Yesterday's events provoke a few desultory thoughts:
How long will it be before the rest of the media starts informing viewers of the facts surrounding our financial crisis (see video below)? And why, if it truly is such a crisis, did Congress take the next two days off for Rosh Hashana? If the situation is as dire as we've been told that it is wouldn't we expect Congress to work on Christmas day, if need be, to get it resolved? Why are Nancy Pelosi and Barney Frank blaming Republicans for not getting the bailout passed when 40% (95) of House Democrats voted against it? If only 11 of those Democrats had voted for the measure instead of against it it would have passed. I'm not saying that that would have been a good thing, understand, but it's hard to blame the other party when so many of one's own party didn't vote the way one thinks they should have voted.
The fact that neither Pelosi (nor Obama) seemed to work very hard to get her caucus to support the bailout plan and the fact that the Democrats adjourned for a two day holiday suggests to me that this "crisis" is more a political ploy than a serious immediate threat to our economy. Either that or the Democratic leadership is even more irresponsible than I thought they were.
Here's an interview you can expect never to see on MSNBC:
