Free Enterprise and Capitalism Survives Congress

~Snooper~

Seeing that our Constitution is a living breathing document, I would imagine that as it sits in that vacuum sealed box in DC, it sighed a very large sigh of relief hearing that those dastardly socialists lost their bid on the US economy yesterday.

Miss Queen Socialist Nanna sure was testy yesterday, wasn't she? Does she sense that her party is over? After the American People said no to socialism, I wonder if Miss Nanna is crying in her Perrier? And what about Czarbie? He projects himself as a Uniter and not a Divider yet he failed to unite 218 Democrats? What is that about? He can't even unite fellow socialists...how is he going to unite the world? Oh. Wait. He is planning on that Civilian National Security Force. I forgot. My bad. But, did he not claim that he and he alone was responsible for the "agreed upon deal" to save the nation?

Back to Nanna...she really screwed the pooch on this attempted socialist take over of the American economy that she fully intended on blaming on President Bush.

From the McCain Campaign:

Please see the following statement by McCain-Palin senior policy adviser Doug Holtz-Eakin:

“From the minute John McCain suspended his campaign and arrived in Washington to address this crisis, he was attacked by the Democratic leadership: Senators Obama and Reid, Speaker Pelosi and others. Their partisan attacks were an effort to gain political advantage during a national economic crisis. By doing so, they put at risk the homes, livelihoods and savings of millions of American families.

“Barack Obama failed to lead, phoned it in, attacked John McCain, and refused to even say if he supported the final bill.

“Just before the vote, when the outcome was still in doubt, Speaker Pelosi gave a strongly worded partisan speech and poisoned the outcome.

“This bill failed because Barack Obama and the Democrats put politics ahead of country.” --McCain-Palin senior policy adviser Doug Holtz-Eakin

That ladies and gentleman is leadership. The Democrats folks, have no idea how to address this problem. None. They don't know how to listen to the American People. Their precious bill failed in a 228 against to 205 for. Two House members did not vote. Among many other reasons the bill failed is revealed thusly:

Orwell must be having a good laugh today. Nancy Pelosi yesterday released a summary of the bailout. Under the heading of "Protection for Taxpayers ..." Madame Speaker includes this whopper (my italics): The scheme "[a]llows the government to purchase troubled assets from pension plans, local governments, and small banks that serve low- and middle-income families."

So in addition to rewarding irresponsible lenders and borrowers, we taxpayers are now to be "protected" by buying the toxic debt of states, cities and municipalities. It's one thing to throw a life-line to the credit industry; local governments, by contrast, have the ability to cut spending drastically or raise taxes if their inhabitants want government services. [...]

You really need to go read the rest of that one.

Just in case you feel like actually reading Nanna's idiocy, feel free to go here and read it. I'll not place it on this blog yet. For a more beneficial read, take a trip to Political Vindication:

The first round in the bail-out battle has ended - it was voted down 228 - 205, with significant defections on both sides of the aisle. We can talk about the inept leadership of Nancy Pelosi and Harry Reid, or why the administration has appeared to line up with Democrats more over the last year than it has Republicans, but I’d rather commiserate over the spectacle of our nation’s leaders attacking the foundations of our economic system. It didn’t start three weeks ago. It started long ago with progressive tax rates, onerous regulation and the seductive politics of envy. By a hundred thousand cuts we have allowed our leaders to hobble the most successful economic system the world has ever known. Now we sit around wondering how we got where we are? The conversation is meaningless if no one is willing to talk openly about the collusion of big business and big government. The question now ought to be whether corruption or democracy is the problem. When it comes to corruption, we can jail the offenders. When it comes to politicians taking orders from constituents who have no economic understanding, we may rue the day we made influencing our politicians so easy. [...]

Outstanding piece there. And then there is this...Rep Hensarling:

[...] “In my heart and in my mind, I believe that this plan is fraught with unintended consequences, would force generations of taxpayers to pick up the tab for Wall Street losses, and could permanently and fundamentally change the role of government in the American free enterprise system. Once the government socializes losses, it will soon socialize profits. If we lose our ability to fail, we will soon lose our ability to succeed. If we bail out risky behavior, we will soon see even riskier behavior. [...]

Roger that. You can listen to the morons whine here. Idiots. Damn socialist twits.

The Anchoress is correct...Nanna cannot lead. Somehow, the Leftinistra thinks this is all funny.

Read more at Memeorandum...