GOP did something right and F the Dems....

[RadioRaheem84]

Seriously. Just forget the Democrats. They're officially pond scum. Nothing but New Democrat Clintonian scum, in bed with Wall Street moguls like Robert Rubin and Lawrence Summers.

95 Dems vs. 133 voted against it! While a huge majority of Republicans voted AGAINST IT.

Now the news is trying to spin it in Obamas favor, by saying that he really didn't want it to go through because he didn't push for it enough. BULL.

(Although, I have to say, I think that the majority of the public is right wing or atleast Alex Jones/Ron Paul right wing, distrustful of government. I say this because it was them that were really against it along with the true progressives. It showed in the house votes.)

[Guerrilla22]

They only voted against it because they are affraid of the backlash from the public during an election year, not because it was the right thing to do and just because this vote failed doesn't mean some kind of bailout agreement won't be reached.

[RadioRaheem84]

You're right, but atleast the GOP listened to their constiuents. What the heck were the Dems doing? Unless their base is made up of goose-stepping yuppies. What gives?

[Wanted Man]

Of course, this was just the right time for the GOP to put on their 'libertarian' masks.

[RadioRaheem84]

Why the hell is the media asking, "who is to blame for this"? The PEOPLE didn't want this.

[Lenin's Law]

Glad you're catching on to that about the media spin. CNN, Fox, all of them have had near-unanimous praise of the bailout with not even token coverage of anyone who is strongly opposed to it despite admitting that there is widespread opposition to it among the public. Reveals the truly undemocratic nature of the corporate media.

As others have said, the Republicans who voted against it did so for their ultra right wing "liberatarian" values that regards any government interference as "socialism" and yes, fears about their re-election bids were a factor as well.

I believe some bailout deal will get done eventually though, the Wall Street backers still call the shots and fund the campaigns and they sent a message today.

[RadioRaheem84]

It seems like economic blackmail to me. The New outlets are in upheaval about this, claiming anyone who didn't go along with this bailout was an idiot and blaming everything on the GOP. It's looking more and more everday that Wall Street is actually fighting Main Street and its using its stooges in DC and the news room as their propaganda tools.

[GPDP]

It's all in the class interests, my friend.

[Die Neue Zeit]

That's why the Democrats shouldn't be trusted. The neocons have hopped onto the Democratic bandwagon (because the world sees the Dems as "enlightened," as Kosovo demonstrated), and the Republicans will indeed suffer a House and Senate disaster for pretending to be "principled."

[Comrade B]

95 Dems vs. 133 voted against it! While a huge majority of Republicans voted AGAINST IT.

This was in the house, which was very different from senate and the executive branch. Nearly all senate republicans supported the bail out as did the president. Republicans are still scummier.
Also, the only reason they voted against the bill was because they value a completely uncontrolled economy too much to allow any government involvement.

They will find something new and evil, don't worry.

[BraneMatter]

They only voted against it because they are affraid of the backlash from the public during an election year, not because it was the right thing to do and just because this vote failed doesn't mean some kind of bailout agreement won't be reached.


Exactly right.

Plus, the Republicans are against the intervention mainly because they fear it will lead to more regulation, not because they really give a crap about "main street."

But all this goes even deeper. The U.S. working class has often acted more like a labor aristocracy or protected guild in terms of how it has attempted to position itself historically, so, in fact, they have gotten the government ruled by Republicans and Democrats that they keep voting back into office, time and time again. Dennis Kucinich, at least a progressive, was offered as a choice, but he was ridiculed and ignored by the media and working class. (I mean, no one else was asked about UFO's during the debates.)

So, if you are going to keep returning the Capitalist Robber Barons Party to office, then don't be suprised if you end up with monopolies and fascism in the end.

The U.S. working class has not been the revolutionary class envisioned by Marx, and there are a lot of reasons for that, I suppose.

What we are witnessing is a systemic failure of global capitalism across the board, i.e. capitalism as it is in the REAL world, and not in the theory textbook.

"No pain, no gain," somehow came to mind as I watched it all unfold today...


I must admit I enjoyed watching the business channel this A.M. as the vote was being taken, and watching the Wall Street guys go apoplectic as the count became apparent.

Personally, I would rather stand in a breadline that give in to blackmail and terroristic threatening, but that's just me! "Let it burn," I shouted at the TV as stocks fell like a rock!!!


A reporter down on the Exchange floor today lamented that the Congress, in failing to pass the bailout bill, had somehow failed to do the people's work, and a voice in the background was heard saying, "The Congress just DID the people's work!"

Yeah, I guess, but not because they wanted to...

P.S. Am I the only one who thinks the Paulson plan for buying up all the toxic securities, and then hopefully resell them at a profit, is something like the clueless guy in the Edward Jones commercial who wants to immediately resell the 'art object' he just purchased at the auction.

[Mindtoaster]

Exactly right.



Personally, I would rather stand in a breadline that give in to blackmail and terroristic threatening, but that's just me! "Let it burn," I shouted at the TV as stocks fell like a rock!!!




This. :thumbup1:

I'll take poverty over giving one penny to clean up the bourgeois's mess. Their greed got them into this and no member of the working class should be willing to assist in bailing them out.

Has anyone noticed that this crisis seems to already be bringing out a bit of class consciousness in America, no matter how slight?

[Sendo]

I was reading this http://news.bbc.co.uk/2/hi/business/7643199.stm this morning. I was estatic, but then deeply shocked by the GOP's blocking the bill.

It seems to me that at the federal level the Dems and GOP are nothing but two rival factions and not even consistent ones at that.

Anyone reminded of Carlin's bit on Life Is Worth Losing when he talks about (at the end) an American apocalypse. I'm taking a sick pleasure in this much like Brane Matter. I want to see everything hit rock bottom, the people rise up and ...................
But I'm not exactly holding my breath.

[RadioRaheem84]

Has anyone noticed that this crisis seems to already be bringing out a bit of class consciousness in America, no matter how slight?

It's plain as day now. The media is ranting like a spoiled brat claiming anyone who didn't goose step with Paulson a chump and an idiot. The Democratic Party is likewise talking as if this was our fault. The lines are in the sand and clearer than anytime I ever seen in my life. The elite are actually trying to tell us that its war now.

[Sendo]

I think that's spot on. People are starting to finally just say, I don't know exactly what's going on (b/c there's no good media), but I know I'm being lied to, I know they're trying to con us AGAIN.

Right-wing economic rhetoric is falling on its face. But it ain't dead yet. There's still a lot of talk about the "irresponsibility of the poor."

[RadioRaheem84]

I-banks are good at raising capital. Why do they need the taxpayer money? They could raise atleast half of the proposed bailout in a week.

Anyways, this is total war between the people and the elites in the media, banking industry, and government. It's plain as day and I am glad that atleast the people stopped the first bill in motion. Now they're trying to go for Plan B.

Also, why are Paulson and other schmucks in DC saying that they will "work hard to get a proposal passed for the 'American people' " Does this guy not know that this is an unpopular bill? He keeps acting as if he's working on behalf of the American people when the people told him N-O.
The other quacks in the media are using the same line, like "oh the GOP has ruined everything". "This bill was going to save America and now its too late."

Americans have shown that they would rather wait in line at a soup kitchen then Paulson and Co. bring on fascist banker takeover of the economy and government itself.

[JimmyJazz]

But guys, it's not gonna be in a lump sum, so everything is cool! Take that, bourgeois fat cats! Another resounding victory for the little man!

[BraneMatter]

Has anyone noticed that this crisis seems to already be bringing out a bit of class consciousness in America, no matter how slight?

The bailout has exposed the class warfare against the working class as nothing else in recent history! The worst, I believe, is yet to come, and one would think that would work to increase class consciousness bigtime. We shall see, I guess. I'm not gonna get my hopes up just yet, as the corporate media has been doing an excellent propaganda job of diverting attention from the real issues and what's really going on, like the lie that it's all the fault of those people who took out subprime mortgages. Blame it on the people. Right...

[Glenn Beck]

What we are witnessing is a systemic failure of global capitalism across the board, i.e. capitalism as it is in the REAL world, and not in the theory textbook.

"No pain, no gain," somehow came to mind as I watched it all unfold today...


I must admit I enjoyed watching the business channel this A.M. as the vote was being taken, and watching the Wall Street guys go apoplectic as the count became apparent.

Personally, I would rather stand in a breadline that give in to blackmail and terroristic threatening, but that's just me! "Let it burn," I shouted at the TV as stocks fell like a rock!!!

QFT :thumbup1:

[RadioRaheem84]

http://www.bloomberg.com/apps/news?pid=20601087&sid=ahwz_k5JvuB8&refer=worldwide

The Fed pumped out 650 Billion into the financial sector. Apparently, it does what it wants. The bailout was just a rouse. If the bailout would've passed that would have been 2 trillion dollars in tax payer money.