Tuesday, September 30, 2008
Bailout, To Rescue To Buy-In
You gotta love Liberals like Speakeress of The House Nanny Pelosi and Senate Majority Leader Harry Reid (heh, "leader"). No one - and no political party - is better at using euphemisms and metaphors as are The Dems. And Speakeress Pelosi.
In the course of a little over a week, she has called the Wall Street-Subprime Fiasco that she and her fellow Democrats are SOLELY RESPONSIBLE FOR a bailout, a "rescue" and on Sunday and Monday she was calling it a "buy-in."
Democrats are famous for putting more and more lipstick on a pig. Unfortunately, the pig is still a pig, no matter how much lipstick it is painted with.
As I wrote on Monday, it is the Republicans who are looking out for the best interests of average, Middle Class Americans. The Dems, as they always do, want to saddle the Middle Class with bailing out - uh, excuse me - "buying-in" to billions of dollars of bad debt.
Nowhere is this more evident than in Monday's vote-down of the bill. From Forbes:
In a suspenseful vote of 205-228, the House of Representatives squashed a bill granting the Treasury $700 billion to shore up the U.S. financial system. Clearing the House was seen as the bill's biggest hurdle, and now the proposed bailout is thrown into disarray.
The bill had majority support from House Democrats, at around 140-95. It was killed by staunch opposition from House Republicans, 65-133. The voting was left open for several minutes, while congressional leaders tried to get members to change nay votes, and the tallies shifted slightly but not enough to pass.
September 19, 2008, Democrat Presidential Candidate Barack Hussein Obama, Junior says he backs the $700 Billion bailout.
September 25, 2008, Obama voices support for the bailout.
September 29, 2008, Obama still supports the bailout. This is funny. Obama and President George W. Bush both backing the bailout. This must mean - as Liberals so often say - that Obama is just as much a Fascist as is Bush.
On September 24, Bloomberg reported that a survey showed most Americans do not favor a bailout:
By a margin of 55 percent to 31 percent, Americans say it's not the government's responsibility to bail out private companies with taxpayer dollars, even if their collapse could damage the economy, according to the latest Bloomberg/Los Angeles Times poll.
By a margin of almost two-to-one the American public thinks the government is doing the right thing in investing billions of dollars to try to keep financial institutions and markets secure. Reacting to initial reports of the federal bailout plan over the weekend, 57% said the government was doing the right thing, while 30% said it was doing the wrong thing. At the same time, only 19% of the public believes that the government is currently doing an excellent or good job in handling the financial problems on Wall Street.
When you stop to think about it, it's amazing that it takes no more than a mere $700 Billion Dollar bailout...uh, buy-in....proposed by Bush with Pelosi and Harry Reid agreeing with the president that they love to hate on this issue.
Someone once said, "let the forest burn. The forest that regrows and replaces it will be stronger, better and more healthy." I agree. Yes, it will be hot and the burning embers will last a while. But growth doesn't happen overnight.
In the meantime, we still have the Pig with Lipstick, also known as The Wall Street Fiasco, created by Democrats such as Jimmy Carter, Bill Clinton, Cluck Schumer, Barney Frank, Fannie Mae, Freddie Mac, Pelosi, Reid, Obama and so many other Democrats through the decades. These are the people who need to be held responsible and accountable. They fiddled while the forest burned.
This mess is entirely the fault of the Democrats. From Jimmy Carter's Community Reinvestment Act, to Bill Clinton's repeal of the Glass-Steagall Act. From Barney Frank and Cluck Schumer ignoring years and years of warnings from President Bush, former Treasury Secretary John Snow and former Fed Chairman Alan Greenspan. The Dems ignored all the warnings, every single one of them.
The Dems could have passed the bailout on Monday, all on their own, without any help from the Republicans. Remember this...for all that is good...please, please remember this. The only reason they didn't pass it on their own is because they did not want to be held accountable or responsible. Typical, typical Liberal Mindset.
I am equally surprised and mildly shocked the Repubs didn't cave. Somehow they managed to find a temporary spine.
I think you're Spot On on Bernanke wetting himself.
The other part of this whole fiasco is that the Repubs are being handed this year's election on a Silver Platter and they will blow it. They have almost the full lack of guts that the Dems showed they have on Monday.
I'm "okay" with a shitty two and four years down the road if the 'RATS take the White House and stay the majority in Congress. I'm not pleased over it, but it will finally prove to the "undecided" crowd that the 'RATS are just that, RATS.
And you're right, if O'Fraudy wins, there's a more than good chance that in 2010 the midterms will turn Congress over to a majority of Repubs, large enough so that the Dems will be the silent majority.
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