Wall Street divorces GOP.

[Hamlette]

Economic conservatives may be horrified at the thought of a trillion-dollar bailout of Wall Street, but the GOPers on Wall Street seem horrified that they are being left to wither on the vine by Washington. Take a look at this email I just got last night from a money manager:

I am a lifelong ( 51 years old) "rock-ribbed" conservative.... What an eye opener this week has been! I now realize what a blowhard Newt truly is by advocating the GOP bail on the Paulson Plan. As a professional money manager I can tell you I am shocked, dismayed and depressed that the Speaker would excoriate the GOP to abandon this plan which is URGENT and necessary to avoid a financial catastrophe that once commenced may be irreversible. The level of ignorance of financial and economic reality displayed by the Speaker , Rep. Boehner, Sen. Shelby , et al, has been frightening and sad. I thought the GOP had a better grasp of such matters than the Dems. Apparently not. And if this has been pure election gamesmanship as I suspect? The willingness to play politics with the U.S. financial markets is appalling and disgusting.

I am a huge Reagan fan and admirer.I have voted GOP every election since 1976. Until now. Today. September 25, 2008. As soon as I finish this email I am going to try and get my $1000 McCain/Palin credit card donation back as I will not be voting GOP this year after watching this circus and the theatres passing as leadership displayed by the GOP. I am embarrassed to have been an erstwhile supporter of this gaggle of self-serving jerks. I hope the GOP lose their asses come November. They shall deserve it.
http://www.usnews.com/blogs/capital-commerce/2008/9/26/wall-street-to-gop-drop-dead.html

The GOP is, or soon will be, left with nothing but the crazy right religious nuts. It had to happen. The religious right will not compromise on any issue. Makes it impossible to build a coalition with them.

I wonder how McCain's fund raising is going about now. It will be very interesting to see September numbers.

Which reminds me, time to send a bit more to Obama.

[supernova]

1. Isn't that hilarious?

They are all for Laissez-Faire economic policies, let the chips fall where they may, lift ourselves up by our bootstraps, don't make people too dependent on government handouts ....

until all that free market talk applies directly to them!

Suddenly the idea of being left to fend for themselves is somehow ... well unpatriotic.

Truly hysterical. :rofl:

[maxsolomon]

2. welcome to reality, rock-ribs.

it's been here since before 1976.

[tridim]

3. Wall Street IS the GOP

How does that work?

[Barack_America]

7. The GOP is a party of many parties, same as the Democrats.

The GOP is the party of big business and socially and fiscally conservative Americans. (supposedly)

Just as we are the party of progressives and blue collar, union workers.

The House Republicans are saying "fuck you" to Wall Street in favor of their (larger) small town America constituency.

[Barack_America]

4. Yeah, but they still want 50% in the divorce settlement.

Around $700 billion or so. ;)

[nc4bo]

8. yea that's so true. nt

[nc4bo]

5. Just 1 question. Can you actually get your campaign donation back? Oh dear heh. nt

[Schema Thing]

6. Why? Why, you stupid festering fuck... did you...

think "the GOP had a better grasp of such matters than the Dems." ?

[spooky3]

9. "Only when MY ox is gored do I 'get it.'"

Typical Repug.

[DFW]

10. Even Richard Viguerie went bats over the bailout

Richard Viguerie may be my friend, but he certainly is NOT "our" friend.

He is as solidly Christian far right as they come, but even he is writing
everyone he knows trying them to sign a petition against the bailout in
its present form.

BTW--re: Richard......

Don't even THINK about getting on my case for having a guy like that as a
friend. When we first met, I was prepared to hate his guts, and much to
my consternation, I didn't and couldn't. We disagree on just about everything,
but we get along great. I shouldn't understand how Ruth Bader Ginsburg's best
friend on the Supreme Court could be Antonin Scalia, either, but it is.

[kenny blankenship]

11. Yeah this is going to be the end of the affair

Now the Repukes will be left alone with only the snake handlers and foetus fondlers.

[iceman66]

12. "The willingness to play politics with the U.S. financial markets is appalling and disgusting"

You can thank McCain's crack team of political advisors for that 100%.

[Waiting For Everyman]

13. I'm glad, but how could anyone be just noticing this?

Repubs 'eat their own' and so does Wall Street. Neither contingent have any idea what 'the common good' means. They'll be learning what it means real soon.

Maybe sometime they'll both get over their idealogical fantasies and notice the people who are going under from being way overcharged on mortgages (student loans, credit cards... ). I for one, am paying $800 too much per month on an OLD mortgage I've been stuck in b/c of medical bills, and I'm not alone. That could be buying a lot of consumer products or saved each month. As it is, it's money for no reason that goes to these banks which are failing anyway b/c they don't know how much greed is too much.

I've been watching this for 7 years while everyone else was ok... knowing that when others started losing their homes (and they did), and losing their jobs (they did, and will), and losing their pensions (ongoing now)... THEN, it would be a problem worth noticing. My boat's getting more and more crowded every day. Finally, the conversation is turning to what the problem is and has been.

As another poster said, nobody cares until their own ox is gored - well it's too late then. We need to care about what's fair and right even when it doesn't benefit us directly - that's something Dems as a whole do understand. Repubs learn slow, and forget quick.

People like this are on Wall Street or tv and paid so much b/c they are thought to 'know it all' and yet they are all surprised and didn't see this coming. But lots of people making dirt wages DID see it coming, did have it right, and said so to no avail. THAT'S what's wrong with America. It is so NOT a meritocracy, as we were led to believe years ago. We revere 'success' and not capability. By our 'common wisdom' anyone who is not competitive and not interested in 'climbing the ladder' is obviously a loser.

The one unifying belief that the religious right and Wall Street still have in common, is that whoever is having difficulties caused it themselves.

Just once, I'd like to see the mega-greedy who drove our economy into the ditch get totally and completely ruined... lose everything, be homeless, with no way out, and nothing and no one to turn to. THEN, they'd learn that they are not 'self made'. No one is. A 'bump in the road' can hit anyone, no matter how safe they think they are, and no matter how much money they have - it can disappear overnight. Then, the only thing that matters is a system that enables recovery. Every problem doesn't have to be a life-destroyer. Demanding perfection is unrealistic, but we do it. Now we'll pay for it.

[Zynx]

14. I would rather deal with Wall Street Republicans than Fundie Republicans.

At least the Wall Street ones I can trust to act in their own self interest.

[question everything]

15. Pleaes match your Obama donation with one for the Red Cross

which is really running on empty now. Any help to your local food bank and homeless shelter would be greatly appreciated, too.

[gravity]

16. Wall Street is pissed off

I mean McCain fucked up bad.

[DeepModem Mom]

17. K&R