Bailout and Free Marketeers
Posted October 5th, 2008 by Tom NealonCategories: Politics
It turned out, of course, that there weren’t really free marketeers who were standing on principle and holding up the bailout - just congressman scared of not getting re-elected and congressman who needed their wheels greased. The second bailout (same as the first with a bunch of pork and a 90 billion tax cut for rich folks in the form of a alternative minimum tax moratorium - in fairness the AMT does need some help) which weighs in at 451 pages (the original was 3) passed when 58 voters switched. As far as I can tell, anyone who switched is officially a tool - instead of going back and improving the bill, they just added a bunch of expensive crap to it. I’m sure some of the crap is fine, taken on its own, but this was a pretty sad day. For the record Rep. McDermott (D-Wash.) went from “yes” to “no,” the only one to do so. Rather than track down his actual reasons for doing so, I’m going to pretend he’s the last honest man in congress.
Our congressman, Stephen Lynch, voted no both times saying he thought it was unfair to taxpayers. At least he didn’t switch, though I’m not sure “fair” is what we’re shooting for here.











