(Senate Majority Leader Harry) Reid: We will not 'rubber stamp' bailout bill

[sabra]

Source: Politico

Senate Majority Leader Harry Reid issued a warning to the White House Monday, saying Congress will not “rubber stamp” a proposed $700 billion bailout proposal because of pressure from the administration.

“We are prepared to do what is necessary to avoid {an economic crisis} — but we will not let haste abandon good judgment in the process,” Reid said in a statement. “The Bush administration has called on Congress to rubber stamp its bailout legislation without serious debate or efforts to improve it. That will not happen.

“The legislation sent to Congress by the Treasury Department recognizes the scope of the crisis the Bush administration created, a view that we share with {Treasury} Secretary {Henry} Paulson. But the Bush administration’s bill is a starting point; by no means the final product.

Read more: http://www.politico.com/blogs/thecrypt/0908/Reid_We_will_not_rubber_stamp_bailout_bill.html

[Turn CO Blue]

1. Reid: We will not rubber stamp the bailout. We'll use a pen.

Is that what you meant Harry?

Because dear Harry, if you're ever going to stand up to them, THIS would be the fucking time!!

[raystorm7]

9. This statemtent from Reid assures me in fact that they will Rubber Stamp =/

[Pete2069]

13. Bush's secret weapon "BLUE DOGS"

After the 2006 election Bush had a private meeting with the
blue dogs....
If this doesn't tell you they are right wing republicans ,,
nothing will..

[bdamomma]

2. bear the consequences if you do buy this

pre emptive financial war on the American people

smells like IWR to me.

call your Senators and Reps now.

[Skink]

3. I thought Paulson was calling the shots.

[roguevalley]

4. do i detect the emergence of a ball here perhaps?

[think4yourself]

5. Well, Harry, your powder is still bone-dry.

Fucking use it.

[Oskie]

6. Wimps at DU.........that's you. Sit and pontificate instead of making a

call or two. FRANKS: 202.225.5931 DODD: 202.224.2823 Reid: 202.224.3542 Pelosi 202.225.4965

CALL...scare'em..tell'em we're paying attention, not just sitting around yakking online. OVERSIGHT & TRANSPARENCY, Limit CEO/execu. pay, mortgage relief for borrowers, TELL THEM we're paying attention.

[CountAllVotes]

10. have you tried to call yourself?

I have and the mailboxes are all full and the phone lines going in seem to be jammed up - cannot get a hold of anyone.

What happened when YOU called?

:dem:

[MindPilot]

7. How about borrowing a slogan from the Reagan era?

Just say no.

NO FUCKING BAILOUT. NO WAY NO HOW. NO. NOT ONE THIN DIME.

[superconnected]

8. Why aren't the republicans screaming about this. Oh yeah, they're hypocrites.

[ejbr]

11. Okay Harry...let's just see what you do. n/t

[Joe Chi Minh]

12. "As the law currently stands, the wealthiest Americans can seek

mortgage assistance from a bankruptcy judge to help keep their second, third, fourth, fifth, sixth or even seventh home — but working families cannot seek mortgage relief from a bankruptcy judge for their first and only home — their primary residence."

It's difficult to conceive of such wickedness, isn't it? In Austria, which is not noted for its left-wing proclivities, it is illegal to possess more than one dwelling. In the UK, young people have to move away from villages their families have lived in for centuries, because so many dwellings have been bought up, as second homes, by interlopers.

I think Bush, Paulson et al realised they didn't have a leg to stand, on so they adopted a stance based on the precept that the best form of defence is attack. Some of the despotic licence Paulson sought beggared belief even from them.

[Phred42]

14. Good Idea Harry - I'm not holding my breath though

[dabenpb]

15. Here is my letter to my congressman (Bilbray, R)

Representative Bilbray

I am writing you to express my outrage at the support the congress is giving to this bailout plan. Specifically, I have issue with Section 8 granting the Executive (through the treasury) unchecked power in decisions on fiscal action "Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.". I am writing you to ask you to oppose this bail out for Wall Street. Let them collapse and absorb their own debt. The taxpayers should not have to pay for their gamble.

[IndianaGreen]

16. They rubber stamped PATRIOT and the military tribunals

and many of them voted for the bankruptcy "reform" bill that has done more harm than good. I will be surprised if these guys do anything other than cosmetic changes to Paulsen's proposal.

[BearSquirrel2]

17. Earth to Harry and Nancy ...

You guys do realize that you more or less control what legislation comes to the floor right??? There is no rubber stamping. You get to write the bills and the President has the rubber stamp.