The Bailout

Ok, so as we all know, the bailout bill for Wall-Street failed yesterday in uber-dramatic fashion. And of course, blame has been flying around from both sides of the aisle. Republicans blame democrats for bringing partisan bitterness into the fold, and Dems blame the republicans for not going through with there words and failing to secure the votes needed to pass the bill. Personally, I didn't like the bill, to many weird stipulations and not enough regulation of the party that would be in control of dealing with over 700 billion dollars. That's how we got into to this mess. No regulation, nor foresight into how badly things can go, no control. BUT the economy is literally bleeding to death, and something needed to be down. It's like getting your arm caught in a bear trap, would you rather bleed to death and die in excruciating pain, or have someone cut your arm off and live for another day? The fact of the matter is, both sides screwed up, and I was very pleased to hear Obama blasting both Dems and Repubs for the petty partisanship bickering. It's like two kids on a playground who would rather die than get along, if only for a few hours. Pelosi should have waited before she laid into the Bush administration, and republicans should have kept their word and supported the bill that their president proposed. But, and it didn't really come as a suprise to me, McCain found a way to back track on comments he made before the bill was shot that he went to Washington and saved the day while Obama sat on the sidelines. After the bill died, he actually BLAMED Obama for not showing leadership in the democratic party. Accused him of not doing enough to ensure that the bill passed.

Well, first of all, it was not the democrats fault that the bill failed, that rest at the feet of the republicans. They promised to get the votes. McCain made a big deal about how he was able to persuade many who where against to vote for it. They didn't get the votes. McCain didn't persuade as many as he thought, and once again the republicans showed they can dish it blows without conscience, but they cannot take it. Yes, Pelosi's words where polarizing, but what did they expect, BUSH HAS RUN THIS COUNTRY INTO THE GROUND! And you cannot place the blame on congress, they may be a "do-nothing" congress, but that isn't why we're going to be trillions in debts and thousands of jobs leave our shores on a daily basis. That sits directly in the Bush administrations lap. Ill conceived war, massive deregulation, completely dissing the middle and lower classes, tax cuts for the wealthiest Americans (umm Regan-nomics? Didn't work the first time). So, even though Pelosi ripped Bush a couple of new ones, the message behind her words where true.

Second, how can McCain talk about how he helped make this bailout possible, and then when it fails blames Obama for it. Absolutely ridiculous. Take the blame and tell the truth for once McCain, you couldn't rally your party, and instead of taking the high road and admonishing both sides for playing politics, you blame your opponent for something your party didn't do! How is it possible to lie this much during an election? Isn't there a rule against that or something??? And Obama has just come out with a plan to help ensure that those who voted against the bill will have incentive this time aroundt to vote for it. Calm, cool and collected. Sees a situation, gathers ALL of the facts before acting and when he does he makes sure that every avenue, every pittfall is examed. Now that's country first.

I hate the bailout, it's a lifeline for people who screw around with other peoples money in the stupidest ways. But we needed action, if only for a band-aid effect. We needed both canidates to come out and say "Enough bickering kids, we need to work TOGETHER. Country first RIGHT?" One of them did, but the other turned back to the big bully on the palyground, and he's eating crow right now. But if we don't come to a UNIFIED conclusion, we're all going down, and hard....