The Senate version of the Bailout bill is out and there are plenty of names to name. Clearly it's time for John McCain and Sarah Palin to begin Naming Names if they expect to retain any credibility in this matter and win the upcoming election. To date, McCain hasn't used this bill as an example. Instead, the first pork + earmark laden big spending bill that's come across his desk - he now reluctantly accepts without a peep. He could turn this whole thing around by exposing this fraud and offering a simplified substitute bill - with just the basics required to address this fiscal crisis. He would have the people's will behind him and easily enough votes in congress to pass & would reverse momentum in the polls. This is like tee-ball and McCain is playing whiffle ball with Nancy Pelosi playing the role of Lucy pulling the football away from Charlie Brown. MORE: Weekly Standard HotAir Hyscience RedState Film and Television Productions (Up to $15,000,000.00; Sec. 502) Wooden Arrows designed for use by children (Sec. 503) 6 page package of earmarks for litigants in the 1989 Exxon Valdez incident, Alaska (Sec. 504) Virgin Island and Puerto Rican Rum (Section 308) American Samoa (Sec. 309) Mine Rescue Teams (Sec. 310) Mine Safety Equipment (Sec. 311) Domestic Production Activities in Puerto Rico (Sec. 312) Indian Tribes (Sec. 314, 315) Railroads (Sec. 316) Auto Racing Tracks (317) District of Columbia (Sec. 322) Wool Research (Sec. 325) PRIOR POST: Time to Start Naming Names PASSAGE: U.S. Senate passes historic financial bailout bill - The Senate voted 74-25 for the bill, which also includes a package of tax breaks for businesses, energy and the middle class, and an increase in bank deposit insurance. The measure now goes to the U.S. House for a vote that is likely Friday. FUTURES: Futures pull back after Senate bailout plan vote - Financial markets reacted cautiously to the Senate's passage of the banking bailout plan late Wednesday, with stock index futures falling and indicating a drop when trading resumed Thursday. There was no discernable change in the credit markets after the vote. [How do they explain that? uggh!]
Posted at Oct 01, 2008 02:06 PM EST in Government.
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