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US House Limits Constituent Emails
Plechazunga passes along this note from The Hill: "The House is limiting e-mails from the public to prevent its websites from crashing due to the enormous amount of mail being submitted on the financial bailout bill. As a result, some constituents may get a 'try back at a later time' response if they use the House website to e-mail their lawmakers about the bill defeated in the House on Monday in a 205-228 vote."
THAN you have, this week. THAN. Comparing A to B means you use an A. THAN.
I'm feeling like a democrat - as I usually have. I dunno. I don't think I'm all that proud of either party. But I'm pleased that it didn't pass, too.
(too, as in also. see - two o's because there is more than one. THAN one. GUH)
Yeah, yeah. -1, troll, offtopic, uptight, etc.
Eh. The stock crash happened because of a bunch of non-rich investors freaking out (and today's bounce happened because a bunch of rich investors jumped on bargain priced stocks). Financial hard times generally aren't all that bad for the rich: they're rich.
Saying the bailout is specifically a bailout for rich people is just false; some rich people will benefit, but by and large the rest of the economy will benefit more. Banks are being forced to horde their liquidity, and they're unable to raise more capital because their stock prices are hugely devalued. This has a dramatic effect on the entire economy (pause for Libertarian whinging), and should be averted.
By promising a large chunk of change, and helping the banks keep their credit lines open, business as usual can continue, loans can be made, business can be done, and the market will calm down.
As the market calms down, companies will again be able to raise capital by selling stock, and thus they'll be able to pay their debts (and employees); fewer people will lose their jobs, and not losing their jobs, won't lose their houses either, so the "bad" mortgages bought by the gov't will probably end up breaking even as a worst case, and even if they don't the gov't'll make more revenue off a running economy than off a tanking economy, and it'll all even out.
ad logicam Claiming a proposition is false because it was presented as the conclusion of a fallacious argument.
Just because people don't want to spend 700bil doesn't mean they don't want something to be done: all the polls say that the economy is by far and away the big issue right now.
It's human nature, unfortunately, to want the problem to go away without costing anyone anything.
ad logicam Claiming a proposition is false because it was presented as the conclusion of a fallacious argument.
Some Wall Street Bailout Humor
Treasury Secretary Henry "Hank" Paulson Explains the Wall Street Bailout to the Average American
http://www.jmcgowan.com/Hank.pdf
Federal Reserve Chairman Ben Bernanke Explains the Wall Street Bailout to the Average American
http://www.jmcgowan.com/Ben.pdf
The Pompous Conservative Explains the Wall Street Bailout to the Average American
http://www.jmcgowan.com/pompous.pdf
The Concerned Liberal Senator Explains the Wall Street Bailout to the Average American
http://www.jmcgowan.com/concerned.pdf
Super Trader Chauncey Wigginbotham IV Explains the Wall Street Bailout to the Average American
http://www.jmcgowan.com/chauncey.pdf
The Conservative Planning Meeting on the Wall Street Bailout
http://www.jmcgowan.com/conservative.pdf
John