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View Diary: Bill Halter comes out swinging - SLAMS (!!) Lincoln for bailout vote (193 comments)

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  •  It was one of the right things to do (2+ / 0-)
    Recommended by:
    Gary Norton, blueoasis

    but to the extent that it hasn't solved the problem - a problem created by Blanche Lincoln's vote in the first place - it's not particularly popular.

    And it hasn't fixed the jobs problem.  That's the message here - Lincoln supports businesses and banks but doesn't support working Arkansans.  Bill Halter isn't opposed to business, but he wants to make sure that jobs are created (something Lincoln hasn't really addressed except through union-busting and plans that make a living wage impossible).

    The key is Halter's ability to walk the line between being pro-labor and being pro-job creation (which will require buy-in from corporations).  Halter can win the "base" but can he win the general election?

    If we only succeed in destroying Lincoln we will have done the wrong thing.  6 years of a GOP Senator won't help Arkansas and it won't help the Democrats.

    "It is a serious thing to live in a society of possible gods and goddesses." - CS Lewis, Weight of Glory

    by Benintn on Mon Apr 12, 2010 at 11:54:26 AM PDT

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    •  I understand the message, but that doesn't excuse (1+ / 0-)
      Recommended by:
      KiB

      the substance being wrong when it comes to TARP.  Nor does it excuse using the cheap "bailout" frame when almost all the money has been paid back.

      I get what he's trying to do.  And I like Halter.  But I'm allowed to call bullshit when I see it.  

      I'm shocked to learn that 1 in 12 Americans do not know that the bird, is in fact, that word.

      by dansac on Mon Apr 12, 2010 at 11:56:05 AM PDT

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      •  Agreed (3+ / 0-)
        Recommended by:
        dansac, Alice Olson, KiB

        This will help move votes into his column, but like all the bailout drumbeating, it comes at a high cost. I can't use this analogy enough: the public is blaming the chemo when it should be blaming the cancer.

      •  Do you think TARP was good for Arkansas? (1+ / 0-)
        Recommended by:
        lgcap

        Because as far as I can tell, there were a whole lot of "bottom feeders" who were ready and willing to buy out toxic assets ... but not at full price.  Arkansans felt frustrated that their fiscal discipline and restraint wasn't rewarded, and that New York/California/Florida got bailed out while they paid the bill.

        I'm not saying it's fair.  I'm not saying you're wrong.

        I'm just saying that's what Arkansas voters are thinking.  Especially in rural districts.

        "It is a serious thing to live in a society of possible gods and goddesses." - CS Lewis, Weight of Glory

        by Benintn on Mon Apr 12, 2010 at 12:08:48 PM PDT

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        •  That's not what TARP did (0+ / 0-)

          First, it wasn't a bailout - as you say it was.  Most of the money has been paid back.  In many cases with a profit.  

          TARP wasn't about removing toxic assets from the banks - that's what PPIP was about (and fair enough to debate that).  TARP was about giving banks enough capital urgently so they didn't collapse, period.  

          So yes, I absolutely think it was good for Arkansas.   I don't see how Arkansas would have benefited from a collapsed financial system.

          TARP is not a bailout for NY/CA/FL - Bank of America was in North Carolina (with branches everywhere).   Why did you not include that?

          To recap - TARP was not about removing toxic assets from the books, and was never meant to be.   Nor was it a bailout.

          I'm shocked to learn that 1 in 12 Americans do not know that the bird, is in fact, that word.

          by dansac on Mon Apr 12, 2010 at 12:19:08 PM PDT

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          •  P.S. I realize the irony (0+ / 0-)

            that TARP is called the Toxic Asset Removal Plan - but in reality it never was.  It was about giving banks capital so they don't collapse - anyone who thought it was anything else was fooling themselves.  That's why other plans like PPIP came-out after TARP to try to deal (with mixed results) with the toxic asset issue

            I'm shocked to learn that 1 in 12 Americans do not know that the bird, is in fact, that word.

            by dansac on Mon Apr 12, 2010 at 12:24:40 PM PDT

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