Comments on: Pelosi’s “Anything Goes” Partisanship Is The Cancer In DC

By: Stix

Stix — Tue, 30 Sep 2008 15:05:35 +0000

This is a plan that I got from my brother. Have the FDIC unlimit the amount of money it insures. $250,000 is a good start,but many older people will have well over that if they saved their money wisely. We do not want a run on banks, it is already starting and people are taking their money out of banks to the FDIC level. And then not bail out the banks at all, but work with those that are in trouble with their mortgages. It will not be an overnight fix, but nothing will. They need to work this out with the people that have the loans, not the banks, let the free market deal with the banks. But deal with the average person that got in over their head with the Housing Bubble, and prosecute those that used this to fill their coffers (Obama’s advisors Raines and Gorelick and others like that that used Enron style cooklng of books)

And For God’s sake, prosecute ACORN and the other Community Organizing organizations that forced banks to go against market based loaning pinciples. ACORN and others of thier ilk shook down banks to make them give loans to people that were not qualified using normal banking rules for loaning money. Yes it is great that more poor people own thier homes, but it is not good when gas prices and everything else goes up becuase of the ridiculous Environmentalists demanding no drilling. So what happens, prices go up for everything because of the Law of Supply and Demand. So the poor people pay for gas and food (because of ethonal) instead of their mortgages. This was a time bomb waiting to happen. And people saw this 10 yeas ago, but both the Republican and Democrats did nothing about it. “Let the Good Times Roll” At least a few Republicans tried, but were always blocked by the Dems.

By: GoToGuy

GoToGuy — Tue, 30 Sep 2008 15:00:44 +0000

It’s just sad that the health of our economy is entirely dependent on the political animals in Washington.

By: dave m

dave m — Tue, 30 Sep 2008 14:29:42 +0000

I’ve been listening to BBC Radio today. Apparently
“world leaders” are telling us we have to save the world economy.
Third world countries are accusing us of being unfair because if
we go down, who will give them money?
I’m fed up.
Let the suckers crash.
As far as the rest of the world, where the heck were you in the
last eight years? A few of you, thanks. The rest of you, thanks for
nothin’ bub. You can’t have it both ways. You can’t cheer our demise
when we’re up and ask us to save you when we’re down.
I think the Pelosi manoeuvre was intended.
I’ve changed my mind.
Bush isn’t going to deal with Iran and that is something that actually
need to be done, he is going to leave it for the next President.
So should he do with this bill. We’re five weeks before an election.
There is no bi-partisan effort anywhere. Admit defeat Sir.
Let the next President chart his economic course.
Stop being a mug.

By: djs

djs — Tue, 30 Sep 2008 13:55:25 +0000

The cancer is, as you’ve pointed out numerous times before, an irresponsible insistence on ideological purity.

By: KauaiBoy

KauaiBoy — Tue, 30 Sep 2008 12:23:52 +0000

AJ—I think the MSM poll gremlins got into your post—-20% is the IQ of those who support Congress—the real approval rating is in the single digits—-just a notch above the levels that justify torches and pitchforks and a march on the capital by the village idiots.

By: Rick C

Rick C — Tue, 30 Sep 2008 12:20:54 +0000

I want to point out that Neo completely misses the problem with the FDIC level. The problem is that we are having an invisible run on the banks. For example, WaMu lost over $16 billion in deposits in the ten days before going under. The deposits they lost were the electronic transfer of large deposits fleeing to the safety f Treasuries.

No bank can stand that kind of outflow. The FDIC insurance needs to be raised into the millions if we want to keep our banks afloat. Otherwise, you will continue to see bank failures.

Rick

By: Neo

Neo — Tue, 30 Sep 2008 12:13:00 +0000

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.

By: tarpon

tarpon — Tue, 30 Sep 2008 12:06:29 +0000

First, the people don’t want the turd sandwich, made passage a gamble for the members. Then the partisan setup became obvious to one and all, thanks to dumb Nancy.

What followed next, the parade goers had to lower the “Wellstone” basket, Obama had to get out and walk home. Then they voted the turd sandwiche down.

I thought the sequencing was all out of whack, but that seems to be how the current crop of Democrat leaders work these days. They take the celebration photos then try and get the votes — Really weird these Democrats are.

Why not use the free market solutions, there are enough votes for that, according to House sources.