A Fairytale Ending to the Mortgage Crisis?
Oct 1, 2008 at 09:30AM
Doug in Economics, Humor, Politics

Senate Democrats apparently think all that’s needed to entice a dozen more Republicans to sign on to their $750 billion bailout plan is to ring Pavlov’s “tax credit” bell. Doubling FDIC insurance on bank deposits and seasoning the package with a few tax credits, they reason, will be like tossing fresh liver to a starving dog. Never mind that most Americans are adamantly against the bailout and that, above all else, politicians want to protect their comfortable seats on the hill. But Democrats are betting a few “treats” will make Republicans forget who they work for, roll over and beg for more.

Sad thing is, that well may be all it takes.

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