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We are led by little men and women
Posted by: Lance on Monday, September 29, 2008

I was not in favor of the Paulson plan if you haven't caught that yet. Still, the pitiful display from our congress today set a recent low.

First, faced with an unpopular and contentious bill which she feels for the good of the nation must be passed, we get a partisan and divisive speech from Nancy Pelosi:
Pelosi had said that the $700 billion price tag of the measure “is a number that is staggering, but tells us only the costs of the Bush Administration’s failed economic policies — policies built on budgetary recklessness, on an anything goes mentality, with no regulation, no supervision, and no discipline in the system.”
Pure horse hockey. More importantly, if Pelosi believes her rhetoric about the importance of this bill the poor judgment, lack of leadership and inability to understand the importance of statesmanship in a crisis should be grounds for immediate dismissal from her post.

Then, we get this pathetic response from the Republican leadership:
“I do believe that we could have gotten there today had it not been for this partisan speech that the speaker gave on the floor of the House,” House Minority Leader John Boehner (R-Ohio) said, adding that Pelosi “poisoned” the GOP conference.

Deputy Minority Whip Eric Cantor (R-Va.) held up a copy of Pelosi’s floor speech at a press conference and said she had “failed to listen and to lead” on the issue.

The Speaker had blasted the Bush administration in her speech and Minority Whip Roy Blunt (R-Mo.) asserted that some GOP lawmakers, who had reluctantly agreed to support the bill, might have changed their minds following Pelosi’s remarks.
"Might" have effected them? What whining. If it is false it shows the same tin ear that Pelosi demonstrated. If it is true it is even worse. Either way, did it not occur to them how petty it would look in a moment of crisis?

If these congressman or women really didn't support the bill and were going to vote for it anyway, the idea that they would change their votes because Pelosi was her normal clueless self is enough to deprive them of my vote forever. It is even more damning if they thought the bill was necessary and voted against it due to her behavior.

This is a disgrace.
 
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Bet on it: the "story" will be that the bailout plan failed on a party-line vote because GOP congressmen had their feelings hurt. Nobody in the media will mention all the dems who voted against it, too.

But I agree: the whole process is a disgrace. There’s been little but pure cowardice, showboating, and BS on this thing. And the Congress is apparently going on vacation tomorrow. The economy be damned: gotta celebrate Jewish New Year! Glad their priorities are straight.
 
Written By: docjim505
URL: http://
Why are the Dems blaming the R’s on this at all? I thought they only needed 14 or so votes, and 94 D’s voted No. Jeez Nancy, look in the frickin’ mirror!
 
Written By: meagain
URL: http://
This is not a crisis- I say that because nobody is acting like it is
 
Written By: shark
URL: http://
I;m thinking that if we leave things along bad stuff will happen.....but if these idiots meddle, worse things will happen.

 
Written By: shark
URL: http://
Shark, unfortunately you are probably right, but meddle they will. The best we can hope for is to shape the plan in some beneficial manner.
 
Written By: Lance
URL: http://riskandreturn.net
OMG she hurt out feelings im going to take my ball and go home!!
 
Written By: slntax
URL: http://
My quote for the day

"I knew that water runs downhill. I didn’t dream how terribly soon it would reach bottom."
-Professor Bernardo de la Paz, The Moon Is A Harsh Mistress by Robert A Heinlein

Seems particularly appropriate today.
 
Written By: Dan Melson
URL: http://www.searchlightcrusade.net/
Yeah, so if the R’s had voted for this bill after this speech, you know the Dems would have claimed:

a. Look! The R’s in Congress agree that its the GOP’s fault!
b. Bipartisan support.

This is like when the GOP had the reins and couldn’t pass anything on social security reform.
 
Written By: Harun
URL: http://
Neither party has had any cajones for at least a decade. They all refuse to take a stand on the principles they spout on the election circuit. Achieving power is their only goal, and that goes for both sides of the isle. The proof is in a vote like this, the vast majority of ’no’ votes came because they want to keep their jobs.

Leadership means you risk your job to do what you think is neccessary. There is no leadership from this congress, D or R. It’s all a$$ covering.

Fire ’em all.
 
Written By: John
URL: http://
The Dems run the House. If they want to save Wall Street, let them pass it. Doesn’t need a single Republican vote. It isn’t like the Senate where the minority has real power.

If they pass it, Reps run against them on the bail out. If they don’t, Reps run against them for failing to do their job.

Is that cheap? Yeah. Welcome to payback. I have had to listen to 5 years of how great Iraq would be if only we hadn’t gone in. As though Saddam was just a misunderstood and slightly furrier Mother-Teresa-in-waiting. Well now we are in the minority and can back seat drive this thing through November. Whatever the Dems do, we say they were wrong.
 
Written By: CAL
URL: http://
The Republicans who voted against it individually have as much responsibility for their vote as the Democrats who voted against it. And, of course, it was a Bush Administration plan. I had the same thought as Lance when I heard people complain about Pelosi’s speech — would any reasonable person vote on a crisis because they were mad at a speech!!?? I’m actually without a position on the bailout, I really find myself unable to choose whether or not I think it’s a good idea.
http://scotterb.wordpress.com

The next month or so will be interesting to observe.
 
Written By: Scott Erb
URL: http://faculty.umf.maine.edu/~erb/blog.htm
I had the same thought as Lance ...
No offense, doc, but you haven’t had the same thought as Lance other than your decision to have a bowel movement today. The only difference there is that he didn’t leave his in our comment section.

 
Written By: MichaelW
URL: http://qando.net
"I really find myself unable to choose whether or not I think it’s a good idea."

Of course not. This decision requires a willingness to put your money where your mouth has been. All that vaunted expertise and yet, when it comes down to it, no ability to actually make a decision on your own. What does Juan Cole say?
 
Written By: timactual
URL: http://
Gender role socialization occurs in part through observations of the rewards and punishments that others receive (Bussey & Bandura, 1999). These other people can be the "little women" and "little men" whom a child comes to know through books.
—————————
williamgeorge
Search Engine Optimization
 
Written By: williamgeorge
URL: http://drivenwide.com
"Might" have effected them? What whining. If it is false it shows the same tin ear that Pelosi demonstrated. If it is true it is even worse.
Affected I think. More important however is this manufactured play towards bipartisanship. Blaming, or finding fault within the GOP for not acting for the best interests of the country when clearly the Dems were, all along, using this ’rescue’ bill as a partisan bludgeon does you disservice Lance. Pelosi’s speech before voting was not the reason, merely the catalyst - after all just how many Dems in Barney Frank’s own committee voted against this bill?

Twelve.
 
Written By: bains
URL: http://
Michael, you sound bitter and annoyed. Perhaps reality is not unfolding as you expected?

Tim, I moved most of my investments away from equities a couple weeks ago, so I’ve made any decision involving my money already. As for the bailout, we’re not the ones making the decision.
http://scotterb.wordpress.com
 
Written By: Scott Erb
URL: http://faculty.umf.maine.edu/~erb/blog.htm
This morning we hear that Obama wants to raise the FDIC level from $100,000 to $250,000 to "restore confidence". One easy question ..

exactly how many of those "middle class Americans" that have been living from paycheck to paycheck have $100,000 in their bank accounts, let along $250,000 ?

I know I don’t. All it does is create a safe alternate to the mattress for those who bail out of the market. Some confidence building measure.
 
Written By: Neo
URL: http://
I am unconvinced.

Nancy Pelosi is a first class idiot, if she thinks this kind of BS is generating a ’spirit of cooperation’. And you know, if she wanted to scuttle the bill, I can’t think of a more effective way to do it, than what she did yesterday in the well. Come to think of it, it’s to the Democrats’ advantage to set things up this way, because in a few days, or weeks when she finally gets around to bringing this up for a vote again, she’s going to have congress critters begging to get screwed over, just so we can get the damn thing passed. The Democrats will be able to slip in about anything to that bill, and the desperation level will be high enough that nobody will object... or so she must figure. So, no, I wouldn’t put it past her to have planned things just so.

The fact is, though, that the more likley scenario was that she couldn’t get her own people to vote for it, and so she launched the little bomb I’ve posted above in the vid, and stood back. As the New York Post notes this monring, something like 95 House Democrats voted against it, despite the serious arm-twisting we hear was going on. But she gets up, opens her yap, and because she caused a number of Republicans to back off the thing, loudly, she now can place the blame on those nasty Wascuwee Wepubwicans, in spite of the facts, and thus saving face, she thinks.
 
Written By: Bithead
URL: http://bitsblog.florack.us
Actually Scott, those GOP members who voted no bear less responsibility. The Dems control the house, it’s up to Pelosi to get her caucus in line.

The Dems wanted it, it could pass w/o any real help from the GOP.

 
Written By: shark
URL: http://
Boris Erb:
I moved most of my investments away from equities a couple weeks ago,
A strong indicator that it’s time to buy!

If only investors had known about this.
 
Written By: Martin McPhillips
URL: http://newpaltzjournal.com
Perhaps reality is not unfolding as you expected?
Yeah, I figured that the Democratic party would take responsibility for a problem that they pretty much created. But no, they won’t. I guess reality and what passes for it on the left really don’t agree.

With this amount of bias in the press, I guess reality will never be faced by you and yours.
 
Written By: capt joe
URL: http://
I figured that the Democratic party would take responsibility for a problem that they pretty much created.
In that case you’ve yet to learn the final lesson about the Democratic Party.
 
Written By: Martin McPhillips
URL: http://newpaltzjournal.com
The complete failure of leadership on this is breathtaking...and I for one have zero confidence in our government now. How long before the rest of the world catches on remains to be seen (and felt), but I’d like to suggest that based on their ’stellar’ performance to date that "We the People" throw out anyone with ’incumbent’ by their name on the ballot in November.

In fact, I’d like to see the following option on all ballots: None of the Above. "If a majority of voters vote NoA, the candidate is dismissed and disqualified for the current election. A new candidate must be nominated and a second vote occurs within 60 days." Maybe that will wake up some of the numb-nuts who have been robbing oxygen in Congress (and the White House)for the past 20 years.
 
Written By: Unscripted Thoughts
URL: http://
Maybe that will wake up some of the numb-nuts who have been robbing oxygen in Congress (and the White House)for the past 20 years.
Congress, as an institution, is in more serious trouble than any election could solve.

When you front your bailout negotiations with Barney Frank, who might have had more to do with causing the problem than any other member of Congress, you are on a high-stakes mission of deceit.

When you front a presidential candidate whose associates are former Weather Underground terrorists, current black supremacist preachers, lunatic priests, and convicted fixer-embezzlers, and then call that a great moment in history because the candidate is a black man, you’re talking about a lurch toward power that is pure malevolence.
 
Written By: Martin McPhillips
URL: http://newpaltzjournal.com
Democrats who voted against it individually have more responsibility than the Republicans. Being the majority in the House, Democrats could have easily passed it along party lines. But, of course, it was a Bush Administration plan that didn’t have all the pork and giveaways that Democrats want, so they couldn’t get a measly 14 more votes to pass it. I had the same thought as Lance when I heard Pelosi’s speech — would any reasonable person expect that woman to lead in this crisis when she gets so rabid in a speech!!?? I’m actually without a position on the bailout, because you guys have caught me wrong so many times that I’m afraid to form opinions now.
 
Written By: Ott Scerb II
URL: http://liberaldoofus.com
Michael, you sound bitter and annoyed. Perhaps reality is not unfolding as you expected?
Perhaps you fail to realize that we consider your opinions to be unworthy of serious consideration because you’re such a dweeb? Scott, we’re just all sick of your faux-moderate pomposity, the fact that you never contribute anything of consequence to the discussion, and the fact that you make baldface assertions that are obviously wrong but no matter how much evidence of their falseness is piled in front of you, you whine and pout that "no one has addressed my points".

I look forward to some of our other contrarian commenters, because they keep the discussion lively, but you just pull the discussion into dreary repetition. Trying to have a discussion with you is like being encased in Silly String. No one wants to go there.

Of course, you will read what I just wrote, and think it just confirms about how you’re so smart we inadequate fools can’t deal with you, and we’re threatened and intimidated by your superior wisdom and perspective. Fine, you go ahead and think that. Just leave us alone.
 
Written By: Billy Hollis
URL: http://qando.net
Michael, you know how I always sound bitter and annoyed. Reality is never unfolding as I expected.

Tim, I moved most of my investments away from equities a couple weeks ago, so I’ve made any decision involving my money already. Just like Paul Krugman, my track record tells you to do the reverse of what I decide. As for the bailout, we’re not the ones making the decision, it’s about others making decisions using our money.
 
Written By: Ott Scerb II
URL: http://liberaldoofus.com
Well, looks like some of House members are saying that it was stupid of the House Republicans to say this...

http://www.politico.com/blogs/thecrypt/0908/Shadegg_Boehner_made_a_stupid_claim_by_blaming_Pelosis_speech.html
On Monday evening, Rep. Darrell Issa (R-Calif.), a lead opponent of the bailout, told the Crypt that the notion was "nonsense" and mocked the possibility that a Republican would be shocked or offended by the partisan nature of a Democratic speech.
This describes the slide pretty succinctly... RTWT

http://www.boston.com/bostonglobe/editorial_opinion/oped/articles/2008/09/28/franks_fingerprints_are_all_over_the_financial_fiasco/
Because while the mortgage crisis convulsing Wall Street has its share of private-sector culprits — many of whom have been learning lately just how pitiless the private sector’s discipline can be — they weren’t the ones who "got us into this mess." Barney Frank’s talking points notwithstanding, mortgage lenders didn’t wake up one fine day deciding to junk long-held standards of creditworthiness in order to make ill-advised loans to unqualified borrowers. It would be closer to the truth to say they woke up to find the government twisting their arms and demanding that they do so - or else.
And these are the same ninnies who’ve been claiming for years that there’s nothing wrong with Social Security.
 
Written By: Keith_Indy
URL: http://asecondhandconjecture.com
Note to Hollis:

Boris Erb is a passive-aggressive narcissist. As such, his compulsion to participate almost always (there are rare exceptions) results, immediately or after a few exchanges, in a double-bind, e.g.: "Listen to me I’m not saying anything" or "Don’t dare pay any attention to me."

You’re hearing that as "repetition," but it’s really "I can’t think, so it’s very important that I explain this to you because you can [think]."

In other words, he must always tell you what he thinks because he doesn’t [think]. It’s too risky for his self-image to think or to stop talking.

So, your problem with Boris, eveyone’s problem with Boris, is the problem of dealing with the psychology of the double-bind, which in this case is a manifestation of his passive-aggressive narcissism.

Now, that might sound sort of complicated, but place yourself in an imaginary hall of mirrors and it begins to make sense.
 
Written By: Martin McPhillips
URL: http://newpaltzjournal.com
And these are the same ninnies who’ve been claiming for years that there’s nothing wrong with Social Security.
You mean there’s something wrong with Social Security other than the fact that it’s the greatest Ponzi scheme in the history of civilization?
 
Written By: Martin McPhillips
URL: http://newpaltzjournal.com
This morning we hear that Obama wants to raise the FDIC level from $100,000 to $250,000 to "restore confidence". One easy question ..

exactly how many of those "middle class Americans" that have been living from paycheck to paycheck have $100,000 in their bank accounts, let along $250,000 ?

I know I don’t. All it does is create a safe alternate to the mattress for those who bail out of the market. Some confidence building measure.
McCain also...
I have talked to the President this morning and recommended an increase from $100,000 to $250,000 FDIC insurance on deposits.
 
Written By: PogueMahone
URL: http://
Blaming, or finding fault within the GOP for not acting for the best interests of the country when clearly the Dems were, all along, using this ’rescue’ bill as a partisan bludgeon does you disservice Lance.
Lance is spot on.
Just because the Dems are acting like politicians children, doesn’t mean the Republicans have to as well.

They all suck, dude. That is not a difficult scenario to imagine.

Cheers.
 
Written By: PogueMahone
URL: http://
If these congressman or women really didn’t support the bill and were going to vote for it anyway, the idea that they would change their votes because Pelosi was her normal clueless self is enough to deprive them of my vote forever. It is even more damning if they thought the bill was necessary and voted against it due to her behavior.

This is a disgrace.
The "Republican" that mentioned that Pelosi’s remarks caused the bill the fail, was a PRO-BAILOUT Republican who was trying to de-legitimize his ANTI-BAILOUT Republican brothers’ valid concerns.
 
Written By: jpm100
URL: http://
JPM,

Still pretty disgraceful don’t you think?
 
Written By: Lance
URL: http://riskandreturn.net
Bailout, right or wrong, its shows the slime crosses party lines.

But I’m not so sure it crosses from the Pro-bailout crowd to the Anti-bailout crowd. We have mostly Pro-Bailout Republican leadership assuming the spokesmen roll for the Anti-Bailout Republicans. So gauging how many really voted out of spite will never be known. I think the number is actually pretty low.

And we know almost nothing of the feelings of the Democrats that voted against it.
 
Written By: jpm100
URL: http://
JPM,

If you notice I allowed for the possibility that Boehner was full of crap in my post. If he is, and I have no reason to believe otherwise, then my criticism of the Republican leadership stands.
 
Written By: Lance
URL: http://asecondhandconjecture.com
Many Americans tuned in to watch the most recent “town hall-style” debate between presidential candidates Barack Obama and John McCain. My assumptions about politicians did not change much. No matter how direct a question is, politicians of any party cannot give a genuine or spontaneous answer. Instead, we are given pre-written responses that typically don’t answer the question we’re really asking. The reviews of the debate seem to be the same: BORING! The New York Times explained that the debate was “90 minutes of forced cordiality,” and I can’t say I disagree. And the Boston Globe depicted the debate as “mercifully free” of personal attacks. Consequently, the debate was also free of much of the tension that grabs TV viewers’ attention. McCain continued to toot his own horn: he restated the importance of his experience, his “stay the course” stance on the war in Iraq, and his oil drilling policies. Obama proceeded to criticize the Republican economic policies that he believes are to blame for the economic recession. Even after the debate, I think most Americans still have no concept of how the candidates would actually act in the face of a pending economic catastrophe. American needs a sound economic proposal. Obama’s stance on “predatory lending” – effectively sanctioning payday advance lenders – is not a sensible solution to the real economic problems we face.
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Written By: Payday Loan Advocate
URL: http://personalmoneystore.com/moneyblog/
The eyes of the American nation were fixed upon Hempstead, New York, on Wednesday, October 14th, 2008, for the third and final U.S. Presidential Debate. The Democratic candidate, Sen. Barack Obama, of Illinois, went into the debate with an eight point lead, and he was indeed content with it. The Republican candidate, Sen. John McCain brought it hard to his opponent, challenging his expertise, character, judgment and proposed policies. Obama’s position on the economic policies of the last eight years was far more critical than McCain’s, though he maintained that he is “not President Bush.” Both pledged that they would make cuts in the federal budget, McCain pledging to enact an “across the board spending freeze,” and take a hatchet to some programs whilst using a scalpel on others. Obama’s take was to “go through the federal budget page by page, line by line” in order to cut out those programs that are dysfunctional. Both of the candidates pledged to bring the change that America needs, but what does that mean? For instance, many politicians want to do away completely with the PAYDAY LOANS industry. Should they succeed, it will mean the end of the freedom to choose for the consumer, and the triumph of certain interest groups (the banks and credit unions, who have gotten themselves in enough trouble already) over the freedom of we, the American People.
 
Written By: David Johnston
URL: http://personalmoneystore.com

 
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