Earth to Dems: Stop Trying to Own The Bailout (Updated)

I’m with Kos:

The American people aren’t happy with this bailout. Democrats are giving McCain a gift by allowing him to be seen as its slayer. Yet Democrats sit there thinking that lining up behind Bush’s proposal will somehow be a political plus.

Yet every challenger across the nation, Democratic and Republican, is running against this thing to public cheers. The tone deafness on this is shocking.

At this point I really don’t know who is more incompetent, the Democratic Leadership or the Bush Administration.

All day Thursday – all frickin’ day – we were treated to one pic after another showing Democratic politicians working feverishly to pass a bailout plan that NOBODY WANTS – except Wall Street Fat Cats, Foreign Loan Sharks, and George W. Bush of course.

First, we had shots like this of Chris ‘Fred Flintstone’ Dodd and Barney ‘Rubble’ Frank in a desperate barefoot spin to get this 700 billion ton jalopy moving.

Next we had that uber-embarrassing White House meeting with Pelosi and Reid flanking George Bush like they were his guardian angels.

How bad does this look?

You’ve got polls showing an anemic 30% public support for the bailout, the AFL-CIO picketing Wall Street and Congressional mail coming in at 19 to 1 against, and yet the Dem Leadership somehow thinks it’s to their political advantage to be seen as large and in charge of this monstrosity?

Clueless.

The only people nominally running Washington who actually seem to understand just how much Paulson’s Folly is hated by Joe Voter are Congressional Goopers, who are busy sliding out the side door faster than Levi Johnston at a paternity hearing.  

I mean let’s face it, you know something is up when segregation-nostalgist Mitch McConnell thinks sidling up to Barack Obama in a photo op is better than being caught anywhere near good ol’ boys George Bush and Harry Reid.

Meanwhile, Obama is not only working overtime to support an unpopular Wall Street giveaway that he himself incredulously admits will cripple his own Presidential spending priorities, but on top of that is sending out press releases ‘blaming’ McCain for doing him a favor and thwarting the self-inflicted kneecapping of his first term.

What the hell is going on here?

In what parallel political universe do we exist where the Democratic opposition struggles mightily to prop up the hated economic proposal of a Republican President with 19% approval a mere 5 weeks before a pivotal election?

Its almost if the Dems are trying to lose this thing, either that or they remain under the pathetic delusion that doing the politically wrong thing is better than doing nothing – even when nothing is what the voting public actually wants.

No wonder McCain was grinning like the Cheshire Cat at that White House meeting. Getting blamed for a disappearing act on the bailout negotiations is the best thing that could have happened to him, since now he can claim Main Street creds for derailing the deal and protecting the taxpayer from the predations of Bush and his Democratic enablers led by Obama.

Bottom line: The Dems need to walk away from the whole fiasco RIGHT NOW, before they embarrass themselves any further and do even more damage to their electoral chances, because the more they are seen trying to buy Paulson’s junk paper, the lower their credit with the American electorate will sink.

Update:

McCain now says he will debate tonight.

Just watch folks.  First thing Bomber Johnny will do is get up there and take credit for cratering the bailout. Then he’ll blame Obama for trying to give away $700 billion of tax payer money to Wall Street.

And what’s worse for Obama and the Dems, for once McCain will actually be telling the truth.

Update 2:

McCain doesn’t go for the jugular.  Obama dodges a bullet.

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    • Night Owl on September 26, 2008 at 12:58
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    • Edger on September 26, 2008 at 13:03

    “But I don’t want to go among mad people” Alice remarked.

    “Oh, you can’t help that” said the Cat: “We’re all mad here. I’m mad. You’re mad.”

    “How do you know I’m mad?” said Alice.

    “You must be” said the Cat, “or you wouldn’t have come here.”

  1. Something’s happening here.

    What it is ain’t exactly clear.    

                           Buffalo Springfield

    And it won’t get any clearer when these discussions go on behind closed doors.  

  2. The only thing we have to fear is fear itself? Wall street has been partying like it’s 1929 before its last big crash for decades. Aided and abetted by deregulations and privatizations pumped through the government by both parties. I bet most people on ‘main street’ listen to the dire predictions of the Bush and his Goldman Sacks dude and think yeah mushroom clouds and terrorists gonna to kill your family.

    As for the scope of the fall, who knows? I don’t even think congress does. I do have to say that I cannot understand why they would allow Paulson to set the terms, as he seems to be the leader of the pack of these crooks. The two solutions offered  seem to be give them more money so they can start up with this insanity of a pyramid scheme or more deregulation, either way it’s like no one is willing to make then stop. Why don’t they use the laws still left like the Sherman Act or bring back Glass Seagall, these plans seem like the ultimate deregulation. Use the money to infuse the feds and treasury with enough money for insurance for deposits and get a real referee. If this so dire cannot they find economists who are not involved to sort it out?      

  3. If anybody involved in this fiasco has a clue, I haven’t seen any evidence of it at all.  It’s a massive, circular firing squad. I’m gonna get a bag of chips, a cold beer, and turn on the tube.    

    • pfiore8 on September 26, 2008 at 17:05

    the destabilizers are, for the moment, destabilized. and i can’t help but enjoy it. at least for a moment.

    how the fuck do take advantage of this? like any dem or repub or indie or anybody still interested in America.

    i don’t care to which party anybody belongs. those of us of care about the country… what do we do now? to whom can we turn?

    one suggestion: take the max number of exemptions on taxes and then file tax extensions. or something.

    maybe it’s time to turn to alternative candidates like Ron Paul and Mike Gravel… they have a voice and what happens if . . .

    i don’t know. but come on. we sent men to the moon. we can give someone an artificial heart. we have mapped our dna, for christ’s sakes. we’ve altered the genetic makeup of corn and other things.

    and we can’t come up with some way to push back at these bastards???

    maybe if we pretend it’s a baseball game or football game… whaddya say?

  4. …Owl.  So much irony and humor.  I laughed a lot at this tragic situation which you have presented with such irony.  

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