and rent an apartment. The small businesses that have been seduced on living on LOC may need to go bust and rebuild, lesson learned. We are Americans and we need to quit letting the world, the politician and the big business bankers tell us how we should run (or ruin) our lives.

I am ready for whatever this thing throws at me.

Tim E   September 30th, 2008 11:57 pm ET

If 90% of the foreclosures are in four states, then only 10% of all foreclosures occur in the other 47 states. Why do we need a bailout system for the other 47 states? If 75% of all subprime mortgages are doing just fine in repayment, why do we need a system to bail them out? If Sonic franchisees cannot get credit from Sonic, how about using cash? Pay as you go built many a business in this country. Successfully. If the principal problem is that a house is not worth what the note on it says, whose fault is that? If home builders over built and saturated the market with homes that are not selling, how does that differ from any other producer who misfigures his market and has a surplus of product and a dearth of customers? And why should the mechanic's family in Wasilla, the car wash attendants' elderly parents in the nursing home at Cicero, Ill., or the autistic grandson of the daycare school's custodian in Lindale, Tx, pay to keep the Bank of America's balance sheet attractive? In spite of the "chicken littles" and doomsayers, the hysterical henrys and nervous nellies pleas for immediate and gross changes in the American System, I counsel careful consideration of the causes of each of the problems, with problem solving focusing upon doing only as much as is absolutely necessary to correct this period of adjustment. After all, a $100 billion here, a $100 billion there and pretty soon we're talking real money.

The Real Maverick for Obama   September 30th, 2008 11:55 pm ET

Wow, John McCain is going to vote? He hasn't voted in the Senate since April 8! Will there be cake to celebrate?

Why Obama   September 30th, 2008 11:53 pm ET

Democrat voting McCain.

Mariaelena Raymond   September 30th, 2008 11:49 pm ET

So the Senate is going to vote for the giveaway, and the last I heard there is another tax cut added for big business. There's no reduction in money given, the oversight board is not an independent board...it's all Bush people. And we're giving a blank check for one person to use unilaterily(sp?)

You are not making any change for America, not helping our country or our citizens who make under $250,000 annually. This is, as they say about the Senate often, just another exercise of mutual masterbation.

erika morgan   September 30th, 2008 11:41 pm ET

You are wrong about needing credit; our problem is that more then all the wealth we have, has been loaned out THERE IS NO MORE MONEY WE HAVE SPENT ALL OF IT. What is now needed is no credit period we must live within our means. This is the correction of the fallen value of the US dollar and money rescues just devalue the dollar further creating a deeper crisis. The dollar is given value by the wealth we collectively own.

All loans must be paid off however they can be. Businesses could be extended credit on accounts receivable; payroll, bills and material should be covered by profit realized that means you earn the money first. The housing market has been inflated beyond all reason by the folding in of credit card debt, and must be readjusted. This means that bailout money should go to purchasing these properties at a real value and negotiating a reasonable payable loan with either the present owner or a new buyer, but the credit card debt that has been rolled into these mortgages must be jettisoned from them. There will be losses but it is really a question of admitting the losses that have already occurred.

Speak The Truth   September 30th, 2008 11:40 pm ET

I am more then certain that McCain will pull something fancy and vote against the bill

j   September 30th, 2008 11:39 pm ET

It sounds like this "rescue"/bailout plan is going from bad to worse and even though I think something may need to be done, the bill seems to be getting worse with each revision. I find myself in sympathy with the "nay" voters, and surprisingly more in line with the conservative Republicans than the liberal Democrats. I am a fiscal conservative after all.

cecil   September 30th, 2008 11:35 pm ET

Hockey Mom Joe-six pack American Shut Up!

Why Is The Standard For White People Running For Office So Much Lower, and Acceptable?

Sarah Smith   September 30th, 2008 11:29 pm ET

ONCE we have NOTHING TO LOSE

WATCH OUT FOR US!

WE are the VOTERS!

DESTROY everything we have worked for

and RUN FOR COVER!

cecil   September 30th, 2008 11:28 pm ET

Lets See If Sen. McCain Can Keep His Unpresidential Mouth Shut!

Shay   September 30th, 2008 11:25 pm ET

Our lives are at stake and it is in the House hands. These are the people that you have elected. We are in a recession. For goodness sakes people they have put a clause in there which is (oversight ) which means ( if) there is an error it will be corrected. My understanding of the money issues is that it will be posted online every 2 days so that you can see how the money is being distributed with taxpayers money.

You have no other choice but to do this. Businesses live off of credit to buy things and pay employees which is you and to keep the business alive. The FDIC will increase to $250,000.00 so that people will not panic and take their hard earn cash out the bank, The bank make loans off your money. If it is not there then they will put a freeze on everything.

So it is your call, however there is no choice but to hope and pray for a change that things will get better.

James in NYC   September 30th, 2008 11:24 pm ET

What about the Governor with the Executive experience????
We need her to tell Congress what to do. Hopefully no one will have any hissy fits and not show up or get mad when someone says something that is not too nice.
Do your Job Senators! Please no temper tantrums and do what is right for us the taxpayers and get it done! That excuse to do nothing because of Pelosi's speech was a joke. Grow up Washington and do your jobs!

George   September 30th, 2008 11:24 pm ET

Senator Biden is absolutely correct regarding Roosevelt. CNN let's keep you honest.. Shame on you!

Franklin Delano Roosevelt : Elected to four terms in office, he served from 1933 to 1945 and is the only U.S. president to have served more than two terms. He was a central figure of the 20th century during a time of worldwide economic crisis and world war.

During the Great Depression of the 1930s, Roosevelt created the New Deal to provide relief for the unemployed, recovery of the economy, and reform of the economic and banking systems.Although recovery of the economy was incomplete until almost 1940, the programs he initiated such as the Federal Deposit Insurance Corporation (FDIC), Tennessee Valley Authority (TVA), and the United States Securities and Exchange Commission (SEC) continue to have instrumental roles in the nation's commerce. One of his most important legacies is the Social Security system.

Colin   September 30th, 2008 11:24 pm ET

If church and state are supposed to be two diff. things, why is the embodyment of the state taking a religious holladay, when the nation is suposabaly in so much trouble????

erika morgan   September 30th, 2008 11:22 pm ET

You are wrong about needing credit; our problem is that more then all the wealth we have, has been loaned out THERE IS NO MORE MONEY WE HAVE SPENT ALL OF IT. What is now needed is no credit period we must live within our means. This is the correction of the fallen value of the US dollar and money rescues just devalue the dollar further creating a deeper crisis. The dollar is given value by the wealth we collectively own.

All loans must be paid off however they can be. Businesses could be extended credit on accounts receivable; payroll, bills and material should be covered by profit realized that means you earn the money first. The housing market has been inflated beyond all reason by the folling in of credid card debt, and must be readjusted. This means that bailout money should go to purchasing these properties at a real value and negotiating a reasonable payable loan with either the present owner or a new buyer but the credit card debt that has been rolled into these mortgages must be jettisoned from them. There will be losses but it is really a question of admitting the losses that have already occurred.

Rhonda   September 30th, 2008 11:20 pm ET

shouldn't Palin be there too for support – putting country first?

what's the deal?

Anna   September 30th, 2008 11:19 pm ET

He has not voted since April?
That is how seriously he takes his job????

Whatever, Dan.

He is using public funding to run a campaign, guy.

What ever   September 30th, 2008 11:19 pm ET

Vote Palin!!!!!

Maybe if Sarah Palin gets in to the white House she can reform government. She will take the useless government members out; keep just enough to run the Country. That would save hundred thousand of $ to help wall street and America.

James L.   September 30th, 2008 11:18 pm ET

Obama,Biden,and McCain are going to vote on a bailout plan, why doesn't Palin??? Oh, that's right, she's just a rookie governor with no political experience!!!

Anonymous   September 30th, 2008 11:18 pm ET

I just realized one thing that got me thinking. I usually get multiple credit card offers every week. But other than my current card wanting me to transfer other balances, I havent had one credit card company trying to get me to sign up for one in the last 3-4 weeks. Perhaps credit really is drying up for us typical people.

And by the way, the Senate is doing this at night because of a Jewish holiday. Perhaps people making an issue think they should ignore it? Democrat for McCain, when Obama actually votes will you post on a blog here that you were wrong? Probably not.

RG   September 30th, 2008 11:15 pm ET

People, listen and keep an open mind about this. If the credit is not available for those of us who have small businesses or work for corporations already experiencing financial difficulties, many of us would be without jobs and many of our families would be in the middle of a financial nightmare. Not the best solution one can think of but after listening to different sources and being warned of the potential outcome if no action is taken, I think that it is a least a shot. Just make sure to vote based on who you really think would be better at getting us out of this mess!!

joel   September 30th, 2008 11:14 pm ET

Well.... Who's going to bail out Palin? So she heard Biden's speeches when she was in the 2nd grade, 8 years old.... hmmm I was 7 in the 2nd, did she fail? and what speeches did she hear a Juniro congressman make? ("gotta get Joe Frazier")

What ever   September 30th, 2008 11:11 pm ET

Vote Palin!!!!!

Maybe if Sarah Palin gets in to the white House she can reform government. She will out of useless government members keep just enough to run the Country. That would save hundred thousand of $ to help wall street and America.

Danny   September 30th, 2008 11:11 pm ET

The rest of the world is doing bail outs. They've done it in the past. It works. They're waiting for America to fall in line. And if America falls in line, it will work for the world. If America doesn't...well...the world will have a problem with their money in America.
And that is one of the foundations of our economy. It's a global economy stupid.
We need a bail-out.
We just need to figure out who gets the help now.
Hopefully not the CEOs that caused this crap.
In the long run, it will work.

tim   September 30th, 2008 11:10 pm ET

Mr. Obama has never had a job, never signed a payroll, never
run a business never taken responsibility for anything of any importance
and is basically just a windbag.
He should be a commentator.

Raymond Duke   September 30th, 2008 11:09 pm ET

I am surprised that Obama can take the time off to be bothered by such a trival problem. He usually just waits and does nothing qand then points out the problem and never gives a solution. Maybe this time he has had time to talk to his mentors , Reverend Wright , Ayers and Resko. Oh I forgot his bosses Michelle Obama and nancy Pelosi. All these women wanting to vote for Obama after the way they did hillary clinton and now the same tactics being used by the Obama camp , the dnc leadership and the liberal media. They must know that you people are crack heads and have not got no diginity , self respect or a brain left in your head. No self respecting man will vote for Obama that has been called , whitey , cracker or racist. I would vote for Putin before I would this black anti american socialist. Putin is more of a capitalist than this guy.

Republican for Obama   September 30th, 2008 11:07 pm ET

This is to DAVE who wants to know why George Bush is tied to this mess..
It all has to do with BIG LIES DAVE... Big lies George Bush has told to this country almost since the day he was first elected. Now it's like the little boy who cried wolf once to often. We the people, don't know if we should look for the wolf or just keep on walking. It seems most of the folks now prefer to just keep on walking rather then fall for another George Bush Lie...

Rather then make his money men, who by the way failed him, stand up in front of the people they are trying to get the money from (us) and tell (us) they have stollen from us, he, being big daddy Bush, thought he could come out once again and scream WOLF WOLF and we would all be very afraid and give him the gun to shoot the wolf . Instead we have told him to go kill the wolf himself.

And so the story goes Dave, don't cry wolf unless there really is one whether its in Iraq or at home.....

John   September 30th, 2008 11:06 pm ET

I agree with you Ron, the Reps. are setting the Dems up, and when the voting is done, McStupid will tell everyone how he voted no to the bailout. That way he can be a hero to the American people. Scary thought!!!!!!!!!!

Shaun   September 30th, 2008 11:03 pm ET

I am asha.med of the American media. It is very obvious to the world
that they are sexist and totally biased in favour of Obama.

I just hope that Americans see the system for what it really is – a sham! We keep talking about change but we really do not want real
change. I hope Palin whips Biden on Thursday.

Kathe   September 30th, 2008 11:02 pm ET

I do not believe that anyone is saying that the system is not broken. I think the argument/discussion is more about how to fix the problem. When we faced a very similar situation with the savings and loan companies, the government was able to put a plan in place the did not cost the American people the one hundred billion that was forecasted. The plan allowed the savings and loans that were capable, to clean up their own messes and the money that was lost was covered by insurance through the FDIC.

Jr   September 30th, 2008 10:58 pm ET

The bailout will not work, like GAMBALER!!!!!! WIN AND LOOSE

Anna   September 30th, 2008 10:55 pm ET

Republican for Obama:

Dude,
That's nice that he is out talking to people about what he is going to do after January 20th, when the big blowout is happening now.

Now is the perfect time for the Agent of Change to be Brilliant.
Knock our socks off. Bring Washington to it's knees AND whip that partisan pandering Congress into shape! If he was what he has been promising to be, he would be doing it already, because now is the time the Country needs it, not after it all falls apart and each can blame the other for the fallout.

Multi-tasking? Like the guy works from a cubicle???
Sure, we all can relate to juggling several things at once (relatively common, mundane tasks that we can do without thinking too hard about it). But even the humblest worker shrewdly knows when something comes up that requires their full attention and focus.

A full scale economic meltdown might be one of those times.
It wasn't the Rockefellers, Astors, and Vanderbilts that were waiting in bread lines after 1929, it was common folk like me.

Jr   September 30th, 2008 10:54 pm ET

I know Obama wont to vote yes.

Vote Obama 08

Alice   September 30th, 2008 10:53 pm ET

While I certainly support mental health parity, what does it have to do with bailing out Wall Street?

What a strange addition to the bill . . .

Jason   September 30th, 2008 10:43 pm ET

To those who just say Obama is going to vote present...did I read that McCain voted present on the last bailout when obama actually voted in favor of it? Just curious. I could be wrong. McCain is just full of it and I'm tired of the McCain camp just pulling random things out of their butts to attack Obama on.

McCain lied...example...He suspended his campaign when in reality he didn't...he still ran ads against obama and still had Palin running around for him and didn't RUSH to washington...he RUSHED to NBC to do an interview and left the next day and got there at the SAME TIME as OBAMA, who multitasked and managed his time well.

Judy from PA   September 30th, 2008 10:43 pm ET

Is Biden going to talk about being shot at again? Oh wait, that's only a problem when Hillary misspeaks!

Molly   September 30th, 2008 10:43 pm ET

CNN – I have a question – Can anyone post on this NEWS site – or just the obama gang?????

Justin from CT   September 30th, 2008 10:41 pm ET

I am proud Kucinich had the balls to vote against the bill. The far left and far right are the only ones listening to America apparently.

Kris   September 30th, 2008 10:41 pm ET

Let's ask Dodd, Raines, ACORN & Obama just where all this $$$$ went – and the Millions more will go???
They are the ones that got America in this mess – the American people will "fix" this mess in the VOTING polls.

McCain/Palin – BEST for our country

Obama For President   September 30th, 2008 10:40 pm ET

Like many people I'm not fully on board with the bailot plan but if yesterday was an indication of what could happen if congress don't take action then I'm all for it. Obama is right in that if the two parties have any good ideas then let sit down and talk about them but blaming each other will never solve anything in a crisis. COOL HEADS RULE.....................HOT HEADS DOOM.

Please people think about future and forget about past........we need to move forward to solve this crisis.

Abby   September 30th, 2008 10:38 pm ET

Obama can show up for work now – and do his job – vote Present.
Then the DNC will try to take credit – IF it works – or claim Present" if it fails. How nice – what a great group of Leaders!

McCain took charge – and spoke up for the American people – he will do the Right thing for our country.

Dave   September 30th, 2008 10:38 pm ET

I would like to know what connection George Bush has with the investors that are giving money to the Banks. Who is buying these failed mortgages and are they connected to the oil industry. Could it be that the lie that was sent to Washington by George Bush to Bail out the financial industry is meant to recover funds for George Bush’s friends and the oil industry?

JohnJon   September 30th, 2008 10:38 pm ET

No Bailout is needed. //When are you people going to get it. If you can't understand what this means then why make a statement at all. Never ceases to amaze me how some people can sit there and say no bail out. This is not only for the banks and markets, this is for the average America who will need to get credit for bills or repair to homes, cars and such thing. This is also for your employer so he can pay your wages every two weeks. Without it, your out of a wage and a job. Why is this so hard to understand? But go ahead, tell all your representative to vote no and see how long you have your job, home, cars, childrens college money. You'll all be crying and whining to all the people you told to vote no. You will only have yoursleves to blame. Foolish, foolish people

Michael   September 30th, 2008 10:38 pm ET

Still beating the "present" horse deader than dead. Considering it was a valid tactic in the Illinois State Senate which took place of saying "I like some parts, but not others, lets continue to work on it" and to which it only comprised some 3% of Obama's entire vote count during his tenure there. As for earmarks in the rescue bill, there are none, people are confusing two different bills. My apologies, I'm off to beat my own dead horse, the one labeled "educating the ignorant".

Pamela   September 30th, 2008 10:38 pm ET

C'mon people, somebody has to be the grown up here. Yes, this is a bitter pill but things have to get stabilized. Those of us who have been investing for the future have been seeing our savings drop at a rate of thousands per day. Be prepared for more difficult choices ahead no matter who becomes president if we are going to get this country back on the road to recovery after Bush.

Kathe   September 30th, 2008 10:37 pm ET

The bailout will not work, it is putting good money after bad. The Congress needs to address the core issues; Freddie Mac, Fannie Mae, mark to market, capital gains taxes etc. Have hearings, get information from the people that know how to fix this problem and then enpower the people to fix the problem. The bailout plan that was presented to the House has an oversight committee that consists of government employees (would this be because they did such a good job with the initial oversight?) Can they really expect us to trust them to fix this problem?

phil-texas   September 30th, 2008 10:37 pm ET

What we need is phil gram to come in and write a new way to steal and rape the american people. We are all little lillyputians that have no say so in what happens to our future. We need some smart person to figure it out for us. Remember we are a nation of whinners also don't forget that gram is one of John's best friends' and trusted advisors. Vote for a change.

Marilyn   September 30th, 2008 10:36 pm ET

Glad they are getting something done. Heard of two people who lost thousands of dollars in retirement benefits. Market lost more yesterday than what the rescue is for. This is effecting main street, everyday people are loosing savings and if something isn't done, more people will loose their jobs and homes.

My congressman voted NO Monday much to my surprise and I know I only have one vote, but it will be one vote less he will get.

Steve A. , New Braunfels , Texas   September 30th, 2008 10:36 pm ET

I advise any candidate who is serios about being elected to not vote for this bailout.

Leigh   September 30th, 2008 10:36 pm ET

I do not want to bail out Wall Street at the expense of Universal Health Care.
I want money for that left alone.

Jack   September 30th, 2008 10:35 pm ET

Well – obama is going to do his JOB – Finally!!!!
What about all the corrupt $$$$$ from Raines – or Ayres – or ACORN??
Let's talk about that!

Obama is a FRAUD –
McCain – a LEADER we can TRUST to take good care of our country.

Republican for Obama   September 30th, 2008 10:34 pm ET

I don't know why McCain bothers to go to Washington. They didn't want him there the last time he went and he didn't do anything while he was there. Even his fellow politicians from Arizona didn't follow his request to vote for the bailout. I guess he has no where else to go since no one goes to see his political rallys when Sarah isn't along.

Ken   September 30th, 2008 10:33 pm ET

I hope that all three of them listen to what the majority of the American people are saying, and that is NO WALL STREET BAILOUT!

I think that this is all a scam and the majority of the American people see it for just that. The rich get richer, and the poor get poorer.

Let the "over paid" CEOs pay to get them out of the mess that they gotten themselves into.

Steve California   September 30th, 2008 10:31 pm ET

While asking Obama to return is Freddie Fannie "bribes", lets also ask McShame to return his EVEN BIGGER "bribe". Get your facts straight!

C'mon CNN, don't skip this important rebuttal to John's comment above!!!

J   September 30th, 2008 10:31 pm ET

Where is John "the deregulator" McCain? It seems interesting that the republican party has taken so many positions on the topic of the American Economy.

One consistent notion comes through from the republicans – They don't care about the average man, woman or child in America – they got their wealth and the heck with the rest of you.

Oh, but please vote for the republican candidate because, lie lie lie lie lie lie------

TyWebb   September 30th, 2008 10:31 pm ET

Hey, "Democrat for John McCain", what does "sikcne" mean? Did Palin write your post?

Jack   September 30th, 2008 10:30 pm ET

Where is John "the deregulator"? It seems interesting that the republican party has taken so many positions on the topic of the American Economy.

One consistent notion comes through from the republicans – They don't care about the average man, woman or child in America – they got their and the heck with the rest of you.

Oh, but please vote for us because, lie lie lie lie lie ------

Steve California   September 30th, 2008 10:29 pm ET

While asking Obama to return is Freddie Fannie "bribes", lets also ask McShame to return his EVEN BIGGER "bribe". Get your facts straight!

Ken   September 30th, 2008 10:29 pm ET

Okay, number 1, you cannot vote "present" in the US Senate, only in the House. You can not vote, as John McCain hasn't since April. That's what surprises me, he'll actually be voting for the first time in nearly six months tomorrow. Biden I expected, they're also supposed to vote on an Amtrak bill, and folks know that's near and dear to his heart.

len2000   September 30th, 2008 10:29 pm ET

TO: gerri September 30th, 2008 10:13 pm ET

HAHAHAHAHAHAHAHAHAHAHA.

Please tell me you were kidding with that comment.

FYI... The Jewish population of the US in one of the largest in the world. Around 40% of the Jewish population in the world lives in this country.

Thanks... you gave me a real laugh (though your complete ignorance is really not very funny).

Jack Six Pack   September 30th, 2008 10:29 pm ET

Where is John "the deregulator"? It seems interesting that the republican party has taken so many positions on the topic of the American Economy.

One consistent notion comes through from the republicans – They don't care about the average man, woman or child in America – they got their and the heck with the rest of you.

Oh, but please vote for us because, lie lie lie lie lie lie------

Anonymous   September 30th, 2008 10:28 pm ET

Is McCain riding in on his white horse to save the country? He supposedly gave up campaigning (for what–almost a whole day) to give the Republicans the benefit of his vast economic experience. The Republicans then voted down the bailout he supported. Way to go John!! Then he told us all those Republicans voting against the bailout were because of Obama. I thought John led the Republican party. Way to go John!!

Go Away McCain   September 30th, 2008 10:28 pm ET

Democrat For John McCain – ARE YOU NUTS!!! Get over your racial inadequacy, because, despite what you say, it's all about Obama being black. In this case, HE IS THE BEST QUALIFIED FOR THE JOB. Deal with it!

embarrasing mcshame   September 30th, 2008 10:28 pm ET

can anyone propose soemthing that helps the regular american and not the rich CEOs only?
can someone stand up to the rich republicans?

please someone come up wtih something that will help me who pays taxes every year,
who feeds a family every year
who loves this country
loves own children
someone like the rest of the honest, hard working american people

this plan will support the GOP, Bush, Cheney their friends in all the big companies, not us........ not the regular people

mcmean is out of touch
he is out of control

Go Away McCain   September 30th, 2008 10:26 pm ET

Come on Obama, git 'er done. Goodness knows McCain is completely clueless so it's up to you. And don't we love Sarah Palin? She's the gift to the Democratic party that keeps on giving. Thanks McCain!

Winning With Obama   September 30th, 2008 10:26 pm ET

Come on Obama, git 'er done. Goodness knows McCain is completely clueless so it's up to you. And don't we love Sarah Palin? She's the gift to the Democratic party that keeps on giving. Thanks McCain!

Bob   September 30th, 2008 10:25 pm ET

There are less painfull alternatives to this bailout. Congress needs to listen up! Congress and the Clinton administration played where they didn't belong. "Oops , we brokes moms good china"

John, Obama buddies, you listening? Washingto belongs to us, give it back!

Escaping the GOP   September 30th, 2008 10:25 pm ET

Come on Obama, git 'er done. Goodness knows McCain is completely clueless so it's up to you. And don't we love Sarah Palin? She's the gift to the Democratic party that keeps on giving. Thanks McCain!

Anonymous   September 30th, 2008 10:25 pm ET

Why a comment should be reviewed by CNN? Any comment should be posted as it is, so we'll know what really people's thinking, ??? Where is freedom of speech? This country is runing only by politics not by the people, very sad! Why should I write whay I really think if CNN is going to reviewed and maybe do not posted. Wasted of time and energy. What a shame!

Richie   September 30th, 2008 10:25 pm ET

We need Defazio's bill. Please, no bailout for Wall St. big shots. Call your representative and Senator. Tell them to vote for Defazio's bill, the "No BAILOUTS Act".

Republican for Obama   September 30th, 2008 10:24 pm ET

While John McCain has been running his mouth about how great he is and how he is going to save the banking world for all of us, Senator Obama has been speaking to groups all over the country explaining the financial problems we are having and how they can be fixed. Unlike John McBush, Senator Obama knows how to multitask. He knows how to use the phone to call for progress reports or to give a suggestion or two. He also knows how to ask questions of and get directions from knowledgable people who have vast experiance in the world of finance. He has a good anilitical brain and he can figure out which direction to take this country WHEN he becomes president. As of right now Senator Obama realizes he is NOT the president,( unlike John McCain who is acting like he is) and Senator Obama is leaving it up to the leaders of the party to make the decision as to what path to take unlike John McCain, who went charging into Washington in his white jet and when things didn't go his way, had to slink out and do the very thing he was trying to get out of....... Debate Barak Obama.

Dan   September 30th, 2008 10:23 pm ET

BTW, John McCain has not voted in the Senate since April.

That is how seriously he takes his job. That is how seriously he cares about America.

As he said himself, he just wants to be President, he does not care about the country. That is why he can talk out of both sides of his mouth at the same time (saying Obama sabotaged the bailout but that now is not a time to point fingers – in the very next sentence).

alvino   September 30th, 2008 10:22 pm ET

There is no such thing as a democrat for McCain. No democrat could be that stupid.

Lisa Murphy   September 30th, 2008 10:22 pm ET

The bailout aside... I am truly surprised by the Mental Health parity. It is about time.

Sue in MI   September 30th, 2008 10:22 pm ET

Chuck, the markets nearly recovered all the losses from yesterday. I think Bush is crying "wolf" to turn the attention away from McCain's falling polls, and the threat of impeachment. This is not a do or die situation, and the solution should come from the bottom up, not the top down, because it will never reach the people we should be helping.

Chad CA   September 30th, 2008 10:21 pm ET

Imagine that...Barack Obama ACTUALLY casting a vote in the U.S. Senate. This is one to remember folks, as it's a rarity see Obama take an active role in the Senate even though that's what he was elected to do by the people of Illinois. It's refreshing to see him take a break from his years of prepping and now actually running for President during his ONE term as a U.S. senator to acknowledge that he has actual responsibilites. WOW.

jsg   September 30th, 2008 10:20 pm ET

Barack Obama, you will never read any of these emails but we get a chance to "get it said". Where is your fire? Your killer instinct? The fire in the belly, that they speak of? Wipe the floor with that two bit gambler the next two times and send him home "folded".

Sue in MI   September 30th, 2008 10:19 pm ET

And Democrat, what exactly is McCain coming to Washington to do? He has not voted since APRIL and has voted against veteran's benefits, and against regulation of the financial sector. He couldn't even rally his own party to support their President in this.
Media pro-Obama? Do you not remember Rev. Wright a few months ago? Remember the media looking into his background, his education, his work in Chicago? Obama has a law degree and is very smart on many topics. But haters will never allow themselves to admit that the man is a lot more than a suit. He has great ideas to return this country to some semblance of balance and respectability.
The only reason the media appears to be pro-Obama now is that McCain and his ridiculous choice for VP and the whole party, seem to be imploding. If you listened to McCain today, he simply repeated Obama's early morning press release about raising the FDIC guarantee, a good economic move for small business. Then McCain said he wasn't going to point any fingers, and at the same instant two of his ads appeared blaming the mess on Obama. How you can continue to support the mixed up messages of John McCain is beyond me,,,but it is (once we get Bush out of office) a free country.

Voter   September 30th, 2008 10:19 pm ET

McCain didn't "suspend" his campaign because he can't multi-task? I'm SHOCKED!

Dan   September 30th, 2008 10:18 pm ET

Excuse me "Democrat" but you just pulled all that commentary out of your as...er, hat. It is just an empty rant, with as much substance as anything your hero has said (and then not said, but then actually said, but not like that, like this, but don't quote him unless it reflects favorably upon him). In other words, nothing. And, really, when do you get tired of being so angry? That's all we need, a free-wheeling, angry President who does not understand anything about the realities of world and domestic policies. An empty suit for empty heads.

Turnabout is fair play   September 30th, 2008 10:18 pm ET

Democrat for John McCain, you are a real tool. No true democrat votes for a Republican in these times of suffering, you are a just a Rethugnican shill, get lost yourself. Besides, idiot, you can NOT vote "present" to this bill in DC, you have to vote either YEA, NEA, or NV..such a brainless idiot spewing crap because Hillary lost. President Elect Obama will be sworn in when January 2009 comes so GET USED TO IT.

KG   September 30th, 2008 10:17 pm ET

Monkey see monkey do. obama see's McCain he has to follow. Doesn't any one see the pattern first he followed everything Hillary did now he has to follow everything that McCain does.Who is going to be his leader if he wins the office. I am afraid to know.

TAMMY   September 30th, 2008 10:15 pm ET

Democrat for John McCain, go take a nap with april John McCain has not voted since March. YOU ARE THE RACIST AND LOW INFO VOTERS THAT VOTED IN BUSH. Do us real dem a favor and change your registration to REPUBLICAN because no democrat no good one atleast would EVER vote for McCain.

4000 un neccessary dead Americans is'nt enough for you, you people would much rarther another family lose their son or daghter than vote for the black guy. please get a life.

David Rosenberg   September 30th, 2008 10:14 pm ET

The one person who I would trust on this matter is Paul Volker. Whatever he says is enough for me

MW   September 30th, 2008 10:13 pm ET

Hey Democrat for McBush – all you're showing is what an idiot you are! Get lost along with your idiot candidate! W and McBush have already ruined this country – we don't need to give them 4 more years to make it worse!

gerri   September 30th, 2008 10:13 pm ET

Who cares if its a holiday in another country.Next thing you know and we wont have a vote on groundhogs day.

OBAMA IS BI-PARTINSAN, MCCRYPT, NOT SO MUCH!   September 30th, 2008 10:13 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.

The McCain camp actually ran ads ridiculing Obama for his bi-partisanship. 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?

Ron   September 30th, 2008 10:12 pm ET

I have a feeling, the GOP, McCain and the House Republicans are setting Obama and the Democrats up. This bill is unpopular with the American public, I think who ever votes for this will lose the presidency.

I think McCain will flip flop when its time to vote. This is their plan.

Lisa   September 30th, 2008 10:11 pm ET

Democrat for John McCain

What makes you more of an expert than Obama? And what does sikcne mean? Learn to spell or proof read before you spew your venom.

The View from here   September 30th, 2008 10:10 pm ET

With this being such a monumental moment in history perhaps Mr McCain should take Sarah out of speech school and take her along so she can see how government (maybe) works.

Scott Tucson   September 30th, 2008 10:10 pm ET

Obama has one of the weakest voting records in office, I expect him to wait for McCain's vote before casting his own.

JT   September 30th, 2008 10:08 pm ET

It's about time. At least we are getting our money's worth from this 3 politicians... I hope that this is beaten again. It will only give more money to the loan sharks banks and the pocket of politicians that on the pay offs by giving them campaign funds...

Jeremy Smith   September 30th, 2008 10:07 pm ET

I just remember the last time the Bush administration pushed an agenda claiming it was beyond urgent and bipartisan support was demanded...the run-up to the Iraq debacle. Makes me very leery....

xdl   September 30th, 2008 10:07 pm ET

Obama, don't vote yes, we are counting on you, and you on our vote.

john   September 30th, 2008 10:06 pm ET

Let Ask Dodd frank and other crooked politicians & Obama to give back their recieved contributions (bribe) they got from Freddy & Fanny.

How many billions earmark IN THE bailout scam bill ???

Desiree   September 30th, 2008 10:04 pm ET

There doing their jobs that the tax payers are paying them to do, this shouldn't be news.

kenneth bernstein   September 30th, 2008 10:04 pm ET

Sarah Palin is a disgrace to America....and her entire family should be on Jerry Springer!!!

maynard hopkins wi   September 30th, 2008 10:02 pm ET

vote no to the bail out...... let this run it course this is the only way that it will get back on track...there would be no government entervention..it would straighten itself out ... once the governement bails this mess out, the next time they will want the governement to help them out also..,the taxpayers can not afford this.....

let opec take the hit ... after all they have been holding the usa ransom for way to long....let the greedy suffer big time.. all ceos should be taken up on fraud and sent to the big house.

ON THE "A" TEAM   September 30th, 2008 10:02 pm ET

Having three degrees from midwest universities, I now have a new appreciation for Ivy League Schools.

We need to pick the best and brightest that our country has to offer to lead our country, no matter the person's background. In this case, Sarah need a bit more time to grow...

OBAMA/BIDEN 08/12

Sue in MI   September 30th, 2008 10:01 pm ET

So what happens when the House again rejects bailing out Wall Street? Does the Senate bill override that? I sincerely hope this fails-even with the new provisions, it is still on the backs of taxpayers to bail out Wall Street-when they should be responsible for their own created mess.

Bob (NC)   September 30th, 2008 10:00 pm ET

Obama and Biden... returning to the scene of the crime.

Can it REALLY be a coincidence that the Democrats needed an economic crisis in order to pull their numbers out of the toilet... and WHAM! the economic turmoil begins.

Huge Coincidence

Lynn in NM   September 30th, 2008 10:00 pm ET

Why would Obama even think of returning to Washington to vote? After all, he should be able to continue his campaign while the economy is falling apart? Also, how are the Republicans the cause of the failure of the bailout. Hello!!! Does anyone have any common sense? The Democrats have a majority. Gee, if your own party can't vote for your own bill, I guess it isn't that good. Step up. Since you know how to run the economy, take charge and let's see who is to blame in the next year. Then, we can vote all the Dems out.

Chuck Eugene Oregon   September 30th, 2008 9:59 pm ET

Dont agee with April, but it is her opinion. This bail out is not about wall street or the banking industry. It is about us, if the money dries up those that need credit for home purchases, automobile purchases or any major unforseen expense, they are out of luck. Plus this will hopefully keep the market from droping any further which takes away from the IRA's and 401K's of those that will retire in the next few years.
My only hope is this will blossom and take this country in a different direction.
One thing for sure, they need to keep on top of this and follow up with more bills and regulations to prevent this from ever happening again. The market needs to be regulated, especially when it comes to interest, and loans.

Joe the Troll   September 30th, 2008 9:59 pm ET

In today's world of instant global communications, why in the world do they have to waste fuel flying to Washington to vote? This is stupid.

T   September 30th, 2008 9:58 pm ET

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

James Wilson   September 30th, 2008 9:58 pm ET

Hopefully Scary Reid will have a muzzle on and keep his pie-hole shut.

Pete   September 30th, 2008 9:56 pm ET

The debate going on between the spin-meisters/mouthpieces of the 2 political parties is a reflection of the sad state of affairs in the greatest country in the world. They cannot seem to rise above their pettiness and are bent on exposing the other party's follies, while hiding/dismissing their own. We are supposed to be the role models of democracy, a value we want to spread around the world. Following the political discourse in this country does not inspire confidence that we have a good handle on this process. The greed/irresponsibility and callousness exhibited by both parties is truly astounding!

Are there no Leaders in this country who can rise above their petty selfishness and party politics to solve this country's problems? Sadly, it does not seem like we have any visionary Leaders in the current crop.

Mike Crich   September 30th, 2008 9:56 pm ET

April: You have no idea what the new bill says. This is a bailout for all of us, including you. I doubt that Paulson is given free reign. I'm sure that there will be close scrutiny of who gets what. What we all get, perhaps, is some breathing room so the world financial system can stabilize itself. That includes you, April; you live in this world, too.

Yikes   September 30th, 2008 9:55 pm ET

you repubs want you cake and icecream huh??? Time to vote yes and stop trying to play it safe.

Janice Il   September 30th, 2008 9:52 pm ET

By the time this administration is done with us the mental health part of the bill will be handy. What is this junk? The most important bill possibly ever and there has to be something attached to it!! That is the trouble with this mess and how it gets screwed up. Vote on one issue at a time and let us all get a good look at who voted and how they voted. Is this the best candidates this country has to offer? If it is then we are in it deep!

Mike, CA   September 30th, 2008 9:52 pm ET

Poor John McGimmick. He wants to lead so badly but nobody will follow him. Not his own party in congress, not the Democrats, not Independents. Leaders arent given power John. People follow them becasue they have vision. God Bless Barack and the US

What ever   September 30th, 2008 9:51 pm ET

Where's Palin?? Is she not including????

Jack Six Pack   September 30th, 2008 9:50 pm ET

Wow did they offer the mental health provision to cure John McCain and Sarah Palen of their constant lying?

LT   September 30th, 2008 9:50 pm ET

Those who created the crisis should effect a bailout. I'm sure that there is a enough money between the good ole boy billionaires club to bail themselves out. Look at those numbers, all of us could be well served if that money was distributed to every man, woman, and child in this country: 700 Billion divided equally. I'm not interested in paying fat cats' salaries. They don't want to be regulated (like the rest of us), then let them fix the problem. Obama, I dig you, but you ain't thinking right on this one. McCain.....look into retirement.

james   September 30th, 2008 9:49 pm ET

I thought this country observed Christian holidays. Why are politicians off for a Jewish holiday. Do I get off?

ON THE "A" TEAM   September 30th, 2008 9:47 pm ET

Having three degrees from midwest universities, I now have a new appreciation for Ivy League Schools.

We need to pick the best and brightest that our country has to offer to lead our country, no matter the person's background. In this case, Sarah need a bit more time to grow...

NOT YET

OBAMA/BIDEN 08/12

Why Obama   September 30th, 2008 9:44 pm ET

Obamas past is dirty. Can't vote for a man like that. He talkes a good game. I don't trust him.

Jim, NY   September 30th, 2008 9:43 pm ET

Oh please-the three of them are part of the problem-they've all been there while the problems were developing-

Listen to CNN's Lou Dobbs-throw all the incumbents out--it's the only way to get rid of the corruption and lying-

Greg, PA   September 30th, 2008 9:43 pm ET

Unfortunately the economic ramifications would be far too severe for this not to be dealt with. As much as I would love to see the market deal with this, that would be irresponsible.

Reagan started the deregulation, Bush I continued it, Clinton went with the flow, and Bush II was handing out deregulation like candy. No regulation creates an incentive to lie for profit, so companies don't have guaranteed accurate and reliable information. If no one trusts anyone, then they won't take the risk of extending credit, and so we have a credit freeze.

Asymmetric information is poison to free and open markets. Our only solution is damage control and re-regulation, unless we'd rather live through an economic collapse and the subsequent decade or more of aftermath.

Sorry kids, there are no quick and easy solutions here. We need comprehensive reform, not a Band-Aide.

BLee   September 30th, 2008 9:41 pm ET

BTW, why didn't John McCain wear a flag pin during the debate?

Linda Buie   September 30th, 2008 9:41 pm ET

This country is in trouble. The republican change their votes because their feeling were hurt because of what the House Speaker said.
They are very small people with small minds. Cong Bauchman should be ashamed of herself..

TAMMY   September 30th, 2008 9:41 pm ET

April this bailout is bigger than your brain dear go take a nap. small companies and reg folks get hurt if this bailout don"t happen i just lost 25,000 in my 401k as of yesterday how much have you lost.

Paul   September 30th, 2008 9:41 pm ET

Bush has Reid in his hip pocket. Bush says jump and you see the results!

Bob R   September 30th, 2008 9:41 pm ET

I wonder if Tina Fey can do an impersonation of Nancy Pelosi making her dump stupid statements causing a blow up in the Congress.....O ya don't think she'd probably be interested in that .....she'd probably agree with the timing of everything Pelosi did......JUST JOKING FOLKS .....YOU CAN ALL TAKE A JOKE RIGHT : ) So come on Tina Fey.....do your Nancy Pelosi impersonation .....we're waiting to see it ; )

Griff   September 30th, 2008 9:40 pm ET

M5r King? Where did you get your name? I listen to your show, about once a week! You can't hide your Bias towards Barack OMaba. Why try?? Your a "Black Smerican", a so called "African American". But you lose!!! You can not dictate even if your a "King"... Or a CNN Show.
You may have your own regular listeners, but you don't have me. I join in once a week, and you never change. A Black Man in Government, in the West is a Good Idea. But Barack Obama is not that Man, or Woman...

hammer   September 30th, 2008 9:39 pm ET

the taxpayer has said no deals. maybe they are feeling the heat from their sugar daddies to get the money to them now.
and they wonder why they are not trustec.

Grebo   September 30th, 2008 9:37 pm ET

I am hearing that this crisis has been caused by an inbalance of wealth.

I am wondering why ordinary tax payers are ponying up 700 bilion dollars to rescue the greed of large corporations, lead by CEOs already payed outrageous salaries.

Independent   September 30th, 2008 9:37 pm ET

Are they going to publish the bill ahead of time? Will this bill require financail institutions to reveal the true market value of the value-less paper they hold or will they be allowed to continue lying about their solvency? What about help for home owners?

republicans hate america   September 30th, 2008 9:37 pm ET

I will take Obamas empty suit any day before I take mcCains suit full of crap.

Paul   September 30th, 2008 9:36 pm ET

what part of no sell out do they not understand?

Democrat for John McCain   September 30th, 2008 9:36 pm ET

Obama is coming to DC to vote 'Present'. What a hypocrite. he has done nothing and he knows nothing. Sikcne when did he become an economist. He has no experience in politics and now he wants to talk about bailout. He has blinded Americans and media has been pro-Obama. Barack -Get lost.

McCain Lies Once Again   September 30th, 2008 9:36 pm ET

McCain is pathological liar. Once again his latest attack ad on Obama has been proven to be a total lie. I don't trust one word that comes out of McCain's mouth. He is another Bush clone who sees nothing wrong with lies, corruption, and deceit as long as it gets you what you want. Sorry. I expect much more out of the American Presidency.
McCain you need to retire and get rid of that moron you chose for a VP candidate. Americans are not stupid and are not going to vote for 72 year old senile, unfit man and his bimbo redneck beauty queen who is the most stupid and ridiculous choice ever made for a VP candidate. We know the Republicans will be slandering everyone in sight and trying to subvert the election process to try and steal the election. Sorry, but you have already lost. Your lies and Palin's incompetence has destroyed your campaign. You have no credibility left with the American people. Obama will win easily and we finally be rid of the Bush Republicans!

TexicoFrom Mexico   September 30th, 2008 9:35 pm ET

This bailout is needed, sad but true..and when the credit shuts down, and there is no more lending to business....then you lose your job and when you can't pay your bill you lose your house, but you cant sell you house because nobody can get a loan to buy it, and then you lose your credit and once your credit is shot you can't get a job, so then the best thing you can do is pull a gun out and shoot yourself........

see how it works people, its a domino effect and no bailout equals disaster.....

Tom in Delaware   September 30th, 2008 9:32 pm ET

Like Nancy Reagan said..."Just say NO!"

How many times times is Chicken Little going to announce that the sky is falling, before everybody realizes that it's all a bunch of hooey.

The market will correct itself in due time.

Don't let the people who are responsible for this mess stay another day in power...Chris Todd, and Barney Frank need to go to jail.

Evan Mellichampe   September 30th, 2008 9:32 pm ET

REAL leadership would be the abolition of the Federal Reserve System.

The Federal Reserve System is neither federal nor does it have any reserves. It is merely a privately held banking consortium that deliberately engineers bubbles and depressions by arbitrarily expanding and contracting its credit. It has devastated the public's purchasing power by steadily inflating its worthless fiat "notes." The cycles of economic chaos and national despair will continue until this private debt monopoly is banished.

Willy Brown   September 30th, 2008 9:32 pm ET

John Why are you going to help cover obama's b- hind? Let the democrats burn on this one.

Minority for Obama   September 30th, 2008 9:31 pm ET

Michelle Bachmann Republican Congresswomen from Minnesota -her recent comments on the bailout:
"Bachmann Blames President Clinton, ‘Blacks,’ And ‘Other Minorities’ For Current Financial Crisis"

CNN, how can you have such people on your show-racist and ignorant. Wake up people....these are the kinds of people McCain has in his team...arrogant, ignorant, racist....we need to stop these kind of comments from our leaders.

Obama 08

C in Texas   September 30th, 2008 9:29 pm ET

We will be in worse shape if this bail out goes through. Why are taxpayers responsible for the mistakes and greed that other people have? This will be a sad day for America and a worse nightmare for the next Pres. Let the stock market bottom out, now we're going to have to pay more taxes for these morons. Give us a report on who is losing their houses, this is what people get for living above their means and having too much credit that they can't control.

Angela   September 30th, 2008 9:29 pm ET

This is terrible- they are trying to side steps us – the taxpayers- . This bailout is wrong in the form it was presented on Sunday. Let's all jam up the Senate's phone and email servers like we did the House.

This is wrong and its also pathetic that the non e of these candidates have enough backbone to stand up and say no- get a bill that actually solves the proble m and hold those accountable that created the problem.

Evan Mellichampe   September 30th, 2008 9:28 pm ET

CDARS (Certificate of Deposit Account Registry Service®) is the most "convenient" way to take full advantage of the FDIC's insurance on deposits. With CDARS, you need only to sign one agreement with a participating local bank or other financial institution of your choice (from one of 2300 member banks), earn a single interest rate, and receive just one regular statement. Sit back and relax...

It's a loophole that makes it easy for wealthy depositors to keep FDIC-insured cash in separate accounts at multiple banks. It offers customers up to $50 million of FDIC insurance, 500 times the single-account limit approved by Congress.

Now they're suggesting that the FDIC insure $125 Million for a "single depositor?"

How did this get by the Bank Regulators in the first place???

nate   September 30th, 2008 9:26 pm ET

All over the web in the last cpl days the GOP haters of the country sound so bitter and frustrated, Theyre spewing rants about socialism and Rev Wright. Bloviating on Rezko and WIlliam Ayers. Theyre hoping against hope for that infamous 'whitey tape', and promising how 'we'll get what we deserve'. Actually they are right about that last one. We will indeed finally get what we and our children deserve when President Obama moves into 1600 Pennsylvania Ave.

Frankie   September 30th, 2008 9:23 pm ET

Not good enough! This is still 700+ billion of the peoples money! No...No...No!!! I want heads to roll from this debacle! Talk to Newt Gingrich! He is the smartest man in Politics today! Seek him out NOW!!

Dawn   September 30th, 2008 9:22 pm ET

Will Mc Cain suspend his campaign and postpone the most exciting debate of our life time?

Maggie   September 30th, 2008 9:21 pm ET

Why don't McCain bring Palin along to observe. Maybe she can answer the bailout question a bit better next time it's asked. Oh, I forgot, back to debate camp. Free Palin!

Anna   September 30th, 2008 9:20 pm ET

not to mention the fact that it was crafted by the White House cabinet staff!
One can only hope John McCain's heavily criticized trip to Washington last week did create enough of a DELAY to blow this deal.

Something needs to be done, but all options should be explored before we rush to judgment.

Of course, the two top guys for the big prize in November don't seem to have a clue one way or another!

peter esquilin   September 30th, 2008 9:19 pm ET

Personally I could care less about the bailout since our wonderful political and trustworthy President and Republican congress got us into this mess, I say let it crash and take our chances and our wonderful Maverick John McCain,why should we stick our necks for these greedy people with our tax money except I am hoping Senator Obama will be our next President and clean up Washington.

Anonymous   September 30th, 2008 9:19 pm ET

Thank God! Senate, that's for showing love for the country and the sense of maturity as adults running this country!

Griff   September 30th, 2008 9:18 pm ET

Mentallity? That means stop living in the past! I keep hearing about "ME"! Me, Me, Me. Mentally E? You decide what that means CNN. Exstreem? Mentally Extricate???

Lucky   September 30th, 2008 9:17 pm ET

C'mon they want the poor people to bail out the rich people and the rich people do not want to be accountable for what and how they spend.

Anna   September 30th, 2008 9:17 pm ET

they really should look at alternatives before they jump into 700 billion dollars spent in a day.
There are some very sophisticated and successful people who think this is a HUGE mistake.

Joe   September 30th, 2008 9:15 pm ET

NO ONE WANTS THIS!!!!!

How is this happening and why are they getting away with shoving it down our throats!?

Griff   September 30th, 2008 9:10 pm ET

It is so fantastic listening to CNN. In November! Most of CNN will dive for the nearest exit... CNN and their vision for Barack Obama, is a "Wild gamble", on their dreams.... Don't make tto big a wager!!! Because you will lose! Lose, Lose, Lose. In May this year I saw, where You dreamed.... My life has gone "Ten Fold"; in tha last Four Years. But then I'm Psychic.. CNN are Dreamers...

LONG   September 30th, 2008 9:08 pm ET

At last, Obama is returning to Washington as a lawmaker senator, or a public servant, acting on the problems during national crisis. He does not understand the priorities, while McCain has worked on the bailout issue before and right after the debate. McCain puts country first, and personal campaign or interest last.

Let   September 30th, 2008 9:07 pm ET

Where is Palin? McCain didn't 'allow' her to come out and make a decision on her own?

barbara miller   September 30th, 2008 9:06 pm ET

Country First – LA second!
Hmmm – do John and Cindy REALLY have to not show up at their big LA galla fundraiser???? Oh well, country first.

Steve from Vegas   September 30th, 2008 9:04 pm ET

Let's vote NO! on this one too...

olawuwu babatunde   September 30th, 2008 9:03 pm ET

well,i respect mcain for his experience and principle but obama is an extra ordinary man with great potentials and ability to earn america her lost glory.

LeMonton, currently in Dallas,TX   September 30th, 2008 9:03 pm ET

Expectations are so low for Palin that if she manages to pronounce her name right she'll be declared the victor of the debate.

JBP   September 30th, 2008 9:03 pm ET

What's McCain gonna pull this time?

mitch   September 30th, 2008 9:02 pm ET

good

Steve California   September 30th, 2008 9:02 pm ET

It's good to see all three of them are heading back for the vote. At this time, there presence is required. When McShame went back, it was only politics!

McShame: now he's using one of Obama's speech's out of context to say that Obama agrees with McCain about "the fundamentals of the economy being strong" and calling him a hypocrite. The only hypocrite here is McShame. Stop trying to mislead people with your spinning of the truth. I realize the truth is not going to win you the election, but neither is telling all your lies!

Does Obama Palin Comparison?   September 30th, 2008 9:01 pm ET

I think everyone knows somebody like Obama...You know, that guy at work who pretends to know everything and everyone, to pump up their sense of self-worth...

A real leader would be in the trenches throughout this economic crisis...Not standing on the sidelines, saying "you guys call me if you need me, OK?"

Republican for change   September 30th, 2008 9:00 pm ET

McCain talks about the importance of experience…he vetted Palin

McCain talks about making Wall Street accountable…he was an advocate of non-regulation

McCain talks about protecting blue collar jobs…he’s an advocate of unfair international trade deals

Open your 3rd eye. If you haven’t seen these inconsistencies by now you’re hopeless.

Brian loves Palin   September 30th, 2008 8:57 pm ET

Socialist democrats can't put the country first, they have to add a socialistic program that will cost the taxpayer evern more money than the $700 billion price tag of this bill so that we have to add mental health parity and all of the likely fraud that comes with it to this bill.

Wait till the great Socialist Barack Obama has power with the Congress and Senate majority and you can kiss our way of life goodbye and say hello to socialism government rules, regulation and taxes. They will tax the hell out of all of us.

God help us. We need people first and country first, not Socialism first.

McCain Pail and Hillary supporters 2008

Does Obama Palin Comparison?   September 30th, 2008 8:57 pm ET

Let me get this straight...McCain proposed legislation regulating Freddie and Fannie a couple of years ago. The Democratic majority pushed back on limitations on Democratic run Fred & Fan, and pressured them to allow their mid and low income constituents to purchase homes – with loans that they we're qualified to get.

It looks like socialistic liberals have really been the cause of this mess...

David   September 30th, 2008 8:57 pm ET

McCain the politician, is he really serious whren he talks of country FAST. How about that spin about Obama talking about the bail-out (or rescue plan) – linking it with his(McCain) fundamental statements. Enough is Enough. I am done with McCain. he cannot be trusted.

California Voter   September 30th, 2008 8:57 pm ET

Excuse me for asking, but what does a mental health parity plan have to do with a bailout bill?

Matt   September 30th, 2008 8:56 pm ET

Interesting. So what...now the Republicans will vote against it and Joe Lieberman, McCain's little lapdog, will save the day and Mc Cain will claim credit? I'll betcha $700B he does.

bill for barack   September 30th, 2008 8:55 pm ET

Will there be somebody there to read the bill to McSame and tell him what it means ?
By his own admission after all, he doesn't know anything about the economy.

Mark G   September 30th, 2008 8:55 pm ET

Obama is leading...others are following. Seems presidential to me.

Mr Republican   September 30th, 2008 8:53 pm ET

They better vote NO or I'm voting 3rd party

bigmike31313   September 30th, 2008 8:53 pm ET

I'm sure McSame will come back on his white horse and tell his friends to vote to continue deregulation (look below and read if you don't believe).
1. 1982: Garn-St. Germain Depository Institutions Act
2. 1987: Keating Five
3. 1999: Gramm-Leach-Bliley Act
4. 2000: Commodity Futures Modernization Act, which led to the rise of Credit Default Swaps
The common thread? John McCain was involved in all of them.
This mess goes clear back to the 1980s, folks. It flared up a few times, but has now become volcanic. It can no longer be ignored, hence our current situation

Michael   September 30th, 2008 8:52 pm ET

So now the Maverick wants Bush to steal money from a Treasury Fund to support the Bail Out of their Billionaire buddies. Country Club first.

Sally from Cali   September 30th, 2008 8:51 pm ET

Too many cooks spoil the broth.

Obama and Biden return in a timely manner for the vote instead of grandstanding and suspending their campaign. They called their suggestions in from the campaign trail instead of injecting themselves in an already heated debate.

Now Congress should start working on the Main Street Rescue Plan.

Pat Canada   September 30th, 2008 8:51 pm ET

I am wondering with all the static over the Mortgage Housing Crisis why didn't they put something in this Redrafted Bill for Home Owners?

And also wondering why since Obama is being accompanied by Joe is McCain not being accompanied by Sarah?

Maybe she has too much studying to do on the morning before the night of the debate? Unlike Biden. (to coin a phrase) I mean I've only been hearin about her for about a month now, and what I"ve been hearin from her, well, let's just say, it won't make good debate material for sure! And. no, I'm not being negative! I mean everybody's been hearin about Sarah's lack of experience and well, I'm just sayin it's true!

Emily   September 30th, 2008 8:50 pm ET

And Mr. McCain, please just stay there and never come back.

I can not stand his sexism over Palin. It is true that Palin has no clue, no knowledge, no education, but one thing she has is she is like us, average American. McCain has a huge estate, can not count his houses and cars, and he squashes Palin like his own property. No respect to his supposedly running mate.

He is exactly one of those who caused this problem in our economy.

MIKE GA.   September 30th, 2008 8:50 pm ET

Senator John McCain will be stretching the truth attacking Senator Barack Obama’s on Thursday. I’ve never been afraid of stepping in to solve problems for the American people, and I’m not going to stop now. YEA RIGHT!!!!!

jules   September 30th, 2008 8:49 pm ET

Ok, CNN, we'll try this again. I've left several comments today but for some reason you aren't posting them....is that because they are in favor of McCain????

Obamanuts need to know that McCain did warn the Dems two years ago that there were problems that needed to be addressed. There are actual videos of Barney and others saying that something that is working doesn't need to be fixed! Also, the Republicans asked to increase the Federal Deposit Insurance amount long before Obama came up with it today. Repubs wanted to increase it based on inflation from the date the $100,000 limit went into effect, which was about 1980. This would be about $250,000 now. Sorry to burst the Dems bubble but their fearless leader isn't so fearless. He doesn't have an original idea in his big head.

Fact Check: Did McCain warn about Fannie, Freddie 2 years ago?

The Statement: A television ad titled "Rein," released Tuesday, September 30 by Republican Sen. John McCain's presidential campaign, repeats a claim McCain has made repeatedly on the campaign trail — that he called for more oversight of lending institutions Fannie Mae and Freddie Mac. "John McCain fought to rein in Fannie and Freddie," the ad's narrators says, before citing media reports on McCain's efforts.
Get the facts!

The Facts: In May 2006, McCain was speaking on the Senate floor in support of the Federal Housing Enterprise Regulatory Act of 2005, a plan he had co-sponsored. In the speech, he cited a federal report, saying that "Fannie Mae employees deliberately and intentionally manipulated financial reports to hit earnings targets." He also noted a $3.8 million fine Freddie Mac had recently paid to the Federal Elections Commission over problems with disclosure of its political lobbying.
"These are entities that have demonstrated over and over again that they are deeply in need of reform," McCain said in the speech. He urged senators to support changing how the institutions were overseen by the government. "If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole," McCain said in the speech.
The legislation, which never became law, would have moved oversight of Fannie and Freddie from the department of Housing and Urban Development to an independent Federal Housing Enterprise Regulatory Agency.

Pam   September 30th, 2008 8:48 pm ET

Since they all went back to Washington, can Palin go back to Alaska? And never leave the state again?

April Garlow   September 30th, 2008 8:48 pm ET

This is a sleezy power grab by Paulson and Congress.We need real leadership now, not a group of whipping boys for the Banking industry. No Bailout is needed and the Senate is doing this deal in the dead of night, behind closed doors, because they know once the light is shined on it, the flaws will be apparent. This bill stinks, Paulson is still given free reign to do as he pleases with the taxpayers money, no limits as to who recieves it, how or when. It is hard for me to believe any of these people have an education or an ounce of common sense

NB   September 30th, 2008 8:45 pm ET

McCain comparing Palin to former presidents. Nice. What is coming next. May be comparison with Gandhi or Mother Theresa. Waiting for more McCain . You are keeping us laughing everyday with your jokes .

Independent White Woman   September 30th, 2008 8:45 pm ET

The Heck with Sarah......To John McCain remember saying Chelsea was ugly and Janet Reno was her Father ....You are Ugly and so is Rick Davis are you Rick's Father ?

don linder   September 30th, 2008 8:43 pm ET

Some senators and congressmen must have bought some very big houses that they knew they could resell at a large profit,and become multi-millionaires instead of just unimportant millionaires.For the good old days when politicans were able to ride the rail out of town,right after the tar and feathering.Vote NO for true americans.The average american is 10,000 in credit card debt.Betting on a hugh profit is just that,a bet.

Stop Electing Dumb People ‘08   September 30th, 2008 8:41 pm ET

I have a little more respect for all three now. This is the right thing to do.

Nancy, San Francisco   September 30th, 2008 8:41 pm ET

They are all part of the problem-McCain, Obama and Biden.

They've been there these past many years and ignored or were too stupid to understand the magnitude of what was coming.

Throw ALL incumbents out.

marianna   September 30th, 2008 8:39 pm ET

Both parties for big bailout on taxpayer expense !

... bill also includes a "Mental Health Parity" provision ..."

That's right – mental health seems to be a big issue here.

;-)

one person   September 30th, 2008 8:39 pm ET

WHY ARE THESE POLITICIANS HELL BENT ON GIVING INVESTMENT BUDDIES OUR TAX DOLLARS. WHY DOES THE SENATE VOTE ON SOMETHING THE PEOPLE DONT WANT. LIKE SUBSIDIES FOR OIL, MEDICARE DRUG PLANS FOR BIG PHARMA, TAX BREAKS FOR FOREIGN INVESTORS, AND OTHER GOVERNMENT GIVE AWAYS TO SAVE US FROM WHAT. THE EARTH DIDNT MELT, THE MARKETS REBOUNDED AND THE SKY IS STILL UP THERE. I DONT PRETEND TO KNOW EVERYTHING BUT I READ BEHIND A FEW WHO SHOULD. THE ECONOMIST FROM HARVARD I READ BEHIND SUGGESTED THAT BANKRUPTCY IS GOOD FOR THESE CLOWNS SO THAT AT LEAST WE END UP KNOWING WHAT THEIR JUNK CAPITAL IS REALLY WORTH. THE MASTER OF ECONOMIUC MATHEMATICS FROM STANFORD SUGGESTED PRETTY MUCH THE SAME. UNLESS THESE PEOPLE EXPERIENCE THE BOTTOM NO ONE IS SAFE FROM THEIR CRIMINAL SPECULATION AND MARKET MANIPULATION. WHO EXCEPT ELITISTS WOULD SAVE THESE ELITE CRIMINALS.

TheTruthHurts   September 30th, 2008 8:38 pm ET

What is this BS. That's ridiculous. If the House wants to vote NO they will and this badgering won't compare the badgering they're getting from VOTERS.

Swing vote   September 30th, 2008 8:38 pm ET

Obama is a joke, he has the look of the terrorist, scary and cannot be trusted. " It's just words,................................... it's just speeches;..........

The Lady   September 30th, 2008 8:38 pm ET

why is Palin not going? Oh that is right she has not made it that far up the ladder yet.

Amanda   September 30th, 2008 8:37 pm ET

Glad they're coming up with a deal that hopefully everyone can agree on.

Suzy   September 30th, 2008 8:37 pm ET

John McCain chose to do town hall meeting because he know no one is coming out to listen to his boring lies. He doesn't draw a crowd unless Palin is with him. It is easy to draw 20 people. I can draw 20 people. He got Palin at debate camp learning how to lie better. I feel sorry for her having to learn how to lie and go against her values? McCain should be ashame of himself using women like that. I have no respect for him.

marianna   September 30th, 2008 8:36 pm ET

Well, this is how it is

Sen. Obama "... doesn't seem to understand ... "

Sen McCain "... just doesn't get it ..."

How about Mr. Nader?

Or write in Hillary/Kucinich '08

What a mess !

Just Human   September 30th, 2008 8:35 pm ET

I thought it was Trillion, not billion?

Ridgeway   September 30th, 2008 8:34 pm ET

ACORN, ACORN. Barney Frank, Barak Obama, "Loan money to poor people. Housing for the human Pez Machines." Pelousy says, Bush administration is to blame.
You sorry liberal, welfare ridden, do nothing, looking for a handout, get a loan for nothing need to shut up.
Obama is a socialist and Frank plays for the other team. An John Kerry looks like a fugitive from a Bela Lugosi movie. He's got a face to scare children.

J.C.   September 30th, 2008 8:32 pm ET

I won't vote for McCain due to his support on this nonsense bailout.
I won't vote for Obama for his taking no position.
If I vote for Obama, I will be sorry for voting in a Dem president. We have enough Dem fools in Congress, who voted for this bailout. There will be no balance of power if a Dem president is elected.

I am totally disappointed by Pelosi, Reid and the White House.
The market proves that we can get rid of this financial sector of the economy without much pain. What we need is real productivity, not betting on air thin securities. To ask us to pay for it is inconceivable nonsense.

marianna   September 30th, 2008 8:32 pm ET

So, both parties are about to betray the taxpayers. It may be quite interesting election in November, if neither wins, but Nader wins.

jules   September 30th, 2008 8:28 pm ET

Yes, I know it is difficult for the Obamanuts to accept this fact but McCain actually warned the Dems about this financial crisis TWO YEARS AGO! Also, Obama's wonderful idea of increasing the Federal Deposit Insurance amount to $250,000 is not his original idea. Sorry "folks (word over-used by Obama), again, but the Republicans tried this too. They wanted to increase it based on inflation going back to 1980 when the $100,000 limit was set. So much for the great Obama. He can keep trying but hasn't had an original thought since, hmmm? EVER!

Fact Check: Did McCain warn about Fannie, Freddie 2 years ago?

The Statement: A television ad titled "Rein," released Tuesday, September 30 by Republican Sen. John McCain's presidential campaign, repeats a claim McCain has made repeatedly on the campaign trail — that he called for more oversight of lending institutions Fannie Mae and Freddie Mac. "John McCain fought to rein in Fannie and Freddie," the ad's narrators says, before citing media reports on McCain's efforts.
Get the facts!

The Facts: In May 2006, McCain was speaking on the Senate floor in support of the Federal Housing Enterprise Regulatory Act of 2005, a plan he had co-sponsored. In the speech, he cited a federal report, saying that "Fannie Mae employees deliberately and intentionally manipulated financial reports to hit earnings targets." He also noted a $3.8 million fine Freddie Mac had recently paid to the Federal Elections Commission over problems with disclosure of its political lobbying.
"These are entities that have demonstrated over and over again that they are deeply in need of reform," McCain said in the speech. He urged senators to support changing how the institutions were overseen by the government. "If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole," McCain said in the speech.
The legislation, which never became law, would have moved oversight of Fannie and Freddie from the department of Housing and Urban Development to an independent Federal Housing Enterprise Regulatory Agency.

LET IT FAIL   September 30th, 2008 8:28 pm ET

When the system resets, we're all equal. People must help strangers, neighbors will BBQ outside, TVs will be turned off. This is probably the best thing for humanity.

No Hillary = No Obama   September 30th, 2008 8:24 pm ET

Yea, yea, yea......that's how they will all vote. Bailout will fly, Obama will spin things to his advantage and McCain will stay the course.

Henry Miller, Cary, NC   September 30th, 2008 8:23 pm ET

This is no less a taxpayer ripoff than the house version. The only right answer is to let the irresponsible CEOs and corporations suffer the consequences of their own greed. If that involves bankruptcy, so be it. As far as I'm concerned, it ought to involve jails too.

Tejano   September 30th, 2008 8:20 pm ET

I would like to see a provision that allows the financial institutions that hold your mortgage to adjust the mortgage payment to no more than 25% of your income for at least the next 5 years, this will allow people facing foreclosure to rewrite their mortgages in accordance with their ability to pay. Also Bankruptcy Judges should have the authority to
adjust the mortgage to the value of the property at the time of filing for bankruptcy and also be able to discharge all credit card debt, a provison that was changed during the Clinton Administration.

SONGBIRD MCCAIN   September 30th, 2008 8:20 pm ET

Hey CNN –

You've got 8 articles with Obama basically about Obama.
You've got 5 for McCain and 5 for Palin
Guess how many for Biden?!?!

And most of the Obama ones paint him negatively, while the McCain/Palin articles seem to have been written by a GOP operative!

Stop tanking it for McCain!!

Jeff   September 30th, 2008 8:20 pm ET

I am writing to tell you that you MUST vote NO on the TARP bill in it'e present form! We can do much better. It is time for the will of the American people to be heard and we do not want this bill enacted!

pam from MI.   September 30th, 2008 8:18 pm ET

so raising the cap on the insurance really helps the little people right?

Griff   September 30th, 2008 8:17 pm ET

The USA keep talking about: "Poverty". They have no real idea what that word means. I do! Your "Hey-Day is over". You Gamble, and you lose... There is no "Cream", on the Cake! Unless you stop taking the Top-Off, long before it's had time to set...

voter   September 30th, 2008 8:16 pm ET

I am wondering what the revenue bill is. I hope it includes the economic stimulus plan to create jobs in building bridges and roads. I am surpised the senate will vote on the bill considering the house has not.

Estelle Shipp   September 30th, 2008 8:16 pm ET

STOP! VOTE NO BAIL OUT! WE HAVE SUFFERED ENOUGH–THIS PROLBEM JUST DID NOTPOP UP–ITS BEEN THERE AND YEP-YOU STILL DON'T WANT TO TAKE THE BIG$$$$$BONUSES FROM THE EXECUTIVES OF THESE COMPANY'S BULL STOPIT!!
LET THEM GET DOWN AND WORK HARD
NO BAIL OUT AND GOD BLESS YOU AND MOST OF ALL GOD BLESS AMERICAN PEOPLE! SUPPOSE TO BE TEH HOME OF THE FREE AND THE HOME OF THE BRAVE!

pam from MI.   September 30th, 2008 8:16 pm ET

I believe that this is all just a bunch of crap. I have notified my senator and representative that if they vote in favor of this bill I will most certainly not vote for them in november and for years to come. I am totally digusted by washington and feel that this all stems from greed.

No Hillary = No Obama   September 30th, 2008 8:16 pm ET

Money talks and Bush will soon walk. Start fresh, lessons learned and money lost. Obama played the blame game; McCain grandstands; Pelosi scolds; Barney Frank blusters and Pauslon – just show him the money. The whole thing is a reflection of the do-nothing, exclusive club that congress has become. Populated by millionaries, crooks, scoundrels and the untalented riding a gravy train. TERM LIMITS – out with the old, in with the new.

jeff   September 30th, 2008 8:14 pm ET

First off, look who are we trusting that there is actualy a financial crisis, how many bankers have steped up and said "we are in trouble" Remember these people swore there were WMD!!
This is a scam, and George Bush's last win if it happens, Stop this bailout totaly, do not beleive what these people are pushing, The stock market will survive, If a business cannot survive without a loan they are not a self sustaining business and probably do not deserve a loan and surely do not need to be in business, this is probably the reason we are here if we are truly in trouble?
All the politicians probably have bought into these savings and loans now at there lowest point, and when the american people bail them out and the stocks shoot back up, the become billionaires at the cost of the american people. They do not care if you vote them out the made it BIG!!!!

Paul   September 30th, 2008 8:14 pm ET

McCain has a small maritime border with insanity.

Shannon   September 30th, 2008 8:13 pm ET

Oh wow, is Obama going to rescue us! I am so sick of listening to both sides snipe and blame each other, but the Democrats have been the absolute worst. Every member of the house who rushed to get on camera and blame the other side needs to be voted right out of office.

Concerned Citizen   September 30th, 2008 8:11 pm ET

Senate needs to ensure that other options to curtail the credit mess are implemented, before burdening the American citizen with a $700 billion dollar tax. The free market will be able to bail itself out with a little bit of common sense regulations by the government.

The beatings will continue until morale improves   September 30th, 2008 8:09 pm ET

Boo... Hiss...

What part of "monumentally unpopular" do you dolts not understand?

Any representative who votes for this bailout should simultaneously purchase a plane ticket for their home district, because that's where the American voters will send them Nov. 4.

Simple Math:
Vote for Bailout = Pack your bags

Concerned Citizen   September 30th, 2008 8:09 pm ET

Senate needs to ensure that other options to curtail the credit mess are burdening the American citizens with a $700 billion dollar tax. The free market will be able to bail itself out with a little bit of common sense regulations by the government.

Lee in Ohio   September 30th, 2008 8:09 pm ET

Let's hope the Senate takes its' cue from the vote in the House.

TESAP;SAVANNAH, GA   September 30th, 2008 8:08 pm ET

THANK YOU................ FOR DOING OR ATTEMPTING TO DO WHAT OTHERS FAILED TO DO........

:)

maynard hopkins wi   September 30th, 2008 8:08 pm ET

no bail out please.... these banks and lending institutions got them selves into this mess now let them sink. the taxpayers should not bail them out and i hope that this next attempt fails also. This must run its couse and it will be better in the long run. If they are bailed out then they are above the law and what is to stop this from happpening again the governement I don't think so'

this is what happens when you have the same people in these political jobs for 30 + years vote them all out and then impose term limits on the ones that get back in

Chuck   September 30th, 2008 8:07 pm ET

Let's call it what it is: Bush's Great Taxpayer Ripoff

Rich in Seattle   September 30th, 2008 8:07 pm ET

Oh oh, is McCain gonna show up for this one and mess it all up as well?

McCain is a road to nowhere.

MikeH   September 30th, 2008 8:06 pm ET

What version? Something identical to what was rejected by the House? If so, it should be rejected. I heard today that there were going to be a number of changes made to the version voted down before being submitted for vote again including much more harsh provisions towards executives who mismanaged their financial institutions, including "disgorgement of funds" from said executives.

Diane   September 30th, 2008 8:06 pm ET

Rove tricks? McCain absentee ballots raise questions
By Diane Sweet 9/13/08 10:01 AM

I received my absentee ballot from John McCain just last week (see photo of the mailer) and although I called to verify that unsolicited ballots were legal, I’d never looked at an absentee ballot before in my life, so I had no idea of the problems being caused across the country by McCain’s absentee ballot forms. This is all looking very reminiscent of the Rovian tactics used during the 2000 and 2004 presidential elections.

Ohio:

-Juan   September 30th, 2008 8:05 pm ET

Do Not bail them out. Let them go Bankrupt! Find a way to get the money to the main stream to help them get back on their feet as well as help us. We can make it through this struggle. From ALABAMA.........

Joe Regis   September 30th, 2008 8:04 pm ET

I see another disaster in the making.

I think the bill should be shelved and let the market adjust itself. No socialism for the people with money. With the repubs, everything is upside down. If we need a bail out it is after a new president takes office.

Obama/Biden 08/12.

Luis Castillo   September 30th, 2008 8:04 pm ET

Find an alternative, Mark to Market, Increase FDIC and other regulartory resource which will accomplish the means to fix the credit freeze without jeoppardizing the taxpayer money. Someone, please inform Obama, he may not be aware of the alternative that is being offered by the democratic congress member that voted against the bailout bill. Please listen to opposing views before you vote!!

JJ   September 30th, 2008 8:03 pm ET

I thing this bills should fail, since the rich people will benefit out of it.

Shane from LB   September 30th, 2008 8:02 pm ET

Just say NO!

Let the greedy ones on Wall St. suffer!

McCain for Pres.   September 30th, 2008 8:01 pm ET

There were 2 democratic senators on Lou Dobbs tonight, that said they have a plan that could fix the problem without tax payer dollars. The Senate needs to listen to what they have to say.

KG   September 30th, 2008 7:58 pm ET

It's funny to me how the Dems like to point fingers at the Reps for this financial fiasco. But……maybe we should at least point a finger (you pick which one) at what really started this mess.

Question: Why are we in this mess? MORTGAGE-BACKED SECURITIES
Question: Who enabled mortgage-backed securities? Bill Clinton and the Democrats!

That's the reality of the situation. Now, did Bush's policies help? Heck no! Did the Dems during the last two years that they controlled Congress talk about this much before the events of the last few weeks? Heck no!

Bottom line, there's enough guilt on both sides. Anyone who blames the Reps only is full of it. Anyone who blames the Dems only is full of it.

The question we have to decide now is who do we help? Do we help Wall Street and the financials with a $700B bailout plan or do we help Joe & Jane American. For one thing, I don't think we have $700B to bailout anyone, but if we did, I'd like to see the bailout plan's primary focus be on one thing. Helping shore up mortgages for all the Joe & Jane Americans out there. I personally could care less about Wall Street and the financials who screwed this up. Let's ensure we help out Joe and Jane Main Street America first.

Robert Wooller Bradford England   September 30th, 2008 7:57 pm ET

I predict that the bill will fail again, and for good reason from the Democratic side. People shouldn't have to bail out huge corporations that have been greedy. Greedy fat cats on Wall St and in Washington should be held accountable over this. I don't support Republicans on this because it is only because it is slightly socialist they are voting against it. They are trying to cover their backsides for November. It is nothing more than cynical political ploys from them.

Obama-Biden 2008!!!

diddy   September 30th, 2008 7:55 pm ET

Make sure you vote early in your state. There willbe long lines on Nov 4th

Every Wilson   September 30th, 2008 7:54 pm ET

Barack Obama warned that John Mccain going to Washington would be interjecting presidential politics in to the bail out negotiations! He goes and he interjects partisan politics! This crisis has been covered up on purpose! Held to create a sense of urgency! Now, John Mccain wants to show leadership! He has been in Washingto for 26 years, and his leadership in deregulation and a free market without oversight is now fortelling. John Mccain suddenly wants to go to Washington D C, where he has been an deregulator for 20 yrs! He has a unique situation, his policies and lobbyist friends are responsible for this mess in the first place! He had an opportunity for over 20 years, to fight for regulation, oversight and less lobbyist influence in Washinton, but he chose to go with his republican party 90% of the time, which is a major reason for this debacle! This is just another political stunt by John Mccain to grab a spotlight! He and his party was for the Iraq War! Which has cost Americans taxpayers1 trillion dollars! He wants credit for a surge that is incomplete, but no credit for costing taxpayers 1 trillion dollars or for supporting going after Sadamm Hussein instead using the full might of our military, to go after Bin Laden!
His hindsight like the surge and stopping his campaign after the fact to fix his judgment errors in policy illuminates his inadequacies and ignorance! We need a proactive president who forsees major problems and have the wisdom to safeguard America's interest! We have seen this urgent demand for congress to move and the people of America to follow this president's judgement quickly without inspection, oversight and scrutiny! Remember the Iraq resolution to go to War, the Patriot Act that took away many civilian rights and violated the privacy of ordinary Americans! I do not TRUST THE REPUBLICANS AND GEORGE BUSH AND THAT INCLUDES JOHN MCCAIN! REMEMBER MCCAIN AND BUSH HAS BEEN SAYING THE FUNDAMENTALS OF THIS ECONOMY IS STRONG! I AM TIRED OF REPUBLICAN'S ONLY INTEREST IS IF BARACK OBAMA WILL ADMIT THE SURGE WORKED OR NOT! WELL, WHEN WILL THE REPUBLICANS ADMIT THEIR POLICY OF DEREGULATION, NO OVERSIGHT, TAXCUTS FOR WALL STREET AND COWBOY DIPLOMACY HAS NOT WORKED, THAT HAS COST TAXPAYERS. IRAQ WAR COST 7OO BILLION SO FAR, BAILOUT 700 BILLION, AIG 80 BILLION, 2.3 TRILLION IN SURPLUS DRIED UP, AND NOW UNDER THEIR WATCH OUR COUNTRY HAS A DEFICIT OF OVER 9 TRILLION DOLLARS IN EIGHT YEARS! JOHN MCCAIN APPROVED AND SIGNED HIS APPROVAL FOR THESE BILLS AND POLICY DECISIONS 95% OF THE TIME! SO THE WAY I SEE IT HE AND THE REPUBLICANS ARE RESONSIBLE FOR THIS FINANCIAL MESS ON WALL STREET AND MAIN STREET!

Griff   September 30th, 2008 7:52 pm ET

So? Until the average Joe, get more involved in their: "own lives". their own, "Investments". Would you just flush your savings, down the Toilet? But they do.. Then blame somebody else! There is no American Dream. Unless you "Wake Up"..

Sorry but...   September 30th, 2008 7:52 pm ET

I'm more interested in the debate. Not a fan of the bailout at all.

MarioB. from Berlin for OBAMA/BIDEN   September 30th, 2008 7:52 pm ET

Oops...well better sell your papers before Dow Jones sinks another 1000 points on Thu. After the Repugs again destroyed the plan and more than a trillion dollar...
They are idiots and I'm glad to see Obama gets sworn in the Office in around four months...

JD in NC   September 30th, 2008 7:49 pm ET

As long as I get my paycheck for the next few months, I'll be happy.

Amy in Mineapolis   September 30th, 2008 7:49 pm ET

See mcCain, Obama can fix things!!

JBP   September 30th, 2008 7:49 pm ET

idiots!!! Obama and McCain are both idiots for supporting this! They are not giving enough time for other ideas to come forward.

99% of the American people DO NOT WANT THIS BAILOUT!!!!

B   September 30th, 2008 7:48 pm ET

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

Chris from STL   September 30th, 2008 7:48 pm ET

Good.

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