Congratulations, taxpayers, you are not going to be screwed today.
The House voted down the taxpayer-reaming bailout bill, 228-205. So, it was a bipartisan effort to KILL KILL KILL KIL THE BILL, which we've been hoping for around these parts.
(Flaming skull courtesy of Ace. I'm so happy I could do a jig.)I didn't really feel like shelling out the 10,000-15,000 the bill would have cost the average taxpayer.
Did you?
We're not out of the woods yet, but this is an extremely heartening start.
Thank you, Sen. McCain, for coming back to Washington to kill this monstrosity. This had better become a series of ads, and FAST.
And so you know, yes, the DJIA dropped 400 points right after the vote was announced, but has made up almost 200 of those points already. Eventually, the floor might be about 9000 - we are so overdue for a 20% bear market and that would put us in the mid-9000's.
THAT IS NOT THE SAME AS 1929 OR 1987.
Also, before you flame: Yes, we got a mortgage during the last few years. No, it was not subprime. Yes, we worked our asses off for a few years to become eligible for a halfway decent loan. No, we did not go for a gimmicky ARM, interest-only, or neg-ARM loan. We did it the old fashioned way, as much as it hurt to do, and we worked our asses off to get there.
1 comment:
Judging by the number of comments to most of your thread I don't think you need to worry about being flamed.
Those be the sounds of crickets chirping.
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