Reaction To The Vote - MUST SEE TV

http://supportedthebailout.org has the blow-by-blow.

Bottom line: We won round one, but this is NOT OVER, and we MUST NOT LET THIS BILL PASS.

Yes, we need a bill. But not THIS bill, in any form.

Most importantly - Bernanke proved IT WON'T WORK today. See inside - then pass this around - this must get WIDE viewing.

Category:

News & Politics

Tags:

• commentary
• analysis
• grassroots
• outreach
• news

[SingleTax]

I'd be very interested to know what Karl thinks of the monetary reforms proposed at web sites such as:

webofdebt "dot" com

monetary "dot" org

wealthmoney "dot" org

[kdenninger]

There are all sorts of problems with essentially all of those proposals. Some day I'll take the hour or more it will take to go through most of that stuff.... but it'll have to go on Google, as you can't run long videos on Youtube.

[astorey08]

This is moronic. The money released by the Fed is NOTHING like the bailout money in the form of distribution and liquidity. Karl knows this, but he would never admit it. Americans lost $1.2 trillion dollars yesterday. Sure, some of these dollars were lost by the wealthy, but if your 401(k) had a good day yesterday, you lost 5% of your nest egg. 1.2T or 700B? The tax revenues on the lost money would cover the bailout, which is an investment, not being "flushed down the toilet."

[kdenninger]

How's that 401k doing today?

You did notice that it recovered all of the overreaction from the vote, right?

Oh, thank Chris Cox for the selloff. Banning shorts increases volatility. Proof? Look at China, which now is going to PERMIT shorting because they're tired of the 6-7% down days when the bid disappears - as it did yesterday.

40% of the loss yesterday was prior to the vote. In fact, the market had trended down by ~8% from the time Paulson played "Freddie Krueger."

[kurtilein3]

i dont like the appeal to emotion at the end of the video. the child on the photo is obviously not old enough to understand the situation. children at that age believe almost everything you tell them, even if i agree with this particular message, i dont like the style of it because ive seen children like that holding signs that read ``god hates fags´´ and ``abortion = murder´´ and ``behead those who insult islam´´.

hiding behind your child like this is a logical fallacy.

[kdenninger]

That's not my kid; its a friend's son. And by the way, he has a genius-level IQ, and knows more about this than 95% of Congress. I know him. He did that on his own - no involvement by anyone else - and desired to be included.

My daughter could care less like 90% of the population - unfortunately.

[bloodstone1445]

WTF!! The federal reserve is worth 27.5 TRILLION dollars and, guess what, its a privately owned ogranisation, meaning that your TAX dollars are going into the pockets of individuals and not the wellbeing of society. To think for 500 billion dollars America could have an A class public health care system, you know this smells of corruption.

[callieland]

i'm no economist but it seems to me that when a business is irresponsible and fails as a result, they should go into bankruptcy. i'm fairly sure the politicians and nabkers wont rush to help me when i need it...oh yeah, thats right, i already needed it. that ship has sailed.

[bertly71]

This government spending will only slow down our recovery. Our credit rating is sinking faster than a heavy rock in water.

[Abnermoon]

All people in all nations face the same internal and external threat. The agents of the fed and the agents of our governments that conspire to put all citizens under their RULE! NOT a slavery of chains but that of a SATANIC currency. From a group that exerts their AUTHORITY over all nations, and they laugh as we fight each other, not recognizing that this group was behind it the whole time. This has been the grandiose scheme since before Christ. The people worldwide have suffered at their game.

[bloodstone1445]

Instead of handing the peoples money to the banks (privately owned) rebate the money back to the people so they can pay of their bank debts, therefor strengthening the economy, lowering inflation and resolving the crisis.

ITS NOT THE BANKS MONEY - ITS THE PEOPLES MONEY

[brengale]

yeah and neither will this one!

[brengale]

yeah and they are quite happy too!

[raspberrygloves21]

good vid.

[Lucky7wins]

It doesn't matter how they vote the first time. it matter how they vote all the time. Actually voting against the bill and then for it makes the congressman look like a flip flopper which can hurt the congressperson come elections. Good point though.

[Aliof]

I think Republicans pulled another dirty trick. They agreed to the deal and backed down the last minute to get on the right side of the unhappy voters while they had the Democrats holding the bag. They will go back and they vote yes on this bill. They just wanted some political charg, to show they are on the side of tax payers.