….. 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.
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)?”