Can you guess which candidate for Virginia’s 1st Congressional District said the following on the Wall Street panic bailout?
“I’m totally against it. I haven’t met anybody yet who’s for it.” (Daily Press)
“If we’re talking about buying assets and protecting taxpayers, that’s something I would consider.” (Daily Press)
“We need to approve this thing on its own merit. […]
I must confess that I had no intention of watching last night’s debate. I figured anything new or unusual would be reported afterwards (and indeed, it was - Fox News). Ironically, it was one of my teenage sons who decided the debate would be on our TV screens. As expected, I didn’t see anything I […]
Mark Warner would like us to believe that his record in state politics and that of his opponent Jim Gilmore are far more important than their views on national issues, such as Warners’ panic-driven support for the bailout.
Be careful what you wish for, Mark.
My buddy Tim Watson (I’m Surrounded by Idiots, h/t BVBL) has the […]
In the four months or so that I have posted in this space (as stated below, this was orginially posted on Bloggers 4 Jim Gilmore) , I’d like to think I gave Mark Warner the rough treatment he deserved. I will confess, however, that I was less enthusiastic than most over here about heaping praise […]
You remember him, right? The risk-taker? The fellow willing to throw caution to the wind? The guy who knew the taxpayers of the Commonwealth were taking it on the chin and wouldn’t stand for it anymore?
You know, that Jim Gilmore.
Well, say hello (once again, it’s been a while) to Jim Gilmore, the taxpayer’s best friend […]
Less than one year ago, the 1st District Republicans held a convention to nominate a successor to the late Jo Ann Davis. That convention nominated then-Delegate Rob Wittman. I was not happy. Wittman’s only vote of substance at the time was a vote (actually, three votes) in favor of HB3202, the transporation tax hike of […]
The bailout won 58 more votes this time, a sad commentary on the depth of the panic that gripped Washington since Monday. Kat is beside herself, while Leslie sees a silver lining.
More than two dozen Republicans flipped, among the names I recognized in that bunch were Rodney Frelinghuysen (latest in a long line of Federalist-Whig-Republicans […]
The continuing upload is a bit sluggish, but I’m just interested in the final result, so I’ll manage.
1:11 PM - Yes leads 97-37.
1:13 PM - Yes leads 111-43, more Republicans support than oppose (41-29).
1:15 PM - Yes leads 116-48; party breakdown: Dems 72-18, GOP 44-30.
1:19 PM - Yes leads 164-86; party breakdown: Dems 103-31, GOP […]
Blogger cvllelaw comments on the effects of the Wells Fargo-Wachovia deal (emphasis added):
So what does this have to do with politics?
It may provide a reason for some House members to vote against the bailout proposal.
The hastily-arranged Wachovia-to-Citibank deal last weekend, for $1 a share, would have required $42 billion in FDIC exposure. Now Wells […]
Gallup did a survey of how voters felt about certain players in the bailout debate.
Neither Congressional party did well; John McCain is treading water; and the Audacity of Hype scored big (51% approval, 32% disapproval).
In fact, besides Barry O, only one other “winner” has emerged so far . . .
The members of Congress who voted […]
Leslie Carbone has the gory details.
Will the House stand firm again? I’d like to think so, but I doubt it.
CNN has the details of the revised Bush-Obama-Paulson-Pelosi bailout bill, and outside of an increase in FDIC account coverage (which can and should be passed on its own) and the Alternative Minimum Tax patch (ditto), this bill is hardly different from the one that the House of Representatives wisely sent to the scrap heap on Monday. […]
The Democrat who would be my junior Senator spoke out on the Bush-Obama-Paulson-Pelosi bailout that went down in flames on Monday (Richmond Times-Dispatch). Of course, he spoke in his native tongue (Warnerese) so no one understood him. Time to bring out the translator!
As always, the English version is in bold and italics:
The option was no […]
CNBC has the details (h/t Mary Katherine Ham at the Weekly Standard Blog). It’s a very good list of reforms (albeit not perfect). They are as follows:
Require the Treasury Department to guarantee, at up to 100 percent, bank losses resulting from failed mortgage-backed securities originated prior to the plan’s enactment. Such insurance, supporters say, would […]
OK, I wrote that largely to get your attention, dear reader. That said, it is true, just not for the reason most people think. Thanks to the SEC, something was actually done last night: mark-to-market was junked.
Now, those who oppose the bailout can no longer be tarred as do-nothing troglodytes - because now something very […]
One of the four parts of my plan for the financial markets - and arguably the most important one - has become the new policy of the Securities and Exchange Commission (Washington Post via NRO - The Corner):
The Securities and Exchange Commission and the Financial Accounting Standards Board have just made an announcement that, dry as […]
This is what I’d like every House Republican who voted no to read and take to heart (NRO):
. . . Republicans cannot expect to win sympathy from the electorate merely by playing an obscure insiders’ blame game over who hurt whose feelings. Instead of pointing the finger at the other guy, they should boldly make […]
Clearly, Mark hasn’t caught the fever either (NRO - The Corner):
. . . count me among those few here who want to thank the House Republicans for taking a bold stand against what had been a stampede on a scale I have never before witnessed on matters of huge consequence. Conservatism is more than a quaint […]
I am deeply shocked by the rampant ignorance running throughout elite opinion on the failed bailout. IN particular, the “explanation: for so many nay votes would be laughable if it wasn’t so outrageous.
After the bill sank beneath the waves, John Boehner, Roy Blunt, and Eric Cantor stepped forth to blame Nancy Pelosi for turning off […]
. . . it would be instructive to note the demise of the last one (”global warming”).
From Investor’s Business Daily via NRO - Planet Gore:
The four major agencies tracking Earth’s temperature, including NASA’s Goddard Institute, report that the Earth cooled 0.7 degree Celsius in 2007, the fastest decline in the age of instrumentation, putting us […]
So you think the bailout failure is the end of all things? Are you subsumed by the fever of the panic? Are you seeing the Second Great Depression on the horizon?
Well then, Donald Trump would like to talk to you (Fox News via Mountain Sage):
Oil is going to drop down to nothing . . . […]
I was convinced that Rob Wittman would vote in favor of the bailout. After all, he all but broadcast his intentions. So, I focused my energy on my blog, and truth be told, I assumed my Congressman’s vote was lost.
One can imagine my shock at finding out Wittman had a change of heart and voted […]
Funny, Marsha Blackburn (one of the 228 who shot down the bailout) doesn’t sound ignorant or “irresponsible.” In fact, she sounds perfectly reasonable. I guess this is what happens when you don’t succumb to mass hysteria; those in the throes of the panic can’t understand a word you’re saying.
For those of you not suffering the fever, here […]
You really need to read the whole thing (National Review Online), but here are the juiciest paragraphs from the former House Majority Leader:
Too often, it seems that self-professed small-government conservatives come to this town to fight the good fight. Somehow, we do things we ought not to be doing in order to stay in office […]
OK, his name is not on the legislation, but take a look at what Andy McCarthy found (NRO - The Corner, emphasis in original):
Orwell must be having a good laugh today. Nancy Pelosi yesterday released a summary of the bailout. Under the heading of “Protection for Taxpayers …” Madame Speaker includes this whopper (my italics): The […]
