Why the bail failed: Nancy Pelosi’s 95 Feces
Robert: Your post is prescient!
OPPOSITION TO BAILOUT PLAN FALLS DRAMATICALLY
Monday, September 29, 2008
As Congress prepares to vote on a proposed economic rescue plan, opposition to the measure has declined significantly. A Rasmussen Reports national telephone survey conducted Sunday found that 33% of Likely Voters now favor the plan while 32% are opposed and 35% are not sure.
For proponents of the legislation, that’s a significant improvement. On Friday, just 24% of voters had supported the plan while 50% were opposed. http://www.rasmussenreports.com/public_content/business/general_business/opposition_to_bailout_plan_falls_dramatically
GALLUP’S POLLING ON THIS SUBJECT IS VIRTUALLY IDENTICAL TO RASMUSSEN’S . . . ANOTHER DAY OR TWO OF ECONOMIC CARNAGE (WITH NO ACTION FROM CONGRESS) AND THESE NUMBERS WILL BECOME VERY UGLY VERY FAST FOR REPUBLICANS.
The Dem plan was to let everyone that is either a committee chair or has a challenger in their district vote nay so that they could beat the Republicans with this bill with little risk of losing seats over it.
God save us from any more of these useless, hand-wringing vanities.
While Pelosi and her ‘RATS are clubbing the Republicans, what are they going to do with the 95 DemocRATS who also voted “No?” Make them sit on whoopi cushions?
Because there are billions of dollars of real estate out there that are worth a fraction of the value it is claimed as.
Empty malls with no buyers, and McMansions with no market.
And the fat cats were going to squirm out from under it using this bill as leverage to buy time Someone is going to be left holding a whole lot of bags. Let it be the lenders - who knew what they were doing, and did it anyway.
The premise of your question is wrong. The market will not crash. Have some faith in capitalism.
Yeah that’s why Nancy is having a nervous breakdown
I think the opposite. I think Rebpublicans, led by McCain, should vocally and demonstrably distance themselves from Bush and Paulson, propose a plan with no bail out, just insurance for mortgage loans, changes to Sarbanes Oxley, elimination of capital gains and increasing FDIC to $500,000. If they do this, and do it now, they could be heroes and McCain can use it as a wedge issue on the economy.
What some here are not getting or are refusing to understand is that though there is significant resistance to the bailout now, the next six weeks will see a seachange in voter opinion in favor of the bailout. Republicans will receive the blame for not passing the bill, and the Dems will reap the benefits of voter anger.
Do you really want Congress giving the Sec Treas the power to bail out foreign banks, or to purchase any type of financial instrument at any price?
Those 2 scenarios were only part of that bill. The Democrats and Republicans who stood strong against that nightmare of a bill are heroes.
Actually, what will happen is that the bill will be re-written, the things negotiated out will be put back in and then many of the Dems that voted no will change their votes. In the mean time every aspect of this whole mess will be blamed on Bush and the Republicans, and, to make it worse, the Dems will claim they stood up for the little guy by forcing this “corporate welfare” to include funding for programs they will claim benefit average Americans.
In other words, the bill most of us hate will be replaced by the bill we despised, and we’ll STILL end up looking like the bad guys who acted irresponsibly and gave away Hundreds of Billions to corporate fat cats.
The republicans need to lay this at the feet of the democrats.Its their baby.With the number of people calling their congressmen to raise hell about this sell out tells me the republicans and the democrats who voted against this bill will be alright.Mcnutts needs to get out there and bury the community organizer under the freddie,fannie debacle and never let up.
Is it possible that Pelosi’s speech was deliberately antagonistic, and intended to dissuade Republicans from voting for the bill? I wondered about that; but I tend to think that Pelosi is too stupid to be that sneaky.
If the bailout was the right thing to do, the congress would have voted for it and let the improved economy speak for itself. It appears that they are not sure of the bailout themselves.
The Republicans that voted no seem to be in really safe districts. Many (not all) of the Democrats that voted no are not in safe districts or they would have voted yes and followed the Pelosi line. If voting no was a mistake then those Democrats are in trouble, more trouble than the Republicans that voted no. Remember most of the Freshman Democrats voted no especially those from previously GOP districts who were given permission to do so.
Now the Republicans that voted yes will not be challenged by Democrat opponents who would say they would vote no.
On the next vote I don’t see many Democrats changing their votes for bill with more GOP input. Remember I said that the Republicans that voted no previously are in safe districts so changing their votes will not hurt them.
I say that the outcome is good so far.
I’m a bottom line kind of guy, and the bottom line is that the Democrats control the House. They did not need a single Repubican vote to pass their bill.
Always good to hear from our betters.
Say howdy to the GOP "leadership."
Tell 'em the people haven't even begun to get riled at them yet...