Comments on: Bailout Deal About To Hit A Wall? http://www.theamericanconservative.com/larison/2008/09/28/bailout-deal-about-to-hit-a-wall/?utm_source=rss&utm_medium=rss&utm_campaign=bailout-deal-about-to-hit-a-wall n. the principle of good order<br /><br /> "Observe the strange inversion of all order and sense! Dignity debased; how vilely is the function of a consul prostituted!" ~The Craftsman Fri, 10 Feb 2012 02:25:26 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: John Schwenkler http://www.theamericanconservative.com/larison/2008/09/28/bailout-deal-about-to-hit-a-wall/comment-page-1/#comment-14497 John Schwenkler Mon, 29 Sep 2008 17:51:32 +0000 http://www.amconmag.com/larison/2008/09/28/bailout-deal-about-to-hit-a-wall/#comment-14497 It's toast! It’s toast!

]]> By: John Schwenkler http://www.theamericanconservative.com/larison/2008/09/28/bailout-deal-about-to-hit-a-wall/comment-page-1/#comment-14494 John Schwenkler Mon, 29 Sep 2008 16:58:08 +0000 http://www.amconmag.com/larison/2008/09/28/bailout-deal-about-to-hit-a-wall/#comment-14494 Not sure if you saw <a href="http://www.fivethirtyeight.com/2008/09/news-accounts-may-overstate-public.html" rel="nofollow">this post</a>, discussing the ways in which pollsters' questions about the <strike>bailout</strike> economic recovery plan are influencing the answers they get. I found it pretty odd that Silver is arguing that "rescue" is a term with "negative connotations": it's pretty clearly a success verb, for one thing, which is well more than Paulson's shot in the dark deserves. He does cite a Pew poll from a few days earlier that showed 57% support when the plan was described as "investing billions to try and keep financial institutions and markets secure", but then admits that the real issue may be that public opinion has hardened against it over time. I certainly hope that your diagnosis - "more radical conservative and progressive attitudes prevailing in the public" - is the right one; it would certainly make life more interesting. Not sure if you saw this post, discussing the ways in which pollsters’ questions about the bailout economic recovery plan are influencing the answers they get. I found it pretty odd that Silver is arguing that “rescue” is a term with “negative connotations”: it’s pretty clearly a success verb, for one thing, which is well more than Paulson’s shot in the dark deserves. He does cite a Pew poll from a few days earlier that showed 57% support when the plan was described as “investing billions to try and keep financial institutions and markets secure”, but then admits that the real issue may be that public opinion has hardened against it over time. I certainly hope that your diagnosis – “more radical conservative and progressive attitudes prevailing in the public” – is the right one; it would certainly make life more interesting.

]]> By: Grumpy Old Man http://www.theamericanconservative.com/larison/2008/09/28/bailout-deal-about-to-hit-a-wall/comment-page-1/#comment-14487 Grumpy Old Man Mon, 29 Sep 2008 14:50:49 +0000 http://www.amconmag.com/larison/2008/09/28/bailout-deal-about-to-hit-a-wall/#comment-14487 Wisdom and courage are in short supply up there these days, and the rush to judgment has limited the effectiveness of the popular backlash. It took weeks for the grass roots revolt against shamnesty to have any effect. Wisdom and courage are in short supply up there these days, and the rush to judgment has limited the effectiveness of the popular backlash.

It took weeks for the grass roots revolt against shamnesty to have any effect.

]]> By: Daniel Larison http://www.theamericanconservative.com/larison/2008/09/28/bailout-deal-about-to-hit-a-wall/comment-page-1/#comment-14472 Daniel Larison Mon, 29 Sep 2008 05:37:24 +0000 http://www.amconmag.com/larison/2008/09/28/bailout-deal-about-to-hit-a-wall/#comment-14472 I believe you can watch C-SPAN feeds online. They will almost certainly have video of the roll call on their site tomorrow morning. It might seem logical to blame the opponents if the deal fails and the doomsayers are proved correct, but I think you will see more generalized anti-incumbent sentiment and both more radical conservative and progressive attitudes prevailing in the public. The public has been bombared with warnings of doom over the last week, and public opinion is hardening *against* the deal, so I anticipate that any economic difficulties that follow a failed deal will be pinned on the leadership and not on the dissidents who killed the deal. The "sensible center" is filled with the people who created the crisis, and when crises get out of control they attack the establishment, not the people who opposed the establishment. The response will not be strictly rational, but then anger and outrage are not rational. I believe you can watch C-SPAN feeds online. They will almost certainly have video of the roll call on their site tomorrow morning.

It might seem logical to blame the opponents if the deal fails and the doomsayers are proved correct, but I think you will see more generalized anti-incumbent sentiment and both more radical conservative and progressive attitudes prevailing in the public. The public has been bombared with warnings of doom over the last week, and public opinion is hardening *against* the deal, so I anticipate that any economic difficulties that follow a failed deal will be pinned on the leadership and not on the dissidents who killed the deal. The “sensible center” is filled with the people who created the crisis, and when crises get out of control they attack the establishment, not the people who opposed the establishment. The response will not be strictly rational, but then anger and outrage are not rational.

]]> By: John Schwenkler http://www.theamericanconservative.com/larison/2008/09/28/bailout-deal-about-to-hit-a-wall/comment-page-1/#comment-14471 John Schwenkler Mon, 29 Sep 2008 05:18:33 +0000 http://www.amconmag.com/larison/2008/09/28/bailout-deal-about-to-hit-a-wall/#comment-14471 Wow - if that happens, there are going to be LOTS of people who end up with egg on their faces, all of it well-deserved. The question of popular backlash is tricky, I think: no matter how unpopular the bailout - oops! I mean "economic recovery plan" - is right now, if it doesn't pass and there's a sharp economic downturn, it seems to me that it's going to be very easy to blame that on whoever opposed it. In any case I'm tremendously glad to see that the talk of a done deal may have been too hasty. It almost makes me wish I had C-SPAN so that I could watch the roll call tomorrow. Wow – if that happens, there are going to be LOTS of people who end up with egg on their faces, all of it well-deserved.

The question of popular backlash is tricky, I think: no matter how unpopular the bailout – oops! I mean “economic recovery plan” – is right now, if it doesn’t pass and there’s a sharp economic downturn, it seems to me that it’s going to be very easy to blame that on whoever opposed it. In any case I’m tremendously glad to see that the talk of a done deal may have been too hasty. It almost makes me wish I had C-SPAN so that I could watch the roll call tomorrow.

]]> By: quote of the day (III) « Upturned Earth || John Schwenkler http://www.theamericanconservative.com/larison/2008/09/28/bailout-deal-about-to-hit-a-wall/comment-page-1/#comment-14470 quote of the day (III) « Upturned Earth || John Schwenkler Mon, 29 Sep 2008 04:59:57 +0000 http://www.amconmag.com/larison/2008/09/28/bailout-deal-about-to-hit-a-wall/#comment-14470 [...] [UPDATE: Via Larison, the present version of the bailout bill - which is, for all intents and purposes, the final draft that there will ever be - may not have enough votes to pass. God bless Dennis Kucinich!] 1 Comment so far Leave a comment [...] [...] [UPDATE: Via Larison, the present version of the bailout bill - which is, for all intents and purposes, the final draft that there will ever be - may not have enough votes to pass. God bless Dennis Kucinich!] 1 Comment so far Leave a comment [...]

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