The bailout bill tanked, as did Wall St. While the former is good, the latter is not so good, although hardly surprising. While it is good it went down to defeat, we have the House Republicans to thank for that. Yet, they are whining it is all Nancy Pelosi's fault. Because of a truly unremarkable speech she gave. So, not one shiny thin dime is going to the investment banks. Good. The House Republicans are the heroes. Not so good. They refuse to take responsibility for that failure, and blame the Speaker of the House, who doesn't have any control over their caucus. Whiny-ass Titty Babies.
Untangling the political mess will make crafting a bill that is actually good look easy by comparison. The only really good thing about this is that, as I said, the bill went down. I doubt, with the time left, another can be drafted that will survive. I think Boehner and his buddies poisoned the well with the blame game they played after the vote.
“This is the beginning of Bradford County,”
4 months ago
1 comments:
Although I am glad this bill failed, I fault Pelosi anyway. Her role is to craft a deal that everyone can support and she went about it in exactly the wrong way. Secret meetings with a select group with most members shut out. Members did not know what had been proposed, who proposed it, why it was included or excluded, etc., and then they got a hundred pages of legislation and were given 3 hours to pass it or the kitten would die.
As someone accustomed to working with voluntary groups of people, I'm sure you are aware that if you don't keep people informed and let them participate to some extent in the process, then you won't have the buy-in to be successful.
I'll bet Pelosi is going to go back and try to hack this bill until she can get more people on board. I hope she fails. I want the Congress to hold public hearings and public debate and inform themselves and the people about what's going on and how to fix it instead of starting with the Paulson template.
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