Woody wrote:This isn't new, but interesting
Found it in this article, which is scary, but not unexpectedThese findings, if true, have worrying implications. Cognitive dissonance won't help people make rational decisions, but it also suggests that there's little point in arguing with someone who holds an opposing belief.
Most of us here realize that by now.
thephan wrote:pacino's posting is one of the more important things revealed in weeks.
Calvinball wrote:Pacino was right.
Woody wrote:jerseyhoya wrote:No, I think that means that 33% of Fox viewers believe that WMDs were found, compared to 23% of CBS viewers, etc.
Dammit now I don't know what it means
jerseyhoya wrote:The Democrats have 235 votes in the House. You need 218 to pass legislation. There's more bipartisan agreement in the Senate, which is needed to prevent a filibuster.
BuddyGroom wrote:jerseyhoya wrote:The Democrats have 235 votes in the House. You need 218 to pass legislation. There's more bipartisan agreement in the Senate, which is needed to prevent a filibuster.
Dajafi's post after yours explained it well, but why should Democrats bear the burden of passing this alone. A lot of Republicans - if I were Pelosi, I would insist on at least half of all House Republicans - should have to commit to a "yes" vote before the Democrats should even allow this to come to the floor.
It's a different principle but I still recall that when Denny Hastert was House Speaker with a very small majority, he declared that no bill would be brought to a vote unless supported by "a majority of the majority". In other words, a bill could have had unanimous Democratic support and 49% Republican support - roughly 2/3rds of the House and Hastert would not have permitted a vote.
They've played this way a long, long time - they're not going to get a chance now to put this all on the Democrats. The pain and the blame will be shared.
BuddyGroom wrote:Read it - you want the Republicans to pony up 80 votes or so. Fine. Just putting in my two cents - thought some might find the old Hastert policy relevant to the situation.
BuddyGroom wrote:Read it - you want the Republicans to pony up 80 votes or so. Fine. Just putting in my two cents - thought some might find the old Hastert policy relevant to the situation.
TenuredVulture wrote:Except that Bush is a Republican, one who for quite some time had shut Democrats out of the governing process. Yes, conservative Republicans also have their beefs with Bush (This is actually turning out somewhat like Medicare Part D) but in the end, the obstacle here is a split among Republicans.
So, is it a pissing contest? Yes. Is it all the Democrats fault? Not at all. Now would be a good time for everyone to go and read Mann and Ornstein's The Broken Branch. It will explain how we've come to this point.
What do House Republicans want? A senior House Republican gave me and some other reporters a look yesterday at what a working group headed by Assistant Minority Whip Eric Cantor is demanding. The senior House Republican (hereinafter SHR) has what sounded to me like an ingenious approach. He cited Ginnie Mae loans to low-income borrowers, which the government can insure. He proposed that the government (presumably through the entity envisioned by the Paulson plan) offer to sell insurance to financial institutions that hold mortgage-backed securities (hereinafter MBS). Premiums would be determined by the rates of foreclosure on each class of securities so far. Under this plan, the government would be taking in money, not paying it out. Of course, if the premiums are not enough to cover losses, the government might eventually take losses, as it did when the savings and loan industry collapsed. But losses don't seem inevitable and in any case will mostly occur in out-years, not now.
So I asked the SHR whether a commitment by Paulson to consider an insurance program would be enough to win over a significant number of House Republicans. He said that a hazy commitment would not be enough, with the implication that the bill would still seem to House Republicans to be a Wall Street bailout with the implication that the government would be shelling out $700 billion of taxpayer money. I followed up by asking whether House Republicans would go along if Paulson pledged to use authority in the statute to set up an insurance program within a month of passage. "That would go far toward convincing [Republican] members," the SHR said. In other words, the insurance option may be the way to save this legislation.