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Senate Passes Bailout

Senate Passes Bailout, Protesters Visit Candidates' Offices

Spread out across the floor in John McCain's Senate office, Code Pink protesters chanted, "Bailout over my dead body," yesterday. Along with a plethora of cameras, the protesters then made their way over to Barack Obama's office. The group is among those Americans who oppose a Wall Street bailout. Their efforts didn't work, since both John McCain and Barack Obama supported the bill.

Picking up on the unpopularity, Capitol Hill ditched the term "bailout," instead calling it a rescue. The better marketing obviously helped, as the bill made it through the Senate. The final bill evolved from 3 pages as proposed by Bush, to 102 pages that failed in the House, to over 450 pages. Both Democratic and Republican leaders have faith that it will pass the House on Friday.


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To see more pictures of the protest,

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hithatsmybike hithatsmybike 8 years
I wonder if/how much this will effect Canada since we rely so much on the US as a trading partner and for tourism and so much else.. we're ALL fucked now! ACK!!
Great-Sommelier Great-Sommelier 8 years
Ginger, that, unfortunately is the case with tons of advocacy groups.
Frank-y-Ava Frank-y-Ava 8 years
I didn't mind McCain "rushing" back to Washington but when he said he wasn't going to air any political ads, it looked like a stunt.
popgoestheworld popgoestheworld 8 years
As for what they're calling it now, someone had fun with the thesaurus last night. Why did they pass over "salvation"? That has a nice ring to it. Anyway, in re: to credit, it's not like there's no money left in the world. People with assets will go bargain shopping. But the banks right now aren't selling because if they can just hold out a little longer the gov't will pay a higher price than it should.
popgoestheworld popgoestheworld 8 years
"If you like stunt men -- McCain is your guy" How can you roll your eyes at someone for a comment about Obama and then say that about McCain? Sorry but that struck me as odd.
Ginger Ginger 8 years
I wish Code Pink would spend more energy on trying to effect change than pulling stunts that bring negative media attention and change nothing. They cost the cash-strapped city of Berkeley hundreds of thousands of dollars in extra police-time to cover their protests outside a Marine recruiting office, which is still operating even though Code Pink is rarely there anymore. They even alienate people who might otherwise agree with their position.
dreamsugar dreamsugar 8 years
If you like stunt men -- McCain is your guy :P
dreamsugar dreamsugar 8 years
McCain's whole campaign since Palin has been one political stunt after the other and he FAILED to get Repubs on board by the (fake) suspension of his campaign for the first bill. :oy:
mydiadem mydiadem 8 years
I thought Obama was very clearly for this legislation (from his meeting with GWB last Friday to his press conferences) and McCain was the one that didn't want to answer either for or against until he got more specifics or something. Not sure what McCain got out of the whole 'suspending campaign' thing.
LiLRuck44 LiLRuck44 8 years
Jillness we are all well aware that the problem we are in effects the credit of the economy. I think that's what the media would like everyone to focus on, because then the answer is easy "just do something! Anything that will help right now!" (And the car dealerships technically do spend beyond their means, because the cars on their lots aren't paid for, they're bought on loan, to be paid back when the vehicle is sold.) I'm excited to see people out protesting.
jenintx jenintx 8 years
i would say that the 'call me if you need me' approach worked a lot better than mccain's standing over their shoulders...since he "suspended" his campaign and all just to help handle the situation. Other congressmen said his presence didn't help things; it hurt.
dreamsugar dreamsugar 8 years
:oy: typical repub comment
NurseDeAnna NurseDeAnna 8 years
Well I'm glad Obama finally made a decision. "Call me if you need me" wasn't really effective.
Roarman Roarman 8 years
Maybe I am understanding this all wrong, but I just don't see how this is going to solve anything. We are relying on a financial institution that has already completely failed us to make good investment decisions and pay back this bail out money? Yeah, right. And where is this money coming from? Oh yeah, us the taxpayers. The people who have lost so much already because of this nightmare. A lot of this plummeting of the stock markets is due to panic. That huge drop the other day, which percentage wise was not that big, was from panic. I don't know what the answer is, but this one doesn't sit well with me.
Jillness Jillness 8 years
"the only people who suffer from this are the ones who did pay their bills and didn't buy the things they want, because they knew they couldn't afford it." WHAT???? Are you kidding? STATES are having massive difficulty right now. Missouri, for example, can't get credit to function. That could effect all sorts of services that impact regular Americans on a daily basis (state troopers, etc.). This is impacting the CREDIT market, which businesses large and small use on a daily basis to make payroll, etc. Credit allows business to function. Car dealerships, for example, can't get the credit to buy new inventory, and their customers can't get credit to buy a new car. The car dealer didn't spend beyond his means, but now their business can not operate. It affects so many businesses, and what happens is people get laid off.
UnDave35 UnDave35 8 years
Actually, the only people who suffer from this are the ones who did pay their bills and didn't buy the things they want, because they knew they couldn't afford it. I'm thinking about going on a major spending spree, because, the government will bail me out eventually.
mydiadem mydiadem 8 years
whoa...earrings
said8me said8me 8 years
I'm not very happy about this at all. How will people learn from their mistakes and not allow it to happen again if we just chuck some money at them to make the issue go away!? So who suffers from this? Not only the big wigs, and the people who can't afford their loans... but the people that actually DO pay their bills every month as well. *grumble*
Roarman Roarman 8 years
It sounds pretty shi%*y to me either way you phrase it.
Punk-Glam-Queen Punk-Glam-Queen 8 years
Spin doctoring at its best. And Michelin, its very unfortunate but we *do* know the answer to your question.
Michelann Michelann 8 years
"Picking up on the unpopularity, Capitol Hill ditched the term "bailout," instead calling it a rescue" This is so typical. Citizens don't like something government wants to do, so they complain, and the government changes the name. Are people really so stupid that a simple change in the phrasing can appease them? How frustrating.
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