View Full Version : Sep 2008.Behind Closed Doors, Warnings of Calamity

09-05-2012, 07:00 AM
Flashback. FOUR YEARS AGO!

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"> Gathered in the conference room just off House Speaker Nancy Pelosi's personal suite on the second floor of the Capitol, the Congressional leadership had just received the sobering news Thursday night that America's economy remained in peril despite a series of sudden interventions by the Federal Reserve.

Then the other shoe dropped. Treasury Secretary Henry M. Paulson Jr. told top members of both parties -- about to leave Washington to assail one another in a bitter election season -- that <u>they had no choice but to pull together and quickly pass legislation providing billions of public dollars to take bad assets off the hands of the nation's financial institutions.</u>

''Do you know what you are asking me to do?'' said Senator Harry Reid, the Democratic majority leader who has struggled all year against concerted Republican opposition, according to multiple participants at the Thursday night session. <span style='font-size: 14pt'>''It takes me 48 hours to get the Republicans to agree to flush the toilets around here.'' </span> </div></div>

The Dems say if you want our help there are conditions.

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"> In telephone briefings with lawmakers, Mr. Paulson and the Fed chairman, Ben S. Bernanke, sought to make it clear that the price of doing nothing could be calamitous.

''If we don't get this, it will be nothing short of a disaster for our markets,'' Mr. Bernanke told House Republicans in a conference call Friday, according to a detailed account of the call.

At the same time, Democrats sought to make it clear the final proposal had to take care of the general public as well as Wall Street.

Referring to a phone conversation with President Bush early Friday, Ms. Pelosi said: ''As I told the president this morning, we are committed to quick, bipartisan action while ensuring that we uphold key principles -- <span style='font-size: 14pt'>insulating Main Street from Wall Street and keeping people in their homes</span> by reducing mortgage foreclosures, restoring market confidence and protecting American taxpayers from incurring hundreds of billions of dollars of debt.'' </div></div>

..and the GOP said....

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"> Republicans warned Friday that Democrats should not try to take advantage of the situation, with Representative John A. Boehner of Ohio, the Republican leader, saying the plan has to be kept ''as simple and straightforward as possible.''

''Loading it up to score political points or fit a partisan agenda will only delay the economic stability that families, seniors and small businesses deserve,'' he said. <span style="color: #990000">[ Translation: we don't want to help people because they might vote in future for the guy that helped them.] </span>

Some conservatives who had already raised the alarm over federal intervention in the markets remained deeply skeptical of the plan.

''We are being asked to go 'all in' with taxpayer dollars, and once our government and the taxpayer is on the hook, there is no fallback option,'' said Representative Jeb Hensarling of Texas, chairman of the conservative Republican Study Committee. ''My fear is that taxpayers will be left with the mother of all debts, the federal government becomes the lender and guarantor of last resort and our nation finds itself on the slippery slope to socialism.'' </div></div>

Four years ago, after 8 years of Bush and the neo-cons, the country was on the brink of financial and economic disaster, and still fighting 2 wars that had not been paid for.
The Small Govt Party/'Don't Tread on Me" Party, BEGGED the Dems to BAIL THEM OUT!

Pelosi should have made them sign this.

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">LET IT BE KNOW.

We, the GOP, confess to total incompetence, deception and corruption.
We are not fit to run a sandwich shop, never mind a country. We took a balanced budget,ran it into the ground and created the BIGGEST economic disaster [ that had world wide consequences and still does to this day ] since the Great Depression.

Signed,...a bunch of middle aged white men. </div></div>


Gayle in MD
09-05-2012, 07:57 AM
And some people say I am stupid because I say I will NEVER vote for a Republican.

I've been watching those crooks for decades. They are worse now than ever before.

When I worked on The Hill, it was obvious to me, even back then, as a teenager, who the true crooks were.

Every time I felt uncomfortable in the company of a man, it was always a Republican.

Every time I overheard something that I knew was not on the up and up, it was a Republican.

People who say both parties are the same, are the truly the most stupid, ignorant clones from the zone.


Over the years, I've watched them get more and more corrupt, and outragesouly UNAMERICAN.

At this point, the country is truly hanging in the balance. there is only one way for those hard fought for rights which have been secured over two hundred years, will be safeguarded for future generations, and that is the re-election of President Obama, and Dems back in control, because if we do not overturn Citzens United, and prevent Republican disenfranchisement of Amaerican's right to their vote, we are sunk.