Lobbying For Failure
by digby
I have to conclude that the Bush administration and the Republicans actually want the bailout bill to fail. There can be no other reason for them to do this:
Bush lobbies Congress to pass $700B bailout bill
Bush lobbies hard for $700B bailout bill to stabilize financial sector, help avert recession
Again, I’m not being entirely facetious. Bush is the most unpopular president for the longest sustained period in history. He is a leper to anyone who wants to be re-elected. The markets know that he is completely incompetent and powerless. Floating the news that he is lobbying hard for this thing actually works against its passage. But maybe that’s what they actually want.
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