SpinnerMan wrote:So why did the majority of the Democrats buy into the Bush scaremongering again? Will they never learn.
If you noticed, a majority of the Republicans said it's not that bad and voted against the bill. Remember, I just got criticized for that.
The issue before Congress was that we needed to add liquidity to the financial markets and we need to do it quickly. Then the Democrats went of onto a bunch of tangents about golden parachutes, helping bankrupt homeowners, etc.
Do we need to add liquidity to the financial markets or not?
I do not know. It seems that we do.
Do we need to do it quickly?
I do not know. Again, it seems that way.
Was the Paulson plan a good plan or the only plan?
It seemed reasonable, but there are many ways to skin a cat. However, it was focussed on a single issue that may be an emergency based on the number of banks that are going belly up.
Do we have to rush through anything else?
Absolutely not. Why would it be a hurry? If all this stuff is a good idea, then it can stand on its own merits after the election.
So who is the Republican Party Leader, or is it every man for himself.
I have posted that I have problems with the bail out, but to listen to Bush, it has to be done right now. The loss of a trillion dollars in one day on the market was not too comforting.
But let there be no doubt that despite your false statements spinner, the Republicans are the ones who stalled the bill. Please reread your posts accusing the Dems of stalling the bill.
As you may like to forget Spinner, you posted the statement below on September 22 in response to Bush/Paulson presenting a 3 page
bail out proposal asking for 700 billion US taxpayer dollars with virtually no strings and controls,
"No one will ever help you with your ignorance. Go do the research, there are a lot of strings attached. We will probably lose money on the deal, but we could actually make a profit. I'm sure you didn't realize that.
How much is it worth to stabilize the financial markets? It seems to have done that or at least settled them down."
Democrat Kucinich from Ohio has an idea that I think has great merit. Place a quarter percent tax on each stock transaction so the Wall Street bails out Wall Street. We are talking a very large amount of dollars.