You thought this and this were bad?

H.R. 1424

H.R. 1424 Section by section summary

When enough votes were counted to confirm passage they cheered and clapped. “Hooray for fascism!”

Roll call found here.

The stock market has dropped about 2% 3% after the vote.

Barney Frank:

We can’t stop here. We need to do more. It’ll be like FDR’s New Deal. I don’t see how giving the Fed the ability to buy up assets are infringing on individual freedoms. Those who in the recent past advocated no regulation were the most successful.

We do not have adequate constraints on risk taking. Those who were regulated survived. We see a flight to regulation.

We don’t know how this [the bailout] will work.

GAH!!!! Out and out fascists. Those who supposedly were free market, deregulators he speaks of and he himself and his buddies. YES… some know how it will work. You just don’t listen.

Nancy Pelosi:

This is a big thick bill! Ha ha ha. Wow, it’s ready already. It normally takes longer to get to sign.

The Wanna-Be Vice Dictators
Posted by Anthony Gregory at 08:12 PM

They both want more regulation, more totalitarian “oversight,” more national socialism. So far, the only debate is centered around a lie perpetuated by both sides: That the Republicans are for smaller government.

McCain Is a Socialist, Too!
Posted by Anthony Gregory at 08:15 PM

Palin argues that McCain is anything but laissez-faire. After all, he’s for campaign finance censorship and tobacco nanny statism.

She’s Getting Away With It
Posted by Anthony Gregory at 08:19 PM

The key for McCain is to somehow run against the status quo, to run against his own party’s recent legacy. Palin says that we shouldn’t trust national health care, unless we have been happy with the way the feds have been handling things lately. Of course, she is right. Those who hate the Bush legacy — meaning, total statism — should logically oppose socialism too. But the McCain/Palin administration would be more of the same, more Bushism, more socialism. This severe ideological confusion helps both parties, and creates the illusion that there is a difference between the two.

Biden is getting away with it too, blaming the Republicans for shrinking the state. I can’t stand either one.

The Elephant in the Room
Posted by Anthony Gregory at 08:23 PM

They both support the fascist bailout. They both support a trillion-dollar foreign policy and a multi-trillion dollar corporate/entitlement state. They are debating over millions when the state they wish to run spends trillions. Even assuming the greatness of mass democracy, this is a grave injustice. They should be debating big, real issues. Not this trivia.

Meanwhile, the McCain campaign continues to campaign on the fact that for a few days they nominally stopped campaiging.

The GOP’s Embrace of Autarky
Posted by Anthony Gregory at 08:30 PM

When, by the way, did the Republicans and almost all conservatives come to champion the frightening and economically ludicrous concept of “energy independence”? What they mean, of course, is autarky and socialism: All energy produced within America, and every single form of energy — solar, coal, oil, nuclear, wind, etc. — subsidized massively by the federal government. Even the Alaska drilling issue isn’t conceived of with anything approaching market reasoning. “We,” as in the federal government, should drill.

(Although the Republicans are more skeptical of the global warming zeitgist, they seem willing to champion big government programs such as carbon emissions limits to address climate change. Hey, environmentalists, with all the Republican leaders and corporate state adopting this line, you know it’s wrong.)

Biden Just Admitted It
Posted by Anthony Gregory at 08:39 PM

Obama’s Iraq withdrawal plan is the same as Bush’s. Biden does say, however, that the Dems will end the war, eventually. Palin doesn’t even make this much of a promise. On foreign policy, the Dems still seem slightly better than the Repubs.

On the other hand, “Pakistan already has nuclear weapons,” Biden points out, and so, I guess, we should be at war with them.

A Relief
Posted by Anthony Gregory at 08:54 PM

Well, at least both say Israel must be protected at all costs, that nothing is more important, and that Iran is the greatest threat ever. Indeed, they both accuse the other of being insufficiently determined to keep the Persians in line.

They also agreed on gay marriage, just as Bush and Kerry did: More equality under the law but no marriage for homosexuals. Same exact position. Different emphasis.

Dodd Amdt. No. 5685

H.R. 1424: Genetic Information Nondiscrimination Act of 2008

Both votes, as one would expect, were the same.

Here is footage from the response by leaders of the Senate after the passage. I apologize for the sync. I ripped it from a Realaudio stream and am too lazy to figure out why the conversion is off.

These guys are really self absorbed ass hats. They pushed for programs which caused this mess and now they blame others even when the evidence is overwhelming. The talking heads in the MSM generally just parrot the Democrats and Republicans condemnation of the supposed free market we have and their call for fascism. And what is that Dodd said? “America I hope saw Congress, the United States Senate, acting as the forbearers and the Founders intended it to act.” I’m not sure but voting completely contrary to their constituents desires doesn’t seem to be what the Founders intended in a representative democracy.

http://www.nytimes.com/2008/10/01/us/01midway.html?_r=1&em&oref=slogin

Midway Airport is poised to become the first large privately run hub airport in the country, officials said Tuesday, after an investment group bid $2.52 billion to win rights to a long-term lease.

Almost all commercial airports in the United States are owned and operated by local or state governments, and Midway is no exception. But Midway is eligible for leasing because the city applied to the F.A.A. to take part in an experimental program begun about 12 years ago to explore privatization as a means to generate capital for improvements.

Congress has allowed the agency to permit up to five airports to take part in the program, and if the Midway deal is approved, it will be the first.

Airports in the program are subject to the same federal oversight as public-use airports.

“As the first privatization of a major American airport, this transaction will provide unprecedented benefits for the traveling public, the airlines and the taxpayers of Chicago,” Mayor Richard M. Daley said Tuesday at a news conference here. “For the traveling public, the lease will mean the benefits of a world-class airport operator whose airports have been acclaimed for the range and quality of their amenities and service.”

This isn’t a priviatization as in a capitalist private institution is “priviate.” This is corporatism. The lease is owned by a company which now has a monopoly on that service an a particular area. They are also under the thumb of the federal government so they’ve just privitized the gains. In this case this priviatization may lead to a better result if completely cut from local interference or money. If they are being paid by the government in any way they will likely ripoff the taxpayer.

http://money.cnn.com/…

“This is the first time in the history of United States that anything has been done by Congress to curtail excessive CEO compensation,” said House Financial Services Chairman Barney Frank, D-Mass, on Sunday. “It’s not everything we’d like, but it’s a very good beginning.”

“A very good beginning.”? They regulate the hell out of the corporations which they help artificially inflate by supporting the Federal Reserve System. Effectively controlling a significant portion of their business. Now they are nationalizing components of them or creating sweetheart deals for their friends in other firms by taking over a failing company instead of letting them work through bankruptcy. Allowing the likes of Citi Group and JP Morgan Chase to purchase assets deemed nearly worthless by the FDIC. Now Frank is bragging about how they have a foot in the door to controlling salaries of CEOs. If that’s the beginning the end is little better than complete state socialism/communism or the more likely fascism.

Is he ignorant or malicious? I hope the former. Perhaps than he could be convinced to read F.A. Hayek’s The Road to Serfdom.