Monday, September 29, 2008

No Deal #2!

This is the bit that interested me most:


Republicans blamed Pelosi's scathing speech near the close of the debate - which attacked Bush's economic policies and a "right-wing ideology of anything goes, no supervision, no discipline, no regulation" of financial markets - for the vote's failure.

"We could have gotten there today had it not been for the partisan speech that the speaker gave on the floor of the House," Minority Leader John Boehner said. Pelosi's words, the Ohio Republican said, "poisoned our conference, caused a number of members that we thought we could get, to go south."



Comment: So this supposedly monumentally important bailout can be postponed for more political posturing. Is that right? I thought we were in panic mode - that we had to do something right the fuck NOW, as in TODAY!

Remember about what I said about the Rethugs backing away from this as if it were radioactive? They are doing it again - they caused the situation, and now want the Democrats to have to take the blame for the fix.

This was caused by deregulation. "Free markets" have never existed, nor should they. Banks and financial markets must be heavily regulated in the future. Did we learn nothing from the S&L scandal of so many years ago?

WTF, people. Wake up and smell the social democracy!

P.S. The news article I link to above was altered during the time I first saw it and the time I posted about it. I am sticking to my version above.