Pelosi Spoils the Deal!

[Shuckins]

I don't think ya'll are really paying attention.  There was more working against the package than just Pelosi's speech.

1.  The placing of unprecedented power into the hands of the Secretary of the Treasury, with no Congressional oversight.  This is a recipe for the growth of graft and cronyism.

2.  The nationalization of our lending institutions, with the aforementioned Secretary holding the reins of power.

3.  Republican Congressmen responding to the wishes of their constituents, who were absolutely livid about the bailout.  E-mails to these congressmen were running 80 to 1 against.

4.  The arrogant approach of Paulson in his negotiations with the Republicans.  The former chairman of Goldman Sachs, an institution that got an 85 billion dollar "gift" largely because of his influence, has motives that are highly suspect.  

[Hangtime]

Guess what, while the US government is inept to do anything the central banks around the world are desperately trying to avoid a worldwide economic failure.

Central banks to double amount of dollar injections into market as U.S. financial crisis spreads

[heartless american bellybutton reaction mode]

Let us know how that works out... meanwhile, when you need the russians tossed back or yah have a german vermin problem call 1-800-we-dont-giveadamn and leave a message.

[/heartless american bellybutton reaction mode]

it's a worldwide problem... we'll be glad to entertain suggestions on who we should invade first.

[mg1942]

From something I copied and pasted, I closed the link before I could credit them:

Barney Frank, who is openly gay, had a past romantic relationship with Herb Moses, an executive for Fannie Mae. Barney Frank’s involvement was alleged to have persuaded him to cook the books (finance accounts) for Fannie Mae.

The Washington Post reported this story in its Reliable Source column in July 3, 1998. By the time the story broke in The Washington Post, the newspaper admitted that Barney Frank and Herb Moses had broken up. However, this was conflicting as Barney Frank was heard referring to Herb Moses as his “spouse.” Another report from the same newspaper said Barney Frank called Herb Moses as his “lover”. The two men had remained friends despite the said breakup. The romantic affair ended around 1998, ten years ago.

Barney Frank is accused of misleading the officials about the finance situation in Fannie Mae because his friend ( or spouse/lover) Herb Moses was a top executive in the mortgage firm. Herb Moses left Fannie Mae in 1998 and ended his relationship with Barney Frank at around the same time.

According to Google, you got it from here (which would have been easy for you to search for after you closed the tab, although I don't blame you for not citing 'celebgalz.com')

They, in turn, got it from here, a website devoted to 'advancing the culture of free enterprise in America!', which grinds its axe so very loudly that you can be forgiven for viewing the second-hand cut-and-paste from celebgalz.com as being preferable.

Out of curiosity, though, do you usually get your news from celebgalz.com ?

[mg1942]

Just goes to show you what a "global" market brings to the table 

The question is... will P.R.C. come to the rescue? 

[Nwbie]

the ones who voted no-- 75% are up for re-election with about 300 emails an hour telling them they lost a vote if vote yes.
Someone should shove a grapefruit in Pelosi's mouth - what an ijot to say that

[mg1942]

I don't think ya'll are really paying attention.  There was more working against the package than just Pelosi's speech.

1.  The placing of unprecedented power into the hands of the Secretary of the Treasury, with no Congressional oversight.  This is a recipe for the growth of graft and cronyism.

2.  The nationalization of our lending institutions, with the aforementioned Secretary holding the reins of power.

3.  Republican Congressmen responding to the wishes of their constituents, who were absolutely livid about the bailout.  E-mails to these congressmen were running 80 to 1 against.

4.  The arrogant approach of Paulson in his negotiations with the Republicans.  The former chairman of Goldman Sachs, an institution that got an 85 billion dollar "gift" largely because of his influence, has motives that are highly suspect.  

Aye, I think we're on the same page with all 4 of those points, especially point 4. I view this as some eyes having the wool *finally* removed after eight years of duping.

Actually, the Democratic congressman were also taking vast amounts of heat about the proposal as is. Many Dems voted against it for fear of being tarred and feathered in their home districts because of point 1 and point 4 coupled with the notion we were rewarding the weasels that were playing the finance system like Vegas.

[Judochop]

And to think this could have been dealt with 4 years ago...
http://www.youtube.com/watch?v=6Rg3LcSNylA

[Sixpence]

It's funny, yesterday mcain and bama are trying to take credit, today they are pointing the finger at each other.

mcain says bama used partisan politics to bring the dem party to block the measure, and then says now is not the time to place blame

boy oh boy, the old fool with the nitwit airhead vp, or the liberal with the 'i'm gonna get you whitey' wife

cod help us

[Hangtime]

decisions, decisions.

[texasmom]

Dem's have got the numbers on their side. If they put up something worth a darn, it'll pass with or without the Rep's.

[rpm]

In this age of information its inexcusable that you can't find a reliable source. That's what makes spin so ridiculous. The facts are out there. You just can't be lazy and have others look for them for you. Do you know which Democrats voted against this bill? Do you know their committee assignments? Don't call anyone a "fool" until you do.

Can you read a list of threads in the O'Club? There is one praising Republicans for blocking and one condeming Democrats for blocking. Fool.

[Hangtime]

<Chinese accent>

you get choice!

<Chinese accent>

[Mr No Name]

LOL Hangtime... RPM is correct though, this story is being spun more ways than a pair of dice in a backalley crap game.  Fact is, without the 95 or so Democrats who actually listened to their constituents, and voted accordingly, there was no stopping this by Republican vote alone.

[SD67]

Gawd history tells us that the best way to come out of a depression is a good old fashioned global war!
If you guys stop this now we'll never get to play!

[Sixpence]

Ok, let's break this post down to it's most simple form:

Pelosi called the republicans a bunch of doo doo heads, so the republicans took their ball and went home.

I like how the media is spinning this now. "It's not about bailing out wall street, it's about having enough credit available in the system to let the system function properly. So people can get loans for homes and cars and business can get loans to operate and pay workers"

I think too much credit is was got us into this mess to begin with