Tuesday, September 30, 2008

You've got to be kidding, FT

From the Financial Times "Republican legislators ripped into a $700bn financial rescue package backed by almost the entire US political establishment. "


- 94 Democrats, members of the party holding an overwhelming majority in the American House of Reporesentatives, voted against the package, included 5 committee chairmen

- the House (democratic) speaker, besides being unable to keep control of more than one third of her party's votes, thought it was a good idea to lunch herself in an aggressive speech right before the vote criticizing the very idea of a bailout, putting all the blame on the republicans (first video) and casually forgetting the prominent role of the democrats in refusing regulations on Freddie Mac and Fannie Mae which could had avoided the subprime crisis (second video)

- Contrarily to McCain, Obama didn't even try to help the bill pass (NYT: "Aides to Mr. Obama said he had not directly reached out to try to sway any House Democrats who opposed the measure. ")

... and the republicans ripped into the package?

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