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Posted on 09/28/2008 10:58:56 AM PDT by pabianice
Now on Fox: Pelosi twisting arms to get Repubs on board bailout bill; much push-back. Pelosi will not let this pass without Repubs on board in case it blows-up and Repubs can pin it on Dems. Race to complete before Asian markets open. The Adventure Continues...
BUT:
1) The public does not/will not give them credit, therefore it does not help McCain to win the election.
2) The House Republicans are refusing to fight this in partisan terms, refusing to HAMMER the Dems over Fan/Fred, everytime they get the mic, they talk in green eyeshade terms.
3) The Dems and their media have already set the terms...that the Dems are bailing out the evil Bush.
4) Therefore the House Rs are just postponing the inevitable, and McCain is going down more everyday until this gets passed.
5) The public say they are against it, but just like being against negative ads, they work. The public will vote with the MSM/DNC everytime.
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
You’re going to LOVE this one. Obama’s campaign staff just announced that if Reid needs him to sign the bail-out bill Reid has to bring it to Obama so he doesn’t have to leave the campaign trail.
No....that is too logical! :)
You’re missing the point. The DemocRATS HAVE THE VOTES to pass this without the Republicans being on board. If things are as bad as they are saying, why haven’t they passed this yet? They know this is a scam and want Republican cover. If things do go south, they want to be able to point their crooked little fingers at the Republicans and blame it all on them. The ‘RATS wanted to be the majority, make them and their 9% approval rating take ALL OF THE HEAT. If the Republicans are smart, they won’t touch this. Let Pelosi and Dingy Harry “save the planet.”
here’s the messsage I sent Congressman Boehner:
Dear Congressman Boehner,
Keep fighting this Wall Street Bailout bill. Thank you and your associates for their hard work.
Keep looking for and pushing free market alternatives, and do not let any bill pass that fails to amend the mistakes that got us here - lending to bad risk clients under the compulsion of Fannie and Freddie Mac and socialistic policies that sound good in a Liberal Hymnal but stink on a real world balance sheet.
Also, please let Wall Street know it is not the business of the American taxpayer to assume the risk that even seasoned brokers are too wise to gamble on. The American populace is not someone’s rich uncle - we are a collective of the honest, the hard working, the rule-following, the repsonsible — the people who do not ask for favors but who expect fairness. It ought not to be the case in America that the responsible are punished for the sins of the foolish, the fatcats, the well-intended “progressives” (ACORN) and their golden parachute cronies.
Best Regards,
[yrs truly]
Locked door meetings held in the middle of the night. It sounds like nobody is on board with the bailout. Dems or Repubs.
What happened to Speaker Nancy Pelosi’s promise that the 110th Congress would be the “most honest, ethical, and open Congress in history.”
“Man, this is a tough call. I wish we’d have the guts to just ride out the storm and let the free market correct itself. But let’s be honest- if the deal falls apart and the DOW really does go down 3000 points then Congress will just convene and pass the darn thing anyway. And Republicans will get the blame and a huge amount of economic damage will have been done.”
You make an excellent point, but what if the effect of this bill is to 1: ramp the markets for two days, 2: the DJ sells off 3K points anyway (admittedly from a 400 point (say) higher level, and 3: bailout v 2.0 is enacted. 4: The Hanktator comes back for bailouts 2, 3, and 4.
IOW, what if this bill IN NO WAY addresses (what I believe to be) the underlying problem, which is NOT affixing blame to the Dems, NOT reflating FOH (friends of Hank) bank balance sheets, etc etc; The problem is TRUST. TRUST has been shattered by an ongoing lack of enforcement of rules and a blithe deliberate and arrogant inattention on the part of regulators to ongoing, festering problems. The TRUST problem is NOT addressed by enacting a black box series of regulations and exceptions and opaque buddy-buddy workouts and short-circuits that are simply one arbitrary state in an ongoing series of mid-game rule rewrites.
Changing the rules mid-game, and empowering the purveyors of the problem assets without recourse or recrimination for their prior acts of fraud is, in the end, nothing but a RATIFICATION of the money vs integrity power these banks have wielded to get us where we are today. These rash enactments IMHO will only serve to foster the bank run, the flight of capital from US markets, they are allegedly designed to halt. Taxpayers at this point should count on a quadrupling or quintupling of the dollar amount of this bailout, which will have nothing but a delaying effect on what MUST happen to clean up the US financial system.
“Man, this is a tough call. I wish we’d have the guts to just ride out the storm and let the free market correct itself. But let’s be honest- if the deal falls apart and the DOW really does go down 3000 points then Congress will just convene and pass the darn thing anyway. And Republicans will get the blame and a huge amount of economic damage will have been done.”
You make an excellent point, but what if the effect of this bill is to 1: ramp the markets for two days, 2: the DJ sells off 3K points anyway (admittedly from a 400 point (say) higher level, and 3: bailout v 2.0 is enacted. 4: The Hanktator comes back for bailouts 2, 3, and 4.
IOW, what if this bill IN NO WAY addresses (what I believe to be) the underlying problem, which is NOT affixing blame to the Dems, NOT reflating FOH (friends of Hank) bank balance sheets, etc etc; The problem is TRUST. TRUST has been shattered by an ongoing lack of enforcement of rules and a blithe deliberate and arrogant inattention on the part of regulators to ongoing, festering problems. The TRUST problem is NOT addressed by enacting a black box series of regulations and exceptions and opaque buddy-buddy workouts and short-circuits that are simply one arbitrary state in an ongoing series of mid-game rule rewrites.
Changing the rules mid-game, and empowering the purveyors of the problem assets without recourse or recrimination for their prior acts of fraud is, in the end, nothing but a RATIFICATION of the money vs integrity power these banks have wielded to get us where we are today. These rash enactments IMHO will only serve to foster the bank run, the flight of capital from US markets, they are allegedly designed to halt. Taxpayers at this point should count on a quadrupling or quintupling of the dollar amount of this bailout, which will have nothing but a delaying effect on what MUST happen to clean up the US financial system.
No no no! No ACORN or left-wing hispanic groups should profit from this at all. No windfalls for those thug-run groups.
This bill needs to be squeaky clean or not signed at all. Hope GOP members hold out for at least that much.
Called Republicans unpatriotic because they wouldn’t go along with dems.
Keep up. It's been reported that they got ACORN OUT of the bill.
NOW is the time for us/McC to start blasting the airwaves with what ACORN is, it's long connection to Voter fraud and the many states in which voter fraud connected to ACORN has already surfaced this year and THEN the reminder that Obama worked with AYERS in ACORN for 7 years = So THIS is what a Chicago Community Organizer does?
Well...he is the Messiah.
The only sensible suggestion I’ve heard in this mess is for the government to buy all the houses in foreclosure and then demolish them. This alone would increase the real value of the remaining houses and eliminate the need for the bailout. Or is that all too simple at this point?
“....let him handle the steaming pile.”
And quite the steaming pile it is.
I do not understand this. If the majority of the American people are against this bailout and the republicans are against this bail out, why is McCain dropping in the polls.
It seems to me that McCAin is with the American people on this.
I haven’t looked at polls hate them. As far as I can tell, all other polls are all over the map.
Something needs to be done. Goal of GOP should be to make it as symbolic as possible, with no real teeth. Market just wants something that feels good right now. Something is going to pass, whether we like it or not. The House GOP managed to get it cut in half.
Thing is, no one really knows what happens if nothing passes. Another Great Depression is not what will happen, though a real recession might (as opposed to the fake “recession” of the early ‘90s, which was a moderate slowdown).
But if we elect Barack Obama, we will have a President who wants to enact the same policies that turned a recession into the Depression: higher taxes, more regulation, more national debt, higher tarriffs, more barriers to small business and investment.
Stop the moral hazard NOW!
They better stand there ground on this one. The senate Republicans have already lost their spines, where the FRAK have they been on this issue? Hiding out with their Mistresses?
Something needs to be done. Goal of GOP should be to make it as symbolic as possible, with no real teeth. Market just wants something that feels good right now. Something is going to pass, whether we like it or not. The House GOP managed to get it cut in half.
Thing is, no one really knows what happens if nothing passes. Another Great Depression is not what will happen, though a real recession might (as opposed to the fake “recession” of the early ‘90s, which was a moderate slowdown).
But if we elect Barack Obama, we will have a President who wants to enact the same policies that turned a recession into the Depression: higher taxes, more regulation, more national debt, higher tarriffs, more barriers to small business and investment.
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