Tuesday, September 30, 2008

Bailout - Leadership Absent, Hypocrisy Abounds

Where was the leadership during yesterday's bailout debacle in the Congress?  It surely wasn't wasn't coming from either the Democrat or GOP camps.  Unfortunately, hypocrisy - the life's blood of Washington - seemed to be in ample supply on both sides of the aisle.  With claims that the world economy will collapse without action by the US Congress, it's been politics as usual - except the players are getting more air time.

It's the Democrats fault.  No, all of the blame lies with Republicans.  Let's blame it all on President Bush.  Your head will literally spin watching the players pass the buck.

While everyone spoke prior to yesterday's vote, if you were a Democrat you seemed to parrot the same speech:

We need to all come together because this is the nation's problem.  It's the world's problem.  And of course we all know that this is due to the failed economic policies of the Republicans.
Republicans used a similar tack; simply claiming that this debacle lays at the feet of Dems.

You'll seldom here me say this, but the truth is somewhere in the middle.  It is absolutely true that we can trace the root of SOME of these problems to the Clinton administration ... even the administration of Jimmy Carter.  It is equally true that too many Republicans approved of a system bereft of reasonable regulation and allowing institutions to merge to the point that they were too big too fail.

Leading up to yesterday's vote I actually thought that the GOP was actually showing some leadership.  While Democrats such as House Majority Leader Steny Hoyer attacked Republicans and their standard bear, John McCain, the GOP congressional leadership actually sounded like they were going to act like leaders.  Rather than snipe back, the rhetoric remained cool.

While my fellow conservatives organized a battle to defeat a federal bailout, the GOP leadership stuck to their guns and tried to explain the necessity of saddling us with even more debt.  While I understand the argument, I simply don't agree.

Yet, after House Speaker Nancy Pelosi stood in the well of the House and spewed bile at Bush and the GOP, not only did the rhetoric change - all semblance of intelligence left the room.  Upon completion of the vote, we heard from the House GOP leadership that the vote was lost because of Pelosi's speech.  House Minority Leader John Boehner seemed to be telling us that he had the votes to get the bailout through, but Pelosi hurt the feelings of twelve GOP House members.

Let's assume for a moment that what Boehner said is true.  I'm sure that we would all love to know who those members are.  If they would actually switch their vote - particularly on such a huge piece of legislation - because they were "pissed off" I can only hope that their constituents show them the door in November.

While I am no fan of either Boehner or House Whip Roy Blunt, I was seriously dismayed to see Rep. Eric Cantor (R-VA) join in this debate of the bizarre.  Cantor is considered a leader and a conservative.  He certainly wasn't showing it on TV yesterday.

Of course foolishness and hypocrisy weren't limited to the GOP after yesterday's vote.  After her disgraceful performance prior to the vote, Pelosi immediately laid all blame at the feet of the Republicans AND called for bi-partisanship - all in the same set of remarks.

While I firmly believe that a bailout is not the answer, it would be nice to actually see some leadership on the part of both parties.  I'm not holding my breath.

Should we worry?  Probably.  However if things were really as bad as portrayed, would we really continue seeing this sad version of politics as usual.

cross posted at Delmarva Dealings


Paul Clarke said...

I think it is the problem of the poor. They were goven loans that they were incapable of understanding and subsequently were shocked when they found they were unable to afford their mortgages.

We have two solution, stop letting poor people buy houses, or buy them for them. Given the magnitude of this bail-out, it would be cheaper to buy the poor houses.

warpmine said...

After viewing and hearing all the attacks made by the DemonRat party at the time when new oversight regulation was proposed by the GOP to correct bad accounting practices by Raines and Gorelick at Fannie Mae.


Throwing money at the problem isn't a conservative solution despite the pleas from our beloved compassionate Conservative President, GW Bush. We must know the causes before we can move forward and I demand this from Congress. We all knew what caused the intelligence failure of 9/11 we were forced to hear it again when the 9/11 commission stated the obvious. Well folks I want the same thing here, I want the Dems to squirm over their complacency of the failures of Fannie and Freddie.

I won't hold my breath.

AnotherWatcher said...

Pelosi's speech on the floor just before the vote was unbecoming of a Congresswoman. She SHOULD resign her leadership position. The Speakers job is to rally the vote to approve such important bills. Her HYPER Partisan diatribe was abominable and has no place in Congress at such a time. She needs to resign.

And then to hear the long time lover of a Fannie Mae executive, Barney Frank, blame Repubs for not voting YEA when 40% of his own party voted no also. He is a total failure and enabler of this crisis.

warpmine said...

Paul said:
I think it is the problem of the poor. They were given loans that they were incapable of understanding and subsequently were shocked when they found they were unable to afford their mortgages.

The bubble was created when a sudden high demand for house new and used developed when anybody could buy one with little or no money down. As with any free market, demand increased driving up the cost of those homes. Next up comes the high costs of energy forcing many new buyers to abandon their recent investment. When fuel for your car triples, heating fuel triples, electricity rates double,food prices go up 50% you have little left to pay your mortgage.

I lay it all upon the feet of liberals who wanted everything and anything but forced us all to pay through our noses to get it.
No need to go further though trolls are sure to follow my rant.

warpmine said...

Pelosi gave anyone in her party cover committee leaders, Blue Dog Democrats etc... and allowed them to vote it down to protect their jobs just so she could keep power after the election.
Seriously, was there any other outcome from a hack like Speaker Pelosi? She's going to save the planet, did you forget that?

AnotherWatcher said...


Facts, The Inconvenient Truth.

Ira Epstein said...

Pelosi was telling the truth. You people are picking on her simply because she is a woman-- a smart woman.

Duke hoops fan said...

The sheer contempt for our intelligence as exhibited by pelosi, hoyer, frank, reid and the rest of tyhe cabal tells the real story. They are convinced that we lack the intellect to see through their charade. All those "yeas" from yesterday had better reconsider their votes next time around. People have had enough of "business as usual" politics and there will be a lot of new faces in DC after the election.

Carter Winchester III said...

A vote for the Bailout, is a vote for Bush hysterics--Wmd's remember those--- We won't be fooled again.

Ask you representative to vote against Bush hysterics.

Mister D. said...

"Pelosi was telling the truth. You people are picking on her simply because she is a woman-- a smart woman."

Who's had one too many facelifts and one too many lobotomys.

Dominic Dwyer said...

As a lifelong republican I find it atrocious that men are slandering Pelosi. I am still man, and to talk about a woman like that is despicable.

A Life Well Lived said...


Consider the class of the commentator.

Easily dismissed.

A Life Well Lived said...

Poor, poor conservatives and fans of McCain and Bush.

Did they get their little feelings all hurt?

Why, bless their baby hearts.

Mister D. said...

"Consider the class of the commentator."

It's obviously a better class than you,One Life To Live.

almostalways said...

Being poor does not make you stupid, but greed does. A lot of people are losing their homes because they refinanced to an inflated value of their homes and are now stuck.

Pelosi is a political creature and did/said what she did for her OWN benefit, not ours. It is my thought that she didn't want it to pass SO she could blame the GOP.

Like it or not we are now operating in a credit based economy. One day, maybe now, it will come home to roost.

Personally, I want the government (O'Malley for instance) to get their hands out of my pocket.

Oh by the way, as far as WMD's are concerned, give anyone 18 UN resolutions and 9 months warning, you can hide or give away a lot of stuff.

Mister D. said...

Well said almostalways ,well said.

dominic dwyer said...

Again, do not attack Pelosi, she is a woman and deserves to be treated civilly .

AnotherWatcher said...

Dominic, Pelosi is a disgrace to her race and to her gender. Check out this story about her corruption.

"House Speaker Nancy Pelosi has directed nearly $100,000 from her political action committee to her husband's real estate and investment firm over the past decade, a practice of paying a spouse with political donations that she supported banning last year.

Financial Leasing Services Inc. (FLS), owned by Paul F. Pelosi, has received $99,000 in rent, utilities and accounting fees from the speaker's "PAC to the Future" over the PAC's nine-year history.

The payments have quadrupled since Mr. Pelosi took over as treasurer of his wife's committee in 2007, Federal Election Commission records show. FLS is on track to take in $48,000 in payments this year alone - eight times as much as it received annually from 2000 to 2005, when the committee was run by another treasurer. "

She is a corrupt leftist.

dominic dwyer said...
This comment has been removed by a blog administrator.
D. Dwyer said...

why did you remove that last post, did someone call Palin the irresponsible mother of a white trash slut ? if so I understand need for censorship.

Mister D. said...

Dumbanic Dwyer,you are a sad,sick individual.

D. Dwyer said...

You are so empathetic my friend, I am sad to the point of sickness that some people dare to base Sarah Palin's morality on her minor daughter's promiscuity and fornicating.

Daniel said...

d. dwyer:


Like, you never made a mistake when you were that age.

Assume much? And that, is the problem.

Anonymous said...

"if things were really as bad as portrayed, would we really continue seeing this sad version of politics as usual?"

Are you seriously suggesting that any of them are capable of anything more? Wake up! Welcome to the reality of our fine two party system. Until the american revolt it will be partisan politics as usual. The great experiment is over.

George said...

Just tired of all the news... Of course that's been the case since the first news report I ever remember. "Gorilla's attacked a school bus in Hanoi today killing 13 school children...."

Anonymous said...

I'm a liberal. I believe in my liberty and the hell with yours.

Doesn't that make me a Bush republican?

Cal Stuart said...


be bold take a chance and make a prediction of tomorrow's debate winner. I am playing it safe and predicting Biden will dominate and win.

anyone else wanna speak up and make a prediction. please.

Daniel said...

Biden? Win?

What, the helicopter race to the ground in a snow storm? When he said it was under enemy fire?

That Biden?


cal stuart said...

Ok then, One for Palin.

D. Dwyer said...


please take this opportunity to make your prediction as to who will win the debate before the debate. Don't wait to see what happens and then criticize. Step forward as real men do , engage your rational mind , and place your educated guess.

Once again, I believe Biden will dominate and win tonight.

victor 31 said...


Mister D. said...
This comment has been removed by the author.
Mister D. said...

Biden will probably ask Gwen "I Have A Book Coming Out On Obama" Ifill,who's currently in a wheelchair,to stand up and let everyone have a look at her.

Palin will win.

Jodie Basil said...

gee mister d, you are an echo head I see. The fact of the matter is that this evening moderate is black and white american needed to find a reason to be prejudice against her that would not stink of the racism that drives the right wings current slander against Ms. Ifill.

Why not admit it, you people are scared of blacks.

Mister D. said...
This comment has been removed by the author.
Mister D. said...

Jodie Basil,

What the fhuck are you talking about? Who brought up race? It appears to me that you are the first one to bring up race. I'm an echo head? You're a marxist troll.

Mister D. said...

Drink some more of that delicious kool-aid and sing the new Obama/Mao children songs as you march in lockstep for your leader.