Is This What We Want? (Behind the scenes from Rep Gohmert-unbelievable!)

Human Events ^ | 29 September 2008 | Representative Louie Gohmert

[DouglasKC]

That was an astounding eye opening article. It’s nice to get a behind the scenes look at what’s going on. As I suspected, the Dems were playing politics on this all the time.

[SE Mom]

Amazing, isn’t it?

My brain is exhausted from trying to understand what’s happening to our country..

[MHGinTN]

Even before Paulson stealthily slipped Obama the cliffnotes of the Republican proposed changes, even before Obama accepted the invitiation and enter the private room at the White House because Bush invited him to come do his damned job (I guess the call came to the Obamessiah, eh?), Barack Obama had stated publicly that he would vote for what Harry Reid brought up for approval. Is that leadership? Hardly. Is that the way John McCain approach this crisis? Of course not. JOhn McCain went back to Washington to give the House Republicans the gravitas they needed to oppose the ramrodding democrats whom Barack Obama was dutifully following, not leading.

What difference between the actions of the two candidates? A universe apart, and we need to realize it, the American people need to be informed and reinformed of it. Barack Obama said 'call me to come do my job if there's no way I can avoid it.' John McCain said, 'I have a job for which I was entrusted by the people of Arizona, so I'm going back to Washington and roll up my sleeves to enter the discussions. I'll get back to you later, after I've done my job.'

The democrats are trying to elect a lazy, poseur who has deep ties to the Marxist 'community organizers' of ACORN and who is quite possibly a pernicious sociopath who has no moral compass.

The differences between the two party candidates could not be more stark, but we have operatives working FreeRepublic daily trying to blur the distinctions. They are not honest and they do not have the nation's interests at the heart of their motives. One or two have registration dates quite a few years back! But then, the father of lies always has his minions in waiting, even at FreeRepublic.com.

[Guenevere]

bttt

[spectre]

What I'm seeing is that Wall Street doesn't like this bail out plan.

Next!

sw

[SE Mom]

Last I saw the market was down 280..where is it now?

[piasa]

The liberals/dems will always win the pr war because they have most of the media in their hip pocket. Even Americans who are paying attention (especially those who haven’t really been up until now) are besieged by misinformation masking as certainty. And most of them don’t bother to go out and find out the truth. And so, they buy the liberal story. How can you possibly win a pr war in that environment?

The problem is that they didn't even try to win it. There are talk radio and the internet and they didn't even try to utilize those avenues so there's little room to complain about not beiing able to break into print or TV. The only time the GOP tried talk radio was when they were trying to ram amnesty down our throats.

[happygrl]

If the banking industry is built on real estate values, then we are in for a general crash.

Real estate values CANNOT return to what they were, and must reset, because those values bore no relation to the earning power of the market.

There is no way on heaven, earth or hell that median home values should be or can be at $400,000, as they were in California.

The incomes are simply not there.

[hattend]

hit -688 as the vote ended but now back up to -400

[SE Mom]

Ok- tell me WHO in charge of suspending the mark to market rule? SEC? OR FDIC? Or does it require another damn law to be passed or repealed?

[4woodenboats]

Great read, thak you for posting it.

[AmericaUnited]

Secretary Paulson had said that it might take 10-20 years to hold the assets before they achieved their appropriate value.

So the plan all along was just to INFLATE for 10-20 years. Your distressed house valued at $150K today, $100K under water is just held and inflated up to the "break-even" value. BS!

[<1/1,000,000th%]

...it is quite public now that we were told an economic disaster was about to take this country that could be worse than the crash of 1929 election of 1932.

Fixed it.

[wordsofearnest]

AMEN I’ll not be satisfied til someone goes to prison.

[prairiebreeze]

The benefits will ultimately go to the goverment, not the tax payers.

[tapatio]

Bookmark

[angelsonmyside]

BUMP

[Tribune7]

ping

[supercat]

So the premise is - how to prevent the banking system from collapsing?

FDIC needs to use judgment in deciding which banks to shut down. It should not be so overly lax that banks continue to bleed money year after year, but it should not be so tight that a transitory glitch in the market can force a shutdown.

As long as government-insured banks, S&L's, and credit unions exist, the banking industry should withstand the storm.

[Scotswife]

“As long as government-insured banks, S&L’s, and credit unions exist, the banking industry should withstand the storm.”

well sure...as long as they exist.

Isn’t that what this is all about?
Their existence is being threatened isn’t it?