Bailout Deal Falling Apart, And As An Added Bonus: O’Reilly Is A Complete And Total Idiot

The man went Hollywood a long long time ago..See what happens when you get caught on tape and you try to appease the very people you rail against nightly?!

We may need the bailout but it is socialism..

The group broadly agreed there was a need for:

1) a panel to conduct oversight of how the vast sums of taxpayer cash are spent;
2) taxpayer protections ” a way for taxpayers to receive some equity, through warrants, in the companies receiving government aid;
3) limits on executive compensation for officers of the companies receiving government aid ” regarding golden parachutes, bonuses based on erroneous earnings (or “clawback”), and tax deductions for bonuses;
4) but a source tells ABC News that there was a problem resolving the issue of how to help homeowners facing foreclosure. Democrats want to re-write bankruptcy laws to enable judges to re-negotiate mortgages; Republicans do not.

We extended credit to people that shouldn’t have gotten the credit in the first place, so what do the Democrats want to do?

NBC says the bankruptcy proposal is all but dead, but fear not. The same moon-eyed moron who did so much to get us into this mess isn’t giving up that easily:

Democrats also want any potential proceeds the government reaps from the bailout to go to a fund designed to pay for housing for poor families. Many Republicans oppose the very existence of the fund, which they say is a backdoor means of funneling money to liberal political groups.

Democratic demands that Congress be given greater authority over the bailout and that the government be required to help homeowners renegotiate their mortgages so they have lower monthly payments already have been accepted in principle.

Under the bailout bill, which will let the government buy huge amounts of toxic mortgage-related assets, “we’re now the biggest mortgage holder in town, and we can do serious foreclosure avoidance,” [Barney] Frank said.

It pays to be poor!   Boehner’s suddenly calling the deal a “non-starter” and Carl Cameron quotes the McCain campaign as saying it’s “all but dead.” Paulson also suddenly seems to think it’s on life support.

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2 Comments.

  1. OReilly says talk radio is full of idiots. Perhaps he is talking about “The Radio Factor” (his own show). In that case I would agree…I quit listening to it a long time ago.

    OReilly is an idiot imo…

  2. I watched for a bit last week and Megyn Kelly was explaining a legal point…OMG, talk about an idiot..He has never been the same after those tapes!

    I’ve never listened to his radio program.