http://news.yahoo.com/…

House Speaker Nancy Pelosi said Wednesday that a $150 billion economic stimulus plan is needed now because of the faltering economy and she may call the House into session after the election to pass it.

“We may have to go back into session before the next Congress,” Pelosi said.

Pelosi said a stimulus package would create jobs by investing in public works, increasing food stamps benefits and extending unemployment insurance for the long-term jobless. She said lawmakers need to “hunker down” and look closely at the federal budget for possible savings, and reconsider whether the U.S. can afford to fight “a war without end” in Iraq.

“We have some very harsh decisions to make and some of them can’t wait until January,” said Pelosi, D-Calif.

“What we can’t wait for is a stimulus package,” Pelosi added. “We may have to go back into session before the next Congress.”

Invest? No… the government doesn’t invest. It steals or borrows and spends. Public works aren’t jobs but make work projects. Food stamps and unemployment insurance increase unemployment and will help prolong the recession.

Someone needs to tie Pelosi down, A Clockwork Orange style, and make her read America’s Great Depression, The Case Against the Fed and Economics in One Lesson.

H.R. 1424

H.R. 1424 Section by section summary

When enough votes were counted to confirm passage they cheered and clapped. “Hooray for fascism!”

Roll call found here.

The stock market has dropped about 2% 3% after the vote.

Barney Frank:

We can’t stop here. We need to do more. It’ll be like FDR’s New Deal. I don’t see how giving the Fed the ability to buy up assets are infringing on individual freedoms. Those who in the recent past advocated no regulation were the most successful.

We do not have adequate constraints on risk taking. Those who were regulated survived. We see a flight to regulation.

We don’t know how this [the bailout] will work.

GAH!!!! Out and out fascists. Those who supposedly were free market, deregulators he speaks of and he himself and his buddies. YES… some know how it will work. You just don’t listen.

Nancy Pelosi:

This is a big thick bill! Ha ha ha. Wow, it’s ready already. It normally takes longer to get to sign.

http://www.voterbomb.com/…

In case you can’t read what the snip says, it says:

With polls showing the public opposes the administration’s plan by a wide margin, House Speaker Nancy Pelosi wants to make sure that the measure has bipartisan support.

If the public opposes the plan, and she is Speaker of the House, if she were actually doing her job - instead of pandering to Wall Street - shouldn’t she want to make sure that the bill doesn’t pass? The bill could pass strictly on the votes of the Democratic majority, but Pelosi wants to make sure that the Democrats aren’t made the scapegoats for the bill’s passage.

What kind of an opposition party is this?

Democrats were swept to power in 2006 in the hopes that they would 1) end the war and 2) start impeachment proceedings on this criminal administration. They did neither.

On November 4th, it is time to clean house and vote every incumbent Congressperson out of office. We have five weeks to spread the word: If in doubt, vote them out!

http://www.bloomberg.com/…

U.S. lawmakers said they made a breakthrough in talks on a $700 billion plan to revive the credit markets and expect to announce an agreement on legislation later today. Negotiators resolved “our differences so we can go forward with a package to stabilize the market,” House Speaker Nancy Pelosi told reporters when talks at the Capitol ended after midnight Washington time.

Treasury Secretary Henry Paulson said the proposed deal “will work and be effective” in the marketplace. More work needs to be done, “but I think we’re there,” he said.

Bush spokesman Tony Fratto said early this morning that administration officials are “pleased with the progress tonight and appreciate the bipartisan effort to stabilize our financial markets and protect our economy.”

Senator Kent Conrad, a North Dakota Democrat who chairs the Budget Committee, said $250 billion would be immediately available and another $100 billion could be used when requested by the president for debt purchases. Congress could bar the expenditure of the remaining $350 billion only by passing a resolution to block it from being spent.

The package includes a provision aimed at “preventing golden parachutes” for executives of companies who leave firms that have sold troubled assets to the government, Conrad said.

Companies that sell debt to the government will issue stock warrants to the government so that taxpayers “can gain as companies recover” from economic difficulties, Conrad said.

A proposal that would allow judges to modify mortgage terms for struggling borrowers in bankruptcy proceedings wasn’t included, said Dodd, a Connecticut Democrat. “We pushed very hard” for the bankruptcy provision, “but we feel we got good foreclosure mitigation language in there,” Dodd said.

Democratic presidential nominee Barack Obama said the plan “appears to embrace” his principles that the legislation include oversight by an independent board; protections for taxpayers to ensure they receive any profits; measures to help homeowners stay in their homes; and rules to make sure “CEOs are not being rewarded at taxpayers’ expense.”

“There were a series of breakthroughs here in the end” and the agreement on executive compensation “was certainly the most important,” Conrad said. He declined to give further details because the language being drafted by lawyers is “quite complicated.”

Taxpayers will not see a dime of any possible profits… the GOVERNMENT will. What Mr. Obama means is he will be less likely to tax the shit out of us if the happen to make a few pennies from this ‘deal.’ Which is highly unlikely. It really hits home I hope, especially after reading below, that these politicians are not representatives of the people. They represent big business and the elite. It has always been like that and always will. The potential the government has due to its assumed role is a incredible draw on those who would like to use that power for their own interests. It is an inherently flawed system and no ammount of wishful thinking or “getting in the right guy” will fix it.

Read More…

It looks like this account was just created. The videos have been available for some time but in case you’ve not seen them, enjoy:

• Pete Stark Blows Up Over National Debt
• Is it Wrong to Start Violence? Stealing the Tape
• Woolsey Evades Questions by Insulting Jan
• CIA Director James Woolsey Runs Away
• Bill Richardson on Goverment and Rights
• Piercing Questions to Charlie Rangel on Healthcare
• Is Taxation Voluntary?

http://www.ballot-access.org/…

According to the campaign website, Cindy Sheehan has qualified for the ballot as an independent against House Speaker Nancy Pelosi in California’s 8th district.

An email sent this afternoon to supporters says she turned in over 20,000 signatures with at least 10,198 qualifying.

Sheehan is the first independent House candidate to qualify for the California ballot since 1996. California’s requirement for independent candidates for U.S. House is the 4th most difficult in the nation (only Georgia, Illinois, and North Carolina have more severe requirements).

She has the endorsement of the local Peace and Freedom Party and Green Party.

Are her policies better then Pelosi’s? Not by much but at least she’s anti-war and an outsider.