Senate leaders scheduled a vote for Wednesday night on a version of the bill that adds substantial tax cuts meant to appeal to Republicans when it reaches the House.
The goal is to net at least 12 more House votes than the rescue proposal received Monday, when lawmakers rocked the political and financial worlds by rejecting it.
http://biz.yahoo.com/ap/080930/financial_meltdown.htmlIf republicans feel that there is such a dire emergency in the credit market they should step up and vote for legislation addressing that emergency. But there isn't ANY reputable economist who has recommended putting even more unaccountable money into the pockets of lenders in the hope that it'll trickle down in the form of renewed loans to the working-class.
It's a goddamn shame that there's not enough backbone and fight in our party to stand up against this open blackmail. Anyone who approves of this little deal can forget arguing against 'tax cuts for the wealthy.' Opposing them used to be a Democratic principle. Now it's an opportunistic bargaining chip. No surprise here. These people don't give a damn about 'rescuing' average Americans. They just want to legislate an artificial, ephemeral stall. If they believed in the blather they've been mouthing to get elected, they would never cater to these republican crooks.
Where is the partisan Democratic legislation in response? Bring it on. This appeasement is no protection of the working class. Those Democratic provisions that would address the root causes of the debt were stripped from the final bill to get republican votes. Now they're giving them even more. Brilliant.