A small group of conservative Republicans is blocking the passage of the 700 billion toxic bond bailout bill in Congress. These guys are a small minority and normally they would not be able to stop a bill like this with such strong support on both sides of the aisle and also within the Executive branch.
The rub is that voter support is probably 10 to 1 with the dissidents. Congress knows they run the risk of creating an "Alamo" scenario, with the passage of this bill. With elections coming up, this makes Congressional incumbents running for re-election very uneasy.
One of the ring leaders of this group is Senator Richard Shelby of Alabama. I probably have never agreed with him on any issue before and may never again. Doesn't matter. The enemy of my enemy is my friend.
1 comment:
I don't know why I am listening, but Bu$h the cock-sucking cheerleader has just said in a speech at the White House that the "rescue plan" aka bailout is gonna happen.
I wish him good luck, but opposition is beginning to solidify.
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