The Politics of the Bailout
What a long, strange week in Washington.
Early on, you could tell things were not proceeding along their usual track. At the Senate Banking and Finance Committee, right-wing Republican Jim Bunning laid into the bailout plan as “socialism” that was “un-American,” and was met by cheers and acclamations from ACORN and Code Pink members in attendance. (So much, in fact, that Bunning crankily told them to pipe down. “I’ve been doing this long enough,” he said. “I don’t need any help.”) The next day at the joint economic hearing, after progressive stalwart Lloyd Doggett of Texas railed against the bill’s cost, Ron Paul quipped, “You’ve confused me a bit because I don’t know who the conservatives are and who the liberals are! I’m gonna keep trying to figure it out.” And a couple of days later, MSNBC viewers were treated to the spectacle of Republican Senator Richard Shelby of Alabama railing against the bailout on The Rachel Maddow Show.