QUESTON: If meltdown were really imminent,

[snot]

why wouldn't those pushing the bailout present something that had a better chance of quick passage?

The bill defeated today was still outrageously deficient -- no meaningful oversight, no meaningful enforcement ability whatsoever, etc. (see http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x4116021 )

If they really needed something to sail through, they should have trimmed their wish list. The fact that they did not indicates to me that they either don't really care about averting meltdown or they don't really believe it's imminent.

[soulcore]

1. It's a $700 billion bluff! n/t

[EFerrari]

2. I think they did, according to their lights. If they'd have gone for more

it might not have been worth it for them, maybe? But that's an interesting idea.

[SammyWinstonJack]

3. I vote for the second option, *they didn't really believe it's imminent*.

[sandnsea]

4. Republicans wanted less oversight and a tax cut

They didn't even want the oversight we've got. How would adding more oversight get more Republican votes? And if you're talking about Dem votes, their plan is completely different and wouldn't get a signature. This is the best that could be agreed to.

[lapfog_1]

5. You do realize that the people that voted against this

want LESS regulation and LESS corporate taxes and NO capital gains tax, right?

It wasn't the lack of oversight or enforcement that caused this bill's defeat.

[aquart]

6. Lib Dems voted for it for the right reasons.

Conservatives voted against it for the wrong reasons.

And they were both wrong.

The bill sucked. It deserved to die.

[lapfog_1]

12. It's likely to be the best that they can achieve.

Or are you one of the ones that wants no bailout?

[Disturbed]

8. If this was so dire wouldn't Busholini have declared a

Natl Emergency & forced some form of Rescue?

The Rethugs just want a Bailout for the Wealthy so their Rethug Party coffers will still be replenished.

[aquart]

13. Not even sure they were planning to share with the Party.

But MY! didn't they just think they were clever!

[razors edge]

10. My Rep, M. Kaptur voted against it

on principal, (political principal that is) it just stank too bad to drag around on your shoe as you campaign in the future.

[I_Will]

7. if it were really imminent...

...they wouldn't be telling us about it :)

[kimmerspixelated]

9. Touche'!!!

Welcome to DU!

[Kip Humphrey]

11. Not as important as a religious holiday! ...no worry.

What a fucked up country!