If only we had control of Congress... (0.00 / 0)

* sigh *

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by: Semblance @ Tue Oct 21, 2008 at 20:44:16 PM UTC

schumer (0.00 / 0)

must be outraged!

Michael Bloomberg, prince of corporate welfare

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by: Will @ Wed Oct 22, 2008 at 06:27:38 AM UTC

[ Parent ]

Be interesting see how much, if any (4.00 / 1)

political capital President Obama spends "fixing" the bailout.

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by: david mizner @ Tue Oct 21, 2008 at 20:46:57 PM UTC

he certainly spent quite a bit of his political capital (4.00 / 2)

lobbying for the crappy bailout bill, twisting arms in Congress and calling in favors and using the bully pulpit to persuade the populace to support it.

All the things we were told he could not do to stop the FISA bill--because he was "just a senator, not the president yet"--he did in order to force this bill through.

And he did them in the teeth of massive popular opposition to the bill, from both Democratic and Republican voters. So much for the argument that he can't actually push hard on any issue before the election because he can't afford to antagonize moderate and conservative voters.

Ah well. I'm sure things will magically be completely different after his election, and the massive institutionalized corruption and inertia of the Washington establishment will somehow just disappear then.  

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by: limpidglass @ Tue Oct 21, 2008 at 22:52:27 PM UTC

[ Parent ]

thanks, Matt... (0.00 / 0)

...for continuing to keep this on the radar. Remember when, right after the invasion of Iraq, all the museums containing 5,000 years of Mesopotamian history were looted, and Rumsfeld declared with a shrug, "Stuff happens?"

This bailout is the final looting frenzy of an administration that has drained the public treasury for private gain for eight long years.

Stuff doesn't just happen. It's planned, and it's deliberate.

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by: Mathew Gross @ Wed Oct 22, 2008 at 01:26:55 AM UTC