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politics

It’s going to pass eventually…

My pleasure over the bailout not passing was short lived. There can be little doubt that something will get passed. Companies were making lots of money on morgages, and they spread it around. I have no doubt that many senators benefited from campaign contributions from those companies. For example, over the last decade, Fannie Mae and Freddie Mac have given over 170 million in lobbying money. Interestingly, Obama is number two on their list of how much money they have given senators over the last 20 years. That’s with only one election and 4 years in office… Read about it here. I mention this just to show how common it is, I’m sure McCain is just as dirty…

Anyway, do you think that the senators will be coming to the rescue of such a “generous” special interest group? There’s no doubt. The new bill sounds like it is loaded with a bunch of crap that has nothing to do with the bailouts either. All sorts of stuff about alternative energy, tax breaks, etc. In short, it’s the same political shenanigans you can always expect from that body… Bleh, our tax dollars, flushed to special interests again…

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