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Originally Posted by roachboy
i just read the speech. i don't see why you'd be offended by it.
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I was offended primarily by the level of dishonesty regarding the root cause of the problem.
I was offended by the injection of partisan politics by the leader of the house at a time when both parties needed to work together. A wiser leader would have left the partisan commentary for others.
When the administration laid out the problem and their recommendation they did not make it a partisan issue, Democrats did starting from the very first reaction.
Democrats in my view are in part responsible for the "panic" that is in the market. The constant drum beat of doom and gloom from the left is disturbing. My gut is telling me that they want failure so they can make further political gains. Pelosi's speech confirmed that for me, I was offended. I am tired of it.
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it is surreal to me that the republicans are so touchy about this sort of description of the heritage they have to assume, like it or not, as a function of their support for the bush administration that they would be willing to risk exacerbating a panicky situation by voting against the bill---
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Like I wrote earlier, perhaps the bill is not as good as it could be. I suggested that we take the needed time to get it right. I don't like people saying they had no choice. I my book either support the legislation or vote against it - don't tell me you are against it but that you are voting for it. Republicans in the House have taken a stand. Pelosi and the Democrats don't need those votes - they have the numbers to do what they think is right.
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this quite apart from the problems i thought the bill had when i read through it this morning (over coffee---i don;t know what i was thinking--i really think i am the world's dullest human sometimes)...the way this has been pitched by most of the political class--including cowboy george--is as an unpleasant necessity. the republicans bolted. i don't see it as noble--i see it as partisan. they were collectively snippy about pelosi's speech and more interested in trying to fry her than in going along with their own party leadership.
to be clear about this, i find it funny more than anything else.
i don't have the axe to grind in it that you might think, ace.
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$700 billion is basically nothing in relationship to the total value of US mortgage obligations. This legislation is not necessary, it is one possible mean to address the market panic. Analogy Alert...Analogy Alert...
It is like our financial market is constipated, not dying, not near death, not with a serious disease, but constipated. We could take a laxitive - i.e. the bailout plan, Or, we could eat some oat meal with prunes and drink some grape juice. The laxitive may work and it may work faster, but that doesn't mean it is the only solution. Analogy over...Analogy over...
