U.S. House Approves Financial Bailout: Movie And TV Employers To Get A Cut

COMMENTS (8)

• They bail out the crooks but not regular folk who have been fucked by the system and are homeless or about to be.

  Thanks, Dems!

  It’s not like that $700 billion could have been better used elsewhere, right?

  Comment by Sandy Daley — Friday October 3, 2008 @ 11:21am PDT  Reply to this post

• This bill is the final straw in the demise of the dollar…

  Just watch what happens to inflation in a few years…once that genie gets out of the bottle, it isn’t going back in.

  Nikki–you think you can just print up $700 billion and see no consequences?

  Comment by Am — Friday October 3, 2008 @ 12:54pm PDT  Reply to this post

• people know the truth, that’s why…this is a black day for freedom….corporatism has made its official entrance on the public stage…..this was no bail out, it is a giant take-over, what is going to happen now, is stocks are going to sink and sink, as everyone sells high, and as 700 billion goes towards buying lower and lower, so the banks will hoard their liquid cash, and the feds will be left holding worthless paper, and the taxpayer will have paid for this betrayal. hmm.

  Comment by orson — Friday October 3, 2008 @ 12:55pm PDT  Reply to this post

• I believe the public, and the markets are still trying to figure out, just what to make of all this. We are in uncharted water, and very few really have the answers!

  Comment by entertainmenttodayandbeyond — Friday October 3, 2008 @ 1:56pm PDT  Reply to this post

• The stock market is not celebrating because the economy is still in real trouble. This is what Paulson, Bernake, etc have been saying. Even the most fervent supporters of the bailout have not claimed that the bill is a panacea for the economy. Fact is that we will have a recession or near recession for the next year and that will affect entertainment companies. We continue to lose jobs and discretionary spending – the entire entertainment industry – will be curtailed.

  Comment by richard — Friday October 3, 2008 @ 1:58pm PDT  Reply to this post

• It would be very embarrassing for Obama to show up at the function on Sat. Lets hope that he doesn’t show. There are a lot of union folks gagging on the current situation in Hollywood. Strikes, lousy economy so no funding money for new projects…… We need for Obama to show solidarity with the unions.

  Comment by 706makeupgirl — Friday October 3, 2008 @ 2:52pm PDT  Reply to this post

• No one knows where the economy is going, which is why things are so erratic.

  Now the the Fed has these new bailout powers, they have to show a steady hand in a crisis in order to calm the markets.

  Comment by helenofpeel — Friday October 3, 2008 @ 5:34pm PDT  Reply to this post

• This bailout is just one more example of the indivisible handjob stroking irresponsible CEOs and CFOs with billions so that they can run the American economy even further into the ground. So much for Keynesian economics. If the goal is to stimulate the economy, why not give the money directly to the American taxpayers? We could do twice as much good for the economy by giving half as much money directly to hardworking American taxpayers. A bird in the hand is worth two in the bush administration.

  Comment by John Maszka — Monday October 6, 2008 @ 2:03pm PDT  Reply to this post