The politics of failure (Pelosi's not Bush's)

The rejection of the bail-out plan represents a profound domestic defeat for George Bush

GEORGE BUSH’S speech to the country on Tuesday September 30th had a quality of exhaustion about it. It proposed no new ideas or initiatives, promising merely to make another attempt to reach a deal with the House of Representatives, which the evening before had rejected the proposed $700 billion financial-rescue package. This was the seventh consecutive day on which he had pleaded in public for the bill’s passage. The effort is not over, he explained: “I assure our citizens and citizens around the world that this is not the end of the legislative process.”

Negotiations between the White House and Congress continue. Supporters of the bill hope the market turmoil that followed its rejection might chasten legislators who voted against it. Mr Bush sought to increase pressure on the recalcitrants when he pointed out that the one-day stockmarket loss—over $1 trillion—was greater than the estimated cost of the bail-out.

A new rescue plan will not be put to a vote before October 1st. In any case it cannot disguise the damage that the congressional defeat has already done to the dying administration.

The Economist is guilty of drive-by mentality....i.e., they failed to do their homework and they are already Socialists.

Americans would and will not be railroaded into a preposterous and monstrous bill filled with pork and the usual cronyisms. Nancy Pelosi’s melt down and subsequent Dog & Pony Show with Bwaney Fwank and Chris Dodd still very much in the picture so that rather than cleaning up Fannie Mae & Freddie Mac, you are assured the piggy bank to the Democratic Elite is alive and well. To elect Obama the Socialist Democratic Party is willing to deep six the nations financial welfare and those institutions. For years all warnings were simply shelved by people on both sides however, mainly the status-quo elite, Kerry, Pelosi, Reid, Meeks, the powerful Black Caucus Rep. Arthur Davis, Maxine Waters, Shelia Jackson Lee, and many others who approved people being able to purchase homes when they had no way of paying their mortgages….that does not leave the Fat Cat Real Estate people who had a fiduciary responsibility to VET their clients before selling them property….many did not.

Pelosi, Paulson, Reid, Frank, Dodd, etc. were frantically peddling their Snake Oil of Fear to get that 70-80 $$$$Billion bail out – with out American’s being able to vet the bill first and perhaps vote on it? Pelosi almost was able to deliver a Socialist Nation to Obama….this is her agenda.

Subject: The 'Bail-Out;' Buy-In;' Bail-In' or 'Buy-Out' or WHATEVER

I have heard many conversations regarding this subject. Some I have seen on the TV, others I heard on the Radio and some I read at various publications.

And I have learned something.

As an example, today I heard a Real Estate Agent speaking about needing to get Wall Street "up and running" (ie: fixed or funded) because:

His clients needed money to purchase a house otherwise he would not earn a commission.
With no house sale the builder would not be able to send his kids to private schools and they would have to close down for lack of students. The teachers would therefore be unemployed.
The Home Inspection company would not be needed to provide their services therefore they could not collect any fees.
The 'termite man' would not be required to certify the home free of pests and therefore could not charge for his services and his kids would also have to be pulled out of private school.
Since there was no money left in the 'build plan' for the home the builder would have to cancel the lawn 'greening' service for lack of credit funds from the bank.
The Lawn Control Specialist was going to have to cancel their vacation to Hawaii in December. Just at a time that the airlines are having enough of their own problems.
The Real Estate Agent would not be able to sponsor a Foursome in a local Charity Golf Tournament and therefore the Charity would be restricted in the distribution capabilities of donations to their cause.
The mortgage bank/company would not be able to skim their fees off the top of the loan value and therefore would have to foreclose on the private school where the builder and termite man send their children.
The bank would then have to reduce the distribution of lollypops and dog biscuits to the children and pets of drive thru clients (in that order) to reduce operating costs.
With no free distribution of sugared lollypops being distributed to the children then they may be taken off ADHD drugs and the downward spiral of pharmaceutical companies will begin.
Dentists who make a good living filling cavities of children caused by excessive consumption of sugar will have decreased revenues.
Service providers who water and polish the plants in the waiting rooms of doctors and dentists are no longer needed because of the decrease of sugar induced cavities of sugar-free children and now they will whither and wilt away.
Gas stations will have reduced revenue because the Real Estate Agent stays in the office much more; the home inspection and termite trucks do not have to go onsite; the lawn care truck and its water and chemical supplies will have less value to the free market; the banks will have fewer drive thru customers, so they can darken one lane.
Parents will do home schooling more and will not need as many SUV's to get the kids to school, to the doctor and dentists and will not have to stop by the bank so often because there are fewer dollars of theirs in the bank.
Car companies with realign - for example Buick (cars and SUV's); Pontiac (Cars) and GMC (SUV's and Trucks) will become one brand.
Advertising agencies will be needed less to differentiate identical items whose only difference is external colors; mica and ming blue.
Pharmaceutical companies will reduce expenditures for research and medical training schools for doctors and dentists will be reduced in need and further outsourced to the "islands".

I could go on and on and on and on - - but let me spare you and tell you what I have learned. I have learned that what the DEMOCRATS have been saying for years is not true!

TRICKLE DOWN ECONOMICS EXISTS AND WORKS!

To you DEMOCRATS who have said for years that (Regan's) Trickle Down Economics was some form of "Voodoo Economics" being used for political gain, I ask, why are YOU NOW saying that we need to fix (FUND) Wall Street or the children will suffer? Basically, the children are at the bottom of the trickle.

Thank you DEMOCRATS for proving that TRICKLE DOWN ECONOMICS WORKS!

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