I bet those who have been predicting that this crisis would happen for years were stopping themselves from jumping up and saying, "Sneak up on us silently? You idiot! We've been predicting this for years. Anyone with half a brain knew this was coming, so it's not surprising that you thought it snuck up on us."
She is the absolutely worse Speaker of the House we have ever had (and that's saying something). She is the reason the market lost over 700 points today. The Democrats have enough votes in the House to pass the thing on their own but she isn't a good enough speaker to guarantee her own people and then failing to bring her own people on board she loses Republican support because she decided to lie and say that this was the fault of Bush and the Republicans when we all know that it's the Democrats who refused to do anything when the Republicans were pushing for reform and regulations.
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Tell me this...if a bill doesn't go through...
what happens? Specifically.
"Buy low, sell high?" When the price of the stocks of the failing companies gets low enough, they'll be bought up? When somebody thinks they can profit?
How will homeowners be helped? The stocks are low because people who should not have been given mortgages were given mortgages. They still aren't paying their mortgages. Exactly what provision is there in the bill that will take care of that issue?
Do we like it that a political appointee, the secretary of this yet-to-be-created bureaucracy, will have the job of who gets how much money? Do we like it that the bill in its original form specifically states that the decisions of this secretary CANNOT be reviewed by any court or entity?
If we like the Patriot Act (and this "we" doesn't) we'll love the new act.
The reason the bailout lost is because the president and his administration failed to get any support from THEIR OWN PARTY.
If it's a bad bill...GOOD
"I'm sorry, who has the majority in congress?"
I'm sorry, which party controls the White House and the Treasury Department. You know, the people who came up with the plan?
"The Democrats have enough votes in the House to pass the thing on their own but she isn't a good enough speaker to guarantee her own people and then failing to bring her own people on board she loses Republican support because she decided to lie and say that this was the fault of Bush and the Republicans when we all know that it's the Democrats who refused to do anything when the Republicans were pushing for reform and regulations."
and to turn michele's stupid argument against her and her own party, the link that she points to has a video from 2004 where she tries to blame the democrats for failure then. who was in the majority then? republicans. so, it doesn't matter to michele who has the majority, she will always make the same stupid accusations.
mzellen is right on this one. it was a bad bill. probably nowhere near as bad as the "patriot" act, but there's got to be a better solution. this is one case where congress is doing its job. congressmen are doing their constituents' bidding in fear of their political careers - they came out in bipartisan fashion and killed the bill. i certainly don't want so much financial power to go into the hands of bush administration that mishandled so much power already and i really don't want to give more money to the crooks in the lending business who threw the first snowball in this avalanche.
Michelle, are you really suggesting that the Republicans came into the chamber ready to vote in favor of the bill because it was best for the country but changed their minds at the last minute because Nancy Pelosi's speech hurt their feelings? Is this Congress or 6th grade?
Take a look at who voted aye and who voted nay. Overwhelmingly, the split was not Republican/Democrat but in a tight race for re-election/in a safe seat. Those in tight races voted no because the voters told them to. That may not be the least selfish reason, but it makes more sense than pique, which is what you are suggesting. And if indeed they switched their votes because Nancy Pelosi criticized their party, they deserve to be booted out.
I wish you'd do as that other commenter suggested and try to bring a Reformed perspective to the news instead of all your partisan poison darts. And I hope you appreciate the irony of attacking those who jump on Governor Palin for gaffes, as you take more pleasure "snickering" at slips of the tongue and "yawning" at evidence of thoughtful leadership than anyone else on Beliefnet. Is that practice really what you preach?
This wasn't really the bill that the Democrats wanted so they weren't going to go out on a limb for it. Now that it's defeated, the majority can present what they really want, which is less of a compromise with Republicans (sorry, but Republicans missed their chance), better for Main Street, not so much for Wall Street.
Yesterday's Talk of the Nation: http://www.npr.org/templates/story/story.php?storyId=95177163
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