“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.
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Barney is 10 times smarter and has more class on his worst day than you will EVER have in your entire life.

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!

The 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.

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.

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.

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

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.

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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.

ralph the wonder llama Says:

How 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?

Trailer park inbreeding?

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.

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.

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!)

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.

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.

What’s the cause of this oddity? A failing suburban educational system?

An utter lack of intellectual discipline?

Psychosis?

I accept your capitulation.