Tuesday, September 30, 2008

Recent national poll shows McCain gaining

Check out this new poll from ABC News...

Five points gone in one week!

Looks like we're heading back to even! Go Sarah!

In Response to: Recent state polls still show Obama gains

The Gaffe Team that Keeps On Giving

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

CA-08: Pelosi Won't Get Harvey Milk Democratic Club Endorsement

Not that we would ever agree with the Harvey Milk Club, it seems to me that an upstanding liberal like Nancy Pe-loser should be able to easily ensure that the San Fran loonies endorse her for re-election.

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

Dems Responsible for Credit Crisis

How many times will Obama, his friends and the dems deny responsibility for the credit crisis?

Response to: Late Afternoon/Early Evening Open Thread - Sept. 30th

It's a Split - Party...

I'd rather have a silly reporter gaffe on support over having the pride of party bashing our candidate. I love the public laughing at the Democratic party.

In Response to: "It's split"

The Alternative "No Bailout" Republican Plan

Via CNBC, we get a look at the proposed plan put forth this afternoon by a group of House Republicans.

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

A Failure of Leadership (With an Able Assist)

While the events surrounding yesterday's fiasco on the economic bailout bill was a clearly a massive failure of leadership on the part of Nancy Pelosi, it's only fair to point out that she had an able assist from her own party
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.

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.
What we've seen in the past 24 hours is Democrats scrambling like rats, leaving their presumptive captain to go down with the ship.

Response to: A Failure Of Leadership (With An Able Assist)

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