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article imageOp-Ed: The Wall Street Rescue Properly Dies

By Mark L Harvey     Sep 26, 2008 in Politics
When America went to bed last evening, the vast majority more than likely lost sleep or frankly just didn't care about the rescue or highway robbery issue. I watched guard and was pleased that the measure failed. First, please review the following.
The Detroit News:
[...] Everything that has been done for the last six months has been done to cope with what previous actions were supposed to prevent. A perhaps pertinent axiom: There is no education in the second kick of a mule. [...] George Will
[...] Bailing out people who made ill-advised mortgages makes no more sense that bailing out people who lost their life savings in Las Vegas casinos. [...] Thomas Sewell
[...] There are no provisions for -- or even promises of -- disclosure, accountability or transparency. [...] William Kristol
Powerful statements but Conservatives are not quite done weighing in.
Fox News:
[...] I can't quite imagine that they're moving forward with it. I mean, it's wrong in every way. It's wrong to take money and bail out Wall Street. [...] Newt Gingrich
Voa News:
[...] There are those in the public debate who say we must act now...The last time I heard that, I was on a used car lot. [...] Mike Pence
Townhall:
[...] You’d think we’d have learned by now: when the backstop of the federal treasury makes it easier for politicians, lenders, borrowers, welfare recipients, government contractors, or anyone else, to serve their own self interest at the expense of the taxpayer, many will do just that.
That is why we continue to see self-dealing, moral lapses, outright fraud and lack of management and oversight in a wide array of programs and government-sponsored entities, from housing to Medicare, education and the Small Business Administration, all costing taxpayers billions, even trillions of dollars. [...] Fred Thompson
Naturally, those that support the socialistic purchase of the American Economy will complain. WaPo:
You're angry. I'm angry. House Republicans are angry. We're all angry at having to put up huge amounts of cash to rescue a financial system because a lot of very rich people rolled the dice with other people's money and lost.
Now let me tell you something very simple and very important: You can try to prevent a financial meltdown or you can teach Wall Street a lesson, but you can't do both at the same time. [...]
As usual, the gathering of congressional lifers that have been mooching off of the American Public for decades tried everything they could to distract, deceive, lie and distort the entire process of "bailing out" the criminals among their own rank and file. That much was and still it painfully obvious. For example, the following is a quote from one of the Presidential Aspirants.
[...] "Keep in mind House Democrats and Senate Democrats and me and the leadership are all pretty burned up about this thing," Obama said at a news conference after the TV interviews. "This wasn't happening on our watch. We weren't preventing some of the regulatory reforms that might have prevented us from getting here." [...]
Historical facts do not bear witness to the above statement whatsoever nor shall it ever.
While Barney Frank wallows in the quicksands of his denial, the American People by a vast majority know where this all started and who is to blame. We also demand that justice is served and heads roll over this. As Lindsey Graham announced that the congressional ignorance was dead for the time being, Paulson walked away dejected as Harry Reid opined that McCain was no help at all. I beg to differ with Reid. McCain did exactly what he said that he would do...ensure that the American People were protected and they clearly were not going to be.
However, the blame game will continue which will be a good thing in the long run. It will give everyone enough time to solidify the fact that it has been the DNCers that have brought this upon the nation, pure and simple.
As the American socialist imperialists whine and grind their teeth after being denied their day, they will try to spin and lie about who said what and why. This is getting pretty interesting to say the least.
I wonder if anyone in DC has consulted the United States Constitution as they debate.
This opinion article was written by an independent writer. The opinions and views expressed herein are those of the author and are not necessarily intended to reflect those of DigitalJournal.com
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