{"id":3163,"date":"2008-10-04T12:01:46","date_gmt":"2008-10-04T17:01:46","guid":{"rendered":"http:\/\/planetwaves.net\/news\/?p=3163"},"modified":"2008-10-04T16:56:10","modified_gmt":"2008-10-04T21:56:10","slug":"house-version-of-bailout-was-850-billion","status":"publish","type":"post","link":"https:\/\/planetwaves.net\/news\/daily-astrology\/house-version-of-bailout-was-850-billion\/","title":{"rendered":"House version of bailout was $850 billion"},"content":{"rendered":"<p>Hey.<\/p>\n<p>I&#8217;m not supposed to be blogging today, but I just ran into my congressman, Maurice Hinchey, and asked him how the House and Senate were going to reconcile the $150 billion difference between the two versions of the bailout. He said something that stunned me &#8212; the House passed the Senate&#8217;s version yesterday &#8212; for an $850 billion bailout. (He voted against it for the same reasons he voted against it Monday, see blog below.) What is strange is that the mainstream media is still reporting this as a $700 billion bailout. But anyone who has taken as much as a junior high school social studies class knows that the the House and Senate have to adopt the same bill for a law to pass.<\/p>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"0\" width=\"162\" align=\"left\">\n<tbody>\n<tr>\n<td width=\"170\"><img loading=\"lazy\" src=\"https:\/\/i0.wp.com\/planetwaves.net\/home\/homepix\/eric_may29.jpg?resize=150%2C189&#038;ssl=1\" alt=\"Eric Francis\" width=\"150\" height=\"189\" align=\"left\" data-recalc-dims=\"1\" \/><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>I also learned that most of the extra $150 billion is for a <em>tax cut that is instead going to be funded by debt.<\/em> I am trying to think of metaphors for how stupid a way to run a business this is. Let&#8217;s see, in the middle of the credit crunch Discover just gave me a $6,000 card for a year interest free (fact). So I could give myself a raise in salary as editor of Planet Waves, then take the new Discover card and buy 75 subscriptions from my own company to pay for it. Then I would send the Discover card bills to, well, I don&#8217;t have a kid, but if I had one, I would send the bills to him or her.<\/p>\n<p>One of our astrological writers in Finland has been emailing me the past couple of days asking for coverage of the bailout and credit crisis and how it relates to international banking and economy. I&#8217;ve decided to take this one to the crowd. Is there anyone out there with experience in Asian and European credit markets that can help us develop this angle? If so please drop a note to editorial &#8211; at &#8211; planetwaves.net. This can be anonymous help &#8212; all of our Wall Street sources have helped coverage of this issue from behind the scenes, without their names being used. Some have been incredibly generous, and they know their stuff &#8212; I can tell because they break it down into clear terms, they answer the questions till I actually understand what they are saying, and then their facts check out. Please consider helping out if you have a clue. Many thanks!<\/p>\n<p><strong><img loading=\"lazy\" title=\"Planet Waves\" src=\"https:\/\/i0.wp.com\/www.planetwavesweekly.com\/resources\/images\/sign_white.jpg?resize=185%2C45&#038;ssl=1\" alt=\"Eric Francis\" vspace=\"5\" width=\"185\" height=\"45\" data-recalc-dims=\"1\" \/><br \/>\n<\/strong><strong> <\/strong>(stopping into my studio on a sunny day to check email)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hey. I&#8217;m not supposed to be blogging today, but I just ran into my congressman, Maurice Hinchey, and asked him how the House and Senate were going to reconcile the $150 billion difference between the two versions of the bailout. He said something that stunned me &#8212; the House passed the Senate&#8217;s version yesterday &#8212; &#8230; <a title=\"House version of bailout was $850 billion\" class=\"read-more\" href=\"https:\/\/planetwaves.net\/news\/daily-astrology\/house-version-of-bailout-was-850-billion\/\" aria-label=\"More on House version of bailout was $850 billion\">Read more<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"generate_page_header":""},"categories":[1],"tags":[337,52,355,35,356,290],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/planetwaves.net\/news\/wp-json\/wp\/v2\/posts\/3163"}],"collection":[{"href":"https:\/\/planetwaves.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/planetwaves.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/planetwaves.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/planetwaves.net\/news\/wp-json\/wp\/v2\/comments?post=3163"}],"version-history":[{"count":0,"href":"https:\/\/planetwaves.net\/news\/wp-json\/wp\/v2\/posts\/3163\/revisions"}],"wp:attachment":[{"href":"https:\/\/planetwaves.net\/news\/wp-json\/wp\/v2\/media?parent=3163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/planetwaves.net\/news\/wp-json\/wp\/v2\/categories?post=3163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/planetwaves.net\/news\/wp-json\/wp\/v2\/tags?post=3163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}