[spot5050]

Here's some extracts from the legislation summary...

$this->bbcode_second_pass_quote('', 'S')ection 2. Purposes.
====================
Provides authority to the Treasury Secretary to restore liquidity and stability to the U.S. financial system and to ensure the economic well-being of Americans.

[Keith_McClary]

So Hank will be out Monday morning trying to borrow $850,000,000,000.00.

Who has a spare $850,000,000,000.00 to lend?

Of course he could borrow a tiny bit at a time (say, a mere $10,000,000,000.00 per month), but surely the whole point is to goose the economy in time for the US elections.

[smallpoxgirl]

$this->bbcode_second_pass_quote('Keith_McClary', 'W')ho has a spare $850,000,000,000.00 to lend?

[Cid_Yama]

Unfortunately, the markets reaction shows this is seen as a final act of desperation that nobody believes will work.

This is like throwing everything you had left at it and praying for a miracle.

Now that it's happened, there is nothing more that can be done.

We are now at the mercy of fate.

[smallpoxgirl]

$this->bbcode_second_pass_quote('Cid_Yama', 'N')ow that it's happened, there is nothing more that can be done.

[IndigoMoon]

Has anyone actually read this 451 page monster?

H.R. 1424

Pages 113-260 are all about energy. Biofuels- carbon dioxide-etc. I'm fairly certain I saw the word refrigerator in there too.
11 DIVISION B—ENERGY IMPROVE12
MENT AND EXTENSION ACT
13 OF 2008
14 SECTION 1. SHORT TITLE, ETC.
15 (a) SHORT TITLE.—This division may be cited as the
16 ‘‘Energy Improvement and Extension Act of 2008’’.
17 (b) REFERENCE.—Except as otherwise expressly pro18
vided, whenever in this division an amendment or repeal
19 is expressed in terms of an amendment to, or repeal of,
20 a section or other provision, the reference shall be consid21
ered to be made to a section or other provision of the In22
ternal Revenue Code of 1986.

Pages 261-295 are Alternative Minimum Tax
DIVISION C—TAX EXTENDERS
5 AND ALTERNATIVE MINIMUM
6 TAX RELIEF
7 SECTION 1. SHORT TITLE; AMENDMENT OF 1986 CODE;
8 TABLE OF CONTENTS.
9 (a) SHORT TITLE.—This division may be cited as the
10 ‘‘Tax Extenders and Alternative Minimum Tax Relief Act
11 of 2008’’.

Starting on page 310 is mental health and addiction provisions.
8 Subtitle B—Paul Wellstone and
9 Pete Domenici Mental Health
10 Parity and Addiction Equity Act
11 of 2008
12 SEC. 511. SHORT TITLE.
13 This subtitle may be cited as the ‘‘Paul Wellstone and
14 Pete Domenici Mental Health Parity and Addiction Eq
15uity Act of 2008’’.

What does ANY of this have to do with an ECONOMIC BAILOUT? Am I really that blind or did they honestly cram all of this up our collective rears without us realizing it? And all under the guise of our economy crashing? Someone please explain just what I am missing here.

[mos6507]

$this->bbcode_second_pass_quote('', '
')Someone please explain just what I am missing here.

[wisconsin_cur]

$this->bbcode_second_pass_quote('smallpoxgirl', '')$this->bbcode_second_pass_quote('Keith_McClary', 'W')ho has a spare $850,000,000,000.00 to lend?

[Tyler_JC]

The only silver lining is that we managed to kill section 8. Also known as the Emperor Paulson amendment.

$this->bbcode_second_pass_quote('', 'D')ecisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.

[Cid_Yama]

Two weeks after 85 billion went to AIG, AIG has been downgraded by Moody's and it was all a total waste. It bought them 2 weeks.

The markets fell the same day this went through and people are talking about Monday being the end of the financial world. So 700 billion didn't even purchase a weekend?

I guess the US just goes into default and it's all over, eh?

Or is there something even worse I am missing?

[ReverseEngineer]

$this->bbcode_second_pass_quote('Cid_Yama', '
')Or is there something even worse I am missing?

[virgincrude]

Tyler J_C: $this->bbcode_second_pass_quote('', 'I')t might have cost of $100 billion in pork, but democracy was saved (kind of...).