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The US Congress, so much more equal than all others.
A Bailout -- without citizens voting-- giving $100,000 from EVERY homeowner
to the very bankers and Congressbastards who invited the crimillegal aliens in, in the first place.
Posted on 09/23/2008 3:09:19 PM PDT by Dawnsblood
There was a time when Dick Cheney could turn back a Republican revolt on Capitol Hill.
That time is gone.
House Republicans rose up en masse against their vice president on Tuesday morning to blast an administration proposal that would grant Treasury historic authority to start buying hundreds of billions of dollars in devalued mortgage-related assets, according to members present.
The lines to speak were long, the questions many and sentiment in the Cannon Caucus Room Tuesday swayed heavily against the Treasury proposal.
Afterward, Texas Rep. Joe Barton took the unusual step of telling reporters that he had politely given Cheney a piece of his mind – the sort of dissent Republicans considered unthinkable during much of the Bush administration's reign.
A full-throated Republican revolt could create huge problems for the administration and congressional Democrats scrambling to assemble a package to reassure jittery markets. It could also preserve the Republicans’ options after the fact – if the bailout doesn’t work or proves deeply unpopular with voters, they can say they opposed it.
Some Republicans at Tuesday’s meeting suggested Cheney, White House Chief of Staff Josh Bolten and economic policy adviser Keith Hennessey didn’t help their case.
“They were in worse shape when they left than when they came in,” said one lawmaker who was there. “These were the wrong guys…The problem is that they’ve used up a lot of good will.”
(Excerpt) Read more at politico.com ...
Good instead of a bailout, let’s shine some light on the scurrying cockroaches who caused this mess.
Good. This turd needs to be flushed.
I like George Bush. On balance, I think he’s been a decent President. He cut taxes and he’s stood firm against international terrorism.
But like his daddy, he’s a government man. He believes in government. He thinks government is often the solution, rather than the problem.
And I think most of us conservatives knew that deep down back in 2000.
I demand that all those greedy ceo’s of bankrupt corps, pay back their “loot”.
A Bailout -- without citizens voting-- giving $100,000 from EVERY homeowner
to the very bankers and Congressbastards who invited the crimillegal aliens in, in the first place.
It doesn't help that McCain can't buy a clue on this. Geez, he co-sponsored the bill in 2005 to reform Fannie and Freddie, but you won't here about it from him or his campaign. Instead he attacks Republicans like Chris Cox, and promotes Democrats.
I couldn't agree more.
Ralph Nader for President!!
The stench of the failure of liberal globalism is beginning to be too much. No bailout for you
We should all support our GOP Congressmen and stop this rip-off now.
Why is nobody on our side talking about the root of the problem - the relaxed lending standards with a mind to ‘universal’ home ownership, aka social engineering?
bump for putting the blame on Barney.
“I demand that all those greedy ceo’s of bankrupt corps, pay back their “loot”.
And let’s make that retroactive to those crooks, Franklin Raines and Jim Johnson who were stealing their millions from Fannie Mae during the Clintoon years. While we are at it, let’s make Dodd and Obama return all their loot from FM’s lobbyists. It’s time they all start “giving back” till it hurts.
The credit industry is trying to include bad student,auto,
and credit cards with the help of the DEMS!
I’m pleased to see everybody at FR is against this BS.
Maybe I can get something included to make up for losses I took buying SunMicro stock.
“Free Market” conservatives have got to realize that alot of the sentiment against the Wall Street bail outs is NOT against “capitalism” but against bailing out “capitalists” who fail; and in this case many who did fail did so because of how deeply they accepted the anti-capitalist agenda of the Freddie and Fannie enterprises structured with the implicit guarantee that at the end of the day the taxpayer would rescue them.
Often, when you find “greedy corporate” heads, you find “capitalists” who capitalized better than others in their government connections, and reliance on government rules bent their way, and not in their “free enterprise”.
One does not become an “anti-capitalist” for allowing failed business to fail.
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