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Video: Pelosi calls House GOP “unpatriotic”

posted at 9:21 pm on September 27, 2008 by Allahpundit
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Just the sort of rhetoric America needs to help these very delicate negotiations along. Compounding the nuance here is her reason for calling them unpatriotic: It’s not the fact that they’re holding out in the middle of a national emergency, it’s the fact that they neglected to show up for negotiations earlier in the week. Go ask Paul Kanjorski — Democrat Paul Kanjorski, who chairs the House Financial Services subcommittee on capital markets — whose fault that is. Then read Roll Call’s report about the Democrats sending eight negotiators to the table tonight when Paulson explicitly asked for two. We’re staring down the barrel of the worst disaster since Katrina or maybe even 9/11 and these people are playing douchebag psych-out games with each other. I can’t wait to see what this poll looks like next week.

The more I think about it, the more I have to believe Kristol’s wrong and things are (relatively) fine. They simply wouldn’t be jerking around this way if there really was an economic nuclear missile inbound. Click your ruby slippers together three times and repeat: They can’t be that stupid, they can’t be that stupid, they can’t be that stupid…


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Lorien’s probably right. They won’t want to expose the history of this problem and the guilty parties because the Democrats boycott will probably magnify severalfold.
FloatingRock on September 27, 2008 at 10:30 PM

Video: Fox News hammers Democrats again for Fannie/Freddie mess
posted at 12:42 pm on September 25, 2008 by Allahpundit

Via Ace, who properly calls it awesome.

http://www.youtube.com/watch?v=VgctSIL8Lhs

This makes two segments in as many nights on Hume’s show on the roots of the crisis, and as with the first, there’s little you don’t already know. Even so, the archival footage of one of the Democrats’ nastiest demagogues reassuring America that everything’s peachy keen with the subprime mortgage industry is worth its weight in gold, especially after he thoughtfully paused this morning to snark on McCain for trying to help clean up the mess he himself did so much to make.

You were saying?

wise_man on September 27, 2008 at 10:43 PM

Term limits, term limits, term limits. This crap has got to stop.

dugan on September 27, 2008 at 10:44 PM

Chakra Hammer on September 27, 2008 at 10:38 PM

I don’t mean to appear to be busting on him. I am sure he working hard to make the best of a bad situation. But really to what effect, the Dems have been despicable about the role he has played so far, I can’t imagine what is in store for him. It is interesting how Sen. Obama is getting a pass. As usual.

Cindy Munford on September 27, 2008 at 10:44 PM

unseen on September 27, 2008 at 10:41 PM

They have until monday or I’m joining you. Then again the congressman in the district in which i’m registered is retiring, so it won’t matter.

phronesis on September 27, 2008 at 10:44 PM

Yep. Get rid of them all. Ideology be damned.

lorien1973 on September 27, 2008 at 10:42 PM

The problem is they have depth. They’re like a redcoat army.

Editor on September 27, 2008 at 10:44 PM

lorien:

Trust me, if this thing gets anywhere near as bad some people say, the public who says it opposes it today, could turn right around and be pissed that it did not pass in a week.

Keep something in mind about public opinion. 2 to 1 the public blames this on Republicans. That of course is not fair or accurate, but the public does not give a damn if it is or not.

So I don’t know if McCain or anyone else who is actually in a position of responsibility will come out and say that he does not support a rescue plan or whatever you want to call it.

It just depends on what happens.

Terrye on September 27, 2008 at 10:45 PM

So are we now allowed to call them unpatriotic for going on vacation instead of passing an energy bill?

Seriously, the hypocrisy of these evil bastards is unbelievable sometimes.

RightWinged on September 27, 2008 at 10:46 PM

They have until monday or I’m joining you. Then again the congressman in the district in which i’m registered is retiring, so it won’t matter.

phronesis on September 27, 2008 at 10:44 PM

i have a dem congressman and Sen Dole. Both are not getting my vote.

unseen on September 27, 2008 at 10:46 PM

OT: Obama has a new ad up that shows McCain winning the election (h/t Mark Hemingway at The Corner). If I didn’t know better, I’d think it was a McCain endorsement.

Take a look and explain how this is supposed to scare people into voting for Obama.

Terrie on September 27, 2008 at 10:47 PM

So I don’t know if McCain or anyone else who is actually in a position of responsibility will come out and say that he does not support a rescue plan or whatever you want to call it.

It just depends on what happens.

Terrye on September 27, 2008 at 10:45 PM

McCain is on the losing end right now.

Standing up for his beliefs and putting the people (ie the country) ahead of wall street and big government is never a losing proposition.

Stand up, say that 700 billion is too much. Wall street and congress made the mess; they’ll pay for it. Not the average person.

He’d win the election right there.

lorien1973 on September 27, 2008 at 10:47 PM

The problem is they have depth. They’re like a redcoat army.

Editor on September 27, 2008 at 10:44 PM

yes they are exactly like the redcoat army and need to be handled the same way.

unseen on September 27, 2008 at 10:48 PM

Lets all sue Dodd, and that fu**ing monkey Frank. Show some patriotism and pay for screwing our great country D&F.

Cardiganfox on September 27, 2008 at 10:48 PM

dugan on September 27, 2008 at 10:44 PM

We have always had to power to term limit, we just don’t.

Cindy Munford on September 27, 2008 at 10:49 PM

Lets all sue Dodd, and that fu**ing monkey Frank. Show some patriotism and pay for screwing our great country D&F.

We can’t sue them, but we ought to be able to sue the people of their states for making us have to deal with them.

genso on September 27, 2008 at 10:50 PM

Something I lifted from another commenter recently but find quite useful…

“Never blame malice where sheer incompetence is sufficient.”

Big John on September 27, 2008 at 10:51 PM

You know since we are going to pay for this there has got to be a criminal investigation. I can’t believe that we got this screwed up legally.

Cindy Munford on September 27, 2008 at 10:52 PM

good news???

The idea of charging large financial firms fees to set up an industry-funded rescue insurance fund was gaining momentum as key House and Senate negotiators continued to meet Saturday evening to iron out the final details of a $700 billion rescue package for Wall Street.

Lawmakers and staff reconvened their meeting around 7:30 p.m. EDT in the offices of House Speaker Nancy Pelosi (D., Calif.), hopeful they could broker a deal on the much anticipated but exceedingly difficult-to-negotiate legislation that would have the federal government buy up billions of dollars of soured assets.

http://online.wsj.com/article/SB122252502326482359.html

unseen on September 27, 2008 at 10:52 PM

Dear Nancy: You are an incredibly stupid, unlearned Catholic, a blustering twit, and an offensive, mindless tool who should never have been elected to any office of any stature.

But I won’t question your patriotism. That would require it to exist first.

BKennedy on September 27, 2008 at 10:52 PM

Are they really this stupid? They elected this rictus-faced Botoxed freak as their “leader”. The question answers itself.

Travis Bickle on September 27, 2008 at 10:53 PM

genso on September 27, 2008 at 10:50 PM

I’d love to be able to nail these buffoons with a bill split 300,000,000 ways for negligence, or at least get them put in jail for it. That they are even in D.C. right now makes me want to punch a wall.

Cardiganfox on September 27, 2008 at 10:54 PM

http://www.foxnews.com/story/0,2933,253604,00.html

bigbeas on September 27, 2008 at 10:39 PM

Maybe Democrats should look to how Republicans acted during WW II

Democrat President

Senate

77th Congress (1941-1943)

Majority Party: Democrat (66 seats)

Minority Party: Republican (28 seats)

Other Parties: 1 Independent; 1 Progressive

Total Seats: 96

—————————————————————————————————-

78th Congress (1943-1945)

Majority Party: Democrat (57 seats)

Minority Party: Republican (38 seats)

Other Parties: 1 Progressive

Total Seats: 96

—————————————————————————————————-

79th Congress (1945-1947)

Majority Party: Democrat (57 seats)

Minority Party: Republican (38 seats)

Other Parties: 1 Progressive

Total Seats: 96

http://www.senate.gov/pagelayout/history/one_item_and_teasers/partydiv.htm

_______________

Chakra Hammer on September 27, 2008 at 10:55 PM

unseen at (10:31)

The problem isn’t the foreclosed mortgages, it is the derived contracts that grew out of those bundled mortgages.

This quote from Morgan Stanley over a year ago.

The volume of derivative contracts on a variety of assets increased from US$5.7 trillion in 1990 to US$415.2 trillion last year.

The rescue plan is asking for 700 Billion.
Source Morgan Stanley (about half way down section is titled “Alphabet Soup of Liquidity”
Derivatives and securitized debt account for almost 90% of global liquidity. )

That explains the panic. The Global Economy is based on derived contracts (paper) that maybe worthless overnight, or become liabilities when income streams suddenly become obligations owed.

Presumably not all of those derived contracts are tied directly to sub prime home mortgages in the United States.

We’re hosed.

rockhauler on September 27, 2008 at 10:55 PM

lorien:

I feel like I am talking in circles. What beliefs?? McCain has never failed to stand up for his beliefs, even when it hurt him. He has never tacked an earmark on a bill, he is not perfect but he is a helluva lot more honest than most of these guys.

My point is that his main concern right now might be trying to get some sort of workable bill in place. That does not mean he will roll over, but this is going on forever, they need to get it together and come up with something.

Terrye on September 27, 2008 at 10:55 PM

We have always had to power to term limit, we just don’t.

Cindy Munford on September 27, 2008 at 10:49 PM

Point taken; I used to believe that myself, but “career” politicians are a cancer to this democracy.

dugan on September 27, 2008 at 10:55 PM

Something I lifted from another commenter recently but find quite useful…
“Never blame malice where sheer incompetence is sufficient.”
Big John on September 27, 2008 at 10:51 PM

Nancy Pelosi, Harry Reid and all the other democrats in D.C. : Incompetent. And filled with malice.

wise_man on September 27, 2008 at 10:56 PM

Lets all sue Dodd, and that monkey fu**ing Frank. Show some patriotism and pay for screwing our great country D&F.

Cardiganfox on September 27, 2008 at 10:48 PM

There. I fixed it for you.

AubieJon on September 27, 2008 at 10:58 PM

rockhauler:

That is why they are so worried about Fortis falling in Europe. The fear is that a bank failure in Europe of that size would lead to runs on banks here as well. Surely Asia too.

This is like a bad movie.

Terrye on September 27, 2008 at 10:58 PM

Disgusting as usual.

Travis1 on September 27, 2008 at 10:58 PM

Cardiganfox on September 27, 2008 at 10:54 PM

Through their slimy faces. Oh, my…am I in trouble for saying that?

genso on September 27, 2008 at 10:58 PM

http://online.wsj.com/article/SB122252502326482359.html

unseen on September 27, 2008 at 10:52 PM

oh goody. Frank and Dodd are spearheading the meeting. 9 dems showed up when there was only suppose to be two. I like this plan less and less.

unseen on September 27, 2008 at 10:58 PM

Charlie Rangel should have to give back that 10 million donation he got from AIG.

artchick on September 27, 2008 at 10:59 PM

Disgusting as usual (Pelosi that would be).

Travis1 on September 27, 2008 at 10:59 PM

I wish some of those 527 groups could do some ads on all this for people. It might not completely change the perception that Republicans were to blame, but it could spread it around a little more. The people need to be reminded who runs Congress.

Terrye on September 27, 2008 at 11:00 PM

I’m not convinced the credit markets are frozen. I was approved this week for $42,000 in student loans from Wachovia.

JustTruth101 on September 27, 2008 at 11:02 PM

I wish some of those 527 groups could do some ads on all this for people. It might not completely change the perception that Republicans were to blame, but it could spread it around a little more. The people need to be reminded who runs Congress.

(sigh)….the Dems could confess to all of this and their followers would still vote them into office.

genso on September 27, 2008 at 11:03 PM

I’m not convinced the credit markets are frozen. I was approved this week for $42,000 in student loans from Wachovia.

JustTruth101 on September 27, 2008 at 11:02 PM

just default on them. we will pick up the tab. No worries. 7 years from now your credits clean..

unseen on September 27, 2008 at 11:04 PM

Hey Stretch: can we drill your brain?

Just want to see if it is hollow.

Mallard T. Drake on September 27, 2008 at 11:05 PM

JustTruth101 on September 27, 2008 at 11:02 PM

I got a 40,000 home equity line of credit this week too.

lorien1973 on September 27, 2008 at 11:05 PM

snuffing out the truth

http://darkegop.blogspot.com/2008/09/abc-news-is-stifling-user-comments-that.html

darkegop on September 27, 2008 at 10:58 PM

Whats next, censoring the internet?? Quite scary.

artchick on September 27, 2008 at 11:05 PM

JustTruth:

No one said they are frozen yet. They have gotten tighter.

You were approved, did you actually get the money? I have a client who was informed this week that most of the money he was supposed to get would not be coming. He can either go to a cheaper school or find away to pay himself. No explanation for the change.

Terrye on September 27, 2008 at 11:05 PM

just default on them. we will pick up the tab. No worries. 7 years from now your credits clean..

unseen on September 27, 2008 at 11:04 PM

I have been helping a family member for over a year now because of one of these Alt-A loans and because I don’t believe in government assistance or walking away from a debt. Guess who will still be helping a family member while all the scofflaws get a pass?

genso on September 27, 2008 at 11:07 PM

unseen on September 27, 2008 at 11:04 PM

You know, it’s funny you mention that…hubby and i were talking about how angry it makes us that we pay our bills every single month and waited until after we put our kids through college for me to go to graduate school…no one has ever bailed me out of anything.

And the fact that the dem’s want to “renegotiate” the PRINCIPAL balance on loans in foreclosure? And we the working class taxpayer pays for it…I will be blood boiling pissed off if that winds up in the final bill. And I will consider quitting paying my mortgage…I’d love to get a new deal on my house.

JustTruth101 on September 27, 2008 at 11:08 PM

Guess who will still be helping a family member while all the scofflaws get a pass? – genso on September 27, 2008 at 11:07 PM

You. Next question

ManlyRash on September 27, 2008 at 11:09 PM

You were approved, did you actually get the money?

good point, no i haven’t gotten the money yet…

JustTruth101 on September 27, 2008 at 11:09 PM

I don’t think people get how this works. I am still getting those annoying loan things in the mail promising me a loan of $50 grand for low interest blah blah blah.

But some people are experiencing tighter credit already. Car loans, things like that. However, the concern is that if they wait until it is impossible for businesses or individuals to get loans, a rescue plan won’t do much good.

Needless to say some people are going to assume it is part of a global conspiracy to rip them off. In away I hope it is, because that is less scary than a real meltdown.

But man, if this is not the real deal they sure got a lot of people involved in this thing. Literally thousands of folks have to be part of the plan and they had to start planning a decade or so ago.

Terrye on September 27, 2008 at 11:11 PM

ManlyRash on September 27, 2008 at 11:09 PM

Ahem…and you, too. Didn’t think you had so many family members in need, did you?

genso on September 27, 2008 at 11:11 PM

I have been helping a family member for over a year now because of one of these Alt-A loans and because I don’t believe in government assistance or walking away from a debt. Guess who will still be helping a family member while all the scofflaws get a pass?

genso on September 27, 2008 at 11:07 PM

The only way I see to destroy socialism is if everyone embraces it at the same time. If we all quit are jobs and went on welfare on the same day maybe the dems might get a wake up call. We could call it a strike or whatever you want but I for one am tired of paying for other people. The hell with it give me my food stamps, section 8, and WIc vochers, free lunch school programs, pell grants,and unemployment insurance. While the gov is at it they can give be my medicaid frr health insurance, my vuchers to get transportation, and maybe they can come and cook my food and fed me too.

unseen on September 27, 2008 at 11:11 PM

In the summer of 1940, I was an 8-year-old boy living in a remote little Appalachian valley. Our country was not yet at war, but even we children knew that there were some crazy men across the ocean who would kill us if they could.

President Roosevelt, in his speech that summer, told America “all private plans, all private lives, have been in a sense repealed by an overriding public danger.”

In 1940, Wendell Wilkie was the Republican nominee.

And there is no better example of someone repealing their “private plans” than this good man. He gave Roosevelt the critical support he needed for a peacetime draft, an unpopular idea at the time.

And he made it clear that he would rather lose the election than make national security a partisan campaign issue.

Shortly before Wilkie died, he told a friend, that if he could write his own epitaph and had to choose between “here lies a president” or “here lies one who contributed to saving freedom,” he would prefer the latter.

-Zell Miller 2004 RNC Speech

Who does that man Wendell Wilkie sound like?

John McCain would rather, lose a campaign, than lose a war, he suspends his campaign to form a consensus and pass legislation and save our economy, putting his Country before his own ambitions..

Wow.. just who is that John McCain.. and where does he get this strength fo character?

I was never a McCain supporter, I was always a Rudy supporter, but McCain’s dedication, record, qualifications and judgment are clear.. This man needs to be the next President of OUR United States At this time.

Hmmm.. I need to read one of McCain’s books..
Sounds like an interesting character.

Chakra Hammer on September 27, 2008 at 11:12 PM

She may say the Republicans are unpatriotic but WE say she’s a raging, flaming incompetent! “…and the horse she rode in on…!”

Throw the bums out. No, better yet, wait, let a bunch of the jerks go to jail over this debacle. Hard jail time might make a difference in their attitudes. Creeps. Morons. Dingey Harry being the chief…San Fran Nan, second in command…

Roger Brown on September 27, 2008 at 11:12 PM

Wasn’t it Bill Clinton who said “True patriots will support his plan.” Wasn’t it Hillary who said Democrats had a patriotic duty to oppose President Bush??
We can never question a Democrats patriotism when they kiss up to enemies of America or undermine the war effort. No,, now Pelousy comes out and says Republicans are unpatriotic for not showing up where they weren’t invited.
Amazing,, well, not really.
Patriotism is agreeing with Democrats.
There is no truth but Obama’s truth.
Disagreeing with a Dem is unpatriotic.
Disagreeing with Obama is error.
Whatever.

JellyToast on September 27, 2008 at 11:12 PM

dugan on September 27, 2008 at 10:55 PM

I know and I whine about it but the two places I have lived have always been Republican. And pretty good Republicans at that. But over in Jacksonville is Corinne Brown who I would love to see get defeated but no that doesn’t happen.

Cindy Munford on September 27, 2008 at 11:13 PM

If the Dow closes down 3000 points in a few days, because GOP members are too stupid to vote for this, yes, I question the GOP’s patriotism. Our economy is going into total meltdown unless this gets done.

And before anyone calls me some name, check my other posts here at Hot Air.

indythinker on September 27, 2008 at 11:13 PM

unseen on September 27, 2008 at 11:11 PM

Funny you say that. I have been re-reading “Atlas Shrugged” today. Perhaps we should all go on strike. A couple of weeks ought to do it.

genso on September 27, 2008 at 11:14 PM

unseen on September 27, 2008 at 11:11 PM

I’ve thought of that before. Socialism only lasts this long because the vast majority of people want to be self reliant. Or try to be self reliant.

I think that’s why they say socialism usually only lasts 3 generations.

The first doesn’t really want it. The second accepts it. The third relies on it. And it collapses.

lorien1973 on September 27, 2008 at 11:14 PM

indythinker on September 27, 2008 at 11:13 PM

Put down the gin.

Cardiganfox on September 27, 2008 at 11:14 PM

Terrye on September 27, 2008 at 11:11 PM

if the big one hits it, I read that a FICo score of 750 would be needed for a USED car. New one that would be higher. So yes the loans will still be there for a privildge few but I would imagine credit cards would pump up interest rates to about 30%, lower credit limts etc. If a really big one hits then credit cards will be nice pieces of plastic to frame because you won’t be able to use one.

unseen on September 27, 2008 at 11:15 PM

They can’t be that stupid, they can’t be that stupid, they can’t be that stupid…

They were stuoid enough to create to create Fannie and Freddie in the first place.

Now they are negotiating on how to still keep them around.

Stupidity is strong enough of a word for it.

paulsur on September 27, 2008 at 11:16 PM

And before anyone calls me some name, check my other posts here at Hot Air.

I don’t need to check your other posts. That one says enough. Too many names to list.

genso on September 27, 2008 at 11:16 PM

Bottom line: the public blames the Republicans for this mess over Democrats 2 to 1.

Suck it up and vote for it. Save the economy and start over.

Completely done.

indythinker on September 27, 2008 at 11:16 PM

genso on September 27, 2008 at 11:16 PM

lol

Cardiganfox on September 27, 2008 at 11:16 PM

JustTruth:

I don’t like it either, but I think there is some practical point to it, like it or not. A lot of these people got loans that went to a higher rate, they were told ofcourse that they could refinance before that happened and thus avoid a big payment. It did not work out that way for a lot of them. People thought the value of their homes would continue to accelerate and then they could recoup.

The idea now is that if they are all foreclosed on, those homes are empty and often neglected, they bring down property values of other homes and they are not making any income. The people who lost the homes usually end up paying rent elsewhere. Some people believe it will help bring in more money to keep these people in the homes making payments.

I don’t know. It is almost like a bankruptcy kind of thing.

Terrye on September 27, 2008 at 11:17 PM

The hell with it give me my food stamps, section 8, and WIc vochers, free lunch school programs, pell grants,and unemployment insurance

Yup. I have something like $100g I could get in cash on my credit cards, then I could quit my job and qualify for more financial aid, default on all those loans, quit paying the mortgage and renegotiate to a lower principal balance, our cars are paid off and relatively new so there’s no loss to be incurred there, stay living just as we are, file bankruptcy, and just hide the money. Then after I’m declared to have all my debts discharged, I go out and start working again – I’m a software developer and while jobs aren’t what they were in the 90’s, I can still pick wehere I want to work.

Why the hell not? The govt is writing a $700 billion check to wall street – it’s not like stealing from 7-11 where the store owner eats the loss, I’d be stealing from Wachovia and the fed govt. We all ought to go get some while the getting is good.

JustTruth101 on September 27, 2008 at 11:17 PM

Save the economy and start over.

Start over???? You mean, start from here, don’t you?

genso on September 27, 2008 at 11:18 PM

indythinker on September 27, 2008 at 11:16 PM

We can’t cave and give them that ACORN crap they want, because if we do it wont matter if 3 to 1 or 10 to 1 pin this on the republicans; REPUBLICANS WILL NEVER WIN ANOTHER ELECTION. That 20 percent gift to ACORN is something they would have cited as reason to guillotine people back in the days.

Cardiganfox on September 27, 2008 at 11:19 PM

In 1996 when we purchase our current home I had to write a letter to explain why I was three days late paying a J.C. Penney’s bill that totaled $19.85. And we were putting $60K down on a $165K house. People on this site have said that current lenders don’t ask for pay stubs and don’t check employment. What the heck is that?

Cindy Munford on September 27, 2008 at 11:21 PM

People can be angry with indythinker but he has a point. It might no be fair, but people blame Republicans for this. The best we can hope for is to get this out of the news and have some stability in the economy. Republicans were seeing real gains until this news broke and everyday it is out there, it hurts us.

I know that sucks,but it is true.

Terrye on September 27, 2008 at 11:21 PM

What the heck is that?

Your socialist government at work.

genso on September 27, 2008 at 11:22 PM

She should be embarrassed to have Dodd and Frank representing their side.

aikidoka on September 27, 2008 at 11:23 PM

McCain is on the losing end right now.

Standing up for his beliefs and putting the people (ie the country) ahead of wall street and big government is never a losing proposition.

Stand up, say that 700 billion is too much. Wall street and congress made the mess; they’ll pay for it. Not the average person.

He’d win the election right there.

lorien1973 on September 27, 2008 at 10:47 PM

You’ve been calling for the McCain loss for over a month now. Every single issue, “oh, it’s a loser for McCain”

Yes, yes, you’re just a concerned Christian conservative and all….

funky chicken on September 27, 2008 at 11:23 PM

Oohhh, but they are that stupid. I assure you, they’re that stupid and more. Ego-maniacs. You know that AP.

Griz on September 27, 2008 at 11:23 PM

JustTruth101 on September 27, 2008 at 11:17 PM

the sad thing is that there is no reason not to do this. We are so screwed.

unseen on September 27, 2008 at 11:23 PM

She should be embarrassed to have Dodd and Frank representing their side.

She might be, but I don’t think her face works anymore so we can’t tell.

genso on September 27, 2008 at 11:24 PM

People can be angry with indythinker but he has a point. It might no be fair, but people blame Republicans for this.

The best we can hope for is to get this out of the news and have some stability in the economy. Republicans were seeing real gains until this news broke and everyday it is out there, it hurts us.

I know that sucks,but it is true.

Terrye on September 27, 2008 at 11:21 PM

And you have been shrieking that they have to pass the democrat 700 billion bailout, ACORN included and all, or it will be a disaster for the GOP.

BS. If they get a cleaner, better bailout package that addresses the liquidity problem for a smaller price tag, and the conservative dems and the GOP team up to get it passed and implemented, it’s a WIN.

Just rolling over for Dodd, Frank, Pelosi, Schumer et all would be a LOSS.

funky chicken on September 27, 2008 at 11:25 PM

If the Dow closes down 3000 points in a few days, because GOP members are too stupid to vote for this, yes, I question the GOP’s patriotism. Our economy is going into total meltdown unless this gets done.

They better not vote for this. The whole idea of using $700 billion of taxpayer funds to keep the same old corrunpt system going with a few extra checks and balance is way more than just stupid.

Here are the requirents for any solution that we all should be supporting:
1. No taxpayer money, this has to be funded by pravate enterprise. Buyouts of necessarry. Sell those underlying mortgages if necesarry.
2. any agreement must result in the eventual dissollution of Fannie Mae and Freddie Mac ( I know there are guarantees and debt there that must be paid down), and congress must pass requring the federal government stay out of manipulating mortgages forever.

paulsur on September 27, 2008 at 11:25 PM

indythinker on September 27, 2008 at 11:13 PM

No one thinks you’re a troll. The point is that this bill will only be held up if the Democrats want it to be. They have a majority in the house. They just want political cover because this is so wildly unpopular. I don’t know how long they can get away with blaming it on House Republicans, I mean, people can count. And trust me, you don’t think Democrats aren’t getting phone calls and emails from their constituents?

Cindy Munford on September 27, 2008 at 11:26 PM

Cindy:

I got my real estate license in the 90s. I thought I could make some extra income. God, I hated it. But I remember when things began to change in the late 90’s. My broker made the point that we were selling houses to people who could not have gotten loans a decade earlier. I don’t really blame a lot of those people, they believed what they were told by mortgage brokers and all sorts of people. And everyone got in on it. The economy began to boom. Construction was up. Lowes and Home Depot were raking in the bucks. People were building these huge new houses everywhere.

The Republicans did not create this situation and they did sound warning bells from time to time. But the truth is they did not sound them loud enough. NO one did. People would talk about what might happen when the bubble burst, but they just kept right on doing what they were doing.

Terrye on September 27, 2008 at 11:26 PM

People can be angry with indythinker but he has a point. It might no be fair, but people blame Republicans for this. The best we can hope for is to get this out of the news and have some stability in the economy. Republicans were seeing real gains until this news broke and everyday it is out there, it hurts us.

I know that sucks,but it is true.

Terrye on September 27, 2008 at 11:21 PM

Because the press is corrupt. They refuse to report the real reasons for this, and the democrats are corrupt. In the last 2 years since the dem’s took control gas has doubled, we almost lost Iraq because they tried not to fund the troops, they destroyed our economy and have nominated a marxist for POTUS.

I am was not a conspiracy theorist before this, but now I am. I believe the dem’s did this all on purpose, that it was coordinated and I can hardly wait to see them before a big white throne on a very special day.

JustTruth101 on September 27, 2008 at 11:27 PM

funky chicken on September 27, 2008 at 11:23 PM

I’m pretty much a concerned agnostic conservative.

And I think I’ve been pretty close to dead on this whole time.

Till McCain stands up for something and passionately defends it; he’ll lose.

Palin came out passionate; they were winning. Palin became a rino parrot robot and they fell in the polls. Coincidence?

lorien1973 on September 27, 2008 at 11:27 PM

Cindy:

They will get away with blaming it on House Republicans as long as they want to because so many Republicans have said they want to see the bill dead and gone.

Terrye on September 27, 2008 at 11:28 PM

lorien:

I have never thought McCain lacked passion. Never.

Terrye on September 27, 2008 at 11:29 PM

I am was not a conspiracy theorist before this, but now I am. I believe the dem’s did this all on purpose, that it was coordinated and I can hardly wait to see them before a big white throne on a very special day.

It does seem a little tidy, doesn’t it. Consolidation of the financial system and raising the debt level to pour more money into it. Either horribly mis-managed or well-planned.

genso on September 27, 2008 at 11:30 PM

Allah

Could be the beginning of a Sea Change but then – if it takes more tan 2 30 second sound bites to explain the MSM can spin it anyway they want

EricPWJohnson on September 27, 2008 at 11:32 PM

I have never thought McCain lacked passion. Never.

Terrye on September 27, 2008 at 11:29 PM

I do.

Before he picked Palin, I doubted he wanted to win the election. I honestly thought he felt vindicated by winning the republican primaries.

Past few weeks, I felt like his fire is gone as well.

Maybe because he’s more moderate than I am; but his inability to see a clear course through the bailout and express sound free market ideas is infuriating.

lorien1973 on September 27, 2008 at 11:32 PM

That was not Pelosi questioning their patriotism.
That was an accusation.
Disgraceful!

I never thought that the caliber of person we send to DC to conduct the nation’s business would sink to this level.
Never

OneEyedJack on September 27, 2008 at 11:33 PM

Just truth:

I don’t think they did this all on purpose, I think they outsmarted themselves and now they are trying to find a way to avoid responsibility. But they may have outsmarted themselves this time.

I realize that the press is not telling the whole story. I would not argue with that, but this is hurting Republicans fair or not. Besides, people almost always blame Republicans for economic troubles. Bush1 got completely screwed on that deal too. I remember the press just beating that bad news drum right up until Bill Clinton laid his hand on that bible.

Terrye on September 27, 2008 at 11:33 PM

The lot of them are impossible to watch for more than 30 seconds. My poor husband is constantly thinking he is in trouble, but it is just me hurling commentary and invective at Pelosi, Dodd, Frank, Obimination…..

What is wrong with the American electorate that they foist this bunch on the political stage?

InTheBellyoftheBeast on September 27, 2008 at 11:34 PM

If one of the Republicans would just go and stamp on Pelosi like the worthless, brainless, vile cockroach she is, that man could be king tomorrow.

NoDonkey on September 27, 2008 at 11:34 PM

lorien1973

McCain is a clm guy in a storm – good man to have when the crap is hitting the fan

EricPWJohnson on September 27, 2008 at 11:35 PM

lorien:

Maybe you are projecting.

Terrye on September 27, 2008 at 11:35 PM

This is government tyranny by the party in power in the congress. If people lose their investments and pensions there is no recourse. If the 1st amendment isn’t working the country must move on to the 2nd.

wepeople on September 27, 2008 at 11:35 PM

NoDonkey:

No, that man would be in jail tomorrow.

Terrye on September 27, 2008 at 11:36 PM

This is the way the Congressional Republicans should go:
1. No taxpayer money. This must be funded 100% by private enterprise.
2. Any agreement should result in the eventual dissolution of the GSEs.

paulsur on September 27, 2008 at 11:36 PM

The dems are playing an eloborate CYA, and that is the only reason they even allow the GOP in the room. The witch speakerette just wants someone to share the blame when this deal turns into a nightmare.

InTheBellyoftheBeast on September 27, 2008 at 11:36 PM

In the words of TONY SOPRANO……..

What’re ya gonna do?

I’ve been such a pillar of optimism for my family and friends…. now….. I’m worried. Makes me sick. But I think that the One’s gonna be the NEXT.

ACK BARF.

tru2tx on September 27, 2008 at 11:37 PM

Anyone seen the specifics of the distribution of the profits?

Lets say when reselling the 700 billion, half gets sold for half what was paid, and half gets sold for double what was paid.

Wash, no profits, right? Wrong.

Each deal is its own calculation. So the Government takes a bath on 25% of the purchases (50% of 50%) in this scenario (175 billion); and the profits from the sales that made money (also 175 billion) get distributed to the various slush funds involved.

Am I supposed to approve of this? Why not just write the bill to give 20 billion to ACORN directly? Then they can go back to trying to get loans for people who have no assets or income to make payments…

gekkobear on September 27, 2008 at 11:38 PM

McCain is a clm guy in a storm – good man to have when the crap is hitting the fan

EricPWJohnson on September 27, 2008 at 11:35 PM

He doesn’t have to be screaming his head off and acting insane or anything. All he has to do is show leadership. I saw video of him on fox today, talking on the phone. I’d much prefer him to be in front of reporters. But that’s me.

He could explain what the democrats want to add, why the republicans oppose it and state what the republicans are looking for.

This would have brought the ACORN thing, the shale-oil thing, etc all into the light already and helped galvanize support behind him.

And, if his plan passed, he would have gotten a ton of credit.

lorien1973 on September 27, 2008 at 11:39 PM

genso:

I still go for mismanaged. I grew up hearing tales of the Great Depression from my parents and grandparents. Now, that was a mess…and it was brought about by a lot of smart people who screwed up.

Smart people can still do stupid things.

Terrye on September 27, 2008 at 11:40 PM

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