POLITICS, DOOMS the bailout...

www.fivethirtyeight.com...

Swing District Congressmen Doomed Bailout
This was predictable, I suppose, but it's remarkable to see how strong a relationship there is between today's failed vote on the bailout and the competitive nature of different House races.

Among 38 incumbent congressmen in races rated as "toss-up" or "lean" by Swing State Project, just 8 voted for the bailout as opposed to 30 against: a batting average of .211.

By comparison, the vote among congressmen who don't have as much to worry about was essentially even: 197 for, 198 against.

A complete breakdown follows below the fold.

reply to post by mental modulator


Care to add an original thought of your own?

Or did you just want us to read this?

THIS makes sense...

ALL the people who threatened their REPS at the ballot seems to have had an impact.

IF you look at the ratio of YA and NAY in swing districts it becomes clear...

BOTH sides of the isle are looking to save their campaigns.

Originally posted by nyk537
reply to post by mental modulator

 

Care to add an original thought of your own?

Or did you just want us to read this?

I was typing speedy...

I think some of this may be true. More so for the democrats than republicans though.

The house republicans have their own proposal that includes free market solutions to this problem.

They have fundamental disagreements with this bail out.

The dems just don’t want to take responsibility for its failure.

No time to stop now.

Keep calling and demand they not feed Audrey II.

reply to post by nyk537


I also think if the economy completely tanks these REPS will be DOOMED themselves.

ITS a hard one, and it is even harder to determine what is the right move at this point.

I DO NOT want to bail out any RICHY, I'm a lefty who things richy is already to powerful and to influential. I would much rather bailout, by renegotiating all the foreclosures.
Hence the money would still go to financial institution anyways. DOUBLE good impact...

Originally posted by nyk537
I think some of this may be true. More so for the democrats than republicans though.

The house republicans have their own proposal that includes free market solutions to this problem.

They have fundamental disagreements with this bail out.

The dems just don’t want to take responsibility for its failure.

THATS good spin and is very helpful!

Originally posted by nyk537
I think some of this may be true. More so for the democrats than republicans though.

The house republicans have their own proposal that includes free market solutions to this problem.

They have fundamental disagreements with this bail out.

The dems just don’t want to take responsibility for its failure.

On a more realistic note this is a perfect storm of free marketeering, regulation and deregulation.

I worked in sub prime 2003-2005... This stuff was going on since 2001...

THE loan officers would fund anyone with a heartbeat. In fact there was a specific way to request income documentation that would USE regulation and deregulation to break the spirit of the law.

I think it would be more apt to say "The American people Doom the bailout". Much more truthfull.