Tuesday, September 30, 2008

My Favorite Article about Bailout Plan

Just had to link to this. Now this is thinking that I can identify with. It is kind of harsh sounding, but it makes sense to me. Maybe the first thing that has made sense in all this economic talk yet.

Do you think that bankruptcy may indeed be the answer to the problem instead of being the big fearful monster to avoid?

My Thoughts on Bailout Plan Failure

Barney Frank says that Republicans were offended by Nancy Pelosi's partisan speech about the bailout plan, and so decided to punish the American people. I say, muzzle Barney, please.

In the final tally, 140 Democrats and 65 Republicans voted in support, while 95 Democrats and 133 Republicans voted against it. That is bipartisan rejection! Were 95 Democrats offended by Nancy? No. These are people who really had a problem with the bill.

I love this reporter's notebook view of the moments before the vote. Don't get uppity you anti-Fox News People. This is a great article of those few moments.

The Democratic Congressman from our region, John Tierney voted against the plan. Yeah John! One Democratic Congressman who voted against it, whose name I can not remember said that something this large should take more than 9 days to consider, because the best we could get is a bad plan. I'm with him.

Saturday, September 27, 2008

Who's Grandstanding Now?

"Paulson and Federal Reserve Chairman Ben Bernanke made their case for the bailout plan Wednesday in a closed-door meeting with House Republicans. Those who were there said lawmakers voiced new doubts, and said their constituents are overwhelmingly opposed.

House GOP leader John Boehner said Americans are "furious" that they're being asked to put up $700 billion. But he added that Congress "has a responsibility to act," and that he hopes a bipartisan deal can be reached.

A Republican said only four of his GOP colleagues raised their hands during the meeting when asked how many of them supported the plan. Tom Davis of Virginia said it's a "terrible plan," but that he hasn't "heard anything better.""

Above quote comes from this article on the 24 of September - three days ago.

Now, there has been talk from Democrats like Barney Frank (from my state) who have been saying that McCain's short reprise from his campaign was grandstanding. Yet Barney, and Chris Dodd and others have been saying that the Republicans who disagreed with the bailout plan should have stated something before everyone sat down at the table.

Okay, if their disagreement was public knowledge before they sat down together, who's grandstanding now?

I had mentioned on my other blog that this political season was having me wanting to move to Wales, and and join a peaceful Free Wales movement (simply to have something to really care about). Things haven't changed - except this, I will post my political thoughts on this blog from now on, and I think I'm leaning right on the bailout plan.