Why are the Dems lining up behind the bailout?

[Aaron Brachowitz]

I don't get it. It's Bush's plan. It's for the rich. No, it's for the staggeringly rich. These two things alone should make it DOA with Democrats. Add in the fact that their base hates it (okay, everyone hates it). But Franks, Reid, Dodd, and Pelosi are all on board. Not one prominent Dem has spoken against it. The only thing a Democrat could like about this plan is that it's a vast expansion of government's role in the economy. But that's a very soft, long-term benefit compared to a pretty harsh short-term negative.

Now the House Republicans have taken up the charge against their own president's plan. Are the rank-and-file Democrats in Congress just total sheep?

[The Drunken Actuary]

I agree. I don't get it either.
I'm sure it's all politically motivated, somehow.

[win diesel]

Looks like Obama is running for Bush's 3rd term

[Incredible Hulctuary]

Originally Posted by Aaron Brachowitz

I don't get it. It's Bush's plan. It's for the rich. No, it's for the staggeringly rich. These two things alone should make it DOA with Democrats. Add in the fact that their base hates it (okay, everyone hates it). But Franks, Reid, Dodd, and Pelosi are all on board. Not one prominent Dem has spoken against it.

They have spoken against it in its current form. They want it to be more for helping Main Street than Wall Street.

[The Drunken Actuary]

Originally Posted by win diesel

Looks like Obama is running for Bush's 3rd term

So you'll be voting for him then?

[Aaron Brachowitz]

Originally Posted by Incredible Hulctuary

They have spoken against it in its current form. They want it to be more for helping Main Street than Wall Street.

Sure, they tinkered around the edges a little to pick up a few crumbs for the folks. But they're ready to pass something today if they can get enough Republicans to go along. Passing something today means passing the Bush plan in basically its current form.

[H.R. Paperstacks]

Originally Posted by Aaron Brachowitz

Sure, they tinkered around the edges a little to pick up a few crumbs for the folks. But they're ready to pass something today if they can get enough Republicans to go along. Passing something today means passing the Bush plan in basically its current form.

You're against something Bush wants to do?

[Darth Chef]

Originally Posted by Aaron Brachowitz

Sure, they tinkered around the edges a little to pick up a few crumbs for the folks. But they're ready to pass something today if they can get enough Republicans to go along. Passing something today means passing the Bush plan in basically its current form.

If all the Dems line up behind it and none of the GOP does they can pass it regardless since Bush isn't going to veto it. The Dems just want a significant part of the GOP to go along so they can have political cover when the bailout fails to accomplish its goals and only makes things worse (i.e. blows up in their faces).

[Keep It Real, Yo]

It will lead to far more oversight, something Dems love (though I wish the Repubs woulda tried some of that there oversightin')

[MarsLasar]

Because Paulson got down on one knee to Pelosi. She's a sucker for flattery.