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Fallout of the Bailout: The Death Knell for UNIVERSAL Anything?
I've been wondering why some democrats have been sounding positively conservative in their wrath at the thought of the mother of all government handouts, when it would seem to be right up their 'help save the world' street.
I heard Donna Brazil on 'This Week' with George Stephanopolus, reccommend that the democrats in congress NOT rubberstamp this bill, because the taxpayer money used to fund this bailout could tie the Obama hands on universal helathcare and any other (socialist) agenda that he may want to push through in his administration if he wins. (If she went on the record with that comment, we all know it's a concern for the New Democratic, read socialist, party)
How very interesting.. but true. How do you fund universal anything with the tax payers money when they are already paying almost a trillion dollar's worth of rescue money to the financials? Only with a tax hike so massive that EVERYONE would have to pay the price, including the middle class Obama's trying to court so desperately.
It will be very interesting to see if the democrats move a bill this potentially damaging to their cause through congress without trying to load it up with conditions, add ons or excessive showmanship designed to damage republican chances downticket this November.
I guess this bailout will put limits on both candidates.. will McCain be able to keep his word about extending the Bush taxcuts?
We are living in interesting times.


Comments
what is likely to happen here
is the Democrats in Congress will try and tie every quick bailout scheme (infrastructure loans to states; the GM/Ford/Chrysler bailout; extended unemployment benefits) to this bill to tack on another $100B for good measure, knowing this is the last train leaving the station, and they will be able in '10 and '12 to tie it back to Bush.