Damn it, I can see just how this is going to play out...

[regnaD kciN]

Bush will introduce a bailout bill that basically gives all the big investors all their money back, and sticks average working people with the tab for years and years.

If Democrats try to block the giveaway, they'll be labeled as responsible for any further Wall Street crashes. The Dems will cave as usual.

The markets will pick up (anyone notice that the Dow is currently higher than it was before this week began?), and the "amazing recovery" will be held up as "proof" that the Bush/McCain approach is right for the economy, thus taking the issue completely off the table for November. We'll be back to "P.O.W., P.O.W., P.O.W." and "Hockey Mom, Hockey Mom, Hockey Mom." And, of course, that Obama is "elitist." And, by the way...he's black.

Trust me, we're going to get played on this. Just like we have this entire decade. :grr:

[David Dunham]

1. The bailout may pass bot the economy is still weak and will not pick up.

[Peregrine Took]

2. Exactly right - they created the problem and now they are the hero's for

cleaning it up. Foiled, again.

[cali]

3. trust you? I think not.

You clearly know even less than I do. Not that I'm not angry about this mess, but no, this is hardly going to help McCain. And it quite questionable that the bailout will be effective.

[regnaD kciN]

5. I hope you're right...

...but I got really depressed after hearing Bernie Sanders on Thom Hartmann talking about how "some Democrats" were talking about making sure that this wasn't just a giveaway to business while keeping things stable enough over the next six weeks for McCain to win. Repeat...some Democrats. And then I thought of how the Democrats have "stood up" to Bush on the surge, Iraq War funding, the FISA bill, etc., etc., and it became clear as day how this would play out.

[sharp_stick]

4. I don't think so

no way the pukes come out of this looking good. They look like a bunch of socialists to the puke small government base and a bunch of lying scumbags to the more enlightened of the electorate.

[iiibbb]

6. Kind of like the mob sells stores "protection" from robbers working for the mob.

It's extortion.

[regnaD kciN]

7. "Nice little stock market you got there, America..."

"...It would be a shame if something were to happen to it."

:eyes:

[ieoeja]

8. Given that the Bush/McCain approach (now) is straight out of the New Deal playbook ...

... I don't know why so many DUers are saying it is a bad thing.

Turns out there are no Conservatives in Economic foxholes. It amazes me that the most Rightist administration in modern history is taking a hard Left turn now that everything has fallen apart.

DUers often say that Bush is just an amiable dunce of a front man for the real powers that be. And I think we see that in play now. You notice that Bush only managed a very short speech and was then immediately hustled away. I suspect Bush disagrees with all of this and will be kept as secluded as possible henceforth.

The puppet masters, parasites on the American economy, realize their host is dying and that for a time they must help their host recover. They know damn well their Rightist policies hurt the economy. But as long as it enriches them, they don't give a fuck.

Now they have no choice but to turn to Liberal economic policies to save the economy.

[lame54]

9. It's the average working guy who cast the vote...

There gonna need more than spending tax money on a private institution

[regnaD kciN]

10. And it looks like the cave has begun...

...with even Chris Dodd promising "swift action" on the Bush administration's bill, because the financial system is just "days away from meltdown."

In other words, we're going to get a PATRIOT Act-style rush on this. Amend the proposal? Read the proposal? Not a chance...we have to do something right this minute.

And, so, the big investors will get their money, McCain will get the economy issue taken off the table, and the average taxpayer will get stuck with the bill. I wonder what other goodies the Republicans will sneak into that bill while everyone is too panicked to notice? Making the tax cuts permanent? Abolishing the estate tax? I'm sure this will be their opportunity to ram their wish-list through against the spineless congressional Dems.

:argh: