• Tips gratefully accepted here. Thanks!:

  • Recent Comments

    William on What do you call this any…
    jmac on What do you call this any…
    Ivory Bill Woodpecke… on What do you call this any…
    Ivory Bill Woodpecke… on What do you call this any…
    Ivory Bill Woodpecke… on Perspective.
    Ivory Bill Woodpecke… on Perspective.
    Ivory Bill Woodpecke… on Perspective.
    Ivory Bill Woodpecke… on Perspective.
    thewizardofroz on Perspective.
    riverdaughter on Perspective.
    James Bowater on Perspective.
    Ivory Bill Woodpecke… on In spite of it all…
    Ivory Bill Woodpecke… on In spite of it all…
    Ivory Bill Woodpecke… on Happy Thanksgiving!
    Ivory Bill Woodpecke… on Happy Thanksgiving!
  • Categories


  • Tags

    abortion Add new tag Afghanistan Al Franken Anglachel Atrios bankers Barack Obama Bernie Sanders big pharma Bill Clinton cocktails Conflucians Say Dailykos Democratic Party Democrats Digby DNC Donald Trump Donna Brazile Economy Elizabeth Warren feminism Florida Fox News General Glenn Beck Glenn Greenwald Goldman Sachs health care Health Care Reform Hillary Clinton Howard Dean John Edwards John McCain Jon Corzine Karl Rove Matt Taibbi Media medicare Michelle Obama Michigan misogyny Mitt Romney Morning Edition Morning News Links Nancy Pelosi New Jersey news NO WE WON'T Obama Obamacare OccupyWallStreet occupy wall street Open thread Paul Krugman Politics Presidential Election 2008 PUMA racism Republicans research Sarah Palin sexism Single Payer snark Social Security Supreme Court Terry Gross Texas Tim Geithner unemployment Wall Street WikiLeaks women
  • Archives

  • History

    November 2020
    S M T W T F S
    1234567
    891011121314
    15161718192021
    22232425262728
    2930  
  • RSS Paul Krugman: Conscience of a Liberal

  • The Confluence

    The Confluence

  • RSS Suburban Guerrilla

    • Deep state
      House Democrats seek list of Trump appointees "burrowing in" to Biden administration https://t.co/9haPZkgBQv pic.twitter.com/0cu4tvAyRf — The Hill (@thehill) November 26, 2020
  • RSS Ian Welsh

    • The Path Of The Great Prophets
      A religion is an ideology with supernatural elements. We consider it OK to criticize Marxists or capitalists or libertarians or monarchists, but we tend to shy  away from saying that a religion has bad elements. The Hindu caste system is evil. It needs to end, and it needs to end today. If The Laws of […]
  • Top Posts

House Bailout Does Not Pass GO

To My Reps in Congress:

I do not support the current bailout package for several reasons: 1)
hundreds of economists who reject it are not being listened to; 2) no
judicial review; 3) doesn’t help main street or homeowners; 4) doesn’t put
in place adequate oversight; 5) doesn’t provide jobs to the American
people; 6) doesn’t cut Wall St. compensation packages to greedy CEOs.

I’m not against a bailout, just this one. Is there no other plan? This fear-laden,
panicked rush to save our country is too reminiscent of how we got into
the Iraq war.

Where were Barney Frank et al when everything was melting down over the
last 7 years? Why were the largest Wall St. contributions taken by Dodd,
Obama, and Kerry? Why didn’t Congress heed Bush’s warnings to curb Wall
St. excesses and failings for years?

I’m a lifelong Democrat and ashamed of my Party, especially Pelosi, Reid,
Frank, Dodd, Obama. To blame it all on Bush is a joke. Where were the Dems
who promised to turn things around? Why didn’t Pelosi and all stop the
war, which is how they won in 2006? She’s now pontificating against the
Repubs, and her hypocrisy makes me ill. Where was she? Where was the fight
of the Dems till now?

That’s what I wrote. Did you call or write?

Foreclosures are not considered.

Party                      Yea     Nay      NV

Democratic            140      95

Republican               65    133        1

Totals                      205   228         1

Financial Markets Bill (according to my notes from C-SPAN-TV screen — I didn’t get complete full sentences on every one — I am unable to get into their website right now, it’s jammed.)

  • $700 Billion Intervention plan; a simple majority is needed.
  • Government to purchase up to $700B to buy troubled mortgage.
  • Participating companies must give the government a share in profits.
  • Treasury department must set limits on executive compensation in participating companies.
  • Treasury department must develop plan to encourage mortgage lenders to refinance homes before foreclosure.
  • Creates oversight board to review the plan’s effectiveness.
  • Authorizes insurance program.

Above is Hannity’s September 28, 2008 report. The Dems have their hand way in this, and people aren’t buying it.

An illustrated view of how we got here, h/t to V.

Congress: How about hearing from a panel of esteemed and educated economists, instead of your “leaders” trying to figure it out behind closed doors? Don’t you think they might be able to come up with a better plan? Kucinich didn’t buy it, neither did Ron Paul. Recorded vote is coming up. Here’s the tally.

Now, members are asking what would happen if they were to change their vote, and how long they have to do so. Stay tuned. There seems to be lots of yelling.

How about creating jobs? What about small business owners? What about other businesses and companies? Who bails them out? Get back to work, Congress. Revise. Make the bill better.

If this particular solution passes, will we all own Wall Street and everyone’s home? Welcome to The Commune, folks.