A Republican Failure? Oh, Hell No!
The spin is starting already on the bailout bill’s failure. What’s surprising is that it’s starting to come from conservatives who should know better.
Ramesh Ponnuru says it’s bad for McCain and Republicans because he didn’t get House Republicans on board. Jim Manzi calls the rejection a “neat little experiment to test the actual odds of the current financial crisis turning into another Depression”. Rich Lowry is saying that “the likes of Mike Pence indeed played an extremely irresponsible role”.
Sorry, guys. That doesn’t fly. Republicans played their part. This is not their failure. This is a Democratic failure, lock, stock and barrel. Shame on the conservatives who are twisting themselves into pretzels to say otherwise.
Regardless of what the Chicken Little Paulson says, the market is still moving along, even a week after we were told that the collapse of the financial system was imminent. Indeed, the private sector is adapting right now and it would adapt even better if conservatives, would remember who the hell they are.
Even so, Jim Boehner delivered more than enough Republicans to pass this bill. Here are the numbers.
House Democrats: 235 – Number who voted for the bill: 140 – Total percentage: 60 percent.
House Republicans: 199 – Number who voted for the bill: 65 – Total percentage: 33 percent.
In other words, Boehner brought around a full third of House Republicans to vote for a bill that they almost unanimously were against and he did it in about three days. Remember that humongous government programs are the exact opposite of what conservatives should be fighting for. Meanwhile, Pelosi lost 40 percent of her caucus in three days. Say what you will about recalcritant Republicans, but a third of them were willing to take huge bites of the “crap sandwich” despite almost continuous insults from and naked demagoguery by Pelosi, Reid, Dodd, Frank, and Obama.
Remember, folks, the House Republicans were completely cut out of the process until John McCain showed up and gave them a seat at the table. And they were derided as “unpatriotic” by Nancy Pelosi for not attending a meeting they were never told about. They’ve taken shots from both sides of the argument from their own most ardent supporters.
And it’s their fault that only a third of them voted for a baldly leftist bill that rewarded irresponsible behavior, punished the vast majority of homeowners who played by the rules and took mortgages they could afford at cost to themselves, and sent the very strong message that the government would go into crisis mode to bail you out of your stupid or greedy decisions?
Bullpuckey. This is one hundred percent a Democratic mess. They have not negotiated in good faith. They caused the problem and have not even remotely approached seriousness to deal with it.
And Republicans should do everything in their power to hang this around their necks. If the Democrats want to drive us into socializing financial losses, then they can do it their damned selves. We conservatives extended ourselves and acted in good faith. I’m through with playing nice with those Marxist morons in the House. If they want to drive my country into a ditch, they’ll have to do it while I spend every minute I possibly can trying to wrest the wheel from their childish, greedy hands.
Other Posts of Interest:
- “Total Failure”? Hardly.
- It’s Just A Bill. Yes, It’s Only A Bill. And It Got Screwed Up on Capitol Hill.
- The Democrats’ Last-Ditch Energy Plan is a Temper Tantrum.
Category: Our New Democratic Overlords, The Economy and Your Money, The Republican Minority
"Regardless of what the Chicken Little Paulson says, the market is still moving along"
Please explain how the largest percentage drop in the DOW is "moving along." I'd call that "collapsing." And the Asian markets are already collapsing further, which will likely lead to another big collapse here tomorrow. How many trillions must be lost before Republicans acknowledge that there's a problem? Apparently one trillion dollars isn't even close. What's it going to take? Ten trillion? Twenty trillion? Boehner promised 90 votes in the compromise. He needs to deliver those votes or face a bill that all the Democrats will vote for. And I'm sure he won't like that. The problem here is that Republicans care more about 18th Century economic philosophy than the security of our country. While you obviously haven't gotten the message yet, more than two centuries have passed since the last time you guys came up with a plausible thought. Yes, the deal sucked, but it sucked because we had to compromise the plan to satisfy Republican delusions. But even that wasn't enough. As far as I'm concerned, the Republicans should now be completely shut out of any negotiations. They didn't keep their promise, so they should be considered to be incapable of negotiation. Shut them out and pass a real bill.
Largest percentage drop? Since when?
Today;s drop was a bit less than 7 percent.
Black Monday, 1987 was a drop of over 20 percent. The day after 9/11, the market dropped more than it did today. According to this, today's drop was only the 17th worst drop ever.
So, you know, panicking and handing large chunks of the financial industry over to the same federal government that caused this mess to begin with is a great idea.
And, by the way, why couldn't Nancy Pelosi get more than 60 percent of her own member to pass the bill? If she wanted the bill to pass, she had more than enough members to do it.
Oh yes, it's the Republican's fault – the minority party in the House. Yeah, sure. Keep singing yourself to sleep with that one.
I'm going to assume you have seen or heard this clip of the Republicans "acknowledging the problem" several years ago (and the Dems denying any such problem)?
http://www.youtube.com/watch?v=_MGT_cSi7Rs&
There is lots of information out there regarding who has done what & who has refused to stop the highway robbery. Never mind that it is all Democrats right now who are "in control" of the responsible committees who are supposed to be over-seeing all this mess.
I'm kind of surprised you would post on this thread with your nasty, smarter-than-thou attitude given the heaping amount of evidence that points only to Democrats (those thoroughly modern, 21st century sages of all things financial) as being the primary cause, as well as the primary beneficiaries, of this huge mess. Perhaps a little humility is in order?