Ev'ry morning, ev'ry evening, ain't we got fun?
Not much money, oh but honey, ain't we got fun?
The rent's unpaid dear, we haven't a car;
But anyway, dear, we'll stay as we are.
In the winter, in the summer, don't we have fun?
Times are glum and getting glummer, still we have fun.
There's nothing surer: the rich get rich and the poor get children.
In the meantime, in between time, ain't we got fun?
I hope you enjoyed today’s Gatsby moment. Catchy, isn't it?
For the past three hours, I've been trying to access the Congressional House website to find out who voted for and against the bailout, but my browser returned these error messages: “Cannot open page” and “Server dropped connection.” Figures! But didn't we know this already. How unconnected and inattentive our server has been to the needs of users? Good, browser. Keep trying, browser. Fetch, browser.
My thought was this: Find out how many Congressional egos passed through the eye of a needle and under the Bridge to No-Where. Find out who put party, ideology, and partisanship before citizens. Find out who wiped out the annuities, pensions, and portfolios of tens of millions of Americans in a single “Nay” as $1.2 trillion in assets evaporated on Wall Street within hours. And find out why, when I put my ATM card into a cash machine tomorrow, a tongue sticks out and gives me raspberries. Then, once I find out who these ingrates are, I intend to bomb the hell out of them with e-mail and hate mail that falls just short of jail-mail. In other words, give them a piece of my mind.
By all accounts, the bailout stinks to high heaven, but the point is not about retribution for those who caused the meltdown or about the excesses of laissez faire capitalism but about protecting millions of innocent people caught up and hurt by it. In other words, when a car hits a pedestrian, do you call an ambulance first or do you lynch the driver before giving first aid to the victim?
During the 1990s, Japan and Sweden experienced a similar crisis: Excessive lending > institutional collapse > fears of economic meltdown > massive bailout. However, their respective outcomes differed. In the case of Sweden, fast and decisive intervention by the government saved the day. Sweden spent billions on blanket guarantees for creditors and depositors. Bipartisan support and transparency was key to winning public support.
In Japan, when real estate values plunged and borrowers were unable to pay their debt, the government dithered and forced banks to write off bad debts. Government intervention did not occur until 5 years later, and the Japanese economy sank into a no-growth period now known as the “lost decade.” Lesson: Japan waited too long.
That is why I intend to stay up all night until the server responds, find out who are these culprits, and post their names right here at the Swash Zone. If so inclined, please feel free to take out your aggressions on them, no holds barred.
I accept your invitation, by the way...
ReplyDeleteThanks for having me... 8>)
Final Vote Results for Roll Call 674
FINAL VOTE RESULTS FOR ROLL CALL 674
(Democrats in roman; Republicans in italic; Independents underlined)
((Not in this comment, obviously... Follow the link above, if you need that info))
---- NOES 228 ---
Abercrombie
Aderholt
Akin
Alexander
Altmire
Baca
Bachmann
Barrett (SC)
Barrow
Bartlett (MD)
Barton (TX)
Becerra
Berkley
Biggert
Bilbray
Bilirakis
Bishop (UT)
Blackburn
Blumenauer
Boustany
Boyda (KS)
Braley (IA)
Broun (GA)
Brown-Waite, Ginny
Buchanan
Burgess
Burton (IN)
Butterfield
Buyer
Capito
Carney
Carson
Carter
Castor
Cazayoux
Chabot
Chandler
Childers
Clay
Cleaver
Coble
Conaway
Conyers
Costello
Courtney
Cuellar
Culberson
Cummings
Davis (KY)
Davis, David
Davis, Lincoln
Deal (GA)
DeFazio
Delahunt
Dent
Diaz-Balart, L.
Diaz-Balart, M.
Doggett
Doolittle
Drake
Duncan
Edwards (MD)
English (PA)
Fallin
Feeney
Filner
Flake
Forbes
Fortenberry
Foxx
Franks (AZ)
Frelinghuysen
Gallegly
Garrett (NJ)
Gerlach
Giffords
Gillibrand
Gingrey
Gohmert
Goode
Goodlatte
Graves
Green, Al
Green, Gene
Grijalva
Hall (TX)
Hastings (WA)
Hayes
Heller
Hensarling
Herseth Sandlin
Hill
Hinchey
Hirono
Hodes
Hoekstra
Holden
Hulshof
Hunter
Inslee
Issa
Jackson (IL)
Jackson-Lee (TX)
Jefferson
Johnson (GA)
Johnson (IL)
Johnson, Sam
Jones (NC)
Jordan
Kagen
Kaptur
Keller
Kilpatrick
King (IA)
Kingston
Knollenberg
Kucinich
Kuhl (NY)
Lamborn
Lampson
Latham
LaTourette
Latta
Lee
Lewis (GA)
Linder
Lipinski
LoBiondo
Lucas
Lynch
Mack
Manzullo
Marchant
Matheson
McCarthy (CA)
McCaul (TX)
McCotter
McHenry
McIntyre
McMorris Rodgers
Mica
Michaud
Miller (FL)
Miller (MI)
Mitchell
Moran (KS)
Murphy, Tim
Musgrave
Myrick
Napolitano
Neugebauer
Nunes
Ortiz
Pascrell
Pastor
Paul
Payne
Pearce
Pence
Peterson (MN)
Petri
Pitts
Platts
Poe
Price (GA)
Ramstad
Rehberg
Reichert
Renzi
Rodriguez
Rogers (MI)
Rohrabacher
Ros-Lehtinen
Roskam
Rothman
Roybal-Allard
Royce
Rush
Salazar
Sali
Sánchez, Linda T.
Sanchez, Loretta
Scalise
Schiff
Schmidt
Scott (GA)
Scott (VA)
Sensenbrenner
Serrano
Shadegg
Shea-Porter
Sherman
Shimkus
Shuler
Shuster
Smith (NE)
Smith (NJ)
Solis
Stark
Stearns
Stupak
Sullivan
Sutton
Taylor
Terry
Thompson (CA)
Thompson (MS)
Thornberry
Tiahrt
Tiberi
Tierney
Turner
Udall (CO)
Udall (NM)
Visclosky
Walberg
Walz (MN)
Wamp
Watson
Welch (VT)
Westmoreland
Whitfield (KY)
Wittman (VA)
Woolsey
Wu
Yarmuth
Young (AK)
Young (FL)
Many thanks, repsac. Let us both get some rest tonight. I see Tom Feeney of the 24th District of Florida on that list, just as I suspected. Tomorrow, Feeney will be mashed into mush and turned into chicken powder.
ReplyDeleteSmall minded, pusillanimous, maybe. Some were likely responding to overwhelming public sentiment against the bill. Whether by virtue of its shortcomings, its granting of unprecedented powers to Paulson; lack of accountability or oversight or just anger toward markets gone wild, it has most Americans against it.
ReplyDeleteJust like us to shoot ourselves in the foot, but Paulson and the Congress bears some blame for writing such shoddy and unpalatable legislation.
Europe is manning the pumps and bailing like crazy, but I don't know as of this morning whether some of the major institutions will survive.
Of course, you are right, Fogg, and maybe we will get an even better bailout before this is over.
ReplyDeleteRobert Stein speculates that House Democrats will find the 218 votes from the liberal wing of the party, and the bailout will contain more than Republicans bargained for ... like provisions for “bankruptcy judges setting mortgage terms and rates, the ACORN slush-fund spending, the union proxy for corporate boards, stricter limits on executive compensation, and much larger equity ownership of selling banks through warrants … ”
Ironic that Bush will be forced to sign the more liberal “truce” because his own troops abandoned him in the field. That is ... if we get another shot at it. If we don't, then markets will get even uglier.