Wikinvest Wire

Legislative process sometimes not very pretty

Friday, September 26, 2008

It was short and sweet, but very clear. The silver-tongued leader of the free world has "willed" the much-needed bailout legislation into being and, therefore, it will happen.

Good Morning,

My administration continues to work with the Congress on a rescue plan. And we need a rescue plan. This is uh... it's hard work. Our proposal is a big proposal. And the reason it's big - and substantial - is 'cause we got a big problem.

We also need to uh... move quickly.

Now, anytime you have a plan this big, that is moving this quickly, that requires legislative approval, it creates challenges. Members uh... want to be heard, they want to be able to express their opinions, and they should be allowed to express their opinions. There are disagreements over aspects of the rescue plan, but there is no disagreement that something substantial must be done.

The legislative process is, sometimes, not very pretty.

But, we are going to get a package passed. We will rise to the occasion. Republicans and Democrats will come together and pass a substantial rescue plan.
Transcribing the words of our president once again yields a new appreciation for the political leadership in Washington.

While some doubters may have had their faith restored in the financial system - the gold market apparently didn't see things that way.
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7 comments:

Anonymous said...

Oh..... does everything always have to be about gold????

Bruno said...

Ok, W isn't a good president. But be careful what you wish for. There are numerous truly gifted speakers in politics who would just love to cut our financial throats for power.

John Edwards would probably have given a better performance and maybe even made us cry a tear or two. That doesn't mean you'd want him handling this either, as his solution would likely be something along the lines of sending that $700B directly to debtors so they can pay the loans off.

Has the TV age permeated so deeply that we now judge everything by performances, ala American Idol or Dancing with the Stars?

Criticize him for his free spending, govn't interventionist, look-the-other-way when my buddies are misbehavin' ways, but I don't care if a guy says "uh" a lot in an improptu speech. I'm much more worried about what he and his congressional pals are going to do with our currency.

Anonymous said...

there is neither form NOR substance with BOOOSH

Anonymous said...

I think Tim is just pointing out the fact, though implicitly doing so, that all the cocaine and alcohol Bush imbibed before ascending to the presidency has impeded his ability to speak coherently. His born again evangelical self reform may have saved his soul, whatever was left of it, but apparently did nothing for his speaking ability.

seebert said...

Bruno wrote:
John Edwards would probably have given a better performance and maybe even made us cry a tear or two. That doesn't mean you'd want him handling this either, as his solution would likely be something along the lines of sending that $700B directly to debtors so they can pay the loans off.

Ok, I'm having a problem understanding WHY that would be such a horrid idea. Why are you against a bottom-up solution to the problem that encourages a *lack* of future problems?

CityUnslicker said...

Look, do thiis deal. here I am sitting in the UK waiting for your US taxpayers to bail my ass out for free.

I love free rides, can you just get on with it.

I bought loads of gold too, double yeah!

applause will welcome.

What really worries me though is that our Prime Minister, gordon brown (who is as economically literate as greenspan) is in the US to back the plan. Famously, everything he touches fails...so looks like I may be disappointed come Monday.

james wilkins said...

The United States Constitution grants all legislative powers to the Congress, which consists of a Senate and a House of Representatives. The Senate also has "advise and consent" privileges in matters of treaties and nominations. The sources listed below include descriptions of the legislative process, a compendium of Senate rules and procedures, and a more detailed analysis of specific aspects of the process.yes i do accept it is some time not pretty.
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james wilkins

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