Friday, September 26, 2008

Just walk away Renee!

And you too, Nancy and Harry. But you won't. You'll stick it out with Prezident Dimwit and pass a massive bailout plan over the howls of the House Republicans. Minnesota's very own contribution to delusional politics had a piece condemning the bailout in the Strib today.

The Senate Republicans, on the other hand, who could actually block a bailout, as they have done with so much other legislation this session, have been uncharacteristically quiet. But here's the House Minority leader in the NYT today:

House Republicans leaders said they were only trying to protect taxpayers. “We will not agree to a bill that sell taxpayers’ out to bail out Wall Street,” the House Republican leader, John A. Boehner of Ohio, said. Fielding questions in a Capitol corridor, the Congressman told the reporters he would not negotiate in front of them because “last time I checked, you didn’t have a vote.”

But here's good ol' helpful Harry, in the same article:

A short time [after Bush spoke on the same subject], the Senate majority leader, Harry Reid of Nevada, made similar assurances. “We’re going to get this done and stay in session as long as it takes to get it done,” Mr. Reid said.

Well here's what's going to happen: a bailout will pass with the acquiescence of the Senate Republicans - the Republicans want the bailout, after all - and over the objection of the House Republican minority.

And then, Nancy and Harry, on the stump the Republicans will hang the whole unhappy affair around your necks. Come on, Democrats, step right over here and get your very own tire filled with gasoline to wear like a necklace.

The Democrats are talking about "oversight" and limits on executive compensation, but Spot has not read anywhere about at least getting meaningful financial regulation in exchange for putting their heads in a noose: a re-enactment of the Glass-Steagall Act, for example.

My God you people are easy to stampede.

A thump of the tail to Bruce for analysis and to the former Republican, John Cole, for the phrase Just walk away.

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