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Goddammit, Nancy..

WHY? WHY did you DO that?

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( 13 comments — Leave a comment )
dontsayroscoe
Sep. 30th, 2008 02:57 am (UTC)
One thought...

http://www.fivethirtyeight.com/2008/09/pelosi-tips-scales.html

The Republicans' best-case scenario was the bill passing the House by one vote -- with as few as those votes as possible coming from Republicans.

Their worst-case scenario for them might have been ... what just happened this afternoon. Opposing the bailout had been a political freeroll before because it wasn't manifest to the public what the risks of a nay vote would be. But with the Dow having dropped 780 points today, the risks are now painfully obvious. What had looked to be a politically prudent position 24 hours ago now looks cavalier and reckless. And yet, the Republicans will still by and large will get blamed for putting us in this predicament in the first place. Plus, the failure of the bill is an embarrassment to John McCain...
happinessiseasy
Sep. 30th, 2008 05:02 am (UTC)
I think the risks were known. After a weekend of speculation, the markets opened up and everyone was waiting with bated breath on this bill. They knew the market would tank if it didn't pass. They had to know.
theycallmefro
Sep. 30th, 2008 01:27 pm (UTC)
I hate to break party lines but... fuck this bailout.

We're democrats for christ sake.
We take money from the rich... and DON'T GIVE IT BACK.
I think that if you fuck around in risky investments and get burned, you oughta fail. Otherwise I'd just go to las vegas and blow my rent check, then cry to uncle sam.
bjbass
Sep. 30th, 2008 02:18 pm (UTC)
Yeah, it hurts. But there's no cash flowing. Corporate lines of credit are in danger, for things like making payroll. The system is constipated, clogged up with empty houses. The government can make it go again. If some jerks get rich in the process, I hate that. But if my retirement fund continues to tank because companies can't maintain the cashflow needed for everyday business, I hate that a whole lot worse.
happinessiseasy
Sep. 30th, 2008 02:28 pm (UTC)
I agree in principle. It's just that we let these banks get too large and unregulated. But now that we're here, I don't see any other way out without sending us into an even deeper recession.
bjbass
Sep. 30th, 2008 04:16 am (UTC)
as if a bunch of conservative Republicans have ever been influenced by Nancy Pelosi. Those guys never intended to play. They want the Democrats to pass the bill. The Democrats, who have the numbers to do so, won't until the Republicans are all on board, so that it's a Republican solution to a Republican problem.

In the meantime, my mean retirement date is about 2065 and getting worse by the day while they play these games.
happinessiseasy
Sep. 30th, 2008 05:01 am (UTC)
Yes, but she gave them a perfect excuse! And so now our Speaker of the House looks like a partisan bitch.. which may not exactly be unfitting, from what I've seen.
bjbass
Sep. 30th, 2008 01:30 pm (UTC)
she is, of course... but there's nothing new about that.
theycallmefro
Sep. 30th, 2008 01:14 pm (UTC)
yeah, how do I move my 401k into gold?
bjbass
Sep. 30th, 2008 02:12 pm (UTC)
Gold is so last century. What you do, is you go draw out all your money, minus a substantial penalty for withdrawal, and go to your nearest jewelry store and buy Rolexes. You can probably buy Rolex funds, where you don't actually have to take possession of the watches.

Of course, with the state of my 401K right now, I think I could only buy three Casios.

Are you hanging in up there, with banks being bought and sold like popcorn at the dollar movies?
chris462
Sep. 30th, 2008 04:46 am (UTC)
What did she do?
chris462
Sep. 30th, 2008 03:01 pm (UTC)
Changing your vote based on a last-minute speech, rather than the bill itself, is spectacularly retarded.
( 13 comments — Leave a comment )

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