« Yo, David Broder and the rest of the debate commentators, those dumb-ass boxing metaphors you’re using are leading us astray. | Main | Your Tax Dollars At Work: For McCain? »

Wild Ride

Today will be another crazy day in Washington and on Wall Street, as the House prepares for what everyone expects to be a close vote on the financial bailout deal put together over the weekend.

The bailout legislation survived a close procedural vote in the House this morning, but that may not be a true measure of how many Members will ultimately vote "no." The bill remains vulnerable among Democrats on grounds that it represents armed-robbery-by-extortion; among Republicans who are hearing from conservative activists that it's all socialism; and among politically vulnerable incumbents in both parties who naturally want to vote against it without actually suffering the consequences of finding out what would happen if it fails.

Prospects for the passage of the legislation aren't being helped by the negative reactions of the market this morning, which seem to be less about fears that it will be defeated than about disappointment that the bailout won't be as fast and as large as originally advertised by Paulson. Why rush to the rescue when the rescuee is already complaining?

Post a comment

Posting Policy

The Democratic Strategist's comments section welcomes intelligent discussion and debate from individuals representing every sector of the Democratic community.

Because of the spam problem, the first time you leave a comment you will have to sign up for a username by filling out a brief form. This just takes about two minutes and after that you will always be able to join the discussion just using your username and password.

Also, please note that all comments must be expressed in a mature and civil tone of voice. Individuals posting rude or otherwise inappropriate material will lose their access to the discussion.

Thank You, TDS staff

Thanks for signing in, . Now you can comment. (sign out)

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)


Remember me?