Friday, October 3, 2008

bailout gets bailed out

http://www.nytimes.com/2008/10/04/business/economy/04bailout.html?hp

House Republican still voted against the bailout in majority, but enough of them felt the heat to get it passed. It is telling that Senate leaders had to turn this thing into a Christmas tree to get it through.

Republicans seem to be positioning for 2011 and 2012, rebuilding their conservative credentials as limited government fiscal hawks. it's much easier to be ideological when you are in the minority, without the burden of governing. 

Should Democrats expand on their majorities in both houses and take the White House I speculate we will see a new round of Republican congressmen, a bit more principled and a lot less ambitious.

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