Senator Brown (D. Ohio) wen on CNBC this morting and gave what Republican Representative Putman correctly called a "partisan rant".
Leftists (see entries over the past two days) obviously see a partisan opportunity in this bailout to extort a leftist takeover of the economy--an opportunity to "central plan" the way leftists want to central plan. Senator Brown was in no hurry to get a "deal" done. He said it was more important to get this "right", stay in Washington until leftists were successful in extorting the bill they want.
Okay. Brown did not use the word "extorting", but he might as well had. He basically said that this should not be a Wall Street bailout of any kind, but that taxpayers should be protected in multiple ways (see previous entries). He even added "conflict of interest" provisions to the "Christmas tree" list. I can't even imagine what he is talking about in "conflict of interest". Is he talking about the money Obama received from Fannie Mae, Freddie Mac, and Lehman Brothers. Is he talking about former Fannie Mae chairman Jim Johnson still being an Obama advisor? Is he talking about Bill Clinton admitting that Democrats blocked efforts by Clinton (lol) and Republicans to impose standards and limits on Fannie Mae and Freddie Mac, while Clinton Administration cronies like Frankline Raines (Obama crony too?) were creating the present mess at Fannie Mae (taking out 90 million dollars in the process)? Is he talking about Christopher Dodd receiving a "sweetheart" deal from mortgage company Countrywide Financial? Democrats have been up to their eyeballs in "conflict of interest" and facilitating the dangerous mortgage market. I digress (not really).
The point is that Senator Brown did not seem interested in a "bipartisan" attempt to "save" the country. He appeared to only be interested in a partisan attempt to get what leftist Democrats want, whether it "saves" our financial system or not. In fact, he seemed to be confirming my view that many (most?) leftist Democrats would prefer to see the financial system collapse, so long as they can blame it on Republicans.
Other "news" this morning indicated that Nancy Pelosi was back to that crazy idea of a "stimulus" package sending more checks out to all Americans but the "rich". Pelosi has always lived in a fantasy world, and seems not to realize that this bailout would be one of the bigger "stimulus" packages that this country has ever seen. Add further "stimulus" to the inflationary infusion of money--not to mention more deficit, on top of the bailout--would be insane. Oops! I forgot. Pelosi is as loony as they come.
If Republicans let Democrats get away with extortion here, the Republican Party might as well not exist. They are certainly not there for conservatives. This bailout plan is a betrayal of conservatives in the first place. If leftist Democrats are allowed to control what is already a Democrat central planning concept, then the Republican Party is of no use at all to conservatives. I, for one, will disown it. If "bipartisan" means giving Democrats what they want, as Senators Brown and Schumer, and Speaker Pelosis, obviously believe, then Republicans who buy into that sham are worthless. Yes, that would include McCain.
Do you see why it could be valuable to have Obama in Washington? If Obama could hold Schumer and Brown in line, maybe we could get a relatively "clean", bipartisan bailout bill. That is a bill I oppose, but at least a bill with a rationale to it ("saving" the country). Any other kind of bill represents a sell out of every conservative principle to no purpose. If Republicans so sell out, I will not forgive them (as I have not forgiven them, whatever they may think, for past sell outs).
P.S. Rush Limbaugh today went off the deep end--or so I thought--in several ways. He was ranting about how many expected (want?) the government to make a "profit" on this "rescue" (the word politicians prefer over "bailout"). Limbaugh's assertion was that leftists want to use that government profit (from getting into the investment banking business) to finance Obama's (and Democrats') proposed social programs and government spending. I initially thought that was a fantasy rant, along with the rant on taxes (see previous entry). Thinking about what Senator Brown said, I am not so sure. I get the feeling that, as usual, leftist Democrats see this as an opportunity to advance their policial, more power to the government, agenda in multiple ways. Senator Brown seemed determined to makea profit for the taxpayers, at any cost. Limbaugh may have the leftist plan here correct. Condition us to the "central planning' solution, and then take any profit to apply to more central planning increases in Federal power. And if it turns out that we (leftist Democrats) mess up the bail out so it doesn't work? So what. We can use that failure as an excuse for further increases in the power of the Federal Government.
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