Tuesday, September 30, 2008

It’s Okay, You Can Smile

I don’t know if you know, but we had a big win yesterday. The citizens of America won.

I give you permission: be happy.

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Two-thirds of Republicans – and a surprisingly big chunk of Democrats – showed up to represent the interests of the American people, in spite of the psychological warfare engaged by leadership in both parties. Bush put pressure on the Congress to support the bill against his “natural instincts” for a free market economy. Reid and Frank pounded all weekend that “a deal had been reached, the bill is going forward,” so vote for the bill so you don’t get left out. Pelosi got up right before the vote in a last-ditch effort to intimidate members of Congress to just go with the flow, save the world, vote for the bailout or we’ll slash your tires.

It didn’t work. None of it worked. You know why?

Because of you. You, the voters, contacted your Congressmen and told them that you weren’t going to put up with the government pouring out your tax money to bailout their friends. You saved our country from the worst massive tax expenditure in recent history. You did this. Celebrate.

And don’t buy the hype. They told us the economy would break if the bill didn’t pass, and are already citing yesterday’s DOW drop as proof. But it’s not true. The Dow dropped 600 of those 777 points while they were still debating – before the vote was even taken. And the drop yesterday didn’t even crack the top-ten largest percentage drops in the history of the world.

And – the Dow is already up 200 points again this morning.

We’re still here. We’re okay.

The war of accountability between the people of America and the government that represents them will never be over. But we won the most recent battle. Enjoy it. We have another battle coming up. The Senate vote is tomorrow. Contact your Senators with the same fury with which you contacted your Congressmen. It worked before, it will work again.

And yes, there are turncoat members of Congress that we now have to deal with. That’s okay. We’ve had to do that before, we’ll do it again. And we will not only survive, we will thrive.

We won. Celebrate it. Enjoy it. Be motivated. This is proof that the American way really works, that it still works. That we are still living in the greatest country on the face of the earth.


BC said...

The proponents of the bailout bill keep saying that we need to capitalize the markets as we in such trouble. I don't get it.

I can walk into a car dealership and buy a car on credit. I can even purchase a house on credit. House deals are closing (at a slow rate) every day. Where is all that money coming from?

There's plenty of credit available to those who are credit worthy. Those who are bad credit risks cannot buy a car with an upside down trade-in. People with bad credit and no down payment can't buy a house. It sounds like we've arrived at where we should have been. No need to spend $700 billion.

amos said...

not surprising about the democrats.
the democrats aren't interested in markets.
in fact, every CEO of the Fortune 500 companies (including your large banks) is republican... isn't that a very interesting fact? i wonder why that is.
think on it.

PM said...

That's a fact, is it? You wouldn't happen to have a source to back that up? And even so, I'm not really seeing what your point is, unless it's that Republicans tend to have more sound financial practices. Even still, don't really see the connection.

amos said...

which tells you all about the Business Roundtable, and its alignment to conservative policies.
Here's a list of their members:

All the members of this group are part of the Fortune 500. (Compare the list of the Roundtable to the list here http://money.cnn.com/magazines/fortune/fortune500/2008/ceos/

Interestingly enough, they are huge into lobbying http://query.nytimes.com/gst/fullpage.html?res=9D02E1D61F3AF935A35755C0A9649C8B63

We both know that lobbying is a nice way of saying persuading.This is a very handy academic explanation on how this is problematic:

For further enlightenment, please read The New Class System: Goodbye American Dream?

I choose not to stand on a pulpit, because if you are like me (and chances are... you are), you probably won't respond well if someone tells you about x,y, and z. You have read the facts and come to your own opinion. I respect that. Just read, research, and get back to me.

kim said...

if what amos says is true, then wouldn't it be a little suspicious that republican CEOs are asking for these huge breaks? ones who are supposed to be for "sound financial practices", as you say?
and isn't it the top 1% of american population subject to huge tax breaks enforced by our great president of the republican persuasion, George W Bush?

fishy, fishy, fishy

BC said...

So all the members of a roundtable are part of the Fortune 500....that needs further analysis. The Fortune 500 companies employ an awful lot of people. There's little doubt that there are plenty of people involved in both left wing, right wing, conspiracy, and whatever kind of group you want with a cross section as big as "part of the Fortune 500."