Tag Archives: bailout

From McFudd to McThud

One thing I really didn’t like about the first "debate" was the way Mac avoided talking about the causes of the financial crisis, the history that he knows so well, and where the blame truly lies.

He had the perfect opportunity and he threw it away. Instead he just talked up the need for a bailout. Now some think Sarah should carry the ball. That’s not realistic. This is Mac’s game and a real chance to win, considering that only twenty-four percent support the bailout–or to lose it all.

Dems use bailout for radical pork

I had a suspicion the Dems would want to prolong the economic agony as a way to help their presidential candidate. When the economy falters, as the saying goes, the voters turn to the party out of power. Hence liberal Big Media’s partisan assertion all year that we are in a recession, despite the lack of statistical evidence for it.

But it never occurred to me the Dems were so cynical as to try to use the bailout bill to benefit the very groups whose radical missions (in pursuing no-money-down minority housing loans) helped create the mess. No, not Freddie and Fannie, but La Raza, ACORN, and the Urban League.

The Seablogger calls it "a kind of creeping civil war, conducted through politics, in accordance with revolutionary theory," which Mac probably knew about and was determined to thwart when he pulled his return-to-the-Capitol-to-look-presidential stunt. Presidential politics has always been fierce, and 2008 seems especially so, though I suppose if we’d lived in the 1850s, in the runup to the real, shooting Civil War, we might think this was all pretty tame.