Political Equinox

I’m doing something I haven’t done in a long time - respectfully, yet diametrically disagreeing with Neil.

In order to understand the failure, we should first look at where this plan originated - the Bush Administration. This was a brokered bill; nonetheless, the original framework for the bailout was crafted by the Administration, lead by Treasury Secretary Paulson.  Like virtually anything that could had had a chance of passing the Untied States Congress,  the final iteration of the bill was a compromise through and through. In order to get behind the bill, Dems got executive pay limits added for companies selling their mortgages to the government as well as the ability to have controlling shares of some companies, and the Administration …

Tags: Bush, Congress, Democrats, george bush, IRS, president, republican

I am glad to say the bailout bill failed this afternoon. Even though we paid dearly with a near 800 point drop in the DOW Average, the blocking of this bill was a huge step forward.

I’m not sure who Speaker Pelosi was thinking when she gave her speech around 12:20pm, but she forgot who was in her audience. Pelosi gave one of the most divisive speeches I’ve heard. If she was making any attempt to unify Congress behind this bill, she failed miserably.

When you are attempting to bring two parties together, you do not attack one of the groups. That is stupid and it reflects upon Pelosi’s ability to lead this Congress.

She must be replaced. There is no option on …

Tags: Congress

I’ve spent hours combing over articles in the Wall Street Journal, New York Times, CNN, and blogs. It seems to me that this Paulson Plan is pretty far from getting any sort of okay from Congress, and I honestly hope it stays that way. Purchasing all this costs way too much money when all we really need to do is get the market for this stuff moving.

Of everything I’ve read, I find the proposal of top economist, Brian Wesbury. The plan has been most promoted by Dave Ramsey, the “Get out of Debt Guy.” While I sometimes question Dave’s macroeconomic theories, I think he’s made an excellent choice in going towards Brian’s (and likely other economists’) plan.

The Revised Bailout Plan

Suspend …

Tags: Congress, money, New York Times, obama, The Caucus

This is Third District Democratic Congressional Candidate Michael Montagano’s first commercial. Here’s some reasons why it is effective in fulfilling its objective:

Increase Name Recognition

Mike’s a great guy and will make an excellent congressman - but he needs to up his name recognition throughout the district. He’s been everywhere during the last few months – from the many festivals that take place in almost every Hoosier town during the summer to the various Democratic Party gatherings all over the district, he has diligently went out and met with the people and introduce himself personally to residents of the Third District (something his opponent has not had the …

Tags: Barack Obama, Bush, candidate, Congress, george bush, hoosier, IRS, obama, republican

With Obama dragging out his selection process for at least few more weeks, we’ve still got plenty of time to speculate about the myriad of potential candidates, but recently Indiana Senator Evan Bayh has been thrust into the spotlight as a likely choice for the VP nominations. Add to the fact that John Edwards is essentially out of the picture with his recent spectacle, Bayh has all the more chance of landing the job.

Bayh made a joint appearance with Obama last week in Indiana and appeared opposite Joe Lieberman on Fox News Sunday arguing vehemently in favor of Obama’s policies and giving that ever-so-famous non-answer to the …

Tags: America, candidate, Congress, evan bayh, healthcare, Hillary Clinton, hoosier, iraq, iraq war, IRS, joe lieberman, John Edwards, medicare, money, obama, polling data, president, republican, social security, Universal Healthcare, upcoming election, vp choice, vp slot