Comments on: Guest Post: The Inside-the-Beltway Take on the Bailout Bill http://www.nakedcapitalism.com/2008/09/guest-post-inside-beltway-take-on.html Mon, 23 Nov 2009 02:08:55 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Richard Kline http://www.nakedcapitalism.com/2008/09/guest-post-inside-beltway-take-on.html#comment-17169 Richard Kline Thu, 25 Sep 2008 08:10:00 +0000 http://www.nakedcapitalism.com/2008/09/guest-post-the-inside-the-beltway-take-on-the-bailout-bill/#comment-17169 Ho Lune! Thanks for the roughout on the probable process here. I figured that this bill would be a coordinated effort, though I didn't emphasize that. The point of my urging was more that we pinch the tap end of the hose rather than the nozzle end, at least as the best way to choke off the worst. And your comment on this being doen in BankingCom is a telling one I hadn't put my head around. I didn't expect Congress to pay for this, but going through Banking will surely expedite the effort, which in this context is bad. *blecchh*<br/><br/>I much agree with you that the only public pressure Congressfolk _really_ care about is that from district constitutents. Still, the more that the noise is "NO," the more that may color their thinking. One can only hope. Ho Lune! Thanks for the roughout on the probable process here. I figured that this bill would be a coordinated effort, though I didn’t emphasize that. The point of my urging was more that we pinch the tap end of the hose rather than the nozzle end, at least as the best way to choke off the worst. And your comment on this being doen in BankingCom is a telling one I hadn’t put my head around. I didn’t expect Congress to pay for this, but going through Banking will surely expedite the effort, which in this context is bad. *blecchh*

I much agree with you that the only public pressure Congressfolk _really_ care about is that from district constitutents. Still, the more that the noise is “NO,” the more that may color their thinking. One can only hope.

]]> By: Anonymous http://www.nakedcapitalism.com/2008/09/guest-post-inside-beltway-take-on.html#comment-17085 Anonymous Wed, 24 Sep 2008 23:02:00 +0000 http://www.nakedcapitalism.com/2008/09/guest-post-the-inside-the-beltway-take-on-the-bailout-bill/#comment-17085 Hey eh, thanks for the link to an Yves bio. And thanks Yves, for this great blog.<br/><br/>It's just that ... it puts a different, rather provocative spin on the name of this blog, "naked capitalism."<br/><br/>Sorry. Carry on! Hey eh, thanks for the link to an Yves bio. And thanks Yves, for this great blog.

It’s just that … it puts a different, rather provocative spin on the name of this blog, “naked capitalism.”

Sorry. Carry on!

]]> By: Dave Raithel http://www.nakedcapitalism.com/2008/09/guest-post-inside-beltway-take-on.html#comment-17046 Dave Raithel Wed, 24 Sep 2008 20:26:00 +0000 http://www.nakedcapitalism.com/2008/09/guest-post-the-inside-the-beltway-take-on-the-bailout-bill/#comment-17046 Anonymous of 2:08 pm EST pretty much beat me to the punch, though since I post non-anonymously, I can't afford being so specific. But I can safely say that the RSC "ridicule" proves either their ignorance or their cynicism - everybody who follows blogs like those knows that regardless of what nominal rates may be, effective tax rates on corporations are trivial. Mike Pence's "I'm at a car lot" banality illustrates for what Sarah Palin was picked.<br/><br/>Mind you, I hate the rich, I have no friends in finance or on Wall Street - but I cannot ignore that too many other people of all other political ilk are convinced that if something ain't done, then even something worse is going to happen. So I'm with the "whatever else the details, taxpayers get equity and CEO's get reamed and mortages are fixed" school of thought.<br/><br/>As to the above inquiry re Ron Paul - he was in fact on CNN Sunday morning, he's of the opinion that nothing should be done on his expectation that in a "rough year" things will be otay...<br/><br/>In all this, there are two very distinct considerations that get conflated - the causal, and the moral. I guess one's moral position on this (no more moral hazards...) could be: what happens no matter how bad it will be will be right. If I thought that the natural disposition of Americans these days was anti-fascist, I might be persuaded. People who want to gamble with economic collapse yielding progressive outcomes are braver than I am... Anonymous of 2:08 pm EST pretty much beat me to the punch, though since I post non-anonymously, I can’t afford being so specific. But I can safely say that the RSC “ridicule” proves either their ignorance or their cynicism – everybody who follows blogs like those knows that regardless of what nominal rates may be, effective tax rates on corporations are trivial. Mike Pence’s “I’m at a car lot” banality illustrates for what Sarah Palin was picked.

Mind you, I hate the rich, I have no friends in finance or on Wall Street – but I cannot ignore that too many other people of all other political ilk are convinced that if something ain’t done, then even something worse is going to happen. So I’m with the “whatever else the details, taxpayers get equity and CEO’s get reamed and mortages are fixed” school of thought.

As to the above inquiry re Ron Paul – he was in fact on CNN Sunday morning, he’s of the opinion that nothing should be done on his expectation that in a “rough year” things will be otay…

In all this, there are two very distinct considerations that get conflated – the causal, and the moral. I guess one’s moral position on this (no more moral hazards…) could be: what happens no matter how bad it will be will be right. If I thought that the natural disposition of Americans these days was anti-fascist, I might be persuaded. People who want to gamble with economic collapse yielding progressive outcomes are braver than I am…

]]> By: Anonymous http://www.nakedcapitalism.com/2008/09/guest-post-inside-beltway-take-on.html#comment-17021 Anonymous Wed, 24 Sep 2008 18:08:00 +0000 http://www.nakedcapitalism.com/2008/09/guest-post-the-inside-the-beltway-take-on-the-bailout-bill/#comment-17021 <i>Members of the conservative Republican Study Committee ridiculed the bailout and argued instead for a cut in corporate tax rates and the suspension of the capital gains tax.<br/></i><br/><br/>Doesn't this prove that the Congressional Republican Party needs to be taken out, blindfolded, and then shot, one by one, on the National Mall before a vast crowd of citizens, with nice picnic areas and big screen TVs so that regular folks can laugh and party while watching the action?<br/><br/>That's after the ones in the White House are hung. Members of the conservative Republican Study Committee ridiculed the bailout and argued instead for a cut in corporate tax rates and the suspension of the capital gains tax.

Doesn’t this prove that the Congressional Republican Party needs to be taken out, blindfolded, and then shot, one by one, on the National Mall before a vast crowd of citizens, with nice picnic areas and big screen TVs so that regular folks can laugh and party while watching the action?

That’s after the ones in the White House are hung.

]]> By: donna http://www.nakedcapitalism.com/2008/09/guest-post-inside-beltway-take-on.html#comment-16995 donna Wed, 24 Sep 2008 15:47:00 +0000 http://www.nakedcapitalism.com/2008/09/guest-post-the-inside-the-beltway-take-on-the-bailout-bill/#comment-16995 The concern in the liberal blogosphere is that Dems pass this, and then Reps use it to run against them. <br/><br/>It's not a TARP, it's a TRAP!<br/><br/>;^) The concern in the liberal blogosphere is that Dems pass this, and then Reps use it to run against them.

It’s not a TARP, it’s a TRAP!

;^)

]]> By: Anonymous http://www.nakedcapitalism.com/2008/09/guest-post-inside-beltway-take-on.html#comment-16992 Anonymous Wed, 24 Sep 2008 15:29:00 +0000 http://www.nakedcapitalism.com/2008/09/guest-post-the-inside-the-beltway-take-on-the-bailout-bill/#comment-16992 Not only a Repuke bailout plan, but also a Repuke first sledgehammer a hole in the bottom of the boat plan. <br/><br/>The Alpha and Omega of disaster capitalism. Not only a Repuke bailout plan, but also a Repuke first sledgehammer a hole in the bottom of the boat plan.

The Alpha and Omega of disaster capitalism.

]]> By: Anonymous http://www.nakedcapitalism.com/2008/09/guest-post-inside-beltway-take-on.html#comment-16990 Anonymous Wed, 24 Sep 2008 15:27:00 +0000 http://www.nakedcapitalism.com/2008/09/guest-post-the-inside-the-beltway-take-on-the-bailout-bill/#comment-16990 For all the outrage being expressed, especially by the Republicans, where is the admission that Ron Paul has been predicting just such a scenario for years. I don't see the press, Republican legislators, or anyone else, asking him for his wisdom on the subject. He embodies the opposition to these kinds of outrageous political machinations that the Republicans are screaming about. The Republicans should be having a V8 moment - we could have nominated Ron Paul. For all the outrage being expressed, especially by the Republicans, where is the admission that Ron Paul has been predicting just such a scenario for years. I don’t see the press, Republican legislators, or anyone else, asking him for his wisdom on the subject. He embodies the opposition to these kinds of outrageous political machinations that the Republicans are screaming about. The Republicans should be having a V8 moment – we could have nominated Ron Paul.

]]> By: Anonymous http://www.nakedcapitalism.com/2008/09/guest-post-inside-beltway-take-on.html#comment-16981 Anonymous Wed, 24 Sep 2008 14:58:00 +0000 http://www.nakedcapitalism.com/2008/09/guest-post-the-inside-the-beltway-take-on-the-bailout-bill/#comment-16981 Thank you anon at 10:40. Yes, lots of the Dem leaders are spineless wimps. But this is a REPUKE bailout plan. Blame this on those asswipes.<br/><br/>weinerdog43 Thank you anon at 10:40. Yes, lots of the Dem leaders are spineless wimps. But this is a REPUKE bailout plan. Blame this on those asswipes.

weinerdog43

]]> By: Anonymous http://www.nakedcapitalism.com/2008/09/guest-post-inside-beltway-take-on.html#comment-16976 Anonymous Wed, 24 Sep 2008 14:40:00 +0000 http://www.nakedcapitalism.com/2008/09/guest-post-the-inside-the-beltway-take-on-the-bailout-bill/#comment-16976 At the juncture, anyone who still supports the republican party or their core priciples, standing in witness of what the result of the near complete implementation and execution of those priciples BY republican in near total control of the government has resulted in cannot, in my estimation, be considered a sane, rational person. EVERYTHING that has occured in the last 8 years, up to and including Paulson's attempt to become financial dictator of the US, points to an all out attempt to implement an oligarchic dictatorship. EVERYTHING they have done is in ALIGNMENT with that goal. If that is what you choose to support, they you most surely do not support 'America', it's core priciples, it's constitution, it's declaration of independence or habeaus corpus. Neither are you a patriot or patriotic. <br/><br/>I DETEST how spineless and ineffectual the democrats have become, but it's understandable after 9-11. Who could have anticipated the utter lawless ruthless efficiency of Bush and Cheney and his minions in steamrolling and bludgeoing them into submission.<br/><br/>The Bottom Line remeins, this is a REPUBLICAN ideology and long term plan and it is the REPUBLICANS driving it's implmentation. <br/><br/>ANd that the demonstrable result is massive destruction everywhere on looks and as far as the eye can see. <br/><br/>I was non political and non partisan in 2000. Now, while I don't particularly like the democratic party, I am DEAD SET against the republican party. And anyone who is not, is no longer truly sane. Or is an utterly corrupt greed driven power mad monster. At the juncture, anyone who still supports the republican party or their core priciples, standing in witness of what the result of the near complete implementation and execution of those priciples BY republican in near total control of the government has resulted in cannot, in my estimation, be considered a sane, rational person. EVERYTHING that has occured in the last 8 years, up to and including Paulson’s attempt to become financial dictator of the US, points to an all out attempt to implement an oligarchic dictatorship. EVERYTHING they have done is in ALIGNMENT with that goal. If that is what you choose to support, they you most surely do not support ‘America’, it’s core priciples, it’s constitution, it’s declaration of independence or habeaus corpus. Neither are you a patriot or patriotic.

I DETEST how spineless and ineffectual the democrats have become, but it’s understandable after 9-11. Who could have anticipated the utter lawless ruthless efficiency of Bush and Cheney and his minions in steamrolling and bludgeoing them into submission.

The Bottom Line remeins, this is a REPUBLICAN ideology and long term plan and it is the REPUBLICANS driving it’s implmentation.

ANd that the demonstrable result is massive destruction everywhere on looks and as far as the eye can see.

I was non political and non partisan in 2000. Now, while I don’t particularly like the democratic party, I am DEAD SET against the republican party. And anyone who is not, is no longer truly sane. Or is an utterly corrupt greed driven power mad monster.

]]> By: VoiceFromTheWilderness http://www.nakedcapitalism.com/2008/09/guest-post-inside-beltway-take-on.html#comment-16975 VoiceFromTheWilderness Wed, 24 Sep 2008 14:27:00 +0000 http://www.nakedcapitalism.com/2008/09/guest-post-the-inside-the-beltway-take-on-the-bailout-bill/#comment-16975 The Democrats could care less about public blame. They haven't minded the public reaction when they funded a war they promised to end, or failing to enforce oversight provisions, or investigate clear crimes. No it is now well established that the democratic party is tops in ignoring the issues of it's supporters. <br/><br/>The Democratic Party on the other hand has a voting record that is daily getting stronger in support of the interests of massive corporations. The idea that there are two parties in this country has been false for almost half a century, but it has gotten extremely false since Clinton. (the reason the republicans hate Clinton is because he was so conservative he stole their base)<br/><br/>No if democrats 'want a bill', it's because their owners want one, not because of the plebes. The Democrats could care less about public blame. They haven’t minded the public reaction when they funded a war they promised to end, or failing to enforce oversight provisions, or investigate clear crimes. No it is now well established that the democratic party is tops in ignoring the issues of it’s supporters.

The Democratic Party on the other hand has a voting record that is daily getting stronger in support of the interests of massive corporations. The idea that there are two parties in this country has been false for almost half a century, but it has gotten extremely false since Clinton. (the reason the republicans hate Clinton is because he was so conservative he stole their base)

No if democrats ‘want a bill’, it’s because their owners want one, not because of the plebes.

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