According to all the “Breaking News: THE SKY IS FALLING!!!” reports, the House rejected the Emergency Economic Stabilization Make the Moral & Intellectual Bankruptcy of the US Government Even More Obvious Act. Naturally, I want to see yeas & nays, since this is such a shock (I was assuming narrow passage). But after doing a search, and having to wait for the House of (alleged) Representatives’ website to man up after its Slashdotting, the page I got had this as the bill title:
“To amend the Internal Revenue Code of 1986 to provide earnings assistance and tax relief to members of the uniformed services, volunteer firefighters, and Peace Corps volunteers, and for other purposes”
Either they linked the wrong vote, or these people had the audacity to take the entire coronation of King Paulson proposal & stick it as a rider to something else. They’ve been doing that with many other bits of legislation, but to attempt it with this simply takes King Kong balls*. And to STILL fail? Brilliant!
If the talk about the vote is otherwise accurate, then the appearance of the reps commonly interpreted as “extremists” of either wing ending up closer to public sentiment than the “moderate” types that people like David Broder enjoy jerking off to is absolutely hilarious. One more crack in the common wisdom.
BTW: the juxtaposition of this not passing w/ the Dow dropping says a thousand words, none of which any MSM outlet cares to admit. An economic order that depends on regular bouts of armed robbery in order to sustain itself deserves to fail.
(* – Edit 100108: They did it again. The bailout bill the Senate passed was an amendment to…The Paul Wellstone Mental Health and Addiction Equity Act of 2007. My irony meter just nutted.)