heretic on 25/9/2008 at 17:14
I don't either. Maybe because by all appearances, there is no logic to be found. The market dropped and Mccain balked is how it looks, regardless of the true machinations. Even if Clinton (Bill) was right about the delay being done in good faith the Mccain camp should have known that this would appear as weakness, and it's not like they have much room for error on either side.
paloalto90 on 25/9/2008 at 20:00
Lambs to the slaughter.
Quote:
Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency." Translation: the Secretary can buy up whatever junk debt he wants to, burden the American people with it, and be subject to no one in the process.
The Act of course is the bail out bill they want to pass through.
heretic on 25/9/2008 at 21:23
Now all that's left is appointing a horse to the Senate.
jay pettitt on 25/9/2008 at 23:22
A day later, now that a bail out deal is effectively signed off on, McCain is surely left looking silly. Or at least sillier.
Also, congratulations US members of TTLG on buying ~$350billion dollars worth of bad debts that no one else wants to touch for the princely sum of $700billion. I bet you didn't even realise you had $2000 each spare.
paloalto90 on 25/9/2008 at 23:38
Why does he look silly?He had a pow wow with Bush and Obama as a sign of unity for the Bill.
Gingerbread Man on 26/9/2008 at 00:15
Quote Posted by jay pettitt
~$350billion dollars worth of bad debts that no one else wants to touch for the princely sum of $700billion.
Man, after the first couple trillion you just stop counting.
Stitch on 26/9/2008 at 00:24
Quote Posted by paloalto90
Why does he look silly?
Because he overreacted to bad polls and injected politics into a process that was going along just fine without his intervention.
Not even Republicans are amused by this poorly-received stunt.
Gryzemuis on 26/9/2008 at 00:29
Quote Posted by Gingerbread Man
Man, after the first couple trillion you just stop counting.
So do the politicians.
Do you wonder how they came to the number of $700B ?
(
http://www.236.com/news/2008/09/25/todays_quote_thursday_septembe_2_9141.php)
“It’s not based on any particular data point,” a Treasury spokeswoman told Forbes.com Tuesday. “We just wanted to choose a really large number.”
Starrfall on 26/9/2008 at 00:30
Quote Posted by paloalto90
Why does he look silly?
A man who's missed about 6 months of votes in the senate and said he doesn't know much about the economy rushing off to Washington in a panic to "fix the economy."
How does that not look silly?
BEAR on 26/9/2008 at 01:34
In other news, just watched the Palin/Couric interview. Man, that was painful. I can see they are going to be really nervous about the vice-presidential debates (if they don't refuse to do them outright).
This just keeps getting better and better, its depressing that they are guaranteed 40% of the vote no matter how awful they are.
