DEMS BAILOUT BILLIONAIRES - right wing media will repeat until elections IF PELOSI PASSES IT!

[grahamhgreen]

Run time: 00:31 https://www.youtube.com/watch?v=u9j_epTmr2c   Posted on YouTube: September 30, 2008 By YouTube Member: Views on YouTube: 0   Posted on DU: September 30, 2008 By DU Member: grahamhgreen Views on DU: 1467

 
IF PELOSI/REID PASS A BAILOUT - WE WILL LOSE THE ELECTIONS!

This video is the tip of the iceberg.

The right-wing media will repeat this until the election.



IF THEY DO NOTHING - the Dems can BLAME IT ALL ON THE REPUBS!

1) It is a failure of Reaganomics/WTO/FTA/deregulation/neo-conservativism/objectivism/Ayn Rand/Greenspan.

2) Dems can say - we tried to pass a bill to fix it - Repubs rejected it.


3) Now we can suggest:

+ Put 700b into prosecuting those that got us into this mess,

+ siezing their assets,

+ and rebuilding America's infrastructure.

+ As well as starting the new economy of single-payer not-for-profit healthcare,

+ the new economy of unlimited, sustainable energy.

+ Ending the war, prosecuting the war profiteers and re-collecting the funds stolen by these profiteers.

[melody]

1. Would the RW media say anything else???

Besides, we'll just throw a few pictures of McCain with the architects of destruction and no one will care about the bailout. Besides, the public is thawing toward the bailout even now.

[sharp_stick]

2. Give me a freaking break

I'm sick to death of people telling me what single event that hasn't even happened is going to cost us the election.

It's like having 5000 Bob Shrums all yelling at once in this place recently.

[grahamhgreen]

3. DEMS BAILOUT BILLIONAIRES - really it's only 3 words that will cost us the election...

[democracy1st]

4. thats why they are seeking bi partisan cooperation on this bill

[melody]

6. This must be the 8 millionth negative Obama post I've seen from you

Why are you trying to convince everyone he's going to lose?

[grahamhgreen]

13. It's not negative - he's in danger of alienating his left flank that's supported him from the start.

His base needs some encouragement, too.

[melody]

14. It's concern trolling n/t

[grahamhgreen]

18. Sincerely, I am trying to help.

[AlbertCat]

21. DEMS BAILOUT BILLIONAIRES

Excuse me, was it the Dems who made a 3 page proposal to bailout anybody to begin with?

Is that the Billionaires who know how many houses they have or the Billionaires who don't know how many houses they have?

Are these the "Haves" or the "Have mores" of Bush's base they are bailing out?

At least they aren't handing out billions in shrink wrapped bundles of cash out of a cargo plane to whomever comes up and says "I have a project...." like the Repugs did in Iraq!

(These and many other answers to the bogus "Dems bailout Billionaires" crap are readily available. Really, we know the GOP is gonna go there anyway, so why wring our hands and fret. Just deal with it.)

[ann_american2004]

5. Repubs will stay Repubs and will eat what's put infront of them

Independents and Undecideds are another matter. And they are paying attention. They are NOT stupid. They know all McCain and the GOP have left are fear and racism. These adds are just fear mongering and more of the same. Obama is the one person who has stood calmly and lead when necessary and reassured when necessary. The more ads the GOP send out like this the more obvious it is to everyone except their kool-aid drinking camp. McCain keeps reinventing himself so much no one knows what he is or what he stands for or why he --with eye twitches galore-- is viciously attacking Obama.

Obama is steady and true. THAT is what matters. No one paying attention is fooled by the GOP's fear mongering ads anymore.

[daa]

7. So why is Pelosi

passing FISA and bailing our Billionaires? Here in Georgia ALL of our Congresspersons voted against that bill, Dems like John Lewis. That was a horrible bill that would do nothing to solve the problem.

[debbierlus]

12. It is a horrible bill & I agree with you 100%

[barack the house]

8. Oh those b******s. Like they are the answer after McCain said he knows zero on the economy.>

I don't get why they want mroe of this the dollar won't be worth shit.

[The Crazy Canadian]

9. Dems would make a terrible mistake bailing out Wall Street.

It would be political suicide. Let Wall Street go down in flames, they deserve it.

[barack the house]

10. Yes, the Republicans are encouraging this too. Wall street don't blame us.>

Firstly the GOP wouldn't vote on the bill now they are making ads so it's impossbile for Democrats to vote on the bill.

[melody]

19. Wall Street wouldn't burn alone

We'd have a dearth of everything, everywhere. People would be laid off (including Canadians, I might add, since there's so much over the border commerce). It would be very ugly.

The Democrats AND the GOP will go at this together. It will be very easy to point out the front man for Wall Street, though -- McCain, of course.

[Union Thug]

11. Let Wall Street bail itself out..

with surtaxes on the wealthiest americans and transaction fees on trades.

Bail out mortgage holders by taking over the loans, renegotiating the terms.

And then implement a new deal style economic package that would ensure that good, high paying jobs are created and kept in America. Punish any corporation that outsources, etc.

Bailing out the criminal shitheels on Wall Street is WRONG. These guys should be GOING TO PRISON, not being rescued.

[LiberalLovinLug]

15. Its not just about a jab at Obama

He has survived many. It is that they will paint falsely the Democrats as the ones who are burning a trillion dollars. They are sticking to the game plan of bankrupting the country to the point where McCains "spending freeze" will sound like the obvious choice. Then if Obama wins, and he tries to spend any tax dollars on setting up universal healthcare, for instance, Repukes will scream that he is over-indulging. They put out these ads but do not mention that it is they who are the billionaires that the Dems are bailing out.

I agree that it is the Dems who should be holding back with demands that they know Repukes will be hard-pressed to swallow. Like no money for bonuses, and limited money for CEOs, and very stiff regulations on Wall Street. Then they can rightfully say that the Repukes are holding out for more tax money for their billionaire friends.

The Democrats are playing this all wrong. The Repukes have managed (once again) to flip the tables where it is the elite latte sipping Democrats who are eager to bail out the billionaires and close the deal quickly and the Repukes who are fighting it and holding out until the average American gets more out of it. Simply remarkable.

It is the Democrats that SHOULD be holding out with those excellent points you laid out. If the Repukes balk at it, which they will, then simply explaining these points that the Dems differ on, would paint the Repukes into a corner and on the defensive.

I am simply aghast at the ability of the Democratic Party to snatch defeat from the jaws of victory once again.

[notaboutus]

17. Don't underestimate him

Why do you think he will not give the MSM the extreme details they want of his plans? He already has a plan. If you listen to him he has said this from day one. Time was of the essence and he could not wait another 4 years because it would be too late! He knows of what he speaks. I was confused at first too but I do know this. The republicans and the wealthy control Wall Street they pull their money it drops. They were going to do it either way because they don't want the middle class to survive. They don't want to pay higher taxes. They want it all.
Our country has no money we owe the foreign investors. Americans went to other countries and started this whole market investment scheme. They did it with the S&L with oil and energy and now the housing market.
The FEDS have been propping up Banks for a while now and don't have any more money. I don't pretend to have a solution but I know mess when I smell it and that is exactly what this is.

[AlbertCat]

22. Flipped Tables?????

The Democrats are playing this all wrong. The Repukes have managed (once again) to flip the tables where it is the elite latte sipping Democrats who are eager to bail out the billionaires

All I hear from Dems who even voted for the bill is that the bill was flawed and even they are glad it didn't pass. And of course it could be GOPers didn't vote for it because it wasn't the blank check they had hoped for. One can always say it lost, not because Pelosi upset them as they say (because that excuse is just stupid)Instead the GOP really killed it because it wasn't a free ride. It had restrictions the Dems put in.

I don't see where the GOP "Dem's did it" line is sinking in or sticking anywhere but in neocon goons who will be for anything the GOP tells them to be for or against... and trolls trying to bring Dem moral down. Why do you think the GOP has succeeded? Why do you think the "tables have flipped"? They are trying to be flipped but who's falling for the Repug line...except you, and hard core Repugs?

It ain't working.

[notaboutus]

16. WE WILL NOT LOSE!!! NJN

My children have enough common sense not to believe this garbage. Go read Bob Herbert's column in the NY Times today it sums it all up perfectly. Hell you can go check out the republican house voting record. As for Clinton signing a de-regulation bill in 1999 since that's the next favorite talking point. It was a REPUBLICAN controlled House & Senate with a filibuster proof majority. Who are you lying too cause it sure isn't me.

[mckara]

20. So, the Dems Should Let the Credit Markets Freeze Before Taking Action?

Somebody has to be the adult party, after 25 years of Republican fantasies.

[grahamhgreen]

23. Should the Dems pass a bad bill that will cause a collapse of the world economy? That's what this is

Have you seen this letter signed by 200 of the countries top economists?

(This letter was sent to Congress on Wed Sept 24 2008 regarding the Treasury plan as outlined on that date. It does not reflect all signatories views on subesquent plans or modifications of the bill)

To the Speaker of the House of Representatives and the President pro tempore of the Senate:

As economists, we want to express to Congress our great concern for the plan proposed by Treasury Secretary Paulson to deal with the financial crisis. We are well aware of the difficulty of the current financial situation and we agree with the need for bold action to ensure that the financial system continues to function. We see three fatal pitfalls in the currently proposed plan:

1) Its fairness. The plan is a subsidy to investors at taxpayers’ expense. Investors who took risks to earn profits must also bear the losses. Not every business failure carries systemic risk. The government can ensure a well-functioning financial industry, able to make new loans to creditworthy borrowers, without bailing out particular investors and institutions whose choices proved unwise.

2) Its ambiguity. Neither the mission of the new agency nor its oversight are clear. If taxpayers are to buy illiquid and opaque assets from troubled sellers, the terms, occasions, and methods of such purchases must be crystal clear ahead of time and carefully monitored afterwards.

3) Its long-term effects. If the plan is enacted, its effects will be with us for a generation. For all their recent troubles, America's dynamic and innovative private capital markets have brought the nation unparalleled prosperity. Fundamentally weakening those markets in order to calm short-run disruptions is desperately short-sighted.

For these reasons we ask Congress not to rush, to hold appropriate hearings, and to carefully consider the right course of action, and to wisely determine the future of the financial industry and the U.S. economy for years to come.


Signed (updated at 9/27/2008 6:00PM CT)

Acemoglu Daron (Massachussets Institute of Technology)
Ackerberg Daniel (UCLA)
Adler Michael (Columbia University)
Admati Anat R. (Stanford University)
Ales Laurence (Carnegie Mellon University)
Alexis Marcus (Northwestern University)
Alvarez Fernando (University of Chicago)
Andersen Torben (Northwestern University)
Baliga Sandeep (Northwestern University)
Banerjee Abhijit V. (Massachussets Institute of Technology)
Barankay Iwan (University of Pennsylvania)
Barry Brian (University of Chicago)
Bartkus James R. (Xavier University of Louisiana)
Becker Charles M. (Duke University)
Becker Robert A. (Indiana University)
Beim David (Columbia University)
Berk Jonathan (Stanford University)
Bisin Alberto (New York University)
Bittlingmayer George (University of Kansas)
Blank Emily (Howard University)
Boldrin Michele (Washington University)
Bollinger, Christopher R. (University of Kentucky)
Bossi, Luca (University of Miami)
Brooks Taggert J. (University of Wisconsin)
Brynjolfsson Erik (Massachusetts Institute of Technology)
Buera Francisco J.(UCLA)
Cabral Luis (New York University)
Camp Mary Elizabeth (Indiana University)
Carmel Jonathan (University of Michigan)
Carroll Christopher (Johns Hopkins University)
Cassar Gavin (University of Pennsylvania)
Chaney Thomas (University of Chicago)
Chari Varadarajan V. (University of Minnesota)
Chauvin Keith W. (University of Kansas)
Chintagunta Pradeep K. (University of Chicago)
Christiano Lawrence J. (Northwestern University)
Clementi, Gian Luca (New York University)
Cochrane John (University of Chicago)
Coleman John (Duke University)
Constantinides George M. (University of Chicago)
Cooley, Thomas (New York University)
Crain Robert (UC Berkeley)
Culp Christopher (University of Chicago)
Da Zhi (University of Notre Dame)
Darity, William (Duke University)
Davis Morris (University of Wisconsin)
De Marzo Peter (Stanford University)
Dubé Jean-Pierre H. (University of Chicago)
Edlin Aaron (UC Berkeley)
Eichenbaum Martin (Northwestern University)
Ely Jeffrey (Northwestern University)
Eraslan Hülya K. K.(Johns Hopkins University)
Fair Ray (Yale University)
Faulhaber Gerald (University of Pennsylvania)
Feldmann Sven (University of Melbourne)
Fernandez, Raquel (New York University)
Fernandez-Villaverde Jesus (University of Pennsylvania)
Fohlin Caroline (Johns Hopkins University)
Fox Jeremy T. (University of Chicago)
Frank Murray Z.(University of Minnesota)
Frenzen Jonathan (University of Chicago)
Fuchs William (University of Chicago)
Fudenberg Drew (Harvard University)
Gabaix Xavier (New York University)
Gao Paul (Notre Dame University)
Garicano Luis (University of Chicago)
Gerakos Joseph J. (University of Chicago)
Gibbs Michael (University of Chicago)
Glomm Gerhard (Indiana University)
Goettler Ron (University of Chicago)
Goldin Claudia (Harvard University)
Gordon Robert J. (Northwestern University)
Greenstone Michael (Massachusetts Institute of Technology)
Gregory, Karl D. (Oakland University)
Guadalupe Maria (Columbia University)
Guerrieri Veronica (University of Chicago)
Hagerty Kathleen (Northwestern University)
Hamada Robert S. (University of Chicago)
Hansen Lars (University of Chicago)
Harris Milton (University of Chicago)
Hart Oliver (Harvard University)
Hazlett Thomas W. (George Mason University)
Heaton John (University of Chicago)
Heckman James (University of Chicago - Nobel Laureate)
Henderson David R. (Hoover Institution)
Henisz, Witold (University of Pennsylvania)
Hertzberg Andrew (Columbia University)
Hite Gailen (Columbia University)
Hitsch Günter J. (University of Chicago)
Hodrick Robert J. (Columbia University)
Hollifield Burton (Carnegie Mellon University)
Hopenhayn Hugo (UCLA)
Hurst Erik (University of Chicago)
Imrohoroglu Ayse (University of Southern California)
Isakson Hans (University of Northern Iowa)
Israel Ronen (London Business School)
Jaffee Dwight M. (UC Berkeley)
Jagannathan Ravi (Northwestern University)
Jenter Dirk (Stanford University)
Jones Charles M. (Columbia Business School)
Jovanovic Boyan (New York University)
Kaboski Joseph P. (Ohio State University)
Kahn Matthew (UCLA)
Kaplan Ethan (Stockholm University)
Karaivanov Alexander (Simon Fraser University)
Karolyi, Andrew (Ohio State University)
Kashyap Anil (University of Chicago)
Keim Donald B (University of Pennsylvania)
Ketkar Suhas L (Vanderbilt University)
Kiesling Lynne (Northwestern University)
Klenow Pete (Stanford University)
Koch Paul (University of Kansas)
Kocherlakota Narayana (University of Minnesota)
Koijen Ralph S.J. (University of Chicago)
Kondo Jiro (Northwestern University)
Korteweg Arthur (Stanford University)
Kortum Samuel (University of Chicago)
Krueger Dirk (University of Pennsylvania)
Ledesma Patricia (Northwestern University)
Lee Lung-fei (Ohio State University)
Leeper Eric M. (Indiana University)
Letson David (University of Miami)
Leuz Christian (University of Chicago)
Levine David I.(UC Berkeley)
Levine David K.(Washington University)
Levy David M. (George Mason University)
Linnainmaa Juhani (University of Chicago)
Lott John R. Jr. (University of Maryland)
Lucas Robert (University of Chicago - Nobel Laureate)
Ludvigson, Sydney C. (New York University)
Luttmer Erzo G.J. (University of Minnesota)
Manski Charles F. (Northwestern University)
Martin Ian (Stanford University)
Mayer Christopher (Columbia University)
Mazzeo Michael (Northwestern University)
McDonald Robert (Northwestern University)
Meadow Scott F. (University of Chicago)
Meeropol, Michael (Western New England College)
Mehra Rajnish (UC Santa Barbara)
Mian Atif (University of Chicago)
Middlebrook Art (University of Chicago)
Miguel Edward (UC Berkeley)
Miravete Eugenio J. (University of Texas at Austin)
Miron Jeffrey (Harvard University)
Moeller, Thomas (Texas Christian University)
Moretti Enrico (UC Berkeley)
Moriguchi Chiaki (Northwestern University)
Moro Andrea (Vanderbilt University)
Morse Adair (University of Chicago)
Mortensen Dale T. (Northwestern University)
Mortimer Julie Holland (Harvard University)
Moskowitz, Tobias J. (University of Chicago)
Munger Michael C. (Duke University)
Muralidharan Karthik (UC San Diego)
Nair Harikesh (Stanford University)
Nanda Dhananjay (University of Miami)
Nevo Aviv (Northwestern University)
Ohanian Lee (UCLA)
Pagliari Joseph (University of Chicago)
Papanikolaou Dimitris (Northwestern University)
Parker Jonathan (Northwestern University)
Paul Evans (Ohio State University)
Pearce David (New York University)
Pejovich Svetozar (Steve) (Texas A&M University)
Peltzman Sam (University of Chicago)
Perri Fabrizio (University of Minnesota)
Phelan Christopher (University of Minnesota)
Piazzesi Monika (Stanford University)
Pippenger, Michael K. (University of Alaska)
Piskorski Tomasz (Columbia University)
Platt Brennan C. (Brigham Young University)
Rampini Adriano (Duke University)
Ray, Debraj (New York University)
Reagan Patricia (Ohio State University)
Reich Michael (UC Berkeley)
Reuben Ernesto (Northwestern University)
Rizzo, Mario (New York University)
Roberts Michael (University of Pennsylvania)
Robinson David (Duke University)
Rogers Michele (Northwestern University)
Rotella Elyce (Indiana University)
Roussanov Nikolai (University of Pennsylvania)
Routledge Bryan R. (Carnegie Mellon University)
Ruud Paul (Vassar College)
Safford Sean (University of Chicago)
Samaniego Roberto (George Washington University)
Sandbu Martin E. (University of Pennsylvania)
Sapienza Paola (Northwestern University)
Savor Pavel (University of Pennsylvania)
Schaniel William C. (University of West Georgia)
Scharfstein David (Harvard University)
Seim Katja (University of Pennsylvania)
Seru Amit (University of Chicago)
Shang-Jin Wei (Columbia University)
Shimer Robert (University of Chicago)
Shore Stephen H. (Johns Hopkins University)
Siegel Ron (Northwestern University)
Smith David C. (University of Virginia)
Smith Vernon L.(Chapman University- Nobel Laureate)
Sorensen Morten (Columbia University)
Spatt Chester (Carnegie Mellon University)
Spear Stephen (Carnegie Mellon University)
Stevenson Betsey (University of Pennsylvania)
Stokey Nancy (University of Chicago)
Strahan Philip (Boston College)
Strebulaev Ilya (Stanford University)
Sufi Amir (University of Chicago)
Tabarrok Alex (George Mason University)
Taylor Alan M. (UC Davis)
Thompson Tim (Northwestern University)
Troske Kenneth (University of Kentucky)
Tschoegl Adrian E. (University of Pennsylvania)
Uhlig Harald (University of Chicago)
Ulrich, Maxim (Columbia University)
Van Buskirk Andrew (University of Chicago)
Vargas Hernan (University of Phoenix)
Veronesi Pietro (University of Chicago)
Vissing-Jorgensen Annette (Northwestern University)
Wacziarg Romain (UCLA)
Walker Douglas O. (Regent University)
Walker, Todd (Indiana University)
Weill Pierre-Olivier (UCLA)
Williamson Samuel H. (Miami University)
Witte Mark (Northwestern University)
Wolfenzon, Daniel (Columbia University)
Wolfers Justin (University of Pennsylvania)
Woutersen Tiemen (Johns Hopkins University)
Wu Yangru (Rutgers University)
Yue Vivian Z. (New York University)
Zingales Luigi (University of Chicago)
Zitzewitz Eric (Dartmouth College)

[mckara]

25. That Letter Includes:

"we agree with the need for bold action to ensure that the financial system continues to function."

So, fix the f#%@ing shortfalls in the bill, and enact legislation before congressional inaction deepens the recession, or turns a recession into a depression. Economists also agree that credit markets need liquidity within the next two weeks, or unemployment and business failures will increase precipitously.

[grahamhgreen]

26. This is the shock doctrine. They want you to react in fear. We have time. Soon, we will have the

White House. Wait til then. The 750 trillion in credit swaps will come do. Those who dealt in them should go under - not be propped up.

[mckara]

27. As All the Derivatives Unwind...

There will be plenty of pain inflicted upon traders who risked their fortunes recklessly. Other banks may go down even after the bailout. Something had better be done soon, or the Democratic Congress will be complicit with Bush and the Republicans. Read this: Phillips, K. Bad Money: Reckless Finance, Failed Politics, and the Global Crisis of American Capitalism. Our problems are more a result of corruption than conspiracy theories.

[grahamhgreen]

28. Looks like a great book!

[ooglymoogly]

24. I just have one question

Why did this boondoggle (conveniently for the pugs) happen on the eve of this historic election. Many of us have known for several years that this economy was going down and was only being propped up by massive infusions of paper till * was out of office. If this is not a trap for Dem's, it sure smells like one. We also all knew there would be an October surprise but judging by this cabals past history there will probably be many October surprises of which this is just the first.