cowboy --
your old boss kills it:
posted by candycanesammy @ 11:16 AM
Thursday, September 25, 2008
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9 Comments:
good ol' marcy: toledo's finest.
this is intellectually dishonest. she and her party watched this go down.
the bailout plan is a fraud. nothing can help us now. things are going to get worse before they get better. we're fucked.
marcy's not exactly a "party insider" - she never attends caucus meetings, endorsed ross perot in 92, and was offered his vice presidential nomination before it was given to the admiral. she's nuts, but she's hardly to be singled out as culpable.
as far as intellectual dishonesty goes, you can apply that to every last member of congress, every last politician. but aside from passing regulations (which is impossible without a veto-proof majority) congress has no day-to-day control over executive affairs.
count me among those who disagree that "we're fucked," at least in the long term. if the right person gets elected, we can for a generation lay to rest the bogus idea that deregulation cures all problems. yeah, you have to break the omelet to get at the eggs or whateverthefuck, but i'm not buying the doomsday hypotheses just yet.
cowboy,
it wasn't my intention to single her out, per se. and listen, you worked with her, so you obviously get the benefit of the doubt when it comes to opining where her heart is. But...
it makes me sick when i see any politician these days railing against the banks, bernard or paulson. economists (and dare i saw a certain 3rd party presidential candidate) have been forewarning of this for at least a year. these assholes saw the warning signs, turned around, and stuck their head in the ground.
I agree 100% with your statement that the entire congress is intellectually dishonest. But i disagree that passing regulations is impossible. well, let me re-phrase that. It may be impossible to do now, but the democrats let it be that way. They don't deserve a veto-proof majority. For the last two years they controlled Congress and these pussies have never acted like it. Don't tell me something can't be done, when this party does nothing but tuck tail and run from a fight.
Why do i think we're fucked? Because rather than truly fix the situation, it is clear this is going to be just another situation where the first priority is making sure the Bush cronies get their money. How else do you explain a provision in the bill exempting the Secretary of the Treasury from any sort of oversight?
Bottom line: I'm pissed this happened, and with the rush job, right now, I'm scared everyone is missing the bigger picture.
i'm no apologists for democrats en masse and i've never been a fan of pelosi myself. i'm with you that they've been far too wimpy on issues of huge importance -- chiefly the war.
but i'm not sure banking/investing is one of those areas. i think you'll find that Ralph Nader was not the only one calling for regulation on the issue. People like Barney Frank, chair of the house financial services committee, and others who sat on the committee including my old boss Julia Carson, were also very vocal in warning of the dangers of deregulation in the banking & housing sectors, and have been for years and were often prolific in offering bills to reregulate these industries (that went nowhere for obvious reasons). in fact, the overarching policy goal of the current financial services leadership is very clearly to apply regulation to stop these things from happening.
you can't do anything with a simple majority in the House when you've got a president and a minority hell bent on deregulating.
Cowboy,
Go take a look at who has donated to Frank's 2008 campaign.
i'm surprised at how green you are, young ayatollah. that's what happens when you're chair of the financial services committee. and when you're chair of the transportation committee you get donations from the gravel and concrete people. and when you're chair of energy & commerce you get donations from oil companies.
as the representative from Indianapolis, julia carson got donations from Eli Lilly every election cycle. they brought cookies to our office once a month that were delicious, fluffy and warm. at christmas we got a giant gaudy basket with cheese logs and summer sausage in it; sausage that i lovingly mailed to meatcoat and his ladyfriend (known fats of processed meat, both) on at least one occasion.
she never voted their way once on any pharmaceutical issue. you can't run for office without taking bank from people who want your vote on shit. what's more important is his voting record.
and of course, by "fats" i mean "fans". ah, life.
I think it's interesting that I keep finding myself agreeing with Republicans on all of this. I nodded along with an interview with Newt Gingrich point for point the other day. It was seriously wierd.
I will also note that I am goddamn sick of watching a totally discredited president and administration crack the fucking whip on the fucking Dems I helped get elected. I would like them to show even the slightest hint of a spine, especially when the american people in huge majorities are behind them in not letting this get rammed down their throats.
The Republican house came back with a bill that actually makes some sense and doesn't make off with the taxpayer piggy bank.
If Obama had any sense at all, he would continue hammering home the fact that this is their fucking problem (as Pelosi, corrupt and often spinless though she is). They have to figure it out, they have to fix it, and they have to fucking own it too.
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