The failure of the bailout is a failure of leadership. In so many ways the Bushco has failed us and time after time they repeated their mistakes. There is no place left in the US that hasn't felt their ineptitude and corruption. It is my belief that if Bush wants to save his "legacy" (Goddess forbid!) he should get Mr. Cheney to resign and then appoint a care-taker as VP and then resign himself.
Japan has a history of folks falling on their swords when they fail, I am only asking for this group to quit digging the hold deeper.
I cannot fault any lawmaker from voting against the bill. We have not heard a coherent voice about the bill, its contents, its expected track or even its expected results. I firmly believe that Paulson is right, that something must be done. I do not believe that his proposal is the only way out, but I do not have any way to make a judgment on that and neither does anybody else. Our guys were thrown this thing a couple of weeks ago and no hearings have been held, no investigations have been done, just a heads down effort to deliver a package with some modifications to take King Henry's imprimatur off of it.
Congress has adjourned, so if wall street thinks things will happen quickly they are so wrong. If they thought the repubs still had the lock step thing going they, and us, were wrong. But a repub party in disarray is not a pretty sight. And we had dems who voted against this behemoth.
I think there could be a bill, but Bushco has to step out of the picture. Any suggestions as to who would be a good caretaker. I don't think McCain would be cause he is busy at the moment making an ass of himself and frankly, I don't want to interrupt that process!
What are your views? Do you think even a resignation would help at this point or would that just complicate matters? If Bush did, suddenly, decide his presence was not the boon and blessing he thought it was, who would be a good pick?