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Wakum Mata!
Politcally Incorrect Musings
Unbelieva-BULL 
18th-Sep-2008 07:05 am
Muhommad Caraciture
AIG bailout upsets Republican lawmakers

* Story Highlights
* Senate Banking Committee member: AIG "put greed ahead of responsibility"
* House GOP aide: Top Bush economic adviser to brief House Republicans
* House Speaker Pelosi: Bailout shows President Bush is "failed manager"
* Sen. Reid: No immediate law changes, because "no one knows what to do"

From Ted Barrett, Deirdre Walsh and Brianna Keilar
CNN

WASHINGTON (CNN) -- Key Republicans on Capitol Hill blasted the Treasury Department and the Federal Reserve on Wednesday for orchestrating an $85 billion bailout of insurance giant American International Group, and the White House for not informing them of the plan. [...]

"The most recent bailout initiated by the Bush administration -- that of AIG -- is just another example that George Bush is a failed manager," said House Speaker Nancy Pelosi, D-California. "Because of the inattention, or a decision on their part to have crony capitalism in our country, Americans across the country are feeling the pain of this."[...]

---

Emphasis mine.




Pelosi is a lying sack of dung.

Let us look back to 2003, shall we? President Bush tried to make reforms that would have stopped Fannie and Freddie from failing.

---

New York Times
September 11, 2003
New Agency Proposed to Oversee Freddie Mac and Fannie Mae
By STEPHEN LABATON

The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago. [...]

''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.''

Representative Melvin L. Watt, Democrat of North Carolina, agreed.

''I don't see much other than a shell game going on here, moving something from one agency to another and in the process weakening the bargaining power of poorer families and their ability to get affordable housing,'' Mr. Watt said.

---


That's right. The Democrats blocked it.

AIG? It might not have happened if it wasn't for the rampant corruption at the top deemed permissible by the Democrats.

So now Pelosi et al want to do more show trials.

She criticizes the AIG bailout while at the same time wants to pour money into the failed US auto industry starting with GM.

When is The Government going to STOP interfering with the economy and let the natural business cycle clear the chaff? Things can ONLY be made worse by propping up failed business models.


Comments 
18th-Sep-2008 03:02 pm (UTC)
Feel free to compare Pelosi to Fran Drescher. I don't care for her either... she's sold out to a lot of Republican special interests.
18th-Sep-2008 03:21 pm (UTC)
remember one thing, i know you have a disdain for the democrats and that is both fair and your perogative, however, the purpose of democracy (of which we are not i might add, we are a representative republic) is coalition building, or put plainly compromise finding, if one party (and i dont care which) gets its way (and the right wins alot more then the left, at least in the last eight years) then at least half of america is left out and forced to comply with the wishes of others. Now we have become a dictatorship led by a mass party rather then one man. the problems we face are not caused by "corrupt liberals" and i feel it insults the problem to blame one side

The problems we face sir are caused by the stunning incompetence of the entire political machine, the avaraice, corruption, arrogance, and pride of politicians of every stripe, repulican democrat, evangelical or communist, it is time that we as a nation stop this childish "they suck dont do ANYTHING they say even if it makes sense" cycle we are in and start over, let the conservatives be conservative, the liberals be liberal and just find the compromise, it would get things done and guarantee the greater happiness for the mass, rather then perfect happyness for a few, that is what this nation is about, anything less and we fail
18th-Sep-2008 04:31 pm (UTC)
"There are scandals that need to be addressed. Republicans address them, Democrats re-elect them."

--Tom DeLay
18th-Sep-2008 06:21 pm (UTC)
and Delay is a republican, cant count on him to call that turd a turd now can we?


Both sides contributed, both sides are responsible, as are we, for we put em there.......and empowered them

it is arrogant to assume that one side is to blame while the other is faultless, partisanship caused this mess, as both sides only look out for thier interests, not the best interests of the constituency they claim to represent, and for the record, i put this at the feet of both parties, not one, i am an independent, i follow my conciense, not a party line
18th-Sep-2008 07:31 pm (UTC)
I love it when the fish are biting...

from Sourcewatch.org:

"DeLay is the former House Majority Leader, serving from 2002 until his resignation from the leadership in 2005 following his indictment on conspiracy charges."

What DeLay said is still true. Republicans dealt with their scandal, even changing the rules to ENSURE DeLay would have to resign. How many Democrats resigned as a result of their own ethical violations? William Jefferson is still a member of the House.

To your point, is any side clean? Obviously not. However, what amount of lack of ethics that is deemed permissible varies greatly between the parties. Democrats are far less likely to resign or even have some sort of punishment - in the media or punitive damages - dealt to them. That, as low as that surface is, puts the Republicans on a higher ground, ethically.

One of the problem with current politics is that it has become a career path. It should be seen as a civic duty. Serve your time and then get out. Instead we have an aristocracy that can only be entered if you are wealthy. Government service is no longer accessible to the common citizen. In part, we have both McCain (R) and Feingold (D) to thank for that. That law helped to ensure that the little guy has a barrier to entry.

But the fact that you are an Obama supporter (at least you were the last we spoke face-to-face), shows that you believe one party is better than the other. I explained to you my view on McCain (less than enthusiastic). It is a shame that Arizona does not allow independents to fully participate in the elections. Indies cannot choose their desired candidate in a primary, for example. We have closed primaries here. One may only vote for a member in their own party. What is one to do when both parties main candidates stink? Choose a party affiliation: Demmican or Republicrat? Which do you want to be?

Edited at 2008-09-18 07:33 pm (UTC)
19th-Sep-2008 05:39 am (UTC)
youre right last time we spoke i was a supporter of obama, but in the past couple of months i feel i have seen him for what he is, another crook, dyed in the wool bought and paid for crook... im against mcain because i feel he has lost touch with the way the world is, and will bring more of the arrogance and open violation of the constitution, same as the current regime, and i feel obama is probably going to do the same, just who he sells the leftovers too will be different, i personally liked ron paul, i didnt agree with everything he said, but i liked the fact that he said what he meant and meant what he said, and wasnt afraid to piss off the political machine to do what he felt was right, even if his ideas are a bit unconventional he had the respect for the constitution and the bill of rights i feel both of the other candidates lack.

Oh, and i have one thing to add to what you said about dems, chappaquidick, nuff sed... but my main concern is that there is no spirit of compromise in the political system as it is, niether side is willing to budge when they are proven wrong, and that is unfair to the people, it means nothing gets done and it all goes to hell, sometimes its better to get half of what you want then nothing at all
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