Last night the Senate approved a bail-out bill as a way to pressure the House Republicans into doing the same. The heart of the bill, and the opposition to it, remained the same. It would enable the government to spend billions of dollars to buy bad mortgage-related securities and other devalued assets held by troubled [...]
Get on the phone: Blunt said one of the reasons he is more optimistic is that lawmakers are hearing less vocal opposition from their districts. He said that calls and e-mails to congressional offices that were running about 90 percent against the measure earlier now are at about “50-50.” It appears there’s another bill, and [...]
I’m sure that in a few days when the Democrats realize just what happened today they will wish they stayed in town back in September and talked about drilling rather than going home. Why do I say that? Because the seeds of what happened today were planted around Labor Day. Until Labor Day, the Republicans [...]
Meet John Boehner. This is the man (well, he and the other Conservative House Republicans) that stand between us and the bailout. Well, actually, there’s also a lot of politics involved—surprise, surprise. You see, the President, the Treasury Secretary, the Senate Democrats, the Senate Republicans and the House Democrats all want this bill. And they [...]