Monday, September 29, 2008

Today’s Defeat


Stunning. That’s the only word for it.

We all knew that the House Republicans were against the bailout. But we also thought their leadership had agreed to the deal and that the package would now go forward.

Instead, the House’s Republican leadership could not keep its members in line. They voted “no.” Then the Republican leadership had the audacity to blame Nancy Pelosi for the “no” vote. That’s like blaming the U.S. for Japan’s attack on Pearl Harbor. What chutzpah.

Meanwhile, while the Republicans are fiddling, Rome is burning. The stock market fell off a cliff: Dow -778, Nasdaq -200, S&P -107. And still, the fundamental, underlying issues have not been resolved.

Events seem to be spinning out of control.

© 2008 Michael B. Lehmann

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