The Warring States of NPF

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-   -   Bailout 3 (http://www.nuklearforums.com/showthread.php?t=31649)

bluestarultor 10-02-2008 01:40 PM

Quote:

Originally Posted by 01d55 (Post 846170)
DID YOU KNOW? Technically, appropriations bills cannot originate in the Senate. The bill that just passed originally had nothing to do with the Bailout - in fact, it passed the house in 2002.

AND NOW YOU KNOW.

PS. It's totally Hank Paulson's fault.

That actually was bothering me, but now it makes sense. However, because of all the additions, it will now have to be passed back to the House for re-approval. Any changes made in the House, should it pass, will subsequently have to passed back to the Senate for THEIR re-approval, and so on and so forth until the Senate approves of the bill without any additional changes. The House gets to start the motion on any topic dealing with money, but the Senate needs to give final approval on the finished product.

Mirai Gen 10-02-2008 01:42 PM

Has it actually passed yet, or when is it going up for approval?

Zilla 10-02-2008 01:57 PM

Seems like it passed Senate last night.

Solid Snake 10-02-2008 01:58 PM

Quote:

Originally Posted by Mad Jack the Pirate (Post 846205)
jesus christ. this has gone beyond the point of an e-mail campaign, someone needs to organize a fucking protest march. 450 fucking pages of pork? burn it down and fire every single one of the motherfuckers in congress right the fuck now, this kind of shit cannot be tolerated.

Sometimes I wonder what it'd be like if Ron Paul actually (somehow) won the Republican nomination. Given this particular bailout issue one could feasibly imagine him having a field day against Obama. I'm honestly surprised we haven't heard more from him in recent days, he must be angry about this.

Jagos 10-02-2008 06:41 PM

and Russia claims victory for our government's mistake...

http://www.iht.com/articles/2008/10/...ope/russia.php

TheSpacePope 10-02-2008 07:02 PM

It passed last night as a rider on a bill that gives expanded health care for the mentally ill, thus giving you the 450 pages. Not all of it is pork, the only bit of it that was was the business tax breaks, which in turn makes it harder to pay the bailout back.

Mesden 10-03-2008 12:28 PM

I like how our debt ceiling has now officially doubled over the last 8 years.

There are particular reasons why this bill should be passed, but I'd honestly wish they'd just recapitalize the banking system instead of throwing money at Wall Street and leaving them to their business. It already seems a bit late, considering the already in progress credit crunch.

It's also dubiously ridiculous the way congress played 700 Billion Dollar football with this bill, attaching it to all the fluff and nonsense they could to swing stubborn ass reps.

Mirai Gen 10-03-2008 01:33 PM

Just passed 100% this morning, I believe. I almost got excited that it would fail, but as the democrats said they basically had a gun to their heads.

Dregnarg 10-03-2008 03:09 PM

Wow, just keeps getting worse and worse. On top of the major economics issues, major insurance companies have taken a huge hit in stock value because people panicked over Sen. Harry Reid making a boneheaded statement before the senate passed the bill. Is there some way we can replace all our legislators with cats and dogs? They'd be so much more effective at running this country.

01d55 10-03-2008 04:55 PM

Quote:

Originally Posted by Mirai Gen (Post 846658)
Just passed 100% this morning, I believe. I almost got excited that it would fail, but as the democrats said they basically had a gun to their heads.

What gun? The only metaphorical gun on anyone that I can see is the massive public outcry against the bailout. All the claims that anyone would pay a political price for blocking it are wishful thinking on the part of pro-bailout pundits.


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