Posted on 09/30/2008 7:57:08 AM PDT by PurpleMountains
The performance of Speaker Pelosi and the Democratic Party in the House of Representatives on Monday reminds us of Hamlet. Something is rotten there, but, like Hamlet, we are not sure exactly what, except that it is even worse than it looked. Was this a ploy to hand the presidency to Obama? Was this a trap to hang on Republican Congressmen? Was this a way to get back in new negotiations slush funds for ACORN and other atrocities Republicans had negotiated out of the bill? Probably all of the above. This was a setup that ended up costing investors twice as much as the bailout itself.
(Excerpt) Read more at forthegrandchildren.blogspot.com ...
“Was this a ploy to hand the presidency to Obama? Was this a trap to hang on Republican Congressmen?”
Methinks Pelosi’s afraid that some of those famous chickens may come home to roost in HER yard.
STE=Q
I go for Newts ideas:
Gingrichs four-point plan includes:
(1) suspending immediately mark to market provisions (the accounting practice of valuing a financial position in an investment at its current market price) in the hopes of stopping the downward spiral in asset values and eventually replacing it with a three year rolling average;
(2) repealing immediately Sarbanes-Oxley, the 2002 accounting law Gingrich described as an enormous drag on small business;
(3) setting the capital gains tax rate at zero matching the Chinese and Singapore (to encourage private capital to flood into the market picking up properties without the taxpayers being at risk); and
(4) passing an extraordinarily powerful energy bill (to return $500 billion a year to the American economy that are currently going overseas).
http://www.npr.org/templates/story/story.php?storyId=94900671
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