The Senate passed a revised version of the bailout bill and today the House followed suit. A(n even more) substantial helping of earmarks swayed many who had initially campaigned against the bill. Sigh. And already, the State of California is jumping on the bandwagon and asking for a cash transfusion from the Federal government.
My illusions about Obama were long-ago torn away: he is committed to raising taxes and he will pay for bailouts with tax increases that will directly cause further contraction of the economy. I was hoping McCain would show some moral backbone, but I was disappointed. The dinner bell has sounded, all the critters are rushing for the trough.
If authority rewards a behavior, expect the behavior to reoccur. That's somewhere in Pedagogy 101. I distinctly remember that part...
Mojo Bison's Range
(Where
Unintended Consequences Roam)
"Horror of horrors, a historian who is not a progressive or a Democrat!
Will we never see the backside of him?" (Be careful what you wish...)
One man's musings on history, politics, education, recipes, and other
things (including the occasional paean to Manly Outdoor Pursuits)
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