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Christianity Today, October (Web-only), 2008 |

Pro-Bailout

Evangelicals say Congress' bailout bill is flawed but needed.

Sarah Pulliam | posted 10/03/2008 08:29AM

Christian economists and policy advisers say they cautiously back the Senate's $700 billion bailout plan that would allow the government to buy troubled assets from financial firms.

The bailout package ...

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Gormfach

Posted: October 03, 2008 9:39 PM


I am not into personal attacks, but the inclusion of Mr. Wallis's opinion, even though I agree with most of what he said here, taints the article because of his theology. "Thor" is one of his disciples.

Unaffiliated Voter

Posted: October 03, 2008 6:37 PM

Most of these leaders are deluded by unbiblical concepts and oportunistic people that are neither Christian nor Biblical. If they were christian, they'd be acting in the Spirit of their namesake. If they were biblical, they'd stop distilling the bible into 2 or 3 sentences. Entire chapters, whole books of the bible are made irrelevant wholesale under their influence. Where is the concept of the jubelee?, where is the concept of not oppressing the poor? reasonable usury? turning the destitute out of thier homes? I spoke to a truely good Christian last week about jubelee. This guy is no dummy, he's educated and in church leadership, but he was quite shocked: "Oh, you can't tell people what to do!" Is it any wonder the economic crisis and mortgage meltdown have now been determined to be the fault of the poor, who borrowed money they couldn't pay back--NOT the thieves who preyed on their ignorance and desire to have a roof over their heads. http://christiansvoteobama.org

Jay	Posted: October 03, 2008 4:35 PM

1. Maybe the something we need to do is to let the correction take care of itself! 2. The Great Depression was great because the governemt tried to "fix" it...It took WWII to fix it. 3. When has the government fixed anything? 4. situation we are in now is a result of government manipulation of a free market economy. "Be still and know that I am God"...maybe evangelical economists should read the Bible.

THOR	Posted: October 03, 2008 4:21 PM

The "Christian Economist" disappeared about the time the MEGACHURCH began to grow. Evangelicals support the bailout? Of course they do. It goes lock step with their belief in corporate jesus' love of trickle down economics. Jesus Christ is a Champion of the Poor and the Worker. Are all the Churches that recommended their sheep vote for George W. Bush twice admitting error? Corporate Capitalism Christianity. Loving the Starbucks model! Converting Millions! No works needed! Stomping out teenage sex and homosexuals! Like Pat Robertson says, "Money isn't evil. It ok to have a trillion dollars if you do God's work." Time to worry about making the Christians BETTER Christians, instead of trying to convert anything and everything that moves. Let your life be an example of Christianity, stop trying to collect a million heaven conversion points.

TOM CANADA

Posted: October 03, 2008 3:52 PM


"Senators quietly tucked in several earmarks into the package, including a $2 million tax benefit to people who make wooden arrows for children and $192 million in rebates on excise taxes for the Puerto Rican and Virgin Islands rum industry." IS THAT A JOKE? PLEASE SAY YES! Looks like america is still thinking independently despite media efforts like this one.

caveat bettor

Posted: October 03, 2008 2:07 PM

Yes, Wall Streeters are full of greed and hubris, overleveraging and overvaluing. But they could not have gotten us here by themselves. It was LBJ spinning Fannie Mae and Freddie Mac off federal balance sheet (this is exactly what sent the Enron executives to prison). It was Alan Greenspan's easy monetary policy, creating a technology bubble and then a housing bubble. It was Secretary of HUD Andrew Cuomo, pushing Fannie & Freddie to make loans to borrowers who did not need to prove income or provide downpayment. And it was the government chartered ratings agencies charged with credit oversight, who rated junk as AAA. We could not have come to these straits without the leadership of government.

Wayne

Posted: October 03, 2008 12:41 PM


How come I can't remeber when it was that those on 'Wall Street' were making money hand over fist and they wanted us to share in their plenty. Oh Yeah ! They never did. That's why I can't remember.

Irene Wagner

Posted: October 03, 2008 11:08 AM

What CRAZINESS! These bankers belong in JAIL not tax-payers unwilling support of their 7 digit incomes (and those of their troubled overseas brethren!!! "Christian economists and policy advisers say they cautiously back the Senate's $700 billion bailout plan" eh? Well "Christian policy makers" also advised that we attack Iraq (conservative estimates of war-related deaths of Iraqi citizens run around 100,0000) to "bring them democracy" or "protect our friends in Israel, just like the Bible says."You want to help desperate people posting to buymyhousebeforethebanktakesit.com? How about eliminating the middle men whom you'd think would come to the American public penitently, with hat in hand, rather than threatening us with economic disaster if they don't get "the goods" from the bailout. Pull out of Iraq and hundreds of military bases around the world. Use the money to bail out the folks facing eviction tho they've lived w/in their means. The bankers who AREN'T in jail can lend again.

William

Posted: October 03, 2008 10:05 AM

Parts of the revised “Bail Out Plan” can actually help people who have not taken on too much credit card debt. Restructuring loans and subsidizing interest can prevent real-estate values from dropping. Subsidizing rates on subprime loans is a key preventative measure because a subprime loan is actually a discounted loan when it starts, it will be a reset back to the original discounted payment which the consumer could originally afford. This problem is widespread and Americas is looking for help and are taking extreme measures to get through bad times. Take a look at http://www.buymyhousebeforethebanktakesit.com ; homeowners are walking away from the equity of their homes because their payments have increased too much from these subprime loans.

Bryant Arms

Posted: October 03, 2008 9:32 AM

The financiers are snookering us again. We, the taxpayers, will never see that money once Congress caves in to special interests, (as usual). If we try to get it back by taxing these businesses, then they will take the good parts of their portfolios and flee to other countries. Suckers! If we use that money to enhance social security, then all of the retirees that lost their retirement funds in the stock market will at least be guaranteed a reasonably comfortable retirement. (The only ones who will still be unhappy are the ones trying to retire to their mansions.) Finally! Congress has found the money to make social security work. Let Congress know that if they get fooled by this bailout, then the only thing for voters to do is punish congress the way it was punished for the gulf war. Bryant Arms

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