They did the tax cuts for the rich. It didn't work. They did the TARP

[Raven]

bailout. No one knows where that money went and it didn't work. They are out of ideas. They own the problem and they should shut up and sit down and let the adults solve it.

Obama should say this. I think he might before this week is over.

[MercutioATC]

1. Of what "adults" do you speak?

I'd sleep a lot better at night if I believed there was even one "adult" in Washington. Out idiots are no better than theirs.

[Raven]

2. Well, yeah, the Dems are only slightly more adult now that you

mention it! I guess I was really thinking of Obama.

[MercutioATC]

4. We've made a big step in the right direction, but we're not out of the woods, yet.

This bill is an example of that. Forget bipartisanship, our own party can't get together to craft a stimulus bill without mucking it up with all sorts of garbage.

Until we elect a Congress that has some modicum of reason, we're doomed to keep reliving this.

[babylonsister]

3. FYI, bank execs have to testify tomorrow-maybe we'll get some

answers...

Where'd all that money go? Bank execs testify Wednesday

By Lisa Zagaroli | McClatchy Newspapers


WASHINGTON — The nation's largest banks, battling an image of jet-setting executives with multimillion-dollar salaries, will face tough scrutiny on Wednesday from lawmakers who are struggling to understand the financial health of the institutions and the impact of a $700 billion taxpayer bailout.

Eight chief executives are scheduled to testify at a hearing of the House Financial Services Committee.

Lawmakers are hoping for a comprehensive accounting of what the banking giants did with the money they got from the Troubled Asset Recovery Program and whether it appears to be stabilizing the financial services industry.

Taking a cue from congressional scrutiny of auto industry executives who came to Washington hat in hand, the bankers are expected to avoid any unwanted attention about corporate travel. It'll be harder, however, for them to dodge questions about their executive compensation packages that include millions in bonuses.

"If they didn't get a bonus, would they knock off early on Wednesday?" said Rep. Barney Frank, D-Mass., the committee's chairman, who like President Barack Obama is pushing for more modest compensation packages set with shareholder input.

The House hearing will be watched on both sides of the Capitol, where lawmakers are struggling to justify how federal bailouts and an $827 billion economic stimulus bill would help typical citizens struggling to stay afloat at home.

more...

http://www.mcclatchydc.com/politics/story/61854.html