Congressional Democratic leaders -- who railed against Sen. Johh McCain for introducing presidential politics into negotiations on the bailout of Wall Street -- today praised themselves and Sen. Barack Obama for his efforts to pass the legislation.
So much for keeping this economic crisis non-partisan.
The bailout's passage today in the House is supposed to have rescued older people losing money in their investments on Wall Street. Yet as Rep. Clyburn spoke in praising himself and other Dems, the Dow Jones Industrial Average fell to almost zero. Before the bailout, it has been up more than 300 points.
Someone call the publishers of the Guinness Book of World Records. That must be a record for legislation failing. The Dow now has bounced slightly up by 70 points.
This morning, the Feds reported that 159,000 Americans lost their jobs last month. That trend is going to continue, despite passage of the bailout. You can't cheat economic cycles, nor 25 years of fiscal shenanigans by both political parties.
I'll let you know how Rep. Marsha Blackburn and the rest of Tennessee House members voted on this betrayal of taxpayers and free, open markets.
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