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Open Thread * Fall-Out From House Failure to Act

By SusanUnPC on September 30, 2008 at 6:30 AM in Current Affairs

There’ve been some great discussions among grown-ups on the brief amount of TV news that I’ve been able to watch. Karl Rove and Bill O’Reilly (yes, even him) made some great points, but I can’t find that video. However, this video from Brit Hume’s program will suffice:

When EVEN NEWT GINGRICH changes his mind on the bailout (and he was vehemently opposed last week), you have to know just how critical this is. Below is John McCain’s statement on September 29th:

I think that the key issue is that D.C. — from President Bush on down — has utterly failed to explain the implications of a failure to pass this measure.

This is an opportunity for John McCain to stand out, by getting the American people to listen to him and figuring out a way to persuade them.

P.S. Update: Please forgive the typos, some of which I just fixed. I typed this up quickly late last night with my big cat in my lap, and it was hard to do!

  • http://investigatebarackobama.wordpress.com/about/ kat in your hat

    MUST WATCH THIS! (look what happened!)

    Burning Down The House: What Caused Our Economic Crisis?v3
    http://www.youtube.com/watch?v=nRmB93McZeI

    (Make it viral. AGAIN)

    • http://investigatebarackobama.wordpress.com/about/ kat in your hat

      They tried to ban it.

      • Zorro Astor

        Now they did ban it.

        • bemused

          last seen on Jib Jab

        • workingclass artist

          He has a youtube channel…The Mouthpeace. You can check out all his videos. The guy is on a mission. I’m just sayin…
          Interesting article Susan. Funny how a 3 page bill ballooned into a 435 page bill in the senate. Insightanalytical has posted the goodies for anyone who’s interested.

          UT SEMENTEM FECERIS ITA METES
          As You Sew…Will You Reap

    • beebop

      A Wall Street Journal reporter and writer was on Glenn Beck (I can’t believe I am actually enjoying this program) discussed this video last night and said EVERY AMERICAN should see it because it laid out in no uncertain terms what happened. If you can catch a video of Glenn’s show from last nigh, it’ there. Second half of the show, I think cause I was surfing then.

  • txchick57

    Oh how I wish the nominee was Mitt Romney.

    • Tuppence 411

      No. Trust me. I live in MA. You don’t want Mitt at the helm of goverment. One thing though, he knows where all the “bodies” are buried, he was up to his eyeballs in it for years. He could be very helpful to McCain in exposing the fraud, uncovering the toxic loopholes.

    • tek

      This site has been hijacked by neoconservatives.
      Mitt Romney? Well, if like livin’ in a theocracy!

      • StrawberryBitesBarky

        Agree. I would have had to have voted for Barky if that dog torturer had been the nominee. God, I loathe plastic man. And his rich, smug spawn who claimed touring around on a $100,000 bus, campaigning for their father was the same as doing a tour in Iraq. Fuck ‘em. I was personally offended.

        • Patti

          And his rich, smug spawn who claimed touring around on a $100,000 bus, campaigning for their father was the same as doing a tour in Iraq. Fuck ‘em. I was personally offended

          .

          Seriously I remember him saying that, I damn near broke my tv. I was yelling tell that to the parents of sons/daughters who have died in service to their country..

          • imustprotest

            I’m with you Strawberry, I was praying it wouldn’t be Romney!

            • kevin

              Romney treated the governorship as another spot on his resume.

    • workingclass artist

      Oh Brother! ( eyes rolling here… )

  • ObamaNOT

    Why should I bail out fat cats who have sucked us dry? A bank borrows money at 2 percent and loans it at 6 percent…What a ripoff….

    I say let them eat it….

    Did you hear that Paulson sat in on an AIG meeting of the board two weeks for AIG asked for a bailout? Paulson is a former Goldman Sachs man, and isnt it funny….Goldman Sachs has 20 billion at stake in AIG…..And now we see why the ultimate insider Warren Buffet bought 5 billion in Goldman Sachs…..

    Paulson should go to jail…..This corruption cant stand….

    No bailout of the fatcats…..and noBAMA

    • Perry Logan

      But how do we pay for the bill the Repubs have run up? :(

      Bailouts are the price we pay for tax cuts. It happens every time.

      Despite what Republicans like to believe, there is no free lunch.

      • Shiloh

        Again I say, anyone who keeps posting on NQ with the purpose of creating partisan rancor is working against the goals the rest of us have come together to support. Perry Logan should be IP banned from NQ.

        • Perry Logan

          That would be grossly unfair, as I am simply responding to the right-wing smears I see every day at NQ. Since PUMA is a Democratic group, attacks on Republicans should be no problem here.

          • Mary

            You know, Perry, if Obama had been able to bring 12 members of the Congressional Black Caucus on board for Pelosi, Frank, and Clyburn, the bill would have passed.

            Did he want it to fail, so he can use the economic climate for his own political gain?

            If so, he has no business sitting in the White House.

            • csuzeq

              I was just discussing at work today how Obama failed. Isn’t he a lightworker? Lightbringer? What ever the term. Isn’t he a healer.

              Obama, get you ass down to wall street and heal the markets. You should just snap your fingers Messiah and it shall be done, right? What happened???? Hopey changey just words??? The new Messiah is finding that it’s not so easy? Awwwww.

              I am reminded of Hillary’s rant at a rally, “And the sky will open and a light will shine down….”

              • Kathy

                I still say this is a plot for Obama to come swooping in and “rescue” the plan and show what a leader he is. He’ll miraculously “deliver” the votes that held out–it’s all carefully orchestrated so Obama can be the hero.

          • Leisa

            We need balance. You are responding to what feels like an antidemocratic message by some posters.

            As long as the Democratic party continues to behave as it has, I will be independent.

            There are corrupt politicians on both sides. I hope that partisan bickering would stop and we can band together to get our government back to work for the people instead of the money and power brokers.

          • workingclass artist

            Hmmmm….Perry don’t let them get you down. But understand that even Democrats in exile like me are mighty pissed off at the party comrades who hijacked the Party built by FDR…Aaaaand those folks who did it should be smeared…I’m just sayin…

        • StrawberryBitesBarky

          Banning Perry? Nice. Very nice. You’re losing me bigtime, guys and I’ve been here since the Plame days. No Quarter is changing and not for the better. Wow. Keep it up.

          • workingclass artist

            Well strawberry…I guess this place has become a magnet for right wingers….it won’t last…

      • HARP

        Now you are officially a troll.

        • beebop

          I have to agree. If you can’t be credible with any thing other than “but, but, but the republicans ….” you are just like the people who said it was all Bill Clinton’s fault. No different.

          • No Way, No How, NoBama

            Perry hasn’t defined what is causing the problem but parroting Pelosi’s speech. Obviously, if they don’t know what caused the problem, this bill is not going to fix it.

            The books were cooked and these CEO’s took advantage. It wasn’t even their bonuses and golden parachutes that caused this problem, it’s the lack of oversight and auditing of their crooked books who are benefitting some of these same members of Congress. (Who received contributions from Freddie and Fannie?)
            (Do all the bonuses and pensions of these crooked CEO’s talley up to $700 billion? Really?)

      • C.S.

        Bailouts say government failed to do their job and government is in the hands of two political parties that have no constitutional standing. It has nothing to do with tax cuts because if it did we’d all be working for nothing.

        Think Sheriff of Nottingham, think French Revolution. When the tax burden becomes too heavy to meet basic needs such as food, clothing and shelter, we peasants get restless and considering I just saw the first pictures of the modern version of a depression era Tent City last week, now is not the time to blame this economic crisis on we wage earners wanting to keep more of what we earn.

      • katmandu

        Bailouts are the price we paid for the Democrats (in the case of housing) diverting tax money to fund a pet group of constituents. Remember that it was the GOP that tried to regulate in this area: http://query.nytimes.com/gst/fullpage.html?res=9E06E3D6123BF932A2575AC0A9659C8B63&sec=&spon=&pagewanted=print

        However, both parties were guilty during the Bush years of porking the system. That’s why we need McCain — one of the few budget cutters in Congress. Obama showed his mettle, or lack thereof, in this article posted by Jeralyn:

        http://www.talkleft.com/story/2008/3/23/224059/069

        So how has Obama repaid Jones? Last June, to prove his commitment to government transparency, Obama released a comprehensive list of his earmark requests for fiscal year 2008. It comprised more than $300 million in pet projects for Illinois, including tens of millions for Jones’s Senate district.

        Shortly after Jones became Senate president, I remember asking his view on pork-barrel spending. I’ll never forget what he said:”Some call it pork; I call it steak.”

        Anyway, http://blogs.suntimes.com/sweet/2008/09/rep_jesse_jackson_jr_and_why_h.html is amusing. Jesse Jackson Jr. voted NO yesterday, though he is just looking for more pork for the homebuyers who bought way over their heads and who are moaning about it now.

      • workingclass artist

        Hmmmm….Should we BAIL OUT THE BRITISH BANKS TOO ?…Read something bout Paulson/Pelosi bill bailing out the British Banks too….either at The Gaurdian or The Times London…

        • Rob in Chicago

          Yes, lots of foreign investors (Chinese, Dubai, UAE) are included in the “bail-out” because, while they knew that their heavy purchases of mortgage backed securities were not insured by the U.S. government, there was a wink-wink understanding that the U.S. government would not let these investments go bad. The U.S. needs (don’t have to like this, but can’t deny it) foreign investments and loans to keep the economy afloat, and they can’t afford to have foreign investors see the U.S. as a bad investment and take their money elsewhere.

          • Tristan

            A simpler explanation is that foreign banks own securities that are backed by American mortgages, so yes, they would benefit. Anyone who owns these securities would benefit.

      • http://powerandcontrol.blogspot.com M. Simon

        You know I was under the impression that the House passed money bills.

        The Rs spent like drunken sailors but the Ds one upped them – they threw wads of cash out of the car window.

        At least the sailors got sex, alcohol, and the occasional tattoo.

        • workingclass artist

          LOL…Return on their money?…chuckle…

      • tommyo77

        your ignorant. almost this entire crisis has been caused by the lib and dems taking market forces out of play in regards to housing loans. the bleeding hearts forced banks to give loans to poor, bad credit risks because “everyone should be able to own a home in America”. Then really accelerated the problem with “government” agencies (Freddie and Fannie) by taking any stoppers off and they handed out loans like candy to people who would never have been able to get them under normal circumstances. Surprise, surprise many of these high risk loans failed. Congress was being warned about this by the Bush administration (sorry it’s true you can watch the video of the hearings) as far back as 2001 and McCain and 3 other Repubs. sponsored a bill in 2005 that was blocked by the Dems. Now this is the documented truth, I don’t care if you vote Repub or Dem just stop carrying the water for either party, see the truth and speak the truth.

      • tek

        And it’s the price people have to pay for voting Dubya into office twice knowing that he allowed the corporations to run rampant. I didn’t vote for him and I didn’t want my tax dollars paying for christian churches and boondogles, but that’s how Bush chose to spend our money. I didn’t want the war, but we’re 500 billion dollars in debt for that. Didn’t hear any Republicans complaining about it.

        this crisis in not the Democrats’ housing bubble. Both parties are totally corrupt and the voters have allowed this to happen.

    • bert

      ObamaNOT, no one is asking you to bailout fat cats. We are asking you to protect and save your own ass or money and savings, along with those of your fellow Americans. There are ways to do this. Newt Gingrich had some excellent ideas on Greta last night. Plus after the Republicans changed the original bill it was not as reprehensible. Even Newt, while he did think there were better ways to handle the crisis, said he would have voted for the bill

      I agree with you on Paulson. He has got to go.NOW!!!!

      • ObamaNOT

        Bert, YES action needs to be taken…

        Drop the Capital Gains tax to 0.0% for 3years…

        Drop the Corporate Tax Rate from 35% to 10% for three years…

        Get rid of the Mark to Market rule…Newt says it will work, and I believe him…

        Federally Insure the MBS’s and let Wall Street pay the premiums…

        Put Frank, Dodd, and anyone else in JAIL, if they violated the law….Dodd and his sweetheart deal comes to mind….

        I believe we are on the same page Bert…

        And by the way….PUT OBOMBA in jail also, along with rezko, and Raines, and that bunch….

        • tommyo77

          Excellent! This is the answer and McCain should come out with this right away.

  • http://edgeoforever.wordpress.com/ Not Your sweetie

    Truth Squad prosecutors back off – they were misunderstood
    http://edgeoforever.wordpress.com/2008/09/30/truth-squad-prosecutors-back-off/

    • Steven Mather

      Thank you for the link.

      I am amazed at how easy it is for these people to lie about their actions and intentions.

      Kudos for the governor. I hope he chases them out of their positions.

      • HC

        Team Obama likes to use this “you just didnt understand” excuse all the time.

        I am sick of it. I do understand, and I am not buying.

        • http://chriss chris

          Yep they did it to Hillary all the time. Get it out there and then say we didn’t mean it. All the while the public hears the first version via the MSM and the back-off is on page 20 at the bottom in small print that no one ever finds. They are masters of this game. Must have some good trial lawyers on the Obama team. It’s a tactic used all the time in trials to get the jury to hear something that is surely going to get an upheld objection but is in the jury minds forever, no matter what the judge says.

  • Judy L. NC

    I’m still in denial on the economy. Those Wachovia f*ckers have 2/3 of my money. Citibank holds the mortgage on my home.

    In need of a distraction, I’m having a p*ssing contest with a coworker. Would someone please post the link of that hilarious video of BO doing his Porky Pig impression along with the SC dumb blond beauty queen?

  • OhVoter

    Let me get this straight. If we don’t bail out the fat cats of wall street and give the dems and Bush (funny combination isn’t it?) everything they want — “consumers are going to find it hard to borrow money.” I don’t know about other people but I don’t buy what I can’t afford. Oh my God, horror of horrors, credit card limits could be cut back. What will America ever do?!

    Haven’t we heard for years how dangerous our credit spending is? Give me a break. I don’t buy into the fear tactics. Don’t tell me these large corporations will not be able to meet their payrolls because they can’t borrow the money for them. They have billions of dollars in profit – they’ll figure it out.

    I know I might be clueless when it comes to economics but I truly do think this is wall street and the government very much using scare tactics to get what they want. When they have a decent bill that PUNISHES Wall Street for its greed and corruption then the voters will accept it. They need to stop playing politics and playing the fear card and get this done right.

    Punish the greedy and protect the taxpayer!

    • Shiloh

      But the greedy are the taxpayers.

      • OhVoter

        What do you mean Shiloh?

        • Shiloh

          I mean you can’t separate the greedy from the taxpayers, the greedy pay taxes too. It’s not that simple. In fact, that’s the Obama ploy, to try to boil everything down to class warfare. IMO it wasn’t the greedy who started this mess… it was the quasi socialists and community organizers who pressured banks to give mortgages to people who were no way able to afford them.

          • bert

            it was the quasi socialists and community organizers

            Yep, and they were pretty damn greedy.

            • workingclass artist

              Gee Bert….Have you ever heard of a fascist who wasn’t…

          • OhVoter

            You may be right in a way, but a lot of greedy people made a lot of money trying to push this socialist agenda. Most of the ones who made the money probably couldn’t care less whether poor people could buy houses. They just wanted to make money off the backs of the dreams of low-income families.

            Obama made money in the form of campaign contributions, but his real motivation was to advance his political goals — just like all of his other political associations.

            He must be stopped.

            • beebop

              Okay. I’m in Ohio too. I made an analysis of my State’s delegation. Each of you may want to do the same.

              There are 17 representatives from OH. 11 are Republican. 7 of the delegation voted in favor of the bill — whatever you want to call it. Boehner (R) persuaded three RETIRING Republicans to jump in. Zack Space (in 0bama’s pocket with his cash) voted for it and 2 more Democrats. NO from Dennis Kucinich. NO from Mary Kaptur (D-Toledo) who also took to the floor and denounced it. No from Betty Sutton (D-Akron) where 0bama is relying on his 90% to supplment Cleveland in order to offset the rest of those voting against him in Ohio. What this says to me is that the majority of my delegation thought that this was BAD for taxpayers. Most of them are schnooks but except for Boehner and the three who are retiring, I know that the rest were voting to save their seats.

      • I Have a Bracelet Too!

        yes – you can even pay your IRS bill with your credit card!

        I just heard John Shadegg of AZ on the radio. He said that he doesn’t know one Republican who changed their vote due to Pelosi’s speech. He also said that the bill was Paulson’s baby, and he tried to ram it through. Shadegg noted that they wanted two concessions from Paulson that he wouldn’t budge on: one of them was INCREASING FDIC insurance on bank accounts.

        Screw Paulson. He appeared before Congress over the past year and reassured everyone that things were just peachy. Now the sky is falling.

        • c17wife

          Hmm…Shadegg says that Paulson wouldn’t give into increasing FDIC insurance.
          Funny, Barack Obama is calling for that this morning via Fox news.

          Democratic presidential candidate Barack Obama released a statement Tuesday morning proposing raising the federal deposit insurance for bank accounts from $100,000 to $250,000.

          I smell a rat. A big fat stinking RAT!!!
          This whole economic crisis is nothing but a contrived crisis to make Barack Obama look good and get elected so he can screw us all royally.

          PEOPLE, WAKE UP!!!!!

          http://www.foxnews.com/story/0,2933,430434,00.html

          • Mary

            F*ck Barak Obama.

            He needs to answer to the American people for why he could not influence his own Congressional Black Caucus, or publicly condemn them for bailing out on the Democratic leadership.

            And he needs to do it NOW.

          • I Have a Bracelet Too!

            I don’t get how it will make 0bama look good to propose an FDIC increase, when it was what hung up the bill yesterday. Does he think he can strongarm Paulson into this concession?

            I do know that he is really good at stealing others’ popular ideas. Bill Clinton alluded to that on Sunday in his interview with Tom Brokaw. He talked about how 0bama’s health care and energy proposals got better as the primary went on, IOW, Zero was stealing from Hillary.

            • c17wife

              That is exactly what will happen and he will credit for it.
              My tinfoil hat is showing, but a part of me believes that Paulson has contrived this to get Barack elected.
              Follow the money dots.

          • workingclass artist

            Ehemmm….BINGO!

    • tek

      You are clueless. It’s got nothing to do with credit cards, they’ll work like always. But you won’t have a job because your boss gets the payroll money on credit, you can’t buy a house or car or anything because you can’t get a loan. Maybe you’ve got $250,000 in your pocket but average people don’t. You can’t sell your house because no one can get a loan to buy it.

      • Reverend Wright, can you fix my garlic nose?

        I was replying to Shiloh’s characterization of taxpayers as greedy.

        It was a simplification of the principle that – when credit was loosened – Mr. and Mrs. Average American flew through the gates hungry for cheap money.

        That they forgot they had to pay back.

        Any homeseller can sell their house if they price it right. The problem is that people were thinking of their residences as

        a: A bricks and mortar ATM
        and/or
        b: retirement fund when they sell to the next sucker.

        This entire debacle can be summed up this way:
        Fools rushed in where angels feared to tread, from Main Street all the way up to Wall Street.

        And yes, it has to do with credit cards, because they are the keystone of the “Faux Liquidity Construct”.

        • Tristan

          A banks job is to make profitable loans. In the scenario you’re saying you blame the banker, not the consumer.

          And by the way I hate the politicians using the word “greedy” – its meaningless. Look, if there was fraud, someone should go to jail. If there wasn’t fraud, then change the regulation to demand much better disclosure from sellers and more responsibility from buyers.

          The word “greed” is meaningless – yes, every company is trying to grow its profits, that’s why its the government’s job to regulate them, to make sure they grow them through legitimate means.

          • Reverend Wright, can you fix my garlic nose?

            No I was spreading the blame around.

            The lenders facilitated the consumers’ lust for consumable goods. (How many of us have heard of folks getting credit cards after declaring bankruptcy?)

            And durables. Anything that could be purchased on a credit line. From any source.

  • HARP

    I would like to see McCain put together a short documentary ( 5 to 10 mins ). Since national ad time is big $$, he could hold a large press conference which would force MSM to carry it.

    This would allow him to point out who is to blame for this mess and what he would do to fix it.

    Any thoughts.

    • Jackie

      I will make the point today whenI go to the Campaign HQ

    • D Grace

      Totally Agree. I had the same thoughts

  • txchick57

    McCain is incoherent on these money issues. Romney was a PE banker who understands the markets and the problems. I didn’t like everything about him, in fact there are things I hated about him but this is the kind of guy who should be speaking for the Republican party right now. Maybe it’s just me, being a WS type myself, I tend to give more credibility to people who played the game successfully and kept all their profit.

  • Lisa

    This bail-out is nothing but a band-aid covering a mess that has been going on for years. Many people saw this coming and it was up to Congress and the President to do something about it. Big Shocker, they didn’t.
    Now they are using scare tactics to tell the taxpayers of this country to save Wall Street. Let Wall Street save itself.
    By the way, the sky didn’t fall..and the sun came up today.

    • Mary

      Agree, Lisa.

      Unless they change the rules on the no-money-down, no-credit-rating-required, ACORN loans, nothing will change.

      We’ll just face the same crap 10 years from now.

      Notice, the Congressional Black Caucus voted against this bill, en masse, because the ACORN provision had been removed, and refuse to support it (per Clyburn) unless it is re-inserted in the bill.

      Like hell.

      • tek

        The Congressional Black Caucus needs to get over themselves and it’s about time we all stopped pandering to these people who for years have had more opportunity in this country than anyone. They don’t want to be Uncle Toms and get a respectable education and a job.

  • lizpolaris

    No bailout and still no bailout.

    It’s not in the best interest of the American people to pay ransom to bankers who are holding good credit hostage to their temper tantrum.

    Essentially, bankers are now starting to refuse credit to ordinary Americans who are good credit risks – people who pay their bills and run small businesses responsibly and have good credit ratings. Why? Because they have been bankrupted by Wall St investment banks who made high risk derivative bets – and lost.

    Who does Bush/Pelosi/Reid want to help now? The ordinary folks who are irrationally being denied credit to keep the regular economy going OR the same investment firms who irresponsibly risked their assets on bad bets? Of course, it’s Wall St that will get government help – after the government failed to regulate their irresponsible behavior.

    In what way does that bailout – which is not at all certain to help the ordinary American (in other words, we can bailout these greedy SOBs making sure they don’t lose any money and still find we can get no credit and our economy is in the tank) – reform what is obviously a broken system and put our economy back on track? The answer is – from all the economists I read yesterday – it doesn’t and there’s no evidence it will help at all.

    It still looks like a taxpayer rip off, plain and simple. Thank the stars that it’s election time, so voters were able to pressure Congress into voting NO!

    • HARP

      700 billion……Lipstick on a pig.

    • txchick57

      and there is still another one coming down the pike – securities backed by credit card and auto loans. We haven’t gotten to that one yet, not to mention the so-called “Alt A” and “prime” mortgage defaults.

    • Tristan

      Banks are broke. They have nothing to lend.

  • educatedwhitewoman

    Nancy Pelosi told members of her own committee and 16 vulnerable Democrats that they could vote no on the bill. This, and the awful speech she made just before the vote, sure makes it look like she didn’t want the bill to pass and then wanted to blame the Republicans. If she knew the vote was close, why in the heck would she tell 21 Democrats that they could vote against it? Something really smells rotten here. Earth to Nancy: we know all about Fannie and Freddie, Republican efforts to overhaul it, thwarted by the Democrats, and the Democratic ties to Goldman Sachs and other Wall Street firms playing the game with the thieves at Fannie & Freddie. Keep blaming the Republicans; the pushback on reform was all on the Democratic side, and for good reason: follow the money. How did Barack Obama become the second-highest recipient of donations from Fannie and Freddie in just 3 short years in the Senate? How about all of his donations from Goldman and friends on Wall Street? And lets not forget ACORN. Is that why you wanted the Bailout Bill killed? Because the ACORN provision was removed and the Black Caucus would not go along? Follow the money.

    • Mary

      Not to mention, that James Clyburn, as part of the Democratic leadership, admitted this morning on Morning Joe that he KNEW the Congressional Black Caucus was voting AGAINST the bill, en masse.

      So….yes, it does look suspicious.

      • Kal

        Link please?

        • Mary

          Go to MSNBC website videos, Kal, under Morning Joe show, and find it yourself.

          Clyburn said this morning that if the Acorn provision is put back in the bill, the CBC would “gladly” support the bill. (small smirk on his face)

          Why didn’t Obama pressure any 10 members of the CBC to support the bill?

          • csuzeq

            ACORN!

          • tek

            Well, this is what you get for running a black man for president. Now they think they can dictate to everybody. The Democrats have created a monster.

      • OhVoter

        Here’s a video you should see regarding Obama and the Congressional Black Caucus:

        http://www.youtube.com/watch?v=usvG-s_Ssb0

        Obama should be asked about the black caucus voting en masse — oh wait, what am I thinking. That might be hard for him to answer and the MSM wouldn’t want to make anything uncomfortable for Obama.

        • Mary

          MSM can’t do that. Clyburn will gladly call them racists, just like he did Bill & Hillary Clinton.

          A race hustler in high office is still a race hustler.

          Let’s ask Sheila Jackson Lee, Bobby Rush, John Conyers, and Jesse Jackson Jr why they voted AGAINST the very bill Barak Obama was supposedly supporting.

          Let’s do it on public TV. :)

    • dixie

      ACORN has almost became a movement itself.

  • 30yrdem-not any more

    Have you seen this…whatch if you need a laugh..(who doesn’t right now)

    A Special Message from Barack Obama’s Teleprompter

    • beebop

      That is probably the only laugh all day. Market is open …. how much can I lose today?

      • 30yrdem-not any more

        We took a big hit yesterday…

        Hang in there beebop…I am hearing it will start up today.

      • 30yrdem-not any more

        +213.85

        • beebop

          Well … IBM and Visa which only took a marginal hit yesterday are going down more today. That’s okay. I have a roof. And my health … well, physical health any way …. ;)

      • bemused

        I don’t put much faith in the DOW. I like to watch metals prices. This site also has stocks, exchange rate, oil:
        http://www.kitco.com/market/
        When things are looking gloomy, gold shoots up. It was up and down $25 yesterday. Oil went way down. The relation between oil and gold is not clear…I think this means oil is being manipulated, but gold is a knee-jerk reaction.
        Today the DOW is up, gold is starting off down. Interesting is that Platinum and Palladium, which are critical in manufacturing, have been way down all week (but they had gotten a little inflated). Try metal watching for a while.

    • OhVoter

      Funny video.

  • tish

    check this out i found this when i did a paulsen and goldman sachs search
    Contact Us Policies Mailing Lists Radio Video Publish! Calendar Search
    Stop the United States of Goldman Sachs
    by Sathya Spreads Tuesday, May. 30, 2006 at 3:34 PM
    newark27@yahoo.com (email address validated)

    Goldman Sachs is invested in war, slaughterhouses, deforestation. Now Bush wants its CEO to be the Treasury Secretary.

    Goldman Sachs, major investor in slaughterhouse and
    meat companies,
    dominates the US government. Henry Paulsen, CEO of
    Goldman Sachs, has now been nominated to be the
    Secretary of the Treasury Goldman Sachs
    is the biggest investor in Tyson’s, the world’s
    biggest butcher of pigs
    and cows Pensioners are captive investors in Tyson’s
    as well through CALPERS etc. As chairman of the board
    of Nature Conservancy he has steered NC into allowing
    slaughterhouse bound animals on its ‘wilderness’
    tracts. The most devastating of environmental impacts
    is caused by the animal agriculture industry. While
    Paulsen is touted as an environmentalist,
    nothing is worse for the environment than the
    deforestation, flood
    and famine associated with enslaved cattle.
    This week Goldman Sachs along with Maurice Greenberg’s
    AIG bid to control the Canadian energy market by
    attempting to take Kinder Morgan’s 43,000 miles of
    pipelines private, with a 13.8 billion dollar bid.
    Private equity firms
    have dealings hidden from the public. Many Americans
    are
    calling for the nationalization of American pipelines
    and energy
    and utility companies, so important to national
    security.

    War profiteering has been privatized in many cases as
    well. One
    example is the Carlyle Group, cofounded by David
    Rubenstein,
    which has attracted the private investment money of
    George H W
    Bush, former UK PM John Major, and others. These men
    profiteered from
    the sale of obsolete howitzers to the military. Gerald
    Ford rose
    to billionaire status through the help of Sanford
    Weill of Citibank.
    Republican presidents whose ascendancy to power has
    been
    fraudulent, have descended from power with stolen
    monies.

    Jon Corzine, governor of pharmaceutically dominated
    NJ, is a former CEO of Goldman Sachs. Josh Bolten, new
    White House Chief of Staff, and Robert Rubin, former
    cabinet member who arranged the destabilization of Russia
    plunging millions into poverty are also from Goldman Sachs. Goldman Sachs is
    also a major promoter of the war in Iraq and has many
    ties to Israeli capital. Israeli capital is also
    illegally
    controlling ABC Disney through an extra-US holding
    company deceptively
    called “Shamrock.”
    While NPR twice reported the Bush nomination as if it
    were a done deal, it is not.

    US senators can turn down the nomination.
    http://www.senate.gov

    http://www.public-integrity.org

  • wodiej

    the shit is getting deep out there in the Democratic Congress isn’t it?

    • workingclass artist

      Hmmmm….Been a Lifelong Democrat for 30 years reiding mostly in the Mildly Fascist Republic of Texas ( a lonely wilderness )…chuckle…This year I will vote REPUBLICAN because FASCISTS HAVE TAKEN OVER MY PARTY!

      Now the biggest difference between these fascists…chuckle…is at least I know what to expect from the GOP…Soerobama is worse…way worse!

  • dixie

    Out of oil, out of money, out of credit, out of allies, What’s next? A hostile Latin America, a hostile Russia, a hostile Islamic peoples, and a hostile anti American insider? John McCain may not be the financial expert on Wall Street,but I think he fully realizes the consequences of a collapsed economy and a weakened America far better than any of the dems who are trying to install their candidate in the oval office. History repeating itself? The 1930s that led up to WW11?

    • 30yrdem-not any more

      Venezuela to build nuclear technology with Russia

      CARACAS, Venezuela – President Hugo Chavez said Sunday that Russia will help Venezuela develop nuclear energy — a move likely to raise U.S. concerns over increasingly close cooperation between Caracas and Moscow.

      Chavez said he accepted an offer from Russian Prime Minister Vladimir Putin for assistance in building a nuclear reactor.

      “Russia is ready to support Venezuela in the development of nuclear energy with peaceful purposes and we already have a commission working on it,” Chavez said. “We are interested in developing nuclear energy.”

      Putin offered Chavez assistance in developing nuclear energy during a meeting in the Russian city of Novo-Ogaryovo last week. The prime minister did not specify what kind of cooperation he could offer Venezuela, but Russia is aggressively promoting itself as a builder of nuclear power plants in developing nations.

      Russia has ramped up its cooperation with Venezuela since last month’s war with Georgia, which badly damaged Moscow’s already strained ties with the West, particularly the United States.

      During Chavez’s visit to Russia last week, a Russian naval squadron sailed for the Caribbean Sea in preparation for joint exercises with Venezuela later this year — a move that appeared retaliatory after the U.S. sent warships to deliver aid to Georgia.

      The deployment is expected to represent the largest Russian naval maneuvers in the Caribbean — and perhaps the Western Hemisphere — since the Cold War.

      Chavez says that stronger ties with Russia will help build a multi-polar world — a term the two allies use to describe their shared opposition to what they claim is U.S. global domination.

      Since 2005, Venezuela has agreed to buy more than US$4.4 billion worth of weapons from Russia including fighter jets, combat helicopters, and 100,000 Kalashnikov assault rifles. And President Dmitry Medvedev has offered Chavez a loan to purchase additional weapons.

      Chavez argues the United States and European Union do not have the right to prevent developing countries from pursuing nuclear technology, and he has strongly defended Iran’s nuclear program despite the Western powers’ fear that Tehran may be building nuclear weapons.

      Before taking Russia up on its offer, Chavez had expressed interest in acquiring a nuclear reactor from Argentina and working with Iran, among other countries, to research nuclear energy.

      • dixie

        I remember the Cuban missile crisis all to well. I was still in the Marine Corps then and we had full packs hanging on the foot of our bunks at the ready to move out.

    • C.S.

      Don’t disagree. And you’ve just pointed out why a retired military officer would be preferable to a junior senator whose only experience with hostility so far is the recent backlash from the primaries and the Denver Convention.

    • Steve1

      Wait a minute, as I recall the 30′s were a result of Repub polices from the the roaring twenties, and Dems were swept into office by a weak Hoover administration? Yet, I too believe that the criminal activities of the Wall Street corporate gangsters sure not be rewarded with an unquestioned bailout. Lets provide those funds to the homeowners! Let our people’s reps in Congress devise a plan of action, workout a plan where from the bottom up, people’s financial situations are stablized. They pay their mortgages, banks get their payments, Regulations implemented to correct the errors of the mortgage pig-out. I want Congress to hold hearings, televised. I want to see debates, expects, discussions. In short santity! No more rushed uncritical discussion. They did this with the Iraq war, scare tactics, they are doing this with the SOetoro-Obama vetting, “he’s our answer crap!” We don’t need to rush into granting $700 billion into the hands of the very people who created this mess. We need reps in Congress who will look after the people’s interests. Someone who is going to deal with the corporate crooks, Senator Clinton, where is she? As a Core Dem, I know there is blame in both parties, we need real leaders, hopefully McCain will step up the plate. I could never vote for that Ahole-Soetoro-Obama, (no-subtance)

      • dixie

        Steve1
        Herbert Hoover was a republican in office 1929. But the Great Depression was worldwide. Traumatic times have always brought out the world’s worst characters who try to take control. Hitler came on the heels of that era. His pitch to the German people was that the rich Jews were the cause of all their problems (even though Hitler had his sights set on ruling the world). But to become their leader Hitler convinced the German people it was the Jewish people’s fault that Germany was in their depression. The wealthy Jews of Germany were the financeirs of Germany at that time. And how better to get rid of their debt than for Hitler and the German people to kill off all the JEWS. Today in his book Dreams of My Father, Obama wrote, “A world in need run by ‘WHITE MEN’s GREED’ “. Connect the dots. Much of the world seem to think America is the root of all their problems.

        • workingclass artist

          The Depression of the 30′s was due to lots of factors and was GLOBAL…In America the Dust Bowl had a lot to do with it. Hitler’s fix was FASCISM

          • dixie

            What do you think Obama is?

            • workingclass artist

              Dixie….I’ve been sayin for months that Soeterobama is a fascist….and unfit for any elective office….nuff said…

              ” When Bullets Fly…Kindly fall neatly into Pit…” Rule #12. FASCISM FOR DUMMIES
              Also known as The Official Obama Supporters Handbook. Available in 4 lungauages including ARABIC & With Full Color Illustrations and Bendable Action Figurine

  • OhVoter

    Everyday something else makes me literally physically ill. This is an open thread so I think I can post this lasted disgusting Palin insult. Women of this country (and men who care about women)need to REVOLT.

    Please note that this man used his daughter for his model:

    http://www.chicagotribune.com/news/local/chi-talk-naked-sarahsep30,0,4944201.story

    • 30yrdem-not any more

      What kind of man puts his daughters naked body up on a wall with another woman’s head on it…I feel sorry for the girl…How awful that her own father is doing this to her.

    • OhVoter

      Oops, meant to put this here:

      P.S. There is a poll at the end of the article asking if the portrait was offensive. 45.5% (as of now) do NOT think it is offensive. That is appalling!

      • 30yrdem-not any more

        #

        Offensive?

        Yes (463 responses)

        57.2%

        No (346 responses)

        42.8%

        * 809 total responses

    • Independently Minded

      OhVoter, I read that on Drudge earlier. Supporters of Obama seem to be devoid of morals or common decency. I am glad I quit the party and became an Independent two years ago. I hope O’Reilly or Hannity says something about it on their shows.

      • http://powerandcontrol.blogspot.com M. Simon

        Note the guy used his daughter as a model for everything he despises.

        Classy guy. He must be an Obama Democrat.

  • OhVoter

    P.S. There is a poll at the end of the article asking if the portrait was offensive. 45.5% (as of now) do NOT think it is offensive. That is appalling!

  • 30yrdem-not any more

    Chris Matthews Interviews His Daughter…Without Disclosing It

    On Friday’s “Hardball,” Chris Matthews interviewed a number of student members of the group Concerned Youth of America.

    One of those students — Caroline — is his daughter, a student at the University of Pennsylvania. Did Matthews disclose that fact as he interviewed her?

    Not so much:
    Chris Matthews Interviews His Daughter
    One tipster tells FishbowlDC that “Matthews, at the asking of his daughter, instructed the producers not to name her.”

    • workingclass artist

      OH FOR CRYIN OUT LOUD!….SHEEESH!

  • Betty

    Good! Maybe no some Americans will realize they need to “vet” their candidates and not just elect the easiest one. The one they saw the most on tv (most money), the one that looks the best (young, attractive) or the one who speaks the best (got his own teleprompter).

  • 30yrdem-not any more

    Something good to read while we watch the markets.

    ACORN, Obama, and the Mortgage Mess

  • Sassy

    Other than one professor from Carnegie Mellon, every financial expert that I have seen has said that we have a serious financial problem.
    The longer this drags on, the worse it will get.
    Yes, construct the best package possible, in a reasonable length of time, and then act!
    If cooler heads don’t prevail, and the “fools” stay out of the way, we may not recover in this lifetime!

  • SJ

    Every time I see a clip of ACORN on the TV I always see some bulky black guys and gals talking to voters, filling out forms and so on.

    Is Acorn a predominantly black activist group? If that is the case well I can see why some democrats did not support this bill, they were more interested in getting free money once again for their constituents.

    People can dance around the problem but this is the main crux of it the handouts that people like Maxime Walters and crew, push to give the perception of inclusiveness to minorities, now Obama is on the stage and he is using the same dam election propaganda.

    Free this, free that he cares about everyone of course he does its not his dam money he is going to be throwing away at these groups, all Obama wants to do is win, when he does anyone that makes a fuss about how he is running this country will then have to deal with his truth squad, ACORN and all the other bullies that Obama has aligned his self with over the years.

    I just hope that the American people wake up and take a deep look at what is before them, if they don’t when things fall apart they will have no one else to blame but themselves.

    • workingclass artist

      ACORN IS A MINORITY RIGHTS GROUP…
      Depending on the region…In the Southwest there is lots of activity among Latino groups as well…

  • HC

    Unless you work in banking or need to cash out your investments within the next 18 mos, why not do something else today?

    Watching a graph wiggle up and down does nothing if you are a longer term investor. Stocks are a risk-reward, although it seems people forget the risk part.

    And no, I am not 21 and I dont live in a basement. I will be taking my financial hits like everyone else – courtesy of the ridiculous subprime mortgage industry and its affiliated thieving politicians. This isn’t the free market biting us, it is theft and graft and pandering for votes.

    • http://uppitywoman08.wordpress.com Uppity Woman

      I agree. My portfolio is in the crapper and I’m getting pretty close to retirement. But I know instinctively that something stinks with this plan.

      I was also thinking: here that our useless congress wants the taxpayers whose jobs were sent overseas to pay to bail out the same corporations who stuck it in their necks. Many people lost their jobs only to find they are making far less money today, or that they have to work two jobs to keep up.

      I was just wondering: How come nobody in congress has said to these companies looking for the money of American taxpayers they shafted: Bring your damned jobs back to the people who are saving your asses!

      • http://uppitywoman08.wordpress.com Uppity Woman

        Try calling Customer service for one of these banks and see what country you are talking to.

        Let India bail them out.

  • Rob in Chicago

    Poor John McCain must be cursing his bad fortune (snark), as stroke victim/film critic, Roger Ebert, has announced on his website that he has instructed his wife that McCain should not be invited to any more Ebert dinner parties because McCain was allegedly (in Ebert’s eyes) rude to his guy, Barack Obama at last Friday’s debate, as McCain would not look Obama in the eye.

    http://rogerebert.suntimes.com/apps/pbcs.dll/article?AID=/20080928/COMMENTARY/809289997

    I’ve noted that McCain has a wry and sly sense of humor, and like that aspect of his personality. It is likely that he finds Obama either amusing to look at or is put off by Obama, and he didn’t wamt to be distracted or thrown off his game by looking at Obama. Imagine how offended Ebert would have been if McCain had greeted Obama, looked into his eyes, and had bust into uncontrolled laughter (or had tossed his lunch).

    • HC

      I am really into men who “instruct their wives”.

      Whatever.

    • StrawberryBitesBarky

      Ebert is still alive? Wait, isn’t he from Chicago? …He’s a film critc for Christ’s sake. Those are folks who have no talent whatsoever yet go around telling others that their work sucks. Oh my god, talk about being full of himself.

  • CheatedFLVoter

    Breaking…LA Times says Biden to step down for health reasons after Thursday night debate.

    • SJ

      Who really keeps pushing this crap people are voting already, time to get off this nonsense of a Hillary come back geez live in the present for god sakes

    • workingclass artist

      NO SHIT!…NQ ROCKS!
      Commenters and writers predicted this one early…chuckle…No WOnder FOX is imitating NQ…lol

    • tbww

      link?

  • http://home.comcast.net/~vincep312 VinceP1974

    If we had a real president instead of that waste of Carbon units now (speaking as a former Bush fan , and reluctant critic now), there would be criminal investigations of Pelosi, Reed, Dodd, Frank, Waters, and Schumer for defrauding the American people of trillions of dollars.

    • Steve1

      Listen, there should be criminal investigations of the corporate shitheads, the corporate controlled MSM, Both political parties, they are equally to blame! Its all about the money game. We needs leaders who will represent our people, look out for MSA. Clinton, 2012!

  • indeptgayle

    I don’t think McCain hit hard enough! He blew the opportunity at the start of the debate to expose Obama’s hypocritical stance on our current crises. He’s too polite – he needs to expose Obama.

    Even though his whining little voice drives me nuts, I am beginning to think Ron Paul is the only one telling the truth.

    • StrawberryBitesBarky

      He and Kucinich. Now that would have been a freaky ticket.

  • typewriterstreaming

    I can’t believe the LA blog does state Clinton will replace Biden. It’s idiotic. Obama is still at the top of the ticket and what many of us former Hillary supporters strongly object to. Putting Hillary on the bottom of the ticket doesn’t make Obama’s policies any less like socialism. Sickening. Watching the polls dip for McCain feels so much like the primaries – I felt hostage to doom. Very upsetting. That people are actually buying the notion that Obama’s economic policies will help this country is dumb founding. The MSM will have won. Evenif there is one, no Whitey tape is going to help McCain out of this one.

    • workingclass artist

      Desperate times call for desperate measures…chuckle…Still Won’t Vote For BARKY!
      I would not Vote For Barky if The Virgin Mary was His Running Mate!
      SOETEROBAMA IS A FASCIST AND UNFIT FOR ANY ELECTIVE OFFICE.

  • indeptgayle

    It will be political suicide for Hillary to tie herslef in with Obama. I just can’t believe she would do that. And Bill seems to be actively sabotaging the Obama campaign.

    • Independently Minded

      Don’t you just love Bill. That SNL skit Saturday of him was right on! I don’t think he will ever be able to support Obama with any kind of sincerity. He’s got Obama’s number. I wonder what he knows about him that we don’t.

      • beebop

        Bill doesn’t know anything about 0bama we don’t. Bill’s not afraid to call a kettle a kettle and a pot a pot. (I’m afraid to use any other formerly acceptable phrases in terms of the new new new PCness ….)

    • lark

      Yeah right. He will be campaigning for Obama tomorrow in Orlando.

      • beebop

        Unless he’s not ….

  • typewriterstreaming

    indeptgayle: completely agree. It makes me sick to see Hillary as supportive as she is.

  • typewriterstreaming

    What aboout Trumps proposal that costs us nothing, zippo – about revoking the Mark to Market – American Thinker has a very good article explaining this. How come a notion like this isn’t being seriously discussed? Oh, right, then Acorn and LaRoza et al, would be SOL.

    • shadow

      Last Night and this morning on tv i heard Newt Gingrich, Steve Forbes, and Mike Huckabee suggest the same thing. Why isn’t Bush and Congress and paulsen listening to these people too? Makes you wonder what the real reasons for this bailout are.

      • beebop

        Rhymes with Crayolla?

  • lark

    Thanks Susan for your post. I am afraid I don’t agree with this rush to pass this bailout bill as it was presented without a good measure of public discussion. Why pass a bill because of Rosh Hashana. The whole world revolves around getting someone else to pay for the mistakes of others. Rosh Hashana goes along also with that.

    What’s important is that the bill does not permit the TCzar to hold foreclosed properties but to bring them to the market in an orderly fashion. The housing market must not be held hostage to the TCzar.

  • typewriterstreaming

    This video is excellent. I never heard of this Dem. before, but she reminded me of why I used to be a Democrat – she let’s it rip about the bamboozle in rushing to pass this bill. well worth a look.

    Let’s Play “WALLSTREET BAILOUT” The Rules Are… Rep Kaptur
    http://www.youtube.com/watch?v=S27yitK32ds

  • Mr.Murder

    Newt changed his ways over this? It made him stop cheating on his wife?

  • benny

    Bill Clinton on ABC: Democrats at Fault

    Going very much against the media meme that the current financial crisis is all George W. Bush and the Republicans’ fault, Bill Clinton on Thursday told ABC’s Chris Cuomo that Democrats for years have been “resisting any efforts by Republicans in the Congress or by me when I was President to put some standards and tighten up a little on Fannie Mae and Freddie Mac.”

    Whether he knew it or not, Clinton was going against virtually all press outlets that have been pointing fingers at Republicans since this crisis began.

    CHRIS CUOMO, ABC NEWS: A little surprising for you to hear the Democrats saying, “This came out of nowhere, this is all about the Republicans. We had nothing to do with this.” Nancy Pelosi saying it. She signed the ‘99 Gramm Bill. She knew what was going on with the SEC. They’re all sophisticated people. Is that playing politics in this situation?

    BILL CLINTON: Well, maybe everybody does that a little bit. I think the responsibility the Democrats have may rest more in resisting any efforts by Republicans in the Congress or by me when I was President to put some standards and tighten up a little on Fannie Mae and Freddie Mac.

    • ugo

      I hope we democrat actaully read the above statement.

      If we want the truth instead of all this spin from my 14yrs old and his boddies in the basement that cannot even vote, read about what President Clinton has to say.

      Kerry and Gore ignore him and what happened?

      Now Obama call them racist, that is ok with you. Here we go again.

      We do not like the truth.

      We waite for another Clinton to come clean the house, hmmm Which Clinton though!!!!!!!!!!!!!!!!!!

  • Mr.Murder

    Alan Greenspan is a Democrat?

  • IronMan

    Latinos From Chicago Speaking Out Against Obama

    http://www.johnmccain.com/Informing/Multimedia/Player.aspx?guid=2d0d54e0-d1af-4f04-81b6-75e122ebf4f3

    This tells it all. Obama is all talk and no walk when it comes to helping the Latino community. Devestating video from Latinos in Chicago.

    • Steve1

      ironman-excellent video. Know what? I believe you can subsitute any group there and the answers would be the same? What has Mr. Soetoro-Obama ever done for America???? Uhmmmm, well, so much for community organizer? Yeah, right! During the primaries, Hispanic-Americans voted 50-65% for Senator Clinton. John McCain has a strong appeal among Hispanic-Americans, also Asian Americans voted up to 80% for Clinton during primaries. I hope the Repubs are pushing this. Hispanic, Asian American voters could make the difference between a Soetoro or a McCain presidency.

  • imustprotest

    Here’s a video ad from the McCain camp. “Where’s Obama?” They interview latinos in Chicago and ask….what has Obama done for the Latino community here in Chicago…..I bet you can guess the response…..NADA!

    http://www.johnmccain.com/Informing/Multimedia/Player.aspx?guid=2d0d54e0-d1af-4f04-81b6-75e122ebf4f3

  • imustprotest

    OMG….sorry Ironman! I didnt’ see your post above! Just trying to get this video out there! [color me embarrassed :) ]

  • http://www.lostinspacetv.com/ The Robot

    VIDEO: Obama Kids Sing for Dear Leader…

    http://www.youtube.com/watch?v=TW9b0xr06qA

    • OhVoter

      This is the creepiest video I have seen. Talk about mind control. Where is Pink Floyd when you need them.

      This reminds me of the “Kids for Obama” on his website. Talk about creepy.

      http://my.barackobama.com/page/content/kidshome

  • Romakant

    Hello, I search for film Max Payne, speak that on the Internet there was a film. Help to find.

  • Feralisson

    Horror. I of such video yet did not see. What for someone only has laid out it on a general review. Same it is simply brutal.
    http://newgobmovie.blogspot.com

  • Reforikolla

    Naked Sarah Palin on video. And it still the mayor, horror.
    http://moviehorrorr.blogspot.com