Biden and Palin

Well Palin suceeded, she didn’t fall on her face. She only had one incoherent ramble when asked about nuclear weapons. The sad thing is that the only thing she had to do to be sucessful was to not fall on her face. She basically still talked in sound bites and platitudes. There was no real substance in her answers.

Biden did very well and he focused on McCain and tying him to Bush. He really brought home the failures of the Republican administration and spoke to there differences.

A New Level of Vindictiveness and Greed

The Republicans like to pretend that they voted down the Bail-out bill to protect your freedoms, yes your freedom to go broke through no fault of your own.  The truth is all they are doing is listening to their vindictive, greedy constituents so that they can get re-elected.  You hear it when they are interviewed with statements such as “let Wall St. suffer”, ” we shouldn’t be bailing out Wall St. fat cats”, and “why should my neighbor next door be bailed out because he bought a house he can’t afford and I’m not getting anything”.

To top it off now you have John McCain  shooting off his big angry mouth, talking about being bipartisan and at the same time blaming Obama for the the failure.  The failure lies directly at the feet of the Republican Party, the Republican Administration, and while we’re at it the great Republican senator who “suspended his campaign” to rush to Washington to help broker a deal.  It doesn’t look like his leadership worked.  Its not surprising because “the maverick” has pissed so many off in his own party, now he’s pissing off Democrats, its very clear if he was to win it would be a very dysfunctional relationship between a house (no matter who controls it) and a McCain administration.

This should also be a wake-up call to business that the Republican aren’t your friend, not matter what they say.  They just hung everyone out to dry for their own political gain.

 

Answers to the questions above:

1. Why we shouldn’t “let Wall St. suffer”?

No matter what you think not bailing out the financial institutions which are responsible for ensuring the free flow of credit to businesses and individuals is essential for the function of our economy.  Companies, jobs, peoples life savings and insurance depend on the free flow of credit.  By not passing this legislation its not going to make Wall St. suffer, it’s going to make everyone suffer.  

2. Why we aren’t bailing out ” Wall St. fat cats”?

I understand everyones desire to make the CEO’ of these corporations pay, defeating this bill is not the way and this is not the time.  If there was fraud or wrong doing let the FBI, SEC and DOJ investigate and bring those responsible to justice.  What we are doing is bailing out small businesses that need to merchandise on credit, allowing you to get credit to buy a new car and keep people employed, saving mom and pop retirement and ensuring things such as insurance companies remain solvent that provide you with health, life, and car insurance.

3. Why we should bail out your neighbour next door and what’s in it for you? 

Yes your neighbor was stupid and got in over his head, maybe knowingly maybe not, but you didn’t do anything wrong, why should you be punished?  If your neighbors loose their house, it’s not just them who will pay but you too, your property value will go down, maybe your employer will ay you off, maybe those investment you made for your retirement will be worthless.