House Republicans just handed Obama the election. This makes me happy like knowing your insurance will buy you a new house after a group of arsonists torched your old one. That is to say I am not happy.
I still think the bailout is bogus. Let the fuckers fail. For all the yammering on about "accountability", I don't see how bailing them out of the mess they fucking made encourages any accountability. Why should the average taxpayer pay these schmucks?
Only problem with that is that you'd see a lot of people losing their savings and their jobs. It's ridiculous that this hasn't been addressed until now (it's been a crisis for some time, it just hasn't hit Wall Street severely until now), but at the same time you've got to protect people's money. Not to mention what it does to the dollar and what that will do to oil and food prices. That $trillion+ that was lost last week (and nearly again today) isn't coming out of the pockets of millionaires.
While it's been conservative policies that have been largely to blame for this current situation that doesn't acquit the Democrats in my view. But political and practical responsibility are two separate things entirely and the political blame is going to be thrust upon the Republicans (and John McCain) for this one. I expect to see his numbers dip severely (as in a couple points, which is about as severely as they could possibly dip at this point).
I think you hit the nail on the head, but I'm not sure how far it serves you exactly. Unfortunately people will be looking at the political/aesthetic rather than the practical, but that can swing either way. The bail-out was popular in some quarters but there is also quite a lot of antagonism. It's impossible and perhaps unwise to say who the victor will be at this juncture.
I just don't see how this could be spun effectively as the Democrats' problem. It doesn't even matter that the bail-out was unpopular with some swing-votes. What people will see is the loss of $1.2 trillion in market value and what might be a four-digit Dow by the time election day comes around. I don't even want to think about what the unemployment rate will be by November...
Personally, I think that Obama "won" the election the moment McCain chose Sarah Palin as his running mate, but this is another nail in the coffin. I'm not saying that McCain can't win--it's never over until the sound of the buzzer--but it would require something truly earth-shattering, and at the rate things are going it will take something earth-shattering just to reverse Obama's momentum, nevermind actually turning things around enough for McCain to win. Things like this vote in the House are like failed on-side kicks that keep giving Obama back the ball when he's already got a considerable lead.
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I still think the bailout is bogus. Let the fuckers fail. For all the yammering on about "accountability", I don't see how bailing them out of the mess they fucking made encourages any accountability. Why should the average taxpayer pay these schmucks?
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Personally, I think that Obama "won" the election the moment McCain chose Sarah Palin as his running mate, but this is another nail in the coffin. I'm not saying that McCain can't win--it's never over until the sound of the buzzer--but it would require something truly earth-shattering, and at the rate things are going it will take something earth-shattering just to reverse Obama's momentum, nevermind actually turning things around enough for McCain to win. Things like this vote in the House are like failed on-side kicks that keep giving Obama back the ball when he's already got a considerable lead.
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