Comments about ‘A sorry bailout feeding frenzy’

Now that the bailout money is in the pockets of the politicians who don't have a clue why the Recession started and why Wall Street got so much money in the firstplace to play Monoploy, they can rest for a season. Their preferences are secure while taxpayers are demure.Now for the next Wall street plunge(s). Who will bailout the bailouts? We never seem to get the message. Like mice in a cage and blind mice at that,we run at the bidding of a piece of morsel, while the fat rats sit back in their cheesy mansions. I believe its time to read "Approaching Zion" to get a true perspective of where we are at.We have lost our true focus.
If we fail to learn the lesson, it will be Recession and then Depression.
MCain and his Puppet Pallin will assure the total collapse that Bush was rally'in.

We live in constant hopes that America will wake up to the unpleasant facts:

There are no grounds for faith in the present Senate of he United States or a majority of the House of Representatives.

The steady votes of Matheson and Bishop should be remembered with honor, IMO, but the majority of both major parties voted for a bill with increased debt over the original $700 billions as you so rightly point out.

The administration seems to be the servant of the big banks, as indeed the borrower is truly servant to the lender. The people themselves, on the whole, are indebted to the maximum permitted to them and are owned by banks also. We need to get out of debt individually and vote for fiscally responsible candidates for office. This will mean replacing both Hatch and Bennett as our Senators.

Personally the good counsel is what it always has been. Get out of debt asap and stay out of debt. Release yourself from bondage!

We honor Utah representatives Bishop and Matheson who consistently voted agains the bailout both in its original form and in the Senate version which, as you say, added pork to the already obscene sum of $700 billions.

Utah's senators Hatch and Bennett who supported the full bill including the added pork will have to go though. I hope that they will be voted out of office at the first opportunity.

We have no power to change the bailout but we do have the power to fire them.

November isn't that far off and we all should remember this in the voting booth.

In a letter to the editor last week one praised the House members for rejecting the initial version of the bailout legislation. The Senate then usurped the Constitutional mandate that all spending bills originate in the House of Representatives by gutting an idle bill in their hands and inserting the Senate's pork-laden version and taking action themselves. The Senate then through manipulation of the rules sent their ill-conceived bastard child back to the House. The House rules committee subsequently voted to restrict consideration of further amendments and rushed the bill to the floor of the House for a vote while more restrained and far less costly ideas were summarily dismissed out of hand. We witnessed the collusion of the Executive branch with all these manipulations by Congress and a rush to judgment on what's best for the American taxpayer. The process was abused yete again, but of more concern to all of us should be continued government interference in the markets. It is a crowning defeat for the founders' insistence that there be a separation of powers precisely to avoid this kind of abuse. We, the people, allowed it. The people, in fear, surrendered their freedom to the Treasury Czar.

Those miserable wretches in Washington have failed us again. Not once in the last 20 years have they addressed a significant problem or "crisis" without screwing it up and making it worse. This economic disaster is just another example.

The original "extortion plan" from Paulson was reprehensible and wrong headed. It was overly costly, benefited those who already have enriched themselves and who now will reap more benefit at the benefit of tax payers.

As unpalatable as the additional "pork" is that this column railed about, it is not the worst part of this legislation.

The majority of economists think this is the wrong approach. Where were the hearings from the experts who understand this disaster? Where was the "deliberative body" that the Senate claims to be?

The best we can hope for is that in the long run modifications will be made that mitigate some of the damage this misguided piece of legislation will do.

Unfortunately we won't have a chance of voting out any of those who voted for the bailout. Cannon lost the primaries, and neither Senator is up for reelection. Matheson and Bishop voted against the bailout. Perhaps this isn't a coincidence.