BUSHCO Admits They Have Been SITTING On This - So-Called Emergency Bail-Out Plan - "FOR MONTHS"

Bush Mouthpiece Admits: They’ve Been Sitting on this Plan
By: emptywheel Tuesday September 23, 2008 8:57 am

Did they simply not tell us about their fuck-up so they could spring the $700,000,000,000 surprise on us on a Friday and demand results by Monday? The Shock Doctrine at work!

Hidden in an article reporting that Cheney's going to go hunt up some support for the $700,000,000,000 bailout is this admission that the Bush Administration has been sitting on it for some time:



http://www.rollcall.com/news/28599-1.html?type=printer_friendly

Maybe China can bail them out.

:bounce: China knows exactly how to treat criminals like this.

:P

Must not be any need for urgency. LMAO!

If stocks are up this morning. The DJIA is up about 2 points, not great but better than opening down. So if stocks are up, it indicates this supposed crisis is simply a mental crisis. It is all in the heads of the CEOs and former CEOs of Goldman Sachs and company. If stocks can open up, then all that has to be done is say that Congress is doing something, then Congress merely does NOTHING and stocks will open up every morning.

Like Phil the pill, and McInsane's chief economic adviser, said they are just whiners. The crisis is all in their heads.

They don't need a bailout!!!!!!

Let them alone. They'll be fine.

We wont be fine but then we are going to suffer even with the ridiculous bailout.

by design

multiple eternities suffering.

.

Let the companies whining for a bailout die in a fire. Repeat. Rinse and repeat. Repeat and rinse.

Hawkeye-X

I didn't realize how accurate a description that was until I read this. Thanks kpete!

The Patriot Act hysteria revisited.

Dump it on Friday, demand action - without hearings - by Monday and then sit back and smirk because, once again, you pulled a big fat one over on the voters.

Fucking thugs.

Is Fratto going to turn out to be the new Alexander Butterfield, I wonder?

with eyes wide open. gawd i'm tired of them.

I don't think enough people heard it..

Maybe they can reallocate a few of their resources?

I'd rather put it all in the hands of Habitat for Humanity.
http://www.habitat.org/

Now that would be an investment!

There are thousands of better ways to help the economy than by giving federal money to investment banks for their worst products.

10 to 20....

Here is the Senate in a handy little page

http://democrats.senate.gov/members/

just waiting for 9/11.

Same shit, different bag.

Investment banks hold good investments, except for their bad investments. Therefore, the government should pay cash-for-their-trash, according to Tony Fratto.

I want the investment banks to use their good investments to recover without a bailout.

This is PLAN B

JCMach1 - looks like you have been paying attention.

peace, kp

Paul Bremer had the Patriot Act ready to go.

Isn't that a coincidence?

all part of the plan.

It was reported last week they had been consulting the central banks of Nordic Countries allready last autumn.

this is happening right before our eyes. Please let the Dems listen to us and not lead us into this hell hole without some protections.

I can't get to this article from the RollCall home page without subscribing, at a rather substantial cost.

...for staying on top of things and finding these gems.

I used this as my talking point this morning with my Senators, my Representative and Nancy Pelosi.

If the White House has sat on this for months -- all the while saying that the "fundamentals are sound" -- then I say, what emergency? This is an attempt to railroad Congress and the taxpayers, pure and simple. Time for some tough love. Just say no!

Time to dust off our copies of PNAC. Study hard, there will be a quiz! this needs to go VIRAL. I just e-mailed it to Rachel.

alleged crisis on us when congress was out of session could they??

and only came up with 3 pages? I'd get my ass fired if that's all I could come up with given that amount of time. So basically, all it said, in green crayon and monkey scribble was "Give haNk $700billiun, and oh yEah, no ovursitedness iz requered fer this.....W"

:eyes:

The Rethugs time these things with FEAR & Pressure!

Kpete, I sent this to Rachel Maddow earlier. Don't know if she already had the article, but she did talk about it and attributed to rollcall. Thanks for posting this. God, I hate these people-nastier than pond scum!

nothing to ward off this even greater disaster? Makes me sick. In these past few months, how many people lost their homes while Washington sat on its' backside and did nothing?

How many more dollars were made by exec's at our expense? Could we have a group of people any more incompetent in Washington now? A few days to review and OK the biggest bail out in American history?
I demand as a voting American, that my government review all options before giving any of my hard earned money to these charlatans.

...they're trying to accumulate their getaway funds for next January.

and these bastards had this in the works for MONTHS--just one more shock and awe episode to finish off with their lotting of the US. I'd like to tell the BFEE to go stick up their collective asses :argh: :grr:

WTF? No it's not enough. This needs to stop. We need to put the brakes on this. We are being taken for a ride with the fear high pressure sales pitch. Enough. Please, everyone, keep pushing.

You can send a message through
www.congress.org
or
http://www.democrats.com/stop-paulsons-plunder

For the rightwing lurkers out there, use this:
http://capwiz.com/sicminc/issues/alert/?alertid=1195450 ...

It feels a lot like being consoled by the uncle who just molested you.

If they want tax payers to foot this bill take it from the top 1 and 2% of this country who can afford it!

:grr:

and leave the rest of us out of it. The rich can fight it out amongst themselves. If, as we keep hearing, this is a crisis on the magnitude of that which led to the Great Depression, we should use the same type of solution they did back then. Raising the top tax rate on the richest .1% to 90% sounds about right. The top 1% can kick in a few extra bucks too.

Why is no Dem anywhere in Congress even mentioning this? Bernie Sanders wants a tax surcharge of 10% on individuals making over $500,000 and couples making over $1,000,000 but even that would only raise an estimated $300B. He's on the right track but the rate needs to be raised so they pay for the whole damn thing. The Dems need to get on board and make sure that any bailout bill that gets passed is paid for entirely by the rich bastards that caused this mess in the first place.

The rightwing republican plan to destroy all government by draining the American taxpayers resources has been in progress throughout the Bush presidency. Their attempt will be near completion with this bailout. After which the republican cries for the elimination of social security, medicare, housing, etc.. will begin in the vein that we can't afford them anymore.

:mad:

and their bailout. They have been in waiting to hi-jack the taxpayers for months.

I called all three of mine this morning!

I also called for Paulson's resignation or at the very least, that he divest himself of his Goldman Sachs assets.

No notice for a trillion dollar bailout with no oversight (and probably won't work)? They knew the house was on fire and saved themselves
but rang no alarm, even for congress? Now they yell fire! to create a panic so their friends can loot?
That's finally enough for me,

I DARE TO CALL IT TREASON.


“Treason doth never prosper: what's the reason? Why if it prosper, none dare call it treason.” Ovid

Looks like they wanted him off the Ways and Means Committee before they moved forward with the looting.
Make no mistake, when it comes to Wall Street vs. Main Street the NYT favors the former.

You rock.

And they waited until the last week of the Congressional session before the election to force fuck it through.

What the hell is wrong with you.Arwe you mad yet that youve been lied to and used and lost what you loved so dearly for this man's schemes. Bush says he's having a fine life, sleeps good every night. Has your pride kept you in denial? Impeach hell I think they should be in prison forever.

He played an audio of Bush saying they were going to put home ownership in the hands of poor people and minorities couple of years ago. Thom says BushCo were planning for this collapse to happen in the next administration to either a Democrat or John McCain whom Bush doesn't like. Either would get the blame.

... as much as Bush had no economic recovery plan other than to turbo-charge the housing industry way beyond what market fundamentals would have otherwise allowed. Without the war and the housing bubble, we'd have had no positive economic numbers for the entire duration of Bush's Presidency.

Like with everything else associated with Bush, I don't buy the master evil plan theories as much as those that attribute the disasters as the consequences of Bush's actions being exceedingly uninformed and short-sighted. Everything Bush does is geared around short-term political maneuvering.

when I talked to the experts and.....
I took Bold Action!



what utter bullshit.

pardon me but, really -- FUCK THAT SHIT.