"Radical" Russ
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  Sen. Underdog blew the bailout deal

September 29th, 2008 · No Comments

The bill to socialize and nationalize the financial crisis on Wall St. Failed today in the House.  Democrats promised to deliver 120 votes; they delivered 140.  John “Keating W. Five” McCain sorta didn’t suspend his campaign so he could sorta not fly immediately to Washington to put the weight of the GOP presidential nominee into the negotiations so the 100 votes promised by the Republican leadership would come through and we could avert the “worst American crisis since WWII.”

Senator Underdog only delivered 65 votes.

AMERICAblog News| A great nation deserves the truth

Dow on Bill Clinton’s last day in office: 10,587.59
Dow today: 10,365.4

That was your retirement. Seven years of it. Gone. Thanks to George Bush and John McCain. And if John McCain had his way, that would have been your Social Security money too. Gone. Seven years of growth, seven years of your life, wiped out.

Note from Joe: I’m monitoring CNBC. Looks like the final drop will be 777.68. MSNBC saying this is the largest number drop ever.

There are many reasons why the bailout deal failed, but regardless, how idiotic was it of John W. McCain to make a big deal out of suspending his campaign and flying in to save the deal?  It’s not the kind of deal that can be “rescued” by one senator - had it passed, there would be little to no benefit for McCain in saying, “See, I rescued our economy!”, because all the heavy lifting was done by others and a successful bailout tied to McCain just sinks him further in the eyes of the base he’s already having trouble courting.

But by taking on the “Mighty Mouse” role on the bailout, and then to see it fail, and then to have the Dow drop the most points ever, and to see the Bush stock market whose decline you supported through your deregulation frenzy drop lower than Clinton, and to have the reminder that you wanted our Social Security in that Wall St. casino, breaking at the same time the NY Times prints a story over the weekend about your real casino gambling problems, and seeing everyone turn on you as the guy who messed up the bailout…

…well, it couldn’t happen to a more deserving senator at a more appropriate time.

I’ve often said that it was going to take some massive jolt to wake Americans up and get them involved in politics and wary of stupid culture war dustups.  9/11 could’ve been that, but of course Commander Codpiece just told us to keep on shoppin’ and told his base (the “have-mores”) to keep enjoying the tax cuts.  Katrina opened a few eyes, but being a natural disaster and involving city, state, and federal officials diffused our concentration a bit.

But this?  This oughtta do it.  So long as everyone gets to vote and all the votes are counted (I know, big assumptions) this should be an Obama landslide.

Tags: Money (That's What I Want) · Repugnicans and Demonicrats

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