Calvin and Hobbes Explain the Auto Bailout
(H/T to Van Schaffner.)
Bailout
Blame Bush
I find it hard to believe Obama could be more disastrous at this point on the auto bailout than George Bush has been. Jenn Rubin points out that the Senate was very close to a deal on the bailout, but Gettelfinger, the UAW head, refused to any concessions to get a deal. Why? Because he knew he could get everything he wanted from George Bush | Read More »
Call Your Senator at 202-224-3121. Tell Him to Vote No on the Bailout.
The House of Representatives passed the bailout bill last night. the United States Senate will now consider it. Call your Senator at 202-224-3121 and urge him to vote no. Call for your friends and get your friends to do the same thing. PS – Thanks for all the kind words about Gunnar. Mother and child are doing well.
GM Will Use Bailout Money to Help Brazil’s Economy
The Latin American Herald Tribune reports General Motors (GM) plans to invest $1 billion in Brazil to avoid the kind of problems the U.S. automaker is facing in its home market, said the beleaguered car maker. According to the president of GM Brazil-Mercosur, Jaime Ardila, the funding will come from the package of financial aid that the manufacturer will receive from the U.S. government and | Read More »
Thad McCotter Can Suck Eggs on This One
Standing in the well of the House today, Thad McCotter (R-MI), who I sincerely like, did what the constitution expects — he stood up for his constituents and voted for the bailout. I’d expect nothing less of a Congressman from Michigan. The bailout will benefit his constituents. But in his floor speech imploring others to do the same, he ran aground on some populist rhetoric. | Read More »
NBC Yanks SNL Skit From Internet To Help Democrats
The Saturday Night LIve skit lampooning the mortgage bailout has been yanked from the internet by NBC. GregInFla [mentioned this] (http://www.redstate.com/diaries/redstate/2008/oct/06/snl-bows-to-liberal-pressures-as-nbc-shows-i/) yesterday. The skit correctly pointed out that the Democrats blocked oversight of Fannie Mae and Freddie Mac when President Bush and the Republicans warned them there was a problem coming. Likewise, the skit mocked Herbert and Marion Sandler and George Soros, three of the | Read More »
Having Been Screwed By Fannie Mae, Barney Frank Now Plays the Race Card
Let’s recap: Barney Frank gets screwed by a Fannie Mae executive quite literally. Yep. You got me. After enjoying it so much, Frank then decided the nation needed to experience what had happened to him. Only the nation didn’t like it so much. Collectively, we don’t swing that way. Now, of course, we have the mortgage crisis. This is all related to Frank turning the | Read More »
Capturing the Sentiment of the Grassroots
For you members of Congress who voted for the bailout, consider my wife. My wife is mad as hell that this bailout bill passed today. I mean, she won’t even rationally discuss it with me because she is so damned mad about it. She finally said tonight that if they’d shut down Fannie and Freddie and passed the bailout, she’d be fine because at least | Read More »
Tags: Bailout
Making Its Way Around the Internets
MY DEAR AMERICAN FRIEND: I AM NEEDING TO ASK YOU TO SUPPORT AN URGENT SECRET BUSINESS RELATIONSHIP WITH A TRANSFER OF FUNDS OF GREAT MAGNITUDE. I AM MINISTRY OF THE TREASURY OF THE REPUBLIC OF AMERICA. MY COUNTRY HAS HAD CRISIS THAT HAS CAUSED NEED FOR LARGE TRANSFER OF FUNDS OF 700 BILLION OF YOUR DOLLARS (US). IF YOU WOULD ASSIST ME IN THIS TRANSFER | Read More »
Tags: Bailout, Hank Paulson
Barney Frank thinks getting screwed by Fannie execs was so much fun, he let them do it to the taxpayer.
Earlier today, romantic connections between Democratic lawmaker Barney Frank and Fannie Mae executives1 were detailed in the media. During the 1990′s, Frank – who is openly gay – had romantic relationships with key Fannie Mae executives during his tenure on the House banking committee. Frank often explored Fannie; and in public, Frank maintained that Fannie Mae was a firm and robust organization. Supporters of Fannie | Read More »
A Conservative Reality Check: Main Street is Tied to Wall Street
If you listen closely, you can hear a lot of the “hell no” rhetoric starting to shift to “maybe we should vote for a plan.” Even Tom Coburn has now said he would vote for the plan. Why? Because while the conservatives on the Hill have been listening to people like me and you who are opposed to the plan, they are starting to hear | Read More »
A few points
The media today is trumpeting the fact that today the Dow Jones Industrial Average dropped by more points than on any other day in history. This caught my attention not because of the number, but because usually the media also gives us the percentage drop. Today they did not — caught up instead in the number. Peter Robinson notes the drop was only 7% in | Read More »
Barack Obama Was Too Worried About Laundry To Rally Democrats
On MSNBC earlier, Bill Burton, Barack Obama’s spin master said I mean on saturday night when the negotiators were all getting together, [McCain] wasn’t making phone calls and doing the work. He was actually out at one of the finest restaurants in Washington, D.C., on a double date with his wife. I think Joe Lieberman was there with their wives. I understand they had a | Read More »
Just digest this statement
In fact, some of the most basic details, including the $700 billion figure Treasury would use to buy up bad debt, are fuzzy. “It’s not based on any particular data point,” a Treasury spokeswoman told Forbes.com Tuesday. “We just wanted to choose a really large number.” (SOURCE)
The Bailout
People vastly smarter than me say that the Paulson bailout plan is a necessity to prevent a market meltdown. I trust these people. But I also know that people smarter than me got us into this mess and the Democrats will not allow us out of this mess without creating another mess of some sort down the road. I have no bone to pick with | Read More »
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