And, it may be WORSE than the House bill.
Upping the FDIC insurance level to $250K is only temporary and not permanent.
And, it extends some expiring corporate tax breaks to the tune of nearly $150 bil.
If I’m a progressive Democrat, the corporate tax breaks issue would have to stick in my craw. And, I can’t see where this has enough other tweaks to attract House GOP naysayers.
The other goodies include:
• Increasing the alternative minimum tax limit, apparently without funding that;
• Requiring mental health insurance parity
• Renewable fuels tax credits.
In other words, per McCain, it's "festooned."
The second and third will rub many in the House GO*P the wrong way; the second will alienate Blue Dog Democrats. No wonder Asian markets are down in early trading. That’s their take on how well this may do in the House.
Here’s your roll call; with a somewhat bigger party difference than in the House, the no votes split about 3-1 GOP.
A skeptical leftist's, or post-capitalist's, or eco-socialist's blog, including skepticism about leftism (and related things under other labels), but even more about other issues of politics. Free of duopoly and minor party ties. Also, a skeptical look at Gnu Atheism, religion, social sciences, more.
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As seen at Washington Babylon and other fine establishments
October 01, 2008
Senate passes a possibly WORSE bailout bill
Labels:
lenders' bailout
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