The U.S. economy

[Glenn]

Medicare has been a major success, IMO.

[Glenn]

Dow suffers biggest point drop in history, falling nearly 778 points in reaction to House vote rejecting economic rescue.

[Uncle Mxy]

He wants to turn healthcare buying over to the government. I suspect they are the only entity big enough to keep Big Healthcare in check.

I'm glad that McCain thought it was a success:

http://afp.google.com/article/ALeqM5...g54OsbCT_6eB9Q

McCain camp claims credit over bailout changes

5 hours ago

CHICAGO (AFP) — John McCain's presidential campaign claimed credit as Congress readied Monday to vote on an emergency economic package, but Democrats said the Republican's last-ditch intervention had been no help.

Mitt Romney, McCain's erstwhile rival for the Republican nomination, said the deal on a Wall Street bailout worth up to 700 billion dollars would never have happened without the Arizona senator.

Speaking on NBC television, the former Massachusetts governor said "this bill would not have been agreed to had it not been for John McCain."

"That doesn't mean that he's the only guy doing that. And there many people ... who have been critical to it," Romney said.

"But, you know, this is a bipartisan accomplishment, a bipartisan success. And if people want to get something done in Washington, they just watch John McCain," he said.

"He's been the guy whose name is at the top of major pieces of legislation for a long time."

[Tahoe]

I told you our choices are a socialist or a moderate Dem.

[Glenn]

I heard an interesting analogy on the way home today.

The current US economic crisis : The Iraq War
The Bush/Paulson bailout : "the surge".

Discuss?

[DennyMcLain]

Dow dumps nearly 800 points!!!

Really, the bailout plan is nothing more than a money-grab. Bush telling us last week if the plan was not ratified by Friday, it could spell certain doom.

Well, we're still here.

Can you imagine the tangibly wealthy (for the lack of a better term... the ones with REAL wealth, not just figures on paper) just salivating uncontrollably, waiting for another several hundred point drop before it's BUY BUY BUY.

Obviously, they cannot allow the middle class and their TD Waterhouse intellect to day-trade their way to riches. Sink the market, scatter the rats, then resurface it shiny and new.

[Tahoe]

Anyone have any comments on Nancy Pelosi's speech prior to the vote?

[Big Swami]

Anyone have any comments on Nancy Pelosi's speech prior to the vote?

Nah, not really. John Boehner (lol) was crying about his idea that the only reason more Republicans didn't vote for the bill was because they were put off by Nancy Pelosi's partisan rhetoric. It's quite honestly the most ludicrous thing I've heard him say, and he's said a lot of ludicrous things.

It would be really infuriating if he was doing anything other than making excuses. See, it's his job to get all the Republicans to vote the way the White House wants them to vote, and he totally failed today. So he's got to have some excuse - and his excuse was that because of some random shit that fell out of Nancy Pelosi's mouth, the House GOP's feelings got so hurt that they reflexively struck back at every single other person in America.

See, it's really upsetting if you take it seriously. But since this was something John Boehner said to try to explain his total failure to uphold his position, now it's just sad. I actually kind of feel bad for him today. I hope he and GWB can still find a way to salvage their friendship.

[Tahoe]

Just Swami?

[Big Swami]

Just Swami?

What, that's not good enough for you?