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akuma587 said:
TheRealMafoo said:
akuma587 said:

You mean the Bush Adminstration who were the ones who proposed the $700 billion bailout?

 

Can you show me where the Bush Administration bailed out anyone? All I see who seems to spend the money, is Congress.

Do you need a civics lesson?

Do you just hit the snooze button when Republicans do something you don't agree with?

No one ever said that anyone but Congress passed the bailout, but the Bush Adminstration (specifically Bush and Paulson) were the ones who 1) proposed what the bailout should be and 2) pressed Congress to act immediately to adopt the bailout plan.  Hell, they were acting like it was so urgent that they ended up hurting markets by inciting fear that a bailout was necessary, which of course led to egg-in-the-face syndrome when Congress voted the bailout down the first time, which led to even more urgent pleads to Congress to pass the bailout.

They really made the situation as bad as it was by trying to hastily push through a plan that had not been thought out that well through Congress, which in turn made the markets worse, which in turn made the apparent need for a bailout greater, which made things even worse when the bailout plan turned out to be pretty poorly designed in the first place.

So the president proposed a bad plan, and it was passed.

I got an idea. Why don't we have, oh, I don't know, three equally powerful branches of government that keeps things like this from happening? We could even appoint one in charge of our spending, so the president can't just pass whatever he wants.

Man, if we only had something like that.

P.S. Did you miss Nancy Pelosi fighting for this bill to pass? Did she do it because her hero, Bush, proposed it and strong armed her? Is she that much of a slave to him?