October 1, 2008

JUST HAGGLING OVER THEIR PRICE:

Senate offers sugar with bailout rx (DAVID ROGERS, 10/1/08, Politico)

The Senate hopes to revive Treasury’s $700 billion financial rescue plan Wednesday night by packaging it together with more than $100 billion in popular tax breaks as well as aid to rural schools important to House Republicans.

To calm voters fearful of bank failures, the $100,000 cap on federal insurance for deposits would also be raised to $250,000—a concession backed by both parties but also aimed at community banks who can be helpful in building small town support for the larger bill.


See, they aren't crazy, they were just shaking us down for some pork.

Posted by Orrin Judd at October 1, 2008 9:27 AM
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