President Bush is speaking on the bailout. Your comments welcome! I am too lazy to watch, but isn’t this bearish for the passage of the plan? (Intrade has the odds at 75%.) It is one thing for Democrats to support a (relatively) non-partisan plan proposed by respected figures like Bernanke and Paulson. But how many Democrats want to vote for something championed by Bush, especially when their Republican opponents are likely to run (effective?) campaign commercials against them if they vote Yes? If, say, Congressman Chris Murphy ’96 votes for the bailout, you can be sure that his opponent will accuse him (fairly?) of spending taxpayer money to bailout Wall Street fat cats.

Print  •  Email