Capitol Hill Blue Forums Political Issues Politics In General Did Pelosi's ad lib doom the deal?

From my understanding, the Bill did not contain any reform. This Bill is merely a "reset" button and life will go on as it has before in the financial industry.

• The CEO "Golden Parachute" we've heard about only applies to new contracts - not existing ones.
• There is no reform
• There is no help for mainstreet

What I find really interesting is that GWB and The Dems are on one side - and the Rupub House is on the other.

Talk about strange bedfellows.


...and Pelosi's commment? Irony - given she's put no reform into the Bill - it's status quo. Her Bill merely keeps the very things that she railed against today.

What's up with that? Politics as usual, perhaps?

Speaker Nancy Pelosi (D-CA) Floor Speech Before Bailout Vote - CSPAN video posted on YouTube by TPMTV - 16:16 in length

"So let me see if I have this straight...12 Republicans got their feelings hurt, so now they're going to punish the entire country?"

Laughable and true, but I am still against the bailout.
But that's the logic that the Repubs are apparently trying to sell us because they do not have the balls to say that they are AFRAID of the consequences.

But I have to give Barney Frank props for his above remark.
He also said "give me their names, and I will go to each of them and talk to them in an uncharacteristically nice manner!"

Pelosi-Whipped

We've been talking about this on another thread rick, and I'm really anxious to see a credible analysis of the Bill. What is your source?

Local Bay Area talk radio. Gill Gross, formerly of ABC Network News is now at KGO 8.10 a.m. - San Francisco, and as a result of his previous jobs is very well connected to savvy analysts, stated such on his 2 hour program yesterday.

Which thread are you referring to stereoman?

The failure of the bill (beginning with the term, "bailout") had nothing to do with Pelosi, and everything to do with a realization by everyone that the blame for this belongs squarely on the GOP and the culture of non-interference that they have championed for decades. The bill represents a clear repudiation of everything they have stood for, so it was very difficult to get past that. Pelosi may have said it out loud, but they already understood this. Allowing the government to function is what is so hard to swallow, not Pelosi's words. Why the bailout bill went down - CS Monitor.

I'm with Checkerboard, though. THIS bill should have died, because it was a last-ditch effort by the administration to maintain control - and in a particularly egregious way - over a crisis that they had created (perhaps deliberately, but probably simply by gross incompetence). What should happen instead is a bipartisan bill, with completely different terms, that represents a realistic approach to changing the system and not just putting more lipstick, rouge, and false eyelashes on this decidedly odious pig.

Here are some sensible points by one of the best economists to look at this picture: What Wall Street Should Be Required to Do, to Get A Blank Check From Taxpayers - Robert Reich's blog. Paul Krugman has also made some cogent arguments, although they are harder to access. Here's a cogent, if borrowed, one: People I agree with, part one - NYT

Of course the party of Deregulation is the GOP!
But the reality is that the Democrats have offered nothing of substance in opposition to the deregulation agenda. So here we go with the predictable partisan blame game in an effort to capitalize on something that your party did absolutely zero to deal with in any substantive way, but that you now want to point at the Republicans for political gain.

Just like the war, our civil liberties, our jobs being shipped overseas, and our environment being trashed in the name of neverending "growth", the Democrats either stood by with their thumbs up their a** or actually aided the Bush crime family and the GOP for 8 years.

Now partisans want to try the blame game?
Nauseating.

I wonder why Obama takes so much money from the people he says need to be regulated much more?
LOL

Well, I do entertain the slight and probably forlorn hope that at least some of the Republicans and Democrats who voted NO! did so as a matter of their constitutional duty to do what was in the best interests of the nation.

Nope.. Only reason I see why they voted "no" was because they were sacred that if this bill passed and they voted for it, then they would be out of a job in November.

I would like to see a chart or something showing how many of those that voted NO are up for re-election this year.

Also, this applies more to Republicans since the country pretty much expect Democtrats to want a big government.