At 1 p.m today we had "fundamental agreement on a set of principles". At 5 p.m today John Boehner spoke on behalf of House Republicans declaring no deal.
Cleared and queered in a matter of hours.
(Please, no one take offense at my use of the phrase "queering the deal". Except for you queers in the Congressional Republican delegation.)
This crisis is tailor-made for the free marketeers: if the deal passes, every one of them can point and scream "Socialist!" at their Democratic opponents. If it fails they can declare that they fought the good fight to the voters (since public opinion is running overwhelmingly against the bailout).
So to recap -- Bush insists the Democratic Congress bail out all of his Wall Street buddies, so that the Republicans in the Senate and House can both vote against it and continue taking the campaign contributions from their Wall Street buddies. It's really a perfect scenario; that is, if you're the prototypical conservative hypocrite.
And of course, we all continue to wait while McCain stalls on showing up for tomorrow night's debate.
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