Capital Commerce

House GOP Pulls a Michael Corleone

By James Pethokoukis

Posted: September 26, 2008

If you want to understand the bailout counterproposal from the House GOP—where shaky banks would pay for insurance from the government on their toxic debt—I suggest you watch the second Godfather movie, in which Michael Corleone harshly responds to Senator Geary's deal for letting the Corleone family do business in Vegas. "Uh, senator—you can have my answer now if you like. My offer is this—nothing. Not even the fee for the gaming license, which I would appreciate if you would put up personally." Now, that's a tough negotiating position.

GOP and the REAL PROBLEM

THE BEGINNING OF THE END

AL GORE, DURING THE 2000 PRESIDENTIAL DEBATES STATED ....."IF YOU ELECT GEORGE BUSH AS PRESIDENT OF THE UNITED STATES, YOU BETTER HOPE HE DOSEN'T DO FOR THE U.S. WHAT HE DID FOR THE STATE OF TEXAS".

Well, what did G.W.Bush do for the state of Texas when he was Governor?

Bush used a budget surplus to push through Texas's largest tax-cut of over two billion dollars. The result was that Texas' budget bloomed by 40% to over 100 Billion Dollars under Governor Bush. As Governor, Texas was the state with the largest volume of air pollution in the nation, and forty-ninth in spending on the environment. As Governor, Bush supported a last-minute attempt by a Republican senator to pull $250,000,000 out of kindergarten funding and use it for tax cuts. The list go's on and on, do you see any similarities to the present condition of the United States of America?

They teach history for a reason...."THOSE THAT FORGET THE PAST ARE DOOMED TO REPEAT IT".

Ever since the republicans, under Richard (I am not a crook) Nixon, decoupled the Dollar from the Gold Standard due to the increased runaway spending of the Vietnam War, we have been on a slippery slope towards economic ruin. The mad-dog , $10 Billion Dollars a month spending on the Iraq war is merely a repeat of the Vietnam War Economics. The crisis we are facing today is the result of a dollar that is not worth the paper it's printed on. The rest of the world is slowly coming to the same conclusion and if something isn't done post-haste, they will start dumping the toilet paper we call the U.S. Dollar and cutting their losses before we take them down with us. As to the $700 Billion Dollar bail-out, it's for the Chinese and other sovereign wealth funds that are demanding that their investments be made good or they will proceed to cash out while they can. Well I guess SOCIALISM is bad for the public but good for WALL STREET as it helps foreign banks recover their losses.

I have said this time and time again, the American population, on average, as a whole, reads, writes and comprehends at an 8th Grade Level. The Republicans know that they are dealing with a bunch of 14 year old’s who don't pay attention to what is really going on. That is how they were able to destroy this Country in only 8 years. Our educational system, for the majority of us, is a joke. Analytical thought is uncommon, and the reality is that this is a country that runs on credit and credit alone. We don't make anything that people want, except weapons and war, we have a "negative" savings rate and a large percentage of the population that thinks Sarah Palin is an excellent choice for Vice President.

Guess What, George W. Bush Senior, recently bought over 100,000 acres of land in Paraguay's northern "Chaco" region. The Bush land is close to a new U.S. military installation,and near a huge tract of land purchased by Rev. Sun Myung Moon. This land also sits astride Latin America's largest water aquifer, the Guarani aquifer. The Paraguayan Senate voted last summer to “grant U.S. troops immunity from national and International Criminal Court (ICC) jurisdiction.” and immediately afterwards, 500 heavily armed U.S. troops arrived with various planes, choppers and land vehicles at Mariscal Estigarribia air base.

SOMEHOW I DON'T THINK THE BUSH FAMILY IS BETTING ON AMERICA, DO THEY KNOW SOMETHING THAT WE DON'T. PAY ATTENTION AMERICANS, EXAMINE WHAT IS HAPPENING AROUND YOU. THINK ABOUT YOU AND YOUR CHILDRENS SURVIVAL.

Marcus Taylor of CA @ Sep 27, 2008 18:15:49 PM

I am a Republican and these guys are embarrassing me

What are these 30 something GOPers doing. I am 43 and have been a Rep my whole life. I have never seen my party screw something up so bad. This is middle class relief. We can't get loans, buy houses, cars, our 401K's are getting killed and you have this Cantor dude running around like Alan Greenspan. He is the smartest guy in the room. Scary. If they screw this up and don't get this thing passed I will vote straight Democrat out of protest. Throw these bums out and lets start over. Pandering for the cameras is a joke when we are looking at Great Depression. There has been enough carnage on Wall Street. Bodies are everywhere. Enough is enough

Chris of NC @ Sep 26, 2008 23:00:54 PM

The propaganda arm of the Democrats

Everything I know about the Republicans' actions I heard from Democrats through their wholly owned subsidiaries in the media. There is a fine line (Ha!) between bias and outright propaganda.

Max of WI @ Sep 26, 2008 21:36:20 PM

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Capital Commerce

Capital Commerce

U.S. News business reporter Matthew Bandyk examines the issues, people, and debates that shape the nexus of political and economic life in the nation's capital.

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