ksmith: (shirley)
ksmith ([personal profile] ksmith) wrote2008-09-21 06:04 pm

Swiped from dkos

From Matt Stoller's blog:

This email is from an anonymous lawmaker and it should give you a flavor for what's going on right now in Congress.

"Paulsen and congressional Republicans, or the few that will actually vote for this (most will be unwilling to take responsibility for the consequences of their policies), have said that there can't be any "add ons," or addition provisions. Fuck that. I don't really want to trigger a world wide depression (that's not hyperbole, that's a distinct possibility), but I'm not voting for a blank check for $700 billion for those mother fuckers."

Me again--I hope those opposed to this bailout package stick to their guns. I've sent emails to both my senators. My Rep is a Blue Dog, so I'm not sure what good contacting her will do, but I will probably give it a go.

What do we want? Oversight! When do we want it? Now!

[identity profile] michaeldthomas.livejournal.com 2008-09-22 12:37 am (UTC)(link)
Oversight stifles innovation. Surely the markets will correct themselves...

And the band played on...glug...glug...glug...

Seriously, how bad does it need to get before the SOBs stop screwing around?



[identity profile] kristine-smith.livejournal.com 2008-09-22 01:05 am (UTC)(link)
No industry can be trusted to regulate itself. Especially when profit and bonuses are involved.

But no one seems to understand that...

[identity profile] dancinghorse.livejournal.com 2008-09-22 02:50 am (UTC)(link)
Disaster capitalism.

They're looting the Treasury before they all runlikehell for sanctuaries where they've stashed their money, and frpm which they can't be deported. Just in case, you know, all the amnesties and pardons and get out of jail free cards get rescinded.

My rep is a Blue Dog, too. She is also up for reelection against a very popular education-friendly Republican. I reminded her that Blue Dogs are allegedly fiscal conservatives, and this is profoundly opposed to her alleged views.

[identity profile] kristine-smith.livejournal.com 2008-09-22 03:22 am (UTC)(link)
Their sense of entitlement is extreme. They deserve those millions, dammit.

My Blue Dog reps a heavily Republican district, so she's pretty much a DINO. Which is irritating because I happily voted for her until she revealed her true colors--I should've realized what her plans were when her campaign lit made no mention of her party. When I asked the worker who gave me the info whether she was a Dem, the woman said she was running more as an independent.

I understand that a true Dem wouldn't win in this district, but which is worse, a paper Dem who sides with the administration on important issues, or a Republican? At least with a Repub, you know what's going on.
mithriltabby: Adam Smith with caption “Invisible Hand” (Economics)

[personal profile] mithriltabby 2008-09-22 02:33 pm (UTC)(link)
There were some good alternatives to a $700G blank check mentioned on [livejournal.com profile] eklein last night, so I called up my representatives this morning and asked them to oppose the blank check and instead either loan money to the companies that need to be more liquid, or force them to sell shares (to the government, if no one else is buying) so they’re better capitalised. That keeps them solvent enough to operate and leaves them stuck with their bad debts.


And Bill Moyers’ interview with Kevin Phillips was well worth watching.