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Rescuing the Rescue Plan

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Do you have any concerns now?
Yeah, I do. The $700 billion is still there. My worry is not just with the amount of new debt, but the problems going forward when the government owns such a large stake in so many banks and businesses. How would you like to be a business competing with a business that has a government stake? It's just going to create some conflicts we aren't thinking of right now.

So do you think the Senate will pass it?
Yes, overwhelmingly.

What about the House?
It will too. Of course, I thought the House would last time. In eight years in Congress I've never seen a significant piece of legislation come to the floor when the leadership of both parties didn't know the outcome. It was a shock to all of us that the votes weren't there last time. It won't happen again. That sort of thing only happens once in a congressional career. They'll make sure this time.

How are you going to vote?
I plan to vote no as long as the $700 billion is there.

Do you have confirmation on when you'll vote?
It'll be Friday. I think we'll do the prep work for it tomorrow evening in the House and the vote will come up Friday.

If this doesn't pass, what do you think may happen?
We will see the markets fall. We will continue to see problems. I'm not denying there are problems. We have severe problems on the confidence side and the liquidity side, but there are other ways to deal with that than putting taxpayers on the hook and inserting government into the market place. As someone who opposes this piece of legislation I am not saying we shouldn't do anything. We should. We do need to act quickly. If this were to fail then we'll come back with a new piece of legislation.

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Posted By: Krohn @ 10/09/2008 7:34:00 PM

They harassed her until she registered to vote six times!:
http://www.foxnews.com/video2/video08.html?maven_referralObject=3145562&maven_referralPlaylistId=&sRevUrl=http://www.foxnews.com/politics/
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Posted By: Krohn @ 10/08/2008 11:41:30 PM

"Not all Democrats agree with Mr. Frank that such policies are off-limits to criticism. Last week Rep. Artur Davis of Alabama said in a statement: 'Like a lot of my Democratic colleagues I was too slow to appreciate the recklessness of Fannie and Freddie. I defended their efforts to encourage affordable homeownership, when in retrospect, I should have heeded the concerns raised by their regulator in 2004. Frankly, I wish my Democratic colleagues would admit when it comes to Fannie and Freddie, we were wrong.'

"Mr. Davis is a member of the Congressional Black Caucus."

'Rank snobbery'

Camille Paglia, who supports Sen. Barack Obama, has nothing but scorn for the way the media has treated Sarah Palin.

"The mountain of rubbish poured out about Palin over the past month would rival Everest. What a disgrace for our jabbering army of liberal journalists and commentators, too many of whom behaved like snippy jackasses," Miss Paglia writes at www.salon.com.

"The bourgeois conventionalism and rank snobbery of these alleged humanitarians stank up the place. As for Palin's brutally edited interviews with Charlie Gibson and that viper, Katie Couric, don't we all know that the best bits ended up on the cutting-room floor? Something has gone seriously wrong with Democratic ideology, which seems to have become a candied set of holier-than-thou bromides attached like tutti-frutti to a quivering green Jell-O mold of adolescent sentimentality."
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Posted By: Krohn @ 10/06/2008 6:00:05 PM

The Antichrist!:
When George Soros failed to obtain the election of his candidate, John Kerry, in 2004, he brooded for a while, even said he might get out of politics altogether, but he just couldn???t stop himself. He has stated publicly that he wishes to burst the ???bubble of American supremacy,??? because he says our preeminence in the world is a detriment to global ???equilibrium.??? So far, he has failed, but he keeps on trying.

And Mr. Soros has made no secret either of the fact that he sees the shortest way to effect political shake-ups, what he terms ???regime changes,??? is through very difficult economic conditions.

America has not yet felt the full force of Soros style economic shock treatment. But others have.

Soros made his first billion in 1992 by shorting the British pound with leveraged billions in financial bets, and became known as the man who broke the Bank of England. He broke it on the backs of hard-working British citizens who immediately saw their homes severely devalued and their life savings cut drastically in comparative worth almost overnight.

When the Asian Financial Crisis of 1997 threatened to spread globally, George Soros was right in the thick of it. Soros was accused by the Malaysian Prime Minister of causing the collapse with his monetary machinations, and he was branded in Thailand as an ???economic war criminal??? who ???sucks the blood from the people.??? Right in the middle of this crisis, Soros dashed off his book, The Crisis of Global Capitalism, which demanded a ???third way??? toward economic stability.

Wake up, America, before it is too late!!!!