Posted on 11/13/2012 11:44:17 PM PST by Cincinatus' Wife
Maybe I wasn’t clear, but without TARP we would have had a quick drop necessitating an FDIC bailout. The drop would have been an huge opportunity for smaller healthy banks which would have led a quick recovery. The market drop after the first TARP vote was Wall St theatre, but it got enough RINO votes to get it passed.
When Boehner asks Obama to lead and waits for specific legislation it buys time to get his troops lined up and get closer to the cliff. The way to get the best deal from the D-senate is to have them get calls from their patrons concerned about the cliff. The worst deal is if Obama and the Senate come up with something and ramrod it through the House using a TARP-like financial crisis strategy.
Thanks. I’m not sure I’m entirely clear on what you’re saying, however. If Obama were to get pushed to ‘lead’ on this, wouldn’t that come in the form of his cooking up something with the Senate Dems?
I’ll admit, I’m a bit jaded on this, as I’m only used to the GOP totally caving under media pressure with any sort of deadline like this, and then of course there was Boehner secretly trying to give the store away to Obama while he was pretending to hold the line both publicly and with the Congressmen he was supposedly leading.
Yep, yep, and yep.
Congress is nothing more than “smoke and mirrors.” No matter what they say, it is only a partial truth...or an outright lie.
Look at the benefits they give themselves whether they are in office for 1 minute or a lifetime while screwing the taxpayer and desecrating the Constitution.
I have absolutely no faith in anything a politician does or says until they pass term limits. Until that time we will continue to creep into the cesspool of socialism and communism.
how about a vote for BONER’s job? so he can have free time to smoke and tan more.
Yes, Obama will cook something up. But the specific legislation will take time and can get specifically voted down whereas words can get agreed to or disagreed to and are cheap. I’m not that familiar with Bohener’s history and I’m mainly looking at it from where we are at today. I would let them talk nice in public as long as we can hold the line in an actual vote. My biggest fear is a media juggernaut behind some really bad legislation (e.g. hundreds of billions in new spending plus taxes, plus some hidden giveaways like the foreign bank bailouts in TARP).
This election is by next year’s members, and there are more conservatives than before.
Both of these candidates are 90+ ACU rated conservatives.
Boehner IMO must be seriously compromised. Here’s one account of the debt ceiling charade in 2011:
Tom Price is from GA and I can tell you he’s great.
I wrote my Congressman. Picking up the phone now.
The 2008 TARP debate opened my eyes, passing it was wrong. The adjustment was needed and we could have been 4 years into a true recovery.
It’s good that you learned that. A lot of Americans dimly realize that the bailout was wrong in some way, but not many realize how similar it is to Japan’s zombie banks of the 1990’s which they plastered over with low rates and never recovered from.
John Boehner is not going anywhere.
Well said!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.