All aboard the bailout bandwagon? Hell, no! Link to bill added
Scroll for updates…Thanks to N.Z.Bear/Porkbusters for a link to the 108-page draft bill…updated version here…
It’s full steam ahead for the trillion-dollar-plus bailout boondoggle. Washington is euphoric.
If you didn’t already have a sick feeling in your stomach all week, the photos of the late-night press conference announcing that a tentative deal had been struck should make your innards churn:
As I’ve said throughout this past year of stimulus-palooza giveaways: God save us from bipartisanship.
Nothing is on paper yet. The ACORN funding provisions have reportedly been stripped. But God knows what Pelosi/Reid’s draft bill writers will slip into this behemoth before the day is over.
I’d refer you to a copy of the bill, but…there is none.
And there won’t be one for taxpayers to read and analyze for themselves before the bailout mob rushes to pass this unprecedented “rescue” of private industry on Monday. The Examiner has a side-by-side comparison of the broad terms of Paulson/Frank-Dodd/”Final Bill” plans.
Here’s what the WSJ reports:
Those present said the bailout plan still needs to be drafted in its final form, a process staff members were expected to continue throughout the night in what one aide called a “marathon drafting session” in Speaker Pelosi’s office just off the rotunda in the Capitol building. A formal announcement is scheduled for some time Sunday, though an exact time and location was not immediately available.
A summary of the tentative agreement released by Sen. Pelosi’s office said the plan “gives taxpayers an ownership stake and profit-making opportunities with participating companies; puts taxpayers first in line to recover assets if a participating company fails; (and) guarantees taxpayers are repaid in full — if other protections have not actually produced a profit.”
The $700 billion would be available in phases. The first $250 billion will be “immediately available” to the Treasury Secretary, and $100 billion available “upon report to Congress,” and $350 billion “available only upon Congressional action,” according to a summary from the office of House Minority Whip Roy Blunt (R., Mo.), the No. 2 House Republican who was at negotiations.
A summary from Sen. Pelosi’s office said the final deal included “cutting in half the administration’s initial request for $700 billion and requiring Congressional review for any future commitment of taxpayers’ funds.”
Translation: Kabuki theater will occur before the next rubber stamping. Bottom line: No matter how you slice it, Paulson gets his $700 billion and more.
Reminder that the bailout allows foreign banks to partake of American taxpayer funding — and that the bailout plan includes buying student loans, car loans, credit card debt and any other “troubled” assets held by banks.
Thanks to Pelosi, the bailout has expanded even further:
The Pelosi summary also said the legislation will expand the range of firms that can sell troubled assets to the government to include pension plans, local governments and community banks serving “low- and middle-income families.”
More goodies pushed by the Dems:
Other foreclosure-prevention measures include an extension of the tax holiday for homeowners who face foreclosure, as well as a tax break for community banks that held shares of Fannie Mae and Freddie Mac. The rescue plan will allow affected banks to take an immediate tax deduction on losses from investments in the two firms, which were taken over by the federal government earlier this month.
Quoted in the NYTimes:
A senior administration official who participated in the talks said the deal was effectively done. “I know of no unresolved open issues for principals,” the official said.
“Principals” don’t include the people who will be paying for this beast.
How about this for an “unresolved open issue:”
Among the last sticking points was an unexpected and bitter fight over how to pay for any losses that taxpayers may experience after distressed debt has been purchased and resold.
Democrats had pushed for a fee on securities transactions, essentially a tax on financial firms, saying it was fitting that they contribute to the cost.
In the end, lawmakers and the administration opted to leave the decision to the next president, who must present a proposal to Congress to pay for any losses.
Translation: Kick the can.
Conservative stalwart Sen. Richard Shelby isn’t playing:
Some lawmakers have made clear that they will not vote for the bailout plan under virtually any terms. “I didn’t want to be in the negotiations because I object to the basic principles of this,” said Sen. Richard Shelby of Alabama, the senior Republican on the banking committee who would normally be his party’s point man.
Pressed about his role, Shelby replied, “My position is ‘No.’ “
For your wallet’s sake, and your children’s wallets’ sake, pray that Shelby is not alone.
***
Question: Who’s up for a filibuster?
***
Ed Morrissey publishes a “Myths vs. Facts” sheet from a House GOP source.
I’m waiting for the bill.
***
Tom Blumer at BizzyBlog smells blackmail.
Update 4:01pm Eastern…The 108-page draft bill is now available here thanks to N.Z. Bear and Porkbusters…reading now…
Update: The “fast-track” devil in the details.
Update: Most recent version of the bill here.
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Trackbacks
- The Bailout: We Have A Deal?? « Bob’s Bites
- A Small Corner of Sanity - An Online Oasis for Conservative Thought
- The Last 20 Minutes In The Bail Out Movie | Bitter Knitter
- All aboard the bailout bandwagon? Hell, no! « Thoughts Of A Conservative Christian
- When You’re Smilin… | sassafrassin.com
- Plains Feeder: Legislate in haste, regret at leisure
- Plains Feeder: Legislate in haste, regret at leisure
- The Other McCain: Bailout deal reached
- Bailout Deal Reached? | Jeffrey A. Setaro
- (video) Fannie Mae CEO Calls Black Caucus “The Conscience Of Fannie Mae” | BigMouthFrog
- OpenMarket.org » Archive » Bailout Gets More Costly Due to “Bipartisan” Deal; Foolish Limits on Foreclosure Should Be Removed
- Michelle Malkin » Kill the bailout: The “fast track” devil in the details
- David’s Blog of Common Sense » Bail Out Bill Draft
- Bailout Deal Reached With ACORN, And Other Pork Removed | Right Voices
- Media Mythbusters Blog » Blog Archive » Senate Sends $634 Billion Spending Bill to Bush
- The Bailout Fiasco | Axis of Right
- Common Sense Journal » Blog Archive » Bailout Bill is a Socialist, Irresponsible Sham
- BizzyBlog » Hank Paulson’s Blackmail? (Bernanke, Too?)
- Hoping there’s hope « Right Minded Online
- bailout no go, dow drops low «
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Categories: Subprime crisis
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» Quote of the Day [Darleen Click]
Boy you said it!
I hope nobody thinks that Barney Frank will be voted out of office. He’s running unopposed.
I just wrote this. Use as you want.
___________________________________________
The Road to Hell was paved with Good Intentions:
When government assumes the power of charity, politics is bound to follow – and the today’s road to financial hell is strewn with good political intentions and subsequent bad implementation.
Jimmy Carter as President understood that the inner cities were dilapidated, and that the inner city crime rates were related to the conditions under which the poor lived. In an attempt to correct what he saw as a serious national problem, Carter and his allies in the Democrat controlled Congress were able to pass the Community Reinvestment Act. Its purpose was to encourage investment in the inner cities and in businesses that would employ the working poor. While this may not have been the first well intended brick in the road to hell, it was certainly a key one.
During the Reagan and Bush years, the Community Reinvestment Act produced some positive result. Then in the late 1980s, Democrats decided that something needed to be done because some ethnic groups got mortgages at lower rates than others. To correct the problem, Congress changed the Home Mortgage Disclosure Act, and forced banks to collect racial data on mortgage applicants. By 1991, lenders were being painted as racist regardless of their prudent risk management practices. Thus was laid another brick on the road to hell – a potential borrowers assets and credit history became less important than their minority status.
Then came Bill Clinton. The Clinton Presidency, aided in its first two years by a Democrat Congress, changed the Community Reinvestment Act from one of encouragement to one where the banks were required to invest in the inner cities regardless of whether that investment could ever return a dime. Community organizers and activists such as Barrack Obama quickly realized that banks could be sued for inadequate investment. Such suits were like “shooting fish in a barrel” because inner city juries, almost always dominated by minorities, were easily convinced that banks were nothing but surrogates for the American power structure. The next few bricks in the road to hell were now in place, and they were no longer ones of good intentions but ones of political coercion and legal extortion.
In the early 2000s, current President Bush and his key financial advisers warned of the problems with the Community Reinvestment Act and the sub-prime mortgages. Bush proposed to revamp the financial system which contained the Community Reinvestment Act, but the Democrats in Congress made it well known that any attempts to change the Act would result in very nasty politics – the Republicans would be accused of trying to hurt the poor and abuse minorities. Because of political correctness and a lack of political will, the sub-prime mess began to unfold. The next few bricks in the road to hell were built in the kiln of welfare state socialism.
The term “NINJA loans” is applied to “zero down” mortgages given to people who had no income, no job and no assets. NINJA loans were given to the American poor – and also to illegal immigrants who had no identification papers. Some investors saw the advantages in such “zero down” loans and obtained large houses and mortgages under the assumption that the price of housing would always go up. The term “flip that house” became commonplace because the rapid buying and selling of houses was seen as an easy road to wealth. Lending institutions assumed that there was no real problem because housing prices were continually rising even though such rises were wildly out of line with t the cost of living. Further, such institutions could protect themselves from financial risk by relying on the government or selling bundles of “toxic” mortgages to unsuspecting consumers. The next few bricks in the road to hell were now built in a kiln of greed, and hell was in sight.
The entire brick road began to disintegrate under the pressure of rising energy prices and probably some financial complexities that no one but a “wall streeter” or banking genius can understand. Focusing on energy, it takes gasoline to get to work. It takes coal, oil, nuclear, wind, or solar power to produce food and to heat houses. Energy underpins everything we consume, and that even includes the air we breath and water we drink. When confronted by an expensive mortgage and rising energy costs, the American poor, illegal immigrants, and, for that matter, over committed people whose wealth was vested in illiquid and rapidly depreciating assets were in trouble. In many instances, the choice was to dump the property and let the banks take control of a rapidly deflating asset through foreclosure. Hell was no longer in sight, it was at hand.
Hell had some interesting twists to confound the American people. Since many of the sub-prime “toxic” mortgages could not be valued, lending institutions couldn’t decide which person or business was credit worthy. They couldn’t even decide among themselves if they were credit worthy. Lending institutions began crashing into bankruptcy, taking with them the real and imagined assets of “main streeters”. Essentially, what is the worth of nothing in a world of something?. Cash became king – but even the value of cash became questionable with the worldwide revaluation of currencies. Gold, an historic basis for valuation, surged.
This brings us to today. The very people who created the mess through legislation are now the ones vested with the job of solving it. The Democrats in Congress want to socialize everything under the assumption that more of the socialistic ideas that created the mess will somehow work. (As someone once said, one definition of insanity is doing the same thing over and over and expecting a different result.) Republicans in the minority in the Congress can slow action and demand some changes, but they are fighting an uphill political battle against a determined Democrat majority and a sitting Republican President.
When asked about the importance of the financial bailout, Presidential candidate John McCain said about the financial crisis that we are at the end of the beginning not the beginning of the end. Barrack Obama, on the other hand, said that more regulation and more government is needed. And you can bet that under the pressure of the media and political spotlight, more regulation and more government will be the primary solution. As a taxpayer and hard working American, I don’t really care what approach is used as long as the money comes back to me directly in the form of a tax cut.
He should be hung for treason!
I hope it passes and quickly. I am plain tired of all the uncertainty and the bickering and everyone suddenly deciding that they are some kind of financial expert. If they were, they’d be down in DC instead of posting somewhere. Since it’s all a gamble, I’m gambling on the bill doing what it’s supposed to.
I and many of the citizens of our little military town to include the active duty folks that didn’t deploy to the war zone this month (our Wing’s turn in the barrel again) are extremely unhappy about this sellout of the American taxpayer. Many are talking about this being the end of the Republic we have all vowed to defend. The wife and I have absolutely no faith in the same people that caused this problem to provide a workable solution without turning the American taxpayer into indentured servants (violates the 13th Amendment) to pay for the greed and corruption of the lying crapweasels in Congress and bankers (foreign and domestic) to pay for this socialization of the lending industry.
I dropped by the local gun store yesterday on my way home from work and it was swamped with women looking for self defense hand guns and men walking out with rifles and shot guns (mostly for home defense), but hunting season is about to begin in Idaho. I will be dropping by tomorrow night after I get off work to order another AR-15 to add to the family arsenal.
I am really having a rough time forcing myself to go to work and suffer through the extended hours required to close-out our Wing’s budget. Finally got some time at home to express my outrage too instead of trying to hold it all in! I am really getting tired of writing to and calling my two Congressmen and Senators, but they will hear from me a lot tomorrow to stop this pork laden screw job.
I agree with brooklyn red if this POS bill passes into law war will be coming……
Might be a bit late by then. They supposedly want this passed before the overseas markets open, or it may be too late to make a difference (apparently). The New Zealand market opens in half an hour, although it is relatively isolated. The Sydney (Australia) market opens in about 4 hours.. less actually. That’s a major market. They’ll have something through by then I imagine, or the dominoes may well start falling, and once they start..
Expect something very soon is my guess.
Right, we should all relax and let the “financial experts” Frank and Rangel and Pelosi take care of things down there in DC.
Chavez says crisis-hit U.S. needs new constitution
So Chavez visits China and Russia and says we need a new Constitution. The Communists have already written a new Constitution for the United States, and if Obama steals the election, he will push for a revolution to replace our Constitution. Look back at all of the references to the American Revolution that Obama has made in his speeches.
Yuck. Anytime you see harry reid smiling from ear to ear like that… you know it’s a bad day for America.
Oh, great. Now we get to pay for all those local governments that have bankrupted themselves with exorbanent retirement promises.
Well it’s the same thing here in Montgomery Co. (MD) or Fairfax Co. (NoVA). But have you ever been to Northwestern Ohio or Michigan? Well I went there 2 years ago, and I was shocked by the level of poverty in these areas and the physical signs of deterioration (Toledo, Columbus, Cleveland…). That’s why we need more socialism in this country, so that more money can be transferred from wealthy areas to poorer areas.
They are ALL horrible leaders. Lyndsay Ghramnisty and Barney “Fag” wouldn’t even be believable on a TV sitcom with a laugh track.
I grew up thinking this was a great country… go figure.
On September 28th, 2008 at 4:35 pm, edelweiss said:
Fixed it for ya, you sick tyrant.
I’m no lawyer or economist, but having read but a few pages of the draft, I got an uneasy feeling that this bill will encourage risky debt even more than before. Instead of having an implicit guarantee of the Government’s backing, we now have a solid guarantee of the government’s backing. Seems to me that any lending institution will be able to off-load any questionable debt to the government.
The dems made one huge mistake when they included funding for ACORN. It called everyone’s attention to it. Although it has been taken out of the bill, there has been enormous coverage given to that corrupt organizaton, and now the media (at least the honest part of the media, namely FOX News) has picked up on it and is reporting on all the voter fraud going on right now. If the MSM doesn’t cover this story, it will be even more proof of their incredible dishonesty and bias, not that we need any more proof! I am glad that ACORN is finally getting looked at more closely. This is a very big story and the masses need to know all about Obama’s connection to it.
Boomer, thank you for your support re: I agree with brooklyn red if this POS bill passes into law war will be coming……
But mind you I did not say revolution I said war.
And I don’t mean civil (although that too may be in the cards). The powers that be need an enemy to focus on, and Iran looks about right (not that the bastards don’t deserve it).
Washington needs a scapegoat as a distraction right about now… but hey, if blowing that goat’s ass up means saving my 401k, well so be it.
I’ve been out of the loop today.
Is the ACORN stuff still in this travesty of a bill?
On September 28th, 2008 at 4:35 pm, edelweiss said:
And by the way, who do you think is in charge of those cesspools?
Sick collectivist tyrants such as you.
Abyssus abyssum invocat!
Chavez is a nut. “Replacing” the Constitution is never going to happen.
If Dopey wins, and continues with his socialist revolution crap, I’m sure there will be millions who will gladly mobilize to show hims a what a real “Millions of Patriots” March looks like.
On September 28th, 2008 at 4:45 pm, brooklyn red said:
I’m in favor of the civil option myself.
Videtis quantum scelus contra rem publicam vobis nuntiatum sit!
Yes, that’s it!! the government forcibly takes money from people who earn it, and
gives“transfers” it to those who don’t.So, let’s “give” $100K to all the poor people in Columbus or wherever. What will they do with it, Edelwiess? From experiience we know: they will piss it away. Just as happened after Katrina.
“Money” isn’t those people’s problem. the welfare state, bad education, the lack of a work ethic, the lack of stable two-parent marriages, AND the fact that certain industries have disappeared. But “money” from the government won’t bring them back.
“Money” can’t force adults to learn to read and write, let alone learn basic work skills. “Money” can’t create jobs, if skilled labor is absent
Oh and edelweiss, since you’re a swiss: why didn’t you move to any of those poor places to help them get back on their feet, instead of living in an area that’s absolutely dependent on government employment?
Why don’t other immigrants, legal or not, move to those poor places once they get here?
Seems obvious, eh? Well, why can’t the Americans who already live there move someplace else where opportunities are greater? After all, it’s what blacks did by the millions after world War II.
and oh yes: how is socialism working out in the French banlieus? How many cars were burnt this month? How many policemen were shot?
On September 28th, 2008 at 4:48 pm, RogerCfromSD said:
He will. There will.
Summum ius, summa iniuria!
They’re smiling because they know they are on the verge of a bloodless coup. They and their socialist benefactor, George Soro will have succeeded.
On September 28th, 2008 at 4:54 pm, fulldroolcup said:
I agree with your forecast, but the argument would be better cast in terms of enslaving those who are responsible to those who are not.
Collectivism is about enslaving mankind, not about improving the lot of poor people (or anyone else, for that matter).
O praeclarum custodem ovium lupum!
FilmLadd said:
I’m in favor of the civil option myself.
Videtis quantum scelus contra rem publicam vobis nuntiatum
Well Ladd, you might just get your wish… I remember when talk like this was just crazy. But I just went to the local supermarket & canned goods just aren’t available… oh my.
On September 28th, 2008 at 5:03 pm, brooklyn red said:
Not gleeful about it, mind you… it’s frankly a horrible prospect. But the prospect of even greater slavery by the State through such actions by the collectivists may prove even more horrible.
Facilis descensvs averno!
happyscrapper said:
They’re smiling because they know they are on the verge of a bloodless coup. They and their socialist benefactor, George Soro will have succeeded.
happy, Americans are slow to anger.
I am hearing that Obama’s team is claiming credit for authorship of the bill?????????
Thank GOODNESS the ACORN funding was stripped from the bill! I called my senators and railed against it, asking how in the world they could sell out American to, of all groups, ACORN. A moment of sanity. Now if the rest of this could only go as well.
I’m tired and angry. It’s time (like in the debate Friday nite) for McCain to unfurl the REFORM flag and let Sarah Palin speak about the corruption, graft and liberal dem partisanship that Obama represents via Fannie-Freddie, the Wall Street debacle, ACORN, Chris Dodd, Barney Frank, Frank Raines, Jim Johnson, etc.
Enough is enough.
Get it done and give taxpayers a TRUE option in this election.
Check this out : Subprime crisis explanation by The Long Johns ..8 minutes, and very entertaining.
Pelosi is speaking now. From what I can gather she has a new definition of bipartisanship: House and Senate democrats agree.
By the way in Section 122 there’s an increase to the public debt limit. I don’t know what the original figure was but if this bill is put into law it will be $11,315,000,000,000.
Yes obama is taking credit for it, and I’m sure the Dems will go along with it. And the Republicans will sit there with there thumb up their butts saying nothing. I’ve heard nothing from McCain or republicans today. But I’ve seen no less the 5 Obama commercials during football. McCain better get it together.
I notice that the One is now hedging his bets on this bill that is supposedly the plan that he recommended two weeks ago. At least, that what he said to Stephanopolous this a.m. Paraphrasing: “It was all ME, ME, ME!! If it wasn’t for ME, ME, ME, nothing would have been done that would help the American people. Does John McCain get any credit for this? NO, NO, NO”.
And now he’s “hoping” to approve the bill? His own bill??
Only the devil himself could fool this many people this much of the time.
Here in the big red (barely) central valley of CA, the Fresno County Fair is about to open. This year a new exhibit will be reminding the attendees of the incompetence of our state legislature (budget 85 days late) and our incomparable idiots in charge of the economy at the federal level. The most awesome feature of the new exhibit is the depiction of the process of turning cow flatulence into digester gas. A large megaphone will sound off the sounds of cow flatulence every 30 seconds. I am really looking forward to it. I will think of Barney Frank, Chris Dodd and other corrupt members of house and senate while listening the music of the cows. What really burns me the most about this whole bailout mess is that the dems will get away (in the public mind) with blaming everything on the failure of deregulation and lack of oversight and no blame going the them for their wonderful contribution. Gimme a Howard Dean AAAAARRRG. Nobody in my generation knows what true Republican Conservatism looks like because it has been absent for so many decades.
I’ll forgive you for being so clueless, as you just don’t understand HOW and WHY those depressed areas get like that.
You are such an abject fool, young and stupid, crying:
MOAR SOCIALISM
Good heavens.
Places that are cesspools like the ones you mentioned got that way under strong Democratic leadership. They believed in strong unions, corrupt local governments, punitive taxes…and the people who could save the area LEFT THE AREA. They left the clueless dolts (you know, people like you) who kept wanting larger and larger handouts. An area can’t survive when nobody is there to actually produce revenue.
I’m glad our country is an open place, and allows open discussion with idiots like you.
Very interesting C-span video showing parts of a Capitol Hill hearing on Fannie and Freddie. Some of the same people “fixing” things today said there was not a problem in 2004. Sorry if this was already posted somewhere.
http://www.youtube.com/watch?v=_MGT_cSi7Rs
Acorn and La Raza will now immediately open a “community bank.”
I hate the Congress.
After watching the Pelosi/Reid “status update” on the bailout, I have to vent. First, nobody is going to stop some form of bailout from happening. Conservatives (of which I am one) have to accept that! As it stands now, every time we get a “status update”, half of it is spent bashing the Bush/Republican policies and the other half is how the Dems are saving the world for the middle class as we know it. They keep re-hashing the debunked “Presidential Politics” line. The Republican response: nothing! No mention of the Democratic Community Reinvestment Act which led to the crisis. No mention of the Bush and McCain efforts to rein in Freddie and Fannie. No mention of McCain’s efforts to bring the House Repubs together. Meanwhile, McCain is slipping badly in the polls. WHEN ARE REPUBLICANS GOING TO START FIGHTING BACK?!
On September 28th, 2008 at 5:36 pm, spypeach said:
Obama’s lemming constituency/his international socialist puppet masters gave him money to saturate the airwaves with commercials.
McCain’s side complained about daddy yankee and shot themselves in the foot.
Have a look at this video and see what we are going to empower with an Obama presidency.
Here, not too late to buy some air time.
Obama commercial number 6 so far today. McCain still zero
If the Republicans allow themselves to get blamed for this than they deserve it. I expect nothing from the MSM but the complete lack of a Republican response to the Dem’s LIES is astounding. If they don’t start hitting back HARD they are done and they deserve to be.
On September 28th, 2008 at 4:30 pm, ErinF said:
I agree 100%. Reid and Pelosi are Communists, and any time they are smiling, they think they’ve won a victory for Socialism/Communism in the USA.
The thing is, the Communists want Obama as President so badly, that they will wreck the economy between now and the election no matter what, in an attempt to convince people that Obama is “CHANGE We Need”.
Passing this bill will NOT help our economy. It only gives Socialism an even stronger foothold in our government, which means a worse, not better, economy.
What Should Be Done To “Workout”, not “Bailout”
Filibustering this bill will take “Profiles in Courage”. I pray that at least 41 Senators have the scales fall off their eyes and see this bill as the Socialism that it is, and take a Ronald Reagan approach to the issue:
Push for a repeal of Sarbanes/Oxley. It has done more harm than good. It would make Reid and Pelosi’s heads explode to even think about repealing SOX…which is confirmation that we should repeal it. Mark to Market is a bad idea, and allows people like Soros to lock up our economy.
The best thing we can do right now is follow Mike Huckabee’s advice.
The next best thing is to filibuster and do nothing.
The worst thing we can do is pass this bill.
As a comparison to the figure mentioned in my post above, the entire GDP for the United States in 2007 was $13,220,000,000,000.
As far as I am concerned, our congressional “followers” are committing political incest.
The anti Christ is soon rising to power.
The mission of the demoncraps is to usher him in.
What a start, huh?
On September 28th, 2008 at 4:48 pm, RogerCfromSD said:
Who is “Inspired” to “Bring an Empire to its Knees”?
Connect the dots between Pelosi and Chavez
ACORN and the Communist Party USA
Senator Obama does not fit the definition of the Anti-Christ.
On September 28th, 2008 at 6:18 pm, ITookTheRedPill said:
Spot on. It also will eventually lead to force of arms, or permanent enslavement to collectivism.
Hoc tempore obsequium amicos, veritas odium parit!
edelweiss
Having been born and raised in Cleveland I consider myself very knowledgable about it. Let me help you with a few things:
1. Cleveland is in northeast Ohio, not northwest. You should try learning the geography of your own country as well as you do that of Europe.
2. Cleveland has already been in the hands of the Democrat-Socialist party for around 30 or 40 years. Dennis Kuicinich was even mayor back in the 70’s. The city went broke after about a year and had to be bailed out by the state. That poverty and deterioration you saw are the direct result of a city that has been dominated by Democrats and unions.
3. You seem like somebody that prides herself in her commitement to diversity. Did you go out and try to pass some time milling around Shaker Heights or East Cleveland to show your commitment to diversity? I doubt it as you would probably not be blogging here today. BTW, about 40 years ago those areas were solidly Republican areas. Crime was almost unheard of then in those neighorhoods.
Now, I am taking a wild guess here but it seems to me you come from a fairly well-off family. Since you want to tranfer wealth to the poor why don’t you suggest to your family that a large part of it be transferred directly and voluntarily to help somethose poverty stricken areas. Or did you mean tranferring somebody elses money?
It is not enough to take the ACORN funding out of the bill…
We must take the ACORN funders out of the government!
We must take ACORN out of existence!
…covers student loans, car loans, and credit card debt??
Goodness, people shouldn’t be taking out loans to buy cars (that means they can’t afford those cars!) and using credit cards to buy things they can’t afford in the first place. But if they do, WE’RE supposed to pick up the tab when they default?? I don’t THINK so! The bank takes that risk, and that’s where the risk belongs. The BANKS are the ones giving credit cards to dogs (oh yes, it has happened unbeknowndest to them) and dead people. Therefore, the bank should suffer when they choose to do dumb things, not have the taxpayers pick up the tab for their idiocy!
Where is McCain? Where are the Republican leaders?
We flap our arms and scream at the top of our lungs, all the while McCain and his advisers are handing the Presidency to Obama.
BHO should save his money; he doesn’t need the advertising. He’s got every other Democrat and the entire MSM and 90% of cable news to do his bidding, all for free.
Forget the FEC violations. Forget any laws at all, for we know that it is only when a Republican lies that it is newsworthy, or when a Republican breaks the law that it is newsworthy.
We get the government we deserve.
I’m so weary from fighting; it’s getting hard to even care anymore, which is of course the strategy of the left all along.
Oh yeah, and before I forget (acknowledging fully that this is off topic), here’s Russia’s latest effort to draw us into a war, after the Georgia invasion failed. Mahmoud and Vladimir are busy, while the US fiddles.
I know what you mean. I took Thursday off, I refused to watch, read or listen to any news.
Disgusting how Pelosi and Reid laid this debacle solely on the President’s shoulders. I suppose Fannie Mae and Freddy Mac are his fault, too.
Of course, where is he to rebut these bald-faced lies? Where are loud, “ungentlemanly” Republicans to call the liars out?
I have never cursed anyone before, but Pelosi and Reid require some kind of retribution for their treachery.
Pelosi… May a herd of a thousand camels turn to you in lust.
Reid… When you die, I hope your mortician dresses you in an Aloha shirt, Bermuda shorts, and a Che beret.
There. I feel much better.
Fixed it for you, socialist pig.
When I saw that cadaverous smile on Pelosi, echoed by Schumer and her other minions, I knew we were screwed, too. What in God’s name happened to Boehner, DeMint and other handful that said “screw this bill!?”
After hearing about this essentially “done deal” this morning, I wrote to Pelosi, Boehner, DeMint, Warner and Webb (yuck). The last two are my sorry excuses for state sentaors. Warner is too apathetic to care anymore, since he’s not running for re-election, and Webb is a belligerent bully/socialist in training.
To Pelosi, I told her there would be a special ring of Hell reserved for her — even hotter than the one she was supposed to get for her heretical views on abortion re the Catholic Church.
To the rest, I told them by voting for this bill they would be in good company — they’d all lose their jobs during their next re-elections.
And as for Bawney Fwank running unopposed, I bet someone could ask to be added to the ballot now if it’s not too late — and win hands down!
Getting back to that comment about filing suit against the government, Michelle, you’re an attorney, aren’t you? So is Ann Coulter.
Napolitano said there’s no way a suit could lose. This is spelled out in the Constitution.
And if activist judges ruled against you (Heck, you could name ALL of us in a class-action suit), at least enough voters in this country would know who fought for them when they were being raped.
I have cited H. L. Mencken’s quote
The operative word might be despair?
The pix show the glee on the faces of the leaders of the American Socialist’s party. One step closer to American Socialism is one step closer to Marxism.
With the current corrupt and cowardly leadership of American Conservatism, It’s only a matter of time.
http://www.justsaynodeal.com/acorn.html
And
http://www.rallycongress.com/americansforleadership/1228/a-call-to-the-house-and-the-senate
Maybe someone here could please explain to me why:
1) if Senator Dodd is Chairman of the Senate Banking Committee why didn’t McCain in the debate blame him for not telegraphing this financiaql crisis long ago?
2)If Senator Frank is chairman of the House Financial Services Committee why didn’t McCain in the debate blame him for not telegraphing this financiaql crisis long ago?
3) Why didn’t McCain complain in the debate about Reid trying to slip in money for Acorn?
I guess i don’t fully understand but i believe someone here could educate me. All i see are democrats on tv calling republicans unpatriotic and claiming their success. Are republican leaders not aware that they are being trampled?
Is it just me, or do all these people in Washington make everyone sick to their stomach?
Sandyb…I know it feels good to write to the crapweasels and tell them how you feel. But we all know, no one is listening or reading any of the mail. They are ignoring us, as always. The only time they pretend to listen is at election time. There is something we can do, but it will take a huge effort. We need to rally every single conservative in every single state to get out and stump and make sure the democrats in Congress loss big the next time they are up for re-election.
http://www.youtube.com/watch?v=H5tZc8oH–o&feature=related
Everybody and their brother will be sticking their finger in this plum pie.The SOBs that caused MOST of this problem are the SOBs “solving” the problem. Hold on tight good people, keep you hands inside the car for we are in for one hell of a ride.
America First, America Alone, America Come Home.
My broker just told me to buy stock in Nissan Foods, they make Ramen Noodles. That’s all we will be able to afford time congress is done with this bill.
Rahm Emanuel is on Fox right now blaming this on the administration oversight. Not one word of congressional over sight failures. Public hanging is too good for them.
Nonpartisan Fact:
For two years, the Democratic majority in Congress gave them chairmanship of each congressional committee in Washington DC, including but not limited to:
Banking/Financial Services (Barney Frank D-MA)
House Ways & Means Committee (Charles Rangel D-NY)
Committee on Government Oversight & Reform (Henry Waxman D-CA)
Energy & Commerce (John Dingell D-MI)
Nonpartisan Fact:
These are all money committees.
Nonpartisan Fact:
Members of Congress on both sides have had knowledge of the crisis attendant to the “affordable housing” and subprime mortgage pressures imposed upon banks and lending institutions
Nonpartisan Fact:
As legislators, they have had the power to offer legislation to correct the problems of which they were warned for years.
Nonpartisan Fact:
For the past two years, the Democrats have held the majority of both houses of Congress, giving them an advantage in offering and passing legislation that could have stemmed or altogether prevented the collapse of the US economy. Instead, they did nothing but investigate the Bush administration and for what?? Nothing.
When I find a report on what the Democrat-led congress did, or tried to do to get out in front of this thing and prevent this from happening, I will eat my SF Giants baseball cap.
That is so exactly how I feel at this point.
Republican leaders should be begging us to help them fight the propaganda machine, not the other way around.
GOP leadersd are on Fox speaking now.
Edelweiss #104. If you practice medicine in the same fashion you practice economics all you patients will be dead on their first visit.
“Physician, heal thyself.”
This line says it all.
And any time Reid or Pelosi are smiling, know that you are about to get screwed.
I’m sure their best staffer is working on the draft. Ben Dover.
I’m listening, but I don’t hear them blaming Democrats for failing to get out in front of this, which would be an appropriate and truthful counter to the lies and deceit put forth by the Dems. 5 minutes into it, they just now mentioned him, and Boehner is stumbling over his words. Weak, weak effort to give him any credit.
I’m sick to my stomach.
“..mentioned McCain..”
Sorry.
I know vivkisoup. I don’t understand it either. It will be interesting to see what happens tomorrow.
I don’t know if I would use the word “interesting.”
Try “disastrous, catastrophic, devastating or ruinous.” Those all seem to fit better than “interesting.”
I have decided this weekend that I will be voting for the Constitution Party. The Dems and GOP have betrayed the constitution and we need to do something to return the government to the role the Founding Fathers had in mind in 1776.
I am convinced that if they saw what was going on in this nation today they would mount a second revolution.
If Reid, Pelosi, Frank et all are smiling over this … it’s bad for the country.
As for the RINO’s who enabled this piece of trash … say “goodbye” next election, morons.
Wonder what their new approval rating will be after this catastrophe?
Hell won’t be big enough for these people.
I hope the Devil made it worth their time and energy since they have accomplished NOTHING this year.
What sort of “emergency stabilization act” can we expect in 20 or 30 more years when they have to pay out monthly Social Security checks and they finally admit they are $50 trillion short?
If you think this weekend looks bleak wait for that. Of course, that assumes we will still be able to logon to michellemalkin.com to get the facts….
Dang….I was planning on not voting this year..(I see it as endorsing a broken system. Basically the dems and the repubs are two branches of the same collectivist-ruling elite)….but I may have to go play in the voting booth…write-in candidates, vote against any collectivist measure on the ballot, etc….
It won’t do any good but may salve my conscience…
Or I might just get so disgusted that I go back to my previous non-participatory stance. Hunting squirrels and prairie dogs might be a better use of my time……
I don’t know about you but my approval rating for these clowns at both ends of Pennsylvania Avenue went negative several months ago. They have destroyed the nation. We got to watch it here, this weekend.
On September 28th, 2008 at 7:37 pm, mlnicosia said:
I have been warning for months that there is a distinct possibility that McCain is a trojan horse…someone who spent years under Communist indoctrination and has a track record of supporting the issues that are most important to the Socialists/Communists (like McCain-Leiberman AGW taxes, McCain-Kennedy amnesty for illegal proletariat, and McCain-Feingold limitations on free speech).
Perhaps McCain is not fighting for our side because he is secretly fighting for their side.
In my opinion it appears that Barack Obama is a RusCom and both Hillary Clinton and John McCain are ChiComs.
Things would be very different if Mike Huckabee were our nominee right now.
I am so tired of these weak-kneed Republicans. Just when it looked like they were getting some cojones, they sit back in silence and let the Dems have the stage with their un-refuted lies.
Just once I would like to see a Rep step to the mike and say “Harry Reid, you are a LIAR!!!!”
I heard on FOX from a reporter in Washington, that those Republican’ts that are not up for re-election are the very ones voting for this bail-out.
Sacrificial lambs? What a sellout.
Everyone in the posted photo makes me want to vomit.
Whenever there is a smile on their pig faces we, the American citizens are getting screwed…………again.