Photo credit- The Daily Shocker
Watch the Democrats fall for the trap anyway:
Afterward, Texas Rep. Joe Barton took the unusual step of telling reporters that he had politely given Cheney a piece of his mind – the sort of dissent Republicans considered unthinkable during much of the Bush administration’s reign.
A full-throated Republican revolt could create huge problems for the administration and congressional Democrats scrambling to assemble a package to reassure jittery markets. It could also preserve the Republicans’ options after the fact – if the bailout doesn’t work or proves deeply unpopular with voters, they can say they opposed it.
Stupid is as stupid does. For christ sakes, Democrats. Gingrich. Remember him?
*** Update ***
I just listened to Erin Burnett say, with a straight face, that Paulson and 90% of the financial wizards in the country think think these junk assets are worth more than what they would command if they just went on the market right now, and that in a “fair” market, they would be worth much more. Apparently that is the real problem right now. The market is unfair.
Viva La Revolución! Long live the “fairer” people’s market!
*** Update #2 ***
Obama sliding into the trap. The real crisis of confidence is that no one has any confidence in the administration, or, for that matter, Washington. Even if this plan is desperately needed, we have been lied to so much that we can not trust them to do the right thing. Especially not when there is this much money involved.
I just get the feeling that no matter what happens, we are screwed.