Tag Archives: Wall Street bailout

The $700 Billion Dollar Question? U.S. House Votes “NO!”

Storm clouds gathered over the Capitol Sunday evening as lawmakers huddled in closed session, trying to reach an agreement on the presidents proposed Wall St. bailout plan

Storm clouds gathered over the Capitol Sunday evening as lawmakers huddled in closed session, trying to reach an agreement on the president's proposed Wall St. bailout plan

HOUSE REJECTS “THE BIG BAILOUT”

BREAKING — Just moments ago, the United States House of Representatives rejected President Bush’s proposed bailout of the country’s financial markets in a vote of 228 to 205.

140 Democrats voted yes on the bailout plan, 133 Republicans voted no.

(See how your Representative voted here.)

Right about now, you might be wondering why so many Democrats fell in line to support this secret plan (secret, that is, to most members of Congress and the American public), and why it was the president’s own party  who took a strong stand against it.

Yeah, we’re kinda wondering that, too.

Maybe these Republicans just woke up and remembered that they are supposed to be fiscal conservatives, after all? That more government and big government is not the answer to our country’s finanicial woes?

WHAT’S THIS? REPUBLICANS PROVING THEY’VE GOT A PAIR?

Rep. Michael Burgess (R-TX) reports from the floor of the House that the Republicans have been cut out of the process and called unpatriotic for not blindly supporting the bailout. He says the only debate has been about what talking points to use on the American people. The most ominous revelation is when he claims the Speaker has declared martial law.

“I have been thrown out of more meetings in this capital in the last 24 hours than I ever thought possible, as a duly elected representative of 825,000 citizens of north Texas.” Said Congressman Burgess.

Burgess asks the Speaker of the House to post the bailout bill on the internet for at least 24 hours instead of passing the largest piece of legislation in US financial history in the “dark of night.”

The most frightening part of Rep. Burgess’ one-minute floor speech is when he says, “Mr. Speaker I understand we are under Martial Law as declared by the speaker last night.”

FLIP, FLOP AND FLY

As for the Democrats, there is absolutely no reasonable explanation for their acquiescence, even aggressive cheerleading for this bill (with a bit of “the sky is falling” fearmongering thrown in for good measure).

Numerous opinion polls taken this week came to wildly varying conclusions about the level of support among Americans for the Bush administration’s $700-billion plan. Some polls showed public support for the bill was at only 5% as of Sunday night. But the increasingly loud roar coming from all corners of the nation shows that the idea of a bailout has touched a particularly sensitive nerve among the public.

According to the Los Angeles Times, a spokesman for Sen. Dianne Feinstein (D-Calif.) said her five offices had doubled staffing to deal with the constantly ringing phones. Through late Thursday, Feinstein’s offices had received a total of 39,180 e-mails, calls and letters on the bailout, with the overwhelming majority of constituents against it. The spokesman said the volume was as great as during the immigration debate and at key points during the war in Iraq. 

Rep. Linda T. Sanchez (D-Lakewood) was also hearing it from her district, which includes parts of the city of Los Angeles and unincorporated L.A. County. “My constituents are telling me loud and clear that they aren’t convinced,” she said in a statement.

Typical of the tone of such contacts, Sanchez’s office said, was a missive from a constituent in Whittier:

“The bailout legislation is being rammed through Congress in a matter of days. This is an illegal power grab by the White House and their richest friends on Wall Street.”

THE PEOPLE AREN’T BUYING IT…SO WHY ARE THE DEMS IN CONGRESS IGNORING US? 

Clearly, the people certainly let their elected reps know how they felt over the weekend. They overwhelmingly instructed their Congresscritters to vote “no” on the bailout bill. So why did so many Democrats choose to flat-out ignore the will of the people? 

The Associated Press reported Saturday that House Democrats backed off the idea of protecting bankrupt homeowners facing foreclosure in the bill. 

Speaker Nancy Pelosi, D-Calif., told Democrats at a closed-door meeting Friday evening the provision would be a deal-breaker for Republicans who she has said must deliver substantial votes for the rescue plan. That’s according to several lawmakers who attended the session.

Democratic presidential nominee Barack Obama had said earlier that the measure didn’t belong in the bailout.

Wait a minute…aren’t the Dems supposed to be the party of Main Street, not Wall Street? So how do we continue to believe all that nice populist rhetoric when it seems this party can’t seem to roll over fast enough for a president they claim to distrust, even despise? What is the moral justification for taking the side of big banks over the millions of ordinary Americans who are losing their homes?

And what’s with the Republicans acting like…Republicans for a change?

If anyone out there can explain this most puzzling phenomena to us, we’re all ears. In the meantime, let’s make it funky now…1, 2, 3….hit it!

James Brown on The Midnight Special, 1974

THE BIG PAYBACK

Words and music by James Brown

Hey!Gotta gotta pay back!! (The big payback)

Revenge!!

I’m mad (The big payback)

Got to get back!

Need some get back!! Pay Back! (The big payback)

That’s it!! Payback!!! Revenge!!!

I’m mad!!

Payback is a thing you gotta see

Brother do any damn thing to me

Sold me out, for chump change (yes you did!!)

Told me that they, they had it all arranged

You handed me down, and thats a fact

Now you’re pumped, You gotta get ready For the big payback!! (the big payback!!)

That’s where I am, the big payback (the big payback!!)

I can do wheelin’, I can do dealin’ (yes you can!!)

 

 

But I don’t do no damn squealin’I can dig rappin’, I’m ready!! I can dig scrappin’

But I can’t dig that backstabbin’ (Oh No!!)

The brother get ready!! Thats a fact!!

Get ready you Mother,

For the big payback (The big Payback!!)

Let me hit ‘em hit’em!! Hey Hey!! WOOOOOOOOOOOO!

Took my money, you got my honey

Don’t want me to see what you doing to me

I got to get back I gotta deal with you!! [x4]

Hey let me tell ya!!

That ain’t right! You hollarin’ and cussin’, you wanna fight!!

Don’t do me no darn favor,

I don’t know karate, but I know KA-RAZY!!!! (yes we do!!)

Get ready thats a fact, Get ready you

Mother for the big payback (the big payback!)

Get ready for the big payback (the big payback!!) Hit ‘em again!!

Get ready I need it, I need a hit again!! Say it once [x2]

Hit ‘em again!! (the big payback!!)

Sold me out for chump change

Said you had it all arranged

Saw me comin’, told a lie

Went down like you wanted to cry

Take your kids and raise them up,

Somebody think I have a right to be tough

Just run those mothers out of town!!

Got to get up!! Got to get up, get out!! [x2]

I’m mad!! I want revenge,

I want revenge (the big payback!!)

I want revenge [x3] (the big payback!!)

Give me those hits!! I want some hits!!

I need those hits, hit me!!

 

 

Click here to DOWNLOAD this MP3 (James-Brown_The-Payback.mp3) !

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Filed under barack obama, election 2008, impeach Bush, media, politics, Uncategorized

Kennedy at Clinton Global Initiative

RFK JR. TO APPEAR AT NYC SESSION TODAY

Bobby Kennedy Jr. is taking part in this year’s New York mega summit for the Clinton Global Initiative. Founded by former President Bill Clinton in 2005, the foundation is a non-partisan catalyst for action that brings together a community of global leaders from various backgrounds to devise and implement innovative solutions to some of the world’s most pressing challenges.

Kennedy will participate in a special session on Friday morning focused on local leadership in our communities. (See full schedule and details below). You can watch this panel discussion live on the Clinton Global Initiative website as it happens. An archived broadcast should be available within 24 hours.

DETAILS: 

Friday 9/26/08, 10:30 A.M. – 11:30 A.M.
New York West

Working Session 5: Local Leadership explores the emergence around the world of leadership from the ground up regarding climate change. From mayors to governors to civic groups to developers, local leaders are not waiting for national governments to act. These efforts are already delivering substantial emissions reductions and promise more progress for years to come. With roughly half the world’s population living in urban areas and the urban population expected to grow by more than 500 million people in the decades ahead, these programs are critical to the fight against global warming. This session will explore innovative ways that local leaders in all sectors can improve quality of life while combating climate change.

Program Participants:

Betrand Delanoë, Mayor, City of Paris
José María Figueres Olsen, Former President of the Republic of Costa Rica; Concordia 21, Grupo Felipe IV
Robert F. Kennedy, Jr., Chairman, Waterkeeper Alliance; Senior Attorney, NRDC
Xiaoyi (Sheri) Liao, President, Global Village of Beijing
Bill White, Mayor, City of Houston

THAT’S THE WAY THE COUNTRY CRUMBLES

After suspending his presidential campaign on Wednesday to devote all his time and energy to solving the country’s financial crisis (pissing off David Letterman in the process with a last-minute cancellation), senator John McCain somehow miraculously managed to slip away from Washington to address the conference in person. Whether or not he will find the time in his busy schedule to actually attend tonight’s first presidential debate at Ol’ Miss in Oxford, Mississippi, still remains to be seen.

Senator Barack Obama also addressed the Clinton Global Initiative on Thursday via satellite, then headed back to Washington to join senator McCain at a special White House “leadership” meeting (whatever that means) with President Bush (wait a minute…this is a “leadership” meeting? Run that by me again?) called to address the Wall St. bailout plan.

Well, it’s nice to hear all of our elected ahem, leaders are having such a wonderful time in Manhattan and D.C. this week, but meanwhile…Rome is burning…and all we can hear is the sound of a fiddle playing.

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Filed under barack obama, climate change, election 2008, environment, global warming, hillary clinton, impeach Bush, media, politics, RFK Jr., robert kennedy jr., the kennedys, Uncategorized