Thursday, October 02, 2008

Bailout Burger, extra bacon, cut the taxes

The new bill, which is over 400 pages, is full of random tax cuts (e.g., property tax deductions for people who don't itemize), which is sure to please some conservative House Republicans and infuriate Democrats who think cutting taxes without cutting spending is irresponsible. It is also full of pork designed to please both Democrats (requiring insurance companies to cover mental health) and Republicans ($3 billion for rural schools). It is likely that the number of Republicans gained in the House vote will exceed the number of Democrats lost by more than 13 and the bill will probably pass the House tomorrow. Everybody was too busy adding pork to question the basic premise of whether giving former Goldman Sachs CEO Henry Paulson $250 billion immediately to help out his friends on Wall St. as he sees fit is a good idea.

So with public sentiment running so strongly against it, will tenuous Republican Senators on the ballot next month -- like John Cornhole, Saxby Chambliss, Norm Coleman, Ted Stevens and John Sununu -- pay a price for their support of the bill?

Update: Indeed he is losing the wingnuts. More at the LST here and here (read the comments).

What 2 Watch 4 in Da House: how many Blue Dogs jump off the bus. Pay particularly close attention to those in tight races, like Nick Lampson for example. And if endangered GOP Congresscritters like John Cumbersome vote for the bill, I say that would be the final nail in his coffin. (He won't.)

Update II: The Blue Dogs get the shaft. Ha ha.

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