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Thread: Bush Admin. to hold off spending rest of bailout, let Obama help decide

  1. #1
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    Bush Admin. to hold off spending rest of bailout, let Obama help decide

    ABC Radio report saying that the White House is indicating it likely won't spend the rest of the bailout money now or may allow Obama to help decide how to use it IF spending it now (e.g. next 60 days) is deemed necessary. I think this shows some good cooperation since Obama will have to preside over this the rest of the way.

  2. #2
    Frankly, I agree with that move.

    It's Obama's show now, he should be making those decisions, with his advisors, as they see fit.

    If Bush and Obama agree pre-inaug. day, great, spend the money. If not, it should be Obama's call.

  3. #3
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    First smart move by the Bush Administration ever. Maybe they're starting the realize what these bailouts' legacy will ultimately be decades from now: the beginning of Socialist America. Might as well spread the blame around for it.

  4. #4
    Good move.

    It's important that Bush not tie Obama's hands in any new way going forward without Obama buying in first.

  5. #5
    Does anyone think McCain will be in Obama's Cabinet?

  6. #6
    [QUOTE=Guido Monzino;2867392]Might as well spread the blame around for it.[/QUOTE]

    I'm confused why you would think "blame" needs spread? The bill may have been suggested by President Bush, but it was clearly a Democrat Supported and Passed piece of legislation.

    It Passed the Senate 74-25 (1 Abstain). Of the 74, 40 were Democrats (52.6%). Republicans voted 33-15 for it.

    It passed the House 263-171. Of the 263, 172 were Democrats (65.3%). Republicans voted 108-91 against it.

    The Bailout, for better or worse, is as much (if not more) a Democrat Party responsibility as it is a Republican one. If the Dems were against it, it doesn't come close to passing. They already share the "blame" should there wind up any.

  7. #7
    [QUOTE=Warfish;2867468]I'm confused why you would think "blame" needs spread? The bill may have been suggested by President Bush, but it was clearly a Democrat Supported and Passed piece of legislation.

    It Passed the Senate 74-25 (1 Abstain). Of the 74, 40 were Democrats (52.6%). Republicans voted 33-15 for it.

    It passed the House 263-171. Of the 263, 172 were Democrats (65.3%). Republicans voted 108-91 against it.

    The Bailout, for better or worse, is as much (if not more) a Democrat Party responsibility as it is a Republican one. If the Dems were against it, it doesn't come close to passing. They already share the "blame" should there wind up any.[/QUOTE]

    The bailout bill was bipartisan. It was written by a Democratic congressional leadership at the urging of a Republican administration.

    Whatever blame or credit that follows will rightfully be shared.

  8. #8
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    [QUOTE=Warfish;2867468]I'm confused why you would think "blame" needs spread? The bill may have been suggested by President Bush, but it was clearly a Democrat Supported and Passed piece of legislation.

    It Passed the Senate 74-25 (1 Abstain). Of the 74, 40 were Democrats (52.6%). Republicans voted 33-15 for it.

    It passed the House 263-171. Of the 263, 172 were Democrats (65.3%). Republicans voted 108-91 against it.

    The Bailout, for better or worse, is as much (if not more) a Democrat Party responsibility as it is a Republican one. If the Dems were against it, it doesn't come close to passing. They already share the "blame" should there wind up any.[/QUOTE]

    1st of all, in no way am I letting the Dems off the hook here. They're equally to blame. But you're trying to inject logic into reality. You know that doesn't happen.

    In history books from here on out all anyone will recall is that the bailouts occurred during the Bush Presidency. End of story.

  9. #9
    What's the difference? The government is still taking money from tax payers to use it in a less efficient fashion.

  10. #10
    Another example that the government is conning you:

    They used fear tactics to push the bill through by saying they needed the cash ASAP to get the markets moving again. And now? Eh, it can wait until January.

    Wake up, people.

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