Wall Street to GOP: Drop Dead

it's a scam for the election.

gop pretends not to go for the bailout. wall st pretends to be mad. the average american moron is supposed to think, "gee, maybe the GOP isn't in bed with Wall St."

yeah, right.

this is a ploy for the GOP Congress that happen to be up for election to make sure they get back in EXACTLY to hand their cronies the money.

don't fall for it, people. :(

yo of TX @ Sep 27, 2008 13:47:26 PM

What a whiner!

This guy isn't a Reagan Republican, he's a RINO. True conservatives believe in fiscal responsibility... sure, that may mean a "bailout" in some form, unfortunately, at the point in time. But by fiat? Shoved down everyone's throats? Must be approved TODAY! Take it or leave it? Puleeze. The big rich baby who wrote this is a prime example of the problem.

ed of NY @ Sep 27, 2008 13:10:32 PM

Horse and sparrow theory

Your first mistake was looking up to Reagan and his horse and sparrow theory. Of course, I guess that's a bit hard when you're the horse. Neigh, it's all coming back to you now.

Logic Larry of OH @ Sep 27, 2008 11:19:49 AM

Three Parties? When a New One Gets It In Gear

HillbillyBill,

Yes, a viable 3rd party possibility would definitely add to things. Perhaps if these third parties would actually concentrate on party building between elections - getting people elected at every branch of government from U.S. Senator right down to community dogcatcher - then when the election rolled around, they'd be able to front a viable candidate.

As it is, the vast majority of them act as political groundhogs. They poke their heads up every four years, see their shadows, and we get four more years of Republicans.

Glen of VA @ Sep 27, 2008 10:32:59 AM

Drop Dead, GOP

"The Dems and their policies caused this crisis"? Please - at best, this is a community screw up, but McCain and his good buddy Phil Gramm were in charge of stripping away all the safeguards through the 90's (when, if you'll recall, the GOP had a pretty good grip on Congress). The Dems didn't do much to try to stop it, but this disaster has Republican fingerprints all over it. I won't be voting for any Repubs again for a good long time.

EvilleMike of VA @ Sep 27, 2008 09:42:32 AM

The Paulson Plan Reads Like A Coup

If it reads like a coup

If it walks like a coup...

I gave much of the relevant text from the Paulson Plan earlier (just hit Previous). The most cutting is this:

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Sec. 8. Review.

Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.

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Please read the rest, though. It is a kick in the head to America.

Here is a second kick to the head:

From the Paulson Plan:

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(3) designating financial institutions as financial agents of the Government, and they shall perform all such reasonable duties related to this Act as financial agents of the Government as may be required of them;

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That is right, Goldman Sachs will be an agent of the Government, without review by the court or any other government agency.

The possibilities make the head swim. But one of the least innocuous possibility is the price paid for the bad mortgages. They should pay market value for these homes but why would a dictatorship do that? They will pay full booked value plus fees!

Jag Pop of MA @ Sep 27, 2008 09:09:33 AM

I though the GOP was for less government and that is what Wall Street wanted?

I guess government intervention is only good for you Wall Street types when it involves giving you $700,000,000,000.

Wait, isn't that called socialism?

sleze of PA @ Sep 27, 2008 07:20:38 AM

You Guys Crack Me Up

More Republicans who can't spell, imagine that. Guess what, no one on this side of the tracks (the poor side) cares what happens to your money market meltdown. The investor class and all those folks who elected Chimpy twice and were "lifelong GOP supporters" are about to get exactly what they deserve. Enjoy the soup line, but don't try to cut or we'll whoop that azz. :)

JeremiasX of AR @ Sep 27, 2008 07:14:39 AM