CNN is in overdrive blaming the Republicans for killing the bailout. This morning they ran a story headlined “The Death of the American Dream” about how angry the public is and how the bailout would have helped people, even though people are so angry and blaming Wall Street the people did not want the bailout.
In any event, consider these numbers:
Number of additional votes needed to pass the bailout: 12
Number of Democrats on Barney Frank’s committee who voted no: 12
Number of Democrats total who voted no on the plan: 95
Had Frank been able to control his committee or Pelosi the Democrats or had Barack Obama bothered to pick up the phone to support the plan he favored, it would have passed.
Aides to Mr. Obama said he had not directly reached out to try to sway any House Democrats who opposed the measure.
Moe Lane
Steve Maley
Dan McLaughlin
Neil Stevens
Daniel Horowitz
The Bill was extortion anyways
wiseprince (Diary) Tuesday, September 30th at 8:22AM EST (link)When the markets bounce back even without the bailout being passed will the reaction be: Thank God we didn’t pass a 700 billion dollar giveaway?
Passing bills under this level of duress doesn’t seem wise to me. Incidentally why is it such a bad thing to listen to your constituents?
[Subscribe Now](http://feeds.feedburner.com/~r/voicesinthewilderness/UQcm/~6/1)
Question...?
Patricia_C (Diary) Tuesday, September 30th at 8:46AM EST (link)Maybe it’s just me.
I mean, considering that I am one of those Gun/Religion Huggers and all… Maybe I just don’t “get it”…
The democrats and the media keep drumming the air with the repetitive battle cry that the republicans are responsible for the failure of the bail-out bill.
According to Rasmussen, a poll conducted on Friday night shows that 50% of Americans opposed the first plan (proposed by Henry Paulson a week ago) AND the “very public negotiations taking place on Capitol Hill ever since”, with 24% being undecided (meaning, something like 26% actually supported the idea of going socialist.
So, I am wondering why the republicans aren’t out there screaming back, “Damn right we killed this, you incompetent twits! The majority of Americans wanted it dead!”
… or something like that.
Anyway… just wonderin’.
http://www.rasmussenreports.com/publiccontent/business/generalbusiness/supportforbailoutplannowdownto_24
“Even when you fall on your face, you’re still moving forward.”
The MSM keeps repeating
Maggie_in_Indiana (Diary) Tuesday, September 30th at 9:07AM EST (link)the same worn out arguements. The Bill failed. Let’s move on to the next phase and come up with another solution. The House Conservatives need a forum to get their plan heard. It may work better than throwing OUR cash at it!
Maggie in Indiana
Bush made it difficult
Badill_T Tuesday, September 30th at 9:08AM EST (link)When he addressed the nation stating that the danger was grave and something must be done. Technically he’s still a Republican, and it doesn’t play well when Republicans are so fractured that they’re squabbling in public in a time of crisis.
That dichotomy you note is in play around here, with several front page posts glad that the bailout failed, several more saying it’s a horrible thing, and several more trying to spin it as entirely the fault of Democrats.
Even this post ignores the 130 Rs who voted no. Newt suggested letting the Dems take all the heat for this crappy bill, and Dems didn’t play along, but sure, let’s try to blame it all on them – they’re certainly blaming Republicans, especially McCain who took credit for passing the bill (!!!) yesterday morning.
Amen to that....
txaggies911 Tuesday, September 30th at 9:10AM EST (link)I honestly can’t understand the spin on this…the bailout is a terrible plan….and it’s the OTHER guy’s fault it didn’t pass.
Seems strange to me that one side or the other isn’t picking up on the anti-bailout angle as a whole. Tons of people on both sides disapprove of the bailout after all…
The blame?
deltar (Diary) Tuesday, September 30th at 9:10AM EST (link)Why the heck would you be in a hurry to assign blame? This bill was a piece of dung and I (for one) am glad it got dumped. If you wanted this bill to pass then it’s probably the Republicans who doomed it.
But that’s crazy. I’d say those Representatives who voted “no” did us a big favor, and should get credit for being cautious.
Following this approach, it’s the Republicans who get the most credit for standing up for principle and provided a majority vote of their caucus against this bill. And if a large group of Dems joins them (for very different reasons) then let’s just be glad of the outcome.
Actually, Obama took credit and said McCain didn't help.
NightTwister (Diary) Tuesday, September 30th at 9:10AM EST (link)Looks like Obama now has some ‘splaining to do.
The best argument against democracy is a five-minute conversation with the average voter. – Winston Churchill
Patrica C
Maggie_in_Indiana (Diary) Tuesday, September 30th at 9:10AM EST (link)You make me so proud. You gom girl! Stay hot and keep pounding out what you think ,cause we’re fighting everybody else.
Maggie in Indiana
You say that today
Erick Erickson (Diary) Tuesday, September 30th at 9:13AM EST (link)But by the end of the week the fickle public will be clamoring for a bill and the GOP will be blamed.
Who will stand on either hand and keep this bridge with me?Follow @EWErickson
Maybe so, but fighting to alternative approaches is still the right thing to do
JSobieski (Diary) Tuesday, September 30th at 9:20AM EST (link)The logic of “the House will not let anything except bad liberal policies go through” is going to be true so long as Pelosi sits in the Speaker’s chair.
Should the Republicans have totally shoved the brand in the garbage dump by voting for New Deal II when there were and are alternatives?
The key to this PR battle is to keep reminding people that there are ALTERNATIVE approaches to the Paulson plan?
Since when is there only one way to skin a cat?
My rules of the road for primary season.
Rule #1: Vote for YOUR first choice in the primaries
Rule #2: Vote for the R in the general.
Rule #3: Don’t let anyone convince you to violate Rule #1 or Rule #2
Rule #4: When in a center-right argument, reaffirm Rules #1-#3–it will help us all to get along better.
Rule #5: If you are using the language of the left, you probably aren’t furthering conservativism
Rule #6: The priority is issues first, candidates second, and supporters third. Nobody is bigger than the issues. Conversely, if you spend your time focusing on supporters, you are wasting everyone’s time.
STOP THE MADNESS!
A reduction in the rate of spending increases is NOT a cut!
In-state tuition for illegals is NOT amnesty!
Requiring someone to pay their medical bills is NOT an individual mandate!
Reducing tax rates is NOT a tax increase!
That may be true but I am hoping this is
DGaines (Diary) Tuesday, September 30th at 9:29AM EST (link)one of those rare occasions where they public is paying a little more attention than usual as a result of the media frenzy over this issue. If the market actually stabilizes for a few days, many average people are going to say “hmmm – the bailout failed to pass, and the world isn’t over”
It’s a risk either way. so why not take the risk and be right rather than pander and still have the risk of the fickle public.
(By the way I’m all for pandering when the situation warrants.)
Erick, then we need to think of our own alternative.
Rod_Patrick (Diary) Tuesday, September 30th at 9:29AM EST (link)That’s what the house republicans should do.
Given the negative public sentiment against the republicans, we must make sure that our alternative is:
populist. Addressing the problems of the common people regardless of circumstances. But this time, it should be non-partisan and neutral: NO ACORN, no black congressional caucus, etc. Only Americans.
No grandfathering. Let Fannie and Freddie go. Let Wall Street old timers die. Let them die the natural death. Establish a new one, smaller one, with new leadership and new staffing. If a new private sector entity is willing to take the risk and invest in such effort, then so be it.
I'm glad it failed! What site am I even on?
jrettin08 Tuesday, September 30th at 9:31AM EST (link)I’m with you on the blame game that is going on. It seems like typical democrat behavior. As far as the bailout itself goes, I feel as if I am in bizarro world with ‘free market’ advocates trying to coerce the American people into supporting statism like intervention in all sectors of the economy. Some of us need to take a look in the mirror. Also, take a look at this short commercial that spells out how ridiculous this whole business is:
Commercial Against the Bailout
The Numbers: Obama, Pelosi, and Frank failed
Xanadu Tuesday, September 30th at 9:34AM EST (link)Longtime Sens. Dodd and Kerry received large contributions from Fannie/Freddie.
Sen. Obama received almost as much even though he just joined the senate! And he had a buddy from Fannie/Freddie to chair his VP search committee!
Cong. Barney Frank chairs the house committee that is supposed to protect taxpayers and homeowners.
Sen. Reid and Speaker Pelosi are going off the deep end in a desperate attempt to shift blame from themselves.
See former Pres. Clinton’s comments: http://www.youtube.com/watch?v=n2TT4jrIIak
The Bush administration tried to reign in Fannie/Freddie and was blocked by Dems to protect liberal political contributions.
John McCain co-sponsored a bill to correct this financial problem. It was killed by Dems on a party line vote in Sen. Chris “Sweetheart Mortgage Deal” Dodd’s committee.
Dems. control the house and could have passed a bailout bill by themselves. Dems wanted to give 20% of any future profits from the sale of mortgages to Acorn which helps Dems at election time instead of returning profits to tax payers. John McCain and house Republicans killed this give away.
Watch this video that Libs tried to take down:
http://www.youtube.com/TheMouthPeace
jrettin08...I am THRILLED it failed and some of these diaries make me wonder what SITE I am on!
JadedByPolitics (Diary) Tuesday, September 30th at 9:37AM EST (link)nt
Unified Patriots – How-To:
Activists Taking Action
I appreciate your resposne but...
Patricia_C (Diary) Tuesday, September 30th at 9:39AM EST (link)“Bush *made it *difficult”?
Bush made it difficult for republicans to stand up for what is right in public?
Bush was wrong!
… and since when was John McCain more concerned about appearances or what other people think when standing up for what he believes is right? Isn’t he sort of running on that very platform… calling people out on corruption… making them “famous”?
Why is standing up and saying to George Bush, “Dude, that plan stinks.” a bad thing? McCain didn’t seem to have any trouble rocking boats before. Why now?
McCain keeps trying to get the point out that he “isn’t George Bush”, yet when it comes to proving it… he chickens out?
Is it “Maverick”… or “Gelding”?
The Wall Street Journal has an interesting opinion about Nancy and The New Congress in Town…
McCain and the rest of the republicans have to get their courage on and just go out there and tell it like it is…
I am tired of watching republicans cowering, too afraid of what someone might think or whether or not they’ll lose their precious seat if they stand up and offend someone by having the cajones to tell the truth.
McCain said he’d rather lose an election than a war… I guess he only meant against terrorists trying to destroy our country from the outside… not democrats who are trying to do it from Capitol Hill.
http://online.wsj.com/article/SB122273257698488295.html
“Even when you fall on your face, you’re still moving forward.”
We should take credit for killing this bailout.
Staunch_Libertarian (Diary) Tuesday, September 30th at 9:53AM EST (link)What is wrong with standing up for small government and against corporate welfare? I have no idea why people are fleeing from the fact that House Republicans once again did the right thing just like when they killed the immigration bill.
————————————————————-
I am a Positivist Pastafarian for the alliteration alone.
Exactly
olderthangandalf Tuesday, September 30th at 9:55AM EST (link)The “Pelosi made this fail” is a terrible, stupid, idiotic, dumb as rocks approach.
First, no one with a brain believes it. Pelosi got most of her caucus on board. We didn’t. Everyone who has paid attention knows full well that if the Dems had passed this on their own the next step would have been Republicans attacking them for having passed it – including some of the same people attacking them for not having passed it.
Second, it cuts the legs out from under the argument that it was a good thing to not pass this bill as it was. If it should have been passed and those bad Dems let us all down, that implies it was a good bill, and implies that the majority of Republicans let us down even more.
Why not just say it needed killing, and propose something better – even if only a little bit better – when things start up again in a day or two?
The internally inconsistent, reality defying arguments that we should all blame the Democrats who voted for it, just not quite enough, is going to get us nowhere.
I don't understand that thinking.
Staunch_Libertarian (Diary) Tuesday, September 30th at 9:56AM EST (link)The public needs to be informed about this bill just like the immigration bill House Republicans killed. The House Repulbicans are our thin red line from socialism and we have to stand with them. Come on! The public will be clamoring for a good bill not a corporate welfare bill. There is no need to surrender before the fight begins.
————————————————————-
I am a Positivist Pastafarian for the alliteration alone.
Free Market Alternatives
jimmuy8 (Diary) Tuesday, September 30th at 9:58AM EST (link)Why not?
How about instead of government purchase, we have some sort of matching funds? Where new companies can obtain some ratio of start-up money. Like small business loans. Let these distressed firms sell off their troubled assets to separate entities. If they are strong otherwise (as if often claimed), they should be able to slough off the deadwood. Some will fail and some will succeed. But, at least we still have capitalism.
Only by the MSM and Dem. leaders
Maggie_in_Indiana (Diary) Tuesday, September 30th at 9:58AM EST (link)not by the our party,and most independents. They are not happy with this bill either.
Maggie in Indiana
No one knows what the public will do.
Staunch_Libertarian (Diary) Tuesday, September 30th at 9:59AM EST (link)You certainly can’t abandon your priniciples on a hunch that the public will diagree with you. People were constantly warning that the country was all for the immigration bill House Republicans killed and it turned out to that the public was actually against the bill once they discovered how absurd it was.
————————————————————-
I am a Positivist Pastafarian for the alliteration alone.
Color me thrilled as well.
Staunch_Libertarian (Diary) Tuesday, September 30th at 10:02AM EST (link)I think these House Republicans are our last hope for sanity. That is why I’ve been concentrating my donations and support to House Republicans this election year. They stand for what I stand for. Killing this bailout was the best thing since their killing of the immigration bill.
————————————————————-
I am a Positivist Pastafarian for the alliteration alone.
House Conservatives
Maggie_in_Indiana (Diary) Tuesday, September 30th at 10:06AM EST (link)have an alternative plan that didn’t get much consideration by our own party,because the focus was on handing over $700 billion to the guys who had a hand in this mess.
I know I bring up Mike Pence alot,but he and other conservatives always stay true to the small gov.,low taxes,and representing the people. They should be heard. The Democrats who voted against it are saying the same thing…almost.
Maggie in Indiana
Now, then, it the time to trumpet it
jimmuy8 (Diary) Tuesday, September 30th at 10:25AM EST (link)Standing there, looking stupid, letting the blame be heaped upon them is not a winning strategy. Today is the day to have a public spectacle, a news conference of 100+ Republicans–enough to present the appearance of a united front–announcing their free-market, money-saving, common-sense approach.
Change the darn narrative! Quit talking about how we might be able to polish their turd and make them explain why we shouldn’t be trying to save the taxpayers money–especially if tough times are coming. Every sentence out of their mouths should include at least the phrases “common-sense,” “free-market” or “money-saving.” That changes the narrative to “we are in this mess because of a failure of various individuals and firms to adhere to those basic principles that every responsible American lives by.” That is the gut response of ordinary Americans anyway, that’s why there is so much opposition to this.
Who the devil is running this clown show anyway?!
The number is one...
Samsara (Diary) Tuesday, September 30th at 10:29AM EST (link)That would be the number of Republican Representatives from PA’s ninth congressional district who voted against the “unpopular but necessary” bailout package. He still says that there is a crisis, but he has no reputable counter proposal to offer.
That is because House Republicans have no reputable counter-proposal to offer. Gingrich was on FOX last night musing about all these alternative plans. When asked why Hank Paulson hasn’t put forward any of these alternatives if there so good, Gingrich responded that Paulson has been behaving with hubris.
LOL
Gingrich then said that he would have voted for the plan if he was in the House. That after encouraging House Republicans to revolt the day before on the Sean Hannity show.
Well, if it sells books.
Sorry, but on a complete different subject, I had to laugh at your "bizarro" comment
ZootSuit (Diary) Tuesday, September 30th at 10:43AM EST (link)Yep!
***** Unrepentant African-American nationalist, Unapologetic African-American conservative!
Amen. The irony is, I initially supported the plan
JSobieski (Diary) Tuesday, September 30th at 10:48AM EST (link)out of deference to Presiden Bush. After reading up on it, I considered there to be far better superior alternatives, alternatives which were never discussed or apparently entertained by Congress due to the Paulson-Or-Nothing Public Policy Rule.
If the alternatives are flawed, Paulson should explain why and not merely ignore them all.
$700B exceed the size of the Defense budget.
Purchasing private assets at prices ilegal
My rules of the road for primary season.
Rule #1: Vote for YOUR first choice in the primaries
Rule #2: Vote for the R in the general.
Rule #3: Don’t let anyone convince you to violate Rule #1 or Rule #2
Rule #4: When in a center-right argument, reaffirm Rules #1-#3–it will help us all to get along better.
Rule #5: If you are using the language of the left, you probably aren’t furthering conservativism
Rule #6: The priority is issues first, candidates second, and supporters third. Nobody is bigger than the issues. Conversely, if you spend your time focusing on supporters, you are wasting everyone’s time.
STOP THE MADNESS!
A reduction in the rate of spending increases is NOT a cut!
In-state tuition for illegals is NOT amnesty!
Requiring someone to pay their medical bills is NOT an individual mandate!
Reducing tax rates is NOT a tax increase!
And watch this before they try and pull it. I have it copied so.....
izoneguy (Diary) Tuesday, September 30th at 10:54AM EST (link)The point cannot be made often enough: Modern liberalism, as embodied in the Obama presidency, is the defender of the status quo. And the status quo is a road to economic ruin. Political forces cannot redistribute the wealth that the economic system does not produce.
The blamestorm is silly.
MrSandman (Diary) Tuesday, September 30th at 10:56AM EST (link)Pelosi got ~60% of her party to vote yes.
Boehner got ~30% of his party to vote yes.
Yet RS is flailing away trying to blame the Dems….all for a POS bill that wouldn’t have worked anyway.
The GOP should be ecstatic the vote failed. Unless we really have turned our back on free market capitalist principle….which I can’t believe to be true.
Let it go. Move on.
Firing Paulson and Bernanke would be an excellent PR move. The public seeks competence and accountability. Here would be a fine place to start.
“Americans can no longer trust the economic information they are getting from this Administration.”
— Republican Senator Jim DeMint
It's high time for McCain to disagree with Pres. Bush on this bailout.
Rod_Patrick (Diary) Tuesday, September 30th at 11:04AM EST (link)We need a clean Bill to start on… and not just a rehash of Paulson plan.
Obama's Leadership (Sarc), Pelosi's Disgrace
ggross56 (Diary) Tuesday, September 30th at 11:08AM EST (link)That’s what I titled this post.
Republican Study Committee Alternative Plan
Maggie_in_Indiana (Diary) Tuesday, September 30th at 11:38AM EST (link)It’s limk is on Mike Pence’s site http://mikepence.house.gov/News/DocumentSingle.aspx?DocumentID=104038.
Could work.
Maggie in Indiana
Bailout not popular.
hrtlndmom Tuesday, September 30th at 7:43PM EST (link)Looks like we’ll have a Republican congress again because no one but Wall Street wants this bailout. There aren’t enough voters on Wall Street to get anyone elected. Therefore, any senator or representative who is up for re-election and votes for the bailout will not be re-elected. This is going to work to the Republicans’ advantage.
Most people think the market correction will not effect them. It probably will if something isn’t done. But to reward these bozos who caused all the problems with a bailout is not the right thing to do. Leaders in Washington need to think this thing through and come up with something better.
Thanks, Ms. Maggie.
Rod_Patrick (Diary) Thursday, October 2nd at 4:30AM EST (link)I will surely visit the link you gave me.
Hope we solve of this financial crisis in a “free market” way and still electing a conservative president by November.
May God help us all!