Cross-posted from Daily Kos
One of my co-workers was very happy Bear Stearns got bailed out. She is nearing retirement and cares ferociously about her pension. She is not a wingnut nor a Republican. She will care more about what happens to her pension than whether or not a bill gives the Secretary of the Treasury power to rival that of Louie the XVI, or whichever Louie had a whole lot of power (I’m a blogger, damn it, not a French historian!).
Me? Well I’m a blogger, as referenced above, and a member of the Democratic base. My passion for the issues I care about is as strong as my co-worker’s passion for her hard earned pension. I’m not going to judge her badly, we just feel passionately about different things.
By using Hank Paulson and his crew’s “plan” (and I use the term ironically) as the starting point for any fix of our economy, the Democratic base has, once again, lost. Period. See, I’m used to that, it ain’t the first time.