A Reuters editor defends Rush Limbaugh. With Joan Walsh making a fool of herself (again) as a bonus.
[Update a couple minutes later]
Speaking of Joan, she doesn’t understand what a bailout is, either, and accuses those who do of being “liars.”
6 thoughts on “Time For A Hades Snowball Fight”
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My potted plant has decided to go after Joan instead of staying here to debate Jim. Oh, well.
We are traitors. We are un-American. We are unpatriotic. Obama is weakening our national defense on purpose.
check. check. check. check.
How is it a bailout if the owners loose ownership? How is it a bailout if the managers loose their jobs? All this bill does is what we’ve been doing with banks via the FDIC for years – setting up a fund and the authority to take institutions through the bankruptcy process overnight as opposed to months in court.
At the first link, Ed Morissey notes Joan’s apparent ignorance about the Bush years: “[T]he Left demonized the President and most of his administration in terms at least as ugly as anything said in the last fifteen months. No one seemed to worry about violence then, even when protests actually resulted in violence, such as at the 2008 Republican convention or at the WTO talks over the years.”
And how does the ObamaHitler meme stack up against the Bushitler meme?
Hitler would never decline to put military hardware in Poland, so I’m not eager to draw Obama/Hitler parallels.
Here’s a link for Joan Walsh:
http://www.andrewiandodge.com/2010/04/27/freedomworks_hate_tapes/
How is it a bailout if the owners loose ownership? How is it a bailout if the managers loose their jobs? All this bill does is what we’ve been doing with banks via the FDIC for years – setting up a fund and the authority to take institutions through the bankruptcy process overnight as opposed to months in court.
First, only a small part of management will lose its job. Someone has to run the business. It will continue to run by the people who were already running it. Second, if this went through bankruptcy court, there is the possibility that the owners wouldn’t lose ownership. This expedited process happens to be unfair to a particular group of people, whose assets are seized in the process. Third, I simply don’t buy that the bankruptcy proceedings are too slow to be useful. This is also an usurpation of the judicial branch’s power. Finally, fast bankruptcies, controlled by the executive government, using unaccountable methods like secret bids, are ripe for abuse.