Well the bailout bill is back, only now it’s not a bailout, it’s a rescue. Leading me and others to wonder whom is actually getting saved by what is effectively the same bill, only now it’s pork-flavored - our elected officials now adding all sorts of unrelated spending to “sweeten” the deal.
Here is what some other Christians who blog are saying and thinking on the topic of the bailout, rescue, can-o-spam:
The Thinklings - Fannie And Freddie - Whose Fault Is It Anyway?
Something really must be wrong if Republicans are the ones arguing FOR regulation, and the Democrats are arguing AGAINST it!
The government is on its way.
For God’s Sake, Shut Up! - Rescuing the Bailout
As a result of the bailout bill failing yesterday, John McCain is now recommending that advocates of the bill call it a “rescue” and not a “bailout.” He is correct that framing it that way would probably be more effective … The different words lead us to think about different aspects of the same act. This is an excellent reminder about the importance of thinking about the words we use.
restless reformer - Contact Congress - It’s Easy!
Can you believe what’s happening? Members of the Senate admitted today that the people are opposed to this bailout. One senator noted that emails have been 85-1 against the bill. Time reported recently that phone calls to representative and senators are 100-1 against the bill. But the Senate voted to pass the bill today … So much for the Congress listening to the people … Here you’ll find a letter to cut and paste, and the contact info for all members of the House.
Mark Byron - The Wurst of Times
The old saw is that there are two things you don’t want to see getting made; sausages and laws. I think we’re looking at such an example with the revised version of the mortgage bailout plan. It passed the Senate 74-25, but it had a really odd set of people opposed …
… For the most part, it was both ends against the middle, with quite a few Bible Belt Republicans voting no and quite a few Blue State liberals voting no; when you have Sam Brownback and Bernie Sanders on one side and Mitch McConnel and Barack Obama on the other, something is screwy
from Pursuing Holiness by Laura - It’s the end of the world as we know it, and I feel fine.
So, the world financial system is collapsing (or not) and we’ll have the depression (or not). Is it all an October surprise on the part of the Democrats and the media (but I repeat myself) because they must and WILL have Obama as President? Or a serious crisis that must be addressed immediately? [...]
from The Point by Allen Thornburgh — Progressives Socialized Business Got Us Into This Mess …
…Why should we think that more of the same medicine will get us out?
That’s the fundamental question I’ve been asking about this proposed bailout. Sure, the bailout’s effect on the credit crisis would help in the short term, but is it too much to ask that we make some governmental decisions with the long view in mind? (An outrageous expectation, I know.)
I’m convinced by Amity Shlaes’ argument that the New Deal extended the Great Depression. If nothing else, no one has yet made a solid case for governmental anti-market action producing a healthier market economy. Yes, that sounds simple, and thus — the progressives would have us believe — it cannot possibly be true. Truth is never simple after all. Right?
from Blog and MaBlog - The Wall Street Wastrels
My friend and congressman, Bill Sali, voted against the 700 billionout package, and I would like to spend just a few minutes telling you why I am glad about that. About a third of the Democrats voted against it, and about two thirds of the Republicans did, and a well done to the Republicans thus far.
The PR dunderhead who first floated this “rescue” package created the vivid impression that we were all going to drive down the highway of fiscal irresponsibility, throwing 700 billion pictures of George Washington out the windows of our monetarily loose caravan. To change the metaphor, the idea was created that this enormous bag of money was simply going to be handed over to a singing group called the Wall St. Wastrels. Kiss it bye-bye, everybody.
But what was “obviously” good for the country blew up in their faces
from ScrappleFace by Scott Ott - Obama Steps Up to Solve Financial Crisis
(2008-09-30) — Sen. Barack Obama, D-IL, in an effort to demonstrate the leadership qualities which will make him a great president, today offered his own proposal to defuse the current financial crisis in the wake of yesterday’s failure of the Bush-Pelosi financial-sector bailout plan.
“The House rejected the bailout because folks don’t trust [Treasury Secretary] Hank Paulson — a complete stranger — to manage the distribution of $700 billion in taxpayer money,” said Sen. Obama. “My plan calls for putting in charge of that cash pile someone the people of the world can trust — namely me, Barack Obama.”
