The President Bush bailout policy failed. The Democrats came up with the votes for it and did their share but the cry baby whining Republicans did not come up with their votes for the $700 billion Bush bailout.
It seems that 13 of the Republicans had their feeling hurt because the Speaker of the House made a speech and said in the speech that this mess was caused by 8 years of President Bush.
The little McCain/Bush Republicans got their feeling hurt and so they decided not to vote for the Bush bailout plan. Their feeling were hurt and they took their toys and left.
So the the stock marked crashed and $1.2 trillion dollars of market value went down the toilet. The Dow suffered the worst point drop ever. Banks around the world failed today. I do not think anyone knows what is going to happen tomorrow.
I think we all are sick and mad that we have to give President Bush $700 billion dollars to bailout Wall Street. He has not done one thing correct in eight years. But we have to give him now $700 billion.
I think if he wants the $700 billion he should announce that when the $700 billion is voted that on the first Monday after that his vice president will resign from office and on the following Monday he will resign from office.
I am sick and tired of the God dam Republicans. The Bush/McCain Republicans caused all of the current problems that we have now. Then they put a gun to our heads and demand that we give them $700 billion dollars.
Then they demand that we not tell anyone that they caused all of these problems.
The Bush/McCain Republican cry babies and whiners should come up with all of the votes for the Bush bailout plan.
Sean Hannity is on the Fox Biased-News cable channel - I think on talk radio also and he is influential. He's a verbal bully toward anyone who disagrees and I don't find him appealing but he does carry a lot of weight with a nightly show where many get their talking point for blogs and the next days rants against Obama and Biden.
Hannity is big on blaming all this on guess who? Yes, it's all Bill Clinton. Now Clinton left office in January 2001 - the Republicans controlled both houses of Congress and still the problems in 2008 are laid at Clinton's door - a very dicey argument int eh first place and completely ignoring all the intervening, Gingrich, Hastert, Bush, Cheney years. It's ludicrous and they get away with it. I'm sure Rush is singing the same song but I seldom hear him.
Enough greed and blame to go around - where was the SEC, the state agencies that oversee lenders. The atmosphere was free market to the max and if somebody didn't remotely qualify for a mortgage under the old rules, write new rules and worry later about how they'll pay or what their past credit history might have been. I'd agree both parties gave up oversight including Chris Dodd who was portrayed this morning on the talk shows as Moses - white mane of hair and speaking as the voice of wisdom and reason. Which I think he is but he too has to share some responsibility as a long time member of the Banking Committee and current Chairman. The blame game hinders discussion and I wish both sides would just agree lots of agencies and individuals were at fault - deal with the immediate problem and write the report later.
But putting all this back on Bill Clinton is a stretch and a half. There are no Bush loyalists anymore - his own party is trashing him - and his announcements are sort of tossed away. He looked pretty ineffective this morning and was just mouthing words - absolutely no FDR in that little outdoor statement of his.
dick in KC
Posted by: Dick | Monday, September 29, 2008 at 20:41