As I’ve said elsewhere, whether one believes the nation is on the brink of financial collapse or not, American political leaders, financial leaders, financial legends, and media all claim that is the case, and are all acting as if it is. In response to the crisis, Congressional Democrats-at the urging of the Bush Admin which did not do enough to detect, warn, or prevent the situation, have suggested throwing money at the problem. House Republicans and many Senate Republicans have suggested alternative solutions. So why isn’t anything getting done?
People need to be reminded (apparently) that the Republicans in the House are moot. The Democrats control the House of Representatives-where there is no filibuster rule, and they can pass a bill that throws money at the problem if they want. There are enough Republicans in support of the Democrats’ proposal in the Senate as well. Additionally, President Bush has already endorsed the Democrats’ proposal. Democrats do not need the support of House Republicans to get their way.
So why do they want their support? It’s simple. If Republicans-particularly Senator McCain-do not support the Democrats’ proposal, and if the Democrats ram the proposal down the country’s throat, then Republicans can run for office and point fingers at the Democrats not only for causing the problem, not only for screwing around with the solution, but for spending over $1000000000000.00+ on bailing out Wall Street fat cats while Main Street people still lose their jobs, their homes, can’t pay for gas (can I get a “NO BLOOD FOR OIL!” anyone?), and so forth.
Americans don’t like the Democrats’ solution of bailing out Wall Street. It might work, and it might save the country, but to ram it through in a partisan vote makes Democrats vulnerable on a very energizing campaign topic just weeks before the election. They were faced with a similar quandry in the demand to authorize the Iraq War on Oct12, 2002, and they caved, then they lost the House and Senate. If they ram their solution down American’s throats, and make the people of Uniontown, Ohio pay to save Wall Street investors, then they risk losing the support of the people in Uniontown. If they can convince House Republicans to make it a truly bi-partisan bill, then their appearance is safe from campaign attack ads.
Which will it be:
Democratic control of the House and Senate
or
bailing out Wall Street investors and keeping payrolls flowing by protecting investment bankers
?
Author of “Reparations and America’s 2nd Civil War
Reparations and America’s 2nd Civil War: Malensek, Scott: 9798864028674: Amazon.com: Books
Can’t wait for the debate tonight? Somehow I think the economy will end up being the subject at this foreign policy debate.
http://www.thenewconservatives.blogspot.com/
Obam-Uh has already stated he is going to bring up the economy. They should cut his mic if he does.
McCain has forced Obie so far out of his zone that tonight’s debate promises to be an absolute hoot.
Fresh batteries in the remote? Check.
Children spending the night away from home to eliminate disturbance? Check.
Comfy Laz-E-Boy recliner in sumptuous leather? Check.
Popcorn in the cabinet ready to be called into action? Check. Check.
Again, I’ll say.
Best. Election. Evah.
That’s no choice at all.
They thought they had this good to go and were out trumpeting the good news. They didn’t allow House Repubs any say because they knew that would throw a monkey wrench in it. They already had the support of the President, Bernanke, and Paulson. What support they had by Senate Republicans would have been enough for them to hit the campaign trail with under their leadership they were able to put together a bipartisan bill to save the country from disaster, enough to get them through the elections and the media would have played along.
If they didn’t doubt the package, they wouldn’t be needing Repub fingerprints on it. Bad thing about it all is that they were not concerned with the health of our economy, just power. IMHO.