The Bailout

As of this morning the world and the markets are waiting to see if the politicians in Washington are going to adopt the Bush bailout plan. The problem seems to be that the dems have bought into the plan and conservatives (mostly Republicans) have not. So, the President with a low approval rating and the dem Congress with a lower one are in bed together and the people who vote are not willing to jump in that bed. Since there is a possibility for economic chaos if it is not passed, the dems who control Congress could pass it immediately, but they are afraid to do this unless the Republicans are in that shaky bed with them. So, we have a situation where political courage on the part of the dems is necessary to avoid a hypothetical meltdown which they have spent weeks hyping in the press. Someone will blink today or tomorrow and it will be interesting to see who it is.