Wachovia lends the RNCC $8 million!

[tw]

Originally Posted by classicman

Why? This bailout was as much, if not more, a democratic plan.

The support was 60/40 from the Democrats and 40/60 from the Congressional Republicans. Also 100% support from the Republican administration.

It is poltics to label it Democratic or Republican especially when the reasons to vote for or against it were so complex - and then it was chock full of $100million in pork for both parties.

The only people who did not vote for it were the moderates who disparage both Democrats and Republicans. Better is to describe it as an anti-independent plan and pro-rich business school trained management plan.

What was it really? Just another way for America to sell or mortgage itself to foreign investors.

[classicman]

Originally Posted by tw

The support was 60/40 from the Democrats and 40/60 from the Congressional Republicans. Also 100% support from the Republican administration.

Why so much pork? Did they have to buy that many Democratic and Republican votes? For what reason? Perhaps because the plan does not address the fundamental issues which caused the problem in the first place. Perhaps because this is only a band aid and they know this is only the first one. There are rumblings already of another bailout. Why? Why did this bill which goes against that which many of the top economists recommendations pass at all?

Funny how the congress has an approval rating less than that of the "worst president in history" Why is that? Because they come up with a solution which does not really address the problem. Who is in charge of overseeing this? Anyone? Anyone? Why is he still employed?

[tw]

Originally Posted by classicman

Why so much pork? Did they have to buy that many Democratic and Republican votes?

Who is this 'they' who is buying Democratic and Republican votes? Let's see. There are extremist Democrats and Republicans who only work for their extremist agendas. And then there are the independents who work for America. I guess you are accusing independents of buying Democrat and Republican votes.

A $700billion bailout is a joint venture of both parties with massive dissention in both parties. Nobody likes the only existing solution. So who is this 'they'?

Meanwhile, where is your 'better idea'?