“A little food for the thoughtless, via B.Obama

“This is a final verdict on eight years of failed economic policies promoted by George Bush, supported by Senator McCain, a theory that basically says that we can shred regulations and consumer protections and give more and more to (those who have) the most and somehow prosperity will trickle down,””

Then Obama supports this naked heist, like a complete and utter douche bag.  He is a hollow suit who takes marching orders from the same criminal elites that the other national “leaders” do.  “Change” is not coming.

A little food for the thoughtless, via B.Obama

“This is a final verdict on eight years of failed economic policies promoted by George Bush, supported by Senator McCain, a theory that basically says that we can shred regulations and consumer protections and give more and more to (those who have) the most and somehow prosperity will trickle down,”

Don’t hurt yourself Rightwing!

y RightWing, September 30 at 4:49 am #

You are all a bunch of blind mice. This was and is a Dem. problem from the beginning. Read and listen to the facts on this link, not the fantasy shit that you get from huffpo of cyrena.

~~~~~~~

Hey WRONGwing,

Leave me out of your conversations. I don’t read huffpo, and I’ve not addressed you on this thread or any other.

You claim to be a physician, but you obviously don’t know anything about politics if you don’t know that the republicans have ruled the Congress for at least the past 14 years.

Rightwing,

Nothing has been proven, except in your mind and from the beginning of what?  First of all, it is not my party, the GOP has had eight years of power, so blame it on the folks not in power?  Finger pointing is a cover tactic and when all the chaff is cleared away, maybe your boys Commander Cod piece and Shotgun Chaney will be facing a prison term they so richly deserve, of course it will never happen. But why should you be the only person to live in a fantasy world?
 
Pelosi, is not my choice, you can have her, she seems like a good candidate for the GOP, she speaks and supports you more than me, remember “impeachment is off the table”?

Notice that this bailout ripoff was not defeated by electing Dems over Gops.  It was defeated because the popultion was mobilized by getting ripped off to tell their Dem-Gop reps about it.  That is, the population was threatening the powerful with a loss of power.  The Gops were most affected because the Dems rank and file tend to support the Dems no matter how much their leaders promote anti-people policies, disguised with a pro-people rhetoric.

And this was done despite Wall Street pushing down stocks in an unprecedented way, bringing them back up again today.  This kind of thing was also done by the oil compancies, restricting gas to consumers to double the price in the 1970’s.  Notice how the price of gas dorpped during the election season?  It occurred during the 2004 election as well.  The Invisible Hand determining the temporary price to assure long term political advantage.

But the population’s outrage prevented their reps from being stampeded this time, although the struggle is far from over.  The point is, if this is done once in a specialized case, it can be done systematically if the population were united by a true progressive anti-power ideology.  Instead of the usual crap the learned and mass media, and pseudo-progressive truthers, print and air to delude, distract and confuse the population.

If the simple truth about the prower process were told consistenly from a a people’s perspective, instead of the class-based perspective the Educated, the militarism, class inequality, and deceit of the powerful, and their truthers, could be equally confronted.  This would turn rank and file attention from putting Dems in office to sell rank and file Dems out, to opposing the ENTIRE Dem-Gop coalition funded and supported in the media by the ruling class.

If the population’s outrage can be expressed this once against the banks and financial corporations and their Dem-Gop reps, it can be expressed consistently.  If the population were united by an ideology that opposed oppressive and exploitive power. 

This is the only way to avoid the US being turned into a third world country by the US power system, and by their Dem-Gop agents and truthers.

Leefeller, September 30 at 6:54 am #

After reading your post, I was uncharacteristically nice to Right Wing.
*******************************

Yeah.  Me, too.  Must be terrible being a continual and constant dupe of Fox Noise’s propaganda. Notice:

1) While Barney Frank is described as the committee head Fox tells us he lashed the Sec Treas, but almost in a whisper, that he was “Ranking Member”.  That means he was in the MINORITY and that the GOP controlled the committee, the agenda of it, and what it sent to the House floor.  In other words, Frank could talk but was otherwise held powerless.

2) Fox quotes the years 2001, 2003, 2005, and 2006.  In ALL those years the GOP controlled the House of Representatives—not until 2007 did Frank become the Chairman of the committee.  So….the GOP ran the House. Unlike the Senate, if you have a simple majority in the House, your bills pass. Period.  Again, Fox is trying to say Democrats blocked these bills in the House, when, in fact, Republicans DEFECTED to side with the Democrats.

3) In 2001, the Democrats controlled the Senate, but only by the slimmest of majorities.  They lost that so that in 2003, 2005, and 2006, the GOP controlled the Senate.  While they CAN block legislation in the Senate (though even that, VP Cheney muscled his way through the Constitution to undo), Fox makes NO mention beyond a throw-away quote from Schumer.

Conclusion?  It’s just a big cover Fox is desperately trying to create for the GOP to try, somehow, to stick this mess on Democrats.  Is Main Street going to buy it? I don’t think so.  It happened on George Bush’s watch and he did NOT spend time trying to prevent it.

So…I feel sorry for all the Right-Wing nuts who are trying to get on this boat…it’s too small, too leaky and the waves are TOOOOOO big!

ITW,

After reading your post, I was uncharacteristically nice to Right Wing.

RightWing, September 30 at 5:23 am #

Watch the video and the Dems tell you how safe it all is, that was in 2003

*******************************************

It’s amazing…this argument is showing up all over the Internet and is being made by Republicans, even in my own office at work.  It’s coming virtually verbatim from all these sources.  Why?  Isn’t it obvious?  The RightWing Spin Machine of Fox/Rove and the editorial page of the Wall Street Journal are all pumping this fantasy out there to try to give cover to the GOP.

It’s also pure fertilizer.  Fannie and Freddie are not the architects of this disaster.  Nor did Barney Frank “force” banks to make bad mortgages.  They didn’t force brokers to invent new and insane ways to write mortgages, like the interest-only, increasing principle ones.

But really it’s the cover for the true failure of 27 years of Reaganomics, that assumed ALL regulation was bad regulation and ALL government was bad government (except when they want to tap your phone, mandate public prayer, deny you your rights, or tell you what you can do with the inside of your body).  De-reg hit things like the USDA’s meat inspection and the FDA’s review process.  “Bad Government” meant a CPI and Unemployment index that made Reagan, Bush 41 and Dubya look bad, so they had to be cooked.

The GOP is against Government until it needs Government to save it.  And that means YOUR tax dollars and your childrens’—and grand-childrens.

Rightwing,

Spending your time with the he said, she said means business as usual.  Do you have a real opinion, or is pointing fingers all you can do?

Marshall K,

Agree with you premise, three pages was an insult to the slob on the street, glad they did not roll over on this one. Timing by Bush and cronies seems almost planned.

We need to throw all the bums out. Accountability needs to be installed and Bush in jail. Scooter Libby and Gonzo was only the tip of the iceberg.

Obama should implore Kucinich to take his place.

And this from his home state

When it comes to the Wall Street meltdown, Rep. Barney Frank is considered the engineer of the financial train wreck, a bostonherald.com instant poll shows.

Frank (D-Newton), chairman of the House Financial Services panel, is plastered with blame even more so than President Bush or former fed chief Alan Greenspan.

Some readers argue all you have to do is click over to YouTube and listen to Frank, in the fall of 2003, swear “Fannie and Freddie (are) not in a crisis!” and are “fundamentally sound financially.”

Whoops, guess not.

Fannie Mae and Freddie Mac have been taken over by the government and are under a grand jury investigation.

More than 5,000 responders to a bostonherald.com poll posted mid-day yesterday are calling for heads to roll:

You are all a bunch of blind mice. This was and is a Dem. problem from the beginning. Read and listen to the facts on this link, not the fantasy shit that you get from huffpo of cyrena.

http://mypetjawa.mu.nu/archives/194210.php

Watch the video and the Dems tell you how safe it all is, that was in 2003

What I expect is a huge influx of campaign contributions today from the finance industry.  Obama’s already taken more than $22 mil from them, McCain over $19.7 mil.  Some Reps will be receiving more this week in an effort to gain their support.

When this bailout passes, it will signal that corporatism is officially our form of government.  And one of the ways they’ve been able to usurp the power is to keep us feuding and distracted, busier cursing one another “neo-cons” or “liberals” than concentrating on what’s going on in government and how it’s going to affect us.

Anyone who has bought a car from dealership has had this happen to them:  When it comes time to negotiate, the salesman makes an outrageous proposal: a ridiculously high price for their car and a ridiculously low price for your trade in.  This is designed to knock the customer off their game and sets the tone for negotiation.  It’s an ancient trading technique.  House leaders fell for it when the Bush administration asked for 700 billion with no strings attached.  They did not expect to get it, but it set the tone, and since the Dems have no proposal of their own, they were forced to monkey around with this stinker.  It stunk so bad it failed, with an embarrassing number of Democrats siding with the majority of Republicans.  Time to start from scratch, using a progressive populist approach rather than an elitist rich guy approach.  If there were real leaders in the House instead of Pelosi, there would have been something in the works before.

By reason, September 29 at 3:46 pm

•  “I have yet to hear any economist say the bailout will actually relieve the difficulties facing working class people.”

Reason,

You’re right. It’s because none of the limited language tells us anything about how this will relieve the difficulties that the majority of us are facing. If they were to put a FREEZE on ALL foreclosures, (for at LEAST a year, if not longer) to provide time to re-negotiate mortgages, and do the very same thing for everything else, (like rent’s) then THAT might have helped some. If they could write into the bill, EXACTLY how this 700billion would be spent, and have every dime of it audited by a commission, then that might have provided some relief. The working class needs relief at the grocery store, and relief on their housing costs, and relief at the source of their energy supplies. Those aren’t the only places we need relief, but that’s for starters.

No economist could possibly find a way, (no matter how they try to spin it) to find any ‘relief’ for the working class or the middle class in this bill..not in three measly pages of language that does nothing more than transfer the treasury into the hands of ONE person with ZERO oversight.

That’s why you’re correct here as well:

•  “It may be that the “bailout” that is being promoted as the “only way to save our economy” is necessary but to allow the very politicians, bankers and corporate thieves who promoted the conditions that made the “bailout” necessary to have control over the bail out is beyond stupid.”

The so-called ‘bailout’ actually IS necessary, if only to break the gridlock. Without credit, (and yes, even investment) we’re basically all stuck in the mud. So, SOMETHING has to take the clog out of the wheel. But to hand it all over (in ONE sum) to ONE person/entity will just make for a clean kill, (of the entire population save them) instead of a longer protracted death for us all.

~~~~

On a different note, I think that Inherit the Wind hit it right here:

•  “There’s no simple answer, though lots of posters want to think there is.  It’s taken many years of twists and turns to create this Gordian Knot—but just slicing it doesn’t open the gate, it calls the fort to fall down! There’s one more factor: This bill, while better than Paulsen’s “Gimme the Money” proposal still would have been BAD LAW! “
Yeah, yeah, I know it’s just all too boring for posters with magic wands and ideologies that think pointing figures at ONE object, (because they have no peripheral vision) will identify both the cause and the solution.

This shit didn’t happen overnight, and what ITW identifies as BAD LAW is EXACTLY THAT, and it’s EXACTLY what has led to this. So history buffs, legal scholars, and all interested parties…TRACE IT BACK!!! All BAD LAW originates in TEXASS!!! Those of us who pay attention to the boring details have know this for decades, but for a while, the disease was mostly quarantined. Now, they’ve infected the entire nation, and we’re all having to fight BAD LAW.

Patrick Henry, I’m with you on the hopes that Obama will implore Dennis Kucinich to have a place in his cabinet. He can’t afford NOT to. Dennis nearly ALWAYS gets it right.

Meantime, I’m wondering if ANYONE can fill Ted Kennedy’s shoes.

Allen Krueger
The camps are indeed ready but they don’t expect to have to start using them until things get so bad that people are marching enmass in the streets.  This will be considered and act of terrorism for which anyone can be disappeared according to the law of the land.

According to many on both sides, they did not really know what they were voting for, undisclosed sandwich or not.

What does not seem correct is the way this happened with the snap of the fingers, poof and here it is take it or leave it. 

Not sure what the GOP clowns were upset about, but many Dems did not vote on it either, maybe they did not have time to check it out? 

Bush seems to have been here before. Economic problem has been an ongoing problem, but we were told everything was going great, no problems, seems McCain thought so on Monday last week?  Bush and company tried to roll crap through with his Chicken Little routine before, only this time it sounded as if he was crying wolf, especially when looking at the timing.

BobZ, September 29 at 1:26 pm #

The business press has been falling all over themselves trying to spin the Republican vote and trying to castigate Nancy Pelosi because she blamed the Bush administration for our economic situation. That is a joke - when did Republican congressmen become so sensitive. They don’t seem to have any problems insulting the Democrats when it suits their purposes. Today we saw an ideology at work and it wasn’t pretty. In the name of “unfettered free market capitalism” they are willing to go through a severe recession or even a depression. Not a good day for Americans, and once again we look stupid in the eyes of the world. And John McCain looks particularly bad with his so called “saving” of this bill. Conservatives are constantly blaming a liberal media but oftentimes it is the Republicans who are given a pass.
**********************************************

Pelosi showed today why she is just a plain LOUSY Speaker. I’m not talking about her politcs, I’m talking about doing the job of being Speaker.  Newt Gingrich was far better at it—he was able to get the right-wing-nut agenda through.

But Pelosi, with her speech, added insult to injury.  Every member is up for re-election. Much of this bill goes against BOTH progressive AND Conservative ideas.  So, while the GOP members were being forced to eat a shit sandwich, why’d she have to pee all over them? At that they broke loose.  Barney Frank is wrong—the insult DID matter.  They weren’t too keen on this bill, but metal-mouth Nancy, instead of schmoozing and romancing them, told they were dog-shit.  (well, they are, but that’s beside the point!)

There’s no simple answer, though lots of posters want to think there is.  It’s taken many years of twists and turns to create this Gordian Knot—but just slicing it doesn’t open the gate, it calls the fort to fall down!

There’s one more factor: This bill, while better than Paulsen’s “Gimme the Money” proposal still would have been BAD LAW!

Now the markets will have to adjust…the money has dried up and isn’t there.  It’s not like it’s in a big pile in a vault….there’s a lot more money in the system than there is cash—-many times more.  The Money Supply took probably it’s biggest hit today.

The worst has yet to come.  George Bush:
1) Begins with the biggest intelligence failure since WWII.
2) Gets us into an illegal, pointless war that runs up unimaginable debt.
3) Can’t even protect citizens before a hurricane, but worse, can’t help them afterwards.
4) Can’t even trust an honest US Attorney.
5) Watches and does nothing while the financial system craters around him….until it’s far too late, then demands dictatorial powers to “fix it”.
6) His own party deserts him, like rats leaving a sinking ship, to try to save their own hides.

I saw 228 congressmen who stood up for their constituants.

I wish Kucinich was still in the race, I hope Obama finds a place for him in the cabinet.

I guess we will have to go back to 6% savings interest, 10% down on home purchases, no margins on stock purchases, return to the uptick rule.

There is plenty of money in this country to lend and use to extend credit, the banks just need to operate wisely.

At the risk of being thought a fool, I wonder why the stock market took the big plunge today while Congress was cooking their “bailout scheme”.
Is it possible that it was a kind of Wall Street intimidation? It seems to me Wall Street has been running our country and largely responsible for the economic condition our country faces now. CNN, NBC, etc keep repeating that unless the bailout is passed quickly; not just Wall Street, but Main Street will face catastrophic consequences however; I have yet to hear any economist say the bailout will actually relieve the difficulties facing working class people.
It seems to me that the Bush Administration and politicians of both parties are worried that they will be held accountable by citizens they represent. The window for plausible deniability is closing and many of those responsible for the economic mess our country faces are concerned they will left facing the political consequences.
Banks, insurance companies, stock brokerages and Multi-national corporations have enjoyed deregulation for years, despite the lessons learned from the depression of the 1929.
It may be that the “bailout” that is being promoted as the “only way to save our economy” is necessary but to allow the very politicians, bankers and corporate thieves who promoted the conditions that made the “bailout” necessary to have control over the bail out is beyond stupid.
If there was ever a reason to appoint a special prosecutor it is now. The United States has been like a dog being “wagged by its tail” by those who have no loyalty to any country. And, our politicians act like they never knew. Ask yourself; is it really possible that the politicians never knew?
Intelligence and knowledge can be measured best by the questions one asks. Hopefully the citizens of our country are asking the proper questions.

Gmonst,

You’re right. Doing nothing is not an option, but doing the wrong thing for the sake of not doing nothing is a worse thing.

Most likely what we really need is a short term fix. We need to stop the bleeding so that the patient can go into triage and a decision can be made about how to fix said patient for the long term.

But there is significant scuttlebutt among economists that Bernake has actually been pulling liquidity out of the market over the last week or so. The reverse operation of the plunge protection team; the thought being that if things look bleak enough Congress will be pressured into passing the bailout.

But who knows. In any case, what a shitty way to end our status as a superpower…no going gently into that goodnight for us, but rather straight from the castle to the pigsty.

I have to agree with troublesum that Kucinich got this one right.  He often has really good common sense solutions to these sorts of problems.  He is not going to be president, but so what, when he’s right, he’s right.  All this was getting pushed through too fast, without enough thought and exploration of alternatives.  While some of you may be lauding the republicans on this one, I don’t think they voted against it for good reasons.  Certainly not the same reasons many democrats voted against it.

I don’t have enough knowledge of economics to really know what will happen if nothing is done.  I just know I don’t like the idea of giving big banks handouts and then doing nothing for the ordinary folks who are loosing their homes.  I also wonder how a $700 billion purchase of bad debt would affect the value of the dollar.  I am glad it didn’t pass, this needs to be thought through before anything is done.

This is not about cutting the “Masters of the Universe” off at knees, it is all about keeping the short-term credit market viable so that you and I do not fall to our knees. Let some of us go without a paycheck or two because employers are not extended sufficient credit to meet payroll and I dare say everyone thus impacted will be calling for the passing of this bill.

Republicans can play games all they want in their attempt to be elected come November by being what they think is on the side of the public voting against this bill. The problem is that there is absolutely no way they will be elected by the public when paychecks are all of sudden not being issued.

This sad situation is the result of a deregulated economy and as a direct result the Republican party, known to be philosophically and legislatively responsible for market deregulation, is about to pay an even greater price than Wall Street…....the loss of political power for the next 16 years.

The Demise of the Republican Party

Maybe Dennis Kucinich would be willing to do some tutoring of Obama.  Slogans and set phrases are wearing thin.  The next time Obama says “we’ve got to do something for home owners”, ask for details.  As Kucinich said the Paulson plan had home owners written all over it but when he looked at the details there was nothing there.

Unfortunately troublesum your boy Kucinich is not running for President and Obama is, so who gives a shit what Kucinich says? And all this Pelosi bashing serves only one purpose: to distract attention away from the authors of this catastrophe,namely the Republicans, led so ably by Mr. Alzheimers, McCain himself. This is exactly what the right did in 1929 and it made everything worse until Roosevelt got elected and started doing practical, commonsense things to fix the problems. Ordinary people are going to lose their retirement savings in the mutual funds and the prudentials which will be a human disaster. Constantly talking about Wall St. as Kucinich does is very misleading. The Republicans voted on ideology not on what’s best for the country.

Change may be in the air, not what they expected, FYI

Comments below from Jim Oleske

“An unprecedented volume of mail poured into congressional offices. The events of March 18-24, 1932, in the House were truly remarkable. Prompted by the largely spontaneous outpouring sentiment from their constituents, congressman rebelled against their leaders.”

“After the sales tax was defeated, Congress instead enacted the Revenue Act of 1932, a progressive tax measure that more than doubled the tax rate on top incomes, doubled the estate tax, and raised corporate taxes by almost 15 percent.”

“The Revenue Act of 1932 laid the groundwork for the progressive income tax system that prevailed in America for the next 45 years, as we built the largest middle class the world had ever known under Roosevelt, Truman and Eisenhower (Ike rebuffed appeals from his fellow Republicans and kept top marginal rates above 90%).”

“So here’s the question: what’s the progressive opportunity presented by the defeat of today’s bill?”

“Is it making Wall Street pay for Wall Street’s own bailout by enacting a tiny transaction tax on Wall Street trades, as proposed by a group of House Democrats led by Oregon’s Peter DeFazio?”

Thank you!  The stickup failed, so now the police should come in and let the judge set the bail on the casino capitalists!

Nothing like cutting off ones nose to spite ones face. When pension plans were taken away, substituted with 401(k) plans, that was bad enough. 401(k) plan was thought a brilliant idea at the time. Yes sirree! Unless this deal gets done, PDQ, Americans who hate this so-called bailout will be left with nothing at all in the form of retirement funds. They’ll get to see how far a measly Social Security check lasts each month.

Or was there a vast conspiracy to appear to giveth, only eventually to taketh away? For good. Probably not, but one wonders as wealth continues to be transferred. (Bailout is not a transfer of wealth, despite claims, Dennis. It’s an ugly necessity that indeed should be stringently structured to include any and all re-regulation a la FDR back then.)

Wall Street AND people who couldn’t afford to buy homes (but who bought them anyway as they thought values would sky-rocket before long, such that they could use them as ATMs or cash out) are both responsible for this latest “free” market disaster. Obviously, also deregulation of financing that allowed for insanity.

Some say that capitalism is just fine so long as none gets too greedy. Okay. Based on that ridiculous premise, though real enough under circumstances of an economic system that incorporates appeal to greed as its engine, it wasn’t only Wall Street investors who got too greedy.

It’s the people whose jobs are tenuous or itinerant, on fixed incomes and/or expecting to retire in the next couple-few years who are the real victims of Wall Street’s and homebuyers’ greed. Many of them constituting the vast majority of 40% of Americans who pay rent to small-time vampires. No one in media or in government ever talks of the price renters are paying and have been paying for some time. Remember? This is the “ownership society.” Yeah, except that those who do own do so in part by exploiting the crap out of those who don’t own much of anything, except—for the moment—a 401(k) plan.

Thank heaven the cadillac liberals have failed(for now) in their latest attemt to copitulate to the white house!

But be very weary, for the alternative bill, that is bound to hit the house on thurs or fri of this week will most likely be worse.

I personally think that this is the last deathknell for capitalism as we know it. Unregulated markets have once again proven to be vunerable to that oldest of human traits, greed.

We now have a choice. We could let it be, and see if it fails, and when it does, hope to have enough credit left to fix it. Or we could step in now, and apply a massive government reorganization plan.

Does any one trust the government to fix this?
Well, they could not do worse than the unregulated market did.

Capitalism fall down and go boom! (again)

The business press has been falling all over themselves trying to spin the Republican vote and trying to castigate Nancy Pelosi because she blamed the Bush administration for our economic situation. That is a joke - when did Republican congressmen become so sensitive. They don’t seem to have any problems insulting the Democrats when it suits their purposes. Today we saw an ideology at work and it wasn’t pretty. In the name of “unfettered free market capitalism” they are willing to go through a severe recession or even a depression. Not a good day for Americans, and once again we look stupid in the eyes of the world. And John McCain looks particularly bad with his so called “saving” of this bill. Conservatives are constantly blaming a liberal media but oftentimes it is the Republicans who are given a pass.

Who sounds more knowledgeable about the economy, Kucinich (democracynow 9/29) or Obama?  Obama seems to have memorized a few phrases and slogans.

Scared,

Kucinich quote:

“Well, what we have is a transfer of wealth, actually. It’s a continuation of a transfer of wealth”

Thanks Dennis, a sane person was in the room.  Socialism for special interests.

Where is Obama in this?

Seems accountability may be on the table or is it just infighting?  My congressman voted against it.  Gravy train for the elite needs to stop. Soup kitchens here we come, we are now all going to be to be reduced to fighting over shopping carts.

The timing on this has been suspect, just before recess and the election.  Still they rammed through the money for the wars, with little news coverage.

There McCain goes grandstanding again. I was listening to the radio, and they just broke in with a “news bulletin” which was McCain’s comments on how he tried to bring everyone together to pass the bill.  Who cares?

We will probably end up with something worse than the Paulson plan because now the House republicans will try to get something more to their liking with more deregulation like Gingrich wants.  Enough dems will cave just to get it done and out of the way so that it will pass.  Only 95 democrats don’t like the idea of a bailout and that’s not enough to block the republican plan.

When a government cannot solve it’s problems politically there are few alternatives, none that are pleasant.

We have reached a point in our history, a crossroads, if you will, where the dominate political ideology of the Repubican Party is losing power, and there is not yet a political structure to replace it. But there soon will be.

President Bush is not able to function in is job, and so he is leaving it to his political surrogates to do it for him.

It will be dificult for the Right Wing to accept the fact that their political days are over.

President Bush spent our country into oblivion, his incompetance, and the greed of the right wing, is there for all to see. This economic collapse will be the lasting legacy of the Republican party, for decades to come.

Yes there are a few hold outs who will go down mouthing the phrases that Republicans have used for decades, like limited government, free market, de regulation, all failures at this point.

Like people in insane aslylums who believe they are Christ or Napolean, they cannot be conviced just how deluded they are. But that won’t matter much longer, for soon they will be unable to convice others to flock to their cause. They are done. 
The villagers have their pitch forks, shovels and torches all lit, and they are on the way to the Castle, to demand that Frankenstein be handed over….

And now the blame game.

The blame belongs squarely with GW McBush. 

It will be a long long time before Americans forget, if ever, what this (you fill in the blank starting with F*****G) did to this country. 

What we’re seeing, IMHO, is a people’s revolution.  Reps were inundated with calls and emails against a taxpayer bailout.  The reason taxpayers are against it, in part, is because they refused to be railroaded yet again by the Bully Boy Bush-Neocon Idiot Railroad.  If Bush hadn’t lied us into the Iraq war and scared everyone with WMDs, he could have had a chance at getting what he wanted this time.  This is failed leadership all the way around.  Lame duck, Hell; Dead Duck!

Partly pressure from constituents (that might be a first), partly individual ego trips, partly the threat of losing in the upcoming election, who knows the why of the votes in the House today.

Perhaps in flooding Congress with emails and phone calls expressing their opposition to the bail-out the American people have staged a storm-the-bastille event. Nevermind that no bail-out may result in severe economic hardship for a lot of people - revolutions are always painful - the people are pissed enough to handle the pain. 

(Perhaps we’re not the chicken-shit laggards I’ve thought we’d become afterall.)

Well,

Hopefully, this is the end of the beginning. If the Democrats continue on this course of blindly allowing the shrub and Darth Vader, to lead them, the Democratic Party in the House will fall apart like sand through an hour glass.
Many Dems voted for the “stimulus package,” many Repubs voted against it, but overall the swing votes came from the Democrats, who, looked really looked at the bill and saw that there was no oversight or regulations that were put in place to see that this money did not go the very people who caused this mess.
I am ashamed that the Democratic House has blindly followed the shrub, into the abyss of shredding the Constitution and Bill of Rights. Considering the fallout from the lack of funding, it will be as though the bottom dropped out of the market, yet the Main Street, will not suffer, the effects, because the consumer banks have not placed their money in such things as derivatives and hedge funds that are not insured by the FDIC.  We now need more funding for the FDIC, so that if banks fail, there will be a proper cushion for the consumer.
This bill on the face of it, was an abortion waiting to happen. The very person in charge of the money according to the bill is the person who would be most affected by the drop in the market: Henry Paulson.  In a previous life, Mr. Paulson, was the CEO of Goldman Sachs, one of the companies most affected by this economic “disaster.”
Does it not smell of collusion, and conspiracy when the person in charge of the money will be the one who gets to distribute that money to his cronies on Wall Street?  As Rep. Kucinich, stated in an interview this morning, there is a rotten smell coming from this bill that cannot be gotten rid of. We the people, if we are to bail out these speculators and market directors, should have a say in the way the money is distributed and also have a chance to have our homes and livelihoods not taken away from us due to the mismanagement of the Wall Street denizens. I for one am happy that this bill as it stands did not pass and it should die as quickly as it came into being.

Pelosi got a dose of reality she has little to no power! I’m glad this failed now maybe we will slow down and think about what exactly the Bush Gang is attempting to do.

The banks wrote worthless paper and the banks need to pay the price for their manipulation of the laws and the rules to allow them to write worthless paper.

Amazing, the dems ,the party of the people, siding with GWB, and it takes the house GOP to save the people. You guys are funny, the libs I mean. and McCain’s debate was much better than O’tampon.

Amazing, the dems ,the party of the people, siding with GWB, and it takes the house GOP to save the people. You guys are funny, the libs I mean. and McCain’s debate was much better than Otampon.

They’ve done a tremendous job. There’s been nothing that was indicated that’s wrong with Fannie Mae. Freddie Mac has come up on its own. And the question that then presents is the competence that your agency has with reference to deciding and regulating these GSEs [government-sponsored enterprises]. And so I wish I could sit here and say that I am not upset with you but I am very upset because you know what you do is give, maybe giving a reason to, as Mr. Gonazlez said, to give someone a heart surgery when they don’t need it,” Rep. Gregory Meeks (D-New York) said.

Dennis Kucinich on the bailout this morning on Democracy Now!

http://www.democracynow.org/2008/9/29/is_this_the_united_states_congress

Excerpt:

AMY GOODMAN: Is it any better than when it was first introduced by the Treasury Secretary, by Henry Paulson?

REP. DENNIS KUCINICH: Well, you know, that implies that you would accept the underlying premise. I reject the underlying premise that we needed this bill. And as a matter of fact, that we’re putting this up before an adjournment in an election season shows that Congress is being put under extraordinary pressure to bail out Wall Street. We haven’t looked at any alternatives, Amy. This is—you know, it isn’t as though, if you had a liquidity crisis, that—you know, a real one—that you’d start to look at all the alternatives. We haven’t done that. We have a bill here, a bill of more than a hundred pages, that we haven’t had a single hearing on the bill, you know—on the concept, yes, on what Paulson and Bernanke asked for initially. But, you know, we need to have hearings on this. There’s 400 economists and three Nobel Prize-winning economists who have said, “Whoa, wait a minute! What are you doing? Why are you rushing this?” You know, this thing doesn’t smell right, frankly.

AMY GOODMAN: What do you think has to happen right now?

REP. DENNIS KUCINICH: Well, you know, Congress better get ready with a plan B. If this thing goes down, we need to find a way to help Wall Street pay for its own problems. You can do that with a 20—.25 percent stock transfer tax, cancellation of dividends. You know, make the shareholders and the investors have to pay for the funny business that was going on on Wall Street. Why make the taxpayers pay? You know, the very underlying idea of this needs to be challenged, and frankly, there hasn’t been enough of that going on.

Well, what we have is a transfer of wealth, actually. It’s a continuation of a transfer of wealth. This whole government has become nothing more than a big machine that transfers the wealth upwards with our tax policies, our energy policies, with this fiscal policies, with the war. All the wealth of the country goes from the pockets of the people into the hands of a few. This is a very dangerous moment. You know, it’s the biggest amount of injection of capital by the government in a single time since the New Deal. And frankly, there is no trickle down here. There’s just rewarding bad behavior.

Democrats need to demand Pelosi resign, and everyone should demand that Bush and his entire administration leave office immediately.  The U.S. is fried and we will fall further until these liars and crooks leave it.

Most Gops voted against it, most Dems voted for it.