Good for them. Stand strong!
The Republicans should only sign on if the deal includes the resignations of Frank, Dodd and Schumer.
So, the ACORN pork it is still in the bill. Mark my words, this will make it to the President's desk and he will sign it.
Pelosi said she wanted to “save the planet.” This is her big chance. She doesn’t need the GOP. She already has all the votes she needs with the DemocRATS.
Why doesn’t McCain go before TV cameras and say, “At this time when our financial system is teetering on the brink of disaster, the Democrats are trying to funnel billions of taxpayer dollars to a leftwing group associated with Senator Obama?”
The markets won’t like it but as long as there is action towards a resolution then the world won’t end. No action and allowing the financial system to collapse would be negligent though. There are some solutions out there that won’t completely screw the tax payer.
The question I ask is will the markets wait until Thursday? Will the economy wait until Thursday? If this goes until Thursday, how much further will McCain/Palin fall in the polls or doesn’t that matter?
Fear and dread of mentioning the acronym, "ACORN!" Gasp!
The longer it takes the better, might even be able to stretch it into never. Then we need to work on getting back the money paulson has already thrown away to his friends.
Fear and dread of mentioning the acronym, "ACORN!" Gasp!
The longer it takes the better, might even be able to stretch it into never. Then we need to work on getting back the money paulson has already thrown away to his friends.
If the market crashes Monday morning, it’ll be Pelosi’s fault. She had the votes and she failed to pull the trigger.
After all, even the gung-ho bailout boosters will tell you it's not going to cure the patient, the best it can do is stave off a seizure for a few months or years.
So six weeks after the bailout, economic life on Main Street will be no better than today.
Positioning the House GOP (and Senate GOP if they had any nads) to say - "The Dems gave their corporate benefactors $700 billion of your money - notice any improvements in your life?
Given public sentiment, seems like a winning position to me.
The reason the system will “Crash” is because of the runs on the money markets and the weaker banks (like Wachovia).
Why the money runs? Because people are concerned on their monies safety.
We can prevent this by simply raising the FDIC insured deposit amount to $1 million per account. Charge the banks a higher premium.
Most of the “runs” at least by individuals and small businesses is stopped.
Then we can sort this out without tossing $700 billion to Wall Street and foreign banks.
The just want them on board for political cover.
The are afraid the GOP would use it against them in November. That's why McCain should oppose it and let Bush and the Democrats defend this piece of tripe.
I hope they cut Acorn and LaRaza who have no business taking our money.
Not one penny of taxpayer money should go to ACORN.
We may have to swallow this bitter pill, true. We may even have to give in to some of the Dems stupid ideas on it. But we’d better not let the Dems off in the long run for bringing this about and promise I will not be voting for any GOP candidate that approve this bill with ACORN and similar groups still injected into the pork fat. Almost every aspect of this bill makes my bile flow, but if they conduct a laydown to the Dems I will lose faith in the GOP overall.
Are they going to FIX the Community Reinvestment Act by at least aboloshing the “Clinton enhancements”? Perhaps even eliminating the penalties for not issuing enough sub-prime loans? Not allow law firms to sue banks for not issuing enough sub-prime loans? Create caps on the maximum percentage of sub-prime loans a publicly traded firm or bank is allowed to hold?
Is ACORN off the bill??? Does anyone know?