OTOH – making a statement that even is less mature than Bachman. That sucks.

It is a number that is staggering, but tells us only the costs of the Bush administration’s failed economic policies: policies built on budgetary recklessness, on an anything-goes mentality, with no regulation, no supervision, and no discipline in the system.

The rest is milktoast.

Why are the repukes crybabies?

I think this issue has the potential for the overt, total repudiation of pandering politicians and the apocalyptic obsessed media that wants to promote it’s own significance, while it shills for ratings.

It seems that the adult supervision may be coming from the American people.

We may not know all the variables that effect this circumstance, or how serious it is, but we do know enough to demand more information and deliberation from leadership (and a media) that hasn’t served us well lately.

Bush? well… you know…:) but indeed it seems no-one has bothered to explain it, and for myself as you can see from my posts I’m trying to ‘explain’ to myself, as I’m sure others are trying to do as well.

If Paulson and Bernanke and Greenspan and all the pundits on financial TV and all the politicians on both sides can’t explain it because “its too complicated” then why the hell would a Joe Average like myself accept that they nonetheless know what they are talking about and have a ’solution’ ?

It’s nuts!

I’m not sure but I suspect that the general population, despite the politicians and the media want a serious and practical response to the problem and to hell with the politics (for now anyway). Cheers!

I think you miss the point. The 33% of Republicans who voted for the bill represented roughly half of the 60% of the Democrats who did. I was trying to point out the rate of participation by each identified group, not the percentage of total votes or vote ‘volume’ of each party.

Republicans clearly failed to follow the ‘instructions’ or wishes of their leadership at roughly twice the rate that Democrats defected.

Everyone needs to take some time and prioritize–how can you fix a problem that’s “too complicated to understand”? You break the problem down into things you CAN understand, quantify, explain and act upon with the expectation of a result. DUH!

5th Estate. right back at you. If there is a consensus on this issue, it seems to be that most people don’t really understand it.

Bush hasn’t communicated it well. The congressional leadership hasn’t either. The support that it gets seems tentative. And it failed to pass.

In times of turmoil, everybody feels the need to do something. But, if we aren’t sure what to do, it makes a lot more sense to wait to take action until we are more confident about what the problem is and how to best address it.

Should we go off half cocked, because people are worried? Or should we acknowledge the concern, acknowledge the uncertainty, and proceed deliberately to find the best, most appropriate long term solution.

No, Ms Bachmann, you prefer sucking up to anyone who will listen to your inane banter. Your ow IQ level is only surpassed by Sarah Palin.

Michele, STFU & let the grown ups work.

Democrats and Republicans alike seem to spend most of there time, not proposing solutions, but accusing each other of incompetence and mismanagement.

What reasons should we have to trust them now? I understand they want to look like they are taking action during the current market turmoil. But, it almost looks like, ‘hey, we’ve screwed this up so bad, that we need a trillion dollars to fix it. Although it was our poor judgement that got us into this mess, our new solution will fix it. We promise. And we don’t have time to debate it. Just trust us.”

Is it really that surprising that the American people want the Congress to slow down? I get the feeling that the money is more for covering up the bipartisan mismanagement of the incumbents, than it is for ensuring longterm economic health.

If I’m wrong, it should be up to our leadership to make convincing arguments otherwise. Before we hand over another trillion for them to squander.

The Repubs may have done everyone a huge favor–by accident, by being complete dicks and by running away from Bush who wanted the thing but who is toxic for GOP reelection chances so they didn’t want to associate themselves (also the bill being by default led by Democrats and therefore if successful the GOP wouldn’t get any credit—all sorts of effed-up reasons for voting nay).

The one day 777 drop is surely the reaction of short-term speculators as much (or maybe more) than the reaction of panicked long-term investors.

My opinion at the moment is that this appears to be a radical but necessary ‘adjustment’ to an inflated market. Remember the dot.com bust. Well I think it is the same, but bigger. Just like then the profits and thus the losses are somewhat ‘imaginary’ (Christ I sound like Gramm now ).
The BIG difference this time though is that the “fundamentals of our economy” are NOT “strong” because deregulation has led to a speculative economy, not a tangibly productive.

The “rescue” bill, as I understand it, simply preserves that system for another 6-months to a year. Instead I think there needs to be a major restructuring and it is the citizens that should be given priority and relatively long term help, NOT Wall Street for another sshort term fix.

The essence of the bill that failed is essentially trickle down theory in a new bottle—rescue the guys at the top first and then the aid will trickle to the bottom. Well it should be the other way around and I think the economy would recover much faster because it will be driven by simple and practical economic reality and not by intangible trading theories promulgated and manipulated by a few.

I know there’s people ‘on the brink’ right now but they could be assisted directly by the government (yes its still possible) rather than continuing to go through the middlemen of the commercial financiers who are mostly responsible for this mess, and would otherwise still get their ‘cut’ first and keep the ordinary citizen in second place.

If this situation were so effing urgently needed to help the citizens of the US as a whole and the “ordinary American worker” and “small businesses” who are “the backbone of the economy” (which is actually true) then why is Congress now in recession for the Jewish New Year? !!!

Everyone needs to take some time and prioritize–how can you fix a problem that’s “too complicated to understand”? You break the problem down into things you CAN understand, quantify, explain and act upon with the expectation of a result. DUH!

I’m just saying…

I am always astounded when people offer prayer as a solution for problems that were created by human activity (economic in this case), and that obviously require human intervention to fix them.

What is the point of looking for qualified, educated, knowledgeable leadership, then, when all you need is a direct line to god?

No wonder ChristoFascists consider Palin a qualified candidate -all they ask from her is that she pray before getting in bed every night.

Yet, Mike’s first communication came nearly 10 days after the blowup. In his podcast, he offered no explanation of the credit problem’s causes. He did ask people to pray for wisdom for our leaders. I’m happy to pray, but I’d still like deeper financial insight.

This Thursday, Conaway will host a fundraiser for President Bush at his Midland, TX home. $57,000 will get you a photo and private meeting with George W. I’m not sure how many dumploads of ZooDoo equate to $57,000, but I’m sure some enterprising Republican has done the math.