Well, it appears that a deal might be close on the big bailout plan. Of course, they said that same thing yesterday, but once they got behind closed-doors to negotiate:
"The White House meeting -- attended by McCain, Democratic rival Sen. Barack Obama, President George W. Bush and lawmakers from both parties -- "devolved into a contentious shouting match," according to a statement from the McCain campaign."
"The White House meeting -- attended by McCain, Democratic rival Sen. Barack Obama, President George W. Bush and lawmakers from both parties -- "devolved into a contentious shouting match," according to a statement from the McCain campaign."
Read more from CNN
I can't say that I am too surprised by this. Our elected officials have finally detected that our economy is in a state of crisis and end up shouting at each other like a bunch of bitchy little third graders. This is not really much of a surprise, since both sides refuse to recognize that even a single good idea can come from the other party. Even the ones that say they will work across party lines are frequently doing nothing more than paying lip service to the idea of bipartisanship.
Both sides are too cowardly to agree on and pass a bill which is sure to piss off the American taxpayers. If you help out people that have borrowed more than they can afford, then you offend all the taxpayers that have borrowed responsibly. If you bail out the large companies and allow CEO's to leave their companies with their fortunes intact, you piss off the taxpayers that are left to bail that company out. If you don't limit the pay of CEO's of companies participating in the bailout, again, more pissed off people.
In the meantime, the bickering will continue with Republicans blaming Democrats for making unreasonable demands and with Democrats blaming Republicans for making unreasonable demands.
All this time, the American economy will be slowly sinking in the quicksand while our elected officials stand beside the pit holding a life line, arguing about whether the life line should be tied tightly around the American taxpayer's neck or whether it should be tied tightly around the American taxpayer's testicles.
Both sides are too cowardly to agree on and pass a bill which is sure to piss off the American taxpayers. If you help out people that have borrowed more than they can afford, then you offend all the taxpayers that have borrowed responsibly. If you bail out the large companies and allow CEO's to leave their companies with their fortunes intact, you piss off the taxpayers that are left to bail that company out. If you don't limit the pay of CEO's of companies participating in the bailout, again, more pissed off people.
In the meantime, the bickering will continue with Republicans blaming Democrats for making unreasonable demands and with Democrats blaming Republicans for making unreasonable demands.
All this time, the American economy will be slowly sinking in the quicksand while our elected officials stand beside the pit holding a life line, arguing about whether the life line should be tied tightly around the American taxpayer's neck or whether it should be tied tightly around the American taxpayer's testicles.
1 comment:
I'm hoping nothing gets passed and nobody gets bailed out. Let the bickering continue forever and the chips fall where they may.
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