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A Perfect Example of Media Bias

On the Brink: Dow Plunges on Fears House Will Not Pass Bailout

Bailout Plan Defeated as Republicans Rebuff President

That is the headline at ABC.  In the body of the piece, Jake Tapper relates that in addition to many Republicans, 95 Democrats voted Nay.  Why then does his headline point the finger solely at the Republicans?

Because ABC, like other so-called journalistic outlets, needs to get themselves into the blame game.  It’s no longer good enough to report the news, they also need to become editorial analysts.

This is a cross post from my home at Partizane.com

Some of the article.

By JAKE TAPPER
Sept. 29, 2008

House Republicans shocked the White House — and the stock market — by rejecting the Bush administration’s gargantuan Wall Street bailout today.
The president makes a statement on Emergency Economic Stabilization Act of 2008.

The House vote for the $700 billion rescue plan had been expected to be close, but the chance of it passing was doomed when 132 Republican House members voted against it. Only 66 Republicans backed their president’s plan.


Notice he starts with

House Republicans shocked the White House

Not House Shocked the White House, or Democrats Shock the White House, or Democrats Shock Speaker of the House Nancy Pelosi by ignoring her calls for unity.

Most Democrats supported the White House on the issue, with 138 of them voting for it, but even among the Democrats 95 opposed the measure.

This is pure and open bias by ABC.  I don’t know who’s at fault and I don’t really give a shit.  It is not ABC’s job to fix blame.

A quick check shows (as of 4PM 9/29/08) MSNBC with no overt bias, NYT, CBS and WSJ were ok also.

I may have to add ABC News to my unwatched list.  What about you?

  • Phishmelt

    i’m afraid there isn’t anyplace to go anymore to get the news on tv.

  • alexei

    New Hampster,

    I dislike Obama as much as you do. I believe that Pelosi and Reid are signally terrible in their leadership positions. However, the Republicans by 70% vote, rejected their President’s bill. The Democratic leadership delivered 60% of their caucus. Who failed? Bush and the Republican leadership.

    I am glad that this horrendous proposal was defeated because now I hope that the Democrats will act like Democrats and pass a bill that is good for the vast majority of Americans and not only what is good for the “upper 5%. Pass a bill with Hillary’s plan.

  • MaggiefromMichigan

    I’m sad to say I agree with you on adding ABC News to my unwatched list. I’m now down to CBS and Fox News. I used to be a loyal ABC GMA fan but I’ve already switched to Fox & Friends and have found them to be just as nice. If I was ABC News I’d be worried about losing news junkies like many of us.

    I was so very disappointed in George Steph’s after debate review. My hubby who’s not a news addict watched the debates and he felt George’s views and grades were way off. So we watched John McCain on George’s Sunday show and my husband suggested we send George our grade for him on that exchange (George D-, McCain A+). Seriously though George looked worried or mad on his own show last Sunday.

    And then there was Charlie Gibson’s interview of Sarah Palin which was totally unprofessional. Then to learn it was edited. The final kicker was watching interviews with Obama by Gibson.

  • jrterrier

    no problem. this is one time that media bias will help. the people — or like they like to refer to them main street — don’t want this bail out.

  • SJ

    Oh please if the democrats so wanted to pass this bill we all know they did not need the Republican votes, so what you have to ask your self is why did they want those votes in the first place, what were they looking for partners in crime so when the finger pointing starts its easy to say well the Repugs voted for it also.

    The democrats needed 12 votes to reach their magic number of 217 and neither Pelosi, or Obama and is he not the leader of the Democrats now? Obama with all his popularity could not find 12 democrats to support his leadership since he was all over the place saying it was his instructions in the bill so he should get the credit.

    Its time the media and people stop being so hypocritical and say exactly how it is

  • 30yrdem-not any more

    There was a guy from ABC on Greta tonight saying there is NO media bias so you know if they don’t see it they are in the tank…

  • churl

    They’ve been on my shit list since they helped Swiftboat Kerry; now Palin. Give’em three red thumbs on the TiVo, too.

  • StrawberryBitesBarky

    What are you talking about? I gave up Dishnetwork altogether. And I must say, I’m not even worried about the election anymore. Much clearer perspective. If Barky gets 40% of the vote, I’ll be shocked.

  • Lis

    I can’t even stand to watch TV anymore because it’s nothing but a bunch of lies.

  • StrawberryBitesBarky

    Not mention badly written.

  • mel

    Swing angle time for a minute here, anyone think for a moment that the GOP’s are fed up with feeding the lying Dems with more “vote GOP for Bush 3″ propaganda, when the Dem’s have more than supported Bush the past 8 years of bad deals?

    Last thursday we saw Obama siding with Bush, not McCain, what does that say?

    Obama the “judgement” candidate has no judgement, from hiring Johnson to pick a VP to taking Biden on as VP candidate, someone who voted for the Iraq war, double talk from a pathetic inexperienced human being.

    One thing learned today is not everyone is taking the Obama kool-aide plundge, so politicians can still think for themselves, not like Obama who solely thinks for what he can get for himself!

  • 30yrdem-not any more

    What do you think of this?

    The End of the U.S. Financial System as We Know It? [Larry Kudlow]

    A number of Republican House members and staff, along with others who are plugged in, are telling me that Nancy Pelosi and the Democrats will come back with a new bill that includes all the left-wing stuff that was scrubbed from the bill that was defeated today in the House.

    As this scenario goes, the House Democrats need 218 votes, and they have to pick up a number of black and Hispanic House members who jumped ship because the Wall Street provisions, in their view, were too benign. So things like the bankruptcy judges setting mortgage terms and rates, the ACORN slush-fund spending, the union proxy for corporate boards, stricter limits on executive compensation, and much larger equity ownership of selling banks through warrants will all find itself back in the new bill. Of course, this scenario will lose more Republican votes. But insiders tell me President Bush will take Secretary Paulson’s advice and sign that kind of legislation.

    Personally, if this scenario plays out, I would probably withdraw my support for the rescue mission and switch to plan B, which would center on the FDIC and its bank-recapitalization powers. The bank-ownership issue, in particular, could lead to heavy nationalization of America’s financial system with a three-house Democratic sweep in November.

    I’m not forecasting, because I don’t know the next bill’s content. And while McCain’s polls are heading south, he could still win. But a three-house Dem sweep to implement some off the very onerous provisions being talked about could set up the end of the U.S. financial system as we know it.

    I’m gonna wait and see. Obviously, the financial markets are in total collapse today. And the economic outlook is suffering.

    Tough day. One of the worst I can remember.

    Is this why the dems didn’t vote it through? They can put all of the junk on and pass it …ACORN anything they want….

  • benny

    true. the democrats have the majority. they could pass the bill easily. speaking of percentages is foolish. I predict that 90+ dems who voted against the bill will be termed as closet repubs. Pelosi is an awful leader. Giving a partisan speech just before a bi-partisan vote was extremely foolish. she manages to pi** everybody off.

  • Mr. X

    It wasn’t 70%. It was 33%. And 90 Democrats voted against it. If the Democrats can’t even vote for their own bill, why should anyone else vote for it? And be sure to note that this wasn’t Bush’s bill. The Democrats even had a section for ACORN in it. You think the Republicans would have put that in?

    Please try to stay somewhat credible next time.

  • Manu

    Most of what Jake Tapper writes is pro-Obama nonsense. He’s a member of the media empires that really want to oblitirate the McCain/Palin ticket. They’re probably expecting Obama to share some of his mana if he becomes president. Truly sad.

  • benny

    Is there a lack of responsible journalists? All of them seem to have biased angles. Its killing the profession.

  • http://www.governuts.us Agust304

    Karl Rove overheard a democrat on the floor hoping for the bill’s defeat so he could use it in his campaign against his republican opponent. The link was in an earlier post. Just repeating the obvious.

  • 30yrdem-not any more

    All of Pelosi’s buddies didn’t vote on it…they are using this for political gain…if this is used in an ad against anyone by dem or rep. it is wrong.

  • Objective analysis

    Check out CNN. Freaking Republican analysts are so in the tank for Obama.

    MsNBC is a joke. When 10/1/08 hits, the tapes need to come out. The bust that Michelle Obama wants to make of her as a queen looking a hot mess needs to come out.

    They need to show the proof. Fox News just laid out the DEMs lack of regulation tape. It is going to get ugly. Can’t wait for the popcorn.

    PUMA 2008!

  • StrawberryBitesBarky

    I don’t trust The Other White Meat as far as I can throw him. As far as I’m concerned, he was the brains behind getting Obama the nomination, not Axelrod. You don’t really believe there were crossover republican supporters for Barky who just happened to pull their support just in time for the GE, do you?

  • SJ

    For a man that was telling his supporters that he will make them famous, and that they will know their names McCain sure seems to be falling asleep on this one.

    This is the best chance he has of getting ahead of Obama but yet he remains quiet, leaving the work to Hannity on Fox, supporter on U Tube, blogs.

    McCain needs to rip this ACORN/OBAMA, Fannie Mac nonsense wide open, call names say what you know but he is stuck on this lets meet and greet nonsense of crossing the isle that he is not doing his party justice.

  • tish

    fox news is the only one, for now
    DONT LET THEM FOOL YOU, THEY ARE WORRIED ABOUT THEMSELVES AND THEIR STOCKS Sep 29, ’08 11:08 PM
    for everyone

    DONT LET THEM SELL OUT OUR KIDS TO SOCIALISM, IF WE GO INTO A DEPRESSION SO BE IT, DONT LET THEM KEEP TELLING THE REPUBS NO WAY, NEWT HAS SOME GREAT IDEAS THAT THEY CAN TRY…WITHOUT GIVING THE TREASURER FREEDOM TO SPEND ALMOST 1 TRILLON DOLLARS AND NOT EVEN KNOW IF IT WILL WORK, PELOSI AND REID KNOW FULL WELL HES OUT OF THERE IN A FEW MONTHS AND THEY WILL PICK SOMEONE WHO WILL FUNNEL THIS MONEY TO THEM AND THEIR PALS…BE VERY CAREFUL…KNOW WHAT THEY ARE REALLY UP TO..THERE IS QUESTIONABLE DEALINGS GOING ON WITH THIS TREASURER AND HIS CONNECTION TO HIS PAST AND AIG GETTING 20 MILLON, WHEN I FIND THIS INFORMATION I WILL POST IT..

  • fred

    You will never get a clear reflection of the polls when you have pollsters polling more democrats than republicans and independents in there polls. If you look at the polls you will find they poll from 3%-5% more democrats than republicans. Ive always relied on state polls conducted by the pollster in that state. Obama is spending 39 million in FL to win the state, he’s spending the money to target the Cuban community and help get out the vote in AA areas. I think it’s a waste the Cuban’s will vote for McCain and FL has a large black republican base. McCain will win FL

  • MMI

    If the MSM had interviewed people other than Pelosi, Reid, Dodd, Frank, Blunt, and Gregg, they might have had a clue that a deal was not a sure thing.

    McCain told them last week that House Republicans were opposed to the Paulson plan. The MSM ignored him and repeated the lie told by Pelosi, Reid, Dodd, and Frank which was that there was a deal. There never was a deal.

    Thank goodness Congress still votes publicly. Otherwise Pelosi and Reid would be out there spinning that Congress had voted for the Pelosi-Paulson plan. Then the MSM would have reported that as fact.

  • tish

    PLEASE NOTE FOX IS THE MOST FAIR, BUT LISTEN TO ME, ON GRETA TONITE , NEWT AND SHE MENTIONED A CONNECTION WITH THE TREASURER AND AIG GETTING 20 MILLON,,,NOW LISTENKERRY IS ON FOX SKIRTING AROUND HIS LIES, OREILLY ASKED HIM WHY DID THE DEMS BLOCK THE BILL MCCAIN HAD OUT ABOUT THE CRISIS IN THE MAKING IN 2005 , HE QUICKLY CHANGED THE SUBJECT,,THEY ARE REAL GOOD AT FOOLING PEOPLE, BUSH HAS BEEN TRYING TO DO SOMETHING ON THIS SINCE 2001, AND THE DEMS HAVE HAD CONTROL FOR OVER 2 YRS NOW, AND DID NOTHING…THEY ARE IN THIS SO DEEP ITS INSANE,,,WHY, WHAT BETTER WAY TO LOOK LIKE ITS ALL THE REPUBS FAULT, SO THEY WILL HAVE COMPLETE CONTROL, AND TO TURN THIS INTO A SOCIALIZED, COMMUNIZED COUNTRY, WHY DO YOU THINK THAT OBAMAS PALS MENTORS ARE ALL COMMUNISTS? ENDORSERS? OR SOCIALISTS

  • Paul3triple

    look, 7 members of Barney franks bank committee voted this bill down.
    Every committee leader on the dem side voted it down. Both sides can be blamed but not one more than the other for the failure.
    over 40% of dems voted nay and nancy pelosi went on 5 minute hyper partisan rant attacking republicans.
    As leader of the house it is her job to try and bring it together not rip it to pieces.
    Also, Obama who said he could transcend politics and was post partisan made no effort to put aside his ambition and own personal goals to help push this through. Imagine if he had stayed in DC all weekend with McCain and worked with him to run this through.

    I find it amazing that yesterday Obama said on the sunday show that McCain deserved no credit if it passed and it was him(obama) who got the package together.
    And now they all blame Mccain and say he can take credit for failure.

    Personally i am glad it got killed on the house floor. A bill needs done but not that one. I honestly think that the Cantor Plan would do the trick. I think McCain needs to come out in full throated support for it and push it like he has never pushed an econmic agenda before.
    He also needs to tell poeple that if our economy keeps taking hits like this, there is absolutely no entitlement programs obama has proposed that can work. There will not be enough “rich” poeple to tax.
    250,000 dollars is the amount of dough over 75% of small business makes and his plan will cripple the backbone of our economic structure.

  • tish

    FOX CABLE , NOT THE REGULAR FOX

  • hadenough

    obama campaign co-chair jesse jackson jr. voted against the $700 billion give away. Is that mccain’s fault?

  • http://www.governuts.us Agust304

    Hi.

    You make good points. If you avoid all upper case it makes it easier for old folks like me to read it.

    Thanks.

  • JozefAL

    Well, as surprising as this may be, I seriously doubt that any of the Dems who opposed this bill will be deemed “closet Republicans” because the opposite would then be true–that Republicans supporting this bill are “closet Democrats”. The reason this is impossible is the fact that only ONE Alabama Republican voted AGAINST the bill, and I can’t recall a time when any Alabama Republican voted on the same side as BOTH of Alabama’s Democratic members when it comes to economic matters. Spencer Bachus and Terry Everett are among the MOST conservative of the GOP conservatives in Congress and both of them supported the bill. Only Bud Aderholt opposed the bill.
    And considering that Dennis Kucinich (the only Dem running for President to openly endorse same-sex marriage, not just “civil unions”) voted against the bill, I don’t think the “closet Republican” issue will hold up.

  • joseyj

    Media corporations and their Wall Street corporate sponsors gladly promote Oblahma – KNOWING he won’t hold them accountable after ushering him into the White House.

    They ALL knew a bigger financial crisis was coming when the government took over Fannie and Freddie a few weeks ago. And banks don’t suddenly close overnight without anyone knowing.

    Obama is a bought man.

  • benny

    Votes in the house ALWAYS (or at least almost always) are known before the vote. The vote is a formality.

    Since only the majority can force a vote they can determine exactly how many votes they have before ever calling the vote.

    Only time to call a vote is to defeat an opposition bill. That isn’t the case here. Pelosi was for the bill.

    Which can mean ONLY one thing. She HAD enough votes before she opened her mouth.

    Going on a GOP/Bush bashing tirade just before calling the vote was stupid. She knew she needed x # of Rep votes for it to pass. She lost just enough votes in the 2 minutes before the vote for it to fail.

    I don’t care what party you are from, what your politics are, or if you are pro/against the bailout. This is sheer incompetence and shows a massive lack of leadership and ability by the majority party to have the bill they support and they brought to a vote defeated.

  • http://www.governuts.us Agust304

    I do not agree. I am a moderate Independent. I reserve the right to dislike Rove as much as you. But I do not think he is part of the Obama campaign.

  • joseyj

    I thot ACORN had been removed from the bill as a concession to Repubs.
    Even Kucinich and other far left Dems voted against it.

  • MMI

    Obama with his 800 million dollar earmark history cannot be tied to a pork bill. If Pelosi pushes a pork laden bill, Democrats will loose some seats in Congress, and Obama will loose the election.

    It is a bluff.

  • csuzeq

    Yes, what happened to that whole uniter thing!

  • MaggiefromMichigan

    Maybe McCain knows the Dems will try to add back ACORN and their other CRAP (sorry…) and he will hold a press conference and expose this. If he and others who agree make a stand and speak directly to the American people I think it would help him. I work in an environment with accounting professionals and everyone feels that noone is explaining the problem to the American people in enough detail. And the American people need to understand who is responsible and how this came about as part of understanding it.

  • http://www.governuts.us Agust304

    She knew she did not have the votes. She wanted it to fail. That way she could blame the GOP. They have no interest in you or me. Just politics.

  • Cubs in 08

    …IF WE GO INTO A DEPRESSION SO BE IT…

    I was talking to my 82-year old mother this evening, and that’s exactly what she said. She grew up in the 1930′s and came from a farming community, so her family was hit hard (lost 3 farms). They NEVER TOOK GOVERNMENT HANDOUTS! People learned to go without new things and made do with what they had. They survived and kept their INDEPENDENCE!

  • http://mitchellblatt.com/blog Mitchell Blatt

    I’m conservative, and I like that headline. When Republicans followed the party line, they were criticized. Now the media is acknowledging they are going against the President on the awful bill. It’s trickle down socialism, and Republicans won’t stand for it.

  • R2D2

    Excellent point. Pelosi is full of shit and she wanted to make political points by bashing the president when she was willing to give the administration everything it wanted before the Republicans screamed that there was no deal.

    This bias is not so bad for the Republicans because most Americans are against the bailout. It’s saying that the Republicans are not in lock-step with the administration.

    I see it as a win for the Republicans and a loss for Pelosi.

  • Paul3triple

    if obama is so post partisan he should have stayed in DC wheile McCain was there and got it passed.
    McCain said last week next to no house pubs were on board. all they needed was 12 more votes. Obama and Pelosi had close comrades who voted no.
    Pelosi stacked the deck starting last week with the MSM’s help. No matter what way it went it was bad for repubs.
    The democrats have the worse leadership in the world.
    If the party’s invloved did not spend 4-5 days having to get out the nasty pork for radical left groups they may have come to a much better deal. The dems made this about politics from the start.
    They just came to an agreement with leadership last night and then through it on the floor first thing in the morning before anyone had a chance to really run through the 101 page bailout.
    Pelosi and Reid mishandled it in the worse way from the very start.
    Of course 12 more pubs could have come on as well but they were against it from the atart and had to take shit Pelosi all last week and had to fight to stop the slush funds for electioneers. It was horrid.

  • R2D2

    McCain needs to put Barney Frank in one of those commercials. McCain introduced a bill in 2006 and had a great speech to go with it. Maybe he can re-create the speech, but unlike Obama’s 2002 Iraq speech, McCain’s would have really been beneficial if the bill had passed:

    http://www.govtrack.us/congress/record.xpd?id=109-s20060525-16&bill=s109-190

    FEDERAL HOUSING ENTERPRISE REGULATORY REFORM ACT OF 2005

    The United States Senate

    May 25, 2006
    Section 16

    Sen. John McCain [R-AZ]:

    Mr. President, this week Fannie Mae’s regulator reported that the company’s quarterly reports of profit growth over the past few years were “illusions deliberately and systematically created” by the company’s senior management, which resulted in a $10.6 billion accounting scandal.

    The Office of Federal Housing Enterprise Oversight’s report goes on to say that Fannie Mae employees deliberately and intentionally manipulated financial reports to hit earnings targets in order to trigger bonuses for senior executives. In the case of Franklin Raines, Fannie Mae’s former chief executive officer, OFHEO’s report shows that over half of Mr. Raines’ compensation for the 6 years through 2003 was directly tied to meeting earnings targets. The report of financial misconduct at Fannie Mae echoes the deeply troubling $5 billion profit restatement at Freddie Mac.

    The OFHEO report also states that Fannie Mae used its political power to lobby Congress in an effort to interfere with the regulator’s examination of the company’s accounting problems. This report comes some weeks after Freddie Mac paid a record $3.8 million fine in a settlement with the Federal Election Commission and restated lobbying disclosure reports from 2004 to 2005. These are entities that have demonstrated over and over again that they are deeply in need of reform.

    For years I have been concerned about the regulatory structure that governs Fannie Mae and Freddie Mac–known as Government-sponsored entities or GSEs–and the sheer magnitude of these companies and the role they play in the housing market. OFHEO’s report this week does nothing to ease these concerns. In fact, the report does quite the contrary. OFHEO’s report solidifies my view that the GSEs need to be reformed without delay.
    Quick Info
    S. 190 [109th]: Federal Housing Enterprise Regulatory Reform Act of 2005
    Last Action: Committee on Banking, Housing, and Urban Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.
    Status: Dead

    I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190, to underscore my support for quick passage of GSE regulatory reform legislation. If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole.

    I urge my colleagues to support swift action on this GSE reform legislation.

  • http://www.governuts.us Agust304

    Paul3

    pubs

    The dems were actually out registering drunks in pubs. Sorry. I could not resist that one. Good evening.

  • jwrjr

    That jackass Olbermann did the same thing. Lots of attention to the Republicans who voted against the bill. As for the democrats who opposed the bill … {crickets}.

  • bert

    A number of Republican House members and staff, along with others who are plugged in, are telling me that Nancy Pelosi and the Democrats will come back with a new bill that includes all the left-wing stuff that was scrubbed from the bill that was defeated today in the House.

    Newt said the exact same thing tomight on Greta.

  • hadenough

    Bloomberg news: Stocks shed $1.2 trillion in market value and it was the S&P’s worst day since the crash of October 1987.

  • Hillary the President

    Sorry, this is off-topic.
    Below, I copied the details posted by Mr. Philip Berg’s office.

    NOW, it is the time to seek the truth by helping Mr. Berg who is standing up for the Constitution. Please send $5 or $10 or more if you can to the address here or visit obamacrimes.com for online contribution.
    Thank you.

    Mr. Berg’s address:

    Philip J. Berg, Esquire
    555 Andorra Glen Court, Suite 12
    Lafayette Hill, PA 19444-2531

    * * * * * * * * *
    Obama Crimes
    Berg files opposition to defense motion for dismissal
    Monday, 29 September 2008 18:54 administrator
    Philip J. Berg filed a response this afternoon to the motion for dismissal filed last week in Berg vs. Obama by Senator Obama and the Democratic National Committee. The response “PLAINTIFF’S OPPOSITION AND BRIEF IN SUPPORT THEREOF TO DEFENDANT’S, BARACK HUSSEIN OBAMA AND THE DEMOCRATIC NATIONAL COMMITTEE’S, MOTION TO DISMISS PLAINTIFF’S COMPLAINT PURSUANT TO RULE 12(b)(1) and 12(b)(6)” asserts that, the defendants’ argument to the contrary, Mr. Berg has standing to pursue the case.
    Mr. Berg provides precedents which he argues establish his standing and petitions the Court to deny dismissal and order the defendants to produce the documents in the previously requested discovery.
    The conclusion of Mr. Berg’s brief reads:
    Plaintiff served discovery in way of Admissions and Request for Production of Documents, on Defendants on September 15, 2008 and has attempted to obtain verification of Obama’s eligibility through Subpoenas to the Government entities and the Hospital’s in Hawaii. To date, Plaintiff has not received the requested discovery from the Defendants and two (2) of the locations, which subpoenas were served upon, refused to honor the subpoena.
    For the above aforementioned reasons, Plaintiff respectfully request Defendants Barack Hussein Obama and the Democratic National Committee’s Motion to Dismiss pursuant to F.R.C.P. 12(b)(1) and 12(b)(6) be denied and order immediate discovery, including but not limited to: 1) a certified copy of Obama’s “vault” (original long version) Birth Certificate; and (2) a certified copy of Obama’s Certificate of Citizenship; and (3) a certified copy of the Oath of Allegiance taken by Obama taken at the age of majority. If the Court is inclined to grant Defendants motion, Plaintiff respectfully requests the opportunity to amend his Complaint pursuant to the findings of this Honorable Court.

  • benny

    Berg is wrong. obama was born??? whatever gave berg that idea? I thought that obama descended directly from heaven. Isnt that the official line. /snark

  • StrawberryBitesBarky

    How exactly would you get a republican back into the White House after Bush? Ensure a win by backing a sure loser on the other side. If you loved politics just as much as I do, you would know of this tactic. An oldie but a goody. You don’t really think Rove has given up on his dream of a permanent republican majority have you? What do you think he’s been up to since being extracted from W’s head? Playing Halo?

  • http://firefox AnnieCarmel

    People, people, she planned for it to fail in order to get ACORN back in for another vote. Wait and see.

    Why would Jesse, Jr., not vote for it if not to get another chance for ACORN?

    Still, the Republicans can’t afford to be on deck for a bill with $140billion for ACORN and all the other nonsense the original had in it…so if they do get ACORN back in, it will be all Dems passing it…then it’s on the the Senate for another fight.

  • http://www.governuts.us Agust304

    Please tell Bloomberg that I have no money in the stock market, but I feel for him and his paper.

    Simple formula. Save a few bucks. Use it to buy land. Do not involve banks. Every few years buy a few acres. There is no such thing as a mark to market on something you can pitch a tent on.

  • bert

    I saw a Rasmussen poll on some program tonight on FOX that showed Obama was gaining on McCain in five swing states. But two problems jumped out at me right away. First of all, it was a poll of only 500 people. Pretty low. Second, the margin of error was 4.5%.

    One of the states showed Obama had gained 4%. That falls within the margin of error, so what that told me is that McCain could still be up 5%, especially since there were only 500 people polled.

    So I take polls for what they are worth. Interesting. Fun. But not worth getting to concerned about.

  • Paul3triple

    I honestly think americans will rejoice that pubs killed it. I really wish McCain would have opposed it and pushed the Cantor plan.
    The dems are forgetting that americans in huge numbers hate this bill. Honestly, they should.
    The stock market dropped because investors are throwing a hissy fit.
    They WANT our government to buy up those bad assets so they do not have to.
    Fact is, i am with Donald Trumps analysis. Oil is dropping everyday this bill is in limbo. That is great for business. If we do not pass a bill these bad assets will be sold at retail price and investors will jump at it if they know no bill is going to save them.
    Donald said oil could drop to 30/a barrel if no bill gets in.
    One of the huge anchors on our economy is the price of gas and oil and diesel. energy in general.
    The market really could fix itself without government capital. We should pass a bill with better regulation and a much better tax code.
    that bill will drop our dollar in the sewer of the sewers. the more money we print that is not there the worse it gets. The paulson/pelosi/Bush/obama bill is a bad bit.
    Anything being sold on fear and shoved down your throat is something to be wary of. Especially when it is insisted it is the only way and nothing else is considered.

    400 economists, 3 of them Nobel laurete prize winners say this is a bad idea and something like the cantor plan would encourage massive growth. While opening credit markets and creating a thriving economy.

  • http://firefox AnnieCarmel

    And, by the time it gets to the Senate, the public will be so irate that they’ll be lucky not to have the citizenry marching with pitchforks.

  • jrterrier

    Ever since they were squeezed out of the Presidential and VP debates as payback for the tough questioning on Rev Wright, Ayres et al by Gibson and Stephenopolus, they have been trying to make up for it by bashing the republicans.

  • Steve_in_KC

    I’ve been thinking about the Fox News angle. They have such a strong reputation for being Right Wing, so with all the other press all wet in the panties for BO, they can’t afford to be painted into the loser’s corner. On the other hand, if they really do want to get McCain elected, one of the best psychological tricks I can think of is to keep pushing to their Conservative audience the mantra “Obama is winning!” This will energize the conservative/Republican/PUMA vote more than anything! So when I see Fox News blurbing that Obama is leading and predicting a big win, I think of it as motivational reporting. :)

  • candymarl

    If 66 Republicans voted against vs. 94 or 95 Democrats how does that make this the Republicans fault?

    If the Dems were for this why didn’t they vote for it as a majority? Aargh.

  • MMI

    Someone was looking at economic indicators, comparing today’s numbers with those from previous economic downturns, including the depression. The numbers don’t point to a depression, but a recession. I have heard several people say that a bailout will not prevent an economic downturn, they say it might change the timing, depth, and longevity of one, and not necessarily for the better.

  • fred

    Obama sought rape victim to exploit for ad

    Barack Obama’s campaign earlier this month sought to find a rape victim to appear in a campaign commercial,
    http://countusout.wordpress.com/

  • StrawberryBitesBarky

    Not to mention, Rove and Donna Brazile seem to have become fast friends,as reportrd here on NQ a few times.

  • acorn hater

    A great summary:

    An ACORN Falls from the Tree
    A congressional outrage. [excerpts below]

    By Ken Blackwell
    http://article.nationalreview.com/?q=N2Y5MTc0ZTAyMmE1Mjk3NGE3OWRiY2FkMjZlN2YxYzc=&w=MQ==

    But here, the Democrats are squarely to blame. They have resisted all attempts at reforming Fannie and Freddie, and pushed those organizations to become ever more reckless in their policies. This made the investments on Wall Street carrying those tainted mortgages go from bad to worse, and now we’re in a crisis and on the verge of a meltdown.

    This is inexcusable. And if independent voters figure this out, their outrage over this situation will suddenly be directed against the party that pushed these disastrous policies. So Democrats want ACORN to get as much funding as possible, because they might need some new votes in their column on Election Day.

    ACORN is a discredited organization, and far too many of its leaders and workers have been prosecuted for felonies against democracy. The idea that a single dime of taxpayer money would ever go to such a group is an outrage. And Mr. Obama needs to explain his involvement with them.

  • KC

    Democrat conrrol Congree. They could pass this without one GOP vote. As leaders of the house, they own the failure.

  • http://firefox AnnieCarmel

    Where were the 500 people polled? San Francisco?

  • socalannie

    The media bashing of the repubs is everywhere. My husband was just surfing channels, waiting for the playoff game to begin, when he stopped at one of those “entertainment/gossip” shows that was blathering on & on about how Tina Fey’s Palin impersonation was devastating the McCain/Palin campaign! Ridiculous! Its like every single media entity, with the exception of Fox and other right-wing media (radio, print) are determined to brainwash the American people against the repub ticket, and they will say anything to achieve their purpose.

    I remember, over the last 15 years or so, I was disgusted with the media for being such wusses and not standing up and telling the truth about the Starr investigation, the 2000 & 04 elections, Bush, Cheney, etc.

    Now they have pulled a 180 and are going completely the other way. From one extreme to the other. I hate extremes. I’m done with the msm. Thank God for places like NoQuarter.

  • fif

    This is pure and open bias by ABC. I don’t know who’s at fault and I don’t really give a shit. It is not ABC’s job to fix blame.

    Are you kidding? ABC is as bad as the rest of them. Have you seen Stephanopolous? The clearest example was the way Gibson butchered the interview (see the original transcript) with Palin to make her look like a dim hawk. Very effective–that’s been the meme since that interview. I don’t trust any of them.

  • benny

    amen, socalannie.

  • fif

    But that’s really really hard work! Obama just likes to call and text. Cool man.

  • fif

    No, it must be Palin or Hillary’s fault.

  • yttik

    This is good, New Hampster. We want headlines to say “Bailout defeated by Republicans”. We’re five weeks to the election and the bailout is about as popular as Bush. Democrats are being set up as the ones who have tried to hand a trillion dollars over to Bush.

    You can really rock the markets. They can be volatile and subject to panic. Like perhaps having your president go on TV to tell everybody the sky is falling?

    This is brilliant political theater we’re seeing.

    I know people are scared about money, but we’ve been in trouble for a long time. Believe it or not, I don’t think congress can fix it. We have to ride it out.

  • http://www.youtube.com/watch?v=iQ2DXN3aOSo Jeremiah God Damn Barack Amerikkka Wright

    OH NICE!!!

    Now thats what you call the Politics of Hope and Change!!!!

  • Zorro Astor

    House Republicans shocked the White House

    Tapper is spelled j-a-c-k-a-s-s. I think the Dem nays were more shocking.

    Democrats are being set up as the ones who have tried to hand a trillion dollars over to Bush.

    Could be. Watch the polls to see if it works.

    Believe it or not, I don’t think congress can fix it. We have to ride it out.

    There I think you’re wrong. FDR accomplished things, you know.

  • Paul3triple

    I honestly think americans will rejoice that pubs killed it. I really wish McCain would have opposed it and pushed the Cantor plan.
    The dems are forgetting that americans in huge numbers hate this bill. Honestly, they should.
    The stock market dropped because investors are throwing a hissy fit.
    They WANT our government to buy up those bad assets so they do not have to.
    Fact is, i am with Donald Trumps analysis. Oil is dropping everyday this bill is in limbo. That is great for business. If we do not pass a bill these bad assets will be sold at retail price and investors will jump at it if they know no bill is going to save them.
    Donald said oil could drop to 30/a barrel if no bill gets in.
    One of the huge anchors on our economy is the price of gas and oil and diesel. energy in general.
    The market really could fix itself without government capital. We should pass a bill with better regulation and a much better tax code.
    that bill will drop our dollar in the sewer of the sewers. the more money we print that is not there the worse it gets. The paulson/pelosi/Bush/obama bill is a bad bit.
    Anything being sold on fear and shoved down your throat is something to be wary of. Especially when it is insisted it is the only way and nothing else is considered.

    400 economists, 3 of them Nobel laurete prize winners say this is a bad idea and something like the cantor plan would encourage massive growth. While opening credit markets and creating a thriving economy.

  • Zorro Astor

    Agreed.

  • Zorro Astor

    Uh-huh… Why are you buying land in the first place?

  • http://www.youtube.com/watch?v=iQ2DXN3aOSo Jeremiah God Damn Barack Amerikkka Wright

    Really its worth quoting!!!

    Obama sought rape victim to exploit for ad

    Barack Obama’s campaign earlier this month sought to find a rape victim to appear in a campaign commercial, according to an e-mail obtained by Politico.

    Kiersten Steward, director of public policy at the Family Violence Prevention Fund, served as a conduit between the campaign and victims and women’s advocates.

    “Obviously, this is a big ask and I haven’t seen a script but presumably it will be a brief ‘this is what happened to me, we need someone who will fight for women like me, these are the guys to do it,’” Steward wrote in a Sept. 15 e-mail. ”Again, that’s just my assumption, given how these things
    usually go.”

    Steward, a former top aide to Rep. Maurice Hinchey (D-N.Y.), said the Obama campaign would have a crew in Washington and was hoping to film that week.

    She didn’t respond to a message.

    The Obama campaign wouldn’t detail the strategy behind finding an individual to discuss such a sensitive topic but did suggest the ad may be aimed at underscoring their candidate’s support for abortion rights and ongoing effort to retain those women who backed Hillary Clinton in the primary.

    “Choice is an important issue, and we’re going to continue talking about it in battleground states through the election,” said spokesman Bill Burton.

    Virginia is one of those swing states that Obama is especially focused on, and that’s where one rape victim received the request to appear in an ad.

    Mikele Shelton-Knight declined to do so, but said in an interview that she was glad the Obama campaign was seeking to highlight the issue.

    “The more discussion about this the better,” said Shelton-Knight, a full-time victims advocate in the Richmond area.

    And though she never was told about the nature of the commercial, Shelton-Knight said she thought that the focus of the ad may be about the practice in Wasilla, Alaska, to charge rape victims to pay for their own exams.

    The law was on the books when Sarah Palin became mayor of the small city, and it’s unclear whether she supported it or opposed it during her tenure.

    But Shelton-Knight said Palin should not be criticized for having governed a city with such a law as they were quite common until recent years.

    Alaska didn’t pass a bill until 2000 requiring state and local law endorcement to pay for the exams. And Shelton-Knight said it wasn’t until lobbying by her and others that Virginia last year put the financial burden on localities. Many states still charge victims for the cost of the exam.

    http://www.politico.com/blogs/jonathanmartin/0908/Obama_sought_rape_victim_for_ad.html

  • socalannie

    Beneath contempt. The obama campaign is disgusting.

  • athena

    I agree.

  • jwrjr

    That is 66% of the Republicans. But your point is still valid. There were 95 democrats who did not support their own bill.

  • Mandelay

    I have come to the conclusion that all members of both houses of Congress as well as the President should be immediately dismissed by the people and replaced with randomly selected unemployed Americans who can serve for 6 months before being replaced by more randomly selected unemployed Americans. I believe that a) randomly selected unemployed Americans would do a better job (how on earth could they do worse?) and b) all those millions that Obama, McCain and Members of Congress are spending to get re-elected could go elsewhere and do more good.

  • Brandon

    I fail to see how this is biased. Ask yourself the following. Did the vast majority (almost 70%) of Republicans turn their back on what their Republican President asked them to do? If the answer is yes, then that is called reporting the truth. Especially considering McCain called off his campaign to run out there and straighten things out. When McCain left Washington, it was with the understanding that his own party was behind him in supporting the bill. The Republican “yes votes” should have been a lock. Instead we see less than a third actually willing to support McCain and Bush. I would say that is a stunning defeat to Bush considering it was his own party. Hell, Democrats gave him more votes, and they hate his policies.

  • rw

    This needs to be hammered for public view for weeks to come, take full page ads, in the NY, LA Times, Boston Globe,etc.

    Bailout, taxpayer money, Obama, Acorn,corruption, Pelosi, Obama, taxpayer money, felonies, bailout….

  • ugo

    The only democrat that has won anything as you know is President Bill Clinton. You know why because he is one of us and could relate to us.

    The president, President Clinton has been sounding the warning, and he is being blamed for speaking the truth. After his time the democrat dishes insult to our President and the former fisrt Lady, Sen. Clinton. They lied against her, and she warned the democrat and she was trashed.

    It might have worked during the primaries, it is not going to work now.
    We the democrats lies and play the blame games and are damaging our “candidate” we cannot blame it on Sen. Clinton. Obama is Obama’s problem. His sound bites and his records and lies are our finger tips, the truth about him will damage him.

    The American people will find the truth and ask questions. I believe in the American people they will elect the president.

    We the people owe it to our follow Americans the truth. Please just give them the straight talk. Please give them the raw true information.

    (Thank you Larry Johnson for given us this forum)

    This how the consitution started:

    We the people……

  • http://wiskeytangofoxtrotoscar.blogspot.com/ James (San Jose)

    71 % Of the vote against the bail out was Republican. More Democrats voted against the bill than Republicans for it. More than 2/3 of the Republicans voted against the bill. About 60% of the Democrats voted for. If McCain had any pull at all he could have gotten 12 more Republicans to vote for the bill even after Pelosi’s Remarks.

    Pelosi was able to get her side on board for the most part. McCain and the Republicans failed to get their troops in line.

    One more time for the ignorant; even as the Democratic nominee and possible future president Obama has next to no leverage with House Democrats. He has even less with House Republicans. Obama just like McCain is a denizen of the Senate, he has no standing in the House. The rebellion by House Republicans was brewing long before Pelosi made her remarks.

    The collapse of the bail-out bill was a bi-partisan effort, just like the FISA travesty and the PATRIOT Act and the military commissions act. It was spearheaded by ideologues in the Republican party who wanted yet more deregulation of the financial industry. The bill failed because radical Republicans demanded more free-market kool-aide. Never-mind the economy is suffering from the equivalent of a diabetic coma, the good doctors of the Republican Party are prescribing an I.V. drip of sugar water for the patient.

    ABC reported the facts. The bill failed because of a Republican revolt. That is not bias, that is reality. Again 71% of the votes against the bill were Republicans. Combine with some “blue-dog” Democrats (DINOs) and some lefty Dems like Kucinich and there is your slim majority. The huge bulk of the No vote was by anti-government, free-market ideologues who wore the Republican brand. And that is exactly the cohort that despises McCain for his so-called Maverick ways. The vote was a rejection of Bush, it was a rejection of McCain, it was a vote for ideological purity.

  • Rocky Mountain High
  • ugo

    Democrats has the majority in the house, how come the democrat cannot use they majority to pass the bill in the house?

    The problem with we democrat is that see in everything what we want to see. That is sad. At the most difficult time we need to stand up and speak the truth. We do not see the obvious.

    Enough is Enough, let stop the spin and the lies it is hurting. Do you remembered Kerry, Gore, during their time we do not have much information on our finger tip, but now we do.

    Point, the records are there. Who brought about this financial problem, democrats or republicans?

    You are smart!

  • dpvegas

    Even if we do, my parents were actually born during the Depression, and they all survived. I’m confident that my family will do fine, as well, ’cause I’m pretty plucky (people call it other things, but what the heck) and so’s my husband. We do without now, so it’s not a problem.

    As far as this media bias, I think it’s so incredibly irresponsible of them all. Bill O’Reilly still ticks me off (which is kind of comforting in a warped way), because he’s all of a sudden actually trying to be “fair.” I personally think he’s in the tank for Barky.

    I consider what they’re (the MSM) doing to be akin to someone shouting fire in a crowded theater. I’d love to see them brought down along with all these other huge conglomerates that keep ruling us.

  • benny

    yeah, Pelosi giving an extremely partisan speech just before a bi-partisan vote is very sensible in your opinion. It was Pelosi who couldnt get the bill through. 90+ dems voted against the bill. If she had got just 12 out of the 90 to change their minds, the bill would pass. So dont blame the repubs. You dont diss their leader and party just before a bi-partisan vote. lol

  • Brandon

    Hi Rocky Mountain High,

    I agree that polls taken months in advance of an election are usually wrong. But, I must quote a sentence from the article you linked to.

    It states “So as the election gets closer the polls all tend to narrow down and point to the right candidate.”

    We are only 5 weeks away from the election. The closer we get, the more accurate those polls become.

  • Zorro Astor

    Found this elsewhere.

    The woman knows how to follow polls. Obama was losing to McCain until this mess emerged a little over a week ago. Now Obama has a 5 point lead.

  • mcpalin hill

    lis — check out this video on the origins of this bail out which has already cost us all so much. Then show it to anyone who is on the fence about who to vote for.

    We know the polls are skewing toward Obama however Rush said this morning there is no poll which measures the anger the American people are feeling right now. He believes John McCain will win in a landslide and that the media will freak out because they were so wrong.

    http://www.youtube.com/user/TheMouthPeace

  • Brandon

    So, are you saying that because Pelosi foolishly opened her mouth, Republicans threw a fit of protest and caused turmoil in the markets today with not passing the bill? Yeah, that showed Pelosi! Democrats had a 60% positive vote. Why would you expect more out of them, but not out of the Republicans?

  • Jackie

    Go Cantor–Call McCain and explain to him what needs to be done. He is a reasoned man and I believe he will listen.

  • Zorro Astor

    This has been bullshit all along. How they lured McCain to DC and said they wanted him there, only to jump on him for interfering as soon as he was on his way; how they came out and announced they had a bill and a consensus when they had no such thing; etc.

    People see these things as gaffes; I think it’s obvious they are tactics.

  • mcpalin hill

    tish — there is one scary thing in the bill which the Republicans thank God passed over. It gives the Secretary of the Treasury the power of the purse. This means that there would no longer be oversight from Congress as to how future money is spent. Now the Republicans will come up with a clean bill–

  • http://www.despair.com/changewinds.html Smilin’ Jim

    “Why then does his headline point the finger solely at the Republicans?”

    Because they caused the mess, starting in 1981?

    Because they screwed up Paulson’s first chance to fix it?

    Because they screwed up Paulson’s second chance to fix it?

    Because they caused 1.2 Trillion Dollars to evaporate today?
    (that’s 100 Billion up in smoke for each of those 12 spiteful Republican votes)

    Naw, it was media bias pure and simple.

    You guys are just so cute when you get panicky.

  • rw

    “Combine with some “blue-dog” Democrats (DINOs) and some lefty Dems like Kucinich ”

    140 for it, 95 against it. What is that 40%? You call that “some”? Good post, proves what people have been complaining about in the headline, lose the slant. Didn’t Obama take credit for the bill? You would think his party would back him in an election, instead, they pulled the rug and now he has to spin it in another direction.

  • benny

    brandon, I already explained. If you cant see it, there is nothing else to say. arguing with trolls is a waste of time.

  • snosandy

    Yeah, their registering drunks then taking them to do same day voting! I’ll never cease to be amazed at what the Obama campaign will do to win steal this election.

  • dpvegas

    I was talking to my daughter in Colorado today, and told her that Obama was leading there in that national polls, and she was truly shocked. She asked me where, because evidently they didn’t know that in Colorado. I told her I think they’re just polling people in that tiny neigborhood in Denver where the rich, elite, far leftie wing nuts live, and on campus up in Boulder. We laughed, because she knows NO ONE who supports Barky.

  • snosandy

    CNN, too.

  • rw

    “12 spiteful Republican votes”

    how about 12 traitorous democrats, they’ve been very good about being traitorous this election year.

  • mcpalin hill

    alexei — You said now you hope the Democrats will act like Democrats. That doesn’t give me much confidence. We have all suffered because of this mortgage crisis. I first heard about it in 2004. I was listening to a program on Radio Left on my computer and the guest said Fannie and Freddie were broke–that they were 500 Bill in debt and they could limp along for another 4 years before the bottom dropped out. It was shocking. This was just after the Enron collapse. But it heartens me to hear that the Republicans tried to head off this train wreck and were rebuffed by the Dems in 04 and in 05 McCain warned of impending disaster. Nancy Pelosi today looks like someone who has been caught with her hand in the cookie jar. I hope she resigns.

  • mcpalin hill

    jrterrier — Republican members of Congress said they have never seen such anger and this time they listened to the people. I am proud of them.

  • Brandon

    And there is no point in talking sense to someone who has to resort to insults when they are questioned. So, you’re right. Feel better?

  • mcpalin hill

    sj — this bill was a poison pill which the Dems were only too eager to share with Republicans. One particular odious section stated and I am paraphrasing that the Secretary of the Treasury would have the power of the purse. This would mean that the President would be able to get all the money he liked for whatever pet project he chose and there would be no congressional oversight.

  • dpvegas

    I agree. I think the Democrats are playing politics with us. They believe that the bad economy will get them elected, and that they’ll rule all three branches of our government. I am so ashamed to be a Democrat right now.

  • mcpalin hill

    30 year Dems — I watched as Dick Morris went over to the dark side today along with Rasmussen. Its not a pretty sight watching them speak in a harsh way which resembles Nazis.

  • mcpalin hill

    strawberry — Rush said today — no poll has been taken which measures the anger the American people are feeling right now. He said he has never seen anything like it and believes that McCain will win in a landslide.

  • snosandy

    When the day started it was believed that there were enough votes to pass the bill, until Nancy Pelosi opened her big fat botoxed lips and criticized one party instead of praising a bipartisan compromise, so the failure is her fault.

  • jd4hill

    Do you think that’s really true — I am curious if that tactic is meant to mobilize the base or demoralize it.

    What say you?

  • dpvegas

    I don’t think he’d have to recreate it. Wasn’t it on CSpan?

  • mcpalin hill

    30 yr Dems — they better be very good a cheating in this election because the people now know what the agenda is and they are furious.

  • dpvegas

    Always have a place to live, and live off of.

  • Seattle Moss

    You all have the right angle on this..
    Morris and Rasmussen both are hard core republicans and it’s their job to rally the base plus everyone else.
    You can’t win if people stay home. You can’t win if you don’t fight.
    The fact that folks like us are so angry and disgusted means that much can happen in the next 36 days.

  • Zorro Astor

    JJ Junior’s in the fucking Senate?! OMG.

  • mcpalin hill

    strawberry — right now having a Republican in the white house looks good to me. Anything but Obama.

  • Zorro Astor

    Oil is dropping everyday this bill is in limbo.

    If this is true then you will never get grassroots support for the thing! ;)

  • mcpalin hill

    mmi — I don’t get why Pelosi would come out and announce twice she had a deal when nothing was on paper. How stupid can she be. Its like saying you are going to win in a landslide 36 days before the election — oops Obama did that.

  • ugo

    You got the deal.

    Do you think that Obama’s Zombies will understand?

  • mcpalin hill

    Paul — I didn’t watch the media today. You mean that they are still giving Obama credit even though the bill failed and blaming McCain. The media means nothing anymore. They are useless. Well we the people know Obama’s agenda now and its to redistribute the wealth of this country — I want the maverick McCain to call him and the Democratic Party out for this. Then McCain will win in a landslide. Nobody is going to shut Rush or Hannity up. So I will get my news from them.

  • dpvegas

    Unbelievable how some people choose to ignore facts, and focus on flawed logic as some kind of rationale to keep swilling the Kool Aide.

  • mcpalin hill

    bert — it is my understanding that the Republicans will also have a bill–

  • dems4barr

    wow, so now NoQuarterUsa is officially republican shills. great work folks, great work. Hillary would be proud.

  • dpvegas

    While everyone’s focused on the polls for the two candidates, they didn’t say anything about Congress’ approval ratings, which has fallen. People don’t like the Congress. And the Congress is Democratic, which doesn’t look good for them.

  • Mr. Natural

    Senator Obama personally blocked the bankruptcy protections, according to Rep. Dennis Kucinich in the following Amy Goodman interview, ” Rep. Dennis Kucinich Rejects $700 Billion Bailout”

    http://www.democracynow.org/2008/9/29/is_this_the_united_states_congress

    Looks like that half million in Goldman-Sachs campaign contributions paid off.

  • Anon21

    I dunno. Why would ABC choose to point the finger of blame for the failure of the bailout bill at House Republicans? Why on Earth could that be?

    Well, let’s try a thought experiment. If we look at the relative proportions of the Democratic and Republican caucuses which supported this bill, we might be able to apportion blame in something approaching an objective manner. That is, if one party supported the bill, by and large, while the other party opposed it, by and large, we could say the latter party is responsible for the bill’s failure.

    And what do you know–when you look at the votes recorded for this bill…60% of House Democrats voted in favor of the bill, as compared to about 33% of House Republicans!

    So it seems that, rather than a perfect example of media bias, this is a perfect example of…accurate reporting. The House GOP tanked this bill. Yes, Democrats could have passed it on straight party lines, but they compromised in order to get GOP votes so they could sell this to the public as a bipartisan package. Trouble is, the House GOP leadership then failed to deliver those votes. It was House Republicans’ fault that this bill did not pass.

  • benny

    wrong

  • benny

    nope. we’re pro-hillary democrats temperorily in alliance with McCain to defeat obama.

  • mcpalin hill

    dems for barr — Why don’t you do your moaning somewhere else. Frankly I have no time to babysit you — there is too much else going on — NOW SCAT.

  • Carolyn

    For best news on TV try Lou Dobbs or on Cnn, Public Television, or for world news – BBC.

  • stodghie

    ya’ll give pelosi too much credit as a slick politcal operative. she is stupid and arrogant enough to give a stupid speech like she did and still expect to win. don’t assume these idiots have a clue what they are doing.

  • stodghie

    james, shut the fxxx up. princess pelosi and foolish reid screwed the pooch!

  • Hope Floats! Flush Twice!

    Look how many Americans have been burning up the phone lines protesting this bailout. Congress and Paulson and Bush insist it’s for the good of the nation, but no one believes any of them. No one has any faith in our government anymore.

  • Hope Floats! Flush Twice!

    My great-grandmother lived to be 101 years old and raised 13 children through the Depression. One of them, my grandfather, made nearly a billion dollars through real estate and life insurance. And their family never took handouts. My grandfather is famously parsimonious, but he is active in his Methodist church and gives quite a lot to charity. And votes as religiously for small government. His mother never kept her money in a bank her whole life.

  • Hope Floats! Flush Twice!

    Pelosi’s job is to have her votes lined up, especially on a bill that is supposedly so critical.

  • Hope Floats! Flush Twice!

    If she happened to be a Florida or Michigan voter, that would just be icing on the cake… or lipstick on the pig… or, oh, I give up!

  • Hope Floats! Flush Twice!

    Yeah, Paulson was going to fix it. This was his ultra secret red-sealed emergency plan for in case the last bailouts didn’t work. And he knew this would work. You know he did when he just PULLED THAT 700 BILLION FIGURE OUT OF HIS ASS.

    Since you like giving away your money, can I have some? Buy me a house, asshole.

  • Hope Floats! Flush Twice!

    We’re not “shills,” dumb dumb. We’re on an anti-Obama site cheering on the Republicans.

  • Leisa

    Here is a theory…

    Obama has claimed to be close to Paulson and talking with him over the last few weeks, next, the treasury money starts to dry up and viola, the teetering credit driven economy is on the brink of collapse.

    This whole mess stinks, and has been ignored by Paulson and Bernanke… look at the timing of the fall, it could have happened last year.

    There have been warnings, even about the way consumers have been behaving.

    From August 2007… Interview with James Scurlock, maker of the documentary “Maxed Out”

    http://www.washingtonpost.com/wp-dyn/content/article/2007/08/15/AR2007081501921_pf.html

    How do you think the crisis is being handled in Washington?

    I think it’s been exacerbated by people like [Federal Reserve Chairman] Ben Bernanke and [Treasury Secretary] Henry Paulson and others coming out and saying, “Oh, subprime isn’t contagious” . . . as if subprime borrowers were like lepers confined to some colony on an island and couldn’t swim over and infect the rest of us. . . . Now that it has spread, the party line is “The economy’s strong and we’ll power through this.” But the only way you power through a crisis in our economy is by making sure people keep spending. And the news this week from Wal-Mart and Home Depot is that people are starting to pull back. If you use your common sense, clearly if someone has been using their home equity to pay for their credit card bills, and refinancing and refinancing and refinancing to pay their bills, if they can’t refinance anymore, they can’t spend anymore. So lo and behold, Home Depot says people won’t be remodeling their kitchens. The myth of the house increasing in value every year as some kind of birthright is now being shattered, and people are realizing that maybe a Sub-Zero refrigerator isn’t an investment; maybe it’s just another expense.

    What’s next?

    I don’t claim to predict the future, but if you ask me to hazard a guess, the default rate for mortgages is now higher than the default rate for credit cards by quite a bit. So people are giving up their homes rather than lose their credit cards. It’s a really interesting phenomenon, because the assumption was always that people would do anything to save the house. . . . But who do the banks have to blame for that [phenomenon]? All of their marketing now is “Use your credit card to pay for groceries, prescription drugs, taxes and everything else.” It’s a huge paradigm shift.

    Are credit cards the next shoe to drop?

    Without question. One of the big problems, maybe the big problem, is that the financial services industry has redefined cash as credit. They have spent billions and billions and billions of dollars teaching people that a credit card is the same as cash, that home equity is the same as cash. And of course, it’s not true. . . . And people have used their credit cards as their emergency fund instead of saving. People forget that credit is not something you own. It can be taken away at any time, the terms and conditions can be changed at any time, the costs can be increased at any time. That’s what companies like the Countrywide Financials and the American Home Mortgages are learning. But I think consumers are about to learn that lesson as well.

  • Leisa

    yeah, I saw that teenager… he really is a fool.

    ABC should be fined for their horrendously biased treatment of the news. Charles Gibson has lost all of my respect after his creative editing and patriarchal treatment of Sarah Palin in his interview.

    Thanks for bringing this up, New Hampster. I always knew the media had some bias, but I feel that the media has crossed ethical bounds with their bias this year, and it is intolerable. It is so bad that I think that Americans should file a class action suit against these media outlets. They certainly need to be fined for misleading reports and violating the public’s trust.

  • Leisa

    Maybe he is going to let Palin do it Thursday… :)

    He asked her to run with him because she is a reformer.

  • Anon21

    No, right. 60% of House Democrats voted for the bill, 33% of House Republicans did. It was Republicans’ fault that this bill failed.

  • http://www.despair.com/changewinds.html Smilin’ Jim

    “PULLED THAT 700 BILLION FIGURE OUT OF HIS ASS”

    Wakey, wakey, bright spark.

    The market, that fount of all capitalist reason, yesterday sent a 1.2 Trillion (i.e., 171% of $700B, for the math-challanged) estimate of what was at stake. The bounceback is homing in on the $700B figure. (It shows how the system can work if there is sufficient transparancy, a point ruefully wasted on you True Believers)

    Now is the perfect time to review “The Commanding Heights” and wallow in Schadenfreude.

    “Since you like giving away your money, can I have some? Buy me a house, asshole.”

    No, thank you. After watching you reactionary troglodytes put round after round through your foot, I cherish the thought of you living under bridges when cardboard is unavailable.

  • http://www.despair.com/changewinds.html Smilin’ Jim

    “choose to ignore facts, and focus on flawed logic as some kind of rationale to keep swilling the Kool Aide.”

    Eisenhower is not considered to be one of our more quotable chief executives.

    However, there is one quote which is (very) loosely attributed to him, a play off Kipling, that is so very apropos in your situation.

    “If you can keep your head when all those around you are losing theirs.

    Perhaps you just don’t understand the situation.”

  • http://www.despair.com/changewinds.html Smilin’ Jim

    they’ve been very good about being traitorous this election year.”

    Pssst……..

    Your shoe is ringing.

  • http://www.despair.com/changewinds.html Smilin’ Jim

    “nope. we’re pro-hillary democrats temperorily in alliance with McCain to defeat obama.”

    Not to mention the ranks of the Faux Femminists here who have joined the Taliban.

    Tim Leary died for your sins.

  • http://www.despair.com/changewinds.html Smilin’ Jim

    I’ll reconsider, AR_DUBYA, there is a good point in castigating the 32% of Democrats that voted against the bill.

    In the Bay Area these three could have helped turn the tide but did not:
    Pete Stark
    Barbara Lee
    Lynn Woolsey

    All liberal fucking Democrats, consumed, I wager, by the same pique and spite that have nearly driven No Quarter’s so-called feminist liberal Democrats into the arms of the Taliban.

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