Texas Liberal

All People Matter

Quick Observations On Bailout Bill Failure

The House of Representatives has voted no on the Wall Street Bailout bill. Here are some quick observations I have on the subject.

I support this legislation.

1. If this nation ran on a parliamentary system, the government would collapse. 

2. While I am ideologue in many respects, this vote is being held hostage to ideologies of both the right and the left.

3. After the failures and lies of Iraq and this possible failure of our financial system, how can average people trust anything they are told?

4. Average people–the Main Street we keep hearing about—have some fault here. Many sought to live beyond their obvious means.

5. The flawed initial proposal from the White House, John McCain’s seemingly pointless suspend the campaign stunt, and the rabid free-market ideology of many House Republicans, show that Republicans are simply not competent to govern.

6. The idea that any speech by Nancy Pelosi killed the bill is silly. If House members felt this bill was good the country, why would a speech change people’s minds?

7. I understand that this bill came from the White House and that House Republicans are often very far to the right, but Democrats have a majority in the House. They have the obligation to make this work in the House.

8. Members of Congress had the right to vote as they saw fit. Even in crisis we have to keep our faith in democracy and move ahead to the next solution.

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September 29, 2008 - Posted by | Uncategorized | , , , , , , ,

5 Comments »

  1. Blame the democrats for the Republicans saying “No deal” to Republican President Bush.
    That makes perfect sense…

    Comment by Kurt | September 29, 2008

  2. Sorry I was not red meat enough for you. That the bill came from one party does not mean the other party is free of obligation. There is still a country to run.

    Comment by Neil Aquino | September 29, 2008

  3. the dems have majority but not enough to pass the bill, the bill in itself a bad idea, the auto workers get 25billion for their ford f 150′s is a joke. they need to stop making all these giant ass cars. all bans on oil drilling in the atlantic and the pacific coasts is rediculous as well. main street is simple and that is why they voted bush in twice and bought houses bigger than they could afford that got equit lines where they ran out and furnished these homes, jesus we are really screwing up as a culture and nation. divided and angry and blaming, we are responsible.

    Comment by bill brady | September 29, 2008

  4. There does indeed seem to be plenty of blame for all.

    Comment by Neil Aquino | September 30, 2008

  5. bush really really wants it so it has to be wrong

    Comment by bill brady | October 1, 2008


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