Key House GOP Opponent of Bailout Bill Changes Tune: “It Sucks” But New Version Must Pass, He Argues

I’m about as far to the left as it gets and I want to sing the praises of Republican Senator Gregg.
He is the gentleman who gave an announcement regarding progress on the bill and while I, like many think the thing just plain stinks, Mr. Gregg not only did a magnificent job of explaining how we got where we are, but also praised all of the congressional leaders who are struggling to make sure our economy does not collapse tomorrow.
In the exceedingly partisan era in which we live, to see a member of the opposition in whom you can entrust the safety of your children is a rare and exceptional person. We need more like him on both sided of the aisle if America is to regain its faith and trust in our elected officials.

How did it come to pass that we’ve got the dumbest and most corrupt people in America in Washington like Barney? And Botox Nancy Pelosi, clearly the dumbest of the dumbest, claiming to be working for the people’s interest?

Obama is a joke. His campaign speech today was deplorable. Obama was the one who stood by and did nothing, yet he criticizes McCain and others for actually showing concern when he said they will call me if they need me.

“Said Ryan of the bill: “It sucks.”
But, he said, it has to pass to preserve the free market system and stave off a financial collapse.”
?!?!
The is not a contradiction in terms, but a straight contradiction, I’d say. How could a bill suck that is able “to preserve the free market system”? Now that would be quite a bill – for a GOP conservative!
Truth is, that this whole crisis has undermined the GOP’s ideal of less government; it the Republicans’ capitalist fundamentalism that sucks.
We’re in the midst of its disaster now.

i remain shocked that the mainstream media continue to ignore the role of congressional democrats in failing to take action on this financial crisis …

Now, the lobbyists and big money interest will insure that there’s no fix that will interfere with their greed. After all, they’re smarter than congress.
Fire them all and hire temps!

is that acorn provison still in the bill? that dodd and frank tried to put in?

Jen, Jake did update the story. See “Bracelet Wars” for the updated information.

Democrats are counting on favorable votes from Republicans who are retiring. This will give the impression the bailout has bipartisan support. At one time these were probably men of honor. It will be interesting to see if these old guys still have any integrity after years in Congress.

Botox Nancy Pelosi made her gratuitous comments in addressing the public once again. Each side is trying to place blame on the other while the economy goes into free fall. Meanwhile video evidence of the DEMS lack of judgment about Fannie Mae and Freddie Mac are all over U tube and surfacing to the public eye. And these same stooges will continue to be reelected by their home districts again and again.
If this were a private business most of them would be escorted to their cars by Security. That’s what they did where I used to to work. Embarassing but worth it. Not these jokers. Most will be sworn back in come January for another go at the public trough and trust. Unbelievable!

JR, you need to look at some video. The Dems did this and protected it from being fixed so former Clinton administration folks could go in there and make many millions. Why in the world was Jamie Gerelac (sic), an Assistant Attorney General working at Fannie Mae? Get a grip.

Who holds the power in washington? Not Bush. Everybody knows it the Majority in congress. Who is that? Pelosi and Reids Dems. Now, I watched them both villainize McCain the other day for trainwrecking the so called “deal” they had before he came to town, at Reids request which was on national TV. Now I See Pelosi on TV saying this is a better bill than” Than the other one” yuo know, the one McCain supposedly wrecked. So SHe basically just gave McCain credit for stopping a $hitty bill just a few days ago, and now we have a better one. Well gee, I guess we really dont need all those republican votes to pass it now do we Nancy? Seems the dems like it so much, and they have the majority, and this is a “republican problem” instead of an American problem, they should all vote for it, fix it, and take all the credit, and hand it to Barack, who was on tv today explaining how he “shaped” the new provisions, on a silver platter. ACORN is out of it and that was a DEM tradition of adding pork that everybody is sick of. WHy do they never get called out by the likes of NBC,CNN MSNBC on these rediculous add ons?

“Who holds the power in washington? Not Bush. Everybody knows it the Majority in congress.”
So its the Republicans in Congress like John McCain who are responsible for this mess?
I think you’re being easy on the President there

Hey Ryan C, the dems have the majority in BOTH the hose and senate. They dont need any republican votes. I didn’t say they had the majority on brains, combined IQ, as ther Energy Policy and Welfare, uh, I mean financial aid, SubPRime loan history proves. Just the majority in votes.

- Barack Obama – First Presidential Debate, September 26, 2008
“I think Senator McCain’s absolutely right that we need more responsibility…”
“Senator McCain is absolutely right that the earmarks process has been abused…”
“He’s also right that oftentimes lobbyists and special interests are the ones that are introducing these…requests…”
“John mentioned the fact that business taxes on paper are high in this country, and he’s absolutely right…”
“John is right we have to make cuts…”
“Senator McCain is absolutely right that the violence has been reduced as a consequence of the extraordinary sacrifice of our troops and our military families…”
“John — you’re absolutely right that presidents have to be prudent in what they say…”
“Senator McCain is absolutely right, we cannot tolerate a nuclear Iran…”

Hank, you asked: “How could a bill suck that is able ‘to preserve the free market system’?”
A good analogy would be having a life threatening disease and the only option is to have both legs amputated. It would “suck” to have both legs amputated. But the alternative “sucks” even more!

I read the whole thing and it really does ” stink. ” Right off the top I would drop Sec 2,part (2),(A), I would drop ” urban affairs ” from Sec 3. Under Sec 107, Contracting Procedures I would drop (b). This section seems to assure that the ” fox will be in charge of the chicken koop.”
But asside from this nothing has been done to abolish those institutions and practices, institutions and practices mandated by Congress and the Senate under several administrations which caused this problem. And until that is done the problem will either get worse or it will repeat itself at a later date. We need to abolish Fannie Mae and Freddie Mac, the FHA and Hud and to resolve to end this type of madness once and for all.
If we have a depression, so be it. We and the world will emerge stronger in five or ten years. In the meantime we will have rooted out all the socialists.

Throw them out!
I agree.
Regardless of party we need to throw out:
Everybody who voted for the War in Iraq.
Evrybody who voted for the war then voted not to fund the troops, and try them for treason or at least stupidity.
I mean thats insane no matter which side your on.
Everybody who wanted to surrender. Surrender is not an option.
Everybody who said we won the war.
Everybody who said we lost the war.
Everybody who who said fannie mae and freddie mac were not in trouble even though there was irrifutible evidence to the contrary.
Everybody who voted against reforms to fix freddie and fannie.
Everybody who voted to deregulate the banking industry.
And for good measure”
Anybody whoi has been in washington more than 12 years: That should be the limit because they all succomb to special interest in one way or another over time.
ANybody who misses more than 10% of votes in any 12 month period.
ANybody who voted for the bridge to nowhere.
.

vote straight ticket against every candidate regardless of party who voted for the bailout.
also everyone who voted for the war including joe biden, hillary etc…kerry etc etc etc….

The toxic debt created by the fraudsters is beyond redemption by ALL of the tax payers of the world. That garbage is measured in the $100′s of TRILLIONS. All this bailout is about is one more swing at bat for the gangsters who got us there in the first place.
The “Bailout” is a band aid. The patient is bleeding to death

I watch all the networks people. I spend a lot of time evaluating. I see Fox conservative bias, I see the ABC Liberal Bias, they both swing moderately right and left. But when you look at CNN, and NBC I see a huge Liberal shift and an AGENDA to get the democratic candidate nominated. Its embedded in their talk shows and national news. This is a dangersous precedent, and does not serve the peoples interest. REPORT THE NEWS. DONT MAKE IT.
If they found a Koran shoved up Obamas butt you wouldnt hear about it on CNN or NBC, and ABC would blame it on Palin.
If they found out McCain had five gold teeth it would be headlins cause most people onlyu could afford one or dont have dental insurance.
FOX attempts to report both sides, but goes out of there way to provide Cover for ther right. The lefty nets just skip negative left news altogether.
If you deny it, your denying your kids futures because if one party ever gets a hold of the airwaves goodby choice. Then we might as well have Putin over here cause thats exactly what they got there, and thats what they no have in Venezuela. Those of you that are happy to see the strong Left Media, and it is huge, you just keep venezuela in mind.

We need to vote these stooges out of DC.

I agree wakeup people. I watch Fox and I am a Democrat. Fox is more conservative but at least they attemot to be fair and ask hard hitting questions of DEMS and Repubs. I think the thing about Obama supporters is that there is no substance or logic to Obama as a candidate so the liberal press basically can’t ask anything of Obama supporters that will not hurt there credibility.
So they basically sit and let the BOTS spew lies without questioning them. On FOX news the reporters will question the BOTS and they unravel because BOTS arguments are full of HOLES.

this bailout bill sounds familiar, it sounds like the condi rice mushroom cloud moment in the rush to war.
think about it, the dems are aligned with george bush, while at the same time trying to distance themselves from that alliance. that in itself should give any intelligent person a reason to question the bailout.

I just LOVE it! All of a sudden, the republicans want to “free us from foreign oil” [8 years too late] and they aren’t in favor of the bailout even though their voting record on “deregulation” and lack of oversight by their people brought down the financial markets!
I think if anybody has a right to complain about this bailout, its the democrats. We have to end of paying for it even though we didn’t vote those idiots in office in the first place.

I am voting because I have kids in the military. They need us all.

I enjoy reading comments from all you pinheads who think if we just let the markets fail- all will be just fine.
You understand that without having banks in a position to lend, our economy shuts down right. No, not a “sluggish” economy, but full blown recession and potential depression.
If managed correctly, the bill can make money for the government in the long run. They are buying banks, not handing them an open check.
The armchair-economist bloggers and people who want the crisis summed up in two sentences have no clue as to what they are saying.
Neither McCain or Obama had anything to do with this bill other than mutual grandstanding.

jimbo must be friends with the predatory lending folks.
Good news people. Jim Kramer says he wants in on the deal. Bear Sterns had the cash to buy up a bunch of the loans and Buffet jumped in as well.
So in five or ten years all will be back to greed and avarice!