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Analysis: The Failure of the Bailout Bill



Troubled skies over the Capitol. AP Photo/J. Scott Applewhite

The failure of the financial bailout bill in the House is a classic example of an old adage: all politics is local.

Despite the fact that President George W. Bush and the leadership of both parties lined up behind the bill, the rank and file of both parties -- particularly on the Republican side -- rebelled in light of polling that showed the American public is deeply skeptical about a planned $700 billion bailout for the financial industry.

With just over one month left before the November election, politicians of both partisan stripes are concerned primarily about one thing: their own political futures.

And, even a cursory glance at polling on the issue, shows why so many politicians voted against the bill.

In a recent USA Today/Gallup, just 22 percent of the sample said they wanted Congress to "pass a plan similar to what the Bush Administration has proposed" while 56 percent wanted Congress to pass something "different" (although what that different plan would be was not made clear) and 11 percent wanted Congress to take no action at all.

The results were slightly more mixed in a New York Times/CBS News poll where 42 percent said they approved of the government's financial rescue plan while 46 disapproved, and in the Post/ABC poll where 44 percent expressed approval for the plan and 42 percent disapproved.

The data suggest that this bill was far from a political winner for members of Congress set to face voters in 36 days.

And, for vulnerable Republicans who believe that the free-spending attitude of Congress and the Bush Administration was either partially or primarily responsible for their ouster from majorities in the House and the Senate in 2006, the idea of floating the federal government another $700 billion was simply unpalatable.

It's no coincidence then that of the 205 Members who voted in support of the bill today, there are only two -- Reps. Chris Shays (R-Conn.) and Jon Porter (R-Nev.) -- who find themselves in difficult reelection races this fall. The list of the 228 "nays" reads like a virtual target list for the two parties.

While it's clear that the main reason the bill failed was the provincial concerns of more than 220 Members, the blame game is already well under way at the presidential level. John McCain had staked much last week on his high-profile decision to suspend his campaign to return to Washington to try and help bring about a deal on the bailout.

When a deal wasn't reached in short order, McCain scrapped his plans to postpone the first presidential debate in Mississippi on Friday night. But, he did return to Washington shortly afterward to return to work on turning the bailout bill into a reality.

By this morning, McCain seemed to believe that a deal was done and even seemed to claim some credit for making it so. "I went to Washington last week to make sure that the taxpayers of Ohio and across this great country were not left footing the bill for mistakes made on Wall Street and evil and greed in Washington," McCain said at a campaign rally in Columbus, Ohio.

In an appearance this evening in Des Moines, McCain put out a bipartisan call to pick up the pieces and get something passed. "I would hope that all our leaders -- all of them -- can put aside short-term political goals and focus on what's best for the American people," said McCain. He added that Obama and his allies in Congress had "infused unnecessary partisanship" into the vote and the bailout.

And on a conference call immediately following McCain's remarks, senior policy adviser Doug Holtz-Eakin sought to play up the Arizona Senator's willingness to step into the arena -- regardless of the political consequences -- to work out a solution.

"He did his job knowing it was important for him to be pushing a process," said Holtz-Eakin.

Holtz-Eakin added that McCain had made "dozens" of calls to legislators in advance of today's vote, and claimed that the Arizona Senator "took the lead" in pushing for taxpayer protections and executive compensation measures that were in the bill. McCain did much to "improve the character of this legislation for what was once a $700 billion blank check," said Holtz-Eakin.

Barack Obama has adopted a slightly more hands-off approach to the issue, returning to Washington late last week at the request of President Bush to join in a high-profile meeting at the White House but largely stayed out of the nitty gritty of the negotiations.

Obama's campaign privately pronounced themselves very pleased with the way last week played out -- insisting that McCain had appeared "erratic" during a crisis while Obama had been calm, sober and serious.

In a statement released late Monday from his campaign, Obama spokesman Bill Burton derided McCain's attempts to use the ongoing financial crisis for political gain and quickly pivoted to focus on the Illinois Senator's outsider credentials.

"This is a moment of national crisis, and today's inaction in Congress as well as the angry and hyper-partisan statement released by the McCain campaign are exactly why the American people are disgusted with Washington," said Burton. "Now is the time for Democrats and Republicans to join together and act in a way that prevents an economic catastrophe."

To date, the focus on the economy seems to have accrued to Obama and the Democrats' benefit.

The latest Gallup tracking poll puts Obama ahead of McCain by eight points -- 50 percent to 42 percent. It was the second consecutive tracking poll that showed Obama with a statistically significant lead and the fourth straight track that showed Obama maintaining or widening his lead since the survey showed the two candidates locked in a 46 percent to 46 percent tie early last week.

With the bailout bill almost certain to remain in the news for the remainder of this week (and perhaps far longer), McCain and the Republican Party must find a way to turn around their negative trend line on the issue.

By Chris Cillizza  |  September 29, 2008; 5:36 PM ET
Categories:  Eye on 2008 , House  
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Comments

Under the guise of the Great Bailout of the U.S. economy proposed by Paulson/Bernanke/Bush (Paulnankebush) and passed by Congress and President Bush on October 3, 2008, U.S. Government officials are stealing over $700 billion from U.S. taxpayers to bail out people around the world who freely chose to gamble on the financial industry. Paulnankebush and Congress are giving this stolen money to investors in, and management and employees of, financial companies who made risky bets and lost...well, they lost until they were bailed out by Paulnankebush and Congress. By the way, the investors, management, employees, and financial companies who are receiving this stolen U.S. taxpayer money are all over the world, not just in the U.S.!

Are you ready to give up, or to rise up and "convict" the perpetrators?

Go to http://I-mMadAsHell.com

Posted by: washingtonpost30 | October 5, 2008 8:19 PM | Report abuse

Here is a very quick explanation of the $700 billion bailout within the context of the mechanics of our monetary and banking system.

The taxpayers loan money to the banks. But the taxpayers do not have the money. So we have to borrow it from the banks to give it back to the banks. But the banks do not have the money to loan to the government. So they create it into existence (through a mechanism called fractional reserve) and then loan it to us, at interest, so we can then give it back to them.

Confused?

This is the system. This is the standard mechanism used to expand the money supply on a daily basis not a special one designed only for the "$700 billion" transaction. People will explain this to you in many different ways, but this is what it comes down to. - Dennis Kucinich

Barr '08

Posted by: carolm62 | October 1, 2008 4:35 PM | Report abuse

NO BAILOUT! SAY NO! You will see that almost everyone is AGAINST the bailout by all means. Bailout is unnecessary and there is no reason to RUSH! Take a month or two and decide what needs to be done! HASTY DECISIONS will lead to the further demise of the US economy. Let the economny balance itself on its own. Then you will be able to make a much better educated decision on how to stimulate the economy.

DO NO waste Tax-Payer dollars on the bailout! Here's an idea: Give $2500 stimulus refunds to every tax-payer and let them decide if they want to donate it to the banks. The US government needs to stop "stealing" the hard-earned money of the hard-working tax-payers and stop spending it on things they don't agree on.

View this other site for more comments from the US public and the rest of the world about this COMPLETELY WRONG idea of a Bailout. http://newsforums.bbc.co.uk/nol/thread.jspa?forumID=5388&edition=2&ttl=20081001194521

Posted by: Ashton1 | October 1, 2008 3:15 PM | Report abuse

"So really I don't fight it. I invite it." Palin

This hardly sounds like "a war" with the media. So this is another spin by the POST to favor Obama.


Posted by: 5280sail | October 1, 2008 10:40 AM | Report abuse

What's in a Vote?

The following Democratic Representatives voted against the bailout package:


1. Rep. Brad Sherman, CA
2. Rep. William Lacy Clay, MO
3. Rep. Joe Baca, CA
4. Rep. Stephen F. Lynch, MA
5. Rep. David Scott, GA
6. Rep. Al Green, TX
7. Rep. Emanuel Cleaver, MO
8. Rep. Lincoln Davis, TN
9. Rep. Paul W. Hodes, NH
10. Rep. Andre Carson, IN
11. Rep. Don Cazayoux, LA
12. Rep. Travis Childers, MS

What is the significance of these 12? They all serve on the House Committee of Financial Services, chaired by Barney Frank! That was the difference between passing the bailout.

Posted by: Verrazzano | September 30, 2008 5:29 PM | Report abuse

I disagree with those who say "this is not the time to affix blame, just fix it". This is PRECISELY the time when we MUST affix responsibility, determine exactly what happened, and who did it, so that:
(1) we can determine how to fix it, instead of running around taking ill-considered actions that might make things worse instead of better; and
(2) so that we don't permit the same mistakes to be made again.

The loudest calls that we shouldn't be looking for someone to blame" are going to come from those who know that they ARE to blame, and who hope everyone else doesn't find out.

Posted by: Iconoblaster | September 30, 2008 5:15 PM | Report abuse

McCain may, at some future date that might even be before Nov 4, be able to claim he's the "winner" in the bailout SNAFU. But only because he's had so many positions over the last 3+ weeks.

Posted by: Roofelstoon | September 30, 2008 5:11 PM | Report abuse

Another stimulus package won't recover our economy just like the first one.

Being an Independent, I can't believe Dems don't learn their lesson from the first stimulus package, which assumes that people are stupid and they will actually spend their $1200 check for worthless merchandise on the store shelves. If the American corporations cannot produce quality goods in the US, why should we spend our $1200 on foreign made goods to stimulate China or India? Of course, we used that check to pay down our debt. This interest income reduction from many $1200 paydown must have been one of the reasons the financial industry is suffering. If this is true, a second stimulus package will cause more grief to Wall Street. Perhaps we should all start paying cash, instead of credit cards. They charge all kinds of fees and we should not continue supporting them.

Posted by: dummy4peace | September 30, 2008 1:10 PM | Report abuse

VOTE NO ON THURSDAY!

When Congress meets on Thursday, the Paulson Bail-Out Legislation should not be accepted in any form! Purchasing paper that the market says is worthless is no solution at all. Setting fair prices while avoiding graft and fraud will be very costly and probably impossible. Recent bail-outs have already cost the US taxpayers about $700bn. This bill will increase US debt to about $12 trillion while doing nothing to prevent further consolidation and restructuring by US banks. Foreign lenders now hold about 40% of US debt. This bill may reassure them for a short while until they see that US debt continues to increase while GDP declines. It may delay but will certainly not prevent a recession in the US. This bill will reward and encourage further irresponsible behavior by bankers and investors. In effect this bail-out will transfer $700bn from the poorest 90% (taxpayers) to prevent losses incurred by the richest 10% (the wealthy investors who hold debt derivatives and shares in these investment banks). In addition to transferring public wealth to political friends of both parties in the Wall Street community, this bill will severely limit spending on social programs for many years to come! We should demand a better alternative.

Perhaps in anticipation of possible rejection of the Paulson plan, the five big investment banks: Bear Stearns, Merrill Lynch, Lehman Brothers, Goldman Sachs and Morgan Stanley, have morphed into regular banks. In effect, the investment banks have increased their asset base while transferring their bad debt assets to commercial banks. I expect the bank executives believe the government will be less willing to allow these banks to fail.

Perhaps the Paulson bill is no longer required. If these new banks require additional liquidity, existing regulations allow them to borrow from the Fed and/or sell assets to raise this capital themselves. If no private investors are interested and if one of these banks is unable to operate at a profit, we should allow that bank to fail and let any remaining assets be purchased by other investors. In the event that the remaining banks (including the many regional banks) are unable to provide consumer loans and adequate operating capital to US businesses, then and only then should the federal government buy or establish a national bank for this purpose.

Meanwhile we need to re-establish and enforce investment banking regulations. Also we need an independent investigation to understand how and why the investment banks and government got us into this liquidity crisis so it can be prevented in future. It is possible that stock manipulation and outright fraud has been committed in recent months.

Posted by: PeterMackrael | September 30, 2008 12:42 PM | Report abuse

VOTE NO ON THURSDAY!

When Congress meets on Thursday, the Paulson Bail-Out Legislation should not be accepted in any form! Purchasing paper that the market says is worthless is no solution at all. Setting fair prices while avoiding graft and fraud will be very costly and probably impossible. Recent bail-outs have already cost the US taxpayers about $700bn. This bill will increase US debt to about $12 trillion while doing nothing to prevent further consolidation and restructuring by US banks. Foreign lenders now hold about 40% of US debt. This bill may reassure them for a short while until they see that US debt continues to increase while GDP declines. It may delay but will certainly not prevent a recession in the US. This bill will reward and encourage further irresponsible behavior by bankers and investors. In effect this bail-out will transfer $700bn from the poorest 90% (taxpayers) to prevent losses incurred by the richest 10% (the wealthy investors who hold debt derivatives and shares in these investment banks). In addition to transferring public wealth to political friends of both parties in the Wall Street community, this bill will severely limit spending on social programs for many years to come! We should demand a better alternative.

Perhaps in anticipation of possible rejection of the Paulson plan, the five big investment banks: Bear Stearns, Merrill Lynch, Lehman Brothers, Goldman Sachs and Morgan Stanley, have morphed into regular banks. In effect, the investment banks have increased their asset base while transferring their bad debt assets to commercial banks. I expect the bank executives believe the government will be less willing to allow these banks to fail.

Perhaps the Paulson bill is no longer required. If these new banks require additional liquidity, existing regulations allow them to borrow from the Fed and/or sell assets to raise this capital themselves. If no private investors are interested and if one of these banks is unable to operate at a profit, we should allow that bank to fail and let any remaining assets be purchased by other investors. In the event that the remaining banks (including the many regional banks) are unable to provide consumer loans and adequate operating capital to US businesses, then and only then should the federal government buy or establish a national bank for this purpose.

Meanwhile we need to re-establish and enforce investment banking regulations. Also we need an independent investigation to understand how and why the investment banks and government got us into this liquidity crisis so it can be prevented in future. It is possible that stock manipulation and outright fraud has been committed in recent months.

Posted by: PeterMackrael | September 30, 2008 12:15 PM | Report abuse

McCain couldn't even get the Arizona reps to vote "yes" for this bill. So much for his leadership and ability to get things done.

Posted by: chantooz | September 30, 2008 10:09 AM | Report abuse

Illegal immigration and the mortgage mess by Michelle Malkin Creators Syndicate Copyright 2008

The Mother of All Bailouts has many fathers. As panicked politicians prepare to fork over a trillion dollars in taxpayer funding to rescue the financial industry, they’ve fingered regulation, deregulation, Fannie Mae and Freddie Mac, the Community Reinvestment Act, Jimmy Carter, Bill Clinton, both Bushes, greedy banks, greedy borrowers, greedy short-sellers, and minority home ownership mau-mauers (can’t call ‘em greedy, that would be racist) for blame.

But there’s one giant paternal elephant in the room that has slipped notice: How illegal immigration, crime-enabling banks, and open-borders Bush policies fueled the mortgage crisis.

It’s no coincidence that most of the areas hardest hit by the foreclosure wave – Loudon County, Virginia, California’s Inland Empire, Stockton, San Joaquin Valley, Las Vegas, and Phoenix, for starters — also happen to be some of the nation’s largest illegal alien sanctuaries. Half of the mortgages to Hispanics are subprime (the accursed species of loan to borrowers with the shadiest credit histories). A quarter of all those subprime loans are in default and foreclosure.

Regional reports across the country have decried the subprime meltdown’s impact on illegal immigrant “victims.” A July report showed that in seven of the 10 metro areas with the highest foreclosure rates, Hispanics represented at least one-third of the population; in two of those areas – Merced and Salinas-Monterey, Calif. – Hispanics comprised half the population. The amnesty-promoting National Council of La Raza and its Development Fund have received millions in federal funds to “counsel” their constituents on obtaining mortgages with little to no money down; the group almost succeeded in attaching a $10 million earmark for itself in one of the housing bills passed this spring.

For the last five years, I’ve reported on the rapidly expanding illegal alien home loan racket. The top banks clamoring for their handouts as their profits plummet, led by Wachovia and Bank of America, launched aggressive campaigns to woo illegal alien homebuyers. The quasi-governmental Wisconsin Housing and Economic Development Authority jumped in to guarantee home loans to illegal immigrants. The Washington Post noted, almost as an afterthought in a 2005 report: “Hispanics, the nation’s fastest-growing major ethnic or racial group, have been courted aggressively by real estate agents, mortgage brokers and programs for first-time buyers that offer help with closing costs. Ads proclaim: “Sin verificacion de ingresos ! Sin verificacion de documento !” — which loosely translates as, ‘Income tax forms are not required, nor are immigration papers.’”

In addition, fraudsters have engaged in massive house-flipping rings using illegal aliens as straw buyers. Among many examples cited by the FBI: a conspiracy in Las Vegas involving a former Nevada First Residential Mortgage Company branch manager who directed loan officers and processors in the origination of 233 fraudulent Federal Housing Authority loans valued at over $25 million. The defrauders manufactured and submitted false employment and income documentation for borrowers; most were illegal immigrants from Mexico. To date, the FBI reported, “58 loans with a total value of $6.2 million have gone into default, with a loss to the Housing and Urban Development Department of over $1.9 million.”

It’s the tip of the iceberg. Thanks to lax Bush administration-approved policies allowing illegal aliens to use “matricula consular cards” and taxpayer identification numbers to open bank accounts, more forms of mortgage fraud have burgeoned. Moneylenders still have no access to a verification system to check Social Security numbers before approving loans. In an interview about rampant illegal alien home loan fraud, a spokeswoman for the U.S. General Accounting Office told me five years ago:

“Considering the size of Los Angeles, New York, Chicago, Houston, and other large cities throughout the United States known to be inundated with illegal aliens, I don’t think the federal government is willing to expose this problem for financial reasons as well as for fear of political repercussions.”

Chickens coming home to roost. And Washington wants law-abiding, responsible taxpayers to pay for it.


INSIST THE BAILOUT 'NAY' VOTE STANDS!!

Posted by: AJAX2 | September 30, 2008 10:06 AM | Report abuse

BAILOUT COULD DEEPEN CRISIS, CBO Chief Says

The director of the Congressional Budget Office testified that the proposed Wall Street bailout could actually worsen the current financial crisis.

During testimony before the House Budget Committee, Peter R. Orszag -- Congress's top bookkeeper -- said the bailout could expose the way companies are stowing toxic assets on their books, leading to greater problems.

"Ironically, the intervention could even trigger additional failures of large institutions, because some institutions may be carrying troubled assets on their books at inflated values," Orszag said in his testimony. "Establishing clearer prices might reveal those institutions to be insolvent."


THE PEOPLE HAVE SPOKEN - INSIST THE 'NAY' VOTE STANDS!!

Posted by: AJAX2 | September 30, 2008 9:49 AM | Report abuse

ENOUGH! I woke up to CNBC this morning at 4:45 AM to see a triple-chinned Republican tell viewers we need LESS REGULATION! I'm so pissed at CNBC I'd like to smash the tv screen. Somebody needs to slap the House Republicans into reality. Must we all get ruined while they WHINE and WAIT for a "sweetener" to cajole them into passing this bill? I hope the DEMS just walk out en masse on them. DO SOMETHING BIG to let these #$%^@#$ know we don't believe their crap. And to the bloggers who don't agree with me: WAKE UP, IDIOTS!

Posted by: blosmurph | September 30, 2008 9:28 AM | Report abuse

King of Zouk -

Lets see - blame Barney Frank? Since the GOP controlled the House from 1994-2006 just how is he responsible? More GOP wing-nuts like you and the country will be down the tubes. Fannie & Freddie were used by Newt Gingrich & Tom DeLaye to employ their ideological off-spring...along with K Street - the SEC - the FEC and every other place they could be placed, Blame Pelosi for being partisan - Wow - what about the past GOP speakers???? Just which GOP spot do you work at Zouk?

Posted by: Wahoobear | September 30, 2008 8:52 AM | Report abuse

Democrats do nothing,
except blame republicans.
Nobama

Posted by: USA3 | September 30, 2008 8:37 AM | Report abuse

If Nancy Pelosi had kept her partisan mouth shut, not just yesterday, but since she ascended to be Speaker, Congress might actually have accomplished something. What, really, has this creature accomplished in her time in that position except to be a partisan obstructionist?
Everyone wants to blame Bushie, and McCain, but the fact of the matter is that Congress makes the rules, and Congress spends the money, and Congress could have taken action long before this. Only self-serving egotistical cretins like Pelosi were more interested in placing blame than in earning the +/-$162,000 we pay them every year to run our country.

You want real change? Vote out every incumbent in Congress who's running this year - just plain fire them for not doing their jobs. Maybe when the life-long legislature understands that it can be sent home in disgrace we'll see some real progress and an end to gridlock. And esp. get rid of that mouthy hag who is just a couple of heartbeats away from the Presidency. Now THAT'S scary.

Posted by: elephant4life | September 30, 2008 6:19 AM | Report abuse

If Nancy Pelosi had kept her partisan mouth shut, not just yesterday, but since she ascended to be Speaker, Congress might actually have accomplished something. What, really, has this creature accomplished in her time in that position except to be a partisan obstructionist?
Everyone wants to blame Bushie, and McCain, but the fact of the matter is that Congress makes the rules, and Congress spends the money, and Congress could have taken action long before this. Only self-serving egotistical cretins like Pelosi were more interested in placing blame than in earning the +/-$162,000 we pay them every year to run our country.

You want real change? Vote out every incumbent in Congress who's running this year - just plain fire them for not doing their jobs. Maybe when the life-long legislature understands that it can be sent home in disgrace we'll see some real progress and an end to gridlock. And esp. get rid of that mouthy hag who is just a couple of heartbeats away from the Presidency. Now THAT'S scary.

Posted by: elephant4life | September 30, 2008 6:11 AM | Report abuse

I look at the Bailout Plan like a battlefield. This is not the time for pointing fingers nor the time we need to blame for who ever cause the predicament we got ourselves into. America is in distress, and it need its citizens to help get her up.
People of America, I beg you, HELP HER GET UP BACK ON HER FEET. SHE'S STRUGGLING AND SHE NEED OUR HELP. If you truly love this country, and truly truly care for her, please set aside your personal differences and help her get up. She need your help more than ever right now.
Please don't let her down, she has given us more than we deserve, give her back what we have taken from her.
Whichever way you look at the bailout, we can not wait to see her suffer, this is her lifeline to survive, please don't leave her helpless. Please, I beg of you people of America, your help is most deserving at this moment in time.

Posted by: prudencerussell | September 30, 2008 4:08 AM | Report abuse

I look at the Bailout Plan like a battlefield. This is not the time for pointing fingers nor the time we need to blame for who ever cause the predicament we got ourselves into. America is in distress, and it need its citizens to help get her up.
People of America, I beg you, HELP HER GET UP BACK ON HER FEET. SHE'S STRUGGLING AND SHE NEED OUR HELP. If you truly love this country, and truly truly care for her, please set aside your personal differences and help her get up. She need your help more than ever right now.
Please don't let her down, she has given us more than we deserve, give her back what we have taken from her.
Whichever way you look at the bailout, we can not wait to see her suffer, this is her lifeline to survive, please don't leave her helpless. Please, I beg of you people of America, your help is most deserving at this moment in time.

Posted by: prudencerussell | September 30, 2008 4:05 AM | Report abuse

Today I was reading an article that showed a "Country First" sign from the McCain campaign. My daughter asked, "Is that another bank that's failing?"

Well, sort of : ).

Posted by: rd3309 | September 30, 2008 3:30 AM | Report abuse

Are conservatives a suicide cult?

The era of Bush is coming to an ignominious end. Predictions suggest that Republicans are set to lose seats in both the House of Representatives and the Senate. The US economy and the financial markets get deeper into crisis. A bail out package is prepared by the Treasury Secretary and the head of the Federal Reserve. It is put forward by President Bush; backed by the leaders of both parties in both chambers of Congress - and the two Presidential candidates.

Yet the package was rejected by the House of Representatives - and stock markets took a historic nose dive. The major villains were the conservatives (in both parties, but mainly in the Republican Party). They baulked at government intervention. How reminiscent of the blind ideology that caused the great depression.

So why do I suggest the conservatives are a suicide cult? Not only are they in the process of destroying themselves (that's been going on for some time - they were hit badly in the 2006 Elections - and seemed poised for a further hit this November) - but they seemed to be determined to take everyone with them. Some on the left accused FDR of saving capitalism from itself - today's conservatives are trying to stop that happening again.

Posted by: jdavidmorgan1 | September 30, 2008 3:02 AM | Report abuse

Aprogressiveindependent
- Nice comment

Officermancuso
- whats OOPs about saying it is a nice picture.

king_of_zouk
- Barney Frank, I think, has actually come out of this with a little credit. He does seem to be acting to do as much as he can in a honest way and your quotes of his seem ok to me.

Both parties can claim that they made suggestions in the past to fix this problem. The dems in 1994 when Greenspan rejected their proposals for regulation in this area and as you rightly say Greenspan himself much later with a different solution.

My view is that the real failure has been with congress over the last 30 years to address problems by taking a head in the sand approach to markets and with the current president who lets face it, isn't very good. ;)


Posted by: iambilco | September 30, 2008 3:02 AM | Report abuse

The contention by some Republicans Ms. Pelosi's speech offended some of them enough to change their votes has been proven false in an article currently at this website. As the reporter(s) state, few Republicans heard her speech, none of them seemed to resent her statements and Republican House leaders later conceded her speech had nothing to do with the defeat of the bill. They acknolwedged they lacked enough votes to pass the bailout bill.

McCain and his campaign continue in their efforts to manipulate some voters into thinking he is not partisan and played a major role in the compromise he prematurely believed would pass. In fact, his role has been more noticeably partisan and seeking political advantage for himself than any other significant politician, in the Bush administration or Congress, Democrat or Republican.

Posted by: Aprogressiveindependent | September 30, 2008 12:32 AM | Report abuse

The contention by some Republicans Ms. Pelosi's speech offended some of them enough to change their votes has been proven false in an article currently at this website. As the reporter(s) state, few Republicans heard her speech, none of them seemed to resent her statements and Republican House leaders later conceded her speech had nothing to do with the defeat of the bill. They acknolwedged they lacked enough votes to pass the bailout bill.

McCain and his campaign continue in their efforts to manipulate some voters into thinking he is not partisan and played a major role in the compromise he prematurely believed would pass. In fact, his role has been more noticeably partisan and seeking political advantage for himself than any other significant politician, in the Bush administration or Congress, Democrat or Republican.

Posted by: Aprogressiveindependent | September 30, 2008 12:29 AM | Report abuse

Nancy Pelosi spoke to the issues and the proposed Bill.

Republicans disagreed with her comments and views.

Republicans, in the majority, voted against the proposed Bill.

Now, they are blaming Namcy Pelosi. *LOL*

McCain, McCain, McCain, where art thou??

Don your cape and head to Washington right away. *LOL*

Posted by: NorthernPolarBear | September 29, 2008 11:42 PM | Report abuse

Nancy Pelosi spoke to the issues and the proposed Bill.

Republicans disagreed with her comments and views.

Republicans, in the majority, voted against the proposed Bill.

Now, they are blaming Namcy Pelosi. *LOL*

McCain, McCain, McCain, where art thou??

Don your cape and head to Washington right away. *LOL*

Posted by: NorthernPolarBear | September 29, 2008 11:36 PM | Report abuse

I am sure, as the previous poster notes, that there are Republicans out there who once were Democrats. These folks generally switched parties in the 1980s as they revolted on either social/cultural issues, or in opposition to social upheaval of the 1960s and 1970s. I'll acknowledge that the Democratic Party has moved leftward over the past 40 years, just as the Republican Party has moved rightward. I think though that the Republican Party has become the more extreme ideological party in recent years, particularly the past eight years. By that I mean that the Republican Party now represents a narrower range on the left/right ideological continuum than does the Democratic Party.

I lament the general reduction in centrist elected officials from both parties, as in years past, they often formed the fulcrum for bipartisan, consensus-oriented policies. I'll hold to the view that the largely complete disappearance of "liberal" Republicans, and the great decline in the number of moderate Republicans at the national level in recent years is unfortunate for the fate of the nation.

Posted by: OHIOCITIZEN | September 29, 2008 11:23 PM | Report abuse

I won't be holding my breath waiting for genuine bipartisanship from politicians who represent a nation which has come to accept that football players deliberately try to injure each other in professional games.

Posted by: officermancuso | September 29, 2008 11:21 PM | Report abuse

Ohiocitizen wrote:

"While both parties have become increasingly ideological and less centrist-oriented in recent years in the candidates they offer for election at all levels, the Republican Party in particular has become increasingly narrow in its ideology. The increased "ideologization" of the Republican Party as a right-wing party is the key component of American Politics of the early 21st century. It is this intensified ideological outlook of each party that has resulted in polarized politics, which has effectively alienated many centrist-oriented voters."

To many Republicans who used to be Democrats, it looks like the Roe-v-Wade or die Democratic party, which is nowhere near as focused as it used to be on the concerns of native born wage laborers, is guilty of the very sin you charge to its adversary. Beauty is in the eye of the beholder.

I am for Obama/Biden '08

Posted by: officermancuso | September 29, 2008 10:58 PM | Report abuse

OOPS

37thandOStreet wrote, "Excellent Picture was it actually taken today?"

AsperGirl wrote, "Great picture, by the way. Might try to paint it, with the blue roiling fury above the sprawled white harshness."

Posted by: officermancuso | September 29, 2008 10:33 PM | Report abuse

Wow, those billions of dollars spent in Iraq would be kind of nice right about now. OBL's stated goal was never to beat us militarily, but to provoke us into a fight that would drive our economy into the ground. So this leaves me wondering, did the terrorists beat us, or did we beat ourselves?
Either way, I don't think they need to worry about us meddling in Middle Eastern affairs from here on out. We have a much more pressing (and realistic) threat now; and we can't bomb our way out of this mess.

Posted by: Terrorfied | September 29, 2008 10:27 PM | Report abuse

Chris Shays appeared earlier tonight on "Race for the White House" and explained his vote in support and sounded very sensible. While as a Democrat I'd really like to see the D's win as many House seats as possible, it also seems to me that when we lose moderate common-sense Republican voices like Chris Shays as has happened in recent years, the country loses something. These are the types of politicians who are usually willing to put partisan politics aside, to work for centrist positions, or positions that combine some positive elements from each side that can develop widespread consensus.

The disappearance of principled moderate Republicans from Congress is not good for the country. I suggest that there are many voters across the country, especially in suburban areas, for whom the moderate Republican is the ideal candidate. While both parties have become increasingly ideological and less centrist-oriented in recent years in the candidates they offer for election at all levels, the Republican Party in particular has become increasingly narrow in its ideology. The increased "ideologization" of the Republican Party as a right-wing party is the key component of American Politics of the early 21st century. It is this intensified ideological outlook of each party that has resulted in polarized politics, which has effectively alienated many centrist-oriented voters.

Posted by: OHIOCITIZEN | September 29, 2008 10:25 PM | Report abuse

Excellent Picture was it actually taken today?


.

Posted by: 37thandOStreet | September 29, 2008 10:14 PM | Report abuse

The Origins Of The Fannie Mae Meltdown


http://www.youtube.com/watch?v=_MGT_cSi7Rs


http://www.youtube.com/watch?v=H5tZc8oH--o

The ORIGINS of the Fannie Mae Meltdown

Posted by: gdodd414 | September 29, 2008 9:53 PM | Report abuse

It's just all election-year hysteria. This time next year we'll be wondering what all the fuss was about.

-----------------------

My nominee for most asinine remark of the day. Not sure if it's just ignorance or denial....but definitely asinine.

Posted by: wpost4112 | September 29, 2008 9:51 PM | Report abuse

Quoting Krugman quoting a friend:

America has become a banana republic with nukes!

Posted by: trace-sc | September 29, 2008 9:45 PM | Report abuse

This vote puts the financial markets at risk, as the massive drop in the Dow Jones Index indicated. Aside from the potentially catastrophic consequences of the failure to act, House Republicans are largely responsible for the failure of this legislation. They clearly have been the group holding up the necessary legislation.

However, there is enough blame to go around. The Democratic leadership erred in not ensuring they had enough support to pass the bill prior to bringing it to a House vote. While it is not surprising that so many House Members from both parties who are in close elections voted in opposition, I am truly surprised that so many from very safe districts opposed the Economic Stabilization package.

I'd really like to hear from those in close races who put politics aside and supported the plan, like Democrat Jim Marshall of Georgia and Republican John Porter of Nevada. These guys put aside personal narrow partisan political interest to vote in the national interest, while you had so many grandstanding in opposing the national interest.

But nobody is interviewing them. Another example that the loudmouth grandstanders of both parties who oppose the national interest are the ones who get the platform. Those voting to put politics aside and vote in the national interest are ignored. Why is this so?

Posted by: OHIOCITIZEN | September 29, 2008 9:35 PM | Report abuse


It's just all election-year hysteria. This time next year we'll be wondering what all the fuss was about.

Posted by: blasmaic | September 29, 2008 9:25 PM | Report abuse

"Obama had been calm, sober and serious", i.e. ... present!

Posted by: trace-sc | September 29, 2008 9:20 PM | Report abuse

Robertjames1 wrote, "Franklin Delano Roosevelt acted magnificently when he embarked on a spending program to pull America out of the Great Depression."

I couldn't agree more. "Bold experimentation" became his motto, once in office confronted with the horrors of the Great Depression. And his encounters with Republicans once he had presidential responsibility radicalized him.

It's also worth remembering that in the 1932 campaign his sharpest attack on Herbert Hoover was castigating Hoover for failing to balance the budget. Roosevelt promised to balance it. Eight years later he campaigned on a promise to keep the USA out of Europe's wars.

Politics, it's often been observed, is like sausage-making. If you've got to eat the product, you need a strong stomach to watch the process.

Posted by: officermancuso | September 29, 2008 9:15 PM | Report abuse

Great picture, by the way. Might try to paint it, with the blue roiling fury above the sprawled white harshness.

Posted by: AsperGirl | September 29, 2008 9:02 PM | Report abuse

good to see the voters in control here, they have it right.

-----------------

96% of the voters don't know crap about the economy or the bill in question. All they know is "bail-out"...which is wrong to begin with (Thank you Paulson and Bush).

Our elected officials are not elected to vote whatever the voters want...it is to vote according to their intelligence and their conscience.
That's why we are a REPRESENTATIVE Democracy, not a pure democracy (mob rule).

The Repubs and Dems are failing in their moral and political duties.

Posted by: wpost4112 | September 29, 2008 8:59 PM | Report abuse

During the 2006 election, Pelosi and Reid assured us the Dems would provide OVERSIGHT!
ha!
After the Dems won, Chris Dodd, the Chairman of the Banking and Housing Committee, immediately jumped into the presidential race to promote his book - KNOWING federal regulators and Repubs had WARNED that Fannie and Freddie were on a collision course.

Obama chose the Fannie Mae CEO to select his VP. Who did he suggest? Joe Biden - in bed with the credit card companies.

Dems have attempted to innoculate themselves against any accountability. That's why Obama HAS TO WIN!

Since Obama is the ONLY DEM to state Bush and Cheney HAVE NOT committed impeachable offenses - it's doubtful he'd hold corporations accountable that paved his way to the White House.

No thanks! We have more faith in John McCain to provide oversight and hold corporations accountable.
McCain has bucked his own party and Bush.
Obama is a go along guy and has never stood up to Dems.


Posted by: marty123xyz | September 29, 2008 8:58 PM | Report abuse

good to see the voters in control here, they have it right. the fact that some on the right have put together blame pieces that quickly suggests something's awry, there's an attempt to manipulate here.

Posted by: e9999999 | September 29, 2008 8:50 PM | Report abuse

the fact that some on the right could put together blame pieces like that, this quickly, suggests to me someone wanted this to happen in an election year

Posted by: e9999999 | September 29, 2008 8:47 PM | Report abuse

Posted by: marty123xyz | September 29, 2008 8:47 PM | Report abuse

McCain politicized the process by trying to look like he was in charge. There are 12 Republicans who today have caused every retirement portfolio to loose huge amounts of money. These people have to be held responsible for holding this nation hostage to their power play. This is classic rump Republican tactics. Bush has lost all credibility and has no power over his own party. Are we supposed to believe McCain is in charge? That is a scary joke.

Posted by: jeffl240 | September 29, 2008 8:47 PM | Report abuse

It will not hurt any of you to think a little bit deeper than the slogans to which you cling.

Unfortunately, the American financial markets were not well monitored or regulated with prudential controls. Of course, this was an example of America's belief in a free market. Well, it has been so free that no one was watching what was happening until it went into free fall.

The notion that huge sums of money should be shifted around the economy in the absence of an effective watchdog is irresponsible. Other nations closely monitor how money is moved and, of course, they do not allow their markets to slip over the edge of a precipice before they impose a reversal.

For those of you who are opposed to 'socialism' just remember that once you lose your jobs and houses and investments and sense of security and go into a state of despair you can ask the government for assistance. Will that be 'socialism' or will that word be forgotten once you become desperate for a meal, shelter and a job.

Franklin Delano Roosevelt acted magnificently when he embarked on a spending program to pull America out of the Great Depression. No doubt, some of you will regret, 'as a matter of principal', that he stopped so many people leading aimless lives and permanently living without hope or direction or relief from never ending drudgery.

The US government now has to spend its way out of a dilemma. It will not be able to stop ramifications but it can reduce their impact unless enough of you decide that you cannot handle an economy that it more prosperous than that of the 1920s and 1930s. Maybe some of you will just hate having a job and not queuing in front of soup kitchens.

If you do not believe doom and gloom is just around the corner then contemplate why you cannot afford the nation's financial institutions to fall. The fact is you are not saving 'fat cats' you are saving yourself. These companies are significant players in the functioning of the economy. Their interests are so intertwined that it one falls it will drag others down. This will have international effects. If you don't believe me then I suggest that you wait for a few months while your belief in slogans, rather than knowledhe, is allowed to prove my point.

I suggest that you keep your economy functioning and once the ship of state stops sinking you might just introduce regulations to control this market so that it is prevented from taking the nation, and its trading partners, into free fall.

The government is intending to acquire assets. They are subject to loans that are not being serviced. They are not giving the money away. If the econoy stays afloat then these assets will be sold over time and the government will recover its investment with a slight profit.

If the saving strategy is handled badly then the US will sink into the oblivion called bankruptcy. If you do not believe me just remember that the US and you have been borrowing to stay afloat and that your funds come from outside the US.

As for the politicians proclaiming that they do not believe in saving failing businesses I suggest that they look a little bit further and a little bit deeper and identify the consequences of their 'principled' stand. These guys are more interested in being re-elected than in biting the bullet and saving you from poverty and the reason is that you chant silly slogans about 'socialism' Why don't you see it as a sensible investment in the nation's security and the welfare of its citizens which will give you a fantastic return?

Posted by: robertjames1 | September 29, 2008 8:46 PM | Report abuse

Mccain crashing in intrade. Now down 26 points. I don't think I have even seen someone drop that fast in one of their political trades.
Thay also have Obama winning by 138 electoral votes.

Posted by: popasmoke | September 29, 2008 8:41 PM | Report abuse

If you had told me a week ago that I'd find myself in agreement with AsperGirl on anything other than the wonders of aspirin, I'd have considered you crazed.

I notice that Annette and I agree concerning Nancy Pelosi's role in today's events.

This could be the beginning of something beautiful ;) Or not....

Posted by: officermancuso | September 29, 2008 8:35 PM | Report abuse

Dear "Thisisreality"

Unless my history is wrong, I believe the white house has been inhabited by a Republican for 24 of the last 32 years.

The Congress has been controlled by the Republicans for 12 of the last 14 years, with absolute control of the white house, the house and the senate for the past 6 of 8 years.

Isn't a little incongrouous to blame the LIBs for everything from the financial meltdown, to the out-0f-control entitlement progrms, to the medical fiasco to surrender in Iraq, and of course Adam and Eve must have been Libs also for bringing "original sin" into the world--thank goodness it wasn't Rush or Sean being offered the apple.

Posted by: Clamm21 | September 29, 2008 8:33 PM | Report abuse

The "who started deregulation" accusations belong on the playground. In the 1990s, then as now, some of the regulation dating back to the 30's needed to be dropped, some needed to be changed, and yes, some needed to be added.

If the regulation or deregulation actions in the 90's were ineffective, or misguided or harmful, the Republicans, with control of the Administration for the last eight years and control of Congress for 12 of the last 14 years, (and with veto and fillibuster power to stymie any Democratic iniatives in the past two years), could easily have changed it.

Those who seek to put the blame on Clinton, should honestly ask themselves, what would they be saying in this economic melt down if Bill Clinton had been President the last eight years with a Democratic Congress for 12 of the last 14. They know what they would be saying.

For the record, Fannie and Freddie didn't buy or sell "sub-prime" loans, they can only buy "conforming loans" sub-prime loans are non-conforming; those damn facts just continue to have a liberal bias, don't they?

Posted by: fk451 | September 29, 2008 8:33 PM | Report abuse

The "who started deregulation" accusations belong on the playground. In the 1990s, then as now, some of the regulation dating back to the 30's needed to be dropped, some needed to be changed, and yes, some needed to be added.

If the regulation or deregulation actions in the 90's were ineffective, or misguided or harmful, the Republicans, with control of the Administration for the last eight years and control of Congress for 12 of the last 14 years, (and with veto and fillibuster power to stymie any Democratic iniatives in the past two years), could easily have changed it.

Those who seek to put the blame on Clinton, should honestly ask themselves, what would they be saying in this economic melt down if Bill Clinton had been President the last eight years with a Democratic Congress for 12 of the last 14. They know what they would be saying.

For the record, Fannie and Freddie didn't buy or sell "sub-prime" loans, they can only buy "conforming loans" sub-prime loans are non-conforming; those damn facts just continue to have a liberal bias, don't they?

Posted by: fk451 | September 29, 2008 8:33 PM | Report abuse

If you read the comments on this site, you can see the problem the US faces. Wild-eyed partisan views are everywhere, from the Congress to the typists. Now, when we need some intelligent leaders (and followers) we look in vain.

By Christmas time we shall see how many of the "let the mother burn" types are still engaged in macho typing and macho phone calls to Washington.

Posted by: rusty3 | September 29, 2008 8:29 PM | Report abuse

Of course McCain is to blame!! Here is proof of McCain's "Me First, Country Last" behavior: House Republican Whip Roy Blunt of Missouri is a lead negotiator. In an interview on MSNBC, Blunt said Republican presidential candidate John McCain's involvement in the discussion yesterday ``stopped a deal from finalizing.'' McCain, in his flailing attempts to regain momentum, is making a mockery of this election. He wanted to be the "Maverick" who came to DC to be the Leader in bailout negotiations. With Bush's help he planned to look like he brought everyone together. The attempt to inject himself into the process and gain headlines was a waste of valuable time. Now it has failed and we will all pay for his arrogance and deceit.

Posted by: jeffl240 | September 29, 2008 8:29 PM | Report abuse

If one browses the comments several conclusions are apparent. First, is that American are dumb. They have trouble reading and writing about even simple matters, and this so-called "bailout" is consequently ripe for the demogagues. Try to understand the following: corrupt media like the Washington Post use inflamatory terms like bailout when what is actually being suggested is the purchase of assets that are far more valuable than they are now being priced in a paniced market. As in the Great Depression, if performed with even a modicum of competence, these assets will in about two or three years be sold at a substanial profit, resulting in the government's returning a resonable gain to the taxpayer. That's exactly what happen under Roosevelt and the Great Depression. The Republican slimeballs that constitute about 2/3 of their party talk about turning the problem over to the private marketplace. Why? So the huge financial institutions can reap the tremendous profits instead of the taxpayers. Why do you think J. P. Morgan was so enthusiastic about buying Washington Mutual? As for who's to blame. That's a pretty simple one even for most of you. The Republican philosophy of deregulation which enabled the greedy business community, so in love, understandably, with the Republicans, to steal, cheat, and breeech any natural human sense of fairness or decency to maximize profit is obviously to blame. Why don't we play the next Super Bowl game without any officials. After all football is to important to encumber it with pesky regulations. Now don't get angry or get your feelings hurt. Try instead to learn something. ODUG

Posted by: odug | September 29, 2008 8:27 PM | Report abuse

Congress, the White House and the Fed already HAD oversight responsibility for the US economy.

Maybe giving them more money and power isn't the answer.

FREE AMERICA

REVOLUTIONARY (DIRECT) DEMOCRACY

Posted by: thc1138 | September 29, 2008 8:18 PM | Report abuse

To my mind, abc3's comment at 7:44 is the most balanced and incisive in this whole thread - even though he or she is surely lying about accidental alliteration ;)

Posted by: officermancuso | September 29, 2008 8:16 PM | Report abuse

The sub-prime mortgage mess, which caused this crisis, is a mess which belongs to the Democrats. FNMA, which was the principal cause in making this crisis happen, has been practically owned by the Democrats for the past few years. The failed bailout bill offered these Democrats some cover and they ran for it as fast as they could. Then the bailout bill fails, and the running Dems say "Oh, those mean Wepubwicans". Get out of town, Dems.

Posted by: ThisIsReality | September 29, 2008 8:14 PM | Report abuse

To my mind, abc3's comment at 7:44 is the most balanced and incisive in this whole thread - even though he or she is surely lying about accidental alliteration ;)

Posted by: officermancuso | September 29, 2008 8:14 PM | Report abuse

milbrooks27 wrote:

They were going to shove the bailout onto the laps of the Democrats and use public anger over that as a horse to ride into the election waving their new populist banner. Well, the Democrats TOLD THEM that they either supported THEIR presidents legislation or the deal was off.

I agree. This was a political trap for the Democrats. I don't see why any Democrat would support this legislation without something like unanimous support from the President's party. If it's going to be done with Democratic votes, then Dems should dictate the terms, and they should be more like the Swedish solution, with the taxpayer getting equity for our cash, just like Warren Buffett got for his 5 billion investment in Goldman last week. Banks should be forced to take writedowns before approaching the government for help. This *should* be a punitive process.

I don't see how Democrats lose right now by coming up with a more populist bill. Call the Republican bluff.

Posted by: scientist1 | September 29, 2008 8:14 PM | Report abuse

She's the Speaker of the United States House of Representatives, third in line for the Presidency. She's supposed to have some sense of how her perorations will affect votes in the chamber she leads, and you would hope that she has the ability to reign in her contentious partisanship when its expression could harm the nation.

-----------------

I have to agree. Nothing happens in a vacuum.

HOWEVER, the Repubs are equally at fault for allowing Pelosi's vainglorious stupidity to stop them from protecting MILLIONS of Middle Class Americans from economic ruin.

WE elected these people not to vote as we say but because we believe they know better. They have failed us.

ANd Bush more than any of them.

Posted by: wpost4112 | September 29, 2008 8:14 PM | Report abuse

10emlet, dereg started prior to Reagan firing the ATCers. The Airline Dereg Act (ADA) was signed in 1978. I believe that was during the Carter Admin. Dereg actually started during the Nixion Admin and continued up through the 1980s.

Posted by: itsagreatday1 | September 29, 2008 8:14 PM | Report abuse

milbrooks27 wrote:

They were going to shove the bailout onto the laps of the Democrats and use public anger over that as a horse to ride into the election waving their new populist banner. Well, the Democrats TOLD THEM that they either supported THEIR presidents legislation or the deal was off.

I agree. This was a political trap for the Democrats. I don't see why any Democrat would support this legislation without something like unanimous support from the President's party. If it's going to be done with Democratic votes, then Dems should dictate the terms, and they should be more like the Swedish solution, with the taxpayer getting equity for our cash, just like Warren Buffett got for his 5 billion investment in Goldman last week. Banks should be forced to take writedowns before approaching the government for help. This *should* be a punitive process.

I don't see how Democrats lose right now by coming up with a more populist bill. Call the Republican bluff.

Posted by: scientist1 | September 29, 2008 8:13 PM | Report abuse

10emlet, dereg started prior to Reagan firing the ATCers. The Airline Dereg Act (ADA) was signed in 1978. I believe that was during the Carter Admin. Dereg actually started during the Nixion Admin and continued up through the 1980s.

Posted by: itsagreatday1 | September 29, 2008 8:13 PM | Report abuse

Congress, the White House and the Fed already HAD oversight responsibility for the US economy.

Maybe giving them more money and power isn't the answer.

FREE AMERICA

REVOLUTIONARY (DIRECT) DEMOCRACY

Posted by: thc1138 | September 29, 2008 8:09 PM | Report abuse

10emlet, dereg started prior to Reagan firing the ATCers. The Airline Dereg Act (ADA) was signed in 1978. I believe that was during the Carter Admin. Dereg actually started during the Nixion Admin and continued up through the 1980s.

Posted by: itsagreatday1 | September 29, 2008 8:09 PM | Report abuse

6 years ago, I commented to some clients in California that their interest only mortgages were a recipe for disaster -- that if the market turned seriously down, everyone was going to walk out of their upside-down loans and leave the banks holding the notes on upside down properties. Repeat a few million times, and the banks themselves would go under.

I am not a genius, I am not an economist, and I am not even a banker. I was a sales guy, and now I am a teacher. It was just that obvious to anyone who took 5 minutes to think about it.

The thing that should scare us most is that people who should be smarter than this, and people who should care more than this, have been at the switch in both DC and the boardrooms for 25 years. In DC, nothing matters past the next election cycle. In boardrooms, nothing matters past the next quarterly report. That brilliant short-term thinking is killing this country.

This is Enron, writ large. The books on that disaster make you want to cry at the tragic myopia of the people in charge. We now know it wasn't Ken Lay -- it was a generation of leaders just like him.

The next 10 years is going to be beyond ugly, and it's going to be worldwide.

Posted by: starthom | September 29, 2008 7:52 PM | Report abuse

Jackman100 wrote, "There is no validity to the statements by republicans that Pelosi is to blame for their not backing this bill."

No one is accusing Speaker Pelosi of not backing this bill. The charge is that just before the vote she gave such a rancorously partisan speech that many Republicans who had been inclined to vote for it no longer opted to do so.

Her defenders say, "those Republicans are hurting the nation by allowing themselves a hissy fit in reaction to her speech." Wait a minute.

She's the Speaker of the United States House of Representatives, third in line for the Presidency. She's supposed to have some sense of how her perorations will affect votes in the chamber she leads, and you would hope that she has the ability to reign in her contentious partisanship when its expression could harm the nation.

Posted by: officermancuso | September 29, 2008 7:50 PM | Report abuse

It's no surprise that the American voter defeated this bill. No one bothered to explain to Joe SixPack of 101 Main Street why this was vital to him. He didn't understand that his 401(k) might be invested in securities that would tank if drastic action wasn't taken.

-----------------

EXACTLY!

Bush failed miserably by panicking Main Street instead of explaining that this is not a bail-out...it is a lifeline to Middle America's survival.

And McCain and Obama failed as well.

As did every congressperson who voted to save their own neck and not the necks of millions of Americans.

Posted by: wpost4112 | September 29, 2008 7:49 PM | Report abuse

It's no surprise that the American voter defeated this bill. No one bothered to explain to Joe SixPack of 101 Main Street why this was vital to him. He didn't understand that his 401(k) might be invested in securities that would tank if drastic action wasn't taken. Mrs SixPack wasn't informed that her job hinged on expansion of her employer's facilities that, in turn, rested on the availability of affordable and available loans. In short, the somber but meaningless speech given by the President and the platitudinous pronouncements of Paulsen, Pelosi, and others (no alliteration intended!) failed to tell the denizens of Main Street why government action is vital to their personal situations. It is, but they'll never get it.

Posted by: abc3 | September 29, 2008 7:44 PM | Report abuse

"Deregulation started under Clinton???" What whacky tabacy are you smoking? It ALL started when Reagan fired all the Air Traffic Controllers - that is when deregulation first started.

Posted by: 10emlet | September 29, 2008 7:42 PM | Report abuse

My represenative, Louie Gohmert spoke out against and voted against the bill. I doubt he read it or had any understanding of what was going on. He simply took a position that would make him popular with East Texas voters. He has never managed to bring in jobs above the the caliber of Walmart for the area. The one time I spoke with him, his entire conversation was about sharing a bar-b-que sauce receipe with President Bush and what a fine guy he was. I am sure Bush would rather have had a sane vote than saucie praise. I feel this is the mentality of almost all of the Republicans who voted against the bill. Look out for you re-election chances and if the country goes down the drain blame the Democrats. After all you were only in total power for six years and in executive power for eight, none of this could be your fault.

Posted by: txajohnson | September 29, 2008 7:40 PM | Report abuse


my guess is that george w. bush's book is coming to a close.. this is yet another waning chapter in;

George W Bush; A Failed Presidency

Posted by: presGWBfanclub | September 29, 2008 7:36 PM | Report abuse

It's no surprise that the American voter defeated this bill. No one bothered to explain to Joe SixPack of 101 Main Street why this was vital to him. He didn't understand that his 401(k) might be invested in securities that would tank if drastic action wasn't taken. Mrs SixPack wasn't informed that her job hinged on expansion of her employer's facilities that, in turn, rested on the availability of affordable and available loans. In short, the somber but meaningless speech given by the President and the platitudinous pronouncements of Paulsen, Pelosi, and others (no alliteration intended!) failed to tell the denizens of Main Street why government action is vital to their personal situations. It is, but they'll never get it.

Posted by: abc3 | September 29, 2008 7:36 PM | Report abuse

KMichaels wrote, "[Democrats argue that] because McCain is against wasteful regulations and for good regulations that this means he is flip-flopping".

Can you provide a rule of thumb for how McCain distinguishes between wasteful regulations and good regulations, or are you asking to simply trust in his virtue and perspicacity?

Posted by: officermancuso | September 29, 2008 7:36 PM | Report abuse

My represenative, Louie Gohmert spoke out against and voted against the bill. I doubt he read it or had any understanding of what was going on. He simply took a position that would make him popular with East Texas voters. He has never managed to bring in jobs above the the caliber of Walmart for the area. The one time I spoke with him, his entire conversation was about sharing a bar-b-que sauce receipe with President Bush and what a fine guy he was. I am sure Bush would rather have had a sane vote than saucie praise. I feel this is the mentality of almost all of the Republicans who voted against the bill. Look out for you re-election chances and if the country goes down the drain blame the Democrats. After all you were only in total power for six years and in executive power for eight, none of this could be your fault.

Posted by: txajohnson | September 29, 2008 7:36 PM | Report abuse

Where to begin?

Congress is receiving overwhelming calls in opposition to the Bill.

Congess and the President have said that we have to have this bailout but have not convinced the voters why. In fact they have been silent to the point of angering their constituencies. Before they can resolve these issues I believe they have to go public.

The 800 billion bailout proposed is only the tip of the bad debt that is haunting Wallstreet. If we get in for 800 billion dollars are we in for 50 trillion? Do we continue with more money after money already commited?

If the government starts to get ownership interest in these institutions then where does it end?

The hardest decision to make is to do nothing. I do not know if that is the right solution either, but I do believe we had best be sure that commiting ourselves to the bailout is the right course of action. And the congressman and presidential candidates had best be sure they have convinced their voters as to why we need to do this before commiting themselves.

Posted by: CitizenT | September 29, 2008 7:36 PM | Report abuse

My represenative, Louie Gohmert spoke out against and voted against the bill. I doubt he read it or had any understanding of what was going on. He simply took a position that would make him popular with East Texas voters. He has never managed to bring in jobs above the the caliber of Walmart for the area. The one time I spoke with him, his entire conversation was about sharing a bar-b-que sauce receipe with President Bush and what a fine guy he was. I am sure Bush would rather have had a sane vote than saucie praise. I feel this is the mentality of almost all of the Republicans who voted against the bill. Look out for you re-election chances and if the country goes down the drain blame the Democrats. After all you were only in total power for six years and in executive power for eight, none of this could be your fault.

Posted by: txajohnson | September 29, 2008 7:33 PM | Report abuse

Where to begin.

Congress is receiving overwhelming calls in opposition to the Bill.

Congess and the President have said that we have to have this bailout but have not convinced the voters why. In fact they have been silent to the point of angering their constituencies. Before they can resolve these issues I believe they have to go public.

The 800 billion bailout proposed is only the tip of the bad debt that is haunting Wallstreet. If we get in for 800 billion dollars are we in for 50 trillion? Do we continue with more money after money already commited?

If the government starts to get ownership interest in these institutions then where does it end?

The hardest decision to make is to do nothing. I do not know if that is the right solution either, but I do believe we had best be sure that commiting ourselves to the bailout is the right course of action. And the congressman and presidential candidates had best be sure they have convinced their voters as to why we need to do this before commiting themselves.

Posted by: CitizenT | September 29, 2008 7:33 PM | Report abuse

As Obama refines his message, changing to the exact opposite of previous statements, the MSM like WaPo and NYTimes and LATimes continue to report on his changed position but not on his changing positions.

Obama modifies his position until the poll numbers go up in his favor. That is an obvious sign of a consumate LIAR.

The problem today is not that Obama is yet another lying liberal politician. The problem is that the MSM are lapdogging for him and not reporting on his ever changing positions.

Then, to top that off, the claim that because McCain is against wasteful regulations and for good regulations that this means he is flip-flopping. This is the kind of perpetual lies that spew forth from both Obama and his lapdogs in the media.

Posted by: KMichaels | September 29, 2008 7:32 PM | Report abuse

Congress, the White House and the Fed already HAD oversight responsibility for the US economy.

Maybe giving them more money and power isn't the answer.

FREE AMERICA

REVOLUTIONARY (DIRECT) DEMOCRACY

Posted by: thc1138 | September 29, 2008 7:32 PM | Report abuse

As Obama refines his message, changing to the exact opposite of previous statements, the MSM like WaPo and NYTimes and LATimes continue to report on his changed position but not on his changing positions.

Obama modifies his position until the poll numbers go up in his favor. That is an obvious sign of a consumate LIAR.

The problem today is not that Obama is yet another lying liberal politician. The problem is that the MSM are lapdogging for him and not reporting on his ever changing positions.

Then, to top that off, the claim that because McCain is against wasteful regulations and for good regulations that this means he is flip-flopping. This is the kind of perpetual lies that spew forth from both Obama and his lapdogs in the media.

Posted by: KMichaels | September 29, 2008 7:25 PM | Report abuse

While you all take pot shots at the opposite party from you affiliations, remember that deregulation began under Clinton, setting the stage for the abuses under Bush. Both parties share equally for this mess.

Most of the people I have talked with the the past week objected to this "bailout" mainly because it was mostly a blank check to Treasury, and the CEO's and Boards of Director that caused the mess got off scott free with their Golden Parachutes (the bill only restricted future CEO's not current). As with the Patriot Act after 9/11, this was a crappy, poorly thought out, undebated bill. Now Congress needs to slow down, think this through, and come up with a solution that has checks and balances, lifts the burden of bad paper, penalizes those responsible, and makes sure that the Treasury has to come back to Congress for approval before the second half of the money is spent on a program that may not be working.(Convince America that their "investment" is of benefit to them, not just Wall Street fat cats.)

Congress can rarely pass a budget in less than 12 months of debate, compromise, and regulation. Yet 205 Representatives were willing to give Treasury nearly a trillion dollars after a weekend of discussions. How pathetic!

Posted by: mike19521 | September 29, 2008 7:25 PM | Report abuse

That's right harried, they called Leaders, not followers. Have you personally read the entire bailout literature, or are you privy to all of Paulson's information. No, you aren't. You elect people to take all the information and make a decision based on their best judgement. That's our political system - maybe you have lost that basic concept. You don't know all the necessary information, your representative does. They make the informed call, not you, because you are not nearly as informed. Think about it, and consider it before you make a moron out of yourself.

Posted by: semantic1 | September 29, 2008 7:24 PM | Report abuse

There is no validity to the statements by republicans that Pelosi is to blame for their not backing this bill.

Nancy Peleosi, Barney Frank, and many other people on both sides of the aisle worked tirelessly to put this together. This bill was a Republican Bill. This bill was submitted by the Republican President. The Democrats worked many a compromise to put this bill into action. Better than 2/3 of the Democrats voted for this measure. Less than 1/3 of Republicans voted for this measure. The agreement was that each party would assemble about half the needed votes.

And somehow the fallout of this failed vote is the fault of Democrats? GIVE ME A BREAK! I can't freaking wait for November 4th. I am sick and tired of the poor decision making skills and divisiveness, constant spin, rather than getting things done. Republicans be forewarned. The party is over not just for wall street.

Posted by: fortheclueless | September 29, 2008 7:24 PM | Report abuse

Was the wrong vote referenced. The article link goes to:
H R 3997 RECORDED VOTE 29-Sep-2008 2:07 PM
QUESTION: On Concurring in Senate Amendment With An Amendment
BILL TITLE: To amend the Internal Revenue Code of 1986 to provide earnings assistance and tax relief to members of the uniformed services, volunteer firefighters, and Peace Corps volunteers, and for other purposes

That's different from the bill I saw earlier on the House web site. Unfortunately, the House web site is now unavailable so I can't cite the bill the House had up. The voting records were much different between the two bills! Can someone verify the correct bill and vote?

Posted by: Jackman100 | September 29, 2008 7:23 PM | Report abuse

While you all take pot shots at the opposite party from you affiliations, remember that deregulation began under Clinton, setting the stage for the abuses under Bush. Both parties share equally for this mess.

Most of the people I have talked with the the past week objected to this "bailout" mainly because it was mostly a blank check to Treasury, and the CEO's and Boards of Director that caused the mess got off scott free with their Golden Parachutes (the bill only restricted future CEO's not current). As with the Patriot Act after 9/11, this was a crappy, poorly thought out, undebated bill. Now Congress needs to slow down, think this through, and come up with a solution that has checks and balances, lifts the burden of bad paper, penalizes those responsible, and makes sure that the Treasury has to come back to Congress for approval before the second half of the money is spent on a program that may not be working.(Convince America that their "investment" is of benefit to them, not just Wall Street fat cats.)

Congress can rarely pass a budget in less than 12 months of debate, compromise, and regulation. Yet 205 Representatives were willing to give Treasury nearly a trillion dollars after a weekend of discussions. How pathetic!

Posted by: mike19521 | September 29, 2008 7:20 PM | Report abuse

Is this Moron saying that POLITICIANS voted the way we people said they should,,and that's bad!!!

Posted by: harried | September 29, 2008 7:18 PM | Report abuse

Less than 24 hours ago I was reading press releases from the McCain campaign praising his leadership in making this deal possible.
Now suddenly it fails and that McCain thinks it is all Obama's fault.

Which is the lie? Not that it matters too much because it is McCain's lie either way.

Posted by: MarcMyWords | September 29, 2008 7:17 PM | Report abuse

Is this Moron saying that POLITICIANS voted the way we people said they should,,and that's bad!!!

Posted by: harried | September 29, 2008 7:17 PM | Report abuse

"It amazes me how liberals are blaming the Republicans for the bailout bill not passing. 133 Republicans DID vote against the bill but NINETY-FIVE DEMOCRATS VOTED AGAINST THE BILL as well. Why are the Republicans blamed while 95 members of Pelosi's own party are conveniently not blamed????"

133 Republicans comprise a hell of a lot bigger piece of the party than 95 Democrats.

And that piece is going to get bigger next year.

Posted by: DDAWD | September 29, 2008 7:15 PM | Report abuse

For all you McCain and Obama supporters alike! We our facing our worst crisis as a country that I’ve seen in my lifetime. Showing your lack of judgement by name calling isn’t going to solve any of our problems. Having someone in the White House that is pragmatic and who is willing to take on the world mess caused by the Neo-cons in a thought-out, sensible, rational and intelligent manner is what we need. So far, I haven’t seen that side of John McCain. Yes he’s a war hero and I respect all veteran’s that have served our country especially those that have given their lives for the Neo-cons sinceless wars. But waging unneccesary wars won’t solve our crisis at home but instead has made us even more unsafe.

I have seen quality in Obama he has shown even with his so called, “lack of experience” better judgement and leadership skills. He has skilled advisors around him to consult before making proper and balanced decisions. He is poised and well versed and level headed. He is smart enough to have gotten an election away from the white house inspite of the odds. For me that speaks volumes about who he is and the character he is made of.

Posted by: johnathanporterfield | September 29, 2008 7:15 PM | Report abuse

Obama on Obama:
"I do not flip flop. I do what I say I will do."

Obama on Iran:
"Iran, Cuba, Venezuela. These countries are tiny in comparison to Russia. They are not a threat."

Obama on Iran 9 months later:
"Iran is a huge threat ... yada yada yada."

Obama on campain funding:
"I will use the public funding system."

Obama on campain funding a few months later:
"I will not use public funding because it may not give me as much money as doing it the other way."

Obama on live birth abortions:
"I vote against this protection bill because it will get rid of roe vs wade."

Obama on live birth abortions:
"I wanted a better written bill like the fed version, then I would vote for it."

Obama on live birth abortions with same wording as the fed version:
"I am voting against this bill."

Obama on being a muslim:
"I was never a muslim."

Obama on being a muslim a few months later:
"I was raised as a muslim as a young child but I was not a practicing muslim."

Obama on Jeremiah Wright:
"He is a friend and a mentor and has taught me many good principles."

Obama on Jerermia Wright after he is exposed:
"I do not support the principles that he teaches."

Posted by: KMichaels | September 29, 2008 7:08 PM | Report abuse

"It amazes me how liberals are blaming the Republicans for the bailout bill not passing. 133 Republicans DID vote against the bill but NINETY-FIVE DEMOCRATS VOTED AGAINST THE BILL as well. Why are the Republicans blamed while 95 members of Pelosi's own party are conveniently not blamed????"

133 Republicans comprise a hell of a lot bigger piece of the party than 95 Democrats.

And that piece is going to get bigger next year.

Posted by: DDAWD | September 29, 2008 7:08 PM | Report abuse

Is this Moron saying that POLITICIANS voted the way we people said they should,,and that's bad!!!

Posted by: harried | September 29, 2008 7:04 PM | Report abuse

"Aspergirl is afraid of change. She has to drink if she sees a Democrat!"

"Well, I say, if you must drink to tolerate change, it is something we all can live with. Bottoms up!"

Posted by: freesurf | September 29, 2008 6:45 PM

Well, if you're empowered and enthused today, a day in which a trillion dollars worth of equity has been evaporated in the stock market, great for you!

Cheers,

Annette

Posted by: AsperGirl | September 29, 2008 7:02 PM | Report abuse

People compare this mess to the dot-com bust of the late '90's, and the extremely sharp 2 or 3 day stock market collapse in 1987. To do so is to miss the point.

1 year after the 1987 collapse, all the major market averages had reached new highs, and there were virtually no repurcussions in the job market.

It took stocks a bit longer to recover from the dot-com bust, and just as they were getting up a head of steam, 9/11 intruded. Even so, employment was barely effected; it was primarily a financial market phenomenon.

This time 'round, the main repository of wealth and spending power of ordinary U.S. citizens is collapsing - home values - at a time when record numbers of homeowners have gone into record debt based on the presumed value of their homes. And on top of that financial market speculation has leveraged the whole mess to an incredible degree.

What happened today was that the Titanic hit an iceberg. The aftermath won't be pretty.

Someday historians and economists may look back and laugh that anyone thought 700 billion dollars could buy our way out of this mess. If that's the case, had we not hit the iceberg today, we were bound to hit it next week, next January, or next April, and today's vote will pass into historical insignificance.

But make no mistake: This mess we are in today makes the 1987 market collapse and the dot com bubble look like tiny blips on the seismograph. This is a world-class mess.

Posted by: officermancuso | September 29, 2008 7:02 PM | Report abuse

Is this Moron saying that POLITICIANS voted the way we people said they should,,and that's bad!!!

Posted by: harried | September 29, 2008 6:58 PM | Report abuse

Travesty of Repug leadership.
They were more interested in keeping Terry Schiavo alive than in providing life support to working Americans and the US economy. Shame. SHame SHAME.
Way past time for the demise of the reactionary Dinosuars who charge foolishly into private personal affairs, yet grossly fail to protect and defend American citizens from the financial tsunamis caused by their abject failure to "police the area."
Adam Smith wrote not only of the "invisible hand" of the Market, but also of the visible hand of Government that was needed to ensure Morality and Ethics in the Marketplace. Every town in America counts on cops to protect citizens from theft and robbery; why should Wall Street investors not be subject to the same police protections from fraud and skullduggery.
We can only hope that this day will go down in Infamy as the Beginning of the End of RightWing Demagogy and Topsy-Turvy self-righteousness. If there's any justice, there will be runs on the bank in every district where elected leaders failed to lead, and buckled under pressure to do what was right for the country.

Posted by: morphnmomma | September 29, 2008 6:58 PM | Report abuse

mjkoch* - Still playing games with the facts, huh? Republican's voted 2:1 against the bill, Democrats voted 2:1 for it. The Democrats made it abundantly clear that they would not pass this unless a majority of Republican's voted for it -- it was, after all, their President's plan! Now, we get word that McCain was planning on voting against it so he could politicize this and use it in his race for the White House. What craven and dishonest and despicable bunch of two faced traitors you right wing nuts are. Have you no sense of decency. Do care not one whit for this country?

Posted by: mibrooks27 | September 29, 2008 6:56 PM | Report abuse

Travesty of Repug leadership.
They were more interested in keeping Terry Schiavo alive than in providing life support to working Americans and the US economy. Shame. SHame SHAME.
Way past time for the demise of the reactionary Dinosuars who charge foolishly into private personal affairs, yet grossly fail to protect and defend American citizens from the financial tsunamis caused by their abject failure to "police the area."
Adam Smith wrote not only of the "invisible hand" of the Market, but also of the visible hand of Government that was needed to ensure Morality and Ethics in the Marketplace. Every town in America counts on cops to protect citizens from theft and robbery; why should Wall Street investors not be subject to the same police protections from fraud and skullduggery.
We can only hope that this day will go down in Infamy as the Beginning of the End of RightWing Demagogy and Topsy-Turvy self-righteousness. If there's any justice, there will be runs on the bank in every district where elected leaders failed to lead, and buckled under pressure to do what was right for the country.

Posted by: morphnmomma | September 29, 2008 6:56 PM | Report abuse

And what happens if China or Saudi Arabia decides so sell out of the market tomorrow? Well, I guess the reds and blues could go ahead and go their separate ways, because we'd go bankrupt faster that you can say USSR.

Posted by: semantic1 | September 29, 2008 6:55 PM | Report abuse

Travesty of Repug leadership.
They were more interested in keeping Terry Schiavo alive than in providing life support to working Americans and the US economy. Shame. SHame SHAME.
Way past time for the demise of the reactionary Dinosuars who charge foolishly into private personal affairs, yet grossly fail to protect and defend American citizens from the financial tsunamis caused by their abject failure to "police the area."
Adam Smith wrote not only of the "invisible hand" of the Market, but also of the visible hand of Government that was needed to ensure Morality and Ethics in the Marketplace. Every town in America counts on cops to protect citizens from theft and robbery; why should Wall Street investors not be subject to the same police protections from fraud and skullduggery.
We can only hope that this day will go down in Infamy as the Beginning of the End of RightWing Demagogy and Topsy-Turvy self-righteousness. If there's any justice, there will be runs on the bank in every district where elected leaders failed to lead, and buckled under pressure to do what was right for the country.

Posted by: morphnmomma | September 29, 2008 6:54 PM | Report abuse

"Good day to get drunk..."

"From your posts, aspergirl, I'd say that for you, that's every day."

Posted by: drindl | September 29, 2008 5:52 PM

You're right. Every day that there is a freshman senator atop the Democratic ticket in an era of historic military strategic realignments, depression-provoking economic events, historic energy sector dislocations, nuclearizing middle east and a few other things to deal with, is a day to get drunk.

Posted by: AsperGirl |

Aspergirl. I'd suggest you go find a still up in the Kentucky Hills and be ready to sell a little on the side to support your needs. Because you're going to be drunk for a long time. I'm looking forward to working people getting all the breaks instead of the crooked corporations, war profiteers, and big money Republican operators for a change. It's our time working people. Too bad our brothers and sisters who have been propagandized by right wing corporate radio and news can't see through the trash they're being fed by the Republicans operators, who own 90% of the media. It'll take years to clean up this mess we've been left with, but we'll get it done as soon as we can get back to work on the 21st century infrastructure we need to build. And I'm counting on the Democrats to make it happen, even if the Republicans leave with all the money they've stolen from us, lock stock and barrel. I hope they make it snappy. If they want to leave the country and not pay their fair share of taxes, that will be fine, but they'll have to renounce their citizenship and won't ever be back allowed back in to visit.

Eisenhower supported those 91% marginal tax rates for those in the upper income brackets. We need to bring them back for those with 1/2 million $ or more in income a year. The people who ruined this economy should be expected to support building the new one. And we'll lower those rates for people making less than $250,000 a year. I'd prefer $150,000 but I'm willing to settle for $250,000 per year for the tax rates to climb over 20% and go up from there rapidly.

Posted by: Perry3 | September 29, 2008 6:54 PM | Report abuse

Travesty of Repug leadership.
They were more interested in keeping Terry Schiavo alive than in providing life support to working Americans and the US economy. Shame. SHame SHAME.
Way past time for the demise of the reactionary Dinosuars who charge foolishly into private personal affairs, yet grossly fail to protect and defend American citizens from the financial tsunamis caused by their abject failure to "police the area."
Adam Smith wrote not only of the "invisible hand" of the Market, but also of the visible hand of Government that was needed to ensure Morality and Ethics in the Marketplace. Every town in America counts on cops to protect citizens from theft and robbery; why should Wall Street investors not be subject to the same police protections from fraud and skullduggery.
We can only hope that this day will go down in Infamy as the Beginning of the End of RightWing Demagogy and Topsy-Turvy self-righteousness. If there's any justice, there will be runs on the bank in every district where elected leaders failed to lead, and buckled under pressure to do what was right for the country.

Posted by: morphnmomma | September 29, 2008 6:54 PM | Report abuse

Gingrinch now reverses his position on the "bail-out."

These gutless Republicans will wipe out half of America's middle class if not more with their political games.

They will reap a deadly harvest come November.

Posted by: wpost4112 | September 29, 2008 6:52 PM | Report abuse

"It is really irrelevant what the Democrats want in this or what Obama wants, the Republican American Taliban wing of the party did this to our economy, and their president (who IS the leader of their party) has requested it. I watched John Boehner on TV a little while ago whining about Pelosi's statement, and I tell ya, I just almost cried! The truth of the matter is that Republican leadership is DESTROYING this nation!"

Posted by: squirebass

Pelosi, et al, have every incentive to continue this crisis and create a big, fearful partisan stink over it. Every day this continues, Obama gains on McCain because people always blame the party in power, even if these are all Democrat-created and dominated programs that have blown up.

It benefits Pelosi to drag this out.

There is no other reason for her outrageous, provocative partisan speech with so many Republicans on the fence and facing defeat at home in their re-elections if they voted "yes".

Pelosi wins every day the economic fear drags on and Obama gains a couple of points due to it. Even if a trillion dollars worth of equity was vaporized today, she wins.

Posted by: AsperGirl | September 29, 2008 6:52 PM | Report abuse

'133 Republicans DID vote against the bill but NINETY-FIVE DEMOCRATS VOTED AGAINST THE BILL as well. '

do you understand simple math? 133 vs. 95. get it?

Posted by: drindl | September 29, 2008 6:48 PM | Report abuse

Paulson needs to resign or be fired ASAP although I doubt either will happen. First he underreacted by not seeing this crisis coming, then he overreacted and demanded essentially dictatorial powers, and in doing so has likely caused the very outcome he was trying to prevent by eroding market confidence with his very public doomsday predictions. At least Bernanke seems to have had the good sense to go back to doing his job of controlling the money supply and refraining from making any further inflammatory public statements.

Also: this plan failed because it sucks and gives little back to the taxpayer in return. We need something more similar to what Sweden did...

Posted by: jeema | September 29, 2008 6:46 PM | Report abuse

This ‘bailout” has not been explained to the public at all well. It MUST be passed in some form, or the consequences to people’s jobs, life savings, retirement accounts, etc will suffer much more than the “fat cats” that many people seem to think not passing the bill will hurt. With credit tightened up to the extreme all over the world, it will be harder and harder to meet payrolls, expand businesses, and hold on to your job. By not passing a bill, you end up cutting off your nose to spite your face. The financial crisis that is pending will be your ‘trickle down economics’ big time! I think some people don’t really understand the word ’socialism’, confusing it with communism. Canada, New Zealand, Australia, France, Germany, England, Ireland, Scotland, Switzerland, Spain, Italy, Belgium, Austria, etc etc are all DEMOCRACIES with some sociaIZED programs. Needless to say, it works quite well and has for centuries. What is going on now in the US is unfettered greed run amok, passed off as capitalism that is ‘good’ for the average citizen. Lunacy - it’s good for those at the top with little trickle down effect for those lower down on the social ladder.

Posted by: 10emlet | September 29, 2008 6:46 PM | Report abuse

It amazes me how liberals are blaming the Republicans for the bailout bill not passing. 133 Republicans DID vote against the bill but NINETY-FIVE DEMOCRATS VOTED AGAINST THE BILL as well. Why are the Republicans blamed while 95 members of Pelosi's own party are conveniently not blamed????

Posted by: mjkoch* | September 29, 2008 6:46 PM | Report abuse

KOZ - Unfortunately for you, I have nailed the economy and predicted precisely what would happen and when. What you have done, is blather, take up valuable space, and had a effrontery to even breath the same air as actual thoughtful human beings. You have gone from being a free market advocate, gone from being a Bushie, to being who knows what. Everything you say and do is calculated for results, for political expediency. You have no core beliefs, nothing to contribute, and nothing worthwhile even reading. I suggest you go away and actually think about what this country is going through, what you can do to help. Instead of engaging in sophomoric and disingenuous attacks, THINK. Instead of doing the bidding of the treasonous scum at FOX and that filthy piece of trash Murdock, think of a way of separating a major network from the grasp of a man that portrays to the world the American family as the Simsons, runs a smut peddler like O'Reilly, with his periodic features of pornographic movie starlets, as a "commentator". Fox and Murdock, George Bush and NeoConservativism has done more to this country than Al Qaeda and only a treasonous enemy would even think to excuse them their crimes.

Posted by: mibrooks27 | September 29, 2008 6:45 PM | Report abuse

Watching a couple of cable channels after the failure to pass the bill. The thing that I noticed was that both parties blamed each other for the failure.

Politics as usual.

Posted by: cmecyclist | September 29, 2008 6:45 PM | Report abuse

Aspergirl is afraid of change. She has to drink if she sees a Democrat!

Well, I say, if you must drink to tolerate change, it is something we all can live with. Bottoms up!

Posted by: freesurf | September 29, 2008 6:45 PM | Report abuse

This ‘bailout” has not been explained to the public at all well. It MUST be passed in some form, or the consequences to people’s jobs, life savings, retirement accounts, etc will suffer much more than the “fat cats” that many people seem to think not passing the bill will hurt. With credit tightened up to the extreme all over the world, it will be harder and harder to meet payrolls, expand businesses, and hold on to your job. By not passing a bill, you end up cutting off your nose to spite your face. The financial crisis that is pending will be your ‘trickle down economics’ big time! I think some people don’t really understand the word ’socialism’, confusing it with communism. Canada, New Zealand, Australia, France, Germany, England, Ireland, Scotland, Switzerland, Spain, Italy, Belgium, Austria, etc etc are all DEMOCRACIES with some sociaIZED programs. Needless to say, it works quite well and has for centuries. What is going on now in the US is unfettered greed run amok, passed off as capitalism that is ‘good’ for the average citizen. Lunacy - it’s good for those at the top with little trickle down effect for those lower down on the social ladder.

Posted by: 10emlet | September 29, 2008 6:45 PM | Report abuse

It amazes me how liberals are blaming the Republicans for the bailout bill not passing. 133 Republicans DID vote against the bill but NINETY-FIVE DEMOCRATS VOTED AGAINST THE BILL as well. Why are the Republicans blamed while 95 members of Pelosi's own party are conveniently not blamed????

Posted by: mjkoch* | September 29, 2008 6:45 PM | Report abuse

This ‘bailout” has not been explained to the public at all well. It MUST be passed in some form, or the consequences to people’s jobs, life savings, retirement accounts, etc will suffer much more than the “fat cats” that many people seem to think not passing the bill will hurt. With credit tightened up to the extreme all over the world, it will be harder and harder to meet payrolls, expand businesses, and hold on to your job. By not passing a bill, you end up cutting off your nose to spite your face. The financial crisis that is pending will be your ‘trickle down economics’ big time! I think some people don’t really understand the word ’socialism’, confusing it with communism. Canada, New Zealand, Australia, France, Germany, England, Ireland, Scotland, Switzerland, Spain, Italy, Belgium, Austria, etc etc are all DEMOCRACIES with some sociaIZED programs. Needless to say, it works quite well and has for centuries. What is going on now in the US is unfettered greed run amok, passed off as capitalism that is ‘good’ for the average citizen. Lunacy - it’s good for those at the top with little trickle down effect for those lower down on the social ladder.

Posted by: 10emlet | September 29, 2008 6:44 PM | Report abuse

"Do not worry! Sarah will come up with something".

Sarah has her John to deal with.

JOHN 1: IN the beginning was the Word, and the Word was God. 2 The same was in the beginning with God. 3 All things>>> thru>>>>>>>>>believe. 8 He was not that light, but was sent to bear witness of that Light.

Hint: Go figure.

Posted by: variezn34gm | September 29, 2008 6:44 PM | Report abuse

It amazes me how liberals are blaming the Republicans for the bailout bill not passing. 133 Republicans DID vote against the bill but NINETY-FIVE DEMOCRATS VOTED AGAINST THE BILL as well. Why are the Republicans blamed while 95 members of Pelosi's own party are conveniently not blamed????

Posted by: mjkoch* | September 29, 2008 6:44 PM | Report abuse

".......said McCain. He added that McCain and his allies in Congress had "infused unnecessary partisanship" into the vote and the bailout.

Obviously you mean that "Obama and his allies etc..."
Does anyone there bother to even look at a blog before it's uploaded?

Anyway, a pox on both parties in Congress for not having the courage to do what they know is necessary, even if their hysterical constituents scream for self-destruction.

Posted by: Ozexpatriate | September 29, 2008 6:44 PM | Report abuse

".......said McCain. He added that McCain and his allies in Congress had "infused unnecessary partisanship" into the vote and the bailout.

Obviously you mean that "Obama and his allies etc..."
Does anyone there bother to even look at a blog before it's uploaded?

Anyway, a pox on both parties in Congress for not having the courage to do what they know is necessary, even if their hysterical constituents scream for self-destruction.

Posted by: Ozexpatriate | September 29, 2008 6:44 PM | Report abuse

Here come more scare tactics. They will say, "If we don’t give dictatorial powers to the Treasury Secretary the stock market will drop even more, which will reduce the value of your retirement account. The value of your home could plummet.”

Left unsaid is that WITH the bailout and all the money and credit that must be produced out of thin air to fund it, the value of your retirement account will drop anyway, because the value of the dollar will suffer a precipitous decline. As for home prices, they are obviously much too high, and supply and demand cannot equilibrate if government insists on propping them up.

It’s the same destructive strategy that government tried during the Great Depression: prop up prices at all costs. The Depression went on for over a decade. On the other hand, when liquidation was allowed to occur in the equally devastating downturn of 1921, the economy recovered within less than a year.

- Ron Paul

Posted by: carolm62 | September 29, 2008 6:44 PM | Report abuse

Here come more scare tactics. They will say, "If we don’t give dictatorial powers to the Treasury Secretary the stock market will drop even more, which will reduce the value of your retirement account. The value of your home could plummet.”

Left unsaid is that WITH the bailout and all the money and credit that must be produced out of thin air to fund it, the value of your retirement account will drop anyway, because the value of the dollar will suffer a precipitous decline. As for home prices, they are obviously much too high, and supply and demand cannot equilibrate if government insists on propping them up.

It’s the same destructive strategy that government tried during the Great Depression: prop up prices at all costs. The Depression went on for over a decade. On the other hand, when liquidation was allowed to occur in the equally devastating downturn of 1921, the economy recovered within less than a year.

- Ron Paul

Posted by: carolm62 | September 29, 2008 6:41 PM | Report abuse

It is really irrelevant what the Democrats want in this or what Obama wants, the Republican American Taliban wing of the party did this to our economy, and their president (who IS the leader of their party) has requested it. I watched John Boehner on TV a little while ago whining about Pelosi's statement, and I tell ya, I just almost cried! The truth of the matter is that Republican leadership is DESTROYING this nation!

Posted by: squirebass | September 29, 2008 6:41 PM | Report abuse

The full blame belongs with the American voters...we elected these bums into office; tolerated their partisan politics; turned a blind eye as they sold our government to the highest bidders; re-elected them term after term, never holding them accountable for bad governance.

Now that deregulation and Wall Street corruption has come home to roost, we cry foul and moan about being the innocent victims. We are not the victims, we're the perpetrators of our own misery.

This crisis was spawn in the voting booth.

The only way to solve this crisis is to pull a different lever in the voting booth on November 4th.

If you pull the same lever this year as you did in 2006, then you have no one to blame but yourself.

Posted by: jandcgall1 | September 29, 2008 6:40 PM | Report abuse

Quit bickering you fools. Those who voted 'no' due to their uneducated constituents couldn't grow the balls necessary to vote for the good of the country. That is all there is to it. This was a massive failure of our political system.

Posted by: semantic1 | September 29, 2008 6:40 PM | Report abuse

A +7 and a +8 today for Obama in Pennsylvania places it out of the tossup category according to realclearpolitics.com.

This puts Obama at 249 non-tossup EVs.

Slowly, but surely this race is slipping away from McCain.

And a LOT of people watch these debates. It will be fun to see her try and explain yet again how Alaska's proximity to Russia gives her foreign policy experience.

Posted by: DDAWD | September 29, 2008 6:40 PM | Report abuse

Here come more scare tactics. They will say, "If we don’t give dictatorial powers to the Treasury Secretary the stock market will drop even more, which will reduce the value of your retirement account. The value of your home could plummet.”

Left unsaid is that WITH the bailout and all the money and credit that must be produced out of thin air to fund it, the value of your retirement account will drop anyway, because the value of the dollar will suffer a precipitous decline. As for home prices, they are obviously much too high, and supply and demand cannot equilibrate if government insists on propping them up.

It’s the same destructive strategy that government tried during the Great Depression: prop up prices at all costs. The Depression went on for over a decade. On the other hand, when liquidation was allowed to occur in the equally devastating downturn of 1921, the economy recovered within less than a year.

- Ron Paul

Posted by: carolm62 | September 29, 2008 6:40 PM | Report abuse

today's market value loss was 1.2 trillion - more than purposed rescue plan would have been. Each day that passes that something isn't done will just add to the pain. Democrats retooled the turkey the republican leadership shoved in their faces and deliverd their share of votes to get someting done. Republicans did nothing. McCain's political stunt made things worse, and his fellow republicans are more worried about getting re-elected than they are about regular people.

Posted by: robind_nc | September 29, 2008 6:37 PM | Report abuse

THE BUSH WHO CRIED WOLF!!!
Understandably, the majority of Republicans balked because they were once bitten when Bush cried wolf back in 2002/3 and demanded preemptive action against the alleged urgent threat from Iraq. His own party has now assumed a reactive posture - we act only AFTER we've been hit.

Since this financial threat is yet to manifest on main street - no ATM withdrawals, calls on good mortgages, rapid increases in interest rates - constituents don't feel any hurt so their representatives can't vote for the bill.

Why? Because an idiot squandered his political capital 5 years ago. Now the wolf is on our doorstep and no matter how loud and often he screams, no help is coming. Poor us!

Posted by: qxav | September 29, 2008 6:33 PM | Report abuse

I notice that almost all of the commentary on this bill concerns people losing their life savings, their retirements, and so forth. I wouldn't want to belittle those concerns, but I see a much graver threat.

If commercial credit really locks up in a sustained way, how many people who live virtually hand-to-mouth are going to find their places of work shuttered, due to an inability to finance ongoing operations?

And once the spending power of those people is removed from the marketplace, as home values continue to deteriorate and the pace of home foreclosures accelerates, what is going to stop our economy's downward spiral?

A sharp downturn in employment is not going to unlock the credit markets.

This is a serious mess.

To any who say, "This is a democracy, Representatives are supposed to vote as their constituents want", I say "This is a representative democracy, and there are times when Representatives ought to vote in the best interests of their constituents, even though that vote is in opposition to the expressed will of their constituents. The constituents' remedy is to vote those folks out of office next time, if their wisdom was lacking.

When John F. Kennedy wrote *Profiles in Courage*, he wasn't writing about elected officials who cast their every vote the way voters at the moment wished.

Posted by: officermancuso | September 29, 2008 6:33 PM | Report abuse

The blind leading the blind. Simple as that.

Posted by: wpost4112 | September 29, 2008 6:32 PM | Report abuse

This whole mess exposes McCain for what he is: a confused, ineffective old politician that would sacrifice the good of this country to further his own narrow political ambitions. Choosing the moose queen,Sarah Palin; his return to Washington to gum up negotiations; taking credit for the bill's passage( unfortunately for him, a little premature);not being able to deliver his party's votes; blaming Obama for evrything , including his bleeding gums; and lying at every opportunity. What respect I had for him is now reduced to viewing him as just another tawdry pol, willing to screw anyone that gets in his way.

Posted by: diogenes4 | September 29, 2008 6:32 PM | Report abuse

Maybe she can sell something on ebay, like a national park or two. Either that or Cindy Mccain can put the bailout on her AMX card. That would get he enough frequent flyer miles for a trip to the sun and back.


=========
Don't worry!
I'm sure Sarah Palin will come up with something!

Posted by: mikedooley | September 29, 2008 5:46 PM | Report abuse

Posted by: popasmoke | September 29, 2008 6:32 PM | Report abuse

hemi writes:

"Are we supposed to let the whole economy collapse."

Economists not being paid by participating parties claims that this plan will hurt the economy worse. Your question illustrates that you have bought a bill of goods that turns out to be highly unlikely.

"The damage is done. He has no choice but to vote for it."

And to claim that he is both for it and against it? Kind of a poor leadership approach.

"But that doesn't mean he has to like it."

Obama likes lapdogs.

Posted by: KMichaels | September 29, 2008 6:32 PM | Report abuse

"AsperGirl, or should we call you "Dianne72", your toxic nonsense and steady stream of lies, vicious gossip, racist and otherwise snide remarks, have overrun their welcome. I am inviting you to go elsewhere. You are a paid blogger, so we have no reason to think you even believe in the rubbish you publish. All of this, however, makes you such a despicable cad, such a treason swine, o horrible a criminal, that you have got to understand that your rants are tantamount to a declaration of war on everything that is decent and good. If you have any feels for this country, any sense of self worth, an sense of self preservation, you will cease and go away, never to bother decent society with your drivel again."

Posted by: mibrooks2

You just lump any woman who is not for Obama into the same "racist" category, right?

I'm inviting you to kiss my backside with your Obama-blubbering lips.

Really, you should learn how to separate your personal problems from your political ideas. The world will be a less racist, hostile-appearing place if you stop projecting your inadequacies and fears onto it.

Posted by: AsperGirl | September 29, 2008 6:32 PM | Report abuse

The Obama method of leadership;
Obama #1: "Bailing out Wall Street is an outrage."

Obama #2: "I support the bailout plan."

This way he can say that he was both for it and against it, depending on who he is talking to at any given moment.

Posted by: KMichaels | September 29, 2008 5:25 PM | Report abuse

+++++++++++++++++++++++++++++++++++

Oh, It's so hard to figure out what he means. Do I really have to explain it to you. How much will it cost the Government to make good on everybody's savings. What about the credit that makes this whole cesspool spin. Are we supposed to let the whole economy collapse. The damage is done. He has no choice but to vote for it. But that doesn't mean he has to like it.


Posted by: HemiHead66 | September 29, 2008 6:26 PM | Report abuse

To all you people out there still supporting your republican agenda, you have ABSOLUTELY NO EQUITY to be making any reasonable arguments today. Many people lost their retirement accounts today, life savings, GONE...and with no way to support themselves today, and it is YOUR FAULT. You blame the democrats for not delivering ALL the votes to pass this bill? The country counted on your 9 votes republicans, and you cannot get your self-righteous behinds to squeeze these 9 votes out of your side of the aisle? And you argue that it is the fault of the democrats? What manner of twisted logic is this? What say you we throw you out because clearly your votes don't count. Your attempts to spin this are futile, this situation has been laid bare for the world to see. What's crazy is this bill was close to a resolution before John McCain intervened and stoked divisions...and now it has failed because John McCain, as republican leader, FAILED to drive consensus in his own party. It's great that you're a maverick John....see where it has gotten you.

Posted by: andytoh | September 29, 2008 6:24 PM | Report abuse

Well we all may agree that the bailout was not a good idea, it was a better alternative than what is going to happen now. Everyone is quick to blame the Republians but what about Bill Clinton's watch with all the dot com. No one was watching then and the market crashed because of the over inflated values. Millions of people lost a lot of money, could not retire, elderly today are still working just to make ends meet.
We have all politicians to blame for this mess. They live in Washington DC and they have plenty of food and gas, can enjoy going out for nice meal. Not us in the main stream who were honest when we bought our houses, invested our money etc. Now because the goverment mandated theses sub prime loans and the industry accomadated we are all on the verge of losing everything we have worked for. For our honesty we are not able to get a loan to help us through. We must deplete our 401K's just to get buy. We can't go out because we need the gas to get to work.
Not the politicians, they give themself a raise every year, they have the best health insurance and and even greater pension. Their paychecks are our hard earned money yet there is not one in the lot that cares about our welfare as citizens of this country.
There was one great man that did Senator Roth and for his push to have people in this country treated fairly, for his effort to help all Americans he was railroaded out by the Democrats. I am sure some of you may remember this great man, rest assured he as our founding fathers are turning in their graves watching what this country has become.
It is time that the American people take this country back, vote everyone of them out of office, make it a part time job again, take away the perks. Stop the rule that you have to have money to run
for office. Does anyone realize all the money spent on campaigning could have helped a lot of honest people not to lose their homes?

Not to long ago Joe Biden had the nerve to go on GMA and state he only makes $150,000.00 a year and how many of you believe that? Why do we as citizens continue to send these people back to Washington to keep hurting us?

It is so sad to know that this country gives billions or more of money away to any country that may need help. They just can't help the people who are paying the bills. Instead we have to lose it all our houses, our retirement, our savings and for what?

Today is a sad day for America we have been let down by the very people we elected to protect us. And the sadder part is they will all lay their heads down and go to sleep tonight without a thought or care about the ones out here stuggling to pay their bills, to get food,or even a tank of gas.

We fought the English in the "American Revolution" for the very thing that is happening in this country now."No taxation without representation." Ladies and gents that is exactly what we have now.

Posted by: lynrusso | September 29, 2008 6:24 PM | Report abuse

"Good day to get drunk..."

"From your posts, aspergirl, I'd say that for you, that's every day."

Posted by: drindl | September 29, 2008 5:52 PM

You're right. Every day that there is a freshman senator atop the Democratic ticket in an era of historic military strategic realignments, depression-provoking economic events, historic energy sector dislocations, nuclearizing middle east and a few other things to deal with, is a day to get drunk.

Posted by: AsperGirl | September 29, 2008 6:24 PM | Report abuse

"Good day to get drunk..."

"From your posts, aspergirl, I'd say that for you, that's every day."

Posted by: drindl | September 29, 2008 5:52 PM

You're right. Every day that there is a freshman senator atop the Democratic ticket in an era of historic military strategic realignments, depression-provoking economic events, historic energy sector dislocations, nuclearizing middle east and a few other things to deal with, is a day to get drunk.

Posted by: AsperGirl | September 29, 2008 6:24 PM | Report abuse

Don't worry folks. If you lose your house, McCain will let you stay in one of his.

Posted by: synykyl | September 29, 2008 6:24 PM | Report abuse

The Obama method of leadership;
Obama #1: "Bailing out Wall Street is an outrage."

Obama #2: "I support the bailout plan."

This way he can say that he was both for it and against it, depending on who he is talking to at any given moment.

Posted by: KMichaels | September 29, 2008 5:25 PM | Report abuse

+++++++++++++++++++++++++++++++++++

Oh, It's so hard to figure out what he means. Do I really have to explain it to you. How much will it cost the Government to make good on everybody's savings. What about the credit that makes this whole cesspool spin. Are we supposed to let the whole economy collapse. The damage is done. He has no choice but to vote for it. But that doesn't mean he has to like it.


Posted by: HemiHead66 | September 29, 2008 6:24 PM | Report abuse

drindl, I know your husband needs at least a triple does of vitamin V to even consider looking at you, but I am afraid I am just not that into you.

find yourself another hobby, you need some fresh air.

I only interact with sane women, that leaves you out by a long shot.

now you and Mike b can get back to yelling the sky is falling and blaming it all on Bush, despite the evidence.

Maybe you two can get on the same tin-foil hat frequency.

with your current leadership (Pelousy, limp-dick Reid and nothing doing Obama, aka dumb, dumber and dumbest) you can expect a lot of this in the coming years.

Posted by: king_of_zouk | September 29, 2008 6:24 PM | Report abuse

drindl, I know your husband needs at least a triple does of vitamin V to even consider looking at you, but I am afraid I am just not that into you.

find yourself another hobby, you need some fresh air.

I only interact with sane women, that leaves you out by a long shot.

now you and Mike b can get back to yelling the sky is falling and blaming it all on Bush, despite the evidence.

Maybe you two can get on the same tin-foil hat frequency.

with your current leadership (Pelousy, limp-dick Reid and nothing doing Obama, aka dumb, dumber and dumbest) you can expect a lot of this in the coming years.

Posted by: king_of_zouk | September 29, 2008 6:24 PM | Report abuse

KMichaels wrote:
"#1 McCain goes to Washington to help after dem leaders ask for his support."
*****************************************

Which "dem leaders" asked for his support, Joe Lieberman??

You've outdone yourself with this outlandish chronology. Please post a source. I dare you.

Posted by: Skeptic21 | September 29, 2008 6:13 PM | Report abuse

The Obama method of leadership;
Obama #1: "Bailing out Wall Street is an outrage."

Obama #2: "I support the bailout plan."

This way he can say that he was both for it and against it, depending on who he is talking to at any given moment.

Posted by: KMichaels | September 29, 2008 5:25 PM | Report abuse

+++++++++++++++++++++++++++++++++++

Oh, It's so hard to figure out what he means. Do I really have to explain it to you. How much will it cost the Government to make good on everybody's savings. What about the credit that makes this whole cesspool spin. Are we supposed to let the whole economy collapse. The damage is done. He has no choice but to vote for it. But that doesn't mean he has to like it.


Posted by: HemiHead66 | September 29, 2008 6:13 PM | Report abuse

I'm a registered Republican who is certain to vote for Obama and very partisan about it. (I know it's a Republican talking point that all people like myself are Democratic plants - all I can say is I have been a Republican since a stint as a public housing manager in the early '80's).

That said, I find Pelosi's speech prior to this disastrous vote to be unconscionable. If you believe, as she presumably does, that this bill is essential for the nation's well-being, couldn't you leave the partisan chest-thumping for another day in an effort to get it passed with bipartisan support?

And shouldn't a speaker of the House know better than anyone how to count House votes?

That woman is a disaster for the nation, and a discredit to the Democratic party.

Posted by: officermancuso | September 29, 2008 6:13 PM | Report abuse

I know. I'm sitting here getting drunk and crying for Hillary Clinton. She's the only one who was talking about how to attack this mess, months ago. Her op-ed in the Wall Street Journal a few days ago was great
Posted by: AsperGirl | September 29, 2008 5:49 PM

Apparently, AG, you might have missed Obama's thoughful speech at Cooper Union in MARCH, where he laid out his comprehensive banking reforms. I know you hate Obama and love Hillary and McCain (how odd is that?), but you really can't say with a straight (or drunk) face that Obama hasn't been adressing this issue in a responsible manner for a long time.

Posted by: NMModerate1 | September 29, 2008 6:13 PM | Report abuse

Of the 228 no votes, 95 were Democrats.

Is it possible that critics on both sides might have legitimate points and voted accordingly?

Posted by: dbj1 | September 29, 2008 6:13 PM | Report abuse

KMichaels wrote:
"#1 McCain goes to Washington to help after dem leaders ask for his support."
*****************************************

Which "dem leaders" asked for his support, Joe Lieberman??

You've outdone yourself with this outlandish chronology. Please post a source. I dare you.

Posted by: Skeptic21 | September 29, 2008 6:13 PM | Report abuse

Katrina time again.

The Republicans were in power (Congress and the Presidency) over the last 7.5 years. Were they asleep at the wheel? No, they were drinking at the river and destroying the financial levees. As the Bush dereg and greed hurricane worsened, the weakened levees couldn't hold up. Now it is another Katrina and the Republicans are posturing all over again. Republican idealogues expecting the poor on the ground and even those fancy businesses should take care of themselves and surrender to an act of god and the laws of nature. But this isn't the will of the all loving christian god. This is man's god of greed and unbridled capitalism.

Posted by: lucy2008 | September 29, 2008 6:13 PM | Report abuse

To all you people out there still supporting your republican agenda, you have ABSOLUTELY NO EQUITY to be making any reasonable arguments today. Many people lost their retirement accounts today, life savings, GONE...and with no way to support themselves today, and it is YOUR FAULT. You blame the democrats for not delivering ALL the votes to pass this bill? The country counted on your 9 votes republicans, and you cannot get your self-righteous behinds to squeeze these 9 votes out of your side of the aisle? And you argue that it is the fault of the democrats? What manner of twisted logic is this? What say you we throw you out because clearly your votes don't count. Your attempts to spin this are futile, this situation has been laid bare for the world to see. What's crazy is this bill was close to a resolution before John McCain intervened and stoked divisions...and now it has failed because John McCain, as republican leader, FAILED to drive consensus in his own party. It's great that you're a maverick John....see where it has gotten you.

Posted by: andytoh | September 29, 2008 6:13 PM | Report abuse

And yeah, I agree that Pelosi's speech was stupid. I think the Republicans blaming her is disingenuous, but there was no reason for Pelosi to make that speech.

I'd have waited until AFTER the damn thing passed before attacking Republicans.

THAT would have been shrewd.

Posted by: DDAWD | September 29, 2008 6:13 PM | Report abuse

The Obama method of leadership;
Obama #1: "Bailing out Wall Street is an outrage."

Obama #2: "I support the bailout plan."

This way he can say that he was both for it and against it, depending on who he is talking to at any given moment.

Posted by: KMichaels | September 29, 2008 5:25 PM | Report abuse

+++++++++++++++++++++++++++++++++++

Oh, It's so hard to figure out what he means. Do I really have to explain it to you. How much will it cost the Government to make good on everybody's savings. What about the credit that makes this whole cesspool spin. Are we supposed to let the whole economy collapse. The damage is done. He has no choice but to vote for it. But that doesn't mean he has to like it.


Posted by: HemiHead66 | September 29, 2008 6:13 PM | Report abuse

As a Repub rube, I'm extremely content with the failure; not only will McCain win in a landslide, the Congress will be reshaped drastically.

A Republican takeover is viable because of Pelosi's big mouth.

Finance has not been nationalized.

Another Republican victory!

Posted by: viejo1 | September 29, 2008 6:13 PM | Report abuse

As a Repub rube, I'm extremely content with the failure; not only will McCain win in a landslide, the Congress will be reshaped drastically.

A Republican takeover is viable because of Pelosi's big mouth.

Finance has not been nationalized.

Another Republican victory!

Posted by: viejo1 | September 29, 2008 6:13 PM | Report abuse

Of the 228 no votes, 95 were Democrats.

Is it possible that critics on both sides might have legitimate points and voted accordingly?

Posted by: dbj1 | September 29, 2008 6:03 PM | Report abuse

Gee DWashington, Do you just pull this stuff out of your Glute? Maybe you need a Bible and Gun to cling to.

Posted by: MITCHS52 | September 29, 2008 5:58 PM | Report abuse

Majority of DEMS voted YES and Mojority of REPS voted NO...yet Repukes on this blog blame DEMS for the failure....hahahahah
140 DEMS YES / 65 REPS YES
95 DEMS NO / 133 REPS NO

Repukes are in charge of 83.5% of the gov.
DEMS control only 17.5% of the gov
But Repukes say its the DEMS fault?
3 branches of American gov Executive 33% or 1/3rd Judicial 33% or 1/3rd and Legislative 33% or 1/3rd Legislative is divided into 2 houses so Dems only have 17.5% and Repukes have 83.5% and DEMS have only had this 17.5% for past year. Seems the repukes are confused by numbers...there being so many of them and all.

Posted by: garygelormino1 | September 29, 2008 5:58 PM | Report abuse

Both Obama and McCain are out of touch with the American people. Either that or they're marionettes of the Bush Administration. The bailout proposal was a can of worms. The sky isn't going to fall with its failure to pass in the House, any more than Saddam Hussein had WMD. Fool me once, shame on you. Fool me twice. . . . Blah, blah blah. Three cheers for the House of Representatives.
Sterling Greenwood
Aspen Free Press

Posted by: AspenFreePress | September 29, 2008 5:57 PM | Report abuse

I swear, if I have to listen to Palin's Minnasota nice/canadian hybrid shreak for 4 years I'll jump out of a window.

Posted by: Dano111 | September 29, 2008 5:56 PM | Report abuse

Chris, can you fix this? It doesn't make sense as written. Correction, please:

In an appearance this evening in Des Moines, McCain put out a bipartisan call to pick up the pieces and get something passed. "I would hope that all our leaders -- all of them -- can put aside short-term political goals and focus on what's best for the American people," said McCain. He added that McCain and his allies in Congress had "infused unnecessary partisanship" into the vote and the bailout.

---------

Surely John McCain did not come out against John McCain today? I think one or more of the names in this paragraph is wrong. Or maybe I just don't get that maverick thinking...

Posted by: fairfaxvoter | September 29, 2008 5:55 PM | Report abuse

Both Obama and McCain are out of touch with the American people. Either that or they're marionettes of the Bush Administration. The bailout proposal was a can of worms. The sky isn't going to fall with its failure to pass in the House, any more than Saddam Hussein had WMD. Fool me once, shame on you. Fool me twice. . . . Blah, blah blah. Three cheers for the House of Representatives.
Sterling Greenwood
Aspen Free Press

Posted by: AspenFreePress | September 29, 2008 5:55 PM | Report abuse

A cursory examination of the roll call map of the bailout vote will reveal a similarity
with electoral map of the 1896 presidential election. The no votes dominate in the same regions as the Populist- Democratic vote of 112 years ago -which of course represented the anti-banker sentiments of the rural South West & mid-west. Pardon the cliché but the more things change, the more they stay the same .

Posted by: info45 | September 29, 2008 5:55 PM | Report abuse

This is very frustrating. Look, I agree with the principle of not bailing them out, but this is not the time to be talking about principles...no one likes this! This is a time to solve this VERY GRAVE problem we have in our hands, in the short term so we can put in place more medium term and long term measures to prevent this from happening again. John McCain with his intervention last week, threw all consensus there was between both parties out of the window, stoked divisions within his party for his own selfish posturing, and risked the nation's interest for his political gain. As the leader of the republican party, he has UTTERLY FAILED to convince house republicans to pass the bill, which resulted in todays market crash. This man is pure poison...before he is even in the white house. One political stunt = 777 point drop in the Dow. This jerk is willing to take the nation down for his dirty campaign....the power of ambition America. John McCain's ambition. And now he has the nerve to accuse the democrats who delivered over 2/3 of the vote??? The nerve.

Posted by: andytoh | September 29, 2008 5:54 PM | Report abuse

Blaming the House Republicans for the failure of the bailout bill is bizarre. The Democrats control the House (and Senate) and 40% of the House Dems voted against the bailout! Where is the leadership of the House Democrats? All they had to do was to produce 13 votes from the 95 Dems who voted against the measure, and they failed to do that.

Sure, those votes could have come from the Republicans instead, but after all the effort that was made by many people in both parties to act in a bipartisan way, Pelosi's floor speech today completely un-did all of that-- who could blame the Republicans who concluded that voting for this measure would be an implicit ratification of Pelosi's outrageously partisan speech from the floor? Pelosi is to blame (twice over) for this failure: First for her partisan rant (this was bipartisan behavior?) and second for her inability to get more than 60% of her own party to go along with her.

Posted by: Steve98765 | September 29, 2008 5:54 PM | Report abuse

#1 McCain goes to Washington to help after dem leaders ask for his support.

#2 Same dem leaders tell McCain they were just kidding, they dont need his help.

#3 McCain must be grandstanding because he wants to help.

#4 McCain busted the deal that was never a deal. The so-called deal was produced by a handful of leadership (mostly dems)

#5 McCain pointed out that the house is far from passing this bill. He gets ridiculed for being forthright.

Posted by: KMichaels | September 29, 2008 5:53 PM | Report abuse

"Good day to get drunk..."

From your posts, aspergirl, I'd say that for you, that's every day.

Posted by: drindl | September 29, 2008 5:52 PM | Report abuse

'the complete disarray of the Libs is frightful.'

LOL. zouk amuses us all once again with his funhouse mirror view of reality.

The rpublican 'leadership' -- even after pleading on bended knee, couldn't manage to muster more than 1/3 of the votes they asked for. Truly pathetic--and emblematic of a party going down in flames.

Posted by: drindl | September 29, 2008 5:51 PM | Report abuse

Majority of DEMS voted YES and Mojority of REPS voted NO...yet Repukes on this blog blame DEMS for the failure....hahahahah
140 DEMS YES / 65 REPS YES
95 DEMS NO / 133 REPS NO

Repukes are in charge of 83.5% of the gov.
DEMS control only 17.5% of the gov
But Repukes say its the DEMS fault?
3 branches of American gov Executive 33% or 1/3rd Judicial 33% or 1/3rd and Legislative 33% or 1/3rd Legislative is divided into 2 houses so Dems only have 17.5% and Repukes have 83.5% and DEMS have only had this 17.5% for past year. Seems the repukes are confused by numbers...there being so many of them and all.

Posted by: garygelormino1 | September 29, 2008 5:50 PM | Report abuse

Asperger Girl wrote: "The bill was foolish. You don't take extreme, dramatic steps of faith by banking on the leadership of partisans...."
***************************************
"This was a bill that Bush and Paulson begged for."

Posted by: Skeptic21 | September 29, 2008 4:56 PM

I know. I'm sitting here getting drunk and crying for Hillary Clinton. She's the only one who was talking about how to attack this mess, months ago. Her op-ed in the Wall Street Journal a few days ago was great. Mainstream media, which treats women like stupid idiots, totally ignored her back then and is still ignoring her. She knows what to do and everyone is ignoring her and her husband, fixated on the total idiots we are looking to for leadership today.

By the way, I just bought a "magic bullet" that you can make one-cup smoothies with. 1/3 can of coconut milk, the juice of one fresh-squeezed tangerine, 1/4 cup orange juice frozen concentrate and a handful of organic green seedless grapes mixes up into a great smoothie and tastes heavenly with a big double shot of premium black Bacardi Rum. I think a few fresh-toasted almonds thrown into the blender would make this the best ad hoc drink ever.

Good day to get drunk...

Posted by: AsperGirl | September 29, 2008 5:49 PM | Report abuse

""dwashington1" wrote a great article, kinda long, but full of facts. Only a dumb McCain Republican would report his article as abuse"

Yeah, you nailed it. I'm a McCain Republican.

But I hope everyone reports those two "articles" as abuse.

Posted by: DDAWD | September 29, 2008 5:49 PM | Report abuse

So now the McCain republicans want to try to hold up the bill until Thursday evening to try to interupt the VP debate.

The Palin protection (from herself) act.

Obama/Biden 08!

Posted by: dab23 | September 29, 2008 5:49 PM | Report abuse

Don't worry!
I'm sure Sarah Palin will come up with something!

Posted by: mikedooley | September 29, 2008 5:46 PM | Report abuse

how surprising that the Repubs finally grew a spine and stood up to the worst speaker in history. she was willing to go along with big spending bush (previously called the worst president in history, until PeLousy sided with him).

the complete disarray of the Libs is frightful. Harry Reid couldn't punch his way out of a wet paper bag. Barney fig should consider immediate retirement. Upchuck schumer should probably go to jail.

Obama has been revealed for the laughingstock he is - all talk, talk, talk and not a single accomplishment to his name. not going to be one anytime soon.

Posted by: king_of_zouk | September 29, 2008 5:45 PM | Report abuse

mibrooks27/3:20/3:25/4:01/29/09/2008...wellspoken......GEN:1-3 And God said, Let there be light: and there was light.

Posted by: variezn34gm | September 29, 2008 5:42 PM | Report abuse

mibrooks27 wrote:

"KMichaels - You really are a piece of gutter dwelling trash, aren't you?"

No. I am well balanced and truthful. I post logic and common sense backed up with that thing that you lack, facts.

" Look, I don't know of a Democrat who thinks bailing Wall Street and your idiot President out is a good idea."

Obama, Pelosi, Franks, Dodds, lots of democrats there support the Bush plan. More democrats than republicans in fact. I guess you missed today's news.

"It's an awful and stupid idea. The only reason for doing so is that it just might be in the interest of the country."

So then, you are saying it is an awful stupid idea but good for the country? Hell, that makes as much sense as the rest of your blathering post.

"That's why my sons jined the military, why thousands of children of Democrats joined the military or otherwise serve their country. It's a little thing known as PATROTISM"

Conservatives dominate the US military. Liberals are pretty much a no-show as far as the military. I served 8 years. Several of my children also served.

You Obamite supporters really do tend to be as dumb as a bag of hammers. Clank, clunk dumb is what you are.

Posted by: KMichaels | September 29, 2008 5:41 PM | Report abuse

Hey! Right wing-nuts!
I guess God, guns and gays aren't so important anymore (Unless you're completely delusional,like the president.)

The Republican Party:
The party that gave us the three worst presidents in U.S. history, Herbert Hoover, Richard Nixon and George W. Bush.

Posted by: mikedooley | September 29, 2008 5:41 PM | Report abuse

They both did about the same things. The difference between Obama and Mcain was all Mccains showboating and now he looks like a fool. This last week and Mccains transparent stunts had pretty much finished him off. For months people have been asking when Obama would finally close the deal with the voters. This week he did. Mccain has shown himself to be the egotistical fool he is. Even his supporters would have a hard time denying it anymore.


-------------
The Obama method of leadership;

Obama #1: "Bailing out Wall Street is an outrage."

Obama #2: "I support the bailout plan."

This way he can say that he was both for it and against it, depending on who he is talking to at any given moment.

Posted by: KMichaels | September 29, 2008 5:25 PM | Report abuse

Posted by: popasmoke | September 29, 2008 5:37 PM | Report abuse

"dwashington1" wrote a great article, kinda long, but full of facts. Only a dumb McCain Republican would report his article as abuse

Posted by: gatorsn09 | September 29, 2008 5:36 PM | Report abuse

McCain knows all about bailing out rich bankers and screwing over middle class and poor people, he's been doing it for years:
.
http://www.youtube.com/watch?v=HAzDEbVFcg8
.


McCain - Founding Member of the Keating Five:

McCain was one of the "Keating Five," congressmen investigated on ethics charges for strenuously helping convicted racketeer Charles Keating after he gave them large campaign contributions and vacation trips.
Charles Keating was convicted of racketeering and fraud in both state and federal court after his Lincoln Savings & Loan collapsed, costing the taxpayers $3.4 billion. His convictions were overturned on technicalities; for example, the federal conviction was overturned because jurors had heard about his state conviction, and his state charges because Judge Lance Ito (yes, that judge) screwed up jury instructions. Neither court cleared him, and he faces new trials in both courts.)

Though he was not convicted of anything, McCain intervened on behalf of Charles Keating after Keating gave McCain at least $112,00 in contributions. In the mid-1980s, McCain made at least 9 trips on Keating's airplanes, and 3 of those were to Keating's luxurious retreat in the Bahamas. McCain's wife and father-in-law also were the largest investors (at $350,000) in a Keating shopping center; the Phoenix New Times called it a "sweetheart deal."


Here's some straight-talk, my friends:
.
http://www.realchange.org/mccain.htm
.

Posted by: DrainYou | September 29, 2008 5:36 PM | Report abuse

First, for all the dummies. This bill is not to bail out Wall Street. Second, when Pelosi opens to mouth to criticize all Republicans before the vote, she shows her stupidity, naivety, and total lack of leadership. If she wanted to be such a critic then she would have necessarily needed to include Barney Frank, Barack Obama, Christopher Dodd and others for their substantive involvement in the sub-prime mortgage crisis. She is a zero in the brains department.

Posted by: tknewell | September 29, 2008 5:35 PM | Report abuse

KMichaels wrote:
"McCain has been hesitant because he knows the votes are not there."
******************************

Au contraire. On the campaign trail this morning he took all the credit for getting the deal done. LOL!!!

Posted by: Skeptic21 | September 29, 2008 5:35 PM | Report abuse

I guess God, guns and gays aren't the most important issues anymore, are they?

The Republican Party - The party that gave us Herbert Hoover, Richard Nixon and George W. Bush.
The three worst presidents in U.S. history.

Posted by: mikedooley | September 29, 2008 5:34 PM | Report abuse

Maybe we should get the finger wagging, tongue-babbling, witchcraft fighting, TrooperGate dodging, Nowhere flip flopping, animal slaughtering, book banning, Putin pontificating, Drill-Baby-Drill cheerleading, earmark requesting, media manipulating, rape victim charging, choice killing, lipstick wearing pitbull who aspires to be Commander in Chief on the basis of her Alaskan National Guard "leadership" and clear, unfettered view of the soul of Putin in the Russian countryside to fix all the problems in Washington.

Posted by: HemiHead66 | September 29, 2008 5:34 PM | Report abuse

First, for all the dummies. This bill is not to bail out Wall Street. Second, when Pelosi opens to mouth to criticize all Republicans before the vote, she shows her stupidity, naivety, and total lack of leadership. If she wanted to be such a critic then she would have necessarily needed to include Barney Frank, Barack Obama, Christopher Dodd and others for their substantive involvement in the sub-prime mortgage crisis. She is a zero in the brains department.

Posted by: tknewell | September 29, 2008 5:34 PM | Report abuse

First, for all the dummies. This bill is not to bail out Wall Street. Second, when Pelosi opens to mouth to criticize all Republicans before the vote, she shows her stupidity, naivety, and total lack of leadership. If she wanted to be such a critic then she would have necessarily needed to include Barney Frank, Barack Obama, Christopher Dodd and others for their substantive involvement in the sub-prime mortgage crisis. She is a zero in the brains department.

Posted by: tknewell | September 29, 2008 5:33 PM | Report abuse

First there was Steve Schmidt, the man who nrought discipline to the McCain campaign and in doing so made McCain the one thing he couldn't be this year - just another politician.
Then there was the uuterly unqialified Sarah Palin (see, Steve Schmidt) who allowed AMerica to see John McCain ( man with a 10% statistical chance of dying in his first term) as someone who was putting the Christain Right above America so he could get elected.
Then there was the House Republicans, so miffed because someone blamed them for what they believe in - totally free markets -- that they voted down a bill that was the last thin wall between America and recession or even depression.
The campaign is over. Turn out the lights. Form the Obama Inaugural Committee.
Send the bill to Steve Schmidt.

Posted by: djah | September 29, 2008 5:33 PM | Report abuse

Thank god Congress had the courage to stand up to the Bush / Obama "Rob the tax payers plot"

I corrected your error for you.

Posted by: KMichaels | September 29, 2008 5:32 PM | Report abuse

KMichaels - You really are a piece of gutter dwelling trash, aren't you? Look, I don't know of a Democrat who thinks bailing Wall Street and your idiot President out is a good idea. It's an awful and stupid idea. The only reason for doing so is that it just might be in the interest of the country. That's why my sons jined the military, why thousands of children of Democrats joined the military or otherwise serve their country. It's a little thing known as PATROTISM, but you wouldn't anything about that, would you.

Posted by: mibrooks27 | September 29, 2008 5:32 PM | Report abuse

"It's the centrist Democrats and Republicans, most of whom recieve large amounts of donations from Wall Street tht backed this bill. God bless Barbara Lee, Dennis Kucinich, et al. I hope they stick to their guns and resist the whining of the multinationals."

Congressmen in competitive races voted overwhelmingly against the bill. Congressmen who are retiring at the end of this term voted overwhelmingly for the bill.

Does that mean anything to you guys?

Posted by: DDAWD | September 29, 2008 5:31 PM | Report abuse

Isn't this another "Mission Accomplished" moment? Another Republican leader parachuting into a complex and sensitive global crisis and trying to capture credit permaturely for something that, in the process, they entirely derail? What's it going to take for the country to finally say, definitively, "enough!"?

Posted by: WowAndHeck | September 29, 2008 5:29 PM | Report abuse

Mark my words: Obama wins in a landslide and gets a supermajority in the Senate AND House. The majority of the American public understand that laissez faire economics is a Republican disaster and the entire economic rationale for the Republican party has been exposed for what it is: a giveaway to the powerful and special interests. Nothing that Boener and Blunt say can change that fact. Republicans: prepare to get you ass kicked!

Posted by: billbolducinmaine | September 29, 2008 5:28 PM | Report abuse

Asperger Girl wrote:
How much of Nancy Pelosi's face is real flesh and how much is plastic, silicone, or botox-frozen meat?
***********************************

What a coincidence -- someone asked me the same thing about Asperger Girl's brain.

Posted by: Skeptic21 | September 29, 2008 5:27 PM | Report abuse

Who keeps voting Barney Frank in? I am a Blue Collar Dem from PA and find it hard to believe this yahoo has the brains to tie his shoes in the morning. We put him up to be the face of the Party at this moment. Are you kidding me?

Posted by: DChief1 | September 29, 2008 5:26 PM | Report abuse

The Obama method of leadership;

Obama #1: "Bailing out Wall Street is an outrage."

Obama #2: "I support the bailout plan."

This way he can say that he was both for it and against it, depending on who he is talking to at any given moment.

Posted by: KMichaels | September 29, 2008 5:25 PM | Report abuse

Who keeps voting Barney Frank in? I am a Blue Collar Dem from PA and find it hard to believe this yahoo has the brains to tie his shoes in the morning. We put him up to be the face of the Party at this moment. Are you kidding me?

Posted by: DChief1 | September 29, 2008 5:25 PM | Report abuse

"While it's clear that the main reason the bill failed was the provincial concerns of more than 220 Members"

This is an outrageous absurdity. When you look at who voted Nay among the Democrats, you see that the DP House Left voted Nay. Not out of some provinciaism, rather our of principals.

It's the centrist Democrats and Republicans, most of whom recieve large amounts of donations from Wall Street tht backed this bill. God bless Barbara Lee, Dennis Kucinich, et al. I hope they stick to their guns and resist the whining of the multinationals.

Posted by: yeslerhill | September 29, 2008 5:25 PM | Report abuse

Of course the Republicans voted against it. Their pals got short positions in the market, which will make them a few hundred million dollars just by saying the word NO.

Posted by: HemiHead66 | September 29, 2008 5:25 PM | Report abuse

Thank god Congress had the courage to stand up to the Bush / McCain "Rob the tax payers plot" Congress needs to tell our acting President one of the conditions for considering any bail out for Wall Street is to cancel the Free Trade Pact we have, no more out sourcing of jobs & we should put a tariff on every thing that's imported from American Companies that moved out of America for cheaper labor. If it's not Made In America & it's an American owned Company it gets taxed. Bush keeps saying we live in a Free Market Society, if so, let Wall Street manage their own problems. Tax payers are tired of paying for the mistakes & greed of Bush's rich buddies.

Posted by: gatorsn09 | September 29, 2008 5:23 PM | Report abuse

I hope everyone is clicking on the Report Abuse link next to dwashington1 posts of 4:52 and 5:08 PM

Posted by: DDAWD | September 29, 2008 5:21 PM | Report abuse

From:
Head of State
http://headofstate.blogspot.com/2008/09/great-moments-in-american-history.html

Monday, September 29, 2008
Great Moments in American History

The Signing of the Declaration of Independence:

House Republicans: "We were going to sign. We were. We had dipped our quills in the very ink. However, it was then that John Witherspoon made a rude noise, directed at our very standing area. Therefore, we refused to sign."

The Gettysburg Address:

Lincoln: "Four score and seven years ago...Why are you looking at me like that? No, I mean like that. Don't look at me like that. I refuse to continue."


D-Day:

General Eisenhower: "Men...off the carrier and to the shore! No...No...I said it nicely. I was just trying to be enthusiastic. No, I didn't mean that you wouldn't get off the carrier. No, that's the usual tone of my voice.

Man's Landing on The Moon
:
Neil Armstrong: "That's one small step for man, one giant...What, Buzz? No, I'm not trying to imply anything. No, I've never even thought about that. Yes, we all have the same size suits. No. Size 9. Yes, double E."

The Stabilization of the American Economy in the 21st Century:

"You hurt our feelings."

From:
Head of State
http://headofstate.blogspot.com/2008/09/great-moments-in-american-history.html

Posted by: robthewsoncamb | September 29, 2008 5:21 PM | Report abuse

I just noticed today that Nancy Pelosi's face is like a death's-head rictus, fixed-smile grimace version of the ugly lawyer woman from Sex in the City. The one with a stick neck and stiff face.

How much of Nancy Pelosi's face is real flesh and how much is plastic, silicone, or botox-frozen meat?

Posted by: AsperGirl | September 29, 2008 5:17 PM | Report abuse

popasmoke writes:

"Mccain cloaked this as an almost military effort. "All hands on deck" "I was a fighter pilot" and so on. So Mccain went to washington to tell his troops what they had to do. A commander needs troops who will charge when he orders them to, not say, "Wait I want to think about this for a minute". Mccain is not the leader of his party he may think he is."

So then, what about Obama? Seems like he did not lead the way very well, right? Oh yeah, that horses arse always votes from a distance, that vote being, present, even when he is not present.

McCain has been hesitant because he knows the votes are not there. Obama has sat back and done absolutlely NOTHING. Which is what Obama does, besides talking, is NOTHING.

Posted by: KMichaels | September 29, 2008 5:17 PM | Report abuse


REAP THE WHIRLWIND, Oh Ye Wail Street Pigs.

(Hey Cheer Up! - Now, you can STILL pay $$Billions to your piggish CEO's...)

Posted by: T-Prop | September 29, 2008 5:17 PM | Report abuse

dmhooge wrote:
"If you try to spin the results before they come out the other party will have no other choice but to vote against you."
**********************************

You oughta send this message to your boy McCain. At a campaign appearance this morning [Hey, didn't he suspend his campaign until this thing was settled??], McCain was congratulating himself, and taking the credit for getting the deal made. He looks pretty dumb now. He's had one hell of a bad week.

Posted by: Skeptic21 | September 29, 2008 5:17 PM | Report abuse

The bailout bill was the idea of Republican Treasury secretary and Bush appointee Hank Paulson. The bill should have passed with nearly 100% Republican support along with a few Democrats willing to side with Bush and Paulson. Instead, the Democrats had a majority of their caucus behind the bill, while the Republicans were two to one against it. Given the numbers and context, blaming Pelosi for the defeat is just plain silly.

Posted by: RCFriedman | September 29, 2008 5:16 PM | Report abuse

"Someone walking down the road gets shot by an arrow, and falls down bleeding. The first thing he should do is NOT consider who shot the arrow, and why, and bring the shooter to justice -- pull out the arrow first or you die. Do the other things later."

You do look for the guilty culprit first ... if the vast majority of Americans are pointing their finger at you as the perpetrator!!! McCain and the rest of the Republicans are more worried about winning an election than easing the suffering of John Q. Public.

Posted by: sdecker | September 29, 2008 5:15 PM | Report abuse

Washington, D.C is playing politics with America's future. The members of Congress were elected by us to enact laws for our country, yet all they care about is which members of their party gets elected. This financial mess did not happen over night; in fact, it happened over decades. Our Congress certainly is to blame, both democrats and republicans, but we the people are also to blame. We have become fat and greedy. We do not save for our future, for our children's education, for emergencies. So many expect the government to take care of them. 30 years ago our research and development went to hell. Our children are driving new cars, have large allowances, they no longer work to mow lawns, throw the newspaper, etc. Ok, so you work and your sponse works, but go back to the basics of life. We don't need a TV in every room, cell phones for everyone, top of the line clothing for our kids and ourselves until we max out all our credit cards. We don't need a house that we really can't afford but have to have. We have become a selfish people.

Posted by: love234america | September 29, 2008 5:14 PM | Report abuse

I am a small business owner and my credit lines are drying up. My business and employees livelihoods are at grave risk. How can you partisan idiots on both sides of the aisle fail to see how bad this will be for all of America? Instead of having 1 Nero watching Rome burn, we have millions of partisan idiots with their special agendas thinking only of their lofty self-righteous ideas while watching our country burn and thinking themselves immune and above it all. I predict that this same group will yell the loudest and blame the other side for what will now likely happen when it does. What is wrong with you people? We are in a credit crisis and no sides' hands are clean.

Posted by: tom27 | September 29, 2008 5:13 PM | Report abuse

Payday is coming. When the Congressional elections come, there is zero chance I will vote for an incumbent. Doesn't matter which party. Congreess lacks leaders. Pelosi certainly helped matters when she made a partisan speech before the vote today. And Barney Frank? He has been a key player in driving Fannie and Freddie to give loans to people who simply didn't qualify. But at this point, Republican or Democrat, the incumbent will not get my vote. Let the chips fall where they may.

Posted by: donchew1 | September 29, 2008 5:13 PM | Report abuse

"Even in the White House meeting, the Democrats (led by Obama) were attacking the Republicans so much so that John McCain walked out of the meeting. "

At best, this is a gross mischaracterization; at worst, an out and out lie. Nothing like that happened at all.

Which lying liar fed you this whopper - Rush or Hannity? Or did you make it up yourself?

Posted by: bondjedi | September 29, 2008 5:12 PM | Report abuse

Repubs know the American people rightly blame them for this mess and for voting to make it even worse. They mistakenly believe they can post, on blogs like this one and cover their sins.

Aint gonna work!

Posted by: garygelormino1 | September 29, 2008 5:12 PM | Report abuse

The bailout bill was the idea of Republican Treasury secretary and Bush appointee Hank Paulson. The bill should have passed with nearly 100% Republican support along with a few Democrats willing to side with Bush and Paulson. Instead, the Democrats had a majority of their caucus behind the bill, while the Republican were two to one against it. Given the numbers and context, blaming Pelosi for the defeat is just plain silly.

Posted by: RCFriedman | September 29, 2008 5:12 PM | Report abuse

I think this just corrodes the attitudes that people have towards politicans and DC in general, regardless of party -- but frankly, that helps Obama. There's just no way at this point McCain portrays himself as more of an outsider than Obama.

I also think people give credit to Obama for NOT wading into this thing in a big way. Neither one of them is President yet, and McCain looks like the typical Washington blow-hard jumping in front of a parade.

Iraq, Katrina, now this. Our political system has achieved 100% dysfunction. Thanks, Reagan, Bush, Gingrich, Bush, Atwater and Rove. Nice job.

Posted by: starthom | September 29, 2008 5:12 PM | Report abuse

Just shows you how many members are scared about getting reelected. Little do they know that they are now likely to be increasingly bombarded by constituants who cant get loans for their small business, already franchiser are feeling the pinch as are auto dealers. This is all really great for the economy.

Just shows also that house member would vote to endorse mein kampf if there re-election chances were in the lurch

Posted by: nclwtk | September 29, 2008 5:12 PM | Report abuse

also from http://www.fivethirtyeight.com

"The congressmen who are retiring this year -- and who therefore can perhaps be described as the most neutral arbiters of the public good -- voted overwhelmingly for this measure."

Posted by: DDAWD | September 29, 2008 5:11 PM | Report abuse

I'm a liberal but I AGREE WITH THE REPUBLICANS.

This bill is bad it rewards greedy bankers by bailing them out AFTER they raked off billions of profits and now gives them a new start to do it again.

If Mr. Bush/Congress feel such a need to spend all this money they're about to take from us, why not start building the infrastructure we need to move strongly through this century.

We could create MILLIONS of JOBS building schools, roads, high speed trains, wind turbines, nuclear energy plants, etc., with this money. The jobs created and the salaries paid will get our economy moving again. It's a trickle-up theory.

I don't mind them taking my money to build a stronger America, but I do mind them taking it to give to Wall Street profiteers and housing speculators.

(Still voting for Obama because Bush and Company (read McCain) built the system that allowed this corruption to occur.)

Posted by: fonkyou | September 29, 2008 5:11 PM | Report abuse

i would like to hear your perspective on the votes based on the financial aid provided to congressional members from the financial community that will benefit from the "rescue". Who is holding out for what?

Also how soon do we see another vote and switches that mysteriously come about unrelated to earmarks in the appropriations measures working thru congress.

Posted by: tollman54 | September 29, 2008 5:10 PM | Report abuse

i would like to hear your perspective on the votes based on the financial aid provided to congressional members from the financial community that will benefit from the "rescue". Who is holding out for what?

Also how soon do we see another vote and switches that mysteriously come about unrelated to earmarks in the appropriations measures working thru congress.

Posted by: tollman54 | September 29, 2008 5:10 PM | Report abuse

Interesting. Cilizza says that 220 members of the house voted against this bailout because of "provincial concerns". Is that what he thinks of elections? If so, why not go ahead and declare this country a technocratic oligarchy? If how people vote is a "provincial concern" that lawmakers should rise above, then I have trouble seeing why we have elections at all.

This bailout was bad because it would try to solve the creation of easy-money by preventing those who made the worst loans from losing their shirts.

Stop the easy-money policies, and maybe we can get away with just another year of suffering. Otherwise, we'll be right back in the same place in just a few months.

Posted by: alanlockett | September 29, 2008 5:10 PM | Report abuse

THOSE RICH WALL STREET SPECULATING GOP REPUBLICANS WHO DROVE THE BUS INTO THE DITCH, WILL NOT BE TRUSTED TO DRIVE THE BUS OUT OF THAT DITCH.

SUPER RICH GOP REPUBLICAN WALL STREET SPECULATORS AND THEIR GOP REPUBLICAN HAND PICKED STOOGES IN THE WHITE HOUSE ADMINISTRATION, SENATE, SUPREME COURT, TREASURY, SEC AND CONGRESS TOGETHER HAVE $1 TRILLION WORTH OF THE AMERICAN PEOPLE’S ASSETS (DOMESTIC AND HIDDEN ABROAD) THAT MUST BE RETURNED TO THE CITIZENS OF THE UNITED STATES.

AMERICA WANTS ITS $1 TRILLION BACK NOW AND CRIMINAL TRIALS FOR ALL INVOLVED IN THIS CONSPIRACY AGAINST THE AMERICAN PEOPLE.

ACCOUNTABILITY AND TRANSPARENCY ARE THE NEW LAWS OF THE LAND.

TREASON AGAINST THE AMERICAN PEOPLE WILL NOT BE TOLERATED.

NO MORE GOLDEN PARACHUTES FOR EXECUTIVE CRIMINALS. GOP SUPER RICH REPUBLICAN WALL STREET CRIMINALS PREPARE FOR HANDCUFFS AND ASSETS CONFISCATION.

THOSE GOP REPUBLICAN CORPORATE EXECUTIVES WHO STOLE AND SQUANDERED AVERAGE AMERICANS’ MONEY ON HIGH RISK UNSECURED WALL STREET LAS VEGAS STYLE SPECULATIONS SHOULD NOT BE REWARDED WITH MULTIMILLION-DOLLAR COMPENSATION PACKAGES SUBSIDIZED BY THE TAXPAYERS.

THESE GOP SUPER RICH REPUBLICAN CORPORATE EXECUTIVES, SPECULATORS AND CONGRESSIONAL STOOGES SHOULD BE IN HANDCUFFS. ALL OF THEIR ASSETS SHOULD BE CONFISCATED, LIQUIDATED AND RETURNED THE TREASURY (AMERICAN PEOPLE).

LET THE TRIALS BEGIN: GOP SUPER RICH REPUBLICAN FLEECING OF AMERICA

CITIZENS OF THE UNITED STATES VERSUS GOP SUPER RICH GOP REPUBLICAN CRIMINALS

ACT QUICKLY, ACT QUICKLY, ACT QUICKLY
IS NOT THIS THE SAME THING THAT THOSE GOP REPUBLICAN CRIMINALS SAID TO START THE ILLEGAL IRAQ WAR!

LET THE TRIALS BEGIN: CITIZENS OF THE UNITED STATES VERSUS GOP SUPER RICH REPUBLICAN CRIMINALS (BUSH, CHENEY, RICE, PAULSON, MCCAIN) AND THEIR WALL STREET SUPERCAPITALIST SPECULATING FELLOW CONSPIRATOR FRIENDS

THE AMERICAN PEOPLE WILL PREVAIL

THIS GOP REPUBLICAN SUPER RICH WALL STREET MELTDOWN IS CRIMINAL MISUSE OF THE AMERICAN PEOPLE’S MONEY AT THE HIGHEST LEVEL (TREASON)

D STUDENT JOHN MCCAIN FEARS SHARING THE STAGE WITH HARVARD LAW PROFESSOR BARACK OBAMA

MOOSE COMMUNITY COLLEGE SARAH PALIN FEARS SHARING THE STAGE WITH LAW SCHOLAR JOE BIDEN

Hmmm, let's see. We have a bunch of republicans whining about wanting these CEOs to keep their fortunes, multiple houses and cars, and they want the taxpayers to bail them out. But when the taxpayer wanted help to keep THEIR homes, they were called a bunch of whiners by these SAME republicans and were given NO bailout.

Why are their oversized fortunes more important than the rest of America's modest and undersized ones?

Now, for the last time, once and for all, explain to me how Obama is the elitist and the republicans are "just like you and me." Go ahead. I triple dog dare you.

GOP REPUBLICAN WALL STREET SUPERCAPITALISM AT ITS WORST

Executive salaries, CEO bonuses, grand robberies of the U.S. TREASURY in the $MILLIONS, $BILLIONS, and $TRILLIONS.

GOP REPUBLICAN WALL STREET SUPERCAPITALISTS robbed the AMERICAN PEOPLE of a $Trillion. RULE OF LAW states that the AMERICAN PEOPLE will be protected and all private properties, money, and wealth domestic and abroad owned by GOP REPUBLICAN SUPERCAPITALISTS taking part in robbing the U.S. TREASURY (AMERICAN PEOPLE) will immediately be confiscated and returned to the U.S. TREASURY (AMERICAN PEOPLE).

REPLACE GOP REPUBLICAN CEO GOLDEN PARACHUTES WITH CRIMINAL TRIALS AND PROPERTY CONFISCATION. THE AMERICAN PEOPLE WILL PREVAIL AND THE UNITED STATES CONSTITUTION WILL BE REINSTATED. LONG LIVE FREEDOM AND JUSTICE. CORPORATE TRANSPARENCY AND ACCOUNTABILITY WILL BE THE LAW OF THE LAND.

INSIDE JOB AT THE HIGHEST LEVEL:
GOP REPUBLICAN WHITE HOUSE ILLEGAL WARS AND
WALL STREET CRIMINAL DEREGULATED SPECULATIONS

You asked for it and you got it. GOP REPUBLICANS INSIDERS McCain, Bush, Cheney, Paulson, and Rice were hired by Super-Capitalists (Super Wealthy GOP REPUBLICANS) to start Illegal Oil Wars against Oil producing Nations and DEREGULATE (eliminate AMERICAN PEOPLE PROTECTION) the FEDERAL GOVERNMENT (White House, Congress, Supreme Court), TREASURY and WALL STREET. These INSIDERS did exactly what they were paid to do. Past GOP REPUBLICANS (Nixon, Reagan, Bush I) and current GOP REPUBLICANS (Bush II, Cheney, Rice, McCain, Paulson) have a credibility factor of zero. Americans no longer believe them, the World has never believed them and now they are done. They came in with the 9/11 attack upon the AMERICAN PEOPLE and leave with the Wall Street $1Trillion attack upon the AMERICAN PEOPLE.

Wave after wave after wave the GOP REPUBLICANS attack the AMERICAN PEOPLE based on the premise of disrespect for anyone who is not a GOP RICH REPUBLICAN. Either you are in their group (GOP RICH REPUBLICAN) or out (debt ridden worker bee / victim). GOP REPUBLICANS view the AMERICAN PEOPLE as gullible sheep perpetually fattened with debt and led to the subhuman existence slaughter. When slavery (free labor) ended GOP RICH REPUBLICANS attacked and enslaved the people of the world through unbalanced trade. Now that foreign sweatshops are demanding better pay and treatment, GOP RICH REPUBLICANS are attacking the AMERICAN MIDDLE CLASS. GOP RICH REPUBLICANS are banking on the idea that the AMERICAN MIDDLE CLASS are non-thinking drones fat with artificial food, high on Wall Street sponsored imported drugs (legal / illegal), and choked with clutter, debt and noise.

Through massive GOP REPUBLICAN SPONSORED DEREGULATIONS, GOP REPUBLICAN CEOs, Treasury Secretary, Wall Street Speculators, White House Administration, Cabinet Members, and their insider friends each walked away with more than $20,000,000 annually of money stolen directly from the U.S. TREASURY (AMERICAN PEOPLE). After eight years of GRAND FRAUD AT THE HIGHEST LEVEL, thousands of GOP REPUBLICANS ROBBED OUR UNITED STATES TREASURY OF $1TRILLION (ACTS OF TREASON AGAINST THE AMERICAN PEOPLE).

The AMERICAN PEOPLE will hold ALL GOP REPUBLICANS INVOLVED in these ACTS OF TREASON accountable before a TRIAL. ALL GOP REPUBLICANS INVOLVED in these ACTS OF TREASON will have ALL OF THEIR PROPERTIES (corporate and private, domestic and foreign sheltered) CONFISCATED, SOLD and RETURNED to OUR NATIONAL TREASURY (AMERICAN PEOPLE). The UNITED STATES CONSTITUTION (WILL OF THE AMERICAN PEOPLE) shall prevail, despite the criminal efforts of GOP REPUBLICAN WALL STREET SUPER-CAPITALIST CRIMINALS.


CONGRESS WILL NOT ADJOURN UNTIL AFTER THE GOP REPUBLICAN PARTY FIX THEIR COLOSSAL MESS

GOP (GOOD OLDBOY PRIVATEERS)

Obama has 8 years experience as a State Senator, 4 years in the US Senate, taught Constitutional Law at the University of Chicago, etc. Obama’s very high intellectual capacity allows him to analyze situations and make sound decisions. How can you even compare Palin’s GED from Moose Community College credentials to these?

GOP REPUBLICAN JOHN MCCAIN WALL STREET DEREGULATIONS
GOP REPUBLICAN JOHN MCCAIN ALSO WANTED TO PRIVATIZE SOCIAL SECURITY (BONEHEAD)
GOP REPUBLICAN JOHN MCCAIN sponsored landmark legislation in 1999 that removed the walls between banks, investment firms and insurance companies. GOP REPUBLICAN JOHN MCCAIN bill allowed a company like AIG to expand beyond its traditional insurance business (which is still profitable) into exotic new extremely high risk products that brought the company down and created this colossal mess.

WALL STREET SRO - SELF REGULATORY ORGANIZATION
THE GOP REPUBLICAN RUN Government (GOP President, GOP Congress, GOP Supreme Court) looked the other way, while GOP REPUBLICAN Super-capitalist Obscenely Rich WALL STREET SRO Speculators Robbed Our U.S. TREASURY and Forced the $Trillion Debt Upon the AMERICAN PEOPLE.


Average Americans are becoming poorer, because GOP REPUBLICAN WALL STREET super rich SPECULATORS and corporate CEOs are paying themselves, business partners, friends, and family members at least $20,000,000 annually from MONEY STOLEN FROM THE U.S. TREASURY. These major crimes committed by WALL STREET SPECULATORS AND CEOs have gone beyond greed and into acts of treason against the AMERICAN PEOPLE. Seize the stolen money and properties valued in the $TRILLIONS back from these super criminals for attacking America. Those stolen $MILLIONS / $BILLIONS / $TRILLIONS belong to the AMERICAN PEOPLE.

RULE OF LAW states that the People of the United States will be defended. Those who attack American Citizens will be prosecuted. WALL STREET SPECULATORS and CORPORATE CEOs dictatorship over the AMERICAN PEOPLE is over. Average Americans are not going to accept WALL STREET CORPORATE CRIMES anymore. Rights of Citizen and Average Workers of the United States will be enforced. The AMERICAN PEOPLE will always come before corporate interests, because Americans Love America more than Wall Street Speculators love greed.


GERMANY, FRANCE, ENGLAND HAVE GREATER CITIZEN-WORKERS’ RIGHTS, TRANSPARENCY, OVERSIGHT, AND DOMESTIC TRANQUILITY THAN GOP REPUBLICAN WALL STREET RUN AMERICA. AMERICA WILL HONOR AMERICAN CITIZENS WITH DEMOCRATIC WORKERS’ RIGHTS, TRANSPARENCY, OVERSIGHT, AND DOMESTIC TRANQUILITY.

NO MORE WALL STREET IMPORTATION OF ILLEGAL CARTEL DRUGS
NO MORE WALL STREET MASS GUN SALES
NO MORE WALL STREET ILLEGAL WARS
NO MORE WALL STREET WILD SPECULATION AND IRRESPONSIBLE LEVERAGE
NO MORE WALL STREET SOFT PORNOGRAPHY ON PRIME TIME TELEVISION
NO MORE WALL STREET MASS VIOLENCE ON PRIME TIME TELEVISION
NO MORE WALL STREET HATE RADIO
NO MORE WALL STREET UNAUTHORIZED SPYING ON AMERICAN CITIZENS
NO MORE WALL STREET ILLEGAL CREDIT SCORES
NO MORE WALL STREET OVERSEAS TAX HAVENS
NO MORE WALL STREET OUTSOURCING AMERICAN JOBS
NO MORE WALL STREET BUYING AMERICAN POLITICIANS

GOP REPUBLICAN WALL STREET $TRILLION FRAUD AGAINST THE AMERICAN PEOPLE

Direct impact of GOP McCain sponsored deregulations
Bankrupt and floundering
Failure of the investment bank
Government's takeover

GOP REPUBLICAN WALL STREET's business model has collapsed

Greed and fear routinely govern GOP REPUBLICAN WALL STREET financial markets and GLOBAL CRISIS.

GOP REPUBLICAN WALL STREET (giant investment houses, brokerage firms, hedge funds, "private equity" firms) irresponsibly TRADED the savings of average Americans (placed LAS VEGAS STYLE BETS on extremely high risk stocks, bonds, and other securities).

DUBIOUS MORTGAGES were PACKAGED into BONDS and SOLD and TRADED. Investment houses had huge incentives to increase LEVERAGE (OBSCENELY HIGH BORROWING).

GOP REPUBLICAN WALL STREET compensation is heavily skewed toward annual bonuses, reflecting the profits traders and managers earned in the tune of lavish base salaries and obscenely high annual bonuses of $20,000,000.

GOP REPUBLICAN WALL STREET relies heavily on OBSCENELY HIGH LEVERAGE (OBSCENELY HIGH BORROWING). $3 Trillion (stocks, bonds, other securities) backed by only $80 billion in shareholders' equity while the $2.8 Trillion was LEVERAGE (BORROWED).

Leverage (huge borrowing) can create huge debts (huge principal and interest obligations)

GOP REPUBLICAN WALL STREET is a manic machine for gambling.
Traders and money managers are given huge incentives to do whatever would increase short-term profits.

For decades, GOP REPUBLICAN JOHN MCCAIN sponsored legislation that broadly deregulated WALL STREET banking and insurance industries.

GOP REPUBLICAN JOHN MCCAIN swept away Consumer Protection legislation and opened the way for a less restricted high risk financial marketplace.

While the GOP REPUBLICAN WALL STREET boom continued, government (White House, Congress, Supreme Court) looked the other way.

GOP REPUBLICAN Congress resisted tougher regulation and permitted WALL STREET to run out of control at obscenely high LEVERAGE (OBSCENELY HIGH BORROWED MONEY) RATIOS perpetrating intentional fraud against the AMERICAN PEOPLE.

GOP REPUBLICAN WALL STREET leaders intentionally deceived customers and lenders into taking hazardous risks for short-term rewards regardless of the long-term dangers to the AMERICAN PEOPLE.

Mortgages went bad. The powerful high leverage went into reverse. Losses eroded firms' capital bases and raised doubts about their survival.

Financial firms took major stupid and wasteful risks that severely damaged the American Economy and impeded economic recovery.

GOP REPUBLICAN STOCK MARKET $TRILLION FRAUD has deepened consumers' pessimism, fear and reluctance to spend. There may be more failures of FINANCIAL FIRMS.

GOP REPUBLICAN WALL STREET financial crises resemble the GOP REPUBLICAN illegal miscalculated war.


How were we ever made to believe that the now-collapsing GOP REPUBLICAN WALL STREET model ever made sense? Common sense should have told us that making RISKY BETS with HUGE AMOUNTS of BORROWED MONEY was a DANGEROUS GAME; if the bets pay off you make money beyond your wildest dreams, but if they go bad you face utter ruin.

Common sense should have told us that betting fortunes on meaningless fluctuations in stock, bond or currency values (McCain sponsored deregulated hedge funds) was about as productive as a trip to Las Vegas. Common sense should have told us that buying and selling exotic securities based on other securities based on bundles of mortgages that were treated like mere numbers on a balance sheet (no recognition that the whole iffy construct was based on real people living in real houses that they might or might not be able to afford) was not an intelligent endeavor.

Somehow, we all forgot that "HIGHLY LEVERAGED" is just another way of saying "DEEPLY INDEBTED." Now we've had a wake-up call, and maybe the erstwhile Masters of the Universe will have to stop playing with imaginary money and go back to using the real stuff.


RULE OF LAW WILL ENFORCE CONFISCATION OF ALL GOP REPUBLICAN WALL STREET SPECULATORS’ AND CEOS’ PERSONAL PROPERTIES RESPONSIBLE FOR OUR ECONOMY’S MELTDOWN. All money and properties of the Super Rich CEOs and WALL STREET Speculators domestic and abroad will be confiscated and returned to the United States TREASURY and the AMERICAN PEOPLE.

WALL STREET SRO - SELF REGULATORY ORGANIZATION
OUR GOP REPUBLICAN RUN Government (GOP President, GOP Congress, GOP Supreme Court) looked the other way, while GOP REPUBLICAN Super-capitalist Obscenely Rich WALL STREET SRO Speculators Robbed Our U.S. TREASURY and Forced the $Trillion Debt Upon the AMERICAN PEOPLE.

GOP REPUBLICAN LIARS SUPER RICH WALL STREET GET RICH QUICK GREEDY
BILLION DOLLARS RISKY UNSECURED LOANS RISKY UNSECURED LOANS RISKY UNSECURED LOANS
REPACKAGED AND SOLD TO THE AMERICAN PEOPLE.

GOP REPUBLICAN LIARS SUPER RICH WALL STREET ROBBER BARONS
COMMIT TREASON AND GRAND FRAUD AGAINST THE AMERICAN PEOPLE.


WALL STREET SRO - SELF REGULATORY ORGANIZATION
OUR GOP REPUBLICAN RUN Government (GOP President, GOP Congress, GOP Supreme Court) looked the other way, while GOP REPUBLICAN Super-capitalist Obscenely Rich WALL STREET SRO Speculators Robbed Our U.S. TREASURY and Forced the $Trillion Debt Upon the AMERICAN PEOPLE.


HILLARY RODHAM CLINTON ANGERED BY SARAH PALIN’S REMARKS

Comments uttered by Sarah Palin has angered Senator Hillary Rodham Clinton who described Sarah Palin as an opportunist with no qualifications. Senator Hillary Clinton also stated that John McCain and Sarah Palin’s records on women’s rights are abominable. The country cannot withstand anymore George Bush failures cloaked in McCain/Palin. Asking Sarah Palin to become Vice President is like asking the grazing moose behind her trailer to pilot the shuttle.

National Organization of Women (NOW) Endorsed Pro-Women’s Rights ticket Obama / Biden for their outstanding work bettering the lives of women.

During her first term as Mayor, Palin went on an intense firing spree by sacking, or requesting resumes and resignation letters from the chief of police, finance director, public works director, and librarian.

In October of 1996, Palin consulted the city librarian about censoring "objectionable" books. The librarian was shocked and responded that the books were selected "on the basis of national selection criteria of libraries this size" and would resist all efforts to ban or remove any books from the library. A few months later Emmons received a letter from Palin stating that she had been terminated from her job. Emmons was reinstated the next day after public outcry.

Long time Alaskan acquaintance described Sarah Palin as a malicious, conniving opportunist, a reckless spender, and power abuser. Initially Palin supported the 'bridge to nowhere' project and even wore t-shirts that supported the project. When she realized that the project was not supported by the public she decided to back off.

Palin is an avid pro-lifer. Teen pregnancies are a major dilemma facing the nation today. The government spent $1 billion in supporting abstinence-only sex education programs since 1996. In the case of Palin's daughter, such programs are failing us. Palin is comfortable with giving her own daughter a choice, but wants to take away that choice from the rest of the nation.

By picking a young, attractive and vivacious woman as his partner in crime, McCain hoped to pull in all the disappointed Clinton supporters. This was his crucial mistake, because Sarah Palin is the antithesis of Hillary Clinton. She stands against women rights and would reverse women's rights by fifty years. Women are not as gullible as McCain and his advisors had hoped that they would be. Just because McCain placed a young woman in front of the crowd does not mean women will automatically vote for her without any question. Women will soon realize that Sarah Palin is an anti-choice, homophobic, polar bear, wolf, moose, and deer killing machine.

Sarah Palin is incapable of writing a speech. The speech given by her at the Republican National Convention was written long before she was considered for McCain’s running mate by the computer. McCain had never heard of Palin until after the computer printed her name one day before his announcement.

The thought that Sarah Palin will do anything in the White House is unsettling, because she is a unhinged lunatic who will mess up and give the public the perception that women cannot be in power. Hillary Rodham Clinton and women throughout the country are very angry that Sarah “moose hunter” Palin is in such an important position. Four out of Sarah’s five best friends have committed to Barack Obama.


GOP REPUBLICANS ARE AUTHORITARIANS WHO DO NOT BELIEVE IN FREE SPEECH OR DEMOCRACY. GOP REPUBLICAN ONLY INTERESTS ARE POWER AND MONEY.


GOP REPUBLICAN WALL STREET SUPERCAPITALISM AT ITS WORST

Executive salaries, CEO bonuses, grand robberies of the U.S. TREASURY in the $MILLIONS, $BILLIONS, and $TRILLIONS.

GOP REPUBLICAN WALL STREET SUPERCAPITALISTS robbed the AMERICAN PEOPLE of a $Trillion. RULE OF LAW states that the AMERICAN PEOPLE will be protected and all private properties, money, and wealth domestic and abroad owned by GOP REPUBLICAN SUPERCAPITALISTS taking part in robbing the U.S. TREASURY (AMERICAN PEOPLE) will immediately be confiscated and returned to the U.S. TREASURY (AMERICAN PEOPLE).


PALIN FAILIN RETURNED HOME TO 2,000 ALASKAN PROTESTERS WHO CHEERFULLY CHANTED "O-BAM-AH.

Gov. Sarah Palin returned home to 2,000 protesters outside the Anchorage library who wanted to correct the widespread impression that the Last Frontier endorses her candidacy.

"Last week a group of women were sitting around talking about this perception that all of Alaska supports Sarah Palin. We apparently hit a nerve and started a movement,"

A sense of festival obtained. There was a woman in a polar bear suit representing "Polar Bear Moms Say: No Palin Failin." Drivers on 36th Avenue saw a little girl waving a sign "Don't Ban My Books."

"My mom is from Alaska. She's a working mother. She's good looking," said Nolan. "So she seems to be qualified to be vice president."

Asking Sarah Palin to become the Vice President is like asking the grazing moose behind her trailer to pilot the shuttle.

Sarah Palin Failin Protesters Held Signs Reading:

Bush In A Skirt
Palin Be Failin
Jesus Was a Community Organizer
Palin Failin: Thanks But No Thanks
Smearing Alaska's Good Name One Scandal @ a Time
Candidate To Nowhere
Rape Kits Should Be Free
Voted For Her Once: Never Again!
Community Organizers are the Real Patriots
Barbies for War
I Shall Not Be Pandered To
Give Palin Failin Your Vote AND Your Draft Age Child
Sarah Palin Failin: So Far Right She's Wrong
Alaska Is Not Frisco
Coat Hangers for McCain
Sarah Palin Failin, Undoing 150 Years of American Feminism
Hockey Mama for Obama (on a hockey stick)


Cheerful chants of "O-bam-ah.


National Organization of Women (NOW) Endorses Obama / Biden For Their Pro-Women Rights Stance


McCain / Palin Failin are rejected for their anti-women stance and votes against Women Rights

PRESIDENTIAL AND VICE PRESIDENTIAL CHOICES

I'm a little confused. Let me see if I have this straight.....

If you grow up in Hawaii, raised by your grandparents, you're 'exotic, different.'

Grow up in Alaska eating mooseburgers, and its a quintessential American story.

If your name is Barack you're a radical, unpatriotic Muslim.

Name your kids Willow, Trig and Track, you're a maverick.

Graduate from Harvard law School and you are unstable.

Attend 5 different small colleges before graduating, you're well grounded.

If you spend 3 years as a brilliant community organizer,
become President of the Harvard Law Review,
create a voter registration drive that registers 150,000 new voters,
spend 12 years as a Constitutional Law professor,
spend 8 years as a State Senator representing a district with over 750,000 people,
become chairman of the state Senate's Health and Human Services committee,
spend 4 years in the United States Senate representing a state of 13
million people while sponsoring 131 bills and serving on the Foreign
Affairs, Environment and Public Works and Veteran's Affairs committees,
you don't have any real leadership experience.

If your total resume is: local weather girl, 4 years
on the city council and 6 years as the mayor of a town with less
than 7,000 people, 20 months as the governor of a state with only 650,000
people, and cook caribou/grizzly/wolf stew, then you're qualified to become the country's second
highest ranking executive.

If you have been married to the same woman for 19 years while raising 2 beautiful daughters,
all within Protestant churches, you're not a real Christian.

If you cheated on your first wife with a rich heiress,
and left your disfigured wife and married the heiress the next month,
you're a Christian.

If you teach responsible, age appropriate sex education, including
the proper use of birth control, you are eroding the fiber of society.

If , while governor, you staunchly advocate abstinence only,
with no other option in sex education in your state's school system
while your unwed teen daughter ends up pregnant , you're very responsible.

If your wife is a Harvard graduate lawyer who gave up a position in a prestigious law firm
to work for the betterment of her inner city community, then gave that up to raise a family,
your family's values don't represent America's.

If you're husband is nicknamed 'First Dude', with at least one DWI conviction
and no college education, who didn't register to vote until age 25 and
once was a member of a group that advocated: the secession of Alaska from the USA,
your family is extremely admirable.

OK, much clearer now.


National Organization of Women (NOW) Endorses Obama / Biden For Their Pro-Women Rights Stance


McCain / Palin Failin are rejected for their anti-women stance and votes against Women Rights

BRITISH PRIME MINISTER BROWN SUPPORTS BARACK OBAMA

LONDON - BRITISH PRIME MINISTER GORDON BROWN voiced support for UNITED STATES DEMOCRATIC PRESIDENTIAL CANDIDATE BARACK OBAMA, saying he would help Americans struggling with an economic downturn.

In a move seen by some British media as a break with a political convention requiring foreign leaders to remain neutral ahead of US elections, BRITISH PRIME MINISTER BROWN praised MR. OBAMA as a fellow “progressive politician” who would help ordinary Americans in tough times. With eight weeks to go before the presidential election, MR. OBAMA and his Republican rival John McCain are neck-and-neck in domestic opinion polls.

BRITISH PRIME MINISTER BROWN described the race for the White House as “electrifying” and said: “It is the DEMOCRATS who are generating the ideas to help people through more difficult times.”

“To help prevent people from losing their home, BARACK OBAMA has proposed a Foreclosure Prevention Fund to increase emergency pre-foreclosure counselling, and help families facing repossession,” he wrote in an article in The Monitor magazine, a monthly political publication.


2008 UNITED STATES DEMOCRATIC PRESIDENTIAL RACE

DEMOCRAT HARVARD LAW VS. GOP REPUBLICAN D STUDENTS

OBAMA OF HARVARD LAW AND PRESIDENT OF HARVARD LAW REVIEW
BIDEN OF SYRACUSE LAW

MCCAIN OF NAVY ACADEMY LAST PLACE D STUDENT
PALIN FAILIN OF MOOSE COLLEGE

GOP Republican Wall Street SRO (Self Regulatory Organization) Robber Baron Supercapitalism Is Down And Will No Longer Rob the U.S. TREASURY and AMERICAN PEOPLE

STOP DESTRUCTIVE GOP REPUBLICAN WALL STREET SUPERCAPITALISM OIL SPECUALTARS (OIL MILLIONAIRES BUSH, CHENEY, RICE, MCCAIN, PALIN FAILIN)

NATIONALIZE U.S. OIL FOR NATIONAL DEFENSE
NATIONALIZE U.S. OIL FOR NATIONAL DEFENSE
NATIONALIZE U.S. OIL FOR NATIONAL DEFENSE

WHY A BARREL OF OIL ILLEGALLY SHOT UP FROM $24 TO $145 DURING THE GOP REPUBLICAN (MCCAIN, BUSH, CHENEY, RICE, PALIN FAILIN) ADMINISTRATION


GOP REPUBLICAN BUSH I OOOOOIIIIILLLLL MILLIONAIRE AND OIL EXECUTIVE
GOP REPUBLICAN BUSH II OOOOOIIIIILLLLL MILLIONAIRE AND OIL EXECUTIVE
GOP REPUBLICAN CHENEY OOOOOIIIIILLLLL MILLIONAIRE AND OIL EXECUTIVE
GOP REPUBLICAN RICE OOOOOIIIIILLLLL MILLIONAIRE AND OIL EXECUTIVE
GOP REPUBLICAN GUILIANI OOOOOIIIIILLLLL MILLIONAIRE AND OIL STOCKHOLDER
GOP REPUBLICAN MCCAIN OOOOOIIIIILLLLL MILLIONAIRE AND OIL STOCKHOLDER
GOP REPUBLICAN PALIN FAILIN OOOOOIIIIILLLLL COMMISSIONER AND OIL STOCKHOLDER


TOGETHER WHAT DO THEY ALL HAVE IN COMMON?

THEY ARE ALL GOP REPUBLICAN OOOOOIIIIILLLLL MILLIONAIRES AND OIL STOCKHOLDERS


GOP REPUBLICAN OOOOOIIIIIIIIILLLLLLLLLLL IS THE NEW CRACK
GOP REPUBLICAN OOOOOIIIIIIIIILLLLLLLLLLL IS THE NEW CRACK
GOP REPUBLICAN OOOOOIIIIIIIIILLLLLLLLLLL IS THE NEW CRACK


CAN YOU SAY GOP REPUBLICAN CONSPIRACY TO DEFRAUD THE AMERICAN PUBLIC, ROB OUR U.S. TREASURY, AND SPECULATE FOR OBSCENELY HIGH PROFIT RETURNS ON WALL STREET OIL STOCKS

WAKE UP AMERICA, BECAUCE THE WORLD ALREADY KNOWS ABOUT THE CRIMINAL GOP REPUBLICAN PARTY OF CONSPIRATORS

NATIONALIZE U.S. OIL FOR NATIONAL DEFENSE AS A VITAL RESOURCE

AMERICA AND AMERICANS FIRST

NO MORE GOP REPUBLICAN WALL STREET OOOOOIIIIILLLLL SPECULATION AND FRAUD AGAINST THE AMERICAN PEOPLE

IF YOU SAY THAT YOU LOVE AMERICA, THEN PROVE IT AND STOP THE GOP REPUBLICAN RAIDERS UPON OUR U.S. TREASURY AND OUTSOURCING OF U.S. JOBS


GOP Republican Wall Street Get Rich Quick By Robbing America TREASURY Wild Speculators Created The Enormous National Debt, So Make Them Pay For It And Balance Our Budget.
GOP Republican Wall Street Supercapitalism Speculators Have Committed Treason Against Our Country.

HILLARY RODHAM CLINTON ANGERED BY SARAH PALIN FAILIN’S REMARKS

Will the GOP Republican get rich by selling America party take credit for any of their disasters? GOP Republicans are successful at failing and hurting OUR COUNTRY in the eyes of the WORLD. Can we really afford to ignore what the ENTIRE WORLD THINKS OF US?


How does the WORLD perceive AMERICA led by Barack Obama? Extremely favorable.

How does the WORLD perceive AMERICA led by John McCain? Extremely negative.

FOUR MORE YEARS ANYONE?

Eventually, Americans will realize that doing the same thing (electing GOP Republicans) will not yield different results (stock market disasters, economic disasters, world view disasters, failed foreign policy disasters, failed domestic policies disasters).

Spraying perfume on a new GOP Republican Pig will not create a bright and shiny candidate. Garbage in equal garbage out. GOP Republican garbage in yield (stock market, economic, foreign relations, domestic policies) garbage out.

McCain has perpetually been a failure from school until now.
Palin Failin has perpetually been a failure (with a hillbilly hockey mom accent) from day one until now. Her bear hunting Arctic outback kids prove it.

Do you really need someone to tell you these basic facts? Under the Freedom of Information Act, all of this information is available free if you choose to type in the questions.

Lets prove to the Europeans and the World that we are not stupid, because they think that we are after two terms of Forrest Gump Bush.

D Student Crash Every Plane McCain and Hillbilly Trailer Palin Failin are not reflective of the AMERICAN PEOPLE.

If Palin Failin had a brain, then she would have considered the immense responsibilities demanded of the Office of the United States Vice President or President; and politely declined McCain’s crack induced invitation. GOP Republican Party is a joke.

If FOX NEWS does not clean up it’s filthy RACIST acts of discrimination, then American and European audiences will B O Y C O T T FOX RACIST NEWS.


GOP Republican Wall Street Get Rich Quick By Robbing America TREASURY Wild Speculators Created The Enormous National Debt, So Make Them Pay For It And Balance Our Budget.
GOP Republican Wall Street Supercapitalism Speculators Have Committed Treason Against Our Country.


REPORT SAYS GOP REPUBLICAN OIL AGENCY RAN AMOK

INVESTIGATION OF GOP REPUBLICAN OFFICE OF MANAGEMENT AND BUDGET

INVESTIGATION OF GOP REPUBLICAN MINERALS MANAGEMENT SERVICE OIL MARKETING GROUP


GOP REPUBLICAN Government officials in charge of collecting BILLIONS of dollars worth of royalties from OIL and gas companies accepted gifts, steered contracts to favored clients and engaged in drug use and illicit sex with employees of the energy firms, federal investigators reported.

Investigators from the Interior Department's inspector general's office said more than a dozen employees, including the former director of the OIL royalty program, took meals, ski trips, sports tickets and golf outings from industry representatives. The report alleges that the former director, also netted more than $30,000 from improper outside work.

The report from Inspector General contains fresh allegations about the practices at the beleaguered royalty-in-kind program of Interior's Minerals Management Service, which last year collected more than $4 billion worth of OIL and natural gas from companies given contracts to tap energy on federal and Indian lands and offshore. The revelations come as Congress is set to consider opening the Arctic National Wildlife Refuge and areas off the coast of Florida for drilling.

The royalty-in-kind program, based near Denver, allows energy companies to pay the government in OIL and gas, rather than cash, for the privilege of drilling on government land. It has been the subject of multiple investigations since 2006 by the Interior Department's secretary, its inspector general, the Justice Department and Congress for alleged mismanagement and conflicts of interest.

In the report released yesterday, investigators said they "discovered a culture of substance abuse and promiscuity" in which employees accepted gratuities "with prodigious frequency." The report cited one e-mail from a Shell Pipeline representative asking a woman in the royalty office to attend "tailgating festivities" at a Houston Texans football game: "You're invited . . . have you and the girls meet at my place at 6am for bubble baths and final prep."

Besides Shell, the energy company employees mentioned in the report worked for Chevron, Hess and Gary-Williams Energy. The social outings detailed in the report included alcohol-, cocaine- and marijuana-filled parties where certain employees of the Minerals Management Service were nicknamed the "MMS Chicks" by the energy employees. The companies paid for federal workers to attend football and baseball games, PGA Tour events, Colorado ski trips, paintball outings and "treasure hunts," investigators found.

"The OIL INDUSTRY holds shocking sway over the ADMINISTRATION and even KEY FEDERAL EMPLOYEES,". "This is why we must not allow BIG OIL'S AGENDA to be jammed through CONGRESS."

The current director of the Minerals Management Service, said that he takes the report "very seriously".
Employees identified in the report told investigators that they didn't think ethics rules applied to them because of their "unique" role in the agency and that they needed to socialize with industry representatives for "market intelligence," according to the report. Those employees, some of whom have been transferred to different offices, have been recommended for internal administrative action.

The inspector general's release comprised three separate reports, including one devoted to the program's director. It alleges that Smith improperly worked part time for Geomatrix Consultants, an Oakland, Calif.-based environmental and engineering firm, and marketed the company to government clients.

Additionally, the report said that the director had an inappropriate sexual relationship with a subordinate whom he paid to buy cocaine, promising her a bonus in return. The director admitted to the sexual encounter.

The director, who now works for a private OIL company in Denver, did not respond to requests for comment. Investigators referred their findings to federal prosecutors.

Justice officials also declined to comment on their decision about the criminal case against the highest-ranking official named in the report director of the Minerals Management Service, who worked in Washington. She is accused of improperly arranging a million-dollar deal for two retired employees.

The wife of the procurement policy administrator for the WHITE HOUSE OFFICE OF MANAGEMENT AND BUDGET, retired from government service Jan. 31. She declined to comment on the report. She told investigators she had a "personal issue. The Justice Department's decision to charge created a rift with Interior officials.

One of the two retired employees pleaded guilty in July to a federal conflict-of-interest charge related to the investigation. Another employee has been under investigation for similar conflict-of-interest allegations.

Before he left, Mayberry created a job for himself by writing the job description and the criteria for selecting the winning bidder, court documents show. He started a company out of his Texas home and was awarded a $150,000 contract in June 2003. He later hired Dial, the report said. Mayberry's firm collected $788,000 worth of contracts.

The royalty-in-kind program, which started as a small pilot project a decade ago, has been touted as a way to simplify the way OIL AND GAS COMPANIES pay for the right to drill on federal land and offshore. Instead of calculating the profit from a well, they can simply give the government one-eighth to one-sixth of whatever they take from the ground.

Revenue rose quickly, from $1.5 billion in 2004 to $4.3 billion last fiscal year. But the growth occurred "in an environment with relatively unstructured in-house oversight," the congressionally convened Royalty Policy Committee said in a December report. Previous reports have said that companies were allowed to revise their million-dollar bids for projects indiscriminately, that government workers routinely failed to seek out legal advice on complicated deals and that the agency used outdated computers and a $150 million software program that resulted in royalty money going uncollected.

A lawyer who represented states and tribes entitled to a cut of the royalties, said it was nearly impossible to get accurate numbers from the agency. "They kept hemming and hawing," she said.

In late 2006 questions arose over its handling of leases written in 1998 and 1999 that allowed major OIL companies drilling in the Gulf of Mexico to avoid BILLIONS of dollars in royalty payments.

Former Interior Department auditors accused the agency of failing to bill companies. "We weren't allowed to audit them. It was disturbing," said an auditor who sued the federal government for not collecting royalties. "You couldn't see what was going on."

The minerals agency director said that the harm done by the royalty employees was to public trust and TREASURY, and acknowledged that financial considerations were given to firms that gave favors to federal employees, and he said the contracts will be audited.


Do you really question the motives of GOP Republicans Criminals? America must Immediately Nationalize U.S. OIL and Gas For National Defense.


DEMOCRAT HARVARD LAW VS. GOP REPUBLICAN CRASH JET AND MUDVILLE

U.S. Presidents From Harvard Law
John Adams
John Quincy Adams
Rutherford Hayes
Theodore Roosevelt
Franklin Roosevelt
John Kennedy
Barack Obama

President and Harvard Law Scholar Barack Obama Contrast With D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain


Growing Up

D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain was privileged, given everything by both parents, and worked for nothing.


Irish-American and Harvard Law Scholar Barack Obama grew up poor, raised by his Irish-American single white mother and Irish-American white working class maternal grand parents. Irish-American and Harvard Law Scholar Barack Obama was given nothing and worked for everything.

Education

D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain was a D student and graduated last in his class. D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain and McBush Wall Street OOIIILLLL Millionaire share failed academic records. He partied constantly and dependent on favor handouts from his high ranking father and grandfather. D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain earned nothing on his own similar to McBush Wall Street OOIIILLLL Millionaire. D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain is also Internet illiterate which slows down his information processing capacity. Is this good for the country?


Irish-American and Harvard Law Scholar Barack Obama worked hard and became PRESIDENT OF THE HARVARD LAW REVIEW. Everything that Irish-American and Harvard Law Scholar Barack Obama accomplished he did on his own. Irish-American Barack Obama’s HARVARD Scholarship ranks among the best. Irish-American and Harvard Law Scholar Barack Obama’s hard work represents the American Dream.


Community Service

D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain poor studies translated into poor performances in the military where he crashed several planes and recklessly endangered the lives of others. D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain was never trusted by his colleagues nor loved by his peers. The highlight of D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain’s career was getting shot down and becoming a prisoner. D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain served his country by getting handouts from his guards. Getting handouts seems to be D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain’s modem of operations. WillObscenelyRich Crash Every Plane McCain, who finished 894th out of 899 at the Naval Academy and who lost five jets, return competence to the White House? To lose one plane over Vietnam may be a heroic tragedy; to lose five planes here and there is carelessness.

Irish-American Barack Obama turned down large profits after graduating from HARVARD LAW to serve the community in Chicago where help was needed most. The community learned to trust and love Irish-American and Harvard Law Scholar Barack Obama for his dedication to public service.


Marriage

D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain walked out on his family to chase a younger woman who was on drugs, embezzling money from her company, stealing, and facing criminal charges, until her privileged family saved her from trial. D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain’s dysfunctional family represents chaos and lack of respect when he curses her in public.


Irish-American and Harvard Law Scholar Barack Obama married an intelligent IVY LEAGUE attorney and adores his beautiful young daughters. Irish-American and Harvard Law Scholar Barack Obama’s First Family represents what America is striving for. Irish-American and Harvard Law Scholar Barack Obama has always been surrounded by and still maintains a great respect for women (Irish mother, Irish grandmother, sister, wife, and two daughters). If anyone is in tune with and favors the betterment of working American women, then it’s Irish-American and Harvard Law Scholar Barack Obama.

International Diplomacy

The World wants no more chaotic McBush Wall Street OOIIILLLL Millionaire-D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain.


The World loves Irish-American and Harvard Law Scholar Barack Obama and will follow America’s leadership behind Irish-American and Harvard Law Scholar Barack Obama.

If D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain had to make another emergency landing on a deserted island with Irish-American and Harvard Law Scholar Barack Obama onboard as one of the passengers, then it is safe to say that D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain would assume the role of Gilligan, while Irish-American and Harvard Law Scholar Barack Obama would assume the role of the professor.

Hillary Clinton Will Destroy Sarah Palin Failin From Mooseville College.


Navy pilot John Sidney D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain III should have never been allowed to graduate from the U.S. Navy flight school. He was a below average student and a lousy pilot. Had his father and grandfather not been famous four star U.S. Navy admirals, D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain III would have never been allowed in the cockpit of a military aircraft.

His father John S. "Junior" McCain was commander of U.S. forces in Europe later becoming commander of American forces in Vietnam while D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain III was being held prisoner of war. D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain III's grandfather John S. McCain, Sr. commanded naval aviation at the Battle of Okinawa in 1945.

During his relative short stunt on flight status, D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain III lost five U.S. Navy aircraft, four in accidents and one in combat.

D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain III lost jet number one in 1958 when he plunged into Corpus Christi Bay while practicing landings. He was knocked unconscious by the impact coming to as the plane settled to the bottom.

D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain's second crash occurred while he was deployed in the Mediterranean. Flying too low over the Iberian Peninsula, he took out some power lines which led to a spate of newspaper stories in which he was predictably identified as the son of an admiral."

D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain's third crash three occurred when he was returning from flying a Navy trainer solo to Philadelphia for an Army-Navy football game.

D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain's fourth aircraft loss occurred July 29, 1967, soon after he was assigned to the USS Forrestal as an A-4 Skyhawk pilot. While seated in the cockpit of his aircraft waiting his turn for takeoff, an accidently fired rocket slammed into D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain's plane. He escaped from the burning aircraft, but the explosions that followed killed 134 sailors, destroyed at least 20 aircraft, and threatened to sink the ship.

D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain's fifth loss happened during his 23rd mission over North Vietnam on Oct. 26, 1967, when D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain's A-4 Skyhawk was shot down by a surface-to-air missile. D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain ejected from the plane breaking both arms and a leg in the process and subsequently parachuted into Truc Bach Lake near Hanoi.

"Demands for military information were accompanied by threats to terminate my medical treatment if I [D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain] did not cooperate. Eventually, I gave them my ship's name and squadron number, and confirmed that my target had been the power plant."

When the communist learned that D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain's father was Admiral John S. McCain, Jr., the soon-to-be commander of all U.S. Forces in the Pacific, he was rushed to Gai Lam military hospital.

The communist Vietnamese figured, because POW D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain's father was of such high military rank, that he was of royalty or the governing circle. Thereafter the communist bragged that they had captured "the crown prince."

For 23 combat missions (an estimated 20 hours over enemy territory), the U.S. Navy awarded D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain a Silver Star, a Legion of Merit for Valor, a Distinguished Flying Cross, three Bronze Stars, two Commendation medals plus two Purple Hearts and a dozen service medals.

D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain had roughly 20 hours in combat. Since D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain got 28 medals, that equals out to a medal-and-a-half for each hour he spent in combat. There were infantry guys -- grunts on the ground -- who had more than 7,000 hours in combat where I'm sure a prison cell would have looked pretty good to them by comparison. The question really is how many guys got that number of medals for not being shot down.

D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain has been an unchecked master at manipulating an overly friendly and biased news media. The former POW turned Congressman, turned U.S. Senator, has managed to gloss over his failures as a pilot and collaborations with the enemy by exaggerating his military service and lying about his feats of heroism.

D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain has sprouted a halo and wings to become America's POW-hero presidential candidate.

Former naval officer and the owner of an OOIIILLLL-trading company that inked defense contracts worth $1 billion is the modern presidential money man. The law forbids high-level supporters from writing huge checks, but with help from friends in the Middle East D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain is receiving large donations.

If FOX NEWS does not clean up it’s filthy RACIST acts of discrimination, then American and European audiences will B O Y C O T T FOX RACIST NEWS.

Barak Obama proved why November's presidential election will end in a 50-state sweep. John Crash Every Plane McCain has no chance. It's like George Bush climbing into the ring with Mike Tyson; one thundering left hook and the Crawford Caligula would be sprawled across the canvas. "No mas"! The same fate awaits the crabby senator from Arizona. The polls are skewed to look like there's a political horse-race going on. There isn't. It's a complete rout. There's one well-toned thoroughbred striding from venue to venue electrifying the ever-increasing throngs, and one doddering, old mare limping towards the glue-factory. Someone should put a stop to it before Crash Every Plane McCain gets hurt.

At the Victory Column in Berlin's Tiergarten, Obama extracted Old Glory from the burn-pile and gave Brand America a desperately needed shot of adrenaline. 200,000 ecstatic Germans jammed the streets in what turned out to be the political shindig of the year. Many of them were waving American flags and chanting, "Obama, Obama, Obama". It was like Jack Kennedy had risen from his moldy sepulcher and made his way across the pond for one last rousing ovation. Obama has the very same affect on crowds. Its a gift and he knows how to use it to great advantage.

"People of Berlin, people of the world, this is our moment, this is our time," Obama boomed. "I know my country has not perfected itself, we've made our share of mistakes and there are times when our actions around the world have not lived up to our best intentions. But the greatest danger of all is to allow new walls to divide us from one another."

What can we say about Obama's oratory skills that hasn't already been said? He is one of those unique characters who knows how to tap into the collective psyche and put them under his spell. He is the closest thing to a Pied Piper we've seen in the last half century. Whatever one thinks of his politics, his speeches are a welcome reprieve from the simian blabbering of President Dimwit.

"I speak to you not as a candidate for president, but as a citizen; a proud citizen of the United States and a fellow citizen of the world." (Roaring applause)

JOHN Crash Every Plane McCain: Maverick or Freak?
Have you taken a look at the crowds at a Crash Every Plane McCain event. Usually, there aren't any. Typically, there are more journalists and cameramen then people; and even they look bored. It's the truth. He generates no enthusiasm at all. None. He may be the most uninspiring, tedious, pure-vanilla candidate of all time; a complete dud. I challenge anyone to recite from memory anything John Crash Every Plane McCain has ever said in his 40 years in office. Time's up! When Crash Every Plane McCain begins to talk, its a signal for women to pull out the nail-files and for men to figure out how they're going to get out of cutting the lawn this week. Really. No one listens.

And the people that do manage to drag themselves to his speeches out of a sense of obligation are (you guessed it) scowling white guys with baseball caps pulled tightly over their ears or nearly-ambulatory Korea-era Vets who think the United Nations is a communist front-group that's planning to air-drop blue-helmets into Duluth to take over the United States. Tin-foil hats anyone?

Popularity and charisma, how does one survive in politics with neither. That's the question, and it may be the biggest mystery of Crash Every Plane McCain's candidacy. He's just not a likable guy. No one ever talks about hanging out and having a beer with John Crash Every Plane McCain, because they know that he might go "Jackie Chan" and start busting the place up. And he's utterly impossible to listen to. His high-pitched squeaky voice is about two octaves higher than a dog-whistle and twice as annoying. So how is he going to beat Obama. It's a total mismatch.

Crash Every Plane McCain is the perfect candidate for the GOP Republic party that has completely collapsed. He's like the "Jolly Roger" on the front of an iodine bottle; Brand X. In 2000, the Republican Party boasted it was the "party of ideas". What ideas? The Republican Party has never had ideas because the corporate mandarins and blue-blooded kleptocrats that run the party are suspicious of ideas, ideology, doctrine, philosophy or anything else that veers from their primary objectives of crushing the poor, despoiling the environment, carpet-bombing brown people wherever they may be, and enriching themselves. That's all they care about. The task of the right-wing think-tanks is to treat "war and tax cuts" like they're ideas. They're not. But war and tax cuts ARE the two foundation blocks of the Republican Party. There's nothing else; there never has been. Don't look for ideas; there aren't any. GOP Republican get rich quick by defrauding the AMERICAN PEOPLE, robbing the National TREASURY, sending American jobs overseas, and raising the national debt.

Hold Bush, Cheney, Rice, and Crash Every Plane McCain accountable for the crimes they've committed during their time in office.

Obama is not a candidate; he's a phenomenon. Obama is an explosive, vital, charismatic politician. When he speaks people feel better about themselves and their country. And, they're more hopeful about the future, too. That's what makes him unbeatable.

Crash Every Plane McCain, on the other hand, is the perfect embodiment of his party; a rusty, broken-down hulk that's been stripped of its engine, its fenders and all its moving parts. Even the steering wheel is gone. It's a dead-loss; nothing is salvageable.

Crash Every Plane McCain is in way over his head. This election is going to be a real embarrassment for him. It's too bad. He should be back at the Phoenix Rest Home shooing kids off the front lawn instead of waiting for the ax to fall in November. It's a rotten way to end a career.


GOP Republican Wall Street SRO (Self Regulatory Organization) Robber Baron Supercapitalism Is Down And Will No Longer Rob the U.S. TREASURY and AMERICAN PEOPLE


GOP REPUBLICAN PLANE/TRAILER WRECK MCCAIN/PALIN FAILIN

With Wall Street OOOIIIIILLLLLL stocks paid under the table to Sarah Palin Failin OOOOIIIIILLLLLL Commissioner from OOOOOIIIIIILLLLLLL Millionaires Crash Every Plane McCain, Bush, Cheney, Rice and Guiliani; it appears that Sarah Palin Failin OOOOIIIIILLLLLL Commissioner, her large family, dogs, cats, chickens, and hogs can now move out of their trailer. Guiliani went from GOP front runner to anonymous polygamist. Guiliani is the biggest joke and shares home dysfunction with Bush, Cheney, Rice, Crash Every Plane McCain and now Sarah trailer Palin Failin OOOOIIIIILLLLLL Commissioner. OOOOIIIIILLLLLLL MILLIONS stolen from Our TREASURY did not help their dysfunctional families.

GOP Republican Wall Street Get Rich by robbing the American TREASURY and outsourcing American jobs party has officially been dissolved. Plane wreck McCrash and Train wreck Trailer Palin Failin OOOOIIIIILLLLLL Commissioners have destroyed the already dysfunctional GOP Republican Party of Corporate Welfare Thieves.

Democrats and Independents are the official parties. Blessings to America and the World for peaceful cooperation and the elimination of unjust wars for GOP profits. The People First Party has arrived and Rich Wall Street millionaires will no longer use the AMERICAN PEOPLE as their cattle. Americans today are all free independent Democratic People in pursuit of happiness in the spirit of cooperation.

“We joined up with an altruistic vision of promoting freedom and justice around the world,” said Vince Emanuel, a Marine lance corporal who did a tour of duty in Iraq from August 2004 to April 2005, explaining why he was marching and protesting the GOP Republican Convention.

“Except we saw the killing of innocent people and the destruction of property ... for a lot of us it was very disenfranchising."

The veterans group tried to hand a message to the campaign of GOP Republican John Crash Every Plane McCain calling for a withdrawal from Iraq, reparations for the Iraqi people, and full medical benefits for veterans. No one from John Crash Every Plane McCain’s campaign received them.


If FOX NEWS does not clean up it’s filthy RACIST acts of discrimination, then American and European audiences will B O Y C O T T FOX RACIST NEWS.


GOP Republican Wall Street SRO (Self Regulatory Organization) Robber Baron Supercapitalism Is Down And Will No Longer Rob the U.S. TREASURY and AMERICAN PEOPLE

Prerequisite for the United Stats President and Vice President is advance degrees, especially in Constitutional Law. D student McCain and hillbilly Palin Failin are excluded from the highest offices in the World. The debates will be fun: Harvard Law vs. Crash Jet and Mudville.

GOP Republican Wall Street Get Rich Quick By Robbing America TREASURY Wild Speculators Created The Enormous National Debt, So Make Them Pay For It And Balance Our Budget.
GOP Republican Wall Street Supercapitalism Speculators Have Committed Treason Against Our Country.


What has WALL STREET SUPER-CAPITALISM brought you besides:

Cluttered homes full of useless crap

Semi-illiterate teenage sons on alcohol and drugs

Semi-illiterate teenage daughters on drugs and having unwanted babies

Divorce rates off the chart

Depress people living alone and addicted church on TV or pornography

Guns deregulation freeing children to murder each other in school and after school

Prime time (dinner hour) soft pornography for the kids to mimic

Daughters dressing like prostitute

Sons dressing like the homeless

GREED GREED GREED steal money from your neighbors through wild WALL STREET speculations

SELL SELL SELL BUY BUY BUY (It is all enslaving crap)

Super Rich becomes more Super Rich, while the middle class becomes poor

College graduates cannot afford a small home and must live in their parents’ basements

Clinton left the United States with a surplus

GOP Republicans have stolen all of the Treasury surplus plus another $Trillion. Let the trials and confiscation (America versus GOP Republican Criminals) begin

The American People will prevail over Super Rich Greedy Lawless GOP Republicans


HILLARY RODHAM CLINTON ANGERED BY SARAH PALIN FAILIN’S REMARKS

Posted by: dwashington1 | September 29, 2008 5:08 PM | Report abuse

Some general rules of thumb about discussing the economy.

1) If you cant point to a specific cause and effect on what caused what then you are probably just blowing hot air.

2) The lame "who was in control" does not work since the parties seem to hover right around 50% giver or take then just a small percentage from the other party can turn the vote in the other direction.

3) Giving credit or blame for all economic happenings to whatever president is there at the time is just juvenile, naive and downright stupid.

The cause of this current problem is too many subprime loans. The chief enabler of too many subprime loans was Fannie and Freddie. And the chief enabler of Fannie and Freddie are Democrats.

Posted by: KMichaels | September 29, 2008 5:08 PM | Report abuse

The responsibility for this falls to Republican voters - they have scared the republican congress who are not willing to offend the Montana militia types who think hoarding gold and stuffing mattresses with money is a good economic plan.

Until these low information voters die off or otherwise stop this "Reagan revolution" BS, our government will be paralysed.

Posted by: bflagg | September 29, 2008 5:08 PM | Report abuse

Everyone sees through McCain’s shameless charade, but the Republicans are trying desperately to find a scapegoat. It isn’t working.

On the Intrade Prediction Market, where people put money behind their predictions, Obama’s stock is soaring. Before last week when McCain started all of his dramatics, it was pretty even: risk $5 to earn $5. As of this afternoon, investors are willing to risk $6 to earn $4 if Obama wins the election. Those predicting McCain are only willing to risk $4 to earn $6.

Posted by: Skeptic21 | September 29, 2008 5:07 PM | Report abuse

Mccain cloaked this as an almost military effort. "All hands on deck" "I was a fighter pilot" and so on. So Mccain went to washington to tell his troops what they had to do. A commander needs troops who will charge when he orders them to, not say, "Wait I want to think about this for a minute". Mccain is not the leader of his party he may think he is.

Posted by: popasmoke | September 29, 2008 5:04 PM | Report abuse

Who's gonna bail my a$$ out?

Posted by: AbolhassanBaniSadr | September 29, 2008 5:02 PM | Report abuse

Someone walking down the road gets shot by an arrow, and falls down bleeding. The first thing he should do is NOT consider who shot the arrow, and why, and bring the shooter to justice -- pull out the arrow first or you die. Do the other things later.

Posted by: jacoury | September 29, 2008 5:01 PM | Report abuse

"The pot calling the kettle black?"

Posted by: DonJasper | September 29, 2008 4:46 PM

You think I'm a pot calling the kettle black because I said Nancy Pelosi & Barney Frank have been outrageously partisan in their public posturing while pressing for Republican votes behind closed doors? Even in the White House meeting, the Democrats (led by Obama) were attacking the Republicans so much so that John McCain walked out of the meeting.

Firstly, I'm not a congressional leader trying to persuade on-the-fence Republicans to vote against their interest, so I can be as partisan as I want to be. Secondly, I'm not as partisan as those two posturing fools in this crisis: Nancy Pelosi and Barney Frank.

Posted by: AsperGirl | September 29, 2008 5:00 PM | Report abuse

For the nitwits on this board who are blaming Obama for not getting this bill passed, think about it for a minute. The Democrats (including Obama) managed to get 60% of their coaucus to vote for President Bush's bailout bill! The Republicans (including McCain), could only get 40% of their caucus to vote for President Bush's bailout bill! Kind of puts it in a different light, doesn't it?

Posted by: NMModerate1 | September 29, 2008 4:59 PM | Report abuse

Gold never needs a bailout!

Posted by: MJMJ | September 29, 2008 4:59 PM | Report abuse

Obama goes on and tells America to stay calm. Congress is doing it's job of deliberation. Give them a chance to give due consideration, and things will come together. In the meantime, he's on the phone with Congressional leadership and with the Treasury secretary, and he'll use whatever influence he can.

McCain overreacts, and goes flailing into D.C. Despite having zero credibility on economic issues, he thinks that the sheer force of his own personality will be enough to get the job done. Instead, 2/3 of the Republican Caucus votes no. Since his gamble didn't pay off, he starts roaming the countryside, blaming Obama and the Democrats for failure, otherwise known as the Republican Default Position.

Leadership isn't always about rushing in to "save the day". Sometimes, you have to lay low and work behind the scenes. McCain injected the politics of a presidential campaign into a situation where they don't belong.

On a side note, I thought Barney Frank had an interesting point. The Republican leadership said that they were 12 votes shorter on the bill than they thought. They then blamed that shortfall on a "partisan" speech from Speaker Pelosi.

12, by the way, is exactly the number of additional votes it would've taken to pass the bill 217-216.

Posted by: cam8 | September 29, 2008 4:59 PM | Report abuse

I'm sure I'll be blasted for saying this, but isn't one of the lessons in all this that citizens have far more power in our democracy than we’ve ever given them credit for? Conventional wisdom would dictate that these industries, which have more than doubled the level of giving to political campaigns in the last 10 years, should have been able to get this bill passed with minimal effort. Yet, if the “here’s my money, where’s my vote” approach works so well, why isn’t it working now? Clearly, there’s a backlash – and a big one: big enough to alter the entire structure of the deal and, perhaps, bring it down. I just hope the rest of us don't come down with it.

Stephanie Vance, the Advocacy Guru

Posted by: xvance | September 29, 2008 4:59 PM | Report abuse

Okay, try to spin this 'crisis' as something that the democrats did while they were in the minority all those years.

Okay, try to spin this as Bush working in cahoots with the democrats.

Nice leadership Mr. McCain.

Posted by: mtobias1 | September 29, 2008 4:58 PM | Report abuse

Does anyone have a link to Pelosi's speech that y'all are discussing as if I am supposed to know what she said?

Do we not think that after the market tanks for two more days and maybe another bank fails this bill will be hurried back to the floor?

I now have clients who are not getting their usual short term financing and who will not be able to bid jobs and I do believe this will ripple through the economy until we are in full scale recession. Act now, or later?

Posted by: mark_in_austin | September 29, 2008 4:58 PM | Report abuse

Who's gonna bail my a$$ out?

Posted by: AbolhassanBaniSadr | September 29, 2008 4:58 PM | Report abuse

I don't know why I even bother blogging on this closed-minded liberal site but maybe it would help you democrat robots to think for yourself outside of the rhetoric. First some facts--the democrats could have passed this bill in the House without a single republican vote. I won't comment on that at all. Just ponder. Second--the president doesn't pass law--congress does. Sorry, Democrat who would love to pin this on Bush your rhetoric is empty. The President however, may offer laws for Congress to pass--as Bush did in 2003 to stop Fannie and Freddie's wild ride. (see evidence not rhetoric here http://www.nytimes.com/2003/09/11/business/11LEND.html?ei=5070&en=f31e9de1e37a3180&ex=1221969600&pagewanted=all&position=) Of course, the Democrats in power, especially Chris Dodd shot that down. Finally, Nancy Pelosi's speech was extremely partisan and accusatory. Sorry but with a vote that close fingerpointing isn't going to get you any Republican votes. I thought she knew a little about politics being the speaker. Politics 101--If you try to spin the results before they come out the other party will have no other choice but to vote against you. Nevertheless, see fact #1, the Democrats could have passed it without help. So, blaming the Republicans may help you and Mr. Cilliza feel better but it won't help this Country.

Posted by: dmhooge | September 29, 2008 4:58 PM | Report abuse

AsperGirl, or should we call you "Dianne72", your toxic nonsense and steady stream of lies, vicious gossip, racist and otherwise snide remarks, have overrun their welcome. I am inviting you to go elsewhere. You are a paid blogger, so we have no reason to think you even believe in the rubbish you publish. All of this, however, makes you such a despicable cad, such a treason swine, o horrible a criminal, that you have got to understand that your rants are tantamount to a declaration of war on everything that is decent and good. If you have any feels for this country, any sense of self worth, an sense of self preservation, you will cease and go away, never to bother decent society with your drivel again.

Posted by: mibrooks27 | September 29, 2008 4:57 PM | Report abuse

McCain got more Republican House votes for CEO amnesty. That shows why conservatives should vote for Chuck Baldwin who is rated excellent by NumbersUSA in every category on stopping legal immigration and no amnesty. McCain and his despicable sidekick Lindsey Graham need to go.

Posted by: OldAtlantic | September 29, 2008 4:56 PM | Report abuse

Asperger Girl wrote:
"The bill was foolish. You don't take extreme, dramatic steps of faith by banking on the leadership of partisans...."
***************************************

This was a bill that Bush and Paulson begged for.

Posted by: Skeptic21 | September 29, 2008 4:56 PM | Report abuse

Republicans blame Pelosi...This should show you what kind of cowards we're dealing with here...One's that have to find a scapegoat for their own cowardice to take ownership/accountability on an unpopular stand. RIP GOP.

Posted by: JustinMcC | September 29, 2008 4:55 PM | Report abuse

The only thing in worse crisis than our economy is our representatives. Our economy will recover, but the Washington mentality may be beyond repair. Citizens are tired of listening to promises that end up in the pockets of the wealthiest Americans.

What they don't seem to realize is that our trust in our representatives is lower than the stock market right now.

Posted by: steveeyes | September 29, 2008 4:55 PM | Report abuse

Some idiot dem wrote: "So ... if the Democrats aren't nice to the Republicans, then the Republicans are just going to pick up their toys and go stomping back home?"

Since all politicians are human and also politicians, they wont let some jackarse pelosi spew venom then vote her way. That is like Obama calling the voters irrational religious freaks with guns and then him expect them to vote for him.

Posted by: KMichaels | September 29, 2008 4:54 PM | Report abuse

I don't know why I even bother blogging on this closed-minded liberal site but maybe it would help you democrat robots to think for yourself outside of the rhetoric. First some facts--the democrats could have passed this bill in the House without a single republican vote. I won't comment on that at all. Just ponder. Second--the president doesn't pass law--congress does. Sorry, Democrat who would love to pin this on Bush your rhetoric is empty. The President however, may offer laws for Congress to pass--as Bush did in 2003 to stop Fannie and Freddie's wild ride. (see evidence not rhetoric here http://www.nytimes.com/2003/09/11/business/11LEND.html?ei=5070&en=f31e9de1e37a3180&ex=1221969600&pagewanted=all&position=) Of course, the Democrats in power, especially Chris Dodd shot that down. Finally, Nancy Pelosi's speech was extremely partisan and accusatory. Sorry but with a vote that close fingerpointing isn't going to get you any Republican votes. I thought she knew a little about politics being the speaker. Politics 101--If you try to spin the results before they come out the other party will have no other choice but to vote against you. Nevertheless, see fact #1, the Democrats could have passed it without help. So, blaming the Republicans may help you and Mr. Cilliza feel better but it won't help this Country.

Posted by: dmhooge | September 29, 2008 4:54 PM | Report abuse

THOSE RICH WALL STREET SPECULATING GOP REPUBLICANS WHO DROVE THE BUS INTO THE DITCH, WILL NOT BE TRUSTED TO DRIVE THE BUS OUT OF THAT DITCH.

SUPER RICH GOP REPUBLICAN WALL STREET SPECULATORS AND THEIR GOP REPUBLICAN HAND PICKED STOOGES IN THE WHITE HOUSE ADMINISTRATION, SENATE, SUPREME COURT, TREASURY, SEC AND CONGRESS TOGETHER HAVE $1 TRILLION WORTH OF THE AMERICAN PEOPLE’S ASSETS (DOMESTIC AND HIDDEN ABROAD) THAT MUST BE RETURNED TO THE CITIZENS OF THE UNITED STATES.

AMERICA WANTS ITS $1 TRILLION BACK NOW AND CRIMINAL TRIALS FOR ALL INVOLVED IN THIS CONSPIRACY AGAINST THE AMERICAN PEOPLE.

ACCOUNTABILITY AND TRANSPARENCY ARE THE NEW LAWS OF THE LAND.

TREASON AGAINST THE AMERICAN PEOPLE WILL NOT BE TOLERATED.

NO MORE GOLDEN PARACHUTES FOR EXECUTIVE CRIMINALS. GOP SUPER RICH REPUBLICAN WALL STREET CRIMINALS PREPARE FOR HANDCUFFS AND ASSETS CONFISCATION.

THOSE GOP REPUBLICAN CORPORATE EXECUTIVES WHO STOLE AND SQUANDERED AVERAGE AMERICANS’ MONEY ON HIGH RISK UNSECURED WALL STREET LAS VEGAS STYLE SPECULATIONS SHOULD NOT BE REWARDED WITH MULTIMILLION-DOLLAR COMPENSATION PACKAGES SUBSIDIZED BY THE TAXPAYERS.

THESE GOP SUPER RICH REPUBLICAN CORPORATE EXECUTIVES, SPECULATORS AND CONGRESSIONAL STOOGES SHOULD BE IN HANDCUFFS. ALL OF THEIR ASSETS SHOULD BE CONFISCATED, LIQUIDATED AND RETURNED THE TREASURY (AMERICAN PEOPLE).

LET THE TRIALS BEGIN: GOP SUPER RICH REPUBLICAN FLEECING OF AMERICA

CITIZENS OF THE UNITED STATES VERSUS GOP SUPER RICH GOP REPUBLICAN CRIMINALS

ACT QUICKLY, ACT QUICKLY, ACT QUICKLY
IS NOT THIS THE SAME THING THAT THOSE GOP REPUBLICAN CRIMINALS SAID TO START THE ILLEGAL IRAQ WAR!

LET THE TRIALS BEGIN: CITIZENS OF THE UNITED STATES VERSUS GOP SUPER RICH REPUBLICAN CRIMINALS (BUSH, CHENEY, RICE, PAULSON, MCCAIN) AND THEIR WALL STREET SUPERCAPITALIST SPECULATING FELLOW CONSPIRATOR FRIENDS

THE AMERICAN PEOPLE WILL PREVAIL

THIS GOP REPUBLICAN SUPER RICH WALL STREET MELTDOWN IS CRIMINAL MISUSE OF THE AMERICAN PEOPLE’S MONEY AT THE HIGHEST LEVEL (TREASON)

D STUDENT JOHN MCCAIN FEARS SHARING THE STAGE WITH HARVARD LAW PROFESSOR BARACK OBAMA

MOOSE COMMUNITY COLLEGE SARAH PALIN FEARS SHARING THE STAGE WITH LAW SCHOLAR JOE BIDEN

Hmmm, let's see. We have a bunch of republicans whining about wanting these CEOs to keep their fortunes, multiple houses and cars, and they want the taxpayers to bail them out. But when the taxpayer wanted help to keep THEIR homes, they were called a bunch of whiners by these SAME republicans and were given NO bailout.

Why are their oversized fortunes more important than the rest of America's modest and undersized ones?

Now, for the last time, once and for all, explain to me how Obama is the elitist and the republicans are "just like you and me." Go ahead. I triple dog dare you.

GOP REPUBLICAN WALL STREET SUPERCAPITALISM AT ITS WORST

Executive salaries, CEO bonuses, grand robberies of the U.S. TREASURY in the $MILLIONS, $BILLIONS, and $TRILLIONS.

GOP REPUBLICAN WALL STREET SUPERCAPITALISTS robbed the AMERICAN PEOPLE of a $Trillion. RULE OF LAW states that the AMERICAN PEOPLE will be protected and all private properties, money, and wealth domestic and abroad owned by GOP REPUBLICAN SUPERCAPITALISTS taking part in robbing the U.S. TREASURY (AMERICAN PEOPLE) will immediately be confiscated and returned to the U.S. TREASURY (AMERICAN PEOPLE).

REPLACE GOP REPUBLICAN CEO GOLDEN PARACHUTES WITH CRIMINAL TRIALS AND PROPERTY CONFISCATION. THE AMERICAN PEOPLE WILL PREVAIL AND THE UNITED STATES CONSTITUTION WILL BE REINSTATED. LONG LIVE FREEDOM AND JUSTICE. CORPORATE TRANSPARENCY AND ACCOUNTABILITY WILL BE THE LAW OF THE LAND.

INSIDE JOB AT THE HIGHEST LEVEL:
GOP REPUBLICAN WHITE HOUSE ILLEGAL WARS AND
WALL STREET CRIMINAL DEREGULATED SPECULATIONS

You asked for it and you got it. GOP REPUBLICANS INSIDERS McCain, Bush, Cheney, Paulson, and Rice were hired by Super-Capitalists (Super Wealthy GOP REPUBLICANS) to start Illegal Oil Wars against Oil producing Nations and DEREGULATE (eliminate AMERICAN PEOPLE PROTECTION) the FEDERAL GOVERNMENT (White House, Congress, Supreme Court), TREASURY and WALL STREET. These INSIDERS did exactly what they were paid to do. Past GOP REPUBLICANS (Nixon, Reagan, Bush I) and current GOP REPUBLICANS (Bush II, Cheney, Rice, McCain, Paulson) have a credibility factor of zero. Americans no longer believe them, the World has never believed them and now they are done. They came in with the 9/11 attack upon the AMERICAN PEOPLE and leave with the Wall Street $1Trillion attack upon the AMERICAN PEOPLE.

Wave after wave after wave the GOP REPUBLICANS attack the AMERICAN PEOPLE based on the premise of disrespect for anyone who is not a GOP RICH REPUBLICAN. Either you are in their group (GOP RICH REPUBLICAN) or out (debt ridden worker bee / victim). GOP REPUBLICANS view the AMERICAN PEOPLE as gullible sheep perpetually fattened with debt and led to the subhuman existence slaughter. When slavery (free labor) ended GOP RICH REPUBLICANS attacked and enslaved the people of the world through unbalanced trade. Now that foreign sweatshops are demanding better pay and treatment, GOP RICH REPUBLICANS are attacking the AMERICAN MIDDLE CLASS. GOP RICH REPUBLICANS are banking on the idea that the AMERICAN MIDDLE CLASS are non-thinking drones fat with artificial food, high on Wall Street sponsored imported drugs (legal / illegal), and choked with clutter, debt and noise.

Through massive GOP REPUBLICAN SPONSORED DEREGULATIONS, GOP REPUBLICAN CEOs, Treasury Secretary, Wall Street Speculators, White House Administration, Cabinet Members, and their insider friends each walked away with more than $20,000,000 annually of money stolen directly from the U.S. TREASURY (AMERICAN PEOPLE). After eight years of GRAND FRAUD AT THE HIGHEST LEVEL, thousands of GOP REPUBLICANS ROBBED OUR UNITED STATES TREASURY OF $1TRILLION (ACTS OF TREASON AGAINST THE AMERICAN PEOPLE).

The AMERICAN PEOPLE will hold ALL GOP REPUBLICANS INVOLVED in these ACTS OF TREASON accountable before a TRIAL. ALL GOP REPUBLICANS INVOLVED in these ACTS OF TREASON will have ALL OF THEIR PROPERTIES (corporate and private, domestic and foreign sheltered) CONFISCATED, SOLD and RETURNED to OUR NATIONAL TREASURY (AMERICAN PEOPLE). The UNITED STATES CONSTITUTION (WILL OF THE AMERICAN PEOPLE) shall prevail, despite the criminal efforts of GOP REPUBLICAN WALL STREET SUPER-CAPITALIST CRIMINALS.


CONGRESS WILL NOT ADJOURN UNTIL AFTER THE GOP REPUBLICAN PARTY FIX THEIR COLOSSAL MESS

GOP (GOOD OLDBOY PRIVATEERS)

Obama has 8 years experience as a State Senator, 4 years in the US Senate, taught Constitutional Law at the University of Chicago, etc. Obama’s very high intellectual capacity allows him to analyze situations and make sound decisions. How can you even compare Palin’s GED from Moose Community College credentials to these?

GOP REPUBLICAN JOHN MCCAIN WALL STREET DEREGULATIONS
GOP REPUBLICAN JOHN MCCAIN ALSO WANTED TO PRIVATIZE SOCIAL SECURITY (BONEHEAD)
GOP REPUBLICAN JOHN MCCAIN sponsored landmark legislation in 1999 that removed the walls between banks, investment firms and insurance companies. GOP REPUBLICAN JOHN MCCAIN bill allowed a company like AIG to expand beyond its traditional insurance business (which is still profitable) into exotic new extremely high risk products that brought the company down and created this colossal mess.

WALL STREET SRO - SELF REGULATORY ORGANIZATION
THE GOP REPUBLICAN RUN Government (GOP President, GOP Congress, GOP Supreme Court) looked the other way, while GOP REPUBLICAN Super-capitalist Obscenely Rich WALL STREET SRO Speculators Robbed Our U.S. TREASURY and Forced the $Trillion Debt Upon the AMERICAN PEOPLE.


Average Americans are becoming poorer, because GOP REPUBLICAN WALL STREET super rich SPECULATORS and corporate CEOs are paying themselves, business partners, friends, and family members at least $20,000,000 annually from MONEY STOLEN FROM THE U.S. TREASURY. These major crimes committed by WALL STREET SPECULATORS AND CEOs have gone beyond greed and into acts of treason against the AMERICAN PEOPLE. Seize the stolen money and properties valued in the $TRILLIONS back from these super criminals for attacking America. Those stolen $MILLIONS / $BILLIONS / $TRILLIONS belong to the AMERICAN PEOPLE.

RULE OF LAW states that the People of the United States will be defended. Those who attack American Citizens will be prosecuted. WALL STREET SPECULATORS and CORPORATE CEOs dictatorship over the AMERICAN PEOPLE is over. Average Americans are not going to accept WALL STREET CORPORATE CRIMES anymore. Rights of Citizen and Average Workers of the United States will be enforced. The AMERICAN PEOPLE will always come before corporate interests, because Americans Love America more than Wall Street Speculators love greed.


GERMANY, FRANCE, ENGLAND HAVE GREATER CITIZEN-WORKERS’ RIGHTS, TRANSPARENCY, OVERSIGHT, AND DOMESTIC TRANQUILITY THAN GOP REPUBLICAN WALL STREET RUN AMERICA. AMERICA WILL HONOR AMERICAN CITIZENS WITH DEMOCRATIC WORKERS’ RIGHTS, TRANSPARENCY, OVERSIGHT, AND DOMESTIC TRANQUILITY.

NO MORE WALL STREET IMPORTATION OF ILLEGAL CARTEL DRUGS
NO MORE WALL STREET MASS GUN SALES
NO MORE WALL STREET ILLEGAL WARS
NO MORE WALL STREET WILD SPECULATION AND IRRESPONSIBLE LEVERAGE
NO MORE WALL STREET SOFT PORNOGRAPHY ON PRIME TIME TELEVISION
NO MORE WALL STREET MASS VIOLENCE ON PRIME TIME TELEVISION
NO MORE WALL STREET HATE RADIO
NO MORE WALL STREET UNAUTHORIZED SPYING ON AMERICAN CITIZENS
NO MORE WALL STREET ILLEGAL CREDIT SCORES
NO MORE WALL STREET OVERSEAS TAX HAVENS
NO MORE WALL STREET OUTSOURCING AMERICAN JOBS
NO MORE WALL STREET BUYING AMERICAN POLITICIANS

GOP REPUBLICAN WALL STREET $TRILLION FRAUD AGAINST THE AMERICAN PEOPLE

Direct impact of GOP McCain sponsored deregulations
Bankrupt and floundering
Failure of the investment bank
Government's takeover

GOP REPUBLICAN WALL STREET's business model has collapsed

Greed and fear routinely govern GOP REPUBLICAN WALL STREET financial markets and GLOBAL CRISIS.

GOP REPUBLICAN WALL STREET (giant investment houses, brokerage firms, hedge funds, "private equity" firms) irresponsibly TRADED the savings of average Americans (placed LAS VEGAS STYLE BETS on extremely high risk stocks, bonds, and other securities).

DUBIOUS MORTGAGES were PACKAGED into BONDS and SOLD and TRADED. Investment houses had huge incentives to increase LEVERAGE (OBSCENELY HIGH BORROWING).

GOP REPUBLICAN WALL STREET compensation is heavily skewed toward annual bonuses, reflecting the profits traders and managers earned in the tune of lavish base salaries and obscenely high annual bonuses of $20,000,000.

GOP REPUBLICAN WALL STREET relies heavily on OBSCENELY HIGH LEVERAGE (OBSCENELY HIGH BORROWING). $3 Trillion (stocks, bonds, other securities) backed by only $80 billion in shareholders' equity while the $2.8 Trillion was LEVERAGE (BORROWED).

Leverage (huge borrowing) can create huge debts (huge principal and interest obligations)

GOP REPUBLICAN WALL STREET is a manic machine for gambling.
Traders and money managers are given huge incentives to do whatever would increase short-term profits.

For decades, GOP REPUBLICAN JOHN MCCAIN sponsored legislation that broadly deregulated WALL STREET banking and insurance industries.

GOP REPUBLICAN JOHN MCCAIN swept away Consumer Protection legislation and opened the way for a less restricted high risk financial marketplace.

While the GOP REPUBLICAN WALL STREET boom continued, government (White House, Congress, Supreme Court) looked the other way.

GOP REPUBLICAN Congress resisted tougher regulation and permitted WALL STREET to run out of control at obscenely high LEVERAGE (OBSCENELY HIGH BORROWED MONEY) RATIOS perpetrating intentional fraud against the AMERICAN PEOPLE.

GOP REPUBLICAN WALL STREET leaders intentionally deceived customers and lenders into taking hazardous risks for short-term rewards regardless of the long-term dangers to the AMERICAN PEOPLE.

Mortgages went bad. The powerful high leverage went into reverse. Losses eroded firms' capital bases and raised doubts about their survival.

Financial firms took major stupid and wasteful risks that severely damaged the American Economy and impeded economic recovery.

GOP REPUBLICAN STOCK MARKET $TRILLION FRAUD has deepened consumers' pessimism, fear and reluctance to spend. There may be more failures of FINANCIAL FIRMS.

GOP REPUBLICAN WALL STREET financial crises resemble the GOP REPUBLICAN illegal miscalculated war.


How were we ever made to believe that the now-collapsing GOP REPUBLICAN WALL STREET model ever made sense? Common sense should have told us that making RISKY BETS with HUGE AMOUNTS of BORROWED MONEY was a DANGEROUS GAME; if the bets pay off you make money beyond your wildest dreams, but if they go bad you face utter ruin.

Common sense should have told us that betting fortunes on meaningless fluctuations in stock, bond or currency values (McCain sponsored deregulated hedge funds) was about as productive as a trip to Las Vegas. Common sense should have told us that buying and selling exotic securities based on other securities based on bundles of mortgages that were treated like mere numbers on a balance sheet (no recognition that the whole iffy construct was based on real people living in real houses that they might or might not be able to afford) was not an intelligent endeavor.

Somehow, we all forgot that "HIGHLY LEVERAGED" is just another way of saying "DEEPLY INDEBTED." Now we've had a wake-up call, and maybe the erstwhile Masters of the Universe will have to stop playing with imaginary money and go back to using the real stuff.


RULE OF LAW WILL ENFORCE CONFISCATION OF ALL GOP REPUBLICAN WALL STREET SPECULATORS’ AND CEOS’ PERSONAL PROPERTIES RESPONSIBLE FOR OUR ECONOMY’S MELTDOWN. All money and properties of the Super Rich CEOs and WALL STREET Speculators domestic and abroad will be confiscated and returned to the United States TREASURY and the AMERICAN PEOPLE.

WALL STREET SRO - SELF REGULATORY ORGANIZATION
OUR GOP REPUBLICAN RUN Government (GOP President, GOP Congress, GOP Supreme Court) looked the other way, while GOP REPUBLICAN Super-capitalist Obscenely Rich WALL STREET SRO Speculators Robbed Our U.S. TREASURY and Forced the $Trillion Debt Upon the AMERICAN PEOPLE.

GOP REPUBLICAN LIARS SUPER RICH WALL STREET GET RICH QUICK GREEDY
BILLION DOLLARS RISKY UNSECURED LOANS RISKY UNSECURED LOANS RISKY UNSECURED LOANS
REPACKAGED AND SOLD TO THE AMERICAN PEOPLE.

GOP REPUBLICAN LIARS SUPER RICH WALL STREET ROBBER BARONS
COMMIT TREASON AND GRAND FRAUD AGAINST THE AMERICAN PEOPLE.


WALL STREET SRO - SELF REGULATORY ORGANIZATION
OUR GOP REPUBLICAN RUN Government (GOP President, GOP Congress, GOP Supreme Court) looked the other way, while GOP REPUBLICAN Super-capitalist Obscenely Rich WALL STREET SRO Speculators Robbed Our U.S. TREASURY and Forced the $Trillion Debt Upon the AMERICAN PEOPLE.


HILLARY RODHAM CLINTON ANGERED BY SARAH PALIN’S REMARKS

Comments uttered by Sarah Palin has angered Senator Hillary Rodham Clinton who described Sarah Palin as an opportunist with no qualifications. Senator Hillary Clinton also stated that John McCain and Sarah Palin’s records on women’s rights are abominable. The country cannot withstand anymore George Bush failures cloaked in McCain/Palin. Asking Sarah Palin to become Vice President is like asking the grazing moose behind her trailer to pilot the shuttle.

National Organization of Women (NOW) Endorsed Pro-Women’s Rights ticket Obama / Biden for their outstanding work bettering the lives of women.

During her first term as Mayor, Palin went on an intense firing spree by sacking, or requesting resumes and resignation letters from the chief of police, finance director, public works director, and librarian.

In October of 1996, Palin consulted the city librarian about censoring "objectionable" books. The librarian was shocked and responded that the books were selected "on the basis of national selection criteria of libraries this size" and would resist all efforts to ban or remove any books from the library. A few months later Emmons received a letter from Palin stating that she had been terminated from her job. Emmons was reinstated the next day after public outcry.

Long time Alaskan acquaintance described Sarah Palin as a malicious, conniving opportunist, a reckless spender, and power abuser. Initially Palin supported the 'bridge to nowhere' project and even wore t-shirts that supported the project. When she realized that the project was not supported by the public she decided to back off.

Palin is an avid pro-lifer. Teen pregnancies are a major dilemma facing the nation today. The government spent $1 billion in supporting abstinence-only sex education programs since 1996. In the case of Palin's daughter, such programs are failing us. Palin is comfortable with giving her own daughter a choice, but wants to take away that choice from the rest of the nation.

By picking a young, attractive and vivacious woman as his partner in crime, McCain hoped to pull in all the disappointed Clinton supporters. This was his crucial mistake, because Sarah Palin is the antithesis of Hillary Clinton. She stands against women rights and would reverse women's rights by fifty years. Women are not as gullible as McCain and his advisors had hoped that they would be. Just because McCain placed a young woman in front of the crowd does not mean women will automatically vote for her without any question. Women will soon realize that Sarah Palin is an anti-choice, homophobic, polar bear, wolf, moose, and deer killing machine.

Sarah Palin is incapable of writing a speech. The speech given by her at the Republican National Convention was written long before she was considered for McCain’s running mate by the computer. McCain had never heard of Palin until after the computer printed her name one day before his announcement.

The thought that Sarah Palin will do anything in the White House is unsettling, because she is a unhinged lunatic who will mess up and give the public the perception that women cannot be in power. Hillary Rodham Clinton and women throughout the country are very angry that Sarah “moose hunter” Palin is in such an important position. Four out of Sarah’s five best friends have committed to Barack Obama.


GOP REPUBLICANS ARE AUTHORITARIANS WHO DO NOT BELIEVE IN FREE SPEECH OR DEMOCRACY. GOP REPUBLICAN ONLY INTERESTS ARE POWER AND MONEY.


GOP REPUBLICAN WALL STREET SUPERCAPITALISM AT ITS WORST

Executive salaries, CEO bonuses, grand robberies of the U.S. TREASURY in the $MILLIONS, $BILLIONS, and $TRILLIONS.

GOP REPUBLICAN WALL STREET SUPERCAPITALISTS robbed the AMERICAN PEOPLE of a $Trillion. RULE OF LAW states that the AMERICAN PEOPLE will be protected and all private properties, money, and wealth domestic and abroad owned by GOP REPUBLICAN SUPERCAPITALISTS taking part in robbing the U.S. TREASURY (AMERICAN PEOPLE) will immediately be confiscated and returned to the U.S. TREASURY (AMERICAN PEOPLE).


PALIN FAILIN RETURNED HOME TO 2,000 ALASKAN PROTESTERS WHO CHEERFULLY CHANTED "O-BAM-AH.

Gov. Sarah Palin returned home to 2,000 protesters outside the Anchorage library who wanted to correct the widespread impression that the Last Frontier endorses her candidacy.

"Last week a group of women were sitting around talking about this perception that all of Alaska supports Sarah Palin. We apparently hit a nerve and started a movement,"

A sense of festival obtained. There was a woman in a polar bear suit representing "Polar Bear Moms Say: No Palin Failin." Drivers on 36th Avenue saw a little girl waving a sign "Don't Ban My Books."

"My mom is from Alaska. She's a working mother. She's good looking," said Nolan. "So she seems to be qualified to be vice president."

Asking Sarah Palin to become the Vice President is like asking the grazing moose behind her trailer to pilot the shuttle.

Sarah Palin Failin Protesters Held Signs Reading:

Bush In A Skirt
Palin Be Failin
Jesus Was a Community Organizer
Palin Failin: Thanks But No Thanks
Smearing Alaska's Good Name One Scandal @ a Time
Candidate To Nowhere
Rape Kits Should Be Free
Voted For Her Once: Never Again!
Community Organizers are the Real Patriots
Barbies for War
I Shall Not Be Pandered To
Give Palin Failin Your Vote AND Your Draft Age Child
Sarah Palin Failin: So Far Right She's Wrong
Alaska Is Not Frisco
Coat Hangers for McCain
Sarah Palin Failin, Undoing 150 Years of American Feminism
Hockey Mama for Obama (on a hockey stick)


Cheerful chants of "O-bam-ah.


National Organization of Women (NOW) Endorses Obama / Biden For Their Pro-Women Rights Stance


McCain / Palin Failin are rejected for their anti-women stance and votes against Women Rights

PRESIDENTIAL AND VICE PRESIDENTIAL CHOICES

I'm a little confused. Let me see if I have this straight.....

If you grow up in Hawaii, raised by your grandparents, you're 'exotic, different.'

Grow up in Alaska eating mooseburgers, and its a quintessential American story.

If your name is Barack you're a radical, unpatriotic Muslim.

Name your kids Willow, Trig and Track, you're a maverick.

Graduate from Harvard law School and you are unstable.

Attend 5 different small colleges before graduating, you're well grounded.

If you spend 3 years as a brilliant community organizer,
become President of the Harvard Law Review,
create a voter registration drive that registers 150,000 new voters,
spend 12 years as a Constitutional Law professor,
spend 8 years as a State Senator representing a district with over 750,000 people,
become chairman of the state Senate's Health and Human Services committee,
spend 4 years in the United States Senate representing a state of 13
million people while sponsoring 131 bills and serving on the Foreign
Affairs, Environment and Public Works and Veteran's Affairs committees,
you don't have any real leadership experience.

If your total resume is: local weather girl, 4 years
on the city council and 6 years as the mayor of a town with less
than 7,000 people, 20 months as the governor of a state with only 650,000
people, and cook caribou/grizzly/wolf stew, then you're qualified to become the country's second
highest ranking executive.

If you have been married to the same woman for 19 years while raising 2 beautiful daughters,
all within Protestant churches, you're not a real Christian.

If you cheated on your first wife with a rich heiress,
and left your disfigured wife and married the heiress the next month,
you're a Christian.

If you teach responsible, age appropriate sex education, including
the proper use of birth control, you are eroding the fiber of society.

If , while governor, you staunchly advocate abstinence only,
with no other option in sex education in your state's school system
while your unwed teen daughter ends up pregnant , you're very responsible.

If your wife is a Harvard graduate lawyer who gave up a position in a prestigious law firm
to work for the betterment of her inner city community, then gave that up to raise a family,
your family's values don't represent America's.

If you're husband is nicknamed 'First Dude', with at least one DWI conviction
and no college education, who didn't register to vote until age 25 and
once was a member of a group that advocated: the secession of Alaska from the USA,
your family is extremely admirable.

OK, much clearer now.


National Organization of Women (NOW) Endorses Obama / Biden For Their Pro-Women Rights Stance


McCain / Palin Failin are rejected for their anti-women stance and votes against Women Rights

BRITISH PRIME MINISTER BROWN SUPPORTS BARACK OBAMA

LONDON - BRITISH PRIME MINISTER GORDON BROWN voiced support for UNITED STATES DEMOCRATIC PRESIDENTIAL CANDIDATE BARACK OBAMA, saying he would help Americans struggling with an economic downturn.

In a move seen by some British media as a break with a political convention requiring foreign leaders to remain neutral ahead of US elections, BRITISH PRIME MINISTER BROWN praised MR. OBAMA as a fellow “progressive politician” who would help ordinary Americans in tough times. With eight weeks to go before the presidential election, MR. OBAMA and his Republican rival John McCain are neck-and-neck in domestic opinion polls.

BRITISH PRIME MINISTER BROWN described the race for the White House as “electrifying” and said: “It is the DEMOCRATS who are generating the ideas to help people through more difficult times.”

“To help prevent people from losing their home, BARACK OBAMA has proposed a Foreclosure Prevention Fund to increase emergency pre-foreclosure counselling, and help families facing repossession,” he wrote in an article in The Monitor magazine, a monthly political publication.


2008 UNITED STATES DEMOCRATIC PRESIDENTIAL RACE

DEMOCRAT HARVARD LAW VS. GOP REPUBLICAN D STUDENTS

OBAMA OF HARVARD LAW AND PRESIDENT OF HARVARD LAW REVIEW
BIDEN OF SYRACUSE LAW

MCCAIN OF NAVY ACADEMY LAST PLACE D STUDENT
PALIN FAILIN OF MOOSE COLLEGE

GOP Republican Wall Street SRO (Self Regulatory Organization) Robber Baron Supercapitalism Is Down And Will No Longer Rob the U.S. TREASURY and AMERICAN PEOPLE

STOP DESTRUCTIVE GOP REPUBLICAN WALL STREET SUPERCAPITALISM OIL SPECUALTARS (OIL MILLIONAIRES BUSH, CHENEY, RICE, MCCAIN, PALIN FAILIN)

NATIONALIZE U.S. OIL FOR NATIONAL DEFENSE
NATIONALIZE U.S. OIL FOR NATIONAL DEFENSE
NATIONALIZE U.S. OIL FOR NATIONAL DEFENSE

WHY A BARREL OF OIL ILLEGALLY SHOT UP FROM $24 TO $145 DURING THE GOP REPUBLICAN (MCCAIN, BUSH, CHENEY, RICE, PALIN FAILIN) ADMINISTRATION


GOP REPUBLICAN BUSH I OOOOOIIIIILLLLL MILLIONAIRE AND OIL EXECUTIVE
GOP REPUBLICAN BUSH II OOOOOIIIIILLLLL MILLIONAIRE AND OIL EXECUTIVE
GOP REPUBLICAN CHENEY OOOOOIIIIILLLLL MILLIONAIRE AND OIL EXECUTIVE
GOP REPUBLICAN RICE OOOOOIIIIILLLLL MILLIONAIRE AND OIL EXECUTIVE
GOP REPUBLICAN GUILIANI OOOOOIIIIILLLLL MILLIONAIRE AND OIL STOCKHOLDER
GOP REPUBLICAN MCCAIN OOOOOIIIIILLLLL MILLIONAIRE AND OIL STOCKHOLDER
GOP REPUBLICAN PALIN FAILIN OOOOOIIIIILLLLL COMMISSIONER AND OIL STOCKHOLDER


TOGETHER WHAT DO THEY ALL HAVE IN COMMON?

THEY ARE ALL GOP REPUBLICAN OOOOOIIIIILLLLL MILLIONAIRES AND OIL STOCKHOLDERS


GOP REPUBLICAN OOOOOIIIIIIIIILLLLLLLLLLL IS THE NEW CRACK
GOP REPUBLICAN OOOOOIIIIIIIIILLLLLLLLLLL IS THE NEW CRACK
GOP REPUBLICAN OOOOOIIIIIIIIILLLLLLLLLLL IS THE NEW CRACK


CAN YOU SAY GOP REPUBLICAN CONSPIRACY TO DEFRAUD THE AMERICAN PUBLIC, ROB OUR U.S. TREASURY, AND SPECULATE FOR OBSCENELY HIGH PROFIT RETURNS ON WALL STREET OIL STOCKS

WAKE UP AMERICA, BECAUCE THE WORLD ALREADY KNOWS ABOUT THE CRIMINAL GOP REPUBLICAN PARTY OF CONSPIRATORS

NATIONALIZE U.S. OIL FOR NATIONAL DEFENSE AS A VITAL RESOURCE

AMERICA AND AMERICANS FIRST

NO MORE GOP REPUBLICAN WALL STREET OOOOOIIIIILLLLL SPECULATION AND FRAUD AGAINST THE AMERICAN PEOPLE

IF YOU SAY THAT YOU LOVE AMERICA, THEN PROVE IT AND STOP THE GOP REPUBLICAN RAIDERS UPON OUR U.S. TREASURY AND OUTSOURCING OF U.S. JOBS


GOP Republican Wall Street Get Rich Quick By Robbing America TREASURY Wild Speculators Created The Enormous National Debt, So Make Them Pay For It And Balance Our Budget.
GOP Republican Wall Street Supercapitalism Speculators Have Committed Treason Against Our Country.

HILLARY RODHAM CLINTON ANGERED BY SARAH PALIN FAILIN’S REMARKS

Will the GOP Republican get rich by selling America party take credit for any of their disasters? GOP Republicans are successful at failing and hurting OUR COUNTRY in the eyes of the WORLD. Can we really afford to ignore what the ENTIRE WORLD THINKS OF US?


How does the WORLD perceive AMERICA led by Barack Obama? Extremely favorable.

How does the WORLD perceive AMERICA led by John McCain? Extremely negative.

FOUR MORE YEARS ANYONE?

Eventually, Americans will realize that doing the same thing (electing GOP Republicans) will not yield different results (stock market disasters, economic disasters, world view disasters, failed foreign policy disasters, failed domestic policies disasters).

Spraying perfume on a new GOP Republican Pig will not create a bright and shiny candidate. Garbage in equal garbage out. GOP Republican garbage in yield (stock market, economic, foreign relations, domestic policies) garbage out.

McCain has perpetually been a failure from school until now.
Palin Failin has perpetually been a failure (with a hillbilly hockey mom accent) from day one until now. Her bear hunting Arctic outback kids prove it.

Do you really need someone to tell you these basic facts? Under the Freedom of Information Act, all of this information is available free if you choose to type in the questions.

Lets prove to the Europeans and the World that we are not stupid, because they think that we are after two terms of Forrest Gump Bush.

D Student Crash Every Plane McCain and Hillbilly Trailer Palin Failin are not reflective of the AMERICAN PEOPLE.

If Palin Failin had a brain, then she would have considered the immense responsibilities demanded of the Office of the United States Vice President or President; and politely declined McCain’s crack induced invitation. GOP Republican Party is a joke.

If FOX NEWS does not clean up it’s filthy RACIST acts of discrimination, then American and European audiences will B O Y C O T T FOX RACIST NEWS.


GOP Republican Wall Street Get Rich Quick By Robbing America TREASURY Wild Speculators Created The Enormous National Debt, So Make Them Pay For It And Balance Our Budget.
GOP Republican Wall Street Supercapitalism Speculators Have Committed Treason Against Our Country.


REPORT SAYS GOP REPUBLICAN OIL AGENCY RAN AMOK

INVESTIGATION OF GOP REPUBLICAN OFFICE OF MANAGEMENT AND BUDGET

INVESTIGATION OF GOP REPUBLICAN MINERALS MANAGEMENT SERVICE OIL MARKETING GROUP


GOP REPUBLICAN Government officials in charge of collecting BILLIONS of dollars worth of royalties from OIL and gas companies accepted gifts, steered contracts to favored clients and engaged in drug use and illicit sex with employees of the energy firms, federal investigators reported.

Investigators from the Interior Department's inspector general's office said more than a dozen employees, including the former director of the OIL royalty program, took meals, ski trips, sports tickets and golf outings from industry representatives. The report alleges that the former director, also netted more than $30,000 from improper outside work.

The report from Inspector General contains fresh allegations about the practices at the beleaguered royalty-in-kind program of Interior's Minerals Management Service, which last year collected more than $4 billion worth of OIL and natural gas from companies given contracts to tap energy on federal and Indian lands and offshore. The revelations come as Congress is set to consider opening the Arctic National Wildlife Refuge and areas off the coast of Florida for drilling.

The royalty-in-kind program, based near Denver, allows energy companies to pay the government in OIL and gas, rather than cash, for the privilege of drilling on government land. It has been the subject of multiple investigations since 2006 by the Interior Department's secretary, its inspector general, the Justice Department and Congress for alleged mismanagement and conflicts of interest.

In the report released yesterday, investigators said they "discovered a culture of substance abuse and promiscuity" in which employees accepted gratuities "with prodigious frequency." The report cited one e-mail from a Shell Pipeline representative asking a woman in the royalty office to attend "tailgating festivities" at a Houston Texans football game: "You're invited . . . have you and the girls meet at my place at 6am for bubble baths and final prep."

Besides Shell, the energy company employees mentioned in the report worked for Chevron, Hess and Gary-Williams Energy. The social outings detailed in the report included alcohol-, cocaine- and marijuana-filled parties where certain employees of the Minerals Management Service were nicknamed the "MMS Chicks" by the energy employees. The companies paid for federal workers to attend football and baseball games, PGA Tour events, Colorado ski trips, paintball outings and "treasure hunts," investigators found.

"The OIL INDUSTRY holds shocking sway over the ADMINISTRATION and even KEY FEDERAL EMPLOYEES,". "This is why we must not allow BIG OIL'S AGENDA to be jammed through CONGRESS."

The current director of the Minerals Management Service, said that he takes the report "very seriously".
Employees identified in the report told investigators that they didn't think ethics rules applied to them because of their "unique" role in the agency and that they needed to socialize with industry representatives for "market intelligence," according to the report. Those employees, some of whom have been transferred to different offices, have been recommended for internal administrative action.

The inspector general's release comprised three separate reports, including one devoted to the program's director. It alleges that Smith improperly worked part time for Geomatrix Consultants, an Oakland, Calif.-based environmental and engineering firm, and marketed the company to government clients.

Additionally, the report said that the director had an inappropriate sexual relationship with a subordinate whom he paid to buy cocaine, promising her a bonus in return. The director admitted to the sexual encounter.

The director, who now works for a private OIL company in Denver, did not respond to requests for comment. Investigators referred their findings to federal prosecutors.

Justice officials also declined to comment on their decision about the criminal case against the highest-ranking official named in the report director of the Minerals Management Service, who worked in Washington. She is accused of improperly arranging a million-dollar deal for two retired employees.

The wife of the procurement policy administrator for the WHITE HOUSE OFFICE OF MANAGEMENT AND BUDGET, retired from government service Jan. 31. She declined to comment on the report. She told investigators she had a "personal issue. The Justice Department's decision to charge created a rift with Interior officials.

One of the two retired employees pleaded guilty in July to a federal conflict-of-interest charge related to the investigation. Another employee has been under investigation for similar conflict-of-interest allegations.

Before he left, Mayberry created a job for himself by writing the job description and the criteria for selecting the winning bidder, court documents show. He started a company out of his Texas home and was awarded a $150,000 contract in June 2003. He later hired Dial, the report said. Mayberry's firm collected $788,000 worth of contracts.

The royalty-in-kind program, which started as a small pilot project a decade ago, has been touted as a way to simplify the way OIL AND GAS COMPANIES pay for the right to drill on federal land and offshore. Instead of calculating the profit from a well, they can simply give the government one-eighth to one-sixth of whatever they take from the ground.

Revenue rose quickly, from $1.5 billion in 2004 to $4.3 billion last fiscal year. But the growth occurred "in an environment with relatively unstructured in-house oversight," the congressionally convened Royalty Policy Committee said in a December report. Previous reports have said that companies were allowed to revise their million-dollar bids for projects indiscriminately, that government workers routinely failed to seek out legal advice on complicated deals and that the agency used outdated computers and a $150 million software program that resulted in royalty money going uncollected.

A lawyer who represented states and tribes entitled to a cut of the royalties, said it was nearly impossible to get accurate numbers from the agency. "They kept hemming and hawing," she said.

In late 2006 questions arose over its handling of leases written in 1998 and 1999 that allowed major OIL companies drilling in the Gulf of Mexico to avoid BILLIONS of dollars in royalty payments.

Former Interior Department auditors accused the agency of failing to bill companies. "We weren't allowed to audit them. It was disturbing," said an auditor who sued the federal government for not collecting royalties. "You couldn't see what was going on."

The minerals agency director said that the harm done by the royalty employees was to public trust and TREASURY, and acknowledged that financial considerations were given to firms that gave favors to federal employees, and he said the contracts will be audited.


Do you really question the motives of GOP Republicans Criminals? America must Immediately Nationalize U.S. OIL and Gas For National Defense.


DEMOCRAT HARVARD LAW VS. GOP REPUBLICAN CRASH JET AND MUDVILLE

U.S. Presidents From Harvard Law
John Adams
John Quincy Adams
Rutherford Hayes
Theodore Roosevelt
Franklin Roosevelt
John Kennedy
Barack Obama

President and Harvard Law Scholar Barack Obama Contrast With D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain


Growing Up

D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain was privileged, given everything by both parents, and worked for nothing.


Irish-American and Harvard Law Scholar Barack Obama grew up poor, raised by his Irish-American single white mother and Irish-American white working class maternal grand parents. Irish-American and Harvard Law Scholar Barack Obama was given nothing and worked for everything.

Education

D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain was a D student and graduated last in his class. D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain and McBush Wall Street OOIIILLLL Millionaire share failed academic records. He partied constantly and dependent on favor handouts from his high ranking father and grandfather. D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain earned nothing on his own similar to McBush Wall Street OOIIILLLL Millionaire. D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain is also Internet illiterate which slows down his information processing capacity. Is this good for the country?


Irish-American and Harvard Law Scholar Barack Obama worked hard and became PRESIDENT OF THE HARVARD LAW REVIEW. Everything that Irish-American and Harvard Law Scholar Barack Obama accomplished he did on his own. Irish-American Barack Obama’s HARVARD Scholarship ranks among the best. Irish-American and Harvard Law Scholar Barack Obama’s hard work represents the American Dream.


Community Service

D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain poor studies translated into poor performances in the military where he crashed several planes and recklessly endangered the lives of others. D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain was never trusted by his colleagues nor loved by his peers. The highlight of D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain’s career was getting shot down and becoming a prisoner. D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain served his country by getting handouts from his guards. Getting handouts seems to be D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain’s modem of operations. WillObscenelyRich Crash Every Plane McCain, who finished 894th out of 899 at the Naval Academy and who lost five jets, return competence to the White House? To lose one plane over Vietnam may be a heroic tragedy; to lose five planes here and there is carelessness.

Irish-American Barack Obama turned down large profits after graduating from HARVARD LAW to serve the community in Chicago where help was needed most. The community learned to trust and love Irish-American and Harvard Law Scholar Barack Obama for his dedication to public service.


Marriage

D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain walked out on his family to chase a younger woman who was on drugs, embezzling money from her company, stealing, and facing criminal charges, until her privileged family saved her from trial. D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain’s dysfunctional family represents chaos and lack of respect when he curses her in public.


Irish-American and Harvard Law Scholar Barack Obama married an intelligent IVY LEAGUE attorney and adores his beautiful young daughters. Irish-American and Harvard Law Scholar Barack Obama’s First Family represents what America is striving for. Irish-American and Harvard Law Scholar Barack Obama has always been surrounded by and still maintains a great respect for women (Irish mother, Irish grandmother, sister, wife, and two daughters). If anyone is in tune with and favors the betterment of working American women, then it’s Irish-American and Harvard Law Scholar Barack Obama.

International Diplomacy

The World wants no more chaotic McBush Wall Street OOIIILLLL Millionaire-D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain.


The World loves Irish-American and Harvard Law Scholar Barack Obama and will follow America’s leadership behind Irish-American and Harvard Law Scholar Barack Obama.

If D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain had to make another emergency landing on a deserted island with Irish-American and Harvard Law Scholar Barack Obama onboard as one of the passengers, then it is safe to say that D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain would assume the role of Gilligan, while Irish-American and Harvard Law Scholar Barack Obama would assume the role of the professor.

Hillary Clinton Will Destroy Sarah Palin Failin From Mooseville College.


Navy pilot John Sidney D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain III should have never been allowed to graduate from the U.S. Navy flight school. He was a below average student and a lousy pilot. Had his father and grandfather not been famous four star U.S. Navy admirals, D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain III would have never been allowed in the cockpit of a military aircraft.

His father John S. "Junior" McCain was commander of U.S. forces in Europe later becoming commander of American forces in Vietnam while D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain III was being held prisoner of war. D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain III's grandfather John S. McCain, Sr. commanded naval aviation at the Battle of Okinawa in 1945.

During his relative short stunt on flight status, D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain III lost five U.S. Navy aircraft, four in accidents and one in combat.

D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain III lost jet number one in 1958 when he plunged into Corpus Christi Bay while practicing landings. He was knocked unconscious by the impact coming to as the plane settled to the bottom.

D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain's second crash occurred while he was deployed in the Mediterranean. Flying too low over the Iberian Peninsula, he took out some power lines which led to a spate of newspaper stories in which he was predictably identified as the son of an admiral."

D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain's third crash three occurred when he was returning from flying a Navy trainer solo to Philadelphia for an Army-Navy football game.

D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain's fourth aircraft loss occurred July 29, 1967, soon after he was assigned to the USS Forrestal as an A-4 Skyhawk pilot. While seated in the cockpit of his aircraft waiting his turn for takeoff, an accidently fired rocket slammed into D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain's plane. He escaped from the burning aircraft, but the explosions that followed killed 134 sailors, destroyed at least 20 aircraft, and threatened to sink the ship.

D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain's fifth loss happened during his 23rd mission over North Vietnam on Oct. 26, 1967, when D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain's A-4 Skyhawk was shot down by a surface-to-air missile. D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain ejected from the plane breaking both arms and a leg in the process and subsequently parachuted into Truc Bach Lake near Hanoi.

"Demands for military information were accompanied by threats to terminate my medical treatment if I [D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain] did not cooperate. Eventually, I gave them my ship's name and squadron number, and confirmed that my target had been the power plant."

When the communist learned that D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain's father was Admiral John S. McCain, Jr., the soon-to-be commander of all U.S. Forces in the Pacific, he was rushed to Gai Lam military hospital.

The communist Vietnamese figured, because POW D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain's father was of such high military rank, that he was of royalty or the governing circle. Thereafter the communist bragged that they had captured "the crown prince."

For 23 combat missions (an estimated 20 hours over enemy territory), the U.S. Navy awarded D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain a Silver Star, a Legion of Merit for Valor, a Distinguished Flying Cross, three Bronze Stars, two Commendation medals plus two Purple Hearts and a dozen service medals.

D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain had roughly 20 hours in combat. Since D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain got 28 medals, that equals out to a medal-and-a-half for each hour he spent in combat. There were infantry guys -- grunts on the ground -- who had more than 7,000 hours in combat where I'm sure a prison cell would have looked pretty good to them by comparison. The question really is how many guys got that number of medals for not being shot down.

D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain has been an unchecked master at manipulating an overly friendly and biased news media. The former POW turned Congressman, turned U.S. Senator, has managed to gloss over his failures as a pilot and collaborations with the enemy by exaggerating his military service and lying about his feats of heroism.

D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain has sprouted a halo and wings to become America's POW-hero presidential candidate.

Former naval officer and the owner of an OOIIILLLL-trading company that inked defense contracts worth $1 billion is the modern presidential money man. The law forbids high-level supporters from writing huge checks, but with help from friends in the Middle East D Student Obscenely Rich Wall Street OOIIILLLL Millionaire Crash Every Plane McCain is receiving large donations.

If FOX NEWS does not clean up it’s filthy RACIST acts of discrimination, then American and European audiences will B O Y C O T T FOX RACIST NEWS.

Barak Obama proved why November's presidential election will end in a 50-state sweep. John Crash Every Plane McCain has no chance. It's like George Bush climbing into the ring with Mike Tyson; one thundering left hook and the Crawford Caligula would be sprawled across the canvas. "No mas"! The same fate awaits the crabby senator from Arizona. The polls are skewed to look like there's a political horse-race going on. There isn't. It's a complete rout. There's one well-toned thoroughbred striding from venue to venue electrifying the ever-increasing throngs, and one doddering, old mare limping towards the glue-factory. Someone should put a stop to it before Crash Every Plane McCain gets hurt.

At the Victory Column in Berlin's Tiergarten, Obama extracted Old Glory from the burn-pile and gave Brand America a desperately needed shot of adrenaline. 200,000 ecstatic Germans jammed the streets in what turned out to be the political shindig of the year. Many of them were waving American flags and chanting, "Obama, Obama, Obama". It was like Jack Kennedy had risen from his moldy sepulcher and made his way across the pond for one last rousing ovation. Obama has the very same affect on crowds. Its a gift and he knows how to use it to great advantage.

"People of Berlin, people of the world, this is our moment, this is our time," Obama boomed. "I know my country has not perfected itself, we've made our share of mistakes and there are times when our actions around the world have not lived up to our best intentions. But the greatest danger of all is to allow new walls to divide us from one another."

What can we say about Obama's oratory skills that hasn't already been said? He is one of those unique characters who knows how to tap into the collective psyche and put them under his spell. He is the closest thing to a Pied Piper we've seen in the last half century. Whatever one thinks of his politics, his speeches are a welcome reprieve from the simian blabbering of President Dimwit.

"I speak to you not as a candidate for president, but as a citizen; a proud citizen of the United States and a fellow citizen of the world." (Roaring applause)

JOHN Crash Every Plane McCain: Maverick or Freak?
Have you taken a look at the crowds at a Crash Every Plane McCain event. Usually, there aren't any. Typically, there are more journalists and cameramen then people; and even they look bored. It's the truth. He generates no enthusiasm at all. None. He may be the most uninspiring, tedious, pure-vanilla candidate of all time; a complete dud. I challenge anyone to recite from memory anything John Crash Every Plane McCain has ever said in his 40 years in office. Time's up! When Crash Every Plane McCain begins to talk, its a signal for women to pull out the nail-files and for men to figure out how they're going to get out of cutting the lawn this week. Really. No one listens.

And the people that do manage to drag themselves to his speeches out of a sense of obligation are (you guessed it) scowling white guys with baseball caps pulled tightly over their ears or nearly-ambulatory Korea-era Vets who think the United Nations is a communist front-group that's planning to air-drop blue-helmets into Duluth to take over the United States. Tin-foil hats anyone?

Popularity and charisma, how does one survive in politics with neither. That's the question, and it may be the biggest mystery of Crash Every Plane McCain's candidacy. He's just not a likable guy. No one ever talks about hanging out and having a beer with John Crash Every Plane McCain, because they know that he might go "Jackie Chan" and start busting the place up. And he's utterly impossible to listen to. His high-pitched squeaky voice is about two octaves higher than a dog-whistle and twice as annoying. So how is he going to beat Obama. It's a total mismatch.

Crash Every Plane McCain is the perfect candidate for the GOP Republic party that has completely collapsed. He's like the "Jolly Roger" on the front of an iodine bottle; Brand X. In 2000, the Republican Party boasted it was the "party of ideas". What ideas? The Republican Party has never had ideas because the corporate mandarins and blue-blooded kleptocrats that run the party are suspicious of ideas, ideology, doctrine, philosophy or anything else that veers from their primary objectives of crushing the poor, despoiling the environment, carpet-bombing brown people wherever they may be, and enriching themselves. That's all they care about. The task of the right-wing think-tanks is to treat "war and tax cuts" like they're ideas. They're not. But war and tax cuts ARE the two foundation blocks of the Republican Party. There's nothing else; there never has been. Don't look for ideas; there aren't any. GOP Republican get rich quick by defrauding the AMERICAN PEOPLE, robbing the National TREASURY, sending American jobs overseas, and raising the national debt.

Hold Bush, Cheney, Rice, and Crash Every Plane McCain accountable for the crimes they've committed during their time in office.

Obama is not a candidate; he's a phenomenon. Obama is an explosive, vital, charismatic politician. When he speaks people feel better about themselves and their country. And, they're more hopeful about the future, too. That's what makes him unbeatable.

Crash Every Plane McCain, on the other hand, is the perfect embodiment of his party; a rusty, broken-down hulk that's been stripped of its engine, its fenders and all its moving parts. Even the steering wheel is gone. It's a dead-loss; nothing is salvageable.

Crash Every Plane McCain is in way over his head. This election is going to be a real embarrassment for him. It's too bad. He should be back at the Phoenix Rest Home shooing kids off the front lawn instead of waiting for the ax to fall in November. It's a rotten way to end a career.


GOP Republican Wall Street SRO (Self Regulatory Organization) Robber Baron Supercapitalism Is Down And Will No Longer Rob the U.S. TREASURY and AMERICAN PEOPLE


GOP REPUBLICAN PLANE/TRAILER WRECK MCCAIN/PALIN FAILIN

With Wall Street OOOIIIIILLLLLL stocks paid under the table to Sarah Palin Failin OOOOIIIIILLLLLL Commissioner from OOOOOIIIIIILLLLLLL Millionaires Crash Every Plane McCain, Bush, Cheney, Rice and Guiliani; it appears that Sarah Palin Failin OOOOIIIIILLLLLL Commissioner, her large family, dogs, cats, chickens, and hogs can now move out of their trailer. Guiliani went from GOP front runner to anonymous polygamist. Guiliani is the biggest joke and shares home dysfunction with Bush, Cheney, Rice, Crash Every Plane McCain and now Sarah trailer Palin Failin OOOOIIIIILLLLLL Commissioner. OOOOIIIIILLLLLLL MILLIONS stolen from Our TREASURY did not help their dysfunctional families.

GOP Republican Wall Street Get Rich by robbing the American TREASURY and outsourcing American jobs party has officially been dissolved. Plane wreck McCrash and Train wreck Trailer Palin Failin OOOOIIIIILLLLLL Commissioners have destroyed the already dysfunctional GOP Republican Party of Corporate Welfare Thieves.

Democrats and Independents are the official parties. Blessings to America and the World for peaceful cooperation and the elimination of unjust wars for GOP profits. The People First Party has arrived and Rich Wall Street millionaires will no longer use the AMERICAN PEOPLE as their cattle. Americans today are all free independent Democratic People in pursuit of happiness in the spirit of cooperation.

“We joined up with an altruistic vision of promoting freedom and justice around the world,” said Vince Emanuel, a Marine lance corporal who did a tour of duty in Iraq from August 2004 to April 2005, explaining why he was marching and protesting the GOP Republican Convention.

“Except we saw the killing of innocent people and the destruction of property ... for a lot of us it was very disenfranchising."

The veterans group tried to hand a message to the campaign of GOP Republican John Crash Every Plane McCain calling for a withdrawal from Iraq, reparations for the Iraqi people, and full medical benefits for veterans. No one from John Crash Every Plane McCain’s campaign received them.


If FOX NEWS does not clean up it’s filthy RACIST acts of discrimination, then American and European audiences will B O Y C O T T FOX RACIST NEWS.


GOP Republican Wall Street SRO (Self Regulatory Organization) Robber Baron Supercapitalism Is Down And Will No Longer Rob the U.S. TREASURY and AMERICAN PEOPLE

Prerequisite for the United Stats President and Vice President is advance degrees, especially in Constitutional Law. D student McCain and hillbilly Palin Failin are excluded from the highest offices in the World. The debates will be fun: Harvard Law vs. Crash Jet and Mudville.

GOP Republican Wall Street Get Rich Quick By Robbing America TREASURY Wild Speculators Created The Enormous National Debt, So Make Them Pay For It And Balance Our Budget.
GOP Republican Wall Street Supercapitalism Speculators Have Committed Treason Against Our Country.


What has WALL STREET SUPER-CAPITALISM brought you besides:

Cluttered homes full of useless crap

Semi-illiterate teenage sons on alcohol and drugs

Semi-illiterate teenage daughters on drugs and having unwanted babies

Divorce rates off the chart

Depress people living alone and addicted church on TV or pornography

Guns deregulation freeing children to murder each other in school and after school

Prime time (dinner hour) soft pornography for the kids to mimic

Daughters dressing like prostitute

Sons dressing like the homeless

GREED GREED GREED steal money from your neighbors through wild WALL STREET speculations

SELL SELL SELL BUY BUY BUY (It is all enslaving crap)

Super Rich becomes more Super Rich, while the middle class becomes poor

College graduates cannot afford a small home and must live in their parents’ basements

Clinton left the United States with a surplus

GOP Republicans have stolen all of the Treasury surplus plus another $Trillion. Let the trials and confiscation (America versus GOP Republican Criminals) begin

The American People will prevail over Super Rich Greedy Lawless GOP Republicans


HILLARY RODHAM CLINTON ANGERED BY SARAH PALIN FAILIN’S REMARKS

Posted by: dwashington1 | September 29, 2008 4:52 PM | Report abuse

Anybody check their retirement portfolios yet? You're losing money due to today's House vote.

Posted by: Fedworker | September 29, 2008 4:52 PM | Report abuse

The only thing in worse crisis than our economy is our representatives. Our economy will recover, but the Washington mentality may be beyond repair. Citizens are tired of listening to promises that end up in the pockets of the wealthiest Americans.

What they don't seem to realize is that our trust in our representatives is lower than the stock market right now.

Posted by: steveeyes | September 29, 2008 4:51 PM | Report abuse

Anybody check their retirement portfolios yet? You're losing money due to today's House vote.

Posted by: Fedworker | September 29, 2008 4:51 PM | Report abuse

If by polling, you mean the phone calls and emails and faxes that my Rep got from me personally, then yes, the house members voted as the people that the represent wanted. That is to say, NO.

Maybe Obama should have made the rounds to the House Democrats and ensure all were on board. McCain managed to get 65 Republicans to vote Yea, for what basically amount to the government buying and owning the economy of America. Which is completely un-Republican. Do not fault him for not getting more votes. If anything fault him for not crossing party lines to ensure that the Democrats, too, were all on board. If Obama did not have the leadership to ensure the majority party could get a majority of the votes, what good is he?

Posted by: gmcc | September 29, 2008 4:51 PM | Report abuse

". . . .This bill failed because Barack Obama and the Democrats put politics ahead of country."

Will the American public buy it?

One word: NO.

Posted by: robinlandseadel | September 29, 2008 4:49 PM | Report abuse

Senator McCain is losing and he'll do anything and say anything to win. They are masters of spin.

All of us have become educated with this new world of spin and it's becoming less effective. Furthermore, this blame casting is counterproductive to bipartisonship and it is easily seen. With so many more democrats voting for the bill than republicans, it is hard to blame democrats for not making this happen. This is Bush and Paulson's strategy although modified by bipartisons. The democrats have gone a long way to make this happen without bolting. It is darkly ironic and disturbing for democrats to help republicans to create a $700B buy-out bill to solve a finanical crisis created by the same Republicans.

Senator McCain should be very careful because emotions are high and this can explode into an all out partison war in public.

Posted by: lucy2008 | September 29, 2008 4:48 PM | Report abuse

". . . .This bill failed because Barack Obama and the Democrats put politics ahead of country."

Will the American public buy it?

One word: NO.

Posted by: robinlandseadel | September 29, 2008 4:48 PM | Report abuse

I find it amazing that all the discussion of this problem is focused on the aftermath with nothing dealing with the cause except the vagaries of vacuous insults hurled at the "Bush Administration".

I think the bigger issue that MUST be brought to light is the fact that the left rejected an opportunity to control the secondary subprime market more than 3 years ago when Republicans (McCain being a cosponsor) first proposed S.190.
Instead of providing effective oversight as s.190 would have, the Democrats stuffed their pockets full of "campaign contributions" from the Freddie Mac and Fannie Mae fan club. Dodd along took $165K while Obama sucked up more than $120K (it is worth noting Obama's amount is 5 times what McCain has accepted in 20+ years).

While no executive should receive anything more than minimum wage for their participation in this scam; it is the Democrats that should have to face a judge as well.

Posted by: Bcamp55 | September 29, 2008 4:47 PM | Report abuse

Senator McCain is losing and he'll do anything and say anything to win. They are masters of spin.

All of us have become educated with this new world of spin and it's becoming less effective. Furthermore, this blame casting is counterproductive to bipartisonship and it is easily seen. With so many more democrats voting for the bill than republicans, it is hard to blame democrats for not making this happen. This is Bush and Paulson's strategy although modified by bipartisons. The democrats have gone a long way to make this happen without bolting. It is darkly ironic and disturbing for democrats to help republicans to create a $700B buy-out bill to solve a finanical crisis created by the same Republicans.

Senator McCain should be very careful because emotions are high and this can explode into an all out partison war in public.

Posted by: lucy2008 | September 29, 2008 4:47 PM | Report abuse

--"They should fade to the background with their hack, divisive rhetoric.

Posted by: AsperGirl "--

The pot calling the kettle black?

Posted by: DonJasper | September 29, 2008 4:46 PM | Report abuse

Hey bush, leave a piece of the country left for us joes that gotta live in it. This scorched earth policy gotta go

Posted by: ritexcorp | September 29, 2008 4:44 PM | Report abuse

Senator McCain is losing and he'll do anything and say anything to win. They are masters of spin.

All of us have become educated with this new world of spin and it's becoming less effective. Furthermore, this blame casting is counterproductive to bipartisonship and it is easily seen. With so many more democrats voting for the bill than republicans, it is hard to blame democrats for not making this happen. This is Bush and Paulson's strategy although modified by bipartisons. The democrats have gone a long way to make this happen without bolting. It is darkly ironic and disturbing for democrats to help republicans to create a $700B buy-out bill to solve a finanical crisis created by the same Republicans.

Senator McCain should be very careful because emotions are high and this can explode into an all out partison war in public.

Posted by: lucy2008 | September 29, 2008 4:44 PM | Report abuse

The text of Nancy Pelosi's outrageously partisan speech urging passage of the bailout bill by attacking Republican "policies", posturing the economic problems as a failure of Republican ideas and invoking the upcoming election as an opportunity to change direction.

(I'm not surprised if Republicans agonizing on the fence got down and walked away after hearing her outrageous speech).

“Madam Speaker, when was the last time someone asked you for $700 billion?

“It is a number that is staggering, but tells us only the costs of the Bush Administration’s failed economic policies—policies built on budgetary recklessness, on an anything goes mentality, with no regulation, no supervision, and no discipline in the system.

“Democrats believe in the free market, which can and does create jobs, wealth, and capital, but left to its own devices it has created chaos.

“That chaos is the dismal picture painted by Treasury Secretary Paulson and Federal Reserve Chairman Bernanke a week and a half ago in the Capitol. As they pointed out, we confront a crisis of historic magnitude that has the ability to do serious injury not simply to our economy, but to the American people: not just to Wall Street, but to everyday Americans on Main Street.

“It is our responsibility today, to help avert that catastrophic outcome.

“Let us be clear: This is a crisis caused on Wall Street. But it is a crisis that reaches to Main Street in every city and town of the United States.

“It is a crisis that freezes credit, causes families to lose their homes, cripples small businesses, and makes it harder to find jobs.

“It is a crisis that never had to happen. It is now the duty of every Member of this body to recognize that the failure to act responsibly, with full protections for the American taxpayer, would compound the damage already done to the financial security of millions of American families.

“Over the past several days, we have worked with our Republican colleagues to fashion an alternative to the original plan of the Bush Administration.

“I must recognize the outstanding leadership provided by Chairman Barney Frank, whose enormous intellectual and strategic abilities have never before been so urgently needed, or so widely admired.

“I also want to recognize Rahm Emanuel, who combined his deep knowledge of financial institutions with his pragmatic policy experience, to resolve key disagreements.

“Secretary Paulson deserves credit for working day and night to help reach an agreement and for his flexibility in negotiating changes to his original proposal.

“Democrats insisted that legislation responding to this crisis must protect the American people and Main Street from the meltdown on Wall Street.

“The American people did not decide to dangerously weaken our regulatory and oversight policies. They did not make unwise and risky financial deals. They did not jeopardize the economic security of the nation. And they must not pay the cost of this emergency recovery and stabilization bill.

“So we insisted that this bill contain several key provisions:

“This legislation must contain independent and ongoing oversight to ensure that the recovery program is managed with full transparency and strict accountability.

“The legislation must do everything possible to allow as many people to stay in their homes rather than face foreclosure.

“The corporate CEOs whose companies will benefit from the public’s participation in this recovery must not benefit by exorbitant salaries and golden parachute retirement bonuses.

“Our message to Wall Street is this: the party is over. The era of golden parachutes for high-flying Wall Street operators is over. No longer will the U.S. taxpayer bailout the recklessness of Wall Street.

“The taxpayers who bear the risk in this recovery must share in the upside as the economy recovers.

“And should this program not pay for itself, the financial institutions that benefited, not the taxpayers, must bear responsibility for making up the difference.

“These were the Democratic demands to safeguard the American taxpayer, to help the economy recover, and to impose tough accountability as a central component of this recovery effort.

“This legislation is not the end of congressional activity on this crisis. Over the course of the next few weeks, we will continue to hold investigative and oversight hearings to find out how the crisis developed, where mistakes were made, and how the recovery must be managed to protect the middle class and the American taxpayer.

“With passage of this legislation today, we can begin the difficult job of turning our economy around, of helping those who depend on a growing economy and stable financial institutions for a secure retirement, for the education of their children, for jobs and small business credit.

“Today we must act for those Americans, for Main Street, and we must act now, with the bipartisan spirit of cooperation which allowed us to fashion this legislation.

“This not enough. We are also working to restore our nation’s economic strength by passing a new economic recovery stimulus package—a robust, job creating bill—that will help Americans struggling with high prices, get our economy back on track, and renew the American Dream.

“Today, we will act to avert this crisis, but informed by our experience of the past eight years with the failed economic leadership that has left us left capable of meeting the challenges of the future.

“We choose a different path. In the new year, with a new Congress and a new president, we will break free with a failed past and take America in a New Direction to a better future.”

Posted by: AsperGirl | September 29, 2008 4:44 PM | Report abuse

The economic mess is the result of the Bush administration's malfeasance in all areas. Bush and Cheney should have been impeached ages ago. McCain has been a cheerleader for Bush all along.

We are in a terrible situation, and the GOP will blame the Democrats, and McCain will say that he'll save the nation -- a bunch of heifer dust if there ever was any. (A heifer is a cow, by the way, and the dust is what comes from the heifer -- and it ain't milk!)

We need a real change in Washington -- not the same old fat cats in charge -- people like McCain (who doesn't even know how many homes he owns and whose wife is so rich it doesn't matter to him no matter what happens) who he beats his chest claiming he cares about the average American.

McCain-Palin -- what a joke!!!

Unfortunately, if they are elected the joke is on US and it will be worse than the Bush administration.

God help us all.

Posted by: abby0802 | September 29, 2008 4:44 PM | Report abuse

The economic mess is the result of the Bush administration's malfeasance in all areas. Bush and Cheney should have been impeached ages ago. McCain has been a cheerleader for Bush all along.

We are in a terrible situation, and the GOP will blame the Democrats, and McCain will say that he'll save the nation -- a bunch of heifer dust if there ever was any. (A heifer is a cow, by the way, and the dust is what comes from the heifer -- and it ain't milk!)

We need a real change in Washington -- not the same old fat cats in charge -- people like McCain (who doesn't even know how many homes he owns and whose wife is so rich it doesn't matter to him no matter what happens) who he beats his chest claiming he cares about the average American.

McCain-Palin -- what a joke!!!

Unfortunately, if they are elected the joke is on US and it will be worse than the Bush administration.

God help us all.

Posted by: abby0802 | September 29, 2008 4:42 PM | Report abuse

Obama just drew another +2 in North Carolina. McCain drew a +1 in Florida. Obama doesn't need either of those states. McCain must get both of them. Especially with Pennsylvania slipping out of McCain's reach.

Posted by: DDAWD | September 29, 2008 4:42 PM | Report abuse

Only simple minds care about

REPUBLICAN VS DEMOCRAT

LEFT VS RIGHT

LIBERAL VS CONSERVATIVE

The only issue we need care about is AMERICAN or GLOBALIST. I pray that we do not rescue these corrupt bankers at the expense of LIBERTY and the American People. They already had an edge (subsidies, fractional banking, fiat currency) and all that was not enough for them. Let them pay the price.

Posted by: MJMJ | September 29, 2008 4:42 PM | Report abuse

pach12 wrote:

"Does the person who wrote this know the meaning of ARM in housing lingo? ARM stands for adjustable rate mortgage.

ARMs are a by=product of the deregulated banking industry.

The proponderant percentage of foreclosures were against ARMs.

IT WAS THE TRIPLING AND QUADRUPLING OF MORTGAGE PAYMENTS, stemming from the ARMS that killed those home-owners' ability to meet their obligations."

SHEESH, grow some brains and do some research. Adjustable rates have been around forever. I dont know where you get your idiotic delusions from but there was no deregulation necessary to make adjustable rate loans possible. They were already there.

The cause of the problem was Fannie and Freddie enabling the free flow of high risk loans. And the enablers of Fannie and Freddie were Obama, Kerry, Clinton, Dodds, Franks, and lots of other DEMOCRATS.

You better go back to school and learn before you spew.

Posted by: KMichaels | September 29, 2008 4:41 PM | Report abuse

Holtz-Eakin said, "Just before the vote, when the outcome was still in doubt, Speaker Pelosi gave a strongly worded partisan speech and poisoned the outcome. This bill failed because Barack Obama and the Democrats put politics ahead of country."

So ... if the Democrats aren't nice to the Republicans, then the Republicans are just going to pick up their toys and go stomping back home? What sort of BS is this? We need to have some serious work done to save our country from financial ruin, and McCain and his party are still tryting to frame this as a way to blame Barack Obama for the financial crisis we are in. This one issue alone, and McCain's politicization of it, should bury McCain at the polls. Oh, wait. It already has.

Posted by: sdecker | September 29, 2008 4:40 PM | Report abuse

mbshults - As most readers can tell you, I am a theoretical mathematician and engineer. I constructed a model of our economic collapse two years ago and have been posting warning about exactly what has transpired, right down to the timeline (and, hint, look for Oct 5,6, and 7 to be a trainwreck that will make today appear tame). As for ideology, I honestly have none. I would be a terrible classic liberal becasue I think public employees aree over paid and under workered parasites. I can't stand NeoCon's for pretty much the same reason, exept the parasites are businessmen and corporate executives. I am a small 'el' liberal, a Jeffersonian, who believes in social safety nets and government programs for things that the private sector can screw up/has muffed up, so badly you end up with revolutions and other sorts of disasters. I believe in small 'p' private enterprise, small companies run by their founders or families, competing to make the best goods and offer the best services, and be rewarded as a consequnce. I am opposed to multi-nationals, and would not even extend patent and trademark protections to former American corporations. I believe, not, I know, that NeoConservatives, are nothing short of criminals, rather like the Nazi SS and that philosophy and all similar Neo-Leninist/Neo-Soviet forms of socialism need to exterminated. We cannot be free and foster these big government, big brother lying sacks of excrement in our midst.

Posted by: mibrooks27 | September 29, 2008 4:40 PM | Report abuse

"Anybody notice that Pelosi, Obama and company are lock-step with Bush's financial policies? Thank goodness that one of the Presidential candidates is not."

That would be Bob Barr. Thought I'd clear that up for you.

Posted by: judgeccrater | September 29, 2008 4:39 PM | Report abuse

Nancy Pelosi's partisan rhetoric and grandstanding postures before the vote today reminded everyone that the same dysfunctional people who are part of the problem are the ones who are proposing to write blank checks and claim that they have a mandate for crisis intervention now.

Her inflammatory posturing reminded everyone that we are piling huge money and a blank check into the hands of the those people, many of which who are the problem.

The bill was foolish. You don't take extreme, dramatic steps of faith by banking on the leadership of partisans that can't stop hacking and stabbing each other in the back. Barney Frank, Nancy Pelosi, are the problem, not the cure. They should fade to the background with their hack, divisive rhetoric.

Posted by: AsperGirl | September 29, 2008 4:39 PM | Report abuse

Those supporting McCain who blame the Democrats for the defeat of the bailout plan must think most people, especially independents and moderates, are stupid, sorry, intellectually challenged, to be duped by their inane propaganda. Their version of reality does not correspond to reality. The majority of Democrats voted for the bill, while most Rpublicans voted against.

They criticize Pelosi for her supposedly partisan speech, actually being basically accurate in her analysis of the origins of the financial crisis, as if Republicans, including Bush, Cheney and McCain never give blantantly partisan speeches. McCain's self-righteous, rude comments belittling Barack during the first debate are far more offensive.

There was at least one recent article at this website where one or more "Washington Post" reporter interviewed people, I think, in northern Virginia, who were opposed to the bill. Their opposition was at least partly because they did not think people who have lived within their financial means should subsidize those individuals and institutions who have been financially risky, as borrowers, lenders, and speculators.

There should be a new bill which offers definite benefits to taxpayers and the beginning of new regulations to prevent such a financial crisis in the future. If hardworking taxpayers, who pay their debts, are to subsidize those individuals and institutions who were greedy and financially irresponsible, then there should be another round of tax rebates, which is needed anyway to help prevent or alleviate a recession.

There also needs to be new regulations about mortgages, including requiring a 20% down payment and banning all but fixed mortgages. People currently having difficulty paying their mortgages should be allowed to refinance for fixed rate mortgages, but they should be expected to pay the full principal on their mortgages, as the vast majority of homeowners have and are in this country.

Posted by: Aprogressiveindependent | September 29, 2008 4:38 PM | Report abuse

Holtz-Eakin said, "Just before the vote, when the outcome was still in doubt, Speaker Pelosi gave a strongly worded partisan speech and poisoned the outcome. This bill failed because Barack Obama and the Democrats put politics ahead of country."

So ... if the Democrats aren't nice to the Republicans, then the Republicans are just going to pick up their toys and go stomping back home? What sort of BS is this? We need to have some serious work done to save our country from financial ruin, and McCain and his party are still tryting to frame this as a way to blame Barack Obama for the financial crisis we are in. This one issue alone, and McCain's politicization of it, should bury McCain at the polls. Oh, wait. It already has.

Posted by: sdecker | September 29, 2008 4:37 PM | Report abuse

Those supporting McCain who blame the Democrats for the defeat of the bailout plan must think most people, especially independents and moderates, are stupid, sorry, intellectually challenged, to be duped by their inane propaganda. Their version of reality does not correspond to reality. The majority of Democrats voted for the bill, while most Rpublicans voted against.

They criticize Pelosi for her supposedly partisan speech, actually being basically accurate in her analysis of the origins of the financial crisis, as if Republicans, including Bush, Cheney and McCain never give blantantly partisan speeches. McCain's self-righteous, rude comments belittling Barack during the first debate are far more offensive.

There was at least one recent article at this website where one or more "Washington Post" reporter interviewed people, I think, in northern Virginia, who were opposed to the bill. Their opposition was at least partly because they did not think people who have lived within their financial means should subsidize those individuals and institutions who have been financially risky, as borrowers, lenders, and speculators.

There should be a new bill which offers definite benefits to taxpayers and the beginning of new regulations to prevent such a financial crisis in the future. If hardworking taxpayers, who pay their debts, are to subsidize those individuals and institutions who were greedy and financially irresponsible, then there should be another round of tax rebates, which is needed anyway to help prevent or alleviate a recession.

There also needs to be new regulations about mortgages, including requiring a 20% down payment and banning all but fixed mortgages. People currently having difficulty paying their mortgages should be allowed to refinance for fixed rate mortgages, but they should be expected to pay the full principal on their mortgages, as the vast majority of homeowners have and are in this country.

Posted by: Aprogressiveindependent | September 29, 2008 4:36 PM | Report abuse

2002:

Bush: Listen up, congresspeople. Let me attack Iraq or Saddam Hussein and Osama bin Laden are going to join forces to take over the world.

Congress: Baa. Yes, sir.

Bush: Mission accomplished!

2007:

Bush: Help me congresspeople. Osama bin Laden is in Afghanistan or Pakistan, so let's double down on Iraq.

Congress: Baa. Yes, sir.

Bush: Mission accomplished!

2008:

Bush: Congressional peoples - My buddies from business school learned even less than I did, and have run an entire industry into the ground. Give me a trillion dollars and I'll give it to them.

Congress: Go f yourself. And take that piece of crap McStupid with you.

Bush: Oh sh*t.

Posted by: bondjedi | September 29, 2008 4:34 PM | Report abuse

Republicans know all too well what kind of guy Bush is. Apparently ome Dems know this too. Imagine you're a Democrat. You vote for this bill, then your Republican opponent calls you a tax & spend liberal? Who needs a Bush Albatross like that?

I'm glad the bill didn't pass. I still don't know what the $700B is for and I've been reading everything I can for the last week!

Posted by: tony_in_Durham_NC | September 29, 2008 4:33 PM | Report abuse

HOW DID WE EVER GET IN THIS MESS??

"100 percent financing . . ."
"No down payment . . ."
"No income . . .
"No job . . ."
"No assets . . ."
"No credit scores . . ."
"Low credit scores . . ."
"No SSN required . . . "
"ITIN identification accepted . . ."
"Undocumented income . . ."
". . . even if you don't report it on your tax returns . . ."

Posted by: eureka60 | September 29, 2008 4:31 PM | Report abuse

mibrooks27:

What is your background. You sound like an economist that has a very strong ideological bent.

I understand that the Neocons have thought they could beat a recession and propped our economy up hugely, but have never read something so negative...

Scary stuff.

Posted by: mbshults | September 29, 2008 4:25 PM | Report abuse

I am so glad that Congress stood up and did the right thing.

We do not need Central Financial Control.

If you agree that the Banks already have every advantage possible (subsidies, fractional banking, fiat money) and they do not need welfare then please contact
These people who supported the bill and do your best to persuade them that the free market is the way to go:
Ackerman
Allen
Andrews
Arcuri
Bachus
Baird
Baldwin
Bean
Berman
Berry
Bishop (GA)
Bishop (NY)
Blunt
Boehner
Bonner
Bono Mack
Boozman
Boren
Boswell
Boucher
Boyd (FL)
Brady (PA)
Brady (TX)
Brown (SC)
Brown, Corrine
Calvert
Camp (MI)
Campbell (CA)
Cannon
Cantor
Capps
Capuano
Cardoza
Carnahan
Castle
Clarke
Clyburn
Cohen
Cole (OK)
Cooper
Costa
Cramer
Crenshaw
Crowley
Cubin
Davis (AL)
Davis (CA)
Davis (IL)
Davis, Tom
DeGette
DeLauro
Dicks
Dingell
Donnelly
Doyle
Dreier
Edwards (TX)
Ehlers
Ellison
Ellsworth
Emanuel
Emerson
Engel
Eshoo
Etheridge
Everett
Farr
Fattah
Ferguson
Fossella
Foster
Frank (MA)
Gilchrest
Gonzalez
Gordon
Granger
Gutierrez
Hall (NY)
Hare
Harman
Hastings (FL)
Herger
Higgins
Hinojosa
Hobson
Holt
Honda
Hooley
Hoyer
Inglis (SC)
Israel
Johnson, E. B.
Kanjorski
Kennedy
Kildee
Kind
King (NY)
Kirk
Klein (FL)
Kline (MN)
LaHood
Langevin
Larsen (WA)
Larson (CT)
Levin
Lewis (CA)
Lewis (KY)
Loebsack
Lofgren, Zoe
Lowey
Lungren, Daniel E.
Mahoney (FL)
Maloney (NY)
Markey
Marshall
Matsui
McCarthy (NY)
McCollum (MN)
McCrery
McDermott
McGovern
McHugh
McKeon
McNerney
McNulty
Meek (FL)
Meeks (NY)
Melancon
Miller (NC)
Miller, Gary
Miller, George
Mollohan
Moore (KS)
Moore (WI)
Moran (VA)
Murphy (CT)
Murphy, Patrick
Murtha
Nadler
Neal (MA)
Oberstar
Obey
Olver
Pallone
Pelosi
Perlmutter
Peterson (PA)
Pickering
Pomeroy
Porter
Price (NC)
Pryce (OH)
Putnam
Radanovich
Rahall
Rangel
Regula
Reyes
Reynolds
Richardson
Rogers (AL)
Rogers (KY)
Ross
Ruppersberger
Ryan (OH)
Ryan (WI)
Sarbanes
Saxton
Schakowsky
Schwartz
Sessions
Sestak
Shays
Simpson
Sires
Skelton
Slaughter
Smith (TX)
Smith (WA)
Snyder
Souder
Space
Speier
Spratt
Tancredo
Tanner
Tauscher
Towns
Tsongas
Upton
Van Hollen
Velázquez
Walden (OR)
Walsh (NY)
Wasserman Schultz
Waters
Watt
Waxman
Weiner
Weldon (FL)
Wexler
Wilson (NM)
Wilson (OH)
Wilson (SC)
Wolf

Posted by: MJMJ | September 29, 2008 4:24 PM | Report abuse

Paulson's plan rescues the top .2% when it's the other 98.8% that need rescuing from the Wall Street criminals. Congress needs to focus on its constitutional constituency and get truly and aggressively punitive (sorry, Mr. Bush) towards the ones who sold us out (both inside government and out).

Posted by: miraclestudies | September 29, 2008 4:24 PM | Report abuse

Social programs were forced onto the banking industry by Democrats to promote minority and poor home ownership. Subprime mortgages, Fannie Mae & Freddie Mac are government interventions into the mortgage banking and financing sector, to promote social agendas.

During the Clinton Administration, banking & finance deregulations and acts (including those pushed by Phil Gramm) (1) repealed the separation between commercial & investment banks (Wall Street), (2) created commodity trading loopholes, (3) deregulated banking & finance, (4) prohibited federal oversight of certain financial derivative products and so on. Republican Phil Gramm was pushing the deregulation, and it was also in like with Clinton's focus on financial gimmicks to produce the illusion of growth. The tech stock bubble from the Clinton years morphed into the real estate bubble during the Bush years, after it burst and after Wall Street cooked up credit default swaps in the environment created by Clinton's banking and finance law changes.

We are also sending a lot of money abroad, because of our energy dependence and our global trade imbalances. We are sending huge, unprecedented money abroad that is coming back to us in the form of easy investment money (a "liquidity bubble"). The international hedge funds & sovereign wealth funds that were eager to buy credit-backed derivative products, got their money from our overspending obscene amounts abroad on credit via our trade deficit.

In the past few years, using the credit default swaps and other crooked, fancy products cooked up after Clinton's banking & finance deregulations, Wall Street figured out how to make subprime mortgages and Fannie Mae and Freddie Mac products profitable, instead of a burden. By creating derivative products that hid and misrepresented the risk in their bad mortgage-backed portfolios, Wall Street turned subprime mortgages and Fannie and Freddie into a big source of undue profits.

It is unwise to make racial discrimination ("subprime") mortgage lending a part of our banking industry requirements. It's government forcing weakness into the backbone of our economy. Subprime mortgage requirements and other low-income home ownership programs should be kept separate and distinct from the banks. It would be better for the government to outright fund charity to promote minority home ownership, than forcing banks to make subprime mortgages or empowering Fannie and Freddie to hype poor mortgage portfolios as reliable financial investments. The social programs should be kept apart from our banking core of our economy, if the vulnerabilities they create can take down our national economy.

The banking & finance deregulation during the Clinton Administration allowed greedy and self-serving Wall Street gamblers to leverage the weaknesses in our banking system created by these government-mandated home lending programs into a big payday.

Let Wall Street die. Trying to bail them out (1) won't work and (2) will squander a lot of time, money and attention so that the inevitable outcome will be worse.

A new capital investing class of business will arise in its place.

Wall Street, what we know of as investment banking, is no longer really necessary in the global economy of today, in the form that it exists. The fact of it having turned into a predator of economy in the past 3 decades, instead of a constructive part of it, means that the business model of Wall Street is no longer constructive. Let it die.

Posted by: AsperGirl | September 29, 2008 4:23 PM | Report abuse

"Authentic problem-solving is about getting past all the complexities to the underlying truth.

The underlying truth was that the bailout was a "top-down" solution based on the long-disproven premise of "trickle-down" economics. The underlying truth is that this economy is based upon consumerism and, if it is to be REALLY rescued, it is the consumer who needs to be bailed out.

And bailed out FIRST, not last...

The Paulson plan was a bandaid on the self-inflicted head wound of his fellow Wall Street CEO's when America's authentic source of wealth is the value produced by its working class consumers.

The bailout as it was structured merely passed the pain down the road a bit and put the ultimate burden on Main Street anyway.

Bottom line? It was all just an illusion. A gossamer-thin disguise on a gargantuan golden parachute for Wall Street's players.

The real truth is that, in America, we've been living like drunken sailors, giddied by our rampant consumerism. And this, dear Chris, is just the first hour of what has always been the inevitable hangover.

The only real solution is to face what is. We must get past our collective fear of what's coming and just deal with it.

Like adults.

And to stop running away from what we HAVE made.

It's time to consider the awesome truth that our government was designed to protect THE PEOPLE. And the people, in our collective wisdom, have said NO to the Paulson lie. Come what may..."

That's absolutely true. The plain fact is that many economists have said this bill wouldn't fix what is wrong with our economy and would only postpone the inevitable. Many people from both parties agreed with them. Those people called their reps and their reps voted the way their constituents wanted them to vote. That's not being gutless, people. That's what they're supposed to do.

It's time to bite the bullet and just deal with it.

Posted by: pentexan | September 29, 2008 4:23 PM | Report abuse

Seems to me like the blame for the bill's failure lies not with one or the other party, but with the consensus builders who failed to effectively make their case.

It also speaks to the mistrust the American people have for Washington when the President makes the case for why the program is necessary, but only 22% of voters agree with his proposal. If The Fix is correct that the 'No' votes were driven by fear of electoral retribution in November, blame could probably be pinned on the supporters of the deal who failed to make the case to the American people.

Posted by: bsimon1 | September 29, 2008 4:22 PM | Report abuse

info44:

You got to laugh at a comment that stupid. Democrats have been in power the last two years. Huh? Bush is president. He has been President for almost 8 years. He is responsible for appointing the regulators who were asleep at the wheel. Repubs have controlled Congress for 12 of the last 14 years and passed all this deregulation. Finally, I can't let go by the comment that Democrats want "everyone should live in a home" is the cause of the problem. Right, Democrats do want to see everyone living in a home rather than on the street. I suppose that is the Repubs next fix for the economy, make more people homeless, yeah, right, that will solve the problem. Idiot.

Posted by: dcwsano | September 29, 2008 4:22 PM | Report abuse

Don't you all realize the DEMOCRATS got us into this mess to begin with by being in power for the past 2 years. Saying "everyone should live in a home"

Does the person who wrote this know the meaning of ARM in housing lingo? ARM stands for adjustable rate mortgage.

ARMs are a by=product of the deregulated banking industry.

The proponderant percentage of foreclosures were against ARMs.

IT WAS THE TRIPLING AND QUADRUPLING OF MORTGAGE PAYMENTS, stemming from the ARMS that killed those home-owners' ability to meet their obligations.

It is the usorious interest rates that the newly deregulate banking industry can charge that precipitated the foreclosure crisis.

Posted by: pach12 | September 29, 2008 4:22 PM | Report abuse

IS THIS THE START OF A SILENT COUP, AS MICHAEL MOORE CONTENDS?

If the powers that be really wanted this bill to pass, it would have -- that's my theory at least.

The concern here is that some entities would prefer that the nation is plunged into economic chaos, creating an environment that could allow exremist elements to seize power and shape society according to their peculiar ideology.

Remember the Reichstag fire... don't think it couldn't happen here. In some ways, it's already happening.

I jsut read last night that a divison of the Army is setting up oiperations in the US to combat possible "civil disturbances" --equipped with "non-lethal weapons" to control unruly mobs or individuals. The item appeared on 9/22 at http://democracynow.org

On a possibly related note, some of my posts to The Fix in recent hours have generated a response stating that they are being "held for the blog owner" -- a curious phrase for a mainstream media web site. The notice came on a white page, no WaPo ID, and looked phony to me. So I wrote about it:

http://www.nowpublic.com/world/parallel-internet-big-brother-screening-censoring-political-blogs

OR, if the link is broken, at members.nowpublic.com/scrivener

(If links are broken when you visit, please notify site administrators.)

My email is unreliable, so if someone from WaPo could respond to my article on line, that would make an interesting read for those of us who need our "Fix" and won't countenance prior restraint of free speech in America.

Posted by: scrivener50 | September 29, 2008 4:21 PM | Report abuse

Is this the last hurrah for the Bush Admin?
Curtain call at the White house...Last dibs. Last chance to fill up at the ole watering hole, but now, instead of the small potatoes pork barrel sweetpots, they are going for the Big Con. One last big gulp before going down for the count. Well who knows the republican heart better than the republicans... the bailout bills undoing was mainly their todo... why?? because they know what the game is about... Ive said ity all along from scandel to scandel... Follow the money!

Posted by: ritexcorp | September 29, 2008 4:20 PM | Report abuse

Speaker Pelosi said "This bill failed because Barack Obama and the Democrats put politics ahead of country." And yet, the 140 Democrats voted "Yes" and only 65 Republicans voted "yes". Am I missing something here?

Posted by: DeniseTwin | September 29, 2008 4:19 PM | Report abuse

The Republicans are just waiting for the Democrats to champion this politically unpopular bill...If the Democrats yield here, I will switch my party to Independent...Walk away Pelosi...Or, better yet, add Bankruptcy provisions back in and insist on them. Up the anti-- Don't Yield!

Posted by: JustinMcC | September 29, 2008 4:19 PM | Report abuse

"Barack hussain Obama doesn't have cell service so he is not able to phone it in and vote PRESENT this time."

Obama couldn't vote anything. It was the House, not the Senate, that voted today.

What does Obama have to do to win your vote - suspend his campaign, have some photos snapped at the White House, proclaim that he led the way to compromise on the bailout bill before getting tarred in a debate, then take the weekend off before getting the rug pulled out from under him by the House? Is that what Obama has to do?

Posted by: bondjedi | September 29, 2008 4:17 PM | Report abuse

America has been binging, get ready for the purge. It ain't go to be pretty...

Easy credit has promoted a negative savings rate in America, why did anyone think that could last? Got to pay the bills eventually...

The new way WW III gets started. After failing to pass the $700 billion bail out plan, Congress decides to focus on Main Street, declaring that paying back mortgages is now voluntary. China and the rest of the World calls its debts, the whole world falls into an economic crisis that is only stopped by the rest of the world banding together in a war against the US in an attempt to get something back on their loans.

(That is a joke btw)

Posted by: ajb226 | September 29, 2008 4:17 PM | Report abuse

Whoa, TL40-there are so many things wrong with your post, it's hard to know where to start. First of all "Pelosi's plan" was in fact created by Paulson. It was then amended to include greater protections for taxpayers, and improved oversight (in other words, the revised version was not the blank check that the original version was). Secondly, if you want to talk about coke-heads, why don't you look at the current president. And finally, are you actually trying to suggest that Obama should have been there to vote on this bill (in the House of Representatives)?? You do realize that the Senate is separate from the House, correct? And that Obama is a Senator? Just checking.

Posted by: ASinMoCo | September 29, 2008 4:16 PM | Report abuse

America has been binging, get ready for the purge. It ain't go to be pretty...

Easy credit has promoted a negative savings rate in America, why did anyone think that could last? Got to pay the bills eventually...

The new way WW III gets started. After failing to pass the $700 billion bail out plan, Congress decides to focus on Main Street, declaring that paying back mortgages is now voluntary. China and the rest of the World calls its debts, the whole world falls into an economic crisis that is only stopped by the rest of the world banding together in a war against the US in an attempt to get something back on their loans.

(That is a joke btw)

Posted by: ajb226 | September 29, 2008 4:16 PM | Report abuse

The Paulson plan was a red-herring designed to divert our collective attention away from the real financial "terrorists" who done the deed and killed the American economy.

It's just a financial version of Iraq all over again...

Posted by: miraclestudies | September 29, 2008 4:15 PM | Report abuse

I read Pelosi's speech--Republicans are such a bunch of cry babies!! You have got to be joking--a so called free market president in office for 8 years who is so clueless that he single handedly ruins the economy (and a whole lot more!)who then tries to sell us on the lamest band-aid idea of a fix ever & it doesn't pass b/c of Pelosi's speech? My God you guys are absolutely pathetic. Grow up!-- Obama wins.

Posted by: worthin2 | September 29, 2008 4:15 PM | Report abuse

Anybody notice that Pelosi, Obama and company are lock-step with Bush's financial policies? Thank goodness that one of the Presidential candidates is not.

Posted by: TL40 | September 29, 2008 4:15 PM | Report abuse

Interesting, Pelosi's words,

"It's a staggering figure.... $700 billion, a staggering number, but only a part of the cost of the failed Bush economic policies to our country,'' Pelosi said, blaming Bush for inheriting a budget surplus and turning it into a record deficit with " reckless economic policies.... "It's really an anything goes mentality, no regulation, no supervision, no discipline."

1. 2001-April, the Bush administration, in its 2002 budget proposal, asserted that the size of Fannie Mae and Freddie Mac is a "potential problem," and that financial trouble in these "Government Sponsored Entities," or GSEs, could "cause strong repercussions in financial markets."

2. 2003, autumn, the Bush administration pushed Congress to create a new federal agency to regulate and supervise Fannie Mae and Freddie Mac.

On 2003-Sep-10, then-Treasury Secretary John Snow, before the House Financial Services Committee, " We need a strong, world-class regulatory agency to oversee the prudential operations of the GSEs, and the safety, and the soundness of their financial activities."

On the same day, 2003-Sep-10, at the same hearing, the ranking Democrat on the House Financial Services Committee Congressman Barney Frank (now chairman of the same committee) said in response, "Fannie Mae and Freddie Mac are not in a crisis. The more people, in my judgement, exaggerate a threat of safety and soundness, the more people conjur up the possibility of serious financial losses, to the Treasury, which I do not see, I think we see entities which are fundamentally sound financially and withstand some of the disaster scenarios, and even if there were a problem the federal government doesn't bail them out. But the more pressure there is there, the less I think we see in terms of affordable housing."

The legislation the Bush administration put forward that day was blocked.


3. Alan Greenspan, 2005-Sep-17, to the House Financial Services Committee, on Fannie/Freddie, "Enabling these institutions to increase in size--they they will once the crisis in their judgement passess--we are placing the total financial system of the future at substantial risk."

4. Alan Greenspan, 2006-Apr-6, "If we fail to strengthen GSE regulation we increase the possibility of insolvency and crisis."

The same day, Democratic Senator Chuck Schummer, "I think Fannie Mae and Freddie Mac over the years has done a good job and are an intrinsic part of making America the best-housed people in the world. If you look over the last 20 or whatever years, they have done a very, very, good job."


5. Senate floor, 2006-May-25, John McCain, "For years I have been concerned about the regulatory structure that governs Fannie Mae and Freddie Mac... and the sheer magnitude of these companies and the role they play in the housing market... the GSEs need to be reformed without delay." In the Senate Banking Committee, the Fannie/Freddie reform legislation that McCain cosponsored, 100% of the Republicans voted FOR it, and 100% of the Democrats, including Chuck Schummer and Chris Dodd, voted AGAINST it. As we know now, Dodd received $133,900 in campaign contributions from Fannie/Freddie ( per opensecrets.org ), ranking #1 in Congress. Obama received $105,949 from Fannie / Freddie ( per opensecrets.org ), ranking #3 in Congress. Senator Obama was silent on this legislation.


6. 2008-Sep-25, former President Clinton indicated he AGREED with Fox News assertions that Democrats are responsible for failure to rein in Fannie/Freddie--Bill Clinton told ABC's Chris Cuomo that for years, Democrats have been "resisting any efforts by Republicans in the Congress or by me when I was President to put some standards and tighten up a little on Fannie Mae and Freddie Mac."

Posted by: adpack | September 29, 2008 4:14 PM | Report abuse

The rush to put the awakened giant back to sleep has failed. Perhaps now we will find those responsible for this mess and vote them out or throw them in jail. The Dems were full aware of the problem and chose to do nothing for fear they would lose their votes. The giant awoke too soon. No Obama to the rescue. The voters are awake.

Posted by: MITCHS52 | September 29, 2008 4:13 PM | Report abuse

"It only bails out her own $500,000 stake in AIG stock holdings. Never mind Kerry's bigger loser bank stock holdings. Guess how those two voted."

Please...tell me...how did SENATOR Kerry vote?

Posted by: DDAWD | September 29, 2008 4:12 PM | Report abuse

Obama, moments after the bill failed, urged people not to panic, according to the Post's Perry Bacon. "It's important for the American public and the markets to stay calm" said Obama, adding: "One of the messages I have to Congress is get this done, Democrats, Republicans step up to the plate."

But I thought he was so accomplished at reaching across the aisle, coming to compromise and avoiding the old politics. even with his own party in power, he can't deliver a thing, a post office name perhaps, but nothing of substance in two years of the PeLousy congress and never a single worthy deed in Obama's short and accomplishment-free career.

Posted by: king_of_zouk | September 29, 2008 4:12 PM | Report abuse

Firmly believe that the failure of the bailout bill is a clear indication of the hypocrysy of the republican party and especially the incumbent president and his erstwhile successor.

Clearly, the house republicans are attempting to exploit what they feel is a strategic move to garner votes.

Just the fact that the republican "leaders" failed(?) to gain the votes that they claimed they would shows the sleazy methods of politics first - and country last.

Also please find some interesting infomation that relates to the earmarks that are decried by Senator McCain. The earmarks are those of two of his biggest supporters:

The budget watchdog Taxpayers for Common Sense has released an analysis of earmark requests in the 2009 Defense Authorization bill, finding 435 earmarks worth $5.2 billion. Neither Barack Obama nor John McCain asked for any earmarks. Joe Biden had an $11.6 million earmark. The Washington Times reports that McCain supporters Sens. Lindsey Graham (R-SC) and Joe Lieberman (I-CT) requested milllions:

Lieberman requested $35 million for “Technology development for F135 engine” for beneficiary Pratt and Whitney. Graham has $20 million in solo requests, including a $9.9 million earmark for a “Physical Fitness Center” at Shaw Air Force Base in South Carolina.

“Would McCain veto those if he were president?” the Times asks. Reporter Christina Bellantoni called the McCain campaign to see if he would veto the earmarks. “Update, 5:45 p.m.: Silence from Team McCain,” she writes.


The defense industry loves Lieberman and Graham and I seriously doubt that McCain would try to throw cold water on those relationships. He was silent on the issue yesterday, so expect more of the same from McCain today. As long as truth gets in the way of McCain's message, he'll just continue to try and sweep the evidence of his hypocrisy under the rug

Posted by: magicmike1 | September 29, 2008 4:11 PM | Report abuse

There are only three countries in the world with the ability to buy America's debt: China, Qatar, and Saudi Arabia. By refusing to sign this bill, the House Republicans, and those democrats that voted with them, have effectively handed over America's power of government to at least two countries who do not exactly have the US's best interests in mind. Not a road can now be built in the US without the permission o one of those countries.

Well done McCain et al. Party before country. Business as usual.

Posted by: festinog | September 29, 2008 4:11 PM | Report abuse

I heard Boehner's remarks blaming Pelosi for the bail out's failure.

The GOP caucus are willing to let the economy tank because they are in a snit with Pelosi?

Posted by: pach12 | September 29, 2008 4:11 PM | Report abuse

The Democrats and their lover-boy Paulsson hate Big Oil. But boy, do they love Big Banks. What is Bush's real problem--too many libbies in his cabinet?

Posted by: TL40 | September 29, 2008 4:10 PM | Report abuse

"I went to Washington last week to make sure that the taxpayers of Ohio and across this great country were not left footing the bill for mistakes made on Wall Street and evil and greed in Washington,"

It was McCain's economic "surge". Undeniable success, huh?

Posted by: thebobbob | September 29, 2008 4:09 PM | Report abuse

John McCain took credit for the break through this morning. I guess he is going to flip-flop on this issue too. Or is it a thoughtful change of positon. McCain is a bigger joke than Palin.

Posted by: bradcpa | September 29, 2008 4:09 PM | Report abuse

Firmly believe that the failure of the bailout bill is a clear indication of the hypocrysy of the republican party and especially the incumbent president and his erstwhile successor.

Clearly, the house republicans are attempting to exploit what they feel is a strategic move to garner votes.

Just the fact that the republican "leaders" failed(?) to gain the votes that they claimed they would shows the sleazy methods of politics first - and country last.

Also please find some interesting infomation that relates to the earmarks that are decried by Senator McCain. The earmarks are those of two of his biggest supporters:

The budget watchdog Taxpayers for Common Sense has released an analysis of earmark requests in the 2009 Defense Authorization bill, finding 435 earmarks worth $5.2 billion. Neither Barack Obama nor John McCain asked for any earmarks. Joe Biden had an $11.6 million earmark. The Washington Times reports that McCain supporters Sens. Lindsey Graham (R-SC) and Joe Lieberman (I-CT) requested milllions:

Lieberman requested $35 million for “Technology development for F135 engine” for beneficiary Pratt and Whitney. Graham has $20 million in solo requests, including a $9.9 million earmark for a “Physical Fitness Center” at Shaw Air Force Base in South Carolina.

“Would McCain veto those if he were president?” the Times asks. Reporter Christina Bellantoni called the McCain campaign to see if he would veto the earmarks. “Update, 5:45 p.m.: Silence from Team McCain,” she writes.


The defense industry loves Lieberman and Graham and I seriously doubt that McCain would try to throw cold water on those relationships. He was silent on the issue yesterday, so expect more of the same from McCain today. As long as truth gets in the way of McCain's message, he'll just continue to try and sweep the evidence of his hypocrisy under the rug

Posted by: magicmike1 | September 29, 2008 4:08 PM | Report abuse

"This bill failed because Barack Obama and the Democrats put politics ahead of country."

LOL!! So what are they being accused of?
'They didn't spend 700 billion dollars the b*st*rds.'
'They refused to inject taxpayer money into Wall Street?'

'We really wanted to spend 700 billion dollars on Wall Street. But those obstructionist Dems blocked us again.'

Posted by: DonJasper | September 29, 2008 4:07 PM | Report abuse

From:
Head of State
http://headofstate.blogspot.com/2008/09/draw-your-conclusions.html

Monday, September 29, 2008
Draw Your Conclusions

The bailout bill was brought forward by a Republican administration.

Over 2/3rds of Democrats voted for it.

John McCain said that he would deliver the votes of Republicans.

He "suspended his campaign" to do it.

He made this a central test of his leadership by doing so.

He said he would not attend the debate unless the bailout bill passed.

He attended the debate.

He failed to deliver the Republican votes.

The bill did not pass.

Draw your conclusions.

Cite:
Head of State
http://headofstate.blogspot.com/2008/09/draw-your-conclusions.html

Posted by: robthewsoncamb | September 29, 2008 4:05 PM | Report abuse

Don't you all realize the DEMOCRATS got us into this mess to begin with by being in power for the past 2 years. Saying "everyone should live in a home" and then helping all the people that don't work hard to get a home so they can have one. Well of course banks should not have been lending money to these people. But the Democrats made it happen with their policies. If the gov't stayed "hands off" then the free market would prevail, now we are in deeper.

Posted by: info44 | September 29, 2008 4:05 PM | Report abuse

What appears to be lost to the Congress is that the Wall Street Tycoons will not be the only sufferers from their failure to pass the bail-out.

Pensioners watching the devastation of the value of their 401K plans will suffer, too.

Students will find loan money scarcer.

Local and state governments will find their bonding costs rising rapidly with no offsetting increase in revenues.

Small businesses will fail from the triple whammy of tighter credit, rising inflation, and declining demand.

Inflation will follow as the dollar declines against foreign currencies driving up commodity prices.

Declining demand will be driven by lay-offs and business failures.

Having this combination of bad economic effects in the Christmas quarter assures that many retail firms will lose money extending stagflation well into 2009.

In failing to vote for the bailout and foisting this upon the rest of us, the Congress and in particular the GOP have reached a new and unimaginable nadir of cowardice.

Posted by: pach12 | September 29, 2008 4:05 PM | Report abuse

http://www.fivethirtyeight.com/2008/09/swing-district-congressmen-doomed.html

Says that congressmen who are in competitive races were 80% against the bill as opposed to those who weren't in competitive races as 50% against the bill.

Posted by: DDAWD | September 29, 2008 4:05 PM | Report abuse

John "Stable as Plutonium" McCain and the Republicans are playing a game of political chicken with our way of life at stake. How dare the GOP get us into this mess with their support for wanton deregulation fueled by greed and then refuse to take a stand with politically unpopular hard decisions....The lady doth protesteth.

I'm sorry, but all this talk of Mavericks and anti-special interests is proving to be nonsense. Either McCain has no control over his party or it's another reckless and political maneuver on his party's part.

Posted by: JustinMcC | September 29, 2008 4:05 PM | Report abuse

The bill failed because Pelosi gave a "partisan speech"? So let me get this straight...House Republicans don't vote for bills based on the merits and flaws of that bill, but instead vote for a bill based on the speeches of a few Democrats? Talk about maturity...

Posted by: DCX2 | September 29, 2008 4:02 PM | Report abuse

Republicans - "We decided to let the economy go into a tailspin, but don't blame us, blame Pelosi's speech."
Notice how Pelosi's plan doesn't bail out the average American. It only bails out her own $500,000 stake in AIG stock holdings. Never mind Kerry's bigger loser bank stock holdings. Guess how those two voted. Did our next coke-head Ivy-League President--Mr Obama even vote for once, besides just saying "present?"

Posted by: TL40 | September 29, 2008 4:02 PM | Report abuse

Every webpage is an obama bust,
is this the new Sadam Hussein
amerika, the great orator on
every street corner. Pelosi and osama
and Reid are cry babies.
No Taxation Without Representation!!!!!
Time for a new TEA PARTY!!!

Posted by: USA3 | September 29, 2008 4:02 PM | Report abuse

This is perfect!! This is exactly what Republicans have been wanting for years. If only The Government would get out of the way, the 'Market" would solve all our problems. Oversight?? What are you a Socialist? Communist??? "Government isn't the solution, Government is the PROBLEM!! Leave business alone, Greed is Good!!! Deregulate everything Banks, security firms health care, pharmaceutical companies, mining companies. Kill government!! How's that working for ya?

Heckuva job Republicans.

Posted by: thebobbob | September 29, 2008 4:02 PM | Report abuse

This is the largest monetary proposal in history and we are being asked to trust some of the most untrustworthy people on the planet. What is their response to Sweden when they say they had a similar problem and the Paulson/Bush proposed solution will not work? What is wrong with hearing something from the 200 economists who said it is not the correct policy to pursue? What is the hurry? bandaid a few more financial institutions through their mess. Don't just hand out $700b without at least hinting at how it will benefit anybody beyond Wall Street. There are too many unanswered questions for me to support the current bill.

Posted by: sbarkley | September 29, 2008 4:02 PM | Report abuse

Frankly, Chris I am scared and just do not know what the crisis is really about in full detail.
Secondly, I really fear for us as a country as we seem to be fighting more often then having 'our' leaders represent us as responsible, mature adults, helping each other.

Posted by: crrobin | September 29, 2008 4:02 PM | Report abuse

lavinsr - Don't count on it (Republican's being thrown out of office). If you look at Fox, Freedom Watch, and other pieces of that criminal organization known as "the American Right"; if you look at the posts by their army of the deluded like info42 and koz, you will see that these suicidal lemmings are common as dirt (double meaning intended). Nope, so long as we permit subhuman trash like Mr Adelson and the Swift Boaters to wreck their evil then we can count on suffering the consequences. The "fix", as it were, is to treat these crininals, liars, cheats, treasonous scum, as the cockroaches they are. Quit being "liberal" and try and execute or imprison as many of them as we can lay hands on.

Posted by: mibrooks27 | September 29, 2008 4:01 PM | Report abuse

lets get a list of the 205 that voted for this bill and vote them OUT!!!

Posted by: ftrivoluzzi | September 29, 2008 4:01 PM | Report abuse

McCain's statement blaming Obama for this bill's failure to pass the House is ludicrous - and the very opposite of his claim to stand above partisanship. It has to be the baldest lie I've heard from a major party candidate for president in my 54 years. Astonishing and repugnant.

Posted by: officermancuso | September 29, 2008 4:01 PM | Report abuse

I love how Republicans get us in this mess in the first place, then try and blame others for their shortcomings. Face facts - your party is chin deep in this biggest financial mess ever and your nominee John McCain just made a fool of himself with his political charades. Taxpayers, as soon as they see their 401(k) balances, are really going to stick it to y'all even harder than they do now. This is just the start of the "perfect storm" for Republicans.

Posted by: lancelot113 | September 29, 2008 4:01 PM | Report abuse

I love how Republicans get us in this mess in the first place, then try and blame others for their shortcomings. Face facts - your party is chin deep in this biggest financial mess ever and your nominee John McCain just made a fool of himself with his political charades. Taxpayers, as soon as they see their 401(k) balances, are really going to stick it to y'all even harder than they do now. This is just the start of the "perfect storm" for Republicans.

Posted by: lancelot113 | September 29, 2008 4:01 PM | Report abuse

Why weren't the rest of the Dems on board? If Nancy could get them, the vote would pass. Oh yeah, Mr. Calm hasn't shown his hand yet, can you tell me what his position is in the bailout? Could it mean that he needs to wait and do what Nancy did and figure out what is politically correct???? Nancy should have just kept her mouth shut....though she can't seem to help herself and it cost big!!

Posted by: cbl0213 | September 29, 2008 4:00 PM | Report abuse

I love how Republicans get us in this mess in the first place, then try and blame others for their shortcomings. Face facts - your party is chin deep in this biggest financial mess ever and your nominee John McCain just made a fool of himself with his political charades. Taxpayers, as soon as they see their 401(k) balances, are really going to stick it to y'all even harder than they do now. This is just the start of the "perfect storm" for Republicans.

Posted by: lancelot113 | September 29, 2008 3:59 PM | Report abuse

The Origins Of The Fannie Mae Meltdown


http://www.youtube.com/watch?v=_MGT_cSi7Rs


http://www.youtube.com/watch?v=H5tZc8oH--o

The ORIGINS of the Fannie Mae Meltdown

Posted by: gdodd414 | September 29, 2008 3:59 PM | Report abuse

It is time for Americans to elect grown ups to leadership positions - I regret that I have but one vote to cast for Congress. ........
http://thefiresidepost.com/2008/09/29/america-should-be-led-by-grown-ups/

Posted by: glclark4750 | September 29, 2008 3:59 PM | Report abuse

I love how Republicans get us in this mess in the first place, then try and blame others for their shortcomings. Face facts - your party is chin deep in this biggest financial mess ever and your nominee John McCain just made a fool of himself with his political charades. Taxpayers, as soon as they see their 401(k) balances, are really going to stick it to y'all even harder than they do now. This is just the start of the "perfect storm" for Republicans.

Posted by: lancelot113 | September 29, 2008 3:59 PM | Report abuse

In case my first response wasn't clear enough, Chris, Wall Street doesn't need a bailout nearly so much as it needs to be CLEANED out.

The mathematical gibberish of this financial paper house-of-cards was NEVER real. And us "just rough-hewn, ordinary folk" know full well that good money after bad makes NO sense at all.

No bailout means the VERY bumpy road ahead of us (and in "us", I include the rest of the world, as well) just comes sooner rather than later. And that is ALL.

Posted by: miraclestudies | September 29, 2008 3:58 PM | Report abuse

The house republicans are trying to pin their decision to vote against the bill on a speech by Pelosi? For real? Holy crap, grow up already. I read a copy of the speech by Pelosi and there's nothing in it to support their claim of partisanship anyway.

Posted by: traveler7 | September 29, 2008 3:55 PM | Report abuse

I think McCain's red meat attacks on Obama will backfire. It's ok for day to day stuff, but not what people want during this sort of crisis. People didn't believe his campaign suspension and people won't believe the failure of the bill is Obama's fault.

Posted by: DDAWD | September 29, 2008 3:54 PM | Report abuse

How about Jim Marshall D-GA08? He is absolutely not in a safe seat but he stuck his neck out for the Yeas...

Posted by: Steak113 | September 29, 2008 3:53 PM | Report abuse

I wonder what McHoover is saying about the fundamentals of the economy today!

Posted by: Tampaman | September 29, 2008 3:53 PM | Report abuse

I wonder what McHoover is saying about the fundamentals of the economy today!

Posted by: Tampaman | September 29, 2008 3:53 PM | Report abuse

All bad for McCain.

Posted by: MShake | September 29, 2008 3:53 PM | Report abuse

"Nancy Pelosi hurt my feelings. Boo hoo. That's why I voted against the bill"
Anonymous House Republican

Posted by: AB68 | September 29, 2008 3:53 PM | Report abuse

I wonder what McHoover is saying about the fundamentals of the economy today!

Posted by: Tampaman | September 29, 2008 3:51 PM | Report abuse

We can now add Chapter 2 to McCain's absurdist tale of crazy campaign stunts, as now comes word that the McCain campaign was taking credit for the passage of the bailout . . . right before it was defeated!


As if McCain hadn't already made himself look ridiculous with his transparent posturing when he threatened to skip last week's debate, McCain somehow managed to one-up his own ridiculousness by attempting to take credit for the passage of the bailout bill . . . just moments before it crashed and burned.


The McCain campaign has gone beyond the Keystone Kops. I'm beginning to suspect that they don't actually have ANYONE running the campaign, that instead, surrogates just go out and say anything, anytime -- whatever pops into their head that they think at that moment will help McCain. How else to explain the complete disarray, the complete lack of foresight, and the complete jumble that is their "message."


Enjoy this priceless gem from this morning, as the McCain campaign reduces him to the role of clueless clown once again:


"John McCain's presidential campaign claimed credit as Congress readied Monday to vote on an emergency economic package, but Democrats said the Republican's last-ditch intervention had been no help."

"Mitt Romney, McCain's erstwhile rival for the Republican nomination, said the deal on a Wall Street bailout worth up to 700 billion dollars would never have happened without the Arizona senator."

"Speaking on NBC television, the former Massachusetts governor said "this bill would not have been agreed to had it not been for John McCain."

"That doesn't mean that he's the only guy doing that. And there many people ... who have been critical to it," Romney said.

"But, you know, this is a bipartisan accomplishment, a bipartisan success. And if people want to get something done in Washington, they just watch John McCain," he said.

"He's been the guy whose name is at the top of major pieces of legislation for a long time."


Here's some more "straight-talk", my friends:
.
http://news.yahoo.com/s/afp/20080929/pl_afp/usvote_080929144550;_ylt=Ag6nlC00hhcp5toDiOoPyaupg9IF
.

Posted by: DrainYou | September 29, 2008 3:50 PM | Report abuse

Madame PeLousy couldn't even deliver her own votes. the worst speaker in history has wrecked our lives

Limp wrist harry Reid is hiding under his bed, quivering that he has no idea what to do.

Barack hussain Obama doesn't have cell service so he is not able to phone it in and vote PRESENT this time.

Barney Fig, Upchuck Schumer and Chris Dodd are busy counting their donations so they are busy, too busy to point fingers away from their culpability.

You nitwits wanted the Dems in charge of Congress. reap what you have sown. Only took them two years to destroy decades of prosperity.

Posted by: king_of_zouk | September 29, 2008 3:46 PM | Report abuse

Authentic problem-solving is about getting past all the complexities to the underlying truth.

The underlying truth was that the bailout was a "top-down" solution based on the long-disproven premise of "trickle-down" economics. The underlying truth is that this economy is based upon consumerism and, if it is to be REALLY rescued, it is the consumer who needs to be bailed out.

And bailed out FIRST, not last...

The Paulson plan was a bandaid on the self-inflicted head wound of his fellow Wall Street CEO's when America's authentic source of wealth is the value produced by its working class consumers.

The bailout as it was structured merely passed the pain down the road a bit and put the ultimate burden on Main Street anyway.

Bottom line? It was all just an illusion. A gossamer-thin disguise on a gargantuan golden parachute for Wall Street's players.

The real truth is that, in America, we've been living like drunken sailors, giddied by our rampant consumerism. And this, dear Chris, is just the first hour of what has always been the inevitable hangover.

The only real solution is to face what is. We must get past our collective fear of what's coming and just deal with it.

Like adults.

And to stop running away from what we HAVE made.

It's time to consider the awesome truth that our government was designed to protect THE PEOPLE. And the people, in our collective wisdom, have said NO to the Paulson lie. Come what may...

Posted by: miraclestudies | September 29, 2008 3:46 PM | Report abuse

IF THEY WERE REAL LEADERS THEN THEY WOULD HAVE GONE HOME AND EXPLAINED TO THEIR CONSTITUENTS WHY THIS BILL IS SO IMPORTANT. THIS IS BUSH'S ADMINISTRATION, BUSH'S BILL AND BUSH'S FAILURE TO DIRECT HIS PEOPLE TO OVERSEE THE THE MARKETS...THE DEMS DID THEIR PART...

AMERICANS NEED TO EDUCATE THEMSELVES SO THEY DO NOT FALL FOR POLITICAL TRICKS...THERE IS NO WAY IN THE WORLD THAT THE DECIDER BUSH WOULD HAVE ADMITTED TO SUCH A HUGE FAILURE IF IT WERENT REAL. WHY DID THE GOPERS ARE PLAYING POLITICS WITH OUR RETIREMENTS...ARENT YOU GLAD THAT SOCIAL SECURITY PRIVATIZATION DIDNT PASS???

Posted by: Beka13 | September 29, 2008 3:39 PM | Report abuse

No analysis of the failure of the Wall Street bailout vote can be complete without identifying that the Congress has been flooded with e-mails, phone calls and letters from John Q. Public opposing the welfare for the rich program. The American people want to ensure that those corporate CEO's who were responsible for this mess also serve some jail time.

The American people do not want to privatie profits and socialize debts.
The current Wall Street is the inevitable result of the GOP philosophy. Thus, there is some poetic justice in the fact that so many of the GOP will be thrown out of office come November.

Posted by: lavinsr | September 29, 2008 3:33 PM | Report abuse

The representatives correctly represented the wishes of those whom they represent.

Imagine that?

Some call it democracy.

Posted by: info42 | September 29, 2008 3:32 PM | Report abuse

Mccain clocked this as an almost military effort. "All hands on deck" "I was a fighter pilot" and so on. So Mccain went to washington to tell his troops what they had to do. A commander needs troops who will charge when he orders them to, not say, "Wait I want to think about this for a minute". Mccain is not the leader of his party he may think he is.


==========
Obama has no blame in this. McCain was the one who staked his economic future on being able to cobble together a GOP coalition to pass the bill. His efforts were weak (what did he really do to push the bailout?), but he still couldn't even accomplish that. Very bad day for McCain...

http://www.political-buzz.com/

Posted by: parkerfl1 | September 29, 2008 3:20 PM | Report abuse

Posted by: popasmoke | September 29, 2008 3:29 PM | Report abuse

It's nice to see that McCain has still suspended his campaign until there's a bailout deal....oops...maybe not.


McCain is still phoning it in:


How out of touch is McCain with his own campaign? Today during a speech in Columbus, Ohio, McCain was still peddling the fiction that he had "suspended" his campaign last week, saying:


"You know, remarkably, some people have criticized my decision, but I will never, ever be a president who sits on the sidelines when this country faces a crisis. I know that many of you may have noticed, but it's not my style to simply "phone it in."
.
http://www.politico.com/blogs/jonathanmartin/0908/McCain_to_do_round_of_network_interviews_tonight.html?showall
.


Except that McCain did phone it in.


"John McCain is staying in Washington this weekend to keep working on the bailout legislation. He will not be visiting Capital Hill, however, preferring to work out of his campaign office"

"He can effectively do what he needs to do by phone,'' said senior adviser Mark Salter.
.
http://www.cbsnews.com/blogs/2008/09/27/politics/fromtheroad/entry4482838.shtml
.

Posted by: DrainYou | September 29, 2008 3:29 PM | Report abuse

KOZ. You obviously don't understand economic nor the current mess. A little education is in order. . The $700 billion bailout doesn't even scratch the surface. The amount of real debt is closer to $56 TRILLION!!! That was created by banks, financial institutions and American based multinational corporations. To put it simply, there are regulations governing the amount of reserves a bank must have on hand to make loans. What Wall Street did, as a part of a huge scam, was to establish shell insurance companies that insured debt, allowing financial institutions to bypass the regulations and leverage loans to absurd levels. Those same companies artificially inflated the value and security of those loan packages. Those loan instruments were sold to foreign investors in one of the most aggressive marketing campaign in history. That bad debt is held by virtually every foreign bank and millions of foreign investors, who essentially now hold worthless paper. All of this is due to a complete and PURPOSEFUL failure of government oversight. This White House allowed this to happen to garner both domestic and foreign support for the invasion of Iraq, Afghanistan, and their deranged globalization policies. Now, of course, it is all unraveling, but the idiots at the White House and you silly traditional economists haven't got a clear picture of what happened, even the amount of exposure. What you have is a bunch of "hope". Allow me to disabuse you. Our economy is going to collapse. The economies of the world will enter a horrific recession, but they will abandon the U.S. They are, you see, angry at us, and are starting to wake up to the fact that WE caused this, WE defrauded them, WE/our government allowed a criminal syndicate of Wall Street and corporate insiders to run the largest scam in world history (USA! USA! USA!... morons, blithering idiots!)! SO, please excuse me for pointing out that the emperor is running around naked. Congress is belatedly trying to fix this mess, but even they are getting inkling that there simply isn't enough money to fix it. Our future is a dollar that will fall like a rock, ending up somewhere around 20 cents to the Euro. The prices of oil and other commodities will be pegged to the Euro because of this and the flight of foreign investment capital from the U.S. This is going to trigger hyper-inflation along the lines of post-WWI Germany, or, more accurately, pre-revolutionary France, as that is the path that history teaches us we are on. You are looking at 30% unemployment, a vicious cycle of violence and over-reaction by the government, resentment towards the wealthy and public employees that will fuel social unrest and wild schemes and promises of quick fixes, the phenomenal growth of quack religious and doomsday cults largely based on the Fundamentalist movement, ending in the death of the United States as an intact and functioning nation. I know, you think this is extreme, downright ghoulish, but I assure you that even a cursory reading of history will disabuse you of that notion.

There is one possible scenario where we survive and that would be the complete abolition of "free trade" and our participation in the global economy. We are going to be forced to anyways because, as the world’s largest debtor nation, we simply do not have enough money to repay the damage done to the world. Moreover, we have permitted our corporations and financial institutions to outsource jobs, production capacity, and technology to such an extent that we even lack the means to create jobs here. Worse, we permit our universities and colleges to place foreign students before U.S. students in admission for engineering and science and computer programming education. We have done this for ten years, now, and have lost an entire generation of technical talent. Discouraged our own students from majoring in those essential subjects by allowing corporations to fire American engineers and displace them with cheap foreign guest workers by such foolhardy stunts as the H1-B and L-1 visas. End those, end them right now. Force public schools to grant admission preference to U.S. students. End outsourcing by enacting taxes on corporations that practice this and bring back trade tariffs, duties and fees. Use the Sherman Anti-Trust Act to break up large corporations so their fall does not bring the government down with them. Regulate Wall Street and financial institutions. Create a federal task force to investigate and punish all of those who created the fraud, both the criminal conspiracy that allowed our finance industry to create the gigantic shell game of insurance coverage that encouraged those fraudulent loan package creation and sale. Round these rats up and put them in prison, execute as many of them as we possibly can, if for no other reason than to purge our national humiliation. Then, work; re-dedicate this country heeding the warnings of Jefferson and the other Founding Fathers - regulate, regulate, regulate, and don't trust bankers or investors.

Posted by: mibrooks27 | September 29, 2008 3:25 PM | Report abuse

Shocking Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis


http://www.youtube.com/watch?v=_MGT_cSi7Rs&eurl=http://5.gmodules.com/ig/ifr?pid=dell&url=http://www.google.com/ig/modules/youtube_videos.xml&nocache=0&up_pre

Posted by: king_of_zouk | September 29, 2008 3:21 PM | Report abuse

The reason this failed is really quite simple. Fox News and "politics". If you listened to Dick Morris on Hannidy this past week you got an idea of what the right was up to They were going to shove the bailout onto the laps of the Democrats and use public anger over that as a horse to ride into the election waving their new populist banner. Well, the Democrats TOLD THEM that they either supported THEIR presidents legislation or the deal was off. Worse, McCain, rumor has it, was going to vote against this and beat Obama over the head with it. Well, these fools just got their bluff called. So, KOZ and all of you other right wing fools, enjoy you stay in the hole you dug for yourselves and the country. It's going to be a long stay and the coming storm is going to make it wet and unhealthy. Oh, and since we wont have anything like national health insurance because of your folly, make sure you don't get sick! There wont be anyone to take care of you and you could die down there.

Posted by: mibrooks27 | September 29, 2008 3:20 PM | Report abuse

Obama has no blame in this. McCain was the one who staked his economic future on being able to cobble together a GOP coalition to pass the bill. His efforts were weak (what did he really do to push the bailout?), but he still couldn't even accomplish that. Very bad day for McCain...

http://www.political-buzz.com/

Posted by: parkerfl1 | September 29, 2008 3:20 PM | Report abuse

Better not bank on Barney Frank
He brought the (fiscal) house down

By Michael Graham | Tuesday, September 23, 2008 | http://www.bostonherald.com | Op-Ed
“I want [Freddie Mac and Fannie Mae] to help with affordable housing, to help low-income families get loans and to help clean up this subprime mess. Otherwise, why should they exist?”

- Rep. Barney Frank, earlier this month.

The Subprime Panic of ’08 and its $1 trillion (and rising!) price tag is too big to blame on any one man. But if we had to, it would be Newton’s own Rep. Barney Frank.

As Winston Churchill might have put it, never before has one man done so much that was so wrong, or shafted so many on behalf of so few.

Entire business sections of newspapers, including this one, have been dedicated to explaining how we got into this mess, and still the typical taxpayer is asking “So what happened?”

The answer is actually quite simple: Freddie and Fannie happened. And they couldn’t have without the ferocious support of Barney Frank.

Freddie and Fannie were supposed to be safe suppliers of mortgage money for relatively low-risk loans. If you could qualify for a loan, F&F would make sure the banks had access to the money to make that loan, cheap money because it was backed by the American taxpayers.

But liberals like Barney Frank wanted more. They wanted the low cost of low-risk loans to be extended to higher-risk borrowers with lower incomes, fewer assets or less-solid credit. Barney and friends used the regulations of the Community Reinvestment Act to threaten lenders into making these loans. And banks, trying to meet Frank’s demands, expanded riskier lending schemes like subprime mortgages.

That’s when Freddie and Fannie stepped in. As Kevin Hassett of the American Enterprise Institute put it: “They fueled Wall Street’s efforts to securitize subprime loans by becoming the primary customer of all AAA-rated subprime-mortgage pools.”

Lenders asked themselves, why should I care how shaky these borrowers are or risky the loans if a government-backed body is going to buy them up anyway?

The loans were made, the housing market bubbled, contributions from F&F flowed to Democrats like Chris Dodd and Barack Obama, and everyone was happy. Until they weren’t.

Without Freddie and Fannie’s reckless expansion, the housing bubble doesn’t happen. Without the implied promise behind F&F’s money, investment banks don’t dive into the derivatives market.

Instead, we did it Barney’s way.

Not only has Frank spent his career stopping any real reform of Fannie and Freddie, he repeatedly insisted they weren’t backed by the taxpayers. “There is no federal liability whatsoever,” Frank said in 2000.

But two weeks ago, we had to bail them out with $200 billion in our tax dollars.

Alan Greenspan, John McCain and others warned that F&F were taking on too much risk, but Frank dismissed these “overblown” fears as ideological attacks against his favorite cash cow. Even after Franklin Raines and Joe Johnson were caught red-handed mismanaging these institutions, Frank still insisted “we are not facing any kind of crisis.”

Just how deep in the Fannie/Freddie tank was he? As The Wall Street Journal reports: “Mr. Frank was publicly arguing for an increase in the size of their combined $1.4 trillion portfolios right up to the day they were bailed out. Even now . . . he opposes Treasury’s planned reduction in the size of the portfolios starting in 2010.”

Our markets have collapsed, we’re paying through the nose, and Barney Frank is still fighting to keep Fannie and Freddie on the dole.

Why? Because in his mind, the point of Fannie/Freddie is taxpayer-subsidized housing for low-income borrowers - no matter how bad their credit or how high the cost.

“Otherwise,” he asks, “why should they exist?”

And what about us, the responsible borrowers and hard-working taxpayers stuck with the trillion-dollar tab? In Barney’s world, that’s the only reason we exist. He spends. We pay.

This truly is Barney Frank’s bailout.

Posted by: king_of_zouk | September 29, 2008 3:18 PM | Report abuse

Republicans - "We decided to let the economy go into a tailspin, but don't blame us, blame Pelosi's speech." You have got to be kidding me.

Posted by: nat22784 | September 29, 2008 3:16 PM | Report abuse

Republicans - "We decided to let the economy go into a tailspin, but don't blame us, blame Pelosi's speech." You have got to be kidding me.

Posted by: nat22784 | September 29, 2008 3:16 PM | Report abuse

Republicans - "We decided to let the economy go into a tailspin, but don't blame us, blame Pelosi's speech." You have got to be kidding me.

Posted by: nat22784 | September 29, 2008 3:13 PM | Report abuse

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