Congressional Democrats: Letting “I Dare Not” Wait Upon “I Would”

Senator Jack Reed (D-RI) appeared on the John DePetro Show this morning [no podcast yet available] [edit: podcast available here courtesy WPRO] to discuss the status of the bailout. At one point, he pointed to Congressional Republicans as the reason that bailout legislation has so far failed.
Question for all Democrats in Congress. You control Congress. You have the votes to pass a bailout. If you believe the situation is serious – President George Bush (R) certainly thinks so – and the health if not the very existence of the American economy is at stake, why the hesitation? What is more important than passing a bailout?

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Greg
Greg
12 years ago

How about we don’t ask why and we just rejoice in the fact that there isn’t a bailout? If we’re very very lucky Bush’s “Operation: Save my buddies fortunes” will go down in a giant fireball.

OldTimeLefty
12 years ago

Why not ask the same question of Republicans; after all it is their party chief who urged the proposal in the first place?
OldTimeLefty

msteven
msteven
12 years ago

There is a legitimate debate on whether the bailout is a good thing or nor. There are both pros and cons, costs and benefits, intelligent reasons on both sides.
And also, there is ‘politicizing’ of the issue and debate in both parties. That’s what they do – use current events to their political advantage. It isn’t a tool used by one party asnd not the other. I’m sure there are specific politicians who take the high road, but they are not based on political affiliation.

Scott Bill Hirst
Scott Bill Hirst
12 years ago

Hi!
Sen. Reed is on the Banking Committee and a Sub committee no less. He should be “more” involved in this issue than most other Senators!
Regards,
Scott

Scott Bill Hirst
Scott Bill Hirst
12 years ago

Hi!
Sen. Reed is Chair of the sub committee that deals with investments no less. As a disclaimer I am a Tingle supporter. Check out Bob Tingle at http://www.bobtingle.com ,.
For Sen. Reed’s committee assignments check out http://reed.senate.gov/legislation/committee.cfm ,.
Regards,
Scott

EMT
EMT
12 years ago

What is more important than passing a bailout?
For our good friend Senator Reed- a member of the Subcommittee on Financial Institutions AND a member of the bailout negotiating team- it’s CLEARLY more important that he attend tonight’s Presidential debate in Mississippi.

bobc
bobc
12 years ago

Why not ask the same question of Republicans; after all it is their party chief who urged the proposal in the first place?
Not exactly, it was Henry Paulson’s plan. Paulson tried to convince everyone that it’s an emergency and that his plan needed to be implemented immediately. Thank God there are enough Republicans that think otherwise. As for the Democrats, they won’t take the lead on this and have no-one but themselves to blame when the whole thing blows up in their face. They would rather pork up a bad bill than do what’s right for all concerned. What a country, bail out Wall Street with taxpayer money and then pay it back with taxpayer money by helping people keep houses (that they themselves admit) they shouldn’t have bought to begin with. Oh and while we’re at it let’s take care of that nasty credit card debt as well.

Jenny
Jenny
12 years ago

If you read this article in the London Times you’ll see that 5 British banks alone have plans to claim at least 1/4 of the $700 billion dollar bailout, and from what I heard on the BBC World News, not al of it is debt incurred in the US, but debt from their wn country: http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article4828413.ece
This is lunacy, and congress should say no to any bailout. The democrats and the Bush admin are trying to sell us out for once and for all.

Jenny
Jenny
12 years ago

Oldtimelefty, half of what Bush has been able to get away with is courtesy of Bill Clinton and Hillary Clinton. It’s the democratic leaders in congress who are siding with Bush. The bailout is also encouraged by the leftist’s guru, George Soros, who owns more than 65 million dollars investments in Halliburton. Spare me your BS, the far left is just as corrupt as the far right wing.

Will
12 years ago

“What is more important than passing a bailout?”
To a politician without scruples, that would be covering your rear end.

OldTimeLefty
12 years ago

Jenny,
What far Left? If we had far left representation we would:

1. Have established normalized relations with Cuba,
2. Have established diplomatic missions in Iran,
3. Have insisted that Israel be confined to its pre 1956 borders,
4. Have a single payer health insurance system in place,
5. Have CEO compensation pegged as a multiple of the minimum wage, etc.

OldTimeLefty

bobc
bobc
12 years ago

What far Left? If we had far left representation we would:
OTL,
Of course we have far left representation, they’re just considered normal in your far left mind. If Nancy Pelosi isn’t far left then please give me an example.

OldTimeLefty
12 years ago

bobc,
Pelosi is a centrist. If she were a true Leftist she would be pushing for:
1. Normalized relations with Cuba,
2. Diplomatic missions in Iran,
3. Confining Israel to its pre 1956 borders,
4. A single payer health insurance system.
5. Having CEO compensation pegged as a multiple of the minimum wage, etc.
She proposes or stands for none of these things, that is why I say she is a Centrist.
Now it’s your turn to tell me why you say she is a far out Leftist, otherwise you are just blowing smoke. As I tell all grandstanders, “What you freely assert, I just as freely deny”
OldTimeLefty

bobc
bobc
12 years ago

Now it’s your turn to tell me why you say she is a far out Leftist, otherwise you are just blowing smoke. As I tell all grandstanders, “What you freely assert, I just as freely deny” OldTimeLefty Grandstanding…….. Grandstanding………, Grandstanding………, Hmmmmm, I’ll have to mull that over a bit. As for your laundry list…. 1.) April 25, 2008 Havana (ACN) – The speaker of the US House of Representatives Nancy Pelosi said the US economic blockade of Cuba “has failed and should be lifted.” 2.) THURSDAY, MAY 29, 2008 Nancy Pelosi proudly declares Iran has agreed to a 25% reduction in the terror-bomb murdering of our troops. She says she hopes that further “goodwill” from Iran might result in 33% reductions in the “near future.” “”With further careful diplomacy,” she says, “it could be that only 15-25 American troops are being murdered by our Iranian friends per month.” url http://www.sfgate.com/cgi-bin/blogs/sfgate/detail?blogid=5&entry_id=26858#comments She refers to our “Iranian friends”, can diplomatic missions be that far away? 3.) You are correct on this point. Although I’m certainly not convinced that not supporting pre-1956 borders for Israel disqualifies someone from being a Liberal Left. 4.) ON THIS NANCY PELOSI SPEAKS OUT OF BOTH SIDES OF HER MOUTH. SHE CLAIMS SHE SUPPORTS IT BUT HER ACTIONS DON’T. 5.) Although SHE DOESN’T STATE IT THE SAME WAY AS YOU PUT IT, SHE IS IN FAVOR OF LIMITING CEO COMPENSATION. Now, that takes care of your litmus test. I also have a litmus test that I use to base MY opinion of what a lefty is. 1.) Supports abortion in all its forms, including partial birth abortion. Supports governmental funding of abortion and includes non-notification of parents. OTL what’s farther left than this, a 30 day home trial? 2.) Gay marriage, no OTL it is not a moderate… Read more »

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