4PM Update Today:::
So any minute McCain and Obama arrive at the White House to meet with President Bush, I do worry that McCain will pull more Shenigans, we know that he likes to Shoot Craps, but The Bailout is not a Crap Shoot. McCain can shoot craps with his Own Campaign, but the Bailout should not be used for a Political Theatrical Stunt.McCain has not even called Chris Dodd or come to DC once since April to speak or work with ANYONE on this Huge Financial Mess. He is NOT on the Banking Committee or any Committee that is working on the Bailout. Dodd has 32 Page Revised Plan that is being updated and worked on, and negogiated with Both Sides. I hope that McCain is not coming to DC to pull more Theatrics....But I have my suspicions.
Meanwhile Boehner did issue a Statement today that the Conservative Caucus is not in agreement with the Bailout or the Revisions....Is this another Stunt ? or just a Tantrum ? Time will tell...
Meanwhile....there are blogs wondering if McCain is ill ? or what is WRONG with him.People asking is HE ill ? It is a good question. Or is it like HL Mencken said "Every man is his own Hell".
About the Debate Tomorrow Night, there were Press Conferences today saying that the Debate remains Scheduled. So I wonder if McCain is still planning to not attend, then WHO will fill that Empty Chair ? There are other People that Could Fill that Chair, Ron Paul ? Bob Barr ( he has offered supposedly), Even Palin ? WHO....
Some More to Read and Ponder:::
(1) Chinese Banks have been ordered to stop All Lending to American Banks...
(2) The Draft of the Bailout as of Last Night at 10 PM.
(3) Asian Bank Run and more details.. I do wonder if Bush's speech made Asian Banks nervous ? scared ? Was this their response ?
WHO WILL SIT IN THE OTHER CHAIR AT THE DEBATE TOMORROW NIGHT ??? TIME WILL TELL.....
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"Every decent man is ashamed of the government he lives under." HL Mencken said many years ago....I wonder if he meant Repugs ? or Hoover Lovers ?
If you scroll down, I have the Whole Dave Letterman McCain Debacle, The Horrible Palin Debacles of yesterday.....and plenty more on the Bailout and the Rick Davis Freddie Story, Jack Cafferty on the Debate Pullout, and even Wanda Sykes on Jay Leno talking about Palin and more....
Have a good Night.....
14 comments:
4:15 PM ...
on MSNBC we got to see a snippet of the WH Meeting...and McInsane was sitting there grinning like a crazy man...really strange...I really think his mind is slipping...he looked like a kid that got an invite to a Birthday Party.....omg..
These are serious times and he is grinning like the Village Idiot....scary.
It's getting harder and harder for people to stay stupid, isn't it?
As Stephen King said, "An asshole is a guy who doesn't believe what he's seeing." And from what we're seeing, McCain couldn't be a store manager at Burger King, let alone the President of the United States.
Whoever still believes McCain's "maverick" bullshit are the same gullible idiots I want to play poker with. Easy money, man, easy money.
Look, let's see if I can figure this out. The Big Lie the Republicans are selling us about their candidate-by-default is how John McCain, a rich old nasty white guy who throughout his political career has bent over for any lobbyist that will give him money is a regular guy you can have a beer with. What's worse, they trust him to be the designated driver responsible for getting your drunken ass home.
But Obama is maligned as an "uppity elitist" who can't be trusted.
Suuuure. Makes sense to me. Wanna play Texas Hold 'em?
Well, DrScott....
if we were to play some poker with McCain we would win for sure...( he supposedly love to shoot craps- yup- that is the truth...)...
Everything you said is true...every last damn word..
and now his campaign is on the Road to Nowhere with the Moose Princess by his side...
I didn't know the Chinese government had ordered their banks to stop lending to the USA.
This goes directly to a conversation we had at home today: Where is the USA going to go to raise $700 billion dollars?
The wealthy European Union has already told the USA to take a hike, you're on your own. Japan is in a recession. Brazil and Argentina don't have that size of money to lend.
Will the Congress raise taxes on you and me? Will we sell off assets like banks, corporations and airports to foreign nations?
It's a mystery and I don't hear the media ask the question and I don't hear the politicians like Rep. Barney Frank explain it either.
I say let Wall Street fail. We shouldn't be bailing out Wall Street criminals while you and me have to pay our Visas and Mastercards and car payments each month.
Enough of protecting the elites.
Chris::
Sadly this is not just about the Elites or wallstreet....there are Retirement Pensions at risk..Millons ...and Homes...More than we know..( I have some GAO reports that I have been unwilling to post- they are devastating...)
Too Many got caught in this web- even businesses and farms will all feel the effects....the Mess got tooo big....it was mushrooming this whole time...
I think either way we will have a Depression...because this statergery has been set forth too late..and after years of Failure...
IS it too late- is the bailout going to make difference ? is this a good plan ? Did Bush scare the crap out of the asian banks- yes- and that did not help...
I don't want ANY of this rushed....it is more important that we do it right- than do it Wrong and spin this disaster into a worse debacle..
I also don't want to see a HUGE Fall- and Crash- one that would enable Bush and the repugs to declare Martial law......
I am hoping that Dodd and his plan gets worked on.. and put forth....it is 32 pages different than the 3 page joke that Paulson brought forth..
truthfully I don't know enough...but I know 700 Billion- 32,000 per person is absurd..that is more than I make in a year....
regardless we are in for a very very long haul...
this is our "30's" ......just none of us ever had a "roaring 20's" ....
sorry chris....not a good day ...
Enigma wrote: "( I have some GAO reports that I have been unwilling to post- they are devastating...)"
Would you be willing at some point to share a little more on the GAO reports? You've scared me but, I'd rather know and be scared to death than not know and be completely blindsided later on.
Take care,
Hairball
I don't believe Bush.
I don't believe Cheney.
I don't believe Pelosi.
I don't believe Reid.
I don't believe Schumer.
I don't believe Frank.
I don't believe McCain.
We were told back in 2002 that we had to act "NOW" against Iraq or risk a nuclear mushroom cloud detonating over Los Angeles or Chicago or Atlanta.
Well, we acted alright and we got it wrong. He lied.
Today we have the same Republican president with deep ties to Wall Street drawling that the "end is near."
I just find it curious that conservative Republicans don't believe Bush and they think saddling the American taxpayer with another $1 trillion in debt (amount after the principal and interest is repaid) is a piss-poor idea.
The roof isn't going to cave in if we don't act yesterday. There are other ways to address the problems on Wall Street than sticking us with a another $1 trillion dollars in debt.
Chris::
I am not sure how I feel about it....to real honest- no I don't support Paulson's little 3 page piece of shit plan...and the Dodd 32 Plan is different- requires oversight, protects real people, and homes etc...and also pays out in installments and also would take power away from Paulson...would put Economic Supervisors in place....but 700 Billion handout- you gotta be kiddin????no way..
It is a bigger problem...than most of us can understand- and sadly it has global implications- once our market is causing bank runs in other countries we need to take action ( Korea, HongKong, Singapore,Japan)....what kind and how much...that is for someone else to figure out....
And the roof may not fall in today- but next week or this month- yes....that is the reality of it...
BUT there are ways that have not been examined- ie.Taking money from the Military Enterprize Companies and also Oil Companies - Tax their profits- IE. 5 % per quarter on their Profits, and also LIMIT how much bailout the Biggies get- and NO Packages for the BIG cheeses, and the FBI Investigations MUST be made public....
also the FDIC issues must be made public- HOW sound is it - 90-120 Banks are still due to fail within the next 10 monthes- and there has to be MONEY for that- because that is us- the little people....
etc etc...
Hairball:::
I just had it forwarded to me two nights ago- I am still trying to read it- I will post all of it on Friday- by Friday Night - I was looking for Some Analysis of it and also some more information- I try to never just throw something up and dump it you all ....
More Food For thought:::
Paulson did his graduate dissertation on the Depression...I guess he did not study the Repair....or that he even studied it enough....
22 Monthes away from Goldman- he should not be the one to decide what they get...there should be Somebody else deciding WHO and HOW companies get any Bailout...
okay I am done grumbling....
Enigma,
I think that's a splendid idea.
I posted here before and other places that Big Oil must be forced to reinvest their obscene profits in rebuilding the destruction caused by Katrina or risk an excess profit tax.
These companies enjoyed a relax business climate where they received tax breaks and lax oversight and no regulation, so they should be forced to pay back into a fund to rescue the very financial system that made them wealthier than Bill Gates.
OMG...
now watching the News we learn that McShit floated HIS own Damn Plan:
with Corporate Tax Breaks..
and
LESS regulations...
What a fuckhead...UNREAL...so I was right he had a Dirty fucking plan to throw another wrench in the works...when Everyone was working all week on a solution and he brings this Surprise Gift.....
shit...
He'll do anything to try and steal Obama's thunder.
I expect the Old Coot would throw his daughter under a bus if he thought it would win him votes.
or his mother..or cindy...( I would still like the truth about her arm injury..)
but yes, Chris you are right....
unreal..
he is a narcisstic wonder...
this is Dodd's Plan- the link:
http://publicmarkup.org/bill/dodds-legislative-proposal-treasury-department-aut/,
I will add after Blogger is done maintenance...
I thought I put with the post...but this is a better link.
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