Open thread: Bush pitches the Paulson plan to America; Update: Paulson reaches deal with Democrats?
posted at 8:38 pm on September 24, 2008 by Allahpundit
Share on Facebook | printer-friendly
9 p.m. ET all across the dial. Here’s your thread to sound off. Video later is possible but unlikely unless he really ratchets up the doomsday rhetoric and I can’t resist. While you wait, a tidbit that’s just crossing the wires. Did Dubya do his pal McCain a solid by dragging Obama to D.C.?
With extraordinary stakes on the line, President Bush has invited both presidential candidates and the leaders of the House and Senate to the White House on Thursday in hopes of securing a bill to rescue the economy.
Bush took the unusual step Wednesday night of calling Democratic Sen. Barack Obama directly to invite him to the meeting, White House press secretary Dana Perino said. An Obama spokesman said the senator would attend. The White House has also invited Republican Sen. John McCain.
Update: Here’s the joint McCain/Obama statement on the need to come together in this trying time in the spirit of etc etc etc.
Update: A “fragile” deal has been struck with the Democrats at least. Durbin expects a bill as early as tomorrow but debate through the weekend; where that leaves McCain vis-a-vis Friday night is anyone’s guess.
Senators described a very somber, serious meeting, with Paulson describing the risk of inaction and working hard to sell the plan to skeptical Democrats during the closed-door caucus meeting. Paulson said unemployment rates could approach 10 percent if the plan was not adopted, senators said, although he did indicate possible receptiveness to the idea of implementing it in stages. Such a plan, Paulson told senators, has worked in countries like Japan, where financial rescue plans were done in stages.
“He talked about the risks in the markets, the risk of the financial system locking up, the risk of companies not being able to borrow money, the risk of major firms failing, the risk of a substantial increase in unemployment,” said Conrad.
Update: Is Jim Johnson going to help prep The One before his meeting with Bush? He’s still advising the campaign, apparently.
Update: The GOP is balking and the Dems won’t jump alone:
Frank added that he believes Pelosi has a minimum threshold of Republican votes necessary to bring the bill forward, but he said he did not know what that number was.
“They’re not even close to having enough votes,” said Rep. Jason Altmire (D-Pa.), a freshman facing a tough reelection. “This has to be bipartisan.”
You must be logged in to post a comment.
Blowback
Note from Hot Air management: This section is for comments from Hot Air's community of registered readers. Please don't assume that Hot Air management agrees with or otherwise endorses any particular comment just because we let it stand. A reminder: Anyone who fails to comply with our terms of use may lose their posting privilege.
Trackbacks/Pings
Trackback URL
Comments
Comment pages: « Previous 1 2 3 4 5 Next »
We can’t even get Nancy Pelosi to have Rangel step down from his chairmanship of the tax committee as he’s being investgation for tax fraud.
What makes you think we can get Dodd and Frank to step down?
Enoxo on September 24, 2008 at 9:21 PM
But…but… where does this leave Harry Reid??? Didn’t Harry (just a few hours ago) tell McCain he isn’t needed in D.C. – just after previously telling McCain his presence was ‘critical’??
Now ‘W’ says he needs to see both candidates, which I guess rudely overrides Harry’s earlier ‘disinvite’ of Sen. McCain.
Poor Harry, always a day late and a dollar short. The type of moronic hack who inspires a lot of confidence.
alwyr on September 24, 2008 at 9:21 PM
I know one family, and their foreclosure is part of their bankruptcy, and they’re STILL living high on the hog and driving better cars that I have. Go figure.
anniekc on September 24, 2008 at 9:21 PM
IrishGirl17 on September 24, 2008 at 9:22 PM
Reid starting to remind me of Talky Tina.
Pianobuff on September 24, 2008 at 9:22 PM
I think we already have. Senators Shelby, DeMint, and Bunning came out strong against this early on. Poor Jim Bunning tho…sometimes I wonder if my Commonwealth’s junior Senator is about 2 weeks out of the nursing home. Love him to death but WOW can he get …um…out of balance sometimes.
Pilgrim on September 24, 2008 at 9:22 PM
No more loans to illegal aliens.
No more loans to people who can’t afford them.
No more bailouts to companys that back bad loans or grant laons to the aforementioned deadbeats.
No bailout to include student loans (of which I hold one) or car notes, as I’ve been reading today.
madmonkphotog on September 24, 2008 at 9:23 PM
I think Britt’s having some fun now.
Pianobuff on September 24, 2008 at 9:23 PM
The loan obligations will the same. Just different knuckle-crackers.
RBMN on September 24, 2008 at 9:23 PM
My God…he still thinks this is a bi-partisan problem. No, it’s a partisan problem…caused by the democrats. Both he and McCain will pay for their inability to say this. You would think he would have learned his lesson from his dad’s ‘read my lips’ moment that cost him a second term.
AUINSC on September 24, 2008 at 9:23 PM
It’s just that we have been focused on the primaries, the Veepstakes, the convention — in other words, beating the dreaded Obama.
In 1988, I was counting the days left for the Reagan administration and wishing they could go on forever. Although I have been a sometimes ardent supporter of W, I am definitely suffering from Bush fatigue.
Terrie on September 24, 2008 at 9:23 PM
Two candidates, two very different solutions.
Mav: Bend over folks, this isn’t going to feel good
BO: Vote for me because I am willing to give you a hand around
David in ATL on September 24, 2008 at 9:24 PM
EXACTLY! Which is why I relocated my whole family to TX. We couldn’t afford a house in SW Florida unless we took a crazy loan, and I knew I wanted a thirty year fixed. Sooooo, instead of being stupid and buying that 600,000 dollar house on a 60,000 dollar income we moved 1200 miles away from my family and my wife’s.
Weight of Glory on September 24, 2008 at 9:25 PM
Nothing will happen to a single Democrat. Especially if the one wins. The media I’ve heard all day mostly make insinuations of McCain responsibility by talking about his one campaign manager being financially connected to one of them. They’ll bang the drum about President Bush being responsible and never say a word about him and McCain trying to introduce reform of the very practices that caused this mess.
And if it gets worse after an Obama victory….
They’ll just say the problem the Republicans caused was just too extensive for the “one” to fix.
hawkdriver on September 24, 2008 at 9:25 PM
Yeah………………. they refinanced twice, spent the money on trips to China and the far east, played poker online, thought they would refinance a third time to make everything OK, didn’t make a payment for a year, and lost the house.
………………….. go figure?
Seven Percent Solution on September 24, 2008 at 9:25 PM
I’ve yet to hear anyone praise anything about Harry Reid; Who keeps voting him into office?
anniekc on September 24, 2008 at 9:26 PM
Carl Cameron said picture this: No deal made by Friday Morning, markets begin to tank. McCain stays in Washington trying to figure out a deal. Obama in Mississippi by himself with reports of the market crashing 500+ points again.
Enoxo on September 24, 2008 at 9:26 PM
ALLAH–you need to post a Hot Air poll.
Bailout or not bailout.
Skidd on September 24, 2008 at 9:26 PM
Anyone think Mitt should be on the oversight committee? Or hell, take the bailout $$$ out of Paulson’s hands and give it to an independent board to oversee the distribution of funds.
We cannot afford to make Paulson a fourth branch of gubmint.
Dr.Cwac.Cwac on September 24, 2008 at 9:27 PM
I can’t believe Bush just implied that the markets and CEO greed were to blame for this. I am beginning to despise him more profoundly than any Kos Kid ever has.
Laura on September 24, 2008 at 9:27 PM
*smack*
Don’t you remember that it only took about 1,700 Khmer Rouge to empty a city of one million people and herd them into the rice fields? Don’t you remember that the USSR gov’t core consisted of 17-45 people at any one time who were responsible for millions of deaths? Have you forgotten that Hillary Clinton, for all her dreaded political machinery, was defeated by some goofy upstart? Are you going to let the media or a lame-duck Republican President’s speech knock your dobber in the dirt? Stand up, my friend! Pick up your dobber and get on offense. Grow a mustache like John Bolton if you need some hair to make you feel like a free American again.
RushBaby on September 24, 2008 at 9:27 PM
How about a little personal responsibility as well??
When I applied for my mortgage four years ago, I had a good idea how high I could go and still have a life. When I was speaking with the mortgage guy, he said “Oh you can afford much more than that”.
I said to him “Not if I want to be able to eat as well”.
I wouldn’t go any higher than I had originally planned.
Other people can’t do the same and figure out what they could afford?
IrishGirl17 on September 24, 2008 at 9:28 PM
I’m with ya but it won’t be Mitt for the moment. Trouble is, whoever we hand the management piece to they will become a defacto Gubmint Agency. A never ending Gubmint Agency. A never ending Gubmint Agency that our Great-Great-Grandchildren will be cussing us about just like we cuss our Great-Great-Grandparents for the friggin’ Telephone Tax which was supposed to pay for the Span-Am War.
Pilgrim on September 24, 2008 at 9:29 PM
I read a news article earlier this year that many our moving to Texas because of the low home prices here. I say, “Howdy! Welcome to Texas!”
terryannonline on September 24, 2008 at 9:30 PM
I agree Laura.
Bush is trying way too hard to “play nice”. The Dem’s have been hideous about this, and deserve to bear the blame.
anniekc on September 24, 2008 at 9:30 PM
Score. Newt on Hannity.
anniekc on September 24, 2008 at 9:30 PM
You and most people don’t understand the American economy. We’ve been on the J. Wellington Wimpy (yeah that’s his real whole name) way of doing business since the turn of the LAST century. Our economy runs on CREDIT. The government runs on CREDIT. Our actual dollars are not backed by anything but a term known as FULL FAITH AND CREDIT. Obviously our economy cannot stand unless we fix the credit problem and re-open the spigot to credit markets.
JonPrichard on September 24, 2008 at 9:30 PM
All of you need to seriously consider moving to Texas.
RushBaby on September 24, 2008 at 9:31 PM
This situation is a negative for Obama – now it appears like he is playing follow-the-leader and being ordered around by the eeeevil Pres. George Bush. Another patented Obama flip-flop after his laissez-faire “call me if you need me” position he took today. It’s a net win for McCain, I think.
Philly on September 24, 2008 at 9:31 PM
McCain is probably going to bring the republicans to the table; so he can be a hero here.
If they play it smart, that is. Which means, they won’t.
lorien1973 on September 24, 2008 at 9:31 PM
Golly Mrs. Bush, never thought I hear that from you! ;)
I still don’t begrudge anything those guys make. If they can demand and get it, more power to them. I **DO** blame their boards for being that stupid however.
Pilgrim on September 24, 2008 at 9:31 PM
Newt coming up on Foxnews.
BallisticBob on September 24, 2008 at 9:32 PM
Yea. He left out the part where Congress passed legislation that would penalize banks if they didn’t make mortgage loans to people who couldn’t afford them. All under the guise of “affordable housing”.
BacaDog on September 24, 2008 at 9:32 PM
Sorry but there is nothing short of a magnitude 10 on the New Madrid fault that will get me out of Kentucky. We’ve been here since it was three counties of Virginia and I’ll think I’ll stick around for a few more decades anyway.
Pilgrim on September 24, 2008 at 9:32 PM
Heh – Welch calls it Murder on the Orient Express.
Pianobuff on September 24, 2008 at 9:33 PM
Pointing fingers at politicians right now would be suicide for the rescue plan. Bush knows what he’s doing. If you don’t believe that just recall how he’s rolled Congress over the past two years on every single major issue that’s come down the pike.
JonPrichard on September 24, 2008 at 9:33 PM
Life used to be so damn unfair!
But now, thanks to this bill, the bliss may continue.
Maybe—for a little while.
FloatingRock on September 24, 2008 at 9:34 PM
The state is beautiful, the people are wonderful, and the weather (sans Ike) is fantastic. Doing everything I can to assimilate, even started listening to George Strait.
Weight of Glory on September 24, 2008 at 9:34 PM
The problem Irish Girl is that you have a brain. If you want to go and research who’s holding the bad mortgages, you’ll find that they’re mostly held by minorities and greedy flippers. It’s the mortgage industry that bears the blame here. And the Dem’s in congress, of course.
anniekc on September 24, 2008 at 9:34 PM
Freaking exactly. My biggest disappointment with President Bush who I supported all 8 years, was his inability to lash out at the press and the democrats when they deserved it. A lot of people think it just wasn’t his nature to be like that, but I think the press and the opposition just wore him out.
On the other hand, he kept his head down against all that critisism and fought the war on both fronts and didn’t give up by bowing to public opinion or polls. He was the best CINC we could have had.
hawkdriver on September 24, 2008 at 9:34 PM
Laura on September 24, 2008 at 9:27 PM
Well, they are plus the logjam called the House and Senate. Who else? Me? You?
tru2tx on September 24, 2008 at 9:34 PM
Hey pilgrim. Which county? I’m originally from Montgomery County, but a Virginian now.
BacaDog on September 24, 2008 at 9:34 PM
IrishGirl17 on September 24, 2008 at 9:28 PM
Amen…I did the same. It sucks, but then throughout history…the creme rises to the top in times of turmoil. I think we are all being a bit dramatic…but good people will win out in the end.
tomas on September 24, 2008 at 9:35 PM
heh
Weight of Glory on September 24, 2008 at 9:35 PM
Bush managed to avoid “blaming” anyone, including greedheads and fools in Congress, the people from banking/investment/mortgage businesses who should soon be headed to jail, illegal aliens who got mortgages and people who bought what they couldn’t afford.
“We gotta save ‘em all, folks!”
His comfortable retirement is now assured.
And we pick up the tabs for him, and all his crooked pals.
MrScribbler on September 24, 2008 at 9:35 PM
It gets me soooooo frustrated when I hear radio ads where people claim some company helped them to settle debt for pennies on the dollar (”XXX company negotiated my $40k debt to $500″).
Soooooooooo, let it be harder for people to get credit. Let’s go back to the days when you needed 20% down on a house with a stable employment background check.
But, like I said earlier. We need to free up the economy to make it more business friendly. Drop corporate and capital gains taxes. More money will flow into the company from foreign and domestic investors. Businesses will expand HERE. Lost review from dropping corporate and capital gains rates will be more made up by an expanded workforce. Free markets do work. Let’s give them a chance. Those that have abused the system need to be punished, too.
Alternatively, Congressmen Linder could use this as a chance to push the Fair Tax (with repeal of the 17th amendment attached!).
Dr.Cwac.Cwac on September 24, 2008 at 9:35 PM
I wish Welch would just bitch slap Colmes.
BallisticBob on September 24, 2008 at 9:35 PM
Golly Mrs. Bush, never thought I hear that from you! ;)
I still don’t begrudge anything those guys make. If they can demand and get it, more power to them. I **DO** blame their boards for being that stupid however.
Pilgrim on September 24, 2008 at 9:31 PM
The CEOs name the boards. Most boards are made up of friends and cronies of each other. It is an incestuous and ugly relationship between the major corporations.
Jdripper on September 24, 2008 at 9:36 PM
I just watched the President’s speech.I thought he laid it out pretty well. I was glad he made the point about making the money back. I also thought it was interesting that McCain and Obama are both going to be there tomorrow.
I know people do not like the idea of all this, but I think it would be a mistake to just blow it off. I really do.
Terrye on September 24, 2008 at 9:36 PM
Or Alaska.
Or Tennessee.
All states with no income tax.
Dr.Cwac.Cwac on September 24, 2008 at 9:37 PM
Thanks Annie. My sister-in-law once said to me “you have to remember that everyone doesn’t think like you do”.
It could be a very scary place if they did! LOL!!!
IrishGirl17 on September 24, 2008 at 9:37 PM
This talking head on Fox…former CEO of something or other…just said folks can’t get loans for payrolls or new cars. Hmmm…if you can’t make your own payroll then perhaps you have larger problems than your inability to get a loan. If you can’t afford a new car…maybe you should save a bit more money?
Please…credit is a LUXURY PEOPLE! and a POISON. For private individuals it’s the single most dangerous thing to your personal finances. We have all, self included in an obscene way, bitten into that nasty apple. Now we get to ween ourselves from it.
Pilgrim on September 24, 2008 at 9:37 PM
I thought the same thing. If you are getting a loan to make payroll, you got other issues going on. I love Welch, but come on, man.
lorien1973 on September 24, 2008 at 9:38 PM
W screwed the pooch on this one! Rather that let barry O twist in the wind, W gave him a ladder, nice going idiot!
dmann on September 24, 2008 at 9:38 PM
We need to have mass migration to one of the blue states and turn it red and vote out Shooooomer and Clinton and Dodd and Frank and Kerry and Kennedy.
SouthernGent on September 24, 2008 at 9:39 PM
Ummm… that was Jack Welch BTW. So let me ask you, if I want to start a business that creates jobs today is it a bad thing to use credit or should I save for years until I have my startup costs paid for in cash?
Pianobuff on September 24, 2008 at 9:39 PM
Family is from the mountain counties; estill, jackson, clay…pike and floyd.
Born and grew up in Fayette. Lived in Mercer and now in Franklin.
Pilgrim on September 24, 2008 at 9:40 PM
Yeah, he shouldn’t have brought Obama on board. that was silly of him, politically. Really helped out Obama there.
lorien1973 on September 24, 2008 at 9:40 PM
That’s adorable. Main thing is, R’s hold practically all of the state level offices, and as a result, taxes are low, foreclosures are low, unemployment is low.
On the other hand, contentment is quite high here. I read a commenter a while back describe Texas’ “elbow room” and thought that was spot on.
RushBaby on September 24, 2008 at 9:40 PM
The truth is there was a lot of greed on a lot of people’s part. A lot of those CEOs were at Fannie Mae and Freddie Mac. But not all of them.
I think it interesting that on one hand people do not like to hear Bush calling a few CEOs greedy, while on the other they rail against any kind of bail out because they think these folks do not deserve it.
It is not about them. It is about us.
People just seem to be ignoring reality here.
Terrye on September 24, 2008 at 9:40 PM
RushBaby on September 24, 2008 at 9:31 PM
I think about it all the time. I miss living there. :(
tru2tx on September 24, 2008 at 9:40 PM
Boy, this all feels like the immigration thing again doesn’t it. I hope they will at least write a finished copy of the bill, and allow us to read it first, you know, for ol’time sake.
Weight of Glory on September 24, 2008 at 9:41 PM
Hey douche bag Obama, Go to Washington, President Bush summoned you…
Your job is to vote NOT to campaign.. got it?
Chakra Hammer on September 24, 2008 at 9:41 PM
I think what he meant was in the context of working capital. Businesses routinely use short term loans, “commercial paper” to finance day to day operations while their operating funds are used for inventory or other investments in the business.
This flow of cash is critical for operations.
BacaDog on September 24, 2008 at 9:41 PM
Funny, I see it the other way around. Bush just saved McCain’s arse by calling that meeting tomorrow. Bush then summoned (invited my arse!) Barry to the White House. Unless he wanted to look like an idiot, Barry has to go.
McCain gets Barry in Washington like he wanted.
The debate Friday? Not sure. I hope it goes forward.
IrishGirl17 on September 24, 2008 at 9:42 PM
What makes you think we can get Dodd
and Frank to step down?
Enoxo Sept 24,2008 at 9:21PM.
Enoxo: Good question! Use the Liberal playbook,protests,
and 24/7 call for these two to resign!
But,without the biased Lefty MSM,ya,it ain’t
gonna happen!:)
canopfor on September 24, 2008 at 9:42 PM
lorien:
What??? Are people just refusing to understand what is happening here? Obama might win the damn election. He could actually become the President. Bush is not doing this for some silly partisan bs campaign, he is trying to avert a financial meltdown. He wants Obama there with McCain to deal with this for the future.
Terrye on September 24, 2008 at 9:42 PM
I’d do just about anything to get rid of Chucky! I can’t even listen to him! UGGHHHH!!!!!!!
IrishGirl17 on September 24, 2008 at 9:43 PM
Newt rocks! He just schooled Colmesy on what to do.
Dr.Cwac.Cwac on September 24, 2008 at 9:43 PM
Pilgrim on September 24, 2008 at 9:32 PM
I hear that I won’t be leaving WV anytime soon either hubby’s family been here since his however many great removed fought with Dan. Boone at Boonesboro.
tee866 on September 24, 2008 at 9:43 PM
Newt is making Skeletor’s head spin now.
Pianobuff on September 24, 2008 at 9:43 PM
What happened?
RushBaby on September 24, 2008 at 9:43 PM
Heh. EKU Colonel here. Lived in Lexington after school then Va.
The main question is…..UK or UL?
BacaDog on September 24, 2008 at 9:44 PM
I’ve been on that side too. Borrowing is a nightmare. Get partners who can use their own money. I’ve had three businesses. The first two I borrowed to get them started. Risky business that. I failed in those attempts because I couldn’t meet the debt payments…not because the business wasn’t doing well. The third and current ongoing concern was started in my garage with the cash in my pocket and that of a partner.
The best of business plans cannot take into account everything. My first plan was weak and the consulting business is a feast or famine thing. The bank doesn’t understand the Famine thing very well.
I am 110% against using credit to gamble. Starting a business is a gamble.
Pilgrim on September 24, 2008 at 9:45 PM
Weight of Glory:
yeah, maybe you can kill it and bring on the Great Depression 2. I am sure that will really make Republicans popular.
Terrye on September 24, 2008 at 9:45 PM
A McCain-Obama bill? Ha ha ha ha ha ha……
What the fark does Teh One know about economics? I thought he and Michelle were having trouble repaying their students loans and kids’ dance lessons?
Dr.Cwac.Cwac on September 24, 2008 at 9:46 PM
Which state do you suggest? I’m thinking Massachusetts :)
terryannonline on September 24, 2008 at 9:46 PM
BacaDog on September 24, 2008 at 9:44 PM
UK all the way
tee866 on September 24, 2008 at 9:47 PM
pianobuff:
It is not just a question of borrowing money, it is a question of being able to do payroll. If banks start to shut down, even people with cash will be in trouble. For one thing, the dollar will lose even more value.
Terrye on September 24, 2008 at 9:47 PM
RushBaby on September 24, 2008 at 9:43 PM
Husband’s job – Oil and Gas – transferred to – ahem – Oklahoma City.
Bitter pill to swallow for UT Grad.
tru2tx on September 24, 2008 at 9:47 PM
Obama knows about economics because MSNBC and CNN and CBS, etal, TOLD you he knows about economics. Please.
anniekc on September 24, 2008 at 9:47 PM
Blow it off? Look at the plan. The taxpayers are assuming all the risky debt that nobody wants to buy at a price well above a generous assessment of market value. The reason they want us to buy them is because they don’t want to pay the real market value. If banks go bust the taxpayers are already picking up the tab for FDIC accounts, that is more than enough, right now they are committing fraud and Bernanke and Paulson are holding a gun to our head at the behest of Wall Street to pay them off at the taxpayer expense. Give them their money or they will cry and panic and cause the markets to go crazy just by what they say. This is a welfare lobby with a lot of influence, the banking industry, its corporate welfare and theft of huge proportions. Don’t buy a lot of the rhetoric flying around because whenever something involves money being given away thieves descend, when that involves one vote and hundreds of billions of dollars, well organized thieves descend.
LevStrauss on September 24, 2008 at 9:47 PM
of course… ;) As much as it pains me…I’m still a Wildcat at heart. I got pretty fedup with the whole thing when Pitino went to UL and supposed UK fans were issuing death threats…DEATH THREATS…against him. That was a hard time for college sports fans around here. I knew people that came to blows over it. Sickening. I haven’t really payed much attention to college football or basketball since. Still…when I hear that UK beat Lousyville my heart swells. Can’t help it. It’s in the lovely limestone water. ;)
Pilgrim on September 24, 2008 at 9:47 PM
No, he’s doing exactly what the socialist’s who created this problem want him to do. If he were really trying to solve this problem and kick-start the economy he would be proposing a plan similar to what Newt suggested the other day.
FloatingRock on September 24, 2008 at 9:48 PM
Yeah and ten bucks says Obama will still try and implement all his taxing plans.
anniekc on September 24, 2008 at 9:49 PM
Terrye on September 24, 2008 at 9:42 PM
1 vote will not make a difference, W just Barney Frank’d McCain by trying to act and look tough like the big man on campus.
dmann on September 24, 2008 at 9:49 PM
Kill it. Let it live. Whatever. I just want my eyes to be able to read it. Is that requirement really a threat to our economy? Can I read the bill, so that I can at least be a little bit more informed on what MY representatives will vote for?
Weight of Glory on September 24, 2008 at 9:50 PM
Obama get yo punk A*s to Washington the Real President has asked to you show up at work and do your job you grifter.
Chakra Hammer on September 24, 2008 at 9:50 PM
I’d like to know the address of the property my taxes are going to pay for…I’d like to keep the grass cut…
d1carter on September 24, 2008 at 9:51 PM
Amen, brother. Amen.
BacaDog on September 24, 2008 at 9:51 PM
Bush screwed up Obama. Obama got told, in no uncertain terms, “Get your ass back here now.” He has to comply. Which means that McCain got the upper hand.
McCain will win.
Sakaki on September 24, 2008 at 9:51 PM
ABC News dot com story headline right now:
Bush Invites Obama to DC for Bailout Help
Limerick on September 24, 2008 at 9:51 PM
Obama is a lawyer NOT an economist.
Chakra Hammer on September 24, 2008 at 9:51 PM
The People’s Republic of TAXachusetts? You must be one of those evil rich people! I hear there are just words and just speeches there.
OT: I had an Obama worker call me on Monday. She I asked what I liked about Teh ‘Cuda. I told her that I liked her record on taxes in Alaska. This twit instantly assumed that my household income was greater than $250k. I live in Indiana. Apparently, if you like paying lower taxes, you must make over $250k according to the Obambi campaign. I guess I’m not patriotic enough for Greasy Joe.
Dr.Cwac.Cwac on September 24, 2008 at 9:51 PM
I’m with ya there. I don’t want this thing passed in the middle of the night with a 15 minute debate.
Pilgrim on September 24, 2008 at 9:51 PM
I’m trying to understand your POV – are you against all forms of credit?
Pianobuff on September 24, 2008 at 9:52 PM
Exactly. In today’s day and age, it’s very healthy for us to have time to read the final product. 24 hrs will do fine.
Spirit of 1776 on September 24, 2008 at 9:53 PM
Lev:
No the reason they do not want to buy them is that there is no money to buy them with in this market and the market is saturated and so the assets are considered toxic. If all they had to do to get rid of them was sell them, they would. That would solve a lot of problems.
The S&L bailout actually turned a profit for the Treasury. This could do if handled properly. If you do not handle it, or deal with it, then credit markets will seize up, more businesses and banks will fail and even more homes will end up on the market.
Terrye on September 24, 2008 at 9:53 PM
Comment pages: « Previous 1 2 3 4 5 Next »