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EDITOR OF REDSTATE

Remember, the GOP got savaged for voting against the bailout

By: Erick Erickson (Diary)  |  March 17th, 2009 at 11:09 PM  | 

RESIZE: AAA

With all the news about about the AIG bonuses, there are a couple of things worth remembering.

First, the GOP voted against the stimulus. Why? Because it won’t stimulate anything and the Democrats decided to rush it through without letting anyone read it.

This is what happens when you write legislation in secret then rush it through.

Second, will federal prosecutors indict Chris Dodd? Dodd sneaked in a provision to protect AIG bonuses. Congress, via Dodd’s last minute amendment, specifically granted AIG permission to give the bonuses.

Dodd, you will recall, got more money from AIG than any other elected official.

Obama was the second largest recipient. Did Obama know about the provision?

The GOP should just be sitting back and watching this mess play out. They voted against the Dodd provision. They voted against the stimulus.

The Democrats own this. They own the bonuses. They own AIG. Let them deal with it.

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COMMENTS

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  • jimmuy8

    How many GOP elected will say that tomorrowt? How many will make that position known? Because sitting back is nice if you can count on the truth getting out. We don’t have that luxury–we have to make sure the truth gets out. We have a media invested in ensuring the truth never, ever gets out.

    Remember: “Good soldier” Arlen voted for the turd sandwich. That makes it “bi-partisan.”

  • liberalrepublican

    Time to measure Dodd for an orange jump suit.

  • http://dezignworx-ae.com tsquare

    Naaaahhhh…

    Me Neither…

  • manstreammedia

    there were a way to efficiently spread this information around. They are not only blowing something completely out of proportion, but doing so with something of their own creation (I guess until the newspapers get the listserv commands to delete the written evidence from online papers).

  • INC

    Nemesis (in Greek, ???????), … in Greek mythology was the spirit of divine punishment against those who succumb to hubris, vengeful fate personified as a remorseless goddess. The name Nemesis is related to the Greek word ???????, meaning “to give what is due”.

  • Mayhem

    ownership society!

  • dwarfmama

    Disagree that Republicans should sit back and watch.

    Republicans should proclaim from the housetops, over and over, “WE TRIED TO STOP THIS!”

  • Praying

    Let’s not forget our favorite 3 RINOs. Just as elections have consequences, so does screwing your party solidarity.

    Lightning Strike

  • liberalrepublican

    This crisis will end.

    They always do. And there will be some form of recovery.

    The D’s are going to claim victory for the natural business cycle.

    And R’s are going to have to be ready to fight that.

    Right now, I would say the D’s are in better shape to win that argument.

  • Mike gamecock DeVine

    The stock market and the general economy.

    An imoending change in mark to market rules has been signalled by Treasury and that, along with the fact that the big banks are actually making money despite stock price falls since the crisis and bailouts, is causing a bull market and we may well have reached bottom on that. This could be quite good for Obama given people’s 401K’s etc, depending on how high the market rises. I suspect the top of the bull market will be quite limited given the lower expected corp profits and higher taxes.

    As to GDP and unemployment, I think any growth will be anemic for 2-3 years and that unemployment will remain high as well and that this will hurt the dems.

    Given the above and given the historical record of 1st congressional elections after a new president, I see major gop gains in the house and a few seats in the senate in 2010.

    What the GOP must do is sustain their opposition to the carbon and energy taxes esp and the actions of the congress and obama that provide govt jobs but that prevent private sector jobs like the enviromentla wackos…

    Plus, there is the prospect of inflation that would be all on the dems.

    The best thing Obama and America has going for them is Bernanke.

    see his 60 minutes podcast