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September 29, 2008
Why the Bailout Bill Failed: Crisis Not Taken Seriously Enough?
Some useful analysis here from the Washington Post on why the bailout bill failed, despite being described by the President and both parties' leaders as critical and essential. I accept most of the arguments, ranging from bad salesmanship on outward, but I also think he makes a provocative point at the close that is certain to start arguments:
It's possible despite weeks of warnings, and a stock market that is cratering as we speak, that a lot of members still aren't taking any of this seriously enough. And that, ultimately, may be the real reason for today's vote.
More here.
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