Tuesday, September 30, 2008
I believe that if Biden and Obama were held to the same scrutiny as the MSM holds Governor Palin, then we'd have even more of these delicious tidbits. I mean, let's be fair, she never did ask a man to stand up who was in a wheel-chair now did she?
Now, if we asked Joe Biden how to spell his name, he would say:
"I would do what Shakespeare did when he needed to look up words, spell-check on my computer!"
In Response to: The Interview That Keeps on Giving
The club will vote next Tuesday on whether to pull its endorsement from House Speaker Nancy Pelosi and give it to Cindy Sheehan, an anti-war activist running an independent campaign against the Democratic San Francisco congresswoman.
If the Dems can't even keep their core base Left Wing Supporters, maybe the country will learn the proper Right Conservative way.
In Response to: MI-07: Former Rep. Schwarz (R) Endorses Schauer
How many times will Obama, his friends and the dems deny responsibility for the credit crisis?
Components of the alternative plan including the following, according to
- Require the Treasury Department to guarantee, at up to 100 percent, bank losses resulting from failed mortgage-backed securities originated prior to the plan's enactment. Such insurance, supporters say, would provide immediate value to the securities and a foundation for which they could then be sold. The Treasury Department would finance that insurance by assessing a premium on outstanding mortgage-backed securities.
- Allow companies to carry back losses arising in tax years ending in 2007, 2008, or 2009 back five years, generating a tax refund and immediate capital
- Allow a "repatriation window" for profits earned by U.S. firms overseas. Such repatriation amounts would not be taxed if invested in distressed debt (as defined by Treasury) for at least one year.
- Allow banks to treat losses on shares of preferred stock in Fannie Mae and Freddie Mac as ordinary losses, not as capital losses
- Suspend the capital gains tax rate for two years
- Limit backing of high-risk loans by Fannie Mae and Freddie Mac
- Schedule Fannie and Freddie for privatization
- Suspend "mark-to-market" accounting until the SEC can issue new guidelines that will allow firms to mark these assets to their true economic value
- Stabilize the dollar by repealing the Humphrey-Hawkins Full Employment Act, which alternative bailout supporters say diverts the Federal Reserve's attention from long-term price stability to short-term economic growth
- Require the Treasury to write rules prohibiting excessive compensation or golden parachutes to executives of failed companies
- Task the SEC with regular, annual audit reports of entities the federal government has brought under conservatorship or now owns
Here at Daily AntiKos, we fully support the "mark-to-market" and capital gains tax aspects of the above plan. While not perfect, this plan definitely moves us toward a free-market solution to the mess the Democrats have created with Fannie and Freddie.
In Response to: The Alternative "No Bailout" DeFazio Plan
Democrats can pass any bill they want without even a single Republican vote. So who is right? The time line of the negotiations favors the Republican version of events.What we've seen in the past 24 hours is Democrats scrambling like rats, leaving their presumptive captain to go down with the ship.
Sen. Majority Leader Harry Reid (D-NV) openly called on the White House to guarantee the support of Republican presidential nominee Sen. John McCain, calling it crucial to final passage of a bill. Reid later changed his mind after Sen. McCain dramatically announced that he was suspending his campaign to come to Washington for the negotiations, saying McCain's presence, "would not be helpful."
Democrats control the House. Unlike in the Senate, the minority has almost no say in determining how legislation is drafted and presented, or whether it passes. For Democrats to now try and blame Republicans for not bringing enough votes to pass the bailout is the political equivalent of the Fire Department blaming the neighbors for not bringing enough buckets to put out the fire after the house has burned down.
Response to: A Failure Of Leadership (With An Able Assist)
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