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Rearranging the Deck Chairs?

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rjm:
Another interesting analysis http://www.theoildrum.com/node/4578 ...

KingSparta:

--- Quote ---nobody seems to mind that health care
--- End quote ---

What Health Care?

Medicare?

JimH:
After the House voted NOT to support the $700 bailout today, Rep. Barney Frank of Massachusetts, a Democrat, had a few choice words for the partisanship.


--- Quote ---As House Democrats and Republicans blame each other for the Wall Street bailout bill going down in flames, Representative Barney Frank of Massachusetts mocked the GOP leadership for saying that it lost some votes because of a partisan floor speech by House Speaker Nancy Pelosi.

Frank, one of the major architects of the bailout package, said he was "appalled" that members of Congress would put "hurt feelings" ahead of the good of the country.

"Frankly, that's an accusation against my Republican colleagues I would never have thought of making," Frank said.

"Here's the story: There's a terrible crisis affecting the American economy. We have come together on a bill to alleviate the crisis. And because somebody hurt their feelings they decide to punish the country. I mean, I would not have imputed that degree of pettiness and hypersensitivity....But think about this: Somebody hurt my feelings so I will punish the country. I mean, that's hardly plausible. And there are 12 Republican members who were ready to stand up for the economic interests of America but not if anybody insulted them.

"I think they are covering up the embarrassment of not having the votes," Frank said increduously at a Democratic news conference.

Among Democrats, 140 voted yes and 95 no. Among Republicans, 65 voted yes and 133 voted no. In the Massachusetts delegation, Democrats John Tierney, Stephen Lynch, and William Delahunt voted no.

Frank remarked on the numerical "coincidence" that the number of "deeply offended Republicans" who voted no equalled exactly the number needed to reach the 218 votes in favor to pass the bill.

"I'll make an offer," he added. "Give me those 12 people's names and I will go talk uncharacteristically nicely to them and tell them what wonderful people they are and maybe they'll now think about the country."

--- End quote ---


From The Boston Globe.

glynor:
Video here: http://www.youtube.com/watch?v=vs0qkOgMabg

I almost shot beer through my nose as I watched that.

jgreen:
it's easy enough to shout "partisanship" when it's the other guy doing it.  But substantial blocks in both parties did not vote for this garbage, thank Dog. 

My hope is that the bickering continues and wall street continues to fluctuate but nobody does anything of any substance, just like when Bill Clinton shut the government down twice and nobody noticed.  I think the only true risk to the economy is handing a blank check for $700 billion to the same crisis team/goofballs that one month ago said the economy was just fine.

Although this mess was caused by Greenspan's easy money mortgages, Bernanke is a Village Idiot, barely fit to function as Paulson's deputy, much less an independent central banker.

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