What They Said!
I cannot possibly hope to do any better than Riverdaughter and Anglachel on the current financial crisis. Please do read them extensively for excellent commentaries, links, and overviews of the risky, financially unsound nature of the Bush Administration’s $700 billion bailout proposal.
What She Said!
I would just like to bring up, once again, who knew that we needed to do something about the mortgage meltdown which started this financial crisis in March of 2007, and who, surprisingly, never said anything stupid like: “Nobody knows what to do.” She actually, like, had a plan and stuff. How uninspiring and unhopeful!
Democratic presidential front-runner Hillary Rodham Clinton on Tuesday called for penalties against mortgage brokers who engage in predatory lending and a $1 billion federal fund to help homeowners avoid foreclosure.
The New York senator has been critical of subprime mortgages, loans given to people with blemished credit histories or low incomes. Weak home prices and rising interest rates have made it increasingly difficult for borrowers to keep up with their payments; delinquencies and foreclosures are rising sharply.
“Today we have a clear choice: We can look at the statistics, wring our hands and continue to do nothing, or we can do what America has done in times of difficulty, acknowledge we have a real challenge and confront it head-on with real solutions,” Clinton said. “I think we need to act now with smart, practical solutions to strengthen our housing and mortgage markets.”
As we all know, it was absolutely beyond the pale that a woman should be so knowledgeable. And where, oh where, are the empty slogans, the lack of accomplishment, the ideological fuzziness that are so appealing to the American electorate? Best to pat the little lady on the head and send her on her way, with as many gratuitous insults and snot-nosed elitism as possible. That is, until we need her and her voters to prop up the inadequate man who was given her rightfully earned and deserved nomination. Then, we’ll just sweet-talk ’em until they come around. Wimminz are teh stoopid that way.
John Likes Andrew
Once again, things are not holding to their normal patterns this year. The Republican Presidential nominee wants to get rid of the current chairman of the SEC, and replace him with – Andrew Cuomo?
Senator McCain dropped a surprising name tonight when he was asked who he would want to replace Christopher Cox as chairman of the Securities and Exchange Commission: Andrew Cuomo, the Democratic attorney general of New York.
“I think he is somebody who could restore some credibility, lend some bipartisanship, to this effort,” Mr. McCain said, adding that he admired Mr. Cuomo’s work in New York. He said that Mr. Cuomo had “respect” and “prestige,” praising his tenure as secretary of Housing and Urban Development in the Clinton administration.
That is the second good, substantial idea I’ve heard coming from McCain -the first being picking Governor Sarah Palin as his VP nominee. Actually, this appointment isn’t a good idea – it’s a GREAT idea, and if Obama had suggested it, I don’t doubt that every Obaman in the universe who knew anything about Cuomo would have acknowledged it as such. On the other side of the aisle, I’m sure that Republicans who are sick of the corruption and looting of their pocketbooks by fatcat corporations would think it’s a great idea too.
Now, I’m still not planning to vote for McCain. I don’t need to, since my vote won’t count anyway, and I disagree with him on enough issues that I have the luxury of voting my conscience this year. But he is giving me hope that when he is elected, he might actually be an okay President who might manage not to screw things up too much worse than they already are. The audacity of hope, indeed!
Pass the popcorn.