Unfortunately, if someone can read this article he is probably too elite to matter:
Archive for September 23rd, 2008
The world is really upside down when Gingrich is making sense. Please, someone stop this (by the way, anyone else think the “bailing out foreign banks thing” was put in to get some Stamford-based pressure on Dodd – and, conveniently, funnel money to Phil Gramm):
I’m not quite sure how the Democrats are falling for this, but it seems they will amazingly push for the Bush plan, letting the Republicans – especially McCain – have the wonderful situation of voting against it and getting all the benefits from it. If it were to work – and, of course, it cannot, except in the modest way that shoveling a preposterous amount of money at a few banks will help those banks’ share prices – all credit would accrue to King Henry. When its failure becomes obvious, McCain can say he was always against it, and those Washington insiders of the Bush Administration and Pelosi/Reid were in favor of it.
If the situation were reversed – if a Democratic president were asking for some massive boondoggle to enrich his friends (you have to go with the hypothetical that there could be a Democratic president, and that if there were he would use his political capital on something other than getting a hummer from the chubby girl in the office) – would the Republicans even hesitate to refuse to move? They would filibuster until the bailout were amended to require CEOs to carry concealed automatic weapons and use those weapons to attack abortion clinics. They would not try to take one for the team, and under no circumstances would they let themselves be photographed while the Secretary of the Treasury pleaded for it.