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GOP hopefuls cheer for a spending showdown
AP via SFGate ^ | 2/28/11 | PHILIP ELLIOTT, Associated Press

Posted on 02/28/2011 4:39:46 PM PST by SmithL

WASHINGTON (AP) --

Easy for them to say: Cut spending, no matter what. Don't let the government borrow any more. Shut it down if you have to. While the cast of potential White House contenders tells Congress to get tough, drawing lines in the sand is risky for lawmakers who have to live with the consequences.

Many remember what happened more than two years ago when House conservatives bolted from their Republican president and leadership to defeat a $700 billion rescue bill for the nation's financial system. The Dow Jones industrials plunged 777 points, the most ever for a single day. Lawmakers had second thoughts, and four days later 58 of them, including 25 Republicans, switched sides to pass it.

Many Republicans paid a huge political price, losing re-election last year as furious tea partyers made how lawmakers voted on the bank bailout the single biggest litmus test of their conservatism.

However dangerous such brinksmanship is for lawmakers . . .

(Excerpt) Read more at sfgate.com ...


TOPICS: Editorial; Government; Politics/Elections
KEYWORDS: asspressbias; budget; yourtaxdollarsatwork
More AssPress Bias
1 posted on 02/28/2011 4:39:53 PM PST by SmithL
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To: SmithL

How about a headline of...”Taxpayers pray for some relief and sanity”.
Its not the Politicians’ money they are spending.


2 posted on 02/28/2011 4:46:43 PM PST by rod1
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To: SmithL

I know lefties have long term memory problems, but Short term memory loss also?

6 years ago it didn’t matter WHAT Republicans thought. Pelosi and her little robots did whatever they wanted. Period.


3 posted on 02/28/2011 4:49:28 PM PST by Marty62 (Marty 60)
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To: SmithL

That was then, this is now. I suggest shutting down the idiots of DC.


4 posted on 02/28/2011 4:52:07 PM PST by kindred (Come Lord Jesus, rule and reign over all thine enemies.)
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To: SmithL
Call me crazy.........but, I think it is entirely possible that the 777 point drop could have been manipulated............just as the market is being manipulated right now as we type...........

:}

5 posted on 02/28/2011 4:53:05 PM PST by AwesomePossum (I have never looked this forward to a November II........)
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To: AwesomePossum

“Call me crazy.........but, I think it is entirely possible that the 777 point drop could have been manipulated............just as the market is being manipulated right now as we type...........”

OK you’re crazy ... but as they say you’re not paranoid if they REALLY ARE out to get you ;) Yes the Fed is doing a wonderful job of ensuring that the market goes no where but up, for now.

Personally I think that the Rats want the shutdown more than the Repubs (who are scared to death of it given what happened during Clintons watch). The problem is that I don’t think people will have as much sympathy for a bunch of over paid government workers as they did in the 90’s so I don’t see a lot of anger being generated by a shutdown. Especially when you realize that most people won’t miss them, just the parasite class who may not get their welfare checks on time.


6 posted on 02/28/2011 5:07:13 PM PST by trapped_in_LA
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