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StrangerThan -> RE: Cain blames unemployed,audience laughs and cheers... (10/21/2011 12:02:11 PM)
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quote:
ORIGINAL: samboct
ST
Lessee- two days prior to this bailout bill- stocks tumbled over 770 points, the largest one day loss ever. It took Congress a bit to figure out that there was no time for moralizing- that in order to stop a financial panic, it was necessary to bail out the banks or there would be a far worse economic calamity, like China dumping our T-bills. What people forget about an economic panic is that it's a panic- and that rational behavior is left far behind. So while a number of folks say we would have done fine if we'd let the banks fall- the problem was that action was likely to precipitate a broad panic- and that would have been a far worse disaster.
So I find it interesting that what you cite for both parties being responsible for the mess we're in- is actually one of the few attempts in recent history where the good of the country was put first. IIRC, Bernanke appealed to Pelosi to get her people behind the bill- and she delivered. This is in remarkable contrast to the Republicans who can't get a budget done and threaten gov't shutdowns....
Again- if you can't lay blame accurately for recent events- how are you going to solve any of the problems? If some folks in Congress are working to fix things- why should they be out of a job? This is why I dislike the "blame both parties for the mess we're in" philosophy- seems to be an excuse to coverup Republican disasters. The Democrats have problems of their own, but I think the party is at least somewhat functional- or as much as it can be. Recall Will Rogers comment- "I don't belong to an organized party, I'm a Democrat."
Sam
Sam,
The bailouts were in many ways, the culmination of a slew of legislative and political fumbles. We can talk all day about who did what, but in terms of what caused this panic, the collapse of the housing industry certainly fueled it. You can trace that directly back to Democrats. It's a pissing contest for the most part, i,e, who can piss on the other most, when in fact, I wouldn't waste a good piss to put out either side if they were on fire.
Republicans are to blame. Democrats are to blame. The most blame however, lies on voters who simply want to push the idiot buttons labeled R and D that shoots said urine at each other. Every time I turn around some shitty little thing Obama does is defended by Bush did... and when Bush was in office, the same shit flowed the other way with the finger pointing going back to Clinton.
I am not a all-evils-flow-from-democrats man. But the constant bickering, the constant THEY did this or THEY did that is for lack of a better word, bullshit. We're sold on the model and that model is all we can seem to manage - we being the people, the citizens who actually vote, the only income generator in the whole fucking mess.
What's funny is the people who scream THEY loudest, can't even keep their they's consistent with their screaming. O59 decries republicans and bailouts in the same breath when most of the nay votes were in fact, republican.
As far as budgets go, I'm pretty damned happy with the Tea Party people stance. It's about friggin time someone in Washington had some backbone, enough to teach all the little control freaks and make-up wearers that it's not the same old game. Posture, threaten, dictate all you want, but the buck stops here because that's WHAT we were elected to do.
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