My faith in Congress is renewed
As a semi-professional cynic, I was happy, but stunned to see the House rise up and vote down the Paulson plan. Could it really be that they were looking out for the country?
However, we now know that they didn't defeat the Paulson plan the first time because it was bad, they defeated it because it was not bad enough! All it took was another 400+ pages of text and $150 billion of pork for pretty much the same bailout to sail through.
Tax breaks for producing wooden arrows? Really? That should start short term business lending flowing, no?
Anyway, I just want to thank the US Congress for not requiring me to change any of my deeply held views about it.