Home > Thinking Right > Archives > 2008 > October > 01 > Entry
Congress is a Dead Zone
The Atlanta Journal-Constitution
The inability of Congress to function, even in time of crisis, tells us all we need to know about the future of bipartisanship. It’s dead — and that’s certainly true so long as Nancy Pelosi is Speaker of the House.
The Senate will take a crack today at reviving the bill her rhetoric caused to be killed on Monday. One element certain to be added would increase Federal Deposit Insurance Corp. protection of bank accounts from the $100,000 set in 1980 to $250,000. That should be done. It was among the approaches recommended by House Republicans and both John McCain and Barack Obama favor it.
Another provision they recommend would address the regulatory problem that has fueled the panic. Financial institutions are required to write down the value of assets to market values, even when they intend to hold them long-term. Accounting rules require them to adjust the book value even when the market is in chaos. Some modification is warranted to keep the rule from pushing companies over the edge when the mob is in stampede.
The Senate will also add provisions from a tax bill that now won’t get through Congress because of the wasted days earlier in the year. The trick is to keep it from becoming a Christmas tree for pet projects and special interests. That’s often what “bipartisanship” means: Both parties agree to their own treats.
And then there’s the Pelosi House still to act. In Pelosi’s view, no crisis is too pressing or severe to bypass the opportunity for a partisan cheap shot. Any chance the House had of passing the bailout earlier failed with Pelosi at the helm offering partisan commentary such as this:
“[W’hen 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, she continued, “believe in the free market, which can and does create jobs, wealth, and capital. But left to its own devices, it has created chaos.” And to prevent that, the wise and loving hand of government regulators will pick the winners and losers and apportion the blessings throughout America, as Democrats see as fair and just.
Pelosi is certainly no authority on what conservatives or Republicans believe. Nevertheless, her inability to discipline herself at a crucial time did undoubtedly drive Republicans into opposition. It could have passed anyway, had she spent the time railing against the evil Bush in trying to persuade some of the 95 Democrats who voted against it to vote yes.
The point though, really, is that Congress and the House especially is a dead zone, so deeply mired in partisan politics that it has ceased to function. That’s been the hallmark of Pelosi’s “leadership.”




DEL.ICIO.US
Comments
By Manny
October 1, 2008 8:21 AM | Link to this
Congratulations! You found a scapegoat!
By Cherokee
October 1, 2008 8:38 AM | Link to this
Jim even the republicans are backing off their original whine, that Pelosi hurt their feelings so they voted no. Even Limbaugh made fun of the silliness of that argument.
But I guess no attack is beneath you, huh.
By yankee
October 1, 2008 8:40 AM | Link to this
What’s new, it hasn’t functioned in my 62 years.
By Southern Democrat
October 1, 2008 8:41 AM | Link to this
I am curious to see how my good friend Jbmlaw reacts today. I, for one, was delighted to see Congress put the brakes on what the markets have demonstrated was a too-hastily put together bill. I think 98% of us agree that something has to be done (and I admit that I thought the bill was the way to go), but the legislature did not think that the Monday bill was the way.
Congress, of course, is our only democratic institution and, therefore, should most closely reflect the will of the people. It is easy for both the left and right to condemn the body as “do nothing” or “hyperpartisan” because the insults are flung at a group made up of 535 people from both parties (even some independents) and from all over the country. When you insult a chief executive, it can get more personal. Congress has done its job (finally) and halted a gross expansion of executive power masterminded by that member of no branch of government, the Office of the Vice President.
Blaming Nancy Pelosi is nonsense. The American people, through their representative body, said no.
By hillbilly ragger
October 1, 2008 8:45 AM | Link to this
Manny @ 8.21, yeah, he found a scapegoat… about a day late, long after self-respecting Republican congressman publicly scoffed at the notion that Pelosi’s speech was what somehow forced them to vote against the House “rescue/bailout” bill.
By pdpmishap
October 1, 2008 8:45 AM | Link to this
If you honestly believe that a few digs in a speech were enough to switch exactly enough votes…then you are truly the most sensitive conservative I’ve ever seen. I thought these are grown men & women, hardened under years of partisan politics. Democrats have been called (insert your choice of insulting adjective) liberals until it became a pejorative.
Both sides are being babies. Democrats for not being able to resist scolding Republicans and Republicans for agreeing to pass and then changing their mind(definitely not b/c of Pelosi’s diatribe). Bipartisanship is dead just before an election and it’s not b/c of Madam Speaker.
By Redneck Convert
October 1, 2008 8:50 AM | Link to this
Well, I’m halfway scared of getting on this blog today after Sister Dusty jumped me with her claws out and fangs bared yesterday. In the past couple weeks she’s called me a MCP, a undercover lib, and a disgrace to the lowest trailer park, and told me to drive my beer truck back to the Bronx.
I don’t mind most of the stuff, but being accused of being a yankee really hurts. A GA redneck got some pride, I reckon. Anyhow, I hope she took a real strong laxative yesterday and is in a better mood today. It don’t look as though we’ll be dancing together anytime soon, but that’s OK.
Anyhow, I agree Congress is a do-nothing bunch. It was doing alright till the librul Democrats took over in 2006. You might of knowed a bunch of Democrats can’t do nothing right. Like I said before, this Wall Street bailout bill got to pass. You can’t have Trickle Down if there’s nothing to trickle down. I been waiting all these years for some money to start trickling down to me, and just when I’m about to start getting it, Congress shuts off the spigot. I guess I’ll have to keep driving this beer truck till somebody turns it back on. When the big boys get too many bonuses on Wall Street, they’ll decide they have to spend some of it. And I’ll be right there to start putting some of it in a bushel basket.
The godly Republican party done told us all these years that us little people will start getting rich when the big people get rich, and I beleive it. The flow is mighty slow, but sooner or later the money will reach us. I just hope I’m not pushing up daisies when it gets here.
Tell that guy that keeps thinking about the missus to build his own and stop lusting after mine. His wife won’t never get over 300lbs. if he keeps feeding her salads and junk like that. Take her to Ryans a couple or three times a week. Then put the extra joists under the floor and watch the fun begin. Have a good day everybody.
By Shawny
October 1, 2008 8:50 AM | Link to this
Pelosi is the biggest hack to ever run the House. She can’t make one statement without preceeding it with a Bush bash. Now her and Barney Frank, and all the lib editorialists say that it is the republicans fault that the house bailout bill did not pass. Who has the majority in the house now? They can’t even get their own party to buy that bailout garbage, then try to blame it on the minority party. Idiots.
By Churchill
October 1, 2008 8:51 AM | Link to this
Today’s Palin, Jim you have to do better on this subject
Past Debates Show a Confident Palin, at Times Fluent but Often Vague By KATHARINE Q. SEELYE Published: September 30, 2008 Not since Dan Quayle took the stage in 1988 have debate expectations for a major party candidate been as low as they will be on Thursday for Gov. Sarah Palin of Alaska.
A newcomer to the national scene, Ms. Palin has given little indication that she has been engaged in a serious way in the pressing national and international issues of the day.
But a review of a handful of her debate performances in the race for governor in 2006 shows a somewhat different persona from the one that has emerged since Senator John McCain, Republican of Arizona, named Ms. Palin as the vice-presidential nominee a month ago.
Ms. Palin, a former mayor who had become a whistle-blower about ethical misconduct in state government, held her own in those debates. (There were almost two dozen in the general election alone; she skipped some, and not all were recorded.)
She staked out a populist stance against oil companies and projected a fresh, down-to-earth face at a time when voters wanted change. That helped her soundly defeat Frank H. Murkowski, the unpopular Republican governor, in the primary and former Gov. Tony Knowles in the general election.
Her debating style was rarely confrontational, and she appeared confident. In contrast to today, when she seems unversed on several important issues, she demonstrated fluency on certain subjects, particularly oil and gas development.
But just as she does now, Ms. Palin often spoke in generalities and showed scant aptitude for developing arguments beyond a talking point or two. Her sentences were distinguished by their repetition of words, by the use of the phrase “here in Alaska” and for gaps. On paper, her sentences would have been difficult to diagram.
John Bitney, the policy director for her campaign for governor and the main person who helped prepare her for debates, said her repetition of words was “her way of running down the clock as her mind searches for where she wants to go.”
These tendencies could fuzz her meaning and lead her into linguistic cul-de-sacs. She often used less than her allotted time and ended her answers abruptly.
When questioned about the nuts and bolts of governing, Ms. Palin tended to avoid specifics and instead fell back on her core values: a broadly conservative philosophy and a can-do spirit.
“My attitude and my approaches towards dealing with the complexities of health care issues,” she said in an AARP debate in October 2006, “is a respectful and responsible approach, and it’s a positive approach. I don’t believe that the sky is falling here in Alaska.”
These patterns could help explain why the McCain campaign negotiated for less time for discussion in her debate Thursday with Senator Joseph R. Biden Jr. of Delaware than the presidential candidates had in their debate last week.
Ms. Palin was not always at her best when questioned by her opponents in the governor’s race.
In the AARP debate, Mr. Knowles and Andrew Halcro, an independent, double-teamed her to press her about how she would pay for health care.
In response to Mr. Knowles, she mentioned “certificates of need” and said they had been inflexible, “creating an environment where a lot of folks are lacking the receiving of their health care that is needed in some of the areas, especially in some of our larger markets.” She added, “The State of Alaska needs to be looking specifically at that inflexibility that exists today in order to fill some of the market needs that are out there in Alaska in our larger markets.”
She then added, “I can’t tell you how much that will reduce monetarily our health care costs, but competition makes everyone better, it makes us work harder, it does allow reduction in costs, so addressing that is going to be a priority.”
Mr. Knowles was nonplussed, saying that he did not understand her answer and that Ms. Palin had missed the point.
Mr. Halcro asked how she would pay for critical health care programs.
“Well, the point there, Andrew,” she said, “is that these are critical, and again it’s a matter of prioritizing and it’s a matter of government understanding its proper role in public safety, is health care, so it’s a matter of priorities.”
Mr. Halcro called her answer “political gibberish.”
But other times, she gave direct answers that appealed directly to her audience. The candidates were asked in a debate on Aug. 17, 2006, by a rural resident via video whether they would restore a longevity bonus for senior citizens, a payment intended to keep them from leaving the state.
“No,” Mr. Murkowski said gruffly. John Binkley, a third candidate, said yes. Ms. Palin’s response was filled with emotion.
“Yes, our precious, precious elders,” she said, looking into the camera. “For those who were prematurely lopped off, I am so sorry that that has happened to you.”
But generally, her voice carried surprisingly little affect.
“In tone, manner and sometimes even language, she treated every issue exactly the same,” Michael Carey, the former editorial page editor of The Anchorage Daily News, wrote in an essay about Ms. Palin. “She gave no suggestion that some issues are of higher priority than others. Her voice was cheerful, up-tempo, optimistic, never off key but always in the same key.”
Perhaps her strength in debating was coming across like an average person who understood the average person’s needs and would not be expected to have detailed policy prescriptions.
She also neutralized some of her conservative social views. She said intelligent design should be taught in schools — along with evolution. She said she favored the teaching of abstinence — along with the teaching of sex education. “Let the kids debate both sides,” she said.
She was not a particularly aggressive debater, and she rarely took an opportunity to challenge her opponents. But when pressed, she could be tough. In a roundtable discussion in October on the “Bob and Mark Show,” Mr. Halcro suggested that Ms. Palin had not attended enough debates.
“It’s been a year today that I’ve been on the campaign trail,” Ms. Palin responded, “attending many, many more forums, more debates, than either one of you, Tony and Andrew, because I had a primary opponent. You know, you got to have the balls to take it on in the early part of a campaign, and not just go right to the big show.”
By jm
October 1, 2008 8:51 AM | Link to this
I wonder why Mr. Wooten did not mention the leadership provided by W that convinced the majority of his party to vote against him. Like they say, W has gone from a lame duck to a dead duck.
By Ragnar Danneskjöld
October 1, 2008 8:55 AM | Link to this
Good morning all. I respectfully disagree with our host on a core argument; while Madame Moron probably hardened attitudes among thoughtful conservatives, she probably was not the principal reason conservatives voted against the bailout. Yesterday’s WSJ suggested the early-morning Republican caucus whip vote was 70 votes for the “rescue” and then Treasury Secretary Paulson – a democrat - came by to pitch the program and thereafter the whip count was 20 votes for the “rescue.” When the Idiot of the House thereafter falsely attributed the housing bubble to unspecified “deregulation” and unspecified sins of President Bush, instead of the obvious causes, I suspect there were few conservatives left sufficiently respectful of her politics to give even surface support for her position at all.
It is a true shame America has not seen more of the failed author’s intellectual capacity, as she is truly one of the stupidest people who ever found her way to a position of power. Typical MSM, covering up the real story, by hiding it. On the assumption that democrats retain control of the house, I hope they have the good sense to put the more deserving Steny Hoyer into the Speaker position.
What will the Senate do? Hard to say. The best bill would be de minimus. Additional FDIC insurance would have little true effect on the liquidity problem – there the real problem is the lack of confidence between banks, and I suspect only time will cure the mistrust. The SEC has already moved to eliminate the “mark to market” rule on the currently untradeable FNMA/FHLMC mortgage packages, thus eliminating an “appearances” problem (institutions appeared to be in worse shape than actual under the old rule, due to the odd marketing problem.)
Otherwise there is nothing in the proposed “rescue” that addresses the causes of the housing bubble and inevitable meltdown. Reminder of causation for all, with jbmlaw weights:
(1) liberal money policy of Fed for the past six years, holding interest rates below inflation rate (50%);
(2) lack of limits at FNMA and FHLMC, both in quality and quantity, due to Congressional inaction (and primarily due to filibuster threat by Senate democrats) (40%);
(3) CRA, HMDA, Fair Housing, and ECOA – laws which punish bankers for failure to lend to “protected classes,” creating a climate of lax analysis of minority and female credits (10%).
Will the Senate band-aid cure the problem – obviously not, but I think nobody sees the legislation as anything more than an incredibly expensive patch. The true cures are nearly cost-free, but undermine leftist political philosophy, and that is not going to happen in an election season.
By Shawny
October 1, 2008 8:56 AM | Link to this
Speaking of the death of bipartisanship, and Pelosi’s inability to rally anyone including her own party around this bailout, here she goes doing something she voted to stop. Quite telling, I might add.
“House Speaker Nancy Pelosi has directed nearly $100,000 from her political action committee to her husband’s real estate and investment firm over the past decade, a practice of paying a spouse with political donations that she supported banning last year. “
By Bo Chambliss LOBBYIST
October 1, 2008 8:56 AM | Link to this
Do you know the difference between the 7 CONSERVATIVE Republican Georgia Congressmen and the RINO Senator Saxby Chambliss? The $1,322,000.00 that Saxby got from from Banks, Insurance Companies, & Real Estate Interest. Saxby takes care of business just not the Georgia Taxpayer/Voter.
By walterrhett
October 1, 2008 9:00 AM | Link to this
The “mockery of democracy” continues as the party of Phil Gramham, Karl Rove, Lee Atwater cry and leave the field because the Speaker bloodied their noses! Please, in the name of Thomas Paine, a little common sense here. Simply the Republican caucus failed to support their President’s bill. By any measure, Pelosi is not responsible for gathering votes across the aisle, epecially when the other party’s own leadership is unable to do so. To blame a speech in a time of national crisis seems not only self-serving but surreal.
By The Anti-Wooten
October 1, 2008 9:09 AM | Link to this
Another Palin gem, consistent with the entire Palin/McBush strategery for this election cycle. Nothing of substance, nothing of honesty and no answers.
Still, she has her strengths. And many Alaska political observers have advised against underestimating her. Several former rivals have pointed to her uncanny ability to make emotional connections with voters, even when she can’t answer a question. Andrew Halcro, who lost the governor’s race to Palin in 2006, wrote in the Anchorage Daily News last week that she was unintimidated by his mastery of policy details.
“Andrew, I watch you at these debates with no notes, no papers and yet when asked questions you spout off facts, figures and policies and I’m amazed. But then I look out into the audience and I ask myself, ‘Does any of that matter?’ ” he recalls Palin telling him after a debate.
By Ga Values
October 1, 2008 9:11 AM | Link to this
Just got off the phone with my CPA & he has me worried. He says changing the “mark to market” means that banks do NOT have to write down their bad assets. In other words if your bank finds out that they have loaned someone’s poodle $500,000 & the poor dog doesn’t have a job & never has had a job-the bank will carry it on the books for $500,000 not $0. Only a fool would invest in a situation like this. What does that say about the $700,000,000,000.00 we are getting ready to throw away? I was planning to buy some stock next week but now think I’ll stay in cash. Thank goodness Georgia is blessed with 7 conservative Republican Congressmen.
By D.N. Nation
October 1, 2008 9:12 AM | Link to this
fivethirtyeight.com
Still think it was brilliant for McCain to suspend his campaign, Jim?
By ron
October 1, 2008 9:15 AM | Link to this
Good morning Jim,As much as I dislike Nancy Pelosi,I can’t give her credit for torpeoding the Republican vote with her speech.Many voted no on principle .The principle that the market is self correcting.Some voted no because their constituents asked them to in a loud,clear voice.Some voted no because they wanted addendums to the bill.Those were added.Suspending mark to market accounting practices and giving more protection to depositors will change enough minds to pass the bill next vote.It has changed my mind.I would now ask my Representative and Senator persons to approve the bill.
I would like to see people held accountable for this financial mess but I know I’m dreaming when I wish that.
This isn’t over by a long shot.There are too many equity negative houses out there whose owners that are currently paying the mortgage payments will choose to default.This will set up another round of price drops and will put more equity negative in the system.A vicious cycle that needs to be broken.Let’s hope this $700 billion dollars is enough to satisfy the bankers.
I quickly calculated the value of the equity negative houses with the figures I have available and the number had 12 zeros on the end.
By Captain Freedom
October 1, 2008 9:15 AM | Link to this
THE Captain is loathe to interfere with Mr Wooten’s valiant efforts to gin up a groundswell of blame for the Pelosicrats. Surely, if anything is true in this cruel world, it is that That Woman’s harpy hectoring is enough to drive any sane man to despair. It is no wonder that Our Noble GOP representatives were so emotionally wounded that they inadvertantly hung both Our Leader and Johnny Maverick out to dry on the bailout, er um, rescue vote. I hear Leader Boner is still begging for the return of his te5ticles.
But THE Captain must insist on His diversion, as a more important issue has reared its fetal head. The following is a quote from Sarah Plain:
And if you’re asking, though, kind of foundationally here should anybody end up in jail for having had an abortion, absolutely not. That’s nothing that I would ever support.
Just let that sink in for a minute.
THE Captain has been foursquare in His support of Sarah Plain, and has festooned His vehicular conveyance with dozens of stickers proclaiming His adoration.
But this just takes the biscuit. Sarah has now stood arm in arm with the abortionist wing of the Islamunistofascist Liberals, and lends her support to the idea of amnesty for the slatternly trollops who blithely choose to have abortion. This heresy shall not stand.
For if We as A Nation are not willing to sternly persecute those women who discard a foetus as casually as a kleenex, to hunt them down and tear them from their lives of flippant promiscuity and lock their promsicuous hides away where the sun don’t shine, then We as A Nation have failed.
THE Captain stands with Sister Dusty in his desire that any woman who chooses the easy route of abortion shall be vilified, shamed, and jailed as a just reward for their sins. How can we look our blastocyst-Americans in the eye unless we are willing to take our unshakable opposition to abortion to its logical extreme?
Jailing women who have abortions. It is the Right Thing to do.
Oh, and their doctors, too!
By Ragnar Danneskjöld
October 1, 2008 9:18 AM | Link to this
Dear Southern @ 8:41, please pardon my atypical hyper-partisan attack on a particularly culpable target – she deserves it, so my apology is to you, for your feelings, rather than for my criticism of her. I think from a broader perspective you and I agree on the need for thoughtful legislation rather than the rush job. For the past week I have heard, in my mind, that famous line from Blazing Saddles, wherein the governor advises his staff that, “We’ve got to do something to protect our phoney-baloney jobs.” Can I get a harumph?
By Peter
October 1, 2008 9:20 AM | Link to this
YES JIM…….
After 8 years of Bush, and his Raping the country monetarily……………………….Congress is NOW a DEAD ZONE !
Gee I am sure it is ALL CONGRESS Fault we have a WAR in 3 countries, and we have over a Trillion Dollar DEFICIT!
Yes Pelosi has not been disciplined…….HA HA HA !
Must be because REPUBLICANS are Soooooooo Conservative with the MONEY !
By lovelyliz
October 1, 2008 9:21 AM | Link to this
Partisanship did niot begin with Nancy Pelosi. Just ask Karl Rove if you don’t believe me.
By Dennis
October 1, 2008 9:21 AM | Link to this
Mr. Wooten writes, “Any chance the House had of passing the bailout earlier failed with Pelosi at the helm….”
Your column is not bipartisan in any way, is it Mr. Wooten? You’d have Congress rush in to this financial mess just like it did with Iraq - half known facts, half planned, lies of an immediate impending crisis (Just like an old timmey hell and fire brimstone preacher, “Oh……..Jesus may come today……..Oh, don’cha wanna be saved….?….Today!…Today!…Today!”).
The truth is, Mr. Wooten, all you want to do is save the fat cats at the expense of those on the lower rungs of the financial ladder.
But the Senate is going to grant your “christmas” wish. You’re going to get your “free innerprize”.
“Fools rush in where angels fear to tread.”
You don’t have to be a blind conservative not to see it, just an ignorant one to deny it.
By Hillbilly Deluxe
October 1, 2008 9:29 AM | Link to this
Actually it looked pretty bi-partisan to me. Liberal Democrats and Conservative Republicans both voted against the bill. Maybe it was just a hasty and poorly thought out bill.
By Ragnar Danneskjöld
October 1, 2008 9:30 AM | Link to this
Dear WalterHett @ 9:00, I generally agree but would fine tune your arguments: (1) House republicans refused to support the Paulson plan – there was no “failure,” and (2) Madame Idiot failed to obtain sufficient votes from her own party to gain passage. That 30% abandonment rate by her party reflects her incapacity better than any action by the opposing party.
Dear GA Values @ 9:11, your accountant errs. The mark-to-market rule applies only to investment securities. The standards for bad debts are broadly unchanged. While the FDIC is giving banks some leeway where there is a thoughtful difference in perspective, the example you cite is beyond the pale. A better bad debt example is where a foreclosed property, previously valued @ $250,000, and now reasonably valued @ $200,000, will be marked to $200,000, rather than at the fire sale value of $160,000. The mark to market rule will apply only to those securities not held in a trading account. (Banks customarily have a significant portion of their assets – 15-20% - in comparatively liquid long term investments.)
By Ragnar Danneskjöld
October 1, 2008 9:35 AM | Link to this
Dear liz @ 9:21, you are correct. Rove and I would cite the Bork hearing as the beginning of hyper-partisanship, wherein Senator Kennedy politicized previously unpolitical judicial confirmation hearings. I note, parenthetically, that Senator Biden chaired the judiciary committee at that time, so I am undecided whether to mark him as active malicious participant or ineffective leader.
By findog
October 1, 2008 9:36 AM | Link to this
Dear Jim,
I think it was the invective hate speech from talk radio, mostly right but also left, that now dooms progress on nearly every front. I think it was Senator Dole who when taking over the leadership of the senate in 1995 said something to the effect that there would be some pay back. I think the hammer who created the K-Street Project was a Republican. I think it was Representative Chambliss who took the bipartisan good will of 9/11/2001 and trashed it with his vile 2002 senatorial campaign.
I think our senior senator labeling the failed bailout bill a democrat’s proposal is so far removed from a misspoken flub of a line that he will certainly be going to heck for, #9 – “You shall not bear false witness against your neighbor.”
I think as a citizen of the glass house community your rant at Speaker Pelosi is quite disingenuous. I think that any member of the House of Representatives who voted against his/her President and Country because of a single speech by the individual who most likely highlights every piece of campaign literature they use to scare up support and funds is a traitorous scoundrel and should resign prior to impeachment or recall.
I think the only thing scarier to a republican seeking reelection than, “a black man with a library card,” is a, “well informed electorate.”
I think that instead of working the problem you might offer to work the solution; however sometimes I think too much…
By Commander Guy
October 1, 2008 9:39 AM | Link to this
That 30% abandonment rate by her party reflects her incapacity better than any action by the opposing party.
Perhaps, ragweed, perhaps. But given that Bush threw his full weight behind passage, and that your McCain suspended his campaign to helicopter in to broker passage, what does the 60% abandonment rate of the GOP say about their incapacity?
Take your time, make it good.
By Shawny
October 1, 2008 9:39 AM | Link to this
The rejection of the house bailout bill was a bipartisan effort to kill a bad bill. Bipartisanship rules!
By Ragnar Danneskjöld
October 1, 2008 9:40 AM | Link to this
Dear GA Values @ 9:11, in my initial response I wrote clumsiily. The “mark to market rule,” formerly applied to all securities held for which a market value was reasonably ascertainable, will now apply only to securities held in a trading account. The investment securities will not be subject to the rule.
By Southern Democrat
October 1, 2008 9:43 AM | Link to this
Jbmlaw @ 9:18,
As you can probably imagine, I am no staunch supporter of the San Francisco Treat, Madame Speaker; I just do not think that her incompetency and/or missteps are worthy of the degree of blame that Mr. Wooten and others attempt to place.
By Davo
October 1, 2008 9:49 AM | Link to this
JW talking point of the day…
Play to the publics disdain for congress by confessing to the public that they are disfunctional and use politics over reason in their policies…then blame it on the dems.
The Big Bailout Senate to vote on $700b bailout Wednesday evening. Call the Capitol Switchboard to tell your Senators how you feel: 202-224-3121.
I say stop this thing now.
By NtC06
October 1, 2008 9:55 AM | Link to this
Left to the devices of dem regulating in favor of subprime loans, i.e. Fannie and Freddie, has brought the U.S. economy to meltdown.
Nowhere in the constitution does it read that revenue shall be collected for the purpose of social engineering.
STOP THE MADNESS!
By getalife
October 1, 2008 9:56 AM | Link to this
Which part of broken government do you not understand Jim?
Its not just Congress.
Watch both candidates screw the people today.
There is no change, just business as usual.
They will change the rules and laws to keep business as usual.
You do have a choice to fire them instead of mindlessly supporting them.
By zeke
October 1, 2008 9:57 AM | Link to this
It is time for republicans, conservatives especially, to say the hell with bipartisanship! YOU CANNOT NEGOTIATE WITH LIBERALS!! Best thing for this country is for liberals to go away, be soundly defeated, and die as a political agenda! Republicans have tried , especially over the last 30 years, and, what has it gotten? MORE SPENDING, MORE RIDICULOUS SOCIAL AND RACIST PROGRAMS, AND, HIGHER AND HIGHER SPENDING!
By Peter
October 1, 2008 9:59 AM | Link to this
Jim is for BAILING out WALL STREET………Follow Bush as a Lemming !
By JeremiahWright
October 1, 2008 10:02 AM | Link to this
Pelosi is the devil, no doubt. This country sunk to a new low when she became Speaker. It will sink even lower if Obama becomes Pres.
By Commander Guy
October 1, 2008 10:07 AM | Link to this
I am having a good laugh as Zeke - representative of the corpse of the dead and discredited conservative agenda - attempts to dance on the resurgent liberal movement in this country.
Face it losers. You put your faith in a half-wit and his gang of thieves. GWB has killed the conservative movement stone dead. Even your Sainted Ronnie couldn’t save you now.
You are reduced to McPalin as your standard bearer. Your philosophy of governing is in tatters. All you have left is your hatred of liberals, and even that is based on a thin foundation of cheap Limbaugh one liners.
Suck it up, Zeke, and repeat after me….
President Barack Hussein Obama.
Suck on that.
By Copyleft
October 1, 2008 10:18 AM | Link to this
The inability of Congress to function, even in time of crisis, tells us all we need to know… about the importance of providing Democrats with a stronger, filibuster-proof majority this November, if we want to get anything done.
Time to sweep the remaining fascists to the curb so they can quit interfering with the people’s business.
By Dusty
October 1, 2008 10:21 AM | Link to this
Well, let’s clear the air here a bit.
First…Jim Wooten has told the truth about Nancy Pelosi. That is neither partial or impartial, just honest. Human nature does not allow us to insult our coworkers and then expect them to work together willingly. The goals in Congress were questionable. Pelosi turned them into a hateful prejudiced production and it did not pass.
Second: The usual spam @ 8:51 by Churchill Copout
Third: New names for RedNeck Convert: PelosiPal, BeerBubba, FoolFerFats, DemDodger, ComicKook, BronxBlowHard, TrailerTrapazoid
Fourth: Captain Freedom aka CommanderGuy is off his rocker (as usual). Women having had abortions should not be in jail. They should be out out handcuffing the Romeos who romanced them. Romeo should be placed in jail and made to watch videos of a closeup actual procedure of abortion while hearing a lecture on chastity and condoms. The “ladies” have already been punished i.e. the loss of a child.
RagNar..Thanks for your information. Good to have someone who is knowledgable on econmics and finance.
By Davo
October 1, 2008 10:26 AM | Link to this
Commander Guy…
It’s not the conservative movement it was the republican movement. One is a philosphy and the other used to stand for it. Take a look at JW and you don’t see a true conservative. Take a look at Ron Paul and Peter Schiff and you do. We need to remove politics as much as possible out of the marketplace.
The Big Bailout Senate to vote on $700b bailout Wednesday evening. Call the Capitol Switchboard to tell your Senators how you feel: 202-224-3121.
By JLK
October 1, 2008 10:26 AM | Link to this
I love how the ever-deranged Hannity was going on last night about how McCain allegedly proposed stronger regulations for the financial industry in 2006, and “The DEMOCRATS blocked it!” Like Wooten, he thinks you’re stupid, and can’t remember that the Republicans controlled Congress in 2006, and the Democrats couldn’t block a punt from a six year old girl. Why do Americans enjoy having their intelligence insulted on a regular basis?
By Hillbilly Deluxe
October 1, 2008 10:31 AM | Link to this
There is an opinion that parties in free countries are useful checks upon the administration of the government and serve to keep alive the spirit of liberty. This within certain limits is probably true; and in governments of a monarchical cast, patriotism may look with indulgence, if not with favor, upon the spirit of party. But in those of the popular character, in governments purely elective, it is a spirit not to be encouraged. From their natural tendency, it is certain there will always be enough of that spirit for every salutary purpose. And there being constant danger of excess, the effort ought to be by force of public opinion, to mitigate and assuage it. A fire not to be quenched, it demands a uniform vigilance to prevent its bursting into a flame, lest, instead of warming, it should consume.
from George Washington’s Farewell Address-1796
By Chaz
October 1, 2008 10:34 AM | Link to this
Hey, I’m perfectly okay with Monday’s result. Democrats and republicans uniting to vote down bad, hasty legislation leaving both Pelosi and Bush stuttering to comprehend their own incompetence.
Don’t worry though, they’ll pick themselves up, dust off and pass something truly awful before they’re through.
By AmVet
October 1, 2008 10:36 AM | Link to this
Too funny.
Some of the reactionaries are STILL lamenting Robert Bork’s fate!!!
And citing that grand event as the GENESIS of the doctrinaires???
(And still blaming Biden!!!)
The biggest surprise was Senator Warner, who had been openly agonizing for weeks over the decision. The ranking Republican on the Armed Services Committee, Senator Warner is almost unfailingly loyal to the Administration. But in a brief speech on the Senate floor, he said that Mr. Reagan’s recent statement that the opposition to Judge Bork was a ”lynch mob” was ”unbecoming the office of the Presidency.”
Shamefully Ronnie, as President of the United States, was THE paragon for this nonsensical, hyperbolic and hyper-partisan rhetoric that was to become de rigueur in his party.
Senator Warner, who once served as a law clerk for a former chief judge on the court where Mr. Bork now sits, said that he wanted to support the nominee. However, he said: ”I searched the record. I looked at this distinguished jurist, and I cannot find in him the record of compassion, of sensitivity and understanding of the pleas of the people to enable him to sit on the highest Court of the land.”
In other words, Bork was one of the post-Nixon/Agnew ilk, but still early generation, of mean, little pr!cks that were to re-coalesce into the current crop of hateful, little neo-con pr!cks.
At least those earlier models had a modicum of intellect.
It, along with integrity, is no longer required by these faux conservatives.
And Newt the Nut was, and remains the undefeated champion, as the godfather of sleaze in Washington. (Though the head BushCo slimeball, Mr. Rove, tried like h&ll to unseat him).
And so we, as a liberal nation, return to where we should be - as Commander Guy notes at 10:07.
Thank (your favorite mythology here)…
By Ga Values
October 1, 2008 10:37 AM | Link to this
Ragnar Danneskjöld
October 1, 2008 9:40 AM | Link to this
“Dear GA Values @ 9:11, in my initial response I wrote clumsiily. The “mark to market rule,” formerly applied to all securities held for which a market value was reasonably ascertainable, will now apply only to securities held in a trading account. The investment securities will not be subject to the rule.”
Hope you are correct but my CPA stands by his position.. We are screwed any way, I hade to leave my Childeren this mess.
By Drew
October 1, 2008 10:38 AM | Link to this
JLK - Hannity may be deranged but you are too if you can deny the facts like that. Yes, the GOP had a majority, but damn if those dolts were ever ‘in control’.
By ben nielson
October 1, 2008 10:39 AM | Link to this
corporate media died at the hands of political partisanship favoring the leftwing agenda. compassion for our neighbor will be the next victim due to newly discovered facts about fannie m and freddie m. sad but true.
By Captain Freedom
October 1, 2008 10:39 AM | Link to this
THE Captain is deeply concerned with Sister Dusty’s persistent attempts to conflate the indentities of True Believers such as THE Captain and his dentally-challenged hickster compatriot Redneck, and her further attempts to attach random names to any and all who seem to twist her knickers to the sticking point, which it should be noted, is anyone not named Ragnar or Wooten or time for the meds.
That aside, even a blind pig finds the occasional truffle, and Sister Dusty embodies that old Common Sense phrase (in oh so many ways) as she espouses her Common Sense solution to the thorny question of just who should be punished for abortion.
Apparently, Sister D sides with Sarah Plain (because they are just alike, y’know) and shies from the necessary corrective of shaming and imprisoning any trampy tramp who uses abortion as a quick and easy means of contraception. This shocks THE Captain’s conscience, as such forgiveness can only lead our Strumpet American citizens to mistakenly infer that they have a choice, which is to be condemned. Shame on you, Dusty.
But Dusty is right on the mark when she suggests that the fetus daddy be forced to watch graphic footage of abortions. They’ll think twice about whipping out old John Thomas next time some floozie flounces her flomax, preferring instead to engage in some hearty male bonding with his peers. THE Captain recommends greco-roman wrestling as a surefire means of sublimating errant urges into a less fertile receptacle.
Further, THE Captain intends to take the burgeoning profits from THE Captain’s Pawn Service and Retail Emporium and invest in some Abortion Porn Re-Education Camps. THE Captain envisages a chain of these centers; He will simply expand his existing Driver Re-Education chain to include this court-mandated re-education offering.
THE Captain has long wondered how to monetize the surging abortion market to His advantage, but has hesitated because He is a Godly Christian. Now, He can profit and be part of the solution at the same time. God Bless America.
Profiting from the suffering of others…it is the Right Thing to do.
By AmVet
October 1, 2008 10:52 AM | Link to this
At the risk of being presumptive, is THE Captain asserting that Sister Dusty is one of the two mules for Sister Sarah?
And who/where is the other?
By Ragnar Danneskjöld
October 1, 2008 11:11 AM | Link to this
Dear Commander @ 9:39, fair question. President Bush abandoned the conservatives in 2002, to make nice with Sen. Kennedy (Education Bill), Sen. Daschle (Agriculture Bill) and Rust Belt Democrats generally (Steel Import Quotas.) Conservatives “owe” nothing to President Bush, and I think their “abandonment” reflects that non-relationship. Similarly, while I have argued that Sen. McCain has a “veto” over any bailout bill, it does not logically follow that he has any better relationship with the house conservatives than does President Bush. In contrast, the house democrats selected the Idiot of the House – their abandonment of her probably reflects either buyer’s remorse, or her tone-deafness in the legislation. While I argue the latter, I can appreciate a differing preference for the former. As to your 10:07, I think you grossly misread – I think the American public says, in no uncertain terms, that there is no appetite for a “big government” resolution here; this is clearly a preference for the conservative view and a rejection of the leftist view. I see Davo @ 10:26 makes much the same argument.
Dear Southern @ 9:43, well-argued. I agree with your perspective.
Dear Copyleft @ 10:18, your opposition to freedom, and your desire to subjugate Americans, is well-documented otherwise. Face it, the public does not want the big government solution here (or anywhere as best as I can tell.) Even Obama does not magnify the virtues of big government – constantly back-pedaling on his spending programs
Dear JLK @ 10:26, the Senate democrats, at the behest of Rep Barney Frank and to a lesser extent Sen Chris Dodd, advised the republicans that the democrats would filibuster reform of FNMA and FHLMC. We all agree that the FNMA and FHLMC lobbyists got their money’s worth in thus defeating McCain’s FNMA reform bill, and certainly the Messrs. Raines and Johnson and Ms. Gorelick benefited personally. Would you like to see the video of the democrats arguing against reform? It’s on youtube. Perhaps you would agree that all who spoke against the McCain reform bill should be defeated in the elections this year?
By Ben
October 1, 2008 11:12 AM | Link to this
In no way do In think Pelosi’s partisan attacks changed any votes, but it was as clear a sign of bad leadership as I’ve ever seen. Pelosi shouldn’t be running anything, much less Congress. And if Obama is elected, she will have even more power to do the wrong thing.
By Common Sense
October 1, 2008 2:48 PM | Link to this
Wow the Replublicans constantly blame the DEMOCRATS for not protecting the country even though 9/11 happened on Bushes watch.
Now that Pelosi blames the Republicans for the economy, I can’t take it! You hurt my feeling!
What we are seeing is the true nature of the CONSERVATIVE REPUBLICANS. I WANT TO GET ELECTED AGAIN.
COUNTRY Fifth on their list of priorites!
This is the weakest comments from Jimbo yet!
What next Governor Palin knows more about law the Senator Obama!
Has anyone heard any proposal from Senator McClain regarding the bail-out.
I see Mr. McClain has repeat what other advisers have said increase the FDIC limit.
McStupid did not say anything about reducing CEO compensation until after everyone in the world stated their opionion.
MsSame did not advocate the taxpayer should get some of this money back!
Did McChicken have anything to add except suspending his campiagn?
By Jungleland
October 1, 2008 2:50 PM | Link to this
Thank you to the reps. that voted against the bailout and to the Senators who are about to do the same. Look, the sky didn’t fall. Now it’s time for these people we elected to use their brains instead of OUR checkbooks to fix this
By Political Foreskin
October 1, 2008 2:54 PM | Link to this
Wooten suspends his credibility again with a blog that nobody can adhere to.
Jim. It’s going to take U a long time to revive your credibility. It’s like somebody is writing for you.
Anybody notice how they’re using yellow crime scene tape to cordon off the empty gas pumps? Is this irony or is the universe F’ing with us?\
I cant decide.
By ron
October 1, 2008 3:03 PM | Link to this
PoFo—-Crime scene tape at the pumps.It’s part of the new truth in retailing law that Sonny is working on.
By AmVet
October 1, 2008 3:18 PM | Link to this
Congress is indeed a dead zone.
And the White House is toxic waste dump..
By GaLiberal
October 1, 2008 3:19 PM | Link to this
Ga Values said: In other words if your bank finds out that they have loaned someone’s poodle $500,000 & the poor dog doesn’t have a job & never has had a job-the bank will carry it on the books for $500,000 not $0. Only a fool would invest in a situation like this. What does that say about the $700,000,000,000.00 we are getting ready to throw away? I was planning to buy some stock next week but now think I’ll stay in cash. Thank goodness Georgia is blessed with 7 conservative Republican Congressmen.
Say what? I’m not sure how you equate the bank making a stupid loan (they would never loan to a dog anyway) and the government using money to stabilize the financial system. If the bank has to carry a bad note, that’s ok provided the bank has assets (deposits) to cover the bad loan. All banks carry some bad loans. If they write them off, they have to devalue their assets by that amount. That means less money to loan out or having to borrow from other banks to cover the deposits. If they are covering bad loans, the credit market will dry up and cause the entire money/credit system to freeze up. No credit means no one buying cars, or new equipment for their business, or getting inventory to sell. Then people get laid off and now they have no income to meet their expenses. The overall economy shrinks due to the lack of free money. So back to the government plan. By providing some confidence these loans won’t threaten banks ability to loan money, the money/credit system starts to work again.
These Rethuglicons you’re soooo happy with are the cause of this problem. Over the last 15+ years they have eliminated those antiquated Depression-era laws that separated commercial banking from investment banking. If the commercial banks had stuck with lending only and not making and selling loan packages as investments then they wouldn’t be carrying so much bad paper. The Fed lowering the prime rate so low to stimulate the economy compounded this problem by flooding the market with cheap money. I’ll remember in November. Will you?
When you vote Rethuglicon, you vote against your own best interests. And Ga Values is living proof.
By Common Sense
October 1, 2008 3:27 PM | Link to this
Where is Governor Palin she is the only candidate not lobbying to get this bill pass!
Oh wait she does not know anything about the Bail-out because Mrs. Palin states it will help with healthcare and job creation.
Not ease the credit crunch for lending and allow bad debts to transfer to our inept government so our REALLY STUPID financial institutions can go back to making sound loans.
Wow I cannot take it anymore! All these experienced CEO’s bent to lend so they could pad their pockets. SIMPLY PUT THIS IS GREED IN THE HIGHEST FORM OF CAPITOLISM!
By Ima Deadhead Pol
October 1, 2008 3:35 PM | Link to this
I’ve said for the past few years we need to throw the useless,pandering,pompus, morons out and go to a CEO and board members to run the country.
On another note: Some say many american “investors’ are losers in the markets because of just what happened yesterday. They buy at the top and sell at the bottom. Wonder what those who sold yesterday afternoon are thinking today?
Is this a good time to sell?
“Selling is unintelligent,” said Derek Imes of Principia Investment Advisors. Based in Athens, Imes said he has counseled his clients to hang on to their holdings.
“Don’t freak out,” he said. “This is pretty extreme, but it’s not the end of the world.”
“Don’t react — act,” said Mike Cavanaugh, a senior partner at Capital Investment Advisors Inc. of Atlanta, who counsels listeners on “Money Matters,” on WSB-AM (750) radio. “There’s a fire sale on right now” in the market.
“We’re using a market like this to invest rather than sit, frozen, on the sidelines,” added Brian Ranck, a certified financial planner and director of the wealth-management firm BNY Mellon.
“Diversify, diversify, diversify,” said Ken Holley, chief investment officer at Atlanta Life Investment Advisors. If you spread your investments around, he said, there is less chance your entire portfolio will take a hit when the market stumbles — as it will.
“This is a correction,” said David Fisher, a founding partner and registered investment adviser with Signature FD LLC. The 11-year-old firm changed its name from F&D Advisors LLC., in July.
Translation: The Dow’s precipitous drop is the market’s way of achieving equilibrium. What happened Monday is hardly different than the market scares of 1987, when the Dow tanked 500 points.
“Screw up your courage,” said Mike Hines, president of Atlanta’s Consolidated Planning Corp. A longtime adviser, he admitted feeling shaky Monday as the bailout package collapsed.
“My emotional side of my brain told me it was very fearful” to be in the market, he said. “My logical side of my brain told me it was a good time to invest
By findog
October 1, 2008 3:37 PM | Link to this
Zeke @9:57
Republicans have tried , especially over the last 30 years, and, what has it gotten?
One of the first signs of cyniade posioning from the cool aid is rants like that and that, “Reagan proved that you could cut taxes, raise defense spending, and there would be no increase in the national debt…”
The poison control hotline number is 800-662-9886, please call before you are too far gone…
By Fred
October 1, 2008 3:39 PM | Link to this
From ajc.com: “Minds made up, millions voting early”
So why is it we have these debates again?
By JLK
October 1, 2008 3:48 PM | Link to this
Fake Lawyer: thank you for the corrective information! Further research has enlightened me that the claim is HALF TRUE. McCain did, after taking heat from his connections with Freddie Mac lobbyists, get on board with reform in the Federal Housing Enterprise Regulatory Act of 2005, a year and a half after it was introduced. This bill never made it out of committee, though, and therfore was not brought to a vote on the Senate Floor. Minority Party Senators DID oppose portions of it, and were willing to renegotiate certain points — specifically, Hagel’s provision that would have limited the size of the company’s portfolios. (Favoring aspects of the free market perhaps? Who can say?) Further, the bill allowed for what amounted to “independent agency” oversight, and not federal oversight. Perhaps they didn’t like that the bill would have given power to a group who are not accountable to the taxpayers? Oh well, hindsight.
You can read more about this “half truth” at: http://www.politifact.com/truth-o-meter/statements/757/
“The National Association of Home Builders opposed the bill, as did the National Association of Realtors. Senate Democrats said they supported some form of stricter oversight, but would not support a provision of Hagel’s bill that would limit the size of the company’s portfolios. Negotiations stalled and the bill never made it to the floor.”
I still assert that the Democrats of 2006 couldn’t block a punt from a six year old girl, but if you can show me how the Republicans showed continued interest in enacting this particular type of reform, I’d be happy to hear it. My perception is that they didn’t actually WANT the bill passed, since they didn’t pursue a modified solution.
“Others had been fighting for Fannie-and-Freddie reform for more than a decade, and McCain signed onto the bill a year-and-a-half after it was introduced. And he reportedly didn’t do too much for the bill beyond co-sponsoring it and issuing a statement.”
But you know, McCain was all for the free market before he was for regulation; all for capitalism before he was for socialism; all for privatizing social security before he was against it; for the estate tax before he was against it; against torture before he was for it; for women’s rights before he was against them; against ethanol before he was for it; and against every single bill that would promote alternative engery before he put windmills in his campaign ads.
So yes, I can see how the Republicans would blame the Democrats for not “gitting ‘er dunn” even though the Republicans had control of the House, Senate, and White House for all those years.
By Seeking Truth
October 1, 2008 3:56 PM | Link to this
SO YOU BELIEVE THAT THE REPUBLICANS WERE SO HURT BY WHAT PELOSI SAID THAT THEY REFUSED TO DO WHAT IS RIGHT FOR THE COUNTRY?!!! If that is your insane arguement, then the Republican Party is dead. Bush has been the worst President in the history of the United States for what he has done and for what he has left undone. This was an example of the people and the Republicans looking at Bush’s “let me scare the crap out of you” pitch and they said - ENOUGH.
I say enough of you and your idiotic opinions - I hope you go the way o the Republican Party - the trash can!
By Mrs. Godzilla
October 1, 2008 4:03 PM | Link to this
……so is the Oval office.
By getalife
October 1, 2008 4:05 PM | Link to this
I wonder if Coburn will stay true to his principles and put a hold on this outrage like he has done to so many others in the name of saving taxpayer money. Doubt it.
We have both party leadership and candidates voting for this bailout and trusting w again.
Does it matter who wins this election when both screw the people?
I think not.
By Commander Guy
October 1, 2008 4:39 PM | Link to this
Johhny Maverick, make believe hero, and his role in the Forrester disaster:
McCain took no part in dousing the flames himself. After going belowdecks and briefly helping sailors who were frantically trying to unload bombs from an elevator to the flight deck, McCain retreated to the safety of the “ready room,”…watched the conflagration unfold on the room’s closed-circuit television….
As the ship burned, McCain took a moment to mourn his misfortune; his combat career appeared to be going up in smoke. “This distressed me considerably,” he recalls in Faith of My Fathers. “I feared my ambitions were among the casualties in the calamity that had claimed the Forrestal.”
The fire blazed late into the night. The following morning, while oxygen-masked rescue workers toiled to recover bodies from the lower decks, McCain was making fast friends with R.W. “Johnny” Apple of The New York Times, who had arrived by helicopter to cover the deadliest Naval calamity since the Second World War. The son of admiralty surviving a near-death experience certainly made for good copy, and McCain colorfully recounted how he had saved his skin. But when Apple and other reporters left the ship, the story took an even stranger turn: McCain left with them. As the heroic crew of the Forrestal mourned its fallen brothers and the broken ship limped toward the Philippines for repairs, McCain zipped off to Saigon for what he recalls as “some welcome R&R.”
This so-called ‘man’ should be shunned by every decent human being. His entire image is sham and P.R., built on a foundation of being the right person’s son and marrying Cindy McMoneyHoney.
The self-serving SOB is a walking sack of lies. Country first my bollocks. But you wingnuts just love him.
By ron
October 1, 2008 4:45 PM | Link to this
I am now reading that Pelosi siphoned off $100,000 of her PAC money to her husband.She defends it as business .They just can’t seem to do it right.This is exactly what she’s been wailing about for some years.
Did this blog run into the Large Hadron Colider this afternoon?I posted and it went into the space,time continuum it seems.
By @@
October 1, 2008 4:56 PM | Link to this
I don’t know about dead Jim, but they’ve definitely been in a coma. They’re still blaming their dead zone on the red tide rolling in.
Nothing could be further from the truth.
But hey, there’s nothing that can be done to convince the left-wing dead heads on the reefer. They’re sooooooo attached……….kinda like barnacles.
By Dennis
October 1, 2008 5:14 PM | Link to this
Politicians like Hank Johnson (D-4th District) continue to place the interests of foreign nationals over those of US citizens.
Hank Johnson wants a bill that will allow up to 550,000 foreign nationals into the US to compete with American citizens for jobs.
In this poor economy, Americans don’t need additional competition from foreigners for jobs in the US. Send Hank Johnson packin’ in November. Use a write in vote to get this sorry politician out of office and install one that puts Americans first!
By DD
October 2, 2008 10:23 AM | Link to this
I love it when crappy journalists critique others doing their jobs.
By Rockerbabe
October 2, 2008 11:12 AM | Link to this
It amazes me that the boys in the Repug’s Party get their feelings hurt when a women tells them the truth they already know…just amazing! The bailout bill is a bad piece of legistlation; I call it the Bank Robbers Reward Act of 2008. These men want to “save” the Wall Street Welfare Queens from themselves at everyone else’s expense and I do mean expen$e! The Congress and Dubya can’t even rescue a mid-sized city like New Orleans almost 3 years later, but can rescue the national economy? If Congress wants to rescue, then rescue those that truly need rescueing: 1. Gulf Coast residents who have been abandoned by the government and the insurance companies. 2. Rescue directly the home owners facing foreclosure; they will use the money to benefit their homes, neighborhoods and communities. 3. Rescue small business by increasing the amount of money the Small Business Administration gives in direct loans. 4. Increase the amount of money available for college loans through the various loan association, other than banks. 5. Make rebuilding grants and loans directly available to states for infrastructure improvements. 6. Reregulate the banks and other lending and credit companies regarding who is eligible for credit, the criteria and the amounts available…revisit the loan shark provisions that are enslaving so many, especially those with medical issues. 7. Revisit the tax breaks given to those who make more than $250,000.00/year. 8. Any financial institution that fails should be investigated criminally; any institution that accepts bailout money needs to limit the compensation of all of its management staff and that includes bonsas and sign-on compensation.
There are lots of other things that can be done that are not as offensive as bailing out the rick and reckless. Any member of Congress who votes for this dastardly piece of legislation deserves to be put out of office during the next election for selling out the American public and their best interest.
By cal
October 2, 2008 11:49 AM | Link to this
I for one, wrote to Pelosi asking her to resign along with Barney Franks. They are idiots, much more so than Bush. At least, Bush and McCain had to foresight to see this coming and tried to do something about it. It is unbelievable to see Franks and the other Dems on tape claiming “There is no problem with Fannie Mae and Freddie Mac” and then stand up there pointing fingers at the Republicans. What a joke!
By Dawg
October 2, 2008 12:22 PM | Link to this
You expect people to vote Hank Johnson out? This is the same district that elected Cynthia McKinney how many times? Not a terribly smart district to start with.
By hop
October 2, 2008 12:24 PM | Link to this
the fannie and freddie mismanagement is the reason that we are having problems with the mortgage market and the pressure placed on banks by clinton and other federal agencies in the 90’s to make loans to people who did not qualify for such loans. yes, the dems put the management in freddie and fannie with two of their cronies who later walk away with 90mm in their pocket.
there are film clips of dems in congress who did not want more oversight in 2004 with fannie and freddie because they were getting campaign money from these clinton appointees.
all you socialist will totally screw it up with your new expanded congress and the moslem president that you will have running the country. welcome, the days of jimmy carter with double digit inflation, unemployment,and interest rates .
the military budget will be slash just like carter and clinton did, then we will be attack on all fronts as obama joins hands with iran, syra and other terrorist around the world.
By Rockerbabe
October 2, 2008 1:03 PM | Link to this
DAWG: I don’t know where you live, but I live in Dekalb County and Ms. McKinney started out as a great hope for the future and lived up to that expectation, except for the last 4 years or so. Hank Johnson is a first term rep and is learning the ropes. We citizens of Dekalb Co. choose the best among the offerings on the ballot, just like all the other citizens do who vote. As testament, we declined to renew McKinney and Majette in their subsequesnt bids for office; as well a that of Vernon Jones. We are a smart group of people and are willing to give those who put themselves “out there” a chance to serve in government. Maybe YOU should consider a run for office and let’s see how you do!
By D.S. Brown
October 2, 2008 1:17 PM | Link to this
blog.2rulesof3.com
Republican or Democrat, it should not, and in this instance does not matter. The House needs to follow through on the Christmas Tree Bill. We’ll have to rectify later, after we regain some stability. Please remember, AT$T and McDonald’s can’t even get a loan now.
blog.2rulesof3.com
By D.S. Brown
October 2, 2008 1:26 PM | Link to this
blog.2rulesof3.com
Republican or Democrat, it should not, and in this instance does not matter. The House needs to follow through on the Christmas Tree Bill. We’ll have to rectify later, after we regain some stability. Please remember, AT$T and McDonald’s can’t even get a loan now.
blog.2rulesof3.com