CNBC: Sheila Bair is batting down every GOP talking point Larry Kudlow tosses at her

[Roland99]

She's on discussing the plan she has determined would save 1.5 million homes from going into foreclosure by a combination of lowering interest rates, extending amortization, or in the last gasp...forbearance of principal until a home is sold.

Kudlow is tossing out talking point after talking point she is batting them down like a pro.


Kudlow earlier was bashing the plan to loan $25 billion to the auto industry...trying to paint unions as the devil. Robert Reich was there to bat those talking points down, too.


Kudlow seems to have no problem with giving $350billion to banks and former brokerage houses that was supposed to be used to create new loans to get the wheels of the economy moving again but instead are sitting in those banks. But demonizing aid to some of the key manufacturers that *are* the foundation of our economy? Fucking Repukes.

[Lasher]

1. Kudlow thinks more tax cuts for rich people is all we need.

That's worked out so well for us during the last 8 years.

[Roland99]

2. Now his concern about the auto industry? Is no bailout bullish or bearish for stocks?

Forget the tens of thousands of jobs that will be immediately LOST.



Fucking Repukes.

[Lasher]

9. He is a notorious supply-sider.

Giving away $350 billion to failing banks and brokerage firms = good because it's a massive transfer of wealth to the rich folks. Spending that money on buying up bad mortgages from individuals = bad because wealth would have been transferred to the unwashed masses. That's socialism!

Bailing out the big 3 = bad because those evil unions are helping auto workers hold out against the true salvation of third world compensation. Save that money for even more lavish payouts to senior management because there is no other way to attract that caliber of leadership talent to run entire industries into the ground.

That invisible hand will be trickling down the manna any time now, yessiree. Some more Larry Kudlow supply-side voodoo is all we need.

[OnceUponTimeOnTheNet]

3. Is this the FDIC Lady that testified this morning on Franks panel w/ Paulson

and Bernanke? I missed most of it, but some of our congresscriters liked her ideas.

[Roland99]

4. FDIC. Possible Sec of Treasury in the new administration (which would be a great pick, imho)

[Waiting For Everyman]

5. I wish she would be Sec. of Treas. too.

She's the only one who "gets it". And she has experience with this.

[OnceUponTimeOnTheNet]

6. Thank you for the correction. People on the Hill seemed to respect her today.

[spanone]

7. kudlow is an ass. can. not. watch.

[Strelnikov_]

8. She is a good Republican.

Guess some still exist.

[Loki]

10. No one is asking the obvious question....

are we willing to sacrifice national security on the chance that a bailout of the automobile industry would not help? What about that warranty on your new vehicle if all the automobile dealers go under, who will honor that service contract, China? Fucking, fucking Republicans. Send that broken Chevy, Ford or Chrysler to their Senate office and tell them to fix it.