Monday, March 23, 2009

Susan Estrich is reading my mind

... and is reading the mind of a lot of Republicans outside of the beltway bubble. ("The Republican Vacuum") (via HotAir headlines)

How sad is it that this has to come from a Dem strategist?

Imagine how different things might be right now if there were a Republican Party. I mean a party like the one led by Ronald Reagan, George Bush or Newt Gingrich; a party with a program, a single set of talking points, and the technological and communications advantages to get their message across. That kind of Republican Party. The kind that doesn't exist right now.
If there actually were a Republican Party, they'd be having a field day right now. Not a Glenn Beck field day, but the Washington-politics kind, where you hold hearings and press conferences and announce alternate legislation; where you run ads in key districts making clear what's wrong with their approach; where you do radical things like unify to oppose earmarks, renounce all of your own and become a party that stands for something. Imagine that.

This is maddeningly obvious. And yet, here we are with Estrich throwing us a bone. For the love of Pete, there are oodles of people capable of doing this, but apparently none of them work at the RNC, NRCC, or NRSC.

She goes on:
Consider this AIG bonus mess. Could the Democrats have done more to assume the position of sitting ducks than they have on this one? Could you get a better symbol to bang over their heads than knowingly allowing hundreds of millions of dollars in bonuses to be paid while people are losing their jobs and struggling to hold on to their homes?
Wow, it's almost like I said that a couple of days ago. ("...put out the idea that it's unconstitutional and BLAME THE DEMOCRATS for not solving the problem...")

But neither of them [Palin or Jindal], as recent history has painfully proved, have the experience, gravity, understanding or credibility to go toe to toe with Tim Geithner, Larry Summers and the rest as to what the economy needs, and doesn't.

What a pathetic statement - we don't have somebody who can counter "Obama's Rumsfeld".

I am really tired of yelling at my TV.


Anonymous said...

Dang. I just noticed we lost "Sockless".


Anonymous said...

Hey Joe - thoughts on the new treasury program?


JoeCollins said...

The treasury program has a semi-respectable chance of working, and is probably better than anything that has been tried so far in that it helps inflate the price of the MBS while still allowing some degree of differentiation between them through a market mechanism.

Make no mistake though, this is a complete sweetheart deal for PIMCO and other big investment firms, and there will be some populist backlash against this once people realize just how sweet the deal is. I'm actually sorta in favor of it and it ticks me off too.

The TARP/bailouts were "lifeline" credit to the banks. This is a "you are almost guaranteed to make money" give-away to the private capital coming in, and the banks get second bite at the apple.

Anonymous said...

I think it's interesting - this program seems to have really brought out the partisanship in me. I'm 99% sure that if Bush/Cheney had proposed it I would've sh*t a red hot brick and had a good ol' tirade against cronyism and screwing the taxpayer etc - have had only a muted reaction to it coming out of the Obama/Biden Whitehouse and that makes me feel dirty...
- Matt

JoeCollins said...

There is no way to take any action on the MBS problem without having the gov't give money to somebody who wouldn't otherwise have it, whether that's banks or PIMCO or whomever. Is there a better plan? Maybe-to-probably. Is a better plan going to be that much better? Unlikely.

Samay said...

The thing is that The Bubble is the problem. There's such a disdain for "ordinary people" - look at John Kerry "hunting" or Sarah Palin's whole image.

It infects the media as well.

Personally, I think the way to fix this is to move power and influence out of New York and DC back to the states and other cities. (Oh my god, federalism! I'm such a bad liberal)

What do you think?

JoeCollins said...

yeah, first the commerce clause problems, now federalism, what's next?

it's a slippery slope.