Rep. Frank On GOP: ‘Because Somebody Hurt Their Feelings, They Decide To Punish The Country’
Rep. Frank On GOP: ‘Because Somebody Hurt Their Feelings, They Decide To Punish The Country’
As soon as the bailout proposal failed in the House, Republican lawmakers began blaming House Speaker Nancy Pelosi (D-CA) for its defeat. In a press conference, the GOP leadership faulted Pelosi for giving a “partisan” speech prior to the vote. In the subsequent Democratic press conference, Rep. Barney Frank (D-MA) responded to their absurd charge:
Here’s the story. There’s a terrible crisis affecting the American economy. We have come together on a bill to alleviate the crisis. And because somebody hurt their feelings, they decide to punish the country. I mean, I would not have imputed that degree of pettiness and hypersensitivity.
We also have — as the leader will tell you, who’s been working with them — don’t believe they had the votes, and I believe they’re covering up the embarrassment of not having the votes. But think about this. Somebody hurt my feelings, so I will punish the country. That’s hardly plausible. And there are 12 Republican members who were ready to stand up for the economic interest of America, but not if anybody insulted them.
I’ll make an offer. Give me those 12 people’s names and I will go talk uncharacteristically nicely to them and tell them what wonderful people they are and maybe they’ll now think about the country.
Watch it (view YouTube version here):
Pelosi’s speech mentions the word “Republican” once — in the context of praising them for bipartisanship: “Over the past several days, we have worked with our Republican colleagues to fashion an alternative to the original plan of the Bush Administration.” After looking at Pelosi’s speech, CNN’s Ed Henry said he couldn’t “find the partisan thing that they say sort of inflamed Republican members.” (View her full speech here.)
A GOP staffer wrote into National Review’s Rich Lowry and acknowledged that Frank was right: “Rich – I’m afraid Rep. Frank has a point on this one. Some feelings on the GOP side were hurt, so they voted against the economic well-being of the country?”
Topic Cloud
ArchivesBlog Roll
FACT:
September 29th, 2008 at 3:55 pmRepublicans are ASSHOLES!
Well, we knew that bohner is a crybaby, but the whole caucus?
September 29th, 2008 at 3:56 pmThe Boner and his crocodile tears…. If the Repukes are going to play this game with the taxpayers’ money and livelihood, then the Dems should just take control, rip up the original proposal and make their own, adding the oversight and regulation, REALLY getting rid of any golden parachutes, heck, throw in some national health care, etc., etc. Otherwise, let this fantastic “free market” correct itself. The Wall Street pigs made their beds, now sleep in it.
September 29th, 2008 at 3:59 pmRep. Frank: “because somebody hurt their feelings, they decide to punish the country. I mean, I would not have imputed that degree of pettiness and hypersensitivity.”
Has he not been paying attention?
Pettiness and hypersensitivity (to themselves) is what Republicans are.
September 29th, 2008 at 4:00 pmOr it could be that there are some Republicans whose obstructionism has become an uncontrollable reflex, they’ll vote against ANYTHING in a “Democrat-controlled” Congress.
September 29th, 2008 at 4:00 pmIt’s always been said that the political party reflects its leadership, and if you start proclaiming McCain and your leader.. well then they are certainly following in his rather childish footsteps.
September 29th, 2008 at 4:01 pmThe Republican president couldn’t get the Republican house votes to support his bailout plan.
The Republican minority leader could not get the Republican house votes to support the Republican president’s bailout plan.
The Republican nominee for president who made a great show of pretending to suspend his campaign so he could personally orchestrate the bailout deal then took credit for it over the weekend could not get the Republican house votes to support the Republican president’s bailout plan.
So the obvious response is that it is Nancy Pelosi’s fault.
Oh.
How stupid do these people think their constituents are?
September 29th, 2008 at 4:02 pmAfter looking at Pelosi’s speech, CNN’s Ed Henry said he couldn’t “find the partisan thing that they say sort of inflamed Republican members.
This is an excuse. The Republicans are falling all over themselves to try to lay the blame on Democrats. I believe this whole thing was set up to have the Democrats pass this bailout and the Repugs lay the blame on them in November.
Their plan failed, so the market crashes and they still try to lay the blame on the Democrats.
The Democrats should not just let this happen and pick up the pieces of the failure caused by the Republicans. Hopefully Americans will remember this like they did the Great Depression and lock the Republicans out for another 40 years again.
September 29th, 2008 at 4:02 pmIs there a possibility that the Bill sucked? Lack of: true oversight, stock voting rights for Government(citizens), teeth in Corporate Officer parachutes, accountability, transparency, curtaining new sharp practices. Just wondering.
September 29th, 2008 at 4:03 pmGiven the republican House leadership’s partisan attack after the failed vote, I think that Pelosi, et. al., should scrap the sh!t sandwich that came from attempting to dress up the Paulson proposal and start over.
The dems tried the bi-partisan approach and narrowly escaped having the repubs hang it on them. If the bill had passed, you can bet that the repubs would have disowned any part of it and characterized it as a dem bill.
Well, then, now is the time to create a truly dem bill from the ground up. I hope they will do that. Repubs had their turn at bat. Now it’s time for the adults to take charge.
September 29th, 2008 at 4:04 pmThere is some good new in all of this. John McFilthy and Sarahacuda McNasty Are done.
September 29th, 2008 at 4:06 pmSure, that’s a possibility.
But that’s not the excuse the House Republicans gave. They said it was because of “Nancy’s partisan speech”.
I realize that experience has taught us not to take Republicans at their word, but this is ridiculous…
September 29th, 2008 at 4:06 pmNancy could, and maybe should, announce that the D’s are just going to step aside and let the oh-so clever R’s fix their dungheap all by themselves.
September 29th, 2008 at 4:06 pmcountry first . . . please. Not with the troops. Not with aid after national disasters. Not with money to bail out their own special interests. No, the GOP NEVER puts country first – unless its to make the country first to pay for their mistakes.
September 29th, 2008 at 4:06 pmRepukians are liars, this is just another stunt in their attempts to put the blame somewhere else…ie the Democrats.
Which is just like the Repukes, don’t accept blame, simply pass it on.
And the Repukes are not about country first, what a laugh.
They are always “Party First’
September 29th, 2008 at 4:08 pmI don’t like the whole premise being started here. Hopefully the reason it failed was because it is the wrong thing to do. It was a poorly crafted plan and deserved to fail. Don’t get sucked into the whole Democrat/Republican thing here, people. Let’s focus on the fact that a bailout of fatcats in any form is not what is needed for the country right now. Yes, we are all mad at republicans for what they have done to us, but don’t take your eye off the ball and fall into the trap of them against us instead of sound and logical reasoning on this issue.
September 29th, 2008 at 4:08 pmNancy is a class act. What a bunch of babies!
September 29th, 2008 at 4:08 pmTHE REPUBLICANS OWN THIS MESS.
September 29th, 2008 at 4:09 pmIn this case, it may be that the Pukes did the ‘right’ thing for the ‘wrong’ reason.
This whole bail-out thing STINKS of corruption, special pleadings, sleazy deals, and all-too-friendly backscratching between the entrenched money guys on WallStreet and their ’serious’ flunkies in Congress…
September 29th, 2008 at 4:09 pmSo Nancy, how is that political ploy of taking impeachment off the table working for you? And MCcain’s political ploy of dropping in to save the day, that’s a good one too. Why would they hold a vote that would fail and make the market plunge. Dow closed down 738 points. Way to go idiots.
September 29th, 2008 at 4:09 pm# larkohio Says:
Nancy is a class act. What a bunch of babies!
September 29th, 2008 at 4:08 pm
if by “class act,” you refer to her economic status–Upper–then you’re right, fer sher…
September 29th, 2008 at 4:11 pmPlus, I gotta say that, if some minimum-wage striver gets a publicly-funded bail-out on their mortgage–even a reduction in the interest rate–then I gotta ask: where’s mine?
I’m retired, on fixed income. I can ‘afford’ my note, but only just barely.
I want some of the gravy, too, phuquers…they’re my taxes, too…
September 29th, 2008 at 4:13 pmOh my god! LOL!
September 29th, 2008 at 4:15 pmI listened to her speech. If you listen to her in a Lakoff like manner, she says “the party is over”, after talking about Republican/White House contributions to the crisis. Then she ends with having new leadership in the White House, one who can work to solve the longer term problems not addressed in the bill. That implies “not Republican”.
Dow down over 770 points. It’s hard for Republicans to not look like whiners with their “Blame Nancy” position.
Funny, Congress is breaking for the Jewish holiday. There’s only one Jewish house member, Minority Whip Eric Cantor. Uh, why not stay and finish the job?
September 29th, 2008 at 4:15 pmThey did the right thing by voting this travesty down. Now, on to the next bullshit crisis.
September 29th, 2008 at 4:17 pmThe Dow is down 777 points without shorting. Stock traders commented on the palpable lack of buyers and that was before the “no” vote.
September 29th, 2008 at 4:17 pmShould Republicans be considered traitors?
September 29th, 2008 at 4:18 pmBarney Frank said he had to leave for the Jewish holiday as well.
September 29th, 2008 at 4:19 pmSteve Cohen (D-TN) isn’t Jewish?
Oy.
September 29th, 2008 at 4:19 pmThe House GOP should throw away the Newt Gingrich playbook. Newt tried to shut the government down when his feelings were hurt (he didn’t like his seat on Air Force One), and this new batch of clowns is doing it to the economy.
September 29th, 2008 at 4:20 pmYes, Shayne, how IS that impeachment decision working? For all of us? Let’s take a trip in Sherman and Peabody’s Wayback Machine, shall we?
Perhaps the crises we face today on myriad fronts could have been either avoided or at least minimized.
But no, Nancy was having nothing of it. Impeachment was and is off the table.
Thank you, Madame Speaker. Next Speaker on deck, I hope!
PEACE
September 29th, 2008 at 4:20 pmPoint of fact: Pelosi actually said words to the effect that “some in the Republican Party, not all but some” had acted irresponsibly in supporting “unbridled” “free market” conduct that had produced “chaos.”.
It is hard to see that this accurate comment could insult anyone so badly that they would prove how dishonorable they are by going back on their word. The blame clearly belongs to the Repubes and their con artist leaders.
September 29th, 2008 at 4:21 pmWord came out that when McCain was in Washington to save the day he was actually at a very exclusive restaurant on a double date with Joe Lieberman and his wife. While house members were eating pizza out of boxes. Big freakin’ help. Now his spokesman is saying that McCain kept a low profile so the Democrats wouldn’t vote agains him. …snort…
September 29th, 2008 at 4:21 pmThe Democrats are letting the Republicans frame the message, again! Now is the time to shout from the rooftops:
The Republicans got us into this shit. We are trying to fix it. They are trying to screw things up even more.
Damn it Dems, get your butts out there and stop letting the Republicans frame the message!!!!
September 29th, 2008 at 4:22 pm#tokin librul Says:
This whole bail-out thing STINKS of corruption, special pleadings, sleazy deals, and all-too-friendly backscratching between the entrenched money guys on WallStreet and their ’serious’ flunkies in Congress…
I agree with you totally. Unfortunately the consequences of not bailing out the thieves may be financial ruin to a lot of people. Many people have their retirement in the stock market. If it crashes, there goes their future.
September 29th, 2008 at 4:23 pmAs I pointed out a few minutes ago in another thread, when George W. Bush took (and largely ignored) his oath of office, the Dow stood at 10,587.
Today it closed at 10,372.
September 29th, 2008 at 4:23 pmWorst point drop in U.S. history. McCain economic adviser Doug Putz-Eakin is on MSNBC blaming Democrats. Doug said McCain worked the phones today! And he doesn’t call it in.
Dinner with Liebermans, hanging out at his campaign office. That was the important low profile work McCain needed to do to deliver Republican votes, which happened to fall short.
Guess what? It’s all Obama’s fault! McCain will land soon from his Iowa trip to explain how.
If McCain won’t look at Barack when he’s ten feet away, how can he keep track of his adversary from the road?
September 29th, 2008 at 4:23 pmWhen have Republicans been interested in HELPING this country?
September 29th, 2008 at 4:24 pmYep spencers mom, maybe we can kill two birds with one stone and get rid of Pelosi and McCain.
September 29th, 2008 at 4:24 pmNow you have proof before your eyes and ears that the R’s and the D’s are the same. They are corrupt to the core, and they are chastising others for voting against the worst boondoggle in the history of the world.
September 29th, 2008 at 4:25 pmI can’t believe that anyone would be in a hurry to bankrupt our economy after it has been doing so very well for the last 8 months. Who is stupid enough to give money to criminals unless it is, Blackmail?
Ralph, thanks for the information. My Congressman took two oaths, one for office, the other as a certified public accountant. He hasn’t said jack about the causes of the crisis. But he did ask for prayers. Amazing!
My questions and concerns remain unanswered.
September 29th, 2008 at 4:25 pmstateofthedeivision – McCain got on that plane hours ago. Are they going to fly around until they’re low on fuel giving him more time to think up some bs statement.
September 29th, 2008 at 4:26 pmChoosing Newt Gingrich as your mentor sure pays.
September 29th, 2008 at 4:26 pmShows once again the petty selfishness of the 21st century Grand Old Party.
September 29th, 2008 at 4:26 pmScrew this stupid greedy bailout of the corporate pigs on Wall Street. Flush the worthless lying traitors Bush, Pelosi and Reid down the crapper.
If anyone should be helped out, it should be the sub-prime mortgaged home owners. Under FDR in the 1930s, the federal government bought up all the bad mortgages and rewrote them in 30 year loans at 5% interest. Everyone made out fine: the homeowners, the banks, the federal government and the American people.
Enough of this trickle-down fascism…
September 29th, 2008 at 4:27 pmHoltz-Eakin was especially pathetic in his attempt to toss the hot potato…johnnymac’s campaign staff are all bottom-of-the-barrel operators.
D’s delivered the necessary # of votes. R’s said they would yesterday, then didn’t today, and all they have are patently false excuses. Case closed. Unanimous verdict.
Leave it to the R’s to make sure they drag someone else down with them as their grip on power slips away. No integrity, no honor, no humanity.
September 29th, 2008 at 4:29 pmTHE REPUBLICANS OWN THIS MESS.
Bunch of big cry babies.
September 29th, 2008 at 4:30 pmThis was the GOP plan all along. McCain came in and met ONLY with the GOP. The meeting with Bush & Obama was for the cameras.
They created a strategy to sink this first bill and blame it on the Dems. This is obvious by the coordinated quick-fire statements coming from the McCain campaign and capitol hill.
September 29th, 2008 at 4:30 pmToo bad for McStain that he declared victory earlier today, saying that he had come to Washington and rounded up the necessary votes. While Obama-the-naive stood on the sidelines, he John Sidney McStain refused to “phone it in” and flew in to save the day! And it worked!
Except, OOPS, it didn’t. So guess what? Now he’s saying it’s all Obama and the Dems fault.
The stench of desperation is overwhelming.
PEACE
September 29th, 2008 at 4:31 pmHave to marvel at the “we can’t be partisan but it’s all the Democrats’ fault” bipolar reaction the Republicans are having over this. The only things you can conclude with any certainty are that the house Republicans now dislike Bush almost as much as the rest of the country; that the house Republicans have no interest in following John McCain and will gladly humiliate him by blowing up a deal he parachuted into Washington to pretend to save; and the McCain campaign can’t do much of anything right these days. Blaming Obama for Republicans not coming through is about as silly as you get.
September 29th, 2008 at 4:32 pmThe lone super power sinks into the mire…greed, avarice, weak leadership, military overstretch..on and on…yawn. Oh thats the Roman empire!
September 29th, 2008 at 4:32 pmCan’t wait for the campaign ads asking if your candidate was one of the twelve pussy-whipped by Nance. Ha
September 29th, 2008 at 4:36 pmWill “The soft tyranny of low expectations” be enough to save the McCain campaign, and the GOP??
How low you want us to hold the bar for you, old man!?
September 29th, 2008 at 4:37 pmWell maybe if W hadn’t lied us into a never-ending war in Iraq because of those “elusive” WMDs the people might believe this is an actual crisis and not be so against this “crisis management”. Maybe all those Republican reps who voted against the bailout, if the believe it’s really necessary should stop blaming Pelosi’s mean speech and start blaming their president.
September 29th, 2008 at 4:37 pmMcCain about to speak -
This morning, he shamelessly tried to take credit for passage of the bill that failed.
This afternoon, he will shamelessly pretend he didn’t say what he said this morning, and try to blame his opponent for his very own failure of leadership.
How pathetic can one man be? Put that sorry old liar in hospice treatment, already.
September 29th, 2008 at 4:39 pmNow that this country is officially in crisis shouldn’t we be withdrawing out troops from Iraq?
September 29th, 2008 at 4:42 pmIs anyone else incensed by the a-nalogies used by pols to push the $700 billion bailout:
Health of the economy
Clogged arteries
Stabilize system
Our uninsured Wall Street gets care, but the rest of us? 46 million are as vulnerable as the big money boys. Their risk isn’t packaged financial junk, but a car accident or major disease.
September 29th, 2008 at 4:44 pmShayne, a country in crisis needs a diversion. War or whore?
September 29th, 2008 at 4:45 pmJohn McCain has a lot of experience with both.
September 29th, 2008 at 4:49 pmThe congressman from VA actually stamped his feet and held his breath until he turned blue. Cantor (R) = Childish moron
September 29th, 2008 at 4:55 pmUh-oh – somewhere there’s a blonde white girl that’s about to disappear.
September 29th, 2008 at 4:55 pmBushie #9 Says: “Is there a possibility that the Bill sucked? Lack of: true oversight, stock voting rights for Government(citizens), teeth in Corporate Officer parachutes, accountability, transparency, curtaining new sharp practices. Just wondering.”
Bushie, if that was the case, then why didn’t they say so? That would be a much better reason than the bit of horse puckey they tried to float, wouldn’t it?
September 29th, 2008 at 5:09 pmIn fact, the public might ahve thanked them for it. My guess is they screwed the pooch on this one and now after realizing what they did are trying to cover their collective asses.
People with loads of cash wanted the market to drop so they can buy in before the bailout is official. This way, they can sell off when the market rebounds making a small killing right away. It’s simple really, those with money make money, those without lose what little they had.
September 29th, 2008 at 5:14 pmschmucky -yet another sucker who thinks you can have a fair game with no refs.
what a RUBE.
September 29th, 2008 at 5:14 pmmcmaverick’s on again – this time to preted there was a “secret” “better” plan that no one new about when he parachited into DC to DO NOTHING.
If you’re that man’s patsy, you’re the greatest patsy in history.
September 29th, 2008 at 5:15 pmby “demanding reform” you mean “repeal capital gains tax”
your dog don’t hunt and your boat don’t float
try to depart the field with a little dignity intact, wouldja?
September 29th, 2008 at 5:21 pmchuck – give a concrete example of any game or any system on Earth that operates successfully without officiation.
would you bet on a superbowl that had no refs on the field?
September 29th, 2008 at 5:23 pmtee hee chuckles. tee f’in hee.
hope it makes you feel better for a couple minutes.
what about the “deadbeat” real estate developers who borrowed, and what about the “deadbeat” yuppies with 22 rental houses leveraging them all to get just one more???
you’re a sad old racist Righty, who, when the chips are down and the wolf’s at the door, tries to find some brown people who work for a living to blame for it all.
the shame’s all yours, pal.
September 29th, 2008 at 5:33 pmand answer my question!
how much of your money will you put on a Bowl game that features no striped jerseys on the field????
better yet – would you ever bet against a team that always supplied its own refs?? really????
September 29th, 2008 at 5:36 pmMan: brutal.
September 29th, 2008 at 5:40 pmlosing hand indeed, Monsieur Chucky.
I accept your capitulation.
September 29th, 2008 at 5:46 pmSchmucky is about ready to over dose on that koolaid he’s been drinking. Buying the line of crap when records show it IS NOT minorities that are defaulting on their loans. It’s so much easier for racist republicans to blame a person of color than to look in the mirror.
September 29th, 2008 at 6:02 pmSchmucky, here’s a tip: the problem with your construct is that you ground your rhetoric on a premise that is easily argued, yet you treat it as if it were self-evident. Bad move.
September 29th, 2008 at 6:20 pmHow is it possible for someone even as confused as Schmucky to conflate “lack of regulation” with socialism?
What’s the cause of this oddity? A failing suburban educational system?
An utter lack of intellectual discipline?
Psychosis?
September 29th, 2008 at 6:23 pmScrew You Barney Frank, Pelosi, and the rest of the Republicans and Democrats who voted for this Scam/Extortion, and thank you to Democrats and Republicans who voted it down.
Inject that money into infrastructure, green technology, education, and health care instead of pockets of Wall Street crooks.
Shame on so-called “Progressives” like Ron Kuby (Boy, do I dislike that idiot as much as Sean Hannity) who blindly support this because Jesus Obama supports it. Republicans saw an opportunity to listen to what 90% of the American public wants, and ran with it. Do I trust the Republicans? No, but this is going to change the dynamics of the election for many people who voted for The Biggest Rippoff In History.
There is a reason why hundreds of prominent economists dismiss this Bailout Scam as making the economy worse.
September 29th, 2008 at 6:32 pmI think the idealogues defeated the realists today. Nobody wants this bailout, but the country needs it to divert economic disaster. The time to stand up and oppose was when Bush took us into record deficit spending, and presided over the largest spending increases in our history while at the same time cutting taxes for the upper income levels.
The bill is now due for our endless war against a non-enemy, our deregulation of the markets, our reckless deficit spending, and our reckless cutting of federal interest rates which led to rapid inflation and a devaluation of the dollar.
Now all the grand-standing politicians who voted no today can go back home and wear this as their badge of opposing Bush, when the reality is their continued support of Bush’s policies got is into this mess.
September 29th, 2008 at 6:43 pmThat press conference by Boehner, Blount and Cantor was possibly the most pathetic thing I have ever seen. But how much do you want to bet, the press takes up their story – Pelosi scuttled the bill by being too partisan.
Pelosi’s actual remarks were much more aggressive than the prepared text but everything she said was accurate.
(Wow! Did I just back up Pelosi? Somebody get me out of this rabbit hole, quick!)
September 29th, 2008 at 6:48 pmQuick clarification: Everything Pelosi said about what lead up to this point was accurate. This bill is the wrong remedy to the problem.
Look at her own bill of particulars for what caused this debacle. Then look at the Bail Out package. Nothing in that package addresses any of the root causes of this crisis.
The Democrats should drop the Paulson plan and come up with a new plan that actually addresses the need for regulation and only then provides capital for the financial institutions in a way that minimizes the cost and risk to the taxpayer. (Hey, I can dream …)
The worst part of this whole farce is that, once we get done throwing money at these rich bastards, they will turn around and scream that we don’t have money to address poverty or the environment, etc.
September 29th, 2008 at 6:56 pm“And because somebody hurt their feelings, they decide to punish the country.”
That certainly sums up the Republicans. Country doesn’t matter at all to them, just winning at any cost. Destroying the U.S. is no big deal to them as long as they retain their huge money accounts, & dishonest power.
September 29th, 2008 at 7:09 pmTrailer park inbreeding?
September 29th, 2008 at 7:19 pmWhy are Frank and Pelosi (leaders of the House of Representatives – with the majority) pointing fingers at Republicans. Didn’t 95 Democrats vote against this bill?
If Democrats enjoy the leadership of the House, how is it the responsibility of the Republicans that Pelosi can’t get a simple majority?
Here’s the reality. 133 Republicans voted against it. 95 Democrats voted against it. There is bipartisan skepticism of letting Congress and the President manage $700 billion more of our money.
For Republicans to be blaming Democrats and Democrats to be blaming Republicans is typical, but ridiculous.
It’s a lot of money. Take the time to ensure that it’s wise use of the money and then convince the American people.
This is not a breakdown of our system. This is how our system should work. It’s the kind of bipartisan skepticism that many here felt was missing in the run up to the Iraq War. But, pointing the finger at the other side of the aisle is unproductive and only postponing the real, necessary work that will ensure wise use of our money.
September 29th, 2008 at 7:50 pmDid Pelosi mention:
Bill Clinton’s presidential website still boasts of creating the highest homeownership rate on record. In 1994, Clinton hoped to increase homeownership to 67.5 percent by 2000. He sponsored the revised Community Reinvestment Act (CRA) regulations, which required banks to increase mortgage lending to low- and moderate-income families. These changes also allowed the securitization of CRA loans for subprime mortgages.
The revised act resulted in a raft of community organizers who could now prevent banks from merging, expanding their branches or creating new branches simply by protesting to any of four different regulatory agencies. Using regulation as a weapon, community organizers could now bully and blackmail private businesses. Legislation that encourages such thuggery produces anything but free markets.
Link
September 29th, 2008 at 8:18 pmInteresting article on this Bi-Partisan Extortion Scam.
There’s not a dime’s worth of difference between the two parties. Not surprisingly, neither Pelosi nor any of the Democratic leadership has even met with any of the more than 200 leading economists who have stated unequivocally that the bailout will not address the central problems that are wreaking havoc on the financial system. Instead, they have caved in to Bush’s demagoguery and the spurious claims of G-Sax bagman Henry Paulson, a man who has misled the public on every issue related to the subprime/financial fiasco so far.
http://www.counterpunch.org/whitney09292008.html
September 29th, 2008 at 8:31 pmBut, pointing the finger at the other side of the aisle is unproductive and only postponing the real, necessary work that will ensure wise use of our money.
We must never forget the lessons we learn from this catastrophe.
See? It’s easy to write blather.
It was the lack of republican votes. Votes that the repub leadership assured the dems were all sewed up. The dems who didn’t vote for it were a known element before the vote. It was the republicans that could’t control the crybaby membership.
September 29th, 2008 at 9:59 pmIt’s still lipstick and a lot of people know it. There needs to be real relief for homeowners beset by bad loan terms. How about this–if you are facing foreclosure because your loan just went to 8% (or whatever), you get to negotiate the terms at the same rate the mortgage company is willing to sell it for. The more important question, and the one which these crooks can very well answer, is what are these mortgages worth? Could we have some accountants report to the House tomorrow, please?
Tell me, is this the classic “the president who cried wolf” story? Nobody believes these clowns because we have been lied to too many times. Even though we know that something must be done.
September 29th, 2008 at 10:00 pmI’m with Schrank. As a matter of fact, what he said was so good it bears repeating.
September 29th, 2008 at 11:58 pm
I agree with anyone who says that Nancy Pelosi shouldn’t have given that speech in the first place, but I refuse to believe the House Republicans were so offended by it that they changed their votes to nay! I think they didn’t want to go along with their Fearless Leader McCain, because he’s forgotten the party’s core conservative values. Does that mean that they wouldn’t be willing to work with him if he’s elected in November?
If so, I think John McCain would then be considered a Lame Duck President, like Bush is now. Yep, we sure need another one of those!
September 30th, 2008 at 1:08 amTracy__5 Says:
“Rep. Frank On GOP: ‘Because Somebody Hurt Their Feelings, They Decide To Punish The Country’”
No bumbling Barney their constituents, both Republican and Democrats, pretty much told you to stick it.
<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<
Barney is 10 times smarter and has more class on his worst day than you will EVER have in your entire life.
September 30th, 2008 at 2:45 pmBarney Frank is a sad excuse for a human being. Barney how come 12 members of you banking commitee voted against the original version of the bill? How come the entire black caucus voted against it? Barney Frank is one of the major reasons we are in this mess….and I urge the good people of Mass. to VOTE THIS BUM OUT!!
October 7th, 2008 at 12:09 pm