While Bruce and I have different styles, we usually agree on the issues of the day. Not so with the bailout. While I had some problems with the original proposal, now that John McCain got the White House and congressional Democrats to consider some of the House Republicans’ concerns, we could have a deal which will be less bad than the original. (I pretty much agree with Larry Kudlow who understands these things much better than I.)
Yet, even now, Democrats are trying to keep a provision providing a “slush fund” for the left-wing group ACORN. Shouldn’t any money brought into the Treasury go to pay down the debt incurred for this multi-billion dollar bill? Or maybe, if we’re so lucky, to return some to taxpayers?
Don’t the Democrats realize that adding on this bailout to the deficit will only increase the size of the deficit? Â And they still want to fund their pet projects?
And Democrats keep sending in more negotiators than originally agreed upon. Seems Charles Schumer just doesn’t want to be left out. According to Jennifer Rubin: Treasury Secretary Henry “Paulson actually called [Senate Majority Leader] Reid to ask why there were so many Senate Democrats in there instead of just Dodd and the other 3 principals. Amazingly, Reid told Paulson he couldn’t control them.” Schumer and the ethically-challenged Charles Rangel are among the Democrats barging in. Seems House members don’t want to be left out either.
I wonder if the media will take note of his efforts — and highlight Reid’s flip-flops, demanding John McCain come to Washington one day, then when the Republican nominee decided to do just that, telling him he wasn’t welcome.
UPDATE: Seems they’ve reached a deal. Let’s hope there’s no ACORN “slush fund” included. Â Maybe they asked the interlopers to exit the negotiations.