FRIDAY, 10/3/08
This is a special day in the Turrentine household as two of our daughters, Dana & Gina, celebrate their 12th birthday! Only one more year before we have three teens in the house! Lisa and I thank God for bringing Dana & Gina into our lives! What a blessing!
Our family has accepted the challenge and are now two days into it. I encourage you and your family to join us on this adventure!
Ryan & Tonia Elenbaas are friends of GRACE Ministries. They live in Michigan. Ryan’s brother, Jeff, fell yesterday from a tree (I assume deer hunting) and was in surgery last night. He could not feel his legs and the intial prognosis was not good. Please pray for Jeff Elenbaas.
Mr. Curtis Wilkinson remains hospitalized but is making some progress. Carla Kyser sent me a message that the initial results from her latest scans look favorable but the final word comes next Tuesday. Pray!
Mr. J.B. Kelley’s 90th birthday celebration will take place tomorrow, 10/4, in the fellowship hall beginning at 4:00PM. You are invited to attend!
Jennifer Wetterer & Jordon Zirlott will be married tomorrow, 10/4, at the Bayou La Batre Church of God with the ceremony beginning at 6:00PM. You are invited to this ceremony too!
Life is good as the Dodgers beat the Cubs again last night! One of my most memorable trips was several years ago when my older brother, Eddie, and I went to LA and attended a couple of Dodgers games. It was great in large part because he picked up the tab! Eddie, I am available this Saturday! By the way, I am still thinking this is the year of the Cubs so I am not counting them out yet!
Did you see where the guy in Wisconsin was stealing gas last Saturday to put in his SUV. He couldn’t see how much was in the container so he took out his lighter – you can figure out the rest of the story!
I pray that you will have a great weekend with Jesus. Watch the Bama game tomorrow and go to church on Sunday!
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Please read the legislation before discouraging it. It is an investment and not a bail out. It is 700 billion in assets, bought at a discount, no a 700 billion give away. Describing it as debt is incorrect.
I read the Dave Ramsey link. It leaves out some very important detrimental consequences that will be felt across the nation is the bill is not passed. Although this may not be the best bill to go through, and I am not convinced that our government should take an ownership interest in the market, we are facing horrific time in the U.S. and the financial unwind in now being felt in Europe.
If someone sold a house, got a mortgage or gained in your portfolio over the past 10 or so years, they benefited from the additional leverage that was in the market and in influx of capital. This over-abundance of leverage and its effects on the money supply, thus demand, has put us in the current situation we are in. We have all benefited from the historic growth in the economy for the last decade; we must encourage action on the part of our representatives to pass a bill very close to the one that is before them.
The credit crisis is very real, and the things that I see happening here on Wall Street, will be there on Grand Bay Wilmer soon.
BTW – Warran Buffet had a great explanation of the credit crisis on Charlie Rose. If you get a chance to see it, it really clarifies the situation.
U.S. Senate Roll Call Votes 110th Congress – 2nd Session
as compiled through Senate LIS by the Senate Bill Clerk under the direction of the Secretary of the Senate
Vote Summary
Question: On Passage of the Bill (H. R. 1424 As Amended )
Vote Number: 213 Vote Date: October 1, 2008, 09:22 PM
Required For Majority: 3/5 Vote Result: Bill Passed
Measure Number: H.R. 1424 (A bill to provide authority for the Federal Government to purchase and insure certain types of troubled assets for the purposes of providing stability to and preventing disruption in the economy and financial system and protecting taxpayers, to amend the Internal Revenue Code of 1986 to provide incentives for energy production and conservation, to extend certain expiring provisions, to provide individual income tax relief, and for other purposes. )
Measure Title: A bill to provide authority for the Federal Government to purchase and insure certain types of troubled assets for the purposes of providing stability to and preventing disruption in the economy and financial system and protecting taxpayers, to amend the Internal Revenue Code of 1986 to provide incentives for energy production and conservation, to extend certain expiring provisions, to provide individual income tax relief, and for other purposes.
Vote Counts: YEAs 74
NAYs 25
Not Voting 1