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2008-09-29 Home Front Economy

US Congress reaches tentative bailout deal

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Posted by Fred 2008-09-29 00:00|| || Front Page|| [2 views ] Top

#1 Whatever your position on the 'bailout', the events these past two week pretty much kills any practical approach to 'privatization' of even a part of Social Security. In the end the government has failed to demonstrate the restraint in bailing out bad decisions. Allowing people to take part of SS and placing it into the market only will result in the government being panicked into insuring results with even more intervention into the market. So the demographic time bomb will remain ticking for another decade or so awaiting its own crisis that will dwarf this one.

Posted by Procopius2k 2008-09-29 08:29|| 2008-09-29 08:29|| Front Page Top

#2 There is many a slip between the cup and the lip. Republicans will mind the instructions and strong pleas of their constituents and vote NO.

Posted by Besoeker 2008-09-29 08:40|| 2008-09-29 08:40|| Front Page Top

#3 It may be a done deal unless some of the donks get fiscally conservative and move away from taking this country into socialism all of a sudden.

There don't seem to be other plans entertained or if they were, they were dismissed for political power and potential votes. However,I do hear a large number of people, both donks and trunks calling into CSPAN and mad as hell.

I saw an interesting letter and plan posted at Rep. Virginia Foxx website that was put forth by the CEO of BB & T, John Allison. I don't think we have had an adequate transparency on the bailout or debate. There ought to be criminal investigations and going on at the same time.

Posted by JohnQC 2008-09-29 10:49|| 2008-09-29 10:49|| Front Page Top

#4 BAILOUT DEAL IS DOA.

Posted by JohnQC 2008-09-29 14:26|| 2008-09-29 14:26|| Front Page Top

#5 frannie/freddie have been subpeonade (sp?) today.

Posted by Broadhead6 2008-09-29 14:28|| 2008-09-29 14:28|| Front Page Top

#6 subpoena, Broadhead6? By whom, about what?

Posted by trailing wife">trailing wife 2008-09-29 14:47|| 2008-09-29 14:47|| Front Page Top

#7 It's interesting that Speaker of the House Pelosi and Treasury Secretary Paulson keep trying to stampede those who reject the plan. They've repeatedly announced a done deal when it was still in the the early stages of discussion... the first time before the House Republicans had even been briefed on the situation, let alone the details of the proposed bill.

Posted by trailing wife">trailing wife 2008-09-29 14:50|| 2008-09-29 14:50|| Front Page Top

#8 I've always walked away from deals where somebody is saying: "You have to buy today. This deal won't be offered tomorrow."

Posted by JohnQC 2008-09-29 20:35|| 2008-09-29 20:35|| Front Page Top

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