Palin: We need a bailout, although we might not need this bailout

posted at 3:42 pm on September 24, 2008 by Allahpundit

Where does the Paulson plan stand now? An unnamed McCain advisor says it’s dead, Paulson himself says it’s looking good, and Politico says it’s likely to be scaled back with $150 billion up front and a promise of more funds to come if the plan works. The latest poll has the publicly roughly evenly split, but watch for that to jump tomorrow after Bush puts the fear of God into us tonight with rhetoric about a “once in a century crisis.” Our three lefty readers who don’t believe him might find Warren Buffett’s assessment more to their liking.

The clip, of course, comes from the ‘Cuda’s interview with Katie Couric tonight on CBS. We’ll open a thread for that shortly before 6:30 airtime.

Update: Jack Welch also supports the bailout. “I now believe we are in for one hell of a deep downturn.”


Watch CBS Videos Online

Breaking on Hot Air

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

Go Cuda!!! Hopefully Katie Couric won’t be as obnoxious as Gibson.

Unrelated news – what the hell is going on with McCain wanting to delay the debate tomorrow to “focus on solving the problem?” You can’t delay the debate – that just makes him look timid and look like he’s stalling.

Outlander on September 24, 2008 at 3:44 PM

Team Maverick plan is to negotioate a middle road, is my guess. probably smart

jp on September 24, 2008 at 3:45 PM

The McCain Campaign seems to be setting the standard and taking the lead. I am waiting to see the other candidate, er what’s his name, make a statement that reflects a form of unity. I hope that when this is over, those directly responsible for this crisis are marched out of Washington to the beat of a slow drum.

mindhacker on September 24, 2008 at 3:46 PM

Unrelated news – what the hell is going on with McCain wanting to delay the debate tomorrow to “focus on solving the problem?” You can’t delay the debate – that just makes him look timid and look like he’s stalling.

Outlander on September 24, 2008 at 3:44 PM

To whom? He’d kick Obama’s ass. That’s for discussion on another thread though, I guess.

capitalist piglet on September 24, 2008 at 3:46 PM

I think an oversight committee of 3 members, Mitt, Blooms, and Buffett might be a winning plan. And not all upfront makes sense as well.

Spirit of 1776 on September 24, 2008 at 3:46 PM

So Buffet invests $5 billion in Goldman Sachs then hours later demands a bailout that would jack up financial stocks across the board?

Hmmmmmm…..

Chuck Schick on September 24, 2008 at 3:47 PM

She likes it…but she doesn’t like like it.

Weight of Glory on September 24, 2008 at 3:47 PM

“once in a century crisis.”

Isn’t that what they said when interference from Washington drove the S&L’s into bankruptcy?

MarkTheGreat on September 24, 2008 at 3:48 PM

Whatever happens, it is not “politics as usual.” It looks like he is taking the lead and stepping into this mess to try and fix it. Such a move is consistent with “Country First” and since the debate was to be about foreign policy, he is not trying to squirm out of that since it was his strength. If he ends up being the key figure in brokering some kind of fix then he will look great, if not he might be done…then again he may have been done anyway.

tarheelcon on September 24, 2008 at 3:48 PM

Maybe it’s wishful thinking (hope!) but she seems a tad less stressed in this interview.

Slublog on September 24, 2008 at 3:50 PM

Chuck Schick on September 24, 2008 at 3:47 PM

Indeed.

Spirit of 1776 on September 24, 2008 at 3:50 PM

Kill the Bill! Kill the Bill! Don’t give ‘em a cent. Show how the dems caused all this mess.

They’re already bailing out Freddie and Fannie and look how well that went

Iblis on September 24, 2008 at 3:50 PM

Whatever happens, it is not “politics as usual.”

Bullshiite. It’s always politics as usual.

Fletch54 on September 24, 2008 at 3:50 PM

Slublog on September 24, 2008 at 3:50 PM

Of course she’s less stressed. Doncha know that vajays call out to each other in the jungle.

/sarc

Spirit of 1776 on September 24, 2008 at 3:51 PM

“once in a century crisis.”
Isn’t that what they said when interference from Washington drove the S&L’s into bankruptcy?

MarkTheGreat on September 24, 2008 at 3:48 PM

Well, yeah, but that was last century.

Vashta.Nerada on September 24, 2008 at 3:51 PM

Palin definitely says what she thinks…and she seems very comfortable in that interview.

Chudi on September 24, 2008 at 3:51 PM

This bill is a disaster. This is a huge step into socialism. You can not just give $700 billion to Paulson.
There has to be negotiation and I like that McCain is taking this bold step.
He puts country first!

jencab on September 24, 2008 at 3:53 PM

“Our THREE lefty readers……” Three, AllahP?

Didn’t they teach you how to count good at Pessimism School?

McCain and Palin NEED to run against Bush to some extent: the gains outweigh the losses, and that will stay true through Election Day

Supposedly there are EIGHTEEN PERCENT undecided voters out there, and that’s historically ridiculously high at this date. I say they will break mostly for McCain ( and a lot of them will not vote ), but they need all the pushing and schmoozing possible…..

Janos Hunyadi on September 24, 2008 at 3:54 PM

Janos Hunyadi on September 24, 2008 at 3:54 PM

Free moose hunting trips to Alaska for all voters!

lorien1973 on September 24, 2008 at 3:59 PM

Our three lefty readers who don’t believe him might find Warren Buffett’s assessment more to their liking.

Speaking of Warren Buffet, be sure to read his tips for individual investors in item #2.

thirteen28 on September 24, 2008 at 3:59 PM

WALL STREET IS NOT THE PLACE THAT NEEDS REFORM.

Zounds this is getting tiresome.

Get the bureaucratic looters out of Wall Street, let the rational actors do their jobs: move capital to where it is most profitable. Quit telling them where to put the capital, and quit protecting morons and thugs from the consequences of their incompetence with a firewall of public funds.

spmat on September 24, 2008 at 4:03 PM

The only positive I see in this is that the bailout can be used as a club to stop spending. Hussein has already started to back off of some of his spending promises. We have to let people know that we need to pay for this, not just forget about it next year.

Harpoon on September 24, 2008 at 4:03 PM

You knowwwwwwwww………….

I just might be the average working “7% Solution”, but I am going to work every day, and if I screw up, or cost the company money, guess what happens…… I loose my job. That reality forces me to be responsible and honest.

These AssClowns are suposed to the be “best of the best” right? Harvard, Princeton, Yale, ……. lawyers, MBA’s, CEO’s, Politicians, etc……… the lot of them.

They have personally made Millions cooking the books and passing faulty legislation, all the time doing so without regard to the American taxpayer who they set up to be responsible for their failed policies.

I say Fu@k Them! Let them fail! Let them loose everything! Let them balance their own check books! Let them stay awake at night because the world they created has just crashed down around them! Let them eat a peanut butter and jelly sandwich for dinner!

The FREE MARKET will fix itself…….. put these jackasses in jail, especially the politicians like Dodd and Frank!

Bailout?………………… Fu*K You! Bail yourself out of jail, how do you like that!!!!!!!!!!!!!!!!!!!

Seven Percent Solution on September 24, 2008 at 4:03 PM

McCain & Palin are putting the country first, instead of political ideology or personal greed, like far too many in Congress.

Loxodonta on September 24, 2008 at 4:04 PM

Our three lefty readers

I know you meant three lefty commenters, AP. I’m sure HA has many thousands of lefty readers.

jgapinoy on September 24, 2008 at 4:09 PM

She has trouble reciting McCain’s talking points. I don’t think the problem is with her, it’s likely with the substance of talking points.

Show us some real reform …

tarpon on September 24, 2008 at 4:10 PM

You ever get the feeling listening to Palin that she is moving her mouth, trying to remember what they told her to say, and reciting her lines with zero understanding of the words that come out of her mouth?

I sure do.

Roger Waters on September 24, 2008 at 4:13 PM

Watch the trash in this country run to buy houses that a person with ten times their capital would have trouble paying for.

Let me see now you make MIN wage and you bought a Caddie with $4,000 rims? Now you need me to pay for it for you?

Typ Liberal mentality.
Thoes two that were on the Web a few weeks ago without a car and cant get a job cause the have no way to get to it.
(They sure ate well though)
Well now they will have wheels at your expense.But they still won’t want a job.

Rick007 on September 24, 2008 at 4:14 PM

We do not need a bailout

Rick007 on September 24, 2008 at 4:15 PM

Unrelated news – what the hell is going on with McCain wanting to delay the debate tomorrow to “focus on solving the problem?” You can’t delay the debate – that just makes him look timid and look like he’s stalling.

Outlander on September 24, 2008 at 3:44 PM

The debate is on foreign policy. What the hell does that have to do with THIS financial problem?

Maybe they could talk about education too.

Elizabetty on September 24, 2008 at 4:16 PM

From Jonah:

Rep. Alcee Hastings told an audience of Jewish Democrats Wednesday that they should be wary of Republican VP nominee Sarah Palin because “anybody toting guns and stripping moose don’t care too much about what they do with Jews and blacks.”

pt on September 24, 2008 at 4:17 PM

Roger Waters on September 24, 2008 at 4:13 PM

Who’s that rap tap tapping under my bridge?

Slublog on September 24, 2008 at 4:19 PM

I think an oversight committee of 3 members, Mitt, Blooms, and Buffett might be a winning plan. And not all upfront makes sense as well.

Spirit of 1776 on September 24, 2008 at 3:46 PM

What with his recent adventure into GS for 5 billion dollars worth of stock, Buffet might not be considered an arms length kinda guy. In fact, I’m not sure there are any of that breed available. All the experts are players, aren’t they?

a capella on September 24, 2008 at 4:24 PM

People who think we do not need a bailout for this problem are whistling past the grave yard I think.

For one thing, the market might take care of it, like the plague takes care of over population. If you decide to let the chips fall where they may be prepared for what that could mean.

And it does not seem to me that most people understand how this thing will work. I am sure there will be attempts at extraneous spending, but this money is not a gift. Some toxic assets will be bought at discount and then resold at auction.

I think McCain recognizes the severity of the problem and wants to deal with it. And one of the reasons that Democrats do better on the economy is that the knee jerk reaction of too many conservatives is screw em if they die, they die to just about any issue involving the economy. And that always leave an opening for any demagogue of a Democrat to walk into.

Terrye on September 24, 2008 at 4:25 PM

All the experts are players, aren’t they?

a capella on September 24, 2008 at 4:24 PM

So it would seem.

Spirit of 1776 on September 24, 2008 at 4:28 PM

once in a century crisis.”
Isn’t that what they said when interference from Washington drove the S&L’s into bankruptcy?

MarkTheGreat on September 24, 2008 at 3:48 PM

Well, that was the twentieth century after all. But we sure didn’t need one this early in this century.

Big John on September 24, 2008 at 4:30 PM

Roger likes him some Greasy Joe

rhodeymark on September 24, 2008 at 4:34 PM

Soft lighting for Katie, hard for Sarah. Hmmm . . .

srhoades on September 24, 2008 at 4:36 PM

See how there just simply has to be a bailout because otherwise there’ll be an economic apocalypse?
Call me cynical but I do seem to remember speeches and diagrams being shown at the UN to the effect that there simply had to be an invasion of Iraq ’cause of all those weapons of mass destruction.

schiehallion on September 24, 2008 at 4:38 PM

I reluctantly predict that the President’s TV address tonight will be a disaster on policy and performance, and the overnights will show the bottom dropping out of mccain’s numbers. Temporarily.
El Jefe cannot communicate his way out of a wet paper sack with a map and a claw hammer, & i think he is going to do more harm than good tonight by going on TV and telling the country that “its…uh,…hard, um, er, hard work.”

And tomorrow, the press and the Obamans (redundant i know) will be going batshit crazy with rage over whatever the POTUS Maximus says tonight.

To recap: Speech will sink like a lead balloon and Mav will be caught in the jet wash.

Mike D. on September 24, 2008 at 4:38 PM

It’s slightly more than just three.

wise_man on September 24, 2008 at 4:45 PM

I question the timing of this crisis.

Numenorean on September 24, 2008 at 5:06 PM

Soft lighting for Katie, hard for Sarah. Hmmm . . .

srhoades on September 24, 2008 at 4:36 PM

Excellent observation.

LibTired on September 24, 2008 at 5:49 PM

Unrelated news – what the hell is going on with McCain wanting to delay the debate tomorrow to “focus on solving the problem?” You can’t delay the debate – that just makes him look timid and look like he’s stalling.

Outlander on September 24, 2008 at 3:44 PM

A duel faceted strategic move me thinks. McC delays on account of “the people” in order to offer direction on the economic matter .. and .. I think this may throw a curve ball of sorts at Mr. teleprompter, having to deal with McC’s reaction of delaying for a good cause plus having a crimp put into his training for debate w/no stage guidance from his writers.

Benjamin9 on September 24, 2008 at 6:01 PM

Let me see – I could debate or I could actually do something that might help the country. What should I do? I know – I’ll do a poll on it! That’s the ticket.

Fuquay Steve on September 24, 2008 at 6:09 PM

The last thing we need to do right now is give 700 BILLION to Paulson. When was the last time he was right on anything?

GarandFan on September 24, 2008 at 6:34 PM

McCain needs to try and restrain his populist impulses. He sounds silly when he talks about putting a cap on CEO salaries at $400K. For that kind of money you might be able to get Henry Blodget, I think he’s still looking for a job.

moxie_neanderthal on September 24, 2008 at 8:18 PM

I’m sorry Sarah; have to disagree with you. At this point, I’ll take a little finger pointing. Thanks.

UndertheBridge on September 25, 2008 at 4:55 AM