Hill Democrats Reconsider Speed of Bailout Plan

Fox News ^ | 9/22/2008 | AP

[justkate]

Reading between the lines:

Chris Dodd (D, Ct.) suggests that Hill Democrats delay acting on the financial crisis today, hoping that the panic flooding the Financial Sector will until the election. Dodd, no doubt, feels his Party can ride the market meltdown into the Oval office.

[Izzy Dunne]

Congress should have a "cautious, deliberative approach" to everything it does, including assignment of parking spaces.

Fat chance, though.

[Perdogg]

Market is down 100+ already.

[InterceptPoint]

From the political point of view, the Dems will want the Wall Street near-meltdown to be front page news at least until 5 November. A few more shockers would be welcomed by them. And they have the MSM ready, willing and able to make this happen. So there is no way we are going to see a quick resolution of this problem in any way that gets it off the front page. Just not going to happen.

Unless it starts to hurt Obama. They it it will disappear in a heartbeat.

[popdonnelly]

I call for a “cautious, deliberative” removal of the Democrats from positions of power, since they’re only trying to figure out how this bailout can benefit them politically.

[Marie]

"We will simply not hand over a $700 billion blank check to Wall Street and hope for a better outcome," House Speaker Nancy Pelosi said Sunday in a statement. "Democrats believe a responsible solution should include independent oversight, protections for homeowners and constraints on excessive compensation."

OMG, I actually agree with Pelosi on something.

The danger is that they're going to meddle in things they don't understand "for the greater good" and screw it up worse than it already is.

[johnny7]

Hill Democrats Reconsider Speed of Bailout Plan

Translation: A full-scale collapse is just what we need to win.

[Rodm]

Dod lines his pockets with kickback cash. What a crook.

[popdonnelly]

Bad news for America is good news for Democrats. - R. Limbaugh

[mlocher]

There are two tensions at play here. Dems wanting things to get worse, versus a “let’s get something done so that we can go back and campaign in our district.”

[mnehring]

While I’m not crazy about this so called bailout (I like Newt and Forbes ideas), the Democrats trying to play this for political outcomes re the election is sick.

[Bertram3]

If the Democrats try to ride the financial crisis (crises) into office they are in for a whipping from the bully pulpit when the stock market falls. The MSM may even grit their teeth and back the Bush plan when they see their bucks disappear.

[Army Air Corps]

Sadly, your are correct. The Democrat party becomes more self-serving every day. Party before country seems to be the DNC motto.

[Army Air Corps]

...the Democrats trying to play this for political outcomes re the election is sick.

Same here. What is worse is that Dodd and company benefitted from shenangians at Fannie Mae and Freddie Mac. Then, there is Chuckie Schumer's little letter that brought down Indy Mac. The DNC motto seems to be "Party First".

[vietvet67]

Gravy train leaving Washington on track 2.

All aboard!!

[Evil Slayer]

If they don’t get it passed today and the result is the total crash of the stock market, massive layoffs, businesses tanking, etc. etc. the total blame can be laid squarely on the dems. The voters will have their heads if they do that for sure.

[Cold Heat]

Market to Dodd.......We will bury you!

message ends.....

[bayliving]

Party before country seems to be the DNC motto.

Sounds like the communists of old to me.

How sad that so much of MY country stands for such crap.

I for one am getting REAL damned tired of it...........

Democrats crash the markets for their own electoral gain (my tag line says it all).

[wagglebee]

What the markets like more than anything is decisiveness. Good news or bad, they need to get a final answer, digest it and move on from there.

If the ‘Rats turn this into a political issue, they risk a full-blown collapse that NOBODY will be able to figure a way out of.

[Cold Heat]

It will happen somewhat slowly in real terms as it affects the Main Street.

Credit markets are barely functioning, and banks must lend to each other. When that stops,even for a short time, they can's loan money, and this will begin to affect payroll accounts, construction projects, and all sorts of things. Should a number of depositors want their cash, they will have to lock the doors.

When you see that, It will be too late.