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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Brumar89 who wrote (270526)	9/26/2008 2:52:36 PM
From: Saulamanca	Read Replies (2) \| Respond to of 793912

...QUESTION: Mr. Leader -- Mr. Leader, is it fair to say that both ends of Pennsylvania Avenue failed to anticipate the fierce negative public reaction to this plan? And can it now be overcome? REID: The answer is, can it be overcome? Yes. I think that there's been some degree of amazement from the White House -- and certainly Secretary Paulson and Chairman Bernanke -- that people who run for elective office have constituencies that they have to take care of. We don't deal only with Wall Street. We deal with Wall Street, but we also deal with Main Street. And Secretary Paulson, fine man that he is, has learned a lot about how we serve our constituents. And so these obstacles can be overcome, but those appointed officials, like Paulson and Bernanke, are going to have to become more realistic. As Chairman Dodd outlined, we believe there's a financial crisis. We want to direct attention to that. But we have to keep in mind the problems people have. I mean, where -- where -- where was the White House when we had to go through seven filibusters on the basic problem that everyone says at the root of this, housing? Wouldn't it have been nice if they would have helped us? We could have stopped 10,000 foreclosures a day, well over 100,000 people. Well over 100,000 people were dumped out of their houses during these seven filibusters and also during the time the president was threatening vetoes. So, yes, I think the White House has to realize, along with the people that President Bush has appointed, that we have responsibilities to Main Street.... washingtonpost.com

To: Brumar89 who wrote (270526)	9/26/2008 3:40:00 PM
From: ManyMoose	Read Replies (2) \| Respond to of 793912

Henry M. Paulson Jr., literally bent down on one knee as he pleaded with Nancy Pelosi, What a revolting thought. Is this satire?

To: Brumar89 who wrote (270526)	9/26/2008 10:41:03 PM
From: kech	2 Recommendations Respond to of 793912

One of the sticking points, as Senator Lindsey Graham explained later, wasn’t a lack of begging but a poison pill that would push 20% of all profits from the bailout into the Housing Trust Fund — a boondoggle that Democrats in Congress has used to fund political-action groups like ACORN and the National Council of La Raza: This is particulary disheartening since not only is Acorn a group focused on get out the vote efforts in Democratic centers but it is at the heart of the causes of the sub prime mess. The sub-prime loans originated with the Community Reinvestment Act and Acorn received most of its funding as a contractor to get the required 20% of loans that turned out to be the sub-prime loans. Ask what a community organizer is and how they get their money and you get to the bottom of this mess with Acorn. Note that this article on the history of CRA was written in 2000. city-journal.org