rationalpassion ([info]rationalpassion) wrote,
@ 2008-09-29 19:52:00
Previous Entry  Add to memories!  Tell a Friend!  Next Entry
Keep Up The Good Work, America!
There is always the chance--and our political and economic "experts" passionately hope this will happen--that the American people will swallow this nonsense if the stock market falls enough.  Thus far, however:

"A colleague here at the Hoover Institution spoke recently with a senior, and Democratic, member of the California congressional delegation. In the last week, she said, her office had received roughly 15,000 telephone calls, letters, and emails. How many favored the bailout?

"Ten."

Keep it up, America!  Details on how to reach your representatives--something that seems impossible at the moment given the massive anti-bailout response inundating Washington--are here.  I've said that this bailout is ultimately unstoppable.   I still fear that is the case.  We'll see.

UPDATE: There's an interesting discussion in the comments about who's pushing the bailout and who's opposing it and the motivations of supporters and opponents.  Clearly, there are both good and bad reasons to oppose the bailout.  In said comments, noumenalself writes:

"I think (but I may be wrong) that this may be one of the rare cases where the left and the right really can agree at an important concrete level. The left is opposed to the bill because it will bail out *the capitalists*. We're opposed to it because it will *bail out* the capitalists. Merely a difference of emphasis? Truth be told, I'm more inclined to believe left-wing conspiracy theories on topics like this than on anything else. I would not be surprised it a great deal of the scaremongering is being pushed by the very business interests who stand to gain the most from a bailout."

As a former German Communist once said, the problem with capitalism is capitalists; the problem with socialism is socialism.




(Post a new comment)


[info]noumenalself
2008-09-30 08:47 pm UTC (link)
Seems to me that this is evidence against your view that Americans are largely stupid and/or irrational. (It was your worry about Obama, that they'd not learn any economic lessons from the disasters he'd cause.)

(Reply to this) (Thread)


[info]rationalpassion
2008-09-30 08:52 pm UTC (link)
I'm still worried that they're opposing the bailout for the wrong reasons. My own congressman, former Black Panther Bobby Rush, opposed it. I don't think it was because it was of his commitment to free-market capitalism. I think there are a great many people who, while unhappy with this bailout, would be perfectly happy with something much worse.

(Reply to this) (Parent)


[info]noumenalself
2008-09-30 08:56 pm UTC (link)
I think (but I may be wrong) that this may be one of the rare cases where the left and the right really can agree at an important concrete level. The left is opposed to the bill because it will bail out *the capitalists*. We're opposed to it because it will *bail out* the capitalists. Merely a difference of emphasis? Truth be told, I'm more inclined to believe left-wing conspiracy theories on topics like this than on anything else. I would not be surprised it a great deal of the scaremongering is being pushed by the very business interests who stand to gain the most from a bailout.

(Reply to this) (Thread)


[info]rationalpassion
2008-09-30 10:57 pm UTC (link)
I was right after all.

(Reply to this) (Parent)


Create an Account
Forgot your login?
Login w/ OpenID
English • Español • Deutsch • Русский…