Was Pelosi trying to get the Republicans to vote against this bailout bill?

Apparently, most Republicans opposed the bailout in any case, but one wonders what Pelosi's motivation was to give this speech? The entire issue of Pelosi attacking the Republicans for not showing up for marking up the bill when they weren't even told where the meeting would take place is also bizarre. Calling the Republicans unpatriotic was bizarre. Despite the claims to the contrary, Republicans don't call Democrats unpatriotic. Yet, despite all the Democrats wailing about being called unpatriotic when they weren't called that here Pelosi explicitly calls Republicans unpatriotic for not showing up when they weren't even invited to the meeting.

When you listen to Pelosi's speech you really have to wonder what she was thinking. This was such a mean and partisan speech (not to mention just wrong) you almost have to believe that she did this speech to try to keep Republicans from voting for the bill.

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Blogger Harry Schell said...

All i can suspect is Ms. Pelosi is just losing her mind under the pressure. Another sign of her rank incompetence.

She may well have known, to offer another idea, the bailout would fail due to Democrat votes against it, and is trying to divert attention from her own failure to deliver her party's support.

Looking at Dems who voted against the plan shows some very leftist members. Maybe the plan is not socialist enough to meet their agendas.

9/29/2008 4:15 PM  
Blogger Harry Schell said...

An Alternative Plan:

First, repeal the CRA and establish economics as the criteria to lending.
Second, loan money to banks so they can continue with business, stay solvent. Loans have to be repurchased at some due date.
Third, use the existing "workout" departments in banks to sort out the failed loans and deal with the asset sales, etc. DO NOT create a government monster to deal with this part of the equation.
Fourth, investigate the relations of Fannie/Freddie and Congress, and why Barney Frank, Chuck Schumer and Chris Dodd, not to mention Paulso et. al, were "surprised" by this mess. After all, Dems have had a majority since 06 and not a peep has come out, and Frank et, al. repeatedly rebuffed calls for reform at Fannie/Freddie. This investigation should be an impeachment action of the related pols on the basis of gross failure of their fiduciary duty to the US Taxpayer.

9/29/2008 4:15 PM  

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