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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