Bailout Defeat: Blessing in Disguise?

[babsbunny]

http://ajliebling.blogspot.com/2008/09/bailout-defeat-blessing-in-disguise.html

Tuesday, September 30, 2008
Bailout Defeat: Blessing in Disguise?
Over the next days, with a show of guts, House Democrats could turn today's stunning defeat into victory by working on a revised version of the rescue bill, not to bring on board dissident Republicans, but members of their own caucus who felt it did not go far enough to protect homeowners and taxpayers.

Such a revamping might ease pressure on incumbents from both parties who fear voter retribution next month if they are perceived as bailing out Wall Street.

The possible permutations are many, but start with the negative take by Larry Kudlow on the National Review blog that "Democrats will come back with a new bill that includes all the left-wing stuff that was scrubbed from the bill that was defeated today in the House.

[polichick]

1. Blessing in plain sight imo - go Dems!

[jjanpundt]

2. I'd like the dems to load it so that it pleases them, especially if

it contains real help to us little guys. Then get all their ducks in a row for the vote. If the repubs trash it they'll bear the brunt of our displeasure. I'm sick to death of hearing the repubs saying it HAS to have capital gains tax protection and other kicks for the rich.

[Blue Meany]

4. It sounds like some Repubs may support the plan

from the Progressive Caucus, based on what I heard on PBS news, though they'll probably try to load with a capital gains tax cut.

[lamp_shade]

3. I suspect they're way ahead of us on this.

[LiberalAndProud]

5. We will get a better bill.

This bill was marketed badly from the beginning. The 'Walstreet Bailout Bill' has been defeated. They will forge a better marketing strategy, retool the bill as the 'Main Street Stabilization Bill' and the money will be printed. The Dems will probably get some left-wing stuff and the Republicans will get the 'mark-to-market' accounting procedure.


It will be a better bill.

[lamp_shade]

6. I believe it will. I'm sitting on the edge of my seat.