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Anyone who accuses the Democrats of playing the partisan card has evidently lost the ability to do basic mathematics.
The fact is that both sides were absolutely deplorable.
Self edit: lots of overly vituperative crap.
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Wouldn't he be showing Americans that he was sincere about unifying the country by persuading the typically partisan crowd in D.C. to vote FOR a GOP-proposed bill? Huh? Huh?
I know that Paulson backs the plan but I find it amusing that Pelosi didn't know she had enough cover from her own party.
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and maybe I am missing your point, but 40% of the no votes were Dems. This is definitely one of the few times I think were large parts of both sides of the aisle see this bill as going way too fast. The fact that so many Dems didnt vote for this does surprise me though. Makes me wonder if some dems behind the scenes dont really trust Barney Frank, seeing that he deserves a chunk of the blame for this disaster, along with many others no doubt.
Pelosi can't get her ducks in a row
The majority leader gets 60% of her party to support the opposing party's bill, while the minority leader fails to get 67% of his party to support his own party's bill. Who's the abysmal failure in this scenario again?
I find Pelosi almost obscenely unlikable, but this isn't her screwup.
will likely benefit significantly from doing so. This is one of those items that does you little to no good to support, but provides a ton of ammo for you or your opponent if you voted for it and they against it.
correctly. 700 Billion is a lot to screw around with to see a plan fail.
Maybe we can see gas prices at $3.50 in a month or so...woohoo!
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...convincing Democrats to vote against the bailout bill so as not to put their seats at risk.
Both parties are now negotiating vote trading, with the Democrats arguing the Republicans should get at least 9 more of their members to vote 'Yea,' bringing the Republican favorable votes up to signficiantly. At issue...how many seats each party should put at risk by voting for this deeply unpopular bailout.
We're fucked either way.
not being re-elected, which is their primary concern in life. It's sad and pathetic.
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my sentiments exactly. Its time for term limits for these idiots.
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all to vote for this fantatstic bill they put forth.
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Not gonna happen, but they were both flapping their lips about responsibility. Why don't they ban together and take responsibility for this?
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Obama has yet to speak. As of 3 PM EST House Minority Leader John Boehner and House Minority Whip Roy Blunt were the only jackoffs to get on camera and start the partisan finger pointing.
Haven't seen McCain on TV today doing any post Congress Vote announcements.
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Sure, I'm reasonably certain I watched Obama give the exact same speech you watched, but Mac's on top of these political shenanigans more than anyone I know.
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This definitely sends a message that Wall Street does not have a blank check to do whatever the fuck it wants.
Kudos to the Representatives, both Democrat and Republican, that voted this albatross down. I am sorry Joe and Jane cannot buy whatever the fuck they please on 100% credit, they'll just have to deal with it.
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The "ignore poster" function works wonders.
On Thursday after crafting the initial Dem bill to counter Paulson's proposal, with out bring any Republicans to table she announces that she has a bipartisan solution. Then McCain arrives in Washington and Dems start blaming McCain for disruption. Then Last night with no Republicans present, she again announces that she has a bipartisan solution. So today, before the voting she makes her speech blaming Republicans for the mess. Never mind that the DEM Congress, over the years, is certainly complicit leading up to and causing this mess.
couldn't get enough of their own party to vote for it.
Slacker:
Every cloud has its silver lining.
Tom
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Myself, wife, one child, possibly a second.
My wife is Polish. Good cook.
However, we are completing our remodeling plans for the basement and can throw an extra bedroom in there for you. It's a walkout so it's bright and airy.
If you add the backyard putting green, I'll pay an extra $50.
On another note, is Windsor worth going to if I'm in Detroit? I have to travel there (ugh) the next few weeks and have gotten two opposite opinions on Windsor.
It'll be decorated with canned goods, camo gear, ammo, fuel, backup generator, ham radio and hydroponic plants. I'm sure you won't mind.
Windsor = hole. I do some work there and rarely stay overnight. It's a dump.
Plenty down there to keep the kids occupied.
Thanks, sounds like Windsor and its US neighbor are very similar.
I don't remember if you are going to any games this year. I'll be at Syracuse, if you will also, we can drink two beers and get arrested.
And I'm hoping to just get in, see the game and get out before the US slips into martial law.
And the bill has many supporters in the GOP in Congress (esp in the Senate).
You can hardly call this a Democratic bill, it seems to me.
failed... The bailout is just another step towards socialism and letting those that made bad choices not take reponsibility. It's time for the responsible hard working people to take this country back.
It's been 10 days and all we see is immature bickering and grandstanding by our brilliant elected officials.
in a lending institution and let the market work the way it's supposed to work. No more bad or border line loans. We are not guaranteed anything but the pursuit of happiness, not a guarantee that someone else will pay your debt because you couldn't control your wants.
Oh sure, leaders of both parties will subject us to the expected rhetoric aimed at appeasing his/her constituents, but as you well know, this is some serious shit on a bagel they're being forced to deal with, and quite frankly, they don't like it.
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Gotcha.
Now THAT'S true leadership!
Depressions hit the lower classes the hardest.
Do you remember Little Orphan Annie? Remember Daddy Warbucks? Did the depression seem to be hurting him much?
The bailout is necessary to prevent panic & collapse. It is equal parts psychological and economic.
The "hard working people" will not be able to "take the country back," whatever the fuck that is supposed to mean, if the country is in the toilet.
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Maybe you can prepare another witty panty line in the meantime.
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I think it will be the Sun. However, it is likely that the moon will hit first and we will not be around to know the real answer.
Neither party has the balls to decide on a suitable plan and put their vote behind it. The reason our country sucks right now is because those making the decisions lack the courage to do their fucking jobs when it matters most.
I think the problem is that the election is coming up so soon. Each side afraid the other will hammer away since we really won't see the results of this plan before the election. Politics as usual.
Congress has been like a teenage girl with her parents the past eight years with the President - just give me money for my interests, and I don't care what you do. It's about time they rebelled against this egregious deficit spending.
when they didn't even have the votes to agree it was necessary.
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Who cares if they'll have the standard of living of poor Bangladeshis, I want my boat and LCD TV! I want free health care! I am entitled to everything, and to charge it to following generations!
Completely.
But I am convinced that this was necessary - and that it was not necessarily going to have been a major cost in the long run. Remember, it was not simply a $700 billion give-away. It was a federal investment, in a way.
Either way, the Wall Street lemmings may well now plunge over the cliff.
all the media frenzy and doom-Sayer's. The market will correct itself and the less fucking government intervention the better. The government got us here and now they want to act like they can fix it with more regulations. This started 30 years ago and now the chickens have come home to roost and everyone wants to just handout more of my fucking money to those that don't give a rats ass about being responsible.
Everything I've read indicates there may be better ideas out there. But I refuse to believe there is absolutely nothing the government can do to mitigate the damage this is doing to the economy. There are other ways of raising the money, maybe partially subsidized with taxes, but we haven't heard anything from Congress outside of this $700B bill.
was the flavor of the market. Reagan's ideology of deregulation has come home to roost, known as Reaganomics, or Friedmanite thinking.
The handouts were okay when Reagan made it easier for handouts to the wealthy. Inflation stayed the course which is what it was supposed to defeat along with government spending which increased along with the size of government. It was to put a rein on money movement but it turbocharged it. These things looked good because bank accounts blossomed but we ignored they blossomed along with inflation.
made changes. rememeber it's the Congress that sets the laws and rules.
I totally blame all other subsequent White House inhibitors for their love of making money on a faulty idea.
I think many people see this as Paulson and Bernacke helping their boys on Wall Street more than anything else. I would be suspicious of it and I am glad to see that both Republicans and Democrats are having 2nd thoughts on this bailout.
Make no mistake - if this bill fails, the lemmings will all follow each other over the cliff.
The only thing preventing panic right now is the potential help from the federal government.
I trust the fed chair. People in his position are not generally inclined to be chicken littles.
to a certain extent, but I have a hard time trusting someone who allowed this to happen, and that included Bush, Pelosi, Frank, Dodd, Bernacke and Paulson. It is reaking havoc in our financial systems, and while we need to stop that, when do we finally get to a point where we start putting in politicians that are going to do things the right way, not the way that gets them re-elected. I feel that this bailout will only lead to the same kinds of reckless attitudes that got us here in the first place. When do we start putting these CEO's in jail for this BS.
I'm reminded of Martin Landau's advice to Richard Gere in Intersection, "Whatever you're going to do, do it."
Indecision is a bad thing.
one of the very few things that are bi-partisan.
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