Should Democrats cede to the Bush administration’s demand to pass the bailout bill ?
with no provisions for homeowners and without the limits on executive compensation that the Democrats want?
Bush and Paulson are stating that because the legislation is needed quickly and the situation is urgent, there is no time for such provisions. Paulson is saying that the legislation must be “clean and quick.” What do you think the Democrats should do in this pressured situation?
http://news.yahoo.com/s/ap/20080921/ap_on_bi_ge/fi...
http://www.washingtonpost.com/wp-dyn/content/artic...
Update:The legislation has not been passed yet. We will hear about it when it is.
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No, they shouldn't. It's a Ponzi scheme to steal money from the American taxpayers just like the S&L bailouts. Bushie couldn't get his hands on Social Security to give to his Wall Street friends, this is the next best thing. Daddy did the same thing when he was president, and brother Neil walked away with millions.
Where was the pressure for quick action when people were drowning or clinging to the tops of their roofs in New Orleans? Bush was with McCain singing country songs and eating birthday cake. Why is there such a rush when it is money, not people's lives?
Democrats - SLOW DOWN AND READ THE FINE PRINT!!
Con artists always try to create a false sense of urgency when they try to scam you into signing a bad deal.
interior the homestead, "no" votes got here from the two the Democratic and Republican factors of the aisle. extra effective than 2-thirds of Republicans and forty % of Democrats destructive the bill. quite a few Democrats in close election fights waited until the final 2d, then went against the bill because it grew to grow to be sparkling the final public of Republicans have been opposing it. 13 of the nineteen maximum vulnerable Republicans and Democrats in an linked Press diagnosis voted against the bill regardless of the pleas from President Bush and their celebration leaders to bypass it. In all, sixty 5 Republicans joined a hundred and forty Democrats in balloting "specific," whilst 133 Republicans and ninety 5 Democrats voted "no."
ABSOLUTELY NOT-- Bush is trying to make this into the "patriot act" scenario where "we don't have time to discuss it" (we need to get my "fat cat" Wall Street buddies "all for capitalism when times are good--all for socialism when times are bad" out of trouble) -- Hopefully someone (actually I think it will come for the true conservatives (not the democrats) who pull in the reins on this one. Odd how it seem we have become more of a socialistic society under the last eight years of Republican governance-- maybe 4 more years and we all will be communists??????
It isn't just the Dems fighting it. Generally the Dems want to add more price (individual loan bailouts) and the conservative republicans think the bailout shouldn't exist, since it transfers business risk from wall street to main street which got no benefit from the investments.
It is definitely tough, I just want them to regulate every cent of this 700 billion dollars, and make sure it ultimately helps the people and not CEO's and shareholders.
Dems should study the plan and possibly make minor changes but move quickly and enable its passage.
Pelosi, Obama and Biden have all said they support it.
The bill is going to be passed and the Democrats have signed on eagerly.
The Democrats under Pelosi want to buy time so they can add irrelevent riders to the bill.
Why would they start standing up to President Bush NOW? Question makes no sense.
The Dems should do what they always do, give in