09-29-2008, 01:21 PM
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A bit of a bad scene in the House. The bailout/rescue plan was voted down by 228 to 205 votes. Not one of Congress' better days.
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Eudaimonia
Last edited by jseal : 09-29-2008 at 02:07 PM.
Reason: updated vote count
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09-29-2008, 04:07 PM
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Pixie's Resident Reptile
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Join Date: Jul 2002
Location: Central MD, USA
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This has gotten beyond ugly
http://news.yahoo.com/s/ap/financia...P5YjBVeGs0N UE
summary: the US House of Representatives, by a vote of 228-205, has rejected the $700bn bailout bill.
The Down Jones industrial average immediately reacted by 777 points, the absolute worst one-day drop, in terms of points. It is worth noting however, that in terms of percentage, it is not worst than either the crash in October, 1987, or in October, 1929.
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09-29-2008, 04:25 PM
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In a system based on confidence, this is a catastrophy.
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Calm, quiet, smooth, devastating
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09-29-2008, 08:12 PM
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1 of 8,029,150,258
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Join Date: Sep 2001
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The system based on confidence has left us confident that for the last decade, the manipulators of the money somebody else made, will stuff their pockets to bursting with it, then try to replace it through their buddies with the key to the tax coffers.
I'm confident they will get it too.
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PANTIES
the best thing next to cuchie
"If God didn't want you to play with it, He would have put it between your shoulder blades,..... not at the end of your arm"
Except for speculation, we ONLY have NOW and EACHOTHER!
real world of cyber people ~ Pixies ~ real people of the cyber world
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09-29-2008, 08:38 PM
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is not this trim anymore!
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Join Date: Apr 2003
Location: New England
Posts: 21,709
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I understand the need to cut costs and make sacrifices so I'd like to offer to provide my own paint stirs for Lilith's dungeon of homemade sex toys and bdsm devices.
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Though I am different from you,
We were born involved in one another.
For it was not into my ear you whispered, but into my heart. It was not my lips you kissed, but my soul.
Complete surrender should not just come at moments in which one faces overwhelming odds, but in the calm when it seems one is personally in complete control of one's life.
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09-29-2008, 08:40 PM
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A generous soul!
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Eudaimonia
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09-30-2008, 09:01 PM
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1 of 8,029,150,258
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I believe the fair thing would be for Halliburton and the Six Sisters to float a quick $trillion$ to keep all the peasants doing their bidding.
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PANTIES
the best thing next to cuchie
"If God didn't want you to play with it, He would have put it between your shoulder blades,..... not at the end of your arm"
Except for speculation, we ONLY have NOW and EACHOTHER!
real world of cyber people ~ Pixies ~ real people of the cyber world
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10-01-2008, 04:37 AM
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On a practical note, the Senate has the opportunity today to move the rescue/bailout package forward. Let us hope that at least there we will find enough bipartisan leadership.
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Eudaimonia
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10-01-2008, 04:41 AM
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Just me.
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Join Date: May 2002
Location: West central Illinois
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10-01-2008, 08:11 AM
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1 of 8,029,150,258
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That ^^^ sure makes me want my government to give money they don't have to the people who's greed screwed this up. I can't wait for them to keep the price of my gas going up.
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PANTIES
the best thing next to cuchie
"If God didn't want you to play with it, He would have put it between your shoulder blades,..... not at the end of your arm"
Except for speculation, we ONLY have NOW and EACHOTHER!
real world of cyber people ~ Pixies ~ real people of the cyber world
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10-01-2008, 11:11 AM
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Yankee in Dixie
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Join Date: Jun 2008
Location: Tennessee
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Gas around here is going down. It dropped two cents in one day. Granted it's not as fast as it went up, but it's something. However I love the "we deserve it dividend idea". I sure could use that much money and I know just about everyone else could as well.
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"BOY: On a hot summer night, would you offer your throat to the wolf with the red roses? GIRL: Will he offer me his mouth? BOY: Yes. GIRL: Will he offer me his teeth? BOY: Yes. GIRL: Will he offer me his jaws? BOY: Yes. GIRL: Will he offer me his hunger? BOY: Yes. GIRL: Again, will he offer me his hunger? BOY: Yes! GIRL: Yes. BOY: On a hot summer night, would you offer your throat to the wolf with the red roses? GIRL: Yes. BOY: I bet you say that to all the boys!" -Meatloaf
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10-01-2008, 11:17 AM
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Just me.
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Our gasoline prices have dropped to ($3.46 is the lowest I've seen), but oil per barrel climbed $4.00 according to the news this morning. I'm surprised that gasoline didn't jump. Usually it goes up when they hear a camel stubbed it's toe.
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10-01-2008, 02:39 PM
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dicksbro,
It is interesting to watch the various markets change and twitch as a spending bill this large moves through the Congress.
I also noticed the fall in the DJI as well as the oil price when the bailout legislation (now being referred to as crisis legislation) failed to pass in the House. Now that a revised draft of the legislation is scheduled to be voted on in the kindlier Senate, where passage is more likely, both the DJI and oil prices have ticked up a bit.
Just goes to show how carefully government market interventions must be to avoid inadvertently creating new problems when correcting old ones.
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Eudaimonia
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10-01-2008, 04:15 PM
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Pixie since 9/3/2001
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the markets ended up with little or no change today and oil is down about $2.00 a barrel, they are waiting and watching.
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10-01-2008, 06:41 PM
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Yankee in Dixie
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Join Date: Jun 2008
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It did this with the last bail out proposal. The market was stable and then when it didn't clear it plummeted.
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"BOY: On a hot summer night, would you offer your throat to the wolf with the red roses? GIRL: Will he offer me his mouth? BOY: Yes. GIRL: Will he offer me his teeth? BOY: Yes. GIRL: Will he offer me his jaws? BOY: Yes. GIRL: Will he offer me his hunger? BOY: Yes. GIRL: Again, will he offer me his hunger? BOY: Yes! GIRL: Yes. BOY: On a hot summer night, would you offer your throat to the wolf with the red roses? GIRL: Yes. BOY: I bet you say that to all the boys!" -Meatloaf
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