Congressional Black Caucus vote

vanity

[SonOfDakota]

My quick tally of 39 CBC'ers voting today:

18 Y

21 N (Conyers/Lewis/Cummings/A Green/J Jackson/Jackson-Lee/Jefferson/etc)

Just heard Mr Newt comment (FNN/Greta) on his fear that the bill will now be revised to the left to ensure its passage. Ya think?

[mass55th]

If the Bill is revised back to the Left, then I doubt they will get the number of Republican votes to support it as they did today. The argument from the beginning was that Republicans wouldn’t vote for it because they’d had no input. That means that Nancy would have to get the Bill through with mostly Democrat votes, and that’s something she didn’t want to do. It would also mean the Dems would be responsible for putting through a very unpopular Bill.

[jmax]

"Well, it would be right up his something."

LOL

[arkady_renko]

I think. It was wishful thinking to imagine 95 dems with spines. It wasn’t a socialist enough bill. If they load it up enough it will have to pass as a purely dem bill.

[YellowRoseofTx]

Why in h*ll is everyone so h*ll bent on getting a bill? Something like 85% of current loans are not in default and payments are being made. A bill is to bail out the bad players in the private sector as well as the Wall Street sector. Bad players don't need to be propped up for more bad behavior, especially at the expense of American taxpayers.

We were told last week that if the first bill didn't pass the world as we knew it would end.....it didn't. Why has everyone lost the concept of letting the free market work?

[Tainan]

Why is there not a Congressional HillBilly Caucus?

Or a Congressional Red Neck Caucus?

damn racists! I demand representation with my taxation!

[CE2949BB]

Just heard Mr Newt comment (FNN/Greta) on his fear that the bill will now be revised to the left to ensure its passage.

Let 'em have this bastard. Claim full credit for it.

[BrazillionBob]

How would that work, though? If Republicans didn’t vote for it as it was presented today, they sure as shooting won’t vote for a Leftified version, would they?

[MHT]

The calls were running two-to-one AGAINST the bill so Nancy gave them a pass. She would have been able to pass the original bailout that gave big bucks to ACORN without the help of any Republicans but she needed the Republicans to CYA--let them lose their elections at home while her Dems slide in home. She allowed her leadership, five of her committee chairmen, to vote "NO". Clay and Cleaver, blacks from urban areas of Missouri where the sub-prime mortgages are probably the only mortgages available, voted "NO". Why--especially when their constituents are the most affected?

Then to top it off, insult of insults, first she needs the Republicans for her CYA action then she upbraided the "failed policies of the Bush administration"--what a dumb-dumb--insult to injury.

Today the stock market lost $850-billion--more than the cost of the bailout. This should be properly titled "The Pelosi Crash--forerunner of the failed economic policies of the Obama Administration".

Let him be President in a recession. Where will his programs be then? More healthcare? Who's gonna pay for it? The rich? Sure fewer of them after today!

[Bean Counter]

I think we all need to be cognizant of the fact that the FDIC is down to about $45 Billion, and had they been required to cover the fallout from an outright failure of both WAMU and Wachovia, we would be looking at emergency appropriations from Congress to fund the FDIC right now as well; (FDIC is supposed to operate with premiums paid into it by member institutions). FDIC is still backed by the full faith of the US Government though, and hard cash needs to come from someplace. When things get tight like this, that someplace is the US Taxpayer.

The reason WAMU failed was a three-day run on the bank by investors, and any Commercial account that had more than $100K in it was closed last week. That run cost WAMU over $16 Billion worth of liquidity within 72 hours, and announced the arrival at the end of the runway last Wednesday night. That kind of run could be triggered by just about any member of Congress on any bank in the Country right now, with just one careless remark.

If Congress does anything, they need to fully fund FDIC to cover the small depositors under $100,000 instead of trying to spend the money to keep the investors from diving out of windows on Wall Street. Considering that the FDIC maintains a (semi-) secret watch list of troubled institutions around the Country, I think they deserve some of the attention here as well. If anything is going to cover the taxpayer in this it will be FDIC, not allowing the Treasury to buy up worthless mortgage paper from Corporations who should never have purchased it in the first place.

[Semperfiwife]

How does she get reelected?> If East LA could put up a Hispanic to run against her, she would be outta there. I cannot wait for that day!!! “ Mr. Chairman, there is nothing wrong with Fannie Mac and Freddie Mae” She cannot even get the names of the GSE’s that lined her coffers straight.

[ken21]

that’s interesting.

south central, now re-named so as to not embarrass los angeles to south l.a.,

is, as you remarked, majority mexican. the times just had a story on that recently.

the black community has been increasingly spread out, to the antelope valley, moreno valley, etc.

[y2gordo]

Moving it to the left won't work this time. No matter how you try to spin a more liberal bill than you have now; there will still be a massively expensive bill to present to the American people. If they didn't like this one, they sure as hell aren't going to like one that's even more expensive.

However, if the Republicans put forth a bill to the American people with the insurance provision, adjustments to accounting laws (Sarbane-Oxley), payroll tax cuts, and about $50 billion of immediate assistance available until the insurance program is set up, the American people would see the $50 billion and be more willing to go along.

I have to be honest and say that something in my gut tells me that we are going to be okay, no matter what. We have nothing to fear from the Democrats or the media. We need to stay strong, and keep fighting for conservative solutions to this problem.

[Shady Ray]

“I have to be honest and say that something in my gut tells me that we are going to be okay, no matter what. We have nothing to fear from the Democrats or the media. We need to stay strong, and keep fighting for conservative solutions to this problem.”

I trust your gut.

[Mike Darancette]

If you move the bill left you lose more Republicans and Blue-Dog Democrats. It must move right.

[Mike Darancette]

Good point. Pelosi gave dispensation to 16 (I heard) freshman from formerly GOP districts to vote no, these guys would probably lose if they changed to vote for a more liberal bill. I think that she has about all the RAT votes she can get. She has to move to the center and get more GOP votes. Of course this will help McCain.

She is in a pickle as they say.

[ABQHispConservative]

I don’t like this whole mess, but if our side is strategic about it, we can embarrass and demoralize the left and get everything we want.

[wardaddy]

Black Congressional Caucus is the single most critical guilty bloc there is for this debacle outside some Wall Street executives and a few in the White House.

Does anyone outside of John Gibson dare say so?

[denydenydeny]

The vote is unusual because the CBC nearly always votes in unanimous Stalinist lockstep in favor of the most statist, Marxist positions on any issue.

The divided vote indicates two conflicting points of view: The desire to continue the taxpayer-funded gravy train, and the desire to avoid blame for a mess they played an enormous part in creating.

[Master of Orion]

You’re right, if they go all Dem, then they would lose the House majority for sure. They’re stuck.