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Capitol Hill soap opera: "As the Stomach Turns"
Posted by: McQ on Thursday, September 25, 2008

We have a little back-and-forth going on in the breaking news department. First we get this:
Key lawmakers have reported an agreement in principle on a bailout of the financial industry designed to avert a deeper economic crisis.

Emerging from a two-hour negotiating session, Sen. Chris Dodd said, "We are very confident that we can act expeditiously."

Sen. Bob Bennett, a Utah Republican, told reporters: "I now expect that we will indeed hvae a plan that can pass the House, pass the Senate (and) be signed by the president." Dodd is a Connecticut Democrat who heads the Senate Banking Committee.
Then we get this:
But House GOP leaders said there is no deal.

“As I told our Conference this morning, there is no bipartisan deal at this time,” House Minority Leader John Boehner (R-Ohio) said. “There may be a deal among some Democrats, but House Republicans are not a part of it.”
Just to add a little fun to the mix, there's this:
The White House said Thursday morning that President Bush and GOP nominee John McCain might be on a different page about how close the administration and Congress are to reaching a deal on a Wall Street bailout.

"It has become clear that no consensus has developed to support the administration's proposal to meet the crisis," McCain said in New York City. "I do not believe that the plan on the table will pass as it currently stands, and we are running out of time."
And just to round it all out:
House and Senate leaders are discussing the possibility of attaching the Wall Street bailout to legislation to fund the federal government through March, GOP and Democratic aides said Thursday.

Aides cautioned that no decisions have been made and that the situation remains fluid.

Because voting against a combination bill would result in a government shutdown, the idea of attaching the bailout bill to the continuing resolution is appealing to leaders, aides said.

Additionally, it would give Congress a way around the requirement that all spending legislation originate in the House: Since the CR has passed the House, the Senate could simply take up the CR, add the bailout language, return it to the House for an up-or-down vote and then send it to President Bush.
Of course that little technical glitch they're talking about is just the Constitution. No biggie - always a way around that.

Not that Harry Reid cares - he's not going to schedule a vote on it on Friday anyway - no matter how pressing the need:
Harry Reid says he’s not scheduling any votes in the Senate for Friday.

The reason: He says he wants to give John McCain “no excuse” for missing Friday night’s presidential debate.
Oh, and in case all of that's not enough, let's see what Gallup has to say:
John McCain has gained ground and is now tied with Barack Obama among registered voters in the latest Gallup Poll Daily tracking update for Sept. 22-24, with each candidate getting 46% support.
Heh ... "may you live in interesting times".
 
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John McCain has gained ground and is now tied with Barack Obama among registered voters in the latest Gallup Poll Daily tracking update for Sept. 22-24, with each candidate getting 46% support.
Didn’t Erb call that one?

Damn this is fun.
 
Written By: Don
URL: http://
Didn’t Erb call that one?
Yeah, he said this was proof that McCain was going down. So far, whatever Erb thinks, the opposite happens.

I really have to have him vet my horseraces.
 
Written By: capt joe
URL: http://
Harry Reid says he’s not scheduling any votes in the Senate for Friday.

The reason: He says he wants to give John McCain "no excuse" for missing Friday night’s presidential debate.
Cheese ’n’ rice! Somebody needs to ask ol’ Dingy - on camera - which is more f***ing important: a vote that (allegedly) will prevent another Great Depression or letting two senators who want to be president have a debate on foreign policy.
 
Written By: docjim505
URL: http://
Hey McQ thanks to you and this post, I just wrote my first letter(s) to my Congressman and Senators (I lived in DC until recently, so that was a pointless exercise). When I went to the House site for contacting your Congressman, I couldn’t get through because of the volume. People are paying attention.
 
Written By: Amy
URL: http://
So far, whatever Erb thinks, the opposite happens.
No idea what he thinks, aside from the obvious fact that he wants Obama to win.

However, what he writes is a hoot.
 
Written By: Don
URL: http://
You guys are funny. Look at the Realclearpolitics poll page. Look at how most national and swing state polls are going to Obama. When people try to cherry pick one poll, it’s usually a sign of weakness. Also, look at how McCain is being burned by his decision to pull a stunt to try to use a national emergency to resuscitate his campaign.

Also remember how I was ridiculed last year for saying America is in decline, facing severe economic problems and that it’s only a matter of time before these come home to roost. Just watch: McCain’s campaign is imploding, the US economy is imploding, the news from Iraq is that they are as divided, corrupt and undemocratic as ever, with anti-Americanism high (so much for ’model Iraq’) and Afghanistan is falling apart. Meanwhile, Russia chuckles, makes deals with Venezuela and Iran, and German finance minister notes the US days of being a financial superpower are ending.

Face it, the US is a fallen power, we’re not taken as seriously, our military power has been shown insufficient to shape political events, and now our economic mite is shown to have been built on a house of cards. It’s decline, baby! Get used to it. That nationalist bravado is a thing of the past.

And due to our hubris, and our willingness to kill for no good reason, it’s a fate we deserve.
http://scotterb.wordpress.com
 
Written By: Scott Erb
URL: http://faculty.umf.maine.edu/~erb/blog.htm
Scott, what color is the sky on your world?
 
Written By: ray
URL: http://
Harry Reid says he’s not scheduling any votes in the Senate for Friday.

The reason: He says he wants to give John McCain "no excuse" for missing Friday night’s presidential debate
As long as he’s focused on the important stuff.....
Face it, the US is a fallen power
Wishing doesn’t make it so sweetie
 
Written By: shark
URL: http://
" it’s a fate we deserve."

I do think you should be the guest speaker at your next local VFW or American Legion Fourth of July picnic. Or Veteran’s day, which is coming up soon. Be sure someone tapes it.
 
Written By: timactual
URL: http://
Reality bites.

The US military has failed in Iraq and Afghanistan. In Afghanistan it looks bleak. In Iraq we’re trying to get out while saving face by giving up on the major goals of creating a pro-American Iraqi democracy, and accepting a divided country whose PM is closer to Iran than to us. Psychological problems are rampant with returning military people, divorce rates, suicide rates, and family problems skyrocketing. The US, in its failed effort at a kind of imperial control of world politics has abused those people who thought they were serving the cause of freedom. There was no noble cause, just misguided and arrogant politics. The politicians will do fine, those they used will pay the cost — and their families (not to mention the dead in Iraq and Afghanistan).

The US economy is on the brink of major crisis. This has been predicted for awhile, but fooled by a misguided "free market rules" ideology and hubris about our own supposed strength, government and big business ignored the signs. Now, we may be looking at high inflation, a continually weakened dollar, and the US ability to continue financed by investment and loans from countries like China and Saudi Arabia. How the mighty have fallen!

Meanwhile, North Korea realizes the US can’t really threaten it, so it reneges on its deal. Iran’s leader openly laughs at the "fallen empire" at the UN. The US gets angry about Russian involvement in Georgia — the best US ally in Iraq — but finds itself impotent to do anything about it. Then when the US tries to pressure Russia, the EU balks, and Russia starts making deals with countries like Venezuela and Iran, with the US unable to counter.

Maybe Barack Obama can institute the change in direction needed to prevent total collapse. Certainly the erratic and intellectually lazy John McCain cannot. And his running mate is all image, no substance, and looks to be imploding as even the McCain people are afraid to let her talk (and as people dig into her past, well, her pastor problem will probably be more damaging than Obama’s!) But all you rah-rah nationalists who have been thinking the US is a great number one power are learning the hard way where hubris leads.

I’ve been trying to warn you. You mocked, you didn’t learn. But now reality is going to administer the lesson.

(I’m going back into lurk/absence mode, as I’m really too busy to comment consistently. Have a nice day).
 
Written By: Scott Erb
URL: http://faculty.umf.maine.edu/~erb/blog.htm
Psychological problems are rampant with returning military people

As well as with college professors.
 
Written By: Uncle Pinky
URL: http://
(I’m going back into lurk/absence mode, as I’m really too busy to comment consistent with reality. Have a nice day).
Corrected that for ya...
The US economy is on the brink of major crisis. This has been predicted for awhile, but fooled by a misguided "free market rules" ideology and hubris about our own supposed strength, government and big business ignored the signs.
The reality is the Democrats ignored the signs, and made the problem worse. The Bush administration, in 2001, 2003, 2005 and 2006, warned of this. Tried to push legislation through to regulate GSE’s. And who came to the "rescue" of Freddie Mac/Fannie Mae, Barnie Frank and his band of ninnies.
 
Written By: Keith_Indy
URL: http://asecondhandconjecture.com
Oh, one more quick bit: the new Gallup numbers today show a three point jump in Obama’s numbers, he leads 48-45. Quite an uptick in a day. Rasmussen tracking Obama is now suddenly up 5, and in Hotline he’s up 7. But if you want to cherry pick only news that suits your argument, you’re in luck. There is one poll, the Battleground poll, that shows McCain still up 2. Everywhere else, things are moving in a blue direction.

Keith — both parties share blame, I see the Democrats and Republicans in an equal light on this.

OK, now I’ll leaving...it’s just after someone up there used Gallup to try to ridicule my point, I couldn’t resist pointing out the three point jump for Obama!
http://scotterb.wordpress.com
 
Written By: Scott Erb
URL: http://faculty.umf.maine.edu/~erb/blog.htm
Things will get real blue if things keep moving in a blue direction.

Sorry, but looking at the facts of who tried to get legislation passed, and who blocked it, there’s one side that in the last 8 years shares more of the blame.

Now, when you look at longer term, setting up this situation, there is more balance of blame.

But, in the last 8 years, Republicans wanted to regulate, and Democrats wanted to turn a blind eye to their friends at Fannie Mae/Freddie Mac.

So, should we trust the people who’ve suddenly been enlightened that they’re honest brokers in fixing this?

I can’t wait for the 527’s to descend w/ video of Frank’s, et al saying "there’s no problem", juxtaposed with him saying "we’re in a crisis." Then you have to ask, these are the same people who say there’s no problem with social security, or medicare."
 
Written By: Keith_Indy
URL: http://asecondhandconjecture.com
In October, 2007, a bill took effect that eliminated the access of a certain group of people to no fax payday loans. This bill was supported massively by both current presidential candidates. It capped the interest rate that payday loan stores could charge military personnel at 36%. The reason behind it was that an increasing number of soldiers in the Army, Navy, Air Force, Coast Guard, National Guard and the Marine Corps had been discovered that some of these loans had been taken out in their name without their knowledge. Some of them were victims of identity theft. Some of their spouses had taken out the loans without their knowledge and then had defaulted on them. To top that all off, many members of the military, who are on the lower end of the income scale, don’t have a great deal of access to professional financial advising. In the interest of protecting these valued members of society and to keep them from getting their security clearance compromised, the government ruled in favor of the measure. Senator Obama has gone on record stating that he will impose the same cap for the entire nation, and thereby legislatively killing the entire payday industry. We do not mean to tell you how to vote, because that’s your business, and it is up to each individual to vote their conscience. However, bear in mind that if the candidate were to make good on this looming threat to an entire industry, remember that he will be adding to unemployment and taking away a valuable service to all Americans.
Post Courtesy of Personal Money Store
Professional Blogging Team
Feed Back: 1-866-641-3406
Home: http://personalmoneystore.com/NoFaxPaydayLoans.html
Blog: http://personalmoneystore.com/moneyblog/


 
Written By: Payday Loan Advocate
URL: http://personalmoneystore.com/moneyblog/

 
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