October 3, 2008

Bailout: Every Time I Get Tempted to Be Open to It ….. (Update: Passed)

Filed under: Economy,Taxes & Government — Tom @ 12:20 pm

….. crap like this (“GREEN ALERT: MSM Ignores Hidden Carbon Tax Provisions in Paulson’s Bailout 2.0″) comes along.

Nope, I can’t bring myself to give in to blackmail.
______________________________________

UPDATE 1: It passed. It didn’t have to. This alternative would have worked just fine. Many people who should know better have disappointed.

I always hope I am wrong when I makes statements like this, but I fear we will rue this day 5, 10, and 20 years from now.

UPDATE 1A: Buckeye RINO has the Ohio Dishonor Roll, and those who stood firm.

UPDATE 1B: From a CNNMoney e-mail at 2:30 p.m. — “Dow turns lower, erasing 300-point rally, after passage of $700 billion bailout plan.” Majorities in the Senate and House have just been suckered.

UPDATE 2: Gut reax — Blackmailers rarely go to the well only once. They usually come back for more, often sending different representatives to collect.

UPDATE 3: Boehner’s statement, posted in spite of my disagreement —

“The passage of this flawed but necessary bill is not cause for celebration.

“The financial crisis is not a failure of the free-market system. It is a failure of a broken Washington, and a government culture that allowed executives at Fannie Mae and Freddie Mac and other firms to run amok, ultimately imperiling our nation’s economy. For years Republicans warned of this danger and advocated reform of these government-sponsored enterprises. And for years such reforms were thwarted by legislators with deep political ties to the worst offenders, putting the companies’ interests ahead of the interests of our country.

“House Republicans stood on principle throughout this process. We secured numerous reforms on behalf of American taxpayers, such as raising the FDIC insurance cap, the SEC’s change to mark-to-market rules for certain assets that have worsened the credit crisis, and an insurance program that forces Wall Street to bear a financial burden in the rescue package. Republicans also were successful in stripping from the original Paulson-Democrat bailout plan of its special-interest earmarks for trial lawyers, labor bosses, and thinly-veiled political organizations like ACORN. This significantly improved legislation is much stronger than the initial Paulson plan and protects the interests of families, seniors, small businesses, and all taxpayers.”

Even if every word of what Boehner says is true (probably) and complete (definitely not), what possible response, other than “okey-dokey,” is there to anyone who says, “Well, if you could handle $700 billion for the financial-services industry, how can you not provide $_____ (fill in the blank) for _________ (fill in the blank)?”

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9 Comments

  1. The bailout is frightening and the Ohio GOP is giving me reason to pause, especially wondering why the Republicans don’t speak up enough on issues.

    I walk into the Stark County GOP office, which has an old car parked in front with Obama signs pasted all over it, and the people inside look like they just walked off the Titantic.

    Getting signs was problematic as they could not properly greet me or speak up. Maybe they thought Charles Manson just walked in.

    I call the Ohio State GOP, ramble through the phone menu, connect with people who sound like they just woke up and it’s 3 am then get rude with me, over talk, interrupt and then hang up.

    If Republicans can’t explain the issues, looking into the eye of the camera and show Americans they stand for something than the bailout will be the least of our worries as the slow creep of Socialism is about to be placed on fast forward Nov. 4, 2008.

    Comment by Don Bistrow — October 3, 2008 @ 1:06 pm

  2. Well maybe they can go find another cutie like Palin and distract us from the bill and say she’ll be McCain’s Sec of Tres. Or maybe we can launch another preemptive war say into Liechtenstein so we’ll look the other way.

    Big question, why are you still voting Republican?

    Comment by Stephen — October 3, 2008 @ 2:32 pm

  3. #2, the choice is between however you want to describe the GOP candidates and Objectively Unfit.

    If you have a plan for a third party to succeed, by all means, bring it on.

    Comment by TBlumer — October 3, 2008 @ 2:38 pm

  4. Tom,

    Care to justify Jean’s vote today?

    Comment by Nate Noy — October 3, 2008 @ 2:57 pm

  5. Tom, on your reference to Blackmailers rarely go to the well only once. They usually come back for more, Nancy Pelosi said just before the procedural vote prior to the this obamanation passing, that she expected this would only be the start of matter. You need to get the transcript of what this Extortionist is planning for us.

    Batten down the hatches folks, the Recession is now assured. The Dems and the MSM are getting what they asked for. The country is soooo screwed.

    Comment by dscott — October 3, 2008 @ 3:20 pm

  6. Here is one senator who actually does listen to his constituents, James Inhofe. I need to move, doah! can’t because no one can buy a house now. http://jiminhofe.com/blog/

    Comment by dscott — October 3, 2008 @ 3:56 pm

  7. I called Tiberi daily since last week. I thaked him and told him he regained my vote after I left him blank in ’06. Well that was short lived. I called his office today to tell him he lost it again. If McCain had any guts, he’d be up by 20 pts. after these last 2 weeks; and we’d have a 0% capital gains tax. It appears Palin has more balls than anyone in the RNC.

    Comment by Joe C. — October 3, 2008 @ 5:26 pm

  8. *sigh* This really sucks. The general impression that I’m getting about this legislation is that Congress has taken the opportunity to make this bill a legislative dump on the American electorate. I don’t see how the bill could quadruple in size otherwise. After hearing both sides, a solution should have been fairly precise and easy to do. I’m not opposed to the monies going to the credit market, it’s all of the other garbage that has been trucked in with it.

    Comment by TheDuke — October 5, 2008 @ 2:07 am

  9. [...] As I wrote yesterday: ….. what possible response, other than “okey-dokey,” is there to anyone who says, “Well, [...]

    Pingback by Bailout Saga Proves that Elites Don’t Care What We Think « Thoughts Of A Conservative Christian — October 5, 2008 @ 3:39 pm

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