I have a sense of urgency, yes. But honestly at this point, I'm more worried about the effects of giving the Bush administration what it wants. The Patriot Act was an emergency too. Our country was going to be given over to the terrorists if it wasn't passed! And I think it is entirely clear that the country was caused more harm by the Patriot Act than what terrorists could have done without it. Hands down.
In the same way, I am very worried about the state of our financial institutions. I am not yet convinced that this bailout in the form proposed by Paulson will solve the crisis. I think it will cheer up Wall Street in the short term. And people will point and say "hey, look, victory!" in the same way that people have said "hey, look, no terrorist attack on NY!". But I am not yet convinced that it would actually shore up the economy. If people are still defaulting on loans, if wages aren't going to keep up with the inflation that everyone agrees will result from this bail out, then the mortgage market will continue to hemmorage. The economy will stagnate. And we won't have the money to invest in building a floor that our economy needs in order to recover. The Patriot Act did not make us more safe. It gave us the illusion of safety at home. This bail out runs the risk of doing the same for the economy. Proping up Wall Street, inflating the Dow for a bit, but weakening the economy fundamentally and leaving us in worse shape in the long run, especially internationally. Do something? Yes. Jump at the President's quick fix? That has shown to be folly. Judah On Wed, Sep 24, 2008 at 9:10 PM, Robert Munn <[EMAIL PROTECTED]> wrote: > The voting record in the last year is irrelevant. This is a crisis, a very > real, very serious crisis. > > In fact, it is so much of a crisis that President Bush personally called > Obama and asked him to come to the White House to meet with John McCain and > the Congressional leadership from both parties in order to hash out a deal. > And Obama agreed. They are meeting tomorrow. > > Does no one else have any sense of urgency about this problem? Holy shit, > lay aside the political issues until this is resolved. > > On Wed, Sep 24, 2008 at 7:17 PM, Jim wrote: > > > > > He missed most of the votes during his tenure... and now he's rushing to > > the > > rescue? Don't get me wrong: Obama missed nearly as many votes... but at > > least he's not pretending that his presence in Washington will now > somehow > > make a difference. > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/CF-Community/message.cfm/messageid:270742 Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
