Do you think Dems will cave on this bailout because of this election?

[babylonsister]

I thought Dodd sounded strong tonight, as did Tweety on Maddow surprisingly.

But then there's that pre-election time out Congress is supposed to have to work on campaigns.

I do hope they realize what's important.

And yes, I know, it's all important, but what are Americans watching, local or national elections? Or both?

[Drunken Irishman]

1. Dems in right-leaning districts will.

[AZBlue]

2. I don't think so because so many voters on both sides of the aisle are against it.

[TygrBright]

3. No. Dems (SOME Dems) will cave because big money is talking loudly in their ears.

Too loudly for them to hear the angry mob at their gates.

We have a lot of housecleaning to do.

determinedly,
Bright

[babylonsister]

8. Bummer. I was hoping the truer spirits without greed might prevail.

Silly me.

[quakerboy]

4. Probably.

Its been the MO so far. It is awfully hard to win anything when the leadership wants to play the other guys game.

[NYC_SKP]

5. Not very likely, IMHO

This deal is under a microscope, in the media, and I think they know that.

[slinkerwink]

6. they won't go with the Bush bailout plan, but with their own bailout plan

[babylonsister]

7. That's what I think, or maybe half measures. nt

[Mojorabbit]

9. They have to pass the plan

I think it is a hail mary though. I don't think it will work. China tonight cut off our funding.
From Marketwatch

China asks local lenders not to lend to U.S. banks:report
By V. Phani Kumar
Last update: 10:28 p.m. EDT Sept. 24, 2008
Comments: 63
HONG KONG (MarketWatch) -- Chinese regulators have asked domestic banks to stop lending to U.S. financial institutions in the interbank money markets to prevent possible losses during the financial crisis, the South China Morning Post reported Thursday. The China Banking Regulatory Commission's ban on interbank lending of all currencies applied to U.S. banks, but not to lenders from other countries, the report added, citing a source. End of Story


Russia is having to shore up it's banks. There was a run on a Hong Kong bank last night and tonight Washington Mutual was downgraded to junk status. I hope they wring a ton of concessions when they do pass it. Then the dollar will drop and prices will rise.

[babylonsister]

12. We're having problems, so is Russia, so are many

places. I read about China. So what's the option of just stopping-everything? Like money going to causes Americans don't want and being redirected elsewhere, like America?
Retorial, I know, but it's a question that I would love to be answered.

[Mojorabbit]

17. I have no idea

what needs to be done to fix it. I only understand a little of it. I do know that confidence is paramount in the markets and also between banks re solvency. If that goes then panic ensues. I don't even think it matters when it comes to the market if the confidence is warranted or not. I just don't know.

[snake in the grass]

18. Arrest those responsible,

confiscate their assets and return them to the people, put them on trial and make public all of their crimes, then transfer them to a facility for medical experiments.

[WillYourVoteBCounted]

10. It is at least as impt as voting FOR the Iraq war

and we need to do it quick! OMG NOW NOW NOW NOW NOW!!!!!

NO TIME TO THINK!!!!!

[2Design]

11. if they vote for it they will be voted out of office no matter how

much pork they wrap it in - this is the wrong time and the wrong place - this admin can not be trusted with any more funds - stop

[babylonsister]

13. I hope you're right, but I'm not so sure of that, as usual. nt

[spag68]

14. China

The only and last thing we have going for us as a country, is that we grow more food then anyone else in the world. If we don't get with it on renewable energy soon, even that will be gone. It is as important as winning the election, that Obama moves us to the energy future and in a big hurry.

[babylonsister]

16. Good post, and something we don't think about often enough. Thanks.

China is now dissing us; makes me wonder if that too was planned.

Renewable energy sounds great, and I agree.

[TheKentuckian]

15. Don't worry. The Bush Syndicate probably has a nice line of credit

the Bin Laden's and the rest of our "friends" in Saudi Arabia. If we're lucky they might lock us into a purchasing schedule for their oil in return that prevents us from exploring renewable energy for quite some time.

[SeattleGirl]

19. So far, they seem to be holding the line, in terms of not completely

giving in to McBush's demands.

But given their track record, I'm not holding my breath until they all come out and do what they're going to do.