Once again Bush shrinks into the background and lets someone else take the responsibility of a catastrophe during his administration. It shows in th
September 21, 2008

Once again Bush shrinks into the background and lets someone else take the responsibility of a catastrophe during his administration. It shows in the polls.

Howie has statements from some of our Blue America candidates on the bail out....

So does Matt Stoller...

Congress cannot let President Paulson have a blank check. We can't be shocked (buy the “The Shock Doctrine”) into something once again...Although Dodd's bill seems to be better overall...

Banking Committee Chairman Christopher Dodd is taking much more aggressive approach to the Treasury bailout plan, demanding foreclosure assistance, limits on executive compensation and profit sharing for taxpayers if the Treasury begins to make money back on the bad debt it plans to purchase.

Dodd's legislation, obtained this morning by Politico, has just started to circulate among Senate legislative directors. His plan addresses many of the concerns raised by Democrats and Republicans who are concerned about handing over $700 billion blank check to Treasury Secretary Henry Paulson.

Part of me wants to let it burn.. Let the credit crisis hit and let Americans see really what it's like to live under Conservative/Milton Friedman rule...Then, being a Conservative would be poison for-evah. OK, that part is wishful thinking...

Can you help us out?

For 17 years we have been exposing Washington lies and untangling media deceit, but now Facebook is drowning us in an ocean of right wing lies. Please give a one-time or recurring donation, or buy a year's subscription for an ad-free experience. Thank you.

Discussion

New Commenting System

Our comments are now powered by Insticator. In order to comment you will need to create an Insticator account. The process is quick and simple. When registering you will also be presented with the option to tie all your old Disqus comments to your new Insticator account. Please note that the ability to comment with a C&L site account is no longer available.

We welcome relevant, respectful comments. Any comments that are sexist or in any other way deemed hateful by our staff will be deleted and constitute grounds for a ban from posting on the site. Please refer to our Terms of Service (revised 3/17/2016) for information on our posting policy.