Quote:
Originally posted by Shane!
not necessarily
it still has to go through the house, yes?
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Ding!
And House Dems are now concerned that by adding A 100 BILLION DOLLAR TAX CREDIT FOR BUSINESS as well as what i call "The Britney Rule" requiring businesses who have at least 51 employees to provide mental health insurance, that 40-or-so Dems will now vote against the bill as the earmarks that Obama, Biden AND Mc"against earmarks cuz I'm a maverick"Cain voted for are only meant to get House Republicans onto it.
Personally I'm against any version of this **** due to (a) we have 700 billion to maybe pry the credit market back to liqidity but we can't insure 12-year olds? (b) Like hell am i giving a former Goldman Sacs chair 700bn to play with carte blanc (c) There's zero true oversight - Bush appointees do not count as oversight & (d) there is no proper regulations being placed on the morgate or lending industry to prevent this again AND the groups that could oversee it, like the SEC, are kept out.
I'm all for big government as I'm a liberal Democrat but seriously, why the ****ing **** are we to assume that 700bn to buy "bad" mortages will lead to banks to freely lend again? It sounds like wonky trickle-down economics and no one should be backing this. I personally hope it dies in the House again and Wall Street is forced to come up with a solution that doesn't involve McCain flying to New York and doing less that **** by phone. While skipping out on a Dave Letterman taping.