Question (0.00 / 0)

If no bail out, even in a compromise bill... What IS the alternative/solution?  

I'm curious.  I am sympathetic to arguments that no alternatives have been shown, the dems are being railroaded, etc.  But what is the alternative?  The mere argument that there has been no time to find an alternative will not by itself kill this bill, IMO.  

If we want congresspeople to vote against the bailout, there should be a better alternative they can fall back on.  For Republican crazies, that's lower taxes and less regulation.  What's the specific progressive proposals?  I ask because I truly have not seen them laid out with any specificity to this point, in any organized fashion...

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by: Sauceman @ Mon Sep 29, 2008 at 09:46:26 AM CDT

Have you read this ... (0.00 / 0)

http://www.dailykos.com/story/...

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by: Calvin Jones and the 13th Apostle @ Mon Sep 29, 2008 at 09:55:52 AM CDT

[ Parent ]

I have (0.00 / 0)

And I am, like I said, sympathetic.

And to be intellectually honest, I went and did some additional rooting around on the internets for some alternative proposals.  

There are some aspects of this proposal made by Roubini that I can sign on to:

http://www.forbes.com/opinions...

That being said, I'm not seeing the House Progressives rally around a proposal and throw a wrench into negotiations like the House Republicans did; effectively hitting the reset button and going from essentially the Dodd plan to what looks like a much-watered down version of the Dodd plan.

I guess it's one thing to rail against the Blue Dogs.  I expect some of this stuff out of them, and Pelosi.  But the House Progressive caucus isn't earning me any favors either.  Last week someone should have taken initiative and drafted a pure progressive proposal, within the House, and promoted it as a viable alternative.  

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by: Sauceman @ Mon Sep 29, 2008 at 10:11:44 AM CDT

[ Parent ]

are you really advocating doing nothing? (0.00 / 0)

And just letting the economy potentially collapse?  How much will THAT hurt "the people"?

I see a lot of railing against this bill, but very little actual analysis of the likely consequences of alternatives.

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by: ccarollo @ Mon Sep 29, 2008 at 10:37:10 AM CDT

Oh please (0.00 / 0)

That's completely out of context and unrelated to the bank bailout.

Argue against the bank bailout but do it with real logic like your DeFazio post.

John McCain: Beacuse lobbyists should have more power

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by: Populista @ Mon Sep 29, 2008 at 11:54:54 AM CDT

Because 19th century presidents (0.00 / 0)

are always right when it comes to 21st century economics.

We should have nominated Ron Paul. What this economy really needs is a return to the gold standard.

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by: Jack @ Mon Sep 29, 2008 at 12:27:40 PM CDT