Oxymoron Of The Week

3 comments September 24th, 2008at 10:26pm Posted by Eli

See if you can spot it:

Senate Democrats emerged from a meeting Wednesday with Treasury Secretary Henry Paulson to report a general, conceptual — but fragile — agreement on a $700 billion plan to rescue the U.S. financial markets.

Senators said Paulson and the Democrats struck very tentative deals on Democratic demands on oversight and transparency, executive pay limits, and equity interest on taxpayers’ behalf as part of the massive plan. A hard-fought Democratic provision to allow bankruptcy judges to revise mortgage terms was not likely to survive the horse-trading, however, as Paulson would not agree to the provision that is already in the House and Senate versions.

Majority Whip Dick Durbin (D-Ill.) said a bill could be produced as early as Thursday, with debate and a vote likely over the weekend. Ideally, Durbin said the Senate would finish the bill before Wall Street opens on Monday.

(…)

Senators described a very somber, serious meeting, with Paulson describing the risk of inaction and working hard to sell the plan to skeptical Democrats during the closed-door caucus meeting.

Fantastic.  Once again our heroic leadership saves the day by giving Dubya and Wall Street everything they asked for.  This will surely endear Obama and the Democratic Party to ordinary working Americans – the only thing that could make this even better is if the Republicans end up opposing it and McCain gets to pretend to be a mavericky populist.

Entry Filed under: Bush,Corruption/Cronyism,Democrats,Economy,Politics,Wankers

3 Comments

  • 1. Spear and Magic  |  September 25th, 2008 at 1:29 am

    Also acceptable: Democratic demands.

  • 2. Eli  |  September 25th, 2008 at 6:50 am

    Does “Not in the face!” count as a demand?

  • 3. Spear and Magic  |  September 25th, 2008 at 11:15 am

    Not when the blow is followed up with, “Boy howdy, that’s the last time we take it in the face!”


Contact Eli





Feeds

Linkedelia!

Most Recent Posts

Archives

Categories

Calendar

September 2008
M T W T F S S
« Aug   Oct »
1234567
891011121314
15161718192021
22232425262728
2930  


Thinking Blogger

Pittsburgh Webloggers

Site Meter


View My Stats *