Friday, September 26, 2008

Another Collision

WE'VE MOVED! Democratic Convention Watch is now at http://www.DemocraticConventionWatch.com

Yesterday in Guns and Butter, I asked if there was a a problem that ONLY John McCain could solve, even if he didn't understand it.

Apologies, I had the question wrong. The question should have been: Can ONLY John McCain CAUSE a problem, even if he doesn't understand it? And the answer is a resounding yes.

WaMu collapsed late yesterday. This was not unexpected, they were high on the FDIC list of potential failure, and there is no way to directly blame John for that. However, the collapse of the bailout program, which potentially could prevent additional bank collapses, can be laid at his feet.

Yesterday, there appeared to be a deal. "Deals" are how legislation gets done. While elections hold interest for many people, the business of governing is often a mystery to many. But that process, too, is fascinating. The deal involved bi-partisan agreement on principle, with the best parts of the Paulson plan amended by consumer/taxpayer protections. There were still details to be worked out, but it would have been a done deal before the markets opened on Monday.

And then John met with a few renegade Republicans, before that photo-op meeting at the WaffleWhite House. They had a plan which involved LESS regulation, instead the government would insure the buying up by individuals of bad paper. Their proposal was typed on a piece of paper.

No one who wasn't there knows exactly what happened at the White House, but suffice it to say that the sides were further apart after it ended.

An emergency session was called. The Republicans sent over the typed piece of paper, and no one willing or able to negotiate.

Nancy Pelosi will not bring legislation to the floor without bipartisan support. The work done this week seems to be for naught.

HAD McShame rallied his troops, the deal would be done now. The GOP legislators had to choose between supporting Bush, or following McShame. They chose the latter, and he either couldn't or wouldn't lead. Even Paulson knew that the Republicans broke the deal.

The really sad part was that McShame bet on the American people being idiots, and it was a good bet.

If you haven't yet called your Rep and Senators -- today is the day to point out to them that they need to go with the Democratic plan and run screaming from the insanity of the McShame plan. As always www.house.gov and www.senate.gov.

Comments (14)

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CEOs demonstrating for MCain-House GOP bailout proposal:

<img src="http://helektron.com/wp-content/uploads/2008/09/huelga-promotores.jpg">

<a href="http://helektron.com/wp-content/uploads/2008/09/huelga-promotores.jpg " target="_blank">http://helektron.com/wp-content/uploads/2008/09/huelga-promotores.jpg
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2 replies · active less than 1 minute ago
Thank you, you made my day.....
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At your service, dear fellow :D
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Trust me, NOT a fellow....why do people assume doctors to be men? Still, loved the picture
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Sorry, I'm just a Spaniard not so skilled in English. I didn't assumed anything, just don't know if there's any female equivalent to "fellow".
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No problem -- I think it's great when people are bilingual. And, unlike John McShame, **I** know that Spain is in Europe and not Latin America!
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Really good to hear that. BTW, I want you all to know that the whole Europe is for Obama. We can't vote, but he's in our thoughts and, in the case of believers, prayers. I wish you good luck, we all deserve it!
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I want the names, and contact info, for ALL the House Republicans who submitted that alternate proposal.

I propose that we ALL call/write/email them to express our extreme disapproval. I'm pissed.
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1 reply · active less than 1 minute ago
Vicki -- You can get the phone number/email address for each office at www.house.com.

From what the CW says, there are only 1 - 4 GOP votes in the House FOR "the" proposal. There is no info on who supports the GOP proposal except it came from Boehner's office. Therefore, statistically, no matter who you call, you'll probably be right.
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oh, and if Dave Reichert, R-WA was one of them, I'm personally going over to Bellevue, WA to yell at him.
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DocJess - thinking it's www.house.GOV

house.com is apparently a real estate site

going to look ...
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2 replies · active less than 1 minute ago
Sh-t -- not only do I KNOW that, but I had put it in the post correctly, and just wasn't paying enough attention. SORRY --
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Whoops, Doc, links are now missing http's. I'd fix it if I could.
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Fixed -- thanks!
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