What did we learn from the great TARP rush, a 3-page piece of paper that everyone was told needed approval inside a week or "the markets" wouldn't like it?
That it makes sense to take expert testimony, first?
Well, today, Senate leadership introduced the auto "bridge loan" legislation, S.3688, on the floor, before experts have even weighed in, fully. It's what you might describe as ... a solution that lacks imagination.
High level politicians are not risk-takers. Is that what is going on up there? It's hard to tell. Everyone seems paralyzed.
This Bill, if it passes, is what the Democrats will be saddled with politically. Is this one-pager really the what the best minds in the Democratic party have come up with, for this important step that will be part of the Obama legacy, whether he was President at the time, or not?
Tuesday, November 18, 2008
Lame Ducks
