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Dec 6th, 2017
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Joined: May 2005
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Joined: May 2005
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Even as the wreckage of the Wall Street bailout bill was still smoldering on the House floor Monday, Republicans held a news conference in which they blamed "partisan" remarks by the House Speaker Nancy Pelosi (D-Calif.) for scuttling the bill.
But anyone who looked at the transcript of Pelosi’s speech released by her office might have been puzzled by the complaints.
The transcript seemed relatively tame — with only relatively mild shots at the Republicans in the text.
But a review of the video of Pelosi’s comments shows the speaker deviated substantially from her prepared remarks when she stepped into the well of the House at about 12:20 p.m. Monday afternoon – delivering a series of ad-libbed jabs at President Bush and his party. ...but this is what Speaker Pelosi said: When President Bush took office, he inherited President Clinton's surpluses — four years in a row, budget surpluses, on a trajectory of $5.6 trillion in surplus. And with his reckless economic policies within two years, he had turned that around ... and now eight years later the foundation of that fiscal irresponsibility, combined with an anything-goes economic policy, has taken us to where we are today. They claim to be free-market advocates when it's really an anything-goes mentality, no regulation, no supervision, no discipline. ..."
"... Democrats believe in a free market ... but in this case, in its unbridled form as encouraged, supported by the Republicans — some in the Republican Party, not all — it has created not jobs, not capital, it has created chaos.
Contrarian, extraordinaire
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Even as the wreckage of the Wall Street bailout bill was still smoldering on the House floor Monday, Republicans held a news conference in which they blamed "partisan" remarks by the House Speaker Nancy Pelosi (D-Calif.) for scuttling the bill.
But anyone who looked at the transcript of Pelosi’s speech released by her office might have been puzzled by the complaints.
The transcript seemed relatively tame — with only relatively mild shots at the Republicans in the text.
But a review of the video of Pelosi’s comments shows the speaker deviated substantially from her prepared remarks when she stepped into the well of the House at about 12:20 p.m. Monday afternoon – delivering a series of ad-libbed jabs at President Bush and his party. ...but this is what Speaker Pelosi said: When President Bush took office, he inherited President Clinton's surpluses — four years in a row, budget surpluses, on a trajectory of $5.6 trillion in surplus. And with his reckless economic policies within two years, he had turned that around ... and now eight years later the foundation of that fiscal irresponsibility, combined with an anything-goes economic policy, has taken us to where we are today. They claim to be free-market advocates when it's really an anything-goes mentality, no regulation, no supervision, no discipline. ..."
"... Democrats believe in a free market ... but in this case, in its unbridled form as encouraged, supported by the Republicans — some in the Republican Party, not all — it has created not jobs, not capital, it has created chaos. It's obvious to me that the party responsible for the mess we are in today, doesn't like their noses rubbed in the pile of crap their deregulation dog laid on the economic rug of the nation. Too damn bad.The republicans deserve to be in the dog house.
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Administrator Bionic Scribe
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Administrator Bionic Scribe
Joined: Jun 2004
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So if I understand the logic (what little there may be), the Republicans in the House voted against th4e bill solely because they had their feelings hurt?
Life is a banquet -- and most poor suckers are starving to death -- Auntie Mame
You are born naked and everything else is drag - RuPaul
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Joined: Jul 2008
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So if I understand the logic (what little there may be), the Republicans in the House voted against th4e bill solely because they had their feelings hurt? I doubt that. They voted against it because they were afraid of being voted out in November if they supported the bill. The party that stands for small government cannot be seen as supporting a bill that costs the taxpayers that much money for stabilizing the financial sector (that money is only saved for national defense and wars in Iraq/Afghanistan). Look for the Republicans to sign pretty much the same bill in when they come back on Thursday or shortly after.
A gem cannot be polished without friction, nor a man perfected without trials. ~Chinese Proverb
The early bird gets the worm, but the second mouse gets the cheese. ~Jon Hammond
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Joined: Dec 2007
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I doubt that. They voted against it because they were afraid of being voted out in November if they supported the bill.
The party that stands for small government cannot be seen as supporting a bill that costs the taxpayers that much money for stabilizing the financial sector (that money is only saved for national defense and wars in Iraq/Afghanistan). Well the party that "stands for small government" created much more government than this long before the bailout when they advocated the biggest growth of government in our country's history with the creation of "Homeland security". They also were never shy about having the government tell women what they can do with their own body or having government tell us which drugs we can do and which ones we can't. They have repeatedly shown that what they say and what they do are two different things. They have always got away with it in the past because most people (who are of the GOP ilk)don't care if the planet is being destroyed or if innocent people are being killed by the thousands as long as they can go about their day without having to care. So let's get real. The reason this is different is because it is about money. Americans are about money. Our culture is about money. Democrats are about money. Despite the fact my retirement lies in the balance, I am cheering as this corrupt perverted system falls and I am as happy as can be that the dumb American public is getting what they deserve.
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Joined: Jul 2008
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Despite the fact my retirement lies in the balance, I am cheering as this corrupt perverted system falls and I am as happy as can be that the dumb American public is getting what they deserve. It's even dumber to cheer something that hurts yourself. And not to get off-topic (and you can PM me the answer) but point me one event in history where a change in government took place and the people with money did not end up in power yet again?
A gem cannot be polished without friction, nor a man perfected without trials. ~Chinese Proverb
The early bird gets the worm, but the second mouse gets the cheese. ~Jon Hammond
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Joined: Feb 2006
Posts: 12,129 Likes: 257
Pooh-Bah
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Pooh-Bah
Joined: Feb 2006
Posts: 12,129 Likes: 257 |
Look for the Republicans to sign pretty much the same bill in when they come back on Thursday or shortly after. And I wonder how many of them will be calling their brokers tomorrow to load up on stocks?
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Joined: Sep 2011
Posts: 18,003 Likes: 191
Moderator Carpal Tunnel
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Moderator Carpal Tunnel
Joined: Sep 2011
Posts: 18,003 Likes: 191 |
In a maneuver that epitomizes the illogical construction of Senator McCain and his campaign, McCain's camp blames Obama on bailout failure. Let me see if I can get this straight... um, Senator McCain tries a publicity stunt by "suspending his campaign" (itself a lie, but not germane to this point), rushing back to Washington to "broker a deal," fails to persuade 2/3 of his own party (not that they were ever pursuadable) to back the bill, and this becomes Obama's fault? The stink of desperation is all over this. It is so insanely illogical... wait, that may be the answer. It is insane.
A well reasoned argument is like a diamond: impervious to corruption and crystal clear - and infinitely rarer.
Here, as elsewhere, people are outraged at what feels like a rigged game -- an economy that won't respond, a democracy that won't listen, and a financial sector that holds all the cards. - Robert Reich
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Joined: Jul 2008
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Bailing out financial sector = bad. Bailing out auto sector = good. DETROIT - If credit remains locked up and auto sales continue to slump, the federal government's $25 billion loan package for the auto industry could be a huge help in keeping Detroit's downtrodden automakers afloat, according to lawmakers and industry analysts. I guess the mistake was to ask for $700 billion. If we have learned something from the Bush administration is that it's better to ask for little at a time, but frequently.
A gem cannot be polished without friction, nor a man perfected without trials. ~Chinese Proverb
The early bird gets the worm, but the second mouse gets the cheese. ~Jon Hammond
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Joined: Sep 2011
Posts: 18,003 Likes: 191
Moderator Carpal Tunnel
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Moderator Carpal Tunnel
Joined: Sep 2011
Posts: 18,003 Likes: 191 |
Additional misdirection from McCain himself, although I like the title to this article: The Bailout Bill Failed. Should We Blame McCain? - Newsweek blog. Speaking at a rally in Columbus, Ohio this afternoon, Republican presidential nominee John McCain defended his controversial decision to "suspend" his campaign as an example of his action-packed leadership style. “Inaction was not an option,” McCain said. “I put my campaign on hold for a couple of days last week to fight for a rescue plan that puts you and your economic security and working families first. I fought for a plan that protected taxpayers. I went to Washington last week to make sure the taxpayers of Ohio and across this great country were not left footing the bill."
"I’ll never be a president who sits on the sidelines when this country faces a crisis,” McCain added. “ I’ll never do it. I know many of you have noticed it’s not my style to simply phone it in." Except, of course, that is exactly what he did. ...despite promising to boycott the debate unless Congress reached a “consensus on legislation," McCain cited "significant progress" and skipped off to Oxford on Friday morning--even though a "consensus" and "legislation" seemed more distant than when he suspended his campaign. Apparently, McCain was confident that everything would work out. In fact, when he returned Saturday to Washington, he didn't bother to visit Capitol Hill, choosing instead (in the words of top aide Mark Salter) to "do what he needs to do by phone" from the campaign's Arlington headquarters. Yes, that was directly from the campaign headquarters, no misinterpretation.
A well reasoned argument is like a diamond: impervious to corruption and crystal clear - and infinitely rarer.
Here, as elsewhere, people are outraged at what feels like a rigged game -- an economy that won't respond, a democracy that won't listen, and a financial sector that holds all the cards. - Robert Reich
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