Did you ever wonder why many Republicans are against the bailout?

[Barack_America]

Did you ever wonder why many Republicans are suddenly so "concerned" about the American taxpayer? Particularly when they've been screwing over the American taxpayer for 8 years, by approving Bush's wars and budgets?

:shrug:

They keep touting the "price tag" in their opposition to the bill, but what "price tag" are they talking about? The $700 billion Americans will pay -OR- the numerous business oversight and regulations that have been written into it?

Who are they answering to here; their constituents or the corporate lobbyists representing interests not as vulnerable to the financial sector's woes, but impacted by increased oversight and regulation?


Did you ever wonder why Democrats by and large support this bill? Is it because they "love spending taxpayer money" as the Republicans claim? Or is it because they realize that, yes, this bill may help stabilize the company, but also that Wall Street's desperation is allowing Democrats to grab them by the balls, so to speak?

Do you favor increased oversight and regulation of Wall Street? If so, how much are you willing to pay? Perhaps $3000, that may (or may not) be refunded?

[sandnsea]

1. The bailout proves the failure of Reaganism

That is why the rabid right opposes it.

[Barack_America]

3. Ironic then, that the alternative they proposed essentially used Reaganism to correct Reaganism.

They just can't seem to tear themselves away from the shrine of St. Ronnie, can they? Not even when the walls are collapsing around them.

[kirby]

2. Republicans are hurting and they are latching onto a populist message n/t

[Barack_America]

5. Are they? Or are they using that "populist message" as political cover.

Is their newfound respect for the common man true or merely convenient?

I don't know about you, but I'll never trust Republicans to look out for the little guy.

[kirby]

7. It is a populist message used as a political cover...

They are hypocrites in the extreme. Their deregulate everything laissez-faire ideology is what got us into this mess.

[PVnRT]

14. It's all cover

They and the Chicago School want:

- capital gains tax cut
- cut taxes on the wealthy even more
- more deregulation
- cut social spending

However they couch there terms, that is what they are going for, and what they have always gone for. Nothing has changed.

[madmom]

4. The ONLY reason the repugs are against it is because they are trying

to make it political hay for the dems, if the dems vote for it they can say see they spending all your money if no repugs vote for it it will be the same. Remember the memo that came last week in their talking points it said it all and right after it came out was when they started rejecting everything.

[wtmusic]

6. There's absolutely ZERO regulation written into this bill

(I read it, every page).

What you are seeing is a titanic clash between the Eisenhower Republicans and the W Republicans. The former are serious about smaller government and fiscal responsibility, the latter are serious about coddling their billionaire friends.

Don't be ashamed to agree with House Republicans on this. They're right.

[Barack_America]

8. Could you link that?

I'd like to read it.

Did you find a source outside the official House site? I'm having a hard time getting on that one.

[wtmusic]

10. try this

http://www.huffingtonpost.com/2008/09/28/bailout-legislation-full_n_130063.html

[Barack_America]

11. Thanks very much.

Been searching for that all morning! Unfortunately on the borderline-crashing House.gov.

:thumbsup:

[kirby]

9. The purpose of the bill is an avoid an economic disaster, not to regulate...

I imagine regulation will be strong on the agenda after the election.

There is oversight in the bill however.

[sandnsea]

12. The ones who want to cut capital gains

to fix this problem? Yeah right. :eyes:

[OllieLotte]

13. I don't think I could understand the legalese of the document.

I'm not sure the bailout is a good idea either. I think the Democratic side has had as much of a hand in this mess as Republicans. I'm just not sure what the best answer is. I sure don't want a meltdown, but I see no reason that people that wrote bad loans and the people that took them out should get a saved by taxpayers.

[Barack_America]

16. I think that's a very honest response.

And, no matter what, I think the issue boils down to: who do you trust?

Who do you trust to have your best interests in mind and what is their position on the bill?

Personally, Democratic support is a big reason I'm inclined to support the bill. I mean, c'mon, do the Dems really have a track record of wanting to throw money at big business? If they're willing to do this, they must have a good reason.

[wtmusic]

18. Dem support for this makes no sense to me

beyond possible fear of appearing obstructionist before the election. And Dems have plenty of experience throwing money at big business.

[deaniac21]

17. Yep. I'm with you on this one. They should be forcing these

institutions to pay back the money like a loan. Basically, they took the profit and we will be eating the loss. Great deal for them!

[Sukie]

15. This whole bail out thing is confusing me.

The dems want it, the repubs don't...........yet I got two emails today.......One from democrats.com and the other from OpEdNews. Both asking that I write to congress to ask them to stop the bailout.

http://www.opednews.com/flyer/news_20080929_1.html

http://www.democrats.com/stop-paulsons-plunder

Which way is UP??

[wtmusic]

19. The division is not so much Democrat/Republican

as it is populus/politician, employee/employer.

IMO we are seeing big money contributors pushing hard for the bailout, and the public saying no way.