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LIVE CHAT for President’s speech at 9
By Amy Wood
Wednesday, September 24, 2008
Chat live with me on line as the president addresses the nation about the financial meltdown.
If you’ve never joined us for live chat, you go to this link and you’ll find instructions.
You just create a user name and password, and you’re in.
I’ll log on just before 9, and stay with you online to hear your reaction and concerns live as he makes his address.
Look forward to seeing you in the Live Chat room!
HERE ARE LIVE CHAT HIGHLIGHTS - post your comments below
aliciarn06 says to (2008-9-24 21:11:22):
Amy, I found it strange that as he talked about some of the things that led to this crisis, he mentioned lenders qualifying ppl for loans without making sure that they were actually able to afford those home loans
aliciarn06 says to (2008-9-24 21:11:41):
and yes, that did happen, BUT
aliciarn06 says to (2008-9-24 21:11:54):
that has been going on for a good while now
aliciarn06 says to (2008-9-24 21:12:13):
so we only address it now that these ppl need a bailout?
livechatamywood says (2008-9-24 21:12:49):
Apparently because it took time for the irresponsible banking practices to catch up with us
aliciarn06 says to (2008-9-24 21:13:27):
maybe, but many months ago when this was mentioned, economists were predicting where it would ultimately lead
livechatamywood says (2008-9-24 21:13:47):
hi web mistress welcome to chat
livechatamywood says (2008-9-24 21:13:55):
true alicaiarn
livechatamywood says (2008-9-24 21:14:26):
that was short
dion246 says to (2008-9-24 21:14:29):
he’s finished
aliciarn06 says to (2008-9-24 21:14:30):
It makes me feel as if no one pais any attention then, but now that we are in this mess, and it affects a giant corporation, and potentially all of us as well
webMistress says to (2008-9-24 21:14:37):
Bush is saying we can’t hamper capitalism w/ regulations, but deregulation is what got us here.
aliciarn06 says to (2008-9-24 21:14:59):
now we’re rready to do something about it
webMistress says to (2008-9-24 21:15:28):
how is bailing out wall street going to help if people still can’t pay their mortgage & are losing their jobs? we’ll just be back in the same spot
aliciarn06 says to (2008-9-24 21:15:38):
I agree
livechatamywood says (2008-9-24 21:15:49):
I understand the frustration with how we got here.. what do you think about what they’re saying we need to do to fix it.. bottom line we are where we are… something has to be done
Evilpony says to (2008-9-24 21:16:30):
they need to use this money to help people keep their homes, pay off their morgages, which will help more than giving it to wall st {smile_smiley}
webMistress says to (2008-9-24 21:16:31):
i know we need to shore up the banks but this whole thing is really frustrating - we need to reinstate regulations on banking
livechatamywood says (2008-9-24 21:16:51):
if you don’t do it though Bush says many more will lose jobs etc…
webMistress says to (2008-9-24 21:17:8):
my husband works in real estate, he can attest to a lot of the unscrupulous mortgage lenders & investors
livechatamywood says (2008-9-24 21:17:21):
interesting web mistress
dion246 says to (2008-9-24 21:17:33):
Something does have to be done, but a 700,000,000,000 bailout seems like the wrong way.
aliciarn06 says to (2008-9-24 21:17:38):
Yes. something has to be done,..but the American ppl should demand that what is done using our money as a bailout is done responsibly..so that we fon’t simply bail them out ..then when things get better for them, we as homeowners are still in the same spot
webMistress says to (2008-9-24 21:17:58):
if we don’t shore up the banks, yes we could face a depression, but if we don’t do something for main st too, then we’re in a vicious cycle of it happening again
webMistress says to (2008-9-24 21:18:8):
japan did this back in the 90’s, & it didn’t work
aliciarn06 says to (2008-9-24 21:18:13):
exactly Mistress
webMistress says to (2008-9-24 21:18:54):
needs to be a two pronged solution - shore up the banks so they don’t collapse, but do something immediate & long term for main st too
aliciarn06 says to (2008-9-24 21:19:30):
I agree, esp. since we as taxpayers are the ones footing the bill
webMistress says to (2008-9-24 21:19:47):
immediate increase in the minimum wage & a bigger, immediate stimulus check maybe, that would help ppl who are hurting & then the banks would have their clients paying the bills the owe
livechatamywood says (2008-9-24 21:20:22):
Wonder what congress will come up with, and how fast.
livechatamywood says (2008-9-24 21:20:36):
What about Bush meeting with Presidential candidates tomorrow?
webMistress says to (2008-9-24 21:20:37):
according to barney frank, their 98% done
aliciarn06 says to (2008-9-24 21:20:44):
The American ppl definitely should have some say in this
Evilpony says to (2008-9-24 21:20:51):
thats a good idea WebMistress, but they would rather give it to the people that got us into this mess :(
webMistress says to (2008-9-24 21:21:3):
yup, that’s the problem
aliciarn06 says to (2008-9-24 21:21:19):
well, if they’re 98% done, what was the point of Mccain suspending his campaign?
webMistress says to (2008-9-24 21:21:33):
none, he’s not on the banking committee
aliciarn06 says to (2008-9-24 21:21:35):
oh, to give the other 2%
webMistress says to (2008-9-24 21:21:47):
all he & obama can do is vote on the bill when it’s done
aliciarn06 says to (2008-9-24 21:21:54):
exactly
webMistress says to (2008-9-24 21:22:3):
& speak out about what they do/do not like, he has no say in the 2%
aliciarn06 says to (2008-9-24 21:22:14):
I know that Mistress
aliciarn06 says to (2008-9-24 21:22:29):
but he wants us to think otherwise
webMistress says to (2008-9-24 21:22:37):
it’s another distraction in my view
aliciarn06 says to (2008-9-24 21:22:45):
exactly so
webMistress says to (2008-9-24 21:22:50):
yup
aliciarn06 says to (2008-9-24 21:23:22):
How long was that….“speech”?
Evilpony says to (2008-9-24 21:23:24):
what would happen, if they wipe all the morgage slates clean, pay them all off and start over?
webMistress says to (2008-9-24 21:23:42):
my concern w/ this whole thing is that we’re strapping the country w/ even more debt, how is the next pres going to spend anything to create jobs, health care, etc?
webMistress says to (2008-9-24 21:23:47):
their hands will be tied
livechatamywood says (2008-9-24 21:23:48):
13 MINUTES OR LESS
aliciarn06 says to (2008-9-24 21:23:53):
Evidently thay do not have the money to do that
webMistress says to (2008-9-24 21:24:0):
i don’t know if that’s possible evilponey
Evilpony says to (2008-9-24 21:24:16):
7billion would do alot tho
livechatamywood says (2008-9-24 21:24:28):
Alot of analysts have said their to do lists will have to wait
livechatamywood says (2008-9-24 21:24:45):
And some economists warn excessive debt will drive up interest rates etc
aliciarn06 says to (2008-9-24 21:24:47):
to help them, yes..but they’re asking for 700 billion
dion246 says to (2008-9-24 21:24:47):
700 billion
livechatamywood says (2008-9-24 21:24:49):
inflation
webMistress says to (2008-9-24 21:24:51):
they should allow ppl who were sold unsound mortgages to refi & restructure
webMistress says to (2008-9-24 21:24:58):
yeah exactly!
Evilpony says to (2008-9-24 21:25:10):
it’s a shame on there part we are in this situation
webMistress says to (2008-9-24 21:25:11):
it may shore up the banks, but the dollar will tank & gas will go up
livechatamywood says (2008-9-24 21:25:24):
I’ve heard that too web mistress
Evilpony says to (2008-9-24 21:25:35):
oops i ment 700b sorry
webMistress says to (2008-9-24 21:25:36):
so we’ll have another set of problems to deal w/
aliciarn06 says to (2008-9-24 21:25:46):
I don’t think they’re considereing the taxpayers, except for the revenue part
dion246 says to (2008-9-24 21:26:7):
I’m not even sure there is a logical short term fix…
webMistress says to (2008-9-24 21:26:14):
the original proposal from the WH said no supervision on the money & nothing for the taxpayers
Evilpony says to (2008-9-24 21:26:28):
like ron paul said the other day, this is just like a fix to a drug addict.
dion246 says to (2008-9-24 21:26:30):
We may just be in for a long term depression
aliciarn06 says to (2008-9-24 21:26:37):
that’s why we are where we are now, Mistress
webMistress says to (2008-9-24 21:26:41):
congress - both repulicans & democrats said no, so at least they’re working together
rhita says to (2008-9-24 21:26:47):
just joined you guys….I thought the president did a good job of explaining things
livechatamywood says (2008-9-24 21:26:55):
we’ll have to see how it all plays out
webMistress says to (2008-9-24 21:27:14):
whatever happens, it’s going to take awhile for us to recover
livechatamywood says (2008-9-24 21:27:16):
hi rhita
aliciarn06 says to (2008-9-24 21:27:21):
well, we’re already in a recession, unofficial of course
livechatamywood says (2008-9-24 21:27:34):
But take heart… Americans are a good bunch. We’ll get through it.
Evilpony says to (2008-9-24 21:27:34):
hi rhita {smile_smiley}
rhita says to (2008-9-24 21:27:42):
hi evilpony
Evilpony says to (2008-9-24 21:27:57):
we will amy, just like we did in the 30’s we are strong
livechatamywood says (2008-9-24 21:28:8):
I have to go downstairs to my computer there.. I’ll join you again in a few please keep chatting…
rhita says to (2008-9-24 21:28:14):
hi amy
webMistress says to (2008-9-24 21:28:33):
i read that if they postpone the debate, it will cost ole miss 5.5 million!
livechatamywood says (2008-9-24 21:28:33):
This is the newsroom computer I am going down to the set where we have the laptops.
aliciarn06 says to (2008-9-24 21:28:50):
wow..more money that we cannot afford
rhita says to (2008-9-24 21:29:1):
ok we will miss ya while you are walking there
Evilpony says to (2008-9-24 21:29:10):
ok amy {smile_smiley}
rhita says to (2008-9-24 21:29:12):
Wow…..that was short
rhita says to (2008-9-24 21:29:41):
I think we should listen carefully to what he is saying…
Evilpony says to (2008-9-24 21:29:48):
we really need to go back to silver and gold backing our dollar
aliciarn06 says to (2008-9-24 21:29:51):
I did
rhita says to (2008-9-24 21:29:53):
web…did you watch it
webMistress says to (2008-9-24 21:30:6):
i had just got back in at the end
rhita says to (2008-9-24 21:30:22):
he appears to be very concerned about us
webMistress says to (2008-9-24 21:30:23):
i’ve been following the bail out news since last week tho
aliciarn06 says to (2008-9-24 21:30:43):
I didn’t hear any concrete plan to address “us”
livechatamywood says (2008-9-24 21:31:1):
It’s one of those stories that is tough to cover properly because of the complexity.
livechatamywood says (2008-9-24 21:31:5):
heavenbound welcome
aliciarn06 says to (2008-9-24 21:31:13):
you’re right Amy
heavenbound28139 says to (2008-9-24 21:31:21):
hello, thank you
webMistress says to (2008-9-24 21:31:23):
yeah i was just saying i’ve been following it intensely & it’s a lot to understand
livechatamywood says (2008-9-24 21:31:40):
It’s hard to make it interesting for the crowd that doesn’t get it.. but I feel its our responsibilty to help people understand why they should care about this
rhita says to (2008-9-24 21:31:52):
i agree problems took place over a long period of time
livechatamywood says (2008-9-24 21:32:31):
bandir1 welcome to live chat
aliciarn06 says to (2008-9-24 21:32:35):
Yes, they did, but they were probs that affected us at the time ...the taxpayers..and nothing was done to address them
Evilpony says to (2008-9-24 21:32:40):
things went down hill after the deregulations passed
rhita says to (2008-9-24 21:32:40):
i have often been surprised at these very young couples qualifying for these huge homes
livechatamywood says (2008-9-24 21:32:41):
tracking yoru reaction to the Bush speech
COMMENTS
I AM NOT LISTENING BECAUSE QUITE FRANKLY…
HASN’T BUSH SAID ENOUGH?@#@$$~
We need a change…Yet our chooses to choose from put American in a race pull…For geberation we have been ruied under white man ruling in the white house….Yet I think a black man may just be what it takes…To turn us around..So Im sure they want paint the white house black…Yet for now just know..I see a change big time…a coming…
It strikes me that this bailout is like receiving a warning that a financial category 5 hurricane is coming, and we’re being told to evacuate or face certain death.
Thanks for your comments some will be featured on News Channel 7 at 7 pm Thursday night. Keep them coming!
Amy
It is a good idea for the Custom Thesis as for me